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
₴14066
₴23854
₴18420
₴19539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
14 487
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.

-
-
-
797
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.

-
-
-
3 379
trade
-
-
-
5 434
total
-
-
-
24 097
Employee

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

18 920
-
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.

29
-
797
-
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.

529
-
14 487
-
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.

3 379
-
3 379
-
total
3 937
-
18 663
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 580
57 500
-
-
income
5 787
8 625
-
-
surtax

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

318
474
-
-
chamber of commerce
130
158
-
-
trade
6 076
9 056
-
-
total
12 311
18 313
-
-
Dividends
26 267
39 187
-
-
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.

351
529
-
-
withholding
6 379
9 609
-
-
total
6 730
10 138
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 978
28 451
18 663
24 097
After tax
34 522
29 049
38 837
33 403
Living cost
14 983
14 983
14 983
14 983
Free-cash
19 539
14 066
23 854
18 420

Estimated living cost  is ₴14983 per week

₴9425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9445
₴8559
₴8107
₴9005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 056
national
-
-
-
9 384
pensions
-
-
-
6 900
total
-
-
-
22 958
Employee
40 979
-
49 708
-
municipal
5 062
-
6 278
-
pensions
1 639
-
1 988
-
national
7 843
-
9 729
-
total
14 544
-
17 995
-
Employer
40 979
-
49 708
-
pensions
3 278
-
3 977
-
social contributions
441
-
534
-
total
3 719
-
4 511
-
Corporate
10 098
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%.

2 020
11 500
-
-
total
2 020
11 500
-
-
Dividends
8 078
46 000
-
-
withholding
1 777
10 120
-
-
total
1 777
10 120
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 060
21 620
22 506
22 958
After tax
35 440
35 880
34 994
34 542
Living cost
26 435
26 435
26 435
26 435
Free-cash
9 005
9 445
8 559
8 107

Estimated living cost  is ₴26435 per week

₴17967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35709
₴22029
₴20313
₴31651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 410
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.

-
-
-
18 486
microenterprise
-
-
-
-
total
-
-
-
26 896
Employee
14 454
-
46 338
-
surtax
-
-
-
-
social contributions

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

1 590
-
5 097
-
income
2 573
-
8 921
-
total
4 163
-
14 018
-
Employer
14 454
-
46 338
-
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.

3 482
-
11 162
-
surtax
-
-
-
-
total
3 482
-
11 162
-
Corporate
39 564
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%.

7 913
11 500
-
-
total
7 913
11 500
-
-
Dividends

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

31 651
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
15 558
11 500
25 180
26 896
After tax
41 942
46 000
32 320
30 604
Living cost
10 291
10 291
10 291
10 291
Free-cash
31 651
35 709
22 029
20 313

Estimated living cost  is ₴10291 per week

₴6565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7305
₴9603
₴12155
₴4274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 727
health
-
-
-
6 100
pensions
-
-
-
5 796
total
-
-
-
24 623
Employee
42 243
42 243
48 931
-
pensions
7 604
5 796
5 796
-
income

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

6 914
6 914
6 914
-
health
6 484
5 515
5 896
-
total
21 002
18 225
18 606
-
Employer
42 243
42 243
48 931
-
health
2 936
2 936
3 401
-
pensions
2 940
2 940
3 406
-
unemployment
1 521
1 521
1 762
-
total
7 397
7 397
8 569
-
Corporate
8 378
7 860
-
-
income
1 676
1 572
-
-
total
1 676
1 572
-
-
Dividends
6 703
6 288
-
-
income
1 424
1 336
-
-
withholding
1 005
943
-
-
total
2 429
2 279
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 504
29 473
27 175
24 623
After tax
24 996
28 027
30 325
32 877
Living cost
20 722
20 722
20 722
20 722
Free-cash
4 274
7 305
9 603
12 155

Estimated living cost  is ₴20722 per week

₴14685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴11160
₴10095
₴10547
₴10706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 153
unemployment
-
-
-
44
health
-
-
-
2 767
municipal
-
-
-
13 315
national
-
-
-
556
pensions
-
-
-
4 794
total
-
-
-
26 718
Employee
28 833
-
43 753
-
municipal
8 598
-
13 047
-
national
-
-
376
-
total
8 598
-
13 423
-
Employer
28 833
-
43 753
-
health
1 773
-
2 691
-
pensions
3 117
-
4 730
-
accident
58
-
87
-
unemployment
761
-
1 155
-
other
3 350
-
5 084
-
total
9 059
-
13 747
-
Corporate
19 607
57 500
-
-
income
4 314
12 650
-
-
total
4 314
12 650
-
-
Dividends
15 294
44 850
-
-
withholding
4 588
13 455
-
-
total
4 588
13 455
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 559
26 105
27 170
26 718
After tax
30 941
31 395
30 330
30 782
Living cost
20 235
20 235
20 235
20 235
Free-cash
10 706
11 160
10 095
10 547

Estimated living cost  is ₴20235 per week

₴13411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1986
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.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9321
₴19404
₴13728
₴16271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
14 487
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.

-
-
-
797
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.

-
-
-
3 379
trade
-
-
-
5 676
total
-
-
-
24 339
Employee

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

25 086
-
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.

118
-
797
-
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.

2 155
-
14 487
-
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.

3 379
-
3 379
-
total
5 652
-
18 663
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 414
57 500
-
-
income
4 863
8 625
-
-
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.

268
474
-
-
chamber of commerce
121
157
-
-
trade
5 332
9 459
-
-
total
10 584
18 715
-
-
Dividends
21 831
38 786
-
-
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.

290
523
-
-
withholding
5 270
9 508
-
-
total
5 560
10 031
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 796
28 746
18 663
24 339
After tax
35 704
28 754
38 837
33 161
Living cost
19 433
19 433
19 433
19 433
Free-cash
16 271
9 321
19 404
13 728

Estimated living cost  is ₴19433 per week

₴12997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25998
₴23694
₴24325
₴23948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 660
social contributions
-
-
-
8 004
health
-
-
-
1 466
total
-
-
-
17 130
Employee
38 038
38 038
52 275
-
social contributions
1 848
3 157
4 258
-
income
3 994
3 521
7 389
-
health
378
647
889
-
total
6 220
7 325
12 536
-
Employer
38 038
38 038
52 275
-
health
412
704
967
-
social contributions
1 848
3 157
4 258
-
total
2 260
3 861
5 225
-
Corporate
32 974
15 601
-
-
income
4 122
1 950
-
-
total
4 122
1 950
-
-
Dividends
28 852
13 652
-
-
withholding
4 905
2 321
-
-
total
4 905
2 321
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 507
15 457
17 761
17 130
After tax
39 993
42 043
39 739
40 370
Living cost
16 045
16 045
16 045
16 045
Free-cash
23 948
25 998
23 694
24 325

Estimated living cost  is ₴16045 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23280
₴24248
₴30749
₴23469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 025
pensions
-
-
-
5 750
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.

