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
₴19168
₴19016
₴24401
₴13239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
715
trade
-
-
-
5 233
income

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

-
-
-
12 998
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.

-
-
-
3 568
total
-
-
-
22 514
Employee

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

19 974
-
57 500
-
income

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

558
-
12 998
-
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.

3 568
-
3 568
-
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.

31
-
715
-
total
4 157
-
17 281
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 526
57 500
-
-
surtax

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

309
475
-
-
income
5 629
8 625
-
-
trade
5 910
9 056
-
-
chamber of commerce
133
162
-
-
total
11 981
18 318
-
-
Dividends
25 544
39 183
-
-
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.

340
528
-
-
withholding
6 188
9 597
-
-
total
6 528
10 125
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 666
28 443
17 281
22 514
After tax
34 834
29 057
40 219
34 986
Living cost
15 818
15 818
15 818
15 818
Free-cash
19 016
13 239
24 401
19 168

Estimated living cost  is ₴15818 per week

₴9950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7106
₴7919
₴7557
₴8376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
9 343
pensions
-
-
-
6 900
social contributions
-
-
-
618
municipal
-
-
-
6 029
total
-
-
-
22 890
Employee
42 637
-
49 708
-
pensions
1 705
-
1 988
-
municipal
5 266
-
6 252
-
national
8 161
-
9 688
-
total
15 132
-
17 928
-
Employer
42 637
-
49 708
-
pensions
3 411
-
3 977
-
social contributions
458
-
534
-
total
3 869
-
4 511
-
Corporate
8 180
57 500
-
-
income

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

1 636
11 500
-
-
total
1 636
11 500
-
-
Dividends
6 544
46 000
-
-
withholding
1 440
10 120
-
-
total
1 440
10 120
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 077
21 620
22 439
22 890
After tax
35 423
35 880
35 061
34 610
Living cost
27 504
27 504
27 504
27 504
Free-cash
7 919
8 376
7 557
7 106

Estimated living cost  is ₴27504 per week

₴18694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴412
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19770
₴30852
₴21486
₴35136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

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

-
-
-
18 487
income
-
-
-
8 378
microenterprise
-
-
-
-
total
-
-
-
26 865
Employee
15 260
-
46 337
-
income
2 716
-
8 890
-
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.

1 679
-
5 097
-
surtax
-
-
-
-
total
4 395
-
13 987
-
Employer
15 260
-
46 337
-
surtax
-
-
-
-
social contributions

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

3 676
-
11 163
-
total
3 676
-
11 163
-
Corporate
38 565
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%.

7 713
11 500
-
-
total
7 713
11 500
-
-
Dividends

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

30 852
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
15 784
11 500
25 150
26 865
After tax
41 716
46 000
32 350
30 635
Living cost
10 864
10 864
10 864
10 864
Free-cash
30 852
35 136
21 486
19 770

Estimated living cost  is ₴10864 per week

₴6931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1035
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.
₴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 Riga model

Close
Rotterdam , Netherlands
₴10848
₴2877
₴7569
₴6077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 119
income
-
-
-
12 216
health
-
-
-
6 440
total
-
-
-
24 775
Employee
44 596
44 596
48 931
-
pensions
8 027
6 119
6 119
-
income

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

7 300
7 300
7 300
-
health
6 845
5 822
6 069
-
total
22 172
19 241
19 488
-
Employer
44 596
44 596
48 931
-
pensions
3 104
3 104
3 405
-
health
3 100
3 100
3 400
-
unemployment
1 605
1 605
1 761
-
total
7 809
7 809
8 566
-
Corporate
5 642
5 095
-
-
income
1 129
1 019
-
-
total
1 129
1 019
-
-
Dividends
4 513
4 076
-
-
income
959
866
-
-
withholding
677
611
-
-
total
1 636
1 477
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 746
29 546
28 054
24 775
After tax
24 754
27 954
29 446
32 725
Living cost
21 877
21 877
21 877
21 877
Free-cash
2 877
6 077
7 569
10 848

Estimated living cost  is ₴21877 per week

₴15504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴348
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8930
₴9170
₴8968
₴9658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
-
other
-
-
-
5 536
pensions
-
-
-
5 150
municipal
-
-
-
13 031
accident
-
-
-
95
health
-
-
-
2 973
unemployment
-
-
-
48
total
-
-
-
26 833
Employee
30 973
-
43 753
-
municipal
9 236
-
13 047
-
national
-
-
-
-
total
9 236
-
13 047
-
Employer
30 973
-
43 753
-
pensions
3 348
-
4 730
-
other
3 599
-
5 084
-
health
1 905
-
2 691
-
unemployment
818
-
1 155
-
accident
62
-
88
-
total
9 732
-
13 748
-
Corporate
16 796
57 500
-
-
income
3 695
12 650
-
-
total
3 695
12 650
-
-
Dividends
13 101
44 850
-
-
withholding
3 930
13 455
-
-
total
3 930
13 455
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 593
26 105
26 795
26 833
After tax
30 907
31 395
30 705
30 667
Living cost
21 737
21 737
21 737
21 737
Free-cash
9 170
9 658
8 968
8 930

Estimated living cost  is ₴21737 per week

₴14406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14240
₴15583
₴19704
₴8246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
715
trade
-
-
-
5 464
income

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

-
-
-
12 998
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.

-
-
-
3 568
total
-
-
-
22 745
Employee

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

26 483
-
57 500
-
income

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

2 275
-
12 998
-
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.

3 568
-
3 568
-
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.

125
-
715
-
total
5 968
-
17 281
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 017
57 500
-
-
surtax

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

256
475
-
-
income
4 653
8 625
-
-
trade
5 103
9 458
-
-
chamber of commerce
124
162
-
-
total
10 136
18 720
-
-
Dividends
20 882
38 781
-
-
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.

276
522
-
-
withholding
5 022
9 497
-
-
total
5 298
10 019
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 402
28 739
17 281
22 745
After tax
36 098
28 761
40 219
34 755
Living cost
20 515
20 515
20 515
20 515
Free-cash
15 583
8 246
19 704
14 240

Estimated living cost  is ₴20515 per week

₴13721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23497
₴22957
₴23075
₴25122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
8 449
income
-
-
-
7 149
health
-
-
-
1 467
total
-
-
-
17 065
Employee
40 157
40 157
52 202
-
income
4 217
3 717
6 969
-
social contributions
1 951
3 333
4 333
-
health
399
683
887
-
total
6 567
7 733
12 189
-
Employer
40 157
40 157
52 202
-
social contributions
1 951
3 333
4 333
-
health
435
743
965
-
total
2 386
4 076
5 298
-
Corporate
31 608
13 267
-
-
income
3 951
1 658
-
-
total
3 951
1 658
-
-
Dividends
27 657
11 609
-
-
withholding
4 701
1 973
-
-
total
4 701
1 973
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 605
15 440
17 487
17 065
After tax
39 895
42 060
40 013
40 435
Living cost
16 938
16 938
16 938
16 938
Free-cash
22 957
25 122
23 075
23 497

Estimated living cost  is ₴16938 per week

₴11579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29547
₴22316
₴23046
₴22102
S + D Salary + Dividends

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

Dividends

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

Salary

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

14 849
5 910
48 117
-
pensions
1 485
591
4 812
-
income
1 815
722
5 882
-
health
1 039
414
3 368
-
unemployment
223
89
722
-
total
4 562
1 816
14 784
-
Employer

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

The minimum wage is 138,000 HUF per month.

