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
₴13423
₴23079
₴17854
₴18854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
13 929
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.

-
-
-
766
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.

-
-
-
3 354
trade
-
-
-
5 225
total
-
-
-
23 274
Employee

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

18 780
-
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.

29
-
766
-
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.

525
-
13 929
-
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.

3 354
-
3 354
-
total
3 908
-
18 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 220
56 000
-
-
income
5 583
8 400
-
-
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.

307
462
-
-
chamber of commerce
128
155
-
-
trade
5 862
8 820
-
-
total
11 880
17 837
-
-
Dividends
25 340
38 163
-
-
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.

338
514
-
-
withholding
6 148
9 354
-
-
total
6 486
9 868
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 274
27 705
18 049
23 274
After tax
33 726
28 295
37 951
32 726
Living cost
14 872
14 872
14 872
14 872
Free-cash
18 854
13 423
23 079
17 854

Estimated living cost  is ₴14872 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
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.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8940
₴8094
₴7654
₴8508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
5 891
national
-
-
-
9 129
pensions
-
-
-
6 720
total
-
-
-
22 342
Employee
40 311
-
48 411
-
municipal
4 979
-
6 108
-
pensions
1 612
-
1 936
-
national
7 716
-
9 465
-
total
14 307
-
17 509
-
Employer
40 311
-
48 411
-
pensions
3 225
-
3 873
-
social contributions
433
-
520
-
total
3 658
-
4 393
-
Corporate
9 370
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%.

1 874
11 200
-
-
total
1 874
11 200
-
-
Dividends
7 496
44 800
-
-
withholding
1 649
9 856
-
-
total
1 649
9 856
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 488
21 056
21 902
22 342
After tax
34 512
34 944
34 098
33 658
Living cost
26 004
26 004
26 004
26 004
Free-cash
8 508
8 940
8 094
7 654

Estimated living cost  is ₴26004 per week

₴17675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34585
₴21271
₴19601
₴30557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 180
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.

-
-
-
18 004
microenterprise
-
-
-
-
total
-
-
-
26 184
Employee
14 348
-
45 129
-
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.

1 578
-
4 965
-
income
2 554
-
8 678
-
total
4 132
-
13 643
-
Employer
14 348
-
45 129
-
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.

3 456
-
10 871
-
surtax
-
-
-
-
total
3 456
-
10 871
-
Corporate
38 196
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%.

7 640
11 200
-
-
total
7 640
11 200
-
-
Dividends

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

30 557
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 228
11 200
24 514
26 184
After tax
40 772
44 800
31 486
29 816
Living cost
10 215
10 215
10 215
10 215
Free-cash
30 557
34 585
21 271
19 601

Estimated living cost  is ₴10215 per week

₴6517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6704
₴8671
₴11399
₴3695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 224
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
24 032
Employee
41 930
41 930
47 655
-
pensions
7 547
5 753
5 753
-
income

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

6 863
6 863
6 863
-
health
6 436
5 474
5 800
-
total
20 846
18 090
18 416
-
Employer
41 930
41 930
47 655
-
health
2 915
2 915
3 312
-
pensions
2 918
2 918
3 317
-
unemployment
1 509
1 509
1 715
-
total
7 342
7 342
8 344
-
Corporate
7 242
6 727
-
-
income
1 448
1 345
-
-
total
1 448
1 345
-
-
Dividends
5 794
5 382
-
-
income
1 231
1 143
-
-
withholding
869
807
-
-
total
2 100
1 950
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 736
28 727
26 760
24 032
After tax
24 264
27 273
29 240
31 968
Living cost
20 569
20 569
20 569
20 569
Free-cash
3 695
6 704
8 671
11 399

Estimated living cost  is ₴20569 per week

₴14577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
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.
₴3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10320
₴9510
₴9775
₴9865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 158
unemployment
-
-
-
44
health
-
-
-
2 770
municipal
-
-
-
12 864
national
-
-
-
245
pensions
-
-
-
4 799
total
-
-
-
25 969
Employee
28 862
-
42 611
-
municipal
8 607
-
12 707
-
national
-
-
139
-
total
8 607
-
12 846
-
Employer
28 862
-
42 611
-
health
1 775
-
2 621
-
pensions
3 120
-
4 606
-
accident
58
-
85
-
unemployment
762
-
1 125
-
other
3 354
-
4 951
-
total
9 069
-
13 388
-
Corporate
18 069
56 000
-
-
income
3 975
12 320
-
-
total
3 975
12 320
-
-
Dividends
14 094
43 680
-
-
withholding
4 228
13 104
-
-
total
4 228
13 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 879
25 424
26 234
25 969
After tax
30 121
30 576
29 766
30 031
Living cost
20 256
20 256
20 256
20 256
Free-cash
9 865
10 320
9 510
9 775

Estimated living cost  is ₴20256 per week

₴13425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8718
₴18662
₴13205
₴15619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
13 929
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.

-
-
-
766
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.

-
-
-
3 354
trade
-
-
-
5 457
total
-
-
-
23 506
Employee

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

24 900
-
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.

117
-
766
-
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.

2 139
-
13 929
-
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.

3 354
-
3 354
-
total
5 610
-
18 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 100
56 000
-
-
income
4 665
8 400
-
-
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.

256
462
-
-
chamber of commerce
118
154
-
-
trade
5 116
9 212
-
-
total
10 155
18 228
-
-
Dividends
20 945
37 772
-
-
surtax

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

278
509
-
-
withholding
5 049
9 256
-
-
total
5 327
9 765
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 092
27 993
18 049
23 506
After tax
34 908
28 007
37 951
32 494
Living cost
19 289
19 289
19 289
19 289
Free-cash
15 619
8 718
18 662
13 205

Estimated living cost  is ₴19289 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
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.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25025
₴22802
₴23414
₴22989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 288
social contributions
-
-
-
7 944
health
-
-
-
1 428
total
-
-
-
16 660
Employee
37 756
37 756
50 840
-
social contributions
1 835
3 134
4 220
-
income
3 965
3 495
7 027
-
health
376
642
865
-
total
6 176
7 271
12 112
-
Employer
37 756
37 756
50 840
-
health
409
699
940
-
social contributions
1 835
3 134
4 220
-
total
2 244
3 833
5 160
-
Corporate
31 655
14 411
-
-
income
3 957
1 801
-
-
total
3 957
1 801
-
-
Dividends
27 698
12 610
-
-
withholding
4 708
2 144
-
-
total
4 708
2 144
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 085
15 049
17 272
16 660
After tax
38 915
40 951
38 728
39 340
Living cost
15 926
15 926
15 926
15 926
Free-cash
22 989
25 025
22 802
23 414

Estimated living cost  is ₴15926 per week

₴10887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1244
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.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22508
₴23449
₴29779
₴22697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 846
unemployment
-
-
-
840
health
-
-
-
3 920
pensions
-
-
-
5 600
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.

