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
-₴13740
-₴12325
-₴13173
-₴13173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
5 500
trade
-
-
-
-
income

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

-
-
-
-
health

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

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

-
-
-
3 437
surtax

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

-
-
-
-
total
-
-
-
3 437
Employee

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

19 240
-
5 500
-
surtax

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

30
-
-
-
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.

3 437
-
3 437
-
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.

537
-
-
-
total
4 004
-
3 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
866
-
-
income
-
825
-
-
surtax

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

-
46
-
-
chamber of commerce
-
84
-
-
total
-
1 821
-
-
Dividends
-
3 680
-
-
withholding
-
728
-
-
surtax

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

-
40
-
-
total
-
768
-
-
Income
5 500
5 500
5 500
5 500
Total tax
4 004
2 589
3 437
3 437
After tax
1 496
2 911
2 063
2 063
Living cost
15 236
15 236
15 236
15 236
Free-cash
-13 740
-12 325
-13 173
-13 173

Estimated living cost  is ₴15236 per week

₴9584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1777
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.
₴3591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴38081
-₴22343
-₴20968
-₴21012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
660
municipal
-
-
-
7
national
-
-
-
11
total
-
-
-
737
Employee
39 956
-
4 755
-
national
7 647
-
44
-
municipal
4 935
-
28
-
pensions
1 598
-
190
-
total
14 180
-
262
-
Employer
39 956
-
4 755
-
pensions
3 196
-
380
-
social contributions
430
-
51
-
total
3 626
-
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
17 806
2 068
693
737
After tax
-12 306
3 432
4 807
4 763
Living cost
25 775
25 775
25 775
25 775
Free-cash
-38 081
-22 343
-20 968
-21 012

Estimated living cost  is ₴25775 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴386
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12740
-₴6065
-₴7448
-₴7374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 584
income
-
-
-
-
microenterprise
-
-
-
825
surtax
-
-
-
-
total
-
-
-
2 409
Employee
14 699
-
4 313
-
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.

1 617
-
542
-
income
2 617
-
754
-
total
4 234
-
1 296
-
Employer
14 699
-
4 313
-
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.

3 541
-
1 187
-
surtax
-
-
-
-
total
3 541
-
1 187
-
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
7 775
1 100
2 483
2 409
After tax
-2 275
4 400
3 017
3 091
Living cost
10 465
10 465
10 465
10 465
Free-cash
-12 740
-6 065
-7 448
-7 374

Estimated living cost  is ₴10465 per week

₴6676
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴997
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.
₴2555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴44451
-₴41628
-₴44451
-₴17902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
990
health
-
-
-
844
total
-
-
-
2 329
Employee
42 957
42 957
42 957
-
health
6 593
5 608
6 593
-
pensions
7 732
5 894
7 732
-
income

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

7 031
7 031
7 031
-
total
21 356
18 533
21 356
-
Employer
42 957
42 957
42 957
-
pensions
2 990
2 990
2 990
-
unemployment
1 546
1 546
1 546
-
health
2 986
2 986
2 986
-
total
7 522
7 522
7 522
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
28 878
26 055
28 878
2 329
After tax
-23 378
-20 555
-23 378
3 171
Living cost
21 073
21 073
21 073
21 073
Free-cash
-44 451
-41 628
-44 451
-17 902

Estimated living cost  is ₴21073 per week

₴14934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1900
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴33368
-₴17753
-₴17817
-₴18015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
639
unemployment
-
-
-
6
pensions
-
-
-
595
municipal
-
-
-
1 165
accident
-
-
-
11
national
-
-
-
-
health
-
-
-
343
total
-
-
-
2 759
Employee
29 575
-
4 185
-
national
-
-
-
-
municipal
8 819
-
1 248
-
total
8 819
-
1 248
-
Employer
29 575
-
4 185
-
other
3 437
-
486
-
accident
59
-
8
-
pensions
3 197
-
452
-
unemployment
781
-
110
-
health
1 819
-
257
-
total
9 293
-
1 313
-
Corporate
-
5 500
-
-
income
-
1 210
-
-
total
-
1 210
-
-
Dividends
-
4 290
-
-
withholding
-
1 287
-
-
total
-
1 287
-
-
Income
5 500
5 500
5 500
5 500
Total tax
18 112
2 497
2 561
2 759
After tax
-12 612
3 003
2 939
2 741
Living cost
20 756
20 756
20 756
20 756
Free-cash
-33 368
-17 753
-17 817
-18 015

Estimated living cost  is ₴20756 per week

₴13756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20010
-₴16879
-₴17698
-₴17698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
5 500
trade
-
-
-
-
income

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

-
-
-
-
health

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

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

-
-
-
3 437
surtax

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

-
-
-
-
total
-
-
-
3 437
Employee

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

25 510
-
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.

120
-
-
-
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.

3 437
-
3 437
-
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.

2 192
-
-
-
total
5 749
-
3 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
905
-
-
income
-
825
-
-
surtax

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

-
46
-
-
chamber of commerce
-
84
-
-
total
-
1 860
-
-
Dividends
-
3 640
-
-
withholding
-
719
-
-
surtax

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

-
39
-
-
total
-
758
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 749
2 618
3 437
3 437
After tax
-249
2 882
2 063
2 063
Living cost
19 761
19 761
19 761
19 761
Free-cash
-20 010
-16 879
-17 698
-17 698

Estimated living cost  is ₴19761 per week

₴13216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2084
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.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19442
-₴22191
-₴17794
-₴14287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 123
social contributions
-
-
-
2 983
income
-
-
-
-
health
-
-
-
488
total
-
-
-
3 471
Employee
38 681
38 681
38 681
-
health
385
658
221
-
social contributions
1 880
3 210
1 083
-
income
4 062
3 581
4 349
-
total
6 327
7 449
5 653
-
Employer
38 681
38 681
38 681
-
social contributions
1 880
3 210
1 083
-
health
419
716
242
-
total
2 299
3 926
1 325
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 626
11 375
6 978
3 471
After tax
-3 126
-5 875
-1 478
2 029
Living cost
16 316
16 316
16 316
16 316
Free-cash
-19 442
-22 191
-17 794
-14 287

Estimated living cost  is ₴16316 per week

₴11154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1274
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10451
-₴6415
-₴6164
-₴5437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
unemployment
-
-
-
83
income
-
-
-
672
pensions
-
-
-
550
health
-
-
-
385
total
-
-
-
1 690
Employee

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

The minimum wage is 138,000 HUF per month.

