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
₴ 57000
per

Your estimated
City
free-cash

Dresden , Germany
₴15805
₴20544
₴18829
₴24670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
trade
-
-
-
5 841
income

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

-
-
-
15 574
health

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

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

-
-
-
2 926
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.

-
-
-
857
total
-
-
-
25 198
Employee

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

16 381
-
57 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
857
-
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.

458
-
15 574
-
total
3 409
-
19 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 619
57 000
-
-
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.

335
471
-
-
income
6 092
8 550
-
-
trade
6 397
8 978
-
-
chamber of commerce
124
147
-
-
total
12 948
18 146
-
-
Dividends
27 671
38 854
-
-
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.

371
525
-
-
withholding
6 755
9 551
-
-
total
7 126
10 076
-
-
Income
57 000
57 000
57 000
57 000
Total tax
23 483
28 222
19 357
25 198
After tax
33 517
28 778
37 643
31 802
Living cost
12 973
12 973
12 973
12 973
Free-cash
20 544
15 805
24 670
18 829

Estimated living cost  is ₴12973 per week

₴8160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13927
₴13566
₴12315
₴12762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
municipal
-
-
-
6 115
pensions
-
-
-
6 840
national
-
-
-
9 476
social contributions
-
-
-
613
total
-
-
-
23 044
Employee
33 548
-
49 276
-
municipal
4 144
-
6 336
-
pensions
1 342
-
1 971
-
national
6 421
-
9 818
-
total
11 907
-
18 125
-
Employer
33 548
-
49 276
-
social contributions
361
-
530
-
pensions
2 684
-
3 942
-
total
3 045
-
4 472
-
Corporate
18 193
57 000
-
-
income

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

3 639
11 400
-
-
total
3 639
11 400
-
-
Dividends
14 555
45 600
-
-
withholding
3 202
10 032
-
-
total
3 202
10 032
-
-
Income
57 000
57 000
57 000
57 000
Total tax
21 793
21 432
22 597
23 044
After tax
35 207
35 568
34 403
33 956
Living cost
21 641
21 641
21 641
21 641
Free-cash
13 566
13 927
12 762
12 315

Estimated living cost  is ₴21641 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36690
₴33176
₴8297
₴23056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
microenterprise
-
-
-
-
income
-
-
-
8 848
surtax
-
-
-
14 535
social contributions

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

-
-
-
16 410
total
-
-
-
39 793
Employee
12 515
-
45 934
-
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.

1 377
-
5 053
-
surtax
-
-
-
-
income
2 228
-
8 915
-
total
3 605
-
13 968
-
Employer
12 515
-
45 934
-
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.

3 015
-
11 066
-
surtax
-
-
-
-
total
3 015
-
11 066
-
Corporate
41 471
57 000
-
-
income

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

8 294
11 400
-
-
total
8 294
11 400
-
-
Dividends

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

33 176
45 600
-
-
total
-
-
-
-
Income
57 000
57 000
57 000
57 000
Total tax
14 914
11 400
25 034
39 793
After tax
42 086
45 600
31 966
17 207
Living cost
8 910
8 910
8 910
8 910
Free-cash
33 176
36 690
23 056
8 297

Estimated living cost  is ₴8910 per week

₴5684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10003
₴7379
₴14810
₴14813
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
13 949
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
24 248
Employee
36 574
36 574
49 041
-
health
5 614
4 775
5 281
-
income

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

5 987
5 987
5 987
-
pensions
6 583
5 018
5 018
-
total
18 184
15 780
16 286
-
Employer
36 574
36 574
49 041
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
14 470
14 021
-
-
income
2 894
2 804
-
-
total
2 894
2 804
-
-
Dividends
11 576
11 217
-
-
income
2 460
2 384
-
-
withholding
1 736
1 682
-
-
total
4 196
4 066
-
-
Income
57 000
57 000
57 000
57 000
Total tax
31 679
29 055
24 245
24 248
After tax
25 321
27 945
32 755
32 752
Living cost
17 942
17 942
17 942
17 942
Free-cash
7 379
10 003
14 813
14 810

Estimated living cost  is ₴17942 per week

₴12715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14574
₴14203
₴13632
₴13187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
municipal
-
-
-
13 864
accident
-
-
-
73
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
2 450
total
-
-
-
26 820
Employee
23 579
-
45 605
-
municipal
7 031
-
13 599
-
national
-
-
2 272
-
total
7 031
-
15 871
-
Employer
23 579
-
45 605
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 394
-
Corporate
26 012
57 000
-
-
income
5 723
12 540
-
-
total
5 723
12 540
-
-
Dividends
20 290
44 460
-
-
withholding
6 087
13 338
-
-
total
6 087
13 338
-
-
Income
57 000
57 000
57 000
57 000
Total tax
26 249
25 878
27 265
26 820
After tax
30 751
31 122
29 735
30 180
Living cost
16 548
16 548
16 548
16 548
Free-cash
14 203
14 574
13 187
13 632

Estimated living cost  is ₴16548 per week

₴10967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11659
₴17679
₴14717
₴20818
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
trade
-
-
-
6 101
income

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

-
-
-
15 574
health

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

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

-
-
-
2 926
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.

-
-
-
857
total
-
-
-
25 458
Employee

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

21 719
-
57 000
-
health

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

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

2 926
-
2 926
-
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.

102
-
857
-
income

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

1 866
-
15 574
-
total
4 894
-
19 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 281
57 000
-
-
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.

291
471
-
-
income
5 292
8 550
-
-
trade
5 804
9 377
-
-
chamber of commerce
115
146
-
-
total
11 502
18 544
-
-
Dividends
23 778
38 456
-
-
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.

318
520
-
-
withholding
5 782
9 452
-
-
total
6 100
9 972
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 496
28 516
19 357
25 458
After tax
34 504
28 484
37 643
31 542
Living cost
16 825
16 825
16 825
16 825
Free-cash
17 679
11 659
20 818
14 717

Estimated living cost  is ₴16825 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27750
₴25974
₴25984
₴25389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
8 741
health
-
-
-
1 453
social contributions
-
-
-
6 930
total
-
-
-
17 124
Employee
32 933
32 933
52 345
-
social contributions
1 600
2 733
3 687
-
health
328
560
890
-
income
3 458
3 049
8 487
-
total
5 386
6 342
13 064
-
Employer
32 933
32 933
52 345
-
social contributions
1 600
2 733
3 687
-
health
357
610
968
-
total
1 957
3 343
4 655
-
Corporate
35 765
20 724
-
-
income
4 471
2 590
-
-
total
4 471
2 590
-
-
Dividends
31 294
18 133
-
-
withholding
5 320
3 083
-
-
total
5 320
3 083
-
-
Income
57 000
57 000
57 000
57 000
Total tax
17 134
15 358
17 719
17 124
After tax
39 866
41 642
39 281
39 876
Living cost
13 892
13 892
13 892
13 892
Free-cash
25 974
27 750
25 389
25 984

Estimated living cost  is ₴13892 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
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.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24275
₴24440
₴31705
₴25262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
6 968
pensions
-
-
-
5 700
unemployment
-
-
-
855
health
-
-
-
3 990
total
-
-
-
17 513
Employee

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

The minimum wage is 138,000 HUF per month.

