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
₴13316
₴23019
₴17821
₴18785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
13 860
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.

-
-
-
762
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.

-
-
-
3 379
trade
-
-
-
5 198
total
-
-
-
23 199
Employee

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

18 916
-
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
-
762
-
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.

528
-
13 860
-
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.

3 379
-
3 379
-
total
3 936
-
18 001
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 084
56 000
-
-
income
5 563
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.

306
462
-
-
chamber of commerce
129
156
-
-
trade
5 840
8 820
-
-
total
11 838
17 838
-
-
Dividends
25 246
38 162
-
-
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.

337
514
-
-
withholding
6 124
9 352
-
-
total
6 461
9 866
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 235
27 704
18 001
23 199
After tax
33 765
28 296
37 999
32 801
Living cost
14 980
14 980
14 980
14 980
Free-cash
18 785
13 316
23 019
17 821

Estimated living cost  is ₴14980 per week

₴9423
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8515
₴7695
₴7255
₴8075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 881
national
-
-
-
9 113
pensions
-
-
-
6 720
total
-
-
-
22 316
Employee
40 970
-
48 411
-
municipal
5 060
-
6 098
-
pensions
1 639
-
1 936
-
national
7 842
-
9 449
-
total
14 541
-
17 483
-
Employer
40 970
-
48 411
-
pensions
3 278
-
3 873
-
social contributions
440
-
520
-
total
3 718
-
4 393
-
Corporate
8 608
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%.

1 722
11 200
-
-
total
1 722
11 200
-
-
Dividends
6 887
44 800
-
-
withholding
1 515
9 856
-
-
total
1 515
9 856
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 496
21 056
21 876
22 316
After tax
34 504
34 944
34 124
33 684
Living cost
26 429
26 429
26 429
26 429
Free-cash
8 075
8 515
7 695
7 255

Estimated living cost  is ₴26429 per week

₴17963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34511
₴21201
₴19531
₴30455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 176
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
-
-
-
26 180
Employee
14 451
-
45 128
-
surtax
-
-
-
-
social contributions

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

1 590
-
4 964
-
income
2 572
-
8 675
-
total
4 162
-
13 639
-
Employer
14 451
-
45 128
-
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.

3 481
-
10 871
-
surtax
-
-
-
-
total
3 481
-
10 871
-
Corporate
38 068
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%.

7 613
11 200
-
-
total
7 613
11 200
-
-
Dividends

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

30 454
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 256
11 200
24 510
26 180
After tax
40 744
44 800
31 490
29 820
Living cost
10 289
10 289
10 289
10 289
Free-cash
30 455
34 511
21 201
19 531

Estimated living cost  is ₴10289 per week

₴6564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
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.
₴2511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6543
₴8407
₴11232
₴3514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 157
health
-
-
-
6 099
pensions
-
-
-
5 794
total
-
-
-
24 050
Employee
42 234
42 234
47 656
-
pensions
7 602
5 794
5 794
-
income

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

6 913
6 913
6 913
-
health
6 482
5 514
5 823
-
total
20 997
18 221
18 530
-
Employer
42 234
42 234
47 656
-
health
2 936
2 936
3 312
-
pensions
2 939
2 939
3 317
-
unemployment
1 520
1 520
1 716
-
total
7 395
7 395
8 345
-
Corporate
6 889
6 371
-
-
income
1 378
1 275
-
-
total
1 378
1 275
-
-
Dividends
5 511
5 096
-
-
income
1 171
1 083
-
-
withholding
827
765
-
-
total
1 998
1 848
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 768
28 739
26 875
24 050
After tax
24 232
27 261
29 125
31 950
Living cost
20 718
20 718
20 718
20 718
Free-cash
3 514
6 543
8 407
11 232

Estimated living cost  is ₴20718 per week

₴14682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10396
₴9554
₴9843
₴9944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 139
unemployment
-
-
-
44
health
-
-
-
2 760
municipal
-
-
-
12 879
national
-
-
-
286
pensions
-
-
-
4 781
total
-
-
-
25 977
Employee
28 754
-
42 611
-
municipal
8 575
-
12 707
-
national
-
-
171
-
total
8 575
-
12 878
-
Employer
28 754
-
42 611
-
health
1 768
-
2 621
-
pensions
3 108
-
4 606
-
accident
58
-
85
-
unemployment
759
-
1 125
-
other
3 341
-
4 951
-
total
9 034
-
13 388
-
Corporate
18 211
56 000
-
-
income
4 006
12 320
-
-
total
4 006
12 320
-
-
Dividends
14 205
43 680
-
-
withholding
4 261
13 104
-
-
total
4 261
13 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 876
25 424
26 266
25 977
After tax
30 124
30 576
29 734
30 023
Living cost
20 180
20 180
20 180
20 180
Free-cash
9 944
10 396
9 554
9 843

Estimated living cost  is ₴20180 per week

₴13374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8579
₴18571
₴13142
₴15529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
13 860
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.

-
-
-
762
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.

-
-
-
3 379
trade
-
-
-
5 429
total
-
-
-
23 430
Employee

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

25 080
-
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.

118
-
762
-
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.

2 155
-
13 860
-
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.

3 379
-
3 379
-
total
5 652
-
18 001
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 920
56 000
-
-
income
4 638
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.

255
462
-
-
chamber of commerce
119
155
-
-
trade
5 086
9 212
-
-
total
10 098
18 229
-
-
Dividends
20 821
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.

276
509
-
-
withholding
5 017
9 255
-
-
total
5 293
9 764
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 043
27 993
18 001
23 430
After tax
34 957
28 007
37 999
32 570
Living cost
19 428
19 428
19 428
19 428
Free-cash
15 529
8 579
18 571
13 142

Estimated living cost  is ₴19428 per week

₴12994
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4096
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24914
₴22736
₴23306
₴22863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 223
social contributions
-
-
-
8 002
health
-
-
-
1 428
total
-
-
-
16 653
Employee
38 029
38 029
50 840
-
social contributions
1 848
3 156
4 220
-
income
3 993
3 520
6 979
-
health
378
647
864
-
total
6 219
7 323
12 063
-
Employer
38 029
38 029
50 840
-
health
412
704
940
-
social contributions
1 848
3 156
4 220
-
total
2 260
3 860
5 160
-
Corporate
31 479
14 110
-
-
income
3 935
1 763
-
-
total
3 935
1 763
-
-
Dividends
27 544
12 347
-
-
withholding
4 682
2 099
-
-
total
4 682
2 099
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 096
15 045
17 223
16 653
After tax
38 904
40 955
38 777
39 347
Living cost
16 041
16 041
16 041
16 041
Free-cash
22 863
24 914
22 736
23 306

Estimated living cost  is ₴16041 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22442
₴23381
₴29711
₴22631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 111
5 218
46 862
-
unemployment
197
78
703
-
pensions
1 311
522
4 686
-
income
1 603
638
5 729
-
health
918
365
3 280
-
total
4 029
1 603
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.

