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
₴19546
₴23862
₴14080
₴18425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 376
trade
-
-
-
5 437
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.

-
-
-
14 497
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
total
-
-
-
24 107
Employee

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

18 901
-
57 500
-
health

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

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

3 376
-
3 376
-
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.

528
-
14 497
-
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
-
total
3 933
-
18 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 599
57 500
-
-
income
5 790
8 625
-
-
chamber of commerce
130
158
-
-
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.

319
475
-
-
trade
6 080
9 056
-
-
total
12 319
18 314
-
-
Dividends
26 280
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
6 383
9 609
-
-
total
6 734
10 138
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 986
28 452
18 670
24 107
After tax
34 514
29 048
38 830
33 393
Living cost
14 968
14 968
14 968
14 968
Free-cash
19 546
14 080
23 862
18 425

Estimated living cost  is ₴14968 per week

₴9415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9996
₴9472
₴10419
₴9020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 080
pensions
-
-
-
6 900
national
-
-
-
9 421
total
-
-
-
23 019
Employee
39 469
-
49 708
-
pensions
1 579
-
1 988
-
municipal
4 875
-
6 302
-
national
7 554
-
9 766
-
total
14 008
-
18 056
-
Employer
39 469
-
49 708
-
pensions
3 157
-
3 977
-
social contributions
424
-
534
-
total
3 581
-
4 511
-
Corporate
11 845
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%.

2 369
11 500
-
-
total
2 369
11 500
-
-
Dividends
9 476
46 000
-
-
withholding
2 085
10 120
-
-
total
2 085
10 120
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 043
21 620
22 567
23 019
After tax
35 457
35 880
34 933
34 481
Living cost
25 461
25 461
25 461
25 461
Free-cash
9 996
10 419
9 472
9 020

Estimated living cost  is ₴25461 per week

₴17305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31665
₴22037
₴35719
₴20322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
18 487
income
-
-
-
8 410
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
26 897
Employee
14 440
-
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.

1 589
-
5 097
-
income
2 570
-
8 923
-
surtax
-
-
-
-
total
4 159
-
14 020
-
Employer
14 440
-
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.

3 478
-
11 162
-
total
3 478
-
11 162
-
Corporate
39 582
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%.

7 917
11 500
-
-
total
7 917
11 500
-
-
Dividends

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

31 665
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
15 554
11 500
25 182
26 897
After tax
41 946
46 000
32 318
30 603
Living cost
10 281
10 281
10 281
10 281
Free-cash
31 665
35 719
22 037
20 322

Estimated living cost  is ₴10281 per week

₴6559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴979
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.
₴2510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4299
₴9640
₴7326
₴12177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 094
income
-
-
-
12 737
pensions
-
-
-
5 790
total
-
-
-
24 621
Employee
42 200
42 200
48 932
-
pensions
7 596
5 790
5 790
-
health
6 477
5 509
5 893
-
income

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

6 908
6 908
6 908
-
total
20 981
18 207
18 591
-
Employer
42 200
42 200
48 932
-
pensions
2 937
2 937
3 406
-
health
2 933
2 933
3 400
-
unemployment
1 519
1 519
1 761
-
total
7 389
7 389
8 567
-
Corporate
8 427
7 910
-
-
income
1 685
1 582
-
-
total
1 685
1 582
-
-
Dividends
6 742
6 328
-
-
income
1 433
1 345
-
-
withholding
1 011
949
-
-
total
2 444
2 294
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 499
29 472
27 158
24 621
After tax
25 001
28 028
30 342
32 879
Living cost
20 702
20 702
20 702
20 702
Free-cash
4 299
7 326
9 640
12 177

Estimated living cost  is ₴20702 per week

₴14671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
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.
₴3836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10660
₴10069
₴11116
₴10506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 773
municipal
-
-
-
13 307
pensions
-
-
-
4 805
other
-
-
-
5 165
unemployment
-
-
-
44
national
-
-
-
532
total
-
-
-
26 715
Employee
28 896
-
43 753
-
municipal
8 617
-
13 047
-
national
-
-
358
-
total
8 617
-
13 405
-
Employer
28 896
-
43 753
-
pensions
3 124
-
4 730
-
other
3 358
-
5 084
-
health
1 777
-
2 691
-
unemployment
763
-
1 155
-
accident
58
-
87
-
total
9 080
-
13 747
-
Corporate
19 525
57 500
-
-
income
4 295
12 650
-
-
total
4 295
12 650
-
-
Dividends
15 229
44 850
-
-
withholding
4 569
13 455
-
-
total
4 569
13 455
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 561
26 105
27 152
26 715
After tax
30 939
31 395
30 348
30 785
Living cost
20 279
20 279
20 279
20 279
Free-cash
10 660
11 116
10 069
10 506

Estimated living cost  is ₴20279 per week

₴13440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4541
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16286
₴19417
₴9340
₴13738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 376
trade
-
-
-
5 679
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.

-
-
-
14 497
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
total
-
-
-
24 349
Employee

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

25 061
-
57 500
-
health

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

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

3 376
-
3 376
-
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.

2 153
-
14 497
-
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
-
total
5 647
-
18 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 439
57 500
-
-
income
4 866
8 625
-
-
chamber of commerce
121
157
-
-
surtax

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

267
475
-
-
trade
5 336
9 459
-
-
total
10 590
18 716
-
-
Dividends
21 849
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
5 274
9 508
-
-
total
5 564
10 031
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 801
28 747
18 670
24 349
After tax
35 699
28 753
38 830
33 151
Living cost
19 413
19 413
19 413
19 413
Free-cash
16 286
9 340
19 417
13 738

Estimated living cost  is ₴19413 per week

₴12984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2047
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.
₴4093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23965
₴23710
₴26014
₴24340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
7 996
health
-
-
-
1 467
income
-
-
-
7 668
total
-
-
-
17 131
Employee
38 000
38 000
52 279
-
health
378
646
889
-
social contributions
1 847
3 154
4 254
-
income
3 990
3 518
7 398
-
total
6 215
7 318
12 541
-
Employer
38 000
38 000
52 279
-
health
412
703
967
-
social contributions
1 847
3 154
4 254
-
total
2 259
3 857
5 221
-
Corporate
32 999
15 643
-
-
income
4 124
1 955
-
-
total
4 124
1 955
-
-
Dividends
28 874
13 688
-
-
withholding
4 908
2 327
-
-
total
4 908
2 327
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 506
15 457
17 762
17 131
After tax
39 994
42 043
39 738
40 369
Living cost
16 028
16 028
16 028
16 028
Free-cash
23 965
26 014
23 710
24 340

Estimated living cost  is ₴16028 per week

₴10957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1252
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.
₴3550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23357
₴24130
₴23165
₴30631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 025
income
-
-
-
7 029
pensions
-
-
-
5 750
unemployment
-
-
-
862
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.

13 285
5 287
48 117
-
unemployment
199
79
722
-
pensions
1 328
529
4 812
-
health
930
370
3 368
-
income
1 624
646
5 882
-
total
4 081
1 624
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.

