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
₴19248
₴13607
₴24586
₴19264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
trade
-
-
-
5 322
income

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

-
-
-
13 254
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.

-
-
-
3 484
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.

-
-
-
729
total
-
-
-
22 789
Employee

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

19 506
-
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.

30
-
729
-
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.

3 484
-
3 484
-
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.

545
-
13 254
-
total
4 059
-
17 467
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 994
57 500
-
-
trade
5 984
9 057
-
-
income
5 699
8 625
-
-
surtax

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

314
474
-
-
chamber of commerce
132
160
-
-
total
12 129
18 316
-
-
Dividends
25 866
39 184
-
-
withholding
6 272
9 602
-
-
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.

345
528
-
-
total
6 617
10 130
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 805
28 446
17 467
22 789
After tax
34 695
29 054
40 033
34 711
Living cost
15 447
15 447
15 447
15 447
Free-cash
19 248
13 607
24 586
19 264

Estimated living cost  is ₴15447 per week

₴9717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1801
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8988
₴9428
₴8543
₴8092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
618
pensions
-
-
-
6 900
municipal
-
-
-
6 055
national
-
-
-
9 383
total
-
-
-
22 956
Employee
41 006
-
49 708
-
national
7 849
-
9 728
-
municipal
5 065
-
6 278
-
pensions
1 640
-
1 988
-
total
14 554
-
17 994
-
Employer
41 006
-
49 708
-
pensions
3 280
-
3 977
-
social contributions
441
-
534
-
total
3 721
-
4 511
-
Corporate
10 066
57 500
-
-
income

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

2 013
11 500
-
-
total
2 013
11 500
-
-
Dividends
8 053
46 000
-
-
withholding
1 772
10 120
-
-
total
1 772
10 120
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 060
21 620
22 505
22 956
After tax
35 440
35 880
34 995
34 544
Living cost
26 452
26 452
26 452
26 452
Free-cash
8 988
9 428
8 543
8 092

Estimated living cost  is ₴26452 per week

₴17979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31207
₴35390
₴21725
₴20011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
57 500
social contributions

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

-
-
-
18 486
income
-
-
-
8 393
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
26 879
Employee
14 902
-
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.

1 639
-
5 097
-
income
2 653
-
8 905
-
total
4 292
-
14 002
-
Employer
14 902
-
46 337
-
social contributions

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

3 590
-
11 163
-
surtax
-
-
-
-
total
3 590
-
11 163
-
Corporate
39 008
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%.

7 801
11 500
-
-
total
7 801
11 500
-
-
Dividends

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

31 207
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
15 683
11 500
25 165
26 879
After tax
41 817
46 000
32 335
30 621
Living cost
10 610
10 610
10 610
10 610
Free-cash
31 207
35 390
21 725
20 011

Estimated living cost  is ₴10610 per week

₴6769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1010
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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3497
₴6621
₴8471
₴11429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
12 443
pensions
-
-
-
5 975
health
-
-
-
6 289
total
-
-
-
24 707
Employee
43 551
43 551
48 932
-
health
6 685
5 686
5 993
-
pensions
7 839
5 975
5 975
-
income

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

7 129
7 129
7 129
-
total
21 653
18 790
19 097
-
Employer
43 551
43 551
48 932
-
pensions
3 031
3 031
3 406
-
unemployment
1 568
1 568
1 761
-
health
3 027
3 027
3 401
-
total
7 626
7 626
8 568
-
Corporate
6 857
6 323
-
-
income
1 371
1 265
-
-
total
1 371
1 265
-
-
Dividends
5 486
5 058
-
-
withholding
823
759
-
-
income
1 166
1 075
-
-
total
1 989
1 834
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 639
29 515
27 665
24 707
After tax
24 861
27 985
29 835
32 793
Living cost
21 364
21 364
21 364
21 364
Free-cash
3 497
6 621
8 471
11 429

Estimated living cost  is ₴21364 per week

₴15140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9471
₴9953
₴9263
₴9357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
5 461
unemployment
-
-
-
47
pensions
-
-
-
5 080
municipal
-
-
-
13 087
accident
-
-
-
94
national
-
-
-
-
health
-
-
-
2 932
total
-
-
-
26 701
Employee
30 552
-
43 753
-
national
-
-
-
-
municipal
9 111
-
13 047
-
total
9 111
-
13 047
-
Employer
30 552
-
43 753
-
other
3 550
-
5 084
-
accident
61
-
88
-
pensions
3 303
-
4 730
-
unemployment
807
-
1 155
-
health
1 879
-
2 691
-
total
9 600
-
13 748
-
Corporate
17 348
57 500
-
-
income
3 817
12 650
-
-
total
3 817
12 650
-
-
Dividends
13 532
44 850
-
-
withholding
4 059
13 455
-
-
total
4 059
13 455
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 587
26 105
26 795
26 701
After tax
30 913
31 395
30 705
30 799
Living cost
21 442
21 442
21 442
21 442
Free-cash
9 471
9 953
9 263
9 357

Estimated living cost  is ₴21442 per week

₴14211
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15889
₴8724
₴19999
₴14441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
trade
-
-
-
5 558
income

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

-
-
-
13 254
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.

-
-
-
3 484
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.

-
-
-
729
total
-
-
-
23 025
Employee

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

25 862
-
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.

122
-
729
-
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.

3 484
-
3 484
-
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.

2 222
-
13 254
-
total
5 828
-
17 467
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 638
57 500
-
-
trade
5 205
9 458
-
-
income
4 746
8 625
-
-
surtax

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

261
474
-
-
chamber of commerce
122
160
-
-
total
10 334
18 717
-
-
Dividends
21 303
38 783
-
-
withholding
5 132
9 502
-
-
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.

283
523
-
-
total
5 415
10 025
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 577
28 742
17 467
23 025
After tax
35 923
28 758
40 033
34 475
Living cost
20 034
20 034
20 034
20 034
Free-cash
15 889
8 724
19 999
14 441

Estimated living cost  is ₴20034 per week

₴13399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23395
₴25510
₴23304
₴23865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 251
income
-
-
-
7 377
health
-
-
-
1 466
total
-
-
-
17 094
Employee
39 216
39 216
52 201
-
health
390
667
887
-
social contributions
1 906
3 255
4 333
-
income
4 118
3 630
7 136
-
total
6 414
7 552
12 356
-
Employer
39 216
39 216
52 201
-
social contributions
1 906
3 255
4 333
-
health
425
726
966
-
total
2 331
3 981
5 299
-
Corporate
32 215
14 304
-
-
income
4 027
1 788
-
-
total
4 027
1 788
-
-
Dividends
28 188
12 516
-
-
withholding
4 792
2 128
-
-
total
4 792
2 128
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 564
15 449
17 655
17 094
After tax
39 936
42 051
39 845
40 406
Living cost
16 541
16 541
16 541
16 541
Free-cash
23 395
25 510
23 304
23 865

Estimated living cost  is ₴16541 per week

₴11308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3664
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23103
₴22905
₴23867
₴30368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
862
income
-
-
-
7 029
pensions
-
-
-
5 750
health
-
-
-
4 025
total
-
-
-
17 666
Employee

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

The minimum wage is 138,000 HUF per month.

