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
₴ 55500
per

Your estimated
City
free-cash

Dresden , Germany
₴15012
₴19765
₴18218
₴23813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
trade
-
-
-
5 595
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.

-
-
-
14 918
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.

-
-
-
2 935
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.

-
-
-
820
total
-
-
-
24 268
Employee

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

16 433
-
55 500
-
health

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

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

2 935
-
2 935
-
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
-
820
-
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.

459
-
14 918
-
total
3 419
-
18 673
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 067
55 500
-
-
surtax

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

322
458
-
-
income
5 860
8 325
-
-
trade
6 153
8 741
-
-
chamber of commerce
121
145
-
-
total
12 456
17 669
-
-
Dividends
26 611
37 831
-
-
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.

357
511
-
-
withholding
6 489
9 294
-
-
total
6 846
9 805
-
-
Income
55 500
55 500
55 500
55 500
Total tax
22 721
27 474
18 673
24 268
After tax
32 779
28 026
36 827
31 232
Living cost
13 014
13 014
13 014
13 014
Free-cash
19 765
15 012
23 813
18 218

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12952
₴12591
₴11419
₴11856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
municipal
-
-
-
5 940
pensions
-
-
-
6 660
national
-
-
-
9 204
social contributions
-
-
-
597
total
-
-
-
22 401
Employee
33 608
-
47 979
-
municipal
4 151
-
6 154
-
pensions
1 344
-
1 919
-
national
6 433
-
9 537
-
total
11 928
-
17 610
-
Employer
33 608
-
47 979
-
social contributions
361
-
516
-
pensions
2 689
-
3 838
-
total
3 050
-
4 354
-
Corporate
16 624
55 500
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

3 325
11 100
-
-
total
3 325
11 100
-
-
Dividends
13 299
44 400
-
-
withholding
2 926
9 768
-
-
total
2 926
9 768
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 229
20 868
21 964
22 401
After tax
34 271
34 632
33 536
33 099
Living cost
21 680
21 680
21 680
21 680
Free-cash
12 591
12 952
11 856
11 419

Estimated living cost  is ₴21680 per week

₴14736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35461
₴31937
₴7457
₴22201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
microenterprise
-
-
-
-
income
-
-
-
8 489
surtax
-
-
-
14 153
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.

-
-
-
16 462
total
-
-
-
39 104
Employee
12 555
-
44 725
-
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.

1 381
-
4 920
-
surtax
-
-
-
-
income
2 235
-
8 666
-
total
3 616
-
13 586
-
Employer
12 555
-
44 725
-
social contributions

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

3 024
-
10 774
-
surtax
-
-
-
-
total
3 024
-
10 774
-
Corporate
39 921
55 500
-
-
income

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

7 984
11 100
-
-
total
7 984
11 100
-
-
Dividends

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

31 937
44 400
-
-
total
-
-
-
-
Income
55 500
55 500
55 500
55 500
Total tax
14 624
11 100
24 360
39 104
After tax
40 876
44 400
31 140
16 396
Living cost
8 939
8 939
8 939
8 939
Free-cash
31 937
35 461
22 201
7 457

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9178
₴6545
₴13997
₴13179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
13 172
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
23 504
Employee
36 691
36 691
47 515
-
health
5 632
4 790
5 298
-
income

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

6 006
6 006
6 006
-
pensions
6 604
5 034
5 034
-
total
18 242
15 830
16 338
-
Employer
36 691
36 691
47 515
-
unemployment
1 321
1 321
1 641
-
pensions
2 554
2 554
3 174
-
health
2 550
2 550
3 169
-
total
6 425
6 425
7 984
-
Corporate
12 835
12 384
-
-
income
2 567
2 477
-
-
total
2 567
2 477
-
-
Dividends
10 268
9 907
-
-
income
2 182
2 105
-
-
withholding
1 540
1 486
-
-
total
3 722
3 591
-
-
Income
55 500
55 500
55 500
55 500
Total tax
30 956
28 323
24 322
23 504
After tax
24 544
27 177
31 178
31 996
Living cost
17 999
17 999
17 999
17 999
Free-cash
6 545
9 178
13 179
13 997

Estimated living cost  is ₴17999 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13636
₴13260
₴12769
₴12321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
municipal
-
-
-
13 395
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 245
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
2 086
total
-
-
-
26 064
Employee
23 749
-
44 023
-
municipal
7 082
-
13 128
-
national
-
-
1 907
-
total
7 082
-
15 035
-
Employer
23 749
-
44 023
-
accident
48
-
73
-
other
2 760
-
4 245
-
unemployment
627
-
964
-
pensions
2 567
-
3 949
-
health
1 461
-
2 246
-
total
7 463
-
11 477
-
Corporate
24 290
55 500
-
-
income
5 344
12 210
-
-
total
5 344
12 210
-
-
Dividends
18 946
43 290
-
-
withholding
5 684
12 987
-
-
total
5 684
12 987
-
-
Income
55 500
55 500
55 500
55 500
Total tax
25 573
25 197
26 512
26 064
After tax
29 927
30 303
28 988
29 436
Living cost
16 667
16 667
16 667
16 667
Free-cash
13 260
13 636
12 321
12 769

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10861
₴16898
₴14104
₴19948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
trade
-
-
-
5 844
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.

-
-
-
14 918
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.

-
-
-
2 935
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.

-
-
-
820
total
-
-
-
24 517
Employee

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

21 789
-
55 500
-
health

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

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

2 935
-
2 935
-
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.

103
-
820
-
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.

1 872
-
14 918
-
total
4 910
-
18 673
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 711
55 500
-
-
surtax

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

278
458
-
-
income
5 057
8 325
-
-
trade
5 545
9 129
-
-
chamber of commerce
113
144
-
-
total
10 993
18 056
-
-
Dividends
22 718
37 443
-
-
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.

303
506
-
-
withholding
5 517
9 198
-
-
total
5 820
9 704
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 723
27 760
18 673
24 517
After tax
33 777
27 740
36 827
30 983
Living cost
16 879
16 879
16 879
16 879
Free-cash
16 898
10 861
19 948
14 104

Estimated living cost  is ₴16879 per week

₴11288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
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.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26618
₴24836
₴24920
₴24336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
8 277
health
-
-
-
1 415
social contributions
-
-
-
6 952
total
-
-
-
16 644
Employee
33 038
33 038
50 861
-
social contributions
1 605
2 742
3 698
-
health
329
562
864
-
income
3 469
3 058
8 027
-
total
5 403
6 362
12 589
-
Employer
33 038
33 038
50 861
-
social contributions
1 605
2 742
3 698
-
health
358
612
941
-
total
1 963
3 354
4 639
-
Corporate
34 198
19 108
-
-
income
4 275
2 388
-
-
total
4 275
2 388
-
-
Dividends
29 923
16 720
-
-
withholding
5 087
2 842
-
-
total
5 087
2 842
-
-
Income
55 500
55 500
55 500
55 500
Total tax
16 728
14 946
17 228
16 644
After tax
38 772
40 554
38 272
38 856
Living cost
13 936
13 936
13 936
13 936
Free-cash
24 836
26 618
24 336
24 920

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23421
₴23584
₴30649
₴24376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
6 785
pensions
-
-
-
5 550
unemployment
-
-
-
833
health
-
-
-
3 885
total
-
-
-
17 053
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.

