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
-₴12664
-₴13590
-₴14169
-₴13590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 513
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.

-
-
-
-
trade
-
-
-
-
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
-
-
-
3 513
Employee

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

19 670
-
5 500
-
surtax

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

30
-
-
-
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.

549
-
-
-
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.

3 513
-
3 513
-
total
4 092
-
3 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
867
-
-
chamber of commerce
-
86
-
-
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.

-
45
-
-
income
-
825
-
-
total
-
1 823
-
-
Dividends
-
3 678
-
-
withholding
-
724
-
-
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
-
-
total
-
764
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 092
2 587
3 513
3 513
After tax
1 408
2 913
1 987
1 987
Living cost
15 577
15 577
15 577
15 577
Free-cash
-14 169
-12 664
-13 590
-13 590

Estimated living cost  is ₴15577 per week

₴9798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23801
-₴22354
-₴40547
-₴22452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
59
national
-
-
-
-
pensions
-
-
-
660
municipal
-
-
-
-
total
-
-
-
719
Employee
42 217
-
4 755
-
national
8 080
-
-
-
municipal
5 214
-
-
-
pensions
1 689
-
190
-
total
14 983
-
190
-
Employer
42 217
-
4 755
-
pensions
3 377
-
380
-
social contributions
454
-
51
-
total
3 831
-
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
18 814
2 068
621
719
After tax
-13 314
3 432
4 879
4 781
Living cost
27 233
27 233
27 233
27 233
Free-cash
-40 547
-23 801
-22 354
-22 452

Estimated living cost  is ₴27233 per week

₴18510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6299
-₴7713
-₴13147
-₴7643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 619
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
2 444
Employee
15 027
-
4 287
-
surtax
-
-
-
-
income
2 675
-
747
-
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.

1 653
-
554
-
total
4 328
-
1 301
-
Employer
15 027
-
4 287
-
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.

3 620
-
1 213
-
total
3 620
-
1 213
-
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
7 948
1 100
2 514
2 444
After tax
-2 448
4 400
2 986
3 056
Living cost
10 699
10 699
10 699
10 699
Free-cash
-13 147
-6 299
-7 713
-7 643

Estimated living cost  is ₴10699 per week

₴6826
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.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴42682
-₴45569
-₴45569
-₴18374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
844
income
-
-
-
495
pensions
-
-
-
991
total
-
-
-
2 330
Employee
43 917
43 917
43 917
-
income

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

7 188
7 188
7 188
-
pensions
7 905
6 025
7 905
-
health
6 741
5 734
6 741
-
total
21 834
18 947
21 834
-
Employer
43 917
43 917
43 917
-
unemployment
1 581
1 581
1 581
-
pensions
3 057
3 057
3 057
-
health
3 053
3 053
3 053
-
total
7 691
7 691
7 691
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
29 525
26 638
29 525
2 330
After tax
-24 025
-21 138
-24 025
3 170
Living cost
21 544
21 544
21 544
21 544
Free-cash
-45 569
-42 682
-45 569
-18 374

Estimated living cost  is ₴21544 per week

₴15267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18463
-₴18528
-₴34696
-₴18725
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
343
national
-
-
-
-
pensions
-
-
-
595
unemployment
-
-
-
6
other
-
-
-
639
accident
-
-
-
11
municipal
-
-
-
1 165
total
-
-
-
2 759
Employee
30 587
-
4 185
-
national
-
-
-
-
municipal
9 121
-
1 248
-
total
9 121
-
1 248
-
Employer
30 587
-
4 185
-
unemployment
807
-
111
-
pensions
3 306
-
452
-
accident
61
-
8
-
other
3 554
-
486
-
health
1 881
-
257
-
total
9 609
-
1 314
-
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
18 730
2 497
2 562
2 759
After tax
-13 230
3 003
2 938
2 741
Living cost
21 466
21 466
21 466
21 466
Free-cash
-34 696
-18 463
-18 528
-18 725

Estimated living cost  is ₴21466 per week

₴14227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2106
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17317
-₴18216
-₴20580
-₴18216
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 513
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.

-
-
-
-
trade
-
-
-
-
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
-
-
-
3 513
Employee

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

26 080
-
5 500
-
surtax

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

123
-
-
-
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.

2 241
-
-
-
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.

3 513
-
3 513
-
total
5 877
-
3 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
905
-
-
chamber of commerce
-
86
-
-
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.

-
45
-
-
income
-
825
-
-
total
-
1 861
-
-
Dividends
-
3 640
-
-
withholding
-
714
-
-
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
-
-
total
-
753
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 877
2 614
3 513
3 513
After tax
-377
2 886
1 987
1 987
Living cost
20 203
20 203
20 203
20 203
Free-cash
-20 580
-17 317
-18 216
-18 216

Estimated living cost  is ₴20203 per week

₴13512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2130
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.
₴4259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22809
-₴18313
-₴19998
-₴14729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 550
health
-
-
-
499
social contributions
-
-
-
3 050
income
-
-
-
-
total
-
-
-
3 549
Employee
39 545
39 545
39 545
-
income
4 153
3 661
4 446
-
social contributions
1 922
3 282
1 107
-
health
393
672
226
-
total
6 468
7 615
5 779
-
Employer
39 545
39 545
39 545
-
social contributions
1 922
3 282
1 107
-
health
428
732
247
-
total
2 350
4 014
1 354
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 818
11 629
7 133
3 549
After tax
-3 318
-6 129
-1 633
1 951
Living cost
16 680
16 680
16 680
16 680
Free-cash
-19 998
-22 809
-18 313
-14 729

Estimated living cost  is ₴16680 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6565
-₴6289
-₴10649
-₴5552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
385
income
-
-
-
672
pensions
-
-
-
550
unemployment
-
-
-
83
total
-
-
-
1 690
Employee

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

The minimum wage is 138,000 HUF per month.