13 665
5 438
48 117
-
unemployment
205
82
722
-
health
957
381
3 368
-
pensions
1 366
544
4 812
-
income
1 671
665
5 882
-
total
4 199
1 672
14 784
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 665
5 438
48 117
-
pensions
2 665
1 061
9 383
-
total
2 665
1 061
9 383
-
Corporate
41 170
51 001
-
-
income
3 705
4 590
-
-
total
3 705
4 590
-
-
Dividends
37 465
46 411
-
-
withholding
7 118
8 818
-
-
social contributions
7 244
8 988
-
-
total
14 362
17 806
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 931
25 129
24 167
17 666
After tax
32 569
32 371
33 333
39 834
Living cost
9 466
9 466
9 466
9 466
Free-cash
23 103
22 905
23 867
30 368

Estimated living cost  is ₴9466 per week

₴6460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴775
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴30515
₴33682
₴20825
₴18502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
7 705
pensions
-
-
-
11 500
health
-
-
-
7 475
total
-
-
-
26 680
Employee
14 468
-
42 974
-
unemployment
231
-
687
-
pensions
289
-
859
-
income
1 629
-
8 285
-
total
2 149
-
9 831
-
Employer
14 468
-
42 974
-
pensions
2 894
-
8 595
-
unemployment
116
-
344
-
health
1 880
-
5 587
-
total
4 890
-
14 526
-
Corporate
38 142
57 500
-
-
income
7 628
11 500
-
-
total
7 628
11 500
-
-
Dividends
30 514
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 667
11 500
24 357
26 680
After tax
42 833
46 000
33 143
30 820
Living cost
12 318
12 318
12 318
12 318
Free-cash
30 515
33 682
20 825
18 502

Estimated living cost  is ₴12318 per week

₴8449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2903
-₴6785
₴18593
₴27989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
14 447
pensions
-
-
-
2 164
accident
-
-
-
131
health
-
-
-
1 134
total
-
-
-
18 069
Employee
18 000
-
49 721
-
health
2 061
-
5 693
-
pensions
2 027
-
3 968
-
income
2 469
-
10 026
-
total
6 557
-
19 687
-
Employer
18 000
-
49 721
-
accident
300
-
830
-
pensions
2 927
-
5 730
-
unemployment
441
-
1 218
-
total
3 668
-
7 778
-
Corporate
35 832
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.

32 249
51 750
-
-
total
32 249
51 750
-
-
Dividends
3 583
5 750
-
-
withholding
681
1 093
-
-
total
681
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 155
52 843
27 465
18 069
After tax
14 345
4 657
30 035
39 431
Living cost
11 442
11 442
11 442
11 442
Free-cash
2 903
-6 785
18 593
27 989

Estimated living cost  is ₴11442 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49617
₴50408
₴41783
₴52708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 271
-
57 500
-
income
1 054
-
11 500
-
total
1 054
-
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%.

52 229
57 500
-
-
total
-
-
-
-
Dividends
52 229
57 500
-
-
withholding
2 612
2 875
-
-
total
2 612
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
3 666
2 875
11 500
575
After tax
53 834
54 625
46 000
56 925
Living cost
4 217
4 217
4 217
4 217
Free-cash
49 617
50 408
41 783
52 708

Estimated living cost  is ₴4217 per week

₴2613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25213
₴28656
₴19774
₴17398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other
-
-
-
2 731
income
-
-
-
7 452
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
health
-
-
-
2 530
total
-
-
-
26 513
Employee
18 517
-
45 925
-
unemployment
185
-
460
-
health
259
-
643
-
pensions

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

1 296
-
3 215
-
income
3 188
-
8 244
-
total
4 928
-
12 562
-
Employer
18 517
-
45 925
-
other
926
-
2 297
-
accident
148
-
368
-
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.

3 148
-
7 807
-
unemployment
185
-
460
-
health
259
-
643
-
total
4 666
-
11 575
-
Corporate
34 316
57 500
-
-
income
7 206
12 075
-
-
total
7 206
12 075
-
-
Dividends
27 110
45 425
-
-
withholding
1 898
3 180
-
-
total
1 898
3 180
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 698
15 255
24 137
26 513
After tax
38 802
42 245
33 363
30 987
Living cost
13 589
13 589
13 589
13 589
Free-cash
25 213
28 656
19 774
17 398

Estimated living cost  is ₴13589 per week

₴9602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2236
₴7177
₴1331
₴6629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
13 061
pensions
-
-
-
3 924
total
-
-
-
16 985
Employee
47 944
-
50 524
-
health
790
-
842
-
pensions
4 625
-
4 934
-
income
8 642
-
9 530
-
total
14 057
-
15 306
-
Employer
47 944
-
50 524
-
pensions
5 661
-
6 017
-
health
911
-
960
-
total
6 572
-
6 977
-
Corporate
2 985
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.

567
10 925
-
-
total
567
10 925
-
-
Dividends
2 418
46 575
-
-
withholding
182
5 512
-
-
total
182
5 512
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 378
16 437
22 283
16 985
After tax
36 122
41 063
35 217
40 515
Living cost
33 886
33 886
33 886
33 886
Free-cash
2 236
7 177
1 331
6 629

Estimated living cost  is ₴33886 per week

₴25392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40076
₴42453
₴39295
₴37391
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
72
income
-
-
-
8 625
pensions

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

-
-
-
2 646
health
-
-
-
2 056
total
-
-
-
13 399
Employee
8 884
-
53 993
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
health
409
-
822
-
pensions

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

780
-
1 570
-
income
888
-
5 399
-
total
2 175
-
7 988
-
Employer
8 884
-
53 993
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
pensions

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

979
-
1 970
-
unemployment
53
-
107
-
health
613
-
1 233
-
total
1 743
-
3 507
-
Corporate
46 872
57 500
-
-
income
4 687
5 750
-
-
total
4 687
5 750
-
-
Dividends
42 185
51 750
-
-
withholding
2 109
2 587
-
-
total
2 109
2 587
-
-
Income
57 500
57 500
57 500
57 500
Total tax
10 714
8 337
11 495
13 399
After tax
46 786
49 163
46 005
44 101
Living cost
6 710
6 710
6 710
6 710
Free-cash
40 076
42 453
39 295
37 391

Estimated living cost  is ₴6710 per week

₴3917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2136
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴988
-₴295
₴1555
₴4513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
12 443
pensions
-
-
-
5 975
health
-
-
-
6 289
total
-
-
-
24 707
Employee
47 282
43 551
48 932
-
health
5 899
5 686
5 993
-
pensions
5 975
5 975
5 975
-
income

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

7 129
7 129
7 129
-
total
19 003
18 790
19 097
-
Employer
47 282
43 551
48 932
-
pensions
3 291
3 031
3 406
-
unemployment
1 702
1 568
1 761
-
health
3 286
3 027
3 401
-
total
8 279
7 626
8 568
-
Corporate
1 939
6 323
-
-
income
388
1 265
-
-
total
388
1 265
-
-
Dividends
1 551
5 058
-
-
withholding
232
759
-
-
income
330
1 075
-
-
total
562
1 834
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 232
29 515
27 665
24 707
After tax
29 268
27 985
29 835
32 793
Living cost
28 280
28 280
28 280
28 280
Free-cash
988
-295
1 555
4 513

