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
₴ 57500
per

Your estimated
City
free-cash

Dresden , Germany
₴19229
₴13579
₴24571
₴19257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
trade
-
-
-
5 314
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.

-
-
-
728
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.

-
-
-
13 234
health

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

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

-
-
-
3 491
total
-
-
-
22 767
Employee

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

19 543
-
57 500
-
health

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

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

3 491
-
3 491
-
surtax

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

30
-
728
-
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.

546
-
13 234
-
total
4 067
-
17 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 957
57 500
-
-
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.

313
474
-
-
trade
5 979
9 056
-
-
chamber of commerce
132
160
-
-
income
5 694
8 625
-
-
total
12 118
18 315
-
-
Dividends
25 840
39 185
-
-
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.

344
528
-
-
withholding
6 266
9 602
-
-
total
6 610
10 130
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 795
28 445
17 453
22 767
After tax
34 705
29 055
40 047
34 733
Living cost
15 476
15 476
15 476
15 476
Free-cash
19 229
13 579
24 571
19 257

Estimated living cost  is ₴15476 per week

₴9735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6954
₴7427
₴6667
₴6216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
618
municipal
-
-
-
6 006
pensions
-
-
-
6 900
national
-
-
-
9 307
total
-
-
-
22 831
Employee
44 108
-
49 708
-
national
8 442
-
9 652
-
pensions
1 764
-
1 988
-
municipal
5 448
-
6 229
-
total
15 654
-
17 869
-
Employer
44 108
-
49 708
-
social contributions
474
-
534
-
pensions
3 529
-
3 977
-
total
4 003
-
4 511
-
Corporate
6 478
57 500
-
-
income

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

1 296
11 500
-
-
total
1 296
11 500
-
-
Dividends
5 183
46 000
-
-
withholding
1 140
10 120
-
-
total
1 140
10 120
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 093
21 620
22 380
22 831
After tax
35 407
35 880
35 120
34 669
Living cost
28 453
28 453
28 453
28 453
Free-cash
6 954
7 427
6 667
6 216

Estimated living cost  is ₴28453 per week

₴19339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴426
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31178
₴35370
₴21708
₴19992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
surtax
-
-
-
-
social contributions

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

-
-
-
18 487
income
-
-
-
8 391
microenterprise
-
-
-
-
total
-
-
-
26 878
Employee
14 930
-
46 337
-
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.

1 643
-
5 097
-
surtax
-
-
-
-
income
2 658
-
8 903
-
total
4 301
-
14 000
-
Employer
14 930
-
46 337
-
surtax
-
-
-
-
social contributions

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

3 596
-
11 162
-
total
3 596
-
11 162
-
Corporate
38 974
57 500
-
-
income

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

7 795
11 500
-
-
total
7 795
11 500
-
-
Dividends

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

31 179
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
15 692
11 500
25 162
26 878
After tax
41 808
46 000
32 338
30 622
Living cost
10 630
10 630
10 630
10 630
Free-cash
31 178
35 370
21 708
19 992

Estimated living cost  is ₴10630 per week

₴6781
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3447
₴6579
₴8402
₴11384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
12 425
pensions
-
-
-
5 986
health
-
-
-
6 301
total
-
-
-
24 712
Employee
43 632
43 632
48 933
-
health
6 697
5 696
5 999
-
pensions
7 854
5 986
5 986
-
income

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

7 142
7 142
7 142
-
total
21 693
18 824
19 127
-
Employer
43 632
43 632
48 933
-
health
3 033
3 033
3 400
-
unemployment
1 571
1 571
1 762
-
pensions
3 037
3 037
3 405
-
total
7 641
7 641
8 567
-
Corporate
6 762
6 227
-
-
income
1 353
1 245
-
-
total
1 353
1 245
-
-
Dividends
5 410
4 982
-
-
income
1 150
1 059
-
-
withholding
812
748
-
-
total
1 962
1 807
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 649
29 517
27 694
24 712
After tax
24 851
27 983
29 806
32 788
Living cost
21 404
21 404
21 404
21 404
Free-cash
3 447
6 579
8 402
11 384

Estimated living cost  is ₴21404 per week

₴15169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴10314
₴10778
₴9871
₴10200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
5 251
municipal
-
-
-
13 243
unemployment
-
-
-
45
pensions
-
-
-
4 885
accident
-
-
-
90
health
-
-
-
2 820
national
-
-
-
349
total
-
-
-
26 683
Employee
29 378
-
43 753
-
national
-
-
218
-
municipal
8 760
-
13 047
-
total
8 760
-
13 265
-
Employer
29 378
-
43 753
-
other
3 414
-
5 084
-
health
1 807
-
2 691
-
accident
59
-
87
-
unemployment
776
-
1 155
-
pensions
3 176
-
4 730
-
total
9 232
-
13 747
-
Corporate
18 892
57 500
-
-
income
4 156
12 650
-
-
total
4 156
12 650
-
-
Dividends
14 736
44 850
-
-
withholding
4 421
13 455
-
-
total
4 421
13 455
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 569
26 105
27 012
26 683
After tax
30 931
31 395
30 488
30 817
Living cost
20 617
20 617
20 617
20 617
Free-cash
10 314
10 778
9 871
10 200

Estimated living cost  is ₴20617 per week

₴13664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15867
₴8686
₴19975
₴14424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
trade
-
-
-
5 551
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.

-
-
-
728
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.

-
-
-
13 234
health

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

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

-
-
-
3 491
total
-
-
-
23 004
Employee

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

25 911
-
57 500
-
health

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

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

3 491
-
3 491
-
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.

122
-
728
-
income

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

2 226
-
13 234
-
total
5 839
-
17 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 589
57 500
-
-
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.

261
474
-
-
trade
5 196
9 459
-
-
chamber of commerce
122
159
-
-
income
4 738
8 625
-
-
total
10 317
18 717
-
-
Dividends
21 271
38 784
-
-
surtax

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

282
523
-
-
withholding
5 123
9 502
-
-
total
5 405
10 025
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 561
28 742
17 453
23 004
After tax
35 939
28 758
40 047
34 496
Living cost
20 072
20 072
20 072
20 072
Free-cash
15 867
8 686
19 975
14 424

Estimated living cost  is ₴20072 per week

₴13424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23361
₴25480
₴23288
₴23837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
8 267
income
-
-
-
7 358
health
-
-
-
1 466
total
-
-
-
17 091
Employee
39 289
39 289
52 201
-
social contributions
1 909
3 261
4 332
-
health
391
668
887
-
income
4 126
3 637
7 123
-
total
6 426
7 566
12 342
-
Employer
39 289
39 289
52 201
-
health
426
727
966
-
social contributions
1 909
3 261
4 332
-
total
2 335
3 988
5 298
-
Corporate
32 167
14 223
-
-
income
4 021
1 778
-
-
total
4 021
1 778
-
-
Dividends
28 146
12 445
-
-
withholding
4 785
2 116
-
-
total
4 785
2 116
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 567
15 448
17 640
17 091
After tax
39 933
42 052
39 860
40 409
Living cost
16 572
16 572
16 572
16 572
Free-cash
23 361
25 480
23 288
23 837

Estimated living cost  is ₴16572 per week

₴11329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22541
₴22333
₴23282
₴29783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
7 029
unemployment
-
-
-
862
pensions
-
-
-
5 750
health
-
-
-
4 025
total
-
-
-
17 666
Employee

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

The minimum wage is 138,000 HUF per month.