11 256
4 480
46 444
-
health
788
314
3 251
-
income
1 376
548
5 678
-
pensions
1 126
448
4 644
-
unemployment
169
67
697
-
total
3 459
1 377
14 270
-
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.

11 256
4 480
46 444
-
pensions
2 195
874
9 056
-
total
2 195
874
9 056
-
Corporate
42 049
50 147
-
-
income
3 784
4 513
-
-
total
3 784
4 513
-
-
Dividends
38 265
45 633
-
-
social contributions
7 410
8 847
-
-
withholding
7 270
8 670
-
-
total
14 680
17 517
-
-
Income
55 500
55 500
55 500
55 500
Total tax
24 118
24 281
23 326
17 053
After tax
31 382
31 219
32 174
38 447
Living cost
7 798
7 798
7 798
7 798
Free-cash
23 584
23 421
24 376
30 649

Estimated living cost  is ₴7798 per week

₴5321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34022
₴31353
₴19370
₴21611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
7 437
pensions
-
-
-
11 100
health
-
-
-
7 215
total
-
-
-
25 752
Employee
12 189
-
41 479
-
income
1 372
-
7 997
-
pensions
244
-
829
-
unemployment
195
-
664
-
total
1 811
-
9 490
-
Employer
12 189
-
41 479
-
unemployment
98
-
332
-
pensions
2 438
-
8 296
-
health
1 584
-
5 393
-
total
4 120
-
14 021
-
Corporate
39 191
55 500
-
-
income
7 838
11 100
-
-
total
7 838
11 100
-
-
Dividends
31 354
44 400
-
-
total
-
-
-
-
Income
55 500
55 500
55 500
55 500
Total tax
13 769
11 100
23 511
25 752
After tax
41 731
44 400
31 989
29 748
Living cost
10 378
10 378
10 378
10 378
Free-cash
31 353
34 022
21 611
19 370

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4935
₴3050
₴28582
₴20015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
accident
-
-
-
108
income
-
-
-
14 503
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
17 488
Employee
14 834
-
48 768
-
health
1 698
-
5 584
-
income
2 035
-
10 470
-
pensions
1 670
-
3 270
-
total
5 403
-
19 324
-
Employer
14 834
-
48 768
-
accident
248
-
814
-
unemployment
363
-
1 195
-
pensions
2 412
-
4 722
-
total
3 023
-
6 731
-
Corporate
37 643
55 500
-
-
income

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

33 879
49 950
-
-
total
33 879
49 950
-
-
Dividends
3 764
5 550
-
-
withholding
715
1 055
-
-
total
715
1 055
-
-
Income
55 500
55 500
55 500
55 500
Total tax
43 020
51 005
26 055
17 488
After tax
12 480
4 495
29 445
38 012
Living cost
9 430
9 430
9 430
9 430
Free-cash
3 050
-4 935
20 015
28 582

Estimated living cost  is ₴9430 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48832
₴48102
₴51052
₴40507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
55 500
microenterprise

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

-
-
-
555
total
-
-
-
555
Employee
4 866
-
55 500
-
income
973
-
11 100
-
total
973
-
11 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

50 634
55 500
-
-
total
-
-
-
-
Dividends
50 634
55 500
-
-
withholding
2 532
2 775
-
-
total
2 532
2 775
-
-
Income
55 500
55 500
55 500
55 500
Total tax
3 505
2 775
11 100
555
After tax
51 995
52 725
44 400
54 945
Living cost
3 893
3 893
3 893
3 893
Free-cash
48 102
48 832
40 507
51 052

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29328
₴26424
₴18196
₴20492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
7 457
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.

-
-
-
13 320
other
-
-
-
2 636
health
-
-
-
2 442
total
-
-
-
25 855
Employee
15 600
-
44 328
-
health
219
-
620
-
income
2 686
-
8 222
-
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.

1 092
-
3 103
-
unemployment
156
-
444
-
total
4 153
-
12 389
-
Employer
15 600
-
44 328
-
accident
125
-
355
-
other
780
-
2 216
-
unemployment
156
-
444
-
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.

2 652
-
7 535
-
health
219
-
620
-
total
3 932
-
11 170
-
Corporate
35 968
55 500
-
-
income
7 553
11 655
-
-
total
7 553
11 655
-
-
Dividends
28 415
43 845
-
-
withholding
1 989
3 069
-
-
total
1 989
3 069
-
-
Income
55 500
55 500
55 500
55 500
Total tax
17 627
14 724
23 559
25 855
After tax
37 873
40 776
31 941
29 645
Living cost
11 448
11 448
11 448
11 448
Free-cash
26 424
29 328
20 492
18 196

Estimated living cost  is ₴11448 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9794
₴6986
₴9610
₴4475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
13 727
pensions
-
-
-
3 460
total
-
-
-
17 187
Employee
40 611
-
48 669
-
health
669
-
784
-
income
7 321
-
10 305
-
pensions
3 918
-
4 402
-
total
11 908
-
15 491
-
Employer
40 611
-
48 669
-
pensions
4 795
-
5 907
-
health
771
-
924
-
total
5 566
-
6 831
-
Corporate
9 323
55 500
-
-
income

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

1 771
10 545
-
-
total
1 771
10 545
-
-
Dividends
7 551
44 955
-
-
withholding
566
6 458
-
-
total
566
6 458
-
-
Income
55 500
55 500
55 500
55 500
Total tax
19 811
17 003
22 322
17 187
After tax
35 689
38 497
33 178
38 313
Living cost
28 703
28 703
28 703
28 703
Free-cash
6 986
9 794
4 475
9 610

Estimated living cost  is ₴28703 per week

₴21508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴41819
₴39823
₴37535
₴39495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
8 325
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
12 332
Employee
7 458
-
52 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
5 255
-
pensions

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

655
-
1 318
-
total
1 826
-
7 428
-
Employer
7 458
-
52 556
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
46 578
55 500
-
-
income
4 658
5 550
-
-
total
4 658
5 550
-
-
Dividends
41 921
49 950
-
-
withholding
2 096
2 498
-
-
total
2 096
2 498
-
-
Income
55 500
55 500
55 500
55 500
Total tax
10 044
8 048
10 372
12 332
After tax
45 456
47 452
45 128
43 168
Living cost
5 633
5 633
5 633
5 633
Free-cash
39 823
41 819
39 495
37 535

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3352
₴4433
₴8171
₴7353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
13 172
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
23 504
Employee
39 834
36 691
47 515
-
health
4 970
4 790
5 298
-
income