14 849
5 910
48 117
-
pensions
2 896
1 152
9 383
-
total
2 896
1 152
9 383
-
Corporate
39 756
50 438
-
-
income
3 578
4 539
-
-
total
3 578
4 539
-
-
Dividends
36 178
45 899
-
-
withholding
6 874
8 721
-
-
social contributions
6 987
8 883
-
-
total
13 861
17 604
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 897
25 111
24 167
17 666
After tax
32 603
32 389
33 333
39 834
Living cost
10 287
10 287
10 287
10 287
Free-cash
22 316
22 102
23 046
29 547

Estimated living cost  is ₴10287 per week

₴7020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18206
₴30141
₴20528
₴33386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 500
income
-
-
-
7 705
health
-
-
-
7 475
total
-
-
-
26 680
Employee
14 815
-
42 975
-
pensions
296
-
859
-
income
1 668
-
8 286
-
unemployment
237
-
688
-
total
2 201
-
9 833
-
Employer
14 815
-
42 975
-
pensions
2 963
-
8 595
-
health
1 926
-
5 586
-
unemployment
119
-
344
-
total
5 008
-
14 525
-
Corporate
37 678
57 500
-
-
income
7 536
11 500
-
-
total
7 536
11 500
-
-
Dividends
30 142
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 745
11 500
24 358
26 680
After tax
42 755
46 000
33 142
30 820
Living cost
12 614
12 614
12 614
12 614
Free-cash
30 141
33 386
20 528
18 206

Estimated living cost  is ₴12614 per week

₴8652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴751
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27747
₴2863
₴18275
-₴7033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
197
pensions
-
-
-
2 211
income
-
-
-
14 362
accident
-
-
-
134
health
-
-
-
1 159
total
-
-
-
18 063
Employee
18 389
-
49 602
-
pensions
2 071
-
4 054
-
income
2 523
-
9 904
-
health
2 106
-
5 680
-
total
6 700
-
19 638
-
Employer
18 389
-
49 602
-
pensions
2 990
-
5 854
-
unemployment
451
-
1 215
-
accident
307
-
828
-
total
3 748
-
7 897
-
Corporate
35 363
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.

31 827
51 750
-
-
total
31 827
51 750
-
-
Dividends
3 536
5 750
-
-
withholding
672
1 093
-
-
total
672
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
42 947
52 843
27 535
18 063
After tax
14 553
4 657
29 965
39 437
Living cost
11 690
11 690
11 690
11 690
Free-cash
2 863
-7 033
18 275
27 747

Estimated living cost  is ₴11690 per week

₴8568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52683
₴49588
₴41758
₴50383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 302
-
57 500
-
income
1 060
-
11 500
-
total
1 060
-
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%.

52 198
57 500
-
-
total
-
-
-
-
Dividends
52 198
57 500
-
-
withholding
2 610
2 875
-
-
total
2 610
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
3 670
2 875
11 500
575
After tax
53 830
54 625
46 000
56 925
Living cost
4 242
4 242
4 242
4 242
Free-cash
49 588
50 383
41 758
52 683

Estimated living cost  is ₴4242 per week

₴2629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17124
₴24803
₴19502
₴28330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
2 731
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
income
-
-
-
7 400
health
-
-
-
2 530
total
-
-
-
26 461
Employee
18 961
-
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.

1 327
-
3 215
-
income
3 264
-
8 193
-
health
266
-
643
-
unemployment
189
-
459
-
total
5 046
-
12 510
-
Employer
18 961
-
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.

3 224
-
7 807
-
other
948
-
2 296
-
health
266
-
643
-
unemployment
189
-
459
-
accident
152
-
368
-
total
4 779
-
11 573
-
Corporate
33 760
57 500
-
-
income
7 090
12 075
-
-
total
7 090
12 075
-
-
Dividends
26 670
45 425
-
-
withholding
1 867
3 180
-
-
total
1 867
3 180
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 782
15 255
24 083
26 461
After tax
38 718
42 245
33 417
31 039
Living cost
13 915
13 915
13 915
13 915
Free-cash
24 803
28 330
19 502
17 124

Estimated living cost  is ₴13915 per week

₴9832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6128
₴1484
₴883
₴6730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 974
income
-
-
-
12 887
total
-
-
-
16 861
Employee
48 827
-
50 538
-
pensions
4 710
-
4 916
-
income
8 802
-
9 389
-
health
805
-
840
-
total
14 317
-
15 145
-
Employer
48 827
-
50 538
-
pensions
5 765
-
6 001
-
health
927
-
960
-
total
6 692
-
6 961
-
Corporate
1 980
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.

376
10 924
-
-
total
376
10 924
-
-
Dividends
1 604
46 576
-
-
withholding
120
5 335
-
-
total
120
5 335
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 505
16 259
22 106
16 861
After tax
35 995
41 241
35 394
40 639
Living cost
34 511
34 511
34 511
34 511
Free-cash
1 484
6 730
883
6 128

Estimated living cost  is ₴34511 per week

₴25859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4055
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.
₴4316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37226
₴39944
₴39117
₴42355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 684
income
-
-
-
8 625
health
-
-
-
2 085
unemployment
-
-
-
73
total
-
-
-
13 467
Employee
9 013
-
53 942
-
pensions

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

791
-
1 592
-
accident

We are using the highest rate at 1.1%.

99
-
199
-
income
901
-
5 394
-
health
415
-
834
-
total
2 206
-
8 019
-
Employer
9 013
-
53 942
-
pensions

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

993
-
1 998
-
health
622
-
1 251
-
unemployment
54
-
109
-
accident

We are using the highest rate at 1.1%.

99
-
199
-
total
1 768
-
3 557
-
Corporate
46 719
57 500
-
-
income
4 672
5 750
-
-
total
4 672
5 750
-
-
Dividends
42 047
51 750
-
-
withholding
2 103
2 588
-
-
total
2 103
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
10 749
8 338
11 576
13 467
After tax
46 751
49 162
45 924
44 033
Living cost
6 807
6 807
6 807
6 807
Free-cash
39 944
42 355
39 117
37 226

Estimated living cost  is ₴6807 per week

₴3974
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.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3767
₴310
₴488
-₴1004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 119
income
-
-
-
12 216
health
-
-
-
6 440
total
-
-
-
24 775
Employee
48 417
44 596
48 931
-
pensions
6 119
6 119
6 119
-
income

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

7 300
7 300
7 300
-
health
6 040
5 822
6 069
-
total
19 459
19 241
19 488
-
Employer
48 417
44 596
48 931
-
pensions
3 369
3 104
3 405
-
health
3 365
3 100
3 400
-
unemployment
1 743
1 605
1 761
-
total
8 477
7 809
8 566
-
Corporate
606
5 095
-
-
income
121
1 019
-
-
total
121
1 019
-
-
Dividends
485
4 076
-
-
income
103
866
-
-
withholding
72
611
-
-
total
175
1 477
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 232
29 546
28 054
24 775
After tax
29 268
27 954
29 446
32 725
Living cost
28 958
28 958
28 958
28 958
Free-cash
310
-1 004
488
3 767