13 348
5 312
5 312
-
unemployment
200
80
69
-
health
934
372
322
-
pensions
1 335
531
460
-
income
1 632
649
669
-
total
4 101
1 632
1 520
-
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.

13 348
5 312
5 312
-
pensions
2 603
1 036
897
-
total
2 603
1 036
897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
social contributions
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
6 704
2 668
2 417
1 690
After tax
-1 204
2 832
3 083
3 810
Living cost
9 247
9 247
9 247
9 247
Free-cash
-10 451
-6 415
-6 164
-5 437

Estimated living cost  is ₴9247 per week

₴6310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴185
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13594
-₴7750
-₴8794
-₴8541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
pensions
-
-
-
1 146
health
-
-
-
745
total
-
-
-
1 891
Employee
14 270
-
3 564
-
unemployment
228
-
92
-
pensions
285
-
115
-
income
1 607
-
-
-
total
2 120
-
207
-
Employer
14 270
-
3 564
-
pensions
2 854
-
1 146
-
unemployment
115
-
46
-
health
1 855
-
745
-
total
4 824
-
1 937
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
total
-
1 100
-
-
Dividends
-
4 400
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
6 944
1 100
2 144
1 891
After tax
-1 444
4 400
3 356
3 609
Living cost
12 150
12 150
12 150
12 150
Free-cash
-13 594
-7 750
-8 794
-8 541

Estimated living cost  is ₴12150 per week

₴8334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15967
-₴10890
-₴8432
-₴9764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
income
-
-
-
339
pensions
-
-
-
2 144
accident
-
-
-
130
health
-
-
-
1 124
total
-
-
-
3 928
Employee
17 832
-
4 569
-
health
2 042
-
523
-
pensions
2 008
-
515
-
income
2 446
-
627
-
total
6 496
-
1 665
-
Employer
17 832
-
4 569
-
accident
298
-
76
-
pensions
2 900
-
743
-
unemployment
437
-
112
-
total
3 635
-
931
-
Corporate
-
5 500
-
-
income

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

-
4 950
-
-
total
-
4 950
-
-
Dividends
-
550
-
-
withholding
-
104
-
-
total
-
104
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 131
5 054
2 596
3 928
After tax
-4 631
446
2 904
1 572
Living cost
11 336
11 336
11 336
11 336
Free-cash
-15 967
-10 890
-8 432
-9 764

Estimated living cost  is ₴11336 per week

₴8308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴628
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.
₴2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴344
₴1114
₴289
₴1334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 138
-
5 500
-
income
1 027
-
1 100
-
total
1 027
-
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%.

362
5 500
-
-
total
-
-
-
-
Dividends
362
5 500
-
-
withholding
18
275
-
-
total
18
275
-
-
Income
5 500
5 500
5 500
5 500
Total tax
1 045
275
1 100
55
After tax
4 455
5 225
4 400
5 445
Living cost
4 111
4 111
4 111
4 111
Free-cash
344
1 114
289
1 334

Estimated living cost  is ₴4111 per week

₴2547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17367
-₴9364
-₴10211
-₴10427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
262
income
-
-
-
699
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.

-
-
-
1 320
health
-
-
-
242
total
-
-
-
2 523
Employee
18 265
-
4 351
-
unemployment
182
-
44
-
health
256
-
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.

1 278
-
305
-
income
3 144
-
748
-
total
4 860
-
1 158
-
Employer
18 265
-
4 351
-
other
914
-
270
-
accident
146
-
34
-
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.

3 105
-
740
-
unemployment
182
-
44
-
health
256
-
61
-
total
4 603
-
1 149
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
305
-
-
total
-
305
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 463
1 460
2 307
2 523
After tax
-3 963
4 040
3 193
2 977
Living cost
13 404
13 404
13 404
13 404
Free-cash
-17 367
-9 364
-10 211
-10 427

Estimated living cost  is ₴13404 per week

₴9471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴47606
-₴28889
-₴28691
-₴28610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
46 704
-
5 398
-
health
770
-
-
-
pensions
4 506
-
-
-
income
8 419
-
1 079
-
total
13 695
-
1 079
-
Employer
46 704
-
5 398
-
pensions
5 514
-
-
-
health
887
-
102
-
total
6 401
-
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
20 096
1 379
1 181
1 100
After tax
-14 596
4 121
4 319
4 400
Living cost
33 010
33 010
33 010
33 010
Free-cash
-47 606
-28 889
-28 691
-28 610

Estimated living cost  is ₴33010 per week

₴24735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4952
-₴1897
-₴3126
-₴3392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
814
health
-
-
-
632
total
-
-
-
2 293
Employee
8 738
-
4 598
-
accident

We are using the highest rate at 1.1%.

96
-
51
-
health
402
-
211
-
pensions

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

767
-
404
-
income
874
-
460
-
total
2 139
-
1 126
-
Employer
8 738
-
4 598
-
accident

We are using the highest rate at 1.1%.

96
-
51
-
pensions

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

963
-
506
-
unemployment
52
-
27
-
health
603
-
317
-
total
1 714
-
901
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
withholding
-
248
-
-
total
-
248
-
-
Income
5 500
5 500
5 500
5 500
Total tax
3 853
798
2 027
2 293
After tax
1 647
4 702
3 473
3 207
Living cost
6 599
6 599
6 599
6 599
Free-cash
-4 952
-1 897
-3 126
-3 392

Estimated living cost  is ₴6599 per week

₴3853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴49303
-₴48449
-₴51272
-₴24723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
990
health
-
-
-
844
total
-
-
-
2 329
Employee
46 637
42 957
42 957
-
health
5 818
5 608
6 593
-
pensions
5 894
5 894
7 732
-
income

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

7 031
7 031
7 031
-
total
18 743
18 533
21 356
-
Employer
46 637
42 957
42 957
-
pensions
3 246
2 990
2 990
-
unemployment
1 679
1 546
1 546
-
health
3 241
2 986
2 986
-
total
8 166
7 522
7 522
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
26 909
26 055
28 878
2 329
After tax
-21 409
-20 555
-23 378
3 171
Living cost
27 894
27 894
27 894
27 894
Free-cash
-49 303
-48 449
-51 272
-24 723