13 014
5 179
46 862
-
unemployment
195
78
703
-
pensions
1 301
518
4 686
-
income
1 591
633
5 729
-
health
911
363
3 280
-
total
3 998
1 592
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.

13 014
5 179
46 862
-
pensions
2 538
1 010
9 138
-
total
2 538
1 010
9 138
-
Corporate
40 449
49 811
-
-
income
3 640
4 483
-
-
total
3 640
4 483
-
-
Dividends
36 808
45 328
-
-
social contributions
7 118
8 780
-
-
withholding
6 994
8 612
-
-
total
14 112
17 392
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 288
24 477
23 536
17 206
After tax
31 712
31 523
32 464
38 794
Living cost
9 015
9 015
9 015
9 015
Free-cash
22 697
22 508
23 449
29 779

Estimated living cost  is ₴9015 per week

₴6152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32940
₴20417
₴18156
₴29889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 504
health
-
-
-
7 280
pensions
-
-
-
11 200
total
-
-
-
25 984
Employee
13 929
-
41 854
-
unemployment
223
-
670
-
pensions
279
-
837
-
income
1 568
-
8 069
-
total
2 070
-
9 576
-
Employer
13 929
-
41 854
-
health
1 810
-
5 441
-
pensions
2 786
-
8 371
-
unemployment
112
-
335
-
total
4 708
-
14 147
-
Corporate
37 362
56 000
-
-
income
7 473
11 200
-
-
total
7 473
11 200
-
-
Dividends
29 890
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
14 251
11 200
23 723
25 984
After tax
41 749
44 800
32 277
30 016
Living cost
11 860
11 860
11 860
11 860
Free-cash
29 889
32 940
20 417
18 156

Estimated living cost  is ₴11860 per week

₴8134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6412
₴18358
₴27448
₴2857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
14 138
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
17 604
Employee
17 222
-
48 518
-
pensions
1 939
-
3 797
-
income
2 363
-
9 860
-
health
1 972
-
5 555
-
total
6 274
-
19 212
-
Employer
17 222
-
48 518
-
pensions
2 800
-
5 483
-
accident
288
-
810
-
unemployment
422
-
1 189
-
total
3 510
-
7 482
-
Corporate
35 268
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.

31 741
50 400
-
-
total
31 741
50 400
-
-
Dividends
3 527
5 600
-
-
withholding
670
1 064
-
-
total
670
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 195
51 464
26 694
17 604
After tax
13 805
4 536
29 306
38 396
Living cost
10 948
10 948
10 948
10 948
Free-cash
2 857
-6 412
18 358
27 448

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49180
₴40780
₴51420
₴48426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 025
-
56 000
-
income
1 005
-
11 200
-
total
1 005
-
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%.

50 975
56 000
-
-
total
-
-
-
-
Dividends
50 975
56 000
-
-
withholding
2 549
2 800
-
-
total
2 549
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 554
2 800
11 200
560
After tax
52 446
53 200
44 800
55 440
Living cost
4 020
4 020
4 020
4 020
Free-cash
48 426
49 180
40 780
51 420

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28060
₴19390
₴17072
₴24743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 281
other
-
-
-
2 660
health
-
-
-
2 464
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
-
-
-
25 845
Employee
17 828
-
44 728
-
unemployment
178
-
447
-
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.

1 248
-
3 131
-
income
3 069
-
8 053
-
health
250
-
626
-
total
4 745
-
12 257
-
Employer
17 828
-
44 728
-
health
250
-
626
-
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.

3 031
-
7 603
-
accident
143
-
358
-
unemployment
178
-
447
-
other
892
-
2 236
-
total
4 494
-
11 270
-
Corporate
33 679
56 000
-
-
income
7 072
11 760
-
-
total
7 072
11 760
-
-
Dividends
26 607
44 240
-
-
withholding
1 863
3 097
-
-
total
1 863
3 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 174
14 857
23 527
25 845
After tax
37 826
41 143
32 473
30 155
Living cost
13 083
13 083
13 083
13 083
Free-cash
24 743
28 060
19 390
17 072

Estimated living cost  is ₴13083 per week

₴9244
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.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7191
₴1498
₴6683
₴2518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 799
pensions
-
-
-
3 798
total
-
-
-
16 597
Employee
46 294
-
49 198
-
pensions
4 466
-
4 814
-
income
8 345
-
9 344
-
health
763
-
822
-
total
13 574
-
14 980
-
Employer
46 294
-
49 198
-
health
879
-
935
-
pensions
5 466
-
5 867
-
total
6 345
-
6 802
-
Corporate
3 361
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.

639
10 640
-
-
total
639
10 640
-
-
Dividends
2 722
45 360
-
-
withholding
204
5 449
-
-
total
204
5 449
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 762
16 089
21 782
16 597
After tax
35 238
39 911
34 218
39 403
Living cost
32 720
32 720
32 720
32 720
Free-cash
2 518
7 191
1 498
6 683

Estimated living cost  is ₴32720 per week

₴24518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴41442
₴38448
₴36581
₴39161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 400
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
12 981
Employee
8 525
-
52 635
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 506
-
income
852
-
5 264
-
health
392
-
789
-
total
2 087
-
7 748
-
Employer
8 525
-
52 635
-
health
588
-
1 184
-
pensions

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

940
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 673
-
3 366
-
Corporate
45 802
56 000
-
-
income
4 580
5 600
-
-
total
4 580
5 600
-
-
Dividends
41 221
50 400
-
-
withholding
2 061
2 520
-
-
total
2 061
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 401
8 120
11 114
12 981
After tax
45 599
47 880
44 886
43 019
Living cost
6 438
6 438
6 438
6 438
Free-cash
39 161
41 442
38 448
36 581

Estimated living cost  is ₴6438 per week

₴3759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46
₴2013
₴4741
₴1280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 224
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
24 032
Employee
45 523
41 930
47 655
-
pensions
5 753
5 753
5 753
-
income

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

6 863
6 863
6 863
-
health
5 679
5 474
5 800
-
total
18 295
18 090
18 416
-
Employer
45 523
41 930
47 655
-
health
3 163
2 915
3 312
-
pensions
3 168
2 918
3 317
-
unemployment
1 639
1 509
1 715
-
total
7 970
7 342
8 344
-
Corporate
2 507
6 727
-
-
income
501
1 345
-
-
total
501
1 345
-
-
Dividends
2 005
5 382
-
-
income
426
1 143
-
-
withholding
301
807
-
-
total
727
1 950
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 493
28 727
26 760
24 032
After tax
28 507
27 273
29 240
31 968
Living cost
27 227
27 227
27 227
27 227
Free-cash
1 280
46
2 013
4 741