14 509
5 774
48 117
-
unemployment
218
87
722
-
health
1 016
404
3 368
-
pensions
1 451
577
4 812
-
income
1 774
706
5 882
-
total
4 459
1 774
14 784
-
Employer

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

The minimum wage is 138,000 HUF per month.

14 509
5 774
48 117
-
pensions
2 829
1 126
9 383
-
total
2 829
1 126
9 383
-
Corporate
40 162
50 600
-
-
income
3 615
4 554
-
-
total
3 615
4 554
-
-
Dividends
36 547
46 046
-
-
social contributions
7 061
8 913
-
-
withholding
6 944
8 749
-
-
total
14 005
17 662
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 908
25 116
24 167
17 666
After tax
32 592
32 384
33 333
39 834
Living cost
10 051
10 051
10 051
10 051
Free-cash
22 541
22 333
23 282
29 783

Estimated living cost  is ₴10051 per week

₴6859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴822
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.
₴2169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30485
₴33659
₴20802
₴18479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
7 705
pensions
-
-
-
11 500
health
-
-
-
7 475
total
-
-
-
26 680
Employee
14 495
-
42 974
-
unemployment
232
-
687
-
pensions
290
-
859
-
income
1 632
-
8 285
-
total
2 154
-
9 831
-
Employer
14 495
-
42 974
-
health
1 884
-
5 587
-
unemployment
116
-
344
-
pensions
2 899
-
8 595
-
total
4 899
-
14 526
-
Corporate
38 106
57 500
-
-
income
7 621
11 500
-
-
total
7 621
11 500
-
-
Dividends
30 485
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 674
11 500
24 357
26 680
After tax
42 826
46 000
33 143
30 820
Living cost
12 341
12 341
12 341
12 341
Free-cash
30 485
33 659
20 802
18 479

Estimated living cost  is ₴12341 per week

₴8465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
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.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2957
-₴6416
₴19065
₴28345
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
187
income
-
-
-
14 575
pensions
-
-
-
2 094
accident
-
-
-
127
health
-
-
-
1 098
total
-
-
-
18 081
Employee
17 420
-
49 898
-
health
1 995
-
5 713
-
pensions
1 962
-
3 840
-
income
2 390
-
10 207
-
total
6 347
-
19 760
-
Employer
17 420
-
49 898
-
accident
291
-
833
-
unemployment
427
-
1 222
-
pensions
2 833
-
5 546
-
total
3 551
-
7 601
-
Corporate
36 529
57 500
-
-
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.

32 877
51 750
-
-
total
32 877
51 750
-
-
Dividends
3 653
5 750
-
-
withholding
694
1 092
-
-
total
694
1 092
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 469
52 842
27 361
18 081
After tax
14 031
4 658
30 139
39 419
Living cost
11 074
11 074
11 074
11 074
Free-cash
2 957
-6 416
19 065
28 345

Estimated living cost  is ₴11074 per week

₴8116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49234
₴50085
₴41460
₴52385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
57 500
microenterprise

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

-
-
-
575
total
-
-
-
575
Employee
5 675
-
57 500
-
income
1 135
-
11 500
-
total
1 135
-
11 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

51 825
57 500
-
-
total
-
-
-
-
Dividends
51 825
57 500
-
-
withholding
2 591
2 875
-
-
total
2 591
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
3 726
2 875
11 500
575
After tax
53 774
54 625
46 000
56 925
Living cost
4 540
4 540
4 540
4 540
Free-cash
49 234
50 085
41 460
52 385

Estimated living cost  is ₴4540 per week

₴2814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴125
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25180
₴28631
₴19754
₴17377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
2 731
income
-
-
-
7 448
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.

-
-
-
13 799
health
-
-
-
2 530
total
-
-
-
26 508
Employee
18 552
-
45 927
-
unemployment
185
-
460
-
health
260
-
643
-
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.

1 298
-
3 215
-
income
3 194
-
8 240
-
total
4 937
-
12 558
-
Employer
18 552
-
45 927
-
other
928
-
2 296
-
health
260
-
643
-
accident
148
-
367
-
unemployment
185
-
460
-
pensions

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

3 154
-
7 807
-
total
4 675
-
11 573
-
Corporate
34 273
57 500
-
-
income
7 197
12 075
-
-
total
7 197
12 075
-
-
Dividends
27 075
45 425
-
-
withholding
1 896
3 179
-
-
total
1 896
3 179
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 705
15 254
24 131
26 508
After tax
38 795
42 246
33 369
30 992
Living cost
13 615
13 615
13 615
13 615
Free-cash
25 180
28 631
19 754
17 377

Estimated living cost  is ₴13615 per week

₴9620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
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.
₴2856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1042
₴6466
₴619
₴5833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
12 784
pensions
-
-
-
4 005
total
-
-
-
16 789
Employee
49 347
-
50 548
-
health
813
-
838
-
pensions
4 761
-
4 904
-
income
8 895
-
9 309
-
total
14 469
-
15 051
-
Employer
49 347
-
50 548
-
health
937
-
960
-
pensions
5 826
-
5 992
-
total
6 763
-
6 952
-
Corporate
1 389
57 500
-
-
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.

264
10 925
-
-
total
264
10 925
-
-
Dividends
1 125
46 575
-
-
withholding
84
5 231
-
-
total
84
5 231
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 580
16 156
22 003
16 789
After tax
35 920
41 344
35 497
40 711
Living cost
34 878
34 878
34 878
34 878
Free-cash
1 042
6 466
619
5 833

Estimated living cost  is ₴34878 per week

₴26135
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4098
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.
₴4362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40096
₴42468
₴39325
₴37419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
8 625
unemployment
-
-
-
71
pensions

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

-
-
-
2 640
health
-
-
-
2 051
total
-
-
-
13 387
Employee
8 864
-
54 001
-
health
408
-
820
-
accident

We are using the highest rate at 1.1%.

98
-
196
-
pensions

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

778
-
1 566
-
income
886
-
5 400
-
total
2 170
-
7 982
-
Employer
8 864
-
54 001
-
health
612
-
1 231
-
accident

We are using the highest rate at 1.1%.

98
-
196
-
unemployment
53
-
107
-
pensions

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

977
-
1 965
-
total
1 740
-
3 499
-
Corporate
46 896
57 500
-
-
income
4 690
5 750
-
-
total
4 690
5 750
-
-
Dividends
42 207
51 750
-
-
withholding
2 110
2 588
-
-
total
2 110
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
10 710
8 338
11 481
13 387
After tax
46 790
49 162
46 019
44 113
Living cost
6 694
6 694
6 694
6 694
Free-cash
40 096
42 468
39 325
37 419

Estimated living cost  is ₴6694 per week

₴3908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴478
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴935
-₴350
₴1473
₴4455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
12 425
pensions
-
-
-
5 986
health
-
-
-
6 301
total
-
-
-
24 712
Employee
47 371
43 632
48 933
-
health
5 910
5 696
5 999
-
pensions
5 986
5 986
5 986
-
income