Estimated living cost  is ₴27894 per week

₴20576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2491
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.
₴4507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19053
-₴8672
-₴9668
-₴9781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 606
income
-
-
-
473
health
-
-
-
743
solidarity contribution
-
-
-
-
total
-
-
-
2 822
Employee
18 323
-
4 104
-
solidarity contribution
-
-
-
-
health
2 474
-
554
-
social contributions
1 191
-
267
-
income
2 199
-
493
-
total
5 864
-
1 314
-
Employer
18 323
-
4 104
-
social contributions
4 581
-
1 026
-
health
1 649
-
369
-
total
6 230
-
1 395
-
Corporate
-
5 500
-
-
income
-
1 045
-
-
total
-
1 045
-
-
Dividends
-
4 455
-
-
withholding
-
668
-
-
total
-
668
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 094
1 713
2 709
2 822
After tax
-6 594
3 787
2 791
2 678
Living cost
12 459
12 459
12 459
12 459
Free-cash
-19 053
-8 672
-9 668
-9 781

Estimated living cost  is ₴12459 per week

₴8654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴39207
-₴18292
-₴20935
-₴20025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
20
social contributions
-
-
-
3 899
municipal
-
-
-
12
national
-
-
-
368
total
-
-
-
4 299
Employee
44 706
-
5 500
-
national
7 747
-
90
-
regional
422
-
5
-
municipal
237
-
3
-
social contributions
15 075
-
5 111
-
total
23 481
-
5 209
-
Employer
44 706
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
nationa
-
1 320
-
-
municipal
-
215
-
-
total
-
1 535
-
-
Dividends
-
3 965
-
-
withholding
-
1 031
-
-
total
-
1 031
-
-
Income
5 500
5 500
5 500
5 500
Total tax
23 481
2 566
5 209
4 299
After tax
-17 981
2 934
291
1 201
Living cost
21 226
21 226
21 226
21 226
Free-cash
-39 207
-18 292
-20 935
-20 025

Estimated living cost  is ₴21226 per week

₴14796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14636
-₴7641
-₴8698
-₴8248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
713
pensions
-
-
-
1 343
health
-
-
-
477
surtax
-
-
-
-
total
-
-
-
2 648
Employee
16 635
-
4 087
-
surtax
54
-
-
-
unemployment
1 158
-
467
-
other
-
-
-
-
health
425
-
171
-
pensions
1 109
-
448
-
income
2 788
-
600
-
total
5 534
-
1 686
-
Employer
16 635
-
4 087
-
other
-
-
-
-
pensions
2 218
-
894
-
unemployment
527
-
213
-
health
757
-
305
-
total
3 502
-
1 412
-
Corporate
-
5 500
-
-
income
-
1 430
-
-
total
-
1 430
-
-
Dividends
-
4 070
-
-
withholding
-
611
-
-
total
-
611
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 036
2 041
3 098
2 648
After tax
-3 536
3 459
2 402
2 852
Living cost
11 100
11 100
11 100
11 100
Free-cash
-14 636
-7 641
-8 698
-8 248

Estimated living cost  is ₴11100 per week

₴6787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29782
-₴18430
-₴18232
-₴18151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
31 300
-
5 398
-
health
454
-
-
-
pensions
2 657
-
-
-
income
5 637
-
1 079
-
total
8 748
-
1 079
-
Employer
31 300
-
5 398
-
pensions
3 388
-
-
-
health
595
-
102
-
total
3 983
-
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
12 731
1 379
1 181
1 100
After tax
-7 231
4 121
4 319
4 400
Living cost
22 551
22 551
22 551
22 551
Free-cash
-29 782
-18 430
-18 232
-18 151

Estimated living cost  is ₴22551 per week

₴16895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴45614
-₴37364
-₴36707
-₴35181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
56
regional
-
-
-
-
pensions
-
-
-
506
national
-
-
-
-
health
-
-
-
130
total
-
-
-
802
Employee
46 669
-
4 265
-
national
221
-
-
-
unemployment
-
-
-
-
city
501
-
37
-
regional
1 528
-
-
-
health
105
-
9
-
pensions
3 921
-
1 094
-
total
6 276
-
1 140
-
Employer
46 669
-
4 265
-
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.

933
-
85
-
pensions
3 921
-
1 094
-
unemployment
-
-
-
-
health
105
-
9
-
total
4 959
-
1 188
-
Corporate
-
5 500
-
-
regional
-
1 164
-
-
national
-
467
-
-
total
-
1 631
-
-
Dividends
-
3 869
-
-
withholding
-
1 354
-
-
total
-
1 354
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 235
2 985
2 328
802
After tax
-5 735
2 515
3 172
4 698
Living cost
39 879
39 879
39 879
39 879
Free-cash
-45 614
-37 364
-36 707
-35 181

Estimated living cost  is ₴39879 per week

₴25933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3579
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴24732
-₴20190
-₴20981
-₴20981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
5 500
trade
-
-
-
-
income

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

-
-
-
-
health

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

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

-
-
-
3 437
surtax

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

-
-
-
-
total
-
-
-
3 437
Employee

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

30 231
-
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.

196
-
-
-
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.

3 437
-
3 437
-
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.

3 555
-
-
-
total
7 188
-
3 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
943
-
-
income
-
825
-
-
surtax

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

-
46
-
-
chamber of commerce
-
84
-
-
total
-
1 898
-
-
Dividends
-
3 602
-
-
withholding
-
709
-
-
surtax

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

-
39
-
-
total
-
748
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 188
2 646
3 437
3 437
After tax
-1 688
2 854
2 063
2 063
Living cost
23 044
23 044
23 044
23 044
Free-cash
-24 732
-20 190
-20 981
-20 981

Estimated living cost  is ₴23044 per week

₴16830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22753
-₴14439
-₴13610
-₴14394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
171
social contributions
-
-
-
157
income
-
-
-
-
pensions
-
-
-
2 222
health
-
-
-
134
surtax
-
-
-
-
total
-
-
-
2 684
Employee
21 529
-
4 191
-
surtax
-
-
-
-
pensions
2 434
-
474
-
social contributions
614
-
120
-
income
1 271
-
-
-
total
4 319
-
594
-
Employer
21 529
-
4 191
-
other
743
-
144
-
pensions
3 537
-
687
-
unemployment
872
-
170
-
social contributions
65
-
12
-
health
1 507
-
293
-
total
6 724
-
1 306
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
withholding
-
507
-
-
social contributions
-
682
-
-
surtax
-
-
-
-
total
-
1 189
-
-
Income
5 500
5 500
5 500
5 500
Total tax
11 043
2 729
1 900
2 684
After tax
-5 543
2 771
3 600
2 816
Living cost
17 210
17 210
17 210
17 210
Free-cash
-22 753
-14 439
-13 610
-14 394

