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
₴12605
₴18335
₴18589
₴23613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 024
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.

-
-
-
12 461
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.

-
-
-
3 541
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.

-
-
-
686
total
-
-
-
21 712
Employee

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

19 824
-
56 000
-
income

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

554
-
12 461
-
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
-
686
-
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.

3 541
-
3 541
-
total
4 125
-
16 688
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 176
56 000
-
-
income
5 427
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.

298
462
-
-
trade
5 698
8 820
-
-
chamber of commerce
131
159
-
-
total
11 554
17 841
-
-
Dividends
24 622
38 159
-
-
surtax

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

328
513
-
-
withholding
5 959
9 342
-
-
total
6 287
9 855
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 966
27 696
16 688
21 712
After tax
34 034
28 304
39 312
34 288
Living cost
15 699
15 699
15 699
15 699
Free-cash
18 335
12 605
23 613
18 589

Estimated living cost  is ₴15699 per week

₴9875
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6826
₴6357
₴5672
₴6112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
5 839
national
-
-
-
9 049
pensions
-
-
-
6 720
social contributions
-
-
-
602
total
-
-
-
22 210
Employee
43 588
-
48 411
-
national
8 343
-
9 385
-
pensions
1 744
-
1 936
-
municipal
5 384
-
6 056
-
total
15 471
-
17 377
-
Employer
43 588
-
48 411
-
social contributions
469
-
520
-
pensions
3 487
-
3 873
-
total
3 956
-
4 393
-
Corporate
5 579
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%.

1 116
11 200
-
-
total
1 116
11 200
-
-
Dividends
4 463
44 800
-
-
withholding
982
9 856
-
-
total
982
9 856
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 525
21 056
21 770
22 210
After tax
34 475
34 944
34 230
33 790
Living cost
28 118
28 118
28 118
28 118
Free-cash
6 357
6 826
6 112
5 672

Estimated living cost  is ₴28118 per week

₴19112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴421
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34017
₴29766
₴19064
₴20733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
8 149
surtax
-
-
-
-
social contributions

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

-
-
-
18 004
total
-
-
-
26 153
Employee
15 145
-
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.

1 666
-
4 964
-
income
2 696
-
8 648
-
surtax
-
-
-
-
total
4 362
-
13 612
-
Employer
15 145
-
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.

3 648
-
10 872
-
surtax
-
-
-
-
total
3 648
-
10 872
-
Corporate
37 206
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%.

7 441
11 200
-
-
total
7 441
11 200
-
-
Dividends

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

29 766
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 451
11 200
24 484
26 153
After tax
40 549
44 800
31 516
29 847
Living cost
10 783
10 783
10 783
10 783
Free-cash
29 766
34 017
20 733
19 064

Estimated living cost  is ₴10783 per week

₴6879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1027
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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5485
₴2310
₴10106
₴6653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
11 717
health
-
-
-
6 391
pensions
-
-
-
6 073
total
-
-
-
24 181
Employee
44 262
44 262
47 656
-
pensions
7 967
6 073
6 073
-
income

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

7 245
7 245
7 245
-
health
6 794
5 779
5 972
-
total
22 006
19 097
19 290
-
Employer
44 262
44 262
47 656
-
health
3 077
3 077
3 312
-
pensions
3 081
3 081
3 317
-
unemployment
1 593
1 593
1 715
-
total
7 751
7 751
8 344
-
Corporate
4 530
3 987
-
-
income
906
798
-
-
total
906
798
-
-
Dividends
3 625
3 190
-
-
income
770
678
-
-
withholding
544
478
-
-
total
1 314
1 156
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 977
28 802
27 634
24 181
After tax
24 023
27 198
28 366
31 819
Living cost
21 713
21 713
21 713
21 713
Free-cash
2 310
5 485
6 653
10 106

Estimated living cost  is ₴21713 per week

₴15387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴345
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9931
₴9468
₴9424
₴9260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12 790
national
-
-
-
34
unemployment
-
-
-
45
accident
-
-
-
90
health
-
-
-
2 823
pensions
-
-
-
4 891
other
-
-
-
5 258
total
-
-
-
25 931
Employee
29 418
-
42 611
-
national
-
-
-
-
municipal
8 772
-
12 707
-
total
8 772
-
12 707
-
Employer
29 418
-
42 611
-
health
1 809
-
2 621
-
pensions
3 180
-
4 606
-
accident
59
-
85
-
other
3 418
-
4 951
-
unemployment
777
-
1 125
-
total
9 243
-
13 388
-
Corporate
17 339
56 000
-
-
income
3 815
12 320
-
-
total
3 815
12 320
-
-
Dividends
13 524
43 680
-
-
withholding
4 057
13 104
-
-
total
4 057
13 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 887
25 424
26 095
25 931
After tax
30 113
30 576
29 905
30 069
Living cost
20 645
20 645
20 645
20 645
Free-cash
9 468
9 931
9 260
9 424

Estimated living cost  is ₴20645 per week

₴13683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2026
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7653
₴14935
₴13704
₴18951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 247
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.

-
-
-
12 461
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.

-
-
-
3 541
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.

-
-
-
686
total
-
-
-
21 935
Employee

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

26 285
-
56 000
-
income

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

2 258
-
12 461
-
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.

124
-
686
-
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.

3 541
-
3 541
-
total
5 923
-
16 688
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 715
56 000
-
-
income
4 458
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.

245
462
-
-
trade
4 888
9 212
-
-
chamber of commerce
121
158
-
-
total
9 712
18 232
-
-
Dividends
20 003
37 767
-
-
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.

265
509
-
-
withholding
4 804
9 245
-
-
total
5 069
9 754
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 704
27 986
16 688
21 935
After tax
35 296
28 014
39 312
34 065
Living cost
20 361
20 361
20 361
20 361
Free-cash
14 935
7 653
18 951
13 704

Estimated living cost  is ₴20361 per week

₴13618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24155
₴22006
₴22591
₴22289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
6 784
health
-
-
-
1 428
social contributions
-
-
-
8 386
total
-
-
-
16 598
Employee
39 856
39 856
50 840
-
social contributions
1 937
3 308
4 220
-
income
4 185
3 689
6 655
-
health
396
678
865
-
total
6 518
7 675
11 740
-
Employer
39 856
39 856
50 840
-
social contributions
1 937
3 308
4 220
-
health
432
738
940
-
total
2 369
4 046
5 160
-
Corporate
30 302
12 099
-
-
income
3 788
1 513
-
-
total
3 788
1 513
-
-
Dividends
26 514
10 586
-
-
withholding
4 508
1 800
-
-
total
4 508
1 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 183
15 034
16 900
16 598
After tax
38 817
40 966
39 100
39 402
Living cost
16 811
16 811
16 811
16 811
Free-cash
22 006
24 155
22 289
22 591

Estimated living cost  is ₴16811 per week

₴11492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21389
₴21601
₴28636
₴22306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 920
pensions
-
-
-
5 600
total
-
-
-
17 206
Employee

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

The minimum wage is 138,000 HUF per month.