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

6 006
6 006
6 006
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
16 338
-
Employer
39 834
36 691
47 515
-
unemployment
1 434
1 321
1 641
-
pensions
2 772
2 554
3 174
-
health
2 768
2 550
3 169
-
total
6 974
6 425
7 984
-
Corporate
8 691
12 384
-
-
income
1 738
2 477
-
-
total
1 738
2 477
-
-
Dividends
6 953
9 907
-
-
income
1 477
2 105
-
-
withholding
1 043
1 486
-
-
total
2 520
3 591
-
-
Income
55 500
55 500
55 500
55 500
Total tax
27 242
28 323
24 322
23 504
After tax
28 258
27 177
31 178
31 996
Living cost
23 825
23 825
23 825
23 825
Free-cash
4 433
3 352
7 353
8 171

Estimated living cost  is ₴23825 per week

₴17575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27938
₴24273
₴17966
₴17891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
4 983
health
-
-
-
7 493
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 784
total
-
-
-
27 260
Employee
15 109
-
41 418
-
social contributions
982
-
2 692
-
health
2 040
-
5 591
-
solidarity contribution
-
-
-
-
income
1 813
-
4 970
-
total
4 835
-
13 253
-
Employer
15 109
-
41 418
-
social contributions
3 777
-
10 354
-
health
1 360
-
3 728
-
total
5 137
-
14 082
-
Corporate
35 254
55 500
-
-
income
6 698
10 545
-
-
total
6 698
10 545
-
-
Dividends
28 555
44 955
-
-
withholding
4 283
6 743
-
-
total
4 283
6 743
-
-
Income
55 500
55 500
55 500
55 500
Total tax
20 953
17 288
27 335
27 260
After tax
34 547
38 212
28 165
28 240
Living cost
10 274
10 274
10 274
10 274
Free-cash
24 273
27 938
17 891
17 966

Estimated living cost  is ₴10274 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
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.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11481
₴9238
₴9467
₴6825
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
municipal
-
-
-
329
regional
-
-
-
634
national
-
-
-
12 666
social contributions
-
-
-
14 274
total
-
-
-
27 903
Employee
38 185
-
55 500
-
social contributions
12 876
-
18 715
-
regional
360
-
558
-
municipal
202
-
294
-
national
6 617
-
10 978
-
total
20 055
-
30 545
-
Employer
38 185
-
55 500
-
total
-
-
-
-
Corporate
17 315
55 500
-
-
nationa
4 156
13 320
-
-
municipal
675
2 165
-
-
total
4 831
15 485
-
-
Dividends
12 484
40 015
-
-
withholding
3 246
10 404
-
-
total
3 246
10 404
-
-
Income
55 500
55 500
55 500
55 500
Total tax
28 132
25 889
30 545
27 903
After tax
27 368
29 611
24 955
27 597
Living cost
18 130
18 130
18 130
18 130
Free-cash
9 238
11 481
6 825
9 467

Estimated living cost  is ₴18130 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25428
₴24091
₴17090
₴16173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
12 129
pensions
-
-
-
11 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 940
surtax
-
-
-
1 662
total
-
-
-
28 929
Employee
14 208
-
45 848
-
other
-
-
-
-
health
363
-
1 169
-
surtax
46
-
1 517
-
income
2 382
-
11 259
-
pensions
947
-
3 058
-
unemployment
989
-
3 191
-
total
4 727
-
20 194
-
Employer
14 208
-
45 848
-
other
-
-
-
-
unemployment
450
-
1 454
-
pensions
1 894
-
6 112
-
health
647
-
2 086
-
total
2 991
-
9 652
-
Corporate
38 301
55 500
-
-
income
9 959
14 430
-
-
total
9 959
14 430
-
-
Dividends
28 342
41 070
-
-
withholding
4 251
6 161
-
-
total
4 251
6 161
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 928
20 591
29 846
28 929
After tax
33 572
34 909
25 654
26 571
Living cost
9 481
9 481
9 481
9 481
Free-cash
24 091
25 428
16 173
17 090

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18888
₴18597
₴18704
₴13569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
13 727
pensions
-
-
-
3 460
total
-
-
-
17 187
Employee
27 216
-
48 669
-
health
395
-
784
-
income
4 902
-
10 305
-
pensions
2 310
-
4 402
-
total
7 607
-
15 491
-
Employer
27 216
-
48 669
-
pensions
2 946
-
5 907
-
health
517
-
924
-
total
3 463
-
6 831
-
Corporate
24 820
55 500
-
-
income

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

4 716
10 545
-
-
total
4 716
10 545
-
-
Dividends
20 105
44 955
-
-
withholding
1 508
6 458
-
-
total
1 508
6 458
-
-
Income
55 500
55 500
55 500
55 500
Total tax
17 294
17 003
22 322
17 187
After tax
38 206
38 497
33 178
38 313
Living cost
19 609
19 609
19 609
19 609
Free-cash
18 597
18 888
13 569
18 704

Estimated living cost  is ₴19609 per week

₴14691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7298
₴6684
₴13049
₴10323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
city
-
-
-
585
pensions
-
-
-
5 106
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.

-
-
-
1 110
regional
-
-
-
2 276
health
-
-
-
125
national
-
-
-
573
total
-
-
-
9 775
Employee
38 240
-
49 676
-
city
410
-
534
-
regional
1 252
-
1 953
-
health
86
-
112
-
pensions
3 213
-
4 173
-
unemployment
-
-
-
-
national
181
-
450
-
total
5 142
-
7 222
-
Employer
38 240
-
49 676
-
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.

765
-
994
-
unemployment
-
-
-
-
pensions
3 213
-
4 173
-
health
86
-
112
-
total
4 064
-
5 279
-
Corporate
12 776
55 500
-
-
regional
2 702
11 739
-
-
national
1 086
4 717
-
-
total
3 788
16 456
-
-
Dividends
8 988
39 044
-
-
withholding
3 146
13 666
-
-
total
3 146
13 666
-
-
Income
55 500
55 500
55 500
55 500
Total tax
16 140
30 122
12 501
9 775
After tax
39 360
25 378
42 999
45 725
Living cost
32 676
32 676
32 676
32 676
Free-cash
6 684
-7 298
10 323
13 049

Estimated living cost  is ₴32676 per week

₴21249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7770
₴14739
₴11052
₴17144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
trade
-
-
-
6 092
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.

-
-
-
14 918
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.

-
-
-
2 935
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.

-
-
-
820
total
-
-
-
24 765
Employee

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

25 821
-
55 500
-
health

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

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

2 935
-
2 935
-
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.

167
-
820
-
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.

3 036
-
14 918
-
total
6 138
-
18 673
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 679
55 500
-
-
surtax

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

245
458
-
-
income
4 452
8 325
-
-
trade
5 090
9 518
-
-
chamber of commerce
107
144
-
-
total
9 894
18 445
-
-
Dividends
19 785
37 055
-
-
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.

