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
₴ 56000
per

Your estimated
City
free-cash

Dresden , Germany
₴23687
₴12744
₴18628
₴18425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
health

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

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

-
-
-
3 509
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.

-
-
-
12 556
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.

-
-
-
691
trade
-
-
-
5 059
total
-
-
-
21 815
Employee

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

19 645
-
56 000
-
surtax

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

30
-
691
-
income

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

549
-
12 556
-
health

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

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

3 509
-
3 509
-
total
4 088
-
16 756
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 355
56 000
-
-
chamber of commerce
131
159
-
-
surtax

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

300
462
-
-
trade
5 726
8 820
-
-
income
5 453
8 400
-
-
total
11 610
17 841
-
-
Dividends
24 744
38 159
-
-
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.

329
514
-
-
withholding
5 991
9 344
-
-
total
6 320
9 858
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 018
27 699
16 756
21 815
After tax
33 982
28 301
39 244
34 185
Living cost
15 557
15 557
15 557
15 557
Free-cash
18 425
12 744
23 687
18 628

Estimated living cost  is ₴15557 per week

₴9786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7079
₴7858
₴6639
₴7407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
602
pensions
-
-
-
6 720
national
-
-
-
9 088
municipal
-
-
-
5 865
total
-
-
-
22 275
Employee
41 988
-
48 411
-
municipal
5 186
-
6 082
-
national
8 037
-
9 424
-
pensions
1 680
-
1 936
-
total
14 903
-
17 442
-
Employer
41 988
-
48 411
-
pensions
3 359
-
3 873
-
social contributions
451
-
520
-
total
3 810
-
4 393
-
Corporate
7 430
56 000
-
-
income

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

1 486
11 200
-
-
total
1 486
11 200
-
-
Dividends
5 944
44 800
-
-
withholding
1 308
9 856
-
-
total
1 308
9 856
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 507
21 056
21 835
22 275
After tax
34 493
34 944
34 165
33 725
Living cost
27 086
27 086
27 086
27 086
Free-cash
7 407
7 858
7 079
6 639

Estimated living cost  is ₴27086 per week

₴18410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2518
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴405
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20825
₴34114
₴19156
₴29901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
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.

-
-
-
18 004
income
-
-
-
8 154
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
26 158
Employee
15 008
-
45 128
-
surtax
-
-
-
-
social contributions

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

1 651
-
4 964
-
income
2 672
-
8 653
-
total
4 323
-
13 617
-
Employer
15 008
-
45 128
-
surtax
-
-
-
-
social contributions

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

3 615
-
10 872
-
total
3 615
-
10 872
-
Corporate
37 376
56 000
-
-
income

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

7 475
11 200
-
-
total
7 475
11 200
-
-
Dividends

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

29 902
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 413
11 200
24 489
26 158
After tax
40 587
44 800
31 511
29 842
Living cost
10 686
10 686
10 686
10 686
Free-cash
29 901
34 114
20 825
19 156

Estimated living cost  is ₴10686 per week

₴6817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1018
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.
₴2608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7000
₴5696
₴10328
₴2550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
6 334
income
-
-
-
11 804
pensions
-
-
-
6 018
total
-
-
-
24 156
Employee
43 861
43 861
47 656
-
income

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

7 179
7 179
7 179
-
pensions
7 895
6 018
6 018
-
health
6 732
5 726
5 943
-
total
21 806
18 923
19 140
-
Employer
43 861
43 861
47 656
-
unemployment
1 579
1 579
1 715
-
health
3 049
3 049
3 312
-
pensions
3 053
3 053
3 317
-
total
7 681
7 681
8 344
-
Corporate
4 996
4 458
-
-
income
999
892
-
-
total
999
892
-
-
Dividends
3 997
3 566
-
-
income
849
757
-
-
withholding
599
535
-
-
total
1 448
1 292
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 934
28 788
27 484
24 156
After tax
24 066
27 212
28 516
31 844
Living cost
21 516
21 516
21 516
21 516
Free-cash
2 550
5 696
7 000
10 328

Estimated living cost  is ₴21516 per week

₴15248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴8529
₴9200
₴8400
₴8720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
5 444
health
-
-
-
2 923
accident
-
-
-
94
pensions
-
-
-
5 064
national
-
-
-
-
unemployment
-
-
-
47
municipal
-
-
-
12 652
total
-
-
-
26 224
Employee
30 458
-
42 612
-
municipal
9 083
-
12 707
-
national
-
-
-
-
total
9 083
-
12 707
-
Employer
30 458
-
42 612
-
other
3 539
-
4 951
-
unemployment
804
-
1 125
-
health
1 873
-
2 621
-
accident
61
-
85
-
pensions
3 293
-
4 606
-
total
9 570
-
13 388
-
Corporate
15 971
56 000
-
-
income
3 514
12 320
-
-
total
3 514
12 320
-
-
Dividends
12 458
43 680
-
-
withholding
3 737
13 104
-
-
total
3 737
13 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 904
25 424
26 095
26 224
After tax
30 096
30 576
29 905
29 776
Living cost
21 376
21 376
21 376
21 376
Free-cash
8 720
9 200
8 529
8 400

Estimated living cost  is ₴21376 per week

₴14167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19067
₴7835
₴13783
₴15052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
health

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

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

-
-
-
3 509
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.

-
-
-
12 556
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.

-
-
-
691
trade
-
-
-
5 284
total
-
-
-
22 040
Employee

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

26 047
-
56 000
-
surtax

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

123
-
691
-
income

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

2 238
-
12 556
-
health

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

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

3 509
-
3 509
-
total
5 870
-
16 756
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 953
56 000
-
-
chamber of commerce
121
158
-
-
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.

248
462
-
-
trade
4 927
9 212
-
-
income
4 493
8 400
-
-
total
9 789
18 232
-
-
Dividends
20 164
37 768
-
-
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.

266
509
-
-
withholding
4 846
9 247
-
-
total
5 112
9 756
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 771
27 988
16 756
22 040
After tax
35 229
28 012
39 244
33 960
Living cost
20 177
20 177
20 177
20 177
Free-cash
15 052
7 835
19 067
13 783

Estimated living cost  is ₴20177 per week

₴13495
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.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22378
₴24305
₴22732
₴22176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
8 310
health
-
-
-
1 428
income
-
-
-
6 871
total
-
-
-
16 609
Employee
39 495
39 495
50 840
-
social contributions
1 919
3 278
4 219
-
income
4 147
3 656
6 719
-
health
393
672
865
-
total
6 459
7 606
11 803
-
Employer
39 495
39 495
50 840
-
health
428
731
941
-
social contributions
1 919
3 278
4 219
-
total
2 347
4 009
5 160
-
Corporate
30 534
12 496
-
-
income
3 817
1 562
-
-
total
3 817
1 562
-
-
Dividends
26 717
10 933
-
-
withholding
4 542
1 859
-
-
total
4 542
1 859
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 165
15 036
16 963
16 609
After tax
38 835
40 964
39 037
39 391
Living cost
16 659
16 659
16 659
16 659
Free-cash
22 176
24 305
22 378
22 732

Estimated living cost  is ₴16659 per week

₴11388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1301
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23118
₴22184
₴29448
₴22380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
3 920
income
-
-
-
6 846
pensions
-
-
-
5 600
unemployment
-
-
-
840
total
-
-
-
17 206
Employee

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

The minimum wage is 138,000 HUF per month.