14 663
5 836
46 862
-
pensions
1 466
584
4 686
-
unemployment
220
88
703
-
income
1 793
713
5 729
-
health
1 026
408
3 280
-
total
4 505
1 793
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.

14 663
5 836
46 862
-
pensions
2 859
1 138
9 138
-
total
2 859
1 138
9 138
-
Corporate
38 478
49 026
-
-
income
3 463
4 412
-
-
total
3 463
4 412
-
-
Dividends
35 015
44 614
-
-
social contributions
6 761
8 633
-
-
withholding
6 653
8 477
-
-
total
13 414
17 110
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 241
24 453
23 536
17 206
After tax
31 759
31 547
32 464
38 794
Living cost
10 158
10 158
10 158
10 158
Free-cash
21 601
21 389
22 306
28 636

Estimated living cost  is ₴10158 per week

₴6932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴32281
₴29062
₴17498
₴19760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
7 504
health
-
-
-
7 280
pensions
-
-
-
11 199
total
-
-
-
25 983
Employee
14 704
-
41 854
-
pensions
294
-
837
-
unemployment
235
-
670
-
income
1 655
-
8 069
-
total
2 184
-
9 576
-
Employer
14 704
-
41 854
-
health
1 911
-
5 441
-
pensions
2 941
-
8 370
-
unemployment
118
-
334
-
total
4 970
-
14 145
-
Corporate
36 326
56 000
-
-
income
7 265
11 200
-
-
total
7 265
11 200
-
-
Dividends
29 061
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
14 419
11 200
23 721
25 983
After tax
41 581
44 800
32 279
30 017
Living cost
12 519
12 519
12 519
12 519
Free-cash
29 062
32 281
19 760
17 498

Estimated living cost  is ₴12519 per week

₴8587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴746
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2935
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6714
₴2810
₴27154
₴17971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
accident
-
-
-
129
income
-
-
-
14 034
health
-
-
-
1 115
pensions
-
-
-
2 128
other
-
-
-
190
total
-
-
-
17 596
Employee
17 697
-
48 373
-
pensions
1 993
-
3 901
-
income
2 428
-
9 712
-
health
2 026
-
5 539
-
total
6 447
-
19 152
-
Employer
17 697
-
48 373
-
pensions
2 878
-
5 634
-
accident
295
-
808
-
unemployment
434
-
1 185
-
total
3 607
-
7 627
-
Corporate
34 696
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.

31 227
50 400
-
-
total
31 227
50 400
-
-
Dividends
3 470
5 600
-
-
withholding
659
1 064
-
-
total
659
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 940
51 464
26 779
17 596
After tax
14 060
4 536
29 221
38 404
Living cost
11 250
11 250
11 250
11 250
Free-cash
2 810
-6 714
17 971
27 154

Estimated living cost  is ₴11250 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48719
₴47879
₴50959
₴40319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 601
-
56 000
-
income
1 120
-
11 200
-
total
1 120
-
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%.

50 399
56 000
-
-
total
-
-
-
-
Dividends
50 399
56 000
-
-
withholding
2 520
2 800
-
-
total
2 520
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 640
2 800
11 200
560
After tax
52 360
53 200
44 800
55 440
Living cost
4 481
4 481
4 481
4 481
Free-cash
47 879
48 719
40 319
50 959

Estimated living cost  is ₴4481 per week

₴2777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27333
₴23831
₴16459
₴18772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 166
health
-
-
-
2 464
pensions

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

-
-
-
13 440
other
-
-
-
2 660
total
-
-
-
25 730
Employee
18 819
-
44 728
-
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.

1 317
-
3 131
-
unemployment
188
-
448
-
income
3 240
-
7 938
-
health
264
-
627
-
total
5 009
-
12 144
-
Employer
18 819
-
44 728
-
health
264
-
627
-
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.

3 200
-
7 603
-
accident
150
-
358
-
other
941
-
2 237
-
unemployment
188
-
448
-
total
4 743
-
11 273
-
Corporate
32 438
56 000
-
-
income
6 812
11 760
-
-
total
6 812
11 760
-
-
Dividends
25 625
44 240
-
-
withholding
1 794
3 096
-
-
total
1 794
3 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 358
14 856
23 417
25 730
After tax
37 642
41 144
32 583
30 270
Living cost
13 811
13 811
13 811
13 811
Free-cash
23 831
27 333
18 772
16 459

Estimated living cost  is ₴13811 per week

₴9758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2898
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5664
-₴72
₴4970
-₴29
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 203
pensions
-
-
-
3 973
total
-
-
-
16 176
Employee
49 313
-
49 250
-
pensions
4 757
-
4 749
-
income
8 889
-
8 867
-
health
813
-
811
-
total
14 459
-
14 427
-
Employer
49 313
-
49 250
-
health
937
-
935
-
pensions
5 822
-
5 813
-
total
6 759
-
6 748
-
Corporate
-
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.

-
10 639
-
-
total
-
10 639
-
-
Dividends
-
45 361
-
-
withholding
-
4 843
-
-
total
-
4 843
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 218
15 482
21 175
16 176
After tax
34 782
40 518
34 825
39 824
Living cost
34 854
34 854
34 854
34 854
Free-cash
-72
5 664
-29
4 970

Estimated living cost  is ₴34854 per week

₴26117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4095
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40994
₴38555
₴35816
₴37617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73
income
-
-
-
8 400
health
-
-
-
2 110
pensions

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

-
-
-
2 715
total
-
-
-
13 298
Employee
9 118
-
52 401
-
pensions

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

801
-
1 611
-
income
912
-
5 240
-
health
419
-
844
-
accident

We are using the highest rate at 1.1%.

100
-
202
-
total
2 232
-
7 897
-
Employer
9 118
-
52 401
-
health
629
-
1 266
-
pensions

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

1 005
-
2 022
-
accident

We are using the highest rate at 1.1%.

100
-
202
-
unemployment
55
-
110
-
total
1 789
-
3 600
-
Corporate
45 093
56 000
-
-
income
4 509
5 600
-
-
total
4 509
5 600
-
-
Dividends
40 583
50 400
-
-
withholding
2 029
2 520
-
-
total
2 029
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 559
8 120
11 497
13 298
After tax
45 441
47 880
44 503
42 702
Living cost
6 886
6 886
6 886
6 886
Free-cash
38 555
40 994
37 617
35 816

Estimated living cost  is ₴6886 per week

₴4020
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.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴1543
-₴467
₴3078
-₴375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
11 717
health
-
-
-
6 391
pensions
-
-
-
6 073
total
-
-
-
24 181
Employee
48 054
44 262
47 656
-
pensions
6 073
6 073
6 073
-
income

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

7 245
7 245
7 245
-
health
5 995
5 779
5 972
-
total
19 313
19 097
19 290
-
Employer
48 054
44 262
47 656
-
health
3 339
3 077
3 312
-
pensions
3 344
3 081
3 317
-
unemployment
1 730
1 593
1 715
-
total
8 413
7 751
8 344
-
Corporate
-
3 987
-
-
income
-
798
-
-
total
-
798
-
-
Dividends
-
3 190
-
-
income
-
678
-
-
withholding
-
478
-
-
total
-
1 156
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 726
28 802
27 634
24 181
After tax
28 274
27 198
28 366
31 819
Living cost
28 741
28 741
28 741
28 741
Free-cash
-467
-1 543
-375
3 078

