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
₴18419
₴24093
₴20017
₴15265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 674
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.

-
-
-
2 935
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.

-
-
-
15 129
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.

-
-
-
832
total
-
-
-
24 570
Employee

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

16 430
-
56 000
-
surtax

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

25
-
832
-
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.

459
-
15 129
-
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.

2 935
-
2 935
-
total
3 419
-
18 896
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 570
56 000
-
-
trade
6 233
8 820
-
-
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.

326
462
-
-
income
5 935
8 400
-
-
chamber of commerce
122
146
-
-
total
12 616
17 828
-
-
Dividends
26 954
38 172
-
-
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.

362
516
-
-
withholding
6 575
9 380
-
-
total
6 937
9 896
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 972
27 724
18 896
24 570
After tax
33 028
28 276
37 104
31 430
Living cost
13 011
13 011
13 011
13 011
Free-cash
20 017
15 265
24 093
18 419

Estimated living cost  is ₴13011 per week

₴8184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11727
₴12167
₴12925
₴13286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
602
municipal
-
-
-
5 998
national
-
-
-
9 295
pensions
-
-
-
6 720
total
-
-
-
22 615
Employee
33 574
-
48 411
-
pensions
1 343
-
1 936
-
national
6 426
-
9 631
-
municipal
4 147
-
6 215
-
total
11 916
-
17 782
-
Employer
33 574
-
48 411
-
pensions
2 686
-
3 873
-
social contributions
361
-
520
-
total
3 047
-
4 393
-
Corporate
17 163
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%.

3 433
11 200
-
-
total
3 433
11 200
-
-
Dividends
13 731
44 800
-
-
withholding
3 021
9 856
-
-
total
3 021
9 856
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 417
21 056
22 175
22 615
After tax
34 583
34 944
33 825
33 385
Living cost
21 658
21 658
21 658
21 658
Free-cash
12 925
13 286
12 167
11 727

Estimated living cost  is ₴21658 per week

₴14721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7720
₴22480
₴32340
₴35863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
56 000
social contributions

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

-
-
-
16 458
income
-
-
-
8 605
microenterprise
-
-
-
-
surtax
-
-
-
14 280
total
-
-
-
39 343
Employee
12 552
-
45 128
-
income
2 234
-
8 748
-
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.

1 381
-
4 964
-
surtax
-
-
-
-
total
3 615
-
13 712
-
Employer
12 552
-
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.

3 023
-
10 871
-
surtax
-
-
-
-
total
3 023
-
10 871
-
Corporate
40 425
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%.

8 085
11 200
-
-
total
8 085
11 200
-
-
Dividends

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

32 340
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
14 723
11 200
24 583
39 343
After tax
41 277
44 800
31 417
16 657
Living cost
8 937
8 937
8 937
8 937
Free-cash
32 340
35 863
22 480
7 720

Estimated living cost  is ₴8937 per week

₴5701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14290
₴13688
₴6805
₴9437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
5 297
income
-
-
-
13 385
pensions
-
-
-
5 033
total
-
-
-
23 715
Employee
36 682
36 682
48 017
-
income

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

6 004
6 004
6 004
-
pensions
6 603
5 033
5 033
-
health
5 630
4 789
5 297
-
total
18 237
15 826
16 334
-
Employer
36 682
36 682
48 017
-
pensions
2 553
2 553
3 173
-
health
2 550
2 550
3 169
-
unemployment
1 321
1 321
1 641
-
total
6 424
6 424
7 983
-
Corporate
13 344
12 894
-
-
income
2 669
2 579
-
-
total
2 669
2 579
-
-
Dividends
10 675
10 315
-
-
withholding
1 601
1 547
-
-
income
2 269
2 192
-
-
total
3 870
3 739
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 200
28 568
24 317
23 715
After tax
24 800
27 432
31 683
32 285
Living cost
17 995
17 995
17 995
17 995
Free-cash
6 805
9 437
13 688
14 290

Estimated living cost  is ₴17995 per week

₴12752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13051
₴12604
₴13568
₴13941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
4 236
unemployment
-
-
-
36
accident
-
-
-
73
municipal
-
-
-
13 550
health
-
-
-
2 275
national
-
-
-
2 203
pensions
-
-
-
3 941
total
-
-
-
26 314
Employee
23 703
-
44 545
-
national
-
-
2 024
-
municipal
7 068
-
13 283
-
total
7 068
-
15 307
-
Employer
23 703
-
44 545
-
pensions
2 562
-
3 941
-
other
2 754
-
4 236
-
accident
47
-
73
-
health
1 458
-
2 242
-
unemployment
626
-
962
-
total
7 447
-
11 454
-
Corporate
24 849
56 000
-
-
income
5 467
12 320
-
-
total
5 467
12 320
-
-
Dividends
19 383
43 680
-
-
withholding
5 815
13 104
-
-
total
5 815
13 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 797
25 424
26 761
26 314
After tax
30 203
30 576
29 239
29 686
Living cost
16 635
16 635
16 635
16 635
Free-cash
13 568
13 941
12 604
13 051

Estimated living cost  is ₴16635 per week

₴11025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1632
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.
₴3725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14302
₴20229
₴17148
₴11114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 927
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.

-
-
-
2 935
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.

-
-
-
15 129
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.

-
-
-
832
total
-
-
-
24 823
Employee

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

21 784
-
56 000
-
surtax

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

103
-
832
-
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.

1 872
-
15 129
-
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.

2 935
-
2 935
-
total
4 910
-
18 896
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 216
56 000
-
-
trade
5 629
9 212
-
-
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.

282
462
-
-
income
5 132
8 400
-
-
chamber of commerce
114
145
-
-
total
11 157
18 219
-
-
Dividends
23 059
37 780
-
-
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.

308
510
-
-
withholding
5 602
9 282
-
-
total
5 910
9 792
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 977
28 011
18 896
24 823
After tax
34 023
27 989
37 104
31 177
Living cost
16 875
16 875
16 875
16 875
Free-cash
17 148
11 114
20 229
14 302

Estimated living cost  is ₴16875 per week

₴11286
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
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.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25263
₴24674
₴25202
₴26984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
6 950
health
-
-
-
1 428
income
-
-
-
8 426
total
-
-
-
16 804
Employee
33 031
33 031
51 353
-
income
3 469
3 058
8 174
-
social contributions
1 605
2 741
3 698
-
health
329
562
873
-
total
5 403
6 361
12 745
-
Employer
33 031
33 031
51 353
-
health
358
611
950
-
social contributions
1 605
2 741
3 698
-
total
1 963
3 352
4 648
-
Corporate
34 702
19 616
-
-
income
4 337
2 452
-
-
total
4 337
2 452
-
-
Dividends
30 365
17 164
-
-
withholding
5 162
2 918
-
-
total
5 162
2 918
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 865
15 083
17 393
16 804
After tax
39 135
40 917
38 607
39 196
Living cost
13 933
13 933
13 933
13 933
Free-cash
25 202
26 984
24 674
25 263

Estimated living cost  is ₴13933 per week

₴9524
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30912
₴24582
₴23783
₴23618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 920
income
-
-
-
6 846
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.

