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
-₴12074
-₴12862
-₴12862
-₴13420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
-
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.

-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 379
trade
-
-
-
-
total
-
-
-
3 379
Employee

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

18 920
-
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.

29
-
-
-
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.

529
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 379
-
3 379
-
total
3 937
-
3 379
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
surtax

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

-
45
-
-
chamber of commerce
-
83
-
-
trade
-
866
-
-
total
-
1 819
-
-
Dividends
-
3 681
-
-
surtax

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

-
40
-
-
withholding
-
732
-
-
total
-
772
-
-
Income
5 500
5 500
5 500
5 500
Total tax
3 937
2 591
3 379
3 379
After tax
1 563
2 909
2 121
2 121
Living cost
14 983
14 983
14 983
14 983
Free-cash
-13 420
-12 074
-12 862
-12 862

Estimated living cost  is ₴14983 per week

₴9425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-₴23003
-₴21587
-₴21654
-₴39198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
-
national
-
-
-
-
pensions
-
-
-
660
total
-
-
-
719
Employee
40 979
-
4 755
-
municipal
5 062
-
12
-
pensions
1 639
-
190
-
national
7 843
-
19
-
total
14 544
-
221
-
Employer
40 979
-
4 755
-
pensions
3 278
-
380
-
social contributions
441
-
51
-
total
3 719
-
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
18 263
2 068
652
719
After tax
-12 763
3 432
4 848
4 781
Living cost
26 435
26 435
26 435
26 435
Free-cash
-39 198
-23 003
-21 587
-21 654

Estimated living cost  is ₴26435 per week

₴17967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5891
-₴7251
-₴7173
-₴12436
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
1 557
microenterprise
-
-
-
825
total
-
-
-
2 382
Employee
14 454
-
4 333
-
surtax
-
-
-
-
social contributions

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

1 590
-
533
-
income
2 573
-
760
-
total
4 163
-
1 293
-
Employer
14 454
-
4 333
-
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.

3 482
-
1 167
-
surtax
-
-
-
-
total
3 482
-
1 167
-
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
7 645
1 100
2 460
2 382
After tax
-2 145
4 400
3 040
3 118
Living cost
10 291
10 291
10 291
10 291
Free-cash
-12 436
-5 891
-7 251
-7 173

Estimated living cost  is ₴10291 per week

₴6565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴40844
-₴43621
-₴17551
-₴43621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
495
health
-
-
-
844
pensions
-
-
-
990
total
-
-
-
2 329
Employee
42 243
42 243
42 243
-
pensions
7 604
5 796
7 604
-
income

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

6 914
6 914
6 914
-
health
6 484
5 515
6 484
-
total
21 002
18 225
21 002
-
Employer
42 243
42 243
42 243
-
health
2 936
2 936
2 936
-
pensions
2 940
2 940
2 940
-
unemployment
1 521
1 521
1 521
-
total
7 397
7 397
7 397
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
28 399
25 622
28 399
2 329
After tax
-22 899
-20 122
-22 899
3 171
Living cost
20 722
20 722
20 722
20 722
Free-cash
-43 621
-40 844
-43 621
-17 551

Estimated living cost  is ₴20722 per week

₴14685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴17232
-₴17297
-₴17493
-₴32392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
11
other
-
-
-
639
unemployment
-
-
-
5
health
-
-
-
343
municipal
-
-
-
1 165
national
-
-
-
-
pensions
-
-
-
595
total
-
-
-
2 758
Employee
28 833
-
4 185
-
municipal
8 598
-
1 248
-
national
-
-
-
-
total
8 598
-
1 248
-
Employer
28 833
-
4 185
-
health
1 773
-
257
-
pensions
3 117
-
452
-
accident
58
-
8
-
unemployment
761
-
111
-
other
3 350
-
486
-
total
9 059
-
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
17 657
2 497
2 562
2 758
After tax
-12 157
3 003
2 938
2 742
Living cost
20 235
20 235
20 235
20 235
Free-cash
-32 392
-17 232
-17 297
-17 493

Estimated living cost  is ₴20235 per week

₴13411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16553
-₴17312
-₴17312
-₴19585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
-
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.

-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 379
trade
-
-
-
-
total
-
-
-
3 379
Employee

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

25 086
-
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.

118
-
-
-
income

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

2 155
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 379
-
3 379
-
total
5 652
-
3 379
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
surtax

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

-
45
-
-
chamber of commerce
-
83
-
-
trade
-
905
-
-
total
-
1 858
-
-
Dividends
-
3 642
-
-
surtax

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

-
39
-
-
withholding
-
723
-
-
total
-
762
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 652
2 620
3 379
3 379
After tax
-152
2 880
2 121
2 121
Living cost
19 433
19 433
19 433
19 433
Free-cash
-19 585
-16 553
-17 312
-17 312

Estimated living cost  is ₴19433 per week

₴12997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21731
-₴17407
-₴13959
-₴19025
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 805
income
-
-
-
-
social contributions
-
-
-
2 934
health
-
-
-
480
total
-
-
-
3 414
Employee
38 038
38 038
38 038
-
social contributions
1 848
3 157
1 065
-
income
3 994
3 521
4 277
-
health
378
647
218
-
total
6 220
7 325
5 560
-
Employer
38 038
38 038
38 038
-
health
412
704
237
-
social contributions
1 848
3 157
1 065
-
total
2 260
3 861
1 302
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 480
11 186
6 862
3 414
After tax
-2 980
-5 686
-1 362
2 086
Living cost
16 045
16 045
16 045
16 045
Free-cash
-19 025
-21 731
-17 407
-13 959

Estimated living cost  is ₴16045 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6206
-₴5988
-₴5274
-₴10171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
672
unemployment
-
-
-
82
health
-
-
-
385
pensions
-
-
-
550
total
-
-
-
1 689
Employee

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

The minimum wage is 138,000 HUF per month.