Estimated living cost  is ₴28741 per week

₴21201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25679
₴21085
₴14398
₴15541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
4 813
health
-
-
-
7 560
social contributions
-
-
-
16 352
total
-
-
-
28 725
Employee
18 937
-
41 791
-
social contributions
1 231
-
2 716
-
income
2 272
-
5 015
-
solidarity contribution
-
-
-
-
health
2 557
-
5 642
-
total
6 060
-
13 373
-
Employer
18 937
-
41 791
-
social contributions
4 734
-
10 448
-
health
1 704
-
3 761
-
total
6 438
-
14 209
-
Corporate
30 624
56 000
-
-
income
5 819
10 640
-
-
total
5 819
10 640
-
-
Dividends
24 805
45 360
-
-
withholding
3 721
6 804
-
-
total
3 721
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 038
17 444
27 582
28 725
After tax
33 962
38 556
28 418
27 275
Living cost
12 877
12 877
12 877
12 877
Free-cash
21 085
25 679
15 541
14 398

Estimated living cost  is ₴12877 per week

₴8945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8007
₴5300
₴6581
₴3916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
332
national
-
-
-
12 188
regional
-
-
-
625
social contributions
-
-
-
14 403
total
-
-
-
27 548
Employee
46 064
-
56 000
-
national
7 982
-
10 485
-
social contributions
15 533
-
18 883
-
municipal
244
-
297
-
regional
435
-
548
-
total
24 194
-
30 213
-
Employer
46 064
-
56 000
-
total
-
-
-
-
Corporate
9 936
56 000
-
-
municipal
388
2 184
-
-
nationa
2 384
13 440
-
-
total
2 772
15 624
-
-
Dividends
7 164
40 377
-
-
withholding
1 863
10 498
-
-
total
1 863
10 498
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 829
26 122
30 213
27 548
After tax
27 171
29 878
25 787
28 452
Living cost
21 871
21 871
21 871
21 871
Free-cash
5 300
8 007
3 916
6 581

Estimated living cost  is ₴21871 per week

₴15246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1434
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23787
₴22174
₴16823
₴15856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
118
income
-
-
-
11 039
health
-
-
-
3 976
surtax
-
-
-
1 407
pensions
-
-
-
11 200
other
-
-
-
-
total
-
-
-
27 740
Employee
17 140
-
46 261
-
pensions
1 143
-
3 086
-
unemployment
1 193
-
3 219
-
income
2 873
-
10 217
-
other
-
-
-
-
surtax
56
-
1 268
-
health
438
-
1 179
-
total
5 703
-
18 969
-
Employer
17 140
-
46 261
-
health
780
-
2 105
-
pensions
2 285
-
6 166
-
other
-
-
-
-
unemployment
543
-
1 467
-
total
3 608
-
9 738
-
Corporate
35 252
56 000
-
-
income
9 165
14 560
-
-
total
9 165
14 560
-
-
Dividends
26 087
41 440
-
-
withholding
3 913
6 216
-
-
total
3 913
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 389
20 776
28 707
27 740
After tax
33 611
35 224
27 293
28 260
Living cost
11 437
11 437
11 437
11 437
Free-cash
22 174
23 787
15 856
16 823

Estimated living cost  is ₴11437 per week

₴6993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16707
₴14047
₴16013
₴11014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 203
pensions
-
-
-
3 973
total
-
-
-
16 176
Employee
33 048
-
49 250
-
pensions
2 805
-
4 749
-
income
5 952
-
8 867
-
health
480
-
811
-
total
9 237
-
14 427
-
Employer
33 048
-
49 250
-
health
628
-
935
-
pensions
3 577
-
5 813
-
total
4 205
-
6 748
-
Corporate
18 747
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.

3 561
10 639
-
-
total
3 561
10 639
-
-
Dividends
15 185
45 361
-
-
withholding
1 139
4 843
-
-
total
1 139
4 843
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 142
15 482
21 175
16 176
After tax
37 858
40 518
34 825
39 824
Living cost
23 811
23 811
23 811
23 811
Free-cash
14 047
16 707
11 014
16 013

Estimated living cost  is ₴23811 per week

₴17839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14851
₴2459
₴6145
₴3365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
590
national
-
-
-
400
regional
-
-
-
2 003
health
-
-
-
132
pensions
-
-
-
5 151
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
total
-
-
-
9 396
Employee
47 348
-
50 122
-
national
224
-
286
-
city
508
-
538
-
pensions
3 978
-
4 211
-
unemployment
-
-
-
-
health
107
-
113
-
regional
1 550
-
1 701
-
total
6 367
-
6 849
-
Employer
47 348
-
50 122
-
health
107
-
113
-
pensions
3 978
-
4 211
-
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.

947
-
1 003
-
unemployment
-
-
-
-
total
5 032
-
5 327
-
Corporate
3 100
56 000
-
-
national
264
4 760
-
-
regional
656
11 844
-
-
total
920
16 604
-
-
Dividends
2 181
39 396
-
-
withholding
763
13 788
-
-
total
763
13 788
-
-
Income
56 000
56 000
56 000
56 000
Total tax
13 082
30 392
12 176
9 396
After tax
42 918
25 608
43 824
46 604
Living cost
40 459
40 459
40 459
40 459
Free-cash
2 459
-14 851
3 365
6 145

Estimated living cost  is ₴40459 per week

₴26310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴497
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3982
₴12387
₴10097
₴15568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 471
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.

-
-
-
12 461
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.

-
-
-
3 541
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.

-
-
-
686
total
-
-
-
22 159
Employee

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

31 150
-
56 000
-
income

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

3 663
-
12 461
-
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.

202
-
686
-
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.

3 541
-
3 541
-
total
7 406
-
16 688
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 850
56 000
-
-
income
3 728
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.

205
462
-
-
trade
4 262
9 604
-
-
chamber of commerce
114
157
-
-
total
8 309
18 623
-
-
Dividends
16 542
37 377
-
-
surtax

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

216
504
-
-
withholding
3 938
9 147
-
-
total
4 154
9 651
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 869
28 274
16 688
22 159
After tax
36 131
27 726
39 312
33 841
Living cost
23 744
23 744
23 744
23 744
Free-cash
12 387
3 982
15 568
10 097