Estimated living cost  is ₴27227 per week

₴20085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26355
₴16217
₴15074
₴22002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 813
social contributions
-
-
-
16 352
solidarity contribution
-
-
-
-
health
-
-
-
7 560
total
-
-
-
28 725
Employee
17 942
-
41 791
-
solidarity contribution
-
-
-
-
social contributions
1 166
-
2 716
-
income
2 153
-
5 015
-
health
2 422
-
5 642
-
total
5 741
-
13 373
-
Employer
17 942
-
41 791
-
health
1 615
-
3 761
-
social contributions
4 486
-
10 448
-
total
6 101
-
14 209
-
Corporate
31 957
56 000
-
-
income
6 072
10 640
-
-
total
6 072
10 640
-
-
Dividends
25 885
45 360
-
-
withholding
3 883
6 804
-
-
total
3 883
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 797
17 444
27 582
28 725
After tax
34 203
38 556
28 418
27 275
Living cost
12 201
12 201
12 201
12 201
Free-cash
22 002
26 355
16 217
15 074

Estimated living cost  is ₴12201 per week

₴8475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9160
₴4872
₴7536
₴6596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 404
regional
-
-
-
630
municipal
-
-
-
333
national
-
-
-
12 378
total
-
-
-
27 745
Employee
43 638
-
56 000
-
municipal
231
-
297
-
national
7 561
-
10 675
-
regional
412
-
553
-
social contributions
14 715
-
18 884
-
total
22 919
-
30 409
-
Employer
43 638
-
56 000
-
total
-
-
-
-
Corporate
12 362
56 000
-
-
municipal
482
2 184
-
-
nationa
2 967
13 440
-
-
total
3 449
15 624
-
-
Dividends
8 913
40 376
-
-
withholding
2 317
10 497
-
-
total
2 317
10 497
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 685
26 121
30 409
27 745
After tax
27 315
29 879
25 591
28 255
Living cost
20 719
20 719
20 719
20 719
Free-cash
6 596
9 160
4 872
7 536

Estimated living cost  is ₴20719 per week

₴14443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24389
₴16038
₴16957
₴22860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 426
other
-
-
-
-
surtax
-
-
-
1 494
unemployment
-
-
-
112
health
-
-
-
3 976
pensions
-
-
-
11 200
total
-
-
-
28 208
Employee
16 237
-
46 262
-
other
-
-
-
-
unemployment
1 130
-
3 220
-
pensions
1 083
-
3 086
-
surtax
53
-
1 348
-
income
2 722
-
10 554
-
health
415
-
1 180
-
total
5 403
-
19 388
-
Employer
16 237
-
46 262
-
health
739
-
2 105
-
pensions
2 165
-
6 167
-
unemployment
514
-
1 467
-
other
-
-
-
-
total
3 418
-
9 739
-
Corporate
36 345
56 000
-
-
income
9 449
14 560
-
-
total
9 449
14 560
-
-
Dividends
26 896
41 440
-
-
withholding
4 035
6 216
-
-
total
4 035
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 305
20 776
29 127
28 208
After tax
33 695
35 224
26 873
27 792
Living cost
10 835
10 835
10 835
10 835
Free-cash
22 860
24 389
16 038
16 957

Estimated living cost  is ₴10835 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17558
₴11865
₴17050
₴15756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 799
pensions
-
-
-
3 798
total
-
-
-
16 597
Employee
31 025
-
49 198
-
pensions
2 633
-
4 814
-
income
5 588
-
9 344
-
health
450
-
822
-
total
8 671
-
14 980
-
Employer
31 025
-
49 198
-
health
589
-
935
-
pensions
3 358
-
5 867
-
total
3 947
-
6 802
-
Corporate
21 027
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.

3 995
10 640
-
-
total
3 995
10 640
-
-
Dividends
17 032
45 360
-
-
withholding
1 278
5 449
-
-
total
1 278
5 449
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 891
16 089
21 782
16 597
After tax
38 109
39 911
34 218
39 403
Living cost
22 353
22 353
22 353
22 353
Free-cash
15 756
17 558
11 865
17 050

Estimated living cost  is ₴22353 per week

₴16747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13204
₴4919
₴7699
₴3402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 063
health
-
-
-
127
city
-
-
-
590
national
-
-
-
438
pensions
-
-
-
5 152
total
-
-
-
9 490
Employee
45 419
-
50 123
-
unemployment
-
-
-
-
pensions
3 816
-
4 211
-
national
215
-
322
-
regional
1 487
-
1 759
-
city
487
-
538
-
health
103
-
113
-
total
6 108
-
6 943
-
Employer
45 419
-
50 123
-
health
103
-
113
-
pensions
3 816
-
4 211
-
unemployment
-
-
-
-
other

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

908
-
1 003
-
total
4 827
-
5 327
-
Corporate
5 255
56 000
-
-
regional
1 111
11 844
-
-
national
447
4 760
-
-
total
1 558
16 604
-
-
Dividends
3 697
39 396
-
-
withholding
1 294
13 789
-
-
total
1 294
13 789
-
-
Income
56 000
56 000
56 000
56 000
Total tax
13 787
30 393
12 270
9 490
After tax
42 213
25 607
43 730
46 510
Living cost
38 811
38 811
38 811
38 811
Free-cash
3 402
-13 204
4 919
7 699

Estimated living cost  is ₴38811 per week

₴25238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5224
₴15458
₴9769
₴13188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
13 929
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.

-
-
-
766
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.

-
-
-
3 354
trade
-
-
-
5 689
total
-
-
-
23 738
Employee

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

29 509
-
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.

191
-
766
-
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.

3 470
-
13 929
-
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.

3 354
-
3 354
-
total
7 015
-
18 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 491
56 000
-
-
income
3 974
8 400
-
-
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
462
-
-
chamber of commerce
112
154
-
-
trade
4 543
9 604
-
-
total
8 848
18 620
-
-
Dividends
17 643
37 380
-
-
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.