11 233
4 471
47 699
-
health
786
313
3 339
-
income
1 373
547
5 831
-
pensions
1 123
447
4 770
-
unemployment
168
67
715
-
total
3 450
1 374
14 655
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 233
4 471
47 699
-
pensions
2 190
872
9 301
-
total
2 190
872
9 301
-
Corporate
43 577
51 658
-
-
income
3 922
4 649
-
-
total
3 922
4 649
-
-
Dividends
39 655
47 009
-
-
social contributions
7 682
9 116
-
-
withholding
7 534
8 932
-
-
total
15 216
18 048
-
-
Income
57 000
57 000
57 000
57 000
Total tax
24 778
24 943
23 956
17 513
After tax
32 222
32 057
33 044
39 487
Living cost
7 782
7 782
7 782
7 782
Free-cash
24 440
24 275
25 262
31 705

Estimated living cost  is ₴7782 per week

₴5310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35255
₴32594
₴20207
₴22508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
7 638
pensions
-
-
-
11 400
health
-
-
-
7 410
total
-
-
-
26 448
Employee
12 150
-
42 601
-
income
1 368
-
8 214
-
pensions
243
-
852
-
unemployment
194
-
682
-
total
1 805
-
9 748
-
Employer
12 150
-
42 601
-
unemployment
98
-
341
-
pensions
2 430
-
8 520
-
health
1 579
-
5 538
-
total
4 107
-
14 399
-
Corporate
40 743
57 000
-
-
income
8 149
11 400
-
-
total
8 149
11 400
-
-
Dividends
32 594
45 600
-
-
total
-
-
-
-
Income
57 000
57 000
57 000
57 000
Total tax
14 061
11 400
24 147
26 448
After tax
42 939
45 600
32 853
30 552
Living cost
10 345
10 345
10 345
10 345
Free-cash
32 594
35 255
22 508
20 207

Estimated living cost  is ₴10345 per week

₴7095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4750
₴3181
₴29662
₴20963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
accident
-
-
-
108
income
-
-
-
15 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
17 971
Employee
14 735
-
50 239
-
health
1 687
-
5 752
-
income
2 022
-
10 909
-
pensions
1 659
-
3 248
-
total
5 368
-
19 909
-
Employer
14 735
-
50 239
-
accident
246
-
839
-
unemployment
361
-
1 231
-
pensions
2 396
-
4 691
-
total
3 003
-
6 761
-
Corporate
39 262
57 000
-
-
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.

35 335
51 300
-
-
total
35 335
51 300
-
-
Dividends
3 926
5 700
-
-
withholding
746
1 083
-
-
total
746
1 083
-
-
Income
57 000
57 000
57 000
57 000
Total tax
44 452
52 383
26 670
17 971
After tax
12 548
4 617
30 330
39 029
Living cost
9 367
9 367
9 367
9 367
Free-cash
3 181
-4 750
20 963
29 662

Estimated living cost  is ₴9367 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50296
₴49574
₴52576
₴41746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
57 000
microenterprise

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

-
-
-
570
total
-
-
-
570
Employee
4 817
-
57 000
-
income
963
-
11 400
-
total
963
-
11 400
-
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%.

52 183
57 000
-
-
total
-
-
-
-
Dividends
52 183
57 000
-
-
withholding
2 609
2 850
-
-
total
2 609
2 850
-
-
Income
57 000
57 000
57 000
57 000
Total tax
3 572
2 850
11 400
570
After tax
53 428
54 150
45 600
56 430
Living cost
3 854
3 854
3 854
3 854
Free-cash
49 574
50 296
41 746
52 576

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30466
₴27574
₴18979
₴21337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
7 714
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.

-
-
-
13 680
other
-
-
-
2 707
health
-
-
-
2 508
total
-
-
-
26 609
Employee
15 551
-
45 528
-
health
218
-
637
-
income
2 677
-
8 500
-
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.

1 088
-
3 187
-
unemployment
155
-
455
-
total
4 138
-
12 779
-
Employer
15 551
-
45 528
-
accident
124
-
364
-
other
778
-
2 277
-
unemployment
155
-
455
-
pensions

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

2 644
-
7 739
-
health
218
-
637
-
total
3 919
-
11 472
-
Corporate
37 530
57 000
-
-
income
7 881
11 970
-
-
total
7 881
11 970
-
-
Dividends
29 649
45 030
-
-
withholding
2 076
3 152
-
-
total
2 076
3 152
-
-
Income
57 000
57 000
57 000
57 000
Total tax
18 014
15 122
24 251
26 609
After tax
38 986
41 878
32 749
30 391
Living cost
11 412
11 412
11 412
11 412
Free-cash
27 574
30 466
21 337
18 979

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10585
₴8061
₴10460
₴5197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
14 304
pensions
-
-
-
3 493
total
-
-
-
17 797
Employee
40 666
-
49 966
-
health
670
-
797
-
income
7 331
-
10 796
-
pensions
3 923
-
4 433
-
total
11 924
-
16 026
-
Employer
40 666
-
49 966
-
pensions
4 802
-
6 085
-
health
772
-
949
-
total
5 574
-
7 034
-
Corporate
10 760
57 000
-
-
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.

2 044
10 830
-
-
total
2 044
10 830
-
-
Dividends
8 715
46 170
-
-
withholding
654
6 842
-
-
total
654
6 842
-
-
Income
57 000
57 000
57 000
57 000
Total tax
20 196
17 672
23 060
17 797
After tax
36 804
39 328
33 940
39 203
Living cost
28 743
28 743
28 743
28 743
Free-cash
8 061
10 585
5 197
10 460

Estimated living cost  is ₴28743 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴43116
₴41126
₴38833
₴40869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
8 550
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
12 548
Employee
7 440
-
54 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
5 406
-
pensions

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

653
-
1 314
-
total
1 821
-
7 574
-
Employer
7 440
-
54 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
48 100
57 000
-
-
income
4 810
5 700
-
-
total
4 810
5 700
-
-
Dividends
43 290
51 300
-
-
withholding
2 164
2 565
-
-
total
2 164
2 565
-
-
Income
57 000
57 000
57 000
57 000
Total tax
10 255
8 265
10 512
12 548
After tax
46 745
48 735
46 488
44 452
Living cost
5 619
5 619
5 619
5 619
Free-cash
41 126
43 116
40 869
38 833