Estimated living cost  is ₴23744 per week

₴17342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10492
₴13555
₴14396
₴16938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 923
health
-
-
-
1 266
surtax
-
-
-
-
pensions
-
-
-
13 350
other
-
-
-
1 736
social contributions
-
-
-
1 596
total
-
-
-
23 871
Employee
22 183
-
45 252
-
pensions
2 508
-
2 304
-
social contributions
632
-
1 289
-
income
1 309
-
6 989
-
surtax
-
-
-
-
total
4 449
-
10 582
-
Employer
22 183
-
45 252
-
social contributions
67
-
136
-
health
1 553
-
3 189
-
pensions
3 644
-
4 029
-
other
765
-
1 561
-
unemployment
898
-
1 832
-
total
6 927
-
10 747
-
Corporate
26 890
56 000
-
-
income
7 529
15 680
-
-
surtax
-
-
-
-
total
7 529
15 680
-
-
Dividends
19 360
40 320
-
-
social contributions
3 329
6 934
-
-
surtax
-
-
-
-
withholding
2 478
5 161
-
-
total
5 807
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 712
27 775
21 329
23 871
After tax
31 288
28 225
34 671
32 129
Living cost
17 733
17 733
17 733
17 733
Free-cash
13 555
10 492
16 938
14 396

Estimated living cost  is ₴17733 per week

₴11182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1442
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.
₴4809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12249
₴15126
₴16153
₴18695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 923
health
-
-
-
1 266
surtax
-
-
-
-
pensions
-
-
-
13 350
other
-
-
-
1 736
social contributions
-
-
-
1 596
total
-
-
-
23 871
Employee
19 801
-
45 252
-
pensions
2 240
-
2 304
-
social contributions
565
-
1 289
-
income
1 021
-
6 989
-
surtax
-
-
-
-
total
3 826
-
10 582
-
Employer
19 801
-
45 252
-
social contributions
59
-
136
-
health
1 386
-
3 189
-
pensions
3 254
-
4 029
-
other
684
-
1 561
-
unemployment
802
-
1 832
-
total
6 185
-
10 747
-
Corporate
30 015
56 000
-
-
income
8 404
15 680
-
-
surtax
-
-
-
-
total
8 404
15 680
-
-
Dividends
21 611
40 320
-
-
social contributions
3 717
6 934
-
-
surtax
-
-
-
-
withholding
2 766
5 161
-
-
total
6 483
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 898
27 775
21 329
23 871
After tax
31 102
28 225
34 671
32 129
Living cost
15 976
15 976
15 976
15 976
Free-cash
15 126
12 249
18 695
16 153

Estimated living cost  is ₴15976 per week

₴9265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23174
₴23442
₴24972
₴24854
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
8 400
health
-
-
-
3 909
social contributions
-
-
-
7 728
total
-
-
-
20 037
Employee
17 574
-
56 000
-
social contributions
2 426
-
7 728
-
income
2 931
-
8 518
-
health
1 227
-
3 909
-
total
6 584
-
20 155
-
Employer
17 574
-
56 000
-
total
-
-
-
-
Corporate
38 426
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%.

1 921
2 800
-
-
total
1 921
2 800
-
-
Dividends
36 505
53 200
-
-
social contributions
5 038
7 342
-
-
health
2 548
3 713
-
-
withholding
5 476
7 980
-
-
total
13 062
19 035
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 567
21 835
20 155
20 037
After tax
34 433
34 165
35 845
35 963
Living cost
10 991
10 991
10 991
10 991
Free-cash
23 442
23 174
24 854
24 972

Estimated living cost  is ₴10991 per week

₴7355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13056
₴12258
₴9750
-₴1810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 179
income
-
-
-
9 838
chamber of commerce
-
-
-
224
health
-
-
-
4 284
surtax
-
-
-
102
pensions
-
-
-
10 360
total
-
-
-
27 987
Employee
25 903
20 656
43 405
-
pensions
2 653
2 115
4 445
-
unemployment
777
620
1 302
-
income
2 949
1 524
8 732
-
other
259
207
434
-
health
1 002
800
1 680
-
total
7 640
5 266
16 593
-
Employer
25 903
20 656
43 405
-
chamber of commerce
103
83
174
-
health
979
781
1 641
-
payroll
777
620
1 302
-
pensions
3 251
2 593
5 447
-
surtax
102
102
102
-
accident
336
269
565
-
other
1 230
981
2 062
-
unemployment
777
620
1 302
-
total
7 555
6 049
12 595
-
Corporate
22 541
29 297
41 438
-
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.

5 635
7 324
10 359
-
total
5 635
7 324
10 359
-
Dividends
16 906
21 973
-
-
withholding
4 649
6 042
-
-
total
4 649
6 042
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 479
24 681
39 547
27 987
After tax
30 521
31 319
16 453
28 013
Living cost
18 263
18 263
18 263
18 263
Free-cash
12 258
13 056
-1 810
9 750

Estimated living cost  is ₴18263 per week

₴12181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12494
₴4720
₴6895
₴2683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 423
communal

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

-
-
-
2 822
social contributions
-
-
-
8 962
total
-
-
-
30 207
Employee

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

37 075
-
43 375
-
national
11 398
-
13 862
-
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.

2 781
-
3 253
-
communal

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

1 934
-
2 262
-
unemployment

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

323
-
378
-
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.

1 742
-
2 038
-
total
18 178
-
21 793
-
Employer

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

37 075
-
43 375
-
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.

2 280
-
2 668
-
pensions

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

3 285
-
3 843
-
surtax
4 204
-
4 918
-
accident

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

482
-
564
-
unemployment

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

541
-
633
-
total
10 792
-
12 626
-
Corporate
8 133
56 000
-
-
income
1 627
11 200
-
-
surtax
32
224
-
-
total
1 659
11 424
-
-
Dividends
6 473
44 576
-
-
withholding

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

1 753
13 184
-
-
total
1 753
13 184
-
-
Income
56 000
56 000
56 000
56 000
Total tax
32 382
24 608
34 419
30 207
After tax
23 618
31 392
21 581
25 793
Living cost
18 898
18 898
18 898
18 898
Free-cash
4 720
12 494
2 683
6 895

Estimated living cost  is ₴18898 per week

₴12173
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.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19004
₴14875
₴11711
₴10564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
336
accident
-
-
-
433
income
-
-
-
11 159
pensions
-
-
-
13 595
other
-
-
-
48
total
-
-
-
25 571
Employee
25 800
-
42 463
-
pensions
1 213
-
1 996
-
unemployment
400
-
658
-
income
5 444
-
10 486
-
other
26
-
42
-
total
7 083
-
13 182
-
Employer
25 800
-
42 463
-
pensions
6 088
-
10 021
-
accident
510
-
841
-
other
206
-
339
-
unemployment
1 419
-
2 335
-
total
8 223
-
13 536
-
Corporate
21 976
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.