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

7 142
7 142
7 142
-
total
19 038
18 824
19 127
-
Employer
47 371
43 632
48 933
-
health
3 292
3 033
3 400
-
unemployment
1 706
1 571
1 762
-
pensions
3 297
3 037
3 405
-
total
8 295
7 641
8 567
-
Corporate
1 835
6 227
-
-
income
367
1 245
-
-
total
367
1 245
-
-
Dividends
1 468
4 982
-
-
income
312
1 059
-
-
withholding
220
748
-
-
total
532
1 807
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 232
29 517
27 694
24 712
After tax
29 268
27 983
29 806
32 788
Living cost
28 333
28 333
28 333
28 333
Free-cash
935
-350
1 473
4 455

Estimated living cost  is ₴28333 per week

₴20900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2531
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22397
₴26917
₴16507
₴15333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
16 790
income
-
-
-
4 942
health
-
-
-
7 763
solidarity contribution
-
-
-
-
total
-
-
-
29 495
Employee
18 636
-
42 910
-
social contributions
1 211
-
2 789
-
health
2 516
-
5 793
-
solidarity contribution
-
-
-
-
income
2 236
-
5 149
-
total
5 963
-
13 731
-
Employer
18 636
-
42 910
-
health
1 677
-
3 862
-
social contributions
4 659
-
10 728
-
total
6 336
-
14 590
-
Corporate
32 528
57 500
-
-
income
6 180
10 925
-
-
total
6 180
10 925
-
-
Dividends
26 348
46 575
-
-
withholding
3 952
6 986
-
-
total
3 952
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 431
17 911
28 321
29 495
After tax
35 069
39 589
29 179
28 005
Living cost
12 672
12 672
12 672
12 672
Free-cash
22 397
26 917
16 507
15 333

Estimated living cost  is ₴12672 per week

₴8802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6452
₴9118
₴4767
₴7502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
regional
-
-
-
646
social contributions
-
-
-
14 789
municipal
-
-
-
341
national
-
-
-
12 662
total
-
-
-
28 438
Employee
45 409
-
57 500
-
social contributions
15 312
-
19 389
-
national
7 868
-
10 914
-
regional
428
-
566
-
municipal
240
-
304
-
total
23 848
-
31 173
-
Employer
45 409
-
57 500
-
total
-
-
-
-
Corporate
12 091
57 500
-
-
municipal
471
2 243
-
-
nationa
2 902
13 800
-
-
total
3 373
16 043
-
-
Dividends
8 717
41 457
-
-
withholding
2 267
10 779
-
-
total
2 267
10 779
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 488
26 822
31 173
28 438
After tax
28 012
30 678
26 327
29 062
Living cost
21 560
21 560
21 560
21 560
Free-cash
6 452
9 118
4 767
7 502

Estimated living cost  is ₴21560 per week

₴15029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23304
₴24893
₴16436
₴17380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
-
surtax
-
-
-
1 512
income
-
-
-
11 635
unemployment
-
-
-
116
pensions
-
-
-
11 500
health
-
-
-
4 082
total
-
-
-
28 845
Employee
16 897
-
47 501
-
other
-
-
-
-
unemployment
1 176
-
3 306
-
health
431
-
1 211
-
surtax
55
-
1 363
-
pensions
1 127
-
3 169
-
income
2 832
-
10 741
-
total
5 621
-
19 790
-
Employer
16 897
-
47 501
-
other
-
-
-
-
health
769
-
2 161
-
unemployment
535
-
1 506
-
pensions
2 252
-
6 332
-
total
3 556
-
9 999
-
Corporate
37 047
57 500
-
-
income
9 632
14 950
-
-
total
9 632
14 950
-
-
Dividends
27 415
42 550
-
-
withholding
4 112
6 382
-
-
total
4 112
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 921
21 332
29 789
28 845
After tax
34 579
36 168
27 711
28 655
Living cost
11 275
11 275
11 275
11 275
Free-cash
23 304
24 893
16 436
17 380

Estimated living cost  is ₴11275 per week

₴6894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15150
₴17516
₴11669
₴16883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
12 784
pensions
-
-
-
4 005
total
-
-
-
16 789
Employee
33 071
-
50 548
-
health
480
-
838
-
pensions
2 807
-
4 904
-
income
5 956
-
9 309
-
total
9 243
-
15 051
-
Employer
33 071
-
50 548
-
health
628
-
960
-
pensions
3 580
-
5 992
-
total
4 208
-
6 952
-
Corporate
20 221
57 500
-
-
income

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

3 842
10 925
-
-
total
3 842
10 925
-
-
Dividends
16 379
46 575
-
-
withholding
1 229
5 231
-
-
total
1 229
5 231
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 522
16 156
22 003
16 789
After tax
38 978
41 344
35 497
40 711
Living cost
23 828
23 828
23 828
23 828
Free-cash
15 150
17 516
11 669
16 883

Estimated living cost  is ₴23828 per week

₴17851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1786
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3941
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3156
-₴14146
₴4501
₴7349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
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.

-
-
-
1 150
regional
-
-
-
2 097
city
-
-
-
607
pensions
-
-
-
5 290
health
-
-
-
132
national
-
-
-
436
total
-
-
-
9 712
Employee
47 324
-
51 467
-
national
224
-
318
-
unemployment
-
-
-
-
regional
1 550
-
1 784
-
city
508
-
553
-
health
107
-
115
-
pensions
3 976
-
4 323
-
total
6 365
-
7 093
-
Employer
47 324
-
51 467
-
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.

946
-
1 029
-
health
107
-
115
-
unemployment
-
-
-
-
pensions
3 976
-
4 323
-
total
5 029
-
5 467
-
Corporate
4 626
57 500
-
-
national
394
4 888
-
-
regional
978
12 161
-
-
total
1 372
17 049
-
-
Dividends
3 254
40 451
-
-
withholding
1 139
14 158
-
-
total
1 139
14 158
-
-
Income
57 500
57 500
57 500
57 500
Total tax
13 905
31 207
12 560
9 712
After tax
43 595
26 293
44 940
47 788
Living cost
40 439
40 439
40 439
40 439
Free-cash
3 156
-14 146
4 501
7 349

Estimated living cost  is ₴40439 per week

₴26297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13341
₴5057
₴16640
₴10852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
trade
-
-
-
5 788
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.

-
-
-
728
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.

-
-
-
13 234
health

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

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

-
-
-
3 491
total
-
-
-
23 241
Employee

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

30 707
-
57 500
-
health

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

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

3 491
-
3 491
-
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.

199
-
728
-
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.

3 611
-
13 234
-
total
7 301
-
17 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 793
57 500
-
-
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.

221
474
-
-
trade
4 595
9 861
-
-
chamber of commerce
115
158
-
-
income
4 019
8 625
-
-
total
8 950
19 118
-
-
Dividends
17 843
38 382
-
-
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.