13 285
5 287
48 117
-
pensions
2 590
1 031
9 383
-
total
2 590
1 031
9 383
-
Corporate
41 625
51 182
-
-
income
3 746
4 606
-
-
total
3 746
4 606
-
-
Dividends
37 879
46 576
-
-
social contributions
7 326
9 022
-
-
withholding
7 197
8 849
-
-
total
14 523
17 871
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 940
25 132
24 167
17 666
After tax
32 560
32 368
33 333
39 834
Living cost
9 203
9 203
9 203
9 203
Free-cash
23 357
23 165
24 130
30 631

Estimated living cost  is ₴9203 per week

₴6280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30994
₴21207
₴34064
₴18884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 475
income
-
-
-
7 705
pensions
-
-
-
11 500
total
-
-
-
26 680
Employee
14 019
-
42 975
-
unemployment
224
-
687
-
pensions
280
-
860
-
income
1 578
-
8 285
-
total
2 082
-
9 832
-
Employer
14 019
-
42 975
-
pensions
2 804
-
8 595
-
health
1 822
-
5 586
-
unemployment
113
-
344
-
total
4 739
-
14 525
-
Corporate
38 742
57 500
-
-
income
7 749
11 500
-
-
total
7 749
11 500
-
-
Dividends
30 994
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 570
11 500
24 357
26 680
After tax
42 930
46 000
33 143
30 820
Living cost
11 936
11 936
11 936
11 936
Free-cash
30 994
34 064
21 207
18 884

Estimated living cost  is ₴11936 per week

₴8187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
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.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴2957
₴19046
-₴6432
₴28331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 099
income
-
-
-
14 570
pensions
-
-
-
2 097
other
-
-
-
187
total
-
-
-
18 080
Employee
17 443
-
49 892
-
pensions
1 964
-
3 845
-
health
1 997
-
5 712
-
income
2 393
-
10 200
-
total
6 354
-
19 757
-
Employer
17 443
-
49 892
-
pensions
2 836
-
5 553
-
unemployment
427
-
1 222
-
accident
291
-
833
-
total
3 554
-
7 608
-
Corporate
36 502
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.

32 852
51 750
-
-
total
32 852
51 750
-
-
Dividends
3 650
5 750
-
-
withholding
694
1 093
-
-
total
694
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 454
52 843
27 365
18 080
After tax
14 046
4 657
30 135
39 420
Living cost
11 089
11 089
11 089
11 089
Free-cash
2 957
-6 432
19 046
28 331

Estimated living cost  is ₴11089 per week

₴8127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49789
₴41927
₴50552
₴52852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 090
-
57 500
-
income
1 018
-
11 500
-
total
1 018
-
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%.

52 410
57 500
-
-
total
-
-
-
-
Dividends
52 410
57 500
-
-
withholding
2 620
2 875
-
-
total
2 620
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
3 638
2 875
11 500
575
After tax
53 862
54 625
46 000
56 925
Living cost
4 073
4 073
4 073
4 073
Free-cash
49 789
50 552
41 927
52 852

Estimated living cost  is ₴4073 per week

₴2524
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25742
₴20128
₴29077
₴17753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 530
income
-
-
-
7 518
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
other
-
-
-
2 731
total
-
-
-
26 579
Employee
17 943
-
45 927
-
unemployment
179
-
460
-
pensions

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

1 256
-
3 215
-
health
251
-
643
-
income
3 089
-
8 312
-
total
4 775
-
12 630
-
Employer
17 943
-
45 927
-
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.

3 051
-
7 807
-
other
897
-
2 296
-
health
251
-
643
-
unemployment
179
-
460
-
accident
143
-
368
-
total
4 521
-
11 574
-
Corporate
35 035
57 500
-
-
income
7 357
12 075
-
-
total
7 357
12 075
-
-
Dividends
27 678
45 425
-
-
withholding
1 937
3 180
-
-
total
1 937
3 180
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 590
15 255
24 204
26 579
After tax
38 910
42 245
33 296
30 921
Living cost
13 168
13 168
13 168
13 168
Free-cash
25 742
29 077
20 128
17 753

Estimated living cost  is ₴13168 per week

₴9304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
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.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4053
₴2479
₴8255
₴7838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 483
pensions
-
-
-
3 800
total
-
-
-
17 283
Employee
45 812
-
50 486
-
pensions
4 420
-
4 877
-
health
755
-
840
-
income
8 258
-
9 911
-
total
13 433
-
15 628
-
Employer
45 812
-
50 486
-
pensions
5 409
-
6 054
-
health
870
-
960
-
total
6 279
-
7 014
-
Corporate
5 409
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.

1 028
10 925
-
-
total
1 028
10 925
-
-
Dividends
4 381
46 575
-
-
withholding
328
5 941
-
-
total
328
5 941
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 068
16 866
22 642
17 283
After tax
36 432
40 634
34 858
40 217
Living cost
32 379
32 379
32 379
32 379
Free-cash
4 053
8 255
2 479
7 838

Estimated living cost  is ₴32379 per week

₴24262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40383
₴39718
₴42680
₴37782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 986
income
-
-
-
8 625
pensions

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

-
-
-
2 556
unemployment
-
-
-
69
total
-
-
-
13 236
Employee
8 584
-
54 112
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 516
-
health
395
-
794
-
income
858
-
5 411
-
total
2 102
-
7 911
-
Employer
8 584
-
54 112
-
pensions

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

946
-
1 903
-
health
592
-
1 192
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
total
1 684
-
3 389
-
Corporate
47 232
57 500
-
-
income
4 723
5 750
-
-
total
4 723
5 750
-
-
Dividends
42 509
51 750
-
-
withholding
2 126
2 588
-
-
total
2 126
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
10 635
8 338
11 300
13 236
After tax
46 865
49 162
46 200
44 264
Living cost
6 482
6 482
6 482
6 482
Free-cash
40 383
42 680
39 718
37 782

Estimated living cost  is ₴6482 per week

₴3785
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
₴1866
₴2939
₴625
₴5476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 094
income
-
-
-
12 737
pensions
-
-
-
5 790
total
-
-
-
24 621
Employee
45 816
42 200
48 932
-
pensions
5 790
5 790
5 790
-
health
5 716
5 509
5 893
-
income

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

6 908
6 908
6 908
-
total
18 414
18 207
18 591
-
Employer
45 816
42 200
48 932
-
pensions
3 188
2 937
3 406
-
health
3 184
2 933
3 400
-
unemployment
1 650
1 519
1 761
-
total
8 022
7 389
8 567
-
Corporate
3 662
7 910
-
-
income
732
1 582
-
-
total
732
1 582
-
-
Dividends
2 930
6 328
-
-
income
623
1 345
-
-
withholding
440
949
-
-
total
1 063
2 294
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 231
29 472
27 158
24 621
After tax
29 269
28 028
30 342
32 879
Living cost
27 403
27 403
27 403
27 403
Free-cash
1 866
625
2 939
5 476