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4196
₴5273
₴9003
₴9006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
13 949
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
24 248
Employee
39 708
36 574
49 041
-
health
4 954
4 775
5 281
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 286
-
Employer
39 708
36 574
49 041
-
unemployment
1 430
1 317
1 636
-
pensions
2 763
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 952
6 405
7 959
-
Corporate
10 340
14 021
-
-
income
2 068
2 804
-
-
total
2 068
2 804
-
-
Dividends
8 272
11 217
-
-
income
1 758
2 384
-
-
withholding
1 241
1 682
-
-
total
2 999
4 066
-
-
Income
57 000
57 000
57 000
57 000
Total tax
27 978
29 055
24 245
24 248
After tax
29 022
27 945
32 755
32 752
Living cost
23 749
23 749
23 749
23 749
Free-cash
5 273
4 196
9 006
9 003

Estimated living cost  is ₴23749 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
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.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28987
₴25328
₴19107
₴18669
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
5 182
health
-
-
-
7 695
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
27 636
Employee
15 084
-
42 537
-
social contributions
980
-
2 765
-
health
2 036
-
5 743
-
solidarity contribution
-
-
-
-
income
1 810
-
5 104
-
total
4 826
-
13 612
-
Employer
15 084
-
42 537
-
social contributions
3 771
-
10 634
-
health
1 358
-
3 828
-
total
5 129
-
14 462
-
Corporate
36 788
57 000
-
-
income
6 990
10 830
-
-
total
6 990
10 830
-
-
Dividends
29 798
46 170
-
-
withholding
4 470
6 926
-
-
total
4 470
6 926
-
-
Income
57 000
57 000
57 000
57 000
Total tax
21 415
17 756
28 074
27 636
After tax
35 585
39 244
28 926
29 364
Living cost
10 257
10 257
10 257
10 257
Free-cash
25 328
28 987
18 669
19 107

Estimated living cost  is ₴10257 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12340
₴10103
₴10177
₴7465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
municipal
-
-
-
339
regional
-
-
-
653
national
-
-
-
13 098
social contributions
-
-
-
14 661
total
-
-
-
28 751
Employee
38 064
-
57 000
-
social contributions
12 835
-
19 220
-
regional
359
-
575
-
municipal
202
-
302
-
national
6 596
-
11 366
-
total
19 992
-
31 463
-
Employer
38 064
-
57 000
-
total
-
-
-
-
Corporate
18 936
57 000
-
-
nationa
4 545
13 680
-
-
municipal
739
2 223
-
-
total
5 284
15 903
-
-
Dividends
13 652
41 097
-
-
withholding
3 549
10 685
-
-
total
3 549
10 685
-
-
Income
57 000
57 000
57 000
57 000
Total tax
28 825
26 588
31 463
28 751
After tax
28 175
30 412
25 537
28 249
Living cost
18 072
18 072
18 072
18 072
Free-cash
10 103
12 340
7 465
10 177

Estimated living cost  is ₴18072 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26402
₴25068
₴17615
₴16671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
12 641
pensions
-
-
-
11 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 047
surtax
-
-
-
1 748
total
-
-
-
29 934
Employee
14 163
-
47 088
-
other
-
-
-
-
health
362
-
1 201
-
surtax
46
-
1 600
-
income
2 374
-
11 747
-
pensions
944
-
3 141
-
unemployment
986
-
3 277
-
total
4 712
-
20 966
-
Employer
14 163
-
47 088
-
other
-
-
-
-
unemployment
449
-
1 493
-
pensions
1 888
-
6 277
-
health
645
-
2 142
-
total
2 982
-
9 912
-
Corporate
39 856
57 000
-
-
income
10 363
14 820
-
-
total
10 363
14 820
-
-
Dividends
29 493
42 180
-
-
withholding
4 424
6 327
-
-
total
4 424
6 327
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 481
21 147
30 878
29 934
After tax
34 519
35 853
26 122
27 066
Living cost
9 451
9 451
9 451
9 451
Free-cash
25 068
26 402
16 671
17 615

Estimated living cost  is ₴9451 per week

₴5779
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.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19692
₴19689
₴19567
₴14304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
14 304
pensions
-
-
-
3 493
total
-
-
-
17 797
Employee
27 254
-
49 966
-
health
396
-
797
-
income
4 908
-
10 796
-
pensions
2 313
-
4 433
-
total
7 617
-
16 026
-
Employer
27 254
-
49 966
-
pensions
2 950
-
6 085
-
health
518
-
949
-
total
3 468
-
7 034
-
Corporate
26 279
57 000
-
-
income

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

4 993
10 830
-
-
total
4 993
10 830
-
-
Dividends
21 286
46 170
-
-
withholding
1 597
6 842
-
-
total
1 597
6 842
-
-
Income
57 000
57 000
57 000
57 000
Total tax
17 675
17 672
23 060
17 797
After tax
39 325
39 328
33 940
39 203
Living cost
19 636
19 636
19 636
19 636
Free-cash
19 689
19 692
14 304
19 567

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6304
₴7546
₴14500
₴11723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
city
-
-
-
601
pensions
-
-
-
5 244
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.

-
-
-
1 140
regional
-
-
-
2 398
health
-
-
-
128
national
-
-
-
620
total
-
-
-
10 131
Employee
37 880
-
51 018
-
city
407
-
548
-
regional
1 240
-
2 049
-
health
86
-
115
-
pensions
3 182
-
4 286
-
unemployment
-
-
-
-
national
179
-
489
-
total
5 094
-
7 487
-
Employer
37 880
-
51 018
-
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.

757
-
1 020
-
unemployment
-
-
-
-
pensions
3 182
-
4 286
-
health
86
-
115
-
total
4 025
-
5 421
-
Corporate
14 678
57 000
-
-
regional
3 104
12 055
-
-
national
1 248
4 845
-
-
total
4 352
16 900
-
-
Dividends
10 326
40 099
-
-
withholding
3 614
14 035
-
-
total
3 614
14 035
-
-
Income
57 000
57 000
57 000
57 000
Total tax
17 085
30 935
12 908
10 131
After tax
39 915
26 065
44 092
46 869
Living cost
32 369
32 369
32 369
32 369
Free-cash
7 546
-6 304
11 723
14 500

Estimated living cost  is ₴32369 per week

₴21049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8572
₴15517
₴11662
₴18023
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
trade
-
-
-
6 361
income

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

-
-
-
15 574
health

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

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

-
-
-
2 926
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.

-
-
-
857
total
-
-
-
25 718
Employee

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

25 739
-
57 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
857
-
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.

3 027
-
15 574
-
total
6 120
-
19 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 261
57 000
-
-
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.

258
471
-
-
income
4 689
8 550
-
-
trade
5 361
9 776
-
-
chamber of commerce
109
145
-
-
total
10 417
18 942
-
-
Dividends
20 844
38 058
-
-
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.