263
501
-
-
withholding
4 783
9 101
-
-
total
5 046
9 602
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 078
28 047
18 673
24 765
After tax
34 422
27 453
36 827
30 735
Living cost
19 683
19 683
19 683
19 683
Free-cash
14 739
7 770
17 144
11 052

Estimated living cost  is ₴19683 per week

₴14375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
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.
₴3477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13272
₴15811
₴16904
₴18062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
7 058
pensions
-
-
-
11 820
other
-
-
-
1 720
health
-
-
-
1 717
surtax
-
-
-
-
social contributions
-
-
-
1 581
total
-
-
-
23 896
Employee
18 388
-
44 125
-
social contributions
524
-
1 257
-
surtax
-
-
-
-
income
1 085
-
7 530
-
pensions
2 079
-
2 579
-
total
3 688
-
11 366
-
Employer
18 388
-
44 125
-
other
634
-
1 522
-
social contributions
55
-
132
-
unemployment
744
-
1 787
-
pensions
3 021
-
4 428
-
health
1 287
-
3 503
-
total
5 741
-
11 372
-
Corporate
31 369
55 500
-
-
surtax
-
-
-
-
income
8 784
15 540
-
-
total
8 784
15 540
-
-
Dividends
22 585
39 960
-
-
surtax
-
-
-
-
social contributions
3 885
6 873
-
-
withholding
2 891
5 115
-
-
total
6 776
11 988
-
-
Income
55 500
55 500
55 500
55 500
Total tax
24 989
27 528
22 738
23 896
After tax
30 511
27 972
32 762
31 604
Living cost
14 700
14 700
14 700
14 700
Free-cash
15 811
13 272
18 062
16 904

Estimated living cost  is ₴14700 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
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.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14729
₴17114
₴18361
₴19519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
7 058
pensions
-
-
-
11 820
other
-
-
-
1 720
health
-
-
-
1 717
surtax
-
-
-
-
social contributions
-
-
-
1 581
total
-
-
-
23 896
Employee
16 414
-
44 125
-
social contributions
468
-
1 257
-
surtax
-
-
-
-
income
846
-
7 530
-
pensions
1 857
-
2 579
-
total
3 171
-
11 366
-
Employer
16 414
-
44 125
-
other
567
-
1 522
-
social contributions
49
-
132
-
unemployment
665
-
1 787
-
pensions
2 697
-
4 428
-
health
1 149
-
3 503
-
total
5 127
-
11 372
-
Corporate
33 960
55 500
-
-
surtax
-
-
-
-
income
9 509
15 540
-
-
total
9 509
15 540
-
-
Dividends
24 451
39 960
-
-
surtax
-
-
-
-
social contributions
4 206
6 873
-
-
withholding
3 130
5 115
-
-
total
7 336
11 988
-
-
Income
55 500
55 500
55 500
55 500
Total tax
25 143
27 528
22 738
23 896
After tax
30 357
27 972
32 762
31 604
Living cost
13 243
13 243
13 243
13 243
Free-cash
17 114
14 729
19 519
18 361

Estimated living cost  is ₴13243 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24749
₴24970
₴26531
₴25979
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
8 325
health
-
-
-
3 874
social contributions
-
-
-
7 659
total
-
-
-
19 858
Employee
14 568
-
55 500
-
social contributions
2 011
-
7 659
-
health
1 017
-
3 874
-
income
2 430
-
8 877
-
total
5 458
-
20 410
-
Employer
14 568
-
55 500
-
total
-
-
-
-
Corporate
40 932
55 500
-
-
income

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

2 047
2 775
-
-
total
2 047
2 775
-
-
Dividends
38 886
52 725
-
-
health
2 714
3 680
-
-
social contributions
5 367
7 276
-
-
withholding
5 833
7 909
-
-
total
13 914
18 865
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 419
21 640
20 410
19 858
After tax
34 081
33 860
35 090
35 642
Living cost
9 111
9 111
9 111
9 111
Free-cash
24 970
24 749
25 979
26 531

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15761
₴15098
₴12741
₴86
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
chamber of commerce
-
-
-
222
income
-
-
-
11 553
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 839
surtax
-
-
-
85
total
-
-
-
27 620
Employee
21 472
17 122
43 031
-
other
214
171
431
-
health
831
663
1 665
-
income
2 444
1 263
9 663
-
pensions
2 199
1 753
4 406
-
unemployment
644
514
1 291
-
total
6 332
4 364
17 456
-
Employer
21 472
17 122
43 031
-
accident
279
223
559
-
other
1 020
813
2 044
-
chamber of commerce
86
68
172
-
unemployment
644
514
1 291
-
surtax
85
85
85
-
pensions
2 695
2 149
5 400
-
payroll
644
514
1 291
-
health
811
647
1 627
-
total
6 264
5 013
12 469
-
Corporate
27 764
33 365
41 401
-
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.

6 941
8 341
10 350
-
total
6 941
8 341
10 350
-
Dividends
20 823
25 024
-
-
withholding
5 726
6 882
-
-
total
5 726
6 882
-
-
Income
55 500
55 500
55 500
55 500
Total tax
25 263
24 600
40 275
27 620
After tax
30 237
30 900
15 225
27 880
Living cost
15 139
15 139
15 139
15 139
Free-cash
15 098
15 761
86
12 741

Estimated living cost  is ₴15139 per week

₴10097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
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.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15415
₴8971
₴9105
₴5002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
national
-
-
-
19 125
communal

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

-
-
-
2 802
social contributions
-
-
-
8 802
total
-
-
-
30 729
Employee

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

30 733
-
42 988
-
communal

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

1 603
-
2 242
-
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.

1 444
-
2 020
-
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.

2 305
-
3 224
-
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.

267
-
374
-
national
9 449
-
14 460
-
total
15 068
-
22 320
-
Employer

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

30 733
-
42 988
-
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.

400
-
559
-
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.

448
-
628
-
surtax
3 485
-
4 874
-
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.

2 723
-
3 808
-
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.

1 890
-
2 643
-
total
8 946
-
12 512
-
Corporate
15 821
55 500
-
-
surtax
64
222
-
-
income
3 164
11 100
-
-
total
3 228
11 322
-
-
Dividends
12 593
44 178
-
-
withholding

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

3 621
13 097
-
-
total
3 621
13 097
-
-
Income
55 500
55 500
55 500
55 500
Total tax
30 863
24 419
34 832
30 729
After tax
24 637
31 081
20 668
24 771
Living cost
15 666
15 666
15 666
15 666
Free-cash
8 971
15 415
5 002
9 105

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
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.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21721
₴18425
₴15425
₴13361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
accident
-
-
-
359
income
-
-
-
12 610
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
24 558
Employee
21 387
-
42 804
-
other
21
-
40
-
income
4 513
-
11 397
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
total
5 871
-
13 926
-
Employer
21 387
-
42 804
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 177
-
2 190
-
pensions
5 047
-
9 399
-
total
6 817
-
12 696
-
Corporate
27 296
55 500
-
-
income

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

4 095
8 325
-
-
total
4 095
8 325
-
-
Dividends
23 201
47 175
-
-
withholding
4 775
9 937
-
-
total
4 775
9 937
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 558
18 262
26 622
24 558
After tax
33 942
37 238
28 878
30 942
Living cost
15 517
15 517
15 517
15 517
Free-cash
18 425
21 721
13 361
15 425