232
504
-
-
withholding
4 224
9 159
-
-
total
4 456
9 663
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 319
28 283
18 049
23 738
After tax
35 681
27 717
37 951
32 262
Living cost
22 493
22 493
22 493
22 493
Free-cash
13 188
5 224
15 458
9 769

Estimated living cost  is ₴22493 per week

₴16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11426
₴17350
₴15253
₴14327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 310
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 595
health
-
-
-
1 416
pensions
-
-
-
12 891
total
-
-
-
23 948
Employee
21 015
-
45 016
-
pensions
2 376
-
2 399
-
surtax
-
-
-
-
social contributions
599
-
1 282
-
income
1 240
-
7 186
-
total
4 215
-
10 867
-
Employer
21 015
-
45 016
-
health
1 471
-
3 301
-
pensions
3 452
-
4 171
-
unemployment
851
-
1 824
-
social contributions
63
-
135
-
other
725
-
1 553
-
total
6 562
-
10 984
-
Corporate
28 423
56 000
-
-
income
7 958
15 680
-
-
surtax
-
-
-
-
total
7 958
15 680
-
-
Dividends
20 465
40 320
-
-
surtax
-
-
-
-
social contributions
3 520
6 934
-
-
withholding
2 619
5 161
-
-
total
6 139
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 874
27 775
21 851
23 948
After tax
31 126
28 225
34 149
32 052
Living cost
16 799
16 799
16 799
16 799
Free-cash
14 327
11 426
17 350
15 253

Estimated living cost  is ₴16799 per week

₴10593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
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.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13090
₴19014
₴16917
₴15817
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 310
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 595
health
-
-
-
1 416
pensions
-
-
-
12 891
total
-
-
-
23 948
Employee
18 758
-
45 016
-
pensions
2 122
-
2 399
-
surtax
-
-
-
-
social contributions
535
-
1 282
-
income
967
-
7 186
-
total
3 624
-
10 867
-
Employer
18 758
-
45 016
-
health
1 313
-
3 301
-
pensions
3 082
-
4 171
-
unemployment
759
-
1 824
-
social contributions
56
-
135
-
other
648
-
1 553
-
total
5 858
-
10 984
-
Corporate
31 383
56 000
-
-
income
8 788
15 680
-
-
surtax
-
-
-
-
total
8 788
15 680
-
-
Dividends
22 596
40 320
-
-
surtax
-
-
-
-
social contributions
3 886
6 934
-
-
withholding
2 892
5 161
-
-
total
6 778
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 048
27 775
21 851
23 948
After tax
30 952
28 225
34 149
32 052
Living cost
15 135
15 135
15 135
15 135
Free-cash
15 817
13 090
19 014
16 917

Estimated living cost  is ₴15135 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴23753
₴25292
₴25551
₴24008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 400
social contributions
-
-
-
7 728
health
-
-
-
3 909
total
-
-
-
20 037
Employee
16 648
-
56 000
-
social contributions
2 298
-
7 728
-
income
2 777
-
8 659
-
health
1 162
-
3 909
-
total
6 237
-
20 296
-
Employer
16 648
-
56 000
-
total
-
-
-
-
Corporate
39 352
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%.

1 968
2 800
-
-
total
1 968
2 800
-
-
Dividends
37 384
53 200
-
-
social contributions
5 159
7 342
-
-
withholding
5 607
7 980
-
-
health
2 609
3 713
-
-
total
13 375
19 035
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 580
21 835
20 296
20 037
After tax
34 420
34 165
35 704
35 963
Living cost
10 412
10 412
10 412
10 412
Free-cash
24 008
23 753
25 292
25 551

Estimated living cost  is ₴10412 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13976
-₴1202
₴10487
₴13216
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 235
surtax
-
-
-
97
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
224
health
-
-
-
4 284
pensions
-
-
-
10 360
total
-
-
-
28 212
Employee
24 539
19 567
43 409
-
other
245
196
434
-
unemployment
736
587
1 303
-
pensions
2 513
2 003
4 445
-
income
2 793
1 443
9 060
-
health
949
758
1 680
-
total
7 236
4 987
16 922
-
Employer
24 539
19 567
43 409
-
chamber of commerce
98
78
173
-
health
927
740
1 641
-
pensions
3 080
2 456
5 448
-
accident
319
254
565
-
unemployment
736
587
1 303
-
surtax
97
97
97
-
payroll
736
587
1 303
-
other
1 166
929
2 062
-
total
7 159
5 728
12 592
-
Corporate
24 304
30 704
41 545
-
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.

6 076
7 676
10 387
-
total
6 076
7 676
10 387
-
Dividends
18 227
23 028
-
-
withholding
5 012
6 332
-
-
total
5 012
6 332
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 483
24 723
39 901
28 212
After tax
30 517
31 277
16 099
27 788
Living cost
17 301
17 301
17 301
17 301
Free-cash
13 216
13 976
-1 202
10 487

Estimated living cost  is ₴17301 per week

₴11539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴13479
₴3513
₴7601
₴6115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
2 820
social contributions
-
-
-
9 008
national
-
-
-
18 668
total
-
-
-
30 496
Employee

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

35 122
-
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.

306
-
377
-
communal

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

1 832
-
2 262
-
pensions

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

2 634
-
3 253
-
national
10 798
-
14 026
-
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.

1 650
-
2 039
-
total
17 220
-
21 957
-
Employer

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

35 122
-
43 374
-
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.

2 160
-
2 668
-
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.

3 112
-
3 843
-
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.

457
-
564
-
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.

512
-
634
-
surtax
3 982
-
4 918
-
total
10 223
-
12 627
-
Corporate
10 654
56 000
-
-
income
2 131
11 200
-
-
surtax
43
224
-
-
total
2 174
11 424
-
-
Dividends
8 480
44 576
-
-
withholding

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

2 365
13 194
-
-
total
2 365
13 194
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 982
24 618
34 584
30 496
After tax
24 018
31 382
21 416
25 504
Living cost
17 903
17 903
17 903
17 903
Free-cash
6 115
13 479
3 513
7 601

Estimated living cost  is ₴17903 per week

₴11532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
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.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19964
₴11327
₴12951
₴16071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
11 663
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
25 317
Employee
24 441
-
42 464
-
other
24
-
43
-
unemployment
379
-
658
-
pensions
1 149
-
1 996
-
income
5 157
-
10 709
-
total
6 709
-
13 406
-
Employer
24 441
-
42 464
-
pensions
5 768
-
10 021
-
accident
484
-
840
-
unemployment
1 345
-
2 335
-
other
195
-
339
-
total
7 792
-
13 535
-
Corporate
23 768
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.

