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
₴13135
₴23885
₴18731
₴18673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income

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

-
-
-
12 827
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.

-
-
-
706
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
5 154
total
-
-
-
22 107
Employee

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

19 145
-
56 000
-
surtax

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

29
-
706
-
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.

535
-
12 827
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
3 984
-
16 953
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 855
56 000
-
-
income
5 528
8 400
-
-
surtax

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

304
462
-
-
chamber of commerce
129
157
-
-
trade
5 805
8 820
-
-
total
11 766
17 839
-
-
Dividends
25 088
38 162
-
-
surtax

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

334
514
-
-
withholding
6 081
9 350
-
-
total
6 415
9 864
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 165
27 703
16 953
22 107
After tax
33 835
28 297
39 047
33 893
Living cost
15 162
15 162
15 162
15 162
Free-cash
18 673
13 135
23 885
18 731

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8313
₴7506
₴7066
₴7870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 876
national
-
-
-
9 105
pensions
-
-
-
6 720
total
-
-
-
22 303
Employee
41 284
-
48 411
-
municipal
5 099
-
6 093
-
pensions
1 651
-
1 936
-
national
7 902
-
9 441
-
total
14 652
-
17 470
-
Employer
41 284
-
48 411
-
pensions
3 303
-
3 873
-
social contributions
444
-
520
-
total
3 747
-
4 393
-
Corporate
8 245
56 000
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

1 649
11 200
-
-
total
1 649
11 200
-
-
Dividends
6 596
44 800
-
-
withholding
1 451
9 856
-
-
total
1 451
9 856
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 499
21 056
21 863
22 303
After tax
34 501
34 944
34 137
33 697
Living cost
26 631
26 631
26 631
26 631
Free-cash
7 870
8 313
7 506
7 066

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34386
₴21082
₴19413
₴30280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
56 000
income
-
-
-
8 169
surtax
-
-
-
-
social contributions

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

-
-
-
18 004
microenterprise
-
-
-
-
total
-
-
-
26 173
Employee
14 627
-
45 128
-
surtax
-
-
-
-
social contributions

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

1 609
-
4 964
-
income
2 604
-
8 668
-
total
4 213
-
13 632
-
Employer
14 627
-
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.

3 523
-
10 872
-
surtax
-
-
-
-
total
3 523
-
10 872
-
Corporate
37 850
56 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

7 570
11 200
-
-
total
7 570
11 200
-
-
Dividends

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

30 280
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 306
11 200
24 504
26 173
After tax
40 694
44 800
31 496
29 827
Living cost
10 414
10 414
10 414
10 414
Free-cash
30 280
34 386
21 082
19 413

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
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.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6277
₴7963
₴10946
₴3210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 047
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
24 085
Employee
42 746
42 746
47 655
-
pensions
7 694
5 865
5 865
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
5 861
-
total
21 252
18 443
18 723
-
Employer
42 746
42 746
47 655
-
health
2 971
2 971
3 312
-
pensions
2 975
2 975
3 317
-
unemployment
1 539
1 539
1 716
-
total
7 485
7 485
8 345
-
Corporate
6 293
5 769
-
-
income
1 259
1 154
-
-
total
1 259
1 154
-
-
Dividends
5 035
4 615
-
-
income
1 070
980
-
-
withholding
755
692
-
-
total
1 825
1 672
-
-
Income
56 000
56 000
56 000
56 000
Total tax
31 821
28 754
27 068
24 085
After tax
24 179
27 246
28 932
31 915
Living cost
20 969
20 969
20 969
20 969
Free-cash
3 210
6 277
7 963
10 946

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10443
₴9582
₴9887
₴9991
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
accident
-
-
-
88
other
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
12 887
national
-
-
-
311
pensions
-
-
-
4 770
total
-
-
-
25 980
Employee
28 688
-
42 611
-
municipal
8 555
-
12 707
-
national
-
-
190
-
total
8 555
-
12 897
-
Employer
28 688
-
42 611
-
health
1 764
-
2 621
-
pensions
3 101
-
4 606
-
accident
57
-
85
-
unemployment
757
-
1 125
-
other
3 334
-
4 951
-
total
9 013
-
13 388
-
Corporate
18 298
56 000
-
-
income
4 026
12 320
-
-
total
4 026
12 320
-
-
Dividends
14 273
43 680
-
-
withholding
4 282
13 104
-
-
total
4 282
13 104
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 876
25 424
26 285
25 980
After tax
30 124
30 576
29 715
30 020
Living cost
20 133
20 133
20 133
20 133
Free-cash
9 991
10 443
9 582
9 887

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8345
₴19383
₴13999
₴15378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income

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

-
-
-
12 827
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.

-
-
-
706
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
5 384
total
-
-
-
22 337
Employee

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

25 384
-
56 000
-
surtax

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

120
-
706
-
income

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

2 181
-
12 827
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
5 721
-
16 953
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 616
56 000
-
-
income
4 592
8 400
-
-
surtax

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

253
462
-
-
chamber of commerce
120
156
-
-
trade
5 036
9 212
-
-
total
10 001
18 230
-
-
Dividends
20 615
37 770
-
-
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.

273
509
-
-
withholding
4 963
9 252
-
-
total
5 236
9 761
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 958
27 991
16 953
22 337
After tax
35 042
28 009
39 047
33 663
Living cost
19 664
19 664
19 664
19 664
Free-cash
15 378
8 345
19 383
13 999

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴24722
₴22625
₴23125
₴22647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
7 112
social contributions
-
-
-
8 099
health
-
-
-
1 428
total
-
-
-
16 639
Employee
38 491
38 491
50 840
-
social contributions
1 870
3 195
4 219
-
income
4 042
3 563
6 897
-
health
383
654
864
-
total
6 295
7 412
11 980
-
Employer
38 491
38 491
50 840
-
health
417
712
940
-
social contributions
1 870
3 195
4 219
-
total
2 287
3 907
5 159
-
Corporate
31 182
13 602
-
-
income
3 897
1 700
-
-
total
3 897
1 700
-
-
Dividends
27 284
11 902
-
-
withholding
4 638
2 023
-
-
total
4 638
2 023
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 117
15 042
17 139
16 639
After tax
38 883
40 958
38 861
39 361
Living cost
16 236
16 236
16 236
16 236
Free-cash
22 647
24 722
22 625
23 125

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22552
₴23494
₴29824
₴22740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
6 846
unemployment
-
-
-
840
health
-
-
-
3 920
pensions
-
-
-
5 600
total
-
-
-
17 206
Employee

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

The minimum wage is 138,000 HUF per month.