13 492
5 370
46 862
-
income
1 649
656
5 729
-
pensions
1 349
537
4 686
-
health
944
376
3 280
-
unemployment
202
81
703
-
total
4 144
1 650
14 398
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 492
5 370
46 862
-
pensions
2 631
1 047
9 138
-
total
2 631
1 047
9 138
-
Corporate
39 877
49 583
-
-
income
3 589
4 463
-
-
total
3 589
4 463
-
-
Dividends
36 288
45 121
-
-
social contributions
7 015
8 737
-
-
withholding
6 895
8 573
-
-
total
13 910
17 310
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 274
24 470
23 536
17 206
After tax
31 726
31 530
32 464
38 794
Living cost
9 346
9 346
9 346
9 346
Free-cash
22 380
22 184
23 118
29 448

Estimated living cost  is ₴9346 per week

₴6378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴765
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19870
₴32394
₴17610
₴29205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
7 280
income
-
-
-
7 504
pensions
-
-
-
11 200
total
-
-
-
25 984
Employee
14 571
-
41 853
-
income
1 640
-
8 070
-
pensions
291
-
837
-
unemployment
233
-
670
-
total
2 164
-
9 577
-
Employer
14 571
-
41 853
-
unemployment
117
-
335
-
health
1 894
-
5 441
-
pensions
2 914
-
8 371
-
total
4 925
-
14 147
-
Corporate
36 504
56 000
-
-
income
7 300
11 200
-
-
total
7 300
11 200
-
-
Dividends
29 204
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
14 389
11 200
23 724
25 984
After tax
41 611
44 800
32 276
30 016
Living cost
12 406
12 406
12 406
12 406
Free-cash
29 205
32 394
19 870
17 610

Estimated living cost  is ₴12406 per week

₴8509
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.
₴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.
₴2909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17803
-₴6845
₴27027
₴2790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
192
health
-
-
-
1 128
accident
-
-
-
131
income
-
-
-
13 989
pensions
-
-
-
2 152
total
-
-
-
17 592
Employee
17 903
-
48 310
-
income
2 456
-
9 648
-
pensions
2 016
-
3 947
-
health
2 050
-
5 531
-
total
6 522
-
19 126
-
Employer
17 903
-
48 310
-
unemployment
439
-
1 184
-
accident
299
-
807
-
pensions
2 911
-
5 699
-
total
3 649
-
7 690
-
Corporate
34 448
56 000
-
-
income

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

31 004
50 400
-
-
total
31 004
50 400
-
-
Dividends
3 445
5 600
-
-
withholding
654
1 064
-
-
total
654
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 829
51 464
26 816
17 592
After tax
14 171
4 536
29 184
38 408
Living cost
11 381
11 381
11 381
11 381
Free-cash
2 790
-6 845
17 803
27 027

Estimated living cost  is ₴11381 per week

₴8341
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴40579
₴48979
₴51219
₴48188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
56 000
microenterprise

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

-
-
-
560
total
-
-
-
560
Employee
5 276
-
56 000
-
income
1 055
-
11 200
-
total
1 055
-
11 200
-
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%.

50 724
56 000
-
-
total
-
-
-
-
Dividends
50 724
56 000
-
-
withholding
2 536
2 800
-
-
total
2 536
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 591
2 800
11 200
560
After tax
52 409
53 200
44 800
55 440
Living cost
4 221
4 221
4 221
4 221
Free-cash
48 188
48 979
40 579
51 219

Estimated living cost  is ₴4221 per week

₴2616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18880
₴27457
₴16564
₴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
-
-
-
56 000
other
-
-
-
2 660
health
-
-
-
2 464
income
-
-
-
7 186
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.

-
-
-
13 440
total
-
-
-
25 750
Employee
18 649
-
44 728
-
income
3 211
-
7 957
-
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.

1 305
-
3 132
-
health
261
-
626
-
unemployment
186
-
447
-
total
4 963
-
12 162
-
Employer
18 649
-
44 728
-
other
933
-
2 237
-
unemployment
186
-
447
-
health
261
-
626
-
accident
149
-
358
-
pensions

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

3 171
-
7 604
-
total
4 700
-
11 272
-
Corporate
32 651
56 000
-
-
income
6 857
11 760
-
-
total
6 857
11 760
-
-
Dividends
25 794
44 240
-
-
withholding
1 805
3 097
-
-
total
1 805
3 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 325
14 857
23 434
25 750
After tax
37 675
41 143
32 566
30 250
Living cost
13 686
13 686
13 686
13 686
Free-cash
23 989
27 457
18 880
16 564

Estimated living cost  is ₴13686 per week

₴9670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
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.
₴2871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴494
₴6190
₴5561
₴833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 409
pensions
-
-
-
3 912
total
-
-
-
16 321
Employee
48 272
-
49 232
-
income
8 702
-
9 032
-
health
795
-
816
-
pensions
4 657
-
4 772
-
total
14 154
-
14 620
-
Employer
48 272
-
49 232
-
health
917
-
936
-
pensions
5 700
-
5 832
-
total
6 617
-
6 768
-
Corporate
1 111
56 000
-
-
income

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

211
10 640
-
-
total
211
10 640
-
-
Dividends
900
45 360
-
-
withholding
67
5 052
-
-
total
67
5 052
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 049
15 692
21 388
16 321
After tax
34 951
40 308
34 612
39 679
Living cost
34 118
34 118
34 118
34 118
Free-cash
833
6 190
494
5 561

Estimated living cost  is ₴34118 per week

₴25566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4009
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.
₴4267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴38041
₴41222
₴36206
₴38861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
2 040
income
-
-
-
8 400
pensions

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

-
-
-
2 625
unemployment
-
-
-
71
total
-
-
-
13 136
Employee
8 816
-
52 520
-
income
882
-
5 252
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

774
-
1 558
-
health
406
-
816
-
total
2 159
-
7 821
-
Employer
8 816
-
52 520
-
unemployment
53
-
106
-
health
609
-
1 224
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

972
-
1 955
-
total
1 731
-
3 480
-
Corporate
45 454
56 000
-
-
income
4 546
5 600
-
-
total
4 546
5 600
-
-
Dividends
40 908
50 400
-
-
withholding
2 045
2 520
-
-
total
2 045
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 481
8 120
11 301
13 136
After tax
45 519
47 880
44 699
42 864
Living cost
6 658
6 658
6 658
6 658
Free-cash
38 861
41 222
38 041
36 206

Estimated living cost  is ₴6658 per week

₴3887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
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.
₴2119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35
-₴1269
₴3363
₴22
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
6 334
income
-
-
-
11 804
pensions
-
-
-
6 018
total
-
-
-
24 156
Employee
47 619
43 861
47 656
-
income