3 565
8 400
-
-
total
3 565
8 400
-
-
Dividends
20 203
47 600
-
-
withholding
4 131
9 904
-
-
total
4 131
9 904
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 197
18 304
26 941
25 317
After tax
33 803
37 696
29 059
30 683
Living cost
17 732
17 732
17 732
17 732
Free-cash
16 071
19 964
11 327
12 951

Estimated living cost  is ₴17732 per week

₴13058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7330
₴6650
₴4359
₴3651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
3 539
accident
-
-
-
472
income
-
-
-
5 841
surtax
-
-
-
2 776
health
-
-
-
3 935
pensions
-
-
-
8 394
total
-
-
-
24 957
Employee
37 184
-
50 023
-
pensions
2 974
-
4 002
-
surtax
2 279
-
3 066
-
income
3 592
-
7 395
-
health
1 655
-
2 226
-
total
10 500
-
16 689
-
Employer
37 184
-
50 023
-
health
1 134
-
1 525
-
pensions
2 974
-
4 002
-
accident
335
-
450
-
total
4 443
-
5 977
-
Corporate
14 373
56 000
-
-
communal
-
3 780
-
-
income
2 156
8 400
-
-
surtax
151
588
-
-
total
2 307
12 768
-
-
Dividends
12 066
43 232
-
-
income
6 605
2 733
-
-
withholding
1 810
6 485
-
-
total
8 415
9 218
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 665
21 986
22 666
24 957
After tax
30 335
34 014
33 334
31 043
Living cost
26 684
26 684
26 684
26 684
Free-cash
3 651
7 330
6 650
4 359

Estimated living cost  is ₴26684 per week

₴20017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24195
₴15844
₴16763
₴22632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 426
other
-
-
-
-
surtax
-
-
-
1 494
unemployment
-
-
-
112
health
-
-
-
3 976
pensions
-
-
-
11 200
total
-
-
-
28 208
Employee
16 536
-
46 262
-
other
-
-
-
-
unemployment
1 151
-
3 220
-
pensions
1 103
-
3 086
-
surtax
59
-
1 348
-
income
2 772
-
10 554
-
health
422
-
1 180
-
total
5 507
-
19 388
-
Employer
16 536
-
46 262
-
health
752
-
2 105
-
pensions
2 205
-
6 167
-
unemployment
525
-
1 467
-
other
-
-
-
-
total
3 482
-
9 739
-
Corporate
35 983
56 000
-
-
income
9 356
14 560
-
-
total
9 356
14 560
-
-
Dividends
26 627
41 440
-
-
withholding
3 994
6 216
-
-
total
3 994
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 339
20 776
29 127
28 208
After tax
33 661
35 224
26 873
27 792
Living cost
11 029
11 029
11 029
11 029
Free-cash
22 632
24 195
15 844
16 763

Estimated living cost  is ₴11029 per week

₴6659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
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.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16208
₴12164
₴14813
₴15118
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 404
regional
-
-
-
845
municipal
-
-
-
333
national
-
-
-
12 378
total
-
-
-
27 960
Employee
27 237
-
56 000
-
municipal
144
-
297
-
national
4 315
-
10 675
-
regional
367
-
753
-
social contributions
9 185
-
18 884
-
total
14 011
-
30 609
-
Employer
27 237
-
56 000
-
total
-
-
-
-
Corporate
28 763
56 000
-
-
municipal
1 429
2 783
-
-
nationa
6 903
13 440
-
-
total
8 332
16 223
-
-
Dividends
20 431
39 777
-
-
withholding
5 312
10 342
-
-
total
5 312
10 342
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 655
26 565
30 609
27 960
After tax
28 345
29 435
25 391
28 040
Living cost
13 227
13 227
13 227
13 227
Free-cash
15 118
16 208
12 164
14 813

Estimated living cost  is ₴13227 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23521
₴13383
₴12240
₴18158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 813
social contributions
-
-
-
16 352
solidarity contribution
-
-
-
-
health
-
-
-
7 560
total
-
-
-
28 725
Employee
22 110
-
41 791
-
solidarity contribution
-
-
-
-
social contributions
1 437
-
2 716
-
income
2 653
-
5 015
-
health
2 985
-
5 642
-
total
7 075
-
13 373
-
Employer
22 110
-
41 791
-
health
1 990
-
3 761
-
social contributions
5 527
-
10 448
-
total
7 517
-
14 209
-
Corporate
26 373
56 000
-
-
income
5 011
10 640
-
-
total
5 011
10 640
-
-
Dividends
21 362
45 360
-
-
withholding
3 204
6 804
-
-
total
3 204
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 807
17 444
27 582
28 725
After tax
33 193
38 556
28 418
27 275
Living cost
15 035
15 035
15 035
15 035
Free-cash
18 158
23 521
13 383
12 240

Estimated living cost  is ₴15035 per week

₴11181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15664
₴454
₴12220
₴15420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 235
surtax
-
-
-
-
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
224
health
-
-
-
4 284
pensions
-
-
-
10 360
total
-
-
-
28 115
Employee
21 463
19 567
43 484
-
other
214
196
435
-
unemployment
644
587
1 304
-
pensions
2 198
2 003
4 453
-
income
1 912
1 443
9 086
-
health
830
758
1 683
-
total
5 798
4 987
16 961
-
Employer
21 463
19 567
43 484
-
chamber of commerce
86
78
174
-
health
812
740
1 644
-
pensions
2 694
2 456
5 457
-
accident
279
254
566
-
unemployment
644
587
1 304
-
surtax
-
-
-
-
payroll
644
587
1 304
-
other
1 019
929
2 066
-
total
6 178
5 631
12 515
-
Corporate
28 360
30 801
41 621
-
income

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

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

7 090
7 700
10 405
-
total
7 090
7 700
10 405
-
Dividends
21 270
23 101
-
-
withholding
5 849
6 353
-
-
total
5 849
6 353
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 915
24 671
39 881
28 115
After tax
31 085
31 329
16 119
27 885
Living cost
15 665
15 665
15 665
15 665
Free-cash
15 420
15 664
454
12 220

Estimated living cost  is ₴15665 per week

₴9397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
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.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46936
₴38536
₴49176
₴45762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 830
-
56 000
-
income
1 566
-
11 200
-
total
1 566
-
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%.

48 170
56 000
-
-
total
-
-
-
-
Dividends
48 170
56 000
-
-
withholding
2 408
2 800
-
-
total
2 408
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 974
2 800
11 200
560
After tax
52 026
53 200
44 800
55 440
Living cost
6 264
6 264
6 264
6 264
Free-cash
45 762
46 936
38 536
49 176

Estimated living cost  is ₴6264 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25386
₴13895
₴15500
₴21280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 508
unemployment
-
-
-
84
health
-
-
-
5 511
pensions
-
-
-
10 227
total
-
-
-
27 330
Employee

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

21 713
-
48 456
-
unemployment
31
-
68
-
pensions
3 366
-
7 511
-
income
3 744
-
10 682
-
health
1 402
-
3 130
-
total
8 543
-
21 391
-
Employer

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

21 713
-
48 456
-
health
1 446
-
3 227
-
pensions
1 921
-
4 288
-
unemployment
13
-
29
-
total
3 380
-
7 544
-
Corporate
30 907
56 000
-
-
income
5 872
10 640
-
-
total
5 872
10 640
-
-
Dividends
25 035
45 360
-
-
withholding
3 755
6 804
-
-
total
3 755
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 550
17 444
28 935
27 330
After tax
34 450
38 556
27 065
28 670
Living cost
13 170
13 170
13 170
13 170
Free-cash
21 280
25 386
13 895
15 500

