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
₴ 55000
per

Your estimated
City
free-cash

Dresden , Germany
₴14879
₴18056
₴23601
₴19588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
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.

-
-
-
14 785
trade
-
-
-
5 545
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.

-
-
-
2 908
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.

-
-
-
813
total
-
-
-
24 051
Employee

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

16 281
-
55 000
-
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.

455
-
14 785
-
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.

2 908
-
2 908
-
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.

25
-
813
-
total
3 388
-
18 506
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 719
55 000
-
-
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.

319
454
-
-
trade
6 099
8 663
-
-
chamber of commerce
120
144
-
-
income
5 808
8 250
-
-
total
12 346
17 511
-
-
Dividends
26 373
37 490
-
-
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.

354
506
-
-
withholding
6 431
9 211
-
-
total
6 785
9 717
-
-
Income
55 000
55 000
55 000
55 000
Total tax
22 519
27 228
18 506
24 051
After tax
32 481
27 772
36 494
30 949
Living cost
12 893
12 893
12 893
12 893
Free-cash
19 588
14 879
23 601
18 056

Estimated living cost  is ₴12893 per week

₴8110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1503
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.
₴3039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12901
₴11379
₴11810
₴12546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
municipal
-
-
-
5 888
social contributions
-
-
-
591
pensions
-
-
-
6 600
national
-
-
-
9 123
total
-
-
-
22 202
Employee
33 204
-
47 547
-
municipal
4 101
-
6 101
-
pensions
1 328
-
1 902
-
national
6 355
-
9 453
-
total
11 784
-
17 456
-
Employer
33 204
-
47 547
-
social contributions
357
-
511
-
pensions
2 656
-
3 804
-
total
3 013
-
4 315
-
Corporate
16 592
55 000
-
-
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%.

3 318
11 000
-
-
total
3 318
11 000
-
-
Dividends
13 273
44 000
-
-
withholding
2 920
9 680
-
-
total
2 920
9 680
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 035
20 680
21 771
22 202
After tax
33 965
34 320
33 229
32 798
Living cost
21 419
21 419
21 419
21 419
Free-cash
12 546
12 901
11 810
11 379

Estimated living cost  is ₴21419 per week

₴14558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35144
₴7396
₴22003
₴31653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
income
-
-
-
8 414
microenterprise
-
-
-
-
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.

-
-
-
16 309
surtax
-
-
-
14 025
total
-
-
-
38 748
Employee
12 438
-
44 323
-
income
2 214
-
8 588
-
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.

1 368
-
4 876
-
surtax
-
-
-
-
total
3 582
-
13 464
-
Employer
12 438
-
44 323
-
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.

2 996
-
10 677
-
surtax
-
-
-
-
total
2 996
-
10 677
-
Corporate
39 566
55 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

7 913
11 000
-
-
total
7 913
11 000
-
-
Dividends

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

31 653
44 000
-
-
total
-
-
-
-
Income
55 000
55 000
55 000
55 000
Total tax
14 491
11 000
24 141
38 748
After tax
40 509
44 000
30 859
16 252
Living cost
8 856
8 856
8 856
8 856
Free-cash
31 653
35 144
22 003
7 396

Estimated living cost  is ₴8856 per week

₴5650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9100
₴13877
₴13071
₴6493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
13 055
health
-
-
-
5 249
pensions
-
-
-
4 987
total
-
-
-
23 291
Employee
36 350
36 350
47 089
-
pensions
6 543
4 987
4 987
-
income

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

5 950
5 950
5 950
-
health
5 579
4 746
5 249
-
total
18 072
15 683
16 186
-
Employer
36 350
36 350
47 089
-
unemployment
1 309
1 309
1 626
-
health
2 527
2 527
3 140
-
pensions
2 530
2 530
3 145
-
total
6 366
6 366
7 911
-
Corporate
12 731
12 285
-
-
income
2 546
2 457
-
-
total
2 546
2 457
-
-
Dividends
10 185
9 828
-
-
income
2 164
2 088
-
-
withholding
1 527
1 474
-
-
total
3 691
3 562
-
-
Income
55 000
55 000
55 000
55 000
Total tax
30 675
28 068
24 097
23 291
After tax
24 325
26 932
30 903
31 709
Living cost
17 832
17 832
17 832
17 832
Free-cash
6 493
9 100
13 071
13 877

Estimated living cost  is ₴17832 per week

₴12637
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1607
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.
₴3304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13464
₴12611
₴12165
₴13092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
unemployment
-
-
-
36
other
-
-
-
4 219
health
-
-
-
2 265
municipal
-
-
-
13 265
national
-
-
-
2 040
pensions
-
-
-
3 925
accident
-
-
-
73
total
-
-
-
25 823
Employee
23 605
-
43 593
-
municipal
7 039
-
12 999
-
national
-
-
1 862
-
total
7 039
-
14 861
-
Employer
23 605
-
43 593
-
accident
47
-
73
-
unemployment
623
-
958
-
health
1 452
-
2 233
-
pensions
2 552
-
3 925
-
other
2 743
-
4 219
-
total
7 417
-
11 408
-
Corporate
23 979
55 000
-
-
income
5 275
12 100
-
-
total
5 275
12 100
-
-
Dividends
18 703
42 900
-
-
withholding
5 611
12 870
-
-
total
5 611
12 870
-
-
Income
55 000
55 000
55 000
55 000
Total tax
25 342
24 970
26 269
25 823
After tax
29 658
30 030
28 731
29 177
Living cost
16 566
16 566
16 566
16 566
Free-cash
13 092
13 464
12 165
12 611

Estimated living cost  is ₴16566 per week

₴10979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10766
₴13980
₴19772
₴16749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
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.

-
-
-
14 785
trade
-
-
-
5 792
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.

-
-
-
2 908
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.

-
-
-
813
total
-
-
-
24 298
Employee

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

21 586
-
55 000
-
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.

1 855
-
14 785
-
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.

2 908
-
2 908
-
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.

102
-
813
-
total
4 865
-
18 506
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 414
55 000
-
-
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.

275
454
-
-
trade
5 497
9 048
-
-
chamber of commerce
112
143
-
-
income
5 012
8 250
-
-
total
10 896
17 895
-
-
Dividends
22 517
37 105
-
-
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.

300
502
-
-
withholding
5 468
9 115
-
-
total
5 768
9 617
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 529
27 512
18 506
24 298
After tax
33 471
27 488
36 494
30 702
Living cost
16 722
16 722
16 722
16 722
Free-cash
16 749
10 766
19 772
13 980

Estimated living cost  is ₴16722 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26381
₴24700
₴24120
₴24615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
8 205
health
-
-
-
1 402
social contributions
-
-
-
6 887
total
-
-
-
16 494
Employee
32 731
32 731
50 404
-
income
3 437
3 030
7 957
-
health
326
557
857
-
social contributions
1 591
2 717
3 664
-
total
5 354
6 304
12 478
-
Employer
32 731
32 731
50 404
-
social contributions
1 591
2 717
3 664
-
health
355
606
932
-
total
1 946
3 323
4 596
-
Corporate
33 895
18 946
-
-
income
4 237
2 368
-
-
total
4 237
2 368
-
-
Dividends
29 659
16 578
-
-
withholding
5 042
2 818
-
-
total
5 042
2 818
-
-
Income
55 000
55 000
55 000
55 000
Total tax
16 579
14 813
17 074
16 494
After tax
38 421
40 187
37 926
38 506
Living cost
13 806
13 806
13 806
13 806
Free-cash
24 615
26 381
24 120
24 700

Estimated living cost  is ₴13806 per week

₴9438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1078
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23200
₴30363
₴24145
₴23360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
6 724
unemployment
-
-
-
825
health
-
-
-
3 850
pensions
-
-
-
5 500
total
-
-
-
16 899
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.