13 111
5 218
46 862
-
pensions
2 557
1 018
9 138
-
total
2 557
1 018
9 138
-
Corporate
40 332
49 764
-
-
income
3 630
4 479
-
-
total
3 630
4 479
-
-
Dividends
36 702
45 286
-
-
social contributions
7 097
8 771
-
-
withholding
6 973
8 604
-
-
total
14 070
17 375
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 286
24 475
23 536
17 206
After tax
31 714
31 525
32 464
38 794
Living cost
9 083
9 083
9 083
9 083
Free-cash
22 631
22 442
23 381
29 711

Estimated living cost  is ₴9083 per week

₴6198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32855
₴20332
₴18072
₴29782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 503
health
-
-
-
7 280
pensions
-
-
-
11 200
total
-
-
-
25 983
Employee
14 030
-
41 854
-
unemployment
224
-
670
-
pensions
281
-
837
-
income
1 580
-
8 069
-
total
2 085
-
9 576
-
Employer
14 030
-
41 854
-
health
1 824
-
5 441
-
pensions
2 806
-
8 371
-
unemployment
113
-
335
-
total
4 743
-
14 147
-
Corporate
37 228
56 000
-
-
income
7 445
11 200
-
-
total
7 445
11 200
-
-
Dividends
29 782
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
14 273
11 200
23 723
25 983
After tax
41 727
44 800
32 277
30 017
Living cost
11 945
11 945
11 945
11 945
Free-cash
29 782
32 855
20 332
18 072

Estimated living cost  is ₴11945 per week

₴8193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
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.
₴2801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6500
₴18245
₴27362
₴2843
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
14 108
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
17 602
Employee
17 361
-
48 476
-
pensions
1 955
-
3 827
-
income
2 382
-
9 817
-
health
1 988
-
5 550
-
total
6 325
-
19 194
-
Employer
17 361
-
48 476
-
pensions
2 823
-
5 527
-
accident
290
-
810
-
unemployment
425
-
1 188
-
total
3 538
-
7 525
-
Corporate
35 101
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.

31 591
50 400
-
-
total
31 591
50 400
-
-
Dividends
3 510
5 600
-
-
withholding
667
1 064
-
-
total
667
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 121
51 464
26 719
17 602
After tax
13 879
4 536
29 281
38 398
Living cost
11 036
11 036
11 036
11 036
Free-cash
2 843
-6 500
18 245
27 362

Estimated living cost  is ₴11036 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49150
₴40750
₴51390
₴48391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 063
-
56 000
-
income
1 012
-
11 200
-
total
1 012
-
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%.

50 937
56 000
-
-
total
-
-
-
-
Dividends
50 937
56 000
-
-
withholding
2 547
2 800
-
-
total
2 547
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 559
2 800
11 200
560
After tax
52 441
53 200
44 800
55 440
Living cost
4 050
4 050
4 050
4 050
Free-cash
48 391
49 150
40 750
51 390

Estimated living cost  is ₴4050 per week

₴2510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27965
₴19307
₴16992
₴24624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 266
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
-
-
-
25 830
Employee
17 957
-
44 728
-
unemployment
179
-
448
-
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.

1 257
-
3 131
-
income
3 091
-
8 038
-
health
252
-
626
-
total
4 779
-
12 243
-
Employer
17 957
-
44 728
-
health
252
-
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.

3 053
-
7 604
-
accident
144
-
358
-
unemployment
179
-
448
-
other
898
-
2 236
-
total
4 526
-
11 272
-
Corporate
33 517
56 000
-
-
income
7 039
11 760
-
-
total
7 039
11 760
-
-
Dividends
26 479
44 240
-
-
withholding
1 854
3 097
-
-
total
1 854
3 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 198
14 857
23 515
25 830
After tax
37 802
41 143
32 485
30 170
Living cost
13 178
13 178
13 178
13 178
Free-cash
24 624
27 965
19 307
16 992

Estimated living cost  is ₴13178 per week

₴9311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7121
₴1428
₴6602
₴2398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 772
pensions
-
-
-
3 807
total
-
-
-
16 579
Employee
46 435
-
49 201
-
pensions
4 480
-
4 811
-
income
8 370
-
9 321
-
health
765
-
822
-
total
13 615
-
14 954
-
Employer
46 435
-
49 201
-
health
882
-
935
-
pensions
5 483
-
5 864
-
total
6 365
-
6 799
-
Corporate
3 201
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.

608
10 640
-
-
total
608
10 640
-
-
Dividends
2 593
45 360
-
-
withholding
195
5 420
-
-
total
195
5 420
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 783
16 060
21 753
16 579
After tax
35 217
39 940
34 247
39 421
Living cost
32 819
32 819
32 819
32 819
Free-cash
2 398
7 121
1 428
6 602

Estimated living cost  is ₴32819 per week

₴24592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴41392
₴38356
₴36497
₴39094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 558
total
-
-
-
13 015
Employee
8 591
-
52 609
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
5 261
-
health
395
-
795
-
total
2 103
-
7 764
-
Employer
8 591
-
52 609
-
health
593
-
1 193
-
pensions

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

947
-
1 905
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
unemployment
51
-
104
-
total
1 686
-
3 392
-
Corporate
45 723
56 000
-
-
income
4 572
5 600
-
-
total
4 572
5 600
-
-
Dividends
41 151
50 400
-
-
withholding
2 057
2 520
-
-
total
2 057
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 418
8 120
11 156
13 015
After tax
45 582
47 880
44 844
42 985
Living cost
6 488
6 488
6 488
6 488
Free-cash
39 094
41 392
38 356
36 497

Estimated living cost  is ₴6488 per week

₴3788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴163
₴1701
₴4526
₴1083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 157
health
-
-
-
6 099
pensions
-
-
-
5 794
total
-
-
-
24 050
Employee
45 852
42 234
47 656
-
pensions
5 794
5 794
5 794
-
income