Estimated living cost  is ₴27403 per week

₴20214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2448
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.
₴4427
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22824
₴16822
₴27232
₴15648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
16 790
health
-
-
-
7 763
income
-
-
-
4 942
solidarity contribution
-
-
-
-
total
-
-
-
29 495
Employee
18 172
-
42 910
-
solidarity contribution
-
-
-
-
health
2 453
-
5 793
-
social contributions
1 181
-
2 789
-
income
2 181
-
5 149
-
total
5 815
-
13 731
-
Employer
18 172
-
42 910
-
health
1 635
-
3 862
-
social contributions
4 543
-
10 728
-
total
6 178
-
14 590
-
Corporate
33 149
57 500
-
-
income
6 298
10 925
-
-
total
6 298
10 925
-
-
Dividends
26 851
46 575
-
-
withholding
4 028
6 986
-
-
total
4 028
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 319
17 911
28 321
29 495
After tax
35 181
39 589
29 179
28 005
Living cost
12 357
12 357
12 357
12 357
Free-cash
22 824
27 232
16 822
15 648

Estimated living cost  is ₴12357 per week

₴8583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7245
₴5354
₴9827
₴8090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
341
regional
-
-
-
649
national
-
-
-
12 779
total
-
-
-
28 558
Employee
43 919
-
57 500
-
regional
414
-
569
-
municipal
233
-
305
-
national
7 610
-
11 031
-
social contributions
14 810
-
19 389
-
total
23 067
-
31 294
-
Employer
43 919
-
57 500
-
total
-
-
-
-
Corporate
13 581
57 500
-
-
municipal
530
2 242
-
-
nationa
3 260
13 800
-
-
total
3 790
16 042
-
-
Dividends
9 791
41 458
-
-
withholding
2 546
10 779
-
-
total
2 546
10 779
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 403
26 821
31 294
28 558
After tax
28 097
30 679
26 206
28 942
Living cost
20 852
20 852
20 852
20 852
Free-cash
7 245
9 827
5 354
8 090

Estimated living cost  is ₴20852 per week

₴14536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
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.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23725
₴16516
₴25262
₴17462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 083
income
-
-
-
11 872
surtax
-
-
-
1 565
pensions
-
-
-
11 500
other
-
-
-
-
unemployment
-
-
-
113
total
-
-
-
29 133
Employee
16 342
-
47 500
-
unemployment
1 138
-
3 306
-
pensions
1 090
-
3 168
-
health
417
-
1 212
-
income
2 739
-
10 977
-
other
-
-
-
-
surtax
53
-
1 416
-
total
5 437
-
20 079
-
Employer
16 342
-
47 500
-
pensions
2 178
-
6 332
-
other
-
-
-
-
health
744
-
2 162
-
unemployment
518
-
1 506
-
total
3 440
-
10 000
-
Corporate
37 718
57 500
-
-
income
9 806
14 950
-
-
total
9 806
14 950
-
-
Dividends
27 912
42 550
-
-
withholding
4 187
6 383
-
-
total
4 187
6 383
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 870
21 333
30 079
29 133
After tax
34 630
36 167
27 421
28 367
Living cost
10 905
10 905
10 905
10 905
Free-cash
23 725
25 262
16 516
17 462

Estimated living cost  is ₴10905 per week

₴6668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1006
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17152
₴12737
₴18513
₴18096
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 483
pensions
-
-
-
3 800
total
-
-
-
17 283
Employee
30 702
-
50 486
-
pensions
2 606
-
4 877
-
health
446
-
840
-
income
5 530
-
9 911
-
total
8 582
-
15 628
-
Employer
30 702
-
50 486
-
pensions
3 323
-
6 054
-
health
583
-
960
-
total
3 906
-
7 014
-
Corporate
22 892
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.

4 349
10 925
-
-
total
4 349
10 925
-
-
Dividends
18 542
46 575
-
-
withholding
1 390
5 941
-
-
total
1 390
5 941
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 227
16 866
22 642
17 283
After tax
39 273
40 634
34 858
40 217
Living cost
22 121
22 121
22 121
22 121
Free-cash
17 152
18 513
12 737
18 096

Estimated living cost  is ₴22121 per week

₴16573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3654
₴5318
-₴13276
₴8171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
129
pensions
-
-
-
5 290
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
-
-
-
2 129
city
-
-
-
606
national
-
-
-
455
total
-
-
-
9 759
Employee
46 307
-
51 466
-
unemployment
-
-
-
-
pensions
3 890
-
4 322
-
regional
1 516
-
1 816
-
national
219
-
337
-
health
105
-
116
-
city
497
-
553
-
total
6 227
-
7 144
-
Employer
46 307
-
51 466
-
pensions
3 890
-
4 322
-
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.

926
-
1 030
-
health
105
-
116
-
unemployment
-
-
-
-
total
4 921
-
5 468
-
Corporate
5 763
57 500
-
-
regional
1 219
12 161
-
-
national
490
4 887
-
-
total
1 709
17 048
-
-
Dividends
4 055
40 452
-
-
withholding
1 419
14 158
-
-
total
1 419
14 158
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 276
31 206
12 612
9 759
After tax
43 224
26 294
44 888
47 741
Living cost
39 570
39 570
39 570
39 570
Free-cash
3 654
-13 276
5 318
8 171

Estimated living cost  is ₴39570 per week

₴25732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13833
₴16192
₴5819
₴10271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 376
trade
-
-
-
5 921
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.

-
-
-
14 497
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
total
-
-
-
24 591
Employee

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

29 699
-
57 500
-
health

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

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

3 376
-
3 376
-
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.

3 492
-
14 497
-
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
-
total
7 060
-
18 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 801
57 500
-
-
income
4 170
8 625
-
-
chamber of commerce
114
156
-
-
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.

230
475
-
-
trade
4 768
9 861
-
-
total
9 282
19 117
-
-
Dividends
18 519
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.

245
518
-
-
withholding
4 442
9 408
-
-
total
4 687
9 926
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 029
29 043
18 670
24 591
After tax
36 471
28 457
38 830
32 909
Living cost
22 638
22 638
22 638
22 638
Free-cash
13 833
5 819
16 192
10 271

Estimated living cost  is ₴22638 per week

₴16534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14992
₴17968
₴12073
₴15974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 638
health
-
-
-
1 509
income
-
-
-
6 620
surtax
-
-
-
-
pensions
-
-
-
13 069
other
-
-
-
1 783
total
-
-
-
24 619
Employee
21 150
-
46 136
-
pensions
2 391
-
2 499
-
social contributions
603
-
1 315
-
income
1 248
-
7 449
-
surtax
-
-
-
-
total
4 242
-
11 263
-
Employer
21 150
-
46 136
-
pensions
3 475
-
4 334
-
other
730
-
1 591
-
health
1 481
-
3 430
-
unemployment
856
-
1 868
-
social contributions
64
-
139
-
total
6 606
-
11 362
-
Corporate
29 745
57 500
-
-
income
8 328
16 100
-
-
surtax
-
-
-
-
total
8 328
16 100
-
-
Dividends
21 417
41 400
-
-
surtax
-
-
-
-
social contributions
3 684
7 121
-
-
withholding
2 741
5 299
-
-
total
6 425
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 601
28 520
22 625
24 619
After tax
31 899
28 980
34 875
32 881
Living cost
16 907
16 907
16 907
16 907
Free-cash
14 992
12 073
17 968
15 974

