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
₴ 5500
per

Your estimated
City
free-cash

Dresden , Germany
-₴12886
-₴14453
-₴13865
-₴13865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
3 564
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.

-
-
-
-
total
-
-
-
3 564
Employee

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

19 953
-
5 500
-
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.

557
-
-
-
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.

31
-
-
-
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.

3 564
-
3 564
-
total
4 152
-
3 564
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
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.

-
46
-
-
trade
-
866
-
-
chamber of commerce
-
87
-
-
total
-
1 824
-
-
Dividends
-
3 677
-
-
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.

-
40
-
-
withholding
-
721
-
-
total
-
761
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 152
2 585
3 564
3 564
After tax
1 348
2 915
1 936
1 936
Living cost
15 801
15 801
15 801
15 801
Free-cash
-14 453
-12 886
-13 865
-13 865

Estimated living cost  is ₴15801 per week

₴9939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24869
-₴42354
-₴23520
-₴23422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
municipal
-
-
-
-
national
-
-
-
-
pensions
-
-
-
660
social contributions
-
-
-
59
total
-
-
-
719
Employee
43 871
-
4 755
-
national
8 397
-
-
-
pensions
1 755
-
190
-
municipal
5 419
-
-
-
total
15 571
-
190
-
Employer
43 871
-
4 755
-
social contributions
472
-
51
-
pensions
3 510
-
380
-
total
3 982
-
431
-
Corporate
-
5 500
-
-
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%.

-
1 100
-
-
total
-
1 100
-
-
Dividends
-
4 400
-
-
withholding
-
968
-
-
total
-
968
-
-
Income
5 500
5 500
5 500
5 500
Total tax
19 553
2 068
621
719
After tax
-14 053
3 432
4 879
4 781
Living cost
28 301
28 301
28 301
28 301
Free-cash
-42 354
-24 869
-23 422
-23 520

Estimated living cost  is ₴28301 per week

₴19236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6453
-₴13415
-₴7820
-₴7887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
microenterprise
-
-
-
825
income
-
-
-
-
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.

-
-
-
1 642
total
-
-
-
2 467
Employee
15 243
-
4 269
-
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.

1 677
-
562
-
income
2 713
-
741
-
surtax
-
-
-
-
total
4 390
-
1 303
-
Employer
15 243
-
4 269
-
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.

3 672
-
1 231
-
surtax
-
-
-
-
total
3 672
-
1 231
-
Corporate
-
5 500
-
-
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%.

-
1 100
-
-
total
-
1 100
-
-
Dividends

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

-
4 400
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 062
1 100
2 534
2 467
After tax
-2 562
4 400
2 966
3 033
Living cost
10 853
10 853
10 853
10 853
Free-cash
-13 415
-6 453
-7 887
-7 820

Estimated living cost  is ₴10853 per week

₴6924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1034
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.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴43375
-₴46304
-₴18682
-₴46304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
495
health
-
-
-
844
pensions
-
-
-
990
total
-
-
-
2 329
Employee
44 548
44 548
44 548
-
pensions
8 019
6 112
8 019
-
income

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

7 292
7 292
7 292
-
health
6 838
5 816
6 838
-
total
22 149
19 220
22 149
-
Employer
44 548
44 548
44 548
-
health
3 097
3 097
3 097
-
pensions
3 101
3 101
3 101
-
unemployment
1 604
1 604
1 604
-
total
7 802
7 802
7 802
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
29 951
27 022
29 951
2 329
After tax
-24 451
-21 522
-24 451
3 171
Living cost
21 853
21 853
21 853
21 853
Free-cash
-46 304
-43 375
-46 304
-18 682

Estimated living cost  is ₴21853 per week

₴15487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17799
-₴33453
-₴18061
-₴17863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
municipal
-
-
-
1 165
national
-
-
-
-
unemployment
-
-
-
6
accident
-
-
-
11
health
-
-
-
343
pensions
-
-
-
595
other
-
-
-
639
total
-
-
-
2 759
Employee
29 641
-
4 185
-
national
-
-
-
-
municipal
8 839
-
1 248
-
total
8 839
-
1 248
-
Employer
29 641
-
4 185
-
health
1 823
-
257
-
pensions
3 204
-
452
-
accident
59
-
8
-
other
3 444
-
486
-
unemployment
782
-
110
-
total
9 312
-
1 313
-
Corporate
-
5 500
-
-
income
-
1 210
-
-
total
-
1 210
-
-
Dividends
-
4 290
-
-
withholding
-
1 287
-
-
total
-
1 287
-
-
Income
5 500
5 500
5 500
5 500
Total tax
18 151
2 497
2 561
2 759
After tax
-12 651
3 003
2 939
2 741
Living cost
20 802
20 802
20 802
20 802
Free-cash
-33 453
-17 799
-17 863
-18 061

Estimated living cost  is ₴20802 per week

₴13787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2041
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.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17606
-₴20955
-₴18557
-₴18557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
3 564
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.

-
-
-
-
total
-
-
-
3 564
Employee

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

26 455
-
5 500
-
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.

2 273
-
-
-
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.

125
-
-
-
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.

3 564
-
3 564
-
total
5 962
-
3 564
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
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.

-
46
-
-
trade
-
905
-
-
chamber of commerce
-
87
-
-
total
-
1 863
-
-
Dividends
-
3 638
-
-
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.

-
39
-
-
withholding
-
711
-
-
total
-
750
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 962
2 613
3 564
3 564
After tax
-462
2 887
1 936
1 936
Living cost
20 493
20 493
20 493
20 493
Free-cash
-20 955
-17 606
-18 557
-18 557

Estimated living cost  is ₴20493 per week

₴13706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23215
-₴20364
-₴15020
-₴18656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 831
income
-
-
-
-
health
-
-
-
506
social contributions
-
-
-
3 094
total
-
-
-
3 600
Employee
40 113
40 113
40 113
-
social contributions
1 949
3 329
1 123
-
income
4 212
3 713
4 510
-
health
399
682
230
-
total
6 560
7 724
5 863
-
Employer
40 113
40 113
40 113
-
social contributions
1 949
3 329
1 123
-
health
435
742
250
-
total
2 384
4 071
1 373
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 944
11 795
7 236
3 600
After tax
-3 444
-6 295
-1 736
1 900
Living cost
16 920
16 920
16 920
16 920
Free-cash
-20 364
-23 215
-18 656
-15 020

Estimated living cost  is ₴16920 per week

₴11567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1322
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.
₴3748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7659
-₴12115
-₴6401
-₴7212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
82
income
-
-
-
672
health
-
-
-
385
pensions
-
-
-
550
total
-
-
-
1 689
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.

