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
₴18646
₴13096
₴23866
₴18721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
5 145
income

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

-
-
-
12 799
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.

-
-
-
3 429
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.

-
-
-
704
total
-
-
-
22 077
Employee

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

19 196
-
56 000
-
surtax

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

30
-
704
-
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.

3 429
-
3 429
-
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.

536
-
12 799
-
total
3 995
-
16 932
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 804
56 000
-
-
trade
5 796
8 820
-
-
income
5 520
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.

304
462
-
-
chamber of commerce
130
156
-
-
total
11 750
17 838
-
-
Dividends
25 054
38 161
-
-
withholding
6 073
9 350
-
-
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.

334
514
-
-
total
6 407
9 864
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 152
27 702
16 932
22 077
After tax
33 848
28 298
39 068
33 923
Living cost
15 202
15 202
15 202
15 202
Free-cash
18 646
13 096
23 866
18 721

Estimated living cost  is ₴15202 per week

₴9562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1772
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.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8646
₴9076
₴8221
₴7781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
602
pensions
-
-
-
6 720
municipal
-
-
-
5 895
national
-
-
-
9 134
total
-
-
-
22 351
Employee
40 101
-
48 411
-
national
7 675
-
9 470
-
municipal
4 953
-
6 112
-
pensions
1 604
-
1 936
-
total
14 232
-
17 518
-
Employer
40 101
-
48 411
-
pensions
3 208
-
3 873
-
social contributions
431
-
520
-
total
3 639
-
4 393
-
Corporate
9 614
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%.

1 923
11 200
-
-
total
1 923
11 200
-
-
Dividends
7 691
44 800
-
-
withholding
1 692
9 856
-
-
total
1 692
9 856
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 486
21 056
21 911
22 351
After tax
34 514
34 944
34 089
33 649
Living cost
25 868
25 868
25 868
25 868
Free-cash
8 646
9 076
8 221
7 781

Estimated living cost  is ₴25868 per week

₴17582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5494
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30242
₴34359
₴21058
₴19387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
56 000
social contributions

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

-
-
-
18 004
income
-
-
-
8 168
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
26 172
Employee
14 665
-
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.

1 613
-
4 964
-
income
2 611
-
8 666
-
total
4 224
-
13 630
-
Employer
14 665
-
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.

3 533
-
10 871
-
surtax
-
-
-
-
total
3 533
-
10 871
-
Corporate
37 802
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%.

7 560
11 200
-
-
total
7 560
11 200
-
-
Dividends

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

30 242
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 317
11 200
24 501
26 172
After tax
40 683
44 800
31 499
29 828
Living cost
10 441
10 441
10 441
10 441
Free-cash
30 242
34 359
21 058
19 387

Estimated living cost  is ₴10441 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴994
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.
₴2549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3143
₴6218
₴7868
₴10884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 022
pensions
-
-
-
5 880
health
-
-
-
6 189
total
-
-
-
24 091
Employee
42 859
42 859
47 655
-
health
6 578
5 595
5 869
-
pensions
7 715
5 880
5 880
-
income

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

7 015
7 015
7 015
-
total
21 308
18 490
18 764
-
Employer
42 859
42 859
47 655
-
pensions
2 983
2 983
3 316
-
unemployment
1 543
1 543
1 715
-
health
2 979
2 979
3 312
-
total
7 505
7 505
8 343
-
Corporate
6 162
5 636
-
-
income
1 232
1 128
-
-
total
1 232
1 128
-
-
Dividends
4 929
4 508
-
-
withholding
739
676
-
-
income
1 048
958
-
-
total
1 787
1 634
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 832
28 757
27 107
24 091
After tax
24 168
27 243
28 893
31 909
Living cost
21 025
21 025
21 025
21 025
Free-cash
3 143
6 218
7 868
10 884

Estimated living cost  is ₴21025 per week

₴14900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9304
₴9771
₴9100
₴9226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
5 298
unemployment
-
-
-
46
pensions
-
-
-
4 929
municipal
-
-
-
12 760
accident
-
-
-
91
national
-
-
-
-
health
-
-
-
2 845
total
-
-
-
25 969
Employee
29 646
-
42 611
-
national
-
-
-
-
municipal
8 840
-
12 707
-
total
8 840
-
12 707
-
Employer
29 646
-
42 611
-
other
3 445
-
4 951
-
accident
59
-
85
-
pensions
3 205
-
4 606
-
unemployment
783
-
1 125
-
health
1 823
-
2 621
-
total
9 315
-
13 388
-
Corporate
17 040
56 000
-
-
income
3 749
12 320
-
-
total
3 749
12 320
-
-
Dividends
13 291
43 680
-
-
withholding
3 987
13 104
-
-
total
3 987
13 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 891
25 424
26 095
25 969
After tax
30 109
30 576
29 905
30 031
Living cost
20 805
20 805
20 805
20 805
Free-cash
9 304
9 771
9 100
9 226

Estimated living cost  is ₴20805 per week

₴13789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15345
₴8293
₴19352
₴13978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
5 374
income

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

-
-
-
12 799
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.

-
-
-
3 429
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.

-
-
-
704
total
-
-
-
22 306
Employee

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

25 452
-
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.

120
-
704
-
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.

3 429
-
3 429
-
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.

2 187
-
12 799
-
total
5 736
-
16 932
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 548
56 000
-
-
trade
5 025
9 212
-
-
income
4 582
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.

252
462
-
-
chamber of commerce
120
156
-
-
total
9 979
18 230
-
-
Dividends
20 569
37 770
-
-
withholding
4 952
9 252
-
-
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.

272
509
-
-
total
5 224
9 761
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 939
27 991
16 932
22 306
After tax
35 061
28 009
39 068
33 694
Living cost
19 716
19 716
19 716
19 716
Free-cash
15 345
8 293
19 352
13 978

Estimated living cost  is ₴19716 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22597
₴24678
₴22600
₴23085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
8 120
income
-
-
-
7 088
health
-
-
-
1 428
total
-
-
-
16 636
Employee
38 593
38 593
50 839
-
health
384
656
864
-
social contributions
1 875
3 203
4 219
-
income
4 053
3 573
6 878
-
total
6 312
7 432
11 961
-
Employer
38 593
38 593
50 839
-
social contributions
1 875
3 203
4 219
-
health
418
714
941
-
total
2 293
3 917
5 160
-
Corporate
31 116
13 490
-
-
income
3 890
1 687
-
-
total
3 890
1 687
-
-
Dividends
27 227
11 803
-
-
withholding
4 629
2 007
-
-
total
4 629
2 007
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 124
15 043
17 121
16 636
After tax
38 876
40 957
38 879
39 364
Living cost
16 279
16 279
16 279
16 279
Free-cash
22 597
24 678
22 600
23 085

Estimated living cost  is ₴16279 per week

₴11128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1271
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.
₴3606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22438
₴22246
₴23179
₴29509
S + D Salary + Dividends

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

Dividends

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

Salary

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

13 403
5 334
46 862
-
unemployment
201
80
703
-
health
938
373
3 280
-
pensions
1 340
533
4 686
-
income
1 639
652
5 729
-
total
4 118
1 638
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.