235
517
-
-
withholding
4 266
9 401
-
-
total
4 501
9 918
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 752
29 036
17 453
23 241
After tax
36 748
28 464
40 047
34 259
Living cost
23 407
23 407
23 407
23 407
Free-cash
13 341
5 057
16 640
10 852

Estimated living cost  is ₴23407 per week

₴17095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14517
₴11500
₴17712
₴15448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
1 782
surtax
-
-
-
-
social contributions
-
-
-
1 638
income
-
-
-
6 383
pensions
-
-
-
13 351
health
-
-
-
1 417
total
-
-
-
24 571
Employee
21 868
-
46 282
-
social contributions
623
-
1 319
-
surtax
-
-
-
-
pensions
2 473
-
2 441
-
income
1 291
-
7 329
-
total
4 387
-
11 089
-
Employer
21 868
-
46 282
-
other
754
-
1 597
-
health
1 531
-
3 361
-
social contributions
66
-
139
-
unemployment
885
-
1 874
-
pensions
3 592
-
4 247
-
total
6 828
-
11 218
-
Corporate
28 803
57 500
-
-
surtax
-
-
-
-
income
8 065
16 100
-
-
total
8 065
16 100
-
-
Dividends
20 738
41 400
-
-
withholding
2 655
5 299
-
-
social contributions
3 567
7 120
-
-
surtax
-
-
-
-
total
6 222
12 419
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 502
28 519
22 307
24 571
After tax
31 998
28 981
35 193
32 929
Living cost
17 481
17 481
17 481
17 481
Free-cash
14 517
11 500
17 712
15 448

Estimated living cost  is ₴17481 per week

₴11023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16071
₴13232
₴19444
₴17180
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
1 782
surtax
-
-
-
-
social contributions
-
-
-
1 638
income
-
-
-
6 383
pensions
-
-
-
13 351
health
-
-
-
1 417
total
-
-
-
24 571
Employee
19 520
-
46 282
-
social contributions
557
-
1 319
-
surtax
-
-
-
-
pensions
2 208
-
2 441
-
income
1 006
-
7 329
-
total
3 771
-
11 089
-
Employer
19 520
-
46 282
-
other
674
-
1 597
-
health
1 366
-
3 361
-
social contributions
58
-
139
-
unemployment
790
-
1 874
-
pensions
3 207
-
4 247
-
total
6 095
-
11 218
-
Corporate
31 884
57 500
-
-
surtax
-
-
-
-
income
8 927
16 100
-
-
total
8 927
16 100
-
-
Dividends
22 957
41 400
-
-
withholding
2 939
5 299
-
-
social contributions
3 948
7 120
-
-
surtax
-
-
-
-
total
6 887
12 419
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 680
28 519
22 307
24 571
After tax
31 820
28 981
35 193
32 929
Living cost
15 749
15 749
15 749
15 749
Free-cash
16 071
13 232
19 444
17 180

Estimated living cost  is ₴15749 per week

₴9134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24512
₴24245
₴25862
₴26093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
7 935
income
-
-
-
8 625
health
-
-
-
4 013
total
-
-
-
20 573
Employee
17 324
-
57 500
-
social contributions
2 391
-
7 935
-
health
1 209
-
4 013
-
income
2 889
-
8 856
-
total
6 489
-
20 804
-
Employer
17 324
-
57 500
-
total
-
-
-
-
Corporate
40 176
57 500
-
-
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%.

2 009
2 875
-
-
total
2 009
2 875
-
-
Dividends
38 167
54 625
-
-
social contributions
5 267
7 539
-
-
withholding
5 725
8 194
-
-
health
2 664
3 813
-
-
total
13 656
19 546
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 154
22 421
20 804
20 573
After tax
35 346
35 079
36 696
36 927
Living cost
10 834
10 834
10 834
10 834
Free-cash
24 512
24 245
25 862
26 093

Estimated living cost  is ₴10834 per week

₴7251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13329
₴14119
-₴1385
₴10584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
surtax
-
-
-
101
chamber of commerce
-
-
-
230
income
-
-
-
10 410
unemployment
-
-
-
3 134
pensions
-
-
-
10 638
health
-
-
-
4 399
total
-
-
-
28 912
Employee
25 535
20 362
44 570
-
other
255
204
446
-
unemployment
766
611
1 337
-
health
988
788
1 725
-
pensions
2 615
2 085
4 564
-
income
2 907
1 502
9 221
-
total
7 531
5 190
17 293
-
Employer
25 535
20 362
44 570
-
other
1 213
967
2 118
-
chamber of commerce
102
81
178
-
surtax
101
101
101
-
health
965
770
1 685
-
accident
332
265
580
-
payroll
766
611
1 337
-
unemployment
766
611
1 337
-
pensions
3 205
2 556
5 594
-
total
7 450
5 962
12 930
-
Corporate
24 517
31 177
42 631
-
income

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

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

6 129
7 795
10 658
-
total
6 129
7 795
10 658
-
Dividends
18 388
23 382
-
-
withholding
5 057
6 430
-
-
total
5 057
6 430
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 167
25 377
40 881
28 912
After tax
31 333
32 123
16 619
28 588
Living cost
18 004
18 004
18 004
18 004
Free-cash
13 329
14 119
-1 385
10 584

Estimated living cost  is ₴18004 per week

₴12008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1536
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5933
₴13595
₴3402
₴7617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
9 264
communal

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

-
-
-
2 894
national
-
-
-
19 095
total
-
-
-
31 253
Employee

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

36 548
-
44 536
-
national
11 236
-
14 360
-
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.

318
-
388
-
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.

1 717
-
2 093
-
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.

2 741
-
3 340
-
communal

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

1 906
-
2 323
-
total
17 918
-
22 504
-
Employer

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

36 548
-
44 536
-
surtax
4 144
-
5 050
-
health

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

2 248
-
2 738
-
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.

475
-
579
-
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.

533
-
651
-
pensions

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

3 238
-
3 946
-
total
10 638
-
12 964
-
Corporate
10 313
57 500
-
-
surtax
42
230
-
-
income
2 062
11 500
-
-
total
2 104
11 730
-
-
Dividends
8 209
45 771
-
-
withholding

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

2 277
13 545
-
-
total
2 277
13 545
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 937
25 275
35 468
31 253
After tax
24 563
32 225
22 032
26 247
Living cost
18 630
18 630
18 630
18 630
Free-cash
5 933
13 595
3 402
7 617

Estimated living cost  is ₴18630 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16204
₴20267
₴11439
₴12989
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
48
income
-
-
-
11 850
unemployment
-
-
-
332
pensions
-
-
-
13 402
accident
-
-
-
427
total
-
-
-
26 059
Employee
25 433
-
43 601
-
other
25
-
44
-
unemployment
395
-
676
-
pensions
1 196
-
2 049
-
income
5 366
-
10 940
-
total
6 982
-
13 709
-
Employer
25 433
-
43 601
-
other
203
-
349
-
accident
503
-
863
-
unemployment
1 399
-
2 398
-
pensions
6 002
-
10 290
-
total
8 107
-
13 900
-
Corporate
23 960
57 500
-
-
income

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

3 594
8 625
-
-
total
3 594
8 625
-
-
Dividends
20 365
48 875
-
-
withholding
4 161
10 156
-
-
total
4 161
10 156
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 844
18 781
27 609
26 059
After tax
34 656
38 719
29 891
31 441
Living cost
18 452
18 452
18 452
18 452
Free-cash
16 204
20 267
11 439
12 989