11 378
4 528
46 862
-
income
1 391
554
5 729
-
pensions
1 138
453
4 686
-
unemployment
171
68
703
-
health
796
317
3 280
-
total
3 496
1 392
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.

11 378
4 528
46 862
-
pensions
2 219
883
9 138
-
total
2 219
883
9 138
-
Corporate
42 403
50 589
-
-
income
3 816
4 553
-
-
total
3 816
4 553
-
-
Dividends
38 587
46 036
-
-
social contributions
7 473
8 925
-
-
withholding
7 331
8 747
-
-
total
14 804
17 672
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 335
24 500
23 536
17 206
After tax
31 665
31 500
32 464
38 794
Living cost
7 882
7 882
7 882
7 882
Free-cash
23 783
23 618
24 582
30 912

Estimated living cost  is ₴7882 per week

₴5379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴157
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19641
₴21903
₴31756
₴34425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
7 280
income
-
-
-
7 504
pensions
-
-
-
11 200
total
-
-
-
25 984
Employee
12 186
-
41 853
-
income
1 372
-
8 069
-
pensions
244
-
837
-
unemployment
195
-
669
-
total
1 811
-
9 575
-
Employer
12 186
-
41 853
-
pensions
2 437
-
8 371
-
health
1 584
-
5 441
-
unemployment
98
-
335
-
total
4 119
-
14 147
-
Corporate
39 695
56 000
-
-
income
7 939
11 200
-
-
total
7 939
11 200
-
-
Dividends
31 756
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
13 869
11 200
23 722
25 984
After tax
42 131
44 800
32 278
30 016
Living cost
10 375
10 375
10 375
10 375
Free-cash
31 756
34 425
21 903
19 641

Estimated living cost  is ₴10375 per week

₴7116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28954
₴20344
₴3094
-₴4861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
14 674
pensions
-
-
-
1 777
total
-
-
-
17 649
Employee
14 782
-
49 265
-
income
2 028
-
10 623
-
pensions
1 664
-
3 259
-
health
1 693
-
5 641
-
total
5 385
-
19 523
-
Employer
14 782
-
49 265
-
pensions
2 404
-
4 706
-
accident
247
-
823
-
unemployment
362
-
1 207
-
total
3 013
-
6 736
-
Corporate
38 206
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.

34 385
50 400
-
-
total
34 385
50 400
-
-
Dividends
3 821
5 600
-
-
withholding
726
1 064
-
-
total
726
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
43 509
51 464
26 259
17 649
After tax
12 491
4 536
29 741
38 351
Living cost
9 397
9 397
9 397
9 397
Free-cash
3 094
-4 861
20 344
28 954

Estimated living cost  is ₴9397 per week

₴6887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51584
₴40944
₴48621
₴49344
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 820
-
56 000
-
income
964
-
11 200
-
total
964
-
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%.

51 180
56 000
-
-
total
-
-
-
-
Dividends
51 180
56 000
-
-
withholding
2 559
2 800
-
-
total
2 559
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 523
2 800
11 200
560
After tax
52 477
53 200
44 800
55 440
Living cost
3 856
3 856
3 856
3 856
Free-cash
48 621
49 344
40 944
51 584

Estimated living cost  is ₴3856 per week

₴2390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18449
₴20764
₴26796
₴29697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
2 660
health
-
-
-
2 464
income
-
-
-
7 541
pensions

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

-
-
-
13 440
total
-
-
-
26 105
Employee
15 597
-
44 729
-
income
2 685
-
8 313
-
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.

1 092
-
3 131
-
unemployment
156
-
448
-
health
218
-
626
-
total
4 151
-
12 518
-
Employer
15 597
-
44 729
-
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.

2 652
-
7 604
-
other
780
-
2 236
-
accident
125
-
358
-
health
218
-
626
-
unemployment
156
-
448
-
total
3 931
-
11 272
-
Corporate
36 473
56 000
-
-
income
7 659
11 760
-
-
total
7 659
11 760
-
-
Dividends
28 813
44 240
-
-
withholding
2 017
3 097
-
-
total
2 017
3 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 758
14 857
23 790
26 105
After tax
38 242
41 143
32 210
29 895
Living cost
11 446
11 446
11 446
11 446
Free-cash
26 796
29 697
20 764
18 449

Estimated living cost  is ₴11446 per week

₴8087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9794
₴4616
₴7197
₴9970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 885
pensions
-
-
-
3 481
total
-
-
-
17 366
Employee
40 804
-
49 104
-
income
7 355
-
10 432
-
pensions
3 936
-
4 427
-
health
672
-
789
-
total
11 963
-
15 648
-
Employer
40 804
-
49 104
-
pensions
4 818
-
5 963
-
health
775
-
933
-
total
5 593
-
6 896
-
Corporate
9 604
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.

1 824
10 640
-
-
total
1 824
10 640
-
-
Dividends
7 779
45 360
-
-
withholding
583
6 550
-
-
total
583
6 550
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 963
17 190
22 544
17 366
After tax
36 037
38 810
33 456
38 634
Living cost
28 840
28 840
28 840
28 840
Free-cash
7 197
9 970
4 616
9 794

Estimated living cost  is ₴28840 per week

₴21610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3388
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.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37966
₴39950
₴40257
₴42251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60
health
-
-
-
1 725
income
-
-
-
8 400
pensions

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

-
-
-
2 220
total
-
-
-
12 405
Employee
7 454
-
53 058
-
income
745
-
5 306
-
pensions

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

654
-
1 317
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 824
-
7 478
-
Employer
7 454
-
53 058
-
pensions

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

822
-
1 653
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 035
-
unemployment
45
-
90
-
total
1 463
-
2 943
-
Corporate
47 083
56 000
-
-
income
4 708
5 600
-
-
total
4 708
5 600
-
-
Dividends
42 375
50 400
-
-
withholding
2 119
2 520
-
-
total
2 119
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 114
8 120
10 421
12 405
After tax
45 886
47 880
45 579
43 595
Living cost
5 629
5 629
5 629
5 629
Free-cash
40 257
42 251
39 950
37 966

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8466
₴7864
₴4693
₴3613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
5 297
income
-
-
-
13 385
pensions
-
-
-
5 033
total
-
-
-
23 715
Employee
39 825
36 682
48 017
-
income

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

6 004
6 004
6 004
-
pensions
5 033
5 033
5 033
-
health
4 968
4 789
5 297
-
total
16 005
15 826
16 334
-
Employer
39 825
36 682
48 017
-
pensions
2 772
2 553
3 173
-
health
2 767
2 550
3 169
-
unemployment
1 434
1 321
1 641
-
total
6 973
6 424
7 983
-
Corporate
9 202
12 894
-
-
income
1 841
2 579
-
-
total
1 841
2 579
-
-
Dividends
7 361
10 315
-
-
withholding
1 105
1 547
-
-
income
1 564
2 192
-
-
total
2 669
3 739
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 488
28 568
24 317
23 715
After tax
28 512
27 432
31 683
32 285
Living cost
23 819
23 819
23 819
23 819
Free-cash
4 693
3 613
7 864
8 466