13 515
5 379
5 379
-
unemployment
203
81
69
-
income
1 652
658
679
-
pensions
1 351
538
460
-
health
946
377
322
-
total
4 152
1 654
1 530
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 515
5 379
5 379
-
pensions
2 635
1 049
897
-
total
2 635
1 049
897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
social contributions
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
6 787
2 703
2 427
1 690
After tax
-1 287
2 797
3 073
3 810
Living cost
9 362
9 362
9 362
9 362
Free-cash
-10 649
-6 565
-6 289
-5 552

Estimated living cost  is ₴9362 per week

₴6389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8022
-₴9112
-₴14020
-₴8854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
761
income
-
-
-
-
pensions
-
-
-
1 171
total
-
-
-
1 932
Employee
14 589
-
3 521
-
unemployment
233
-
94
-
income
1 642
-
-
-
pensions
292
-
117
-
total
2 167
-
211
-
Employer
14 589
-
3 521
-
unemployment
117
-
47
-
pensions
2 918
-
1 171
-
health
1 896
-
761
-
total
4 931
-
1 979
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
total
-
1 100
-
-
Dividends
-
4 400
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 098
1 100
2 190
1 932
After tax
-1 598
4 400
3 310
3 568
Living cost
12 422
12 422
12 422
12 422
Free-cash
-14 020
-8 022
-9 112
-8 854

Estimated living cost  is ₴12422 per week

₴8520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10937
-₴8479
-₴16055
-₴9824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 128
income
-
-
-
337
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
3 941
Employee
17 906
-
4 569
-
income
2 456
-
627
-
pensions
2 016
-
515
-
health
2 050
-
523
-
total
6 522
-
1 665
-
Employer
17 906
-
4 569
-
unemployment
439
-
112
-
pensions
2 912
-
743
-
accident
299
-
76
-
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
10 172
5 054
2 596
3 941
After tax
-4 672
446
2 904
1 559
Living cost
11 383
11 383
11 383
11 383
Free-cash
-16 055
-10 937
-8 479
-9 824

Estimated living cost  is ₴11383 per week

₴8343
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
₴960
₴135
₴161
₴1180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 331
-
5 500
-
income
1 066
-
1 100
-
total
1 066
-
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%.

169
5 500
-
-
total
-
-
-
-
Dividends
169
5 500
-
-
withholding
8
275
-
-
total
8
275
-
-
Income
5 500
5 500
5 500
5 500
Total tax
1 074
275
1 100
55
After tax
4 426
5 225
4 400
5 445
Living cost
4 265
4 265
4 265
4 265
Free-cash
161
960
135
1 180

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9662
-₴10515
-₴17879
-₴10747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
246
income
-
-
-
693
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.

-
-
-
1 340
other
-
-
-
265
total
-
-
-
2 544
Employee
18 673
-
4 345
-
unemployment
186
-
44
-
income
3 215
-
748
-
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.

1 307
-
304
-
health
262
-
61
-
total
4 970
-
1 157
-
Employer
18 673
-
4 345
-
unemployment
186
-
44
-
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.

3 175
-
739
-
accident
149
-
35
-
other
934
-
276
-
health
262
-
61
-
total
4 706
-
1 155
-
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
9 676
1 459
2 312
2 544
After tax
-4 176
4 041
3 188
2 956
Living cost
13 703
13 703
13 703
13 703
Free-cash
-17 879
-9 662
-10 515
-10 747

Estimated living cost  is ₴13703 per week

₴9682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴30188
-₴29991
-₴49695
-₴29909
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 100
pensions
-
-
-
-
total
-
-
-
1 100
Employee
48 542
-
5 397
-
income
8 750
-
1 079
-
pensions
4 683
-
-
-
health
800
-
-
-
total
14 233
-
1 079
-
Employer
48 542
-
5 397
-
pensions
5 731
-
-
-
health
922
-
103
-
total
6 653
-
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
20 886
1 379
1 182
1 100
After tax
-15 386
4 121
4 318
4 400
Living cost
34 309
34 309
34 309
34 309
Free-cash
-49 695
-30 188
-29 991
-29 909

Estimated living cost  is ₴34309 per week

₴25708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2024
-₴3256
-₴5156
-₴3521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
633
income
-
-
-
825
pensions

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

-
-
-
814
unemployment
-
-
-
22
total
-
-
-
2 294
Employee
8 908
-
4 598
-
income
891
-
460
-
accident

We are using the highest rate at 1.1%.

98
-
51
-
pensions

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

782
-
404
-
health
410
-
212
-
total
2 181
-
1 127
-
Employer
8 908
-
4 598
-
unemployment
53
-
27
-
pensions

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

982
-
507
-
accident

We are using the highest rate at 1.1%.

98
-
51
-
health
615
-
317
-
total
1 748
-
902
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
withholding
-
247
-
-
total
-
247
-
-
Income
5 500
5 500
5 500
5 500
Total tax
3 929
797
2 029
2 294
After tax
1 571
4 703
3 471
3 206
Living cost
6 727
6 727
6 727
6 727
Free-cash
-5 156
-2 024
-3 256
-3 521

Estimated living cost  is ₴6727 per week

₴3928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2141
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴49655
-₴52542
-₴50526
-₴25347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
844
income
-
-
-
495
pensions
-
-
-
991
total
-
-
-
2 330
Employee
47 680
43 917
43 917
-
income

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

7 188
7 188
7 188
-
pensions
6 025
6 025
7 905
-
health
5 948
5 734
6 741
-
total
19 161
18 947
21 834
-
Employer
47 680
43 917
43 917
-
unemployment
1 717
1 581
1 581
-
pensions
3 318
3 057
3 057
-
health
3 313
3 053
3 053
-
total
8 348
7 691
7 691
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
27 509
26 638
29 525
2 330
After tax
-22 009
-21 138
-24 025
3 170
Living cost
28 517
28 517
28 517
28 517
Free-cash
-50 526
-49 655
-52 542
-25 347