13 403
5 334
46 862
-
pensions
2 614
1 040
9 138
-
total
2 614
1 040
9 138
-
Corporate
39 983
49 625
-
-
income
3 598
4 466
-
-
total
3 598
4 466
-
-
Dividends
36 384
45 159
-
-
withholding
6 913
8 580
-
-
social contributions
7 034
8 745
-
-
total
13 947
17 325
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 277
24 469
23 536
17 206
After tax
31 723
31 531
32 464
38 794
Living cost
9 285
9 285
9 285
9 285
Free-cash
22 438
22 246
23 179
29 509

Estimated living cost  is ₴9285 per week

₴6336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29559
₴32678
₴20155
₴17894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
7 504
pensions
-
-
-
11 200
health
-
-
-
7 280
total
-
-
-
25 984
Employee
14 238
-
41 853
-
unemployment
228
-
670
-
pensions
285
-
837
-
income
1 603
-
8 069
-
total
2 116
-
9 576
-
Employer
14 238
-
41 853
-
pensions
2 848
-
8 371
-
unemployment
114
-
335
-
health
1 851
-
5 441
-
total
4 813
-
14 147
-
Corporate
36 950
56 000
-
-
income
7 390
11 200
-
-
total
7 390
11 200
-
-
Dividends
29 560
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
14 319
11 200
23 723
25 984
After tax
41 681
44 800
32 277
30 016
Living cost
12 122
12 122
12 122
12 122
Free-cash
29 559
32 678
20 155
17 894

Estimated living cost  is ₴12122 per week

₴8315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2802
-₴6765
₴17906
₴27106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
14 016
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
17 593
Employee
17 778
-
48 348
-
health
2 036
-
5 536
-
pensions
2 002
-
3 919
-
income
2 439
-
9 687
-
total
6 477
-
19 142
-
Employer
17 778
-
48 348
-
accident
297
-
807
-
pensions
2 891
-
5 659
-
unemployment
436
-
1 185
-
total
3 624
-
7 651
-
Corporate
34 599
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.

31 139
50 400
-
-
total
31 139
50 400
-
-
Dividends
3 460
5 600
-
-
withholding
657
1 064
-
-
total
657
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 897
51 464
26 793
17 593
After tax
14 103
4 536
29 207
38 407
Living cost
11 301
11 301
11 301
11 301
Free-cash
2 802
-6 765
17 906
27 106

Estimated living cost  is ₴11301 per week

₴8283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48307
₴49079
₴40679
₴51319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 151
-
56 000
-
income
1 030
-
11 200
-
total
1 030
-
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%.

50 849
56 000
-
-
total
-
-
-
-
Dividends
50 849
56 000
-
-
withholding
2 542
2 800
-
-
total
2 542
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 572
2 800
11 200
560
After tax
52 428
53 200
44 800
55 440
Living cost
4 121
4 121
4 121
4 121
Free-cash
48 307
49 079
40 679
51 319

Estimated living cost  is ₴4121 per week

₴2554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24382
₴27770
₴19142
₴16826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
2 660
income
-
-
-
7 236
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.

-
-
-
13 441
health
-
-
-
2 464
total
-
-
-
25 801
Employee
18 223
-
44 728
-
unemployment
182
-
448
-
health
255
-
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.

1 275
-
3 132
-
income
3 137
-
8 007
-
total
4 849
-
12 213
-
Employer
18 223
-
44 728
-
other
911
-
2 236
-
accident
146
-
358
-
pensions

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

3 098
-
7 604
-
unemployment
182
-
448
-
health
255
-
626
-
total
4 592
-
11 272
-
Corporate
33 185
56 000
-
-
income
6 969
11 760
-
-
total
6 969
11 760
-
-
Dividends
26 216
44 240
-
-
withholding
1 835
3 097
-
-
total
1 835
3 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 245
14 857
23 485
25 801
After tax
37 755
41 143
32 515
30 199
Living cost
13 373
13 373
13 373
13 373
Free-cash
24 382
27 770
19 142
16 826

Estimated living cost  is ₴13373 per week

₴9449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2137
₴6965
₴1272
₴6428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 712
pensions
-
-
-
3 824
total
-
-
-
16 536
Employee
46 741
-
49 206
-
health
770
-
821
-
pensions
4 509
-
4 805
-
income
8 426
-
9 273
-
total
13 705
-
14 899
-
Employer
46 741
-
49 206
-
pensions
5 519
-
5 859
-
health
888
-
934
-
total
6 407
-
6 793
-
Corporate
2 852
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.

542
10 640
-
-
total
542
10 640
-
-
Dividends
2 311
45 360
-
-
withholding
173
5 359
-
-
total
173
5 359
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 827
15 999
21 692
16 536
After tax
35 173
40 001
34 308
39 464
Living cost
33 036
33 036
33 036
33 036
Free-cash
2 137
6 965
1 272
6 428

Estimated living cost  is ₴33036 per week

₴24755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3882
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.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴38972
₴41303
₴38191
₴36345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
8 400
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
13 078
Employee
8 709
-
52 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
806
-
pensions

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

765
-
1 539
-
income
871
-
5 256
-
total
2 133
-
7 794
-
Employer
8 709
-
52 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

960
-
1 931
-
unemployment
52
-
105
-
health
601
-
1 209
-
total
1 709
-
3 438
-
Corporate
45 582
56 000
-
-
income
4 558
5 600
-
-
total
4 558
5 600
-
-
Dividends
41 024
50 400
-
-
withholding
2 051
2 520
-
-
total
2 051
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 451
8 120
11 232
13 078
After tax
45 549
47 880
44 768
42 922
Living cost
6 577
6 577
6 577
6 577
Free-cash
38 972
41 303
38 191
36 345

Estimated living cost  is ₴6577 per week

₴3840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴675
-₴587
₴1063
₴4079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 022
pensions
-
-
-
5 880
health
-
-
-
6 189
total
-
-
-
24 091
Employee
46 531
42 859
47 655
-
health
5 805
5 595
5 869
-
pensions
5 880
5 880
5 880
-
income

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

7 015
7 015
7 015
-
total
18 700
18 490
18 764
-
Employer
46 531
42 859
47 655
-
pensions
3 238
2 983
3 316
-
unemployment
1 675
1 543
1 715
-
health
3 233
2 979
3 312
-
total
8 146
7 505
8 343
-
Corporate
1 322
5 636
-
-
income
265
1 128
-
-
total
265
1 128
-
-
Dividends
1 057
4 508
-
-
withholding
159
676
-
-
income
225
958
-
-
total
384
1 634
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 495
28 757
27 107
24 091
After tax
28 505
27 243
28 893
31 909
Living cost
27 830
27 830
27 830
27 830
Free-cash
675
-587
1 063
4 079