Estimated living cost  is ₴16907 per week

₴10661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
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.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16496
₴19643
₴13748
₴17649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 638
health
-
-
-
1 509
income
-
-
-
6 620
surtax
-
-
-
-
pensions
-
-
-
13 069
other
-
-
-
1 783
total
-
-
-
24 619
Employee
18 879
-
46 136
-
pensions
2 135
-
2 499
-
social contributions
538
-
1 315
-
income
973
-
7 449
-
surtax
-
-
-
-
total
3 646
-
11 263
-
Employer
18 879
-
46 136
-
pensions
3 102
-
4 334
-
other
652
-
1 591
-
health
1 321
-
3 430
-
unemployment
764
-
1 868
-
social contributions
56
-
139
-
total
5 895
-
11 362
-
Corporate
32 725
57 500
-
-
income
9 163
16 100
-
-
surtax
-
-
-
-
total
9 163
16 100
-
-
Dividends
23 562
41 400
-
-
surtax
-
-
-
-
social contributions
4 052
7 121
-
-
withholding
3 016
5 299
-
-
total
7 068
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 772
28 520
22 625
24 619
After tax
31 728
28 980
34 875
32 881
Living cost
15 232
15 232
15 232
15 232
Free-cash
16 496
13 748
19 643
17 649

Estimated living cost  is ₴15232 per week

₴8834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1547
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.
₴4562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24857
₴26129
₴24602
₴26447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
7 935
health
-
-
-
4 014
income
-
-
-
8 625
total
-
-
-
20 574
Employee
16 755
-
57 500
-
health
1 169
-
4 014
-
social contributions
2 313
-
7 935
-
income
2 795
-
8 943
-
total
6 277
-
20 892
-
Employer
16 755
-
57 500
-
total
-
-
-
-
Corporate
40 745
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%.

2 037
2 875
-
-
total
2 037
2 875
-
-
Dividends
38 708
54 625
-
-
health
2 702
3 813
-
-
social contributions
5 342
7 538
-
-
withholding
5 806
8 193
-
-
total
13 850
19 544
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 164
22 419
20 892
20 574
After tax
35 336
35 081
36 608
36 926
Living cost
10 479
10 479
10 479
10 479
Free-cash
24 857
24 602
26 129
26 447

Estimated living cost  is ₴10479 per week

₴7013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴646
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.
₴2578
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13920
-₴1009
₴14681
₴11039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 399
surtax
-
-
-
98
income
-
-
-
10 653
chamber of commerce
-
-
-
230
pensions
-
-
-
10 637
unemployment
-
-
-
3 031
total
-
-
-
29 048
Employee
24 697
19 694
44 574
-
unemployment
741
591
1 337
-
pensions
2 529
2 016
4 564
-
health
956
762
1 725
-
income
2 811
1 453
9 423
-
other
247
197
445
-
total
7 284
5 019
17 494
-
Employer
24 697
19 694
44 574
-
chamber of commerce
98
79
178
-
pensions
3 099
2 472
5 594
-
other
1 173
935
2 118
-
health
933
745
1 685
-
unemployment
741
591
1 337
-
accident
321
256
580
-
surtax
98
98
98
-
payroll
741
591
1 337
-
total
7 204
5 767
12 927
-
Corporate
25 599
32 041
42 698
-
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.

6 399
8 011
10 675
-
total
6 399
8 011
10 675
-
Dividends
19 200
24 030
-
-
withholding
5 280
6 609
-
-
total
5 280
6 609
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 167
25 406
41 096
29 048
After tax
31 333
32 094
16 404
28 452
Living cost
17 413
17 413
17 413
17 413
Free-cash
13 920
14 681
-1 009
11 039

Estimated living cost  is ₴17413 per week

₴11614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1485
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.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6787
₴3876
₴14201
₴8080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
9 227
communal

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

-
-
-
2 897
national
-
-
-
19 278
total
-
-
-
31 402
Employee

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

35 349
-
44 535
-
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
-
387
-
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.

2 651
-
3 340
-
national
10 868
-
14 498
-
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.

1 661
-
2 093
-
communal

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

1 844
-
2 323
-
total
17 332
-
22 641
-
Employer

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

35 349
-
44 535
-
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.

3 132
-
3 946
-
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.

2 174
-
2 739
-
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
-
650
-
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
-
579
-
surtax
4 008
-
5 051
-
total
10 290
-
12 965
-
Corporate
11 862
57 500
-
-
income
2 373
11 500
-
-
surtax
48
230
-
-
total
2 421
11 730
-
-
Dividends
9 442
45 770
-
-
withholding

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

2 652
13 551
-
-
total
2 652
13 551
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 695
25 281
35 606
31 402
After tax
24 805
32 219
21 894
26 098
Living cost
18 018
18 018
18 018
18 018
Free-cash
6 787
14 201
3 876
8 080

Estimated living cost  is ₴18018 per week

₴11606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
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.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16940
₴11908
₴20837
₴13751
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 160
pensions
-
-
-
12 962
other
-
-
-
46
unemployment
-
-
-
321
total
-
-
-
25 902
Employee
24 599
-
43 600
-
unemployment
382
-
676
-
pensions
1 156
-
2 049
-
income
5 190
-
11 077
-
other
24
-
43
-
total
6 752
-
13 845
-
Employer
24 599
-
43 600
-
pensions
5 805
-
10 289
-
other
196
-
349
-
unemployment
1 353
-
2 398
-
accident
487
-
864
-
total
7 841
-
13 900
-
Corporate
25 060
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.

