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
₴13930
₴23779
₴18378
₴19453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
income

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

-
-
-
14 399
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.

-
-
-
792
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.

-
-
-
3 410
trade
-
-
-
5 401
total
-
-
-
24 002
Employee

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

19 093
-
57 500
-
surtax

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

29
-
792
-
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.

533
-
14 399
-
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.

3 410
-
3 410
-
total
3 972
-
18 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 407
57 500
-
-
income
5 761
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.

316
475
-
-
chamber of commerce
131
158
-
-
trade
6 049
9 056
-
-
total
12 257
18 314
-
-
Dividends
26 150
39 185
-
-
surtax

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

350
529
-
-
withholding
6 348
9 607
-
-
total
6 698
10 136
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 927
28 450
18 601
24 002
After tax
34 573
29 050
38 899
33 498
Living cost
15 120
15 120
15 120
15 120
Free-cash
19 453
13 930
23 779
18 378

Estimated living cost  is ₴15120 per week

₴9511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9368
₴8487
₴8035
₴8927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
618
municipal
-
-
-
6 054
national
-
-
-
9 381
pensions
-
-
-
6 900
total
-
-
-
22 953
Employee
41 099
-
49 708
-
municipal
5 076
-
6 276
-
pensions
1 644
-
1 988
-
national
7 866
-
9 726
-
total
14 586
-
17 990
-
Employer
41 099
-
49 708
-
pensions
3 288
-
3 977
-
social contributions
442
-
534
-
total
3 730
-
4 511
-
Corporate
9 959
57 500
-
-
income

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

1 992
11 500
-
-
total
1 992
11 500
-
-
Dividends
7 967
46 000
-
-
withholding
1 753
10 120
-
-
total
1 753
10 120
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 061
21 620
22 501
22 953
After tax
35 439
35 880
34 999
34 547
Living cost
26 512
26 512
26 512
26 512
Free-cash
8 927
9 368
8 487
8 035

Estimated living cost  is ₴26512 per week

₴18020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35615
₴21938
₴20225
₴31519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
57 500
income
-
-
-
8 404
surtax
-
-
-
-
social contributions

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

-
-
-
18 486
microenterprise
-
-
-
-
total
-
-
-
26 890
Employee
14 587
-
46 338
-
surtax
-
-
-
-
social contributions

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

1 605
-
5 098
-
income
2 597
-
8 917
-
total
4 202
-
14 015
-
Employer
14 587
-
46 338
-
social contributions

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

3 514
-
11 162
-
surtax
-
-
-
-
total
3 514
-
11 162
-
Corporate
39 400
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%.

7 880
11 500
-
-
total
7 880
11 500
-
-
Dividends

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

31 520
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
15 596
11 500
25 177
26 890
After tax
41 904
46 000
32 323
30 610
Living cost
10 385
10 385
10 385
10 385
Free-cash
31 519
35 615
21 938
20 225

Estimated living cost  is ₴10385 per week

₴6626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7101
₴9268
₴11940
₴4044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 643
health
-
-
-
6 156
pensions
-
-
-
5 849
total
-
-
-
24 648
Employee
42 629
42 629
48 931
-
pensions
7 673
5 849
5 849
-
income

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

6 978
6 978
6 978
-
health
6 543
5 566
5 925
-
total
21 194
18 393
18 752
-
Employer
42 629
42 629
48 931
-
health
2 963
2 963
3 401
-
pensions
2 967
2 967
3 406
-
unemployment
1 535
1 535
1 761
-
total
7 465
7 465
8 568
-
Corporate
7 929
7 406
-
-
income
1 586
1 481
-
-
total
1 586
1 481
-
-
Dividends
6 343
5 925
-
-
income
1 348
1 259
-
-
withholding
951
889
-
-
total
2 299
2 148
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 544
29 487
27 320
24 648
After tax
24 956
28 013
30 180
32 852
Living cost
20 912
20 912
20 912
20 912
Free-cash
4 044
7 101
9 268
11 940