14 741
5 867
5 867
-
pensions
1 474
587
460
-
unemployment
221
88
69
-
income
1 802
717
752
-
health
1 032
411
322
-
total
4 529
1 803
1 603
-
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.

14 741
5 867
5 867
-
pensions
2 874
1 144
897
-
total
2 874
1 144
897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
social contributions
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 403
2 947
2 500
1 689
After tax
-1 903
2 553
3 000
3 811
Living cost
10 212
10 212
10 212
10 212
Free-cash
-12 115
-7 659
-7 212
-6 401

Estimated living cost  is ₴10212 per week

₴6969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
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 Budapest model

Close
Tallinn , Estonia
-₴8200
-₴14301
-₴9060
-₴9322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
-
health
-
-
-
772
pensions
-
-
-
1 188
total
-
-
-
1 960
Employee
14 799
-
3 492
-
pensions
296
-
119
-
unemployment
237
-
95
-
income
1 666
-
-
-
total
2 199
-
214
-
Employer
14 799
-
3 492
-
health
1 923
-
772
-
pensions
2 960
-
1 188
-
unemployment
119
-
48
-
total
5 002
-
2 008
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
total
-
1 100
-
-
Dividends
-
4 400
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 201
1 100
2 222
1 960
After tax
-1 701
4 400
3 278
3 540
Living cost
12 600
12 600
12 600
12 600
Free-cash
-14 301
-8 200
-9 322
-9 060

Estimated living cost  is ₴12600 per week

₴8642
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴750
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.
₴2954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10938
-₴16058
-₴9826
-₴8479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
131
income
-
-
-
337
health
-
-
-
1 129
pensions
-
-
-
2 153
other
-
-
-
192
total
-
-
-
3 942
Employee
17 908
-
4 569
-
pensions
2 017
-
514
-
income
2 457
-
627
-
health
2 050
-
523
-
total
6 524
-
1 664
-
Employer
17 908
-
4 569
-
pensions
2 912
-
743
-
accident
299
-
76
-
unemployment
439
-
112
-
total
3 650
-
931
-
Corporate
-
5 500
-
-
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.

-
4 950
-
-
total
-
4 950
-
-
Dividends
-
550
-
-
withholding
-
104
-
-
total
-
104
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 174
5 054
2 595
3 942
After tax
-4 674
446
2 905
1 558
Living cost
11 384
11 384
11 384
11 384
Free-cash
-16 058
-10 938
-8 479
-9 826

Estimated living cost  is ₴11384 per week

₴8344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴718
-₴134
₴938
-₴107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
5 500
microenterprise

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

-
-
-
55
total
-
-
-
55
Employee
5 634
-
5 500
-
income
1 127
-
1 100
-
total
1 127
-
1 100
-
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%.

-
5 500
-
-
total
-
-
-
-
Dividends
-
5 500
-
-
withholding
-
275
-
-
total
-
275
-
-
Income
5 500
5 500
5 500
5 500
Total tax
1 127
275
1 100
55
After tax
4 373
5 225
4 400
5 445
Living cost
4 507
4 507
4 507
4 507
Free-cash
-134
718
-107
938

Estimated living cost  is ₴4507 per week

₴2793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9859
-₴18213
-₴10965
-₴10713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
688
health
-
-
-
249
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.

-
-
-
1 359
other
-
-
-
269
total
-
-
-
2 565
Employee
18 941
-
4 343
-
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.

1 326
-
304
-
unemployment
189
-
44
-
income
3 261
-
747
-
health
265
-
60
-
total
5 041
-
1 155
-
Employer
18 941
-
4 343
-
health
265
-
60
-
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.

3 220
-
739
-
accident
151
-
35
-
other
947
-
280
-
unemployment
189
-
44
-
total
4 772
-
1 158
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
304
-
-
total
-
304
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 813
1 459
2 313
2 565
After tax
-4 313
4 041
3 187
2 935
Living cost
13 900
13 900
13 900
13 900
Free-cash
-18 213
-9 859
-10 713
-10 965

Estimated living cost  is ₴13900 per week

₴9821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30985
-₴50977
-₴30707
-₴30789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
1 101
pensions
-
-
-
-
total
-
-
-
1 101
Employee
49 669
-
5 397
-
pensions
4 792
-
-
-
income
8 953
-
1 080
-
health
818
-
-
-
total
14 563
-
1 080
-
Employer
49 669
-
5 397
-
health
943
-
103
-
pensions
5 865
-
-
-
total
6 808
-
103
-
Corporate
-
5 500
-
-
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.

-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
334
-
-
total
-
334
-
-
Income
5 500
5 500
5 500
5 500
Total tax
21 371
1 379
1 183
1 101
After tax
-15 871
4 121
4 317
4 399
Living cost
35 106
35 106
35 106
35 106
Free-cash
-50 977
-30 985
-30 789
-30 707

Estimated living cost  is ₴35106 per week

₴26305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4125
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.
₴4391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2186
-₴5409
-₴3682
-₴3416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
22
income
-
-
-
825
health
-
-
-
633
pensions

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

-
-
-
814
total
-
-
-
2 294
Employee
9 120
-
4 598
-
pensions

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

801
-
404
-
income
912
-
460
-
health
419
-
212
-
accident

We are using the highest rate at 1.1%.

100
-
50
-
total
2 232
-
1 126
-
Employer
9 120
-
4 598
-
health
629
-
317
-
pensions

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

1 005
-
507
-
accident

We are using the highest rate at 1.1%.

100
-
50
-
unemployment
55
-
28
-
total
1 789
-
902
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
withholding
-
248
-
-
total
-
248
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 021
798
2 028
2 294
After tax
1 479
4 702
3 472
3 206
Living cost
6 888
6 888
6 888
6 888
Free-cash
-5 409
-2 186
-3 416
-3 682

Estimated living cost  is ₴6888 per week

₴4021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴50449
-₴51333
-₴25756
-₴53378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
495
health
-
-
-
844
pensions
-
-
-
990
total
-
-
-
2 329
Employee
48 365
44 548
44 548
-
pensions
6 112
6 112
8 019
-
income

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

7 292
7 292
7 292
-
health
6 034
5 816
6 838
-
total
19 438
19 220
22 149
-
Employer
48 365
44 548
44 548
-
health
3 361
3 097
3 097
-
pensions
3 366
3 101
3 101
-
unemployment
1 741
1 604
1 604
-
total
8 468
7 802
7 802
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
27 906
27 022
29 951
2 329
After tax
-22 406
-21 522
-24 451
3 171
Living cost
28 927
28 927
28 927
28 927
Free-cash
-51 333
-50 449
-53 378
-25 756