11 170
4 445
46 025
-
pensions
1 117
445
4 603
-
unemployment
168
67
690
-
income
1 366
543
5 627
-
health
782
311
3 222
-
total
3 433
1 366
14 142
-
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.

11 170
4 445
46 025
-
pensions
2 178
867
8 975
-
total
2 178
867
8 975
-
Corporate
41 652
49 688
-
-
income
3 749
4 472
-
-
total
3 749
4 472
-
-
Dividends
37 903
45 216
-
-
withholding
7 202
8 591
-
-
social contributions
7 340
8 766
-
-
total
14 542
17 357
-
-
Income
55 000
55 000
55 000
55 000
Total tax
23 902
24 062
23 117
16 899
After tax
31 098
30 938
31 883
38 101
Living cost
7 738
7 738
7 738
7 738
Free-cash
23 360
23 200
24 145
30 363

Estimated living cost  is ₴7738 per week

₴5281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33719
₴19199
₴21421
₴31075
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
7 370
health
-
-
-
7 150
pensions
-
-
-
11 000
total
-
-
-
25 520
Employee
12 075
-
41 106
-
pensions
242
-
822
-
unemployment
193
-
658
-
income
1 359
-
7 925
-
total
1 794
-
9 405
-
Employer
12 075
-
41 106
-
unemployment
97
-
329
-
health
1 570
-
5 343
-
pensions
2 415
-
8 221
-
total
4 082
-
13 893
-
Corporate
38 843
55 000
-
-
income
7 768
11 000
-
-
total
7 768
11 000
-
-
Dividends
31 075
44 000
-
-
total
-
-
-
-
Income
55 000
55 000
55 000
55 000
Total tax
13 644
11 000
23 298
25 520
After tax
41 356
44 000
31 702
29 480
Living cost
10 281
10 281
10 281
10 281
Free-cash
31 075
33 719
21 421
19 199

Estimated living cost  is ₴10281 per week

₴7052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4948
₴28269
₴19758
₴3012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
14 352
other
-
-
-
158
health
-
-
-
932
pensions
-
-
-
1 778
accident
-
-
-
108
total
-
-
-
17 328
Employee
14 791
-
48 301
-
pensions
1 666
-
3 261
-
income
2 029
-
10 348
-
health
1 694
-
5 531
-
total
5 389
-
19 140
-
Employer
14 791
-
48 301
-
accident
247
-
807
-
unemployment
362
-
1 183
-
pensions
2 405
-
4 709
-
total
3 014
-
6 699
-
Corporate
37 194
55 000
-
-
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.

33 475
49 500
-
-
total
33 475
49 500
-
-
Dividends
3 720
5 500
-
-
withholding
707
1 045
-
-
total
707
1 045
-
-
Income
55 000
55 000
55 000
55 000
Total tax
42 585
50 545
25 839
17 328
After tax
12 415
4 455
29 161
37 672
Living cost
9 403
9 403
9 403
9 403
Free-cash
3 012
-4 948
19 758
28 269

Estimated living cost  is ₴9403 per week

₴6891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48386
₴50586
₴40136
₴47661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
55 000
microenterprise

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

-
-
-
550
total
-
-
-
550
Employee
4 830
-
55 000
-
income
966
-
11 000
-
total
966
-
11 000
-
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%.

50 170
55 000
-
-
total
-
-
-
-
Dividends
50 170
55 000
-
-
withholding
2 509
2 750
-
-
total
2 509
2 750
-
-
Income
55 000
55 000
55 000
55 000
Total tax
3 475
2 750
11 000
550
After tax
51 525
52 250
44 000
54 450
Living cost
3 864
3 864
3 864
3 864
Free-cash
47 661
48 386
40 136
50 586

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29067
₴18035
₴20310
₴26192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
7 391
other
-
-
-
2 612
health
-
-
-
2 420
pensions

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

-
-
-
13 200
total
-
-
-
25 623
Employee
15 455
-
43 929
-
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.

1 082
-
3 075
-
unemployment
154
-
439
-
income
2 661
-
8 149
-
health
216
-
615
-
total
4 113
-
12 278
-
Employer
15 455
-
43 929
-
accident
124
-
351
-
unemployment
154
-
439
-
health
216
-
615
-
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.

2 628
-
7 469
-
other
773
-
2 196
-
total
3 895
-
11 070
-
Corporate
35 650
55 000
-
-
income
7 486
11 550
-
-
total
7 486
11 550
-
-
Dividends
28 163
43 450
-
-
withholding
1 972
3 041
-
-
total
1 972
3 041
-
-
Income
55 000
55 000
55 000
55 000
Total tax
17 466
14 591
23 348
25 623
After tax
37 534
40 409
31 652
29 377
Living cost
11 342
11 342
11 342
11 342
Free-cash
26 192
29 067
20 310
18 035

Estimated living cost  is ₴11342 per week

₴8014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2380
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9485
₴9277
₴4183
₴6551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
13 517
pensions
-
-
-
3 453
total
-
-
-
16 970
Employee
40 681
-
48 238
-
pensions
3 925
-
4 399
-
income
7 333
-
10 122
-
health
670
-
780
-
total
11 928
-
15 301
-
Employer
40 681
-
48 238
-
health
773
-
917
-
pensions
4 803
-
5 846
-
total
5 576
-
6 763
-
Corporate
8 743
55 000
-
-
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.

1 661
10 450
-
-
total
1 661
10 450
-
-
Dividends
7 082
44 550
-
-
withholding
531
6 312
-
-
total
531
6 312
-
-
Income
55 000
55 000
55 000
55 000
Total tax
19 696
16 762
22 064
16 970
After tax
35 304
38 238
32 936
38 030
Living cost
28 753
28 753
28 753
28 753
Free-cash
6 551
9 485
4 183
9 277

Estimated living cost  is ₴28753 per week

₴21545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴41442
₴37197
₴39137
₴39465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
8 250
unemployment
-
-
-
59
health
-
-
-
1 710
pensions

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

-
-
-
2 201
total
-
-
-
12 220
Employee
7 392
-
52 082
-
pensions

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

649
-
1 306
-
income
739
-
5 208
-
health
340
-
684
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
total
1 809
-
7 362
-
Employer
7 392
-
52 082
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
health
510
-
1 026
-
pensions

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

815
-
1 639
-
total
1 450
-
2 918
-
Corporate
46 157
55 000
-
-
income
4 616
5 500
-
-
total
4 616
5 500
-
-
Dividends
41 541
49 500
-
-
withholding
2 077
2 475
-
-
total
2 077
2 475
-
-
Income
55 000
55 000
55 000
55 000
Total tax
9 952
7 975
10 280
12 220
After tax
45 048
47 025
44 720
42 780
Living cost
5 583
5 583
5 583
5 583
Free-cash
39 465
41 442
39 137
37 197

Estimated living cost  is ₴5583 per week

₴3259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3328
₴8105
₴7299
₴4401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
13 055
health
-
-
-
5 249
pensions
-
-
-
4 987
total
-
-
-
23 291
Employee
39 464
36 350
47 089
-
pensions
4 987
4 987
4 987
-
income