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

7 179
7 179
7 179
-
pensions
6 018
6 018
6 018
-
health
5 941
5 726
5 943
-
total
19 138
18 923
19 140
-
Employer
47 619
43 861
47 656
-
unemployment
1 714
1 579
1 715
-
health
3 309
3 049
3 312
-
pensions
3 314
3 053
3 317
-
total
8 337
7 681
8 344
-
Corporate
43
4 458
-
-
income
9
892
-
-
total
9
892
-
-
Dividends
34
3 566
-
-
income
8
757
-
-
withholding
5
535
-
-
total
13
1 292
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 497
28 788
27 484
24 156
After tax
28 503
27 212
28 516
31 844
Living cost
28 481
28 481
28 481
28 481
Free-cash
22
-1 269
35
3 363

Estimated living cost  is ₴28481 per week

₴21010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15734
₴25872
₴14591
₴21348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
16 352
health
-
-
-
7 560
income
-
-
-
4 813
solidarity contribution
-
-
-
-
total
-
-
-
28 725
Employee
18 653
-
41 791
-
social contributions
1 212
-
2 716
-
solidarity contribution
-
-
-
-
income
2 238
-
5 015
-
health
2 518
-
5 642
-
total
5 968
-
13 373
-
Employer
18 653
-
41 791
-
health
1 679
-
3 761
-
social contributions
4 663
-
10 448
-
total
6 342
-
14 209
-
Corporate
31 005
56 000
-
-
income
5 891
10 640
-
-
total
5 891
10 640
-
-
Dividends
25 114
45 360
-
-
withholding
3 767
6 804
-
-
total
3 767
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 968
17 444
27 582
28 725
After tax
34 032
38 556
28 418
27 275
Living cost
12 684
12 684
12 684
12 684
Free-cash
21 348
25 872
15 734
14 591

Estimated living cost  is ₴12684 per week

₴8810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
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.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4080
₴8205
₴6746
₴5522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
14 403
national
-
-
-
12 220
regional
-
-
-
626
municipal
-
-
-
332
total
-
-
-
27 581
Employee
45 648
-
56 000
-
social contributions
15 392
-
18 883
-
municipal
242
-
297
-
national
7 910
-
10 518
-
regional
431
-
549
-
total
23 975
-
30 247
-
Employer
45 648
-
56 000
-
total
-
-
-
-
Corporate
10 352
56 000
-
-
nationa
2 485
13 440
-
-
municipal
404
2 184
-
-
total
2 889
15 624
-
-
Dividends
7 464
40 376
-
-
withholding
1 941
10 498
-
-
total
1 941
10 498
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 805
26 122
30 247
27 581
After tax
27 195
29 878
25 753
28 419
Living cost
21 673
21 673
21 673
21 673
Free-cash
5 522
8 205
4 080
6 746

Estimated living cost  is ₴21673 per week

₴15108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15910
₴23890
₴16846
₴22291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
-
health
-
-
-
3 976
income
-
-
-
11 106
pensions
-
-
-
11 200
surtax
-
-
-
1 421
unemployment
-
-
-
117
total
-
-
-
27 820
Employee
16 985
-
46 261
-
surtax
56
-
1 279
-
income
2 847
-
10 254
-
other
-
-
-
-
pensions
1 133
-
3 086
-
health
434
-
1 179
-
unemployment
1 182
-
3 219
-
total
5 652
-
19 017
-
Employer
16 985
-
46 261
-
other
-
-
-
-
unemployment
538
-
1 467
-
health
773
-
2 105
-
pensions
2 264
-
6 167
-
total
3 575
-
9 739
-
Corporate
35 440
56 000
-
-
income
9 214
14 560
-
-
total
9 214
14 560
-
-
Dividends
26 226
41 440
-
-
withholding
3 934
6 216
-
-
total
3 934
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 375
20 776
28 756
27 820
After tax
33 625
35 224
27 244
28 180
Living cost
11 334
11 334
11 334
11 334
Free-cash
22 291
23 890
15 910
16 846

Estimated living cost  is ₴11334 per week

₴6930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1046
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11303
₴16999
₴16370
₴14634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 409
pensions
-
-
-
3 912
total
-
-
-
16 321
Employee
32 351
-
49 232
-
income
5 827
-
9 032
-
health
470
-
816
-
pensions
2 746
-
4 772
-
total
9 043
-
14 620
-
Employer
32 351
-
49 232
-
health
615
-
936
-
pensions
3 502
-
5 832
-
total
4 117
-
6 768
-
Corporate
19 533
56 000
-
-
income

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

3 711
10 640
-
-
total
3 711
10 640
-
-
Dividends
15 822
45 360
-
-
withholding
1 186
5 052
-
-
total
1 186
5 052
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 057
15 692
21 388
16 321
After tax
37 943
40 308
34 612
39 679
Living cost
23 309
23 309
23 309
23 309
Free-cash
14 634
16 999
11 303
16 370

Estimated living cost  is ₴23309 per week

₴17463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2283
-₴15992
₴5067
₴1808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other

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

-
-
-
1 120
health
-
-
-
136
pensions
-
-
-
5 152
city
-
-
-
590
national
-
-
-
374
regional
-
-
-
1 962
total
-
-
-
9 334
Employee
48 682
-
50 124
-
national
230
-
260
-
city
522
-
538
-
pensions
4 090
-
4 210
-
health
110
-
113
-
regional
1 594
-
1 672
-
unemployment
-
-
-
-
total
6 546
-
6 793
-
Employer
48 682
-
50 124
-
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.

973
-
1 002
-
unemployment
-
-
-
-
health
110
-
113
-
pensions
4 090
-
4 210
-
total
5 173
-
5 325
-
Corporate
1 610
56 000
-
-
regional
341
11 845
-
-
national
137
4 760
-
-
total
478
16 605
-
-
Dividends
1 132
39 396
-
-
withholding
396
13 788
-
-
total
396
13 788
-
-
Income
56 000
56 000
56 000
56 000
Total tax
12 593
30 393
12 118
9 334
After tax
43 407
25 607
43 882
46 666
Living cost
41 599
41 599
41 599
41 599
Free-cash
1 808
-15 992
2 283
5 067

Estimated living cost  is ₴41599 per week

₴27051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴511
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15715
₴4195
₴10206
₴12525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
health

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

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

-
-
-
3 509
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.

-
-
-
12 556
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.

-
-
-
691
trade
-
-
-
5 509
total
-
-
-
22 265
Employee

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

30 868
-
56 000
-
surtax

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

200
-
691
-
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.

3 630
-
12 556
-
health

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

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

3 509
-
3 509
-
total
7 339
-
16 756
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 132
56 000
-
-
chamber of commerce
113
157
-
-
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.

208
462
-
-
trade
4 310
9 604
-
-
income
3 770
8 400
-
-
total
8 401
18 623
-
-
Dividends
16 731
37 377
-
-
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.