Estimated living cost  is ₴28517 per week

₴21036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8901
-₴9897
-₴19503
-₴10009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
742
social contributions
-
-
-
1 606
income
-
-
-
473
solidarity contribution
-
-
-
-
total
-
-
-
2 821
Employee
18 659
-
4 104
-
income
2 239
-
493
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
267
-
health
2 519
-
554
-
total
5 971
-
1 314
-
Employer
18 659
-
4 104
-
social contributions
4 665
-
1 026
-
health
1 679
-
369
-
total
6 344
-
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
12 315
1 713
2 709
2 821
After tax
-6 815
3 787
2 791
2 679
Living cost
12 688
12 688
12 688
12 688
Free-cash
-19 503
-8 901
-9 897
-10 009

Estimated living cost  is ₴12688 per week

₴8814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18766
-₴21493
-₴40205
-₴20565
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
3 986
national
-
-
-
348
regional
-
-
-
19
municipal
-
-
-
12
total
-
-
-
4 365
Employee
45 705
-
5 500
-
regional
431
-
3
-
national
7 920
-
63
-
municipal
242
-
2
-
social contributions
15 412
-
5 225
-
total
24 005
-
5 293
-
Employer
45 705
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
nationa
-
1 320
-
-
municipal
-
215
-
-
total
-
1 535
-
-
Dividends
-
3 965
-
-
withholding
-
1 031
-
-
total
-
1 031
-
-
Income
5 500
5 500
5 500
5 500
Total tax
24 005
2 566
5 293
4 365
After tax
-18 505
2 934
207
1 135
Living cost
21 700
21 700
21 700
21 700
Free-cash
-40 205
-18 766
-21 493
-20 565

Estimated living cost  is ₴21700 per week

₴15127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7889
-₴8991
-₴15087
-₴8531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
488
income
-
-
-
705
pensions
-
-
-
1 373
unemployment
-
-
-
117
other
-
-
-
-
surtax
-
-
-
-
total
-
-
-
2 683
Employee
17 007
-
4 056
-
surtax
56
-
-
-
unemployment
1 184
-
477
-
income
2 851
-
589
-
pensions
1 134
-
458
-
health
434
-
175
-
other
-
-
-
-
total
5 659
-
1 699
-
Employer
17 007
-
4 056
-
unemployment
539
-
218
-
pensions
2 267
-
914
-
other
-
-
-
-
health
774
-
312
-
total
3 580
-
1 444
-
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
9 239
2 041
3 143
2 683
After tax
-3 739
3 459
2 357
2 817
Living cost
11 348
11 348
11 348
11 348
Free-cash
-15 087
-7 889
-8 991
-8 531

Estimated living cost  is ₴11348 per week

₴6939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1047
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19318
-₴19121
-₴31171
-₴19039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 100
pensions
-
-
-
-
total
-
-
-
1 100
Employee
32 531
-
5 397
-
income
5 859
-
1 079
-
pensions
2 761
-
-
-
health
472
-
-
-
total
9 092
-
1 079
-
Employer
32 531
-
5 397
-
pensions
3 522
-
-
-
health
618
-
103
-
total
4 140
-
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
13 232
1 379
1 182
1 100
After tax
-7 732
4 121
4 318
4 400
Living cost
23 439
23 439
23 439
23 439
Free-cash
-31 171
-19 318
-19 121
-19 039

Estimated living cost  is ₴23439 per week

₴17560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴39182
-₴38603
-₴47943
-₴37006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
136
national
-
-
-
-
pensions
-
-
-
507
regional
-
-
-
-
city
-
-
-
57
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
-
-
-
810
Employee
48 795
-
4 227
-
regional
1 598
-
-
-
national
231
-
-
-
unemployment
-
-
-
-
pensions
4 099
-
1 133
-
health
110
-
10
-
city
524
-
36
-
total
6 562
-
1 179
-
Employer
48 795
-
4 227
-
unemployment
-
-
-
-
pensions
4 099
-
1 133
-
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.

976
-
85
-
health
110
-
10
-
total
5 185
-
1 228
-
Corporate
-
5 500
-
-
national
-
468
-
-
regional
-
1 163
-
-
total
-
1 631
-
-
Dividends
-
3 869
-
-
withholding
-
1 355
-
-
total
-
1 355
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 747
2 986
2 407
810
After tax
-6 247
2 514
3 093
4 690
Living cost
41 696
41 696
41 696
41 696
Free-cash
-47 943
-39 182
-38 603
-37 006

Estimated living cost  is ₴41696 per week

₴27114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴20703
-₴21572
-₴25406
-₴21572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 513
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.

-
-
-
-
trade
-
-
-
-
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
-
-
-
3 513
Employee

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

30 907
-
5 500
-
surtax

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

200
-
-
-
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.

3 634
-
-
-
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.

3 513
-
3 513
-
total
7 347
-
3 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
944
-
-
chamber of commerce
-
86
-
-
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.

-
45
-
-
income
-
825
-
-
total
-
1 900
-
-
Dividends
-
3 601
-
-
withholding
-
705
-
-
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
-
-
total
-
744
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 347
2 644
3 513
3 513
After tax
-1 847
2 856
1 987
1 987
Living cost
23 559
23 559
23 559
23 559
Free-cash
-25 406
-20 703
-21 572
-21 572

Estimated living cost  is ₴23559 per week

₴17207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1885
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.
₴4162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14822
-₴13997
-₴23384
-₴14799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
137
social contributions
-
-
-
157
income
-
-
-
-
pensions
-
-
-
2 239
other
-
-
-
171
surtax
-
-
-
-
total
-
-
-
2 704
Employee
22 010
-
4 190
-
surtax
-
-
-
-
income
1 299
-
-
-
social contributions
628
-
119
-
pensions
2 489
-
473
-
total
4 416
-
592
-
Employer
22 010
-
4 190
-
unemployment
891
-
170
-
pensions
3 616
-
689
-
social contributions
66
-
13
-
other
759
-
144
-
health
1 541
-
294
-
total
6 873
-
1 310
-
Corporate
-
5 500
-
-
surtax
-
-
-
-
income
-
1 540
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
withholding
-
507
-
-
surtax
-
-
-
-
social contributions
-
680
-
-
total
-
1 187
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 289
2 727
1 902
2 704
After tax
-5 789
2 773
3 598
2 796
Living cost
17 595
17 595
17 595
17 595
Free-cash
-23 384
-14 822
-13 997
-14 799