Estimated living cost  is ₴17210 per week

₴10852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19719
-₴12734
-₴11905
-₴12689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
171
social contributions
-
-
-
157
income
-
-
-
-
pensions
-
-
-
2 222
health
-
-
-
134
surtax
-
-
-
-
total
-
-
-
2 684
Employee
19 218
-
4 191
-
surtax
-
-
-
-
pensions
2 174
-
474
-
social contributions
548
-
120
-
income
991
-
-
-
total
3 713
-
594
-
Employer
19 218
-
4 191
-
other
663
-
144
-
pensions
3 158
-
687
-
unemployment
778
-
170
-
social contributions
57
-
12
-
health
1 345
-
293
-
total
6 001
-
1 306
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
withholding
-
507
-
-
social contributions
-
682
-
-
surtax
-
-
-
-
total
-
1 189
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 714
2 729
1 900
2 684
After tax
-4 214
2 771
3 600
2 816
Living cost
15 505
15 505
15 505
15 505
Free-cash
-19 719
-12 734
-11 905
-12 689

Estimated living cost  is ₴15505 per week

₴8992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12877
-₴7547
-₴7087
-₴7313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
877
income
-
-
-
825
health
-
-
-
444
total
-
-
-
2 146
Employee
17 056
-
5 500
-
health
1 190
-
444
-
social contributions
2 354
-
877
-
income
2 845
-
599
-
total
6 389
-
1 920
-
Employer
17 056
-
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
-
-
health
444
444
-
-
withholding
-
784
-
-
social contributions
877
877
-
-
total
1 321
2 105
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 710
2 380
1 920
2 146
After tax
-2 210
3 120
3 580
3 354
Living cost
10 667
10 667
10 667
10 667
Free-cash
-12 877
-7 547
-7 087
-7 313

Estimated living cost  is ₴10667 per week

₴7138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
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.
₴2624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27449
-₴23678
-₴18580
-₴16870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
22
unemployment
-
-
-
3 085
income
-
-
-
-
pensions
-
-
-
1 018
health
-
-
-
421
surtax
-
-
-
99
total
-
-
-
4 645
Employee
25 139
20 047
20 047
-
unemployment
754
601
151
-
other
251
200
51
-
health
973
776
194
-
pensions
2 575
2 052
514
-
income
2 862
1 479
2 355
-
total
7 415
5 108
3 265
-
Employer
25 139
20 047
20 047
-
payroll
754
601
601
-
other
1 194
952
825
-
accident
326
261
37
-
pensions
3 155
2 516
630
-
unemployment
754
601
151
-
chamber of commerce
100
80
80
-
surtax
99
99
99
-
health
950
758
190
-
total
7 332
5 868
2 613
-
Corporate
1 909
1 909
1 909
-
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.

477
477
477
-
total
477
477
477
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 224
11 453
6 355
4 645
After tax
-9 724
-5 953
-855
855
Living cost
17 725
17 725
17 725
17 725
Free-cash
-27 449
-23 678
-18 580
-16 870

Estimated living cost  is ₴17725 per week

₴11822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴40957
-₴15093
-₴15786
-₴16376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 652
national
-
-
-
712
communal

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

-
-
-
171
total
-
-
-
3 535
Employee

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

35 982
-
4 260
-
national
11 062
-
926
-
unemployment

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

313
-
37
-
health

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

1 691
-
200
-
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.

2 699
-
320
-
communal

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

1 877
-
222
-
total
17 642
-
1 705
-
Employer

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

35 982
-
4 260
-
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.

468
-
55
-
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.

3 188
-
377
-
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.

525
-
62
-
surtax
4 080
-
483
-
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.

2 213
-
263
-
total
10 474
-
1 240
-
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.

-
1 130
-
-
total
-
1 130
-
-
Income
5 500
5 500
5 500
5 500
Total tax
28 116
2 252
2 945
3 535
After tax
-22 616
3 248
2 555
1 965
Living cost
18 341
18 341
18 341
18 341
Free-cash
-40 957
-15 093
-15 786
-16 376

Estimated living cost  is ₴18341 per week

₴11814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27522
-₴14381
-₴19089
-₴16340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11
unemployment
-
-
-
75
income
-
-
-
429
pensions
-
-
-
3 061
accident
-
-
-
97
total
-
-
-
3 673
Employee
25 040
-
145
-
unemployment
389
-
261
-
other
25
-
17
-
pensions
1 177
-
789
-
income
5 283
-
-
-
total
6 874
-
1 067
-
Employer
25 040
-
145
-
other
200
-
135
-
accident
495
-
332
-
pensions
5 909
-
3 964
-
unemployment
1 377
-
924
-
total
7 981
-
5 355
-
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
-
889
-
-
total
-
889
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 855
1 714
6 422
3 673
After tax
-9 355
3 786
-922
1 827
Living cost
18 167
18 167
18 167
18 167
Free-cash
-27 522
-14 381
-19 089
-16 340

Estimated living cost  is ₴18167 per week

₴13378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
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.
₴3238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴37146
-₴23573
-₴27678
-₴27678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
pensions
-
-
-
3 830
accident
-
-
-
216
communal
-
-
-
-
health
-
-
-
1 795
surtax
-
-
-
-
total
-
-
-
5 841
Employee
38 094
-
2 639
-
surtax
2 335
-
-
-
health
1 695
-
1 065
-
pensions
3 047
-
1 915
-
income
3 680
-
-
-
total
10 757
-
2 980
-
Employer
38 094
-
2 639
-
accident
343
-
216
-
pensions
3 047
-
1 915
-
health
1 162
-
730
-
total
4 552
-
2 861
-
Corporate
-
5 500
-
-
income
-
825
-
-
communal
-
-
-
-
surtax
-
57
-
-
total
-
882
-
-
Dividends
-
4 618
-
-
withholding
-
693
-
-
income
-
161
-
-
total
-
854
-
-
Income
5 500
5 500
5 500
5 500
Total tax
15 309
1 736
5 841
5 841
After tax
-9 809
3 764
-341
-341
Living cost
27 337
27 337
27 337
27 337
Free-cash
-37 146
-23 573
-27 678
-27 678