3 296
8 400
-
-
total
3 296
8 400
-
-
Dividends
18 680
47 600
-
-
withholding
3 805
9 878
-
-
total
3 805
9 878
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 407
18 278
26 718
25 571
After tax
33 593
37 722
29 282
30 429
Living cost
18 718
18 718
18 718
18 718
Free-cash
14 875
19 004
10 564
11 711

Estimated living cost  is ₴18718 per week

₴13784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1328
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5961
₴2225
₴3313
₴5693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
accident
-
-
-
472
income
-
-
-
5 404
communal
-
-
-
3 539
health
-
-
-
3 935
surtax
-
-
-
2 776
pensions
-
-
-
8 394
total
-
-
-
24 520
Employee
39 251
-
50 022
-
pensions
3 140
-
4 001
-
income
3 791
-
6 870
-
surtax
2 406
-
3 066
-
health
1 747
-
2 226
-
total
11 084
-
16 163
-
Employer
39 251
-
50 022
-
health
1 197
-
1 526
-
pensions
3 140
-
4 001
-
accident
353
-
450
-
total
4 690
-
5 977
-
Corporate
12 059
56 000
-
-
income
1 809
8 400
-
-
surtax
127
588
-
-
communal
-
3 780
-
-
total
1 936
12 768
-
-
Dividends
10 123
43 232
-
-
income
6 379
2 619
-
-
withholding
1 519
6 485
-
-
total
7 898
9 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 608
21 872
22 140
24 520
After tax
30 392
34 128
33 860
31 480
Living cost
28 167
28 167
28 167
28 167
Free-cash
2 225
5 961
5 693
3 313

Estimated living cost  is ₴28167 per week

₴21130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23582
₴21933
₴16618
₴15651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
118
income
-
-
-
11 039
health
-
-
-
3 976
surtax
-
-
-
1 407
pensions
-
-
-
11 200
other
-
-
-
-
total
-
-
-
27 740
Employee
17 455
-
46 261
-
pensions
1 165
-
3 086
-
unemployment
1 215
-
3 219
-
income
2 926
-
10 217
-
other
-
-
-
-
surtax
62
-
1 268
-
health
446
-
1 179
-
total
5 814
-
18 969
-
Employer
17 455
-
46 261
-
health
794
-
2 105
-
pensions
2 327
-
6 166
-
other
-
-
-
-
unemployment
554
-
1 467
-
total
3 675
-
9 738
-
Corporate
34 870
56 000
-
-
income
9 066
14 560
-
-
total
9 066
14 560
-
-
Dividends
25 805
41 440
-
-
withholding
3 870
6 216
-
-
total
3 870
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 425
20 776
28 707
27 740
After tax
33 575
35 224
27 293
28 260
Living cost
11 642
11 642
11 642
11 642
Free-cash
21 933
23 582
15 651
16 618

Estimated living cost  is ₴11642 per week

₴7029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3331
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15472
₴14323
₴14271
₴11619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
332
national
-
-
-
12 188
regional
-
-
-
844
social contributions
-
-
-
14 403
total
-
-
-
27 767
Employee
28 752
-
56 000
-
national
4 555
-
10 485
-
social contributions
9 695
-
18 883
-
municipal
152
-
297
-
regional
387
-
754
-
total
14 789
-
30 419
-
Employer
28 752
-
56 000
-
total
-
-
-
-
Corporate
27 248
56 000
-
-
municipal
1 354
2 784
-
-
nationa
6 540
13 440
-
-
total
7 894
16 224
-
-
Dividends
19 354
39 777
-
-
withholding
5 032
10 342
-
-
total
5 032
10 342
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 715
26 566
30 419
27 767
After tax
28 285
29 434
25 581
28 233
Living cost
13 962
13 962
13 962
13 962
Free-cash
14 323
15 472
11 619
14 271

Estimated living cost  is ₴13962 per week

₴8683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22688
₴17027
₴11407
₴12550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
4 813
health
-
-
-
7 560
social contributions
-
-
-
16 352
total
-
-
-
28 725
Employee
23 336
-
41 791
-
social contributions
1 517
-
2 716
-
income
2 800
-
5 015
-
solidarity contribution
-
-
-
-
health
3 150
-
5 642
-
total
7 467
-
13 373
-
Employer
23 336
-
41 791
-
social contributions
5 834
-
10 448
-
health
2 100
-
3 761
-
total
7 934
-
14 209
-
Corporate
24 730
56 000
-
-
income
4 699
10 640
-
-
total
4 699
10 640
-
-
Dividends
20 031
45 360
-
-
withholding
3 005
6 804
-
-
total
3 005
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
23 105
17 444
27 582
28 725
After tax
32 895
38 556
28 418
27 275
Living cost
15 868
15 868
15 868
15 868
Free-cash
17 027
22 688
12 550
11 407

Estimated living cost  is ₴15868 per week

₴11801
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14838
₴14585
₴11579
-₴66
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 179
income
-
-
-
9 838
chamber of commerce
-
-
-
224
health
-
-
-
4 284
surtax
-
-
-
-
pensions
-
-
-
10 360
total
-
-
-
27 885
Employee
22 657
20 656
43 486
-
pensions
2 320
2 115
4 453
-
unemployment
680
620
1 304
-
income
2 018
1 524
8 760
-
other
226
207
435
-
health
876
800
1 683
-
total
6 120
5 266
16 635
-
Employer
22 657
20 656
43 486
-
chamber of commerce
90
83
174
-
health
857
781
1 644
-
payroll
680
620
1 304
-
pensions
2 844
2 593
5 457
-
surtax
-
-
-
-
accident
294
269
566
-
other
1 076
981
2 066
-
unemployment
680
620
1 304
-
total
6 521
5 947
12 515
-
Corporate
26 823
29 400
41 519
-
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.

6 706
7 349
10 380
-
total
6 706
7 349
10 380
-
Dividends
20 117
22 050
-
-
withholding
5 532
6 064
-
-
total
5 532
6 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 879
24 626
39 530
27 885
After tax
31 121
31 374
16 470
28 115
Living cost
16 536
16 536
16 536
16 536
Free-cash
14 585
14 838
-66
11 579

Estimated living cost  is ₴16536 per week

₴9920
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴46218
₴44908
₴48458
₴37818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 728
-
56 000
-
income
1 746
-
11 200
-
total
1 746
-
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%.

47 272
56 000
-
-
total
-
-
-
-
Dividends
47 272
56 000
-
-
withholding
2 364
2 800
-
-
total
2 364
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
4 110
2 800
11 200
560
After tax
51 890
53 200
44 800
55 440
Living cost
6 982
6 982
6 982
6 982
Free-cash
44 908
46 218
37 818
48 458

Estimated living cost  is ₴6982 per week

₴4725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴293
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24653
₴20320
₴14888
₴13282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 389
health
-
-
-
5 510
pensions
-
-
-
10 227
total
-
-
-
27 210
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.

22 920
-
48 455
-
pensions
3 553
-
7 511
-
unemployment
32
-
68
-
income
3 952
-
10 562
-
health
1 480
-
3 130
-
total
9 017
-
21 271
-
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.