Estimated living cost  is ₴23819 per week

₴17571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18149
₴18061
₴24504
₴28199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
14 904
health
-
-
-
7 560
income
-
-
-
5 030
solidarity contribution
-
-
-
-
total
-
-
-
27 494
Employee
15 231
-
41 791
-
income
1 828
-
5 015
-
solidarity contribution
-
-
-
-
social contributions
990
-
2 716
-
health
2 056
-
5 642
-
total
4 874
-
13 373
-
Employer
15 231
-
41 791
-
health
1 371
-
3 761
-
social contributions
3 808
-
10 448
-
total
5 179
-
14 209
-
Corporate
35 590
56 000
-
-
income
6 762
10 640
-
-
total
6 762
10 640
-
-
Dividends
28 828
45 360
-
-
withholding
4 324
6 804
-
-
total
4 324
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 139
17 444
27 582
27 494
After tax
34 861
38 556
28 418
28 506
Living cost
10 357
10 357
10 357
10 357
Free-cash
24 504
28 199
18 061
18 149

Estimated living cost  is ₴10357 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9690
₴7025
₴9510
₴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
-
-
-
56 000
social contributions
-
-
-
14 403
municipal
-
-
-
333
national
-
-
-
12 807
regional
-
-
-
641
total
-
-
-
28 184
Employee
38 176
-
56 000
-
national
6 615
-
11 105
-
social contributions
12 873
-
18 883
-
municipal
202
-
297
-
regional
360
-
564
-
total
20 050
-
30 849
-
Employer
38 176
-
56 000
-
total
-
-
-
-
Corporate
17 824
56 000
-
-
nationa
4 278
13 440
-
-
municipal
695
2 184
-
-
total
4 973
15 624
-
-
Dividends
12 850
40 376
-
-
withholding
3 341
10 498
-
-
total
3 341
10 498
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 364
26 122
30 849
28 184
After tax
27 636
29 878
25 151
27 816
Living cost
18 126
18 126
18 126
18 126
Free-cash
9 510
11 752
7 025
9 690

Estimated living cost  is ₴18126 per week

₴12635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17263
₴16336
₴24409
₴25745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 976
income
-
-
-
12 294
surtax
-
-
-
1 690
pensions
-
-
-
11 200
total
-
-
-
29 258
Employee
14 205
-
46 262
-
income
2 381
-
11 418
-
pensions
947
-
3 085
-
unemployment
989
-
3 220
-
health
363
-
1 180
-
other
-
-
-
-
surtax
46
-
1 544
-
total
4 726
-
20 447
-
Employer
14 205
-
46 262
-
pensions
1 894
-
6 167
-
other
-
-
-
-
health
646
-
2 105
-
unemployment
450
-
1 466
-
total
2 990
-
9 738
-
Corporate
38 805
56 000
-
-
income
10 089
14 560
-
-
total
10 089
14 560
-
-
Dividends
28 716
41 440
-
-
withholding
4 307
6 216
-
-
total
4 307
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 112
20 776
30 185
29 258
After tax
33 888
35 224
25 815
26 742
Living cost
9 479
9 479
9 479
9 479
Free-cash
24 409
25 745
16 336
17 263

Estimated living cost  is ₴9479 per week

₴5796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18932
₴13754
₴18863
₴19108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 885
pensions
-
-
-
3 481
total
-
-
-
17 366
Employee
27 346
-
49 104
-
income
4 925
-
10 432
-
pensions
2 321
-
4 427
-
health
397
-
789
-
total
7 643
-
15 648
-
Employer
27 346
-
49 104
-
pensions
2 960
-
5 963
-
health
519
-
933
-
total
3 479
-
6 896
-
Corporate
25 175
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.

4 784
10 640
-
-
total
4 784
10 640
-
-
Dividends
20 391
45 360
-
-
withholding
1 529
6 550
-
-
total
1 529
6 550
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 435
17 190
22 544
17 366
After tax
38 565
38 810
33 456
38 634
Living cost
19 702
19 702
19 702
19 702
Free-cash
18 863
19 108
13 754
18 932

Estimated living cost  is ₴19702 per week

₴14761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13546
₴10802
₴6979
-₴6953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other

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

-
-
-
1 120
health
-
-
-
126
city
-
-
-
590
national
-
-
-
589
regional
-
-
-
2 317
pensions
-
-
-
5 152
total
-
-
-
9 894
Employee
38 103
-
50 123
-
pensions
3 201
-
4 211
-
national
180
-
462
-
unemployment
-
-
-
-
city
409
-
539
-
health
86
-
113
-
regional
1 248
-
1 986
-
total
5 124
-
7 311
-
Employer
38 103
-
50 123
-
pensions
3 201
-
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.

762
-
1 003
-
health
86
-
113
-
unemployment
-
-
-
-
total
4 049
-
5 327
-
Corporate
13 429
56 000
-
-
regional
2 840
11 844
-
-
national
1 141
4 760
-
-
total
3 981
16 604
-
-
Dividends
9 447
39 396
-
-
withholding
3 307
13 789
-
-
total
3 307
13 789
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 461
30 393
12 638
9 894
After tax
39 539
25 607
43 362
46 106
Living cost
32 560
32 560
32 560
32 560
Free-cash
6 979
-6 953
10 802
13 546

Estimated living cost  is ₴32560 per week

₴21173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴400
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11247
₴17426
₴14989
₴8023
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 179
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.

-
-
-
2 935
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.

-
-
-
15 129
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.

-
-
-
832
total
-
-
-
25 075
Employee

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

25 815
-
56 000
-
surtax

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

167
-
832
-
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.

3 036
-
15 129
-
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.

2 935
-
2 935
-
total
6 138
-
18 896
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 185
56 000
-
-
trade
5 176
9 604
-
-
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
-
-
income
4 527
8 400
-
-
chamber of commerce
108
144
-
-
total
10 060
18 610
-
-
Dividends
20 125
37 389
-
-
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.