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

5 950
5 950
5 950
-
health
4 923
4 746
5 249
-
total
15 860
15 683
16 186
-
Employer
39 464
36 350
47 089
-
unemployment
1 421
1 309
1 626
-
health
2 742
2 527
3 140
-
pensions
2 746
2 530
3 145
-
total
6 909
6 366
7 911
-
Corporate
8 626
12 285
-
-
income
1 725
2 457
-
-
total
1 725
2 457
-
-
Dividends
6 901
9 828
-
-
income
1 466
2 088
-
-
withholding
1 035
1 474
-
-
total
2 501
3 562
-
-
Income
55 000
55 000
55 000
55 000
Total tax
26 995
28 068
24 097
23 291
After tax
28 005
26 932
30 903
31 709
Living cost
23 604
23 604
23 604
23 604
Free-cash
4 401
3 328
7 299
8 105

Estimated living cost  is ₴23604 per week

₴17412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27710
₴17857
₴17753
₴24085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
4 944
health
-
-
-
7 425
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 616
total
-
-
-
26 985
Employee
14 938
-
41 045
-
solidarity contribution
-
-
-
-
income
1 793
-
4 925
-
health
2 017
-
5 541
-
social contributions
971
-
2 668
-
total
4 781
-
13 134
-
Employer
14 938
-
41 045
-
social contributions
3 734
-
10 261
-
health
1 344
-
3 694
-
total
5 078
-
13 955
-
Corporate
34 984
55 000
-
-
income
6 647
10 450
-
-
total
6 647
10 450
-
-
Dividends
28 337
44 550
-
-
withholding
4 251
6 682
-
-
total
4 251
6 682
-
-
Income
55 000
55 000
55 000
55 000
Total tax
20 757
17 132
27 089
26 985
After tax
34 243
37 868
27 911
28 015
Living cost
10 158
10 158
10 158
10 158
Free-cash
24 085
27 710
17 753
17 857

Estimated living cost  is ₴10158 per week

₴7056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11384
₴9386
₴6768
₴9162
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
municipal
-
-
-
327
regional
-
-
-
628
social contributions
-
-
-
14 146
national
-
-
-
12 552
total
-
-
-
27 653
Employee
37 830
-
55 000
-
municipal
200
-
292
-
national
6 555
-
10 880
-
social contributions
12 756
-
18 546
-
regional
357
-
553
-
total
19 868
-
30 271
-
Employer
37 830
-
55 000
-
total
-
-
-
-
Corporate
17 170
55 000
-
-
municipal
670
2 145
-
-
nationa
4 120
13 200
-
-
total
4 790
15 345
-
-
Dividends
12 380
39 656
-
-
withholding
3 219
10 310
-
-
total
3 219
10 310
-
-
Income
55 000
55 000
55 000
55 000
Total tax
27 877
25 655
30 271
27 653
After tax
27 123
29 345
24 729
27 347
Living cost
17 961
17 961
17 961
17 961
Free-cash
9 162
11 384
6 768
9 386

Estimated living cost  is ₴17961 per week

₴12520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25202
₴16935
₴16027
₴23877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
12 021
unemployment
-
-
-
97
other
-
-
-
-
health
-
-
-
3 906
pensions
-
-
-
11 000
surtax
-
-
-
1 648
total
-
-
-
28 672
Employee
14 076
-
45 435
-
pensions
939
-
3 031
-
unemployment
980
-
3 162
-
other
-
-
-
-
income
2 360
-
11 160
-
health
359
-
1 158
-
surtax
46
-
1 504
-
total
4 684
-
20 015
-
Employer
14 076
-
45 435
-
unemployment
446
-
1 440
-
health
641
-
2 068
-
pensions
1 876
-
6 057
-
other
-
-
-
-
total
2 963
-
9 565
-
Corporate
37 961
55 000
-
-
income
9 870
14 300
-
-
total
9 870
14 300
-
-
Dividends
28 091
40 700
-
-
withholding
4 213
6 105
-
-
total
4 213
6 105
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 730
20 405
29 580
28 672
After tax
33 270
34 595
25 420
26 328
Living cost
9 393
9 393
9 393
9 393
Free-cash
23 877
25 202
16 027
16 935

Estimated living cost  is ₴9393 per week

₴5743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
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.
₴2566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18595
₴18387
₴13293
₴18183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
13 517
pensions
-
-
-
3 453
total
-
-
-
16 970
Employee
27 263
-
48 238
-
pensions
2 314
-
4 399
-
income
4 910
-
10 122
-
health
396
-
780
-
total
7 620
-
15 301
-
Employer
27 263
-
48 238
-
health
518
-
917
-
pensions
2 951
-
5 846
-
total
3 469
-
6 763
-
Corporate
24 267
55 000
-
-
income

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

4 611
10 450
-
-
total
4 611
10 450
-
-
Dividends
19 656
44 550
-
-
withholding
1 474
6 312
-
-
total
1 474
6 312
-
-
Income
55 000
55 000
55 000
55 000
Total tax
17 174
16 762
22 064
16 970
After tax
37 826
38 238
32 936
38 030
Living cost
19 643
19 643
19 643
19 643
Free-cash
18 183
18 595
13 293
18 387

Estimated living cost  is ₴19643 per week

₴14717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7160
₴12998
₴10302
₴6663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
other

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

-
-
-
1 100
health
-
-
-
124
regional
-
-
-
2 259
city
-
-
-
580
pensions
-
-
-
5 060
national
-
-
-
569
total
-
-
-
9 692
Employee
37 811
-
49 229
-
city
406
-
529
-
pensions
3 177
-
4 135
-
unemployment
-
-
-
-
national
179
-
447
-
health
85
-
110
-
regional
1 238
-
1 938
-
total
5 085
-
7 159
-
Employer
37 811
-
49 229
-
unemployment
-
-
-
-
health
85
-
110
-
pensions
3 177
-
4 135
-
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.

756
-
984
-
total
4 018
-
5 229
-
Corporate
12 756
55 000
-
-
national
1 085
4 675
-
-
regional
2 698
11 633
-
-
total
3 783
16 308
-
-
Dividends
8 973
38 692
-
-
withholding
3 141
13 542
-
-
total
3 141
13 542
-
-
Income
55 000
55 000
55 000
55 000
Total tax
16 027
29 850
12 388
9 692
After tax
38 973
25 150
42 612
45 308
Living cost
32 310
32 310
32 310
32 310
Free-cash
6 663
-7 160
10 302
12 998

Estimated living cost  is ₴32310 per week

₴21011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7707
₴10956
₴16994
₴14609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
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.

-
-
-
14 785
trade
-
-
-
6 038
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.

-
-
-
2 908
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.

-
-
-
813
total
-
-
-
24 544
Employee

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

25 581
-
55 000
-
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.

3 008
-
14 785
-
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.

2 908
-
2 908
-
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.

166
-
813
-
total
6 082
-
18 506
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 419
55 000
-
-
surtax

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

242
454
-
-
trade
5 045
9 432
-
-
chamber of commerce
106
142
-
-
income
4 413
8 250
-
-
total
9 806
18 278
-
-
Dividends
19 612
36 722
-
-
surtax

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

261
496
-
-
withholding
4 742
9 019
-
-
total
5 003
9 515
-
-
Income
55 000
55 000
55 000
55 000
Total tax
20 891
27 793
18 506
24 544
After tax
34 109
27 207
36 494
30 456
Living cost
19 500
19 500
19 500
19 500
Free-cash
14 609
7 707
16 994
10 956