12 948
5 153
46 862
-
unemployment
194
77
703
-
pensions
1 295
515
4 686
-
income
1 583
630
5 729
-
health
906
361
3 280
-
total
3 978
1 583
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.

12 948
5 153
46 862
-
pensions
2 525
1 005
9 138
-
total
2 525
1 005
9 138
-
Corporate
40 527
49 842
-
-
income
3 647
4 486
-
-
total
3 647
4 486
-
-
Dividends
36 880
45 356
-
-
social contributions
7 133
8 786
-
-
withholding
7 007
8 618
-
-
total
14 140
17 404
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 290
24 478
23 536
17 206
After tax
31 710
31 522
32 464
38 794
Living cost
8 970
8 970
8 970
8 970
Free-cash
22 740
22 552
23 494
29 824

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32710
₴20188
₴17927
₴29600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
7 504
health
-
-
-
7 280
pensions
-
-
-
11 199
total
-
-
-
25 983
Employee
14 200
-
41 854
-
unemployment
227
-
670
-
pensions
284
-
837
-
income
1 599
-
8 069
-
total
2 110
-
9 576
-
Employer
14 200
-
41 854
-
health
1 846
-
5 441
-
pensions
2 840
-
8 371
-
unemployment
114
-
334
-
total
4 800
-
14 146
-
Corporate
37 000
56 000
-
-
income
7 400
11 200
-
-
total
7 400
11 200
-
-
Dividends
29 600
44 800
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
14 310
11 200
23 722
25 983
After tax
41 690
44 800
32 278
30 017
Living cost
12 090
12 090
12 090
12 090
Free-cash
29 600
32 710
20 188
17 927

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6623
₴18087
₴27243
₴2825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
14 065
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
17 598
Employee
17 554
-
48 417
-
pensions
1 977
-
3 870
-
income
2 408
-
9 757
-
health
2 010
-
5 544
-
total
6 395
-
19 171
-
Employer
17 554
-
48 417
-
pensions
2 854
-
5 588
-
accident
293
-
809
-
unemployment
430
-
1 186
-
total
3 577
-
7 583
-
Corporate
34 868
56 000
-
-
income

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

31 381
50 400
-
-
total
31 381
50 400
-
-
Dividends
3 487
5 600
-
-
withholding
663
1 064
-
-
total
663
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 016
51 464
26 754
17 598
After tax
13 984
4 536
29 246
38 402
Living cost
11 159
11 159
11 159
11 159
Free-cash
2 825
-6 623
18 087
27 243

Estimated living cost  is ₴11159 per week

₴8179
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.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49174
₴40774
₴51414
₴48420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
microenterprise

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

-
-
-
560
total
-
-
-
560
Employee
5 032
-
56 000
-
income
1 006
-
11 200
-
total
1 006
-
11 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

50 968
56 000
-
-
total
-
-
-
-
Dividends
50 968
56 000
-
-
withholding
2 548
2 800
-
-
total
2 548
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 554
2 800
11 200
560
After tax
52 446
53 200
44 800
55 440
Living cost
4 026
4 026
4 026
4 026
Free-cash
48 420
49 174
40 774
51 414

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27805
₴19173
₴16857
₴24425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
7 241
other
-
-
-
2 660
health
-
-
-
2 464
pensions

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

-
-
-
13 440
total
-
-
-
25 805
Employee
18 175
-
44 727
-
unemployment
181
-
447
-
pensions

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

1 272
-
3 131
-
income
3 129
-
8 013
-
health
255
-
626
-
total
4 837
-
12 217
-
Employer
18 175
-
44 727
-
health
255
-
626
-
pensions

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

3 090
-
7 604
-
accident
145
-
358
-
unemployment
181
-
447
-
other
909
-
2 237
-
total
4 580
-
11 272
-
Corporate
33 245
56 000
-
-
income
6 982
11 760
-
-
total
6 982
11 760
-
-
Dividends
26 263
44 240
-
-
withholding
1 838
3 097
-
-
total
1 838
3 097
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 237
14 857
23 489
25 805
After tax
37 763
41 143
32 511
30 195
Living cost
13 338
13 338
13 338
13 338
Free-cash
24 425
27 805
19 173
16 857

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
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.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6571
₴877
₴5988
₴1475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 557
pensions
-
-
-
3 869
total
-
-
-
16 426
Employee
47 520
-
49 219
-
pensions
4 584
-
4 788
-
income
8 566
-
9 150
-
health
783
-
818
-
total
13 933
-
14 756
-
Employer
47 520
-
49 219
-
health
902
-
936
-
pensions
5 611
-
5 845
-
total
6 513
-
6 781
-
Corporate
1 967
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.

374
10 640
-
-
total
374
10 640
-
-
Dividends
1 593
45 360
-
-
withholding
119
5 203
-
-
total
119
5 203
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 939
15 843
21 537
16 426
After tax
35 061
40 157
34 463
39 574
Living cost
33 586
33 586
33 586
33 586
Free-cash
1 475
6 571
877
5 988

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴41317
₴38219
₴36368
₴38991
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
8 400
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
13 069
Employee
8 690
-
52 570
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
5 257
-
health
400
-
804
-
total
2 128
-
7 788
-
Employer
8 690
-
52 570
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
45 604
56 000
-
-
income
4 560
5 600
-
-
total
4 560
5 600
-
-
Dividends
41 044
50 400
-
-
withholding
2 052
2 520
-
-
total
2 052
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 446
8 120
11 218
13 069
After tax
45 554
47 880
44 782
42 931
Living cost
6 563
6 563
6 563
6 563
Free-cash
38 991
41 317
38 219
36 368

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
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.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴511
₴1175
₴4158
₴746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 047
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
24 085
Employee
46 408
42 746
47 655
-
pensions
5 865
5 865
5 865
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
5 861
-
total
18 652
18 443
18 723
-
Employer
46 408
42 746
47 655
-
health
3 225
2 971
3 312
-
pensions
3 230
2 975
3 317
-
unemployment
1 671
1 539
1 716
-
total
8 126
7 485
8 345
-
Corporate
1 466
5 769
-
-
income
294
1 154
-
-
total
294
1 154
-
-
Dividends
1 173
4 615
-
-
income
249
980
-
-
withholding
176
692
-
-
total
425
1 672
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 497
28 754
27 068
24 085
After tax
28 503
27 246
28 932
31 915
Living cost
27 757
27 757
27 757
27 757
Free-cash
746
-511
1 175
4 158