267
505
-
-
withholding
4 868
9 184
-
-
total
5 135
9 689
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 333
28 299
18 896
25 075
After tax
34 667
27 701
37 104
30 925
Living cost
19 678
19 678
19 678
19 678
Free-cash
14 989
8 023
17 426
11 247

Estimated living cost  is ₴19678 per week

₴14372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17180
₴18281
₴16065
₴13527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 595
health
-
-
-
1 754
income
-
-
-
7 178
surtax
-
-
-
-
pensions
-
-
-
11 860
total
-
-
-
24 123
Employee
18 384
-
44 488
-
income
1 085
-
7 626
-
pensions
2 079
-
2 616
-
social contributions
524
-
1 268
-
surtax
-
-
-
-
total
3 688
-
11 510
-
Employer
18 384
-
44 488
-
pensions
3 020
-
4 490
-
other
634
-
1 535
-
health
1 287
-
3 551
-
unemployment
744
-
1 802
-
social contributions
55
-
134
-
total
5 740
-
11 512
-
Corporate
31 875
56 000
-
-
surtax
-
-
-
-
income
8 925
15 680
-
-
total
8 925
15 680
-
-
Dividends
22 949
40 320
-
-
surtax
-
-
-
-
social contributions
3 947
6 935
-
-
withholding
2 938
5 161
-
-
total
6 885
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 238
27 776
23 022
24 123
After tax
30 762
28 224
32 978
31 877
Living cost
14 697
14 697
14 697
14 697
Free-cash
16 065
13 527
18 281
17 180

Estimated living cost  is ₴14697 per week

₴9267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
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.
₴3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18637
₴19738
₴17370
₴14984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 595
health
-
-
-
1 754
income
-
-
-
7 178
surtax
-
-
-
-
pensions
-
-
-
11 860
total
-
-
-
24 123
Employee
16 411
-
44 488
-
income
846
-
7 626
-
pensions
1 856
-
2 616
-
social contributions
468
-
1 268
-
surtax
-
-
-
-
total
3 170
-
11 510
-
Employer
16 411
-
44 488
-
pensions
2 697
-
4 490
-
other
567
-
1 535
-
health
1 149
-
3 551
-
unemployment
664
-
1 802
-
social contributions
49
-
134
-
total
5 126
-
11 512
-
Corporate
34 464
56 000
-
-
surtax
-
-
-
-
income
9 650
15 680
-
-
total
9 650
15 680
-
-
Dividends
24 815
40 320
-
-
surtax
-
-
-
-
social contributions
4 268
6 935
-
-
withholding
3 176
5 161
-
-
total
7 444
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 390
27 776
23 022
24 123
After tax
30 610
28 224
32 978
31 877
Living cost
13 240
13 240
13 240
13 240
Free-cash
17 370
14 984
19 738
18 637

Estimated living cost  is ₴13240 per week

₴7679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26854
₴26277
₴25279
₴25057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
7 728
health
-
-
-
3 909
income
-
-
-
8 400
total
-
-
-
20 037
Employee
14 564
-
56 000
-
income
2 429
-
8 977
-
social contributions
2 010
-
7 728
-
health
1 017
-
3 909
-
total
5 456
-
20 614
-
Employer
14 564
-
56 000
-
total
-
-
-
-
Corporate
41 436
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%.

2 072
2 800
-
-
total
2 072
2 800
-
-
Dividends
39 363
53 200
-
-
social contributions
5 432
7 341
-
-
health
2 748
3 713
-
-
withholding
5 904
7 980
-
-
total
14 084
19 034
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 612
21 834
20 614
20 037
After tax
34 388
34 166
35 386
35 963
Living cost
9 109
9 109
9 109
9 109
Free-cash
25 279
25 057
26 277
26 854

Estimated living cost  is ₴9109 per week

₴6096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13030
₴175
₴15372
₴16033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
chamber of commerce
-
-
-
224
unemployment
-
-
-
2 635
health
-
-
-
3 839
income
-
-
-
11 767
surtax
-
-
-
85
pensions
-
-
-
9 284
total
-
-
-
27 834
Employee
21 467
17 118
43 420
-
income
2 444
1 263
9 798
-
pensions
2 198
1 753
4 446
-
unemployment
644
514
1 303
-
health
831
663
1 680
-
other
214
171
434
-
total
6 331
4 364
17 661
-
Employer
21 467
17 118
43 420
-
pensions
2 694
2 149
5 449
-
other
1 020
813
2 062
-
accident
279
223
564
-
health
811
647
1 641
-
payroll
644
514
1 303
-
chamber of commerce
86
68
174
-
unemployment
644
514
1 303
-
surtax
85
85
85
-
total
6 263
5 013
12 581
-
Corporate
28 271
33 870
41 789
-
income

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

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

7 067
8 468
10 447
-
total
7 067
8 468
10 447
-
Dividends
21 203
25 402
-
-
withholding
5 831
6 986
-
-
total
5 831
6 986
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 492
24 831
40 689
27 834
After tax
30 508
31 169
15 311
28 166
Living cost
15 136
15 136
15 136
15 136
Free-cash
15 372
16 033
175
13 030

Estimated living cost  is ₴15136 per week

₴10095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9297
₴5152
₴9255
₴15698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
8 872
communal

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

-
-
-
2 828
national
-
-
-
19 341
total
-
-
-
31 041
Employee

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

30 726
-
43 374
-
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.

2 304
-
3 253
-
national
9 447
-
14 629
-
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.

267
-
377
-
communal

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

1 603
-
2 262
-
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.

1 444
-
2 039
-
total
15 065
-
22 560
-
Employer

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

30 726
-
43 374
-
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.

2 723
-
3 843
-
accident

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

399
-
564
-
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.

1 890
-
2 667
-
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.

448
-
633
-
surtax
3 484
-
4 919
-
total
8 944
-
12 626
-
Corporate
16 330
56 000
-
-
surtax
65
224
-
-
income
3 266
11 200
-
-
total
3 331
11 424
-
-
Dividends
12 999
44 576
-
-
withholding

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

3 743
13 216
-
-
total
3 743
13 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 083
24 640
35 186
31 041
After tax
24 917
31 360
20 814
24 959
Living cost
15 662
15 662
15 662
15 662
Free-cash
9 255
15 698
5 152
9 297

Estimated living cost  is ₴15662 per week

₴10088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15745
₴13681
₴18767
₴22052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
40
unemployment
-
-
-
279
accident
-
-
-
359
income
-
-
-
12 797
pensions
-
-
-
11 267
total
-
-
-
24 742
Employee
21 382
-
43 307
-
income
4 512
-
11 584
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
other
21
-
40
-
total
5 870
-
14 113
-
Employer
21 382
-
43 307
-
pensions
5 046
-
9 396
-
other
170
-
319
-
accident
423
-
788
-
unemployment
1 176
-
2 190
-
total
6 815
-
12 693
-
Corporate
27 802
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.