Estimated living cost  is ₴28927 per week

₴21338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9192
-₴20077
-₴10301
-₴10188
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
solidarity contribution
-
-
-
-
income
-
-
-
473
health
-
-
-
743
social contributions
-
-
-
1 606
total
-
-
-
2 822
Employee
19 087
-
4 104
-
social contributions
1 241
-
267
-
income
2 290
-
493
-
solidarity contribution
-
-
-
-
health
2 577
-
554
-
total
6 108
-
1 314
-
Employer
19 087
-
4 104
-
social contributions
4 772
-
1 026
-
health
1 718
-
369
-
total
6 490
-
1 395
-
Corporate
-
5 500
-
-
income
-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
668
-
-
total
-
668
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 598
1 713
2 709
2 822
After tax
-7 098
3 787
2 791
2 678
Living cost
12 979
12 979
12 979
12 979
Free-cash
-20 077
-9 192
-10 188
-10 301

Estimated living cost  is ₴12979 per week

₴9015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
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.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19079
-₴40861
-₴20921
-₴21862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
municipal
-
-
-
12
national
-
-
-
336
regional
-
-
-
18
social contributions
-
-
-
4 043
total
-
-
-
4 409
Employee
46 362
-
5 500
-
national
8 033
-
46
-
social contributions
15 633
-
5 300
-
municipal
246
-
2
-
regional
437
-
2
-
total
24 349
-
5 350
-
Employer
46 362
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
municipal
-
215
-
-
nationa
-
1 320
-
-
total
-
1 535
-
-
Dividends
-
3 966
-
-
withholding
-
1 032
-
-
total
-
1 032
-
-
Income
5 500
5 500
5 500
5 500
Total tax
24 349
2 567
5 350
4 409
After tax
-18 849
2 933
150
1 091
Living cost
22 012
22 012
22 012
22 012
Free-cash
-40 861
-19 079
-21 862
-20 921

Estimated living cost  is ₴22012 per week

₴15344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1443
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8052
-₴15382
-₴8717
-₴9184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
119
income
-
-
-
699
health
-
-
-
495
surtax
-
-
-
-
pensions
-
-
-
1 393
other
-
-
-
-
total
-
-
-
2 706
Employee
17 251
-
4 035
-
pensions
1 150
-
464
-
unemployment
1 201
-
484
-
income
2 892
-
582
-
other
-
-
-
-
surtax
56
-
-
-
health
441
-
177
-
total
5 740
-
1 707
-
Employer
17 251
-
4 035
-
health
785
-
317
-
pensions
2 300
-
928
-
other
-
-
-
-
unemployment
546
-
221
-
total
3 631
-
1 466
-
Corporate
-
5 500
-
-
income
-
1 430
-
-
total
-
1 430
-
-
Dividends
-
4 070
-
-
withholding
-
611
-
-
total
-
611
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 371
2 041
3 173
2 706
After tax
-3 871
3 459
2 327
2 794
Living cost
11 511
11 511
11 511
11 511
Free-cash
-15 382
-8 052
-9 184
-8 717

Estimated living cost  is ₴11511 per week

₴7039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19862
-₴32021
-₴19584
-₴19666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
1 101
pensions
-
-
-
-
total
-
-
-
1 101
Employee
33 287
-
5 397
-
pensions
2 825
-
-
-
income
5 995
-
1 080
-
health
483
-
-
-
total
9 303
-
1 080
-
Employer
33 287
-
5 397
-
health
632
-
103
-
pensions
3 603
-
-
-
total
4 235
-
103
-
Corporate
-
5 500
-
-
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.

-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
334
-
-
total
-
334
-
-
Income
5 500
5 500
5 500
5 500
Total tax
13 538
1 379
1 183
1 101
After tax
-8 038
4 121
4 317
4 399
Living cost
23 983
23 983
23 983
23 983
Free-cash
-32 021
-19 862
-19 666
-19 584

Estimated living cost  is ₴23983 per week

₴17968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴38262
-₴46766
-₴36084
-₴37641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
city
-
-
-
57
national
-
-
-
-
regional
-
-
-
-
health
-
-
-
133
pensions
-
-
-
507
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.

-
-
-
110
total
-
-
-
807
Employee
47 720
-
4 246
-
national
226
-
-
-
city
512
-
37
-
pensions
4 009
-
1 112
-
unemployment
-
-
-
-
health
108
-
9
-
regional
1 563
-
-
-
total
6 418
-
1 158
-
Employer
47 720
-
4 246
-
health
108
-
9
-
pensions
4 009
-
1 112
-
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.

954
-
85
-
unemployment
-
-
-
-
total
5 071
-
1 206
-
Corporate
-
5 500
-
-
national
-
467
-
-
regional
-
1 164
-
-
total
-
1 631
-
-
Dividends
-
3 869
-
-
withholding
-
1 354
-
-
total
-
1 354
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 489
2 985
2 364
807
After tax
-5 989
2 515
3 136
4 693
Living cost
40 777
40 777
40 777
40 777
Free-cash
-46 766
-38 262
-37 641
-36 084

Estimated living cost  is ₴40777 per week

₴26517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴21040
-₴25852
-₴21962
-₴21962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
3 564
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.

-
-
-
-
total
-
-
-
3 564
Employee

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

31 351
-
5 500
-
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.

3 687
-
-
-
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
-
-
-
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.

3 564
-
3 564
-
total
7 454
-
3 564
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
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.

-
46
-
-
trade
-
943
-
-
chamber of commerce
-
87
-
-
total
-
1 901
-
-
Dividends
-
3 599
-
-
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.