Estimated living cost  is ₴27337 per week

₴20507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1656
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.
₴4884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15006
-₴7840
-₴8897
-₴8447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
713
pensions
-
-
-
1 343
health
-
-
-
477
surtax
-
-
-
-
total
-
-
-
2 648
Employee
16 940
-
4 087
-
surtax
60
-
-
-
unemployment
1 179
-
467
-
other
-
-
-
-
health
432
-
171
-
pensions
1 130
-
448
-
income
2 840
-
600
-
total
5 641
-
1 686
-
Employer
16 940
-
4 087
-
other
-
-
-
-
pensions
2 259
-
894
-
unemployment
537
-
213
-
health
770
-
305
-
total
3 566
-
1 412
-
Corporate
-
5 500
-
-
income
-
1 430
-
-
total
-
1 430
-
-
Dividends
-
4 070
-
-
withholding
-
611
-
-
total
-
611
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 207
2 041
3 098
2 648
After tax
-3 707
3 459
2 402
2 852
Living cost
11 299
11 299
11 299
11 299
Free-cash
-15 006
-7 840
-8 897
-8 447

Estimated living cost  is ₴11299 per week

₴6822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22405
-₴10660
-₴13263
-₴12362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
32
social contributions
-
-
-
3 899
municipal
-
-
-
12
national
-
-
-
368
total
-
-
-
4 311
Employee
27 904
-
5 500
-
national
4 421
-
90
-
regional
376
-
8
-
municipal
148
-
3
-
social contributions
9 409
-
5 111
-
total
14 354
-
5 212
-
Employer
27 904
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
nationa
-
1 320
-
-
municipal
-
273
-
-
total
-
1 593
-
-
Dividends
-
3 907
-
-
withholding
-
1 016
-
-
total
-
1 016
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 354
2 609
5 212
4 311
After tax
-8 854
2 891
288
1 189
Living cost
13 551
13 551
13 551
13 551
Free-cash
-22 405
-10 660
-13 263
-12 362

Estimated living cost  is ₴13551 per week

₴8427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24755
-₴11566
-₴12562
-₴12675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 606
income
-
-
-
473
health
-
-
-
743
solidarity contribution
-
-
-
-
total
-
-
-
2 822
Employee
22 578
-
4 104
-
solidarity contribution
-
-
-
-
health
3 048
-
554
-
social contributions
1 468
-
267
-
income
2 709
-
493
-
total
7 225
-
1 314
-
Employer
22 578
-
4 104
-
social contributions
5 645
-
1 026
-
health
2 032
-
369
-
total
7 677
-
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
14 902
1 713
2 709
2 822
After tax
-9 402
3 787
2 791
2 678
Living cost
15 353
15 353
15 353
15 353
Free-cash
-24 755
-11 566
-12 562
-12 675

Estimated living cost  is ₴15353 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
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.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23296
-₴21902
-₴16806
-₴15095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
22
unemployment
-
-
-
3 085
income
-
-
-
-
pensions
-
-
-
1 018
health
-
-
-
421
surtax
-
-
-
-
total
-
-
-
4 546
Employee
21 989
20 047
20 047
-
unemployment
660
601
151
-
other
220
200
51
-
health
851
776
194
-
pensions
2 252
2 052
514
-
income
1 959
1 479
2 355
-
total
5 942
5 108
3 265
-
Employer
21 989
20 047
20 047
-
payroll
660
601
601
-
other
1 044
952
825
-
accident
285
261
39
-
pensions
2 760
2 516
630
-
unemployment
660
601
151
-
chamber of commerce
88
80
80
-
surtax
-
-
-
-
health
831
758
190
-
total
6 328
5 769
2 516
-
Corporate
1 909
1 909
1 909
-
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.

477
477
477
-
total
477
477
477
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 747
11 354
6 258
4 546
After tax
-7 247
-5 854
-758
954
Living cost
16 048
16 048
16 048
16 048
Free-cash
-23 296
-21 902
-16 806
-15 095

Estimated living cost  is ₴16048 per week

₴9627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2506
-₴1180
-₴2006
-₴960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
5 500
microenterprise

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

-
-
-
55
total
-
-
-
55
Employee
8 007
-
5 500
-
income
1 601
-
1 100
-
total
1 601
-
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
1 601
275
1 100
55
After tax
3 899
5 225
4 400
5 445
Living cost
6 406
6 406
6 406
6 406
Free-cash
-2 506
-1 180
-2 006
-960

Estimated living cost  is ₴6406 per week

₴4335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴269
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20208
-₴9705
-₴10378
-₴10177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
5 500
unemployment
-
-
-
9
income
-
-
-
631
pensions
-
-
-
1 004
health
-
-
-
541
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.

22 244
-
4 759
-
unemployment
32
-
7
-
health
1 437
-
307
-
pensions
3 448
-
738
-
income
3 836
-
593
-
total
8 753
-
1 645
-
Employer

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

22 244
-
4 759
-
pensions
1 968
-
421
-
unemployment
13
-
3
-
health
1 482
-
317
-
total
3 463
-
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
12 216
1 713
2 386
2 185
After tax
-6 716
3 787
3 114
3 315
Living cost
13 492
13 492
13 492
13 492
Free-cash
-20 208
-9 705
-10 378
-10 177

Estimated living cost  is ₴13492 per week

₴9260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
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.
₴3107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴68277
-₴18004
-₴22360
-₴17549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
5 500
social contributions
-
-
-
627
income
-
-
-
1 072
total
-
-
-
1 699
Employee
30 613
-
-
-
social contributions
2 510
-
358
-
income
6 753
-
-
-
total
9 263
-
358
-
Employer
30 613
-
-
-
social contributions
43 164
-
6 152
-
total
43 164
-
6 152
-
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
52 427
2 154
6 510
1 699
After tax
-46 927
3 346
-1 010
3 801
Living cost
21 350
21 350
21 350
21 350
Free-cash
-68 277
-18 004
-22 360
-17 549