Estimated living cost  is ₴27830 per week

₴20529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21646
₴26092
₴15954
₴14811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
16 352
income
-
-
-
4 813
health
-
-
-
7 560
solidarity contribution
-
-
-
-
total
-
-
-
28 725
Employee
18 329
-
41 791
-
solidarity contribution
-
-
-
-
health
2 474
-
5 642
-
social contributions
1 191
-
2 716
-
income
2 200
-
5 015
-
total
5 865
-
13 373
-
Employer
18 329
-
41 791
-
social contributions
4 582
-
10 448
-
health
1 650
-
3 761
-
total
6 232
-
14 209
-
Corporate
31 439
56 000
-
-
income
5 973
10 640
-
-
total
5 973
10 640
-
-
Dividends
25 465
45 360
-
-
withholding
3 820
6 804
-
-
total
3 820
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 890
17 444
27 582
28 725
After tax
34 110
38 556
28 418
27 275
Living cost
12 464
12 464
12 464
12 464
Free-cash
21 646
26 092
15 954
14 811

Estimated living cost  is ₴12464 per week

₴8658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
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.
₴2675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6079
₴8700
₴4491
₴7157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
629
social contributions
-
-
-
14 403
municipal
-
-
-
332
national
-
-
-
12 301
total
-
-
-
27 665
Employee
44 604
-
56 000
-
national
7 729
-
10 599
-
regional
421
-
551
-
municipal
236
-
297
-
social contributions
15 041
-
18 884
-
total
23 427
-
30 331
-
Employer
44 604
-
56 000
-
total
-
-
-
-
Corporate
11 396
56 000
-
-
nationa
2 735
13 440
-
-
municipal
445
2 184
-
-
total
3 180
15 624
-
-
Dividends
8 215
40 376
-
-
withholding
2 136
10 498
-
-
total
2 136
10 498
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 743
26 122
30 331
27 665
After tax
27 257
29 878
25 669
28 335
Living cost
21 178
21 178
21 178
21 178
Free-cash
6 079
8 700
4 491
7 157

Estimated living cost  is ₴21178 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22587
₴24149
₴15986
₴16905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
11 272
pensions
-
-
-
11 200
health
-
-
-
3 975
surtax
-
-
-
1 459
total
-
-
-
28 020
Employee
16 597
-
46 262
-
surtax
54
-
1 314
-
unemployment
1 155
-
3 220
-
other
-
-
-
-
health
424
-
1 179
-
pensions
1 107
-
3 086
-
income
2 782
-
10 401
-
total
5 522
-
19 200
-
Employer
16 597
-
46 262
-
other
-
-
-
-
pensions
2 212
-
6 167
-
unemployment
526
-
1 467
-
health
755
-
2 105
-
total
3 493
-
9 739
-
Corporate
35 909
56 000
-
-
income
9 337
14 560
-
-
total
9 337
14 560
-
-
Dividends
26 573
41 440
-
-
withholding
3 986
6 216
-
-
total
3 986
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 338
20 776
28 939
28 020
After tax
33 662
35 224
27 061
27 980
Living cost
11 075
11 075
11 075
11 075
Free-cash
22 587
24 149
15 986
16 905

Estimated living cost  is ₴11075 per week

₴6772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15503
₴17432
₴11739
₴16895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 712
pensions
-
-
-
3 824
total
-
-
-
16 536
Employee
31 325
-
49 206
-
health
455
-
821
-
pensions
2 659
-
4 805
-
income
5 642
-
9 273
-
total
8 756
-
14 899
-
Employer
31 325
-
49 206
-
pensions
3 391
-
5 859
-
health
595
-
934
-
total
3 986
-
6 793
-
Corporate
20 689
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.

3 930
10 640
-
-
total
3 930
10 640
-
-
Dividends
16 759
45 360
-
-
withholding
1 256
5 359
-
-
total
1 256
5 359
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 928
15 999
21 692
16 536
After tax
38 072
40 001
34 308
39 464
Living cost
22 569
22 569
22 569
22 569
Free-cash
15 503
17 432
11 739
16 895

Estimated living cost  is ₴22569 per week

₴16909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴2840
-₴14190
₴3994
₴6768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
590
regional
-
-
-
2 028
pensions
-
-
-
5 152
national
-
-
-
415
health
-
-
-
130
total
-
-
-
9 435
Employee
46 573
-
50 124
-
national
220
-
300
-
unemployment
-
-
-
-
city
500
-
539
-
regional
1 525
-
1 723
-
health
105
-
112
-
pensions
3 913
-
4 210
-
total
6 263
-
6 884
-
Employer
46 573
-
50 124
-
other

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

931
-
1 003
-
pensions
3 913
-
4 210
-
unemployment
-
-
-
-
health
105
-
112
-
total
4 949
-
5 325
-
Corporate
3 965
56 000
-
-
regional
838
11 844
-
-
national
337
4 760
-
-
total
1 175
16 604
-
-
Dividends
2 790
39 396
-
-
withholding
976
13 789
-
-
total
976
13 789
-
-
Income
56 000
56 000
56 000
56 000
Total tax
13 363
30 393
12 209
9 435
After tax
42 637
25 607
43 791
46 565
Living cost
39 797
39 797
39 797
39 797
Free-cash
2 840
-14 190
3 994
6 768

Estimated living cost  is ₴39797 per week

₴25880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12868
₴4729
₴16076
₴10474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
5 602
income

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

-
-
-
12 799
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.

-
-
-
3 429
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.

-
-
-
704
total
-
-
-
22 534
Employee

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

30 162
-
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.

195
-
704
-
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.

3 429
-
3 429
-
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.

3 547
-
12 799
-
total
7 171
-
16 932
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 838
56 000
-
-
trade
4 432
9 604
-
-
income
3 875
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.

213
462
-
-
chamber of commerce
112
155
-
-
total
8 632
18 621
-
-
Dividends
17 205
37 378
-
-
withholding
4 111
9 154
-
-
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.