13 114
5 219
5 219
-
unemployment
197
78
69
-
pensions
1 311
522
460
-
income
1 603
638
655
-
health
918
365
322
-
total
4 029
1 603
1 506
-
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.

13 114
5 219
5 219
-
pensions
2 557
1 018
897
-
total
2 557
1 018
897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
social contributions
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
6 586
2 621
2 403
1 689
After tax
-1 086
2 879
3 097
3 811
Living cost
9 085
9 085
9 085
9 085
Free-cash
-10 171
-6 206
-5 988
-5 274

Estimated living cost  is ₴9085 per week

₴6200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
-₴7548
-₴8554
-₴8306
-₴13277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
-
health
-
-
-
732
pensions
-
-
-
1 126
total
-
-
-
1 858
Employee
14 033
-
3 596
-
unemployment
224
-
90
-
pensions
281
-
113
-
income
1 580
-
-
-
total
2 085
-
203
-
Employer
14 033
-
3 596
-
health
1 824
-
732
-
pensions
2 807
-
1 126
-
unemployment
113
-
45
-
total
4 744
-
1 903
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
total
-
1 100
-
-
Dividends
-
4 400
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
6 829
1 100
2 106
1 858
After tax
-1 329
4 400
3 394
3 642
Living cost
11 948
11 948
11 948
11 948
Free-cash
-13 277
-7 548
-8 554
-8 306

Estimated living cost  is ₴11948 per week

₴8195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴10594
-₴8135
-₴9390
-₴15403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
127
income
-
-
-
356
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
3 851
Employee
17 365
-
4 569
-
pensions
1 955
-
515
-
income
2 382
-
627
-
health
1 988
-
523
-
total
6 325
-
1 665
-
Employer
17 365
-
4 569
-
pensions
2 824
-
743
-
accident
290
-
76
-
unemployment
425
-
112
-
total
3 539
-
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
-
105
-
-
total
-
105
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 864
5 055
2 596
3 851
After tax
-4 364
445
2 904
1 649
Living cost
11 039
11 039
11 039
11 039
Free-cash
-15 403
-10 594
-8 135
-9 390

Estimated living cost  is ₴11039 per week

₴8090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1174
₴349
₴1394
₴414
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 064
-
5 500
-
income
1 013
-
1 100
-
total
1 013
-
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%.

436
5 500
-
-
total
-
-
-
-
Dividends
436
5 500
-
-
withholding
22
275
-
-
total
22
275
-
-
Income
5 500
5 500
5 500
5 500
Total tax
1 035
275
1 100
55
After tax
4 465
5 225
4 400
5 445
Living cost
4 051
4 051
4 051
4 051
Free-cash
414
1 174
349
1 394

Estimated living cost  is ₴4051 per week

₴2511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
-₴9140
-₴9986
-₴10203
-₴16988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
698
other
-
-
-
261
health
-
-
-
242
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.

-
-
-
1 321
total
-
-
-
2 522
Employee
17 961
-
4 355
-
unemployment
179
-
43
-
pensions

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

1 257
-
305
-
income
3 092
-
750
-
health
252
-
61
-
total
4 780
-
1 159
-
Employer
17 961
-
4 355
-
health
252
-
61
-
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.

3 054
-
740
-
accident
144
-
35
-
unemployment
179
-
43
-
other
898
-
267
-
total
4 527
-
1 146
-
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
9 307
1 459
2 305
2 522
After tax
-3 807
4 041
3 195
2 978
Living cost
13 181
13 181
13 181
13 181
Free-cash
-16 988
-9 140
-9 986
-10 203

Estimated living cost  is ₴13181 per week

₴9313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴28574
-₴28377
-₴28295
-₴47100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
46 259
-
5 398
-
pensions
4 463
-
-
-
income
8 339
-
1 080
-
health
762
-
-
-
total
13 564
-
1 080
-
Employer
46 259
-
5 398
-
health
879
-
102
-
pensions
5 462
-
-
-
total
6 341
-
102
-
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
19 905
1 379
1 182
1 100
After tax
-14 405
4 121
4 318
4 400
Living cost
32 695
32 695
32 695
32 695
Free-cash
-47 100
-28 574
-28 377
-28 295

Estimated living cost  is ₴32695 per week

₴24499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1778
-₴3008
-₴3274
-₴4765
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
825
unemployment
-
-
-
22
health
-
-
-
632
pensions

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

-
-
-
814
total
-
-
-
2 293
Employee
8 582
-
4 598
-
accident

We are using the highest rate at 1.1%.

94
-
50
-
pensions

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

754
-
404
-
income
858
-
460
-
health
395
-
212
-
total
2 101
-
1 126
-
Employer
8 582
-
4 598
-
health
592
-
317
-
pensions

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

946
-
506
-
accident

We are using the highest rate at 1.1%.

94
-
50
-
unemployment
51
-
28
-
total
1 683
-
901
-
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
3 784
797
2 027
2 293
After tax
1 716
4 703
3 473
3 207
Living cost
6 481
6 481
6 481
6 481
Free-cash
-4 765
-1 778
-3 008
-3 274

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴47552
-₴50329
-₴24259
-₴48392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
495
health
-
-
-
844
pensions
-
-
-
990
total
-
-
-
2 329
Employee
45 862
42 243
42 243
-
pensions
5 796
5 796
7 604
-
income

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

6 914
6 914
6 914
-
health
5 722
5 515
6 484
-
total
18 432
18 225
21 002
-
Employer
45 862
42 243
42 243
-
health
3 187
2 936
2 936
-
pensions
3 192
2 940
2 940
-
unemployment
1 651
1 521
1 521
-
total
8 030
7 397
7 397
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
26 462
25 622
28 399
2 329
After tax
-20 962
-20 122
-22 899
3 171
Living cost
27 430
27 430
27 430
27 430
Free-cash
-48 392
-47 552
-50 329
-24 259