Estimated living cost  is ₴13170 per week

₴9038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴12519
₴27879
₴17149
-₴18471
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 916
social contributions
-
-
-
6 384
total
-
-
-
17 300
Employee
30 900
-
-
-
social contributions
2 534
-
361
-
income
6 816
-
-
-
total
9 350
-
361
-
Employer
30 900
-
-
-
social contributions
43 570
-
6 209
-
total
43 570
-
6 209
-
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
52 920
21 930
6 570
17 300
After tax
3 080
34 070
49 430
38 700
Living cost
21 551
21 551
21 551
21 551
Free-cash
-18 471
12 519
27 879
17 149

Estimated living cost  is ₴21551 per week

₴13983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16452
₴12301
₴15587
₴15957
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 552
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
25 012
Employee
22 583
-
45 253
-
surtax
-
-
-
-
social contributions
2 484
-
4 978
-
income
4 697
-
12 573
-
total
7 181
-
17 551
-
Employer
22 583
-
45 253
-
social contributions
5 363
-
10 747
-
total
5 363
-
10 747
-
Corporate
28 054
56 000
-
-
income
5 892
11 760
-
-
surtax
-
-
-
-
total
5 892
11 760
-
-
Dividends
22 162
44 240
-
-
withholding
6 206
12 387
-
-
total
6 206
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 642
24 147
28 298
25 012
After tax
31 358
31 853
27 702
30 988
Living cost
15 401
15 401
15 401
15 401
Free-cash
15 957
16 452
12 301
15 587

Estimated living cost  is ₴15401 per week

₴11523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4510
₴10434
₴8337
₴7887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 310
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 595
health
-
-
-
1 416
pensions
-
-
-
12 891
total
-
-
-
23 948
Employee
30 753
-
45 016
-
pensions
3 478
-
2 399
-
surtax
-
-
-
-
social contributions
876
-
1 282
-
income
2 683
-
7 186
-
total
7 037
-
10 867
-
Employer
30 753
-
45 016
-
health
2 152
-
3 301
-
pensions
5 053
-
4 171
-
unemployment
1 246
-
1 824
-
social contributions
92
-
135
-
other
1 061
-
1 553
-
total
9 604
-
10 984
-
Corporate
15 642
56 000
-
-
income
4 379
15 680
-
-
surtax
-
-
-
-
total
4 379
15 680
-
-
Dividends
11 263
40 320
-
-
surtax
-
-
-
-
social contributions
1 937
6 934
-
-
withholding
1 441
5 161
-
-
total
3 378
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 398
27 775
21 851
23 948
After tax
31 602
28 225
34 149
32 052
Living cost
23 715
23 715
23 715
23 715
Free-cash
7 887
4 510
10 434
8 337

Estimated living cost  is ₴23715 per week

₴16050
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.
₴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.
₴5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35640
₴29023
₴27534
₴33990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 386
social contributions
-
-
-
12 320
total
-
-
-
13 706
Employee
15 785
-
48 485
-
income
-
-
1 551
-
social contributions
1 026
-
3 151
-
total
1 026
-
4 702
-
Employer
15 785
-
48 485
-
social contributions
2 447
-
7 515
-
total
2 447
-
7 515
-
Corporate
37 768
56 000
-
-
income
3 777
5 600
-
-
total
3 777
5 600
-
-
Dividends
33 991
50 400
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
7 250
5 600
12 217
13 706
After tax
48 750
50 400
43 783
42 294
Living cost
14 760
14 760
14 760
14 760
Free-cash
33 990
35 640
29 023
27 534

Estimated living cost  is ₴14760 per week

₴9543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
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.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴50927
-₴50927
₴10688
-₴50927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 446
municipal
-
-
-
10 761
national
-
-
-
6 045
pensions
-
-
-
425
total
-
-
-
21 677
Employee
99 759
99 759
99 759
-
municipal
21 243
21 243
21 243
-
labour market
7 969
7 969
7 969
-
pensions
142
142
142
-
national
12 187
12 187
12 187
-
total
41 541
41 541
41 541
-
Employer
99 759
99 759
99 759
-
national
12 209
12 209
12 209
-
labour market
7 981
7 981
7 981
-
pensions
284
284
284
-
municipal
21 277
21 277
21 277
-
total
41 751
41 751
41 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
83 292
83 292
83 292
21 677
After tax
-27 292
-27 292
-27 292
34 323
Living cost
23 635
23 635
23 635
23 635
Free-cash
-50 927
-50 927
-50 927
10 688

Estimated living cost  is ₴23635 per week

₴16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6251
₴18519
₴27609
₴2881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
14 138
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
17 604
Employee
16 969
-
48 518
-
pensions
1 911
-
3 797
-
income
2 328
-
9 860
-
health
1 943
-
5 555
-
total
6 182
-
19 212
-
Employer
16 969
-
48 518
-
pensions
2 759
-
5 483
-
accident
283
-
810
-
unemployment
416
-
1 189
-
total
3 458
-
7 482
-
Corporate
35 573
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.

32 016
50 400
-
-
total
32 016
50 400
-
-
Dividends
3 557
5 600
-
-
withholding
676
1 064
-
-
total
676
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 332
51 464
26 694
17 604
After tax
13 668
4 536
29 306
38 396
Living cost
10 787
10 787
10 787
10 787
Free-cash
2 881
-6 251
18 519
27 609

Estimated living cost  is ₴10787 per week

₴7852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17857
₴12463
₴20142
₴17502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
658
municipal
-
-
-
9 962
national
-
-
-
6 387
total
-
-
-
17 007
Employee
25 833
-
47 110
-
municipal
4 231
-
7 686
-
unemployment
388
-
706
-
pensions
1 743
-
3 180
-
national
427
-
3 702
-
health
193
-
521
-
total
6 982
-
15 795
-
Employer
25 833
-
47 110
-
health
198
-
362
-
pensions
4 482
-
8 174
-
accident
26
-
48
-
unemployment
168
-
307
-
total
4 874
-
8 891
-
Corporate
25 293
56 000
-
-
income
5 059
11 200
-
-
total
5 059
11 200
-
-
Dividends

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

15 176
33 600
-
-
municipal
2 732
6 048
-
-
national
-
2 044
-
-
total
2 732
8 092
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 647
19 292
24 686
17 007
After tax
36 353
36 708
31 314
38 993
Living cost
18 851
18 851
18 851
18 851
Free-cash
17 502
17 857
12 463
20 142