Estimated living cost  is ₴15517 per week

₴11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
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.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10073
₴5780
₴6349
₴8563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
accident
-
-
-
468
income
-
-
-
6 855
pensions
-
-
-
8 319
health
-
-
-
3 900
surtax
-
-
-
2 752
communal
-
-
-
3 508
total
-
-
-
25 802
Employee
32 537
-
49 576
-
health
1 448
-
2 206
-
surtax
1 994
-
3 038
-
income
3 143
-
8 454
-
pensions
2 603
-
3 966
-
total
9 188
-
17 664
-
Employer
32 537
-
49 576
-
accident
293
-
446
-
pensions
2 603
-
3 966
-
health
992
-
1 512
-
total
3 888
-
5 924
-
Corporate
19 075
55 500
-
-
surtax
201
583
-
-
communal
1 287
3 747
-
-
income
2 861
8 325
-
-
total
4 349
12 655
-
-
Dividends
14 726
42 846
-
-
income
6 737
2 996
-
-
withholding
2 209
6 427
-
-
total
8 946
9 423
-
-
Income
55 500
55 500
55 500
55 500
Total tax
26 371
22 078
23 588
25 802
After tax
29 129
33 422
31 912
29 698
Living cost
23 349
23 349
23 349
23 349
Free-cash
5 780
10 073
8 563
6 349

Estimated living cost  is ₴23349 per week

₴17515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25259
₴23894
₴16921
₴16004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
12 129
pensions
-
-
-
11 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 940
surtax
-
-
-
1 662
total
-
-
-
28 929
Employee
14 469
-
45 848
-
other
-
-
-
-
health
369
-
1 169
-
surtax
51
-
1 517
-
income
2 426
-
11 259
-
pensions
965
-
3 058
-
unemployment
1 007
-
3 191
-
total
4 818
-
20 194
-
Employer
14 469
-
45 848
-
other
-
-
-
-
unemployment
459
-
1 454
-
pensions
1 929
-
6 112
-
health
658
-
2 086
-
total
3 046
-
9 652
-
Corporate
37 985
55 500
-
-
income
9 876
14 430
-
-
total
9 876
14 430
-
-
Dividends
28 108
41 070
-
-
withholding
4 216
6 161
-
-
total
4 216
6 161
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 956
20 591
29 846
28 929
After tax
33 544
34 909
25 654
26 571
Living cost
9 650
9 650
9 650
9 650
Free-cash
23 894
25 259
16 004
16 921

Estimated living cost  is ₴9650 per week

₴5826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17598
₴16644
₴15820
₴13193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
municipal
-
-
-
329
regional
-
-
-
837
national
-
-
-
12 666
social contributions
-
-
-
14 274
total
-
-
-
28 106
Employee
23 833
-
55 500
-
social contributions
8 037
-
18 715
-
regional
321
-
746
-
municipal
126
-
294
-
national
3 776
-
10 978
-
total
12 260
-
30 733
-
Employer
23 833
-
55 500
-
total
-
-
-
-
Corporate
31 667
55 500
-
-
nationa
7 600
13 320
-
-
municipal
1 574
2 758
-
-
total
9 174
16 078
-
-
Dividends
22 493
39 421
-
-
withholding
5 848
10 250
-
-
total
5 848
10 250
-
-
Income
55 500
55 500
55 500
55 500
Total tax
27 282
26 328
30 733
28 106
After tax
28 218
29 172
24 767
27 394
Living cost
11 574
11 574
11 574
11 574
Free-cash
16 644
17 598
13 193
15 820

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25551
₴21033
₴15579
₴15504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
4 983
health
-
-
-
7 493
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 784
total
-
-
-
27 260
Employee
18 619
-
41 418
-
social contributions
1 210
-
2 692
-
health
2 514
-
5 591
-
solidarity contribution
-
-
-
-
income
2 234
-
4 970
-
total
5 958
-
13 253
-
Employer
18 619
-
41 418
-
social contributions
4 655
-
10 354
-
health
1 676
-
3 728
-
total
6 331
-
14 082
-
Corporate
30 551
55 500
-
-
income
5 805
10 545
-
-
total
5 805
10 545
-
-
Dividends
24 746
44 955
-
-
withholding
3 712
6 743
-
-
total
3 712
6 743
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 806
17 288
27 335
27 260
After tax
33 694
38 212
28 165
28 240
Living cost
12 661
12 661
12 661
12 661
Free-cash
21 033
25 551
15 504
15 579

Estimated living cost  is ₴12661 per week

₴9415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17240
₴17030
₴14258
₴1533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
chamber of commerce
-
-
-
222
income
-
-
-
11 553
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 839
surtax
-
-
-
-
total
-
-
-
27 535
Employee
18 781
17 122
43 097
-
other
188
171
431
-
health
726
663
1 668
-
income
1 673
1 263
9 686
-
pensions
1 923
1 753
4 413
-
unemployment
563
514
1 293
-
total
5 073
4 364
17 491
-
Employer
18 781
17 122
43 097
-
accident
244
223
560
-
other
892
813
2 047
-
chamber of commerce
75
68
172
-
unemployment
563
514
1 293
-
surtax
-
-
-
-
pensions
2 357
2 149
5 409
-
payroll
563
514
1 293
-
health
710
647
1 629
-
total
5 404
4 928
12 403
-
Corporate
31 314
33 450
41 466
-
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.

7 828
8 362
10 366
-
total
7 828
8 362
10 366
-
Dividends
23 486
25 088
-
-
withholding
6 458
6 899
-
-
total
6 458
6 899
-
-
Income
55 500
55 500
55 500
55 500
Total tax
24 763
24 553
40 260
27 535
After tax
30 737
30 947
15 240
27 965
Living cost
13 707
13 707
13 707
13 707
Free-cash
17 030
17 240
1 533
14 258

Estimated living cost  is ₴13707 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴46659
₴45521
₴48879
₴38334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
55 500
microenterprise

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

-
-
-
555
total
-
-
-
555
Employee
7 582
-
55 500
-
income
1 517
-
11 100
-
total
1 517
-
11 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

47 918
55 500
-
-
total
-
-
-
-
Dividends
47 918
55 500
-
-
withholding
2 396
2 775
-
-
total
2 396
2 775
-
-
Income
55 500
55 500
55 500
55 500
Total tax
3 913
2 775
11 100
555
After tax
51 587
52 725
44 400
54 945
Living cost
6 066
6 066
6 066
6 066
Free-cash
45 521
46 659
38 334
48 879

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26688
₴23096
₴16607
₴15050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
income
-
-
-
11 689
pensions
-
-
-
10 136
unemployment
-
-
-
83
health
-
-
-
5 461
total
-
-
-
27 369
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.

18 999
-
48 022
-
health
1 227
-
3 102
-
income
3 276
-
10 836
-
pensions
2 945
-
7 443
-
unemployment
27
-
67
-
total
7 475
-
21 448
-
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.