278
514
-
-
withholding
5 048
9 352
-
-
total
5 326
9 866
-
-
Income
57 000
57 000
57 000
57 000
Total tax
21 863
28 808
19 357
25 718
After tax
35 137
28 192
37 643
31 282
Living cost
19 620
19 620
19 620
19 620
Free-cash
15 517
8 572
18 023
11 662

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
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.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14076
₴16605
₴17766
₴18740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
7 433
pensions
-
-
-
11 922
other
-
-
-
1 767
health
-
-
-
1 834
surtax
-
-
-
-
social contributions
-
-
-
1 625
total
-
-
-
24 581
Employee
18 330
-
45 198
-
social contributions
523
-
1 287
-
surtax
-
-
-
-
income
1 082
-
7 825
-
pensions
2 073
-
2 693
-
total
3 678
-
11 805
-
Employer
18 330
-
45 198
-
other
632
-
1 571
-
social contributions
55
-
136
-
unemployment
742
-
1 830
-
pensions
3 011
-
4 615
-
health
1 283
-
3 650
-
total
5 723
-
11 802
-
Corporate
32 946
57 000
-
-
surtax
-
-
-
-
income
9 225
15 960
-
-
total
9 225
15 960
-
-
Dividends
23 721
41 040
-
-
surtax
-
-
-
-
social contributions
4 080
7 058
-
-
withholding
3 036
5 253
-
-
total
7 116
12 311
-
-
Income
57 000
57 000
57 000
57 000
Total tax
25 742
28 271
23 607
24 581
After tax
31 258
28 729
33 393
32 419
Living cost
14 653
14 653
14 653
14 653
Free-cash
16 605
14 076
18 740
17 766

Estimated living cost  is ₴14653 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15528
₴17905
₴19218
₴20192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
7 433
pensions
-
-
-
11 922
other
-
-
-
1 767
health
-
-
-
1 834
surtax
-
-
-
-
social contributions
-
-
-
1 625
total
-
-
-
24 581
Employee
16 362
-
45 198
-
social contributions
467
-
1 287
-
surtax
-
-
-
-
income
844
-
7 825
-
pensions
1 851
-
2 693
-
total
3 162
-
11 805
-
Employer
16 362
-
45 198
-
other
565
-
1 571
-
social contributions
49
-
136
-
unemployment
662
-
1 830
-
pensions
2 689
-
4 615
-
health
1 145
-
3 650
-
total
5 110
-
11 802
-
Corporate
35 528
57 000
-
-
surtax
-
-
-
-
income
9 948
15 960
-
-
total
9 948
15 960
-
-
Dividends
25 580
41 040
-
-
surtax
-
-
-
-
social contributions
4 399
7 058
-
-
withholding
3 275
5 253
-
-
total
7 674
12 311
-
-
Income
57 000
57 000
57 000
57 000
Total tax
25 894
28 271
23 607
24 581
After tax
31 106
28 729
33 393
32 419
Living cost
13 201
13 201
13 201
13 201
Free-cash
17 905
15 528
20 192
19 218

Estimated living cost  is ₴13201 per week

₴7656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25693
₴25915
₴27524
₴26891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
8 550
health
-
-
-
3 978
social contributions
-
-
-
7 866
total
-
-
-
20 394
Employee
14 522
-
57 000
-
social contributions
2 004
-
7 866
-
health
1 014
-
3 978
-
income
2 422
-
9 183
-
total
5 440
-
21 027
-
Employer
14 522
-
57 000
-
total
-
-
-
-
Corporate
42 478
57 000
-
-
income

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

2 124
2 850
-
-
total
2 124
2 850
-
-
Dividends
40 355
54 150
-
-
health
2 817
3 779
-
-
social contributions
5 569
7 473
-
-
withholding
6 053
8 123
-
-
total
14 439
19 375
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 003
22 225
21 027
20 394
After tax
34 997
34 775
35 973
36 606
Living cost
9 082
9 082
9 082
9 082
Free-cash
25 915
25 693
26 891
27 524

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16624
₴15961
₴13664
₴378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
chamber of commerce
-
-
-
228
income
-
-
-
12 221
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
28 245
Employee
21 404
17 068
44 196
-
other
214
171
442
-
health
828
661
1 710
-
income
2 437
1 259
10 081
-
pensions
2 192
1 747
4 525
-
unemployment
642
512
1 326
-
total
6 313
4 350
18 084
-
Employer
21 404
17 068
44 196
-
accident
278
222
575
-
other
1 017
810
2 099
-
chamber of commerce
85
68
177
-
unemployment
642
512
1 326
-
surtax
85
85
85
-
pensions
2 686
2 142
5 546
-
payroll
642
512
1 326
-
health
809
645
1 670
-
total
6 244
4 996
12 804
-
Corporate
29 352
34 935
42 571
-
income

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

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

7 338
8 734
10 643
-
total
7 338
8 734
10 643
-
Dividends
22 014
26 201
-
-
withholding
6 053
7 205
-
-
total
6 053
7 205
-
-
Income
57 000
57 000
57 000
57 000
Total tax
25 948
25 285
41 531
28 245
After tax
31 052
31 715
15 469
28 755
Living cost
15 091
15 091
15 091
15 091
Free-cash
15 961
16 624
378
13 664

Estimated living cost  is ₴15091 per week

₴10065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
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.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16301
₴9876
₴9710
₴5480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
national
-
-
-
19 783
communal

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

-
-
-
2 880
social contributions
-
-
-
9 011
total
-
-
-
31 674
Employee

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

30 636
-
44 148
-
communal

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

1 598
-
2 303
-
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.

1 439
-
2 075
-
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.

2 298
-
3 311
-
unemployment

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

267
-
384
-
national
9 419
-
14 978
-
total
15 021
-
23 051
-
Employer

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

30 636
-
44 148
-
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.

398
-
574
-
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.

447
-
645
-
surtax
3 474
-
5 007
-
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.

2 715
-
3 912
-
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.

1 884
-
2 715
-
total
8 918
-
12 853
-
Corporate
17 447
57 000
-
-
surtax
70
228
-
-
income
3 489
11 400
-
-
total
3 559
11 628
-
-
Dividends
13 887
45 372
-
-
withholding

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

4 010
13 455
-
-
total
4 010
13 455
-
-
Income
57 000
57 000
57 000
57 000
Total tax
31 508
25 083
35 904
31 674
After tax
25 492
31 917
21 096
25 326
Living cost
15 616
15 616
15 616
15 616
Free-cash
9 876
16 301
5 480
9 710

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22750
₴19493
₴16433
₴14375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
accident
-
-
-
358
income
-
-
-
13 190
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
25 100
Employee
21 319
-
44 345
-
other
21
-
40
-
income
4 498
-
11 981
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
14 502
-
Employer
21 319
-
44 345
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
28 885
57 000
-
-
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.