Estimated living cost  is ₴28958 per week

₴21361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15029
₴21984
₴16203
₴26613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
16 790
income
-
-
-
4 942
health
-
-
-
7 763
solidarity contribution
-
-
-
-
total
-
-
-
29 495
Employee
19 083
-
42 910
-
income
2 290
-
5 149
-
social contributions
1 240
-
2 789
-
solidarity contribution
-
-
-
-
health
2 576
-
5 793
-
total
6 106
-
13 731
-
Employer
19 083
-
42 910
-
social contributions
4 771
-
10 728
-
health
1 717
-
3 862
-
total
6 488
-
14 590
-
Corporate
31 929
57 500
-
-
income
6 067
10 925
-
-
total
6 067
10 925
-
-
Dividends
25 863
46 575
-
-
withholding
3 879
6 986
-
-
total
3 879
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 540
17 911
28 321
29 495
After tax
34 960
39 589
29 179
28 005
Living cost
12 976
12 976
12 976
12 976
Free-cash
21 984
26 613
16 203
15 029

Estimated living cost  is ₴12976 per week

₴9013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7106
₴5917
₴4370
₴8642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
12 583
social contributions
-
-
-
14 789
municipal
-
-
-
342
regional
-
-
-
644
total
-
-
-
28 358
Employee
46 412
-
57 500
-
social contributions
15 650
-
19 389
-
municipal
246
-
305
-
regional
438
-
565
-
national
8 042
-
10 835
-
total
24 376
-
31 094
-
Employer
46 412
-
57 500
-
total
-
-
-
-
Corporate
11 088
57 500
-
-
municipal
432
2 243
-
-
nationa
2 661
13 800
-
-
total
3 093
16 043
-
-
Dividends
7 995
41 457
-
-
withholding
2 078
10 779
-
-
total
2 078
10 779
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 547
26 822
31 094
28 358
After tax
27 953
30 678
26 406
29 142
Living cost
22 036
22 036
22 036
22 036
Free-cash
5 917
8 642
4 370
7 106

Estimated living cost  is ₴22036 per week

₴15361
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17323
₴23018
₴16382
₴24644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
-
surtax
-
-
-
1 476
pensions
-
-
-
11 500
income
-
-
-
11 476
health
-
-
-
4 082
unemployment
-
-
-
119
total
-
-
-
28 653
Employee
17 270
-
47 502
-
pensions
1 152
-
3 168
-
income
2 895
-
10 583
-
other
-
-
-
-
health
441
-
1 212
-
unemployment
1 202
-
3 306
-
surtax
56
-
1 327
-
total
5 746
-
19 596
-
Employer
17 270
-
47 502
-
pensions
2 302
-
6 332
-
other
-
-
-
-
health
786
-
2 161
-
unemployment
547
-
1 505
-
total
3 635
-
9 998
-
Corporate
36 595
57 500
-
-
income
9 515
14 950
-
-
total
9 515
14 950
-
-
Dividends
27 080
42 550
-
-
withholding
4 062
6 382
-
-
total
4 062
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 958
21 332
29 594
28 653
After tax
34 542
36 168
27 906
28 847
Living cost
11 524
11 524
11 524
11 524
Free-cash
23 018
24 644
16 382
17 323

Estimated living cost  is ₴11524 per week

₴7046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17062
₴15445
₴11817
₴17664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 974
income
-
-
-
12 887
total
-
-
-
16 861
Employee
32 723
-
50 538
-
pensions
2 777
-
4 916
-
income
5 894
-
9 389
-
health
475
-
840
-
total
9 146
-
15 145
-
Employer
32 723
-
50 538
-
pensions
3 542
-
6 001
-
health
622
-
960
-
total
4 164
-
6 961
-
Corporate
20 613
57 500
-
-
income

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

3 916
10 924
-
-
total
3 916
10 924
-
-
Dividends
16 697
46 576
-
-
withholding
1 252
5 335
-
-
total
1 252
5 335
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 478
16 259
22 106
16 861
After tax
39 022
41 241
35 394
40 639
Living cost
23 577
23 577
23 577
23 577
Free-cash
15 445
17 664
11 817
17 062

Estimated living cost  is ₴23577 per week

₴17664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1767
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.
₴3899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6056
₴2373
₴3206
-₴15516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
405
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
pensions
-
-
-
5 291
city
-
-
-
606
health
-
-
-
136
regional
-
-
-
2 048
total
-
-
-
9 636
Employee
48 926
-
51 464
-
city
525
-
553
-
pensions
4 110
-
4 322
-
health
111
-
116
-
regional
1 602
-
1 740
-
unemployment
-
-
-
-
national
232
-
287
-
total
6 580
-
7 018
-
Employer
48 926
-
51 464
-
pensions
4 110
-
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.

978
-
1 030
-
health
111
-
116
-
unemployment
-
-
-
-
total
5 199
-
5 468
-
Corporate
2 837
57 500
-
-
national
242
4 888
-
-
regional
600
12 162
-
-
total
842
17 050
-
-
Dividends
1 995
40 451
-
-
withholding
698
14 158
-
-
total
698
14 158
-
-
Income
57 500
57 500
57 500
57 500
Total tax
13 319
31 208
12 486
9 636
After tax
44 181
26 292
45 014
47 864
Living cost
41 808
41 808
41 808
41 808
Free-cash
2 373
-15 516
3 206
6 056

Estimated living cost  is ₴41808 per week

₴27187
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴513
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10599
₴13012
₴16296
₴4542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
715
trade
-
-
-
5 697
income

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

-
-
-
12 998
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.

-
-
-
3 568
total
-
-
-
22 978
Employee

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

31 385
-
57 500
-
income

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

3 691
-
12 998
-
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.

3 568
-
3 568
-
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.

203
-
715
-
total
7 462
-
17 281
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 115
57 500
-
-
surtax

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

215
475
-
-
income
3 918
8 625
-
-
trade
4 478
9 862
-
-
chamber of commerce
116
161
-
-
total
8 727
19 123
-
-
Dividends
17 388
38 378
-
-
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.