226
504
-
-
total
4 337
9 658
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 140
28 279
16 932
22 534
After tax
35 860
27 721
39 068
33 466
Living cost
22 992
22 992
22 992
22 992
Free-cash
12 868
4 729
16 076
10 474

Estimated living cost  is ₴22992 per week

₴16792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4062
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14017
₴11052
₴17186
₴14913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 595
income
-
-
-
6 155
pensions
-
-
-
13 074
health
-
-
-
1 356
surtax
-
-
-
-
total
-
-
-
23 916
Employee
21 480
-
45 110
-
surtax
-
-
-
-
pensions
2 429
-
2 361
-
social contributions
612
-
1 286
-
income
1 268
-
7 107
-
total
4 309
-
10 754
-
Employer
21 480
-
45 110
-
other
741
-
1 556
-
pensions
3 529
-
4 115
-
unemployment
870
-
1 827
-
social contributions
65
-
135
-
health
1 504
-
3 256
-
total
6 709
-
10 889
-
Corporate
27 812
56 000
-
-
income
7 787
15 680
-
-
surtax
-
-
-
-
total
7 787
15 680
-
-
Dividends
20 025
40 320
-
-
withholding
2 563
5 161
-
-
social contributions
3 444
6 936
-
-
surtax
-
-
-
-
total
6 007
12 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 812
27 777
21 643
23 916
After tax
31 188
28 223
34 357
32 084
Living cost
17 171
17 171
17 171
17 171
Free-cash
14 017
11 052
17 186
14 913

Estimated living cost  is ₴17171 per week

₴10827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15541
₴12753
₴18887
₴16614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 595
income
-
-
-
6 155
pensions
-
-
-
13 074
health
-
-
-
1 356
surtax
-
-
-
-
total
-
-
-
23 916
Employee
19 174
-
45 110
-
surtax
-
-
-
-
pensions
2 169
-
2 361
-
social contributions
547
-
1 286
-
income
989
-
7 107
-
total
3 705
-
10 754
-
Employer
19 174
-
45 110
-
other
662
-
1 556
-
pensions
3 151
-
4 115
-
unemployment
776
-
1 827
-
social contributions
57
-
135
-
health
1 342
-
3 256
-
total
5 988
-
10 889
-
Corporate
30 838
56 000
-
-
income
8 635
15 680
-
-
surtax
-
-
-
-
total
8 635
15 680
-
-
Dividends
22 204
40 320
-
-
withholding
2 842
5 161
-
-
social contributions
3 819
6 936
-
-
surtax
-
-
-
-
total
6 661
12 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 989
27 777
21 643
23 916
After tax
31 011
28 223
34 357
32 084
Living cost
15 470
15 470
15 470
15 470
Free-cash
15 541
12 753
18 887
16 614

Estimated living cost  is ₴15470 per week

₴8972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23782
₴23524
₴25118
₴25321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
7 728
income
-
-
-
8 400
health
-
-
-
3 909
total
-
-
-
20 037
Employee
17 017
-
56 000
-
health
1 188
-
3 909
-
social contributions
2 349
-
7 728
-
income
2 838
-
8 603
-
total
6 375
-
20 240
-
Employer
17 017
-
56 000
-
total
-
-
-
-
Corporate
38 983
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%.

1 950
2 800
-
-
total
1 950
2 800
-
-
Dividends
37 034
53 200
-
-
health
2 585
3 713
-
-
withholding
5 555
7 980
-
-
social contributions
5 111
7 341
-
-
total
13 251
19 034
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 576
21 834
20 240
20 037
After tax
34 424
34 166
35 760
35 963
Living cost
10 642
10 642
10 642
10 642
Free-cash
23 782
23 524
25 118
25 321

Estimated living cost  is ₴10642 per week

₴7122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴12835
₴13610
-₴1441
₴10194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
224
unemployment
-
-
-
3 078
income
-
-
-
10 077
pensions
-
-
-
10 360
health
-
-
-
4 284
surtax
-
-
-
99
total
-
-
-
28 122
Employee
25 082
20 001
43 408
-
unemployment
752
600
1 302
-
other
250
200
434
-
health
971
774
1 680
-
pensions
2 569
2 048
4 445
-
income
2 855
1 475
8 929
-
total
7 397
5 097
16 790
-
Employer
25 082
20 001
43 408
-
payroll
752
600
1 302
-
other
1 191
950
2 061
-
accident
326
260
564
-
pensions
3 148
2 511
5 448
-
unemployment
752
600
1 302
-
chamber of commerce
100
80
173
-
surtax
99
99
99
-
health
948
756
1 641
-
total
7 316
5 856
12 590
-
Corporate
23 602
30 144
41 505
-
income

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

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

5 900
7 536
10 377
-
total
5 900
7 536
10 377
-
Dividends
17 701
22 608
-
-
withholding
4 868
6 217
-
-
total
4 868
6 217
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 481
24 706
39 757
28 122
After tax
30 519
31 294
16 243
27 878
Living cost
17 684
17 684
17 684
17 684
Free-cash
12 835
13 610
-1 441
10 194

Estimated living cost  is ₴17684 per week

₴11795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
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.
₴4091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5559
₴13087
₴3184
₴7302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 031
national
-
-
-
18 550
communal

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

-
-
-
2 818
total
-
-
-
30 399
Employee

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

35 900
-
43 374
-
national
11 037
-
13 960
-
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.

312
-
377
-
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.

1 687
-
2 039
-
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.

2 692
-
3 253
-
communal

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

1 872
-
2 262
-
total
17 600
-
21 891
-
Employer

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

35 900
-
43 374
-
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.

467
-
564
-
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.

3 181
-
3 843
-
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.

524
-
633
-
surtax
4 071
-
4 918
-
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.

2 208
-
2 668
-
total
10 451
-
12 626
-
Corporate
9 650
56 000
-
-
income
1 930
11 200
-
-
surtax
39
224
-
-
total
1 969
11 424
-
-
Dividends
7 681
44 576
-
-
withholding

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

2 122
13 190
-
-
total
2 122
13 190
-
-
Income
56 000
56 000
56 000
56 000
Total tax
32 142
24 614
34 517
30 399
After tax
23 858
31 386
21 483
25 601
Living cost
18 299
18 299
18 299
18 299
Free-cash
5 559
13 087
3 184
7 302

Estimated living cost  is ₴18299 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15596
₴19594
₴11023
₴12457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
11 462
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
25 418
Employee
24 983
-
42 462
-
unemployment
388
-
658
-
other
25
-
43
-
pensions
1 174
-
1 995
-
income
5 271
-
10 619
-
total
6 858
-
13 315
-
Employer
24 983
-
42 462
-
other
199
-
340
-
accident
494
-
841
-
pensions
5 895
-
10 021
-
unemployment
1 374
-
2 335
-
total
7 962
-
13 537
-
Corporate
23 054
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.