4 333
8 550
-
-
total
4 333
8 550
-
-
Dividends
24 552
48 450
-
-
withholding
5 059
10 233
-
-
total
5 059
10 233
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 040
18 783
27 158
25 100
After tax
34 960
38 217
29 842
31 900
Living cost
15 467
15 467
15 467
15 467
Free-cash
19 493
22 750
14 375
16 433

Estimated living cost  is ₴15467 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10970
₴6566
₴6972
₴9243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
accident
-
-
-
480
income
-
-
-
7 297
pensions
-
-
-
8 544
health
-
-
-
4 004
surtax
-
-
-
2 826
communal
-
-
-
3 602
total
-
-
-
26 753
Employee
32 434
-
50 915
-
health
1 443
-
2 266
-
surtax
1 988
-
3 120
-
income
3 133
-
8 937
-
pensions
2 594
-
4 074
-
total
9 158
-
18 397
-
Employer
32 434
-
50 915
-
accident
292
-
458
-
pensions
2 594
-
4 074
-
health
989
-
1 553
-
total
3 875
-
6 085
-
Corporate
20 691
57 000
-
-
surtax
217
598
-
-
communal
1 396
3 848
-
-
income
3 104
8 550
-
-
total
4 717
12 996
-
-
Dividends
15 973
44 004
-
-
income
7 013
3 159
-
-
withholding
2 396
6 600
-
-
total
9 409
9 759
-
-
Income
57 000
57 000
57 000
57 000
Total tax
27 159
22 755
24 482
26 753
After tax
29 841
34 245
32 518
30 247
Living cost
23 275
23 275
23 275
23 275
Free-cash
6 566
10 970
9 243
6 972

Estimated living cost  is ₴23275 per week

₴17460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26233
₴24870
₴17446
₴16502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
12 641
pensions
-
-
-
11 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 047
surtax
-
-
-
1 748
total
-
-
-
29 934
Employee
14 423
-
47 088
-
other
-
-
-
-
health
368
-
1 201
-
surtax
51
-
1 600
-
income
2 418
-
11 747
-
pensions
962
-
3 141
-
unemployment
1 004
-
3 277
-
total
4 803
-
20 966
-
Employer
14 423
-
47 088
-
other
-
-
-
-
unemployment
458
-
1 493
-
pensions
1 923
-
6 277
-
health
656
-
2 142
-
total
3 037
-
9 912
-
Corporate
39 540
57 000
-
-
income
10 281
14 820
-
-
total
10 281
14 820
-
-
Dividends
29 260
42 180
-
-
withholding
4 389
6 327
-
-
total
4 389
6 327
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 510
21 147
30 878
29 934
After tax
34 490
35 853
26 122
27 066
Living cost
9 620
9 620
9 620
9 620
Free-cash
24 870
26 233
16 502
17 446

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18424
₴17473
₴16506
₴13808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
municipal
-
-
-
339
regional
-
-
-
859
national
-
-
-
13 098
social contributions
-
-
-
14 661
total
-
-
-
28 957
Employee
23 758
-
57 000
-
social contributions
8 011
-
19 220
-
regional
320
-
767
-
municipal
126
-
302
-
national
3 764
-
11 366
-
total
12 221
-
31 655
-
Employer
23 758
-
57 000
-
total
-
-
-
-
Corporate
33 242
57 000
-
-
nationa
7 978
13 680
-
-
municipal
1 652
2 833
-
-
total
9 630
16 513
-
-
Dividends
23 612
40 486
-
-
withholding
6 139
10 526
-
-
total
6 139
10 526
-
-
Income
57 000
57 000
57 000
57 000
Total tax
27 990
27 039
31 655
28 957
After tax
29 010
29 961
25 345
28 043
Living cost
11 537
11 537
11 537
11 537
Free-cash
17 473
18 424
13 808
16 506

Estimated living cost  is ₴11537 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26605
₴22097
₴16725
₴16287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
5 182
health
-
-
-
7 695
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
27 636
Employee
18 587
-
42 537
-
social contributions
1 208
-
2 765
-
health
2 509
-
5 743
-
solidarity contribution
-
-
-
-
income
2 230
-
5 104
-
total
5 947
-
13 612
-
Employer
18 587
-
42 537
-
social contributions
4 647
-
10 634
-
health
1 673
-
3 828
-
total
6 320
-
14 462
-
Corporate
32 093
57 000
-
-
income
6 098
10 830
-
-
total
6 098
10 830
-
-
Dividends
25 995
46 170
-
-
withholding
3 899
6 926
-
-
total
3 899
6 926
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 264
17 756
28 074
27 636
After tax
34 736
39 244
28 926
29 364
Living cost
12 639
12 639
12 639
12 639
Free-cash
22 097
26 605
16 287
16 725

Estimated living cost  is ₴12639 per week

₴9399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18097
₴17883
₴15176
₴1821
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
chamber of commerce
-
-
-
228
income
-
-
-
12 221
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
28 160
Employee
18 722
17 068
44 260
-
other
187
171
443
-
health
724
661
1 712
-
income
1 668
1 259
10 103
-
pensions
1 917
1 747
4 532
-
unemployment
562
512
1 328
-
total
5 058
4 350
18 118
-
Employer
18 722
17 068
44 260
-
accident
243
222
575
-
other
889
810
2 103
-
chamber of commerce
75
68
177
-
unemployment
562
512
1 328
-
surtax
-
-
-
-
pensions
2 350
2 142
5 554
-
payroll
562
512
1 328
-
health
708
645
1 673
-
total
5 389
4 911
12 738
-
Corporate
32 890
35 020
42 636
-
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.

8 223
8 755
10 659
-
total
8 223
8 755
10 659
-
Dividends
24 668
26 265
-
-
withholding
6 783
7 223
-
-
total
6 783
7 223
-
-
Income
57 000
57 000
57 000
57 000
Total tax
25 453
25 239
41 515
28 160
After tax
31 547
31 761
15 485
28 840
Living cost
13 664
13 664
13 664
13 664
Free-cash
17 883
18 097
1 821
15 176

Estimated living cost  is ₴13664 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48145
₴47019
₴50425
₴39595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
57 000
microenterprise

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

-
-
-
570
total
-
-
-
570
Employee
7 506
-
57 000
-
income
1 501
-
11 400
-
total
1 501
-
11 400
-
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%.