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
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.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26299
₴16161
₴15018
₴21927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
4 813
social contributions
-
-
-
16 352
solidarity contribution
-
-
-
-
health
-
-
-
7 560
total
-
-
-
28 725
Employee
18 025
-
41 791
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
2 716
-
income
2 163
-
5 015
-
health
2 433
-
5 642
-
total
5 768
-
13 373
-
Employer
18 025
-
41 791
-
health
1 622
-
3 761
-
social contributions
4 506
-
10 448
-
total
6 128
-
14 209
-
Corporate
31 846
56 000
-
-
income
6 051
10 640
-
-
total
6 051
10 640
-
-
Dividends
25 795
45 360
-
-
withholding
3 869
6 804
-
-
total
3 869
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 816
17 444
27 582
28 725
After tax
34 184
38 556
28 418
27 275
Living cost
12 257
12 257
12 257
12 257
Free-cash
21 927
26 299
16 161
15 018

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8757
₴4538
₴7203
₴6142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
629
municipal
-
-
-
332
national
-
-
-
12 311
total
-
-
-
27 675
Employee
44 487
-
56 000
-
municipal
236
-
297
-
national
7 709
-
10 609
-
regional
420
-
551
-
social contributions
15 001
-
18 883
-
total
23 366
-
30 340
-
Employer
44 487
-
56 000
-
total
-
-
-
-
Corporate
11 513
56 000
-
-
municipal
449
2 184
-
-
nationa
2 763
13 440
-
-
total
3 212
15 624
-
-
Dividends
8 301
40 376
-
-
withholding
2 158
10 497
-
-
total
2 158
10 497
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 736
26 121
30 340
27 675
After tax
27 264
29 879
25 660
28 325
Living cost
21 122
21 122
21 122
21 122
Free-cash
6 142
8 757
4 538
7 203

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
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.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24178
₴15992
₴16911
₴22620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
11 291
other
-
-
-
-
surtax
-
-
-
1 463
unemployment
-
-
-
114
health
-
-
-
3 975
pensions
-
-
-
11 200
total
-
-
-
28 043
Employee
16 553
-
46 262
-
other
-
-
-
-
unemployment
1 152
-
3 220
-
pensions
1 104
-
3 085
-
surtax
54
-
1 318
-
income
2 775
-
10 420
-
health
423
-
1 180
-
total
5 508
-
19 223
-
Employer
16 553
-
46 262
-
health
753
-
2 105
-
pensions
2 207
-
6 167
-
unemployment
524
-
1 467
-
other
-
-
-
-
total
3 484
-
9 739
-
Corporate
35 962
56 000
-
-
income
9 350
14 560
-
-
total
9 350
14 560
-
-
Dividends
26 613
41 440
-
-
withholding
3 992
6 216
-
-
total
3 992
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 334
20 776
28 962
28 043
After tax
33 666
35 224
27 038
27 957
Living cost
11 046
11 046
11 046
11 046
Free-cash
22 620
24 178
15 992
16 911

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17212
₴11518
₴16629
₴15062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 557
pensions
-
-
-
3 869
total
-
-
-
16 426
Employee
31 846
-
49 219
-
pensions
2 703
-
4 788
-
income
5 736
-
9 150
-
health
462
-
818
-
total
8 901
-
14 756
-
Employer
31 846
-
49 219
-
health
605
-
936
-
pensions
3 447
-
5 845
-
total
4 052
-
6 781
-
Corporate
20 101
56 000
-
-
income

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

3 819
10 640
-
-
total
3 819
10 640
-
-
Dividends
16 282
45 360
-
-
withholding
1 221
5 203
-
-
total
1 221
5 203
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 993
15 843
21 537
16 426
After tax
38 007
40 157
34 463
39 574
Living cost
22 945
22 945
22 945
22 945
Free-cash
15 062
17 212
11 518
16 629

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
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.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13994
₴4175
₴6954
₴2947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
other

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

-
-
-
1 120
regional
-
-
-
2 034
health
-
-
-
129
city
-
-
-
590
national
-
-
-
419
pensions
-
-
-
5 152
total
-
-
-
9 444
Employee
46 345
-
50 122
-
unemployment
-
-
-
-
pensions
3 894
-
4 211
-
national
219
-
304
-
regional
1 518
-
1 730
-
city
497
-
538
-
health
105
-
113
-
total
6 233
-
6 896
-
Employer
46 345
-
50 122
-
health
105
-
113
-
pensions
3 894
-
4 211
-
unemployment
-
-
-
-
other

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

927
-
1 003
-
total
4 926
-
5 327
-
Corporate
4 221
56 000
-
-
regional
893
11 844
-
-
national
359
4 760
-
-
total
1 252
16 604
-
-
Dividends
2 969
39 395
-
-
withholding
1 040
13 788
-
-
total
1 040
13 788
-
-
Income
56 000
56 000
56 000
56 000
Total tax
13 451
30 392
12 223
9 444
After tax
42 549
25 608
43 777
46 556
Living cost
39 602
39 602
39 602
39 602
Free-cash
2 947
-13 994
4 175
6 954

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4790
₴16116
₴10503
₴12906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income

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

-
-
-
12 827
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.

-
-
-
706
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
5 613
total
-
-
-
22 566
Employee

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

30 083
-
56 000
-
surtax

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

195
-
706
-
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.

3 537
-
12 827
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
7 152
-
16 953
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 917
56 000
-
-
income
3 888
8 400
-
-
surtax

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

214
462
-
-
chamber of commerce
112
155
-
-
trade
4 445
9 604
-
-
total
8 659
18 621
-
-
Dividends
17 259
37 380
-
-
surtax

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

227
503
-
-
withholding
4 125
9 155
-
-
total
4 352
9 658
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 163
28 279
16 953
22 566
After tax
35 837
27 721
39 047
33 434
Living cost
22 931
22 931
22 931
22 931
Free-cash
12 906
4 790
16 116
10 503