Estimated living cost  is ₴18452 per week

₴13588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3400
₴7191
₴6594
₴4224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
surtax
-
-
-
2 851
income
-
-
-
5 880
communal
-
-
-
3 634
pensions
-
-
-
8 619
accident
-
-
-
485
health
-
-
-
4 040
total
-
-
-
25 509
Employee
38 693
-
51 362
-
health
1 722
-
2 285
-
surtax
2 372
-
3 147
-
pensions
3 095
-
4 109
-
income
3 737
-
7 460
-
total
10 926
-
17 001
-
Employer
38 693
-
51 362
-
health
1 180
-
1 566
-
accident
348
-
463
-
pensions
3 095
-
4 109
-
total
4 623
-
6 138
-
Corporate
14 184
57 500
-
-
surtax
149
604
-
-
income
2 127
8 625
-
-
communal
-
3 881
-
-
total
2 276
13 110
-
-
Dividends
11 907
44 390
-
-
income
6 722
2 774
-
-
withholding
1 786
6 658
-
-
total
8 508
9 432
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 333
22 542
23 139
25 509
After tax
31 167
34 958
34 361
31 991
Living cost
27 767
27 767
27 767
27 767
Free-cash
3 400
7 191
6 594
4 224

Estimated living cost  is ₴27767 per week

₴20829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23068
₴24692
₴16235
₴17179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
-
surtax
-
-
-
1 512
income
-
-
-
11 635
unemployment
-
-
-
116
pensions
-
-
-
11 500
health
-
-
-
4 082
total
-
-
-
28 845
Employee
17 207
-
47 501
-
other
-
-
-
-
unemployment
1 197
-
3 306
-
health
439
-
1 211
-
surtax
61
-
1 363
-
pensions
1 148
-
3 169
-
income
2 885
-
10 741
-
total
5 730
-
19 790
-
Employer
17 207
-
47 501
-
other
-
-
-
-
health
782
-
2 161
-
unemployment
546
-
1 506
-
pensions
2 294
-
6 332
-
total
3 622
-
9 999
-
Corporate
36 671
57 500
-
-
income
9 534
14 950
-
-
total
9 534
14 950
-
-
Dividends
27 137
42 550
-
-
withholding
4 070
6 382
-
-
total
4 070
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 956
21 332
29 789
28 845
After tax
34 544
36 168
27 711
28 655
Living cost
11 476
11 476
11 476
11 476
Free-cash
23 068
24 692
16 235
17 179

Estimated living cost  is ₴11476 per week

₴6929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3284
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15325
₴16460
₴12356
₴15077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
regional
-
-
-
867
social contributions
-
-
-
14 789
municipal
-
-
-
341
national
-
-
-
12 662
total
-
-
-
28 659
Employee
28 343
-
57 500
-
social contributions
9 557
-
19 389
-
national
4 490
-
10 914
-
regional
382
-
773
-
municipal
150
-
304
-
total
14 579
-
31 380
-
Employer
28 343
-
57 500
-
total
-
-
-
-
Corporate
29 157
57 500
-
-
municipal
1 450
2 857
-
-
nationa
6 998
13 800
-
-
total
8 448
16 657
-
-
Dividends
20 710
40 842
-
-
withholding
5 384
10 619
-
-
total
5 384
10 619
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 411
27 276
31 380
28 659
After tax
29 089
30 224
26 120
28 841
Living cost
13 764
13 764
13 764
13 764
Free-cash
15 325
16 460
12 356
15 077

Estimated living cost  is ₴13764 per week

₴8560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
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.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴18402
₴23973
₴13563
₴12389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
16 790
income
-
-
-
4 942
health
-
-
-
7 763
solidarity contribution
-
-
-
-
total
-
-
-
29 495
Employee
22 964
-
42 910
-
social contributions
1 493
-
2 789
-
health
3 100
-
5 793
-
solidarity contribution
-
-
-
-
income
2 756
-
5 149
-
total
7 349
-
13 731
-
Employer
22 964
-
42 910
-
health
2 067
-
3 862
-
social contributions
5 741
-
10 728
-
total
7 808
-
14 590
-
Corporate
26 728
57 500
-
-
income
5 078
10 925
-
-
total
5 078
10 925
-
-
Dividends
21 650
46 575
-
-
withholding
3 247
6 986
-
-
total
3 247
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
23 482
17 911
28 321
29 495
After tax
34 018
39 589
29 179
28 005
Living cost
15 616
15 616
15 616
15 616
Free-cash
18 402
23 973
13 563
12 389

Estimated living cost  is ₴15616 per week

₴11613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15625
₴15877
₴339
₴12388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
surtax
-
-
-
-
chamber of commerce
-
-
-
230
income
-
-
-
10 410
unemployment
-
-
-
3 134
pensions
-
-
-
10 638
health
-
-
-
4 399
total
-
-
-
28 811
Employee
22 335
20 362
44 649
-
other
223
204
446
-
unemployment
670
611
1 339
-
health
864
788
1 728
-
pensions
2 287
2 085
4 572
-
income
1 990
1 502
9 248
-
total
6 034
5 190
17 333
-
Employer
22 335
20 362
44 649
-
other
1 061
967
2 121
-
chamber of commerce
89
81
178
-
surtax
-
-
-
-
health
845
770
1 688
-
accident
290
265
581
-
payroll
670
611
1 339
-
unemployment
670
611
1 339
-
pensions
2 803
2 556
5 603
-
total
6 428
5 861
12 849
-
Corporate
28 738
31 278
42 711
-
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.

7 185
7 820
10 678
-
total
7 185
7 820
10 678
-
Dividends
21 553
23 458
-
-
withholding
5 927
6 451
-
-
total
5 927
6 451
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 574
25 322
40 860
28 811
After tax
31 926
32 178
16 640
28 689
Living cost
16 301
16 301
16 301
16 301
Free-cash
15 625
15 877
339
12 388

Estimated living cost  is ₴16301 per week

₴9779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46223
₴47550
₴38925
₴49850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
57 500
microenterprise

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

-
-
-
575
total
-
-
-
575
Employee
8 844
-
57 500
-
income
1 769
-
11 500
-
total
1 769
-
11 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

48 656
57 500
-
-
total
-
-
-
-
Dividends
48 656
57 500
-
-
withholding
2 433
2 875
-
-
total
2 433
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
4 202
2 875
11 500
575
After tax
53 298
54 625
46 000
56 925
Living cost
7 075
7 075
7 075
7 075
Free-cash
46 223
47 550
38 925
49 850

Estimated living cost  is ₴7075 per week

₴4788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴297
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21611
₴25884
₴14115
₴15764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
income
-
-
-
11 786
unemployment
-
-
-
86
pensions
-
-
-
10 501
health
-
-
-
5 658
total
-
-
-
28 031
Employee

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

22 594
-
49 754
-
unemployment
32
-
70
-
health
1 459
-
3 214
-
pensions
3 502
-
7 712
-
income
3 896
-
10 938
-
total
8 889
-
21 934
-
Employer

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

22 594
-
49 754
-
health
1 505
-
3 313
-
unemployment
14
-
30
-
pensions
1 999
-
4 403
-
total
3 518
-
7 746
-
Corporate
31 388
57 500
-
-
income
5 964
10 925
-
-
total
5 964
10 925
-
-
Dividends
25 424
46 575
-
-
withholding
3 813
6 986
-
-
total
3 813
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 184
17 911
29 680
28 031
After tax
35 316
39 589
27 820
29 469
Living cost
13 705
13 705
13 705
13 705
Free-cash
21 611
25 884
14 115
15 764