Estimated living cost  is ₴27430 per week

₴20234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8516
-₴9512
-₴9624
-₴18743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
473
social contributions
-
-
-
1 606
solidarity contribution
-
-
-
-
health
-
-
-
742
total
-
-
-
2 821
Employee
18 092
-
4 104
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
267
-
income
2 171
-
493
-
health
2 442
-
554
-
total
5 789
-
1 314
-
Employer
18 092
-
4 104
-
health
1 628
-
369
-
social contributions
4 523
-
1 026
-
total
6 151
-
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
11 940
1 713
2 709
2 821
After tax
-6 440
3 787
2 791
2 679
Living cost
12 303
12 303
12 303
12 303
Free-cash
-18 743
-8 516
-9 512
-9 624

Estimated living cost  is ₴12303 per week

₴8546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17939
-₴20518
-₴19624
-₴38463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 834
regional
-
-
-
21
municipal
-
-
-
13
national
-
-
-
383
total
-
-
-
4 251
Employee
43 963
-
5 500
-
municipal
233
-
4
-
national
7 618
-
109
-
regional
415
-
6
-
social contributions
14 824
-
5 026
-
total
23 090
-
5 145
-
Employer
43 963
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
municipal
-
215
-
-
nationa
-
1 320
-
-
total
-
1 535
-
-
Dividends
-
3 965
-
-
withholding
-
1 031
-
-
total
-
1 031
-
-
Income
5 500
5 500
5 500
5 500
Total tax
23 090
2 566
5 145
4 251
After tax
-17 590
2 934
355
1 249
Living cost
20 873
20 873
20 873
20 873
Free-cash
-38 463
-17 939
-20 518
-19 624

Estimated living cost  is ₴20873 per week

₴14550
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7456
-₴8480
-₴8038
-₴14303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
719
other
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
113
health
-
-
-
469
pensions
-
-
-
1 321
total
-
-
-
2 622
Employee
16 358
-
4 111
-
other
-
-
-
-
unemployment
1 139
-
459
-
pensions
1 091
-
440
-
surtax
54
-
-
-
income
2 742
-
608
-
health
418
-
168
-
total
5 444
-
1 675
-
Employer
16 358
-
4 111
-
health
744
-
300
-
pensions
2 181
-
880
-
unemployment
518
-
209
-
other
-
-
-
-
total
3 443
-
1 389
-
Corporate
-
5 500
-
-
income
-
1 430
-
-
total
-
1 430
-
-
Dividends
-
4 070
-
-
withholding
-
610
-
-
total
-
610
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 887
2 040
3 064
2 622
After tax
-3 387
3 460
2 436
2 878
Living cost
10 916
10 916
10 916
10 916
Free-cash
-14 303
-7 456
-8 480
-8 038

Estimated living cost  is ₴10916 per week

₴6674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴18215
-₴18018
-₴17936
-₴29445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
31 001
-
5 398
-
pensions
2 631
-
-
-
income
5 583
-
1 080
-
health
450
-
-
-
total
8 664
-
1 080
-
Employer
31 001
-
5 398
-
health
589
-
102
-
pensions
3 356
-
-
-
total
3 945
-
102
-
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
12 609
1 379
1 182
1 100
After tax
-7 109
4 121
4 318
4 400
Living cost
22 336
22 336
22 336
22 336
Free-cash
-29 445
-18 215
-18 018
-17 936

Estimated living cost  is ₴22336 per week

₴16734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴36838
-₴36164
-₴34653
-₴44940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
-
health
-
-
-
128
city
-
-
-
57
national
-
-
-
-
pensions
-
-
-
505
total
-
-
-
800
Employee
46 054
-
4 273
-
unemployment
-
-
-
-
pensions
3 869
-
1 084
-
national
218
-
-
-
regional
1 508
-
-
-
city
494
-
37
-
health
104
-
10
-
total
6 193
-
1 131
-
Employer
46 054
-
4 273
-
health
104
-
10
-
pensions
3 869
-
1 084
-
unemployment
-
-
-
-
other

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

921
-
86
-
total
4 894
-
1 180
-
Corporate
-
5 500
-
-
regional
-
1 163
-
-
national
-
468
-
-
total
-
1 631
-
-
Dividends
-
3 869
-
-
withholding
-
1 354
-
-
total
-
1 354
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 087
2 985
2 311
800
After tax
-5 587
2 515
3 189
4 700
Living cost
39 353
39 353
39 353
39 353
Free-cash
-44 940
-36 838
-36 164
-34 653

Estimated living cost  is ₴39353 per week

₴25591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴19808
-₴20540
-₴20540
-₴24228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
-
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.

-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 379
trade
-
-
-
-
total
-
-
-
3 379
Employee

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

29 729
-
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.

192
-
-
-
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.

3 496
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 379
-
3 379
-
total
7 067
-
3 379
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
surtax

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

-
45
-
-
chamber of commerce
-
83
-
-
trade
-
943
-
-
total
-
1 896
-
-
Dividends
-
3 604
-
-
surtax

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

-
39
-
-
withholding
-
712
-
-
total
-
751
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 067
2 647
3 379
3 379
After tax
-1 567
2 853
2 121
2 121
Living cost
22 661
22 661
22 661
22 661
Free-cash
-24 228
-19 808
-20 540
-20 540