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

6 913
6 913
6 913
-
health
5 720
5 514
5 823
-
total
18 427
18 221
18 530
-
Employer
45 852
42 234
47 656
-
health
3 186
2 936
3 312
-
pensions
3 191
2 939
3 317
-
unemployment
1 651
1 520
1 716
-
total
8 028
7 395
8 345
-
Corporate
2 120
6 371
-
-
income
424
1 275
-
-
total
424
1 275
-
-
Dividends
1 696
5 096
-
-
income
360
1 083
-
-
withholding
254
765
-
-
total
614
1 848
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 493
28 739
26 875
24 050
After tax
28 507
27 261
29 125
31 950
Living cost
27 424
27 424
27 424
27 424
Free-cash
1 083
-163
1 701
4 526

Estimated living cost  is ₴27424 per week

₴20230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26256
₴16118
₴14975
₴21867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
18 088
-
41 791
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
2 716
-
income
2 171
-
5 015
-
health
2 442
-
5 642
-
total
5 789
-
13 373
-
Employer
18 088
-
41 791
-
health
1 628
-
3 761
-
social contributions
4 522
-
10 448
-
total
6 150
-
14 209
-
Corporate
31 762
56 000
-
-
income
6 035
10 640
-
-
total
6 035
10 640
-
-
Dividends
25 727
45 360
-
-
withholding
3 859
6 804
-
-
total
3 859
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 833
17 444
27 582
28 725
After tax
34 167
38 556
28 418
27 275
Living cost
12 300
12 300
12 300
12 300
Free-cash
21 867
26 256
16 118
14 975

Estimated living cost  is ₴12300 per week

₴8544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9009
₴4748
₴7411
₴6426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 353
total
-
-
-
27 720
Employee
43 954
-
56 000
-
municipal
233
-
297
-
national
7 616
-
10 650
-
regional
415
-
553
-
social contributions
14 821
-
18 883
-
total
23 085
-
30 383
-
Employer
43 954
-
56 000
-
total
-
-
-
-
Corporate
12 046
56 000
-
-
municipal
470
2 184
-
-
nationa
2 892
13 440
-
-
total
3 362
15 624
-
-
Dividends
8 685
40 376
-
-
withholding
2 258
10 498
-
-
total
2 258
10 498
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 705
26 122
30 383
27 720
After tax
27 295
29 878
25 617
28 280
Living cost
20 869
20 869
20 869
20 869
Free-cash
6 426
9 009
4 748
7 411

Estimated living cost  is ₴20869 per week

₴14547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24311
₴16021
₴16940
₴22773
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 375
other
-
-
-
-
surtax
-
-
-
1 482
unemployment
-
-
-
113
health
-
-
-
3 977
pensions
-
-
-
11 200
total
-
-
-
28 147
Employee
16 355
-
46 261
-
other
-
-
-
-
unemployment
1 138
-
3 220
-
pensions
1 091
-
3 086
-
surtax
53
-
1 337
-
income
2 741
-
10 504
-
health
418
-
1 180
-
total
5 441
-
19 327
-
Employer
16 355
-
46 261
-
health
744
-
2 105
-
pensions
2 180
-
6 167
-
unemployment
518
-
1 467
-
other
-
-
-
-
total
3 442
-
9 739
-
Corporate
36 203
56 000
-
-
income
9 412
14 560
-
-
total
9 412
14 560
-
-
Dividends
26 790
41 440
-
-
withholding
4 019
6 216
-
-
total
4 019
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 314
20 776
29 066
28 147
After tax
33 686
35 224
26 934
27 853
Living cost
10 913
10 913
10 913
10 913
Free-cash
22 773
24 311
16 021
16 940

Estimated living cost  is ₴10913 per week

₴6673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
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.
₴2982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17519
₴11826
₴17000
₴15675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 772
pensions
-
-
-
3 807
total
-
-
-
16 579
Employee
31 119
-
49 201
-
pensions
2 641
-
4 811
-
income
5 605
-
9 321
-
health
452
-
822
-
total
8 698
-
14 954
-
Employer
31 119
-
49 201
-
health
591
-
935
-
pensions
3 369
-
5 864
-
total
3 960
-
6 799
-
Corporate
20 921
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.

3 975
10 640
-
-
total
3 975
10 640
-
-
Dividends
16 946
45 360
-
-
withholding
1 271
5 420
-
-
total
1 271
5 420
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 904
16 060
21 753
16 579
After tax
38 096
39 940
34 247
39 421
Living cost
22 421
22 421
22 421
22 421
Free-cash
15 675
17 519
11 826
17 000

Estimated living cost  is ₴22421 per week

₴16798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13881
₴4282
₴7060
₴3017
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 039
health
-
-
-
129
city
-
-
-
590
national
-
-
-
422
pensions
-
-
-
5 152
total
-
-
-
9 452
Employee
46 212
-
50 123
-
unemployment
-
-
-
-
pensions
3 882
-
4 211
-
national
219
-
307
-
regional
1 513
-
1 734
-
city
496
-
539
-
health
104
-
113
-
total
6 214
-
6 904
-
Employer
46 212
-
50 123
-
health
104
-
113
-
pensions
3 882
-
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.

924
-
1 002
-
total
4 910
-
5 326
-
Corporate
4 369
56 000
-
-
regional
924
11 844
-
-
national
371
4 760
-
-
total
1 295
16 604
-
-
Dividends
3 074
39 396
-
-
withholding
1 076
13 789
-
-
total
1 076
13 789
-
-
Income
56 000
56 000
56 000
56 000
Total tax
13 495
30 393
12 230
9 452
After tax
42 505
25 607
43 770
46 548
Living cost
39 488
39 488
39 488
39 488
Free-cash
3 017
-13 881
4 282
7 060

Estimated living cost  is ₴39488 per week

₴25679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5063
₴15343
₴9683
₴13082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
13 860
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.

-
-
-
762
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.

-
-
-
3 379
trade
-
-
-
5 660
total
-
-
-
23 661
Employee

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

29 722
-
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.

192
-
762
-
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.

3 495
-
13 860
-
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.

3 379
-
3 379
-
total
7 066
-
18 001
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 278
56 000
-
-
income
3 942
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.

217
462
-
-
chamber of commerce
112
154
-
-
trade
4 507
9 604
-
-
total
8 778
18 620
-
-
Dividends
17 501
37 381
-
-
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.