13 114
5 219
48 117
-
unemployment
197
78
722
-
pensions
1 311
522
4 812
-
income
1 603
638
5 882
-
health
918
365
3 368
-
total
4 029
1 603
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.

13 114
5 219
48 117
-
pensions
2 557
1 018
9 383
-
total
2 557
1 018
9 383
-
Corporate
41 829
51 263
-
-
income
3 765
4 614
-
-
total
3 765
4 614
-
-
Dividends
38 064
46 649
-
-
social contributions
7 363
9 037
-
-
withholding
7 232
8 863
-
-
total
14 595
17 900
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 946
25 135
24 167
17 666
After tax
32 554
32 365
33 333
39 834
Living cost
9 085
9 085
9 085
9 085
Free-cash
23 469
23 280
24 248
30 749

Estimated living cost  is ₴9085 per week

₴6200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34052
₴21195
₴18873
₴30978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 475
pensions
-
-
-
11 499
total
-
-
-
26 679
Employee
14 033
-
42 975
-
unemployment
224
-
687
-
pensions
281
-
860
-
income
1 580
-
8 285
-
total
2 085
-
9 832
-
Employer
14 033
-
42 975
-
health
1 824
-
5 586
-
pensions
2 807
-
8 595
-
unemployment
113
-
344
-
total
4 744
-
14 525
-
Corporate
38 724
57 500
-
-
income
7 745
11 500
-
-
total
7 745
11 500
-
-
Dividends
30 979
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 574
11 500
24 357
26 679
After tax
42 926
46 000
33 143
30 821
Living cost
11 948
11 948
11 948
11 948
Free-cash
30 978
34 052
21 195
18 873

Estimated living cost  is ₴11948 per week

₴8195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6382
₴19109
₴28379
₴2965
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
127
income
-
-
-
14 587
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
18 082
Employee
17 365
-
49 915
-
pensions
1 955
-
3 828
-
income
2 382
-
10 224
-
health
1 988
-
5 715
-
total
6 325
-
19 767
-
Employer
17 365
-
49 915
-
pensions
2 824
-
5 528
-
accident
290
-
834
-
unemployment
425
-
1 223
-
total
3 539
-
7 585
-
Corporate
36 597
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.

32 937
51 750
-
-
total
32 937
51 750
-
-
Dividends
3 660
5 750
-
-
withholding
695
1 093
-
-
total
695
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 496
52 843
27 352
18 082
After tax
14 004
4 657
30 148
39 418
Living cost
11 039
11 039
11 039
11 039
Free-cash
2 965
-6 382
19 109
28 379

Estimated living cost  is ₴11039 per week

₴8090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50574
₴41949
₴52874
₴49814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 064
-
57 500
-
income
1 013
-
11 500
-
total
1 013
-
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%.

52 436
57 500
-
-
total
-
-
-
-
Dividends
52 436
57 500
-
-
withholding
2 622
2 875
-
-
total
2 622
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
3 635
2 875
11 500
575
After tax
53 865
54 625
46 000
56 925
Living cost
4 051
4 051
4 051
4 051
Free-cash
49 814
50 574
41 949
52 874

Estimated living cost  is ₴4051 per week

₴2511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29065
₴20121
₴17741
₴25722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 516
other
-
-
-
2 732
health
-
-
-
2 530
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.

-
-
-
13 800
total
-
-
-
26 578
Employee
17 961
-
45 926
-
unemployment
179
-
459
-
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.

1 257
-
3 215
-
income
3 092
-
8 309
-
health
252
-
643
-
total
4 780
-
12 626
-
Employer
17 961
-
45 926
-
health
252
-
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.

3 054
-
7 807
-
accident
144
-
367
-
unemployment
179
-
459
-
other
898
-
2 296
-
total
4 527
-
11 572
-
Corporate
35 013
57 500
-
-
income
7 353
12 075
-
-
total
7 353
12 075
-
-
Dividends
27 659
45 425
-
-
withholding
1 937
3 179
-
-
total
1 937
3 179
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 597
15 254
24 198
26 578
After tax
38 903
42 246
33 302
30 922
Living cost
13 181
13 181
13 181
13 181
Free-cash
25 722
29 065
20 121
17 741

Estimated living cost  is ₴13181 per week

₴9313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴8029
₴2222
₴7584
₴3671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 395
pensions
-
-
-
3 826
total
-
-
-
17 221
Employee
46 259
-
50 494
-
pensions
4 463
-
4 915
-
income
8 339
-
9 820
-
health
762
-
843
-
total
13 564
-
15 578
-
Employer
46 259
-
50 494
-
health
879
-
959
-
pensions
5 462
-
6 046
-
total
6 341
-
7 005
-
Corporate
4 901
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.

931
10 925
-
-
total
931
10 925
-
-
Dividends
3 970
46 575
-
-
withholding
298
5 851
-
-
total
298
5 851
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 134
16 776
22 583
17 221
After tax
36 366
40 724
34 917
40 279
Living cost
32 695
32 695
32 695
32 695
Free-cash
3 671
8 029
2 222
7 584

Estimated living cost  is ₴32695 per week

₴24499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3841
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.
₴4089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴42681
₴39720
₴37783
₴40387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 556
total
-
-
-
13 236
Employee
8 582
-
54 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
5 411
-
health
395
-
794
-
total
2 101
-
7 911
-
Employer
8 582
-
54 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
47 234
57 500
-
-
income
4 723
5 750
-
-
total
4 723
5 750
-
-
Dividends
42 510
51 750
-
-
withholding
2 125
2 588
-
-
total
2 125
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
10 632
8 338
11 299
13 236
After tax
46 868
49 162
46 201
44 264
Living cost
6 481
6 481
6 481
6 481
Free-cash
40 387
42 681
39 720
37 783

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴597
₴2895
₴5447
₴1840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 727
health
-
-
-
6 100
pensions
-
-
-
5 796
total
-
-
-
24 623
Employee
45 862
42 243
48 931
-
pensions
5 796
5 796
5 796
-
income

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

6 914
6 914
6 914
-
health
5 722
5 515
5 896
-
total
18 432
18 225
18 606
-
Employer
45 862
42 243
48 931
-
health
3 187
2 936
3 401
-
pensions
3 192
2 940
3 406
-
unemployment
1 651
1 521
1 762
-
total
8 030
7 397
8 569
-
Corporate
3 608
7 860
-
-
income
722
1 572
-
-
total
722
1 572
-
-
Dividends
2 886
6 288
-
-
income
613
1 336
-
-
withholding
433
943
-
-
total
1 046
2 279
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 230
29 473
27 175
24 623
After tax
29 270
28 027
30 325
32 877
Living cost
27 430
27 430
27 430
27 430
Free-cash
1 840
597
2 895
5 447