Estimated living cost  is ₴21350 per week

₴13853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23130
-₴12649
-₴12397
-₴12510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
5 500
social contributions

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

-
-
-
1 911
income
-
-
-
321
surtax
-
-
-
-
total
-
-
-
2 232
Employee
23 136
-
4 444
-
surtax
-
-
-
-
social contributions
2 545
-
489
-
income
4 812
-
574
-
total
7 357
-
1 063
-
Employer
23 136
-
4 444
-
social contributions
5 495
-
1 056
-
total
5 495
-
1 056
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
surtax
-
-
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 216
-
-
total
-
1 216
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 852
2 371
2 119
2 232
After tax
-7 352
3 129
3 381
3 268
Living cost
15 778
15 778
15 778
15 778
Free-cash
-23 130
-12 649
-12 397
-12 510

Estimated living cost  is ₴15778 per week

₴11805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35846
-₴21525
-₴20696
-₴21480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
171
social contributions
-
-
-
157
income
-
-
-
-
pensions
-
-
-
2 222
health
-
-
-
134
surtax
-
-
-
-
total
-
-
-
2 684
Employee
31 506
-
4 191
-
surtax
-
-
-
-
pensions
3 564
-
474
-
social contributions
897
-
120
-
income
2 749
-
-
-
total
7 210
-
594
-
Employer
31 506
-
4 191
-
other
1 087
-
144
-
pensions
5 177
-
687
-
unemployment
1 276
-
170
-
social contributions
95
-
12
-
health
2 205
-
293
-
total
9 840
-
1 306
-
Corporate
-
5 500
-
-
income
-
1 540
-
-
surtax
-
-
-
-
total
-
1 540
-
-
Dividends
-
3 960
-
-
withholding
-
507
-
-
social contributions
-
682
-
-
surtax
-
-
-
-
total
-
1 189
-
-
Income
5 500
5 500
5 500
5 500
Total tax
17 050
2 729
1 900
2 684
After tax
-11 550
2 771
3 600
2 816
Living cost
24 296
24 296
24 296
24 296
Free-cash
-35 846
-21 525
-20 696
-21 480

Estimated living cost  is ₴24296 per week

₴16443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13179
-₴10171
-₴10669
-₴10830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 209
total
-
-
-
1 209
Employee
16 172
-
4 762
-
social contributions
1 051
-
310
-
income
-
-
-
-
total
1 051
-
310
-
Employer
16 172
-
4 762
-
social contributions
2 507
-
738
-
total
2 507
-
738
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
3 558
550
1 048
1 209
After tax
1 942
4 950
4 452
4 291
Living cost
15 121
15 121
15 121
15 121
Free-cash
-13 179
-10 171
-10 669
-10 830

Estimated living cost  is ₴15121 per week

₴9777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1140
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.
₴3920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴103936
-₴103936
-₴103936
-₴19530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
435
municipal
-
-
-
-
labour market
-
-
-
405
national
-
-
-
-
total
-
-
-
840
Employee
102 101
102 101
102 101
-
national
12 474
12 474
12 474
-
municipal
21 742
21 742
21 742
-
labour market
8 156
8 156
8 156
-
pensions
145
145
145
-
total
42 517
42 517
42 517
-
Employer
102 101
102 101
102 101
-
municipal
21 776
21 776
21 776
-
pensions
290
290
290
-
national
12 495
12 495
12 495
-
labour market
8 168
8 168
8 168
-
total
42 729
42 729
42 729
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
85 246
85 246
85 246
840
After tax
-79 746
-79 746
-79 746
4 660
Living cost
24 190
24 190
24 190
24 190
Free-cash
-103 936
-103 936
-103 936
-19 530

Estimated living cost  is ₴24190 per week

₴16556
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴372
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15650
-₴10723
-₴8265
-₴9597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
income
-
-
-
339
pensions
-
-
-
2 144
accident
-
-
-
130
health
-
-
-
1 124
total
-
-
-
3 928
Employee
17 569
-
4 569
-
health
2 012
-
523
-
pensions
1 978
-
515
-
income
2 410
-
627
-
total
6 400
-
1 665
-
Employer
17 569
-
4 569
-
accident
293
-
76
-
pensions
2 857
-
743
-
unemployment
431
-
112
-
total
3 581
-
931
-
Corporate
-
5 500
-
-
income

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

-
4 950
-
-
total
-
4 950
-
-
Dividends
-
550
-
-
withholding
-
104
-
-
total
-
104
-
-
Income
5 500
5 500
5 500
5 500
Total tax
9 981
5 054
2 596
3 928
After tax
-4 481
446
2 904
1 572
Living cost
11 169
11 169
11 169
11 169
Free-cash
-15 650
-10 723
-8 265
-9 597

Estimated living cost  is ₴11169 per week

₴8130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25960
-₴15507
-₴15833
-₴14803
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
5 500
municipal
-
-
-
990
national
-
-
-
-
health
-
-
-
-
total
-
-
-
990
Employee
26 466
-
4 627
-
national
437
-
-
-
unemployment
397
-
70
-
health
198
-
-
-
municipal
4 335
-
764
-
pensions
1 786
-
312
-
total
7 153
-
1 146
-
Employer
26 466
-
4 627
-
accident
27
-
5
-
pensions
4 592
-
803
-
unemployment
172
-
31
-
health
203
-
35
-
total
4 994
-
874
-
Corporate
-
5 500
-
-
income
-
1 100
-
-
total
-
1 100
-
-
Dividends

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

-
3 300
-
-
municipal
-
594
-
-
national
-
-
-
-
total
-
594
-
-
Income
5 500
5 500
5 500
5 500
Total tax
12 147
1 694
2 020
990
After tax
-6 647
3 806
3 480
4 510
Living cost
19 313
19 313
19 313
19 313
Free-cash
-25 960
-15 507
-15 833
-14 803

Estimated living cost  is ₴19313 per week

₴12615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1858
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.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13909
-₴17522
-₴13125
-₴9618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
19 123
social contributions
-
-
-
2 983
income
-
-
-
-
health
-
-
-
488
total
-
-
-
3 471
Employee
38 681
38 681
38 681
-
health
300
658
221
-
social contributions
1 462
3 210
1 083
-
income
4 212
3 581
4 349
-
total
5 974
7 449
5 653
-
Employer
38 681
38 681
38 681
-
social contributions
1 462
3 210
1 083
-
health
326
716
242
-
total
1 788
3 926
1 325
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
5 500
5 500
5 500
5 500
Total tax
7 762
11 375
6 978
3 471
After tax
-2 262
-5 875
-1 478
2 029
Living cost
11 647
11 647
11 647
11 647
Free-cash
-13 909
-17 522
-13 125
-9 618