Estimated living cost  is ₴22661 per week

₴16551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14152
-₴13326
-₴14092
-₴22282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
other
-
-
-
171
surtax
-
-
-
-
social contributions
-
-
-
157
health
-
-
-
131
pensions
-
-
-
2 209
total
-
-
-
2 668
Employee
21 171
-
4 190
-
pensions
2 394
-
474
-
surtax
-
-
-
-
social contributions
604
-
119
-
income
1 249
-
-
-
total
4 247
-
593
-
Employer
21 171
-
4 190
-
health
1 482
-
293
-
pensions
3 478
-
689
-
unemployment
857
-
170
-
social contributions
64
-
12
-
other
730
-
145
-
total
6 611
-
1 309
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
surtax
-
-
-
-
social contributions
-
681
-
-
withholding
-
507
-
-
total
-
1 188
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 858
2 728
1 902
2 668
After tax
-5 358
2 772
3 598
2 832
Living cost
16 924
16 924
16 924
16 924
Free-cash
-22 282
-14 152
-13 326
-14 092

Estimated living cost  is ₴16924 per week

₴10671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12475
-₴11649
-₴12415
-₴19298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
other
-
-
-
171
surtax
-
-
-
-
social contributions
-
-
-
157
health
-
-
-
131
pensions
-
-
-
2 209
total
-
-
-
2 668
Employee
18 898
-
4 190
-
pensions
2 137
-
474
-
surtax
-
-
-
-
social contributions
539
-
119
-
income
974
-
-
-
total
3 650
-
593
-
Employer
18 898
-
4 190
-
health
1 323
-
293
-
pensions
3 105
-
689
-
unemployment
765
-
170
-
social contributions
56
-
12
-
other
652
-
145
-
total
5 901
-
1 309
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
surtax
-
-
-
-
social contributions
-
681
-
-
withholding
-
507
-
-
total
-
1 188
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 551
2 728
1 902
2 668
After tax
-4 051
2 772
3 598
2 832
Living cost
15 247
15 247
15 247
15 247
Free-cash
-19 298
-12 475
-11 649
-12 415

Estimated living cost  is ₴15247 per week

₴8843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1549
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7348
-₴6919
-₴7114
-₴12572
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
825
social contributions
-
-
-
863
health
-
-
-
437
total
-
-
-
2 125
Employee
16 772
-
5 500
-
social contributions
2 315
-
863
-
income
2 797
-
630
-
health
1 171
-
437
-
total
6 283
-
1 930
-
Employer
16 772
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

-
275
-
-
total
-
275
-
-
Dividends
-
5 225
-
-
social contributions
863
863
-
-
withholding
-
784
-
-
health
437
437
-
-
total
1 300
2 084
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 583
2 359
1 930
2 125
After tax
-2 083
3 141
3 570
3 375
Living cost
10 489
10 489
10 489
10 489
Free-cash
-12 572
-7 348
-6 919
-7 114

Estimated living cost  is ₴10489 per week

₴7020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23192
-₴18181
-₴16523
-₴26903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
surtax
-
-
-
98
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
22
health
-
-
-
421
pensions
-
-
-
1 018
total
-
-
-
4 593
Employee
24 721
19 713
19 713
-
other
247
197
50
-
unemployment
742
591
148
-
pensions
2 532
2 018
505
-
income
2 814
1 454
2 316
-
health
957
763
191
-
total
7 292
5 023
3 210
-
Employer
24 721
19 713
19 713
-
chamber of commerce
99
79
79
-
health
934
745
187
-
pensions
3 102
2 474
620
-
accident
321
256
38
-
unemployment
742
591
148
-
surtax
98
98
98
-
payroll
742
591
591
-
other
1 174
936
811
-
total
7 212
5 770
2 572
-
Corporate
1 877
1 877
1 877
-
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.

469
469
469
-
total
469
469
469
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 973
11 262
6 251
4 593
After tax
-9 473
-5 762
-751
907
Living cost
17 430
17 430
17 430
17 430
Free-cash
-26 903
-23 192
-18 181
-16 523

Estimated living cost  is ₴17430 per week

₴11625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14791
-₴15480
-₴16041
-₴40183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
174
social contributions
-
-
-
2 608
national
-
-
-
723
total
-
-
-
3 505
Employee

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

35 384
-
4 261
-
unemployment

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

308
-
37
-
communal

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

1 846
-
222
-
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.

2 654
-
319
-
national
10 878
-
927
-
health

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

1 662
-
200
-
total
17 348
-
1 705
-
Employer

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

35 384
-
4 261
-
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.

2 176
-
262
-
pensions

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

3 135
-
377
-
accident

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

460
-
55
-
unemployment

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

516
-
62
-
surtax
4 012
-
483
-
total
10 299
-
1 239
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
surtax
-
22
-
-
total
-
1 122
-
-
Dividends
-
4 378
-
-
withholding

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

-
1 133
-
-
total
-
1 133
-
-
Income
5 500
5 500
5 500
5 500
Total tax
27 647
2 255
2 944
3 505
After tax
-22 147
3 245
2 556
1 995
Living cost
18 036
18 036
18 036
18 036
Free-cash
-40 183
-14 791
-15 480
-16 041

Estimated living cost  is ₴18036 per week

₴11618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14078
-₴18681
-₴15994
-₴26972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
96
income
-
-
-
438
other
-
-
-
10
unemployment
-
-
-
74
pensions
-
-
-
3 011
total
-
-
-
3 629
Employee
24 623
-
234
-
other
24
-
17
-
unemployment
382
-
256
-
pensions
1 157
-
776
-
income
5 195
-
-
-
total
6 758
-
1 049
-
Employer
24 623
-
234
-
pensions
5 811
-
3 899
-
accident
487
-
327
-
unemployment
1 355
-
909
-
other
196
-
132
-
total
7 849
-
5 267
-
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
14 607
1 713
6 316
3 629
After tax
-9 107
3 787
-816
1 871
Living cost
17 865
17 865
17 865
17 865
Free-cash
-26 972
-14 078
-18 681
-15 994