Estimated living cost  is ₴17595 per week

₴11094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
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.
₴4771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13079
-₴12254
-₴20282
-₴13056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
137
social contributions
-
-
-
157
income
-
-
-
-
pensions
-
-
-
2 239
other
-
-
-
171
surtax
-
-
-
-
total
-
-
-
2 704
Employee
19 647
-
4 190
-
surtax
-
-
-
-
income
1 013
-
-
-
social contributions
560
-
119
-
pensions
2 222
-
473
-
total
3 795
-
592
-
Employer
19 647
-
4 190
-
unemployment
795
-
170
-
pensions
3 228
-
689
-
social contributions
59
-
13
-
other
678
-
144
-
health
1 375
-
294
-
total
6 135
-
1 310
-
Corporate
-
5 500
-
-
surtax
-
-
-
-
income
-
1 540
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
withholding
-
507
-
-
surtax
-
-
-
-
social contributions
-
680
-
-
total
-
1 187
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 930
2 727
1 902
2 704
After tax
-4 430
2 773
3 598
2 796
Living cost
15 852
15 852
15 852
15 852
Free-cash
-20 282
-13 079
-12 254
-13 056

Estimated living cost  is ₴15852 per week

₴9193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7815
-₴7316
-₴13288
-₴7581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
454
social contributions
-
-
-
897
income
-
-
-
825
total
-
-
-
2 176
Employee
17 437
-
5 500
-
income
2 908
-
560
-
social contributions
2 407
-
897
-
health
1 217
-
454
-
total
6 532
-
1 911
-
Employer
17 437
-
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
-
-
withholding
-
784
-
-
social contributions
897
897
-
-
health
454
454
-
-
total
1 351
2 135
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 883
2 410
1 911
2 176
After tax
-2 383
3 090
3 589
3 324
Living cost
10 905
10 905
10 905
10 905
Free-cash
-13 288
-7 815
-7 316
-7 581

Estimated living cost  is ₴10905 per week

₴7298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
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.
₴2683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24332
-₴19116
-₴28185
-₴17337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
421
chamber of commerce
-
-
-
22
income
-
-
-
-
pensions
-
-
-
1 018
unemployment
-
-
-
3 154
surtax
-
-
-
101
total
-
-
-
4 716
Employee
25 701
20 494
20 494
-
unemployment
771
615
154
-
income
2 926
1 512
2 408
-
pensions
2 632
2 098
525
-
health
994
793
198
-
other
257
205
52
-
total
7 580
5 223
3 337
-
Employer
25 701
20 494
20 494
-
chamber of commerce
102
82
82
-
surtax
101
101
101
-
payroll
771
615
615
-
unemployment
771
615
154
-
pensions
3 225
2 573
644
-
accident
334
266
37
-
other
1 221
973
843
-
health
971
775
194
-
total
7 496
6 000
2 670
-
Corporate
1 952
1 952
1 952
-
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.

488
488
488
-
total
488
488
488
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 564
11 711
6 495
4 716
After tax
-10 064
-6 211
-995
784
Living cost
18 121
18 121
18 121
18 121
Free-cash
-28 185
-24 332
-19 116
-17 337

Estimated living cost  is ₴18121 per week

₴12086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
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.
₴4192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15499
-₴16197
-₴41995
-₴16826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
167
social contributions
-
-
-
2 711
national
-
-
-
697
total
-
-
-
3 575
Employee

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

36 786
-
4 260
-
national
11 310
-
926
-
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.

320
-
37
-
communal

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

1 919
-
223
-
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.

2 759
-
319
-
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.

1 728
-
200
-
total
18 036
-
1 705
-
Employer

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

36 786
-
4 260
-
surtax
4 171
-
482
-
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.

537
-
62
-
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.

3 260
-
378
-
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.

478
-
56
-
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.

2 262
-
263
-
total
10 708
-
1 241
-
Corporate
-
5 500
-
-
surtax
-
22
-
-
income
-
1 100
-
-
total
-
1 122
-
-
Dividends
-
4 378
-
-
withholding

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

-
1 126
-
-
total
-
1 126
-
-
Income
5 500
5 500
5 500
5 500
Total tax
28 744
2 248
2 946
3 575
After tax
-23 244
3 252
2 554
1 925
Living cost
18 751
18 751
18 751
18 751
Free-cash
-41 995
-15 499
-16 197
-16 826

Estimated living cost  is ₴18751 per week

₴12078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14786
-₴19640
-₴28259
-₴16806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
pensions
-
-
-
3 130
unemployment
-
-
-
77
other
-
-
-
11
accident
-
-
-
100
total
-
-
-
3 733
Employee
25 599
-
25
-
unemployment
397
-
266
-
income
5 401
-
-
-
pensions
1 203
-
807
-
other
25
-
18
-
total
7 026
-
1 091
-
Employer
25 599
-
25
-
unemployment
1 408
-
945
-
pensions
6 041
-
4 053
-
accident
507
-
340
-
other
204
-
138
-
total
8 160
-
5 476
-
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
15 186
1 713
6 567
3 733
After tax
-9 686
3 787
-1 067
1 767
Living cost
18 573
18 573
18 573
18 573
Free-cash
-28 259
-14 786
-19 640
-16 806

Estimated living cost  is ₴18573 per week

₴13677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1318
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.
₴3310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24186
-₴28421
-₴38098
-₴28419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 835
communal
-
-
-
-
income
-
-
-
-
pensions
-
-
-
3 915
surtax
-
-
-
-
accident
-
-
-
221
total
-
-
-
5 971
Employee
38 945
-
2 575
-
surtax
2 387
-
-
-
income
3 762
-
-
-
pensions
3 115
-
1 958
-
health
1 733
-
1 089
-
total
10 997
-
3 047
-
Employer
38 945
-
2 575
-
pensions
3 115
-
1 958
-
accident
350
-
221
-
health
1 188
-
747
-
total
4 653
-
2 926
-
Corporate
-
5 500
-
-
surtax
-
58
-
-
income
-
825
-
-
communal
-
-
-
-
total
-
883
-
-
Dividends
-
4 618
-
-
withholding
-
693
-
-
income
-
162
-
-
total
-
855
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 650
1 738
5 973
5 971
After tax
-10 150
3 762
-473
-471
Living cost
27 948
27 948
27 948
27 948
Free-cash
-38 098
-24 186
-28 421
-28 419