22 920
-
48 455
-
health
1 527
-
3 227
-
pensions
2 028
-
4 288
-
unemployment
14
-
30
-
total
3 569
-
7 545
-
Corporate
29 512
56 000
-
-
income
5 607
10 640
-
-
total
5 607
10 640
-
-
Dividends
23 904
45 360
-
-
withholding
3 585
6 805
-
-
total
3 585
6 805
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 778
17 445
28 816
27 210
After tax
34 222
38 555
27 184
28 790
Living cost
13 902
13 902
13 902
13 902
Free-cash
20 320
24 653
13 282
14 888

Estimated living cost  is ₴13902 per week

₴9541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9734
-₴28095
₴14364
₴24244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
10 916
social contributions
-
-
-
6 384
total
-
-
-
17 300
Employee
34 894
-
-
-
social contributions
2 861
-
408
-
income
7 697
-
-
-
total
10 558
-
408
-
Employer
34 894
-
-
-
social contributions
49 201
-
7 012
-
total
49 201
-
7 012
-
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
59 759
21 930
7 420
17 300
After tax
-3 759
34 070
48 580
38 700
Living cost
24 336
24 336
24 336
24 336
Free-cash
-28 095
9 734
24 244
14 364

Estimated living cost  is ₴24336 per week

₴15790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5947
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15595
₴15073
₴14860
₴11752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income
-
-
-
5 422
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
24 882
Employee
23 838
-
45 252
-
social contributions
2 622
-
4 978
-
income
4 958
-
12 264
-
surtax
-
-
-
-
total
7 580
-
17 242
-
Employer
23 838
-
45 252
-
social contributions
5 662
-
10 748
-
total
5 662
-
10 748
-
Corporate
26 500
56 000
-
-
income
5 565
11 760
-
-
surtax
-
-
-
-
total
5 565
11 760
-
-
Dividends
20 935
44 240
-
-
withholding
5 862
12 387
-
-
total
5 862
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 669
24 147
27 990
24 882
After tax
31 331
31 853
28 010
31 118
Living cost
16 258
16 258
16 258
16 258
Free-cash
15 073
15 595
11 752
14 860

Estimated living cost  is ₴16258 per week

₴12164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3191
₴6755
₴7095
₴9637
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 923
health
-
-
-
1 266
surtax
-
-
-
-
pensions
-
-
-
13 350
other
-
-
-
1 736
social contributions
-
-
-
1 596
total
-
-
-
23 871
Employee
32 463
-
45 252
-
pensions
3 672
-
2 304
-
social contributions
925
-
1 289
-
income
2 832
-
6 989
-
surtax
-
-
-
-
total
7 429
-
10 582
-
Employer
32 463
-
45 252
-
social contributions
97
-
136
-
health
2 272
-
3 189
-
pensions
5 334
-
4 029
-
other
1 120
-
1 561
-
unemployment
1 315
-
1 832
-
total
10 138
-
10 747
-
Corporate
13 398
56 000
-
-
income
3 751
15 680
-
-
surtax
-
-
-
-
total
3 751
15 680
-
-
Dividends
9 647
40 320
-
-
social contributions
1 659
6 934
-
-
surtax
-
-
-
-
withholding
1 234
5 161
-
-
total
2 893
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 211
27 775
21 329
23 871
After tax
31 789
28 225
34 671
32 129
Living cost
25 034
25 034
25 034
25 034
Free-cash
6 755
3 191
9 637
7 095

Estimated living cost  is ₴25034 per week

₴16942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34820
₴33078
₴26879
₴28367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 221
social contributions
-
-
-
12 320
total
-
-
-
13 541
Employee
16 663
-
48 484
-
social contributions
1 083
-
3 151
-
income
-
-
1 386
-
total
1 083
-
4 537
-
Employer
16 663
-
48 484
-
social contributions
2 583
-
7 516
-
total
2 583
-
7 516
-
Corporate
36 754
56 000
-
-
income
3 676
5 600
-
-
total
3 676
5 600
-
-
Dividends
33 078
50 400
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
7 342
5 600
12 053
13 541
After tax
48 658
50 400
43 947
42 459
Living cost
15 580
15 580
15 580
15 580
Free-cash
33 078
34 820
28 367
26 879

Estimated living cost  is ₴15580 per week

₴10074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴56709
-₴56709
₴9568
-₴56709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
10 622
national
-
-
-
6 004
labour market
-
-
-
4 444
pensions
-
-
-
448
total
-
-
-
21 518
Employee
105 154
105 154
105 154
-
national
12 846
12 846
12 846
-
pensions
149
149
149
-
municipal
22 392
22 392
22 392
-
labour market
8 400
8 400
8 400
-
total
43 787
43 787
43 787
-
Employer
105 154
105 154
105 154
-
municipal
22 428
22 428
22 428
-
labour market
8 412
8 412
8 412
-
national
12 869
12 869
12 869
-
pensions
299
299
299
-
total
44 008
44 008
44 008
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
87 795
87 795
87 795
21 518
After tax
-31 795
-31 795
-31 795
34 482
Living cost
24 914
24 914
24 914
24 914
Free-cash
-56 709
-56 709
-56 709
9 568

Estimated living cost  is ₴24914 per week

₴17051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2204
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴383
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6548
₴2837
₴27320
₴18137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
accident
-
-
-
129
income
-
-
-
14 034
health
-
-
-
1 115
pensions
-
-
-
2 128
other
-
-
-
190
total
-
-
-
17 596
Employee
17 436
-
48 373
-
pensions
1 963
-
3 901
-
income
2 392
-
9 712
-
health
1 997
-
5 539
-
total
6 352
-
19 152
-
Employer
17 436
-
48 373
-
pensions
2 835
-
5 634
-
accident
291
-
808
-
unemployment
427
-
1 185
-
total
3 553
-
7 627
-
Corporate
35 010
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.

31 509
50 400
-
-
total
31 509
50 400
-
-
Dividends
3 501
5 600
-
-
withholding
665
1 064
-
-
total
665
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 079
51 464
26 779
17 596
After tax
13 921
4 536
29 221
38 404
Living cost
11 084
11 084
11 084
11 084
Free-cash
2 837
-6 548
18 137
27 320

Estimated living cost  is ₴11084 per week

₴8068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴17017
₴16320
₴19400
₴11718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 964
national
-
-
-
6 091
health
-
-
-
646
total
-
-
-
16 701
Employee
27 270
-
47 110
-
national
450
-
3 408
-
pensions
1 840
-
3 180
-
unemployment
409
-
706
-
municipal
4 467
-
7 689
-
health
204
-
510
-
total
7 370
-
15 493
-
Employer
27 270
-
47 110
-
health
210
-
363
-
pensions
4 731
-
8 174
-
accident
28
-
47
-
unemployment
177
-
306
-
total
5 146
-
8 890
-
Corporate
23 585
56 000
-
-
income
4 717
11 200
-
-
total
4 717
11 200
-
-
Dividends

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

14 151
33 600
-
-
municipal
2 548
6 048
-
-
national
-
1 836
-
-
total
2 548
7 884
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 781
19 084
24 383
16 701
After tax
36 219
36 916
31 617
39 299
Living cost
19 899
19 899
19 899
19 899
Free-cash
16 320
17 017
11 718
19 400

Estimated living cost  is ₴19899 per week

₴12998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1914
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28966
₴26146
₴27402
₴27100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
6 784
health
-
-
-
1 428
social contributions
-
-
-
8 386
total
-
-
-
16 598
Employee
39 856
39 856
50 840
-
social contributions
1 507
3 308
4 220
-
income
4 340
3 689
6 655
-
health
309
678
865
-
total
6 156
7 675
11 740
-
Employer
39 856
39 856
50 840
-
social contributions
1 507
3 308
4 220
-
health
335
738
940
-
total
1 842
4 046
5 160
-
Corporate
36 002
12 099
-
-
income
4 500
1 513
-
-
total
4 500
1 513
-
-
Dividends
31 502
10 586
-
-
withholding
5 356
1 800
-
-
total
5 356
1 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 854
15 034
16 900
16 598
After tax
38 146
40 966
39 100
39 402
Living cost
12 000
12 000
12 000
12 000
Free-cash
26 146
28 966
27 100
27 402