230
504
-
-
withholding
4 188
9 157
-
-
total
4 418
9 661
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 262
28 281
18 001
23 661
After tax
35 738
27 719
37 999
32 339
Living cost
22 656
22 656
22 656
22 656
Free-cash
13 082
5 063
15 343
9 683

Estimated living cost  is ₴22656 per week

₴16547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1812
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.
₴4003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11303
₴17296
₴15140
₴14226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 259
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 595
health
-
-
-
1 397
pensions
-
-
-
12 952
total
-
-
-
23 939
Employee
21 166
-
45 047
-
pensions
2 393
-
2 388
-
surtax
-
-
-
-
social contributions
603
-
1 284
-
income
1 249
-
7 160
-
total
4 245
-
10 832
-
Employer
21 166
-
45 047
-
health
1 482
-
3 286
-
pensions
3 477
-
4 152
-
unemployment
857
-
1 824
-
social contributions
64
-
135
-
other
730
-
1 554
-
total
6 610
-
10 951
-
Corporate
28 224
56 000
-
-
income
7 902
15 680
-
-
surtax
-
-
-
-
total
7 902
15 680
-
-
Dividends
20 321
40 320
-
-
surtax
-
-
-
-
social contributions
3 495
6 935
-
-
withholding
2 601
5 161
-
-
total
6 096
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 853
27 776
21 783
23 939
After tax
31 147
28 224
34 217
32 061
Living cost
16 921
16 921
16 921
16 921
Free-cash
14 226
11 303
17 296
15 140

Estimated living cost  is ₴16921 per week

₴10669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
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.
₴4588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12980
₴18973
₴16817
₴15728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 259
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 595
health
-
-
-
1 397
pensions
-
-
-
12 952
total
-
-
-
23 939
Employee
18 894
-
45 047
-
pensions
2 137
-
2 388
-
surtax
-
-
-
-
social contributions
539
-
1 284
-
income
974
-
7 160
-
total
3 650
-
10 832
-
Employer
18 894
-
45 047
-
health
1 322
-
3 286
-
pensions
3 105
-
4 152
-
unemployment
765
-
1 824
-
social contributions
56
-
135
-
other
652
-
1 554
-
total
5 900
-
10 951
-
Corporate
31 205
56 000
-
-
income
8 738
15 680
-
-
surtax
-
-
-
-
total
8 738
15 680
-
-
Dividends
22 468
40 320
-
-
surtax
-
-
-
-
social contributions
3 864
6 935
-
-
withholding
2 876
5 161
-
-
total
6 740
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 028
27 776
21 783
23 939
After tax
30 972
28 224
34 217
32 061
Living cost
15 244
15 244
15 244
15 244
Free-cash
15 728
12 980
18 973
16 817

Estimated living cost  is ₴15244 per week

₴8841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1549
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23677
₴25235
₴25476
₴23934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 769
-
56 000
-
social contributions
2 314
-
7 728
-
income
2 797
-
8 641
-
health
1 170
-
3 909
-
total
6 281
-
20 278
-
Employer
16 769
-
56 000
-
total
-
-
-
-
Corporate
39 231
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%.

1 962
2 800
-
-
total
1 962
2 800
-
-
Dividends
37 270
53 200
-
-
social contributions
5 143
7 342
-
-
withholding
5 591
7 980
-
-
health
2 602
3 714
-
-
total
13 336
19 036
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 579
21 836
20 278
20 037
After tax
34 421
34 164
35 722
35 963
Living cost
10 487
10 487
10 487
10 487
Free-cash
23 934
23 677
25 235
25 476

Estimated living cost  is ₴10487 per week

₴7018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13856
-₴1282
₴10392
₴13090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 183
surtax
-
-
-
98
unemployment
-
-
-
3 033
chamber of commerce
-
-
-
224
health
-
-
-
4 284
pensions
-
-
-
10 360
total
-
-
-
28 182
Employee
24 716
19 709
43 409
-
other
247
197
435
-
unemployment
741
591
1 303
-
pensions
2 531
2 018
4 445
-
income
2 814
1 454
9 017
-
health
956
763
1 680
-
total
7 289
5 023
16 880
-
Employer
24 716
19 709
43 409
-
chamber of commerce
99
79
174
-
health
934
745
1 641
-
pensions
3 102
2 474
5 448
-
accident
321
256
564
-
unemployment
741
591
1 303
-
surtax
98
98
98
-
payroll
741
591
1 303
-
other
1 174
936
2 062
-
total
7 210
5 770
12 593
-
Corporate
24 074
30 521
41 532
-
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.

6 019
7 630
10 383
-
total
6 019
7 630
10 383
-
Dividends
18 056
22 891
-
-
withholding
4 966
6 295
-
-
total
4 966
6 295
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 484
24 718
39 856
28 182
After tax
30 516
31 282
16 144
27 818
Living cost
17 426
17 426
17 426
17 426
Free-cash
13 090
13 856
-1 282
10 392

Estimated living cost  is ₴17426 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
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.
₴4031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13351
₴3407
₴7504
₴5935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 819
social contributions
-
-
-
9 015
national
-
-
-
18 630
total
-
-
-
30 464
Employee

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

35 376
-
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.

308
-
377
-
communal

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

1 845
-
2 263
-
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.

2 653
-
3 253
-
national
10 876
-
14 004
-
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.

1 662
-
2 038
-
total
17 344
-
21 935
-
Employer

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

35 376
-
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.

2 175
-
2 667
-
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.

3 135
-
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.

460
-
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.

516
-
634
-
surtax
4 011
-
4 918
-
total
10 297
-
12 626
-
Corporate
10 326
56 000
-
-
income
2 066
11 200
-
-
surtax
41
224
-
-
total
2 107
11 424
-
-
Dividends
8 219
44 575
-
-
withholding

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

2 285
13 193
-
-
total
2 285
13 193
-
-
Income
56 000
56 000
56 000
56 000
Total tax
32 033
24 617
34 561
30 464
After tax
23 967
31 383
21 439
25 536
Living cost
18 032
18 032
18 032
18 032
Free-cash
5 935
13 351
3 407
7 504

Estimated living cost  is ₴18032 per week

₴11615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
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.
₴4558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19842
₴11226
₴12789
₴15918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
11 598
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
25 350
Employee
24 618
-
42 464
-
other
24
-
42
-
unemployment
382
-
658
-
pensions
1 157
-
1 996
-
income
5 194
-
10 680
-
total
6 757
-
13 376
-
Employer
24 618
-
42 464
-
pensions
5 809
-
10 022
-
accident
487
-
841
-
unemployment
1 354
-
2 335
-
other
196
-
339
-
total
7 846
-
13 537
-
Corporate
23 535
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.