-
39
-
-
withholding
-
702
-
-
total
-
741
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 454
2 642
3 564
3 564
After tax
-1 954
2 858
1 936
1 936
Living cost
23 898
23 898
23 898
23 898
Free-cash
-25 852
-21 040
-21 962
-21 962

Estimated living cost  is ₴23898 per week

₴17454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15076
-₴23799
-₴15064
-₴14249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
-
health
-
-
-
139
surtax
-
-
-
-
pensions
-
-
-
2 251
other
-
-
-
170
social contributions
-
-
-
156
total
-
-
-
2 716
Employee
22 326
-
4 191
-
pensions
2 524
-
473
-
social contributions
637
-
120
-
income
1 318
-
-
-
surtax
-
-
-
-
total
4 479
-
593
-
Employer
22 326
-
4 191
-
social contributions
67
-
13
-
health
1 563
-
293
-
pensions
3 668
-
688
-
other
770
-
145
-
unemployment
904
-
169
-
total
6 972
-
1 308
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
social contributions
-
681
-
-
surtax
-
-
-
-
withholding
-
507
-
-
total
-
1 188
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 451
2 728
1 901
2 716
After tax
-5 951
2 772
3 599
2 784
Living cost
17 848
17 848
17 848
17 848
Free-cash
-23 799
-15 076
-14 249
-15 064

Estimated living cost  is ₴17848 per week

₴11254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1451
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.
₴4840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13308
-₴20654
-₴13296
-₴12481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
-
health
-
-
-
139
surtax
-
-
-
-
pensions
-
-
-
2 251
other
-
-
-
170
social contributions
-
-
-
156
total
-
-
-
2 716
Employee
19 929
-
4 191
-
pensions
2 254
-
473
-
social contributions
568
-
120
-
income
1 028
-
-
-
surtax
-
-
-
-
total
3 850
-
593
-
Employer
19 929
-
4 191
-
social contributions
59
-
13
-
health
1 395
-
293
-
pensions
3 275
-
688
-
other
688
-
145
-
unemployment
807
-
169
-
total
6 224
-
1 308
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
social contributions
-
681
-
-
surtax
-
-
-
-
withholding
-
507
-
-
total
-
1 188
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 074
2 728
1 901
2 716
After tax
-4 574
2 772
3 599
2 784
Living cost
16 080
16 080
16 080
16 080
Free-cash
-20 654
-13 308
-12 481
-13 296

Estimated living cost  is ₴16080 per week

₴9325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7991
-₴13557
-₴7757
-₴7467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
825
health
-
-
-
460
social contributions
-
-
-
910
total
-
-
-
2 195
Employee
17 687
-
5 500
-
social contributions
2 441
-
910
-
income
2 950
-
535
-
health
1 234
-
460
-
total
6 625
-
1 905
-
Employer
17 687
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
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%.

-
275
-
-
total
-
275
-
-
Dividends
-
5 225
-
-
social contributions
910
910
-
-
health
460
460
-
-
withholding
-
784
-
-
total
1 370
2 154
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 995
2 429
1 905
2 195
After tax
-2 495
3 071
3 595
3 305
Living cost
11 062
11 062
11 062
11 062
Free-cash
-13 557
-7 991
-7 467
-7 757

Estimated living cost  is ₴11062 per week

₴7403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24761
-₴28670
-₴17645
-₴19468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
3 200
income
-
-
-
-
chamber of commerce
-
-
-
22
health
-
-
-
421
surtax
-
-
-
103
pensions
-
-
-
1 018
total
-
-
-
4 764
Employee
26 070
20 789
20 789
-
pensions
2 670
2 128
533
-
unemployment
782
624
156
-
income
2 968
1 533
2 442
-
other
260
208
52
-
health
1 009
805
201
-
total
7 689
5 298
3 384
-
Employer
26 070
20 789
20 789
-
chamber of commerce
104
83
83
-
health
985
786
197
-
payroll
782
624
624
-
pensions
3 272
2 610
653
-
surtax
103
103
103
-
accident
339
270
37
-
other
1 238
987
855
-
unemployment
782
624
156
-
total
7 605
6 087
2 708
-
Corporate
1 980
1 980
1 980
-
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.

495
495
495
-
total
495
495
495
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 789
11 880
6 587
4 764
After tax
-10 289
-6 380
-1 087
736
Living cost
18 381
18 381
18 381
18 381
Free-cash
-28 670
-24 761
-19 468
-17 645

Estimated living cost  is ₴18381 per week

₴12260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1568
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.
₴4252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15767
-₴42677
-₴17123
-₴16465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
national
-
-
-
687
communal

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

-
-
-
165
social contributions
-
-
-
2 750
total
-
-
-
3 602
Employee

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

37 315
-
4 260
-
national
11 472
-
926
-
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.

2 799
-
320
-
communal

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

1 946
-
222
-
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.

325
-
37
-
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.

1 753
-
200
-
total
18 295
-
1 705
-
Employer

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

37 315
-
4 260
-
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.

2 295
-
262
-
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.

3 306
-
377
-
surtax
4 231
-
483
-
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.

485
-
55
-
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.

544
-
62
-
total
10 861
-
1 239
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
surtax
-
22
-
-
total
-
1 122
-
-
Dividends
-
4 378
-
-
withholding

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

-
1 124
-
-
total
-
1 124
-
-
Income
5 500
5 500
5 500
5 500
Total tax
29 156
2 246
2 944
3 602
After tax
-23 656
3 254
2 556
1 898
Living cost
19 021
19 021
19 021
19 021
Free-cash
-42 677
-15 767
-16 465
-17 123

Estimated living cost  is ₴19021 per week

₴12252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1663
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15052
-₴28746
-₴17110
-₴20000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
78
accident
-
-
-
101
income
-
-
-
406
pensions
-
-
-
3 175
other
-
-
-
11
total
-
-
-
3 771
Employee
25 967
-
-
-
pensions
1 221
-
819
-
unemployment
403
-
270
-
income
5 479
-
-
-
other
26
-
18
-
total
7 129
-
1 107
-
Employer
25 967
-
-
-
pensions
6 128
-
4 111
-
accident
514
-
345
-
other
207
-
140
-
unemployment
1 429
-
958
-
total
8 278
-
5 554
-
Corporate
-
5 500
-
-
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.

-
825
-
-
total
-
825
-
-
Dividends
-
4 675
-
-
withholding
-
888
-
-
total
-
888
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 407
1 713
6 661
3 771
After tax
-9 907
3 787
-1 161
1 729
Living cost
18 839
18 839
18 839
18 839
Free-cash
-28 746
-15 052
-20 000
-17 110

Estimated living cost  is ₴18839 per week

₴13873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
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.
₴3358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24585
-₴38724
-₴28906
-₴28907
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
224
income
-
-
-
-
communal
-
-
-
-
health
-
-
-
1 861
surtax
-
-
-
-
pensions
-
-
-
3 972
total
-
-
-
6 057
Employee
39 505
-
2 533
-
pensions
3 160
-
1 986
-
income
3 816
-
-
-
surtax
2 421
-
-
-
health
1 758
-
1 105
-
total
11 155
-
3 091
-
Employer
39 505
-
2 533
-
health
1 205
-
757
-
pensions
3 160
-
1 986
-
accident
355
-
224
-
total
4 720
-
2 967
-
Corporate
-
5 500
-
-
income
-
825
-
-
surtax
-
57
-
-
communal
-
-
-
-
total
-
882
-
-
Dividends
-
4 618
-
-
income
-
161
-
-
withholding
-
693
-
-
total
-
854
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 875
1 736
6 058
6 057
After tax
-10 375
3 764
-558
-557
Living cost
28 349
28 349
28 349
28 349
Free-cash
-38 724
-24 585
-28 907
-28 906