219
503
-
-
withholding
3 987
9 150
-
-
total
4 206
9 653
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 946
28 276
16 756
22 265
After tax
36 054
27 724
39 244
33 735
Living cost
23 529
23 529
23 529
23 529
Free-cash
12 525
4 195
15 715
10 206

Estimated living cost  is ₴23529 per week

₴17185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17008
₴10651
₴14543
₴13687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 596
health
-
-
-
1 291
income
-
-
-
5 989
pensions
-
-
-
13 272
surtax
-
-
-
-
total
-
-
-
23 884
Employee
21 982
-
45 212
-
surtax
-
-
-
-
social contributions
627
-
1 289
-
income
1 297
-
7 023
-
pensions
2 485
-
2 320
-
total
4 409
-
10 632
-
Employer
21 982
-
45 212
-
other
758
-
1 560
-
unemployment
890
-
1 831
-
health
1 539
-
3 208
-
pensions
3 611
-
4 053
-
social contributions
66
-
135
-
total
6 864
-
10 787
-
Corporate
27 153
56 000
-
-
surtax
-
-
-
-
income
7 603
15 680
-
-
total
7 603
15 680
-
-
Dividends
19 550
40 320
-
-
social contributions
3 362
6 935
-
-
surtax
-
-
-
-
withholding
2 502
5 161
-
-
total
5 864
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 740
27 776
21 419
23 884
After tax
31 260
28 224
34 581
32 116
Living cost
17 573
17 573
17 573
17 573
Free-cash
13 687
10 651
17 008
14 543

Estimated living cost  is ₴17573 per week

₴11080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18749
₴12392
₴16284
₴15247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 596
health
-
-
-
1 291
income
-
-
-
5 989
pensions
-
-
-
13 272
surtax
-
-
-
-
total
-
-
-
23 884
Employee
19 622
-
45 212
-
surtax
-
-
-
-
social contributions
559
-
1 289
-
income
1 012
-
7 023
-
pensions
2 219
-
2 320
-
total
3 790
-
10 632
-
Employer
19 622
-
45 212
-
other
677
-
1 560
-
unemployment
794
-
1 831
-
health
1 373
-
3 208
-
pensions
3 224
-
4 053
-
social contributions
58
-
135
-
total
6 126
-
10 787
-
Corporate
30 250
56 000
-
-
surtax
-
-
-
-
income
8 470
15 680
-
-
total
8 470
15 680
-
-
Dividends
21 780
40 320
-
-
social contributions
3 747
6 935
-
-
surtax
-
-
-
-
withholding
2 788
5 161
-
-
total
6 535
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 921
27 776
21 419
23 884
After tax
31 079
28 224
34 581
32 116
Living cost
15 832
15 832
15 832
15 832
Free-cash
15 247
12 392
18 749
16 284

Estimated living cost  is ₴15832 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24930
₴23274
₴25072
₴23540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
7 728
health
-
-
-
3 909
income
-
-
-
8 400
total
-
-
-
20 037
Employee
17 415
-
56 000
-
social contributions
2 404
-
7 728
-
income
2 905
-
8 542
-
health
1 215
-
3 909
-
total
6 524
-
20 179
-
Employer
17 415
-
56 000
-
total
-
-
-
-
Corporate
38 585
56 000
-
-
income

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

1 929
2 800
-
-
total
1 929
2 800
-
-
Dividends
36 656
53 200
-
-
social contributions
5 059
7 341
-
-
withholding
5 498
7 980
-
-
health
2 559
3 714
-
-
total
13 116
19 035
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 569
21 835
20 179
20 037
After tax
34 431
34 165
35 821
35 963
Living cost
10 891
10 891
10 891
10 891
Free-cash
23 540
23 274
24 930
25 072

Estimated living cost  is ₴10891 per week

₴7289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1703
₴13216
₴9877
₴12423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
4 284
income
-
-
-
9 906
chamber of commerce
-
-
-
224
pensions
-
-
-
10 360
surtax
-
-
-
101
unemployment
-
-
-
3 150
total
-
-
-
28 025
Employee
25 669
20 469
43 406
-
income
2 922
1 510
8 789
-
other
256
205
434
-
pensions
2 629
2 096
4 445
-
health
993
792
1 679
-
unemployment
770
614
1 302
-
total
7 570
5 217
16 649
-
Employer
25 669
20 469
43 406
-
other
1 219
972
2 062
-
unemployment
770
614
1 302
-
health
970
774
1 640
-
surtax
101
101
101
-
accident
333
266
564
-
pensions
3 221
2 569
5 448
-
payroll
770
614
1 302
-
chamber of commerce
102
82
173
-
total
7 486
5 992
12 592
-
Corporate
22 844
29 539
41 457
-
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.

5 711
7 384
10 364
-
total
5 711
7 384
10 364
-
Dividends
17 133
22 155
-
-
withholding
4 712
6 093
-
-
total
4 712
6 093
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 479
24 686
39 605
28 025
After tax
30 521
31 314
16 395
27 975
Living cost
18 098
18 098
18 098
18 098
Free-cash
12 423
13 216
-1 703
9 877

Estimated living cost  is ₴18098 per week

₴12071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2826
₴12663
₴7008
₴4960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
8 987
communal

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

-
-
-
2 821
national
-
-
-
18 457
total
-
-
-
30 265
Employee

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

36 740
-
43 374
-
national
11 295
-
13 890
-
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.

2 755
-
3 253
-
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.

1 726
-
2 039
-
communal

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

1 916
-
2 262
-
unemployment

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

320
-
377
-
total
18 012
-
21 821
-
Employer

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

36 740
-
43 374
-
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.

536
-
634
-
health

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

2 259
-
2 668
-
surtax
4 166
-
4 918
-
accident

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

478
-
563
-
pensions

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

3 255
-
3 843
-
total
10 694
-
12 626
-
Corporate
8 566
56 000
-
-
surtax
34
224
-
-
income
1 714
11 200
-
-
total
1 748
11 424
-
-
Dividends
6 818
44 576
-
-
withholding

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

1 859
13 186
-
-
total
1 859
13 186
-
-
Income
56 000
56 000
56 000
56 000
Total tax
32 313
24 610
34 447
30 265
After tax
23 687
31 390
21 553
25 735
Living cost
18 727
18 727
18 727
18 727
Free-cash
4 960
12 663
2 826
7 008

Estimated living cost  is ₴18727 per week

₴12063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10695
₴19172
₴11923
₴15081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
11 246
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
25 528
Employee
25 567
-
42 463
-
income
5 394
-
10 523
-
other
25
-
43
-
pensions
1 202
-
1 996
-
unemployment
397
-
658
-
total
7 018
-
13 220
-
Employer
25 567
-
42 463
-
other
204
-
339
-
unemployment
1 406
-
2 335
-
accident
506
-
841
-
pensions
6 033
-
10 021
-
total
8 149
-
13 536
-
Corporate
22 284
56 000
-
-
income

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

3 342
8 400
-
-
total
3 342
8 400
-
-
Dividends
18 941
47 600
-
-
withholding
3 861
9 879
-
-
total
3 861
9 879
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 370
18 279
26 756
25 528
After tax
33 630
37 721
29 244
30 472
Living cost
18 549
18 549
18 549
18 549
Free-cash
15 081
19 172
10 695
11 923