Estimated living cost  is ₴18851 per week

₴12314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29583
₴27360
₴27972
₴26912
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 288
social contributions
-
-
-
7 944
health
-
-
-
1 428
total
-
-
-
16 660
Employee
37 756
37 756
50 840
-
social contributions
1 427
3 134
4 220
-
income
4 111
3 495
7 027
-
health
293
642
865
-
total
5 831
7 271
12 112
-
Employer
37 756
37 756
50 840
-
health
318
699
940
-
social contributions
1 427
3 134
4 220
-
total
1 745
3 833
5 160
-
Corporate
37 055
14 411
-
-
income
4 632
1 801
-
-
total
4 632
1 801
-
-
Dividends
32 424
12 610
-
-
withholding
5 512
2 144
-
-
total
5 512
2 144
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 720
15 049
17 272
16 660
After tax
38 280
40 951
38 728
39 340
Living cost
11 368
11 368
11 368
11 368
Free-cash
26 912
29 583
27 360
27 972

Estimated living cost  is ₴11368 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38578
₴27996
₴37844
₴36078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 446
unemployment
-
-
-
14
health
-
-
-
1 777
pensions
-
-
-
3 123
total
-
-
-
10 360
Employee

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

11 270
-
51 201
-
unemployment
56
-
233
-
pensions
1 690
-
6 988
-
income
771
-
4 229
-
health
958
-
3 960
-
total
3 475
-
15 410
-
Employer

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

11 270
-
51 201
-
health
485
-
2 003
-
pensions
620
-
2 562
-
unemployment
56
-
233
-
total
1 161
-
4 798
-
Corporate
43 570
56 000
-
-
income
3 921
5 040
-
-
total
3 921
5 040
-
-
Dividends
39 649
50 960
-
-
withholding
3 569
4 586
-
-
total
3 569
4 586
-
-
Income
56 000
56 000
56 000
56 000
Total tax
12 126
9 626
20 208
10 360
After tax
43 874
46 374
35 792
45 640
Living cost
7 796
7 796
7 796
7 796
Free-cash
36 078
38 578
27 996
37 844

Estimated living cost  is ₴7796 per week

₴4974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24194
₴15557
₴17181
₴21639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
11 663
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
25 317
Employee
18 156
-
42 464
-
other
18
-
43
-
unemployment
281
-
658
-
pensions
854
-
1 996
-
income
3 500
-
10 709
-
total
4 653
-
13 406
-
Employer
18 156
-
42 464
-
pensions
4 284
-
10 021
-
accident
360
-
840
-
unemployment
999
-
2 335
-
other
145
-
339
-
total
5 788
-
13 535
-
Corporate
32 056
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.

4 808
8 400
-
-
total
4 808
8 400
-
-
Dividends
27 248
47 600
-
-
withholding
5 610
9 904
-
-
total
5 610
9 904
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 859
18 304
26 941
25 317
After tax
35 141
37 696
29 059
30 683
Living cost
13 502
13 502
13 502
13 502
Free-cash
21 639
24 194
15 557
17 181

Estimated living cost  is ₴13502 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
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.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33984
₴34808
₴34876
₴33825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 956
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
20 164
Employee
1 463
-
55 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
18 919
-
health
73
-
175
-
total
503
-
19 444
-
Employer
1 463
-
55 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
54 208
56 000
-
-
income
11 926
12 320
-
-
total
11 926
12 320
-
-
Dividends
42 283
43 680
-
-
withholding
8 457
8 736
-
-
total
8 457
8 736
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 215
21 056
20 232
20 164
After tax
34 785
34 944
35 768
35 836
Living cost
960
960
960
960
Free-cash
33 825
33 984
34 808
34 876

Estimated living cost  is ₴960 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴31969
₴21970
₴21971
₴29554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 823
unemployment
-
-
-
544
health
-
-
-
3 737
pensions
-
-
-
9 434
total
-
-
-
25 538
Employee

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

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

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

12 804
-
49 505
-
unemployment
96
-
272
-
pensions
1 793
-
5 080
-
income
1 765
-
11 823
-
health
659
-
1 869
-
total
4 313
-
19 044
-
Employer

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

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

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

12 804
-
49 505
-
health
659
-
1 869
-
pensions
1 536
-
4 354
-
unemployment
96
-
272
-
total
2 291
-
6 495
-
Corporate
40 904
56 000
-
-
income
6 136
8 400
-
-
total
6 136
8 400
-
-
Dividends
34 769
47 600
-
-
withholding
5 215
7 140
-
-
total
5 215
7 140
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 955
15 540
25 539
25 538
After tax
38 045
40 460
30 461
30 462
Living cost
8 491
8 491
8 491
8 491
Free-cash
29 554
31 969
21 970
21 971

Estimated living cost  is ₴8491 per week

₴5717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18616
₴14465
₴17751
₴18437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 552
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
25 012
Employee
19 057
-
45 253
-
surtax
-
-
-
-
social contributions
2 097
-
4 978
-
income
3 724
-
12 573
-
total
5 821
-
17 551
-
Employer
19 057
-
45 253
-
social contributions
4 526
-
10 747
-
total
4 526
-
10 747
-
Corporate
32 417
56 000
-
-
income
6 808
11 760
-
-
surtax
-
-
-
-
total
6 808
11 760
-
-
Dividends
25 609
44 240
-
-
withholding
7 171
12 387
-
-
total
7 171
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 326
24 147
28 298
25 012
After tax
31 674
31 853
27 702
30 988
Living cost
13 237
13 237
13 237
13 237
Free-cash
18 437
18 616
14 465
17 751

Estimated living cost  is ₴13237 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20440
₴11803
₴13427
₴16716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
11 663
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
25 317
Employee
23 714
-
42 464
-
other
23
-
43
-
unemployment
367
-
658
-
pensions
1 114
-
1 996
-
income
4 953
-
10 709
-
total
6 457
-
13 406
-
Employer
23 714
-
42 464
-
pensions
5 596
-
10 021
-
accident
470
-
840
-
unemployment
1 304
-
2 335
-
other
190
-
339
-
total
7 560
-
13 535
-
Corporate
24 726
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.