Estimated living cost  is ₴19500 per week

₴14242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13157
₴16755
₴17899
₴15673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
6 997
other
-
-
-
1 705
health
-
-
-
1 702
social contributions
-
-
-
1 567
pensions
-
-
-
11 711
surtax
-
-
-
-
total
-
-
-
23 682
Employee
18 218
-
43 726
-
pensions
2 060
-
2 557
-
income
1 075
-
7 463
-
social contributions
519
-
1 246
-
surtax
-
-
-
-
total
3 654
-
11 266
-
Employer
18 218
-
43 726
-
social contributions
55
-
131
-
unemployment
737
-
1 771
-
health
1 275
-
3 472
-
pensions
2 993
-
4 389
-
other
628
-
1 509
-
total
5 688
-
11 272
-
Corporate
31 093
55 000
-
-
surtax
-
-
-
-
income
8 706
15 400
-
-
total
8 706
15 400
-
-
Dividends
22 387
39 600
-
-
surtax
-
-
-
-
withholding
2 865
5 069
-
-
social contributions
3 851
6 811
-
-
total
6 716
11 880
-
-
Income
55 000
55 000
55 000
55 000
Total tax
24 764
27 280
22 538
23 682
After tax
30 236
27 720
32 462
31 318
Living cost
14 563
14 563
14 563
14 563
Free-cash
15 673
13 157
17 899
16 755

Estimated living cost  is ₴14563 per week

₴9183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1184
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14600
₴18198
₴19342
₴16967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
6 997
other
-
-
-
1 705
health
-
-
-
1 702
social contributions
-
-
-
1 567
pensions
-
-
-
11 711
surtax
-
-
-
-
total
-
-
-
23 682
Employee
16 262
-
43 726
-
pensions
1 839
-
2 557
-
income
838
-
7 463
-
social contributions
464
-
1 246
-
surtax
-
-
-
-
total
3 141
-
11 266
-
Employer
16 262
-
43 726
-
social contributions
48
-
131
-
unemployment
658
-
1 771
-
health
1 138
-
3 472
-
pensions
2 672
-
4 389
-
other
561
-
1 509
-
total
5 077
-
11 272
-
Corporate
33 660
55 000
-
-
surtax
-
-
-
-
income
9 425
15 400
-
-
total
9 425
15 400
-
-
Dividends
24 235
39 600
-
-
surtax
-
-
-
-
withholding
3 102
5 069
-
-
social contributions
4 168
6 811
-
-
total
7 270
11 880
-
-
Income
55 000
55 000
55 000
55 000
Total tax
24 913
27 280
22 538
23 682
After tax
30 087
27 720
32 462
31 318
Living cost
13 120
13 120
13 120
13 120
Free-cash
16 967
14 600
19 342
18 198

Estimated living cost  is ₴13120 per week

₴7609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
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.
₴3930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24529
₴26295
₴25748
₴24751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
8 250
health
-
-
-
3 839
social contributions
-
-
-
7 590
total
-
-
-
19 679
Employee
14 432
-
55 000
-
income
2 407
-
8 797
-
health
1 007
-
3 839
-
social contributions
1 992
-
7 590
-
total
5 406
-
20 226
-
Employer
14 432
-
55 000
-
total
-
-
-
-
Corporate
40 568
55 000
-
-
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%.

2 028
2 750
-
-
total
2 028
2 750
-
-
Dividends
38 539
52 250
-
-
withholding
5 781
7 838
-
-
social contributions
5 318
7 210
-
-
health
2 690
3 647
-
-
total
13 789
18 695
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 223
21 445
20 226
19 679
After tax
33 777
33 555
34 774
35 321
Living cost
9 026
9 026
9 026
9 026
Free-cash
24 751
24 529
25 748
26 295

Estimated living cost  is ₴9026 per week

₴6041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15622
₴12629
₴86
₴14964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
11 453
unemployment
-
-
-
2 611
chamber of commerce
-
-
-
220
health
-
-
-
3 804
pensions
-
-
-
9 200
surtax
-
-
-
84
total
-
-
-
27 372
Employee
21 273
16 963
42 643
-
pensions
2 179
1 737
4 367
-
unemployment
638
509
1 280
-
other
212
170
427
-
income
2 422
1 251
9 577
-
health
823
657
1 650
-
total
6 274
4 324
17 301
-
Employer
21 273
16 963
42 643
-
accident
276
221
554
-
surtax
84
84
84
-
unemployment
638
509
1 280
-
payroll
638
509
1 280
-
health
804
641
1 612
-
pensions
2 670
2 129
5 351
-
chamber of commerce
85
68
170
-
other
1 011
805
2 026
-
total
6 206
4 966
12 357
-
Corporate
27 522
33 071
41 028
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

6 881
8 268
10 257
-
total
6 881
8 268
10 257
-
Dividends
20 641
24 803
-
-
withholding
5 676
6 821
-
-
total
5 676
6 821
-
-
Income
55 000
55 000
55 000
55 000
Total tax
25 037
24 379
39 915
27 372
After tax
29 963
30 621
15 085
27 628
Living cost
14 999
14 999
14 999
14 999
Free-cash
14 964
15 622
86
12 629

Estimated living cost  is ₴14999 per week

₴10003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15281
₴9027
₴4958
₴8897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
communal

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

-
-
-
2 776
social contributions
-
-
-
8 723
national
-
-
-
18 954
total
-
-
-
30 453
Employee

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

30 448
-
42 600
-
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.

2 284
-
3 195
-
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.

265
-
371
-
national
9 361
-
14 332
-
communal

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

1 588
-
2 222
-
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.

1 431
-
2 002
-
total
14 929
-
22 122
-
Employer

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

30 448
-
42 600
-
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.

396
-
553
-
surtax
3 452
-
4 830
-
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.

444
-
622
-
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.

1 872
-
2 620
-
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.

2 698
-
3 775
-
total
8 862
-
12 400
-
Corporate
15 689
55 000
-
-
surtax
63
220
-
-
income
3 138
11 000
-
-
total
3 201
11 220
-
-
Dividends
12 488
43 780
-
-
withholding

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

3 591
12 979
-
-
total
3 591
12 979
-
-
Income
55 000
55 000
55 000
55 000
Total tax
30 583
24 199
34 522
30 453
After tax
24 417
30 801
20 478
24 547
Living cost
15 520
15 520
15 520
15 520
Free-cash
8 897
15 281
4 958
9 027

Estimated living cost  is ₴15520 per week

₴9997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21530
₴15294
₴13247
₴18265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
12 498
unemployment
-
-
-
276
other
-
-
-
40
pensions
-
-
-
11 165
accident
-
-
-
355
total
-
-
-
24 334
Employee
21 188
-
42 422
-
pensions
996
-
1 855
-
unemployment
329
-
611
-
other
21
-
40
-
income
4 471
-
11 297
-
total
5 817
-
13 803
-
Employer
21 188
-
42 422
-
accident
419
-
781
-
unemployment
1 166
-
2 170
-
pensions
5 000
-
9 311
-
other
169
-
316
-
total
6 754
-
12 578
-
Corporate
27 058
55 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

4 059
8 250
-
-
total
4 059
8 250
-
-
Dividends
22 999
46 750
-
-
withholding
4 733
9 848
-
-
total
4 733
9 848
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 363
18 098
26 381
24 334
After tax
33 637
36 902
28 619
30 666
Living cost
15 372
15 372
15 372
15 372
Free-cash
18 265
21 530
13 247
15 294

Estimated living cost  is ₴15372 per week

₴11320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1090
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9988
₴6297
₴8489
₴5735
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
6 796
communal
-
-
-
3 476
health
-
-
-
3 864
pensions
-
-
-
8 244
accident
-
-
-
464
surtax
-
-
-
2 727
total
-
-
-
25 571
Employee
32 235
-
49 129
-
pensions
2 578
-
3 931
-
income
3 114
-
8 380
-
health
1 435
-
2 186
-
surtax
1 976
-
3 011
-
total
9 103
-
17 508
-
Employer
32 235
-
49 129
-
accident
290
-
442
-
health
983
-
1 498
-
pensions
2 578
-
3 931
-
total
3 851
-
5 871
-
Corporate
18 914
55 000
-
-
surtax
199
578
-
-
communal
1 276
3 713
-
-
income
2 837
8 250
-
-
total
4 312
12 541
-
-
Dividends
14 602
42 460
-
-
income
6 677
2 970
-
-
withholding
2 190
6 369
-
-
total
8 867
9 339
-
-
Income
55 000
55 000
55 000
55 000
Total tax
26 133
21 880
23 379
25 571
After tax
28 867
33 120
31 621
29 429
Living cost
23 132
23 132
23 132
23 132
Free-cash
5 735
9 988
8 489
6 297