3 759
8 625
-
-
total
3 759
8 625
-
-
Dividends
21 302
48 875
-
-
withholding
4 361
10 191
-
-
total
4 361
10 191
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 713
18 816
27 745
25 902
After tax
34 787
38 684
29 755
31 598
Living cost
17 847
17 847
17 847
17 847
Free-cash
16 940
20 837
11 908
13 751

Estimated living cost  is ₴17847 per week

₴13142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1266
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.
₴3181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4269
₴7176
₴8025
₴4848
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
485
health
-
-
-
4 040
income
-
-
-
6 169
surtax
-
-
-
2 851
pensions
-
-
-
8 618
communal
-
-
-
3 634
total
-
-
-
25 797
Employee
37 423
-
51 361
-
pensions
2 993
-
4 108
-
health
1 666
-
2 286
-
income
3 615
-
7 791
-
surtax
2 294
-
3 147
-
total
10 568
-
17 332
-
Employer
37 423
-
51 361
-
pensions
2 993
-
4 108
-
health
1 141
-
1 567
-
accident
337
-
462
-
total
4 471
-
6 137
-
Corporate
15 605
57 500
-
-
income
2 341
8 625
-
-
communal
-
3 881
-
-
surtax
164
604
-
-
total
2 505
13 110
-
-
Dividends
13 100
44 390
-
-
income
6 867
2 852
-
-
withholding
1 965
6 658
-
-
total
8 832
9 510
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 376
22 620
23 469
25 797
After tax
31 124
34 880
34 031
31 703
Living cost
26 855
26 855
26 855
26 855
Free-cash
4 269
8 025
7 176
4 848

Estimated living cost  is ₴26855 per week

₴20146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1627
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.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23496
₴16321
₴25067
₴17267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 083
income
-
-
-
11 872
surtax
-
-
-
1 565
pensions
-
-
-
11 500
other
-
-
-
-
unemployment
-
-
-
113
total
-
-
-
29 133
Employee
16 642
-
47 500
-
unemployment
1 158
-
3 306
-
pensions
1 110
-
3 168
-
health
425
-
1 212
-
income
2 790
-
10 977
-
other
-
-
-
-
surtax
59
-
1 416
-
total
5 542
-
20 079
-
Employer
16 642
-
47 500
-
pensions
2 219
-
6 332
-
other
-
-
-
-
health
757
-
2 162
-
unemployment
528
-
1 506
-
total
3 504
-
10 000
-
Corporate
37 354
57 500
-
-
income
9 712
14 950
-
-
total
9 712
14 950
-
-
Dividends
27 643
42 550
-
-
withholding
4 146
6 383
-
-
total
4 146
6 383
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 904
21 333
30 079
29 133
After tax
34 596
36 167
27 421
28 367
Living cost
11 100
11 100
11 100
11 100
Free-cash
23 496
25 067
16 321
17 267

Estimated living cost  is ₴11100 per week

₴6701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
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.
₴3176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15814
₴12689
₴16912
₴15412
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
341
regional
-
-
-
867
national
-
-
-
12 779
total
-
-
-
28 776
Employee
27 413
-
57 500
-
regional
369
-
774
-
municipal
145
-
305
-
national
4 343
-
11 031
-
social contributions
9 244
-
19 389
-
total
14 101
-
31 499
-
Employer
27 413
-
57 500
-
total
-
-
-
-
Corporate
30 087
57 500
-
-
municipal
1 496
2 857
-
-
nationa
7 221
13 800
-
-
total
8 717
16 657
-
-
Dividends
21 371
40 843
-
-
withholding
5 556
10 619
-
-
total
5 556
10 619
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 374
27 276
31 499
28 776
After tax
29 126
30 224
26 001
28 724
Living cost
13 312
13 312
13 312
13 312
Free-cash
15 814
16 912
12 689
15 412

Estimated living cost  is ₴13312 per week

₴8279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
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.
₴3457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18930
₴13952
₴24362
₴12778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
16 790
health
-
-
-
7 763
income
-
-
-
4 942
solidarity contribution
-
-
-
-
total
-
-
-
29 495
Employee
22 393
-
42 910
-
solidarity contribution
-
-
-
-
health
3 023
-
5 793
-
social contributions
1 456
-
2 789
-
income
2 687
-
5 149
-
total
7 166
-
13 731
-
Employer
22 393
-
42 910
-
health
2 015
-
3 862
-
social contributions
5 598
-
10 728
-
total
7 613
-
14 590
-
Corporate
27 494
57 500
-
-
income
5 224
10 925
-
-
total
5 224
10 925
-
-
Dividends
22 270
46 575
-
-
withholding
3 340
6 986
-
-
total
3 340
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
23 343
17 911
28 321
29 495
After tax
34 157
39 589
29 179
28 005
Living cost
15 227
15 227
15 227
15 227
Free-cash
18 930
24 362
13 952
12 778

Estimated living cost  is ₴15227 per week

₴11324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16139
₴657
₴16383
₴12784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 399
surtax
-
-
-
-
income
-
-
-
10 653
chamber of commerce
-
-
-
230
pensions
-
-
-
10 637
unemployment
-
-
-
3 031
total
-
-
-
28 950
Employee
21 602
19 694
44 650
-
unemployment
648
591
1 339
-
pensions
2 212
2 016
4 573
-
health
836
762
1 728
-
income
1 924
1 453
9 449
-
other
216
197
446
-
total
5 836
5 019
17 535
-
Employer
21 602
19 694
44 650
-
chamber of commerce
86
79
178
-
pensions
2 711
2 472
5 603
-
other
1 026
935
2 121
-
health
817
745
1 688
-
unemployment
648
591
1 339
-
accident
280
256
580
-
surtax
-
-
-
-
payroll
648
591
1 339
-
total
6 216
5 669
12 848
-
Corporate
29 682
32 138
42 775
-
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.

7 421
8 035
10 694
-
total
7 421
8 035
10 694
-
Dividends
22 261
24 104
-
-
withholding
6 122
6 628
-
-
total
6 122
6 628
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 595
25 351
41 077
28 950
After tax
31 905
32 149
16 423
28 550
Living cost
15 766
15 766
15 766
15 766
Free-cash
16 139
16 383
657
12 784

Estimated living cost  is ₴15766 per week

₴9458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47089
₴39654
₴48279
₴50579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 933
-
57 500
-
income
1 587
-
11 500
-
total
1 587
-
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%.

49 567
57 500
-
-
total
-
-
-
-
Dividends
49 567
57 500
-
-
withholding
2 478
2 875
-
-
total
2 478
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
4 065
2 875
11 500
575
After tax
53 435
54 625
46 000
56 925
Living cost
6 346
6 346
6 346
6 346
Free-cash
47 089
48 279
39 654
50 579

Estimated living cost  is ₴6346 per week

₴4295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴266
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22201
₴14494
₴26333
₴16140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 658
income
-
-
-
11 860
pensions
-
-
-
10 501
unemployment
-
-
-
86
total
-
-
-
28 105
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.

21 852
-
49 754
-
unemployment
31
-
69
-
pensions
3 387
-
7 711
-
health
1 411
-
3 214
-
income
3 768
-
11 011
-
total
8 597
-
22 005
-
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.