Estimated living cost  is ₴18549 per week

₴13659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5860
₴6199
₴3495
₴2474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
3 935
accident
-
-
-
472
income
-
-
-
5 477
pensions
-
-
-
8 394
communal
-
-
-
3 539
surtax
-
-
-
2 776
total
-
-
-
24 593
Employee
38 896
-
50 022
-
surtax
2 384
-
3 065
-
income
3 757
-
6 959
-
pensions
3 111
-
4 002
-
health
1 731
-
2 225
-
total
10 983
-
16 251
-
Employer
38 896
-
50 022
-
health
1 186
-
1 525
-
accident
350
-
450
-
pensions
3 111
-
4 002
-
total
4 647
-
5 977
-
Corporate
12 456
56 000
-
-
surtax
131
588
-
-
income
1 868
8 400
-
-
communal
-
3 780
-
-
total
1 999
12 768
-
-
Dividends
10 457
43 232
-
-
income
6 417
2 636
-
-
withholding
1 568
6 485
-
-
total
7 985
9 121
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 614
21 889
22 228
24 593
After tax
30 386
34 111
33 772
31 407
Living cost
27 912
27 912
27 912
27 912
Free-cash
2 474
6 199
5 860
3 495

Estimated living cost  is ₴27912 per week

₴20938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15707
₴23687
₴16643
₴22052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
-
health
-
-
-
3 976
income
-
-
-
11 106
pensions
-
-
-
11 200
surtax
-
-
-
1 421
unemployment
-
-
-
117
total
-
-
-
27 820
Employee
17 297
-
46 261
-
surtax
61
-
1 279
-
income
2 900
-
10 254
-
other
-
-
-
-
pensions
1 154
-
3 086
-
health
442
-
1 179
-
unemployment
1 204
-
3 219
-
total
5 761
-
19 017
-
Employer
17 297
-
46 261
-
other
-
-
-
-
unemployment
549
-
1 467
-
health
787
-
2 105
-
pensions
2 306
-
6 167
-
total
3 642
-
9 739
-
Corporate
35 061
56 000
-
-
income
9 116
14 560
-
-
total
9 116
14 560
-
-
Dividends
25 945
41 440
-
-
withholding
3 892
6 216
-
-
total
3 892
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 411
20 776
28 756
27 820
After tax
33 589
35 224
27 244
28 180
Living cost
11 537
11 537
11 537
11 537
Free-cash
22 052
23 687
15 707
16 643

Estimated living cost  is ₴11537 per week

₴6965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1003
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11712
₴15598
₴14365
₴14457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
14 403
national
-
-
-
12 220
regional
-
-
-
844
municipal
-
-
-
332
total
-
-
-
27 799
Employee
28 491
-
56 000
-
social contributions
9 608
-
18 883
-
municipal
151
-
297
-
national
4 514
-
10 518
-
regional
384
-
754
-
total
14 657
-
30 452
-
Employer
28 491
-
56 000
-
total
-
-
-
-
Corporate
27 509
56 000
-
-
nationa
6 602
13 440
-
-
municipal
1 368
2 783
-
-
total
7 970
16 223
-
-
Dividends
19 539
39 777
-
-
withholding
5 080
10 343
-
-
total
5 080
10 343
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 707
26 566
30 452
27 799
After tax
28 293
29 434
25 548
28 201
Living cost
13 836
13 836
13 836
13 836
Free-cash
14 457
15 598
11 712
14 365

Estimated living cost  is ₴13836 per week

₴8605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
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.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴12788
₴22926
₴11645
₴17350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
16 352
health
-
-
-
7 560
income
-
-
-
4 813
solidarity contribution
-
-
-
-
total
-
-
-
28 725
Employee
22 985
-
41 791
-
social contributions
1 494
-
2 716
-
solidarity contribution
-
-
-
-
income
2 758
-
5 015
-
health
3 103
-
5 642
-
total
7 355
-
13 373
-
Employer
22 985
-
41 791
-
health
2 069
-
3 761
-
social contributions
5 746
-
10 448
-
total
7 815
-
14 209
-
Corporate
25 200
56 000
-
-
income
4 788
10 640
-
-
total
4 788
10 640
-
-
Dividends
20 412
45 360
-
-
withholding
3 062
6 804
-
-
total
3 062
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
23 020
17 444
27 582
28 725
After tax
32 980
38 556
28 418
27 275
Living cost
15 630
15 630
15 630
15 630
Free-cash
17 350
22 926
12 788
11 645

Estimated living cost  is ₴15630 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28
₴14983
₴11690
₴14729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
4 284
income
-
-
-
9 906
chamber of commerce
-
-
-
224
pensions
-
-
-
10 360
surtax
-
-
-
-
unemployment
-
-
-
3 150
total
-
-
-
27 924
Employee
22 452
20 469
43 487
-
income
2 000
1 510
8 816
-
other
224
205
435
-
pensions
2 299
2 096
4 453
-
health
868
792
1 683
-
unemployment
674
614
1 304
-
total
6 065
5 217
16 691
-
Employer
22 452
20 469
43 487
-
other
1 066
972
2 065
-
unemployment
674
614
1 304
-
health
849
774
1 643
-
surtax
-
-
-
-
accident
291
266
565
-
pensions
2 818
2 569
5 457
-
payroll
674
614
1 304
-
chamber of commerce
90
82
173
-
total
6 462
5 891
12 511
-
Corporate
27 087
29 640
41 537
-
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.

6 771
7 410
10 384
-
total
6 771
7 410
10 384
-
Dividends
20 315
22 231
-
-
withholding
5 587
6 113
-
-
total
5 587
6 113
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 885
24 631
39 586
27 924
After tax
31 115
31 369
16 414
28 076
Living cost
16 386
16 386
16 386
16 386
Free-cash
14 729
14 983
28
11 690

Estimated living cost  is ₴16386 per week

₴9830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38223
₴46623
₴48863
₴45390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
56 000
microenterprise

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

-
-
-
560
total
-
-
-
560
Employee
8 222
-
56 000
-
income
1 644
-
11 200
-
total
1 644
-
11 200
-
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%.

47 778
56 000
-
-
total
-
-
-
-
Dividends
47 778
56 000
-
-
withholding
2 389
2 800
-
-
total
2 389
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
4 033
2 800
11 200
560
After tax
51 967
53 200
44 800
55 440
Living cost
6 577
6 577
6 577
6 577
Free-cash
45 390
46 623
38 223
48 863

Estimated living cost  is ₴6577 per week

₴4451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13387
₴24779
₴14993
₴20482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
health
-
-
-
5 510
income
-
-
-
11 409
pensions
-
-
-
10 227
unemployment
-
-
-
84
total
-
-
-
27 230
Employee

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

22 713
-
48 455
-
income
3 917
-
10 582
-
pensions
3 521
-
7 510
-
health
1 467
-
3 131
-
unemployment
32
-
68
-
total
8 937
-
21 291
-
Employer

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

22 713
-
48 455
-
unemployment
14
-
29
-
health
1 513
-
3 227
-
pensions
2 010
-
4 289
-
total
3 537
-
7 545
-
Corporate
29 751
56 000
-
-
income
5 652
10 640
-
-
total
5 652
10 640
-
-
Dividends
24 099
45 360
-
-
withholding
3 615
6 804
-
-
total
3 615
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 741
17 444
28 836
27 230
After tax
34 259
38 556
27 164
28 770
Living cost
13 777
13 777
13 777
13 777
Free-cash
20 482
24 779
13 387
14 993