Estimated living cost  is ₴23132 per week

₴17353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
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.
₴4133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25034
₴16767
₴15859
₴23679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
12 021
unemployment
-
-
-
97
other
-
-
-
-
health
-
-
-
3 906
pensions
-
-
-
11 000
surtax
-
-
-
1 648
total
-
-
-
28 672
Employee
14 335
-
45 435
-
pensions
956
-
3 031
-
unemployment
998
-
3 162
-
other
-
-
-
-
income
2 403
-
11 160
-
health
366
-
1 158
-
surtax
51
-
1 504
-
total
4 774
-
20 015
-
Employer
14 335
-
45 435
-
unemployment
455
-
1 440
-
health
652
-
2 068
-
pensions
1 911
-
6 057
-
other
-
-
-
-
total
3 018
-
9 565
-
Corporate
37 647
55 000
-
-
income
9 789
14 300
-
-
total
9 789
14 300
-
-
Dividends
27 859
40 700
-
-
withholding
4 179
6 105
-
-
total
4 179
6 105
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 760
20 405
29 580
28 672
After tax
33 240
34 595
25 420
26 328
Living cost
9 561
9 561
9 561
9 561
Free-cash
23 679
25 034
15 859
16 767

Estimated living cost  is ₴9561 per week

₴5772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17442
₴15680
₴13076
₴16498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
municipal
-
-
-
327
regional
-
-
-
829
social contributions
-
-
-
14 146
national
-
-
-
12 552
total
-
-
-
27 854
Employee
23 612
-
55 000
-
municipal
125
-
292
-
national
3 741
-
10 880
-
social contributions
7 962
-
18 546
-
regional
318
-
740
-
total
12 146
-
30 458
-
Employer
23 612
-
55 000
-
total
-
-
-
-
Corporate
31 388
55 000
-
-
municipal
1 560
2 734
-
-
nationa
7 533
13 200
-
-
total
9 093
15 934
-
-
Dividends
22 295
39 067
-
-
withholding
5 797
10 158
-
-
total
5 797
10 158
-
-
Income
55 000
55 000
55 000
55 000
Total tax
27 036
26 092
30 458
27 854
After tax
27 964
28 908
24 542
27 146
Living cost
11 466
11 466
11 466
11 466
Free-cash
16 498
17 442
13 076
15 680

Estimated living cost  is ₴11466 per week

₴7131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25351
₴15498
₴15394
₴20884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
4 944
health
-
-
-
7 425
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 616
total
-
-
-
26 985
Employee
18 407
-
41 045
-
solidarity contribution
-
-
-
-
income
2 209
-
4 925
-
health
2 485
-
5 541
-
social contributions
1 196
-
2 668
-
total
5 890
-
13 134
-
Employer
18 407
-
41 045
-
social contributions
4 602
-
10 261
-
health
1 657
-
3 694
-
total
6 259
-
13 955
-
Corporate
30 335
55 000
-
-
income
5 764
10 450
-
-
total
5 764
10 450
-
-
Dividends
24 571
44 550
-
-
withholding
3 686
6 682
-
-
total
3 686
6 682
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 599
17 132
27 089
26 985
After tax
33 401
37 868
27 911
28 015
Living cost
12 517
12 517
12 517
12 517
Free-cash
20 884
25 351
15 394
15 498

Estimated living cost  is ₴12517 per week

₴9308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴693
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2299
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17087
₴14132
₴1523
₴16876
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
11 453
unemployment
-
-
-
2 611
chamber of commerce
-
-
-
220
health
-
-
-
3 804
pensions
-
-
-
9 200
surtax
-
-
-
-
total
-
-
-
27 288
Employee
18 607
16 963
42 709
-
pensions
1 906
1 737
4 373
-
unemployment
558
509
1 281
-
other
186
170
427
-
income
1 658
1 251
9 600
-
health
720
657
1 653
-
total
5 028
4 324
17 334
-
Employer
18 607
16 963
42 709
-
accident
242
221
555
-
surtax
-
-
-
-
unemployment
558
509
1 281
-
payroll
558
509
1 281
-
health
704
641
1 615
-
pensions
2 335
2 129
5 360
-
chamber of commerce
74
68
170
-
other
884
805
2 028
-
total
5 355
4 882
12 290
-
Corporate
31 038
33 155
41 094
-
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.

7 759
8 289
10 273
-
total
7 759
8 289
10 273
-
Dividends
23 279
24 866
-
-
withholding
6 402
6 838
-
-
total
6 402
6 838
-
-
Income
55 000
55 000
55 000
55 000
Total tax
24 544
24 333
39 897
27 288
After tax
30 456
30 667
15 103
27 712
Living cost
13 580
13 580
13 580
13 580
Free-cash
16 876
17 087
1 523
14 132

Estimated living cost  is ₴13580 per week

₴8146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
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.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46228
₴48428
₴37978
₴45098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
55 000
microenterprise

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

-
-
-
550
total
-
-
-
550
Employee
7 527
-
55 000
-
income
1 506
-
11 000
-
total
1 506
-
11 000
-
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%.

47 473
55 000
-
-
total
-
-
-
-
Dividends
47 473
55 000
-
-
withholding
2 374
2 750
-
-
total
2 374
2 750
-
-
Income
55 000
55 000
55 000
55 000
Total tax
3 880
2 750
11 000
550
After tax
51 120
52 250
44 000
54 450
Living cost
6 022
6 022
6 022
6 022
Free-cash
45 098
46 228
37 978
48 428

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26450
₴16459
₴14918
₴22888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
income
-
-
-
11 585
unemployment
-
-
-
82
health
-
-
-
5 412
pensions
-
-
-
10 045
total
-
-
-
27 124
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.

18 823
-
47 590
-
pensions
2 918
-
7 377
-
unemployment
27
-
66
-
income
3 246
-
10 738
-
health
1 216
-
3 074
-
total
7 407
-
21 255
-
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.

18 823
-
47 590
-
unemployment
11
-
28
-
health
1 254
-
3 170
-
pensions
1 666
-
4 212
-
total
2 931
-
7 410
-
Corporate
33 247
55 000
-
-
income
6 317
10 450
-
-
total
6 317
10 450
-
-
Dividends
26 930
44 550
-
-
withholding
4 040
6 683
-
-
total
4 040
6 683
-
-
Income
55 000
55 000
55 000
55 000
Total tax
20 695
17 133
28 665
27 124
After tax
34 305
37 867
26 335
27 876
Living cost
11 417
11 417
11 417
11 417
Free-cash
22 888
26 450
14 918
16 459

Estimated living cost  is ₴11417 per week

₴7835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14884
₴19431
₴30758
-₴9198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
10 721
social contributions
-
-
-
6 270
total
-
-
-
16 991
Employee
26 638
-
-
-
income
5 876
-
-
-
social contributions
2 184
-
311
-
total
8 060
-
311
-
Employer
26 638
-
-
-
social contributions
37 560
-
5 353
-
total
37 560
-
5 353
-
Corporate
-
55 000
-
-
income
-
12 100
-
-
total
-
12 100
-
-
Dividends
-
42 900
-
-
income
-
9 438
-
-
total
-
9 438
-
-
Income
55 000
55 000
55 000
55 000
Total tax
45 620
21 538
5 664
16 991
After tax
9 380
33 462
49 336
38 009
Living cost
18 578
18 578
18 578
18 578
Free-cash
-9 198
14 884
30 758
19 431