21 852
-
49 754
-
pensions
1 934
-
4 403
-
health
1 455
-
3 313
-
unemployment
13
-
30
-
total
3 402
-
7 746
-
Corporate
32 245
57 500
-
-
income
6 127
10 925
-
-
total
6 127
10 925
-
-
Dividends
26 119
46 575
-
-
withholding
3 918
6 987
-
-
total
3 918
6 987
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 044
17 912
29 751
28 105
After tax
35 456
39 588
27 749
29 395
Living cost
13 255
13 255
13 255
13 255
Free-cash
22 201
26 333
14 494
16 140

Estimated living cost  is ₴13255 per week

₴9097
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.
₴3052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16526
₴29547
₴13561
₴18315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
6 555
income
-
-
-
11 208
total
-
-
-
17 763
Employee
30 716
-
-
-
social contributions
2 519
-
359
-
income
6 775
-
-
-
total
9 294
-
359
-
Employer
30 716
-
-
-
social contributions
43 310
-
6 172
-
total
43 310
-
6 172
-
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
52 604
22 517
6 531
17 763
After tax
4 896
34 983
50 969
39 737
Living cost
21 422
21 422
21 422
21 422
Free-cash
-16 526
13 561
29 547
18 315

Estimated living cost  is ₴21422 per week

₴13899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴5235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16707
₴12830
₴17205
₴16270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 981
income
-
-
-
5 748
surtax
-
-
-
-
total
-
-
-
25 729
Employee
22 728
-
46 464
-
social contributions
2 500
-
5 111
-
income
4 728
-
13 023
-
surtax
-
-
-
-
total
7 228
-
18 134
-
Employer
22 728
-
46 464
-
social contributions
5 398
-
11 035
-
total
5 398
-
11 035
-
Corporate
29 374
57 500
-
-
income
6 169
12 075
-
-
surtax
-
-
-
-
total
6 169
12 075
-
-
Dividends
23 205
45 425
-
-
withholding
6 497
12 719
-
-
total
6 497
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 292
24 794
29 169
25 729
After tax
32 208
32 706
28 331
31 771
Living cost
15 501
15 501
15 501
15 501
Free-cash
16 707
17 205
12 830
16 270

Estimated living cost  is ₴15501 per week

₴11598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴914
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.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8508
₴11007
₴5112
₴9013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 638
health
-
-
-
1 509
income
-
-
-
6 620
surtax
-
-
-
-
pensions
-
-
-
13 069
other
-
-
-
1 783
total
-
-
-
24 619
Employee
30 951
-
46 136
-
pensions
3 501
-
2 499
-
social contributions
882
-
1 315
-
income
2 701
-
7 449
-
surtax
-
-
-
-
total
7 084
-
11 263
-
Employer
30 951
-
46 136
-
pensions
5 086
-
4 334
-
other
1 068
-
1 591
-
health
2 166
-
3 430
-
unemployment
1 254
-
1 868
-
social contributions
93
-
139
-
total
9 667
-
11 362
-
Corporate
16 882
57 500
-
-
income
4 727
16 100
-
-
surtax
-
-
-
-
total
4 727
16 100
-
-
Dividends
12 155
41 400
-
-
surtax
-
-
-
-
social contributions
2 090
7 121
-
-
withholding
1 556
5 299
-
-
total
3 646
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 124
28 520
22 625
24 619
After tax
32 376
28 980
34 875
32 881
Living cost
23 868
23 868
23 868
23 868
Free-cash
8 508
5 112
11 007
9 013

Estimated living cost  is ₴23868 per week

₴16153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35234
₴30039
₴36895
₴28510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
12 650
income
-
-
-
1 485
total
-
-
-
14 135
Employee
15 887
-
49 784
-
social contributions
1 033
-
3 236
-
income
-
-
1 654
-
total
1 033
-
4 890
-
Employer
15 887
-
49 784
-
social contributions
2 463
-
7 716
-
total
2 463
-
7 716
-
Corporate
39 150
57 500
-
-
income
3 915
5 750
-
-
total
3 915
5 750
-
-
Dividends
35 235
51 750
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
7 411
5 750
12 606
14 135
After tax
50 089
51 750
44 894
43 365
Living cost
14 855
14 855
14 855
14 855
Free-cash
35 234
36 895
30 039
28 510

Estimated living cost  is ₴14855 per week

₴9605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴50064
-₴50064
-₴50064
₴11405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
11 103
pensions
-
-
-
428
labour market
-
-
-
4 566
national
-
-
-
6 222
total
-
-
-
22 319
Employee
100 353
100 353
100 353
-
pensions
143
143
143
-
municipal
21 370
21 370
21 370
-
national
12 260
12 260
12 260
-
labour market
8 017
8 017
8 017
-
total
41 790
41 790
41 790
-
Employer
100 353
100 353
100 353
-
municipal
21 404
21 404
21 404
-
pensions
285
285
285
-
national
12 281
12 281
12 281
-
labour market
8 028
8 028
8 028
-
total
41 998
41 998
41 998
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
83 788
83 788
83 788
22 319
After tax
-26 288
-26 288
-26 288
35 181
Living cost
23 776
23 776
23 776
23 776
Free-cash
-50 064
-50 064
-50 064
11 405

Estimated living cost  is ₴23776 per week

₴16273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2103
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.
₴5034
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
₴2982
₴19210
-₴6268
₴28495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 099
income
-
-
-
14 570
pensions
-
-
-
2 097
other
-
-
-
187
total
-
-
-
18 080
Employee
17 186
-
49 892
-
pensions
1 935
-
3 845
-
health
1 968
-
5 712
-
income
2 358
-
10 200
-
total
6 261
-
19 757
-
Employer
17 186
-
49 892
-
pensions
2 794
-
5 553
-
unemployment
421
-
1 222
-
accident
287
-
833
-
total
3 502
-
7 608
-
Corporate
36 812
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.

33 131
51 750
-
-
total
33 131
51 750
-
-
Dividends
3 681
5 750
-
-
withholding
699
1 093
-
-
total
699
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 593
52 843
27 365
18 080
After tax
13 907
4 657
30 135
39 420
Living cost
10 925
10 925
10 925
10 925
Free-cash
2 982
-6 268
19 210
28 495

Estimated living cost  is ₴10925 per week

₴7952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18403
₴13071
₴18641
₴20953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 228
national
-
-
-
6 667
total
-
-
-
17 574
Employee
25 999
-
48 373
-
unemployment
390
-
726
-
pensions
1 755
-
3 265
-
municipal
4 258
-
7 891
-
national
430
-
3 909
-
health
194
-
538
-
total
7 027
-
16 329
-
Employer
25 999
-
48 373
-
pensions
4 511
-
8 392
-
health
200
-
372
-
unemployment
169
-
314
-
accident
26
-
49
-
total
4 906
-
9 127
-
Corporate
26 595
57 500
-
-
income
5 319
11 500
-
-
total
5 319
11 500
-
-
Dividends

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

15 957
34 500
-
-
national
-
2 176
-
-
municipal
2 872
6 210
-
-
total
2 872
8 386
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 124
19 886
25 456
17 574
After tax
37 376
37 614
32 044
39 926
Living cost
18 973
18 973
18 973
18 973
Free-cash
18 403
18 641
13 071
20 953