3 458
8 400
-
-
total
3 458
8 400
-
-
Dividends
19 596
47 600
-
-
withholding
4 001
9 881
-
-
total
4 001
9 881
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 279
18 281
26 852
25 418
After tax
33 721
37 719
29 148
30 582
Living cost
18 125
18 125
18 125
18 125
Free-cash
15 596
19 594
11 023
12 457

Estimated living cost  is ₴18125 per week

₴13347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3090
₴6790
₴6273
₴3951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 660
pensions
-
-
-
8 394
accident
-
-
-
472
communal
-
-
-
3 539
health
-
-
-
3 934
surtax
-
-
-
2 776
total
-
-
-
24 775
Employee
38 007
-
50 022
-
surtax
2 330
-
3 066
-
health
1 691
-
2 226
-
pensions
3 040
-
4 002
-
income
3 671
-
7 181
-
total
10 732
-
16 475
-
Employer
38 007
-
50 022
-
accident
342
-
450
-
pensions
3 040
-
4 002
-
health
1 159
-
1 526
-
total
4 541
-
5 978
-
Corporate
13 452
56 000
-
-
income
2 018
8 400
-
-
communal
-
3 780
-
-
surtax
141
588
-
-
total
2 159
12 768
-
-
Dividends
11 292
43 232
-
-
withholding
1 693
6 485
-
-
income
6 511
2 683
-
-
total
8 204
9 168
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 636
21 936
22 453
24 775
After tax
30 364
34 064
33 547
31 225
Living cost
27 274
27 274
27 274
27 274
Free-cash
3 090
6 790
6 273
3 951

Estimated living cost  is ₴27274 per week

₴20460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1652
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.
₴4873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22356
₴23951
₴15788
₴16707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
11 272
pensions
-
-
-
11 200
health
-
-
-
3 975
surtax
-
-
-
1 459
total
-
-
-
28 020
Employee
16 902
-
46 262
-
surtax
60
-
1 314
-
unemployment
1 176
-
3 220
-
other
-
-
-
-
health
431
-
1 179
-
pensions
1 128
-
3 086
-
income
2 833
-
10 401
-
total
5 628
-
19 200
-
Employer
16 902
-
46 262
-
other
-
-
-
-
pensions
2 253
-
6 167
-
unemployment
536
-
1 467
-
health
769
-
2 105
-
total
3 558
-
9 739
-
Corporate
35 540
56 000
-
-
income
9 240
14 560
-
-
total
9 240
14 560
-
-
Dividends
26 300
41 440
-
-
withholding
3 945
6 216
-
-
total
3 945
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 371
20 776
28 939
28 020
After tax
33 629
35 224
27 061
27 980
Living cost
11 273
11 273
11 273
11 273
Free-cash
22 356
23 951
15 788
16 707

Estimated living cost  is ₴11273 per week

₴6806
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.
₴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.
₴3226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14801
₴15915
₴11946
₴14600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
844
social contributions
-
-
-
14 403
municipal
-
-
-
332
national
-
-
-
12 301
total
-
-
-
27 880
Employee
27 840
-
56 000
-
national
4 411
-
10 599
-
regional
375
-
754
-
municipal
148
-
297
-
social contributions
9 388
-
18 884
-
total
14 322
-
30 534
-
Employer
27 840
-
56 000
-
total
-
-
-
-
Corporate
28 160
56 000
-
-
nationa
6 758
13 440
-
-
municipal
1 399
2 783
-
-
total
8 157
16 223
-
-
Dividends
20 002
39 777
-
-
withholding
5 200
10 342
-
-
total
5 200
10 342
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 679
26 565
30 534
27 880
After tax
28 321
29 435
25 466
28 120
Living cost
13 520
13 520
13 520
13 520
Free-cash
14 801
15 915
11 946
14 600

Estimated living cost  is ₴13520 per week

₴8408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17717
₴23197
₴13059
₴11916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
16 352
income
-
-
-
4 813
health
-
-
-
7 560
solidarity contribution
-
-
-
-
total
-
-
-
28 725
Employee
22 586
-
41 791
-
solidarity contribution
-
-
-
-
health
3 049
-
5 642
-
social contributions
1 468
-
2 716
-
income
2 710
-
5 015
-
total
7 227
-
13 373
-
Employer
22 586
-
41 791
-
social contributions
5 647
-
10 448
-
health
2 033
-
3 761
-
total
7 680
-
14 209
-
Corporate
25 734
56 000
-
-
income
4 890
10 640
-
-
total
4 890
10 640
-
-
Dividends
20 845
45 360
-
-
withholding
3 127
6 804
-
-
total
3 127
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 924
17 444
27 582
28 725
After tax
33 076
38 556
28 418
27 275
Living cost
15 359
15 359
15 359
15 359
Free-cash
17 717
23 197
13 059
11 916

Estimated living cost  is ₴15359 per week

₴11422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15088
₴15337
₴245
₴11965
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
224
unemployment
-
-
-
3 078
income
-
-
-
10 077
pensions
-
-
-
10 360
health
-
-
-
4 284
surtax
-
-
-
-
total
-
-
-
28 023
Employee
21 939
20 001
43 483
-
unemployment
658
600
1 305
-
other
219
200
435
-
health
849
774
1 683
-
pensions
2 247
2 048
4 453
-
income
1 954
1 475
8 955
-
total
5 927
5 097
16 831
-
Employer
21 939
20 001
43 483
-
payroll
658
600
1 305
-
other
1 042
950
2 066
-
accident
285
260
566
-
pensions
2 753
2 511
5 457
-
unemployment
658
600
1 305
-
chamber of commerce
88
80
174
-
surtax
-
-
-
-
health
830
756
1 644
-
total
6 314
5 757
12 517
-
Corporate
27 748
30 243
41 578
-
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.

6 936
7 560
10 395
-
total
6 936
7 560
10 395
-
Dividends
20 811
22 682
-
-
withholding
5 723
6 237
-
-
total
5 723
6 237
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 900
24 651
39 743
28 023
After tax
31 100
31 349
16 257
27 977
Living cost
16 012
16 012
16 012
16 012
Free-cash
15 088
15 337
245
11 965

Estimated living cost  is ₴16012 per week

₴9605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45575
₴46779
₴38379
₴49019
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
56 000
microenterprise

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

-
-
-
560
total
-
-
-
560
Employee
8 027
-
56 000
-
income
1 605
-
11 200
-
total
1 605
-
11 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

47 973
56 000
-
-
total
-
-
-
-
Dividends
47 973
56 000
-
-
withholding
2 399
2 800
-
-
total
2 399
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
4 004
2 800
11 200
560
After tax
51 996
53 200
44 800
55 440
Living cost
6 421
6 421
6 421
6 421
Free-cash
45 575
46 779
38 379
49 019

Estimated living cost  is ₴6421 per week

₴4345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴270
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20897
₴25094
₴13651
₴15257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
84
income
-
-
-
11 460
pensions
-
-
-
10 227
health
-
-
-
5 510
total
-
-
-
27 281
Employee

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

22 193
-
48 454
-
unemployment
31
-
68
-
health
1 433
-
3 131
-
pensions
3 440
-
7 511
-
income
3 827
-
10 632
-
total
8 731
-
21 342
-
Employer

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

22 193
-
48 454
-
pensions
1 964
-
4 288
-
unemployment
13
-
30
-
health
1 478
-
3 227
-
total
3 455
-
7 545
-
Corporate
30 351
56 000
-
-
income
5 767
10 640
-
-
total
5 767
10 640
-
-
Dividends
24 584
45 360
-
-
withholding
3 688
6 804
-
-
total
3 688
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 641
17 444
28 887
27 281
After tax
34 359
38 556
27 113
28 719
Living cost
13 462
13 462
13 462
13 462
Free-cash
20 897
25 094
13 651
15 257