Estimated living cost  is ₴13777 per week

₴9455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25288
₴10534
₴15164
-₴25331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
6 384
income
-
-
-
10 916
total
-
-
-
17 300
Employee
33 748
-
-
-
social contributions
2 767
-
394
-
income
7 444
-
-
-
total
10 211
-
394
-
Employer
33 748
-
-
-
social contributions
47 584
-
6 782
-
total
47 584
-
6 782
-
Corporate
-
56 000
-
-
income
-
12 320
-
-
total
-
12 320
-
-
Dividends
-
43 680
-
-
income
-
9 610
-
-
total
-
9 610
-
-
Income
56 000
56 000
56 000
56 000
Total tax
57 795
21 930
7 176
17 300
After tax
-1 795
34 070
48 824
38 700
Living cost
23 536
23 536
23 536
23 536
Free-cash
-25 331
10 534
25 288
15 164

Estimated living cost  is ₴23536 per week

₴15271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2214
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11846
₴15742
₴14985
₴15224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
social contributions

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

-
-
-
19 460
income
-
-
-
5 444
surtax
-
-
-
-
total
-
-
-
24 904
Employee
23 623
-
45 252
-
surtax
-
-
-
-
social contributions
2 599
-
4 978
-
income
4 914
-
12 318
-
total
7 513
-
17 296
-
Employer
23 623
-
45 252
-
social contributions
5 610
-
10 747
-
total
5 610
-
10 747
-
Corporate
26 767
56 000
-
-
surtax
-
-
-
-
income
5 621
11 760
-
-
total
5 621
11 760
-
-
Dividends
21 146
44 240
-
-
withholding
5 921
12 387
-
-
total
5 921
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 665
24 147
28 043
24 904
After tax
31 335
31 853
27 957
31 096
Living cost
16 111
16 111
16 111
16 111
Free-cash
15 224
15 742
11 846
14 985

Estimated living cost  is ₴16111 per week

₴12054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9774
₴3417
₴7309
₴6946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 596
health
-
-
-
1 291
income
-
-
-
5 989
pensions
-
-
-
13 272
surtax
-
-
-
-
total
-
-
-
23 884
Employee
32 169
-
45 212
-
surtax
-
-
-
-
social contributions
916
-
1 289
-
income
2 807
-
7 023
-
pensions
3 639
-
2 320
-
total
7 362
-
10 632
-
Employer
32 169
-
45 212
-
other
1 110
-
1 560
-
unemployment
1 303
-
1 831
-
health
2 252
-
3 208
-
pensions
5 286
-
4 053
-
social contributions
96
-
135
-
total
10 047
-
10 787
-
Corporate
13 784
56 000
-
-
surtax
-
-
-
-
income
3 860
15 680
-
-
total
3 860
15 680
-
-
Dividends
9 924
40 320
-
-
social contributions
1 708
6 935
-
-
surtax
-
-
-
-
withholding
1 270
5 161
-
-
total
2 978
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 247
27 776
21 419
23 884
After tax
31 753
28 224
34 581
32 116
Living cost
24 807
24 807
24 807
24 807
Free-cash
6 946
3 417
9 774
7 309

Estimated living cost  is ₴24807 per week

₴16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28481
₴34961
₴26993
₴33235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
1 249
social contributions
-
-
-
12 319
total
-
-
-
13 568
Employee
16 512
-
48 485
-
income
-
-
1 414
-
social contributions
1 073
-
3 151
-
total
1 073
-
4 565
-
Employer
16 512
-
48 485
-
social contributions
2 560
-
7 515
-
total
2 560
-
7 515
-
Corporate
36 928
56 000
-
-
income
3 693
5 600
-
-
total
3 693
5 600
-
-
Dividends
33 235
50 400
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
7 326
5 600
12 080
13 568
After tax
48 674
50 400
43 920
42 432
Living cost
15 439
15 439
15 439
15 439
Free-cash
33 235
34 961
28 481
26 993

Estimated living cost  is ₴15439 per week

₴9983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴55722
-₴55722
₴9760
-₴55722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
labour market
-
-
-
4 444
pensions
-
-
-
444
national
-
-
-
6 011
municipal
-
-
-
10 646
total
-
-
-
21 545
Employee
104 232
104 232
104 232
-
labour market
8 327
8 327
8 327
-
municipal
22 196
22 196
22 196
-
national
12 734
12 734
12 734
-
pensions
148
148
148
-
total
43 405
43 405
43 405
-
Employer
104 232
104 232
104 232
-
national
12 756
12 756
12 756
-
labour market
8 339
8 339
8 339
-
pensions
296
296
296
-
municipal
22 231
22 231
22 231
-
total
43 622
43 622
43 622
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
87 027
87 027
87 027
21 545
After tax
-31 027
-31 027
-31 027
34 455
Living cost
24 695
24 695
24 695
24 695
Free-cash
-55 722
-55 722
-55 722
9 760

Estimated living cost  is ₴24695 per week

₴16902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17971
-₴6677
₴27195
₴2816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
192
health
-
-
-
1 128
accident
-
-
-
131
income
-
-
-
13 989
pensions
-
-
-
2 152
total
-
-
-
17 592
Employee
17 639
-
48 310
-
income
2 420
-
9 648
-
pensions
1 986
-
3 947
-
health
2 020
-
5 531
-
total
6 426
-
19 126
-
Employer
17 639
-
48 310
-
unemployment
432
-
1 184
-
accident
295
-
807
-
pensions
2 868
-
5 699
-
total
3 595
-
7 690
-
Corporate
34 766
56 000
-
-
income

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

31 289
50 400
-
-
total
31 289
50 400
-
-
Dividends
3 477
5 600
-
-
withholding
661
1 064
-
-
total
661
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 971
51 464
26 816
17 592
After tax
14 029
4 536
29 184
38 408
Living cost
11 213
11 213
11 213
11 213
Free-cash
2 816
-6 677
17 971
27 195

Estimated living cost  is ₴11213 per week

₴8162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11849
₴17162
₴19528
₴16525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
56 000
health
-
-
-
648
national
-
-
-
6 142
municipal
-
-
-
9 963
total
-
-
-
16 753
Employee
27 023
-
47 111
-
municipal
4 426
-
7 688
-
national
446
-
3 456
-
pensions
1 824
-
3 180
-
health
202
-
511
-
unemployment
405
-
707
-
total
7 303
-
15 542
-
Employer
27 023
-
47 111
-
unemployment
175
-
306
-
health
208
-
363
-
accident
27
-
47
-
pensions
4 688
-
8 174
-
total
5 098
-
8 890
-
Corporate
23 879
56 000
-
-
income
4 776
11 200
-
-
total
4 776
11 200
-
-
Dividends

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

14 327
33 600
-
-
national
-
1 871
-
-
municipal
2 579
6 048
-
-
total
2 579
7 919
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 756
19 119
24 432
16 753
After tax
36 244
36 881
31 568
39 247
Living cost
19 719
19 719
19 719
19 719
Free-cash
16 525
17 162
11 849
19 528