Estimated living cost  is ₴27430 per week

₴20234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27286
₴16876
₴15703
₴22897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 942
social contributions
-
-
-
16 790
solidarity contribution
-
-
-
-
health
-
-
-
7 762
total
-
-
-
29 494
Employee
18 092
-
42 910
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
2 789
-
income
2 171
-
5 149
-
health
2 442
-
5 793
-
total
5 789
-
13 731
-
Employer
18 092
-
42 910
-
health
1 628
-
3 862
-
social contributions
4 523
-
10 728
-
total
6 151
-
14 590
-
Corporate
33 256
57 500
-
-
income
6 319
10 925
-
-
total
6 319
10 925
-
-
Dividends
26 938
46 575
-
-
withholding
4 041
6 986
-
-
total
4 041
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 300
17 911
28 321
29 494
After tax
35 200
39 589
29 179
28 006
Living cost
12 303
12 303
12 303
12 303
Free-cash
22 897
27 286
16 876
15 703

Estimated living cost  is ₴12303 per week

₴8546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9806
₴5336
₴8071
₴7223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 789
regional
-
-
-
649
municipal
-
-
-
342
national
-
-
-
12 776
total
-
-
-
28 556
Employee
43 963
-
57 500
-
municipal
233
-
305
-
national
7 618
-
11 027
-
regional
415
-
570
-
social contributions
14 824
-
19 389
-
total
23 090
-
31 291
-
Employer
43 963
-
57 500
-
total
-
-
-
-
Corporate
13 537
57 500
-
-
municipal
528
2 243
-
-
nationa
3 249
13 800
-
-
total
3 777
16 043
-
-
Dividends
9 760
41 457
-
-
withholding
2 537
10 778
-
-
total
2 537
10 778
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 404
26 821
31 291
28 556
After tax
28 096
30 679
26 209
28 944
Living cost
20 873
20 873
20 873
20 873
Free-cash
7 223
9 806
5 336
8 071

Estimated living cost  is ₴20873 per week

₴14550
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25252
₴16514
₴17458
₴23711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 866
other
-
-
-
-
surtax
-
-
-
1 564
unemployment
-
-
-
113
health
-
-
-
4 083
pensions
-
-
-
11 500
total
-
-
-
29 126
Employee
16 358
-
47 501
-
other
-
-
-
-
unemployment
1 139
-
3 306
-
pensions
1 091
-
3 168
-
surtax
54
-
1 415
-
income
2 742
-
10 970
-
health
418
-
1 211
-
total
5 444
-
20 070
-
Employer
16 358
-
47 501
-
health
744
-
2 162
-
pensions
2 181
-
6 332
-
unemployment
518
-
1 506
-
other
-
-
-
-
total
3 443
-
10 000
-
Corporate
37 698
57 500
-
-
income
9 801
14 950
-
-
total
9 801
14 950
-
-
Dividends
27 897
42 550
-
-
withholding
4 185
6 382
-
-
total
4 185
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 873
21 332
30 070
29 126
After tax
34 627
36 168
27 430
28 374
Living cost
10 916
10 916
10 916
10 916
Free-cash
23 711
25 252
16 514
17 458

Estimated living cost  is ₴10916 per week

₴6674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18388
₴12581
₴17943
₴16899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 395
pensions
-
-
-
3 826
total
-
-
-
17 221
Employee
31 001
-
50 494
-
pensions
2 631
-
4 915
-
income
5 583
-
9 820
-
health
450
-
843
-
total
8 664
-
15 578
-
Employer
31 001
-
50 494
-
health
589
-
959
-
pensions
3 356
-
6 046
-
total
3 945
-
7 005
-
Corporate
22 554
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.

4 285
10 925
-
-
total
4 285
10 925
-
-
Dividends
18 269
46 575
-
-
withholding
1 371
5 851
-
-
total
1 371
5 851
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 265
16 776
22 583
17 221
After tax
39 235
40 724
34 917
40 279
Living cost
22 336
22 336
22 336
22 336
Free-cash
16 899
18 388
12 581
17 943

Estimated living cost  is ₴22336 per week

₴16734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13059
₴5520
₴8376
₴3779
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 137
health
-
-
-
129
city
-
-
-
606
national
-
-
-
460
pensions
-
-
-
5 289
total
-
-
-
9 771
Employee
46 054
-
51 466
-
unemployment
-
-
-
-
pensions
3 869
-
4 323
-
national
218
-
343
-
regional
1 508
-
1 824
-
city
494
-
553
-
health
104
-
116
-
total
6 193
-
7 159
-
Employer
46 054
-
51 466
-
health
104
-
116
-
pensions
3 869
-
4 323
-
unemployment
-
-
-
-
other

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

921
-
1 029
-
total
4 894
-
5 468
-
Corporate
6 046
57 500
-
-
regional
1 279
12 161
-
-
national
513
4 888
-
-
total
1 792
17 049
-
-
Dividends
4 254
40 451
-
-
withholding
1 489
14 157
-
-
total
1 489
14 157
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 368
31 206
12 627
9 771
After tax
43 132
26 294
44 873
47 729
Living cost
39 353
39 353
39 353
39 353
Free-cash
3 779
-13 059
5 520
8 376

Estimated living cost  is ₴39353 per week

₴25591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5798
₴16176
₴10259
₴13819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
14 487
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.

-
-
-
797
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.

-
-
-
3 379
trade
-
-
-
5 917
total
-
-
-
24 580
Employee

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

29 729
-
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.

192
-
797
-
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.

3 496
-
14 487
-
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.

3 379
-
3 379
-
total
7 067
-
18 663
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 771
57 500
-
-
income
4 166
8 625
-
-
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.

229
474
-
-
chamber of commerce
115
156
-
-
trade
4 763
9 861
-
-
total
9 273
19 116
-
-
Dividends
18 499
38 384
-
-
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.