Estimated living cost  is ₴11647 per week

₴6980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1143
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.
₴3267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7234
-₴3433
-₴5717
-₴7563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
5 500
unemployment
-
-
-
14
income
-
-
-
42
pensions
-
-
-
3 200
health
-
-
-
1 820
total
-
-
-
5 076
Employee

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

11 546
-
4 597
-
unemployment
57
-
44
-
health
981
-
745
-
pensions
1 732
-
1 314
-
income
789
-
224
-
total
3 559
-
2 327
-
Employer

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

11 546
-
4 597
-
pensions
635
-
482
-
unemployment
57
-
44
-
health
496
-
377
-
total
1 188
-
903
-
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
4 747
946
3 230
5 076
After tax
753
4 554
2 270
424
Living cost
7 987
7 987
7 987
7 987
Free-cash
-7 234
-3 433
-5 717
-7 563

Estimated living cost  is ₴7987 per week

₴5096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴576
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.
₴2077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19028
-₴10047
-₴14755
-₴12006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11
unemployment
-
-
-
75
income
-
-
-
429
pensions
-
-
-
3 061
accident
-
-
-
97
total
-
-
-
3 673
Employee
18 600
-
145
-
unemployment
288
-
261
-
other
18
-
17
-
pensions
874
-
789
-
income
3 586
-
-
-
total
4 766
-
1 067
-
Employer
18 600
-
145
-
other
149
-
135
-
accident
368
-
332
-
pensions
4 389
-
3 964
-
unemployment
1 023
-
924
-
total
5 929
-
5 355
-
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
-
889
-
-
total
-
889
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 695
1 714
6 422
3 673
After tax
-5 195
3 786
-922
1 827
Living cost
13 833
13 833
13 833
13 833
Free-cash
-19 028
-10 047
-14 755
-12 006

Estimated living cost  is ₴13833 per week

₴9337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1330
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.
₴2924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2321
₴2478
₴1992
₴2060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 285
pensions
-
-
-
696
health
-
-
-
505
total
-
-
-
2 486
Employee
1 453
-
4 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
1 248
-
total
500
-
1 770
-
Employer
1 453
-
4 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
331
-
total
327
-
784
-
Corporate
3 720
5 500
-
-
income
818
1 210
-
-
total
818
1 210
-
-
Dividends
2 901
4 290
-
-
withholding
580
858
-
-
total
580
858
-
-
Income
5 500
5 500
5 500
5 500
Total tax
2 225
2 068
2 554
2 486
After tax
3 275
3 432
2 946
3 014
Living cost
954
954
954
954
Free-cash
2 321
2 478
1 992
2 060

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9935
-₴4708
-₴5169
-₴5454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
5 500
unemployment
-
-
-
82
income
-
-
-
193
pensions
-
-
-
1 430
health
-
-
-
567
total
-
-
-
2 272
Employee

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

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

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

13 092
-
4 665
-
unemployment
98
-
35
-
health
674
-
240
-
pensions
1 833
-
653
-
income
1 805
-
224
-
total
4 410
-
1 152
-
Employer

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

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

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

13 092
-
4 665
-
pensions
1 571
-
560
-
unemployment
98
-
35
-
health
674
-
240
-
total
2 343
-
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
6 753
1 526
1 987
2 272
After tax
-1 253
3 974
3 513
3 228
Living cost
8 682
8 682
8 682
8 682
Free-cash
-9 935
-4 708
-5 169
-5 454

Estimated living cost  is ₴8682 per week

₴5846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18660
-₴10432
-₴10180
-₴10293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
5 500
social contributions

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

-
-
-
1 911
income
-
-
-
321
surtax
-
-
-
-
total
-
-
-
2 232
Employee
19 524
-
4 444
-
surtax
-
-
-
-
social contributions
2 148
-
489
-
income
3 815
-
574
-
total
5 963
-
1 063
-
Employer
19 524
-
4 444
-
social contributions
4 636
-
1 056
-
total
4 636
-
1 056
-
Corporate
-
5 500
-
-
income
-
1 155
-
-
surtax
-
-
-
-
total
-
1 155
-
-
Dividends
-
4 345
-
-
withholding
-
1 216
-
-
total
-
1 216
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 599
2 371
2 119
2 232
After tax
-5 099
3 129
3 381
3 268
Living cost
13 561
13 561
13 561
13 561
Free-cash
-18 660
-10 432
-10 180
-10 293

Estimated living cost  is ₴13561 per week

₴9605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴942
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.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26540
-₴13893
-₴18601
-₴15852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11
unemployment
-
-
-
75
income
-
-
-
429
pensions
-
-
-
3 061
accident
-
-
-
97
total
-
-
-
3 673
Employee
24 294
-
145
-
unemployment
376
-
261
-
other
24
-
17
-
pensions
1 142
-
789
-
income
5 074
-
-
-
total
6 616
-
1 067
-
Employer
24 294
-
145
-
other
195
-
135
-
accident
481
-
332
-
pensions
5 733
-
3 964
-
unemployment
1 336
-
924
-
total
7 745
-
5 355
-
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
-
889
-
-
total
-
889
-
-
Income
5 500
5 500
5 500
5 500
Total tax
14 361
1 714
6 422
3 673
After tax
-8 861
3 786
-922
1 827
Living cost
17 679
17 679
17 679
17 679
Free-cash
-26 540
-13 893
-18 601
-15 852

Estimated living cost  is ₴17679 per week

₴12696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8214
-₴3956
-₴5185
-₴5451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
814
health
-
-
-
632
total
-
-
-
2 293
Employee
11 465
-
4 598
-
accident

We are using the highest rate at 1.1%.

126
-
51
-
health
527
-
211
-
pensions

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

1 007
-
404
-
income
1 147
-
460
-
total
2 807
-
1 126
-
Employer
11 465
-
4 598
-
accident

We are using the highest rate at 1.1%.