Estimated living cost  is ₴28280 per week

₴20861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22360
₴26891
₴16481
₴15308
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 762
solidarity contribution
-
-
-
-
total
-
-
-
29 494
Employee
18 673
-
42 910
-
solidarity contribution
-
-
-
-
health
2 521
-
5 793
-
social contributions
1 214
-
2 789
-
income
2 241
-
5 149
-
total
5 976
-
13 731
-
Employer
18 673
-
42 910
-
social contributions
4 668
-
10 728
-
health
1 681
-
3 862
-
total
6 349
-
14 590
-
Corporate
32 478
57 500
-
-
income
6 171
10 925
-
-
total
6 171
10 925
-
-
Dividends
26 307
46 575
-
-
withholding
3 946
6 986
-
-
total
3 946
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 442
17 911
28 321
29 494
After tax
35 058
39 589
29 179
28 006
Living cost
12 698
12 698
12 698
12 698
Free-cash
22 360
26 891
16 481
15 308

Estimated living cost  is ₴12698 per week

₴8820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
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.
₴2725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴6496
₴9159
₴4798
₴7536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
regional
-
-
-
645
social contributions
-
-
-
14 789
municipal
-
-
-
342
national
-
-
-
12 668
total
-
-
-
28 444
Employee
45 325
-
57 500
-
national
7 854
-
10 921
-
regional
428
-
567
-
municipal
240
-
305
-
social contributions
15 283
-
19 389
-
total
23 805
-
31 182
-
Employer
45 325
-
57 500
-
total
-
-
-
-
Corporate
12 175
57 500
-
-
nationa
2 922
13 800
-
-
municipal
475
2 242
-
-
total
3 397
16 042
-
-
Dividends
8 779
41 458
-
-
withholding
2 282
10 779
-
-
total
2 282
10 779
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 484
26 821
31 182
28 444
After tax
28 016
30 679
26 318
29 056
Living cost
21 520
21 520
21 520
21 520
Free-cash
6 496
9 159
4 798
7 536

Estimated living cost  is ₴21520 per week

₴15001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
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.
₴4777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23327
₴24913
₴16441
₴17384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
116
income
-
-
-
11 649
pensions
-
-
-
11 500
health
-
-
-
4 082
surtax
-
-
-
1 515
total
-
-
-
28 862
Employee
16 865
-
47 500
-
surtax
55
-
1 366
-
unemployment
1 174
-
3 306
-
other
-
-
-
-
health
431
-
1 211
-
pensions
1 125
-
3 169
-
income
2 827
-
10 755
-
total
5 612
-
19 807
-
Employer
16 865
-
47 500
-
other
-
-
-
-
pensions
2 248
-
6 331
-
unemployment
534
-
1 506
-
health
767
-
2 161
-
total
3 549
-
9 998
-
Corporate
37 085
57 500
-
-
income
9 642
14 950
-
-
total
9 642
14 950
-
-
Dividends
27 443
42 550
-
-
withholding
4 116
6 383
-
-
total
4 116
6 383
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 919
21 333
29 805
28 862
After tax
34 581
36 167
27 695
28 638
Living cost
11 254
11 254
11 254
11 254
Free-cash
23 327
24 913
16 441
17 384

Estimated living cost  is ₴11254 per week

₴6881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1038
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.
₴3075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15945
₴17913
₴12067
₴17365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
13 061
pensions
-
-
-
3 924
total
-
-
-
16 985
Employee
32 131
-
50 524
-
health
466
-
842
-
pensions
2 727
-
4 934
-
income
5 787
-
9 530
-
total
8 980
-
15 306
-
Employer
32 131
-
50 524
-
pensions
3 478
-
6 017
-
health
610
-
960
-
total
4 088
-
6 977
-
Corporate
21 281
57 500
-
-
income

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

4 044
10 925
-
-
total
4 044
10 925
-
-
Dividends
17 237
46 575
-
-
withholding
1 293
5 512
-
-
total
1 293
5 512
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 405
16 437
22 283
16 985
After tax
39 095
41 063
35 217
40 515
Living cost
23 150
23 150
23 150
23 150
Free-cash
15 945
17 913
12 067
17 365

Estimated living cost  is ₴23150 per week

₴17344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3157
-₴14145
₴4501
₴7349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
1 150
city
-
-
-
607
regional
-
-
-
2 098
pensions
-
-
-
5 290
national
-
-
-
436
health
-
-
-
132
total
-
-
-
9 713
Employee
47 323
-
51 467
-
national
224
-
318
-
unemployment
-
-
-
-
city
508
-
553
-
regional
1 550
-
1 785
-
health
107
-
115
-
pensions
3 976
-
4 323
-
total
6 365
-
7 094
-
Employer
47 323
-
51 467
-
other

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

946
-
1 029
-
pensions
3 976
-
4 323
-
unemployment
-
-
-
-
health
107
-
115
-
total
5 029
-
5 467
-
Corporate
4 628
57 500
-
-
regional
978
12 161
-
-
national
394
4 888
-
-
total
1 372
17 049
-
-
Dividends
3 256
40 451
-
-
withholding
1 139
14 158
-
-
total
1 139
14 158
-
-
Income
57 500
57 500
57 500
57 500
Total tax
13 905
31 207
12 561
9 713
After tax
43 595
26 293
44 939
47 787
Living cost
40 438
40 438
40 438
40 438
Free-cash
3 157
-14 145
4 501
7 349

Estimated living cost  is ₴40438 per week

₴26296
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10016
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13369
₴5100
₴16670
₴10875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
trade
-
-
-
5 795
income

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

-
-
-
13 254
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.

-
-
-
3 484
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.

-
-
-
729
total
-
-
-
23 262
Employee

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

30 649
-
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.

198
-
729
-
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.

3 484
-
3 484
-
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.

3 604
-
13 254
-
total
7 286
-
17 467
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 851
57 500
-
-
trade
4 605
9 861
-
-
income
4 028
8 625
-
-
surtax

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

222
474
-
-
chamber of commerce
115
159
-
-
total
8 970
19 119
-
-
Dividends
17 881
38 381
-
-
withholding
4 277
9 401
-
-
surtax

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

235
517
-
-
total
4 512
9 918
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 768
29 037
17 467
23 262
After tax
36 732
28 463
40 033
34 238
Living cost
23 363
23 363
23 363
23 363
Free-cash
13 369
5 100
16 670
10 875