18 999
-
48 022
-
unemployment
11
-
29
-
pensions
1 681
-
4 250
-
health
1 265
-
3 199
-
total
2 957
-
7 478
-
Corporate
33 543
55 500
-
-
income
6 373
10 545
-
-
total
6 373
10 545
-
-
Dividends
27 170
44 955
-
-
withholding
4 075
6 743
-
-
total
4 075
6 743
-
-
Income
55 500
55 500
55 500
55 500
Total tax
20 880
17 288
28 926
27 369
After tax
34 620
38 212
26 574
28 131
Living cost
11 524
11 524
11 524
11 524
Free-cash
23 096
26 688
15 050
16 607

Estimated living cost  is ₴11524 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15132
-₴8892
₴19721
₴31185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
10 818
social contributions
-
-
-
6 327
total
-
-
-
17 145
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 673
-
5 369
-
total
37 673
-
5 369
-
Corporate
-
55 500
-
-
income
-
12 210
-
-
total
-
12 210
-
-
Dividends
-
43 290
-
-
income
-
9 524
-
-
total
-
9 524
-
-
Income
55 500
55 500
55 500
55 500
Total tax
45 758
21 734
5 681
17 145
After tax
9 742
33 766
49 819
38 355
Living cost
18 634
18 634
18 634
18 634
Free-cash
-8 892
15 132
31 185
19 721

Estimated living cost  is ₴18634 per week

₴12090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
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.
₴4553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18091
₴17658
₴16925
₴13332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
income
-
-
-
5 812
surtax
-
-
-
-
social contributions

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

-
-
-
19 286
total
-
-
-
25 098
Employee
19 761
-
44 848
-
social contributions
2 174
-
4 934
-
surtax
-
-
-
-
income
4 110
-
13 105
-
total
6 284
-
18 039
-
Employer
19 761
-
44 848
-
social contributions
4 693
-
10 652
-
total
4 693
-
10 652
-
Corporate
31 046
55 500
-
-
surtax
-
-
-
-
income
6 520
11 655
-
-
total
6 520
11 655
-
-
Dividends
24 527
43 845
-
-
withholding
6 868
12 277
-
-
total
6 868
12 277
-
-
Income
55 500
55 500
55 500
55 500
Total tax
24 365
23 932
28 691
25 098
After tax
31 135
31 568
26 809
30 402
Living cost
13 477
13 477
13 477
13 477
Free-cash
17 658
18 091
13 332
16 925

Estimated living cost  is ₴13477 per week

₴10083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7220
₴10172
₴10852
₴12010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
7 058
pensions
-
-
-
11 820
other
-
-
-
1 720
health
-
-
-
1 717
surtax
-
-
-
-
social contributions
-
-
-
1 581
total
-
-
-
23 896
Employee
26 910
-
44 125
-
social contributions
766
-
1 257
-
surtax
-
-
-
-
income
2 348
-
7 530
-
pensions
3 044
-
2 579
-
total
6 158
-
11 366
-
Employer
26 910
-
44 125
-
other
929
-
1 522
-
social contributions
81
-
132
-
unemployment
1 090
-
1 787
-
pensions
4 422
-
4 428
-
health
1 883
-
3 503
-
total
8 405
-
11 372
-
Corporate
20 185
55 500
-
-
surtax
-
-
-
-
income
5 652
15 540
-
-
total
5 652
15 540
-
-
Dividends
14 533
39 960
-
-
surtax
-
-
-
-
social contributions
2 500
6 873
-
-
withholding
1 861
5 115
-
-
total
4 361
11 988
-
-
Income
55 500
55 500
55 500
55 500
Total tax
24 576
27 528
22 738
23 896
After tax
30 924
27 972
32 762
31 604
Living cost
20 752
20 752
20 752
20 752
Free-cash
10 172
7 220
12 010
10 852

Estimated living cost  is ₴20752 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37035
₴35592
₴28655
₴30131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
1 720
social contributions
-
-
-
12 210
total
-
-
-
13 930
Employee
13 813
-
48 053
-
income
-
-
1 883
-
social contributions
898
-
3 124
-
total
898
-
5 007
-
Employer
13 813
-
48 053
-
social contributions
2 141
-
7 447
-
total
2 141
-
7 447
-
Corporate
39 546
55 500
-
-
income
3 954
5 550
-
-
total
3 954
5 550
-
-
Dividends
35 592
49 950
-
-
total
-
-
-
-
Income
55 500
55 500
55 500
55 500
Total tax
6 993
5 550
12 454
13 930
After tax
48 507
49 950
43 046
41 570
Living cost
12 915
12 915
12 915
12 915
Free-cash
35 592
37 035
30 131
28 655

Estimated living cost  is ₴12915 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴38111
-₴38111
₴13061
-₴38111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
municipal
-
-
-
10 962
pensions
-
-
-
372
national
-
-
-
6 003
labour market
-
-
-
4 410
total
-
-
-
21 747
Employee
87 336
87 336
87 336
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 336
87 336
87 336
-
labour market
6 987
6 987
6 987
-
municipal
18 627
18 627
18 627
-
pensions
248
248
248
-
national
10 688
10 688
10 688
-
total
36 550
36 550
36 550
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
55 500
55 500
55 500
55 500
Total tax
72 919
72 919
72 919
21 747
After tax
-17 419
-17 419
-17 419
33 753
Living cost
20 692
20 692
20 692
20 692
Free-cash
-38 111
-38 111
-38 111
13 061

Estimated living cost  is ₴20692 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4796
₴3071
₴28721
₴20154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
accident
-
-
-
108
income
-
-
-
14 503
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
17 488
Employee
14 615
-
48 768
-
health
1 674
-
5 584
-
income
2 005
-
10 470
-
pensions
1 646
-
3 270
-
total
5 325
-
19 324
-
Employer
14 615
-
48 768
-
accident
244
-
814
-
unemployment
358
-
1 195
-
pensions
2 376
-
4 722
-
total
2 978
-
6 731
-
Corporate
37 906
55 500
-
-
income

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

34 115
49 950
-
-
total
34 115
49 950
-
-
Dividends
3 791
5 550
-
-
withholding
720
1 055
-
-
total
720
1 055
-
-
Income
55 500
55 500
55 500
55 500
Total tax
43 138
51 005
26 055
17 488
After tax
12 362
4 495
29 445
38 012
Living cost
9 291
9 291
9 291
9 291
Free-cash
3 071
-4 796
20 154
28 721

Estimated living cost  is ₴9291 per week

₴6763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
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.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19448
₴19641
₴21512
₴13903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
55 500
municipal
-
-
-
9 868
health
-
-
-
675
national
-
-
-
6 949
total
-
-
-
17 492
Employee
22 605
-
46 690
-
health
169
-
540
-
municipal
3 702
-
7 614
-
pensions
1 526
-
3 151
-
unemployment
339
-
700
-
national
373
-
4 287
-
total
6 109
-
16 292
-
Employer
22 605
-
46 690
-
accident
23
-
46
-
unemployment
147
-
303
-
pensions
3 922
-
8 100
-
health
174
-
360
-
total
4 266
-
8 809
-
Corporate
28 630
55 500
-
-
income
5 726
11 100
-
-
total
5 726
11 100
-
-
Dividends