244
517
-
-
withholding
4 436
9 408
-
-
total
4 680
9 925
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 020
29 041
18 663
24 580
After tax
36 480
28 459
38 837
32 920
Living cost
22 661
22 661
22 661
22 661
Free-cash
13 819
5 798
16 176
10 259

Estimated living cost  is ₴22661 per week

₴16551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12056
₴17959
₴15958
₴14978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 612
other
-
-
-
1 783
surtax
-
-
-
-
social contributions
-
-
-
1 638
health
-
-
-
1 507
pensions
-
-
-
13 078
total
-
-
-
24 618
Employee
21 171
-
46 141
-
pensions
2 394
-
2 498
-
surtax
-
-
-
-
social contributions
604
-
1 314
-
income
1 249
-
7 446
-
total
4 247
-
11 258
-
Employer
21 171
-
46 141
-
health
1 482
-
3 428
-
pensions
3 478
-
4 332
-
unemployment
857
-
1 869
-
social contributions
64
-
138
-
other
730
-
1 592
-
total
6 611
-
11 359
-
Corporate
29 717
57 500
-
-
income
8 321
16 100
-
-
surtax
-
-
-
-
total
8 321
16 100
-
-
Dividends
21 397
41 400
-
-
surtax
-
-
-
-
social contributions
3 680
7 121
-
-
withholding
2 739
5 299
-
-
total
6 419
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 598
28 520
22 617
24 618
After tax
31 902
28 980
34 883
32 882
Living cost
16 924
16 924
16 924
16 924
Free-cash
14 978
12 056
17 959
15 958

Estimated living cost  is ₴16924 per week

₴10671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13733
₴19636
₴17635
₴16484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 612
other
-
-
-
1 783
surtax
-
-
-
-
social contributions
-
-
-
1 638
health
-
-
-
1 507
pensions
-
-
-
13 078
total
-
-
-
24 618
Employee
18 898
-
46 141
-
pensions
2 137
-
2 498
-
surtax
-
-
-
-
social contributions
539
-
1 314
-
income
974
-
7 446
-
total
3 650
-
11 258
-
Employer
18 898
-
46 141
-
health
1 323
-
3 428
-
pensions
3 105
-
4 332
-
unemployment
765
-
1 869
-
social contributions
56
-
138
-
other
652
-
1 592
-
total
5 901
-
11 359
-
Corporate
32 700
57 500
-
-
income
9 156
16 100
-
-
surtax
-
-
-
-
total
9 156
16 100
-
-
Dividends
23 544
41 400
-
-
surtax
-
-
-
-
social contributions
4 049
7 121
-
-
withholding
3 013
5 299
-
-
total
7 062
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 769
28 520
22 617
24 618
After tax
31 731
28 980
34 883
32 882
Living cost
15 247
15 247
15 247
15 247
Free-cash
16 484
13 733
19 636
17 635

Estimated living cost  is ₴15247 per week

₴8843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1549
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.
₴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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴24591
₴26123
₴26438
₴24848
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
7 935
health
-
-
-
4 013
total
-
-
-
20 573
Employee
16 772
-
57 500
-
social contributions
2 315
-
7 935
-
income
2 797
-
8 940
-
health
1 171
-
4 013
-
total
6 283
-
20 888
-
Employer
16 772
-
57 500
-
total
-
-
-
-
Corporate
40 728
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%.

2 036
2 875
-
-
total
2 036
2 875
-
-
Dividends
38 692
54 625
-
-
social contributions
5 339
7 538
-
-
withholding
5 804
8 194
-
-
health
2 701
3 813
-
-
total
13 844
19 545
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 163
22 420
20 888
20 573
After tax
35 337
35 080
36 612
36 927
Living cost
10 489
10 489
10 489
10 489
Free-cash
24 848
24 591
26 123
26 438

Estimated living cost  is ₴10489 per week

₴7020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
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.
₴2581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14670
-₴1018
₴11025
₴13901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 646
surtax
-
-
-
98
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
230
health
-
-
-
4 399
pensions
-
-
-
10 638
total
-
-
-
29 045
Employee
24 721
19 713
44 573
-
other
247
197
446
-
unemployment
742
591
1 337
-
pensions
2 532
2 018
4 564
-
income
2 814
1 454
9 416
-
health
957
763
1 725
-
total
7 292
5 023
17 488
-
Employer
24 721
19 713
44 573
-
chamber of commerce
99
79
178
-
health
934
745
1 685
-
pensions
3 102
2 474
5 594
-
accident
321
256
579
-
unemployment
742
591
1 337
-
surtax
98
98
98
-
payroll
742
591
1 337
-
other
1 174
936
2 118
-
total
7 212
5 770
12 926
-
Corporate
25 567
32 015
42 697
-
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.

6 392
8 004
10 674
-
total
6 392
8 004
10 674
-
Dividends
19 176
24 012
-
-
withholding
5 273
6 603
-
-
total
5 273
6 603
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 169
25 400
41 088
29 045
After tax
31 331
32 100
16 412
28 455
Living cost
17 430
17 430
17 430
17 430
Free-cash
13 901
14 670
-1 018
11 025

Estimated living cost  is ₴17430 per week

₴11625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
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.
₴4032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14183
₴3863
₴8068
₴6764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
2 896
social contributions
-
-
-
9 228
national
-
-
-
19 272
total
-
-
-
31 396
Employee

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

35 384
-
44 536
-
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.

308
-
388
-
communal

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

1 846
-
2 323
-
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.

2 654
-
3 340
-
national
10 878
-
14 494
-
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.

1 662
-
2 093
-
total
17 348
-
22 638
-
Employer

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

35 384
-
44 536
-
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.

2 176
-
2 739
-
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.

3 135
-
3 945
-
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.

460
-
578
-
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.

516
-
651
-
surtax
4 012
-
5 050
-
total
10 299
-
12 963
-
Corporate
11 816
57 500
-
-
income
2 364
11 500
-
-
surtax
47
230
-
-
total
2 411
11 730
-
-
Dividends
9 406
45 770
-
-
withholding

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

2 642
13 551
-
-
total
2 642
13 551
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 700
25 281
35 601
31 396
After tax
24 800
32 219
21 899
26 104
Living cost
18 036
18 036
18 036
18 036
Free-cash
6 764
14 183
3 863
8 068

Estimated living cost  is ₴18036 per week

₴11618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20820
₴11894
₴13730
₴16919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
413
income
-
-
-
12 150
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
25 905
Employee
24 623
-
43 599
-
other
24
-
43
-
unemployment
382
-
676
-
pensions
1 157
-
2 049
-
income
5 195
-
11 073
-
total
6 758
-
13 841
-
Employer
24 623
-
43 599
-
pensions
5 811
-
10 289
-
accident
487
-
864
-
unemployment
1 355
-
2 398
-
other
196
-
349
-
total
7 849
-
13 900
-
Corporate
25 028
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.