Estimated living cost  is ₴18973 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27912
₴28297
₴30602
₴28928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
7 996
health
-
-
-
1 467
income
-
-
-
7 668
total
-
-
-
17 131
Employee
38 000
38 000
52 279
-
health
294
646
889
-
social contributions
1 437
3 154
4 254
-
income
4 138
3 518
7 398
-
total
5 869
7 318
12 541
-
Employer
38 000
38 000
52 279
-
health
320
703
967
-
social contributions
1 437
3 154
4 254
-
total
1 757
3 857
5 221
-
Corporate
38 433
15 643
-
-
income
4 804
1 955
-
-
total
4 804
1 955
-
-
Dividends
33 629
13 688
-
-
withholding
5 717
2 327
-
-
total
5 717
2 327
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 147
15 457
17 762
17 131
After tax
39 353
42 043
39 738
40 369
Living cost
11 441
11 441
11 441
11 441
Free-cash
27 912
30 602
28 297
28 928

Estimated living cost  is ₴11441 per week

₴6857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1123
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.
₴3209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37255
₴29191
₴39769
₴39103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 788
income
-
-
-
5 606
pensions
-
-
-
3 143
unemployment
-
-
-
14
total
-
-
-
10 551
Employee

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

11 343
-
52 670
-
unemployment
56
-
234
-
pensions
1 701
-
7 033
-
health
964
-
3 986
-
income
776
-
4 381
-
total
3 497
-
15 634
-
Employer

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

11 343
-
52 670
-
pensions
624
-
2 579
-
health
488
-
2 016
-
unemployment
56
-
234
-
total
1 168
-
4 829
-
Corporate
44 989
57 500
-
-
income
4 049
5 175
-
-
total
4 049
5 175
-
-
Dividends
40 940
52 325
-
-
withholding
3 685
4 710
-
-
total
3 685
4 710
-
-
Income
57 500
57 500
57 500
57 500
Total tax
12 399
9 885
20 463
10 551
After tax
45 101
47 615
37 037
46 949
Living cost
7 846
7 846
7 846
7 846
Free-cash
37 255
39 769
29 191
39 103

Estimated living cost  is ₴7846 per week

₴5006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
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.
₴2041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22542
₴16166
₴25095
₴18009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 160
pensions
-
-
-
12 962
other
-
-
-
46
unemployment
-
-
-
321
total
-
-
-
25 902
Employee
18 273
-
43 600
-
unemployment
283
-
676
-
pensions
859
-
2 049
-
income
3 523
-
11 077
-
other
18
-
43
-
total
4 683
-
13 845
-
Employer
18 273
-
43 600
-
pensions
4 312
-
10 289
-
other
146
-
349
-
unemployment
1 005
-
2 398
-
accident
362
-
864
-
total
5 825
-
13 900
-
Corporate
33 402
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.

5 011
8 625
-
-
total
5 011
8 625
-
-
Dividends
28 391
48 875
-
-
withholding
5 850
10 191
-
-
total
5 850
10 191
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 369
18 816
27 745
25 902
After tax
36 131
38 684
29 755
31 598
Living cost
13 589
13 589
13 589
13 589
Free-cash
22 542
25 095
16 166
18 009

Estimated living cost  is ₴13589 per week

₴9172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1306
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.
₴2872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34767
₴35787
₴34923
₴35856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
506
income
-
-
-
19 483
pensions
-
-
-
698
total
-
-
-
20 687
Employee
1 458
-
56 715
-
unemployment
15
-
35
-
pensions
131
-
314
-
health
73
-
175
-
income
282
-
19 446
-
total
501
-
19 970
-
Employer
1 458
-
56 715
-
pensions
160
-
384
-
health
138
-
332
-
unemployment
29
-
70
-
total
327
-
786
-
Corporate
55 714
57 500
-
-
income
12 257
12 650
-
-
total
12 257
12 650
-
-
Dividends
43 457
44 850
-
-
withholding
8 691
8 970
-
-
total
8 691
8 970
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 776
21 620
20 756
20 687
After tax
35 724
35 880
36 744
36 813
Living cost
957
957
957
957
Free-cash
34 767
34 923
35 787
35 856

Estimated living cost  is ₴957 per week

₴569
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.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30564
₴22850
₴32998
₴22850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 762
income
-
-
-
12 297
pensions
-
-
-
9 496
unemployment
-
-
-
548
total
-
-
-
26 103
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.

12 888
-
50 962
-
unemployment
97
-
274
-
pensions
1 804
-
5 113
-
health
664
-
1 881
-
income
1 776
-
12 297
-
total
4 341
-
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.

12 888
-
50 962
-
pensions
1 547
-
4 383
-
health
664
-
1 881
-
unemployment
97
-
274
-
total
2 308
-
6 538
-
Corporate
42 306
57 500
-
-
income
6 346
8 625
-
-
total
6 346
8 625
-
-
Dividends
35 960
48 875
-
-
withholding
5 394
7 331
-
-
total
5 394
7 331
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 389
15 956
26 103
26 103
After tax
39 111
41 544
31 397
31 397
Living cost
8 546
8 546
8 546
8 546
Free-cash
30 564
32 998
22 850
22 850

Estimated living cost  is ₴8546 per week

₴5754
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.
₴1884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19204
₴15008
₴19383
₴18448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 981
income
-
-
-
5 748
surtax
-
-
-
-
total
-
-
-
25 729
Employee
19 180
-
46 464
-
social contributions
2 110
-
5 111
-
income
3 748
-
13 023
-
surtax
-
-
-
-
total
5 858
-
18 134
-
Employer
19 180
-
46 464
-
social contributions
4 555
-
11 035
-
total
4 555
-
11 035
-
Corporate
33 765
57 500
-
-
income
7 091
12 075
-
-
surtax
-
-
-
-
total
7 091
12 075
-
-
Dividends
26 675
45 425
-
-
withholding
7 469
12 719
-
-
total
7 469
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 973
24 794
29 169
25 729
After tax
32 527
32 706
28 331
31 771
Living cost
13 323
13 323
13 323
13 323
Free-cash
19 204
19 383
15 008
18 448

Estimated living cost  is ₴13323 per week

₴9436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17589
₴12388
₴21317
₴14231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 160
pensions
-
-
-
12 962
other
-
-
-
46
unemployment
-
-
-
321
total
-
-
-
25 902
Employee
23 866
-
43 600
-
unemployment
369
-
676
-
pensions
1 122
-
2 049
-
income
4 985
-
11 077
-
other
23
-
43
-
total
6 499
-
13 845
-
Employer
23 866
-
43 600
-
pensions
5 632
-
10 289
-
other
191
-
349
-
unemployment
1 313
-
2 398
-
accident
473
-
864
-
total
7 609
-
13 900
-
Corporate
26 024
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.