Estimated living cost  is ₴13705 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26762
₴10599
₴25681
₴15353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
6 555
income
-
-
-
11 208
total
-
-
-
17 763
Employee
34 964
-
-
-
social contributions
2 867
-
409
-
income
7 712
-
-
-
total
10 579
-
409
-
Employer
34 964
-
-
-
social contributions
49 299
-
7 026
-
total
49 299
-
7 026
-
Corporate
-
57 500
-
-
income
-
12 650
-
-
total
-
12 650
-
-
Dividends
-
44 850
-
-
income
-
9 867
-
-
total
-
9 867
-
-
Income
57 500
57 500
57 500
57 500
Total tax
59 878
22 517
7 435
17 763
After tax
-2 378
34 983
50 065
39 737
Living cost
24 384
24 384
24 384
24 384
Free-cash
-26 762
10 599
25 681
15 353

Estimated living cost  is ₴24384 per week

₴15822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2293
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16165
₴16679
₴12494
₴15824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
surtax
-
-
-
-
social contributions

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

-
-
-
19 981
income
-
-
-
5 668
total
-
-
-
25 649
Employee
23 499
-
46 465
-
social contributions
2 585
-
5 111
-
surtax
-
-
-
-
income
4 888
-
12 833
-
total
7 473
-
17 944
-
Employer
23 499
-
46 465
-
social contributions
5 581
-
11 035
-
total
5 581
-
11 035
-
Corporate
28 419
57 500
-
-
surtax
-
-
-
-
income
5 968
12 075
-
-
total
5 968
12 075
-
-
Dividends
22 452
45 425
-
-
withholding
6 286
12 719
-
-
total
6 286
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 308
24 794
28 979
25 649
After tax
32 192
32 706
28 521
31 851
Living cost
16 027
16 027
16 027
16 027
Free-cash
16 165
16 679
12 494
15 824

Estimated living cost  is ₴16027 per week

₴11991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7815
₴4303
₴10515
₴8251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
1 782
surtax
-
-
-
-
social contributions
-
-
-
1 638
income
-
-
-
6 383
pensions
-
-
-
13 351
health
-
-
-
1 417
total
-
-
-
24 571
Employee
32 001
-
46 282
-
social contributions
911
-
1 319
-
surtax
-
-
-
-
pensions
3 620
-
2 441
-
income
2 792
-
7 329
-
total
7 323
-
11 089
-
Employer
32 001
-
46 282
-
other
1 104
-
1 597
-
health
2 240
-
3 361
-
social contributions
96
-
139
-
unemployment
1 296
-
1 874
-
pensions
5 258
-
4 247
-
total
9 994
-
11 218
-
Corporate
15 504
57 500
-
-
surtax
-
-
-
-
income
4 341
16 100
-
-
total
4 341
16 100
-
-
Dividends
11 163
41 400
-
-
withholding
1 429
5 299
-
-
social contributions
1 920
7 120
-
-
surtax
-
-
-
-
total
3 349
12 419
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 007
28 519
22 307
24 571
After tax
32 493
28 981
35 193
32 929
Living cost
24 678
24 678
24 678
24 678
Free-cash
7 815
4 303
10 515
8 251

Estimated living cost  is ₴24678 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34674
₴36391
₴29637
₴28108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
12 650
income
-
-
-
1 383
total
-
-
-
14 033
Employee
16 426
-
49 784
-
income
-
-
1 552
-
social contributions
1 068
-
3 236
-
total
1 068
-
4 788
-
Employer
16 426
-
49 784
-
social contributions
2 546
-
7 716
-
total
2 546
-
7 716
-
Corporate
38 528
57 500
-
-
income
3 853
5 750
-
-
total
3 853
5 750
-
-
Dividends
34 674
51 750
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
7 467
5 750
12 504
14 033
After tax
50 033
51 750
44 996
43 467
Living cost
15 359
15 359
15 359
15 359
Free-cash
34 674
36 391
29 637
28 108

Estimated living cost  is ₴15359 per week

₴9931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3981
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53599
-₴53599
-₴53599
₴10720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
labour market
-
-
-
4 565
municipal
-
-
-
11 018
pensions
-
-
-
442
national
-
-
-
6 197
total
-
-
-
22 222
Employee
103 652
103 652
103 652
-
national
12 663
12 663
12 663
-
pensions
147
147
147
-
municipal
22 072
22 072
22 072
-
labour market
8 280
8 280
8 280
-
total
43 162
43 162
43 162
-
Employer
103 652
103 652
103 652
-
national
12 685
12 685
12 685
-
labour market
8 292
8 292
8 292
-
pensions
295
295
295
-
municipal
22 107
22 107
22 107
-
total
43 379
43 379
43 379
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
86 541
86 541
86 541
22 222
After tax
-29 041
-29 041
-29 041
35 278
Living cost
24 558
24 558
24 558
24 558
Free-cash
-53 599
-53 599
-53 599
10 720

Estimated living cost  is ₴24558 per week

₴16808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2982
-₴6253
₴19228
₴28508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
187
income
-
-
-
14 575
pensions
-
-
-
2 094
accident
-
-
-
127
health
-
-
-
1 098
total
-
-
-
18 081
Employee
17 164
-
49 898
-
health
1 965
-
5 713
-
pensions
1 933
-
3 840
-
income
2 355
-
10 207
-
total
6 253
-
19 760
-
Employer
17 164
-
49 898
-
accident
287
-
833
-
unemployment
421
-
1 222
-
pensions
2 791
-
5 546
-
total
3 499
-
7 601
-
Corporate
36 839
57 500
-
-
income

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

33 155
51 750
-
-
total
33 155
51 750
-
-
Dividends
3 684
5 750
-
-
withholding
700
1 092
-
-
total
700
1 092
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 607
52 842
27 361
18 081
After tax
13 893
4 658
30 139
39 419
Living cost
10 911
10 911
10 911
10 911
Free-cash
2 982
-6 253
19 228
28 508

Estimated living cost  is ₴10911 per week

₴7942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴622
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.
₴2142
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17677
₴18126
₴12614
₴20498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
57 500
municipal
-
-
-
10 229
health
-
-
-
672
national
-
-
-
6 485
total
-
-
-
17 386
Employee
26 882
-
48 372
-
national
444
-
3 728
-
unemployment
403
-
725
-
health
201
-
531
-
pensions
1 814
-
3 265
-
municipal
4 403
-
7 894
-
total
7 265
-
16 143
-
Employer
26 882
-
48 372
-
health
207
-
372
-
accident
27
-
48
-
unemployment
175
-
314
-
pensions
4 664
-
8 393
-
total
5 073
-
9 127
-
Corporate
25 546
57 500
-
-
income
5 109
11 500
-
-
total
5 109
11 500
-
-
Dividends

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

15 328
34 500
-
-
municipal
2 760
6 210
-
-
national
-
2 048
-
-
total
2 760
8 258
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 207
19 758
25 270
17 386
After tax
37 293
37 742
32 230
40 114
Living cost
19 616
19 616
19 616
19 616
Free-cash
17 677
18 126
12 614
20 498

Estimated living cost  is ₴19616 per week

₴12813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27443
₴30222
₴28030
₴28579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
8 267
income
-
-
-
7 358
health
-
-
-
1 466
total
-
-
-
17 091
Employee
39 289
39 289
52 201
-
social contributions
1 485
3 261
4 332
-
health
304
668
887
-
income
4 278
3 637
7 123
-
total
6 067
7 566
12 342
-
Employer
39 289
39 289
52 201
-
health
331
727
966
-
social contributions
1 485
3 261
4 332
-
total
1 816
3 988
5 298
-
Corporate
37 786
14 223
-
-
income
4 723
1 778
-
-
total
4 723
1 778
-
-
Dividends
33 063
12 445
-
-
withholding
5 621
2 116
-
-
total
5 621
2 116
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 227
15 448
17 640
17 091
After tax
39 273
42 052
39 860
40 409
Living cost
11 830
11 830
11 830
11 830
Free-cash
27 443
30 222
28 030
28 579