4 170
8 400
-
-
total
4 170
8 400
-
-
Dividends
23 632
47 600
-
-
withholding
4 865
10 035
-
-
total
4 865
10 035
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 720
18 435
26 806
24 742
After tax
34 280
37 565
29 194
31 258
Living cost
15 513
15 513
15 513
15 513
Free-cash
18 767
22 052
13 681
15 745

Estimated living cost  is ₴15513 per week

₴11424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴6545
₴8777
₴6023
₴10357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 935
income
-
-
-
6 995
communal
-
-
-
3 539
surtax
-
-
-
2 776
pensions
-
-
-
8 394
total
-
-
-
26 111
Employee
32 530
-
50 023
-
income
3 142
-
8 609
-
pensions
2 602
-
4 002
-
health
1 448
-
2 225
-
surtax
1 994
-
3 066
-
total
9 186
-
17 902
-
Employer
32 530
-
50 023
-
pensions
2 602
-
4 002
-
accident
293
-
450
-
health
992
-
1 525
-
total
3 887
-
5 977
-
Corporate
19 583
56 000
-
-
communal
1 322
3 780
-
-
surtax
205
588
-
-
income
2 938
8 400
-
-
total
4 465
12 768
-
-
Dividends
15 118
43 232
-
-
withholding
2 268
6 485
-
-
income
6 827
3 046
-
-
total
9 095
9 531
-
-
Income
56 000
56 000
56 000
56 000
Total tax
26 633
22 299
23 879
26 111
After tax
29 367
33 701
32 121
29 889
Living cost
23 344
23 344
23 344
23 344
Free-cash
6 023
10 357
8 777
6 545

Estimated living cost  is ₴23344 per week

₴17511
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.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17094
₴16167
₴24210
₴25576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 976
income
-
-
-
12 294
surtax
-
-
-
1 690
pensions
-
-
-
11 200
total
-
-
-
29 258
Employee
14 466
-
46 262
-
income
2 425
-
11 418
-
pensions
965
-
3 085
-
unemployment
1 007
-
3 220
-
health
369
-
1 180
-
other
-
-
-
-
surtax
51
-
1 544
-
total
4 817
-
20 447
-
Employer
14 466
-
46 262
-
pensions
1 929
-
6 167
-
other
-
-
-
-
health
658
-
2 105
-
unemployment
459
-
1 466
-
total
3 046
-
9 738
-
Corporate
38 489
56 000
-
-
income
10 007
14 560
-
-
total
10 007
14 560
-
-
Dividends
28 482
41 440
-
-
withholding
4 272
6 216
-
-
total
4 272
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 142
20 776
30 185
29 258
After tax
33 858
35 224
25 815
26 742
Living cost
9 648
9 648
9 648
9 648
Free-cash
24 210
25 576
16 167
17 094

Estimated living cost  is ₴9648 per week

₴5825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴16042
₴13390
₴16910
₴17864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
14 403
municipal
-
-
-
333
national
-
-
-
12 807
regional
-
-
-
844
total
-
-
-
28 387
Employee
23 828
-
56 000
-
national
3 775
-
11 105
-
social contributions
8 035
-
18 883
-
municipal
126
-
297
-
regional
321
-
754
-
total
12 257
-
31 039
-
Employer
23 828
-
56 000
-
total
-
-
-
-
Corporate
32 172
56 000
-
-
nationa
7 721
13 440
-
-
municipal
1 599
2 783
-
-
total
9 320
16 223
-
-
Dividends
22 851
39 777
-
-
withholding
5 942
10 342
-
-
total
5 942
10 342
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 519
26 565
31 039
28 387
After tax
28 481
29 435
24 961
27 613
Living cost
11 571
11 571
11 571
11 571
Free-cash
16 910
17 864
13 390
16 042

Estimated living cost  is ₴11571 per week

₴7196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15743
₴15655
₴21240
₴25793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
14 904
health
-
-
-
7 560
income
-
-
-
5 030
solidarity contribution
-
-
-
-
total
-
-
-
27 494
Employee
18 769
-
41 791
-
income
2 252
-
5 015
-
solidarity contribution
-
-
-
-
social contributions
1 220
-
2 716
-
health
2 534
-
5 642
-
total
6 006
-
13 373
-
Employer
18 769
-
41 791
-
health
1 689
-
3 761
-
social contributions
4 692
-
10 448
-
total
6 381
-
14 209
-
Corporate
30 850
56 000
-
-
income
5 862
10 640
-
-
total
5 862
10 640
-
-
Dividends
24 988
45 360
-
-
withholding
3 748
6 804
-
-
total
3 748
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 997
17 444
27 582
27 494
After tax
34 003
38 556
28 418
28 506
Living cost
12 763
12 763
12 763
12 763
Free-cash
21 240
25 793
15 655
15 743

Estimated living cost  is ₴12763 per week

₴9491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14547
₴1625
₴17302
₴17512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
chamber of commerce
-
-
-
224
unemployment
-
-
-
2 635
health
-
-
-
3 839
income
-
-
-
11 767
surtax
-
-
-
-
pensions
-
-
-
9 284
total
-
-
-
27 749
Employee
18 777
17 118
43 485
-
income
1 673
1 263
9 821
-
pensions
1 923
1 753
4 453
-
unemployment
563
514
1 304
-
health
726
663
1 682
-
other
187
171
434
-
total
5 072
4 364
17 694
-
Employer
18 777
17 118
43 485
-
pensions
2 357
2 149
5 458
-
other
892
813
2 065
-
accident
244
223
565
-
health
710
647
1 643
-
payroll
563
514
1 304
-
chamber of commerce
75
68
174
-
unemployment
563
514
1 304
-
surtax
-
-
-
-
total
5 404
4 928
12 513
-
Corporate
31 819
33 955
41 857
-
income

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

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

7 955
8 489
10 464
-
total
7 955
8 489
10 464
-
Dividends
23 864
25 466
-
-
withholding
6 563
7 003
-
-
total
6 563
7 003
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 994
24 784
40 671
27 749
After tax
31 006
31 216
15 329
28 251
Living cost
13 704
13 704
13 704
13 704
Free-cash
17 302
17 512
1 625
14 547

Estimated living cost  is ₴13704 per week

₴8221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴49431
₴38791
₴46065
₴47191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
microenterprise

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

-
-
-
560
total
-
-
-
560
Employee
7 511
-
56 000
-
income
1 502
-
11 200
-
total
1 502
-
11 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

48 489
56 000
-
-
total
-
-
-
-
Dividends
48 489
56 000
-
-
withholding
2 424
2 800
-
-
total
2 424
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 926
2 800
11 200
560
After tax
52 074
53 200
44 800
55 440
Living cost
6 009
6 009
6 009
6 009
Free-cash
46 065
47 191
38 791
49 431

Estimated living cost  is ₴6009 per week

₴4066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16827
₴15274
₴23441
₴27034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 510
income
-
-
-
11 830
pensions
-
-
-
10 227
total
-
-
-
27 651
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.

18 995
-
48 456
-
income
3 276
-
10 951
-
pensions
2 944
-
7 511
-
unemployment
27
-
68
-
health
1 227
-
3 130
-
total
7 474
-
21 660
-
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.