3 754
8 625
-
-
total
3 754
8 625
-
-
Dividends
21 274
48 875
-
-
withholding
4 355
10 190
-
-
total
4 355
10 190
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 716
18 815
27 741
25 905
After tax
34 784
38 685
29 759
31 595
Living cost
17 865
17 865
17 865
17 865
Free-cash
16 919
20 820
11 894
13 730

Estimated living cost  is ₴17865 per week

₴13155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8000
₴7156
₴4832
₴4245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
3 634
accident
-
-
-
484
income
-
-
-
6 160
surtax
-
-
-
2 851
health
-
-
-
4 039
pensions
-
-
-
8 618
total
-
-
-
25 786
Employee
37 461
-
51 363
-
pensions
2 996
-
4 109
-
surtax
2 296
-
3 148
-
income
3 618
-
7 781
-
health
1 667
-
2 286
-
total
10 577
-
17 324
-
Employer
37 461
-
51 363
-
health
1 142
-
1 567
-
pensions
2 996
-
4 109
-
accident
337
-
462
-
total
4 475
-
6 138
-
Corporate
15 563
57 500
-
-
communal
-
3 882
-
-
income
2 335
8 625
-
-
surtax
163
604
-
-
total
2 498
13 111
-
-
Dividends
13 065
44 390
-
-
income
6 863
2 849
-
-
withholding
1 960
6 658
-
-
total
8 823
9 507
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 373
22 618
23 462
25 786
After tax
31 127
34 882
34 038
31 714
Living cost
26 882
26 882
26 882
26 882
Free-cash
4 245
8 000
7 156
4 832

Estimated living cost  is ₴26882 per week

₴20166
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.
₴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.
₴4803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25057
₴16319
₴17263
₴23484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 866
other
-
-
-
-
surtax
-
-
-
1 564
unemployment
-
-
-
113
health
-
-
-
4 083
pensions
-
-
-
11 500
total
-
-
-
29 126
Employee
16 659
-
47 501
-
other
-
-
-
-
unemployment
1 159
-
3 306
-
pensions
1 111
-
3 168
-
surtax
59
-
1 415
-
income
2 793
-
10 970
-
health
425
-
1 211
-
total
5 547
-
20 070
-
Employer
16 659
-
47 501
-
health
758
-
2 162
-
pensions
2 221
-
6 332
-
unemployment
529
-
1 506
-
other
-
-
-
-
total
3 508
-
10 000
-
Corporate
37 334
57 500
-
-
income
9 706
14 950
-
-
total
9 706
14 950
-
-
Dividends
27 628
42 550
-
-
withholding
4 144
6 382
-
-
total
4 144
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 905
21 332
30 070
29 126
After tax
34 595
36 168
27 430
28 374
Living cost
11 111
11 111
11 111
11 111
Free-cash
23 484
25 057
16 319
17 263

Estimated living cost  is ₴11111 per week

₴6708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16899
₴12680
₴15401
₴15800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 789
regional
-
-
-
867
municipal
-
-
-
342
national
-
-
-
12 776
total
-
-
-
28 774
Employee
27 440
-
57 500
-
municipal
146
-
305
-
national
4 347
-
11 027
-
regional
369
-
774
-
social contributions
9 253
-
19 389
-
total
14 115
-
31 495
-
Employer
27 440
-
57 500
-
total
-
-
-
-
Corporate
30 060
57 500
-
-
municipal
1 494
2 857
-
-
nationa
7 214
13 800
-
-
total
8 708
16 657
-
-
Dividends
21 352
40 842
-
-
withholding
5 552
10 619
-
-
total
5 552
10 619
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 375
27 276
31 495
28 774
After tax
29 125
30 224
26 005
28 726
Living cost
13 325
13 325
13 325
13 325
Free-cash
15 800
16 899
12 680
15 401

Estimated living cost  is ₴13325 per week

₴8287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24429
₴14019
₴12846
₴19021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 942
social contributions
-
-
-
16 790
solidarity contribution
-
-
-
-
health
-
-
-
7 762
total
-
-
-
29 494
Employee
22 294
-
42 910
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
2 789
-
income
2 675
-
5 149
-
health
3 010
-
5 793
-
total
7 134
-
13 731
-
Employer
22 294
-
42 910
-
health
2 006
-
3 862
-
social contributions
5 574
-
10 728
-
total
7 580
-
14 590
-
Corporate
27 625
57 500
-
-
income
5 249
10 925
-
-
total
5 249
10 925
-
-
Dividends
22 377
46 575
-
-
withholding
3 356
6 986
-
-
total
3 356
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
23 319
17 911
28 321
29 494
After tax
34 181
39 589
29 179
28 006
Living cost
15 160
15 160
15 160
15 160
Free-cash
19 021
24 429
14 019
12 846

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
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.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16371
₴644
₴12771
₴16124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 646
surtax
-
-
-
-
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
230
health
-
-
-
4 399
pensions
-
-
-
10 638
total
-
-
-
28 947
Employee
21 623
19 713
44 651
-
other
216
197
447
-
unemployment
649
591
1 340
-
pensions
2 214
2 018
4 573
-
income
1 926
1 454
9 443
-
health
836
763
1 728
-
total
5 841
5 023
17 531
-
Employer
21 623
19 713
44 651
-
chamber of commerce
86
79
178
-
health
818
745
1 688
-
pensions
2 714
2 474
5 603
-
accident
281
256
580
-
unemployment
649
591
1 340
-
surtax
-
-
-
-
payroll
649
591
1 340
-
other
1 027
936
2 121
-
total
6 224
5 672
12 850
-
Corporate
29 654
32 113
42 773
-
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.

7 413
8 028
10 693
-
total
7 413
8 028
10 693
-
Dividends
22 241
24 085
-
-
withholding
6 116
6 624
-
-
total
6 116
6 624
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 594
25 347
41 074
28 947
After tax
31 906
32 153
16 426
28 553
Living cost
15 782
15 782
15 782
15 782
Free-cash
16 124
16 371
644
12 771

Estimated living cost  is ₴15782 per week

₴9467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48312
₴39687
₴50612
₴47128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 891
-
57 500
-
income
1 578
-
11 500
-
total
1 578
-
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%.

49 609
57 500
-
-
total
-
-
-
-
Dividends
49 609
57 500
-
-
withholding
2 481
2 875
-
-
total
2 481
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
4 059
2 875
11 500
575
After tax
53 441
54 625
46 000
56 925
Living cost
6 313
6 313
6 313
6 313
Free-cash
47 128
48 312
39 687
50 612

Estimated living cost  is ₴6313 per week

₴4272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26321
₴14480
₴16129
₴22184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 858
unemployment
-
-
-
86
health
-
-
-
5 658
pensions
-
-
-
10 501
total
-
-
-
28 103
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.

21 874
-
49 753
-
unemployment
31
-
69
-
pensions
3 391
-
7 712
-
income
3 772
-
11 009
-
health
1 413
-
3 214
-
total
8 607
-
22 004
-
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.