Estimated living cost  is ₴17865 per week

₴13155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23119
-₴27126
-₴27125
-₴36434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
accident
-
-
-
212
income
-
-
-
-
surtax
-
-
-
-
health
-
-
-
1 765
pensions
-
-
-
3 766
total
-
-
-
5 743
Employee
37 461
-
2 687
-
pensions
2 996
-
1 883
-
surtax
2 296
-
-
-
income
3 618
-
-
-
health
1 667
-
1 048
-
total
10 577
-
2 931
-
Employer
37 461
-
2 687
-
health
1 142
-
718
-
pensions
2 996
-
1 883
-
accident
337
-
212
-
total
4 475
-
2 813
-
Corporate
-
5 500
-
-
communal
-
-
-
-
income
-
825
-
-
surtax
-
58
-
-
total
-
883
-
-
Dividends
-
4 617
-
-
income
-
161
-
-
withholding
-
693
-
-
total
-
854
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 052
1 737
5 744
5 743
After tax
-9 552
3 763
-244
-243
Living cost
26 882
26 882
26 882
26 882
Free-cash
-36 434
-23 119
-27 126
-27 125

Estimated living cost  is ₴26882 per week

₴20166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7651
-₴8675
-₴8233
-₴14666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
719
other
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
113
health
-
-
-
469
pensions
-
-
-
1 321
total
-
-
-
2 622
Employee
16 659
-
4 111
-
other
-
-
-
-
unemployment
1 159
-
459
-
pensions
1 111
-
440
-
surtax
59
-
-
-
income
2 793
-
608
-
health
425
-
168
-
total
5 547
-
1 675
-
Employer
16 659
-
4 111
-
health
758
-
300
-
pensions
2 221
-
880
-
unemployment
529
-
209
-
other
-
-
-
-
total
3 508
-
1 389
-
Corporate
-
5 500
-
-
income
-
1 430
-
-
total
-
1 430
-
-
Dividends
-
4 070
-
-
withholding
-
610
-
-
total
-
610
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 055
2 040
3 064
2 622
After tax
-3 555
3 460
2 436
2 878
Living cost
11 111
11 111
11 111
11 111
Free-cash
-14 666
-7 651
-8 675
-8 233

Estimated living cost  is ₴11111 per week

₴6708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-₴10434
-₴12973
-₴12089
-₴21940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 834
regional
-
-
-
34
municipal
-
-
-
13
national
-
-
-
383
total
-
-
-
4 264
Employee
27 440
-
5 500
-
municipal
146
-
4
-
national
4 347
-
109
-
regional
369
-
9
-
social contributions
9 253
-
5 026
-
total
14 115
-
5 148
-
Employer
27 440
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
municipal
-
273
-
-
nationa
-
1 320
-
-
total
-
1 593
-
-
Dividends
-
3 907
-
-
withholding
-
1 016
-
-
total
-
1 016
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 115
2 609
5 148
4 264
After tax
-8 615
2 891
352
1 236
Living cost
13 325
13 325
13 325
13 325
Free-cash
-21 940
-10 434
-12 973
-12 089

Estimated living cost  is ₴13325 per week

₴8287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11373
-₴12369
-₴12481
-₴24374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
473
social contributions
-
-
-
1 606
solidarity contribution
-
-
-
-
health
-
-
-
742
total
-
-
-
2 821
Employee
22 294
-
4 104
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
267
-
income
2 675
-
493
-
health
3 010
-
554
-
total
7 134
-
1 314
-
Employer
22 294
-
4 104
-
health
2 006
-
369
-
social contributions
5 574
-
1 026
-
total
7 580
-
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
14 714
1 713
2 709
2 821
After tax
-9 214
3 787
2 791
2 679
Living cost
15 160
15 160
15 160
15 160
Free-cash
-24 374
-11 373
-12 369
-12 481

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21446
-₴16436
-₴14777
-₴22816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
surtax
-
-
-
-
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
22
health
-
-
-
421
pensions
-
-
-
1 018
total
-
-
-
4 495
Employee
21 623
19 713
19 713
-
other
216
197
50
-
unemployment
649
591
148
-
pensions
2 214
2 018
505
-
income
1 926
1 454
2 316
-
health
836
763
191
-
total
5 841
5 023
3 210
-
Employer
21 623
19 713
19 713
-
chamber of commerce
86
79
79
-
health
818
745
187
-
pensions
2 714
2 474
620
-
accident
281
256
39
-
unemployment
649
591
148
-
surtax
-
-
-
-
payroll
649
591
591
-
other
1 027
936
811
-
total
6 224
5 672
2 475
-
Corporate
1 877
1 877
1 877
-
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.

469
469
469
-
total
469
469
469
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 534
11 164
6 154
4 495
After tax
-7 034
-5 664
-654
1 005
Living cost
15 782
15 782
15 782
15 782
Free-cash
-22 816
-21 446
-16 436
-14 777

Estimated living cost  is ₴15782 per week

₴9467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1088
-₴1913
-₴868
-₴2391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 891
-
5 500
-
income
1 578
-
1 100
-
total
1 578
-
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
1 578
275
1 100
55
After tax
3 922
5 225
4 400
5 445
Living cost
6 313
6 313
6 313
6 313
Free-cash
-2 391
-1 088
-1 913
-868

Estimated living cost  is ₴6313 per week

₴4272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-₴9481
-₴10154
-₴9953
-₴19781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
631
unemployment
-
-
-
8
health
-
-
-
542
pensions
-
-
-
1 004
total
-
-
-
2 185
Employee

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

21 874
-
4 758
-
unemployment
31
-
7
-
pensions
3 391
-
738
-
income
3 772
-
593
-
health
1 413
-
307
-
total
8 607
-
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.