Estimated living cost  is ₴12000 per week

₴7192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38144
₴35510
₴37177
₴26781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15
income
-
-
-
5 406
health
-
-
-
1 876
pensions
-
-
-
3 297
total
-
-
-
10 594
Employee

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

11 897
-
50 934
-
pensions
1 784
-
7 377
-
unemployment
59
-
246
-
income
813
-
4 121
-
health
1 011
-
4 180
-
total
3 667
-
15 924
-
Employer

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

11 897
-
50 934
-
health
511
-
2 115
-
pensions
654
-
2 705
-
unemployment
59
-
246
-
total
1 224
-
5 066
-
Corporate
42 878
56 000
-
-
income
3 859
5 040
-
-
total
3 859
5 040
-
-
Dividends
39 020
50 960
-
-
withholding
3 511
4 587
-
-
total
3 511
4 587
-
-
Income
56 000
56 000
56 000
56 000
Total tax
12 261
9 627
20 990
10 594
After tax
43 739
46 373
35 010
45 406
Living cost
8 229
8 229
8 229
8 229
Free-cash
35 510
38 144
26 781
37 177

Estimated living cost  is ₴8229 per week

₴5250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
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.
₴2140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23469
₴20749
₴16176
₴15029
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
336
accident
-
-
-
433
income
-
-
-
11 159
pensions
-
-
-
13 595
other
-
-
-
48
total
-
-
-
25 571
Employee
19 165
-
42 463
-
pensions
901
-
1 996
-
unemployment
297
-
658
-
income
3 695
-
10 486
-
other
19
-
42
-
total
4 912
-
13 182
-
Employer
19 165
-
42 463
-
pensions
4 523
-
10 021
-
accident
380
-
841
-
other
153
-
339
-
unemployment
1 054
-
2 335
-
total
6 110
-
13 536
-
Corporate
30 725
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.

4 609
8 400
-
-
total
4 609
8 400
-
-
Dividends
26 116
47 600
-
-
withholding
5 367
9 878
-
-
total
5 367
9 878
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 998
18 278
26 718
25 571
After tax
35 002
37 722
29 282
30 429
Living cost
14 253
14 253
14 253
14 253
Free-cash
20 749
23 469
15 029
16 176

Estimated living cost  is ₴14253 per week

₴9621
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.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3013
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34061
₴33916
₴34998
₴34936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 008
health
-
-
-
467
pensions
-
-
-
644
total
-
-
-
20 119
Employee
1 344
-
55 276
-
pensions
121
-
290
-
unemployment
13
-
32
-
income
260
-
18 974
-
health
67
-
161
-
total
461
-
19 457
-
Employer
1 344
-
55 276
-
health
128
-
306
-
pensions
148
-
354
-
unemployment
27
-
64
-
total
303
-
724
-
Corporate
54 353
56 000
-
-
income
11 958
12 320
-
-
total
11 958
12 320
-
-
Dividends
42 395
43 680
-
-
withholding
8 479
8 736
-
-
total
8 479
8 736
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 201
21 056
20 181
20 119
After tax
34 799
34 944
35 819
35 881
Living cost
883
883
883
883
Free-cash
33 916
34 061
34 936
34 998

Estimated living cost  is ₴883 per week

₴525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31511
₴28967
₴21191
₴21191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
574
income
-
-
-
11 403
health
-
-
-
3 939
pensions
-
-
-
9 944
total
-
-
-
25 860
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.

13 495
-
49 154
-
pensions
1 889
-
5 354
-
unemployment
101
-
287
-
income
1 860
-
11 403
-
health
695
-
1 970
-
total
4 545
-
19 014
-
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.

13 495
-
49 154
-
health
695
-
1 970
-
pensions
1 619
-
4 589
-
unemployment
101
-
287
-
total
2 415
-
6 846
-
Corporate
40 089
56 000
-
-
income
6 013
8 400
-
-
total
6 013
8 400
-
-
Dividends
34 076
47 600
-
-
withholding
5 111
7 140
-
-
total
5 111
7 140
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 084
15 540
25 860
25 860
After tax
37 916
40 460
30 140
30 140
Living cost
8 949
8 949
8 949
8 949
Free-cash
28 967
31 511
21 191
21 191

Estimated living cost  is ₴8949 per week

₴6026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17880
₴17694
₴17145
₴14037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income
-
-
-
5 422
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
24 882
Employee
20 117
-
45 252
-
social contributions
2 213
-
4 978
-
income
3 931
-
12 264
-
surtax
-
-
-
-
total
6 144
-
17 242
-
Employer
20 117
-
45 252
-
social contributions
4 777
-
10 748
-
total
4 777
-
10 748
-
Corporate
31 106
56 000
-
-
income
6 532
11 760
-
-
surtax
-
-
-
-
total
6 532
11 760
-
-
Dividends
24 574
44 240
-
-
withholding
6 880
12 387
-
-
total
6 880
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 333
24 147
27 990
24 882
After tax
31 667
31 853
28 010
31 118
Living cost
13 973
13 973
13 973
13 973
Free-cash
17 694
17 880
14 037
17 145

Estimated living cost  is ₴13973 per week

₴9897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19506
₴15552
₴12213
₴11066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
336
accident
-
-
-
433
income
-
-
-
11 159
pensions
-
-
-
13 595
other
-
-
-
48
total
-
-
-
25 571
Employee
25 032
-
42 463
-
pensions
1 176
-
1 996
-
unemployment
388
-
658
-
income
5 228
-
10 486
-
other
25
-
42
-
total
6 817
-
13 182
-
Employer
25 032
-
42 463
-
pensions
5 907
-
10 021
-
accident
496
-
841
-
other
201
-
339
-
unemployment
1 377
-
2 335
-
total
7 981
-
13 536
-
Corporate
22 987
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.

3 448
8 400
-
-
total
3 448
8 400
-
-
Dividends
19 538
47 600
-
-
withholding
3 986
9 878
-
-
total
3 986
9 878
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 232
18 278
26 718
25 571
After tax
33 768
37 722
29 282
30 429
Living cost
18 216
18 216
18 216
18 216
Free-cash
15 552
19 506
11 066
12 213

Estimated living cost  is ₴18216 per week

₴13082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
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.
₴3461
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38845
₴35645
₴33667
₴35468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73
income
-
-
-
8 400
health
-
-
-
2 110
pensions

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

-
-
-
2 715
total
-
-
-
13 298
Employee
11 963
-
52 401
-
pensions

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

1 050
-
1 611
-
income
1 197
-
5 240
-
health
550
-
844
-
accident

We are using the highest rate at 1.1%.