21 874
-
49 753
-
health
1 457
-
3 314
-
pensions
1 936
-
4 404
-
unemployment
13
-
30
-
total
3 406
-
7 748
-
Corporate
32 220
57 500
-
-
income
6 121
10 925
-
-
total
6 121
10 925
-
-
Dividends
26 098
46 575
-
-
withholding
3 914
6 986
-
-
total
3 914
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 048
17 911
29 752
28 103
After tax
35 452
39 589
27 748
29 397
Living cost
13 268
13 268
13 268
13 268
Free-cash
22 184
26 321
14 480
16 129

Estimated living cost  is ₴13268 per week

₴9106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13588
₴29582
₴18342
-₴16433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 208
social contributions
-
-
-
6 555
total
-
-
-
17 763
Employee
30 677
-
-
-
social contributions
2 516
-
358
-
income
6 767
-
-
-
total
9 283
-
358
-
Employer
30 677
-
-
-
social contributions
43 255
-
6 165
-
total
43 255
-
6 165
-
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
52 538
22 517
6 523
17 763
After tax
4 962
34 983
50 977
39 737
Living cost
21 395
21 395
21 395
21 395
Free-cash
-16 433
13 588
29 582
18 342

Estimated living cost  is ₴21395 per week

₴13882
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17190
₴12820
₴16257
₴16692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 746
surtax
-
-
-
-
social contributions

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

-
-
-
19 981
total
-
-
-
25 727
Employee
22 751
-
46 464
-
surtax
-
-
-
-
social contributions
2 503
-
5 111
-
income
4 732
-
13 017
-
total
7 235
-
18 128
-
Employer
22 751
-
46 464
-
social contributions
5 403
-
11 036
-
total
5 403
-
11 036
-
Corporate
29 346
57 500
-
-
income
6 163
12 075
-
-
surtax
-
-
-
-
total
6 163
12 075
-
-
Dividends
23 183
45 425
-
-
withholding
6 491
12 719
-
-
total
6 491
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 292
24 794
29 164
25 727
After tax
32 208
32 706
28 336
31 773
Living cost
15 516
15 516
15 516
15 516
Free-cash
16 692
17 190
12 820
16 257

Estimated living cost  is ₴15516 per week

₴11609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5088
₴10991
₴8990
₴8490
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 612
other
-
-
-
1 783
surtax
-
-
-
-
social contributions
-
-
-
1 638
health
-
-
-
1 507
pensions
-
-
-
13 078
total
-
-
-
24 618
Employee
30 982
-
46 141
-
pensions
3 504
-
2 498
-
surtax
-
-
-
-
social contributions
882
-
1 314
-
income
2 703
-
7 446
-
total
7 089
-
11 258
-
Employer
30 982
-
46 141
-
health
2 168
-
3 428
-
pensions
5 091
-
4 332
-
unemployment
1 255
-
1 869
-
social contributions
93
-
138
-
other
1 069
-
1 592
-
total
9 676
-
11 359
-
Corporate
16 842
57 500
-
-
income
4 715
16 100
-
-
surtax
-
-
-
-
total
4 715
16 100
-
-
Dividends
12 126
41 400
-
-
surtax
-
-
-
-
social contributions
2 086
7 121
-
-
withholding
1 552
5 299
-
-
total
3 638
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 118
28 520
22 617
24 618
After tax
32 382
28 980
34 883
32 882
Living cost
23 892
23 892
23 892
23 892
Free-cash
8 490
5 088
10 991
8 990

Estimated living cost  is ₴23892 per week

₴16170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36880
₴30027
₴28500
₴35217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 481
social contributions
-
-
-
12 649
total
-
-
-
14 130
Employee
15 903
-
49 784
-
income
-
-
1 651
-
social contributions
1 034
-
3 236
-
total
1 034
-
4 887
-
Employer
15 903
-
49 784
-
social contributions
2 465
-
7 716
-
total
2 465
-
7 716
-
Corporate
39 132
57 500
-
-
income
3 914
5 750
-
-
total
3 914
5 750
-
-
Dividends
35 218
51 750
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
7 413
5 750
12 603
14 130
After tax
50 087
51 750
44 897
43 370
Living cost
14 870
14 870
14 870
14 870
Free-cash
35 217
36 880
30 027
28 500

Estimated living cost  is ₴14870 per week

₴9614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴50106
-₴50106
₴11396
-₴50106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 566
municipal
-
-
-
11 102
national
-
-
-
6 222
pensions
-
-
-
428
total
-
-
-
22 318
Employee
100 393
100 393
100 393
-
municipal
21 378
21 378
21 378
-
labour market
8 020
8 020
8 020
-
pensions
143
143
143
-
national
12 265
12 265
12 265
-
total
41 806
41 806
41 806
-
Employer
100 393
100 393
100 393
-
national
12 286
12 286
12 286
-
labour market
8 031
8 031
8 031
-
pensions
285
285
285
-
municipal
21 412
21 412
21 412
-
total
42 014
42 014
42 014
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
83 820
83 820
83 820
22 318
After tax
-26 320
-26 320
-26 320
35 182
Living cost
23 786
23 786
23 786
23 786
Free-cash
-50 106
-50 106
-50 106
11 396

Estimated living cost  is ₴23786 per week

₴16279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6219
₴19272
₴28542
₴2989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
127
income
-
-
-
14 587
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
18 082
Employee
17 109
-
49 915
-
pensions
1 927
-
3 828
-
income
2 347
-
10 224
-
health
1 959
-
5 715
-
total
6 233
-
19 767
-
Employer
17 109
-
49 915
-
pensions
2 782
-
5 528
-
accident
286
-
834
-
unemployment
419
-
1 223
-
total
3 487
-
7 585
-
Corporate
36 905
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.

33 214
51 750
-
-
total
33 214
51 750
-
-
Dividends
3 691
5 750
-
-
withholding
701
1 093
-
-
total
701
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 635
52 843
27 352
18 082
After tax
13 865
4 657
30 148
39 418
Living cost
10 876
10 876
10 876
10 876
Free-cash
2 989
-6 219
19 272
28 542

Estimated living cost  is ₴10876 per week

₴7916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18626
₴13054
₴20940
₴18382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
679
municipal
-
-
-
10 227
national
-
-
-
6 662
total
-
-
-
17 568
Employee
26 026
-
48 372
-
municipal
4 263
-
7 892
-
unemployment
391
-
726
-
pensions
1 756
-
3 265
-
national
430
-
3 904
-
health
194
-
539
-
total
7 034
-
16 326
-
Employer
26 026
-
48 372
-
health
200
-
373
-
pensions
4 515
-
8 392
-
accident
26
-
49
-
unemployment
169
-
314
-
total
4 910
-
9 128
-
Corporate
26 564
57 500
-
-
income
5 313
11 500
-
-
total
5 313
11 500
-
-
Dividends

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

15 938
34 500
-
-
municipal
2 869
6 210
-
-
national
-
2 172
-
-
total
2 869
8 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 126
19 882
25 454
17 568
After tax
37 374
37 618
32 046
39 932
Living cost
18 992
18 992
18 992
18 992
Free-cash
18 382
18 626
13 054
20 940