228
516
-
-
withholding
4 148
9 396
-
-
total
4 376
9 912
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 565
29 035
17 281
22 978
After tax
36 935
28 465
40 219
34 522
Living cost
23 923
23 923
23 923
23 923
Free-cash
13 012
4 542
16 296
10 599

Estimated living cost  is ₴23923 per week

₴17473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1914
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15094
₴14198
₴17543
₴11114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
1 783
surtax
-
-
-
-
pensions
-
-
-
13 540
social contributions
-
-
-
1 638
income
-
-
-
6 223
health
-
-
-
1 355
total
-
-
-
24 539
Employee
22 350
-
46 378
-
pensions
2 527
-
2 400
-
income
1 319
-
7 248
-
social contributions
637
-
1 321
-
surtax
-
-
-
-
total
4 483
-
10 969
-
Employer
22 350
-
46 378
-
pensions
3 672
-
4 188
-
other
771
-
1 600
-
social contributions
67
-
139
-
health
1 565
-
3 316
-
unemployment
905
-
1 878
-
total
6 980
-
11 121
-
Corporate
28 170
57 500
-
-
surtax
-
-
-
-
income
7 888
16 100
-
-
total
7 888
16 100
-
-
Dividends
20 282
41 400
-
-
surtax
-
-
-
-
withholding
2 596
5 299
-
-
social contributions
3 488
7 120
-
-
total
6 084
12 419
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 435
28 519
22 090
24 539
After tax
32 065
28 981
35 410
32 961
Living cost
17 867
17 867
17 867
17 867
Free-cash
14 198
11 114
17 543
15 094

Estimated living cost  is ₴17867 per week

₴11266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1453
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16864
₴15784
₴19313
₴12884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
1 783
surtax
-
-
-
-
pensions
-
-
-
13 540
social contributions
-
-
-
1 638
income
-
-
-
6 223
health
-
-
-
1 355
total
-
-
-
24 539
Employee
19 951
-
46 378
-
pensions
2 257
-
2 400
-
income
1 029
-
7 248
-
social contributions
569
-
1 321
-
surtax
-
-
-
-
total
3 855
-
10 969
-
Employer
19 951
-
46 378
-
pensions
3 278
-
4 188
-
other
689
-
1 600
-
social contributions
59
-
139
-
health
1 396
-
3 316
-
unemployment
808
-
1 878
-
total
6 230
-
11 121
-
Corporate
31 319
57 500
-
-
surtax
-
-
-
-
income
8 770
16 100
-
-
total
8 770
16 100
-
-
Dividends
22 549
41 400
-
-
surtax
-
-
-
-
withholding
2 886
5 299
-
-
social contributions
3 878
7 120
-
-
total
6 764
12 419
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 619
28 519
22 090
24 539
After tax
31 881
28 981
35 410
32 961
Living cost
16 097
16 097
16 097
16 097
Free-cash
15 784
12 884
19 313
16 864

Estimated living cost  is ₴16097 per week

₴9335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25852
₴24276
₴25680
₴24006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
7 935
income
-
-
-
8 625
health
-
-
-
4 014
total
-
-
-
20 574
Employee
17 707
-
57 500
-
income
2 953
-
8 797
-
social contributions
2 444
-
7 935
-
health
1 236
-
4 014
-
total
6 633
-
20 746
-
Employer
17 707
-
57 500
-
total
-
-
-
-
Corporate
39 793
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%.

1 990
2 875
-
-
total
1 990
2 875
-
-
Dividends
37 803
54 625
-
-
health
2 639
3 812
-
-
withholding
5 671
8 194
-
-
social contributions
5 217
7 539
-
-
total
13 527
19 545
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 150
22 420
20 746
20 574
After tax
35 350
35 080
36 754
36 926
Living cost
11 074
11 074
11 074
11 074
Free-cash
24 276
24 006
25 680
25 852

Estimated living cost  is ₴11074 per week

₴7411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10280
₴12934
-₴1636
₴13743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
surtax
-
-
-
103
chamber of commerce
-
-
-
230
pensions
-
-
-
10 638
income
-
-
-
10 246
health
-
-
-
4 399
unemployment
-
-
-
3 203
total
-
-
-
28 819
Employee
26 098
20 811
44 570
-
pensions
2 673
2 131
4 564
-
income
2 971
1 535
9 087
-
other
261
208
446
-
health
1 010
806
1 724
-
unemployment
783
624
1 337
-
total
7 698
5 304
17 158
-
Employer
26 098
20 811
44 570
-
surtax
103
103
103
-
pensions
3 275
2 612
5 593
-
other
1 240
988
2 117
-
health
986
787
1 685
-
unemployment
783
624
1 337
-
chamber of commerce
104
83
178
-
payroll
783
624
1 337
-
accident
339
271
580
-
total
7 613
6 092
12 930
-
Corporate
23 789
30 596
42 588
-
income

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

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

5 947
7 649
10 647
-
total
5 947
7 649
10 647
-
Dividends
17 841
22 947
-
-
withholding
4 907
6 311
-
-
total
4 907
6 311
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 165
25 356
40 735
28 819
After tax
31 335
32 144
16 765
28 681
Living cost
18 401
18 401
18 401
18 401
Free-cash
12 934
13 743
-1 636
10 280

Estimated living cost  is ₴18401 per week

₴12273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
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.
₴4256
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7321
₴5356
₴3059
₴13189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 988
communal

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

-
-
-
2 895
social contributions
-
-
-
9 255
total
-
-
-
31 138
Employee

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

37 355
-
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.

2 802
-
3 340
-
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.

1 755
-
2 093
-
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.

325
-
387
-
national
11 484
-
14 293
-
communal

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

1 948
-
2 323
-
total
18 314
-
22 436
-
Employer

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

37 355
-
44 535
-
surtax
4 236
-
5 050
-
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.

3 310
-
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.

2 297
-
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.

545
-
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.

486
-
579
-
total
10 874
-
12 964
-
Corporate
9 271
57 500
-
-
surtax
37
230
-
-
income
1 854
11 500
-
-
total
1 891
11 730
-
-
Dividends
7 381
45 770
-
-
withholding

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

2 024
13 540
-
-
total
2 024
13 540
-
-
Income
57 500
57 500
57 500
57 500
Total tax
33 103
25 270
35 400
31 138
After tax
24 397
32 230
22 100
26 362
Living cost
19 041
19 041
19 041
19 041
Free-cash
5 356
13 189
3 059
7 321

Estimated living cost  is ₴19041 per week

₴12265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12476
₴15711
₴11124
₴19870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
49
pensions
-
-
-
13 698
income
-
-
-
11 642
accident
-
-
-
436
unemployment
-
-
-
339
total
-
-
-
26 164
Employee
25 995
-
43 600
-
pensions
1 222
-
2 049
-
income
5 485
-
10 847
-
other
26
-
44
-
unemployment
403
-
676
-
total
7 136
-
13 616
-
Employer
25 995
-
43 600
-
pensions
6 134
-
10 290
-
other
207
-
349
-
unemployment
1 430
-
2 398
-
accident
514
-
863
-
total
8 285
-
13 900
-
Corporate
23 219
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.