Estimated living cost  is ₴27948 per week

₴20965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1693
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8092
-₴9194
-₴15463
-₴8734
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
488
income
-
-
-
705
pensions
-
-
-
1 373
unemployment
-
-
-
117
other
-
-
-
-
surtax
-
-
-
-
total
-
-
-
2 683
Employee
17 319
-
4 056
-
surtax
61
-
-
-
unemployment
1 205
-
477
-
income
2 903
-
589
-
pensions
1 155
-
458
-
health
442
-
175
-
other
-
-
-
-
total
5 766
-
1 699
-
Employer
17 319
-
4 056
-
unemployment
549
-
218
-
pensions
2 309
-
914
-
other
-
-
-
-
health
788
-
312
-
total
3 646
-
1 444
-
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
9 412
2 041
3 143
2 683
After tax
-3 912
3 459
2 357
2 817
Living cost
11 551
11 551
11 551
11 551
Free-cash
-15 463
-8 092
-9 194
-8 734

Estimated living cost  is ₴11551 per week

₴6974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10962
-₴13649
-₴23028
-₴12729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
3 986
national
-
-
-
348
regional
-
-
-
30
municipal
-
-
-
12
total
-
-
-
4 376
Employee
28 527
-
5 500
-
regional
384
-
6
-
national
4 520
-
63
-
municipal
151
-
2
-
social contributions
9 620
-
5 225
-
total
14 675
-
5 296
-
Employer
28 527
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
nationa
-
1 320
-
-
municipal
-
273
-
-
total
-
1 593
-
-
Dividends
-
3 906
-
-
withholding
-
1 016
-
-
total
-
1 016
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 675
2 609
5 296
4 376
After tax
-9 175
2 891
204
1 124
Living cost
13 853
13 853
13 853
13 853
Free-cash
-23 028
-10 962
-13 649
-12 729

Estimated living cost  is ₴13853 per week

₴8615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11848
-₴12844
-₴25310
-₴12956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
742
social contributions
-
-
-
1 606
income
-
-
-
473
solidarity contribution
-
-
-
-
total
-
-
-
2 821
Employee
22 993
-
4 104
-
income
2 759
-
493
-
solidarity contribution
-
-
-
-
social contributions
1 495
-
267
-
health
3 104
-
554
-
total
7 358
-
1 314
-
Employer
22 993
-
4 104
-
social contributions
5 748
-
1 026
-
health
2 069
-
369
-
total
7 817
-
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
15 175
1 713
2 709
2 821
After tax
-9 675
3 787
2 791
2 679
Living cost
15 635
15 635
15 635
15 635
Free-cash
-25 310
-11 848
-12 844
-12 956

Estimated living cost  is ₴15635 per week

₴11628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22517
-₴17302
-₴23937
-₴15522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
421
chamber of commerce
-
-
-
22
income
-
-
-
-
pensions
-
-
-
1 018
unemployment
-
-
-
3 154
surtax
-
-
-
-
total
-
-
-
4 615
Employee
22 480
20 494
20 494
-
unemployment
674
615
154
-
income
2 003
1 512
2 408
-
pensions
2 302
2 098
525
-
health
870
793
198
-
other
224
205
52
-
total
6 073
5 223
3 337
-
Employer
22 480
20 494
20 494
-
chamber of commerce
90
82
82
-
surtax
-
-
-
-
payroll
674
615
615
-
unemployment
674
615
154
-
pensions
2 821
2 573
644
-
accident
292
266
38
-
other
1 068
973
843
-
health
850
775
194
-
total
6 469
5 899
2 570
-
Corporate
1 952
1 952
1 952
-
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.

488
488
488
-
total
488
488
488
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
13 030
11 610
6 395
4 615
After tax
-7 530
-6 110
-895
885
Living cost
16 407
16 407
16 407
16 407
Free-cash
-23 937
-22 517
-17 302
-15 522

Estimated living cost  is ₴16407 per week

₴9842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1421
-₴2246
-₴2808
-₴1201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 307
-
5 500
-
income
1 662
-
1 100
-
total
1 662
-
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
1 662
275
1 100
55
After tax
3 838
5 225
4 400
5 445
Living cost
6 646
6 646
6 646
6 646
Free-cash
-2 808
-1 421
-2 246
-1 201

Estimated living cost  is ₴6646 per week

₴4497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10008
-₴10680
-₴20783
-₴10478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
541
income
-
-
-
631
pensions
-
-
-
1 004
unemployment
-
-
-
8
total
-
-
-
2 184
Employee

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

22 741
-
4 758
-
unemployment
32
-
7
-
income
3 922
-
593
-
pensions
3 525
-
738
-
health
1 469
-
307
-
total
8 948
-
1 645
-
Employer

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

22 741
-
4 758
-
unemployment
14
-
3
-
pensions
2 012
-
421
-
health
1 515
-
317
-
total
3 541
-
741
-
Corporate
-
5 500
-
-
income
-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
669
-
-
total
-
669
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 489
1 714
2 386
2 184
After tax
-6 989
3 786
3 114
3 316
Living cost
13 794
13 794
13 794
13 794
Free-cash
-20 783
-10 008
-10 680
-10 478