Estimated living cost  is ₴18992 per week

₴12405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30590
₴28286
₴28917
₴27898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 660
social contributions
-
-
-
8 004
health
-
-
-
1 466
total
-
-
-
17 130
Employee
38 038
38 038
52 275
-
social contributions
1 438
3 157
4 258
-
income
4 142
3 521
7 389
-
health
295
647
889
-
total
5 875
7 325
12 536
-
Employer
38 038
38 038
52 275
-
health
320
704
967
-
social contributions
1 438
3 157
4 258
-
total
1 758
3 861
5 225
-
Corporate
38 414
15 601
-
-
income
4 802
1 950
-
-
total
4 802
1 950
-
-
Dividends
33 613
13 652
-
-
withholding
5 714
2 321
-
-
total
5 714
2 321
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 149
15 457
17 761
17 130
After tax
39 351
42 043
39 739
40 370
Living cost
11 453
11 453
11 453
11 453
Free-cash
27 898
30 590
28 286
28 917

Estimated living cost  is ₴11453 per week

₴6864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
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.
₴3212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39761
₴29167
₴39090
₴37246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 605
unemployment
-
-
-
14
health
-
-
-
1 790
pensions
-
-
-
3 147
total
-
-
-
10 556
Employee

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

11 354
-
52 666
-
unemployment
56
-
235
-
pensions
1 703
-
7 040
-
income
776
-
4 379
-
health
965
-
3 990
-
total
3 500
-
15 644
-
Employer

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

11 354
-
52 666
-
health
488
-
2 018
-
pensions
624
-
2 582
-
unemployment
56
-
235
-
total
1 168
-
4 835
-
Corporate
44 977
57 500
-
-
income
4 048
5 175
-
-
total
4 048
5 175
-
-
Dividends
40 929
52 325
-
-
withholding
3 684
4 710
-
-
total
3 684
4 710
-
-
Income
57 500
57 500
57 500
57 500
Total tax
12 400
9 885
20 479
10 556
After tax
45 100
47 615
37 021
46 944
Living cost
7 854
7 854
7 854
7 854
Free-cash
37 246
39 761
29 167
39 090

Estimated living cost  is ₴7854 per week

₴5011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25082
₴16156
₴17992
₴22529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
413
income
-
-
-
12 150
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
25 905
Employee
18 291
-
43 599
-
other
18
-
43
-
unemployment
283
-
676
-
pensions
860
-
2 049
-
income
3 526
-
11 073
-
total
4 687
-
13 841
-
Employer
18 291
-
43 599
-
pensions
4 316
-
10 289
-
accident
362
-
864
-
unemployment
1 006
-
2 398
-
other
146
-
349
-
total
5 830
-
13 900
-
Corporate
33 378
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.

5 006
8 625
-
-
total
5 006
8 625
-
-
Dividends
28 372
48 875
-
-
withholding
5 845
10 190
-
-
total
5 845
10 190
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 368
18 815
27 741
25 905
After tax
36 132
38 685
29 759
31 595
Living cost
13 603
13 603
13 603
13 603
Free-cash
22 529
25 082
16 156
17 992

Estimated living cost  is ₴13603 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34919
₴35781
₴35850
₴34762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 480
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
20 689
Employee
1 464
-
56 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
19 443
-
health
73
-
175
-
total
503
-
19 969
-
Employer
1 464
-
56 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
55 706
57 500
-
-
income
12 255
12 650
-
-
total
12 255
12 650
-
-
Dividends
43 451
44 850
-
-
withholding
8 690
8 970
-
-
total
8 690
8 970
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 777
21 620
20 758
20 689
After tax
35 723
35 880
36 742
36 811
Living cost
961
961
961
961
Free-cash
34 762
34 919
35 781
35 850

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32993
₴22843
₴22843
₴30560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 293
unemployment
-
-
-
548
health
-
-
-
3 764
pensions
-
-
-
9 501
total
-
-
-
26 106
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.

12 894
-
50 959
-
unemployment
97
-
274
-
pensions
1 805
-
5 116
-
income
1 777
-
12 293
-
health
664
-
1 882
-
total
4 343
-
19 565
-
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.

12 894
-
50 959
-
health
664
-
1 882
-
pensions
1 547
-
4 385
-
unemployment
97
-
274
-
total
2 308
-
6 541
-
Corporate
42 298
57 500
-
-
income
6 345
8 625
-
-
total
6 345
8 625
-
-
Dividends
35 953
48 875
-
-
withholding
5 393
7 331
-
-
total
5 393
7 331
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 389
15 956
26 106
26 106
After tax
39 111
41 544
31 394
31 394
Living cost
8 551
8 551
8 551
8 551
Free-cash
30 560
32 993
22 843
22 843

Estimated living cost  is ₴8551 per week

₴5757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19370
₴15000
₴18437
₴19192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 746
surtax
-
-
-
-
social contributions

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

-
-
-
19 981
total
-
-
-
25 727
Employee
19 199
-
46 464
-
surtax
-
-
-
-
social contributions
2 112
-
5 111
-
income
3 751
-
13 017
-
total
5 863
-
18 128
-
Employer
19 199
-
46 464
-
social contributions
4 559
-
11 036
-
total
4 559
-
11 036
-
Corporate
33 741
57 500
-
-
income
7 086
12 075
-
-
surtax
-
-
-
-
total
7 086
12 075
-
-
Dividends
26 656
45 425
-
-
withholding
7 464
12 719
-
-
total
7 464
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 972
24 794
29 164
25 727
After tax
32 528
32 706
28 336
31 773
Living cost
13 336
13 336
13 336
13 336
Free-cash
19 192
19 370
15 000
18 437

Estimated living cost  is ₴13336 per week

₴9445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
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.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21300
₴12374
₴14210
₴17566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
413
income
-
-
-
12 150
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
25 905
Employee
23 890
-
43 599
-
other
23
-
43
-
unemployment
370
-
676
-
pensions
1 123
-
2 049
-
income
4 990
-
11 073
-
total
6 506
-
13 841
-
Employer
23 890
-
43 599
-
pensions
5 638
-
10 289
-
accident
473
-
864
-
unemployment
1 314
-
2 398
-
other
192
-
349
-
total
7 617
-
13 900
-
Corporate
25 993
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.