Estimated living cost  is ₴23363 per week

₴17063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1869
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.
₴4128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14544
₴11532
₴17726
₴15478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
1 638
income
-
-
-
6 396
pensions
-
-
-
13 335
health
-
-
-
1 422
surtax
-
-
-
-
total
-
-
-
24 574
Employee
21 827
-
46 274
-
surtax
-
-
-
-
pensions
2 468
-
2 444
-
social contributions
622
-
1 318
-
income
1 288
-
7 337
-
total
4 378
-
11 099
-
Employer
21 827
-
46 274
-
other
753
-
1 597
-
pensions
3 586
-
4 252
-
unemployment
884
-
1 874
-
social contributions
66
-
138
-
health
1 528
-
3 366
-
total
6 817
-
11 227
-
Corporate
28 857
57 500
-
-
income
8 080
16 100
-
-
surtax
-
-
-
-
total
8 080
16 100
-
-
Dividends
20 777
41 400
-
-
withholding
2 660
5 299
-
-
social contributions
3 573
7 121
-
-
surtax
-
-
-
-
total
6 233
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 508
28 520
22 326
24 574
After tax
31 992
28 980
35 174
32 926
Living cost
17 448
17 448
17 448
17 448
Free-cash
14 544
11 532
17 726
15 478

Estimated living cost  is ₴17448 per week

₴11002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1419
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.
₴4732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16091
₴13260
₴19454
₴17206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
1 638
income
-
-
-
6 396
pensions
-
-
-
13 335
health
-
-
-
1 422
surtax
-
-
-
-
total
-
-
-
24 574
Employee
19 483
-
46 274
-
surtax
-
-
-
-
pensions
2 204
-
2 444
-
social contributions
556
-
1 318
-
income
1 005
-
7 337
-
total
3 765
-
11 099
-
Employer
19 483
-
46 274
-
other
673
-
1 597
-
pensions
3 201
-
4 252
-
unemployment
789
-
1 874
-
social contributions
58
-
138
-
health
1 364
-
3 366
-
total
6 085
-
11 227
-
Corporate
31 932
57 500
-
-
income
8 941
16 100
-
-
surtax
-
-
-
-
total
8 941
16 100
-
-
Dividends
22 992
41 400
-
-
withholding
2 943
5 299
-
-
social contributions
3 955
7 121
-
-
surtax
-
-
-
-
total
6 898
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 689
28 520
22 326
24 574
After tax
31 811
28 980
35 174
32 926
Living cost
15 720
15 720
15 720
15 720
Free-cash
16 091
13 260
19 454
17 206

Estimated living cost  is ₴15720 per week

₴9117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
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.
₴4708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24531
₴24267
₴25877
₴26113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
7 935
income
-
-
-
8 625
health
-
-
-
4 013
total
-
-
-
20 573
Employee
17 292
-
57 500
-
health
1 207
-
4 013
-
social contributions
2 387
-
7 935
-
income
2 884
-
8 861
-
total
6 478
-
20 809
-
Employer
17 292
-
57 500
-
total
-
-
-
-
Corporate
40 208
57 500
-
-
income

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

2 010
2 875
-
-
total
2 010
2 875
-
-
Dividends
38 198
54 625
-
-
health
2 666
3 813
-
-
withholding
5 729
8 193
-
-
social contributions
5 272
7 538
-
-
total
13 667
19 544
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 155
22 419
20 809
20 573
After tax
35 345
35 081
36 691
36 927
Living cost
10 814
10 814
10 814
10 814
Free-cash
24 531
24 267
25 877
26 113

Estimated living cost  is ₴10814 per week

₴7237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13362
₴14153
-₴1363
₴10611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
230
unemployment
-
-
-
3 128
income
-
-
-
10 424
pensions
-
-
-
10 637
health
-
-
-
4 399
surtax
-
-
-
101
total
-
-
-
28 919
Employee
25 487
20 324
44 571
-
unemployment
765
610
1 337
-
other
255
203
446
-
health
986
787
1 725
-
pensions
2 610
2 081
4 564
-
income
2 901
1 499
9 233
-
total
7 517
5 180
17 305
-
Employer
25 487
20 324
44 571
-
payroll
765
610
1 337
-
other
1 211
965
2 117
-
accident
331
264
580
-
pensions
3 199
2 551
5 594
-
unemployment
765
610
1 337
-
chamber of commerce
102
81
178
-
surtax
101
101
101
-
health
963
768
1 685
-
total
7 437
5 950
12 929
-
Corporate
24 579
31 226
42 636
-
income

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

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

6 145
7 806
10 659
-
total
6 145
7 806
10 659
-
Dividends
18 434
23 420
-
-
withholding
5 069
6 441
-
-
total
5 069
6 441
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 168
25 377
40 893
28 919
After tax
31 332
32 123
16 607
28 581
Living cost
17 970
17 970
17 970
17 970
Free-cash
13 362
14 153
-1 363
10 611

Estimated living cost  is ₴17970 per week

₴11985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1533
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.
₴4157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5982
₴13630
₴3432
₴7644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
9 261
national
-
-
-
19 105
communal

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

-
-
-
2 895
total
-
-
-
31 261
Employee

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

36 480
-
44 536
-
national
11 215
-
14 366
-
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.

317
-
387
-
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.

1 714
-
2 093
-
pensions

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

2 736
-
3 340
-
communal

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

1 903
-
2 323
-
total
17 885
-
22 509
-
Employer

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

36 480
-
44 536
-
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.

474
-
579
-
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.

3 232
-
3 946
-
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.

532
-
650
-
surtax
4 136
-
5 050
-
health

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

2 243
-
2 739
-
total
10 617
-
12 964
-
Corporate
10 402
57 500
-
-
income
2 081
11 500
-
-
surtax
42
230
-
-
total
2 123
11 730
-
-
Dividends
8 279
45 769
-
-
withholding

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

2 298
13 545
-
-
total
2 298
13 545
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 923
25 275
35 473
31 261
After tax
24 577
32 225
22 027
26 239
Living cost
18 595
18 595
18 595
18 595
Free-cash
5 982
13 630
3 432
7 644

Estimated living cost  is ₴18595 per week

₴11977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16247
₴20300
₴11466
₴13033
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
331
income
-
-
-
11 868
pensions
-
-
-
13 377
accident
-
-
-
426
total
-
-
-
26 049
Employee
25 386
-
43 601
-
unemployment
394
-
676
-
other
25
-
44
-
pensions
1 193
-
2 049
-
income
5 356
-
10 948
-
total
6 968
-
13 717
-
Employer
25 386
-
43 601
-
other
202
-
348
-
accident
502
-
863
-
pensions
5 991
-
10 290
-
unemployment
1 397
-
2 398
-
total
8 092
-
13 899
-
Corporate
24 022
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.