3 482
8 625
-
-
total
3 482
8 625
-
-
Dividends
19 737
48 875
-
-
withholding
4 026
10 145
-
-
total
4 026
10 145
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 929
18 770
27 516
26 164
After tax
34 571
38 730
29 984
31 336
Living cost
18 860
18 860
18 860
18 860
Free-cash
15 711
19 870
11 124
12 476

Estimated living cost  is ₴18860 per week

₴13888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3788
₴2809
₴6198
₴6624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
surtax
-
-
-
2 850
communal
-
-
-
3 634
pensions
-
-
-
8 619
income
-
-
-
5 704
accident
-
-
-
485
health
-
-
-
4 040
total
-
-
-
25 332
Employee
39 548
-
51 363
-
pensions
3 163
-
4 109
-
income
3 820
-
7 242
-
health
1 760
-
2 286
-
surtax
2 424
-
3 147
-
total
11 167
-
16 784
-
Employer
39 548
-
51 363
-
pensions
3 163
-
4 109
-
health
1 206
-
1 567
-
accident
356
-
462
-
total
4 725
-
6 138
-
Corporate
13 227
57 500
-
-
surtax
139
604
-
-
income
1 984
8 625
-
-
communal
-
3 881
-
-
total
2 123
13 110
-
-
Dividends
11 104
44 391
-
-
income
6 630
2 727
-
-
withholding
1 666
6 659
-
-
total
8 296
9 386
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 311
22 496
22 922
25 332
After tax
31 189
35 004
34 578
32 168
Living cost
28 380
28 380
28 380
28 380
Free-cash
2 809
6 624
6 198
3 788

Estimated living cost  is ₴28380 per week

₴21289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17117
₴22776
₴16176
₴24438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
-
surtax
-
-
-
1 476
pensions
-
-
-
11 500
income
-
-
-
11 476
health
-
-
-
4 082
unemployment
-
-
-
119
total
-
-
-
28 653
Employee
17 587
-
47 502
-
pensions
1 173
-
3 168
-
income
2 948
-
10 583
-
other
-
-
-
-
health
449
-
1 212
-
unemployment
1 224
-
3 306
-
surtax
62
-
1 327
-
total
5 856
-
19 596
-
Employer
17 587
-
47 502
-
pensions
2 345
-
6 332
-
other
-
-
-
-
health
800
-
2 161
-
unemployment
558
-
1 505
-
total
3 703
-
9 998
-
Corporate
36 211
57 500
-
-
income
9 415
14 950
-
-
total
9 415
14 950
-
-
Dividends
26 796
42 550
-
-
withholding
4 020
6 382
-
-
total
4 020
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 994
21 332
29 594
28 653
After tax
34 506
36 168
27 906
28 847
Living cost
11 730
11 730
11 730
11 730
Free-cash
22 776
24 438
16 176
17 117

Estimated living cost  is ₴11730 per week

₴7082
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1020
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.
₴3357
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14851
₴14996
₴12130
₴16155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
12 583
social contributions
-
-
-
14 789
municipal
-
-
-
342
regional
-
-
-
867
total
-
-
-
28 581
Employee
28 969
-
57 500
-
social contributions
9 768
-
19 389
-
municipal
154
-
305
-
regional
390
-
773
-
national
4 589
-
10 835
-
total
14 901
-
31 302
-
Employer
28 969
-
57 500
-
total
-
-
-
-
Corporate
28 531
57 500
-
-
municipal
1 418
2 858
-
-
nationa
6 848
13 800
-
-
total
8 266
16 658
-
-
Dividends
20 265
40 842
-
-
withholding
5 269
10 619
-
-
total
5 269
10 619
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 436
27 277
31 302
28 581
After tax
29 064
30 223
26 198
28 919
Living cost
14 068
14 068
14 068
14 068
Free-cash
14 996
16 155
12 130
14 851

Estimated living cost  is ₴14068 per week

₴8749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
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.
₴3653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12015
₴17895
₴13189
₴23599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
16 790
income
-
-
-
4 942
health
-
-
-
7 763
solidarity contribution
-
-
-
-
total
-
-
-
29 495
Employee
23 515
-
42 910
-
income
2 822
-
5 149
-
social contributions
1 528
-
2 789
-
solidarity contribution
-
-
-
-
health
3 174
-
5 793
-
total
7 524
-
13 731
-
Employer
23 515
-
42 910
-
social contributions
5 879
-
10 728
-
health
2 116
-
3 862
-
total
7 995
-
14 590
-
Corporate
25 990
57 500
-
-
income
4 938
10 925
-
-
total
4 938
10 925
-
-
Dividends
21 052
46 575
-
-
withholding
3 158
6 986
-
-
total
3 158
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
23 615
17 911
28 321
29 495
After tax
33 885
39 589
29 179
28 005
Living cost
15 990
15 990
15 990
15 990
Free-cash
17 895
23 599
13 189
12 015

Estimated living cost  is ₴15990 per week

₴11891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
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.
₴2936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12123
₴15281
₴122
₴15540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
surtax
-
-
-
-
chamber of commerce
-
-
-
230
pensions
-
-
-
10 638
income
-
-
-
10 246
health
-
-
-
4 399
unemployment
-
-
-
3 203
total
-
-
-
28 716
Employee
22 828
20 811
44 649
-
pensions
2 338
2 131
4 573
-
income
2 034
1 535
9 112
-
other
228
208
447
-
health
883
806
1 728
-
unemployment
685
624
1 340
-
total
6 168
5 304
17 200
-
Employer
22 828
20 811
44 649
-
surtax
-
-
-
-
pensions
2 865
2 612
5 603
-
other
1 084
988
2 121
-
health
863
787
1 688
-
unemployment
685
624
1 340
-
chamber of commerce
91
83
178
-
payroll
685
624
1 340
-
accident
296
271
581
-
total
6 569
5 989
12 851
-
Corporate
28 103
30 699
42 667
-
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.

7 025
7 674
10 666
-
total
7 025
7 674
10 666
-
Dividends
21 077
23 024
-
-
withholding
5 796
6 332
-
-
total
5 796
6 332
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 558
25 299
40 717
28 716
After tax
31 942
32 201
16 783
28 784
Living cost
16 661
16 661
16 661
16 661
Free-cash
15 281
15 540
122
12 123

Estimated living cost  is ₴16661 per week

₴9994
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1702
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.
₴4668
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50314
₴46774
₴39389
₴48014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
microenterprise

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

-
-
-
575
total
-
-
-
575
Employee
8 263
-
57 500
-
income
1 653
-
11 500
-
total
1 653
-
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%.

49 237
57 500
-
-
total
-
-
-
-
Dividends
49 237
57 500
-
-
withholding
2 462
2 875
-
-
total
2 462
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
4 115
2 875
11 500
575
After tax
53 385
54 625
46 000
56 925
Living cost
6 611
6 611
6 611
6 611
Free-cash
46 774
48 014
39 389
50 314

Estimated living cost  is ₴6611 per week

₴4473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴277
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15511
₴21214
₴13864
₴25581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 501
income
-
-
-
11 737
health
-
-
-
5 658
unemployment
-
-
-
86
total
-
-
-
27 982
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.

23 093
-
49 754
-
pensions
3 580
-
7 712
-
income
3 982
-
10 888
-
health
1 491
-
3 214
-
unemployment
33
-
69
-
total
9 086
-
21 883
-
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.