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11099
₴17206
₴14953
₴14055
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
6 174
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 596
health
-
-
-
1 363
pensions
-
-
-
13 052
total
-
-
-
23 921
Employee
21 423
-
45 099
-
pensions
2 422
-
2 366
-
surtax
-
-
-
-
social contributions
611
-
1 285
-
income
1 264
-
7 116
-
total
4 297
-
10 767
-
Employer
21 423
-
45 099
-
health
1 500
-
3 262
-
pensions
3 519
-
4 121
-
unemployment
867
-
1 827
-
social contributions
65
-
135
-
other
739
-
1 556
-
total
6 690
-
10 901
-
Corporate
27 887
56 000
-
-
income
7 808
15 680
-
-
surtax
-
-
-
-
total
7 808
15 680
-
-
Dividends
20 078
40 320
-
-
surtax
-
-
-
-
social contributions
3 454
6 934
-
-
withholding
2 570
5 161
-
-
total
6 024
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 819
27 775
21 668
23 921
After tax
31 181
28 225
34 332
32 079
Living cost
17 126
17 126
17 126
17 126
Free-cash
14 055
11 099
17 206
14 953

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴12796
₴18903
₴16650
₴15577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
6 174
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 596
health
-
-
-
1 363
pensions
-
-
-
13 052
total
-
-
-
23 921
Employee
19 123
-
45 099
-
pensions
2 163
-
2 366
-
surtax
-
-
-
-
social contributions
545
-
1 285
-
income
986
-
7 116
-
total
3 694
-
10 767
-
Employer
19 123
-
45 099
-
health
1 338
-
3 262
-
pensions
3 142
-
4 121
-
unemployment
774
-
1 827
-
social contributions
57
-
135
-
other
660
-
1 556
-
total
5 971
-
10 901
-
Corporate
30 905
56 000
-
-
income
8 654
15 680
-
-
surtax
-
-
-
-
total
8 654
15 680
-
-
Dividends
22 251
40 320
-
-
surtax
-
-
-
-
social contributions
3 827
6 934
-
-
withholding
2 848
5 161
-
-
total
6 675
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 994
27 775
21 668
23 921
After tax
31 006
28 225
34 332
32 079
Living cost
15 429
15 429
15 429
15 429
Free-cash
15 577
12 796
18 903
16 650

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23551
₴25139
₴25349
₴23811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
8 400
social contributions
-
-
-
7 728
health
-
-
-
3 909
total
-
-
-
20 037
Employee
16 972
-
56 000
-
social contributions
2 342
-
7 728
-
income
2 831
-
8 610
-
health
1 185
-
3 909
-
total
6 358
-
20 247
-
Employer
16 972
-
56 000
-
total
-
-
-
-
Corporate
39 028
56 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

1 951
2 800
-
-
total
1 951
2 800
-
-
Dividends
37 077
53 200
-
-
social contributions
5 116
7 342
-
-
withholding
5 562
7 980
-
-
health
2 588
3 713
-
-
total
13 266
19 035
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 575
21 835
20 247
20 037
After tax
34 425
34 165
35 753
35 963
Living cost
10 614
10 614
10 614
10 614
Free-cash
23 811
23 551
25 139
25 349

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13657
-₴1412
₴10229
₴12881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
10 096
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
224
health
-
-
-
4 284
pensions
-
-
-
10 360
total
-
-
-
28 133
Employee
25 016
19 948
43 409
-
other
250
199
434
-
unemployment
750
598
1 302
-
pensions
2 562
2 042
4 445
-
income
2 848
1 471
8 945
-
health
968
772
1 680
-
total
7 378
5 082
16 806
-
Employer
25 016
19 948
43 409
-
chamber of commerce
100
80
174
-
health
945
754
1 640
-
pensions
3 139
2 504
5 448
-
accident
325
259
564
-
unemployment
750
598
1 302
-
surtax
99
99
99
-
payroll
750
598
1 302
-
other
1 188
947
2 061
-
total
7 296
5 839
12 590
-
Corporate
23 687
30 212
41 509
-
income

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

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

5 922
7 553
10 378
-
total
5 922
7 553
10 378
-
Dividends
17 765
22 659
-
-
withholding
4 885
6 231
-
-
total
4 885
6 231
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 481
24 705
39 774
28 133
After tax
30 519
31 295
16 226
27 867
Living cost
17 638
17 638
17 638
17 638
Free-cash
12 881
13 657
-1 412
10 229

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13135
₴3223
₴7339
₴5627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
communal

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

-
-
-
2 818
social contributions
-
-
-
9 028
national
-
-
-
18 564
total
-
-
-
30 410
Employee

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

35 805
-
43 373
-
unemployment

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

312
-
377
-
communal

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

1 868
-
2 263
-
pensions

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

2 685
-
3 253
-
national
11 008
-
13 968
-
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.

1 682
-
2 039
-
total
17 555
-
21 900
-
Employer

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

35 805
-
43 373
-
health

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

2 202
-
2 667
-
pensions

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

3 173
-
3 842
-
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.

465
-
564
-
unemployment

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

522
-
634
-
surtax
4 060
-
4 919
-
total
10 422
-
12 626
-
Corporate
9 772
56 000
-
-
income
1 954
11 200
-
-
surtax
39
224
-
-
total
1 993
11 424
-
-
Dividends
7 779
44 575
-
-
withholding

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

2 152
13 190
-
-
total
2 152
13 190
-
-
Income
56 000
56 000
56 000
56 000
Total tax
32 122
24 614
34 526
30 410
After tax
23 878
31 386
21 474
25 590
Living cost
18 251
18 251
18 251
18 251
Free-cash
5 627
13 135
3 223
7 339

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19639
₴11058
₴12516
₴15652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
11 487
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
25 407
Employee
24 917
-
42 463
-
other
25
-
43
-
unemployment
387
-
658
-
pensions
1 171
-
1 996
-
income
5 257
-
10 630
-
total
6 840
-
13 327
-
Employer
24 917
-
42 463
-
pensions
5 880
-
10 022
-
accident
493
-
841
-
unemployment
1 371
-
2 336
-
other
199
-
339
-
total
7 943
-
13 538
-
Corporate
23 141
56 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

3 471
8 400
-
-
total
3 471
8 400
-
-
Dividends
19 670
47 600
-
-
withholding
4 017
9 884
-
-
total
4 017
9 884
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 271
18 284
26 865
25 407
After tax
33 729
37 716
29 135
30 593
Living cost
18 077
18 077
18 077
18 077
Free-cash
15 652
19 639
11 058
12 516