18 995
-
48 456
-
pensions
1 681
-
4 289
-
health
1 265
-
3 226
-
unemployment
11
-
29
-
total
2 957
-
7 544
-
Corporate
34 048
56 000
-
-
income
6 469
10 640
-
-
total
6 469
10 640
-
-
Dividends
27 578
45 360
-
-
withholding
4 137
6 804
-
-
total
4 137
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 037
17 444
29 204
27 651
After tax
34 963
38 556
26 796
28 349
Living cost
11 522
11 522
11 522
11 522
Free-cash
23 441
27 034
15 274
16 827

Estimated living cost  is ₴11522 per week

₴7907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20107
₴31738
-₴8248
₴15477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
6 384
income
-
-
-
10 916
total
-
-
-
17 300
Employee
26 659
-
-
-
income
5 880
-
-
-
social contributions
2 186
-
312
-
total
8 066
-
312
-
Employer
26 659
-
-
-
social contributions
37 589
-
5 357
-
total
37 589
-
5 357
-
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
45 655
21 930
5 669
17 300
After tax
10 345
34 070
50 331
38 700
Living cost
18 593
18 593
18 593
18 593
Free-cash
-8 248
15 477
31 738
20 107

Estimated living cost  is ₴18593 per week

₴12064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17178
₴13534
₴17947
₴18379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
social contributions

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

-
-
-
19 460
income
-
-
-
5 888
surtax
-
-
-
-
total
-
-
-
25 348
Employee
19 756
-
45 252
-
income
4 109
-
13 268
-
social contributions
2 173
-
4 977
-
surtax
-
-
-
-
total
6 282
-
18 245
-
Employer
19 756
-
45 252
-
social contributions
4 692
-
10 747
-
total
4 692
-
10 747
-
Corporate
31 552
56 000
-
-
surtax
-
-
-
-
income
6 626
11 760
-
-
total
6 626
11 760
-
-
Dividends
24 926
44 240
-
-
withholding
6 979
12 387
-
-
total
6 979
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 579
24 147
28 992
25 348
After tax
31 421
31 853
27 008
30 652
Living cost
13 474
13 474
13 474
13 474
Free-cash
17 947
18 379
13 534
17 178

Estimated living cost  is ₴13474 per week

₴10081
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11130
₴12231
₴10430
₴7477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
1 736
social contributions
-
-
-
1 595
health
-
-
-
1 754
income
-
-
-
7 178
surtax
-
-
-
-
pensions
-
-
-
11 860
total
-
-
-
24 123
Employee
26 904
-
44 488
-
income
2 347
-
7 626
-
pensions
3 043
-
2 616
-
social contributions
766
-
1 268
-
surtax
-
-
-
-
total
6 156
-
11 510
-
Employer
26 904
-
44 488
-
pensions
4 421
-
4 490
-
other
928
-
1 535
-
health
1 883
-
3 551
-
unemployment
1 090
-
1 802
-
social contributions
81
-
134
-
total
8 403
-
11 512
-
Corporate
20 693
56 000
-
-
surtax
-
-
-
-
income
5 794
15 680
-
-
total
5 794
15 680
-
-
Dividends
14 899
40 320
-
-
surtax
-
-
-
-
social contributions
2 563
6 935
-
-
withholding
1 907
5 161
-
-
total
4 470
12 096
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 823
27 776
23 022
24 123
After tax
31 177
28 224
32 978
31 877
Living cost
20 747
20 747
20 747
20 747
Free-cash
10 430
7 477
12 231
11 130

Estimated living cost  is ₴20747 per week

₴14041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29009
₴30497
₴36045
₴37488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
12 320
income
-
-
-
1 759
total
-
-
-
14 079
Employee
13 810
-
48 484
-
social contributions
897
-
3 151
-
income
-
-
1 925
-
total
897
-
5 076
-
Employer
13 810
-
48 484
-
social contributions
2 141
-
7 515
-
total
2 141
-
7 515
-
Corporate
40 050
56 000
-
-
income
4 005
5 600
-
-
total
4 005
5 600
-
-
Dividends
36 045
50 400
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
7 043
5 600
12 591
14 079
After tax
48 957
50 400
43 409
41 921
Living cost
12 912
12 912
12 912
12 912
Free-cash
36 045
37 488
30 497
29 009

Estimated living cost  is ₴12912 per week

₴8349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13420
-₴37544
-₴37544
-₴37544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 082
national
-
-
-
5 999
labour market
-
-
-
4 450
pensions
-
-
-
372
total
-
-
-
21 903
Employee
87 274
87 274
87 274
-
labour market
6 972
6 972
6 972
-
pensions
124
124
124
-
national
10 662
10 662
10 662
-
municipal
18 584
18 584
18 584
-
total
36 342
36 342
36 342
-
Employer
87 274
87 274
87 274
-
pensions
248
248
248
-
municipal
18 614
18 614
18 614
-
national
10 681
10 681
10 681
-
labour market
6 982
6 982
6 982
-
total
36 525
36 525
36 525
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
72 867
72 867
72 867
21 903
After tax
-16 867
-16 867
-16 867
34 097
Living cost
20 677
20 677
20 677
20 677
Free-cash
-37 544
-37 544
-37 544
13 420

Estimated living cost  is ₴20677 per week

₴14152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29093
₴20483
₴3116
-₴4722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
14 674
pensions
-
-
-
1 777
total
-
-
-
17 649
Employee
14 564
-
49 265
-
income
1 998
-
10 623
-
pensions
1 640
-
3 259
-
health
1 668
-
5 641
-
total
5 306
-
19 523
-
Employer
14 564
-
49 265
-
pensions
2 368
-
4 706
-
accident
243
-
823
-
unemployment
357
-
1 207
-
total
2 968
-
6 736
-
Corporate
38 468
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.

34 621
50 400
-
-
total
34 621
50 400
-
-
Dividends
3 847
5 600
-
-
withholding
731
1 064
-
-
total
731
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
43 626
51 464
26 259
17 649
After tax
12 374
4 536
29 741
38 351
Living cost
9 258
9 258
9 258
9 258
Free-cash
3 116
-4 722
20 483
29 093

Estimated living cost  is ₴9258 per week

₴6739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21813
₴14134
₴19972
₴19746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 957
health
-
-
-
683
national
-
-
-
7 055
total
-
-
-
17 695
Employee
22 600
-
47 110
-
pensions
1 525
-
3 180
-
national
373
-
4 368
-
municipal
3 702
-
7 682
-
unemployment
339
-
707
-
health
169
-
546
-
total
6 108
-
16 483
-
Employer
22 600
-
47 110
-
pensions
3 921
-
8 174
-
accident
23
-
47
-
health
174
-
363
-
unemployment
147
-
307
-
total
4 265
-
8 891
-
Corporate
29 136
56 000
-
-
income
5 828
11 200
-
-
total
5 828
11 200
-
-
Dividends

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

17 481
33 600
-
-
municipal
3 147
6 048
-
-
national
188
2 514
-
-
total
3 335
8 562
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 536
19 762
25 374
17 695
After tax
36 464
36 238
30 626
38 305
Living cost
16 492
16 492
16 492
16 492
Free-cash
19 972
19 746
14 134
21 813