23 093
-
49 754
-
pensions
2 043
-
4 403
-
health
1 538
-
3 313
-
unemployment
14
-
30
-
total
3 595
-
7 746
-
Corporate
30 812
57 500
-
-
income
5 854
10 925
-
-
total
5 854
10 925
-
-
Dividends
24 958
46 575
-
-
withholding
3 744
6 987
-
-
total
3 744
6 987
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 279
17 912
29 629
27 982
After tax
35 221
39 588
27 871
29 518
Living cost
14 007
14 007
14 007
14 007
Free-cash
21 214
25 581
13 864
15 511

Estimated living cost  is ₴14007 per week

₴9613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15731
-₴25457
₴26175
₴10977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
6 555
income
-
-
-
11 208
total
-
-
-
17 763
Employee
34 422
-
-
-
income
7 593
-
-
-
social contributions
2 823
-
402
-
total
10 416
-
402
-
Employer
34 422
-
-
-
social contributions
48 535
-
6 917
-
total
48 535
-
6 917
-
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
58 951
22 517
7 319
17 763
After tax
-1 451
34 983
50 181
39 737
Living cost
24 006
24 006
24 006
24 006
Free-cash
-25 457
10 977
26 175
15 731

Estimated living cost  is ₴24006 per week

₴15576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15524
₴15800
₴12267
₴16325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
19 981
income
-
-
-
5 614
total
-
-
-
25 595
Employee
24 018
-
46 465
-
income
4 996
-
12 706
-
social contributions
2 642
-
5 111
-
surtax
-
-
-
-
total
7 638
-
17 817
-
Employer
24 018
-
46 465
-
social contributions
5 704
-
11 035
-
total
5 704
-
11 035
-
Corporate
27 777
57 500
-
-
surtax
-
-
-
-
income
5 833
12 075
-
-
total
5 833
12 075
-
-
Dividends
21 944
45 425
-
-
withholding
6 144
12 719
-
-
total
6 144
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 319
24 794
28 852
25 595
After tax
32 181
32 706
28 648
31 905
Living cost
16 381
16 381
16 381
16 381
Free-cash
15 800
16 325
12 267
15 524

Estimated living cost  is ₴16381 per week

₴12256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7738
₴7347
₴10187
₴3758
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
1 783
surtax
-
-
-
-
pensions
-
-
-
13 540
social contributions
-
-
-
1 638
income
-
-
-
6 223
health
-
-
-
1 355
total
-
-
-
24 539
Employee
32 708
-
46 378
-
pensions
3 699
-
2 400
-
income
2 854
-
7 248
-
social contributions
932
-
1 321
-
surtax
-
-
-
-
total
7 485
-
10 969
-
Employer
32 708
-
46 378
-
pensions
5 374
-
4 188
-
other
1 129
-
1 600
-
social contributions
98
-
139
-
health
2 289
-
3 316
-
unemployment
1 325
-
1 878
-
total
10 215
-
11 121
-
Corporate
14 577
57 500
-
-
surtax
-
-
-
-
income
4 081
16 100
-
-
total
4 081
16 100
-
-
Dividends
10 496
41 400
-
-
surtax
-
-
-
-
withholding
1 344
5 299
-
-
social contributions
1 805
7 120
-
-
total
3 149
12 419
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 930
28 519
22 090
24 539
After tax
32 570
28 981
35 410
32 961
Living cost
25 223
25 223
25 223
25 223
Free-cash
7 347
3 758
10 187
7 738

Estimated living cost  is ₴25223 per week

₴17070
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27838
₴34299
₴29366
₴36052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 314
total
-
-
-
13 964
Employee
16 789
-
49 784
-
social contributions
1 091
-
3 236
-
income
-
-
1 484
-
total
1 091
-
4 720
-
Employer
16 789
-
49 784
-
social contributions
2 602
-
7 716
-
total
2 602
-
7 716
-
Corporate
38 109
57 500
-
-
income
3 810
5 750
-
-
total
3 810
5 750
-
-
Dividends
34 298
51 750
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
7 503
5 750
12 436
13 964
After tax
49 997
51 750
45 064
43 536
Living cost
15 698
15 698
15 698
15 698
Free-cash
34 299
36 052
29 366
27 838

Estimated living cost  is ₴15698 per week

₴10150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1183
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10236
-₴56101
-₴56101
-₴56101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 180
labour market
-
-
-
4 564
pensions
-
-
-
452
municipal
-
-
-
10 958
total
-
-
-
22 154
Employee
105 985
105 985
105 985
-
pensions
151
151
151
-
labour market
8 467
8 467
8 467
-
municipal
22 569
22 569
22 569
-
national
12 948
12 948
12 948
-
total
44 135
44 135
44 135
-
Employer
105 985
105 985
105 985
-
labour market
8 479
8 479
8 479
-
pensions
301
301
301
-
national
12 971
12 971
12 971
-
municipal
22 605
22 605
22 605
-
total
44 356
44 356
44 356
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
88 491
88 491
88 491
22 154
After tax
-30 991
-30 991
-30 991
35 346
Living cost
25 110
25 110
25 110
25 110
Free-cash
-56 101
-56 101
-56 101
10 236

Estimated living cost  is ₴25110 per week

₴17186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2221
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴386
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27919
₴2890
₴18447
-₴6861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
197
pensions
-
-
-
2 211
income
-
-
-
14 362
accident
-
-
-
134
health
-
-
-
1 159
total
-
-
-
18 063
Employee
18 118
-
49 602
-
pensions
2 040
-
4 054
-
income
2 486
-
9 904
-
health
2 075
-
5 680
-
total
6 601
-
19 638
-
Employer
18 118
-
49 602
-
pensions
2 946
-
5 854
-
unemployment
444
-
1 215
-
accident
303
-
828
-
total
3 693
-
7 897
-
Corporate
35 689
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.

32 120
51 750
-
-
total
32 120
51 750
-
-
Dividends
3 569
5 750
-
-
withholding
678
1 093
-
-
total
678
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 092
52 843
27 535
18 063
After tax
14 408
4 657
29 965
39 437
Living cost
11 518
11 518
11 518
11 518
Free-cash
2 890
-6 861
18 447
27 919

Estimated living cost  is ₴11518 per week

₴8384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20191
₴17190
₴12306
₴17779
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 362
municipal
-
-
-
10 229
health
-
-
-
668
total
-
-
-
17 259
Employee
27 475
-
48 372
-
pensions
1 854
-
3 265
-
health
205
-
527
-
municipal
4 500
-
7 893
-
unemployment
412
-
725
-
national
454
-
3 605
-
total
7 425
-
16 015
-
Employer
27 475
-
48 372
-
pensions
4 767
-
8 393
-
health
211
-
373
-
unemployment
178
-
314
-
accident
28
-
49
-
total
5 184
-
9 129
-
Corporate
24 841
57 500
-
-
income
4 968
11 500
-
-
total
4 968
11 500
-
-
Dividends

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

14 904
34 500
-
-
municipal
2 683
6 210
-
-
national
-
1 961
-
-
total
2 683
8 171
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 260
19 671
25 144
17 259
After tax
37 240
37 829
32 356
40 241
Living cost
20 050
20 050
20 050
20 050
Free-cash
17 190
17 779
12 306
20 191

Estimated living cost  is ₴20050 per week

₴13096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28344
₴27127
₴27922
₴29969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
8 449
income
-
-
-
7 149
health
-
-
-
1 467
total
-
-
-
17 065
Employee
40 157
40 157
52 202
-
income
4 372
3 717
6 969
-
social contributions
1 518
3 333
4 333
-
health
311
683
887
-
total
6 201
7 733
12 189
-
Employer
40 157
40 157
52 202
-
social contributions
1 518
3 333
4 333
-
health
338
743
965
-
total
1 856
4 076
5 298
-
Corporate
37 351
13 267
-
-
income
4 669
1 658
-
-
total
4 669
1 658
-
-
Dividends
32 682
11 609
-
-
withholding
5 556
1 973
-
-
total
5 556
1 973
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 282
15 440
17 487
17 065
After tax
39 218
42 060
40 013
40 435
Living cost
12 091
12 091
12 091
12 091
Free-cash
27 127
29 969
27 922
28 344