3 709
8 400
-
-
total
3 709
8 400
-
-
Dividends
21 017
47 600
-
-
withholding
4 302
9 904
-
-
total
4 302
9 904
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 028
18 304
26 941
25 317
After tax
33 972
37 696
29 059
30 683
Living cost
17 256
17 256
17 256
17 256
Free-cash
16 716
20 440
11 803
13 427

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
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.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39433
₴36439
₴34572
₴36439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 400
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
12 981
Employee
11 186
-
52 635
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

982
-
1 506
-
income
1 119
-
5 264
-
health
515
-
789
-
total
2 739
-
7 748
-
Employer
11 186
-
52 635
-
health
772
-
1 184
-
pensions

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

1 233
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 195
-
3 366
-
Corporate
42 620
56 000
-
-
income
4 262
5 600
-
-
total
4 262
5 600
-
-
Dividends
38 358
50 400
-
-
withholding
1 918
2 520
-
-
total
1 918
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
11 114
8 120
11 114
12 981
After tax
44 886
47 880
44 886
43 019
Living cost
8 447
8 447
8 447
8 447
Free-cash
36 439
39 433
36 439
34 572

Estimated living cost  is ₴8447 per week

₴5587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9912
₴18994
₴14234
₴16338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
13 929
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.

-
-
-
766
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.

-
-
-
3 354
trade
-
-
-
4 760
total
-
-
-
22 809
Employee

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

24 431
-
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.

111
-
766
-
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.

2 009
-
13 929
-
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.

3 354
-
3 354
-
total
5 474
-
18 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 569
56 000
-
-
income
4 735
8 400
-
-
surtax

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

261
462
-
-
chamber of commerce
121
157
-
-
trade
4 530
8 036
-
-
total
9 647
17 055
-
-
Dividends
21 921
38 946
-
-
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.

291
526
-
-
withholding
5 293
9 550
-
-
total
5 584
10 076
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 705
27 131
18 049
22 809
After tax
35 295
28 869
37 951
33 191
Living cost
18 957
18 957
18 957
18 957
Free-cash
16 338
9 912
18 994
14 234

Estimated living cost  is ₴18957 per week

₴13077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11229
₴8621
₴8621
₴12314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 284
social contributions
-
-
-
5 125
total
-
-
-
19 409
Employee
38 408
-
56 000
-
income
7 247
-
14 284
-
social contributions
3 191
-
5 125
-
total
10 438
-
19 409
-
Employer
38 408
-
56 000
-
total
-
-
-
-
Corporate
17 592
56 000
-
-
income
2 199
7 000
-
-
total
2 199
7 000
-
-
Dividends
15 393
49 000
-
-
withholding
3 079
9 801
-
-
total
3 079
9 801
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 716
16 801
19 409
19 409
After tax
40 284
39 199
36 591
36 591
Living cost
27 970
27 970
27 970
27 970
Free-cash
12 314
11 229
8 621
8 621

Estimated living cost  is ₴27970 per week

₴21279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
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.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15982
₴23410
₴21219
₴17698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
56 000
income
-
-
-
13 977
health

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

-
-
-
2 980
total
-
-
-
16 957
Employee
22 525
-
53 741
-
income
2 444
-
10 248
-
social contributions
2 257
-
2 259
-
total
4 701
-
12 507
-
Employer
22 525
-
53 741
-
social contributions
2 257
-
2 259
-
total
2 257
-
2 259
-
Corporate
31 219
56 000
-
-
income
10 926
19 600
-
-
total
10 926
19 600
-
-
Dividends
20 292
36 400
-
-
social contributions
2 594
2 594
-
-
total
2 594
2 594
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 478
22 194
14 766
16 957
After tax
35 522
33 806
41 234
39 043
Living cost
17 824
17 824
17 824
17 824
Free-cash
17 698
15 982
23 410
21 219

Estimated living cost  is ₴17824 per week

₴11740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21738
₴16045
₴21230
₴21025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 799
pensions
-
-
-
3 798
total
-
-
-
16 597
Employee
24 944
-
49 198
-
pensions
1 904
-
4 814
-
income
4 543
-
9 344
-
health
325
-
822
-
total
6 772
-
14 980
-
Employer
24 944
-
49 198
-
health
474
-
935
-
pensions
2 520
-
5 867
-
total
2 994
-
6 802
-
Corporate
28 061
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.

5 331
10 640
-
-
total
5 331
10 640
-
-
Dividends
22 730
45 360
-
-
withholding
1 705
5 449
-
-
total
1 705
5 449
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 802
16 089
21 782
16 597
After tax
39 198
39 911
34 218
39 403
Living cost
18 173
18 173
18 173
18 173
Free-cash
21 025
21 738
16 045
21 230

Estimated living cost  is ₴18173 per week

₴12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7319
₴17451
₴26541
₴2718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
14 138
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
17 604
Employee
18 648
-
48 518
-
pensions
2 100
-
3 797
-
income
2 558
-
9 860
-
health
2 135
-
5 555
-
total
6 793
-
19 212
-
Employer
18 648
-
48 518
-
pensions
3 032
-
5 483
-
accident
311
-
810
-
unemployment
457
-
1 189
-
total
3 800
-
7 482
-
Corporate
33 551
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.

30 196
50 400
-
-
total
30 196
50 400
-
-
Dividends
3 355
5 600
-
-
withholding
638
1 064
-
-
total
638
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 427
51 464
26 694
17 604
After tax
14 573
4 536
29 306
38 396
Living cost
11 855
11 855
11 855
11 855
Free-cash
2 718
-7 319
17 451
26 541

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40490
₴29796
₴25195
₴38577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 771
unemployment
-
-
-
672
work injury
-
-
-
280
health insurance
-
-
-
4 144
pensions
-
-
-
10 304
total
-
-
-
24 171
Employee

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

10 615
-
56 000
-
health insurance
786
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 226
-
income
1 062
-
8 771
-
total
3 981
-
19 570
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 385
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
45 385
55 440
-
-
withholding
6 808
8 316
-
-
total
6 808
8 316
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 789
8 876
19 570
24 171
After tax
45 211
47 124
36 430
31 829
Living cost
6 634
6 634
6 634
6 634
Free-cash
38 577
40 490
29 796
25 195

Estimated living cost  is ₴6634 per week

₴4110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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Rome , Italy
₴9937
₴5539
₴8100
₴7702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 404
regional
-
-
-
1 182
municipal
-
-
-
375
national
-
-
-
12 378
total
-
-
-
28 339
Employee
41 376
-
56 000
-
municipal
247
-
335
-
national
6 992
-
10 675
-
regional
625
-
1 006
-
social contributions
13 952
-
18 884
-
total
21 816
-
30 900
-
Employer
41 376
-
56 000
-
total
-
-
-
-
Corporate
14 624
56 000
-
-
municipal
704
2 699
-
-
nationa
3 510
13 440
-
-
total
4 214
16 139
-
-
Dividends
10 410
39 861
-
-
withholding
2 707
10 363
-
-
total
2 707
10 363
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 737
26 502
30 900
28 339
After tax
27 263
29 498
25 100
27 661
Living cost
19 561
19 561
19 561
19 561
Free-cash
7 702
9 937
5 539
8 100

Estimated living cost  is ₴19561 per week

₴13740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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