Estimated living cost  is ₴16492 per week

₴10772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29251
₴28662
₴28635
₴30972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
6 950
health
-
-
-
1 428
income
-
-
-
8 426
total
-
-
-
16 804
Employee
33 031
33 031
51 353
-
income
3 596
3 058
8 174
-
social contributions
1 249
2 741
3 698
-
health
256
562
873
-
total
5 101
6 361
12 745
-
Employer
33 031
33 031
51 353
-
health
278
611
950
-
social contributions
1 249
2 741
3 698
-
total
1 527
3 352
4 648
-
Corporate
39 427
19 616
-
-
income
4 928
2 452
-
-
total
4 928
2 452
-
-
Dividends
34 498
17 164
-
-
withholding
5 864
2 918
-
-
total
5 864
2 918
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 420
15 083
17 393
16 804
After tax
38 580
40 917
38 607
39 196
Living cost
9 945
9 945
9 945
9 945
Free-cash
28 635
30 972
28 662
29 251

Estimated living cost  is ₴9945 per week

₴5960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39346
₴30729
₴37368
₴39554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12
health
-
-
-
1 555
income
-
-
-
5 535
pensions
-
-
-
2 732
total
-
-
-
9 834
Employee

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

9 860
-
51 802
-
income
674
-
4 470
-
pensions
1 479
-
6 114
-
unemployment
49
-
204
-
health
838
-
3 464
-
total
3 040
-
14 252
-
Employer

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

9 860
-
51 802
-
pensions
542
-
2 242
-
health
424
-
1 753
-
unemployment
49
-
204
-
total
1 015
-
4 199
-
Corporate
45 125
56 000
-
-
income
4 061
5 040
-
-
total
4 061
5 040
-
-
Dividends
41 064
50 960
-
-
withholding
3 696
4 586
-
-
total
3 696
4 586
-
-
Income
56 000
56 000
56 000
56 000
Total tax
11 812
9 626
18 451
9 834
After tax
44 188
46 374
37 549
46 166
Living cost
6 820
6 820
6 820
6 820
Free-cash
37 368
39 554
30 729
39 346

Estimated living cost  is ₴6820 per week

₴4351
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.
₴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.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19446
₴17382
₴23637
₴25753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
40
unemployment
-
-
-
279
accident
-
-
-
359
income
-
-
-
12 797
pensions
-
-
-
11 267
total
-
-
-
24 742
Employee
15 883
-
43 307
-
income
3 062
-
11 584
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
other
15
-
40
-
total
4 070
-
14 113
-
Employer
15 883
-
43 307
-
pensions
3 748
-
9 396
-
other
127
-
319
-
accident
315
-
788
-
unemployment
874
-
2 190
-
total
5 064
-
12 693
-
Corporate
35 053
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.

5 258
8 400
-
-
total
5 258
8 400
-
-
Dividends
29 795
47 600
-
-
withholding
6 159
10 035
-
-
total
6 159
10 035
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 551
18 435
26 806
24 742
After tax
35 449
37 565
29 194
31 258
Living cost
11 812
11 812
11 812
11 812
Free-cash
23 637
25 753
17 382
19 446

Estimated living cost  is ₴11812 per week

₴7973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34539
₴34456
₴33579
₴33772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
health
-
-
-
620
income
-
-
-
18 814
pensions
-
-
-
855
total
-
-
-
20 289
Employee
1 785
-
55 038
-
income
345
-
18 769
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
613
-
19 411
-
Employer
1 785
-
55 038
-
pensions
196
-
470
-
health
170
-
406
-
unemployment
36
-
85
-
total
402
-
961
-
Corporate
53 814
56 000
-
-
income
11 839
12 320
-
-
total
11 839
12 320
-
-
Dividends
41 975
43 680
-
-
withholding
8 395
8 736
-
-
total
8 395
8 736
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 249
21 056
20 372
20 289
After tax
34 751
34 944
35 628
35 711
Living cost
1 172
1 172
1 172
1 172
Free-cash
33 579
33 772
34 456
34 539

Estimated living cost  is ₴1172 per week

₴696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24376
₴24376
₴30924
₴33036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
476
health
-
-
-
3 268
income
-
-
-
12 207
pensions
-
-
-
8 249
total
-
-
-
24 200
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.

11 196
-
50 321
-
income
1 543
-
12 207
-
pensions
1 567
-
4 442
-
unemployment
84
-
238
-
health
577
-
1 634
-
total
3 771
-
18 521
-
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.

11 196
-
50 321
-
pensions
1 343
-
3 807
-
health
577
-
1 634
-
unemployment
84
-
238
-
total
2 004
-
5 679
-
Corporate
42 800
56 000
-
-
income
6 420
8 400
-
-
total
6 420
8 400
-
-
Dividends
36 380
47 600
-
-
withholding
5 457
7 140
-
-
total
5 457
7 140
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 652
15 540
24 200
24 200
After tax
38 348
40 460
31 800
31 800
Living cost
7 424
7 424
7 424
7 424
Free-cash
30 924
33 036
24 376
24 376

Estimated living cost  is ₴7424 per week

₴4999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19071
₴15427
₴20118
₴20272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
social contributions

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

-
-
-
19 460
income
-
-
-
5 888
surtax
-
-
-
-
total
-
-
-
25 348
Employee
16 672
-
45 252
-
income
3 258
-
13 268
-
social contributions
1 834
-
4 977
-
surtax
-
-
-
-
total
5 092
-
18 245
-
Employer
16 672
-
45 252
-
social contributions
3 959
-
10 747
-
total
3 959
-
10 747
-
Corporate
35 369
56 000
-
-
surtax
-
-
-
-
income
7 428
11 760
-
-
total
7 428
11 760
-
-
Dividends
27 941
44 240
-
-
withholding
7 823
12 387
-
-
total
7 823
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 302
24 147
28 992
25 348
After tax
31 698
31 853
27 008
30 652
Living cost
11 580
11 580
11 580
11 580
Free-cash
20 118
20 272
15 427
19 071

Estimated living cost  is ₴11580 per week

₴8202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16162
₴14098
₴19330
₴22469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
40
unemployment
-
-
-
279
accident
-
-
-
359
income
-
-
-
12 797
pensions
-
-
-
11 267
total
-
-
-
24 742
Employee
20 746
-
43 307
-
income
4 333
-
11 584
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
other
20
-
40
-
total
5 649
-
14 113
-
Employer
20 746
-
43 307
-
pensions
4 896
-
9 396
-
other
166
-
319
-
accident
411
-
788
-
unemployment
1 141
-
2 190
-
total
6 614
-
12 693
-
Corporate
28 640
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.

4 296
8 400
-
-
total
4 296
8 400
-
-
Dividends
24 344
47 600
-
-
withholding
5 015
10 035
-
-
total
5 015
10 035
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 574
18 435
26 806
24 742
After tax
34 426
37 565
29 194
31 258
Living cost
15 096
15 096
15 096
15 096
Free-cash
19 330
22 469
14 098
16 162

Estimated living cost  is ₴15096 per week

₴10842
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.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36209
₴38193
₴37878
₴40494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60
health
-
-
-
1 725
income
-
-
-
8 400
pensions

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

-
-
-
2 220
total
-
-
-
12 405
Employee
9 780
-
53 058
-
income
978
-
5 306
-
pensions

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

859
-
1 317
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 394
-
7 478
-
Employer
9 780
-
53 058
-
pensions

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

1 078
-
1 653
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
675
-
1 035
-
unemployment
59
-
90
-
total
1 919
-
2 943
-
Corporate
44 301
56 000
-
-
income
4 430
5 600
-
-
total
4 430
5 600
-
-
Dividends
39 871
50 400
-
-
withholding
1 993
2 520
-
-
total
1 993
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 736
8 120
10 421
12 405
After tax
45 264
47 880
45 579
43 595
Living cost
7 386
7 386
7 386
7 386
Free-cash
37 878
40 494
38 193
36 209

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15350
₴20520
₴17889
₴12267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 170
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.