49 494
57 000
-
-
total
-
-
-
-
Dividends
49 494
57 000
-
-
withholding
2 475
2 850
-
-
total
2 475
2 850
-
-
Income
57 000
57 000
57 000
57 000
Total tax
3 976
2 850
11 400
570
After tax
53 024
54 150
45 600
56 430
Living cost
6 005
6 005
6 005
6 005
Free-cash
47 019
48 145
39 595
50 425

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27756
₴24175
₴17287
₴15747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
income
-
-
-
12 121
pensions
-
-
-
10 410
unemployment
-
-
-
85
health
-
-
-
5 609
total
-
-
-
28 225
Employee

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

18 939
-
49 321
-
health
1 223
-
3 186
-
income
3 266
-
11 186
-
pensions
2 936
-
7 645
-
unemployment
27
-
69
-
total
7 452
-
22 086
-
Employer

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

18 939
-
49 321
-
unemployment
11
-
29
-
pensions
1 676
-
4 365
-
health
1 261
-
3 285
-
total
2 948
-
7 679
-
Corporate
35 112
57 000
-
-
income
6 671
10 830
-
-
total
6 671
10 830
-
-
Dividends
28 441
46 170
-
-
withholding
4 266
6 926
-
-
total
4 266
6 926
-
-
Income
57 000
57 000
57 000
57 000
Total tax
21 337
17 756
29 765
28 225
After tax
35 663
39 244
27 235
28 775
Living cost
11 488
11 488
11 488
11 488
Free-cash
24 175
27 756
15 747
17 287

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16189
-₴6894
₴20902
₴32872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
11 110
social contributions
-
-
-
6 498
total
-
-
-
17 608
Employee
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
-
57 000
-
-
income
-
12 540
-
-
total
-
12 540
-
-
Dividends
-
44 460
-
-
income
-
9 781
-
-
total
-
9 781
-
-
Income
57 000
57 000
57 000
57 000
Total tax
45 404
22 321
5 638
17 608
After tax
11 596
34 679
51 362
39 392
Living cost
18 490
18 490
18 490
18 490
Free-cash
-6 894
16 189
32 872
20 902

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18988
₴18557
₴17714
₴13954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
income
-
-
-
6 044
surtax
-
-
-
-
social contributions

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

-
-
-
19 808
total
-
-
-
25 852
Employee
19 698
-
46 060
-
social contributions
2 167
-
5 067
-
surtax
-
-
-
-
income
4 097
-
13 606
-
total
6 264
-
18 673
-
Employer
19 698
-
46 060
-
social contributions
4 678
-
10 939
-
total
4 678
-
10 939
-
Corporate
32 624
57 000
-
-
surtax
-
-
-
-
income
6 851
11 970
-
-
total
6 851
11 970
-
-
Dividends
25 773
45 030
-
-
withholding
7 216
12 608
-
-
total
7 216
12 608
-
-
Income
57 000
57 000
57 000
57 000
Total tax
25 009
24 578
29 612
25 852
After tax
31 991
32 422
27 388
31 148
Living cost
13 434
13 434
13 434
13 434
Free-cash
18 557
18 988
13 954
17 714

Estimated living cost  is ₴13434 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8043
₴10985
₴11733
₴12707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
7 433
pensions
-
-
-
11 922
other
-
-
-
1 767
health
-
-
-
1 834
surtax
-
-
-
-
social contributions
-
-
-
1 625
total
-
-
-
24 581
Employee
26 825
-
45 198
-
social contributions
764
-
1 287
-
surtax
-
-
-
-
income
2 341
-
7 825
-
pensions
3 034
-
2 693
-
total
6 139
-
11 805
-
Employer
26 825
-
45 198
-
other
926
-
1 571
-
social contributions
80
-
136
-
unemployment
1 087
-
1 830
-
pensions
4 408
-
4 615
-
health
1 877
-
3 650
-
total
8 378
-
11 802
-
Corporate
21 797
57 000
-
-
surtax
-
-
-
-
income
6 103
15 960
-
-
total
6 103
15 960
-
-
Dividends
15 694
41 040
-
-
surtax
-
-
-
-
social contributions
2 700
7 058
-
-
withholding
2 009
5 253
-
-
total
4 709
12 311
-
-
Income
57 000
57 000
57 000
57 000
Total tax
25 329
28 271
23 607
24 581
After tax
31 671
28 729
33 393
32 419
Living cost
20 686
20 686
20 686
20 686
Free-cash
10 985
8 043
12 707
11 733

Estimated living cost  is ₴20686 per week

₴14000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38426
₴36988
₴29741
₴31256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
1 845
social contributions
-
-
-
12 540
total
-
-
-
14 385
Employee
13 769
-
49 351
-
income
-
-
2 013
-
social contributions
895
-
3 208
-
total
895
-
5 221
-
Employer
13 769
-
49 351
-
social contributions
2 134
-
7 649
-
total
2 134
-
7 649
-
Corporate
41 097
57 000
-
-
income
4 109
5 700
-
-
total
4 109
5 700
-
-
Dividends
36 987
51 300
-
-
total
-
-
-
-
Income
57 000
57 000
57 000
57 000
Total tax
7 138
5 700
12 870
14 385
After tax
49 862
51 300
44 130
42 615
Living cost
12 874
12 874
12 874
12 874
Free-cash
36 988
38 426
31 256
29 741

Estimated living cost  is ₴12874 per week

₴8324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴36355
-₴36355
₴14050
-₴36355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
municipal
-
-
-
11 325
pensions
-
-
-
371
national
-
-
-
6 089
labour market
-
-
-
4 530
total
-
-
-
22 315
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
57 000
57 000
57 000
57 000
Total tax
72 720
72 720
72 720
22 315
After tax
-15 720
-15 720
-15 720
34 685
Living cost
20 635
20 635
20 635
20 635
Free-cash
-36 355
-36 355
-36 355
14 050

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4612
₴3201
₴29800
₴21101
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
accident
-
-
-
108
income
-
-
-
15 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
17 971
Employee
14 518
-
50 239
-
health
1 662
-
5 752
-
income
1 992
-
10 909
-
pensions
1 635
-
3 248
-
total
5 289
-
19 909
-
Employer
14 518
-
50 239
-
accident
242
-
839
-
unemployment
356
-
1 231
-
pensions
2 361
-
4 691
-
total
2 959
-
6 761
-
Corporate
39 523
57 000
-
-
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.

35 571
51 300
-
-
total
35 571
51 300
-
-
Dividends
3 952
5 700
-
-
withholding
751
1 083
-
-
total
751
1 083
-
-
Income
57 000
57 000
57 000
57 000
Total tax
44 570
52 383
26 670
17 971
After tax
12 430
4 617
30 330
39 029
Living cost
9 229
9 229
9 229
9 229
Free-cash
3 201
-4 612
21 101
29 800

Estimated living cost  is ₴9229 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20373
₴20681
₴22447
₴14632
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
57 000
municipal
-
-
-
10 134
health
-
-
-
699
national
-
-
-
7 277
total
-
-
-
18 110
Employee
22 533
-
47 952
-
health
168
-
560
-
municipal
3 691
-
7 819
-
pensions
1 521
-
3 236
-
unemployment
338
-
719
-
national
372
-
4 544
-
total
6 090
-
16 878
-
Employer
22 533
-
47 952
-
accident
23
-
48
-
unemployment
146
-
311
-
pensions
3 909
-
8 319
-
health
173
-
369
-
total
4 251
-
9 047
-
Corporate
30 215
57 000
-
-
income
6 043
11 400
-
-
total
6 043
11 400
-
-
Dividends