Estimated living cost  is ₴28349 per week

₴21266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8258
-₴15765
-₴8923
-₴9390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
119
income
-
-
-
699
health
-
-
-
495
surtax
-
-
-
-
pensions
-
-
-
1 393
other
-
-
-
-
total
-
-
-
2 706
Employee
17 568
-
4 035
-
pensions
1 172
-
464
-
unemployment
1 223
-
484
-
income
2 945
-
582
-
other
-
-
-
-
surtax
62
-
-
-
health
448
-
177
-
total
5 850
-
1 707
-
Employer
17 568
-
4 035
-
health
799
-
317
-
pensions
2 342
-
928
-
other
-
-
-
-
unemployment
557
-
221
-
total
3 698
-
1 466
-
Corporate
-
5 500
-
-
income
-
1 430
-
-
total
-
1 430
-
-
Dividends
-
4 070
-
-
withholding
-
611
-
-
total
-
611
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 548
2 041
3 173
2 706
After tax
-4 048
3 459
2 327
2 794
Living cost
11 717
11 717
11 717
11 717
Free-cash
-15 765
-8 258
-9 390
-8 923

Estimated living cost  is ₴11717 per week

₴7074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11161
-₴23437
-₴12973
-₴13904
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
municipal
-
-
-
12
national
-
-
-
336
regional
-
-
-
30
social contributions
-
-
-
4 043
total
-
-
-
4 421
Employee
28 937
-
5 500
-
national
4 584
-
46
-
social contributions
9 758
-
5 300
-
municipal
153
-
2
-
regional
390
-
4
-
total
14 885
-
5 352
-
Employer
28 937
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
municipal
-
273
-
-
nationa
-
1 320
-
-
total
-
1 593
-
-
Dividends
-
3 907
-
-
withholding
-
1 016
-
-
total
-
1 016
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 885
2 609
5 352
4 421
After tax
-9 385
2 891
148
1 079
Living cost
14 052
14 052
14 052
14 052
Free-cash
-23 437
-11 161
-13 904
-12 973

Estimated living cost  is ₴14052 per week

₴8739
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.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12207
-₴26017
-₴13316
-₴13203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
solidarity contribution
-
-
-
-
income
-
-
-
473
health
-
-
-
743
social contributions
-
-
-
1 606
total
-
-
-
2 822
Employee
23 520
-
4 104
-
social contributions
1 529
-
267
-
income
2 822
-
493
-
solidarity contribution
-
-
-
-
health
3 175
-
554
-
total
7 526
-
1 314
-
Employer
23 520
-
4 104
-
social contributions
5 880
-
1 026
-
health
2 117
-
369
-
total
7 997
-
1 395
-
Corporate
-
5 500
-
-
income
-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
668
-
-
total
-
668
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 523
1 713
2 709
2 822
After tax
-10 023
3 787
2 791
2 678
Living cost
15 994
15 994
15 994
15 994
Free-cash
-26 017
-12 207
-13 203
-13 316

Estimated living cost  is ₴15994 per week

₴11894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
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.
₴2937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22920
-₴24360
-₴15804
-₴17628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
3 200
income
-
-
-
-
chamber of commerce
-
-
-
22
health
-
-
-
421
surtax
-
-
-
-
pensions
-
-
-
1 018
total
-
-
-
4 661
Employee
22 803
20 789
20 789
-
pensions
2 335
2 128
533
-
unemployment
684
624
156
-
income
2 031
1 533
2 442
-
other
228
208
52
-
health
882
805
201
-
total
6 160
5 298
3 384
-
Employer
22 803
20 789
20 789
-
chamber of commerce
91
83
83
-
health
862
786
197
-
payroll
684
624
624
-
pensions
2 862
2 610
653
-
surtax
-
-
-
-
accident
296
270
38
-
other
1 083
987
855
-
unemployment
684
624
156
-
total
6 562
5 984
2 606
-
Corporate
1 980
1 980
1 980
-
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.

495
495
495
-
total
495
495
495
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
13 217
11 777
6 485
4 661
After tax
-7 717
-6 277
-985
839
Living cost
16 643
16 643
16 643
16 643
Free-cash
-24 360
-22 920
-17 628
-15 804

Estimated living cost  is ₴16643 per week

₴9984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1700
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.
₴4663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1798
-₴3280
-₴1578
-₴2623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
5 500
microenterprise

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

-
-
-
55
total
-
-
-
55
Employee
8 779
-
5 500
-
income
1 756
-
1 100
-
total
1 756
-
1 100
-
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%.

-
5 500
-
-
total
-
-
-
-
Dividends
-
5 500
-
-
withholding
-
275
-
-
total
-
275
-
-
Income
5 500
5 500
5 500
5 500
Total tax
1 756
275
1 100
55
After tax
3 744
5 225
4 400
5 445
Living cost
7 024
7 024
7 024
7 024
Free-cash
-3 280
-1 798
-2 623
-1 578

Estimated living cost  is ₴7024 per week

₴4753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10205
-₴21160
-₴10678
-₴10879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
unemployment
-
-
-
8
income
-
-
-
632
health
-
-
-
541
pensions
-
-
-
1 005
total
-
-
-
2 186
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.

23 068
-
4 760
-
pensions
3 576
-
738
-
unemployment
33
-
7
-
income
3 978
-
593
-
health
1 490
-
308
-
total
9 077
-
1 646
-
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.