3 603
8 625
-
-
total
3 603
8 625
-
-
Dividends
20 419
48 875
-
-
withholding
4 172
10 157
-
-
total
4 172
10 157
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 835
18 782
27 616
26 049
After tax
34 665
38 718
29 884
31 451
Living cost
18 418
18 418
18 418
18 418
Free-cash
16 247
20 300
11 466
13 033

Estimated living cost  is ₴18418 per week

₴13563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3450
₴7238
₴6626
₴4261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 897
pensions
-
-
-
8 618
accident
-
-
-
485
communal
-
-
-
3 634
health
-
-
-
4 040
surtax
-
-
-
2 850
total
-
-
-
25 524
Employee
38 621
-
51 361
-
surtax
2 367
-
3 147
-
health
1 719
-
2 286
-
pensions
3 089
-
4 109
-
income
3 730
-
7 478
-
total
10 905
-
17 020
-
Employer
38 621
-
51 361
-
accident
347
-
463
-
pensions
3 089
-
4 109
-
health
1 178
-
1 567
-
total
4 614
-
6 139
-
Corporate
14 265
57 500
-
-
income
2 140
8 625
-
-
communal
-
3 881
-
-
surtax
150
604
-
-
total
2 290
13 110
-
-
Dividends
11 975
44 390
-
-
withholding
1 796
6 658
-
-
income
6 730
2 779
-
-
total
8 526
9 437
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 335
22 547
23 159
25 524
After tax
31 165
34 953
34 341
31 976
Living cost
27 715
27 715
27 715
27 715
Free-cash
3 450
7 238
6 626
4 261

Estimated living cost  is ₴27715 per week

₴20790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23092
₴24712
₴16240
₴17183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
116
income
-
-
-
11 649
pensions
-
-
-
11 500
health
-
-
-
4 082
surtax
-
-
-
1 515
total
-
-
-
28 862
Employee
17 175
-
47 500
-
surtax
61
-
1 366
-
unemployment
1 195
-
3 306
-
other
-
-
-
-
health
438
-
1 211
-
pensions
1 146
-
3 169
-
income
2 879
-
10 755
-
total
5 719
-
19 807
-
Employer
17 175
-
47 500
-
other
-
-
-
-
pensions
2 290
-
6 331
-
unemployment
545
-
1 506
-
health
781
-
2 161
-
total
3 616
-
9 998
-
Corporate
36 710
57 500
-
-
income
9 544
14 950
-
-
total
9 544
14 950
-
-
Dividends
27 165
42 550
-
-
withholding
4 074
6 383
-
-
total
4 074
6 383
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 953
21 333
29 805
28 862
After tax
34 547
36 167
27 695
28 638
Living cost
11 455
11 455
11 455
11 455
Free-cash
23 092
24 712
16 240
17 183

Estimated living cost  is ₴11455 per week

₴6916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴996
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.
₴3278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15352
₴16485
₴12373
₴15096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
regional
-
-
-
867
social contributions
-
-
-
14 789
municipal
-
-
-
342
national
-
-
-
12 668
total
-
-
-
28 666
Employee
28 290
-
57 500
-
national
4 482
-
10 921
-
regional
381
-
774
-
municipal
150
-
305
-
social contributions
9 540
-
19 389
-
total
14 553
-
31 389
-
Employer
28 290
-
57 500
-
total
-
-
-
-
Corporate
29 210
57 500
-
-
nationa
7 011
13 800
-
-
municipal
1 452
2 858
-
-
total
8 463
16 658
-
-
Dividends
20 748
40 842
-
-
withholding
5 394
10 619
-
-
total
5 394
10 619
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 410
27 277
31 389
28 666
After tax
29 090
30 223
26 111
28 834
Living cost
13 738
13 738
13 738
13 738
Free-cash
15 352
16 485
12 373
15 096

Estimated living cost  is ₴13738 per week

₴8544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18360
₴23942
₴13532
₴12359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 762
solidarity contribution
-
-
-
-
total
-
-
-
29 494
Employee
23 010
-
42 910
-
solidarity contribution
-
-
-
-
health
3 106
-
5 793
-
social contributions
1 496
-
2 789
-
income
2 761
-
5 149
-
total
7 363
-
13 731
-
Employer
23 010
-
42 910
-
social contributions
5 752
-
10 728
-
health
2 071
-
3 862
-
total
7 823
-
14 590
-
Corporate
26 667
57 500
-
-
income
5 067
10 925
-
-
total
5 067
10 925
-
-
Dividends
21 600
46 575
-
-
withholding
3 240
6 986
-
-
total
3 240
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
23 493
17 911
28 321
29 494
After tax
34 007
39 589
29 179
28 006
Living cost
15 647
15 647
15 647
15 647
Free-cash
18 360
23 942
13 532
12 359

Estimated living cost  is ₴15647 per week

₴11636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15655
₴15909
₴356
₴12412
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
230
unemployment
-
-
-
3 128
income
-
-
-
10 424
pensions
-
-
-
10 637
health
-
-
-
4 399
surtax
-
-
-
-
total
-
-
-
28 818
Employee
22 293
20 324
44 650
-
unemployment
669
610
1 339
-
other
223
203
446
-
health
862
787
1 728
-
pensions
2 283
2 081
4 572
-
income
1 986
1 499
9 260
-
total
6 023
5 180
17 345
-
Employer
22 293
20 324
44 650
-
payroll
669
610
1 339
-
other
1 059
965
2 120
-
accident
289
264
581
-
pensions
2 798
2 551
5 604
-
unemployment
669
610
1 339
-
chamber of commerce
89
81
179
-
surtax
-
-
-
-
health
843
768
1 688
-
total
6 416
5 849
12 850
-
Corporate
28 791
31 327
42 714
-
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.

7 198
7 831
10 679
-
total
7 198
7 831
10 679
-
Dividends
21 594
23 496
-
-
withholding
5 938
6 461
-
-
total
5 938
6 461
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 575
25 321
40 874
28 818
After tax
31 925
32 179
16 626
28 682
Living cost
16 270
16 270
16 270
16 270
Free-cash
15 655
15 909
356
12 412

Estimated living cost  is ₴16270 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1662
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.
₴4558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46821
₴48053
₴39428
₴50353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 215
-
57 500
-
income
1 643
-
11 500
-
total
1 643
-
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%.

49 285
57 500
-
-
total
-
-
-
-
Dividends
49 285
57 500
-
-
withholding
2 464
2 875
-
-
total
2 464
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
4 107
2 875
11 500
575
After tax
53 393
54 625
46 000
56 925
Living cost
6 572
6 572
6 572
6 572
Free-cash
46 821
48 053
39 428
50 353

Estimated living cost  is ₴6572 per week

₴4447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
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.
₴1628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21642
₴25909
₴14138
₴15785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
86
income
-
-
-
11 791
pensions
-
-
-
10 501
health
-
-
-
5 658
total
-
-
-
28 036
Employee

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

22 552
-
49 754
-
unemployment
32
-
70
-
health
1 457
-
3 214
-
pensions
3 496
-
7 711
-
income
3 889
-
10 942
-
total
8 874
-
21 937
-
Employer

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

22 552
-
49 754
-
pensions
1 996
-
4 403
-
unemployment
14
-
30
-
health
1 502
-
3 313
-
total
3 512
-
7 746
-
Corporate
31 437
57 500
-
-
income
5 973
10 925
-
-
total
5 973
10 925
-
-
Dividends
25 464
46 575
-
-
withholding
3 820
6 987
-
-
total
3 820
6 987
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 179
17 912
29 683
28 036
After tax
35 321
39 588
27 817
29 464
Living cost
13 679
13 679
13 679
13 679
Free-cash
21 642
25 909
14 138
15 785