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6855
₴6318
₴3999
₴3158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
communal
-
-
-
3 539
accident
-
-
-
472
income
-
-
-
5 682
surtax
-
-
-
2 777
health
-
-
-
3 935
pensions
-
-
-
8 393
total
-
-
-
24 798
Employee
37 907
-
50 022
-
pensions
3 032
-
4 002
-
surtax
2 323
-
3 065
-
income
3 661
-
7 208
-
health
1 687
-
2 226
-
total
10 703
-
16 501
-
Employer
37 907
-
50 022
-
health
1 156
-
1 526
-
pensions
3 032
-
4 002
-
accident
341
-
450
-
total
4 529
-
5 978
-
Corporate
13 564
56 000
-
-
communal
-
3 780
-
-
income
2 035
8 400
-
-
surtax
142
588
-
-
total
2 177
12 768
-
-
Dividends
11 387
43 232
-
-
income
6 522
2 689
-
-
withholding
1 708
6 485
-
-
total
8 230
9 174
-
-
Income
56 000
56 000
56 000
56 000
Total tax
25 639
21 942
22 479
24 798
After tax
30 361
34 058
33 521
31 202
Living cost
27 203
27 203
27 203
27 203
Free-cash
3 158
6 855
6 318
3 999

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23981
₴15795
₴16714
₴22389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
11 291
other
-
-
-
-
surtax
-
-
-
1 463
unemployment
-
-
-
114
health
-
-
-
3 975
pensions
-
-
-
11 200
total
-
-
-
28 043
Employee
16 857
-
46 262
-
other
-
-
-
-
unemployment
1 173
-
3 220
-
pensions
1 125
-
3 085
-
surtax
60
-
1 318
-
income
2 826
-
10 420
-
health
430
-
1 180
-
total
5 614
-
19 223
-
Employer
16 857
-
46 262
-
health
767
-
2 105
-
pensions
2 247
-
6 167
-
unemployment
535
-
1 467
-
other
-
-
-
-
total
3 549
-
9 739
-
Corporate
35 594
56 000
-
-
income
9 254
14 560
-
-
total
9 254
14 560
-
-
Dividends
26 340
41 440
-
-
withholding
3 951
6 216
-
-
total
3 951
6 216
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 368
20 776
28 962
28 043
After tax
33 632
35 224
27 038
27 957
Living cost
11 243
11 243
11 243
11 243
Free-cash
22 389
23 981
15 795
16 714

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15951
₴11973
₴14625
₴14840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
845
municipal
-
-
-
332
national
-
-
-
12 311
total
-
-
-
27 891
Employee
27 767
-
56 000
-
municipal
147
-
297
-
national
4 399
-
10 609
-
regional
374
-
754
-
social contributions
9 363
-
18 883
-
total
14 283
-
30 543
-
Employer
27 767
-
56 000
-
total
-
-
-
-
Corporate
28 233
56 000
-
-
municipal
1 403
2 783
-
-
nationa
6 776
13 440
-
-
total
8 179
16 223
-
-
Dividends
20 054
39 777
-
-
withholding
5 214
10 342
-
-
total
5 214
10 342
-
-
Income
56 000
56 000
56 000
56 000
Total tax
27 676
26 565
30 543
27 891
After tax
28 324
29 435
25 457
28 109
Living cost
13 484
13 484
13 484
13 484
Free-cash
14 840
15 951
11 973
14 625

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Naples model

Close
Prague , Czech Republic
₴23452
₴13314
₴12171
₴18063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
4 813
social contributions
-
-
-
16 352
solidarity contribution
-
-
-
-
health
-
-
-
7 560
total
-
-
-
28 725
Employee
22 212
-
41 791
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
2 716
-
income
2 665
-
5 015
-
health
2 999
-
5 642
-
total
7 108
-
13 373
-
Employer
22 212
-
41 791
-
health
1 999
-
3 761
-
social contributions
5 553
-
10 448
-
total
7 552
-
14 209
-
Corporate
26 236
56 000
-
-
income
4 985
10 640
-
-
total
4 985
10 640
-
-
Dividends
21 251
45 360
-
-
withholding
3 188
6 804
-
-
total
3 188
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 833
17 444
27 582
28 725
After tax
33 167
38 556
28 418
27 275
Living cost
15 104
15 104
15 104
15 104
Free-cash
18 063
23 452
13 314
12 171

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15380
₴274
₴11996
₴15132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
10 096
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
224
health
-
-
-
4 284
pensions
-
-
-
10 360
total
-
-
-
28 034
Employee
21 881
19 948
43 487
-
other
218
199
435
-
unemployment
656
598
1 304
-
pensions
2 241
2 042
4 453
-
income
1 949
1 471
8 972
-
health
846
772
1 683
-
total
5 910
5 082
16 847
-
Employer
21 881
19 948
43 487
-
chamber of commerce
87
80
174
-
health
827
754
1 643
-
pensions
2 746
2 504
5 457
-
accident
284
259
565
-
unemployment
656
598
1 304
-
surtax
-
-
-
-
payroll
656
598
1 304
-
other
1 039
947
2 065
-
total
6 295
5 740
12 512
-
Corporate
27 822
30 311
41 587
-
income

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

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

6 955
7 577
10 397
-
total
6 955
7 577
10 397
-
Dividends
20 867
22 733
-
-
withholding
5 738
6 251
-
-
total
5 738
6 251
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 898
24 650
39 756
28 034
After tax
31 102
31 350
16 244
27 966
Living cost
15 970
15 970
15 970
15 970
Free-cash
15 132
15 380
274
11 996

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46927
₴38527
₴49167
₴45751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
56 000
-
income
1 568
-
11 200
-
total
1 568
-
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%.

48 158
56 000
-
-
total
-
-
-
-
Dividends
48 158
56 000
-
-
withholding
2 408
2 800
-
-
total
2 408
2 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
3 976
2 800
11 200
560
After tax
52 024
53 200
44 800
55 440
Living cost
6 273
6 273
6 273
6 273
Free-cash
45 751
46 927
38 527
49 167

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25130
₴13682
₴15287
₴20944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
56 000
income
-
-
-
11 466
unemployment
-
-
-
84
health
-
-
-
5 510
pensions
-
-
-
10 227
total
-
-
-
27 287
Employee

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

22 135
-
48 456
-
unemployment
31
-
67
-
pensions
3 431
-
7 511
-
income
3 817
-
10 640
-
health
1 430
-
3 130
-
total
8 709
-
21 348
-
Employer

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

22 135
-
48 456
-
health
1 474
-
3 227
-
pensions
1 959
-
4 288
-
unemployment
13
-
29
-
total
3 446
-
7 544
-
Corporate
30 419
56 000
-
-
income
5 779
10 640
-
-
total
5 779
10 640
-
-
Dividends
24 640
45 360
-
-
withholding
3 696
6 804
-
-
total
3 696
6 804
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 630
17 444
28 892
27 287
After tax
34 370
38 556
27 108
28 713
Living cost
13 426
13 426
13 426
13 426
Free-cash
20 944
25 130
13 682
15 287