Estimated living cost  is ₴19719 per week

₴12881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27145
₴29072
₴27499
₴26279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
8 310
health
-
-
-
1 428
income
-
-
-
6 871
total
-
-
-
16 609
Employee
39 495
39 495
50 840
-
social contributions
1 493
3 278
4 219
-
income
4 300
3 656
6 719
-
health
306
672
865
-
total
6 099
7 606
11 803
-
Employer
39 495
39 495
50 840
-
health
332
731
941
-
social contributions
1 493
3 278
4 219
-
total
1 825
4 009
5 160
-
Corporate
36 183
12 496
-
-
income
4 523
1 562
-
-
total
4 523
1 562
-
-
Dividends
31 660
10 933
-
-
withholding
5 382
1 859
-
-
total
5 382
1 859
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 829
15 036
16 963
16 609
After tax
38 171
40 964
39 037
39 391
Living cost
11 892
11 892
11 892
11 892
Free-cash
26 279
29 072
27 145
27 499

Estimated living cost  is ₴11892 per week

₴7127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
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.
₴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 Larnaca model

Close
Podgorica , Montenegro
₴26989
₴38219
₴37291
₴35606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
56 000
health
-
-
-
1 859
income
-
-
-
5 413
pensions
-
-
-
3 267
unemployment
-
-
-
15
total
-
-
-
10 554
Employee

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

11 789
-
50 980
-
income
806
-
4 140
-
pensions
1 768
-
7 310
-
health
1 002
-
4 142
-
unemployment
58
-
244
-
total
3 634
-
15 836
-
Employer

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

11 789
-
50 980
-
unemployment
58
-
244
-
health
507
-
2 096
-
pensions
648
-
2 680
-
total
1 213
-
5 020
-
Corporate
42 997
56 000
-
-
income
3 870
5 040
-
-
total
3 870
5 040
-
-
Dividends
39 128
50 960
-
-
withholding
3 522
4 586
-
-
total
3 522
4 586
-
-
Income
56 000
56 000
56 000
56 000
Total tax
12 239
9 626
20 856
10 554
After tax
43 761
46 374
35 144
45 446
Living cost
8 155
8 155
8 155
8 155
Free-cash
35 606
38 219
26 989
37 291

Estimated living cost  is ₴8155 per week

₴5203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15120
₴23597
₴16348
₴20902
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
11 246
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
25 528
Employee
18 992
-
42 463
-
income
3 661
-
10 523
-
other
19
-
43
-
pensions
893
-
1 996
-
unemployment
294
-
658
-
total
4 867
-
13 220
-
Employer
18 992
-
42 463
-
other
152
-
339
-
unemployment
1 045
-
2 335
-
accident
376
-
841
-
pensions
4 482
-
10 021
-
total
6 055
-
13 536
-
Corporate
30 953
56 000
-
-
income

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

4 643
8 400
-
-
total
4 643
8 400
-
-
Dividends
26 310
47 600
-
-
withholding
5 409
9 879
-
-
total
5 409
9 879
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 974
18 279
26 756
25 528
After tax
35 026
37 721
29 244
30 472
Living cost
14 124
14 124
14 124
14 124
Free-cash
20 902
23 597
15 120
16 348

Estimated living cost  is ₴14124 per week

₴9534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34820
₴33991
₴34887
₴33832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
504
income
-
-
-
18 961
pensions
-
-
-
695
total
-
-
-
20 160
Employee
1 451
-
55 218
-
income
281
-
18 924
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
19 446
-
Employer
1 451
-
55 218
-
unemployment
29
-
69
-
health
138
-
330
-
pensions
160
-
382
-
total
327
-
781
-
Corporate
54 223
56 000
-
-
income
11 929
12 320
-
-
total
11 929
12 320
-
-
Dividends
42 294
43 680
-
-
withholding
8 459
8 736
-
-
total
8 459
8 736
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 215
21 056
20 227
20 160
After tax
34 785
34 944
35 773
35 840
Living cost
953
953
953
953
Free-cash
33 832
33 991
34 820
34 887

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21372
₴31616
₴21370
₴29100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
health
-
-
-
3 893
income
-
-
-
11 500
pensions
-
-
-
9 826
unemployment
-
-
-
567
total
-
-
-
25 786
Employee

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

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

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

13 336
-
49 235
-
income
1 838
-
11 500
-
pensions
1 867
-
5 291
-
health
687
-
1 946
-
unemployment
100
-
283
-
total
4 492
-
19 020
-
Employer

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

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

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

13 336
-
49 235
-
unemployment
100
-
283
-
health
687
-
1 946
-
pensions
1 600
-
4 535
-
total
2 387
-
6 764
-
Corporate
40 277
56 000
-
-
income
6 042
8 400
-
-
total
6 042
8 400
-
-
Dividends
34 236
47 600
-
-
withholding
5 135
7 140
-
-
total
5 135
7 140
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 056
15 540
25 784
25 786
After tax
37 944
40 460
30 216
30 214
Living cost
8 844
8 844
8 844
8 844
Free-cash
29 100
31 616
21 372
21 370

Estimated living cost  is ₴8844 per week

₴5954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14110
₴18006
₴17249
₴17822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
social contributions

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

-
-
-
19 460
income
-
-
-
5 444
surtax
-
-
-
-
total
-
-
-
24 904
Employee
19 935
-
45 252
-
surtax
-
-
-
-
social contributions
2 193
-
4 978
-
income
3 895
-
12 318
-
total
6 088
-
17 296
-
Employer
19 935
-
45 252
-
social contributions
4 734
-
10 747
-
total
4 734
-
10 747
-
Corporate
31 331
56 000
-
-
surtax
-
-
-
-
income
6 579
11 760
-
-
total
6 579
11 760
-
-
Dividends
24 752
44 240
-
-
withholding
6 930
12 387
-
-
total
6 930
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 331
24 147
28 043
24 904
After tax
31 669
31 853
27 957
31 096
Living cost
13 847
13 847
13 847
13 847
Free-cash
17 822
18 006
14 110
17 249

Estimated living cost  is ₴13847 per week

₴9807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴962
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11193
₴19670
₴12421
₴15753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
11 246
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
25 528
Employee
24 806
-
42 463
-
income
5 181
-
10 523
-
other
24
-
43
-
pensions
1 166
-
1 996
-
unemployment
384
-
658
-
total
6 755
-
13 220
-
Employer
24 806
-
42 463
-
other
199
-
339
-
unemployment
1 365
-
2 335
-
accident
491
-
841
-
pensions
5 854
-
10 021
-
total
7 909
-
13 536
-
Corporate
23 286
56 000
-
-
income

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

3 493
8 400
-
-
total
3 493
8 400
-
-
Dividends
19 792
47 600
-
-
withholding
4 039
9 879
-
-
total
4 039
9 879
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 196
18 279
26 756
25 528
After tax
33 804
37 721
29 244
30 472
Living cost
18 051
18 051
18 051
18 051
Free-cash
15 753
19 670
11 193
12 421

Estimated living cost  is ₴18051 per week

₴12963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35963
₴39144
₴34128
₴36049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
2 040
income
-
-
-
8 400
pensions

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

-
-
-
2 625
unemployment
-
-
-
71
total
-
-
-
13 136
Employee
11 568
-
52 520
-
income
1 157
-
5 252
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 016
-
1 558
-
health
532
-
816
-
total
2 832
-
7 821
-
Employer
11 568
-
52 520
-
unemployment
69
-
106
-
health
798
-
1 224
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 275
-
1 955
-
total
2 269
-
3 480
-
Corporate
42 163
56 000
-
-
income
4 216
5 600
-
-
total
4 216
5 600
-
-
Dividends
37 946
50 400
-
-
withholding
1 898
2 520
-
-
total
1 898
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
11 215
8 120
11 301
13 136
After tax
44 785
47 880
44 699
42 864
Living cost
8 736
8 736
8 736
8 736
Free-cash
36 049
39 144
35 963
34 128

Estimated living cost  is ₴8736 per week

₴5778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2250
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19414
₴9048
₴14805
₴15766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
health

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

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

-
-
-
3 509
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.