Estimated living cost  is ₴13794 per week

₴9467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
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.
₴3177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20381
-₴25461
-₴76490
-₴19926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
627
income
-
-
-
1 072
total
-
-
-
1 699
Employee
34 021
-
-
-
income
7 504
-
-
-
social contributions
2 790
-
398
-
total
10 294
-
398
-
Employer
34 021
-
-
-
social contributions
47 969
-
6 836
-
total
47 969
-
6 836
-
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
58 263
2 154
7 234
1 699
After tax
-52 763
3 346
-1 734
3 801
Living cost
23 727
23 727
23 727
23 727
Free-cash
-76 490
-20 381
-25 461
-19 926

Estimated living cost  is ₴23727 per week

₴15395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2231
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.
₴5798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13003
-₴12749
-₴23770
-₴12863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
1 911
income
-
-
-
321
surtax
-
-
-
-
total
-
-
-
2 232
Employee
23 653
-
4 444
-
surtax
-
-
-
-
income
4 920
-
574
-
social contributions
2 602
-
489
-
total
7 522
-
1 063
-
Employer
23 653
-
4 444
-
social contributions
5 617
-
1 055
-
total
5 617
-
1 055
-
Corporate
-
5 500
-
-
surtax
-
-
-
-
income
-
1 155
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 217
-
-
total
-
1 217
-
-
Income
5 500
5 500
5 500
5 500
Total tax
13 139
2 372
2 118
2 232
After tax
-7 639
3 128
3 382
3 268
Living cost
16 131
16 131
16 131
16 131
Free-cash
-23 770
-13 003
-12 749
-12 863

Estimated living cost  is ₴16131 per week

₴12069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22066
-₴21241
-₴36769
-₴22043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
137
social contributions
-
-
-
157
income
-
-
-
-
pensions
-
-
-
2 239
other
-
-
-
171
surtax
-
-
-
-
total
-
-
-
2 704
Employee
32 210
-
4 190
-
surtax
-
-
-
-
income
2 810
-
-
-
social contributions
917
-
119
-
pensions
3 643
-
473
-
total
7 370
-
592
-
Employer
32 210
-
4 190
-
unemployment
1 305
-
170
-
pensions
5 292
-
689
-
social contributions
97
-
13
-
other
1 112
-
144
-
health
2 254
-
294
-
total
10 060
-
1 310
-
Corporate
-
5 500
-
-
surtax
-
-
-
-
income
-
1 540
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
withholding
-
507
-
-
surtax
-
-
-
-
social contributions
-
680
-
-
total
-
1 187
-
-
Income
5 500
5 500
5 500
5 500
Total tax
17 430
2 727
1 902
2 704
After tax
-11 930
2 773
3 598
2 796
Living cost
24 839
24 839
24 839
24 839
Free-cash
-36 769
-22 066
-21 241
-22 043

Estimated living cost  is ₴24839 per week

₴16810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2032
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10509
-₴11007
-₴13596
-₴11169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 210
total
-
-
-
1 210
Employee
16 533
-
4 761
-
social contributions
1 074
-
309
-
income
-
-
-
-
total
1 074
-
309
-
Employer
16 533
-
4 761
-
social contributions
2 563
-
739
-
total
2 563
-
739
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
3 637
550
1 048
1 210
After tax
1 863
4 950
4 452
4 290
Living cost
15 459
15 459
15 459
15 459
Free-cash
-13 596
-10 509
-11 007
-11 169

Estimated living cost  is ₴15459 per week

₴9995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴106373
-₴106373
-₴106373
-₴20078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
404
national
-
-
-
-
pensions
-
-
-
445
municipal
-
-
-
-
total
-
-
-
849
Employee
104 374
104 374
104 374
-
national
12 751
12 751
12 751
-
labour market
8 338
8 338
8 338
-
municipal
22 226
22 226
22 226
-
pensions
148
148
148
-
total
43 463
43 463
43 463
-
Employer
104 374
104 374
104 374
-
national
12 773
12 773
12 773
-
pensions
297
297
297
-
labour market
8 350
8 350
8 350
-
municipal
22 261
22 261
22 261
-
total
43 681
43 681
43 681
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
87 144
87 144
87 144
849
After tax
-81 644
-81 644
-81 644
4 651
Living cost
24 729
24 729
24 729
24 729
Free-cash
-106 373
-106 373
-106 373
-20 078

Estimated living cost  is ₴24729 per week

₴16925
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10769
-₴8311
-₴15737
-₴9656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 128
income
-
-
-
337
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
3 941
Employee
17 642
-
4 569
-
income
2 420
-
627
-
pensions
1 987
-
515
-
health
2 020
-
523
-
total
6 427
-
1 665
-
Employer
17 642
-
4 569
-
unemployment
432
-
112
-
pensions
2 868
-
743
-
accident
295
-
76
-
total
3 595
-
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
10 022
5 054
2 596
3 941
After tax
-4 522
446
2 904
1 559
Living cost
11 215
11 215
11 215
11 215
Free-cash
-15 737
-10 769
-8 311
-9 656

Estimated living cost  is ₴11215 per week

₴8163
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
-₴15938
-₴16261
-₴26662
-₴15234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
-
national
-
-
-
-
municipal
-
-
-
990
total
-
-
-
990
Employee
27 057
-
4 626
-
national
447
-
-
-
unemployment
406
-
69
-
municipal
4 432
-
764
-
pensions
1 826
-
312
-
health
202
-
-
-
total
7 313
-
1 145
-
Employer
27 057
-
4 626
-
unemployment
176
-
30
-
pensions
4 694
-
802
-
accident
27
-
5
-
health
208
-
35
-
total
5 105
-
872
-
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
12 418
1 694
2 017
990
After tax
-6 918
3 806
3 483
4 510
Living cost
19 744
19 744
19 744
19 744
Free-cash
-26 662
-15 938
-16 261
-15 234

Estimated living cost  is ₴19744 per week

₴12897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1899
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.
₴4635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18036
-₴13540
-₴14342
-₴9956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 550
health
-
-
-
499
social contributions
-
-
-
3 050
income
-
-
-
-
total
-
-
-
3 549
Employee
39 545
39 545
39 545
-
income
4 306
3 661
4 446
-
social contributions
1 495
3 282
1 107
-
health
306
672
226
-
total
6 107
7 615
5 779
-
Employer
39 545
39 545
39 545
-
social contributions
1 495
3 282
1 107
-
health
333
732
247
-
total
1 828
4 014
1 354
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 935
11 629
7 133
3 549
After tax
-2 435
-6 129
-1 633
1 951
Living cost
11 907
11 907
11 907
11 907
Free-cash
-14 342
-18 036
-13 540
-9 956