Estimated living cost  is ₴13462 per week

₴9238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18122
₴12620
₴28011
₴17251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
6 384
income
-
-
-
10 915
total
-
-
-
17 299
Employee
30 756
-
-
-
social contributions
2 522
-
359
-
income
6 784
-
-
-
total
9 306
-
359
-
Employer
30 756
-
-
-
social contributions
43 366
-
6 180
-
total
43 366
-
6 180
-
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
52 672
21 930
6 539
17 299
After tax
3 328
34 070
49 461
38 701
Living cost
21 450
21 450
21 450
21 450
Free-cash
-18 122
12 620
28 011
17 251

Estimated living cost  is ₴21450 per week

₴13917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2017
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.
₴5242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15605
₴16110
₴12082
₴15297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
56 000
social contributions

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

-
-
-
19 460
income
-
-
-
5 500
surtax
-
-
-
-
total
-
-
-
24 960
Employee
23 083
-
45 253
-
surtax
-
-
-
-
social contributions
2 539
-
4 977
-
income
4 801
-
12 451
-
total
7 340
-
17 428
-
Employer
23 083
-
45 253
-
social contributions
5 482
-
10 747
-
total
5 482
-
10 747
-
Corporate
27 435
56 000
-
-
income
5 761
11 760
-
-
surtax
-
-
-
-
total
5 761
11 760
-
-
Dividends
21 674
44 240
-
-
withholding
6 069
12 387
-
-
total
6 069
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 652
24 147
28 175
24 960
After tax
31 348
31 853
27 825
31 040
Living cost
15 742
15 742
15 742
15 742
Free-cash
15 605
16 110
12 082
15 297

Estimated living cost  is ₴15742 per week

₴11779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7434
₴3983
₴10117
₴7844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 595
income
-
-
-
6 155
pensions
-
-
-
13 074
health
-
-
-
1 356
surtax
-
-
-
-
total
-
-
-
23 916
Employee
31 434
-
45 110
-
surtax
-
-
-
-
pensions
3 555
-
2 361
-
social contributions
895
-
1 286
-
income
2 743
-
7 107
-
total
7 193
-
10 754
-
Employer
31 434
-
45 110
-
other
1 085
-
1 556
-
pensions
5 165
-
4 115
-
unemployment
1 273
-
1 827
-
social contributions
94
-
135
-
health
2 200
-
3 256
-
total
9 817
-
10 889
-
Corporate
14 748
56 000
-
-
income
4 130
15 680
-
-
surtax
-
-
-
-
total
4 130
15 680
-
-
Dividends
10 619
40 320
-
-
withholding
1 359
5 161
-
-
social contributions
1 827
6 936
-
-
surtax
-
-
-
-
total
3 186
12 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 326
27 777
21 643
23 916
After tax
31 674
28 223
34 357
32 084
Living cost
24 240
24 240
24 240
24 240
Free-cash
7 434
3 983
10 117
7 844

Estimated living cost  is ₴24240 per week

₴16405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1983
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33628
₴35314
₴28761
₴27273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 320
social contributions
-
-
-
12 321
total
-
-
-
13 641
Employee
16 135
-
48 484
-
social contributions
1 049
-
3 152
-
income
-
-
1 486
-
total
1 049
-
4 638
-
Employer
16 135
-
48 484
-
social contributions
2 501
-
7 515
-
total
2 501
-
7 515
-
Corporate
37 364
56 000
-
-
income
3 736
5 600
-
-
total
3 736
5 600
-
-
Dividends
33 628
50 400
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
7 286
5 600
12 153
13 641
After tax
48 714
50 400
43 847
42 359
Living cost
15 086
15 086
15 086
15 086
Free-cash
33 628
35 314
28 761
27 273

Estimated living cost  is ₴15086 per week

₴9755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53182
-₴53182
-₴53182
₴10251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
434
municipal
-
-
-
10 707
labour market
-
-
-
4 445
national
-
-
-
6 029
total
-
-
-
21 615
Employee
101 863
101 863
101 863
-
national
12 444
12 444
12 444
-
municipal
21 691
21 691
21 691
-
labour market
8 137
8 137
8 137
-
pensions
145
145
145
-
total
42 417
42 417
42 417
-
Employer
101 863
101 863
101 863
-
municipal
21 726
21 726
21 726
-
pensions
290
290
290
-
national
12 466
12 466
12 466
-
labour market
8 149
8 149
8 149
-
total
42 631
42 631
42 631
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
85 048
85 048
85 048
21 615
After tax
-29 048
-29 048
-29 048
34 385
Living cost
24 134
24 134
24 134
24 134
Free-cash
-53 182
-53 182
-53 182
10 251

Estimated living cost  is ₴24134 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2829
-₴6599
₴18072
₴27272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
14 016
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
17 593
Employee
17 516
-
48 348
-
health
2 006
-
5 536
-
pensions
1 972
-
3 919
-
income
2 403
-
9 687
-
total
6 381
-
19 142
-
Employer
17 516
-
48 348
-
accident
292
-
807
-
pensions
2 848
-
5 659
-
unemployment
429
-
1 185
-
total
3 569
-
7 651
-
Corporate
34 915
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.

31 423
50 400
-
-
total
31 423
50 400
-
-
Dividends
3 491
5 600
-
-
withholding
663
1 064
-
-
total
663
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 036
51 464
26 793
17 593
After tax
13 964
4 536
29 207
38 407
Living cost
11 135
11 135
11 135
11 135
Free-cash
2 829
-6 599
18 072
27 272

Estimated living cost  is ₴11135 per week

₴8105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17033
₴17522
₴12166
₴19846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 962
national
-
-
-
6 270
health
-
-
-
653
total
-
-
-
16 885
Employee
26 405
-
47 110
-
national
436
-
3 584
-
unemployment
396
-
707
-
health
197
-
516
-
municipal
4 325
-
7 687
-
pensions
1 782
-
3 180
-
total
7 136
-
15 674
-
Employer
26 405
-
47 110
-
accident
27
-
47
-
pensions
4 581
-
8 174
-
unemployment
171
-
307
-
health
203
-
363
-
total
4 982
-
8 891
-
Corporate
24 613
56 000
-
-
income
4 922
11 200
-
-
total
4 922
11 200
-
-
Dividends

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

14 768
33 600
-
-
municipal
2 658
6 048
-
-
national
-
1 961
-
-
total
2 658
8 009
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 698
19 209
24 565
16 885
After tax
36 302
36 791
31 435
39 115
Living cost
19 269
19 269
19 269
19 269
Free-cash
17 033
17 522
12 166
19 846