Estimated living cost  is ₴12091 per week

₴7246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38416
₴36669
₴27942
₴39325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 322
income
-
-
-
5 566
health
-
-
-
1 890
unemployment
-
-
-
15
total
-
-
-
10 793
Employee

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

11 987
-
52 396
-
pensions
1 798
-
7 433
-
income
820
-
4 270
-
health
1 019
-
4 212
-
unemployment
59
-
248
-
total
3 696
-
16 163
-
Employer

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

11 987
-
52 396
-
pensions
659
-
2 725
-
health
515
-
2 131
-
unemployment
59
-
248
-
total
1 233
-
5 104
-
Corporate
44 279
57 500
-
-
income
3 985
5 175
-
-
total
3 985
5 175
-
-
Dividends
40 294
52 325
-
-
withholding
3 626
4 709
-
-
total
3 626
4 709
-
-
Income
57 500
57 500
57 500
57 500
Total tax
12 540
9 884
21 267
10 793
After tax
44 960
47 616
36 233
46 707
Living cost
8 291
8 291
8 291
8 291
Free-cash
36 669
39 325
27 942
38 416

Estimated living cost  is ₴8291 per week

₴5290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴598
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.
₴2156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16975
₴21629
₴15623
₴24369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
49
pensions
-
-
-
13 698
income
-
-
-
11 642
accident
-
-
-
436
unemployment
-
-
-
339
total
-
-
-
26 164
Employee
19 310
-
43 600
-
pensions
908
-
2 049
-
income
3 723
-
10 847
-
other
19
-
44
-
unemployment
299
-
676
-
total
4 949
-
13 616
-
Employer
19 310
-
43 600
-
pensions
4 557
-
10 290
-
other
155
-
349
-
unemployment
1 062
-
2 398
-
accident
383
-
863
-
total
6 157
-
13 900
-
Corporate
32 034
57 500
-
-
income

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

4 805
8 625
-
-
total
4 805
8 625
-
-
Dividends
27 229
48 875
-
-
withholding
5 599
10 145
-
-
total
5 599
10 145
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 510
18 770
27 516
26 164
After tax
35 990
38 730
29 984
31 336
Living cost
14 361
14 361
14 361
14 361
Free-cash
21 629
24 369
15 623
16 975

Estimated living cost  is ₴14361 per week

₴9693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35886
₴34788
₴35820
₴34942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
684
income
-
-
-
19 496
health
-
-
-
496
total
-
-
-
20 676
Employee
1 429
-
56 730
-
pensions
129
-
308
-
income
276
-
19 460
-
health
71
-
171
-
unemployment
14
-
34
-
total
490
-
19 973
-
Employer
1 429
-
56 730
-
pensions
157
-
376
-
health
136
-
325
-
unemployment
29
-
68
-
total
322
-
769
-
Corporate
55 750
57 500
-
-
income
12 265
12 650
-
-
total
12 265
12 650
-
-
Dividends
43 485
44 850
-
-
withholding
8 697
8 970
-
-
total
8 697
8 970
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 774
21 620
20 742
20 676
After tax
35 726
35 880
36 758
36 824
Living cost
938
938
938
938
Free-cash
34 788
34 942
35 820
35 886

Estimated living cost  is ₴938 per week

₴557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴76
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22049
₴29961
₴22049
₴32526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 020
income
-
-
-
11 866
health
-
-
-
3 969
unemployment
-
-
-
578
total
-
-
-
26 433
Employee

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

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

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

13 598
-
50 602
-
pensions
1 904
-
5 395
-
income
1 874
-
11 866
-
health
700
-
1 985
-
unemployment
102
-
289
-
total
4 580
-
19 535
-
Employer

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

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

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

13 598
-
50 602
-
pensions
1 632
-
4 624
-
health
700
-
1 985
-
unemployment
102
-
289
-
total
2 434
-
6 898
-
Corporate
41 468
57 500
-
-
income
6 220
8 625
-
-
total
6 220
8 625
-
-
Dividends
35 247
48 875
-
-
withholding
5 287
7 331
-
-
total
5 287
7 331
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 521
15 956
26 433
26 433
After tax
38 979
41 544
31 067
31 067
Living cost
9 018
9 018
9 018
9 018
Free-cash
29 961
32 526
22 049
22 049

Estimated living cost  is ₴9018 per week

₴6072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1988
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17826
₴18440
₴14569
₴18627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
19 981
income
-
-
-
5 614
total
-
-
-
25 595
Employee
20 269
-
46 465
-
income
3 960
-
12 706
-
social contributions
2 230
-
5 111
-
surtax
-
-
-
-
total
6 190
-
17 817
-
Employer
20 269
-
46 465
-
social contributions
4 813
-
11 035
-
total
4 813
-
11 035
-
Corporate
32 418
57 500
-
-
surtax
-
-
-
-
income
6 807
12 075
-
-
total
6 807
12 075
-
-
Dividends
25 611
45 425
-
-
withholding
7 171
12 719
-
-
total
7 171
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 981
24 794
28 852
25 595
After tax
32 519
32 706
28 648
31 905
Living cost
14 079
14 079
14 079
14 079
Free-cash
18 440
18 627
14 569
17 826

Estimated living cost  is ₴14079 per week

₴9972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12983
₴16395
₴11631
₴20377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
49
pensions
-
-
-
13 698
income
-
-
-
11 642
accident
-
-
-
436
unemployment
-
-
-
339
total
-
-
-
26 164
Employee
25 221
-
43 600
-
pensions
1 185
-
2 049
-
income
5 268
-
10 847
-
other
25
-
44
-
unemployment
390
-
676
-
total
6 868
-
13 616
-
Employer
25 221
-
43 600
-
pensions
5 952
-
10 290
-
other
202
-
349
-
unemployment
1 387
-
2 398
-
accident
499
-
863
-
total
8 040
-
13 900
-
Corporate
24 238
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.

3 636
8 625
-
-
total
3 636
8 625
-
-
Dividends
20 602
48 875
-
-
withholding
4 208
10 145
-
-
total
4 208
10 145
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 752
18 770
27 516
26 164
After tax
34 748
38 730
29 984
31 336
Living cost
18 353
18 353
18 353
18 353
Free-cash
16 395
20 377
11 631
12 983

Estimated living cost  is ₴18353 per week

₴13181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
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.
₴3487
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35103
₴37069
₴36994
₴40232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 684
income
-
-
-
8 625
health
-
-
-
2 085
unemployment
-
-
-
73
total
-
-
-
13 467
Employee
11 825
-
53 942
-
pensions

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

1 038
-
1 592
-
accident

We are using the highest rate at 1.1%.

130
-
199
-
income
1 183
-
5 394
-
health
544
-
834
-
total
2 895
-
8 019
-
Employer
11 825
-
53 942
-
pensions

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

1 303
-
1 998
-
health
816
-
1 251
-
unemployment
71
-
109
-
accident

We are using the highest rate at 1.1%.