3 899
8 625
-
-
total
3 899
8 625
-
-
Dividends
22 094
48 875
-
-
withholding
4 527
10 190
-
-
total
4 527
10 190
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 549
18 815
27 741
25 905
After tax
34 951
38 685
29 759
31 595
Living cost
17 385
17 385
17 385
17 385
Free-cash
17 566
21 300
12 374
14 210

Estimated living cost  is ₴17385 per week

₴12485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40658
₴37697
₴35760
₴37645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 556
total
-
-
-
13 236
Employee
11 260
-
54 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
5 411
-
health
518
-
794
-
total
2 757
-
7 911
-
Employer
11 260
-
54 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
44 031
57 500
-
-
income
4 403
5 750
-
-
total
4 403
5 750
-
-
Dividends
39 628
51 750
-
-
withholding
1 981
2 588
-
-
total
1 981
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 351
8 338
11 299
13 236
After tax
46 149
49 162
46 201
44 264
Living cost
8 504
8 504
8 504
8 504
Free-cash
37 645
40 658
37 697
35 760

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10542
₴19739
₴14788
₴17014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
14 487
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.

-
-
-
797
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.

-
-
-
3 379
trade
-
-
-
4 951
total
-
-
-
23 614
Employee

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

24 613
-
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.

112
-
797
-
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.

2 024
-
14 487
-
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.

3 379
-
3 379
-
total
5 515
-
18 663
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 887
57 500
-
-
income
4 933
8 625
-
-
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.

271
474
-
-
chamber of commerce
123
160
-
-
trade
4 719
8 251
-
-
total
10 046
17 510
-
-
Dividends
22 841
39 990
-
-
surtax

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

304
540
-
-
withholding
5 523
9 810
-
-
total
5 827
10 350
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 388
27 860
18 663
23 614
After tax
36 112
29 640
38 837
33 886
Living cost
19 098
19 098
19 098
19 098
Free-cash
17 014
10 542
19 739
14 788

Estimated living cost  is ₴19098 per week

₴13174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12071
₴9215
₴9215
₴13163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 823
social contributions
-
-
-
5 283
total
-
-
-
20 106
Employee
38 694
-
57 500
-
income
7 301
-
14 823
-
social contributions
3 215
-
5 283
-
total
10 516
-
20 106
-
Employer
38 694
-
57 500
-
total
-
-
-
-
Corporate
18 806
57 500
-
-
income
2 351
7 188
-
-
total
2 351
7 188
-
-
Dividends
16 455
50 312
-
-
withholding
3 291
10 062
-
-
total
3 291
10 062
-
-
Income
57 500
57 500
57 500
57 500
Total tax
16 158
17 250
20 106
20 106
After tax
41 342
40 250
37 394
37 394
Living cost
28 179
28 179
28 179
28 179
Free-cash
13 163
12 071
9 215
9 215

Estimated living cost  is ₴28179 per week

₴21438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16805
₴24399
₴22434
₴18533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 081
health

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

-
-
-
3 028
total
-
-
-
17 109
Employee
22 692
-
55 225
-
income
2 462
-
10 594
-
social contributions
2 274
-
2 275
-
total
4 736
-
12 869
-
Employer
22 692
-
55 225
-
social contributions
2 274
-
2 275
-
total
2 274
-
2 275
-
Corporate
32 534
57 500
-
-
income
11 387
20 125
-
-
total
11 387
20 125
-
-
Dividends
21 147
37 375
-
-
social contributions
2 613
2 613
-
-
total
2 613
2 613
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 010
22 738
15 144
17 109
After tax
36 490
34 762
42 356
40 391
Living cost
17 957
17 957
17 957
17 957
Free-cash
18 533
16 805
24 399
22 434

Estimated living cost  is ₴17957 per week

₴11828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22565
₴16758
₴22120
₴22165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 395
pensions
-
-
-
3 826
total
-
-
-
17 221
Employee
24 925
-
50 494
-
pensions
1 902
-
4 915
-
income
4 539
-
9 820
-
health
325
-
843
-
total
6 766
-
15 578
-
Employer
24 925
-
50 494
-
health
474
-
959
-
pensions
2 518
-
6 046
-
total
2 992
-
7 005
-
Corporate
29 583
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.

5 621
10 925
-
-
total
5 621
10 925
-
-
Dividends
23 961
46 575
-
-
withholding
1 797
5 851
-
-
total
1 797
5 851
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 176
16 776
22 583
17 221
After tax
40 324
40 724
34 917
40 279
Living cost
18 159
18 159
18 159
18 159
Free-cash
22 165
22 565
16 758
22 120

Estimated living cost  is ₴18159 per week

₴12457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7296
₴18195
₴27465
₴2824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
127
income
-
-
-
14 587
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
18 082
Employee
18 802
-
49 915
-
pensions
2 117
-
3 828
-
income
2 579
-
10 224
-
health
2 153
-
5 715
-
total
6 849
-
19 767
-
Employer
18 802
-
49 915
-
pensions
3 057
-
5 528
-
accident
314
-
834
-
unemployment
461
-
1 223
-
total
3 832
-
7 585
-
Corporate
34 866
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.

31 380
51 750
-
-
total
31 380
51 750
-
-
Dividends
3 487
5 750
-
-
withholding
662
1 093
-
-
total
662
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
42 723
52 843
27 352
18 082
After tax
14 777
4 657
30 148
39 418
Living cost
11 953
11 953
11 953
11 953
Free-cash
2 824
-7 296
18 195
27 465

Estimated living cost  is ₴11953 per week

₴8772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
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.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41716
₴30938
₴25983
₴39406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 034
unemployment
-
-
-
690
work injury
-
-
-
288
health insurance
-
-
-
4 255
pensions
-
-
-
10 580
total
-
-
-
24 847
Employee

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

10 672
-
57 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
9 034
-
total
4 002
-
19 892
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 828
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%.

468
575
-
-
total
468
575
-
-
Dividends
46 360
56 925
-
-
withholding
6 954
8 539
-
-
total
6 954
8 539
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 424
9 114
19 892
24 847
After tax
46 076
48 386
37 608
32 653
Living cost
6 670
6 670
6 670
6 670
Free-cash
39 406
41 716
30 938
25 983

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10582
₴5994
₴8622
₴8331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 789
regional
-
-
-
1 223
municipal
-
-
-
384
national
-
-
-
12 776
total
-
-
-
29 172
Employee
41 684
-
57 500
-
municipal
249
-
343
-
national
7 044
-
11 027
-
regional
629
-
1 041
-
social contributions
14 056
-
19 389
-
total
21 978
-
31 800
-
Employer
41 684
-
57 500
-
total
-
-
-
-
Corporate
15 816
57 500
-
-
municipal
762
2 771
-
-
nationa
3 796
13 800
-
-
total
4 558
16 571
-
-
Dividends
11 258
40 929
-
-
withholding
2 927
10 641
-
-
total
2 927
10 641
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 463
27 212
31 800
29 172
After tax
28 037
30 288
25 700
28 328
Living cost
19 706
19 706
19 706
19 706
Free-cash
8 331
10 582
5 994
8 622

Estimated living cost  is ₴19706 per week

₴13842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
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.
₴4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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