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

17 178
33 300
-
-
national
170
2 462
-
-
municipal
3 092
5 994
-
-
total
3 262
8 456
-
-
Income
55 500
55 500
55 500
55 500
Total tax
19 363
19 556
25 101
17 492
After tax
36 137
35 944
30 399
38 008
Living cost
16 496
16 496
16 496
16 496
Free-cash
19 641
19 448
13 903
21 512

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30606
₴28268
₴28908
₴28324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
8 277
health
-
-
-
1 415
social contributions
-
-
-
6 952
total
-
-
-
16 644
Employee
33 038
33 038
50 861
-
social contributions
1 249
2 742
3 698
-
health
256
562
864
-
income
3 597
3 058
8 027
-
total
5 102
6 362
12 589
-
Employer
33 038
33 038
50 861
-
social contributions
1 249
2 742
3 698
-
health
278
612
941
-
total
1 527
3 354
4 639
-
Corporate
38 923
19 108
-
-
income
4 865
2 388
-
-
total
4 865
2 388
-
-
Dividends
34 058
16 720
-
-
withholding
5 790
2 842
-
-
total
5 790
2 842
-
-
Income
55 500
55 500
55 500
55 500
Total tax
17 284
14 946
17 228
16 644
After tax
38 216
40 554
38 272
38 856
Living cost
9 948
9 948
9 948
9 948
Free-cash
28 268
30 606
28 324
28 908

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39137
₴36953
₴38898
₴30280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
55 500
income
-
-
-
5 480
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
9 780
Employee

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

9 862
-
51 301
-
health
838
-
3 465
-
income
674
-
4 415
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
14 199
-
Employer

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

9 862
-
51 301
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
44 623
55 500
-
-
income
4 016
4 995
-
-
total
4 016
4 995
-
-
Dividends
40 606
50 505
-
-
withholding
3 654
4 546
-
-
total
3 654
4 546
-
-
Income
55 500
55 500
55 500
55 500
Total tax
11 725
9 541
18 398
9 780
After tax
43 775
45 959
37 102
45 720
Living cost
6 822
6 822
6 822
6 822
Free-cash
36 953
39 137
30 280
38 898

Estimated living cost  is ₴6822 per week

₴4352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25423
₴23298
₴19127
₴17063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
accident
-
-
-
359
income
-
-
-
12 610
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
24 558
Employee
15 887
-
42 804
-
other
15
-
40
-
income
3 063
-
11 397
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
total
4 071
-
13 926
-
Employer
15 887
-
42 804
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 190
-
pensions
3 749
-
9 399
-
total
5 065
-
12 696
-
Corporate
34 548
55 500
-
-
income

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

5 182
8 325
-
-
total
5 182
8 325
-
-
Dividends
29 366
47 175
-
-
withholding
6 069
9 937
-
-
total
6 069
9 937
-
-
Income
55 500
55 500
55 500
55 500
Total tax
20 387
18 262
26 622
24 558
After tax
35 113
37 238
28 878
30 942
Living cost
11 815
11 815
11 815
11 815
Free-cash
23 298
25 423
17 063
19 127

Estimated living cost  is ₴11815 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
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.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33455
₴33262
₴34208
₴34123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
18 635
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
20 115
Employee
1 792
-
54 534
-
health
90
-
215
-
income
347
-
18 590
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
19 234
-
Employer
1 792
-
54 534
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
53 304
55 500
-
-
income
11 727
12 210
-
-
total
11 727
12 210
-
-
Dividends
41 577
43 290
-
-
withholding
8 315
8 658
-
-
total
8 315
8 658
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 061
20 868
20 200
20 115
After tax
34 439
34 632
35 300
35 385
Living cost
1 177
1 177
1 177
1 177
Free-cash
33 262
33 455
34 123
34 208

Estimated living cost  is ₴1177 per week

₴699
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.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32669
₴30555
₴23989
₴23989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
income
-
-
-
12 080
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
24 081
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.

11 204
-
49 816
-
health
577
-
1 635
-
income
1 544
-
12 080
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
18 398
-
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.

11 204
-
49 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
42 290
55 500
-
-
income
6 344
8 325
-
-
total
6 344
8 325
-
-
Dividends
35 947
47 175
-
-
withholding
5 392
7 076
-
-
total
5 392
7 076
-
-
Income
55 500
55 500
55 500
55 500
Total tax
17 515
15 401
24 081
24 081
After tax
37 985
40 099
31 419
31 419
Living cost
7 430
7 430
7 430
7 430
Free-cash
30 555
32 669
23 989
23 989

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19985
₴19830
₴18819
₴15226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
income
-
-
-
5 812
surtax
-
-
-
-
social contributions

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

-
-
-
19 286
total
-
-
-
25 098
Employee
16 676
-
44 848
-
social contributions
1 835
-
4 934
-
surtax
-
-
-
-
income
3 258
-
13 105
-
total
5 093
-
18 039
-
Employer
16 676
-
44 848
-
social contributions
3 960
-
10 652
-
total
3 960
-
10 652
-
Corporate
34 864
55 500
-
-
surtax
-
-
-
-
income
7 322
11 655
-
-
total
7 322
11 655
-
-
Dividends
27 542
43 845
-
-
withholding
7 712
12 277
-
-
total
7 712
12 277
-
-
Income
55 500
55 500
55 500
55 500
Total tax
24 087
23 932
28 691
25 098
After tax
31 413
31 568
26 809
30 402
Living cost
11 583
11 583
11 583
11 583
Free-cash
19 830
19 985
15 226
18 819

Estimated living cost  is ₴11583 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
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.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22138
₴18991
₴15842
₴13778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
accident
-
-
-
359
income
-
-
-
12 610
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
24 558
Employee
20 750
-
42 804
-
other
20
-
40
-
income
4 334
-
11 397
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
13 926
-
Employer
20 750
-
42 804
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 190
-
pensions
4 897
-
9 399
-
total
6 615
-
12 696
-
Corporate
28 134
55 500
-
-
income

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

4 220
8 325
-
-
total
4 220
8 325
-
-
Dividends
23 914
47 175
-
-
withholding
4 924
9 937
-
-
total
4 924
9 937
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 409
18 262
26 622
24 558
After tax
34 091
37 238
28 878
30 942
Living cost
15 100
15 100
15 100
15 100
Free-cash
18 991
22 138
13 778
15 842

Estimated living cost  is ₴15100 per week

₴10844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
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.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40062
₴37443
₴35778
₴37738
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
8 325
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
12 332
Employee
9 786
-
52 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
5 255
-
pensions

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

859
-
1 318
-
total
2 396
-
7 428
-
Employer
9 786
-
52 556
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
43 794
55 500
-
-
income
4 380
5 550
-
-
total
4 380
5 550
-
-
Dividends
39 415
49 950
-
-
withholding
1 971
2 498
-
-
total
1 971
2 498
-
-
Income
55 500
55 500
55 500
55 500
Total tax
10 667
8 048
10 372
12 332
After tax
44 833
47 452
45 128
43 168
Living cost
7 390
7 390
7 390
7 390
Free-cash
37 443
40 062
37 738
35 778

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12008
₴17630
₴15141
₴20239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
trade
-
-
-
5 098
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.