21 874
-
4 758
-
health
1 457
-
317
-
pensions
1 936
-
421
-
unemployment
13
-
3
-
total
3 406
-
741
-
Corporate
-
5 500
-
-
income
-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
668
-
-
total
-
668
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 013
1 713
2 386
2 185
After tax
-6 513
3 787
3 114
3 315
Living cost
13 268
13 268
13 268
13 268
Free-cash
-19 781
-9 481
-10 154
-9 953

Estimated living cost  is ₴13268 per week

₴9106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18049
-₴22418
-₴17594
-₴68433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
1 072
social contributions
-
-
-
627
total
-
-
-
1 699
Employee
30 677
-
-
-
social contributions
2 516
-
358
-
income
6 767
-
-
-
total
9 283
-
358
-
Employer
30 677
-
-
-
social contributions
43 255
-
6 165
-
total
43 255
-
6 165
-
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
52 538
2 154
6 523
1 699
After tax
-47 038
3 346
-1 023
3 801
Living cost
21 395
21 395
21 395
21 395
Free-cash
-68 433
-18 049
-22 418
-17 594

Estimated living cost  is ₴21395 per week

₴13882
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12388
-₴12134
-₴12248
-₴22654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 911
total
-
-
-
2 232
Employee
22 751
-
4 444
-
surtax
-
-
-
-
social contributions
2 503
-
489
-
income
4 732
-
574
-
total
7 235
-
1 063
-
Employer
22 751
-
4 444
-
social contributions
5 403
-
1 055
-
total
5 403
-
1 055
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
surtax
-
-
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 217
-
-
total
-
1 217
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 638
2 372
2 118
2 232
After tax
-7 138
3 128
3 382
3 268
Living cost
15 516
15 516
15 516
15 516
Free-cash
-22 654
-12 388
-12 134
-12 248

Estimated living cost  is ₴15516 per week

₴11609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21120
-₴20294
-₴21060
-₴35157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
other
-
-
-
171
surtax
-
-
-
-
social contributions
-
-
-
157
health
-
-
-
131
pensions
-
-
-
2 209
total
-
-
-
2 668
Employee
30 982
-
4 190
-
pensions
3 504
-
474
-
surtax
-
-
-
-
social contributions
882
-
119
-
income
2 703
-
-
-
total
7 089
-
593
-
Employer
30 982
-
4 190
-
health
2 168
-
293
-
pensions
5 091
-
689
-
unemployment
1 255
-
170
-
social contributions
93
-
12
-
other
1 069
-
145
-
total
9 676
-
1 309
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
surtax
-
-
-
-
social contributions
-
681
-
-
withholding
-
507
-
-
total
-
1 188
-
-
Income
5 500
5 500
5 500
5 500
Total tax
16 765
2 728
1 902
2 668
After tax
-11 265
2 772
3 598
2 832
Living cost
23 892
23 892
23 892
23 892
Free-cash
-35 157
-21 120
-20 294
-21 060

Estimated living cost  is ₴23892 per week

₴16170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9920
-₴10418
-₴10580
-₴12869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 903
-
4 762
-
income
-
-
-
-
social contributions
1 034
-
310
-
total
1 034
-
310
-
Employer
15 903
-
4 762
-
social contributions
2 465
-
738
-
total
2 465
-
738
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
3 499
550
1 048
1 210
After tax
2 001
4 950
4 452
4 290
Living cost
14 870
14 870
14 870
14 870
Free-cash
-12 869
-9 920
-10 418
-10 580

Estimated living cost  is ₴14870 per week

₴9614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴102106
-₴102106
-₴19120
-₴102106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
406
municipal
-
-
-
-
national
-
-
-
-
pensions
-
-
-
428
total
-
-
-
834
Employee
100 393
100 393
100 393
-
municipal
21 378
21 378
21 378
-
labour market
8 020
8 020
8 020
-
pensions
143
143
143
-
national
12 265
12 265
12 265
-
total
41 806
41 806
41 806
-
Employer
100 393
100 393
100 393
-
national
12 286
12 286
12 286
-
labour market
8 031
8 031
8 031
-
pensions
285
285
285
-
municipal
21 412
21 412
21 412
-
total
42 014
42 014
42 014
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
83 820
83 820
83 820
834
After tax
-78 320
-78 320
-78 320
4 666
Living cost
23 786
23 786
23 786
23 786
Free-cash
-102 106
-102 106
-102 106
-19 120

Estimated living cost  is ₴23786 per week

₴16279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10431
-₴7972
-₴9227
-₴15096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
127
income
-
-
-
356
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
3 851
Employee
17 109
-
4 569
-
pensions
1 927
-
515
-
income
2 347
-
627
-
health
1 959
-
523
-
total
6 233
-
1 665
-
Employer
17 109
-
4 569
-
pensions
2 782
-
743
-
accident
286
-
76
-
unemployment
419
-
112
-
total
3 487
-
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
-
105
-
-
total
-
105
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 720
5 055
2 596
3 851
After tax
-4 220
445
2 904
1 649
Living cost
10 876
10 876
10 876
10 876
Free-cash
-15 096
-10 431
-7 972
-9 227

Estimated living cost  is ₴10876 per week

₴7916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-₴15186
-₴15512
-₴14482
-₴25436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
municipal
-
-
-
990
national
-
-
-
-
total
-
-
-
990
Employee
26 026
-
4 627
-
municipal
4 263
-
764
-
unemployment
391
-
69
-
pensions
1 756
-
313
-
national
430
-
-
-
health
194
-
-
-
total
7 034
-
1 146
-
Employer
26 026
-
4 627
-
health
200
-
36
-
pensions
4 515
-
803
-
accident
26
-
5
-
unemployment
169
-
30
-
total
4 910
-
874
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
total
-
1 100
-
-
Dividends

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

-
3 300
-
-
municipal
-
594
-
-
national
-
-
-
-
total
-
594
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 944
1 694
2 020
990
After tax
-6 444
3 806
3 480
4 510
Living cost
18 992
18 992
18 992
18 992
Free-cash
-25 436
-15 186
-15 512
-14 482