Estimated living cost  is ₴19269 per week

₴12586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26607
₴29337
₴27259
₴27744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
8 120
income
-
-
-
7 088
health
-
-
-
1 428
total
-
-
-
16 636
Employee
38 593
38 593
50 839
-
health
299
656
864
-
social contributions
1 459
3 203
4 219
-
income
4 202
3 573
6 878
-
total
5 960
7 432
11 961
-
Employer
38 593
38 593
50 839
-
social contributions
1 459
3 203
4 219
-
health
325
714
941
-
total
1 784
3 917
5 160
-
Corporate
36 636
13 490
-
-
income
4 579
1 687
-
-
total
4 579
1 687
-
-
Dividends
32 057
11 803
-
-
withholding
5 450
2 007
-
-
total
5 450
2 007
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 773
15 043
17 121
16 636
After tax
38 227
40 957
38 879
39 364
Living cost
11 620
11 620
11 620
11 620
Free-cash
26 607
29 337
27 259
27 744

Estimated living cost  is ₴11620 per week

₴6964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1140
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.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35853
₴38405
₴27512
₴37579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
5 430
pensions
-
-
-
3 193
health
-
-
-
1 816
total
-
-
-
10 453
Employee

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

11 520
-
51 095
-
unemployment
57
-
238
-
health
979
-
4 048
-
pensions
1 728
-
7 143
-
income
788
-
4 186
-
total
3 552
-
15 615
-
Employer

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

11 520
-
51 095
-
pensions
633
-
2 619
-
unemployment
57
-
238
-
health
495
-
2 048
-
total
1 185
-
4 905
-
Corporate
43 294
56 000
-
-
income
3 896
5 040
-
-
total
3 896
5 040
-
-
Dividends
39 398
50 960
-
-
withholding
3 546
4 587
-
-
total
3 546
4 587
-
-
Income
56 000
56 000
56 000
56 000
Total tax
12 179
9 627
20 520
10 453
After tax
43 821
46 373
35 480
45 547
Living cost
7 968
7 968
7 968
7 968
Free-cash
35 853
38 405
27 512
37 579

Estimated living cost  is ₴7968 per week

₴5084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
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.
₴2072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21283
₴23918
₴15347
₴16781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
11 462
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
25 418
Employee
18 558
-
42 462
-
unemployment
288
-
658
-
other
18
-
43
-
pensions
872
-
1 995
-
income
3 578
-
10 619
-
total
4 756
-
13 315
-
Employer
18 558
-
42 462
-
other
149
-
340
-
accident
368
-
841
-
pensions
4 379
-
10 021
-
unemployment
1 021
-
2 335
-
total
5 917
-
13 537
-
Corporate
31 526
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.

4 729
8 400
-
-
total
4 729
8 400
-
-
Dividends
26 797
47 600
-
-
withholding
5 514
9 881
-
-
total
5 514
9 881
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 916
18 281
26 852
25 418
After tax
35 084
37 719
29 148
30 582
Living cost
13 801
13 801
13 801
13 801
Free-cash
21 283
23 918
15 347
16 781

Estimated living cost  is ₴13801 per week

₴9316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
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.
₴2917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33832
₴33991
₴34820
₴34887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 961
pensions
-
-
-
695
health
-
-
-
504
total
-
-
-
20 160
Employee
1 451
-
55 218
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
18 924
-
total
500
-
19 446
-
Employer
1 451
-
55 218
-
pensions
160
-
382
-
unemployment
29
-
69
-
health
138
-
330
-
total
327
-
781
-
Corporate
54 222
56 000
-
-
income
11 929
12 320
-
-
total
11 929
12 320
-
-
Dividends
42 293
43 680
-
-
withholding
8 459
8 736
-
-
total
8 459
8 736
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 215
21 056
20 227
20 160
After tax
34 785
34 944
35 773
35 840
Living cost
953
953
953
953
Free-cash
33 832
33 991
34 820
34 887

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴29308
₴31777
₴21644
₴21643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
557
income
-
-
-
11 647
pensions
-
-
-
9 648
health
-
-
-
3 822
total
-
-
-
25 674
Employee

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

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

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

13 094
-
49 358
-
unemployment
98
-
278
-
health
674
-
1 911
-
pensions
1 833
-
5 195
-
income
1 805
-
11 647
-
total
4 410
-
19 031
-
Employer

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

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

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

13 094
-
49 358
-
pensions
1 571
-
4 453
-
unemployment
98
-
278
-
health
674
-
1 911
-
total
2 343
-
6 642
-
Corporate
40 562
56 000
-
-
income
6 084
8 400
-
-
total
6 084
8 400
-
-
Dividends
34 478
47 600
-
-
withholding
5 172
7 140
-
-
total
5 172
7 140
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 009
15 540
25 673
25 674
After tax
37 991
40 460
30 327
30 326
Living cost
8 683
8 683
8 683
8 683
Free-cash
29 308
31 777
21 644
21 643

Estimated living cost  is ₴8683 per week

₴5846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴18142
₴18323
₴14295
₴17510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
56 000
social contributions

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

-
-
-
19 460
income
-
-
-
5 500
surtax
-
-
-
-
total
-
-
-
24 960
Employee
19 479
-
45 253
-
surtax
-
-
-
-
social contributions
2 143
-
4 977
-
income
3 806
-
12 451
-
total
5 949
-
17 428
-
Employer
19 479
-
45 253
-
social contributions
4 626
-
10 747
-
total
4 626
-
10 747
-
Corporate
31 895
56 000
-
-
income
6 698
11 760
-
-
surtax
-
-
-
-
total
6 698
11 760
-
-
Dividends
25 196
44 240
-
-
withholding
7 055
12 387
-
-
total
7 055
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 328
24 147
28 175
24 960
After tax
31 672
31 853
27 825
31 040
Living cost
13 530
13 530
13 530
13 530
Free-cash
18 142
18 323
14 295
17 510

Estimated living cost  is ₴13530 per week

₴9583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
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.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16254
₴20081
₴11510
₴12944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
11 462
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
25 418
Employee
24 239
-
42 462
-
unemployment
375
-
658
-
other
24
-
43
-
pensions
1 139
-
1 995
-
income
5 063
-
10 619
-
total
6 601
-
13 315
-
Employer
24 239
-
42 462
-
other
194
-
340
-
accident
480
-
841
-
pensions
5 720
-
10 021
-
unemployment
1 333
-
2 335
-
total
7 727
-
13 537
-
Corporate
24 033
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.