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12690
₴28102
₴17320
-₴17881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
10 916
social contributions
-
-
-
6 384
total
-
-
-
17 300
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
-
56 000
-
-
income
-
12 320
-
-
total
-
12 320
-
-
Dividends
-
43 680
-
-
income
-
9 610
-
-
total
-
9 610
-
-
Income
56 000
56 000
56 000
56 000
Total tax
52 501
21 930
6 518
17 300
After tax
3 499
34 070
49 482
38 700
Living cost
21 380
21 380
21 380
21 380
Free-cash
-17 881
12 690
28 102
17 320

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16152
₴12109
₴15332
₴15648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income
-
-
-
5 507
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
24 967
Employee
23 022
-
45 253
-
surtax
-
-
-
-
social contributions
2 532
-
4 978
-
income
4 789
-
12 465
-
total
7 321
-
17 443
-
Employer
23 022
-
45 253
-
social contributions
5 468
-
10 747
-
total
5 468
-
10 747
-
Corporate
27 510
56 000
-
-
income
5 777
11 760
-
-
surtax
-
-
-
-
total
5 777
11 760
-
-
Dividends
21 733
44 240
-
-
withholding
6 085
12 387
-
-
total
6 085
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 651
24 147
28 190
24 967
After tax
31 349
31 853
27 810
31 033
Living cost
15 701
15 701
15 701
15 701
Free-cash
15 648
16 152
12 109
15 332

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴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 Lisbon model

Close
Paris , France
₴4049
₴10156
₴7903
₴7490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
6 174
other
-
-
-
1 736
surtax
-
-
-
-
social contributions
-
-
-
1 596
health
-
-
-
1 363
pensions
-
-
-
13 052
total
-
-
-
23 921
Employee
31 351
-
45 099
-
pensions
3 546
-
2 366
-
surtax
-
-
-
-
social contributions
893
-
1 285
-
income
2 735
-
7 116
-
total
7 174
-
10 767
-
Employer
31 351
-
45 099
-
health
2 194
-
3 262
-
pensions
5 151
-
4 121
-
unemployment
1 270
-
1 827
-
social contributions
94
-
135
-
other
1 082
-
1 556
-
total
9 791
-
10 901
-
Corporate
14 857
56 000
-
-
income
4 160
15 680
-
-
surtax
-
-
-
-
total
4 160
15 680
-
-
Dividends
10 698
40 320
-
-
surtax
-
-
-
-
social contributions
1 840
6 934
-
-
withholding
1 369
5 161
-
-
total
3 209
12 095
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 334
27 775
21 668
23 921
After tax
31 666
28 225
34 332
32 079
Living cost
24 176
24 176
24 176
24 176
Free-cash
7 490
4 049
10 156
7 903

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35353
₴28794
₴27306
₴33671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
1 328
social contributions
-
-
-
12 319
total
-
-
-
13 647
Employee
16 093
-
48 484
-
income
-
-
1 493
-
social contributions
1 046
-
3 151
-
total
1 046
-
4 644
-
Employer
16 093
-
48 484
-
social contributions
2 494
-
7 515
-
total
2 494
-
7 515
-
Corporate
37 413
56 000
-
-
income
3 742
5 600
-
-
total
3 742
5 600
-
-
Dividends
33 671
50 400
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
7 282
5 600
12 159
13 647
After tax
48 718
50 400
43 841
42 353
Living cost
15 047
15 047
15 047
15 047
Free-cash
33 671
35 353
28 794
27 306

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53059
-₴53059
₴10274
-₴53059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
labour market
-
-
-
4 445
municipal
-
-
-
10 710
national
-
-
-
6 030
pensions
-
-
-
434
total
-
-
-
21 619
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
56 000
56 000
56 000
56 000
Total tax
84 952
84 952
84 952
21 619
After tax
-28 952
-28 952
-28 952
34 381
Living cost
24 107
24 107
24 107
24 107
Free-cash
-53 059
-53 059
-53 059
10 274

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6459
₴18251
₴27407
₴2849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
14 065
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
17 598
Employee
17 296
-
48 417
-
pensions
1 948
-
3 870
-
income
2 373
-
9 757
-
health
1 980
-
5 544
-
total
6 301
-
19 171
-
Employer
17 296
-
48 417
-
pensions
2 812
-
5 588
-
accident
289
-
809
-
unemployment
424
-
1 186
-
total
3 525
-
7 583
-
Corporate
35 180
56 000
-
-
income

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

31 662
50 400
-
-
total
31 662
50 400
-
-
Dividends
3 518
5 600
-
-
withholding
668
1 064
-
-
total
668
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
42 156
51 464
26 754
17 598
After tax
13 844
4 536
29 246
38 402
Living cost
10 995
10 995
10 995
10 995
Free-cash
2 849
-6 459
18 251
27 407

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
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.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17562
₴12203
₴19881
₴17088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
56 000
health
-
-
-
654
municipal
-
-
-
9 963
national
-
-
-
6 284
total
-
-
-
16 901
Employee
26 336
-
47 110
-
municipal
4 314
-
7 687
-
unemployment
395
-
707
-
pensions
1 777
-
3 180
-
national
435
-
3 598
-
health
197
-
517
-
total
7 118
-
15 689
-
Employer
26 336
-
47 110
-
health
202
-
363
-
pensions
4 569
-
8 174
-
accident
27
-
47
-
unemployment
171
-
306
-
total
4 969
-
8 890
-
Corporate
24 695
56 000
-
-
income
4 940
11 200
-
-
total
4 940
11 200
-
-
Dividends

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

14 817
33 600
-
-
municipal
2 667
6 048
-
-
national
-
1 972
-
-
total
2 667
8 020
-
-
Income
56 000
56 000
56 000
56 000
Total tax
19 694
19 220
24 579
16 901
After tax
36 306
36 780
31 421
39 099
Living cost
19 218
19 218
19 218
19 218
Free-cash
17 088
17 562
12 203
19 881