3 530
8 400
-
-
total
3 530
8 400
-
-
Dividends
20 005
47 600
-
-
withholding
4 088
9 897
-
-
total
4 088
9 897
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 221
18 297
26 913
25 350
After tax
33 779
37 703
29 087
30 650
Living cost
17 861
17 861
17 861
17 861
Free-cash
15 918
19 842
11 226
12 789

Estimated living cost  is ₴17861 per week

₴13152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1267
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.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7155
₴6529
₴4230
₴3468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 779
surtax
-
-
-
2 776
health
-
-
-
3 934
pensions
-
-
-
8 394
total
-
-
-
24 894
Employee
37 453
-
50 023
-
pensions
2 996
-
4 002
-
surtax
2 296
-
3 065
-
income
3 618
-
7 326
-
health
1 667
-
2 225
-
total
10 577
-
16 618
-
Employer
37 453
-
50 023
-
health
1 142
-
1 525
-
pensions
2 996
-
4 002
-
accident
337
-
450
-
total
4 475
-
5 977
-
Corporate
14 072
56 000
-
-
communal
-
3 780
-
-
income
2 111
8 400
-
-
surtax
147
588
-
-
total
2 258
12 768
-
-
Dividends
11 814
43 232
-
-
income
6 574
2 716
-
-
withholding
1 772
6 485
-
-
total
8 346
9 201
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 656
21 969
22 595
24 894
After tax
30 344
34 031
33 405
31 106
Living cost
26 876
26 876
26 876
26 876
Free-cash
3 468
7 155
6 529
4 230

Estimated living cost  is ₴26876 per week

₴20161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1628
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.
₴4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24116
₴15826
₴16745
₴22544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 375
other
-
-
-
-
surtax
-
-
-
1 482
unemployment
-
-
-
113
health
-
-
-
3 977
pensions
-
-
-
11 200
total
-
-
-
28 147
Employee
16 655
-
46 261
-
other
-
-
-
-
unemployment
1 159
-
3 220
-
pensions
1 111
-
3 086
-
surtax
59
-
1 337
-
income
2 792
-
10 504
-
health
425
-
1 180
-
total
5 546
-
19 327
-
Employer
16 655
-
46 261
-
health
757
-
2 105
-
pensions
2 221
-
6 167
-
unemployment
528
-
1 467
-
other
-
-
-
-
total
3 506
-
9 739
-
Corporate
35 839
56 000
-
-
income
9 318
14 560
-
-
total
9 318
14 560
-
-
Dividends
26 521
41 440
-
-
withholding
3 978
6 216
-
-
total
3 978
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 348
20 776
29 066
28 147
After tax
33 652
35 224
26 934
27 853
Living cost
11 108
11 108
11 108
11 108
Free-cash
22 544
24 116
15 826
16 745

Estimated living cost  is ₴11108 per week

₴6707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16112
₴12095
₴14744
₴15016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
844
municipal
-
-
-
333
national
-
-
-
12 353
total
-
-
-
27 934
Employee
27 434
-
56 000
-
municipal
145
-
297
-
national
4 346
-
10 650
-
regional
369
-
753
-
social contributions
9 251
-
18 883
-
total
14 111
-
30 583
-
Employer
27 434
-
56 000
-
total
-
-
-
-
Corporate
28 566
56 000
-
-
municipal
1 420
2 784
-
-
nationa
6 856
13 440
-
-
total
8 276
16 224
-
-
Dividends
20 290
39 777
-
-
withholding
5 275
10 342
-
-
total
5 275
10 342
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 662
26 566
30 583
27 934
After tax
28 338
29 434
25 417
28 066
Living cost
13 322
13 322
13 322
13 322
Free-cash
15 016
16 112
12 095
14 744

Estimated living cost  is ₴13322 per week

₴8285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23399
₴13261
₴12118
₴17992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
22 290
-
41 791
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
2 716
-
income
2 675
-
5 015
-
health
3 009
-
5 642
-
total
7 133
-
13 373
-
Employer
22 290
-
41 791
-
health
2 006
-
3 761
-
social contributions
5 572
-
10 448
-
total
7 578
-
14 209
-
Corporate
26 132
56 000
-
-
income
4 965
10 640
-
-
total
4 965
10 640
-
-
Dividends
21 167
45 360
-
-
withholding
3 175
6 804
-
-
total
3 175
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 851
17 444
27 582
28 725
After tax
33 149
38 556
28 418
27 275
Living cost
15 157
15 157
15 157
15 157
Free-cash
17 992
23 399
13 261
12 118

Estimated living cost  is ₴15157 per week

₴11272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15557
₴383
₴12138
₴15311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 183
surtax
-
-
-
-
unemployment
-
-
-
3 033
chamber of commerce
-
-
-
224
health
-
-
-
4 284
pensions
-
-
-
10 360
total
-
-
-
28 084
Employee
21 619
19 709
43 486
-
other
216
197
435
-
unemployment
649
591
1 305
-
pensions
2 214
2 018
4 453
-
income
1 926
1 454
9 044
-
health
836
763
1 683
-
total
5 841
5 023
16 920
-
Employer
21 619
19 709
43 486
-
chamber of commerce
86
79
174
-
health
817
745
1 643
-
pensions
2 713
2 474
5 458
-
accident
281
256
565
-
unemployment
649
591
1 305
-
surtax
-
-
-
-
payroll
649
591
1 305
-
other
1 027
936
2 066
-
total
6 222
5 672
12 516
-
Corporate
28 160
30 619
41 609
-
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.

7 040
7 655
10 403
-
total
7 040
7 655
10 403
-
Dividends
21 120
22 964
-
-
withholding
5 808
6 315
-
-
total
5 808
6 315
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 911
24 665
39 839
28 084
After tax
31 089
31 335
16 161
27 916
Living cost
15 778
15 778
15 778
15 778
Free-cash
15 311
15 557
383
12 138

Estimated living cost  is ₴15778 per week

₴9465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1611
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.
₴4420
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46888
₴38488
₴49128
₴45704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 890
-
56 000
-
income
1 578
-
11 200
-
total
1 578
-
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%.

48 110
56 000
-
-
total
-
-
-
-
Dividends
48 110
56 000
-
-
withholding
2 406
2 800
-
-
total
2 406
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 984
2 800
11 200
560
After tax
52 016
53 200
44 800
55 440
Living cost
6 312
6 312
6 312
6 312
Free-cash
45 704
46 888
38 488
49 128

Estimated living cost  is ₴6312 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25291
₴13815
₴15421
₴21155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 492
unemployment
-
-
-
84
health
-
-
-
5 511
pensions
-
-
-
10 227
total
-
-
-
27 314
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.

21 870
-
48 455
-
unemployment
31
-
68
-
pensions
3 390
-
7 511
-
income
3 771
-
10 665
-
health
1 412
-
3 131
-
total
8 604
-
21 375
-
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.