3 904
8 625
-
-
total
3 904
8 625
-
-
Dividends
22 120
48 875
-
-
withholding
4 532
10 191
-
-
total
4 532
10 191
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 544
18 816
27 745
25 902
After tax
34 956
38 684
29 755
31 598
Living cost
17 367
17 367
17 367
17 367
Free-cash
17 589
21 317
12 388
14 231

Estimated living cost  is ₴17367 per week

₴12473
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.
₴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.
₴3300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37644
₴37695
₴40657
₴35759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 986
income
-
-
-
8 625
pensions

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

-
-
-
2 556
unemployment
-
-
-
69
total
-
-
-
13 236
Employee
11 262
-
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
-
health
518
-
794
-
income
1 126
-
5 411
-
total
2 757
-
7 911
-
Employer
11 262
-
54 112
-
pensions

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

1 241
-
1 903
-
health
777
-
1 192
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
total
2 210
-
3 389
-
Corporate
44 028
57 500
-
-
income
4 403
5 750
-
-
total
4 403
5 750
-
-
Dividends
39 625
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
11 300
13 236
After tax
46 149
49 162
46 200
44 264
Living cost
8 505
8 505
8 505
8 505
Free-cash
37 644
40 657
37 695
35 759

Estimated living cost  is ₴8505 per week

₴5625
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
₴17026
₴19751
₴10562
₴14797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 376
trade
-
-
-
4 954
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.

-
-
-
14 497
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
total
-
-
-
23 624
Employee

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

24 588
-
57 500
-
health

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

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

3 376
-
3 376
-
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.

2 022
-
14 497
-
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
-
total
5 510
-
18 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 912
57 500
-
-
income
4 937
8 625
-
-
chamber of commerce
123
159
-
-
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.

272
475
-
-
trade
4 723
8 252
-
-
total
10 055
17 511
-
-
Dividends
22 858
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
539
-
-
withholding
5 526
9 809
-
-
total
5 830
10 348
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 395
27 859
18 670
23 624
After tax
36 105
29 641
38 830
33 876
Living cost
19 079
19 079
19 079
19 079
Free-cash
17 026
10 562
19 751
14 797

Estimated living cost  is ₴19079 per week

₴13161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
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.
₴3588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13191
₴9234
₴12101
₴9234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
5 284
income
-
-
-
14 832
total
-
-
-
20 116
Employee
38 655
-
57 500
-
social contributions
3 211
-
5 284
-
income
7 294
-
14 832
-
total
10 505
-
20 116
-
Employer
38 655
-
57 500
-
total
-
-
-
-
Corporate
18 845
57 500
-
-
income
2 356
7 187
-
-
total
2 356
7 187
-
-
Dividends
16 489
50 313
-
-
withholding
3 298
10 062
-
-
total
3 298
10 062
-
-
Income
57 500
57 500
57 500
57 500
Total tax
16 159
17 249
20 116
20 116
After tax
41 341
40 251
37 384
37 384
Living cost
28 150
28 150
28 150
28 150
Free-cash
13 191
12 101
9 234
9 234

Estimated living cost  is ₴28150 per week

₴21416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2294
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.
₴4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18552
₴24416
₴16825
₴22452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 067
health

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

-
-
-
3 042
total
-
-
-
17 109
Employee
22 670
-
55 227
-
social contributions
2 271
-
2 273
-
income
2 460
-
10 599
-
total
4 731
-
12 872
-
Employer
22 670
-
55 227
-
social contributions
2 271
-
2 273
-
total
2 271
-
2 273
-
Corporate
32 559
57 500
-
-
income
11 396
20 125
-
-
total
11 396
20 125
-
-
Dividends
21 163
37 375
-
-
social contributions
2 611
2 611
-
-
total
2 611
2 611
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 009
22 736
15 145
17 109
After tax
36 491
34 764
42 355
40 391
Living cost
17 939
17 939
17 939
17 939
Free-cash
18 552
16 825
24 416
22 452

Estimated living cost  is ₴17939 per week

₴11816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22367
₴16875
₴22651
₴22234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 483
pensions
-
-
-
3 800
total
-
-
-
17 283
Employee
24 685
-
50 486
-
pensions
1 884
-
4 877
-
health
322
-
840
-
income
4 495
-
9 911
-
total
6 701
-
15 628
-
Employer
24 685
-
50 486
-
pensions
2 494
-
6 054
-
health
469
-
960
-
total
2 963
-
7 014
-
Corporate
29 852
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.

5 672
10 925
-
-
total
5 672
10 925
-
-
Dividends
24 180
46 575
-
-
withholding
1 814
5 941
-
-
total
1 814
5 941
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 150
16 866
22 642
17 283
After tax
40 350
40 634
34 858
40 217
Living cost
17 983
17 983
17 983
17 983
Free-cash
22 367
22 651
16 875
22 234

Estimated living cost  is ₴17983 per week

₴12336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2815
₴18128
-₴7350
₴27413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 099
income
-
-
-
14 570
pensions
-
-
-
2 097
other
-
-
-
187
total
-
-
-
18 080
Employee
18 887
-
49 892
-
pensions
2 127
-
3 845
-
health
2 162
-
5 712
-
income
2 591
-
10 200
-
total
6 880
-
19 757
-
Employer
18 887
-
49 892
-
pensions
3 071
-
5 553
-
unemployment
463
-
1 222
-
accident
315
-
833
-
total
3 849
-
7 608
-
Corporate
34 764
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.

31 288
51 750
-
-
total
31 288
51 750
-
-
Dividends
3 476
5 750
-
-
withholding
661
1 093
-
-
total
661
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
42 678
52 843
27 365
18 080
After tax
14 822
4 657
30 135
39 420
Living cost
12 007
12 007
12 007
12 007
Free-cash
2 815
-7 350
18 128
27 413

Estimated living cost  is ₴12007 per week

₴8812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39392
₴30909
₴41705
₴25974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 032
health insurance
-
-
-
4 255
pensions
-
-
-
10 580
unemployment
-
-
-
690
work injury
-
-
-
288
total
-
-
-
24 845
Employee

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

10 690
-
57 500
-
unemployment
128
-
475
-
pensions
1 967
-
7 278
-
work injury
53
-
198
-
income
1 069
-
9 032
-
health insurance
791
-
2 927
-
total
4 008
-
19 910
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 810
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
46 342
56 925
-
-
withholding
6 951
8 539
-
-
total
6 951
8 539
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 427
9 114
19 910
24 845
After tax
46 073
48 386
37 590
32 655
Living cost
6 681
6 681
6 681
6 681
Free-cash
39 392
41 705
30 909
25 974

Estimated living cost  is ₴6681 per week

₴4139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
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.
₴1848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8352
₴6008
₴10600
₴8638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
384
regional
-
-
-
1 223
national
-
-
-
12 779
total
-
-
-
29 175
Employee
41 642
-
57 500
-
regional
629
-
1 042
-
municipal
249
-
343
-
national
7 037
-
11 031
-
social contributions
14 041
-
19 389
-
total
21 956
-
31 805
-
Employer
41 642
-
57 500
-
total
-
-
-
-
Corporate
15 858
57 500
-
-
municipal
764
2 771
-
-
nationa
3 806
13 800
-
-
total
4 570
16 571
-
-
Dividends
11 288
40 929
-
-
withholding
2 935
10 642
-
-
total
2 935
10 642
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 461
27 213
31 805
29 175
After tax
28 039
30 287
25 695
28 325
Living cost
19 687
19 687
19 687
19 687
Free-cash
8 352
10 600
6 008
8 638

Estimated living cost  is ₴19687 per week

₴13829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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