Estimated living cost  is ₴18992 per week

₴12405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
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.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17139
-₴12815
-₴9367
-₴13586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
18 805
income
-
-
-
-
social contributions
-
-
-
2 934
health
-
-
-
480
total
-
-
-
3 414
Employee
38 038
38 038
38 038
-
social contributions
1 438
3 157
1 065
-
income
4 142
3 521
4 277
-
health
295
647
218
-
total
5 875
7 325
5 560
-
Employer
38 038
38 038
38 038
-
health
320
704
237
-
social contributions
1 438
3 157
1 065
-
total
1 758
3 861
1 302
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 633
11 186
6 862
3 414
After tax
-2 133
-5 686
-1 362
2 086
Living cost
11 453
11 453
11 453
11 453
Free-cash
-13 586
-17 139
-12 815
-9 367

Estimated living cost  is ₴11453 per week

₴6864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
-₴3300
-₴5539
-₴7355
-₴7022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
50
unemployment
-
-
-
14
health
-
-
-
1 790
pensions
-
-
-
3 147
total
-
-
-
5 001
Employee

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

11 354
-
4 612
-
unemployment
56
-
43
-
pensions
1 703
-
1 293
-
income
776
-
229
-
health
965
-
732
-
total
3 500
-
2 297
-
Employer

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

11 354
-
4 612
-
health
488
-
371
-
pensions
624
-
474
-
unemployment
56
-
43
-
total
1 168
-
888
-
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
4 668
946
3 185
5 001
After tax
832
4 554
2 315
499
Living cost
7 854
7 854
7 854
7 854
Free-cash
-7 022
-3 300
-5 539
-7 355

Estimated living cost  is ₴7854 per week

₴5011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9816
-₴14419
-₴11732
-₴18620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
96
income
-
-
-
438
other
-
-
-
10
unemployment
-
-
-
74
pensions
-
-
-
3 011
total
-
-
-
3 629
Employee
18 291
-
234
-
other
18
-
17
-
unemployment
283
-
256
-
pensions
860
-
776
-
income
3 526
-
-
-
total
4 687
-
1 049
-
Employer
18 291
-
234
-
pensions
4 316
-
3 899
-
accident
362
-
327
-
unemployment
1 006
-
909
-
other
146
-
132
-
total
5 830
-
5 267
-
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
10 517
1 713
6 316
3 629
After tax
-5 017
3 787
-816
1 871
Living cost
13 603
13 603
13 603
13 603
Free-cash
-18 620
-9 816
-14 419
-11 732

Estimated living cost  is ₴13603 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴2471
₴1981
₴2050
₴2314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 280
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
2 489
Employee
1 464
-
4 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
1 243
-
health
73
-
175
-
total
503
-
1 769
-
Employer
1 464
-
4 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
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
2 489
After tax
3 275
3 432
2 942
3 011
Living cost
961
961
961
961
Free-cash
2 314
2 471
1 981
2 050

Estimated living cost  is ₴961 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
-₴4577
-₴5041
-₴5325
-₴9702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
195
unemployment
-
-
-
83
health
-
-
-
566
pensions
-
-
-
1 430
total
-
-
-
2 274
Employee

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

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

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

12 894
-
4 665
-
unemployment
97
-
35
-
pensions
1 805
-
653
-
income
1 777
-
227
-
health
664
-
240
-
total
4 343
-
1 155
-
Employer

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

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

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

12 894
-
4 665
-
health
664
-
240
-
pensions
1 547
-
560
-
unemployment
97
-
35
-
total
2 308
-
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
6 651
1 526
1 990
2 274
After tax
-1 151
3 974
3 510
3 226
Living cost
8 551
8 551
8 551
8 551
Free-cash
-9 702
-4 577
-5 041
-5 325

Estimated living cost  is ₴8551 per week

₴5757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10208
-₴9954
-₴10068
-₴18258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
1 911
total
-
-
-
2 232
Employee
19 199
-
4 444
-
surtax
-
-
-
-
social contributions
2 112
-
489
-
income
3 751
-
574
-
total
5 863
-
1 063
-
Employer
19 199
-
4 444
-
social contributions
4 559
-
1 055
-
total
4 559
-
1 055
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
surtax
-
-
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 217
-
-
total
-
1 217
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 422
2 372
2 118
2 232
After tax
-4 922
3 128
3 382
3 268
Living cost
13 336
13 336
13 336
13 336
Free-cash
-18 258
-10 208
-9 954
-10 068

Estimated living cost  is ₴13336 per week

₴9445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
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.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13598
-₴18201
-₴15514
-₴26008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
96
income
-
-
-
438
other
-
-
-
10
unemployment
-
-
-
74
pensions
-
-
-
3 011
total
-
-
-
3 629
Employee
23 890
-
234
-
other
23
-
17
-
unemployment
370
-
256
-
pensions
1 123
-
776
-
income
4 990
-
-
-
total
6 506
-
1 049
-
Employer
23 890
-
234
-
pensions
5 638
-
3 899
-
accident
473
-
327
-
unemployment
1 314
-
909
-
other
192
-
132
-
total
7 617
-
5 267
-
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
14 123
1 713
6 316
3 629
After tax
-8 623
3 787
-816
1 871
Living cost
17 385
17 385
17 385
17 385
Free-cash
-26 008
-13 598
-18 201
-15 514

Estimated living cost  is ₴17385 per week

₴12485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
-₴3801
-₴5031
-₴5297
-₴7971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
income
-
-
-
825
unemployment
-
-
-
22
health
-
-
-
632
pensions

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

-
-
-
814
total
-
-
-
2 293
Employee
11 260
-
4 598
-
accident

We are using the highest rate at 1.1%.