21 870
-
48 455
-
health
1 457
-
3 228
-
pensions
1 935
-
4 288
-
unemployment
13
-
29
-
total
3 405
-
7 545
-
Corporate
30 725
56 000
-
-
income
5 838
10 640
-
-
total
5 838
10 640
-
-
Dividends
24 888
45 360
-
-
withholding
3 733
6 804
-
-
total
3 733
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 580
17 444
28 920
27 314
After tax
34 420
38 556
27 080
28 686
Living cost
13 265
13 265
13 265
13 265
Free-cash
21 155
25 291
13 815
15 421

Estimated living cost  is ₴13265 per week

₴9104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
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.
₴3055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12677
₴28085
₴17307
-₴17925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 674
-
-
-
social contributions
2 515
-
358
-
income
6 766
-
-
-
total
9 281
-
358
-
Employer
30 674
-
-
-
social contributions
43 251
-
6 164
-
total
43 251
-
6 164
-
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
52 532
21 930
6 522
17 300
After tax
3 468
34 070
49 478
38 700
Living cost
21 393
21 393
21 393
21 393
Free-cash
-17 925
12 677
28 085
17 307

Estimated living cost  is ₴21393 per week

₴13881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴5228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16339
₴12229
₴15492
₴15843
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 535
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
24 995
Employee
22 746
-
45 252
-
surtax
-
-
-
-
social contributions
2 502
-
4 978
-
income
4 731
-
12 533
-
total
7 233
-
17 511
-
Employer
22 746
-
45 252
-
social contributions
5 402
-
10 747
-
total
5 402
-
10 747
-
Corporate
27 852
56 000
-
-
income
5 849
11 760
-
-
surtax
-
-
-
-
total
5 849
11 760
-
-
Dividends
22 003
44 240
-
-
withholding
6 160
12 388
-
-
total
6 160
12 388
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 644
24 148
28 258
24 995
After tax
31 356
31 852
27 742
31 005
Living cost
15 513
15 513
15 513
15 513
Free-cash
15 843
16 339
12 229
15 492

Estimated living cost  is ₴15513 per week

₴11607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4337
₴10330
₴8174
₴7736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 259
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 595
health
-
-
-
1 397
pensions
-
-
-
12 952
total
-
-
-
23 939
Employee
30 975
-
45 047
-
pensions
3 504
-
2 388
-
surtax
-
-
-
-
social contributions
882
-
1 284
-
income
2 703
-
7 160
-
total
7 089
-
10 832
-
Employer
30 975
-
45 047
-
health
2 168
-
3 286
-
pensions
5 090
-
4 152
-
unemployment
1 255
-
1 824
-
social contributions
93
-
135
-
other
1 069
-
1 554
-
total
9 675
-
10 951
-
Corporate
15 350
56 000
-
-
income
4 298
15 680
-
-
surtax
-
-
-
-
total
4 298
15 680
-
-
Dividends
11 052
40 320
-
-
surtax
-
-
-
-
social contributions
1 901
6 935
-
-
withholding
1 414
5 161
-
-
total
3 315
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 377
27 776
21 783
23 939
After tax
31 623
28 224
34 217
32 061
Living cost
23 887
23 887
23 887
23 887
Free-cash
7 736
4 337
10 330
8 174

Estimated living cost  is ₴23887 per week

₴16166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35534
₴28937
₴27449
₴33873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 365
social contributions
-
-
-
12 320
total
-
-
-
13 685
Employee
15 900
-
48 485
-
income
-
-
1 530
-
social contributions
1 033
-
3 152
-
total
1 033
-
4 682
-
Employer
15 900
-
48 485
-
social contributions
2 465
-
7 515
-
total
2 465
-
7 515
-
Corporate
37 636
56 000
-
-
income
3 763
5 600
-
-
total
3 763
5 600
-
-
Dividends
33 872
50 400
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
7 261
5 600
12 197
13 685
After tax
48 739
50 400
43 803
42 315
Living cost
14 866
14 866
14 866
14 866
Free-cash
33 873
35 534
28 937
27 449

Estimated living cost  is ₴14866 per week

₴9612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴51584
-₴51584
₴10561
-₴51584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 745
national
-
-
-
6 040
pensions
-
-
-
428
total
-
-
-
21 659
Employee
100 371
100 371
100 371
-
municipal
21 374
21 374
21 374
-
labour market
8 018
8 018
8 018
-
pensions
143
143
143
-
national
12 262
12 262
12 262
-
total
41 797
41 797
41 797
-
Employer
100 371
100 371
100 371
-
national
12 284
12 284
12 284
-
labour market
8 030
8 030
8 030
-
pensions
285
285
285
-
municipal
21 408
21 408
21 408
-
total
42 007
42 007
42 007
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
83 804
83 804
83 804
21 659
After tax
-27 804
-27 804
-27 804
34 341
Living cost
23 780
23 780
23 780
23 780
Free-cash
-51 584
-51 584
-51 584
10 561

Estimated living cost  is ₴23780 per week

₴16276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6338
₴18407
₴27524
₴2867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
14 108
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
17 602
Employee
17 105
-
48 476
-
pensions
1 926
-
3 827
-
income
2 347
-
9 817
-
health
1 959
-
5 550
-
total
6 232
-
19 194
-
Employer
17 105
-
48 476
-
pensions
2 781
-
5 527
-
accident
286
-
810
-
unemployment
419
-
1 188
-
total
3 486
-
7 525
-
Corporate
35 409
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.

31 868
50 400
-
-
total
31 868
50 400
-
-
Dividends
3 541
5 600
-
-
withholding
673
1 064
-
-
total
673
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 259
51 464
26 719
17 602
After tax
13 741
4 536
29 281
38 398
Living cost
10 874
10 874
10 874
10 874
Free-cash
2 867
-6 338
18 407
27 524

Estimated living cost  is ₴10874 per week

₴7915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17746
₴12366
₴20046
₴17348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
656
municipal
-
-
-
9 961
national
-
-
-
6 349
total
-
-
-
16 966
Employee
26 020
-
47 110
-
municipal
4 262
-
7 687
-
unemployment
390
-
707
-
pensions
1 756
-
3 180
-
national
430
-
3 663
-
health
194
-
519
-
total
7 032
-
15 756
-
Employer
26 020
-
47 110
-
health
200
-
363
-
pensions
4 514
-
8 174
-
accident
26
-
47
-
unemployment
169
-
306
-
total
4 909
-
8 890
-
Corporate
25 071
56 000
-
-
income
5 015
11 200
-
-
total
5 015
11 200
-
-
Dividends

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

15 042
33 600
-
-
municipal
2 708
6 048
-
-
national
-
2 018
-
-
total
2 708
8 066
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 664
19 266
24 646
16 966
After tax
36 336
36 734
31 354
39 034
Living cost
18 988
18 988
18 988
18 988
Free-cash
17 348
17 746
12 366
20 046