Estimated living cost  is ₴18578 per week

₴12054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4540
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17932
₴16774
₴13215
₴17503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
income
-
-
-
5 761
social contributions

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

-
-
-
19 113
surtax
-
-
-
-
total
-
-
-
24 874
Employee
19 577
-
44 444
-
income
4 072
-
12 989
-
social contributions
2 154
-
4 889
-
surtax
-
-
-
-
total
6 226
-
17 878
-
Employer
19 577
-
44 444
-
social contributions
4 650
-
10 555
-
total
4 650
-
10 555
-
Corporate
30 773
55 000
-
-
surtax
-
-
-
-
income
6 462
11 550
-
-
total
6 462
11 550
-
-
Dividends
24 311
43 450
-
-
withholding
6 807
12 166
-
-
total
6 807
12 166
-
-
Income
55 000
55 000
55 000
55 000
Total tax
24 145
23 716
28 433
24 874
After tax
30 855
31 284
26 567
30 126
Living cost
13 352
13 352
13 352
13 352
Free-cash
17 503
17 932
13 215
16 774

Estimated living cost  is ₴13352 per week

₴9990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7161
₴10759
₴11903
₴10088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
6 997
other
-
-
-
1 705
health
-
-
-
1 702
social contributions
-
-
-
1 567
pensions
-
-
-
11 711
surtax
-
-
-
-
total
-
-
-
23 682
Employee
26 660
-
43 726
-
pensions
3 015
-
2 557
-
income
2 326
-
7 463
-
social contributions
759
-
1 246
-
surtax
-
-
-
-
total
6 100
-
11 266
-
Employer
26 660
-
43 726
-
social contributions
80
-
131
-
unemployment
1 080
-
1 771
-
health
1 866
-
3 472
-
pensions
4 381
-
4 389
-
other
920
-
1 509
-
total
8 327
-
11 272
-
Corporate
20 013
55 000
-
-
surtax
-
-
-
-
income
5 604
15 400
-
-
total
5 604
15 400
-
-
Dividends
14 410
39 600
-
-
surtax
-
-
-
-
withholding
1 844
5 069
-
-
social contributions
2 478
6 811
-
-
total
4 322
11 880
-
-
Income
55 000
55 000
55 000
55 000
Total tax
24 353
27 280
22 538
23 682
After tax
30 647
27 720
32 462
31 318
Living cost
20 559
20 559
20 559
20 559
Free-cash
10 088
7 161
11 903
10 759

Estimated living cost  is ₴20559 per week

₴13914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
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.
₴4681
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36705
₴28400
₴29861
₴35276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
1 705
social contributions
-
-
-
12 100
total
-
-
-
13 805
Employee
13 685
-
47 619
-
income
-
-
1 868
-
social contributions
889
-
3 095
-
total
889
-
4 963
-
Employer
13 685
-
47 619
-
social contributions
2 121
-
7 381
-
total
2 121
-
7 381
-
Corporate
39 194
55 000
-
-
income
3 919
5 500
-
-
total
3 919
5 500
-
-
Dividends
35 275
49 500
-
-
total
-
-
-
-
Income
55 000
55 000
55 000
55 000
Total tax
6 929
5 500
12 344
13 805
After tax
48 071
49 500
42 656
41 195
Living cost
12 795
12 795
12 795
12 795
Free-cash
35 276
36 705
29 861
28 400

Estimated living cost  is ₴12795 per week

₴8273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴3317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴37743
₴12948
-₴37743
-₴37743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
municipal
-
-
-
10 864
labour market
-
-
-
4 371
pensions
-
-
-
369
national
-
-
-
5 948
total
-
-
-
21 552
Employee
86 527
86 527
86 527
-
municipal
18 425
18 425
18 425
-
pensions
123
123
123
-
labour market
6 912
6 912
6 912
-
national
10 571
10 571
10 571
-
total
36 031
36 031
36 031
-
Employer
86 527
86 527
86 527
-
labour market
6 922
6 922
6 922
-
national
10 589
10 589
10 589
-
pensions
246
246
246
-
municipal
18 455
18 455
18 455
-
total
36 212
36 212
36 212
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
55 000
55 000
55 000
55 000
Total tax
72 243
72 243
72 243
21 552
After tax
-17 243
-17 243
-17 243
33 448
Living cost
20 500
20 500
20 500
20 500
Free-cash
-37 743
-37 743
-37 743
12 948

Estimated living cost  is ₴20500 per week

₴14031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴4809
₴28408
₴19897
₴3034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
14 352
other
-
-
-
158
health
-
-
-
932
pensions
-
-
-
1 778
accident
-
-
-
108
total
-
-
-
17 328
Employee
14 573
-
48 301
-
pensions
1 641
-
3 261
-
income
1 999
-
10 348
-
health
1 669
-
5 531
-
total
5 309
-
19 140
-
Employer
14 573
-
48 301
-
accident
243
-
807
-
unemployment
357
-
1 183
-
pensions
2 370
-
4 709
-
total
2 970
-
6 699
-
Corporate
37 457
55 000
-
-
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.

33 711
49 500
-
-
total
33 711
49 500
-
-
Dividends
3 746
5 500
-
-
withholding
712
1 045
-
-
total
712
1 045
-
-
Income
55 000
55 000
55 000
55 000
Total tax
42 702
50 545
25 839
17 328
After tax
12 298
4 455
29 161
37 672
Living cost
9 264
9 264
9 264
9 264
Free-cash
3 034
-4 809
19 897
28 408

Estimated living cost  is ₴9264 per week

₴6743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19278
₴21320
₴13781
₴19471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
55 000
health
-
-
-
670
municipal
-
-
-
9 780
national
-
-
-
6 888
total
-
-
-
17 338
Employee
22 395
-
46 270
-
municipal
3 668
-
7 545
-
pensions
1 511
-
3 123
-
unemployment
336
-
694
-
national
370
-
4 250
-
health
167
-
535
-
total
6 052
-
16 147
-
Employer
22 395
-
46 270
-
accident
23
-
46
-
unemployment
145
-
300
-
health
172
-
356
-
pensions
3 885
-
8 028
-
total
4 225
-
8 730
-
Corporate
28 380
55 000
-
-
income
5 676
11 000
-
-
total
5 676
11 000
-
-
Dividends

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

17 028
33 000
-
-
municipal
3 065
5 940
-
-
national
169
2 440
-
-
total
3 234
8 380
-
-
Income
55 000
55 000
55 000
55 000
Total tax
19 187
19 380
24 877
17 338
After tax
35 813
35 620
30 123
37 662
Living cost
16 342
16 342
16 342
16 342
Free-cash
19 471
19 278
13 781
21 320

Estimated living cost  is ₴16342 per week

₴10675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30332
₴28651
₴28071
₴28016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
8 205
health
-
-
-
1 402
social contributions
-
-
-
6 887
total
-
-
-
16 494
Employee
32 731
32 731
50 404
-
income
3 564
3 030
7 957
-
health
254
557
857
-
social contributions
1 238
2 717
3 664
-
total
5 056
6 304
12 478
-
Employer
32 731
32 731
50 404
-
social contributions
1 238
2 717
3 664
-
health
275
606
932
-
total
1 513
3 323
4 596
-
Corporate
38 577
18 946
-
-
income
4 822
2 368
-
-
total
4 822
2 368
-
-
Dividends
33 754
16 578
-
-
withholding
5 738
2 818
-
-
total
5 738
2 818
-
-
Income
55 000
55 000
55 000
55 000
Total tax
17 129
14 813
17 074
16 494
After tax
37 871
40 187
37 926
38 506
Living cost
9 855
9 855
9 855
9 855
Free-cash
28 016
30 332
28 071
28 651