124
-
50
-
pensions

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

989
-
404
-
income
1 126
-
460
-
health
518
-
212
-
total
2 757
-
1 126
-
Employer
11 260
-
4 598
-
health
777
-
317
-
pensions

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

1 241
-
506
-
accident

We are using the highest rate at 1.1%.

124
-
50
-
unemployment
68
-
28
-
total
2 210
-
901
-
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
4 967
797
2 027
2 293
After tax
533
4 703
3 473
3 207
Living cost
8 504
8 504
8 504
8 504
Free-cash
-7 971
-3 801
-5 031
-5 297

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16133
-₴16977
-₴16977
-₴19113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
-
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.

-
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 379
trade
-
-
-
-
total
-
-
-
3 379
Employee

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

24 613
-
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.

112
-
-
-
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.

2 024
-
-
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 379
-
3 379
-
total
5 515
-
3 379
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income
-
825
-
-
surtax

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

-
45
-
-
chamber of commerce
-
84
-
-
trade
-
789
-
-
total
-
1 743
-
-
Dividends
-
3 757
-
-
surtax

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

-
41
-
-
withholding
-
751
-
-
total
-
792
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 515
2 535
3 379
3 379
After tax
-15
2 965
2 121
2 121
Living cost
19 098
19 098
19 098
19 098
Free-cash
-19 113
-16 133
-16 977
-16 977

Estimated living cost  is ₴19098 per week

₴13174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24328
-₴22679
-₴22679
-₴33195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-32
social contributions
-
-
-
32
total
-
-
-
-
Employee
38 694
-
5 500
-
income
7 301
-
-32
-
social contributions
3 215
-
32
-
total
10 516
-
-
-
Employer
38 694
-
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
10 516
1 649
-
-
After tax
-5 016
3 851
5 500
5 500
Living cost
28 179
28 179
28 179
28 179
Free-cash
-33 195
-24 328
-22 679
-22 679

Estimated living cost  is ₴28179 per week

₴21438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-₴15859
-₴14177
-₴29566
-₴20944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
5 500
income
-
-
-
14 081
health

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

-
-
-
3 028
total
-
-
-
17 109
Employee
22 692
-
4 640
-
income
2 462
-
-
-
social contributions
2 274
-
860
-
total
4 736
-
860
-
Employer
22 692
-
4 640
-
social contributions
2 274
-
860
-
total
2 274
-
860
-
Corporate
-
5 500
-
-
income
-
1 925
-
-
total
-
1 925
-
-
Dividends
-
3 575
-
-
social contributions
1 477
1 477
-
-
total
1 477
1 477
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 487
3 402
1 720
17 109
After tax
-2 987
2 098
3 780
-11 609
Living cost
17 957
17 957
17 957
17 957
Free-cash
-20 944
-15 859
-14 177
-29 566

Estimated living cost  is ₴17957 per week

₴11828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14038
-₴13841
-₴13759
-₴22417
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
24 925
-
5 398
-
pensions
1 902
-
-
-
income
4 539
-
1 080
-
health
325
-
-
-
total
6 766
-
1 080
-
Employer
24 925
-
5 398
-
health
474
-
102
-
pensions
2 518
-
-
-
total
2 992
-
102
-
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
9 758
1 379
1 182
1 100
After tax
-4 258
4 121
4 318
4 400
Living cost
18 159
18 159
18 159
18 159
Free-cash
-22 417
-14 038
-13 841
-13 759

Estimated living cost  is ₴18159 per week

₴12457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11508
-₴9049
-₴10304
-₴17134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
accident
-
-
-
127
income
-
-
-
356
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
3 851
Employee
18 802
-
4 569
-
pensions
2 117
-
515
-
income
2 579
-
627
-
health
2 153
-
523
-
total
6 849
-
1 665
-
Employer
18 802
-
4 569
-
pensions
3 057
-
743
-
accident
314
-
76
-
unemployment
461
-
112
-
total
3 832
-
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
-
105
-
-
total
-
105
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 681
5 055
2 596
3 851
After tax
-5 181
445
2 904
1 649
Living cost
11 953
11 953
11 953
11 953
Free-cash
-17 134
-11 508
-9 049
-10 304

Estimated living cost  is ₴11953 per week

₴8772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
-₴1995
-₴3232
-₴3232
-₴5172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
550
unemployment
-
-
-
66
work injury
-
-
-
27
health insurance
-
-
-
407
pensions
-
-
-
1 012
total
-
-
-
2 062
Employee

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

10 672
-
5 500
-
health insurance
790
-
407
-
unemployment
128
-
66
-
work injury
53
-
27
-
pensions
1 964
-
1 012
-
income
1 067
-
550
-
total
4 002
-
2 062
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
-
5 500
-
-
withholding
-
825
-
-
total
-
825
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 002
825
2 062
2 062
After tax
1 498
4 675
3 438
3 438
Living cost
6 670
6 670
6 670
6 670
Free-cash
-5 172
-1 995
-3 232
-3 232

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
-₴16809
-₴19354
-₴18467
-₴36184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 834
regional
-
-
-
29
municipal
-
-
-
15
national
-
-
-
383
total
-
-
-
4 261
Employee
41 684
-
5 500
-
municipal
249
-
5
-
national
7 044
-
109
-
regional
629
-
8
-
social contributions
14 056
-
5 026
-
total
21 978
-
5 148
-
Employer
41 684
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
municipal
-
265
-
-
nationa
-
1 320
-
-
total
-
1 585
-
-
Dividends
-
3 915
-
-
withholding
-
1 018
-
-
total
-
1 018
-
-
Income
5 500
5 500
5 500
5 500
Total tax
21 978
2 603
5 148
4 261
After tax
-16 478
2 897
352
1 239
Living cost
19 706
19 706
19 706
19 706
Free-cash
-36 184
-16 809
-19 354
-18 467

Estimated living cost  is ₴19706 per week

₴13842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
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.
₴4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close