Estimated living cost  is ₴13679 per week

₴9388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18834
₴12893
₴28675
₴17647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
31 674
-
-
-
social contributions
2 597
-
370
-
income
6 987
-
-
-
total
9 584
-
370
-
Employer
31 674
-
-
-
social contributions
44 660
-
6 365
-
total
44 660
-
6 365
-
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
54 244
22 517
6 735
17 763
After tax
3 256
34 983
50 765
39 737
Living cost
22 090
22 090
22 090
22 090
Free-cash
-18 834
12 893
28 675
17 647

Estimated living cost  is ₴22090 per week

₴14333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2078
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.
₴5398
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16196
₴16709
₴12513
₴15849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
social contributions

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

-
-
-
19 981
income
-
-
-
5 673
surtax
-
-
-
-
total
-
-
-
25 654
Employee
23 455
-
46 464
-
surtax
-
-
-
-
social contributions
2 580
-
5 111
-
income
4 879
-
12 844
-
total
7 459
-
17 955
-
Employer
23 455
-
46 464
-
social contributions
5 571
-
11 035
-
total
5 571
-
11 035
-
Corporate
28 474
57 500
-
-
income
5 979
12 075
-
-
surtax
-
-
-
-
total
5 979
12 075
-
-
Dividends
22 495
45 425
-
-
withholding
6 298
12 719
-
-
total
6 298
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 307
24 794
28 990
25 654
After tax
32 193
32 706
28 510
31 846
Living cost
15 997
15 997
15 997
15 997
Free-cash
16 196
16 709
12 513
15 849

Estimated living cost  is ₴15997 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7853
₴4348
₴10542
₴8294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
1 638
income
-
-
-
6 396
pensions
-
-
-
13 335
health
-
-
-
1 422
surtax
-
-
-
-
total
-
-
-
24 574
Employee
31 941
-
46 274
-
surtax
-
-
-
-
pensions
3 613
-
2 444
-
social contributions
910
-
1 318
-
income
2 787
-
7 337
-
total
7 310
-
11 099
-
Employer
31 941
-
46 274
-
other
1 102
-
1 597
-
pensions
5 248
-
4 252
-
unemployment
1 294
-
1 874
-
social contributions
96
-
138
-
health
2 236
-
3 366
-
total
9 976
-
11 227
-
Corporate
15 582
57 500
-
-
income
4 363
16 100
-
-
surtax
-
-
-
-
total
4 363
16 100
-
-
Dividends
11 220
41 400
-
-
withholding
1 436
5 299
-
-
social contributions
1 930
7 121
-
-
surtax
-
-
-
-
total
3 366
12 420
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 015
28 520
22 326
24 574
After tax
32 485
28 980
35 174
32 926
Living cost
24 632
24 632
24 632
24 632
Free-cash
7 853
4 348
10 542
8 294

Estimated living cost  is ₴24632 per week

₴16670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34706
₴36420
₴29661
₴28132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
1 388
social contributions
-
-
-
12 650
total
-
-
-
14 038
Employee
16 396
-
49 784
-
social contributions
1 066
-
3 235
-
income
-
-
1 558
-
total
1 066
-
4 793
-
Employer
16 396
-
49 784
-
social contributions
2 541
-
7 716
-
total
2 541
-
7 716
-
Corporate
38 563
57 500
-
-
income
3 857
5 750
-
-
total
3 857
5 750
-
-
Dividends
34 706
51 750
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
7 464
5 750
12 509
14 038
After tax
50 036
51 750
44 991
43 462
Living cost
15 330
15 330
15 330
15 330
Free-cash
34 706
36 420
29 661
28 132

Estimated living cost  is ₴15330 per week

₴9912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1156
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴53391
-₴53391
-₴53391
₴10761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
441
municipal
-
-
-
11 023
labour market
-
-
-
4 565
national
-
-
-
6 199
total
-
-
-
22 228
Employee
103 457
103 457
103 457
-
national
12 639
12 639
12 639
-
municipal
22 031
22 031
22 031
-
labour market
8 265
8 265
8 265
-
pensions
147
147
147
-
total
43 082
43 082
43 082
-
Employer
103 457
103 457
103 457
-
municipal
22 066
22 066
22 066
-
pensions
294
294
294
-
national
12 661
12 661
12 661
-
labour market
8 277
8 277
8 277
-
total
43 298
43 298
43 298
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
86 380
86 380
86 380
22 228
After tax
-28 880
-28 880
-28 880
35 272
Living cost
24 511
24 511
24 511
24 511
Free-cash
-53 391
-53 391
-53 391
10 761

Estimated living cost  is ₴24511 per week

₴16776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2927
-₴6617
₴18761
₴28157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
14 447
pensions
-
-
-
2 164
accident
-
-
-
131
health
-
-
-
1 134
total
-
-
-
18 069
Employee
17 734
-
49 721
-
health
2 031
-
5 693
-
pensions
1 997
-
3 968
-
income
2 433
-
10 026
-
total
6 461
-
19 687
-
Employer
17 734
-
49 721
-
accident
296
-
830
-
pensions
2 884
-
5 730
-
unemployment
435
-
1 218
-
total
3 615
-
7 778
-
Corporate
36 151
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.

32 536
51 750
-
-
total
32 536
51 750
-
-
Dividends
3 615
5 750
-
-
withholding
687
1 093
-
-
total
687
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 299
52 843
27 465
18 069
After tax
14 201
4 657
30 035
39 431
Living cost
11 274
11 274
11 274
11 274
Free-cash
2 927
-6 617
18 761
28 157

Estimated living cost  is ₴11274 per week

₴8206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17719
₴18155
₴12639
₴20522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
57 500
municipal
-
-
-
10 229
national
-
-
-
6 496
health
-
-
-
673
total
-
-
-
17 398
Employee
26 831
-
48 372
-
national
443
-
3 737
-
unemployment
403
-
726
-
health
200
-
532
-
municipal
4 395
-
7 892
-
pensions
1 811
-
3 265
-
total
7 252
-
16 152
-
Employer
26 831
-
48 372
-
accident
27
-
48
-
pensions
4 655
-
8 393
-
unemployment
174
-
315
-
health
206
-
373
-
total
5 062
-
9 129
-
Corporate
25 606
57 500
-
-
income
5 122
11 500
-
-
total
5 122
11 500
-
-
Dividends

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

15 363
34 500
-
-
municipal
2 765
6 210
-
-
national
-
2 055
-
-
total
2 765
8 265
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 201
19 765
25 281
17 398
After tax
37 299
37 735
32 219
40 102
Living cost
19 580
19 580
19 580
19 580
Free-cash
17 719
18 155
12 639
20 522

Estimated living cost  is ₴19580 per week

₴12789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴27468
₴30243
₴28037
₴28598
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 251
income
-
-
-
7 377
health
-
-
-
1 466
total
-
-
-
17 094
Employee
39 216
39 216
52 201
-
health
304
667
887
-
social contributions
1 483
3 255
4 333
-
income
4 270
3 630
7 136
-
total
6 057
7 552
12 356
-
Employer
39 216
39 216
52 201
-
social contributions
1 483
3 255
4 333
-
health
330
726
966
-
total
1 813
3 981
5 299
-
Corporate
37 823
14 304
-
-
income
4 728
1 788
-
-
total
4 728
1 788
-
-
Dividends
33 096
12 516
-
-
withholding
5 626
2 128
-
-
total
5 626
2 128
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 224
15 449
17 655
17 094
After tax
39 276
42 051
39 845
40 406
Living cost
11 808
11 808
11 808
11 808
Free-cash
27 468
30 243
28 037
28 598