23 068
-
4 760
-
health
1 536
-
317
-
pensions
2 041
-
421
-
unemployment
14
-
3
-
total
3 591
-
741
-
Corporate
-
5 500
-
-
income
-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
668
-
-
total
-
668
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 668
1 713
2 387
2 186
After tax
-7 168
3 787
3 113
3 314
Living cost
13 992
13 992
13 992
13 992
Free-cash
-21 160
-10 205
-10 879
-10 678

Estimated living cost  is ₴13992 per week

₴9603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴897
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.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21193
-₴79295
-₴20738
-₴26520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
1 072
social contributions
-
-
-
627
total
-
-
-
1 699
Employee
35 185
-
-
-
social contributions
2 885
-
411
-
income
7 761
-
-
-
total
10 646
-
411
-
Employer
35 185
-
-
-
social contributions
49 610
-
7 070
-
total
49 610
-
7 070
-
Corporate
-
5 500
-
-
income
-
1 210
-
-
total
-
1 210
-
-
Dividends
-
4 290
-
-
income
-
944
-
-
total
-
944
-
-
Income
5 500
5 500
5 500
5 500
Total tax
60 256
2 154
7 481
1 699
After tax
-54 756
3 346
-1 981
3 801
Living cost
24 539
24 539
24 539
24 539
Free-cash
-79 295
-21 193
-26 520
-20 738

Estimated living cost  is ₴24539 per week

₴15922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13235
-₴24191
-₴13096
-₴12980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
income
-
-
-
321
surtax
-
-
-
-
social contributions

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

-
-
-
1 912
total
-
-
-
2 233
Employee
23 992
-
4 445
-
social contributions
2 639
-
489
-
income
4 991
-
573
-
surtax
-
-
-
-
total
7 630
-
1 062
-
Employer
23 992
-
4 445
-
social contributions
5 698
-
1 055
-
total
5 698
-
1 055
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
surtax
-
-
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 217
-
-
total
-
1 217
-
-
Income
5 500
5 500
5 500
5 500
Total tax
13 328
2 372
2 117
2 233
After tax
-7 828
3 128
3 383
3 267
Living cost
16 363
16 363
16 363
16 363
Free-cash
-24 191
-13 235
-12 980
-13 096

Estimated living cost  is ₴16363 per week

₴12243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22424
-₴37380
-₴22412
-₴21597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
-
health
-
-
-
139
surtax
-
-
-
-
pensions
-
-
-
2 251
other
-
-
-
170
social contributions
-
-
-
156
total
-
-
-
2 716
Employee
32 673
-
4 191
-
pensions
3 696
-
473
-
social contributions
931
-
120
-
income
2 851
-
-
-
surtax
-
-
-
-
total
7 478
-
593
-
Employer
32 673
-
4 191
-
social contributions
98
-
13
-
health
2 287
-
293
-
pensions
5 369
-
688
-
other
1 128
-
145
-
unemployment
1 324
-
169
-
total
10 206
-
1 308
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
social contributions
-
681
-
-
surtax
-
-
-
-
withholding
-
507
-
-
total
-
1 188
-
-
Income
5 500
5 500
5 500
5 500
Total tax
17 684
2 728
1 901
2 716
After tax
-12 184
2 772
3 599
2 784
Living cost
25 196
25 196
25 196
25 196
Free-cash
-37 380
-22 424
-21 597
-22 412

Estimated living cost  is ₴25196 per week

₴17052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2061
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10731
-₴13871
-₴11392
-₴11229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
-
social contributions
-
-
-
1 211
total
-
-
-
1 211
Employee
16 771
-
4 761
-
social contributions
1 090
-
309
-
income
-
-
-
-
total
1 090
-
309
-
Employer
16 771
-
4 761
-
social contributions
2 600
-
739
-
total
2 600
-
739
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
3 690
550
1 048
1 211
After tax
1 810
4 950
4 452
4 289
Living cost
15 681
15 681
15 681
15 681
Free-cash
-13 871
-10 731
-11 229
-11 392

Estimated living cost  is ₴15681 per week

₴10139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴107944
-₴107944
-₴20431
-₴107944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
municipal
-
-
-
-
national
-
-
-
-
labour market
-
-
-
404
pensions
-
-
-
451
total
-
-
-
855
Employee
105 839
105 839
105 839
-
national
12 930
12 930
12 930
-
pensions
150
150
150
-
municipal
22 538
22 538
22 538
-
labour market
8 455
8 455
8 455
-
total
44 073
44 073
44 073
-
Employer
105 839
105 839
105 839
-
municipal
22 574
22 574
22 574
-
labour market
8 467
8 467
8 467
-
national
12 953
12 953
12 953
-
pensions
301
301
301
-
total
44 295
44 295
44 295
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
88 368
88 368
88 368
855
After tax
-82 868
-82 868
-82 868
4 645
Living cost
25 076
25 076
25 076
25 076
Free-cash
-107 944
-107 944
-107 944
-20 431

Estimated living cost  is ₴25076 per week

₴17162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴386
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10770
-₴15740
-₴9658
-₴8311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
131
income
-
-
-
337
health
-
-
-
1 129
pensions
-
-
-
2 153
other
-
-
-
192
total
-
-
-
3 942
Employee
17 644
-
4 569
-
pensions
1 987
-
514
-
income
2 421
-
627
-
health
2 020
-
523
-
total
6 428
-
1 664
-
Employer
17 644
-
4 569
-
pensions
2 869
-
743
-
accident
295
-
76
-
unemployment
432
-
112
-
total
3 596
-
931
-
Corporate
-
5 500
-
-
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.

-
4 950
-
-
total
-
4 950
-
-
Dividends
-
550
-
-
withholding
-
104
-
-
total
-
104
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 024
5 054
2 595
3 942
After tax
-4 524
446
2 905
1 558
Living cost
11 216
11 216
11 216
11 216
Free-cash
-15 740
-10 770
-8 311
-9 658

Estimated living cost  is ₴11216 per week

₴8164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-₴16222
-₴27124
-₴15518
-₴16547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
5 500
municipal
-
-
-
990
national
-
-
-
-
health
-
-
-
-
total
-
-
-
990
Employee
27 446
-
4 627
-
national
453
-
-
-
pensions
1 852
-
312
-
unemployment
412
-
69
-
municipal
4 495
-
764
-
health
205
-
-
-
total
7 417
-
1 145
-
Employer
27 446
-
4 627
-
health
211
-
36
-
pensions
4 762
-
803
-
accident
28
-
5
-
unemployment
178
-
30
-
total
5 179
-
874
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
total
-
1 100
-
-
Dividends

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

-
3 300
-
-
municipal
-
594
-
-
national
-
-
-
-
total
-
594
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 596
1 694
2 019
990
After tax
-7 096
3 806
3 481
4 510
Living cost
20 028
20 028
20 028
20 028
Free-cash
-27 124
-16 222
-16 547
-15 518

Estimated living cost  is ₴20028 per week

₴13082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18373
-₴14629
-₴10178
-₴13814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 831
income
-
-
-
-
health
-
-
-
506
social contributions
-
-
-
3 094
total
-
-
-
3 600
Employee
40 113
40 113
40 113
-
social contributions
1 517
3 329
1 123
-
income
4 368
3 713
4 510
-
health
311
682
230
-
total
6 196
7 724
5 863
-
Employer
40 113
40 113
40 113
-
social contributions
1 517
3 329
1 123
-
health
338
742
250
-
total
1 855
4 071
1 373
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 051
11 795
7 236
3 600
After tax
-2 551
-6 295
-1 736
1 900
Living cost
12 078
12 078
12 078
12 078
Free-cash
-14 629
-18 373
-13 814
-10 178