Estimated living cost  is ₴18988 per week

₴12403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29505
₴27327
₴27897
₴26812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 223
social contributions
-
-
-
8 002
health
-
-
-
1 428
total
-
-
-
16 653
Employee
38 029
38 029
50 840
-
social contributions
1 438
3 156
4 220
-
income
4 141
3 520
6 979
-
health
295
647
864
-
total
5 874
7 323
12 063
-
Employer
38 029
38 029
50 840
-
health
320
704
940
-
social contributions
1 438
3 156
4 220
-
total
1 758
3 860
5 160
-
Corporate
36 918
14 110
-
-
income
4 615
1 763
-
-
total
4 615
1 763
-
-
Dividends
32 304
12 347
-
-
withholding
5 491
2 099
-
-
total
5 491
2 099
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 738
15 045
17 223
16 653
After tax
38 262
40 955
38 777
39 347
Living cost
11 450
11 450
11 450
11 450
Free-cash
26 812
29 505
27 327
27 897

Estimated living cost  is ₴11450 per week

₴6862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38521
₴27836
₴37757
₴36007
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 441
unemployment
-
-
-
14
health
-
-
-
1 790
pensions
-
-
-
3 146
total
-
-
-
10 391
Employee

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

11 352
-
51 167
-
unemployment
56
-
235
-
pensions
1 702
-
7 039
-
income
776
-
4 215
-
health
965
-
3 989
-
total
3 499
-
15 478
-
Employer

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

11 352
-
51 167
-
health
488
-
2 018
-
pensions
624
-
2 581
-
unemployment
56
-
235
-
total
1 168
-
4 834
-
Corporate
43 480
56 000
-
-
income
3 913
5 040
-
-
total
3 913
5 040
-
-
Dividends
39 567
50 960
-
-
withholding
3 561
4 587
-
-
total
3 561
4 587
-
-
Income
56 000
56 000
56 000
56 000
Total tax
12 141
9 627
20 312
10 391
After tax
43 859
46 373
35 688
45 609
Living cost
7 852
7 852
7 852
7 852
Free-cash
36 007
38 521
27 836
37 757

Estimated living cost  is ₴7852 per week

₴5010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
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.
₴2042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24103
₴15487
₴17050
₴21522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
11 598
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
25 350
Employee
18 287
-
42 464
-
other
18
-
42
-
unemployment
283
-
658
-
pensions
860
-
1 996
-
income
3 526
-
10 680
-
total
4 687
-
13 376
-
Employer
18 287
-
42 464
-
pensions
4 315
-
10 022
-
accident
362
-
841
-
unemployment
1 006
-
2 335
-
other
146
-
339
-
total
5 829
-
13 537
-
Corporate
31 883
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.

4 783
8 400
-
-
total
4 783
8 400
-
-
Dividends
27 100
47 600
-
-
withholding
5 579
9 897
-
-
total
5 579
9 897
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 878
18 297
26 913
25 350
After tax
35 122
37 703
29 087
30 650
Living cost
13 600
13 600
13 600
13 600
Free-cash
21 522
24 103
15 487
17 050

Estimated living cost  is ₴13600 per week

₴9180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33982
₴34806
₴34873
₴33824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 954
health
-
-
-
509
pensions
-
-
-
702
total
-
-
-
20 165
Employee
1 466
-
55 210
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
284
-
18 917
-
health
73
-
175
-
total
504
-
19 443
-
Employer
1 466
-
55 210
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
54 205
56 000
-
-
income
11 925
12 320
-
-
total
11 925
12 320
-
-
Dividends
42 280
43 680
-
-
withholding
8 456
8 736
-
-
total
8 456
8 736
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 214
21 056
20 232
20 165
After tax
34 786
34 944
35 768
35 835
Living cost
962
962
962
962
Free-cash
33 824
33 982
34 806
34 873

Estimated living cost  is ₴962 per week

₴572
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
₴31924
₴21891
₴21893
₴29494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 782
unemployment
-
-
-
547
health
-
-
-
3 757
pensions
-
-
-
9 485
total
-
-
-
25 571
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.

12 872
-
49 470
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
11 782
-
health
663
-
1 879
-
total
4 336
-
19 042
-
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.

12 872
-
49 470
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
40 823
56 000
-
-
income
6 124
8 400
-
-
total
6 124
8 400
-
-
Dividends
34 700
47 600
-
-
withholding
5 205
7 140
-
-
total
5 205
7 140
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 970
15 540
25 573
25 571
After tax
38 030
40 460
30 427
30 429
Living cost
8 536
8 536
8 536
8 536
Free-cash
29 494
31 924
21 891
21 893

Estimated living cost  is ₴8536 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18519
₴14409
₴17672
₴18342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 535
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
24 995
Employee
19 195
-
45 252
-
surtax
-
-
-
-
social contributions
2 112
-
4 978
-
income
3 751
-
12 533
-
total
5 863
-
17 511
-
Employer
19 195
-
45 252
-
social contributions
4 558
-
10 747
-
total
4 558
-
10 747
-
Corporate
32 247
56 000
-
-
income
6 771
11 760
-
-
surtax
-
-
-
-
total
6 771
11 760
-
-
Dividends
25 475
44 240
-
-
withholding
7 133
12 388
-
-
total
7 133
12 388
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 325
24 148
28 258
24 995
After tax
31 675
31 852
27 742
31 005
Living cost
13 333
13 333
13 333
13 333
Free-cash
18 342
18 519
14 409
17 672

Estimated living cost  is ₴13333 per week

₴9443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
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.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20322
₴11706
₴13269
₴16564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
11 598
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
25 350
Employee
23 885
-
42 464
-
other
23
-
42
-
unemployment
370
-
658
-
pensions
1 122
-
1 996
-
income
4 989
-
10 680
-
total
6 504
-
13 376
-
Employer
23 885
-
42 464
-
pensions
5 637
-
10 022
-
accident
473
-
841
-
unemployment
1 314
-
2 335
-
other
191
-
339
-
total
7 615
-
13 537
-
Corporate
24 500
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.