Estimated living cost  is ₴20912 per week

₴14820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11386
₴10227
₴10751
₴10937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
accident
-
-
-
88
other
-
-
-
5 096
unemployment
-
-
-
44
health
-
-
-
2 736
municipal
-
-
-
13 358
national
-
-
-
678
pensions
-
-
-
4 740
total
-
-
-
26 740
Employee
28 510
-
43 753
-
municipal
8 502
-
13 047
-
national
-
-
470
-
total
8 502
-
13 517
-
Employer
28 510
-
43 753
-
health
1 753
-
2 691
-
pensions
3 082
-
4 730
-
accident
57
-
87
-
unemployment
753
-
1 155
-
other
3 313
-
5 084
-
total
8 958
-
13 747
-
Corporate
20 032
57 500
-
-
income
4 407
12 650
-
-
total
4 407
12 650
-
-
Dividends
15 625
44 850
-
-
withholding
4 687
13 455
-
-
total
4 687
13 455
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 554
26 105
27 264
26 740
After tax
30 946
31 395
30 236
30 760
Living cost
20 008
20 008
20 008
20 008
Free-cash
10 937
11 386
10 227
10 751

Estimated living cost  is ₴20008 per week

₴13261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
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.
₴4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9144
₴19288
₴13648
₴16159
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
income

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

-
-
-
14 399
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.

-
-
-
792
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.

-
-
-
3 410
trade
-
-
-
5 640
total
-
-
-
24 241
Employee

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

25 315
-
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.

119
-
792
-
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.

2 175
-
14 399
-
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.

3 410
-
3 410
-
total
5 704
-
18 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 185
57 500
-
-
income
4 828
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
475
-
-
chamber of commerce
121
157
-
-
trade
5 295
9 459
-
-
total
10 509
18 716
-
-
Dividends
21 676
38 784
-
-
surtax

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

288
523
-
-
withholding
5 229
9 506
-
-
total
5 517
10 029
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 730
28 745
18 601
24 241
After tax
35 770
28 755
38 899
33 259
Living cost
19 611
19 611
19 611
19 611
Free-cash
16 159
9 144
19 288
13 648

Estimated living cost  is ₴19611 per week

₴13116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2068
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.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25855
₴23556
₴24190
₴23786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 576
social contributions
-
-
-
8 077
health
-
-
-
1 466
total
-
-
-
17 119
Employee
38 386
38 386
52 237
-
social contributions
1 865
3 186
4 297
-
income
4 031
3 553
7 305
-
health
382
653
888
-
total
6 278
7 392
12 490
-
Employer
38 386
38 386
52 237
-
health
416
710
966
-
social contributions
1 865
3 186
4 297
-
total
2 281
3 896
5 263
-
Corporate
32 749
15 218
-
-
income
4 093
1 902
-
-
total
4 093
1 902
-
-
Dividends
28 656
13 316
-
-
withholding
4 871
2 264
-
-
total
4 871
2 264
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 523
15 454
17 753
17 119
After tax
39 977
42 046
39 747
40 381
Living cost
16 191
16 191
16 191
16 191
Free-cash
23 786
25 855
23 556
24 190

Estimated living cost  is ₴16191 per week

₴11069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23435
₴24407
₴30908
₴23622
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 884
5 128
48 117
-
unemployment
193
77
722
-
pensions
1 288
513
4 812
-
income
1 575
627
5 882
-
health
902
359
3 368
-
total
3 958
1 576
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.

12 884
5 128
48 117
-
pensions
2 512
1 000
9 383
-
total
2 512
1 000
9 383
-
Corporate
42 103
51 372
-
-
income
3 789
4 624
-
-
total
3 789
4 624
-
-
Dividends
38 314
46 749
-
-
social contributions
7 413
9 057
-
-
withholding
7 280
8 882
-
-
total
14 693
17 939
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 952
25 139
24 167
17 666
After tax
32 548
32 361
33 333
39 834
Living cost
8 926
8 926
8 926
8 926
Free-cash
23 622
23 435
24 407
30 908