Estimated living cost  is ₴11808 per week

₴7077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3312
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36925
₴39519
₴28487
₴38715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
income
-
-
-
5 583
pensions
-
-
-
3 244
health
-
-
-
1 846
total
-
-
-
10 688
Employee

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

11 706
-
52 516
-
unemployment
58
-
242
-
health
995
-
4 113
-
pensions
1 756
-
7 258
-
income
800
-
4 319
-
total
3 609
-
15 932
-
Employer

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

11 706
-
52 516
-
pensions
644
-
2 661
-
unemployment
58
-
242
-
health
503
-
2 081
-
total
1 205
-
4 984
-
Corporate
44 589
57 500
-
-
income
4 013
5 175
-
-
total
4 013
5 175
-
-
Dividends
40 576
52 325
-
-
withholding
3 651
4 709
-
-
total
3 651
4 709
-
-
Income
57 500
57 500
57 500
57 500
Total tax
12 478
9 884
20 916
10 688
After tax
45 022
47 616
36 584
46 812
Living cost
8 097
8 097
8 097
8 097
Free-cash
36 925
39 519
28 487
38 715

Estimated living cost  is ₴8097 per week

₴5166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴584
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.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22028
₴24694
₴15860
₴17427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
331
income
-
-
-
11 868
pensions
-
-
-
13 377
accident
-
-
-
426
total
-
-
-
26 049
Employee
18 857
-
43 601
-
unemployment
292
-
676
-
other
18
-
44
-
pensions
887
-
2 049
-
income
3 636
-
10 948
-
total
4 833
-
13 717
-
Employer
18 857
-
43 601
-
other
151
-
348
-
accident
374
-
863
-
pensions
4 450
-
10 290
-
unemployment
1 037
-
2 398
-
total
6 012
-
13 899
-
Corporate
32 631
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.

4 894
8 625
-
-
total
4 894
8 625
-
-
Dividends
27 737
48 875
-
-
withholding
5 709
10 157
-
-
total
5 709
10 157
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 448
18 782
27 616
26 049
After tax
36 052
38 718
29 884
31 451
Living cost
14 024
14 024
14 024
14 024
Free-cash
22 028
24 694
15 860
17 427

Estimated living cost  is ₴14024 per week

₴9466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1348
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34757
₴34915
₴35775
₴35844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
19 477
pensions
-
-
-
704
health
-
-
-
510
total
-
-
-
20 691
Employee
1 470
-
56 708
-
unemployment
15
-
35
-
health
73
-
176
-
pensions
132
-
317
-
income
284
-
19 441
-
total
504
-
19 969
-
Employer
1 470
-
56 708
-
pensions
162
-
387
-
unemployment
29
-
70
-
health
140
-
334
-
total
331
-
791
-
Corporate
55 700
57 500
-
-
income
12 254
12 650
-
-
total
12 254
12 650
-
-
Dividends
43 446
44 850
-
-
withholding
8 689
8 970
-
-
total
8 689
8 970
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 778
21 620
20 760
20 691
After tax
35 722
35 880
36 740
36 809
Living cost
965
965
965
965
Free-cash
34 757
34 915
35 775
35 844

Estimated living cost  is ₴965 per week

₴573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30265
₴32763
₴22452
₴22452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
unemployment
-
-
-
563
income
-
-
-
12 083
pensions
-
-
-
9 756
health
-
-
-
3 865
total
-
-
-
26 267
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.

13 241
-
50 783
-
unemployment
99
-
281
-
health
682
-
1 933
-
pensions
1 854
-
5 253
-
income
1 825
-
12 083
-
total
4 460
-
19 550
-
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.

13 241
-
50 783
-
pensions
1 589
-
4 503
-
unemployment
99
-
281
-
health
682
-
1 933
-
total
2 370
-
6 717
-
Corporate
41 889
57 500
-
-
income
6 283
8 625
-
-
total
6 283
8 625
-
-
Dividends
35 605
48 875
-
-
withholding
5 341
7 331
-
-
total
5 341
7 331
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 454
15 956
26 267
26 267
After tax
39 046
41 544
31 233
31 233
Living cost
8 781
8 781
8 781
8 781
Free-cash
30 265
32 763
22 452
22 452

Estimated living cost  is ₴8781 per week

₴5912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴679
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.
₴1935
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18772
₴18957
₴14761
₴18097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
social contributions

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

-
-
-
19 981
income
-
-
-
5 673
surtax
-
-
-
-
total
-
-
-
25 654
Employee
19 794
-
46 464
-
surtax
-
-
-
-
social contributions
2 178
-
5 111
-
income
3 868
-
12 844
-
total
6 046
-
17 955
-
Employer
19 794
-
46 464
-
social contributions
4 701
-
11 035
-
total
4 701
-
11 035
-
Corporate
33 006
57 500
-
-
income
6 931
12 075
-
-
surtax
-
-
-
-
total
6 931
12 075
-
-
Dividends
26 074
45 425
-
-
withholding
7 301
12 719
-
-
total
7 301
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 979
24 794
28 990
25 654
After tax
32 521
32 706
28 510
31 846
Living cost
13 749
13 749
13 749
13 749
Free-cash
18 772
18 957
14 761
18 097

Estimated living cost  is ₴13749 per week

₴9738
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴955
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.
₴2812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16917
₴20795
₴11961
₴13528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
331
income
-
-
-
11 868
pensions
-
-
-
13 377
accident
-
-
-
426
total
-
-
-
26 049
Employee
24 630
-
43 601
-
unemployment
381
-
676
-
other
24
-
44
-
pensions
1 157
-
2 049
-
income
5 144
-
10 948
-
total
6 706
-
13 717
-
Employer
24 630
-
43 601
-
other
197
-
348
-
accident
488
-
863
-
pensions
5 813
-
10 290
-
unemployment
1 355
-
2 398
-
total
7 853
-
13 899
-
Corporate
25 017
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.

3 752
8 625
-
-
total
3 752
8 625
-
-
Dividends
21 265
48 875
-
-
withholding
4 349
10 157
-
-
total
4 349
10 157
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 660
18 782
27 616
26 049
After tax
34 840
38 718
29 884
31 451
Living cost
17 923
17 923
17 923
17 923
Free-cash
16 917
20 795
11 961
13 528

Estimated living cost  is ₴17923 per week

₴12872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37241
₴40360
₴37202
₴35298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
72
income
-
-
-
8 625
pensions

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

-
-
-
2 646
health
-
-
-
2 056
total
-
-
-
13 399
Employee
11 657
-
53 993
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
health
536
-
822
-
pensions

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

1 023
-
1 570
-
income
1 166
-
5 399
-
total
2 853
-
7 988
-
Employer
11 657
-
53 993
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
pensions

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

1 285
-
1 970
-
unemployment
70
-
107
-
health
804
-
1 233
-
total
2 287
-
3 507
-
Corporate
43 556
57 500
-
-
income
4 356
5 750
-
-
total
4 356
5 750
-
-
Dividends
39 201
51 750
-
-
withholding
1 960
2 587
-
-
total
1 960
2 587
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 456
8 337
11 495
13 399
After tax
46 044
49 163
46 005
44 101
Living cost
8 803
8 803
8 803
8 803
Free-cash
37 241
40 360
37 202
35 298

Estimated living cost  is ₴8803 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16627
₴9957
₴20344
₴15495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
trade
-
-
-
4 849
income

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

-
-
-
13 254
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.