3 675
8 400
-
-
total
3 675
8 400
-
-
Dividends
20 825
47 600
-
-
withholding
4 261
9 897
-
-
total
4 261
9 897
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 055
18 297
26 913
25 350
After tax
33 945
37 703
29 087
30 650
Living cost
17 381
17 381
17 381
17 381
Free-cash
16 564
20 322
11 706
13 269

Estimated living cost  is ₴17381 per week

₴12482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39368
₴36331
₴34472
₴36350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 558
total
-
-
-
13 015
Employee
11 272
-
52 609
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 127
-
5 261
-
health
519
-
795
-
total
2 760
-
7 764
-
Employer
11 272
-
52 609
-
health
778
-
1 193
-
pensions

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

1 242
-
1 905
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 212
-
3 392
-
Corporate
42 517
56 000
-
-
income
4 252
5 600
-
-
total
4 252
5 600
-
-
Dividends
38 265
50 400
-
-
withholding
1 913
2 520
-
-
total
1 913
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
11 137
8 120
11 156
13 015
After tax
44 863
47 880
44 844
42 985
Living cost
8 512
8 512
8 512
8 512
Free-cash
36 350
39 368
36 331
34 472

Estimated living cost  is ₴8512 per week

₴5630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9776
₴18905
₴14168
₴16248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
13 860
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.

-
-
-
762
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.

-
-
-
3 379
trade
-
-
-
4 737
total
-
-
-
22 738
Employee

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

24 607
-
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.

112
-
762
-
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.

2 023
-
13 860
-
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.

3 379
-
3 379
-
total
5 514
-
18 001
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 393
56 000
-
-
income
4 709
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.

259
462
-
-
chamber of commerce
121
157
-
-
trade
4 505
8 036
-
-
total
9 594
17 055
-
-
Dividends
21 799
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.

289
526
-
-
withholding
5 261
9 549
-
-
total
5 550
10 075
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 658
27 130
18 001
22 738
After tax
35 342
28 870
37 999
33 262
Living cost
19 094
19 094
19 094
19 094
Free-cash
16 248
9 776
18 905
14 168

Estimated living cost  is ₴19094 per week

₴13171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴11028
₴8485
₴8485
₴12120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 225
social contributions
-
-
-
5 118
total
-
-
-
19 343
Employee
38 686
-
56 000
-
income
7 300
-
14 225
-
social contributions
3 214
-
5 118
-
total
10 514
-
19 343
-
Employer
38 686
-
56 000
-
total
-
-
-
-
Corporate
17 314
56 000
-
-
income
2 164
7 000
-
-
total
2 164
7 000
-
-
Dividends
15 150
49 000
-
-
withholding
3 030
9 800
-
-
total
3 030
9 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 708
16 800
19 343
19 343
After tax
40 292
39 200
36 657
36 657
Living cost
28 172
28 172
28 172
28 172
Free-cash
12 120
11 028
8 485
8 485

Estimated living cost  is ₴28172 per week

₴21433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15834
₴23276
₴20941
₴17563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
56 000
income
-
-
-
14 078
health

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

-
-
-
3 028
total
-
-
-
17 106
Employee
22 688
-
53 725
-
income
2 462
-
10 221
-
social contributions
2 273
-
2 275
-
total
4 735
-
12 496
-
Employer
22 688
-
53 725
-
social contributions
2 273
-
2 275
-
total
2 273
-
2 275
-
Corporate
31 039
56 000
-
-
income
10 863
19 600
-
-
total
10 863
19 600
-
-
Dividends
20 176
36 400
-
-
social contributions
2 613
2 613
-
-
total
2 613
2 613
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 484
22 213
14 771
17 106
After tax
35 516
33 787
41 229
38 894
Living cost
17 953
17 953
17 953
17 953
Free-cash
17 563
15 834
23 276
20 941

Estimated living cost  is ₴17953 per week

₴11825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21712
₴16019
₴21193
₴20961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 772
pensions
-
-
-
3 807
total
-
-
-
16 579
Employee
25 020
-
49 201
-
pensions
1 910
-
4 811
-
income
4 556
-
9 321
-
health
326
-
822
-
total
6 792
-
14 954
-
Employer
25 020
-
49 201
-
health
476
-
935
-
pensions
2 528
-
5 864
-
total
3 004
-
6 799
-
Corporate
27 976
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.

5 315
10 640
-
-
total
5 315
10 640
-
-
Dividends
22 661
45 360
-
-
withholding
1 700
5 420
-
-
total
1 700
5 420
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 811
16 060
21 753
16 579
After tax
39 189
39 940
34 247
39 421
Living cost
18 228
18 228
18 228
18 228
Free-cash
20 961
21 712
16 019
21 193

Estimated living cost  is ₴18228 per week

₴12504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴7414
₴17331
₴26448
₴2704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
14 108
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
17 602
Employee
18 798
-
48 476
-
pensions
2 117
-
3 827
-
income
2 579
-
9 817
-
health
2 152
-
5 550
-
total
6 848
-
19 194
-
Employer
18 798
-
48 476
-
pensions
3 056
-
5 527
-
accident
314
-
810
-
unemployment
460
-
1 188
-
total
3 830
-
7 525
-
Corporate
33 371
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.

30 034
50 400
-
-
total
30 034
50 400
-
-
Dividends
3 337
5 600
-
-
withholding
634
1 064
-
-
total
634
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 346
51 464
26 719
17 602
After tax
14 654
4 536
29 281
38 398
Living cost
11 950
11 950
11 950
11 950
Free-cash
2 704
-7 414
17 331
26 448

Estimated living cost  is ₴11950 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40454
₴29708
₴25166
₴38529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 764
unemployment
-
-
-
672
work injury
-
-
-
280
health insurance
-
-
-
4 144
pensions
-
-
-
10 304
total
-
-
-
24 164
Employee

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

10 672
-
56 000
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
8 764
-
total
4 002
-
19 622
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 328
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
45 328
55 440
-
-
withholding
6 799
8 316
-
-
total
6 799
8 316
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 801
8 876
19 622
24 164
After tax
45 199
47 124
36 378
31 836
Living cost
6 670
6 670
6 670
6 670
Free-cash
38 529
40 454
29 708
25 166

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴9795
₴5428
₴7989
₴7544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 178
municipal
-
-
-
374
national
-
-
-
12 353
total
-
-
-
28 309
Employee
41 675
-
56 000
-
municipal
249
-
334
-
national
7 043
-
10 650
-
regional
629
-
1 003
-
social contributions
14 053
-
18 883
-
total
21 974
-
30 870
-
Employer
41 675
-
56 000
-
total
-
-
-
-
Corporate
14 325
56 000
-
-
municipal
691
2 699
-
-
nationa
3 438
13 440
-
-
total
4 129
16 139
-
-
Dividends
10 197
39 861
-
-
withholding
2 651
10 364
-
-
total
2 651
10 364
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 754
26 503
30 870
28 309
After tax
27 246
29 497
25 130
27 691
Living cost
19 702
19 702
19 702
19 702
Free-cash
7 544
9 795
5 428
7 989

Estimated living cost  is ₴19702 per week

₴13839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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