3 605
8 400
-
-
total
3 605
8 400
-
-
Dividends
20 428
47 600
-
-
withholding
4 175
9 881
-
-
total
4 175
9 881
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 108
18 281
26 852
25 418
After tax
33 892
37 719
29 148
30 582
Living cost
17 638
17 638
17 638
17 638
Free-cash
16 254
20 081
11 510
12 944

Estimated living cost  is ₴17638 per week

₴12667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36192
₴39251
₴36139
₴34293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
8 400
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
13 078
Employee
11 427
-
52 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
806
-
pensions

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

1 003
-
1 539
-
income
1 143
-
5 256
-
total
2 798
-
7 794
-
Employer
11 427
-
52 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 259
-
1 931
-
unemployment
69
-
105
-
health
789
-
1 209
-
total
2 243
-
3 438
-
Corporate
42 332
56 000
-
-
income
4 233
5 600
-
-
total
4 233
5 600
-
-
Dividends
38 098
50 400
-
-
withholding
1 905
2 520
-
-
total
1 905
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
11 179
8 120
11 232
13 078
After tax
44 821
47 880
44 768
42 922
Living cost
8 629
8 629
8 629
8 629
Free-cash
36 192
39 251
36 139
34 293

Estimated living cost  is ₴8629 per week

₴5707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16063
₴9498
₴19692
₴15004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 688
income

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

-
-
-
12 799
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.

-
-
-
3 429
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.

-
-
-
704
total
-
-
-
21 620
Employee

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

24 972
-
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.

113
-
704
-
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.

3 429
-
3 429
-
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.

2 053
-
12 799
-
total
5 595
-
16 932
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 028
56 000
-
-
trade
4 453
8 036
-
-
income
4 654
8 400
-
-
surtax

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

256
462
-
-
chamber of commerce
122
158
-
-
total
9 485
17 056
-
-
Dividends
21 543
38 944
-
-
withholding
5 195
9 545
-
-
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.

286
525
-
-
total
5 481
10 070
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 561
27 126
16 932
21 620
After tax
35 439
28 874
39 068
34 380
Living cost
19 376
19 376
19 376
19 376
Free-cash
16 063
9 498
19 692
15 004

Estimated living cost  is ₴19376 per week

₴13366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11718
₴10610
₴8203
₴8203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 103
income
-
-
-
14 104
total
-
-
-
19 207
Employee
39 259
-
56 000
-
social contributions
3 262
-
5 103
-
income
7 408
-
14 104
-
total
10 670
-
19 207
-
Employer
39 259
-
56 000
-
total
-
-
-
-
Corporate
16 741
56 000
-
-
income
2 092
7 000
-
-
total
2 092
7 000
-
-
Dividends
14 649
49 000
-
-
withholding
2 930
9 800
-
-
total
2 930
9 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 692
16 800
19 207
19 207
After tax
40 308
39 200
36 793
36 793
Living cost
28 590
28 590
28 590
28 590
Free-cash
11 718
10 610
8 203
8 203

Estimated living cost  is ₴28590 per week

₴21750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2330
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.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17282
₴15529
₴22999
₴20436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 059
income
-
-
-
14 286
total
-
-
-
17 345
Employee
23 023
-
53 691
-
social contributions
2 307
-
2 309
-
income
2 498
-
10 164
-
total
4 805
-
12 473
-
Employer
23 023
-
53 691
-
social contributions
2 307
-
2 309
-
total
2 307
-
2 309
-
Corporate
30 670
56 000
-
-
income
10 735
19 600
-
-
total
10 735
19 600
-
-
Dividends
19 935
36 400
-
-
social contributions
2 652
2 652
-
-
total
2 652
2 652
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 499
22 252
14 782
17 345
After tax
35 501
33 748
41 218
38 655
Living cost
18 219
18 219
18 219
18 219
Free-cash
17 282
15 529
22 999
20 436

Estimated living cost  is ₴18219 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20822
₴21653
₴15960
₴21116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 712
pensions
-
-
-
3 824
total
-
-
-
16 536
Employee
25 185
-
49 206
-
health
329
-
821
-
pensions
1 922
-
4 805
-
income
4 586
-
9 273
-
total
6 837
-
14 899
-
Employer
25 185
-
49 206
-
pensions
2 545
-
5 859
-
health
479
-
934
-
total
3 024
-
6 793
-
Corporate
27 791
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.

5 281
10 640
-
-
total
5 281
10 640
-
-
Dividends
22 511
45 360
-
-
withholding
1 688
5 359
-
-
total
1 688
5 359
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 830
15 999
21 692
16 536
After tax
39 170
40 001
34 308
39 464
Living cost
18 348
18 348
18 348
18 348
Free-cash
20 822
21 653
15 960
21 116

Estimated living cost  is ₴18348 per week

₴12587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
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.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2658
-₴7701
₴16970
₴26170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
14 016
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
17 593
Employee
19 249
-
48 348
-
health
2 204
-
5 536
-
pensions
2 168
-
3 919
-
income
2 641
-
9 687
-
total
7 013
-
19 142
-
Employer
19 249
-
48 348
-
accident
321
-
807
-
pensions
3 130
-
5 659
-
unemployment
472
-
1 185
-
total
3 923
-
7 651
-
Corporate
32 828
56 000
-
-
income

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

29 545
50 400
-
-
total
29 545
50 400
-
-
Dividends
3 283
5 600
-
-
withholding
624
1 064
-
-
total
624
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 105
51 464
26 793
17 593
After tax
14 895
4 536
29 207
38 407
Living cost
12 237
12 237
12 237
12 237
Free-cash
2 658
-7 701
16 970
26 170

Estimated living cost  is ₴12237 per week

₴8981
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
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.
₴2297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38384
₴40346
₴29446
₴25080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
672
income
-
-
-
8 743
pensions
-
-
-
10 304
health insurance
-
-
-
4 144
work injury
-
-
-
280
total
-
-
-
24 143
Employee

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

10 844
-
56 000
-
health insurance
802
-
2 969
-
unemployment
130
-
481
-
work injury
54
-
201
-
pensions
1 995
-
7 382
-
income
1 084
-
8 743
-
total
4 065
-
19 776
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 156
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
45 156
55 440
-
-
withholding
6 773
8 316
-
-
total
6 773
8 316
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 838
8 876
19 776
24 143
After tax
45 162
47 124
36 224
31 857
Living cost
6 778
6 778
6 778
6 778
Free-cash
38 384
40 346
29 446
25 080

Estimated living cost  is ₴6778 per week

₴4199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴7219
₴9503
₴5193
₴7756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 172
social contributions
-
-
-
14 403
municipal
-
-
-
374
national
-
-
-
12 301
total
-
-
-
28 250
Employee
42 292
-
56 000
-
national
7 147
-
10 599
-
regional
639
-
996
-
municipal
252
-
334
-
social contributions
14 261
-
18 884
-
total
22 299
-
30 813
-
Employer
42 292
-
56 000
-
total
-
-
-
-
Corporate
13 708
56 000
-
-
nationa
3 290
13 440
-
-
municipal
661
2 699
-
-
total
3 951
16 139
-
-
Dividends
9 757
39 861
-
-
withholding
2 537
10 364
-
-
total
2 537
10 364
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 787
26 503
30 813
28 250
After tax
27 213
29 497
25 187
27 750
Living cost
19 994
19 994
19 994
19 994
Free-cash
7 219
9 503
5 193
7 756

Estimated living cost  is ₴19994 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
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.
₴4272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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