-
-
-
12 556
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.

-
-
-
691
trade
-
-
-
4 609
total
-
-
-
21 365
Employee

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

25 556
-
56 000
-
surtax

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

116
-
691
-
income

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

2 101
-
12 556
-
health

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

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

3 509
-
3 509
-
total
5 726
-
16 756
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 444
56 000
-
-
chamber of commerce
123
160
-
-
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.

251
462
-
-
trade
4 369
8 036
-
-
income
4 566
8 400
-
-
total
9 309
17 058
-
-
Dividends
21 135
38 942
-
-
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.

280
524
-
-
withholding
5 089
9 540
-
-
total
5 369
10 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 404
27 122
16 756
21 365
After tax
35 596
28 878
39 244
34 635
Living cost
19 830
19 830
19 830
19 830
Free-cash
15 766
9 048
19 414
14 805

Estimated living cost  is ₴19830 per week

₴13679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7754
₴9942
₴7754
₴11076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
13 910
social contributions
-
-
-
5 078
total
-
-
-
18 988
Employee
40 177
-
56 000
-
income
7 581
-
13 910
-
social contributions
3 338
-
5 078
-
total
10 919
-
18 988
-
Employer
40 177
-
56 000
-
total
-
-
-
-
Corporate
15 823
56 000
-
-
income
1 978
7 000
-
-
total
1 978
7 000
-
-
Dividends
13 845
49 000
-
-
withholding
2 769
9 800
-
-
total
2 769
9 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 666
16 800
18 988
18 988
After tax
40 334
39 200
37 012
37 012
Living cost
29 258
29 258
29 258
29 258
Free-cash
11 076
9 942
7 754
7 754

Estimated living cost  is ₴29258 per week

₴22259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22555
₴15041
₴19566
₴16835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
income
-
-
-
14 620
health

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

-
-
-
3 169
total
-
-
-
17 789
Employee
23 562
-
53 637
-
income
2 557
-
10 074
-
social contributions
2 361
-
2 363
-
total
4 918
-
12 437
-
Employer
23 562
-
53 637
-
social contributions
2 361
-
2 363
-
total
2 361
-
2 363
-
Corporate
30 077
56 000
-
-
income
10 527
19 600
-
-
total
10 527
19 600
-
-
Dividends
19 550
36 400
-
-
social contributions
2 714
2 714
-
-
total
2 714
2 714
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 520
22 314
14 800
17 789
After tax
35 480
33 686
41 200
38 211
Living cost
18 645
18 645
18 645
18 645
Free-cash
16 835
15 041
22 555
19 566

Estimated living cost  is ₴18645 per week

₴12281
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.
₴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.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴15663
₴21359
₴20730
₴20131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 409
pensions
-
-
-
3 912
total
-
-
-
16 321
Employee
26 011
-
49 232
-
income
4 737
-
9 032
-
health
339
-
816
-
pensions
1 985
-
4 772
-
total
7 061
-
14 620
-
Employer
26 011
-
49 232
-
health
494
-
936
-
pensions
2 628
-
5 832
-
total
3 122
-
6 768
-
Corporate
26 867
56 000
-
-
income

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

5 105
10 640
-
-
total
5 105
10 640
-
-
Dividends
21 762
45 360
-
-
withholding
1 632
5 052
-
-
total
1 632
5 052
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 920
15 692
21 388
16 321
After tax
39 080
40 308
34 612
39 679
Living cost
18 949
18 949
18 949
18 949
Free-cash
20 131
21 359
15 663
20 730

Estimated living cost  is ₴18949 per week

₴12999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
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.
₴3969
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16861
-₴7787
₴26085
₴2645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
192
health
-
-
-
1 128
accident
-
-
-
131
income
-
-
-
13 989
pensions
-
-
-
2 152
total
-
-
-
17 592
Employee
19 385
-
48 310
-
income
2 659
-
9 648
-
pensions
2 183
-
3 947
-
health
2 220
-
5 531
-
total
7 062
-
19 126
-
Employer
19 385
-
48 310
-
unemployment
475
-
1 184
-
accident
324
-
807
-
pensions
3 152
-
5 699
-
total
3 951
-
7 690
-
Corporate
32 664
56 000
-
-
income

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

29 398
50 400
-
-
total
29 398
50 400
-
-
Dividends
3 266
5 600
-
-
withholding
621
1 064
-
-
total
621
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 032
51 464
26 816
17 592
After tax
14 968
4 536
29 184
38 408
Living cost
12 323
12 323
12 323
12 323
Free-cash
2 645
-7 787
16 861
26 085

Estimated living cost  is ₴12323 per week

₴9044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴29103
₴40205
₴24966
₴38190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
56 000
income
-
-
-
8 715
health insurance
-
-
-
4 144
work injury
-
-
-
280
pensions
-
-
-
10 304
unemployment
-
-
-
672
total
-
-
-
24 115
Employee

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

11 070
-
56 000
-
income
1 107
-
8 715
-
work injury
55
-
205
-
health insurance
819
-
3 031
-
pensions
2 037
-
7 536
-
unemployment
133
-
491
-
total
4 151
-
19 978
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 930
56 000
-
-
income

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

-
560
-
-
total
-
560
-
-
Dividends
44 930
55 440
-
-
withholding
6 740
8 316
-
-
total
6 740
8 316
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 891
8 876
19 978
24 115
After tax
45 109
47 124
36 022
31 885
Living cost
6 919
6 919
6 919
6 919
Free-cash
38 190
40 205
29 103
24 966

Estimated living cost  is ₴6919 per week

₴4286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴4818
₴9035
₴7380
₴6699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
14 403
national
-
-
-
12 220
regional
-
-
-
1 161
municipal
-
-
-
374
total
-
-
-
28 158
Employee
43 281
-
56 000
-
social contributions
14 594
-
18 883
-
municipal
258
-
334
-
national
7 314
-
10 518
-
regional
653
-
985
-
total
22 819
-
30 720
-
Employer
43 281
-
56 000
-
total
-
-
-
-
Corporate
12 719
56 000
-
-
nationa
3 053
13 440
-
-
municipal
613
2 699
-
-
total
3 666
16 139
-
-
Dividends
9 053
39 861
-
-
withholding
2 354
10 364
-
-
total
2 354
10 364
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 839
26 503
30 720
28 158
After tax
27 161
29 497
25 280
27 842
Living cost
20 462
20 462
20 462
20 462
Free-cash
6 699
9 035
4 818
7 380

Estimated living cost  is ₴20462 per week

₴14373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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