Estimated living cost  is ₴9855 per week

₴5906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38788
₴38551
₴30013
₴36624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
55 000
income
-
-
-
5 431
unemployment
-
-
-
12
health
-
-
-
1 540
pensions
-
-
-
2 708
total
-
-
-
9 691
Employee

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

9 770
-
50 840
-
pensions
1 465
-
6 058
-
unemployment
48
-
202
-
income
668
-
4 376
-
health
830
-
3 433
-
total
3 011
-
14 069
-
Employer

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

9 770
-
50 840
-
unemployment
48
-
202
-
health
420
-
1 737
-
pensions
537
-
2 221
-
total
1 005
-
4 160
-
Corporate
44 224
55 000
-
-
income
3 980
4 950
-
-
total
3 980
4 950
-
-
Dividends
40 244
50 050
-
-
withholding
3 622
4 504
-
-
total
3 622
4 504
-
-
Income
55 000
55 000
55 000
55 000
Total tax
11 618
9 454
18 229
9 691
After tax
43 382
45 546
36 771
45 309
Living cost
6 758
6 758
6 758
6 758
Free-cash
36 624
38 788
30 013
38 551

Estimated living cost  is ₴6758 per week

₴4312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25197
₴18961
₴16914
₴23092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
12 498
unemployment
-
-
-
276
other
-
-
-
40
pensions
-
-
-
11 165
accident
-
-
-
355
total
-
-
-
24 334
Employee
15 739
-
42 422
-
pensions
740
-
1 855
-
unemployment
244
-
611
-
other
15
-
40
-
income
3 034
-
11 297
-
total
4 033
-
13 803
-
Employer
15 739
-
42 422
-
accident
312
-
781
-
unemployment
866
-
2 170
-
pensions
3 714
-
9 311
-
other
126
-
316
-
total
5 018
-
12 578
-
Corporate
34 243
55 000
-
-
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.

5 137
8 250
-
-
total
5 137
8 250
-
-
Dividends
29 106
46 750
-
-
withholding
6 015
9 848
-
-
total
6 015
9 848
-
-
Income
55 000
55 000
55 000
55 000
Total tax
20 203
18 098
26 381
24 334
After tax
34 797
36 902
28 619
30 666
Living cost
11 705
11 705
11 705
11 705
Free-cash
23 092
25 197
16 914
18 961

Estimated living cost  is ₴11705 per week

₴7901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33148
₴33890
₴33806
₴32955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
18 463
health
-
-
-
620
pensions
-
-
-
855
total
-
-
-
19 938
Employee
1 785
-
54 038
-
pensions
161
-
385
-
unemployment
18
-
43
-
income
345
-
18 419
-
health
89
-
214
-
total
613
-
19 061
-
Employer
1 785
-
54 038
-
unemployment
36
-
85
-
health
170
-
406
-
pensions
196
-
470
-
total
402
-
961
-
Corporate
52 813
55 000
-
-
income
11 619
12 100
-
-
total
11 619
12 100
-
-
Dividends
41 194
42 900
-
-
withholding
8 239
8 580
-
-
total
8 239
8 580
-
-
Income
55 000
55 000
55 000
55 000
Total tax
20 873
20 680
20 022
19 938
After tax
34 127
34 320
34 978
35 062
Living cost
1 172
1 172
1 172
1 172
Free-cash
32 955
33 148
33 806
33 890

Estimated living cost  is ₴1172 per week

₴697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32371
₴23765
₴23765
₴30276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
income
-
-
-
11 971
unemployment
-
-
-
472
health
-
-
-
3 242
pensions
-
-
-
8 184
total
-
-
-
23 869
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.

11 107
-
49 366
-
pensions
1 555
-
4 407
-
unemployment
83
-
236
-
income
1 531
-
11 971
-
health
572
-
1 621
-
total
3 741
-
18 235
-
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.

11 107
-
49 366
-
unemployment
83
-
236
-
health
572
-
1 621
-
pensions
1 333
-
3 777
-
total
1 988
-
5 634
-
Corporate
41 905
55 000
-
-
income
6 286
8 250
-
-
total
6 286
8 250
-
-
Dividends
35 619
46 750
-
-
withholding
5 343
7 013
-
-
total
5 343
7 013
-
-
Income
55 000
55 000
55 000
55 000
Total tax
17 358
15 263
23 869
23 869
After tax
37 642
39 737
31 131
31 131
Living cost
7 366
7 366
7 366
7 366
Free-cash
30 276
32 371
23 765
23 765

Estimated living cost  is ₴7366 per week

₴4959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19808
₴18650
₴15091
₴19655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
income
-
-
-
5 761
social contributions

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

-
-
-
19 113
surtax
-
-
-
-
total
-
-
-
24 874
Employee
16 521
-
44 444
-
income
3 228
-
12 989
-
social contributions
1 817
-
4 889
-
surtax
-
-
-
-
total
5 045
-
17 878
-
Employer
16 521
-
44 444
-
social contributions
3 923
-
10 555
-
total
3 923
-
10 555
-
Corporate
34 556
55 000
-
-
surtax
-
-
-
-
income
7 257
11 550
-
-
total
7 257
11 550
-
-
Dividends
27 299
43 450
-
-
withholding
7 644
12 166
-
-
total
7 644
12 166
-
-
Income
55 000
55 000
55 000
55 000
Total tax
23 869
23 716
28 433
24 874
After tax
31 131
31 284
26 567
30 126
Living cost
11 476
11 476
11 476
11 476
Free-cash
19 655
19 808
15 091
18 650

Estimated living cost  is ₴11476 per week

₴8128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴797
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21942
₴15706
₴13659
₴18824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
12 498
unemployment
-
-
-
276
other
-
-
-
40
pensions
-
-
-
11 165
accident
-
-
-
355
total
-
-
-
24 334
Employee
20 557
-
42 422
-
pensions
966
-
1 855
-
unemployment
318
-
611
-
other
20
-
40
-
income
4 294
-
11 297
-
total
5 598
-
13 803
-
Employer
20 557
-
42 422
-
accident
407
-
781
-
unemployment
1 131
-
2 170
-
pensions
4 851
-
9 311
-
other
165
-
316
-
total
6 554
-
12 578
-
Corporate
27 888
55 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

4 183
8 250
-
-
total
4 183
8 250
-
-
Dividends
23 705
46 750
-
-
withholding
4 881
9 848
-
-
total
4 881
9 848
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 216
18 098
26 381
24 334
After tax
33 784
36 902
28 619
30 666
Living cost
14 960
14 960
14 960
14 960
Free-cash
18 824
21 942
13 659
15 706

Estimated living cost  is ₴14960 per week

₴10743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39700
₴35455
₴37395
₴37105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
8 250
unemployment
-
-
-
59
health
-
-
-
1 710
pensions

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

-
-
-
2 201
total
-
-
-
12 220
Employee
9 699
-
52 082
-
pensions

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

851
-
1 306
-
income
970
-
5 208
-
health
446
-
684
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
total
2 374
-
7 362
-
Employer
9 699
-
52 082
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
health
669
-
1 026
-
pensions

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

1 069
-
1 639
-
total
1 903
-
2 918
-
Corporate
43 398
55 000
-
-
income
4 340
5 500
-
-
total
4 340
5 500
-
-
Dividends
39 058
49 500
-
-
withholding
1 953
2 475
-
-
total
1 953
2 475
-
-
Income
55 000
55 000
55 000
55 000
Total tax
10 570
7 975
10 280
12 220
After tax
44 430
47 025
44 720
42 780
Living cost
7 325
7 325
7 325
7 325
Free-cash
37 105
39 700
37 395
35 455

Estimated living cost  is ₴7325 per week

₴4844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴419
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.
₴1886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11905
₴15007
₴20060
₴17473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
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.