Estimated living cost  is ₴11830 per week

₴7090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
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.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36904
₴39504
₴28445
₴38692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
57 500
income
-
-
-
5 582
unemployment
-
-
-
15
pensions
-
-
-
3 250
health
-
-
-
1 849
total
-
-
-
10 696
Employee

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

11 728
-
52 507
-
unemployment
58
-
242
-
health
997
-
4 121
-
pensions
1 759
-
7 272
-
income
802
-
4 315
-
total
3 616
-
15 950
-
Employer

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

11 728
-
52 507
-
health
504
-
2 085
-
unemployment
58
-
242
-
pensions
645
-
2 666
-
total
1 207
-
4 993
-
Corporate
44 565
57 500
-
-
income
4 011
5 175
-
-
total
4 011
5 175
-
-
Dividends
40 554
52 325
-
-
withholding
3 650
4 709
-
-
total
3 650
4 709
-
-
Income
57 500
57 500
57 500
57 500
Total tax
12 484
9 884
20 943
10 696
After tax
45 016
47 616
36 557
46 804
Living cost
8 112
8 112
8 112
8 112
Free-cash
36 904
39 504
28 445
38 692

Estimated living cost  is ₴8112 per week

₴5176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21999
₴24669
₴15841
₴17391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
48
income
-
-
-
11 850
unemployment
-
-
-
332
pensions
-
-
-
13 402
accident
-
-
-
427
total
-
-
-
26 059
Employee
18 893
-
43 601
-
other
18
-
44
-
unemployment
293
-
676
-
pensions
888
-
2 049
-
income
3 642
-
10 940
-
total
4 841
-
13 709
-
Employer
18 893
-
43 601
-
other
151
-
349
-
accident
374
-
863
-
unemployment
1 039
-
2 398
-
pensions
4 458
-
10 290
-
total
6 022
-
13 900
-
Corporate
32 584
57 500
-
-
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.

4 888
8 625
-
-
total
4 888
8 625
-
-
Dividends
27 696
48 875
-
-
withholding
5 700
10 156
-
-
total
5 700
10 156
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 451
18 781
27 609
26 059
After tax
36 049
38 719
29 891
31 441
Living cost
14 050
14 050
14 050
14 050
Free-cash
21 999
24 669
15 841
17 391

Estimated living cost  is ₴14050 per week

₴9484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴2970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34858
₴35002
₴35920
₴35982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
19 536
pensions
-
-
-
640
health
-
-
-
464
total
-
-
-
20 640
Employee
1 337
-
56 780
-
unemployment
13
-
32
-
health
67
-
160
-
pensions
120
-
288
-
income
259
-
19 502
-
total
459
-
19 982
-
Employer
1 337
-
56 780
-
health
127
-
304
-
unemployment
27
-
64
-
pensions
147
-
352
-
total
301
-
720
-
Corporate
55 862
57 500
-
-
income
12 290
12 650
-
-
total
12 290
12 650
-
-
Dividends
43 572
44 850
-
-
withholding
8 714
8 970
-
-
total
8 714
8 970
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 764
21 620
20 702
20 640
After tax
35 736
35 880
36 798
36 860
Living cost
878
878
878
878
Free-cash
34 858
35 002
35 920
35 982

Estimated living cost  is ₴878 per week

₴522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30212
₴32723
₴22384
₴22384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
income
-
-
-
12 046
unemployment
-
-
-
565
pensions
-
-
-
9 801
health
-
-
-
3 883
total
-
-
-
26 295
Employee

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

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

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

13 302
-
50 752
-
unemployment
100
-
283
-
health
685
-
1 941
-
pensions
1 862
-
5 277
-
income
1 834
-
12 046
-
total
4 481
-
19 547
-
Employer

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

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

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

13 302
-
50 752
-
health
685
-
1 941
-
unemployment
100
-
283
-
pensions
1 596
-
4 524
-
total
2 381
-
6 748
-
Corporate
41 817
57 500
-
-
income
6 273
8 625
-
-
total
6 273
8 625
-
-
Dividends
35 545
48 875
-
-
withholding
5 332
7 331
-
-
total
5 332
7 331
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 467
15 956
26 295
26 295
After tax
39 033
41 544
31 205
31 205
Living cost
8 821
8 821
8 821
8 821
Free-cash
30 212
32 723
22 384
22 384

Estimated living cost  is ₴8821 per week

₴5939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
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.
₴1944
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18747
₴18931
₴14746
₴18076
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
surtax
-
-
-
-
social contributions

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

-
-
-
19 981
income
-
-
-
5 668
total
-
-
-
25 649
Employee
19 831
-
46 465
-
social contributions
2 182
-
5 111
-
surtax
-
-
-
-
income
3 875
-
12 833
-
total
6 057
-
17 944
-
Employer
19 831
-
46 465
-
social contributions
4 709
-
11 035
-
total
4 709
-
11 035
-
Corporate
32 960
57 500
-
-
surtax
-
-
-
-
income
6 921
12 075
-
-
total
6 921
12 075
-
-
Dividends
26 039
45 425
-
-
withholding
7 291
12 719
-
-
total
7 291
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 978
24 794
28 979
25 649
After tax
32 522
32 706
28 521
31 851
Living cost
13 775
13 775
13 775
13 775
Free-cash
18 747
18 931
14 746
18 076

Estimated living cost  is ₴13775 per week

₴9756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16874
₴20762
₴11934
₴13484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
48
income
-
-
-
11 850
unemployment
-
-
-
332
pensions
-
-
-
13 402
accident
-
-
-
427
total
-
-
-
26 059
Employee
24 676
-
43 601
-
other
24
-
44
-
unemployment
382
-
676
-
pensions
1 160
-
2 049
-
income
5 154
-
10 940
-
total
6 720
-
13 709
-
Employer
24 676
-
43 601
-
other
198
-
349
-
accident
489
-
863
-
unemployment
1 357
-
2 398
-
pensions
5 823
-
10 290
-
total
7 867
-
13 900
-
Corporate
24 956
57 500
-
-
income

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

3 744
8 625
-
-
total
3 744
8 625
-
-
Dividends
21 213
48 875
-
-
withholding
4 338
10 156
-
-
total
4 338
10 156
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 669
18 781
27 609
26 059
After tax
34 831
38 719
29 891
31 441
Living cost
17 957
17 957
17 957
17 957
Free-cash
16 874
20 762
11 934
13 484

Estimated living cost  is ₴17957 per week

₴12896
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.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37267
₴40379
₴37236
₴35330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
8 625
unemployment
-
-
-
71
pensions

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

-
-
-
2 640
health
-
-
-
2 051
total
-
-
-
13 387
Employee
11 630
-
54 001
-
health
535
-
820
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 021
-
1 566
-
income
1 163
-
5 400
-
total
2 847
-
7 982
-
Employer
11 630
-
54 001
-
health
803
-
1 231
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
unemployment
70
-
107
-
pensions

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

1 282
-
1 965
-
total
2 283
-
3 499
-
Corporate
43 588
57 500
-
-
income
4 359
5 750
-
-
total
4 359
5 750
-
-
Dividends
39 229
51 750
-
-
withholding
1 961
2 588
-
-
total
1 961
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 450
8 338
11 481
13 387
After tax
46 050
49 162
46 019
44 113
Living cost
8 783
8 783
8 783
8 783
Free-cash
37 267
40 379
37 236
35 330

Estimated living cost  is ₴8783 per week

₴5809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16603
₴9920
₴20321
₴15479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
trade
-
-
-
4 842
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.