Estimated living cost  is ₴12078 per week

₴7239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3388
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3727
-₴7706
-₴8028
-₴6115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 500
unemployment
-
-
-
15
income
-
-
-
25
health
-
-
-
1 888
pensions
-
-
-
3 318
total
-
-
-
5 246
Employee

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

11 974
-
4 564
-
pensions
1 796
-
1 363
-
unemployment
59
-
46
-
income
819
-
215
-
health
1 018
-
772
-
total
3 692
-
2 396
-
Employer

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

11 974
-
4 564
-
health
515
-
391
-
pensions
658
-
500
-
unemployment
59
-
46
-
total
1 232
-
937
-
Corporate
-
5 500
-
-
income
-
495
-
-
total
-
495
-
-
Dividends
-
5 005
-
-
withholding
-
450
-
-
total
-
450
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 924
945
3 333
5 246
After tax
576
4 555
2 167
254
Living cost
8 282
8 282
8 282
8 282
Free-cash
-7 706
-3 727
-6 115
-8 028

Estimated living cost  is ₴8282 per week

₴5284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴597
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.
₴2154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10558
-₴19938
-₴12616
-₴15506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
78
accident
-
-
-
101
income
-
-
-
406
pensions
-
-
-
3 175
other
-
-
-
11
total
-
-
-
3 771
Employee
19 289
-
-
-
pensions
907
-
819
-
unemployment
299
-
270
-
income
3 719
-
-
-
other
19
-
18
-
total
4 944
-
1 107
-
Employer
19 289
-
-
-
pensions
4 552
-
4 111
-
accident
382
-
345
-
other
154
-
140
-
unemployment
1 061
-
958
-
total
6 149
-
5 554
-
Corporate
-
5 500
-
-
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.

-
825
-
-
total
-
825
-
-
Dividends
-
4 675
-
-
withholding
-
888
-
-
total
-
888
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 093
1 713
6 661
3 771
After tax
-5 593
3 787
-1 161
1 729
Living cost
14 345
14 345
14 345
14 345
Free-cash
-19 938
-10 558
-15 506
-12 616

Estimated living cost  is ₴14345 per week

₴9683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2549
₴2404
₴2174
₴2111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
1 332
health
-
-
-
467
pensions
-
-
-
644
total
-
-
-
2 443
Employee
1 345
-
4 775
-
pensions
121
-
290
-
unemployment
13
-
32
-
income
260
-
1 299
-
health
67
-
161
-
total
461
-
1 782
-
Employer
1 345
-
4 775
-
health
128
-
306
-
pensions
148
-
354
-
unemployment
27
-
64
-
total
303
-
724
-
Corporate
3 852
5 500
-
-
income
848
1 210
-
-
total
848
1 210
-
-
Dividends
3 005
4 290
-
-
withholding
601
858
-
-
total
601
858
-
-
Income
5 500
5 500
5 500
5 500
Total tax
2 213
2 068
2 506
2 443
After tax
3 287
3 432
2 994
3 057
Living cost
883
883
883
883
Free-cash
2 404
2 549
2 111
2 174

Estimated living cost  is ₴883 per week

₴525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5032
-₴10511
-₴5773
-₴5488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
unemployment
-
-
-
83
income
-
-
-
187
health
-
-
-
567
pensions
-
-
-
1 430
total
-
-
-
2 267
Employee

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

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

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

13 581
-
4 665
-
pensions
1 901
-
653
-
unemployment
102
-
35
-
income
1 872
-
219
-
health
699
-
240
-
total
4 574
-
1 147
-
Employer

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

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

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

13 581
-
4 665
-
health
699
-
240
-
pensions
1 630
-
560
-
unemployment
102
-
35
-
total
2 431
-
835
-
Corporate
-
5 500
-
-
income
-
825
-
-
total
-
825
-
-
Dividends
-
4 675
-
-
withholding
-
701
-
-
total
-
701
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 005
1 526
1 982
2 267
After tax
-1 505
3 974
3 518
3 233
Living cost
9 006
9 006
9 006
9 006
Free-cash
-10 511
-5 032
-5 488
-5 773

Estimated living cost  is ₴9006 per week

₴6064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
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.
₴1985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10936
-₴19555
-₴10797
-₴10681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
income
-
-
-
321
surtax
-
-
-
-
social contributions

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

-
-
-
1 912
total
-
-
-
2 233
Employee
20 247
-
4 445
-
social contributions
2 227
-
489
-
income
3 956
-
573
-
surtax
-
-
-
-
total
6 183
-
1 062
-
Employer
20 247
-
4 445
-
social contributions
4 808
-
1 055
-
total
4 808
-
1 055
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
surtax
-
-
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 217
-
-
total
-
1 217
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 991
2 372
2 117
2 233
After tax
-5 491
3 128
3 383
3 267
Living cost
14 064
14 064
14 064
14 064
Free-cash
-19 555
-10 936
-10 681
-10 797

Estimated living cost  is ₴14064 per week

₴9961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
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.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14547
-₴27728
-₴16605
-₴19495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
78
accident
-
-
-
101
income
-
-
-
406
pensions
-
-
-
3 175
other
-
-
-
11
total
-
-
-
3 771
Employee
25 194
-
-
-
pensions
1 184
-
819
-
unemployment
390
-
270
-
income
5 262
-
-
-
other
25
-
18
-
total
6 861
-
1 107
-
Employer
25 194
-
-
-
pensions
5 946
-
4 111
-
accident
499
-
345
-
other
202
-
140
-
unemployment
1 386
-
958
-
total
8 033
-
5 554
-
Corporate
-
5 500
-
-
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.

-
825
-
-
total
-
825
-
-
Dividends
-
4 675
-
-
withholding
-
888
-
-
total
-
888
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 894
1 713
6 661
3 771
After tax
-9 394
3 787
-1 161
1 729
Living cost
18 334
18 334
18 334
18 334
Free-cash
-27 728
-14 547
-19 495
-16 605

Estimated living cost  is ₴18334 per week

₴13166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4335
-₴8816
-₴5831
-₴5565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
22
income
-
-
-
825
health
-
-
-
633
pensions

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

-
-
-
814
total
-
-
-
2 294
Employee
11 966
-
4 598
-
pensions

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

1 051
-
404
-
income
1 197
-
460
-
health
550
-
212
-
accident

We are using the highest rate at 1.1%.