Estimated living cost  is ₴11907 per week

₴7136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3611
-₴5957
-₴7519
-₴7844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 861
income
-
-
-
32
pensions
-
-
-
3 271
unemployment
-
-
-
15
total
-
-
-
5 179
Employee

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

11 804
-
4 577
-
unemployment
59
-
45
-
income
807
-
219
-
pensions
1 770
-
1 344
-
health
1 003
-
761
-
total
3 639
-
2 369
-
Employer

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

11 804
-
4 577
-
unemployment
59
-
45
-
pensions
649
-
493
-
health
507
-
385
-
total
1 215
-
923
-
Corporate
-
5 500
-
-
income
-
495
-
-
total
-
495
-
-
Dividends
-
5 005
-
-
withholding
-
451
-
-
total
-
451
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 854
946
3 292
5 179
After tax
646
4 554
2 208
321
Living cost
8 165
8 165
8 165
8 165
Free-cash
-7 519
-3 611
-5 957
-7 844

Estimated living cost  is ₴8165 per week

₴5210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10355
-₴15209
-₴19578
-₴12375
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
pensions
-
-
-
3 130
unemployment
-
-
-
77
other
-
-
-
11
accident
-
-
-
100
total
-
-
-
3 733
Employee
19 016
-
25
-
unemployment
295
-
266
-
income
3 666
-
-
-
pensions
894
-
807
-
other
19
-
18
-
total
4 874
-
1 091
-
Employer
19 016
-
25
-
unemployment
1 046
-
945
-
pensions
4 487
-
4 053
-
accident
377
-
340
-
other
152
-
138
-
total
6 062
-
5 476
-
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
10 936
1 713
6 567
3 733
After tax
-5 436
3 787
-1 067
1 767
Living cost
14 142
14 142
14 142
14 142
Free-cash
-19 578
-10 355
-15 209
-12 375

Estimated living cost  is ₴14142 per week

₴9546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2470
₴1980
₴2313
₴2048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
509
income
-
-
-
1 280
pensions
-
-
-
701
total
-
-
-
2 490
Employee
1 465
-
4 711
-
unemployment
15
-
35
-
income
283
-
1 243
-
pensions
132
-
316
-
health
73
-
175
-
total
503
-
1 769
-
Employer
1 465
-
4 711
-
unemployment
29
-
70
-
pensions
161
-
386
-
health
139
-
333
-
total
329
-
789
-
Corporate
3 706
5 500
-
-
income
815
1 210
-
-
total
815
1 210
-
-
Dividends
2 891
4 290
-
-
withholding
578
858
-
-
total
578
858
-
-
Income
5 500
5 500
5 500
5 500
Total tax
2 225
2 068
2 558
2 490
After tax
3 275
3 432
2 942
3 010
Living cost
962
962
962
962
Free-cash
2 313
2 470
1 980
2 048

Estimated living cost  is ₴962 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
-₴4897
-₴5355
-₴10271
-₴5641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
567
income
-
-
-
190
pensions
-
-
-
1 430
unemployment
-
-
-
83
total
-
-
-
2 270
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.

13 377
-
4 665
-
unemployment
100
-
35
-
income
1 844
-
221
-
pensions
1 873
-
653
-
health
689
-
240
-
total
4 506
-
1 149
-
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.

13 377
-
4 665
-
unemployment
100
-
35
-
pensions
1 605
-
560
-
health
689
-
240
-
total
2 394
-
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
6 900
1 526
1 984
2 270
After tax
-1 400
3 974
3 516
3 230
Living cost
8 871
8 871
8 871
8 871
Free-cash
-10 271
-4 897
-5 355
-5 641

Estimated living cost  is ₴8871 per week

₴5973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10736
-₴10482
-₴19200
-₴10596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
1 911
income
-
-
-
321
surtax
-
-
-
-
total
-
-
-
2 232
Employee
19 960
-
4 444
-
surtax
-
-
-
-
income
3 900
-
574
-
social contributions
2 196
-
489
-
total
6 096
-
1 063
-
Employer
19 960
-
4 444
-
social contributions
4 740
-
1 055
-
total
4 740
-
1 055
-
Corporate
-
5 500
-
-
surtax
-
-
-
-
income
-
1 155
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 217
-
-
total
-
1 217
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 836
2 372
2 118
2 232
After tax
-5 336
3 128
3 382
3 268
Living cost
13 864
13 864
13 864
13 864
Free-cash
-19 200
-10 736
-10 482
-10 596

Estimated living cost  is ₴13864 per week

₴9820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴2836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14287
-₴19141
-₴27256
-₴16307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
pensions
-
-
-
3 130
unemployment
-
-
-
77
other
-
-
-
11
accident
-
-
-
100
total
-
-
-
3 733
Employee
24 837
-
25
-
unemployment
385
-
266
-
income
5 188
-
-
-
pensions
1 167
-
807
-
other
24
-
18
-
total
6 764
-
1 091
-
Employer
24 837
-
25
-
unemployment
1 366
-
945
-
pensions
5 861
-
4 053
-
accident
492
-
340
-
other
199
-
138
-
total
7 918
-
5 476
-
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
14 682
1 713
6 567
3 733
After tax
-9 182
3 787
-1 067
1 767
Living cost
18 074
18 074
18 074
18 074
Free-cash
-27 256
-14 287
-19 141
-16 307

Estimated living cost  is ₴18074 per week

₴12980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4124
-₴5356
-₴8481
-₴5621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
633
income
-
-
-
825
pensions

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

-
-
-
814
unemployment
-
-
-
22
total
-
-
-
2 294
Employee
11 688
-
4 598
-
income
1 169
-
460
-
accident

We are using the highest rate at 1.1%.