-
-
-
728
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.

-
-
-
13 234
health

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

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

-
-
-
3 491
total
-
-
-
22 295
Employee

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

25 423
-
57 500
-
health

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

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

3 491
-
3 491
-
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.

115
-
728
-
income

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

2 090
-
13 234
-
total
5 696
-
17 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 077
57 500
-
-
surtax

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

265
474
-
-
trade
4 603
8 251
-
-
chamber of commerce
125
162
-
-
income
4 811
8 625
-
-
total
9 804
17 512
-
-
Dividends
22 274
39 988
-
-
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.

296
539
-
-
withholding
5 375
9 803
-
-
total
5 671
10 342
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 171
27 854
17 453
22 295
After tax
36 329
29 646
40 047
35 205
Living cost
19 726
19 726
19 726
19 726
Free-cash
16 603
9 920
20 321
15 479

Estimated living cost  is ₴19726 per week

₴13608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12273
₴11143
₴8590
₴8590
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
5 249
income
-
-
-
14 555
total
-
-
-
19 804
Employee
39 967
-
57 500
-
income
7 542
-
14 555
-
social contributions
3 320
-
5 249
-
total
10 862
-
19 804
-
Employer
39 967
-
57 500
-
total
-
-
-
-
Corporate
17 533
57 500
-
-
income
2 191
7 188
-
-
total
2 191
7 188
-
-
Dividends
15 342
50 312
-
-
withholding
3 068
10 063
-
-
total
3 068
10 063
-
-
Income
57 500
57 500
57 500
57 500
Total tax
16 121
17 251
19 804
19 804
After tax
41 379
40 249
37 696
37 696
Living cost
29 106
29 106
29 106
29 106
Free-cash
12 273
11 143
8 590
8 590

Estimated living cost  is ₴29106 per week

₴22143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17916
₴16129
₴23782
₴21151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
health

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

-
-
-
3 258
income
-
-
-
14 544
total
-
-
-
17 802
Employee
23 439
-
55 150
-
income
2 543
-
10 471
-
social contributions
2 348
-
2 350
-
total
4 891
-
12 821
-
Employer
23 439
-
55 150
-
social contributions
2 348
-
2 350
-
total
2 348
-
2 350
-
Corporate
31 713
57 500
-
-
income
11 099
20 125
-
-
total
11 099
20 125
-
-
Dividends
20 613
37 375
-
-
social contributions
2 699
2 699
-
-
total
2 699
2 699
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 037
22 824
15 171
17 802
After tax
36 463
34 676
42 329
39 698
Living cost
18 547
18 547
18 547
18 547
Free-cash
17 916
16 129
23 782
21 151

Estimated living cost  is ₴18547 per week

₴12217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1462
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.
₴4583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20769
₴21973
₴16126
₴21340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
12 784
pensions
-
-
-
4 005
total
-
-
-
16 789
Employee
26 589
-
50 548
-
health
347
-
838
-
pensions
2 029
-
4 904
-
income
4 842
-
9 309
-
total
7 218
-
15 051
-
Employer
26 589
-
50 548
-
health
505
-
960
-
pensions
2 686
-
5 992
-
total
3 191
-
6 952
-
Corporate
27 719
57 500
-
-
income

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

5 267
10 925
-
-
total
5 267
10 925
-
-
Dividends
22 452
46 575
-
-
withholding
1 684
5 231
-
-
total
1 684
5 231
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 360
16 156
22 003
16 789
After tax
40 140
41 344
35 497
40 711
Living cost
19 371
19 371
19 371
19 371
Free-cash
20 769
21 973
16 126
21 340

Estimated living cost  is ₴19371 per week

₴13288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
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.
₴4058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2818
-₴7333
₴18148
₴27428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
187
income
-
-
-
14 575
pensions
-
-
-
2 094
accident
-
-
-
127
health
-
-
-
1 098
total
-
-
-
18 081
Employee
18 862
-
49 898
-
health
2 160
-
5 713
-
pensions
2 124
-
3 840
-
income
2 588
-
10 207
-
total
6 872
-
19 760
-
Employer
18 862
-
49 898
-
accident
315
-
833
-
unemployment
462
-
1 222
-
pensions
3 067
-
5 546
-
total
3 844
-
7 601
-
Corporate
34 794
57 500
-
-
income

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

31 314
51 750
-
-
total
31 314
51 750
-
-
Dividends
3 479
5 750
-
-
withholding
661
1 092
-
-
total
661
1 092
-
-
Income
57 500
57 500
57 500
57 500
Total tax
42 691
52 842
27 361
18 081
After tax
14 809
4 658
30 139
39 419
Living cost
11 991
11 991
11 991
11 991
Free-cash
2 818
-7 333
18 148
27 428

Estimated living cost  is ₴11991 per week

₴8800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴699
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.
₴2251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39487
₴41483
₴30372
₴25796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
57 500
work injury
-
-
-
288
health insurance
-
-
-
4 255
income
-
-
-
8 988
unemployment
-
-
-
690
pensions
-
-
-
10 580
total
-
-
-
24 801
Employee

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

11 045
-
57 500
-
health insurance
817
-
3 024
-
unemployment
133
-
490
-
pensions
2 032
-
7 519
-
income
1 105
-
8 988
-
work injury
55
-
204
-
total
4 142
-
20 225
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 455
57 500
-
-
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%.

-
575
-
-
total
-
575
-
-
Dividends
46 455
56 925
-
-
withholding
6 968
8 539
-
-
total
6 968
8 539
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 110
9 114
20 225
24 801
After tax
46 390
48 386
37 275
32 699
Living cost
6 903
6 903
6 903
6 903
Free-cash
39 487
41 483
30 372
25 796

Estimated living cost  is ₴6903 per week

₴4277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴7609
₴9933
₴5473
₴8102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
regional
-
-
-
1 208
social contributions
-
-
-
14 789
municipal
-
-
-
384
national
-
-
-
12 662
total
-
-
-
29 043
Employee
43 055
-
57 500
-
social contributions
14 518
-
19 389
-
national
7 276
-
10 914
-
regional
650
-
1 026
-
municipal
257
-
343
-
total
22 701
-
31 672
-
Employer
43 055
-
57 500
-
total
-
-
-
-
Corporate
14 445
57 500
-
-
municipal
696
2 771
-
-
nationa
3 466
13 800
-
-
total
4 162
16 571
-
-
Dividends
10 282
40 928
-
-
withholding
2 673
10 641
-
-
total
2 673
10 641
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 536
27 212
31 672
29 043
After tax
27 964
30 288
25 828
28 457
Living cost
20 355
20 355
20 355
20 355
Free-cash
7 609
9 933
5 473
8 102

Estimated living cost  is ₴20355 per week

₴14298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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