132
-
50
-
total
2 930
-
1 126
-
Employer
11 966
-
4 598
-
health
826
-
317
-
pensions

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

1 319
-
507
-
accident

We are using the highest rate at 1.1%.

132
-
50
-
unemployment
72
-
28
-
total
2 349
-
902
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
withholding
-
248
-
-
total
-
248
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 279
798
2 028
2 294
After tax
221
4 702
3 472
3 206
Living cost
9 037
9 037
9 037
9 037
Free-cash
-8 816
-4 335
-5 565
-5 831

Estimated living cost  is ₴9037 per week

₴5977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17168
-₴20456
-₴18204
-₴18204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
3 564
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.

-
-
-
-
total
-
-
-
3 564
Employee

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

25 956
-
5 500
-
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.

2 134
-
-
-
surtax

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

118
-
-
-
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.

3 564
-
3 564
-
total
5 816
-
3 564
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
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.

-
46
-
-
trade
-
789
-
-
chamber of commerce
-
87
-
-
total
-
1 747
-
-
Dividends
-
3 754
-
-
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.

-
41
-
-
withholding
-
740
-
-
total
-
781
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 816
2 528
3 564
3 564
After tax
-316
2 972
1 936
1 936
Living cost
20 140
20 140
20 140
20 140
Free-cash
-20 456
-17 168
-18 204
-18 204

Estimated living cost  is ₴20140 per week

₴13893
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2167
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.
₴3788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25865
-₴35306
-₴24216
-₴24216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
-22
social contributions
-
-
-
22
total
-
-
-
-
Employee
40 806
-
5 500
-
social contributions
3 390
-
22
-
income
7 700
-
-22
-
total
11 090
-
-
-
Employer
40 806
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
687
-
-
total
-
687
-
-
Dividends
-
4 813
-
-
withholding
-
962
-
-
total
-
962
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 090
1 649
-
-
After tax
-5 590
3 851
5 500
5 500
Living cost
29 716
29 716
29 716
29 716
Free-cash
-35 306
-25 865
-24 216
-24 216

Estimated living cost  is ₴29716 per week

₴22608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2421
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.
₴4403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16919
-₴22387
-₴31514
-₴15251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
income
-
-
-
14 849
health

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

-
-
-
3 228
total
-
-
-
18 077
Employee
23 931
-
4 593
-
social contributions
2 398
-
907
-
income
2 597
-
-
-
total
4 995
-
907
-
Employer
23 931
-
4 593
-
social contributions
2 398
-
907
-
total
2 398
-
907
-
Corporate
-
5 500
-
-
income
-
1 925
-
-
total
-
1 925
-
-
Dividends
-
3 575
-
-
social contributions
1 557
1 557
-
-
total
1 557
1 557
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 950
3 482
1 814
18 077
After tax
-3 450
2 018
3 686
-12 577
Living cost
18 937
18 937
18 937
18 937
Free-cash
-22 387
-16 919
-15 251
-31 514

Estimated living cost  is ₴18937 per week

₴12473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1493
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.
₴4680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15377
-₴24477
-₴15099
-₴15181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
1 101
pensions
-
-
-
-
total
-
-
-
1 101
Employee
26 763
-
5 397
-
pensions
2 043
-
-
-
income
4 874
-
1 080
-
health
349
-
-
-
total
7 266
-
1 080
-
Employer
26 763
-
5 397
-
health
509
-
103
-
pensions
2 704
-
-
-
total
3 213
-
103
-
Corporate
-
5 500
-
-
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.

-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
334
-
-
total
-
334
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 479
1 379
1 183
1 101
After tax
-4 979
4 121
4 317
4 399
Living cost
19 498
19 498
19 498
19 498
Free-cash
-24 477
-15 377
-15 181
-15 099

Estimated living cost  is ₴19498 per week

₴13375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11881
-₴17842
-₴10769
-₴9422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
131
income
-
-
-
337
health
-
-
-
1 129
pensions
-
-
-
2 153
other
-
-
-
192
total
-
-
-
3 942
Employee
19 391
-
4 569
-
pensions
2 183
-
514
-
income
2 660
-
627
-
health
2 220
-
523
-
total
7 063
-
1 664
-
Employer
19 391
-
4 569
-
pensions
3 153
-
743
-
accident
324
-
76
-
unemployment
475
-
112
-
total
3 952
-
931
-
Corporate
-
5 500
-
-
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.

-
4 950
-
-
total
-
4 950
-
-
Dividends
-
550
-
-
withholding
-
104
-
-
total
-
104
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 015
5 054
2 595
3 942
After tax
-5 515
446
2 905
1 558
Living cost
12 327
12 327
12 327
12 327
Free-cash
-17 842
-11 881
-9 422
-10 769

Estimated living cost  is ₴12327 per week

₴9047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
-₴2377
-₴5782
-₴3614
-₴3614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
5 500
unemployment
-
-
-
66
health insurance
-
-
-
407
income
-
-
-
550
work injury
-
-
-
27
pensions
-
-
-
1 012
total
-
-
-
2 062
Employee

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

11 283
-
5 500
-
work injury
56
-
27
-
pensions
2 076
-
1 012
-
unemployment
135
-
66
-
income
1 128
-
550
-
health insurance
835
-
407
-
total
4 230
-
2 062
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
-
5 500
-
-
withholding
-
825
-
-
total
-
825
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 230
825
2 062
2 062
After tax
1 270
4 675
3 438
3 438
Living cost
7 052
7 052
7 052
7 052
Free-cash
-5 782
-2 377
-3 614
-3 614

Estimated living cost  is ₴7052 per week

₴4369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17885
-₴38460
-₴19699
-₴20633
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
municipal
-
-
-
13
national
-
-
-
336
regional
-
-
-
25
social contributions
-
-
-
4 043
total
-
-
-
4 417
Employee
43 959
-
5 500
-
national
7 429
-
46
-
social contributions
14 823
-
5 300
-
municipal
262
-
2
-
regional
664
-
3
-
total
23 178
-
5 351
-
Employer
43 959
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
municipal
-
265
-
-
nationa
-
1 320
-
-
total
-
1 585
-
-
Dividends
-
3 915
-
-
withholding
-
1 018
-
-
total
-
1 018
-
-
Income
5 500
5 500
5 500
5 500
Total tax
23 178
2 603
5 351
4 417
After tax
-17 678
2 897
149
1 083
Living cost
20 782
20 782
20 782
20 782
Free-cash
-38 460
-17 885
-20 633
-19 699

Estimated living cost  is ₴20782 per week

₴14598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
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