130
-
199
-
total
2 320
-
3 557
-
Corporate
43 355
57 500
-
-
income
4 335
5 750
-
-
total
4 335
5 750
-
-
Dividends
39 019
51 750
-
-
withholding
1 951
2 588
-
-
total
1 951
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 501
8 338
11 576
13 467
After tax
45 999
49 162
45 924
44 033
Living cost
8 930
8 930
8 930
8 930
Free-cash
37 069
40 232
36 994
35 103

Estimated living cost  is ₴8930 per week

₴5907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴511
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.
₴2300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15290
₴16318
₴20057
₴9486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
715
trade
-
-
-
4 767
income

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

-
-
-
12 998
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.

-
-
-
3 568
total
-
-
-
22 048
Employee

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

25 984
-
57 500
-
income

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

2 137
-
12 998
-
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.

3 568
-
3 568
-
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
-
715
-
total
5 823
-
17 281
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 516
57 500
-
-
surtax

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

260
475
-
-
income
4 727
8 625
-
-
trade
4 523
8 251
-
-
chamber of commerce
126
164
-
-
total
9 636
17 515
-
-
Dividends
21 880
39 986
-
-
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
539
-
-
withholding
5 271
9 798
-
-
total
5 561
10 337
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 020
27 852
17 281
22 048
After tax
36 480
29 648
40 219
35 452
Living cost
20 162
20 162
20 162
20 162
Free-cash
16 318
9 486
20 057
15 290

Estimated living cost  is ₴20162 per week

₴13908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8159
₴11655
₴8159
₴10501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
14 368
social contributions
-
-
-
5 225
total
-
-
-
19 593
Employee
40 850
-
57 500
-
income
7 708
-
14 368
-
social contributions
3 394
-
5 225
-
total
11 102
-
19 593
-
Employer
40 850
-
57 500
-
total
-
-
-
-
Corporate
16 650
57 500
-
-
income
2 081
7 188
-
-
total
2 081
7 188
-
-
Dividends
14 569
50 312
-
-
withholding
2 914
10 063
-
-
total
2 914
10 063
-
-
Income
57 500
57 500
57 500
57 500
Total tax
16 097
17 251
19 593
19 593
After tax
41 403
40 249
37 907
37 907
Living cost
29 748
29 748
29 748
29 748
Free-cash
11 655
10 501
8 159
8 159

Estimated living cost  is ₴29748 per week

₴22632
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2424
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.
₴4408
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20517
₴17485
₴23355
₴15659
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 865
health

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

-
-
-
3 161
total
-
-
-
18 026
Employee
23 957
-
55 098
-
social contributions
2 400
-
2 402
-
income
2 599
-
10 384
-
total
4 999
-
12 786
-
Employer
23 957
-
55 098
-
social contributions
2 400
-
2 402
-
total
2 400
-
2 402
-
Corporate
31 143
57 500
-
-
income
10 900
20 125
-
-
total
10 900
20 125
-
-
Dividends
20 243
37 375
-
-
social contributions
2 759
2 759
-
-
total
2 759
2 759
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 058
22 884
15 188
18 026
After tax
36 442
34 616
42 312
39 474
Living cost
18 957
18 957
18 957
18 957
Free-cash
17 485
15 659
23 355
20 517

Estimated living cost  is ₴18957 per week

₴12487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1494
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.
₴4685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21472
₴21003
₴16227
₴22074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 974
income
-
-
-
12 887
total
-
-
-
16 861
Employee
26 310
-
50 538
-
pensions
2 008
-
4 916
-
income
4 791
-
9 389
-
health
343
-
840
-
total
7 142
-
15 145
-
Employer
26 310
-
50 538
-
pensions
2 658
-
6 001
-
health
500
-
960
-
total
3 158
-
6 961
-
Corporate
28 032
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.

5 326
10 924
-
-
total
5 326
10 924
-
-
Dividends
22 706
46 576
-
-
withholding
1 704
5 335
-
-
total
1 704
5 335
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 330
16 259
22 106
16 861
After tax
40 170
41 241
35 394
40 639
Living cost
19 167
19 167
19 167
19 167
Free-cash
21 003
22 074
16 227
21 472

Estimated living cost  is ₴19167 per week

₴13148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1763
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.
₴4015
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26779
₴2714
₴17307
-₴8001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
197
pensions
-
-
-
2 211
income
-
-
-
14 362
accident
-
-
-
134
health
-
-
-
1 159
total
-
-
-
18 063
Employee
19 912
-
49 602
-
pensions
2 242
-
4 054
-
income
2 732
-
9 904
-
health
2 280
-
5 680
-
total
7 254
-
19 638
-
Employer
19 912
-
49 602
-
pensions
3 238
-
5 854
-
unemployment
488
-
1 215
-
accident
333
-
828
-
total
4 059
-
7 897
-
Corporate
33 530
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.

30 178
51 750
-
-
total
30 178
51 750
-
-
Dividends
3 353
5 750
-
-
withholding
637
1 093
-
-
total
637
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
42 128
52 843
27 535
18 063
After tax
15 372
4 657
29 965
39 437
Living cost
12 658
12 658
12 658
12 658
Free-cash
2 714
-8 001
17 307
26 779

Estimated living cost  is ₴12658 per week

₴9290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2376
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴25683
₴39296
₴30028
₴41342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 580
work injury
-
-
-
287
health insurance
-
-
-
4 255
income
-
-
-
8 961
unemployment
-
-
-
690
total
-
-
-
24 773
Employee

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

11 270
-
57 500
-
pensions
2 074
-
7 673
-
income
1 127
-
8 961
-
health insurance
834
-
3 086
-
unemployment
135
-
500
-
work injury
56
-
208
-
total
4 226
-
20 428
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 230
57 500
-
-
income

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

-
575
-
-
total
-
575
-
-
Dividends
46 230
56 925
-
-
withholding
6 934
8 539
-
-
total
6 934
8 539
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 160
9 114
20 428
24 773
After tax
46 340
48 386
37 072
32 727
Living cost
7 044
7 044
7 044
7 044
Free-cash
39 296
41 342
30 028
25 683

Estimated living cost  is ₴7044 per week

₴4364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7742
₴7107
₴5113
₴9482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
12 583
social contributions
-
-
-
14 789
municipal
-
-
-
385
regional
-
-
-
1 197
total
-
-
-
28 954
Employee
44 006
-
57 500
-
social contributions
14 839
-
19 389
-
municipal
263
-
343
-
regional
664
-
1 016
-
national
7 437
-
10 835
-
total
23 203
-
31 583
-
Employer
44 006
-
57 500
-
total
-
-
-
-
Corporate
13 494
57 500
-
-
municipal
650
2 772
-
-
nationa
3 239
13 800
-
-
total
3 889
16 572
-
-
Dividends
9 605
40 928
-
-
withholding
2 497
10 642
-
-
total
2 497
10 642
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 589
27 214
31 583
28 954
After tax
27 911
30 286
25 917
28 546
Living cost
20 804
20 804
20 804
20 804
Free-cash
7 107
9 482
5 113
7 742

Estimated living cost  is ₴20804 per week

₴14614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
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.
₴4445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close