-
-
-
2 935
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.

-
-
-
15 129
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.

-
-
-
832
total
-
-
-
24 066
Employee

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

21 373
-
56 000
-
surtax

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

97
-
832
-
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.

1 757
-
15 129
-
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.

2 935
-
2 935
-
total
4 789
-
18 896
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 627
56 000
-
-
trade
4 969
8 036
-
-
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.

285
462
-
-
income
5 194
8 400
-
-
chamber of commerce
116
148
-
-
total
10 564
17 046
-
-
Dividends
24 062
38 954
-
-
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.

322
527
-
-
withholding
5 852
9 576
-
-
total
6 174
10 103
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 527
27 149
18 896
24 066
After tax
34 473
28 851
37 104
31 934
Living cost
16 584
16 584
16 584
16 584
Free-cash
17 889
12 267
20 520
15 350

Estimated living cost  is ₴16584 per week

₴11440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10976
₴10976
₴15679
₴14731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
5 255
income
-
-
-
15 300
total
-
-
-
20 555
Employee
33 601
-
56 000
-
social contributions
2 792
-
5 255
-
income
6 340
-
15 300
-
total
9 132
-
20 555
-
Employer
33 601
-
56 000
-
total
-
-
-
-
Corporate
22 399
56 000
-
-
income
2 800
7 000
-
-
total
2 800
7 000
-
-
Dividends
19 599
49 000
-
-
withholding
3 920
9 800
-
-
total
3 920
9 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 852
16 800
20 555
20 555
After tax
40 148
39 200
35 445
35 445
Living cost
24 469
24 469
24 469
24 469
Free-cash
15 679
14 731
10 976
10 976

Estimated living cost  is ₴24469 per week

₴18616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴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

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
₴25333
₴25423
₴20040
₴18538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
56 000
health

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

-
-
-
2 847
income
-
-
-
12 227
total
-
-
-
15 074
Employee
19 705
-
54 024
-
social contributions
1 974
-
1 976
-
income
2 138
-
11 032
-
total
4 112
-
13 008
-
Employer
19 705
-
54 024
-
social contributions
1 974
-
1 976
-
total
1 974
-
1 976
-
Corporate
34 320
56 000
-
-
income
12 012
19 600
-
-
total
12 012
19 600
-
-
Dividends
22 308
36 400
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 367
21 869
14 984
15 074
After tax
35 633
34 131
41 016
40 926
Living cost
15 593
15 593
15 593
15 593
Free-cash
20 040
18 538
25 423
25 333

Estimated living cost  is ₴15593 per week

₴10271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
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.
₴3853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22617
₴17439
₴23508
₴22793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 885
pensions
-
-
-
3 481
total
-
-
-
17 366
Employee
21 986
-
49 104
-
income
4 004
-
10 432
-
pensions
1 678
-
4 427
-
health
287
-
789
-
total
5 969
-
15 648
-
Employer
21 986
-
49 104
-
pensions
2 221
-
5 963
-
health
418
-
933
-
total
2 639
-
6 896
-
Corporate
31 375
56 000
-
-
income

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

5 961
10 640
-
-
total
5 961
10 640
-
-
Dividends
25 413
45 360
-
-
withholding
1 906
6 550
-
-
total
1 906
6 550
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 475
17 190
22 544
17 366
After tax
39 525
38 810
33 456
38 634
Living cost
16 017
16 017
16 017
16 017
Free-cash
23 508
22 793
17 439
22 617

Estimated living cost  is ₴16017 per week

₴10988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28176
₴19566
₴2976
-₴5639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
14 674
pensions
-
-
-
1 777
total
-
-
-
17 649
Employee
16 006
-
49 265
-
income
2 196
-
10 623
-
pensions
1 802
-
3 259
-
health
1 833
-
5 641
-
total
5 831
-
19 523
-
Employer
16 006
-
49 265
-
pensions
2 602
-
4 706
-
accident
267
-
823
-
unemployment
392
-
1 207
-
total
3 261
-
6 736
-
Corporate
36 733
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.

33 059
50 400
-
-
total
33 059
50 400
-
-
Dividends
3 673
5 600
-
-
withholding
698
1 064
-
-
total
698
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 849
51 464
26 259
17 649
After tax
13 151
4 536
29 741
38 351
Living cost
10 175
10 175
10 175
10 175
Free-cash
2 976
-5 639
19 566
28 176

Estimated living cost  is ₴10175 per week

₴7467
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.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25866
₴31827
₴39319
₴41326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
280
unemployment
-
-
-
672
income
-
-
-
8 936
health insurance
-
-
-
4 144
pensions
-
-
-
10 304
total
-
-
-
24 336
Employee

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

9 277
-
56 000
-
income
928
-
8 936
-
work injury
46
-
172
-
pensions
1 707
-
6 315
-
unemployment
111
-
412
-
health insurance
686
-
2 540
-
total
3 478
-
18 375
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 723
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%.

467
560
-
-
total
467
560
-
-
Dividends
46 256
55 440
-
-
withholding
6 938
8 316
-
-
total
6 938
8 316
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 883
8 876
18 375
24 336
After tax
45 117
47 124
37 625
31 664
Living cost
5 798
5 798
5 798
5 798
Free-cash
39 319
41 326
31 827
25 866

Estimated living cost  is ₴5798 per week

₴3592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴10065
₴7504
₴10432
₴12385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
social contributions
-
-
-
14 403
municipal
-
-
-
374
national
-
-
-
12 807
regional
-
-
-
1 239
total
-
-
-
28 823
Employee
36 197
-
56 000
-
national
6 117
-
11 105
-
social contributions
12 205
-
18 883
-
municipal
216
-
334
-
regional
546
-
1 062
-
total
19 084
-
31 384
-
Employer
36 197
-
56 000
-
total
-
-
-
-
Corporate
19 803
56 000
-
-
nationa
4 752
13 440
-
-
municipal
955
2 699
-
-
total
5 707
16 139
-
-
Dividends
14 096
39 861
-
-
withholding
3 665
10 364
-
-
total
3 665
10 364
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 456
26 503
31 384
28 823
After tax
27 544
29 497
24 616
27 177
Living cost
17 112
17 112
17 112
17 112
Free-cash
10 432
12 385
7 504
10 065

Estimated living cost  is ₴17112 per week

₴12020
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.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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