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

18 129
34 200
-
-
national
229
2 628
-
-
municipal
3 263
6 156
-
-
total
3 492
8 784
-
-
Income
57 000
57 000
57 000
57 000
Total tax
19 876
20 184
25 925
18 110
After tax
37 124
36 816
31 075
38 890
Living cost
16 443
16 443
16 443
16 443
Free-cash
20 681
20 373
14 632
22 447

Estimated living cost  is ₴16443 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31726
₴29396
₴29960
₴29365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
8 741
health
-
-
-
1 453
social contributions
-
-
-
6 930
total
-
-
-
17 124
Employee
32 933
32 933
52 345
-
social contributions
1 245
2 733
3 687
-
health
255
560
890
-
income
3 586
3 049
8 487
-
total
5 086
6 342
13 064
-
Employer
32 933
32 933
52 345
-
social contributions
1 245
2 733
3 687
-
health
277
610
968
-
total
1 522
3 343
4 655
-
Corporate
40 475
20 724
-
-
income
5 059
2 590
-
-
total
5 059
2 590
-
-
Dividends
35 416
18 133
-
-
withholding
6 021
3 083
-
-
total
6 021
3 083
-
-
Income
57 000
57 000
57 000
57 000
Total tax
17 688
15 358
17 719
17 124
After tax
39 312
41 642
39 281
39 876
Living cost
9 916
9 916
9 916
9 916
Free-cash
29 396
31 726
29 365
29 960

Estimated living cost  is ₴9916 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40402
₴38223
₴40267
₴31676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57 000
income
-
-
-
5 647
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
9 933
Employee

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

9 831
-
52 814
-
health
836
-
3 454
-
income
672
-
4 586
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
14 339
-
Employer

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

9 831
-
52 814
-
unemployment
49
-
203
-
pensions
540
-
2 235
-
health
423
-
1 747
-
total
1 012
-
4 185
-
Corporate
46 157
57 000
-
-
income
4 154
5 130
-
-
total
4 154
5 130
-
-
Dividends
42 003
51 870
-
-
withholding
3 780
4 668
-
-
total
3 780
4 668
-
-
Income
57 000
57 000
57 000
57 000
Total tax
11 977
9 798
18 524
9 933
After tax
45 023
47 202
38 476
47 067
Living cost
6 800
6 800
6 800
6 800
Free-cash
38 223
40 402
31 676
40 267

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26440
₴24351
₴20123
₴18065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
accident
-
-
-
358
income
-
-
-
13 190
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
25 100
Employee
15 836
-
44 345
-
other
15
-
40
-
income
3 053
-
11 981
-
pensions
744
-
1 866
-
unemployment
245
-
615
-
total
4 057
-
14 502
-
Employer
15 836
-
44 345
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
36 115
57 000
-
-
income

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

5 417
8 550
-
-
total
5 417
8 550
-
-
Dividends
30 698
48 450
-
-
withholding
6 349
10 233
-
-
total
6 349
10 233
-
-
Income
57 000
57 000
57 000
57 000
Total tax
20 872
18 783
27 158
25 100
After tax
36 128
38 217
29 842
31 900
Living cost
11 777
11 777
11 777
11 777
Free-cash
24 351
26 440
18 065
20 123

Estimated living cost  is ₴11777 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
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.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34398
₴34205
₴35193
₴35111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
19 165
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
20 637
Employee
1 782
-
56 040
-
health
89
-
213
-
income
345
-
19 120
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
19 760
-
Employer
1 782
-
56 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
54 817
57 000
-
-
income
12 060
12 540
-
-
total
12 060
12 540
-
-
Dividends
42 758
44 460
-
-
withholding
8 552
8 892
-
-
total
8 552
8 892
-
-
Income
57 000
57 000
57 000
57 000
Total tax
21 625
21 432
20 719
20 637
After tax
35 375
35 568
36 281
36 363
Living cost
1 170
1 170
1 170
1 170
Free-cash
34 205
34 398
35 111
35 193

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33774
₴31667
₴25165
₴25166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
income
-
-
-
12 461
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
24 427
Employee

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

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

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

11 170
-
51 334
-
health
575
-
1 630
-
income
1 540
-
12 461
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
18 760
-
Employer

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

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

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

11 170
-
51 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
43 830
57 000
-
-
income
6 575
8 550
-
-
total
6 575
8 550
-
-
Dividends
37 256
48 450
-
-
withholding
5 588
7 268
-
-
total
5 588
7 268
-
-
Income
57 000
57 000
57 000
57 000
Total tax
17 925
15 818
24 426
24 427
After tax
39 075
41 182
32 574
32 573
Living cost
7 408
7 408
7 408
7 408
Free-cash
31 667
33 774
25 166
25 165

Estimated living cost  is ₴7408 per week

₴4988
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.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20876
₴20719
₴19602
₴15842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
income
-
-
-
6 044
surtax
-
-
-
-
social contributions

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

-
-
-
19 808
total
-
-
-
25 852
Employee
16 623
-
46 060
-
social contributions
1 829
-
5 067
-
surtax
-
-
-
-
income
3 248
-
13 606
-
total
5 077
-
18 673
-
Employer
16 623
-
46 060
-
social contributions
3 948
-
10 939
-
total
3 948
-
10 939
-
Corporate
36 430
57 000
-
-
surtax
-
-
-
-
income
7 651
11 970
-
-
total
7 651
11 970
-
-
Dividends
28 779
45 030
-
-
withholding
8 059
12 608
-
-
total
8 059
12 608
-
-
Income
57 000
57 000
57 000
57 000
Total tax
24 735
24 578
29 612
25 852
After tax
32 265
32 422
27 388
31 148
Living cost
11 546
11 546
11 546
11 546
Free-cash
20 719
20 876
15 842
19 602

Estimated living cost  is ₴11546 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23165
₴20056
₴16848
₴14790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
accident
-
-
-
358
income
-
-
-
13 190
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
25 100
Employee
20 684
-
44 345
-
other
20
-
40
-
income
4 320
-
11 981
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
14 502
-
Employer
20 684
-
44 345
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
29 721
57 000
-
-
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.

4 458
8 550
-
-
total
4 458
8 550
-
-
Dividends
25 263
48 450
-
-
withholding
5 207
10 233
-
-
total
5 207
10 233
-
-
Income
57 000
57 000
57 000
57 000
Total tax
21 892
18 783
27 158
25 100
After tax
35 108
38 217
29 842
31 900
Living cost
15 052
15 052
15 052
15 052
Free-cash
20 056
23 165
14 790
16 848

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41363
₴38751
₴37080
₴39116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
8 550
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
12 548
Employee
9 762
-
54 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
5 406
-
pensions

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

857
-
1 314
-
total
2 389
-
7 574
-
Employer
9 762
-
54 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
45 322
57 000
-
-
income
4 532
5 700
-
-
total
4 532
5 700
-
-
Dividends
40 790
51 300
-
-
withholding
2 040
2 565
-
-
total
2 040
2 565
-
-
Income
57 000
57 000
57 000
57 000
Total tax
10 877
8 265
10 512
12 548
After tax
46 123
48 735
46 488
44 452
Living cost
7 372
7 372
7 372
7 372
Free-cash
38 751
41 363
39 116
37 080

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12829
₴18434
₴15786
₴21108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
trade
-
-
-
5 322
income

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

-
-
-
15 574
health

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

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

-
-
-
2 926
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.