131
-
202
-
total
2 928
-
7 897
-
Employer
11 963
-
52 401
-
health
826
-
1 266
-
pensions

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

1 318
-
2 022
-
accident

We are using the highest rate at 1.1%.

131
-
202
-
unemployment
72
-
110
-
total
2 347
-
3 600
-
Corporate
41 689
56 000
-
-
income
4 169
5 600
-
-
total
4 169
5 600
-
-
Dividends
37 520
50 400
-
-
withholding
1 876
2 520
-
-
total
1 876
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
11 320
8 120
11 497
13 298
After tax
44 680
47 880
44 503
42 702
Living cost
9 035
9 035
9 035
9 035
Free-cash
35 645
38 845
35 468
33 667

Estimated living cost  is ₴9035 per week

₴5976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8869
₴15648
₴14723
₴19301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 578
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.

-
-
-
12 461
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.

-
-
-
3 541
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.

-
-
-
686
total
-
-
-
21 266
Employee

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

25 789
-
56 000
-
income

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

2 121
-
12 461
-
surtax

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

117
-
686
-
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.

3 541
-
3 541
-
total
5 779
-
16 688
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 211
56 000
-
-
income
4 531
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.

249
462
-
-
trade
4 336
8 036
-
-
chamber of commerce
123
160
-
-
total
9 239
17 058
-
-
Dividends
20 972
38 941
-
-
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.

277
524
-
-
withholding
5 046
9 538
-
-
total
5 323
10 062
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 341
27 120
16 688
21 266
After tax
35 659
28 880
39 312
34 734
Living cost
20 011
20 011
20 011
20 011
Free-cash
15 648
8 869
19 301
14 723

Estimated living cost  is ₴20011 per week

₴13804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2153
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.
₴3763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9675
₴10820
₴7574
₴7574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
13 833
social contributions
-
-
-
5 068
total
-
-
-
18 901
Employee
40 544
-
56 000
-
social contributions
3 368
-
5 068
-
income
7 650
-
13 833
-
total
11 018
-
18 901
-
Employer
40 544
-
56 000
-
total
-
-
-
-
Corporate
15 456
56 000
-
-
income
1 932
7 000
-
-
total
1 932
7 000
-
-
Dividends
13 525
49 000
-
-
withholding
2 705
9 800
-
-
total
2 705
9 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 655
16 800
18 901
18 901
After tax
40 345
39 200
37 099
37 099
Living cost
29 525
29 525
29 525
29 525
Free-cash
10 820
9 675
7 574
7 574

Estimated living cost  is ₴29525 per week

₴22462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14847
₴16659
₴19204
₴22378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
56 000
income
-
-
-
14 754
health

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

-
-
-
3 227
total
-
-
-
17 981
Employee
23 777
-
53 616
-
social contributions
2 382
-
2 384
-
income
2 580
-
10 039
-
total
4 962
-
12 423
-
Employer
23 777
-
53 616
-
social contributions
2 382
-
2 384
-
total
2 382
-
2 384
-
Corporate
29 841
56 000
-
-
income
10 444
19 600
-
-
total
10 444
19 600
-
-
Dividends
19 397
36 400
-
-
social contributions
2 738
2 738
-
-
total
2 738
2 738
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 526
22 338
14 807
17 981
After tax
35 474
33 662
41 193
38 019
Living cost
18 815
18 815
18 815
18 815
Free-cash
16 659
14 847
22 378
19 204

Estimated living cost  is ₴18815 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21160
₴19658
₴20466
₴15467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 203
pensions
-
-
-
3 973
total
-
-
-
16 176
Employee
26 571
-
49 250
-
pensions
2 028
-
4 749
-
income
4 839
-
8 867
-
health
347
-
811
-
total
7 214
-
14 427
-
Employer
26 571
-
49 250
-
health
505
-
935
-
pensions
2 685
-
5 813
-
total
3 190
-
6 748
-
Corporate
26 239
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.

4 986
10 639
-
-
total
4 986
10 639
-
-
Dividends
21 253
45 361
-
-
withholding
1 594
4 843
-
-
total
1 594
4 843
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 984
15 482
21 175
16 176
After tax
39 016
40 518
34 825
39 824
Living cost
19 358
19 358
19 358
19 358
Free-cash
19 658
21 160
15 467
20 466

Estimated living cost  is ₴19358 per week

₴13279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7646
₴2667
₴26222
₴17039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
accident
-
-
-
129
income
-
-
-
14 034
health
-
-
-
1 115
pensions
-
-
-
2 128
other
-
-
-
190
total
-
-
-
17 596
Employee
19 162
-
48 373
-
pensions
2 158
-
3 901
-
income
2 629
-
9 712
-
health
2 194
-
5 539
-
total
6 981
-
19 152
-
Employer
19 162
-
48 373
-
pensions
3 116
-
5 634
-
accident
320
-
808
-
unemployment
469
-
1 185
-
total
3 905
-
7 627
-
Corporate
32 933
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.

29 639
50 400
-
-
total
29 639
50 400
-
-
Dividends
3 293
5 600
-
-
withholding
626
1 064
-
-
total
626
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 151
51 464
26 779
17 596
After tax
14 849
4 536
29 221
38 404
Living cost
12 182
12 182
12 182
12 182
Free-cash
2 667
-7 646
17 039
26 222

Estimated living cost  is ₴12182 per week

₴8940
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40122
₴38078
₴24899
₴28901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
4 144
income
-
-
-
8 699
work injury
-
-
-
280
pensions
-
-
-
10 304
total
-
-
-
24 099
Employee

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

11 203
-
56 000
-
work injury
56
-
207
-
pensions
2 061
-
7 627
-
unemployment
134
-
497
-
income
1 120
-
8 699
-
health insurance
829
-
3 067
-
total
4 200
-
20 097
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 797
56 000
-
-
income

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

-
560
-
-
total
-
560
-
-
Dividends
44 797
55 440
-
-
withholding
6 720
8 316
-
-
total
6 720
8 316
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 920
8 876
20 097
24 099
After tax
45 080
47 124
35 903
31 901
Living cost
7 002
7 002
7 002
7 002
Free-cash
38 078
40 122
28 901
24 899

Estimated living cost  is ₴7002 per week

₴4338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8849
₴6491
₴7229
₴4669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
375
national
-
-
-
12 188
regional
-
-
-
1 157
social contributions
-
-
-
14 403
total
-
-
-
28 123
Employee
43 676
-
56 000
-
national
7 381
-
10 485
-
social contributions
14 727
-
18 883
-
municipal
261
-
334
-
regional
659
-
981
-
total
23 028
-
30 683
-
Employer
43 676
-
56 000
-
total
-
-
-
-
Corporate
12 324
56 000
-
-
municipal
594
2 699
-
-
nationa
2 958
13 440
-
-
total
3 552
16 139
-
-
Dividends
8 772
39 861
-
-
withholding
2 281
10 364
-
-
total
2 281
10 364
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 861
26 503
30 683
28 123
After tax
27 139
29 497
25 317
27 877
Living cost
20 648
20 648
20 648
20 648
Free-cash
6 491
8 849
4 669
7 229

Estimated living cost  is ₴20648 per week

₴14504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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