-
-
-
14 918
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.

-
-
-
2 935
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.

-
-
-
820
total
-
-
-
23 771
Employee

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

21 378
-
55 500
-
health

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

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

2 935
-
2 935
-
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.

97
-
820
-
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.

1 758
-
14 918
-
total
4 790
-
18 673
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 122
55 500
-
-
surtax

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

281
458
-
-
income
5 118
8 325
-
-
trade
4 896
7 964
-
-
chamber of commerce
115
147
-
-
total
10 410
16 894
-
-
Dividends
23 712
38 606
-
-
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.

317
522
-
-
withholding
5 765
9 488
-
-
total
6 082
10 010
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 282
26 904
18 673
23 771
After tax
34 218
28 596
36 827
31 729
Living cost
16 588
16 588
16 588
16 588
Free-cash
17 630
12 008
20 239
15 141

Estimated living cost  is ₴16588 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
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.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14375
₴15324
₴10726
₴10726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
15 099
social contributions
-
-
-
5 200
total
-
-
-
20 299
Employee
33 608
-
55 500
-
income
6 342
-
15 099
-
social contributions
2 792
-
5 200
-
total
9 134
-
20 299
-
Employer
33 608
-
55 500
-
total
-
-
-
-
Corporate
21 892
55 500
-
-
income
2 736
6 938
-
-
total
2 736
6 938
-
-
Dividends
19 155
48 562
-
-
withholding
3 831
9 712
-
-
total
3 831
9 712
-
-
Income
55 500
55 500
55 500
55 500
Total tax
15 701
16 650
20 299
20 299
After tax
39 799
38 850
35 201
35 201
Living cost
24 475
24 475
24 475
24 475
Free-cash
15 324
14 375
10 726
10 726

Estimated living cost  is ₴24475 per week

₴18620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18208
₴19708
₴24794
₴25098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
income
-
-
-
12 230
health

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

-
-
-
2 879
total
-
-
-
15 109
Employee
19 710
-
53 524
-
income
2 139
-
10 854
-
social contributions
1 975
-
1 976
-
total
4 114
-
12 830
-
Employer
19 710
-
53 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
33 815
55 500
-
-
income
11 836
19 425
-
-
total
11 836
19 425
-
-
Dividends
21 980
36 075
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
55 500
55 500
55 500
55 500
Total tax
20 195
21 695
14 806
15 109
After tax
35 305
33 805
40 694
40 391
Living cost
15 596
15 596
15 596
15 596
Free-cash
19 708
18 208
25 098
24 794

Estimated living cost  is ₴15596 per week

₴10273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴22555
₴23219
₴22371
₴17236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
income
-
-
-
13 727
pensions
-
-
-
3 460
total
-
-
-
17 187
Employee
21 882
-
48 669
-
health
285
-
784
-
income
3 985
-
10 305
-
pensions
1 670
-
4 402
-
total
5 940
-
15 491
-
Employer
21 882
-
48 669
-
pensions
2 211
-
5 907
-
health
416
-
924
-
total
2 627
-
6 831
-
Corporate
30 991
55 500
-
-
income

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

5 889
10 545
-
-
total
5 889
10 545
-
-
Dividends
25 102
44 955
-
-
withholding
1 883
6 458
-
-
total
1 883
6 458
-
-
Income
55 500
55 500
55 500
55 500
Total tax
16 339
17 003
22 322
17 187
After tax
39 161
38 497
33 178
38 313
Living cost
15 942
15 942
15 942
15 942
Free-cash
23 219
22 555
17 236
22 371

Estimated living cost  is ₴15942 per week

₴10936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5716
₴2929
₴27801
₴19234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
accident
-
-
-
108
income
-
-
-
14 503
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
17 488
Employee
16 062
-
48 768
-
health
1 839
-
5 584
-
income
2 204
-
10 470
-
pensions
1 809
-
3 270
-
total
5 852
-
19 324
-
Employer
16 062
-
48 768
-
accident
268
-
814
-
unemployment
393
-
1 195
-
pensions
2 612
-
4 722
-
total
3 273
-
6 731
-
Corporate
36 165
55 500
-
-
income

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

32 548
49 950
-
-
total
32 548
49 950
-
-
Dividends
3 617
5 550
-
-
withholding
687
1 055
-
-
total
687
1 055
-
-
Income
55 500
55 500
55 500
55 500
Total tax
42 360
51 005
26 055
17 488
After tax
13 140
4 495
29 445
38 012
Living cost
10 211
10 211
10 211
10 211
Free-cash
2 929
-5 716
19 234
27 801

Estimated living cost  is ₴10211 per week

₴7494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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Skopje , Macedonia
₴40900
₴38892
₴25589
₴31405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
55 500
work injury
-
-
-
278
health insurance
-
-
-
4 107
income
-
-
-
8 845
pensions
-
-
-
10 212
unemployment
-
-
-
666
total
-
-
-
24 108
Employee

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

9 285
-
55 500
-
work injury
46
-
172
-
income
928
-
8 845
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
18 292
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 215
55 500
-
-
income

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

462
555
-
-
total
462
555
-
-
Dividends
45 753
54 945
-
-
withholding
6 863
8 242
-
-
total
6 863
8 242
-
-
Income
55 500
55 500
55 500
55 500
Total tax
10 805
8 797
18 292
24 108
After tax
44 695
46 703
37 208
31 392
Living cost
5 803
5 803
5 803
5 803
Free-cash
38 892
40 900
31 405
25 589

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12118
₴10164
₴9849
₴7310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
55 500
municipal
-
-
-
371
regional
-
-
-
1 224
national
-
-
-
12 666
social contributions
-
-
-
14 274
total
-
-
-
28 535
Employee
36 205
-
55 500
-
social contributions
12 208
-
18 715
-
regional
547
-
1 050
-
municipal
216
-
331
-
national
6 118
-
10 978
-
total
19 089
-
31 074
-
Employer
36 205
-
55 500
-
total
-
-
-
-
Corporate
19 295
55 500
-
-
nationa
4 630
13 320
-
-
municipal
930
2 675
-
-
total
5 560
15 995
-
-
Dividends
13 734
39 505
-
-
withholding
3 571
10 271
-
-
total
3 571
10 271
-
-
Income
55 500
55 500
55 500
55 500
Total tax
28 220
26 266
31 074
28 535
After tax
27 280
29 234
24 426
26 965
Living cost
17 116
17 116
17 116
17 116
Free-cash
10 164
12 118
7 310
9 849

Estimated living cost  is ₴17116 per week

₴12023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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