-
-
-
857
total
-
-
-
24 679
Employee

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

21 310
-
57 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
857
-
income

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

1 752
-
15 574
-
total
4 775
-
19 357
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 690
57 000
-
-
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.

294
471
-
-
income
5 354
8 550
-
-
trade
5 121
8 180
-
-
chamber of commerce
117
149
-
-
total
10 886
17 350
-
-
Dividends
24 804
39 651
-
-
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.

332
536
-
-
withholding
6 038
9 750
-
-
total
6 370
10 286
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 031
27 636
19 357
24 679
After tax
34 969
29 364
37 643
32 321
Living cost
16 535
16 535
16 535
16 535
Free-cash
18 434
12 829
21 108
15 786

Estimated living cost  is ₴16535 per week

₴11406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15503
₴16448
₴7799
₴7799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
15 721
social contributions
-
-
-
9 083
total
-
-
-
24 804
Employee
33 502
-
57 000
-
income
6 322
-
15 721
-
social contributions
2 783
-
9 083
-
total
9 105
-
24 804
-
Employer
33 502
-
57 000
-
total
-
-
-
-
Corporate
23 498
57 000
-
-
income
2 937
7 125
-
-
total
2 937
7 125
-
-
Dividends
20 561
49 875
-
-
withholding
4 113
9 975
-
-
total
4 113
9 975
-
-
Income
57 000
57 000
57 000
57 000
Total tax
16 155
17 100
24 804
24 804
After tax
40 845
39 900
32 196
32 196
Living cost
24 397
24 397
24 397
24 397
Free-cash
16 448
15 503
7 799
7 799

Estimated living cost  is ₴24397 per week

₴18561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19240
₴20736
₴26401
₴26107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
income
-
-
-
12 191
health

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

-
-
-
2 861
total
-
-
-
15 052
Employee
19 647
-
55 030
-
income
2 132
-
11 406
-
social contributions
1 969
-
1 970
-
total
4 101
-
13 376
-
Employer
19 647
-
55 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
35 384
57 000
-
-
income
12 384
19 950
-
-
total
12 384
19 950
-
-
Dividends
23 000
37 050
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
57 000
57 000
57 000
57 000
Total tax
20 717
22 213
15 346
15 052
After tax
36 283
34 787
41 654
41 948
Living cost
15 547
15 547
15 547
15 547
Free-cash
20 736
19 240
26 107
26 401

Estimated living cost  is ₴15547 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23364
₴24319
₴23239
₴17976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
income
-
-
-
14 304
pensions
-
-
-
3 493
total
-
-
-
17 797
Employee
21 912
-
49 966
-
health
286
-
797
-
income
3 990
-
10 796
-
pensions
1 672
-
4 433
-
total
5 948
-
16 026
-
Employer
21 912
-
49 966
-
pensions
2 214
-
6 085
-
health
416
-
949
-
total
2 630
-
7 034
-
Corporate
32 457
57 000
-
-
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.

6 167
10 830
-
-
total
6 167
10 830
-
-
Dividends
26 290
46 170
-
-
withholding
1 972
6 842
-
-
total
1 972
6 842
-
-
Income
57 000
57 000
57 000
57 000
Total tax
16 717
17 672
23 060
17 797
After tax
40 283
39 328
33 940
39 203
Living cost
15 964
15 964
15 964
15 964
Free-cash
24 319
23 364
17 976
23 239

Estimated living cost  is ₴15964 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5526
₴3061
₴28886
₴20187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
accident
-
-
-
108
income
-
-
-
15 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
17 971
Employee
15 955
-
50 239
-
health
1 827
-
5 752
-
income
2 189
-
10 909
-
pensions
1 797
-
3 248
-
total
5 813
-
19 909
-
Employer
15 955
-
50 239
-
accident
266
-
839
-
unemployment
391
-
1 231
-
pensions
2 594
-
4 691
-
total
3 251
-
6 761
-
Corporate
37 793
57 000
-
-
income

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

34 014
51 300
-
-
total
34 014
51 300
-
-
Dividends
3 779
5 700
-
-
withholding
718
1 083
-
-
total
718
1 083
-
-
Income
57 000
57 000
57 000
57 000
Total tax
43 796
52 383
26 670
17 971
After tax
13 204
4 617
30 330
39 029
Living cost
10 143
10 143
10 143
10 143
Free-cash
3 061
-5 526
20 187
28 886

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42180
₴40177
₴26421
₴32678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 000
work injury
-
-
-
285
health insurance
-
-
-
4 218
income
-
-
-
9 119
pensions
-
-
-
10 488
unemployment
-
-
-
684
total
-
-
-
24 794
Employee

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

9 257
-
57 000
-
work injury
46
-
171
-
income
926
-
9 119
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
18 537
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 743
57 000
-
-
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%.

477
570
-
-
total
477
570
-
-
Dividends
47 266
56 430
-
-
withholding
7 090
8 465
-
-
total
7 090
8 465
-
-
Income
57 000
57 000
57 000
57 000
Total tax
11 038
9 035
18 537
24 794
After tax
45 962
47 965
38 463
32 206
Living cost
5 785
5 785
5 785
5 785
Free-cash
40 177
42 180
32 678
26 421

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12962
₴11014
₴10529
₴7923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 000
municipal
-
-
-
381
regional
-
-
-
1 269
national
-
-
-
13 098
social contributions
-
-
-
14 661
total
-
-
-
29 409
Employee
36 090
-
57 000
-
social contributions
12 169
-
19 220
-
regional
545
-
1 089
-
municipal
215
-
340
-
national
6 099
-
11 366
-
total
19 028
-
32 015
-
Employer
36 090
-
57 000
-
total
-
-
-
-
Corporate
20 910
57 000
-
-
nationa
5 018
13 680
-
-
municipal
1 008
2 747
-
-
total
6 026
16 427
-
-
Dividends
14 884
40 572
-
-
withholding
3 870
10 549
-
-
total
3 870
10 549
-
-
Income
57 000
57 000
57 000
57 000
Total tax
28 924
26 976
32 015
29 409
After tax
28 076
30 024
24 985
27 591
Living cost
17 062
17 062
17 062
17 062
Free-cash
11 014
12 962
7 923
10 529

Estimated living cost  is ₴17062 per week

₴11985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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