-
-
-
14 785
trade
-
-
-
5 053
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.

-
-
-
2 908
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.

-
-
-
813
total
-
-
-
23 559
Employee

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

21 179
-
55 000
-
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.

1 742
-
14 785
-
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.

2 908
-
2 908
-
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.

96
-
813
-
total
4 746
-
18 506
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 821
55 000
-
-
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.

279
454
-
-
trade
4 853
7 893
-
-
chamber of commerce
114
145
-
-
income
5 073
8 250
-
-
total
10 319
16 742
-
-
Dividends
23 502
38 258
-
-
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.

314
517
-
-
withholding
5 714
9 402
-
-
total
6 028
9 919
-
-
Income
55 000
55 000
55 000
55 000
Total tax
21 093
26 661
18 506
23 559
After tax
33 907
28 339
36 494
31 441
Living cost
16 434
16 434
16 434
16 434
Free-cash
17 473
11 905
20 060
15 007

Estimated living cost  is ₴16434 per week

₴11336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
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.
₴3091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14252
₴10634
₴10634
₴15192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
14 964
social contributions
-
-
-
5 154
total
-
-
-
20 118
Employee
33 296
-
55 000
-
income
6 283
-
14 964
-
social contributions
2 766
-
5 154
-
total
9 049
-
20 118
-
Employer
33 296
-
55 000
-
total
-
-
-
-
Corporate
21 704
55 000
-
-
income
2 713
6 875
-
-
total
2 713
6 875
-
-
Dividends
18 990
48 125
-
-
withholding
3 798
9 625
-
-
total
3 798
9 625
-
-
Income
55 000
55 000
55 000
55 000
Total tax
15 560
16 500
20 118
20 118
After tax
39 440
38 500
34 882
34 882
Living cost
24 248
24 248
24 248
24 248
Free-cash
15 192
14 252
10 634
10 634

Estimated living cost  is ₴24248 per week

₴18447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
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.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18049
₴24579
₴24873
₴19538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
income
-
-
-
12 117
health

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

-
-
-
2 852
total
-
-
-
14 969
Employee
19 527
-
53 042
-
income
2 119
-
10 759
-
social contributions
1 956
-
1 958
-
total
4 075
-
12 717
-
Employer
19 527
-
53 042
-
social contributions
1 956
-
1 958
-
total
1 956
-
1 958
-
Corporate
33 517
55 000
-
-
income
11 730
19 250
-
-
total
11 730
19 250
-
-
Dividends
21 786
35 750
-
-
social contributions
2 249
2 249
-
-
total
2 249
2 249
-
-
Income
55 000
55 000
55 000
55 000
Total tax
20 010
21 499
14 675
14 969
After tax
34 990
33 501
40 325
40 031
Living cost
15 452
15 452
15 452
15 452
Free-cash
19 538
18 049
24 873
24 579

Estimated living cost  is ₴15452 per week

₴10178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1218
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.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22269
₴22061
₴16967
₴22813
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
13 517
pensions
-
-
-
3 453
total
-
-
-
16 970
Employee
21 920
-
48 238
-
pensions
1 673
-
4 399
-
income
3 992
-
10 122
-
health
286
-
780
-
total
5 951
-
15 301
-
Employer
21 920
-
48 238
-
health
417
-
917
-
pensions
2 215
-
5 846
-
total
2 632
-
6 763
-
Corporate
30 449
55 000
-
-
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.

5 785
10 450
-
-
total
5 785
10 450
-
-
Dividends
24 663
44 550
-
-
withholding
1 850
6 312
-
-
total
1 850
6 312
-
-
Income
55 000
55 000
55 000
55 000
Total tax
16 218
16 762
22 064
16 970
After tax
38 782
38 238
32 936
38 030
Living cost
15 969
15 969
15 969
15 969
Free-cash
22 813
22 269
16 967
22 061

Estimated living cost  is ₴15969 per week

₴10955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5726
₴27491
₴18980
₴2895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
income
-
-
-
14 352
other
-
-
-
158
health
-
-
-
932
pensions
-
-
-
1 778
accident
-
-
-
108
total
-
-
-
17 328
Employee
16 016
-
48 301
-
pensions
1 803
-
3 261
-
income
2 197
-
10 348
-
health
1 834
-
5 531
-
total
5 834
-
19 140
-
Employer
16 016
-
48 301
-
accident
267
-
807
-
unemployment
392
-
1 183
-
pensions
2 604
-
4 709
-
total
3 263
-
6 699
-
Corporate
35 721
55 000
-
-
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.

32 148
49 500
-
-
total
32 148
49 500
-
-
Dividends
3 572
5 500
-
-
withholding
679
1 045
-
-
total
679
1 045
-
-
Income
55 000
55 000
55 000
55 000
Total tax
41 924
50 545
25 839
17 328
After tax
13 076
4 455
29 161
37 672
Living cost
10 181
10 181
10 181
10 181
Free-cash
2 895
-5 726
18 980
27 491

Estimated living cost  is ₴10181 per week

₴7472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40537
₴25363
₴31137
₴38548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 000
income
-
-
-
8 767
unemployment
-
-
-
660
work injury
-
-
-
275
health insurance
-
-
-
4 070
pensions
-
-
-
10 120
total
-
-
-
23 892
Employee

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

9 191
-
55 000
-
pensions
1 691
-
6 257
-
unemployment
110
-
408
-
work injury
46
-
170
-
health insurance
680
-
2 516
-
income
919
-
8 767
-
total
3 446
-
18 118
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 809
55 000
-
-
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%.

458
550
-
-
total
458
550
-
-
Dividends
45 351
54 450
-
-
withholding
6 803
8 168
-
-
total
6 803
8 168
-
-
Income
55 000
55 000
55 000
55 000
Total tax
10 707
8 718
18 118
23 892
After tax
44 293
46 282
36 882
31 108
Living cost
5 745
5 745
5 745
5 745
Free-cash
38 548
40 537
31 137
25 363

Estimated living cost  is ₴5745 per week

₴3559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12013
₴9764
₴7249
₴10077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 000
municipal
-
-
-
368
regional
-
-
-
1 213
social contributions
-
-
-
14 146
national
-
-
-
12 552
total
-
-
-
28 279
Employee
35 869
-
55 000
-
municipal
214
-
328
-
national
6 062
-
10 880
-
social contributions
12 095
-
18 546
-
regional
542
-
1 040
-
total
18 913
-
30 794
-
Employer
35 869
-
55 000
-
total
-
-
-
-
Corporate
19 131
55 000
-
-
municipal
922
2 651
-
-
nationa
4 591
13 200
-
-
total
5 513
15 851
-
-
Dividends
13 617
39 149
-
-
withholding
3 540
10 179
-
-
total
3 540
10 179
-
-
Income
55 000
55 000
55 000
55 000
Total tax
27 966
26 030
30 794
28 279
After tax
27 034
28 970
24 206
26 721
Living cost
16 957
16 957
16 957
16 957
Free-cash
10 077
12 013
7 249
9 764

Estimated living cost  is ₴16957 per week

₴11911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
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.
₴3623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close