128
-
51
-
pensions

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

1 026
-
404
-
health
538
-
212
-
total
2 861
-
1 127
-
Employer
11 688
-
4 598
-
unemployment
70
-
27
-
pensions

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

1 288
-
507
-
accident

We are using the highest rate at 1.1%.

128
-
51
-
health
807
-
317
-
total
2 293
-
902
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
withholding
-
247
-
-
total
-
247
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 154
797
2 029
2 294
After tax
346
4 703
3 471
3 206
Living cost
8 827
8 827
8 827
8 827
Free-cash
-8 481
-4 124
-5 356
-5 621

Estimated living cost  is ₴8827 per week

₴5838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16886
-₴17868
-₴20088
-₴17868
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 513
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.

-
-
-
-
trade
-
-
-
-
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
-
-
-
3 513
Employee

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

25 588
-
5 500
-
surtax

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

116
-
-
-
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.

2 104
-
-
-
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.

3 513
-
3 513
-
total
5 733
-
3 513
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
790
-
-
chamber of commerce
-
86
-
-
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.

-
45
-
-
income
-
825
-
-
total
-
1 746
-
-
Dividends
-
3 755
-
-
withholding
-
744
-
-
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
-
-
total
-
785
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 733
2 531
3 513
3 513
After tax
-233
2 969
1 987
1 987
Living cost
19 855
19 855
19 855
19 855
Free-cash
-20 088
-16 886
-17 868
-17 868

Estimated living cost  is ₴19855 per week

₴13696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25444
-₴23795
-₴34728
-₴23795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-24
social contributions
-
-
-
24
total
-
-
-
-
Employee
40 228
-
5 500
-
social contributions
3 342
-
24
-
income
7 591
-
-24
-
total
10 933
-
-
-
Employer
40 228
-
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
10 933
1 649
-
-
After tax
-5 433
3 851
5 500
5 500
Living cost
29 295
29 295
29 295
29 295
Free-cash
-34 728
-25 444
-23 795
-23 795

Estimated living cost  is ₴29295 per week

₴22287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16628
-₴14956
-₴21991
-₴31008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 201
income
-
-
-
14 639
total
-
-
-
17 840
Employee
23 592
-
4 606
-
social contributions
2 364
-
894
-
income
2 560
-
-
-
total
4 924
-
894
-
Employer
23 592
-
4 606
-
social contributions
2 364
-
894
-
total
2 364
-
894
-
Corporate
-
5 500
-
-
income
-
1 925
-
-
total
-
1 925
-
-
Dividends
-
3 575
-
-
social contributions
1 535
1 535
-
-
total
1 535
1 535
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 823
3 460
1 788
17 840
After tax
-3 323
2 040
3 712
-12 340
Living cost
18 668
18 668
18 668
18 668
Free-cash
-21 991
-16 628
-14 956
-31 008

Estimated living cost  is ₴18668 per week

₴12297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴4613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14934
-₴14737
-₴23795
-₴14655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 100
pensions
-
-
-
-
total
-
-
-
1 100
Employee
26 156
-
5 397
-
income
4 763
-
1 079
-
pensions
1 996
-
-
-
health
341
-
-
-
total
7 100
-
1 079
-
Employer
26 156
-
5 397
-
pensions
2 643
-
-
-
health
497
-
103
-
total
3 140
-
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
10 240
1 379
1 182
1 100
After tax
-4 740
4 121
4 318
4 400
Living cost
19 055
19 055
19 055
19 055
Free-cash
-23 795
-14 934
-14 737
-14 655

Estimated living cost  is ₴19055 per week

₴13072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1752
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.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11879
-₴9421
-₴17839
-₴10766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 128
income
-
-
-
337
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
3 941
Employee
19 388
-
4 569
-
income
2 660
-
627
-
pensions
2 183
-
515
-
health
2 220
-
523
-
total
7 063
-
1 665
-
Employer
19 388
-
4 569
-
unemployment
475
-
112
-
pensions
3 152
-
743
-
accident
324
-
76
-
total
3 951
-
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
11 014
5 054
2 596
3 941
After tax
-5 514
446
2 904
1 559
Living cost
12 325
12 325
12 325
12 325
Free-cash
-17 839
-11 879
-9 421
-10 766

Estimated living cost  is ₴12325 per week

₴9045
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.
₴2313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2266
-₴3504
-₴5606
-₴3504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
28
income
-
-
-
550
health insurance
-
-
-
407
pensions
-
-
-
1 012
unemployment
-
-
-
66
total
-
-
-
2 063
Employee

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

11 105
-
5 500
-
unemployment
133
-
66
-
work injury
56
-
28
-
income
1 111
-
550
-
health insurance
822
-
407
-
pensions
2 043
-
1 012
-
total
4 165
-
2 063
-
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
4 165
825
2 063
2 063
After tax
1 335
4 675
3 437
3 437
Living cost
6 941
6 941
6 941
6 941
Free-cash
-5 606
-2 266
-3 504
-3 504

Estimated living cost  is ₴6941 per week

₴4300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17590
-₴20283
-₴37836
-₴19361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
3 986
national
-
-
-
348
regional
-
-
-
26
municipal
-
-
-
14
total
-
-
-
4 374
Employee
43 336
-
5 500
-
regional
654
-
5
-
national
7 323
-
63
-
municipal
259
-
3
-
social contributions
14 613
-
5 225
-
total
22 849
-
5 296
-
Employer
43 336
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
nationa
-
1 320
-
-
municipal
-
265
-
-
total
-
1 585
-
-
Dividends
-
3 914
-
-
withholding
-
1 018
-
-
total
-
1 018
-
-
Income
5 500
5 500
5 500
5 500
Total tax
22 849
2 603
5 296
4 374
After tax
-17 349
2 897
204
1 126
Living cost
20 487
20 487
20 487
20 487
Free-cash
-37 836
-17 590
-20 283
-19 361

Estimated living cost  is ₴20487 per week

₴14391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other 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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