126
-
51
-
pensions

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

1 263
-
506
-
unemployment
69
-
27
-
health
791
-
317
-
total
2 249
-
901
-
Corporate
-
5 500
-
-
income
-
550
-
-
total
-
550
-
-
Dividends
-
4 950
-
-
withholding
-
248
-
-
total
-
248
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 056
798
2 027
2 293
After tax
444
4 702
3 473
3 207
Living cost
8 658
8 658
8 658
8 658
Free-cash
-8 214
-3 956
-5 185
-5 451

Estimated living cost  is ₴8658 per week

₴5726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19530
-₴16453
-₴17358
-₴17358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
5 500
trade
-
-
-
-
income

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

-
-
-
-
health

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

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

-
-
-
3 437
surtax

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

-
-
-
-
total
-
-
-
3 437
Employee

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

25 029
-
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.

114
-
-
-
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.

3 437
-
3 437
-
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.

2 058
-
-
-
total
5 609
-
3 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
5 500
-
-
trade
-
789
-
-
income
-
825
-
-
surtax

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

-
46
-
-
chamber of commerce
-
84
-
-
total
-
1 744
-
-
Dividends
-
3 756
-
-
withholding
-
747
-
-
surtax

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

-
41
-
-
total
-
788
-
-
Income
5 500
5 500
5 500
5 500
Total tax
5 609
2 532
3 437
3 437
After tax
-109
2 968
2 063
2 063
Living cost
19 421
19 421
19 421
19 421
Free-cash
-19 530
-16 453
-17 358
-17 358

Estimated living cost  is ₴19421 per week

₴13397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2090
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.
₴3652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴33849
-₴24804
-₴23155
-₴23155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
29
income
-
-
-
-29
total
-
-
-
-
Employee
39 348
-
5 500
-
social contributions
3 269
-
29
-
income
7 425
-
-29
-
total
10 694
-
-
-
Employer
39 348
-
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
10 694
1 649
-
-
After tax
-5 194
3 851
5 500
5 500
Living cost
28 655
28 655
28 655
28 655
Free-cash
-33 849
-24 804
-23 155
-23 155

Estimated living cost  is ₴28655 per week

₴21800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21390
-₴16187
-₴14508
-₴30142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
5 500
health

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

-
-
-
3 063
income
-
-
-
14 319
total
-
-
-
17 382
Employee
23 076
-
4 626
-
social contributions
2 312
-
874
-
income
2 504
-
-
-
total
4 816
-
874
-
Employer
23 076
-
4 626
-
social contributions
2 312
-
874
-
total
2 312
-
874
-
Corporate
-
5 500
-
-
income
-
1 925
-
-
total
-
1 925
-
-
Dividends
-
3 575
-
-
social contributions
1 502
1 502
-
-
total
1 502
1 502
-
-
Income
5 500
5 500
5 500
5 500
Total tax
8 630
3 427
1 748
17 382
After tax
-3 130
2 073
3 752
-11 882
Living cost
18 260
18 260
18 260
18 260
Free-cash
-21 390
-16 187
-14 508
-30 142

Estimated living cost  is ₴18260 per week

₴12028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1440
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.
₴4512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22686
-₴14212
-₴14015
-₴13934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
25 165
-
5 398
-
health
328
-
-
-
pensions
1 921
-
-
-
income
4 583
-
1 079
-
total
6 832
-
1 079
-
Employer
25 165
-
5 398
-
pensions
2 543
-
-
-
health
478
-
102
-
total
3 021
-
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
9 853
1 379
1 181
1 100
After tax
-4 353
4 121
4 319
4 400
Living cost
18 334
18 334
18 334
18 334
Free-cash
-22 686
-14 212
-14 015
-13 934

Estimated living cost  is ₴18334 per week

₴12577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴17743
-₴11829
-₴9371
-₴10703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
income
-
-
-
339
pensions
-
-
-
2 144
accident
-
-
-
130
health
-
-
-
1 124
total
-
-
-
3 928
Employee
19 308
-
4 569
-
health
2 211
-
523
-
pensions
2 174
-
515
-
income
2 649
-
627
-
total
7 034
-
1 665
-
Employer
19 308
-
4 569
-
accident
322
-
76
-
pensions
3 139
-
743
-
unemployment
473
-
112
-
total
3 934
-
931
-
Corporate
-
5 500
-
-
income

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

-
4 950
-
-
total
-
4 950
-
-
Dividends
-
550
-
-
withholding
-
104
-
-
total
-
104
-
-
Income
5 500
5 500
5 500
5 500
Total tax
10 968
5 054
2 596
3 928
After tax
-5 468
446
2 904
1 572
Living cost
12 275
12 275
12 275
12 275
Free-cash
-17 743
-11 829
-9 371
-10 703

Estimated living cost  is ₴12275 per week

₴9008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴715
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.
₴2304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5369
-₴2119
-₴3356
-₴3356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

10 871
-
5 500
-
health insurance
804
-
407
-
unemployment
130
-
66
-
work injury
54
-
27
-
pensions
2 000
-
1 012
-
income
1 087
-
550
-
total
4 075
-
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
4 075
825
2 062
2 062
After tax
1 425
4 675
3 438
3 438
Living cost
6 794
6 794
6 794
6 794
Free-cash
-5 369
-2 119
-3 356
-3 356

Estimated living cost  is ₴6794 per week

₴4209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴36889
-₴17143
-₴19752
-₴18849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
28
social contributions
-
-
-
3 899
municipal
-
-
-
14
national
-
-
-
368
total
-
-
-
4 309
Employee
42 389
-
5 500
-
national
7 163
-
90
-
regional
640
-
7
-
municipal
253
-
4
-
social contributions
14 293
-
5 111
-
total
22 349
-
5 212
-
Employer
42 389
-
5 500
-
total
-
-
-
-
Corporate
-
5 500
-
-
nationa
-
1 320
-
-
municipal
-
265
-
-
total
-
1 585
-
-
Dividends
-
3 914
-
-
withholding
-
1 018
-
-
total
-
1 018
-
-
Income
5 500
5 500
5 500
5 500
Total tax
22 349
2 603
5 212
4 309
After tax
-16 849
2 897
288
1 191
Living cost
20 040
20 040
20 040
20 040
Free-cash
-36 889
-17 143
-19 752
-18 849

Estimated living cost  is ₴20040 per week

₴14076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
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