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29369
₴27272
₴27772
₴26645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
7 112
social contributions
-
-
-
8 099
health
-
-
-
1 428
total
-
-
-
16 639
Employee
38 491
38 491
50 840
-
social contributions
1 455
3 195
4 219
-
income
4 191
3 563
6 897
-
health
298
654
864
-
total
5 944
7 412
11 980
-
Employer
38 491
38 491
50 840
-
health
324
712
940
-
social contributions
1 455
3 195
4 219
-
total
1 779
3 907
5 159
-
Corporate
36 687
13 602
-
-
income
4 586
1 700
-
-
total
4 586
1 700
-
-
Dividends
32 101
11 902
-
-
withholding
5 457
2 023
-
-
total
5 457
2 023
-
-
Income
56 000
56 000
56 000
56 000
Total tax
17 766
15 042
17 139
16 639
After tax
38 234
40 958
38 861
39 361
Living cost
11 589
11 589
11 589
11 589
Free-cash
26 645
29 369
27 272
27 772

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38427
₴27573
₴37612
₴35879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
56 000
income
-
-
-
5 432
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
10 441
Employee

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

11 490
-
51 108
-
unemployment
57
-
237
-
pensions
1 723
-
7 124
-
income
786
-
4 191
-
health
977
-
4 037
-
total
3 543
-
15 589
-
Employer

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

11 490
-
51 108
-
health
494
-
2 042
-
pensions
632
-
2 612
-
unemployment
57
-
237
-
total
1 183
-
4 891
-
Corporate
43 328
56 000
-
-
income
3 899
5 040
-
-
total
3 899
5 040
-
-
Dividends
39 428
50 960
-
-
withholding
3 549
4 586
-
-
total
3 549
4 586
-
-
Income
56 000
56 000
56 000
56 000
Total tax
12 174
9 626
20 480
10 441
After tax
43 826
46 374
35 520
45 559
Living cost
7 947
7 947
7 947
7 947
Free-cash
35 879
38 427
27 573
37 612

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23951
₴15370
₴16828
₴21328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
11 487
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
25 407
Employee
18 509
-
42 463
-
other
18
-
43
-
unemployment
287
-
658
-
pensions
870
-
1 996
-
income
3 568
-
10 630
-
total
4 743
-
13 327
-
Employer
18 509
-
42 463
-
pensions
4 368
-
10 022
-
accident
367
-
841
-
unemployment
1 018
-
2 336
-
other
148
-
339
-
total
5 901
-
13 538
-
Corporate
31 590
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.

4 738
8 400
-
-
total
4 738
8 400
-
-
Dividends
26 852
47 600
-
-
withholding
5 525
9 884
-
-
total
5 525
9 884
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 907
18 284
26 865
25 407
After tax
35 093
37 716
29 135
30 593
Living cost
13 765
13 765
13 765
13 765
Free-cash
21 328
23 951
15 370
16 828

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33933
₴34723
₴34795
₴33767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
18 921
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
20 194
Employee
1 540
-
55 170
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
18 883
-
health
77
-
184
-
total
529
-
19 436
-
Employer
1 540
-
55 170
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
54 113
56 000
-
-
income
11 905
12 320
-
-
total
11 905
12 320
-
-
Dividends
42 208
43 680
-
-
withholding
8 442
8 736
-
-
total
8 442
8 736
-
-
Income
56 000
56 000
56 000
56 000
Total tax
21 222
21 056
20 266
20 194
After tax
34 778
34 944
35 734
35 806
Living cost
1 011
1 011
1 011
1 011
Free-cash
33 767
33 933
34 723
34 795

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31799
₴21680
₴21681
₴29335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
56 000
income
-
-
-
11 668
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
25 658
Employee

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

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

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

13 060
-
49 375
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
11 668
-
health
673
-
1 906
-
total
4 399
-
19 034
-
Employer

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

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

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

13 060
-
49 375
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
40 602
56 000
-
-
income
6 090
8 400
-
-
total
6 090
8 400
-
-
Dividends
34 512
47 600
-
-
withholding
5 177
7 140
-
-
total
5 177
7 140
-
-
Income
56 000
56 000
56 000
56 000
Total tax
18 004
15 540
25 659
25 658
After tax
37 996
40 460
30 341
30 342
Living cost
8 661
8 661
8 661
8 661
Free-cash
29 335
31 799
21 680
21 681

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18358
₴14315
₴17538
₴18178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income
-
-
-
5 507
surtax
-
-
-
-
social contributions

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

-
-
-
19 460
total
-
-
-
24 967
Employee
19 428
-
45 253
-
surtax
-
-
-
-
social contributions
2 137
-
4 978
-
income
3 796
-
12 465
-
total
5 933
-
17 443
-
Employer
19 428
-
45 253
-
social contributions
4 614
-
10 747
-
total
4 614
-
10 747
-
Corporate
31 958
56 000
-
-
income
6 711
11 760
-
-
surtax
-
-
-
-
total
6 711
11 760
-
-
Dividends
25 247
44 240
-
-
withholding
7 069
12 387
-
-
total
7 069
12 387
-
-
Income
56 000
56 000
56 000
56 000
Total tax
24 327
24 147
28 190
24 967
After tax
31 673
31 853
27 810
31 033
Living cost
13 495
13 495
13 495
13 495
Free-cash
18 178
18 358
14 315
17 538

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20124
₴11543
₴13001
₴16309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
11 487
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
25 407
Employee
24 175
-
42 463
-
other
24
-
43
-
unemployment
374
-
658
-
pensions
1 136
-
1 996
-
income
5 049
-
10 630
-
total
6 583
-
13 327
-
Employer
24 175
-
42 463
-
pensions
5 705
-
10 022
-
accident
479
-
841
-
unemployment
1 330
-
2 336
-
other
194
-
339
-
total
7 708
-
13 538
-
Corporate
24 118
56 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

3 617
8 400
-
-
total
3 617
8 400
-
-
Dividends
20 500
47 600
-
-
withholding
4 191
9 884
-
-
total
4 191
9 884
-
-
Income
56 000
56 000
56 000
56 000
Total tax
22 099
18 284
26 865
25 407
After tax
33 901
37 716
29 135
30 593
Living cost
17 592
17 592
17 592
17 592
Free-cash
16 309
20 124
11 543
13 001

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39269
₴36171
₴34320
₴36220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
8 400
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
13 069
Employee
11 402
-
52 570
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
5 257
-
health
525
-
804
-
total
2 791
-
7 788
-
Employer
11 402
-
52 570
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
42 361
56 000
-
-
income
4 236
5 600
-
-
total
4 236
5 600
-
-
Dividends
38 124
50 400
-
-
withholding
1 906
2 520
-
-
total
1 906
2 520
-
-
Income
56 000
56 000
56 000
56 000
Total tax
11 169
8 120
11 218
13 069
After tax
44 831
47 880
44 782
42 931
Living cost
8 611
8 611
8 611
8 611
Free-cash
36 220
39 269
36 171
34 320

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
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.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9548
₴19722
₴15026
₴16096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
56 000
income

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

-
-
-
12 827
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.