-
-
-
3 484
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.

-
-
-
729
total
-
-
-
22 316
Employee

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

25 375
-
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.

115
-
729
-
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.

3 484
-
3 484
-
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.

2 087
-
13 254
-
total
5 686
-
17 467
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 125
57 500
-
-
trade
4 610
8 251
-
-
income
4 819
8 625
-
-
surtax

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

265
474
-
-
chamber of commerce
125
162
-
-
total
9 819
17 512
-
-
Dividends
22 307
39 988
-
-
withholding
5 383
9 803
-
-
surtax

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

296
539
-
-
total
5 679
10 342
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 184
27 854
17 467
22 316
After tax
36 316
29 646
40 033
35 184
Living cost
19 689
19 689
19 689
19 689
Free-cash
16 627
9 957
20 344
15 495

Estimated living cost  is ₴19689 per week

₴13582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12325
₴11199
₴8627
₴8627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
5 252
income
-
-
-
14 570
total
-
-
-
19 822
Employee
39 892
-
57 500
-
social contributions
3 314
-
5 252
-
income
7 528
-
14 570
-
total
10 842
-
19 822
-
Employer
39 892
-
57 500
-
total
-
-
-
-
Corporate
17 608
57 500
-
-
income
2 201
7 188
-
-
total
2 201
7 188
-
-
Dividends
15 407
50 312
-
-
withholding
3 081
10 062
-
-
total
3 081
10 062
-
-
Income
57 500
57 500
57 500
57 500
Total tax
16 124
17 250
19 822
19 822
After tax
41 376
40 250
37 678
37 678
Living cost
29 051
29 051
29 051
29 051
Free-cash
12 325
11 199
8 627
8 627

Estimated living cost  is ₴29051 per week

₴22102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17950
₴16168
₴23818
₴21333
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
57 500
health

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

-
-
-
3 137
income
-
-
-
14 517
total
-
-
-
17 654
Employee
23 395
-
55 154
-
social contributions
2 344
-
2 346
-
income
2 539
-
10 477
-
total
4 883
-
12 823
-
Employer
23 395
-
55 154
-
social contributions
2 344
-
2 346
-
total
2 344
-
2 346
-
Corporate
31 761
57 500
-
-
income
11 116
20 125
-
-
total
11 116
20 125
-
-
Dividends
20 645
37 375
-
-
social contributions
2 694
2 694
-
-
total
2 694
2 694
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 037
22 819
15 169
17 654
After tax
36 463
34 681
42 331
39 846
Living cost
18 513
18 513
18 513
18 513
Free-cash
17 950
16 168
23 818
21 333

Estimated living cost  is ₴18513 per week

₴12194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1459
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.
₴4575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21403
₴22243
₴16397
₴21695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
13 061
pensions
-
-
-
3 924
total
-
-
-
16 985
Employee
25 834
-
50 524
-
health
337
-
842
-
pensions
1 972
-
4 934
-
income
4 704
-
9 530
-
total
7 013
-
15 306
-
Employer
25 834
-
50 524
-
pensions
2 610
-
6 017
-
health
491
-
960
-
total
3 101
-
6 977
-
Corporate
28 565
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.

5 428
10 925
-
-
total
5 428
10 925
-
-
Dividends
23 138
46 575
-
-
withholding
1 735
5 512
-
-
total
1 735
5 512
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 277
16 437
22 283
16 985
After tax
40 223
41 063
35 217
40 515
Living cost
18 820
18 820
18 820
18 820
Free-cash
21 403
22 243
16 397
21 695

Estimated living cost  is ₴18820 per week

₴12911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3942
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2757
-₴7733
₴17645
₴27041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
income
-
-
-
14 447
pensions
-
-
-
2 164
accident
-
-
-
131
health
-
-
-
1 134
total
-
-
-
18 069
Employee
19 490
-
49 721
-
health
2 231
-
5 693
-
pensions
2 195
-
3 968
-
income
2 674
-
10 026
-
total
7 100
-
19 687
-
Employer
19 490
-
49 721
-
accident
325
-
830
-
pensions
3 169
-
5 730
-
unemployment
477
-
1 218
-
total
3 971
-
7 778
-
Corporate
34 038
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.

30 635
51 750
-
-
total
30 635
51 750
-
-
Dividends
3 404
5 750
-
-
withholding
647
1 093
-
-
total
647
1 093
-
-
Income
57 500
57 500
57 500
57 500
Total tax
42 353
52 843
27 465
18 069
After tax
15 147
4 657
30 035
39 431
Living cost
12 390
12 390
12 390
12 390
Free-cash
2 757
-7 733
17 645
27 041

Estimated living cost  is ₴12390 per week

₴9093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
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.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴39513
₴41502
₴30418
₴25811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
690
income
-
-
-
8 992
pensions
-
-
-
10 580
health insurance
-
-
-
4 255
work injury
-
-
-
288
total
-
-
-
24 805
Employee

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

11 014
-
57 500
-
health insurance
815
-
3 015
-
unemployment
132
-
489
-
work injury
55
-
204
-
pensions
2 027
-
7 498
-
income
1 101
-
8 992
-
total
4 130
-
20 198
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 486
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
46 486
56 925
-
-
withholding
6 973
8 539
-
-
total
6 973
8 539
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 103
9 114
20 198
24 805
After tax
46 397
48 386
37 302
32 695
Living cost
6 884
6 884
6 884
6 884
Free-cash
39 513
41 502
30 418
25 811

Estimated living cost  is ₴6884 per week

₴4265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴7650
₴9970
₴5503
₴8134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
regional
-
-
-
1 208
social contributions
-
-
-
14 789
municipal
-
-
-
384
national
-
-
-
12 668
total
-
-
-
29 049
Employee
42 975
-
57 500
-
national
7 262
-
10 921
-
regional
649
-
1 027
-
municipal
256
-
343
-
social contributions
14 491
-
19 389
-
total
22 658
-
31 680
-
Employer
42 975
-
57 500
-
total
-
-
-
-
Corporate
14 525
57 500
-
-
nationa
3 486
13 800
-
-
municipal
700
2 772
-
-
total
4 186
16 572
-
-
Dividends
10 340
40 928
-
-
withholding
2 689
10 641
-
-
total
2 689
10 641
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 533
27 213
31 680
29 049
After tax
27 967
30 287
25 820
28 451
Living cost
20 317
20 317
20 317
20 317
Free-cash
7 650
9 970
5 503
8 134

Estimated living cost  is ₴20317 per week

₴14271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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