-
-
-
706
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 420
trade
-
-
-
4 696
total
-
-
-
21 649
Employee

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

24 906
-
56 000
-
surtax

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

113
-
706
-
income

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

2 048
-
12 827
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 420
-
3 420
-
total
5 581
-
16 953
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 094
56 000
-
-
income
4 664
8 400
-
-
surtax

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

256
462
-
-
chamber of commerce
122
158
-
-
trade
4 462
8 036
-
-
total
9 504
17 056
-
-
Dividends
21 590
38 944
-
-
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.

287
525
-
-
withholding
5 207
9 546
-
-
total
5 494
10 071
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 579
27 127
16 953
21 649
After tax
35 421
28 873
39 047
34 351
Living cost
19 325
19 325
19 325
19 325
Free-cash
16 096
9 548
19 722
15 026

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10686
₴8254
₴8254
₴11791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
14 126
social contributions
-
-
-
5 106
total
-
-
-
19 232
Employee
39 155
-
56 000
-
income
7 388
-
14 126
-
social contributions
3 253
-
5 106
-
total
10 641
-
19 232
-
Employer
39 155
-
56 000
-
total
-
-
-
-
Corporate
16 845
56 000
-
-
income
2 106
7 000
-
-
total
2 106
7 000
-
-
Dividends
14 739
49 000
-
-
withholding
2 948
9 800
-
-
total
2 948
9 800
-
-
Income
56 000
56 000
56 000
56 000
Total tax
15 695
16 800
19 232
19 232
After tax
40 305
39 200
36 768
36 768
Living cost
28 514
28 514
28 514
28 514
Free-cash
11 791
10 686
8 254
8 254

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
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.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴15584
₴23050
₴20552
₴17332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
56 000
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
53 697
-
income
2 492
-
10 174
-
social contributions
2 301
-
2 303
-
total
4 793
-
12 477
-
Employer
22 963
-
53 697
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
30 737
56 000
-
-
income
10 758
19 600
-
-
total
10 758
19 600
-
-
Dividends
19 979
36 400
-
-
social contributions
2 645
2 645
-
-
total
2 645
2 645
-
-
Income
56 000
56 000
56 000
56 000
Total tax
20 497
22 245
14 780
17 277
After tax
35 503
33 755
41 220
38 723
Living cost
18 170
18 170
18 170
18 170
Free-cash
17 332
15 584
23 050
20 552

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
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.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21503
₴15809
₴20920
₴20469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
income
-
-
-
12 557
pensions
-
-
-
3 869
total
-
-
-
16 426
Employee
25 605
-
49 219
-
pensions
1 954
-
4 788
-
income
4 663
-
9 150
-
health
334
-
818
-
total
6 951
-
14 756
-
Employer
25 605
-
49 219
-
health
487
-
936
-
pensions
2 587
-
5 845
-
total
3 074
-
6 781
-
Corporate
27 322
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.

5 192
10 640
-
-
total
5 192
10 640
-
-
Dividends
22 130
45 360
-
-
withholding
1 660
5 203
-
-
total
1 660
5 203
-
-
Income
56 000
56 000
56 000
56 000
Total tax
16 877
15 843
21 537
16 426
After tax
39 123
40 157
34 463
39 574
Living cost
18 654
18 654
18 654
18 654
Free-cash
20 469
21 503
15 809
20 920

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7547
₴17163
₴26319
₴2683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
56 000
accident
-
-
-
128
income
-
-
-
14 065
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
17 598
Employee
19 008
-
48 417
-
pensions
2 140
-
3 870
-
income
2 608
-
9 757
-
health
2 176
-
5 544
-
total
6 924
-
19 171
-
Employer
19 008
-
48 417
-
pensions
3 091
-
5 588
-
accident
317
-
809
-
unemployment
466
-
1 186
-
total
3 874
-
7 583
-
Corporate
33 119
56 000
-
-
income

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

29 807
50 400
-
-
total
29 807
50 400
-
-
Dividends
3 312
5 600
-
-
withholding
629
1 064
-
-
total
629
1 064
-
-
Income
56 000
56 000
56 000
56 000
Total tax
41 234
51 464
26 754
17 598
After tax
14 766
4 536
29 246
38 402
Living cost
12 083
12 083
12 083
12 083
Free-cash
2 683
-7 547
17 163
26 319

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40360
₴29480
₴25090
₴38401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
56 000
income
-
-
-
8 746
unemployment
-
-
-
672
work injury
-
-
-
280
health insurance
-
-
-
4 144
pensions
-
-
-
10 304
total
-
-
-
24 146
Employee

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

10 822
-
56 000
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
8 746
-
total
4 058
-
19 756
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 178
56 000
-
-
income

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

-
560
-
-
total
-
560
-
-
Dividends
45 178
55 440
-
-
withholding
6 777
8 316
-
-
total
6 777
8 316
-
-
Income
56 000
56 000
56 000
56 000
Total tax
10 835
8 876
19 756
24 146
After tax
45 165
47 124
36 244
31 854
Living cost
6 764
6 764
6 764
6 764
Free-cash
38 401
40 360
29 480
25 090

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴9555
₴5236
₴7797
₴7279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 174
municipal
-
-
-
374
national
-
-
-
12 311
total
-
-
-
28 262
Employee
42 180
-
56 000
-
municipal
252
-
334
-
national
7 128
-
10 609
-
regional
637
-
997
-
social contributions
14 223
-
18 883
-
total
22 240
-
30 823
-
Employer
42 180
-
56 000
-
total
-
-
-
-
Corporate
13 820
56 000
-
-
municipal
666
2 700
-
-
nationa
3 317
13 440
-
-
total
3 983
16 140
-
-
Dividends
9 837
39 860
-
-
withholding
2 557
10 364
-
-
total
2 557
10 364
-
-
Income
56 000
56 000
56 000
56 000
Total tax
28 780
26 504
30 823
28 262
After tax
27 220
29 496
25 177
27 738
Living cost
19 941
19 941
19 941
19 941
Free-cash
7 279
9 555
5 236
7 797

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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