Estimated living cost  is ₴8926 per week

₴6091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
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.
₴1926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33943
₴21086
₴18763
₴30843
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
7 705
health
-
-
-
7 475
pensions
-
-
-
11 500
total
-
-
-
26 680
Employee
14 161
-
42 975
-
unemployment
226
-
688
-
pensions
283
-
859
-
income
1 594
-
8 285
-
total
2 103
-
9 832
-
Employer
14 161
-
42 975
-
health
1 841
-
5 586
-
pensions
2 832
-
8 595
-
unemployment
114
-
344
-
total
4 787
-
14 525
-
Corporate
38 552
57 500
-
-
income
7 710
11 500
-
-
total
7 710
11 500
-
-
Dividends
30 841
46 000
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 600
11 500
24 357
26 680
After tax
42 900
46 000
33 143
30 820
Living cost
12 057
12 057
12 057
12 057
Free-cash
30 843
33 943
21 086
18 763

Estimated living cost  is ₴12057 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6434
₴19041
₴28328
₴2957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
accident
-
-
-
127
income
-
-
-
14 568
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
18 080
Employee
17 449
-
49 890
-
pensions
1 965
-
3 847
-
income
2 394
-
10 198
-
health
1 998
-
5 712
-
total
6 357
-
19 757
-
Employer
17 449
-
49 890
-
pensions
2 837
-
5 555
-
accident
291
-
833
-
unemployment
427
-
1 222
-
total
3 555
-
7 610
-
Corporate
36 495
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.

32 846
51 750
-
-
total
32 846
51 750
-
-
Dividends
3 650
5 750
-
-
withholding
693
1 092
-
-
total
693
1 092
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 451
52 842
27 367
18 080
After tax
14 049
4 658
30 133
39 420
Living cost
11 092
11 092
11 092
11 092
Free-cash
2 957
-6 434
19 041
28 328

Estimated living cost  is ₴11092 per week

₴8130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50609
₴41984
₴52909
₴49856
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 019
-
57 500
-
income
1 004
-
11 500
-
total
1 004
-
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%.

52 481
57 500
-
-
total
-
-
-
-
Dividends
52 481
57 500
-
-
withholding
2 624
2 875
-
-
total
2 624
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
3 628
2 875
11 500
575
After tax
53 872
54 625
46 000
56 925
Living cost
4 016
4 016
4 016
4 016
Free-cash
49 856
50 609
41 984
52 909

Estimated living cost  is ₴4016 per week

₴2489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28943
₴20019
₴17639
₴25571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 497
other
-
-
-
2 731
health
-
-
-
2 530
pensions

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

-
-
-
13 801
total
-
-
-
26 559
Employee
18 125
-
45 927
-
unemployment
181
-
459
-
pensions

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

1 268
-
3 214
-
income
3 120
-
8 290
-
health
254
-
643
-
total
4 823
-
12 606
-
Employer
18 125
-
45 927
-
health
254
-
643
-
pensions

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

3 082
-
7 807
-
accident
145
-
368
-
unemployment
181
-
459
-
other
907
-
2 296
-
total
4 569
-
11 573
-
Corporate
34 807
57 500
-
-
income
7 310
12 075
-
-
total
7 310
12 075
-
-
Dividends
27 497
45 425
-
-
withholding
1 925
3 180
-
-
total
1 925
3 180
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 627
15 255
24 179
26 559
After tax
38 873
42 245
33 321
30 941
Living cost
13 302
13 302
13 302
13 302
Free-cash
25 571
28 943
20 019
17 639

Estimated living cost  is ₴13302 per week

₴9398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7601
₴1756
₴7105
₴2952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 228
pensions
-
-
-
3 875
total
-
-
-
17 103
Employee
47 104
-
50 509
-
pensions
4 544
-
4 953
-
income
8 491
-
9 662
-
health
776
-
846
-
total
13 811
-
15 461
-
Employer
47 104
-
50 509
-
health
895
-
959
-
pensions
5 562
-
6 032
-
total
6 457
-
6 991
-
Corporate
3 940
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.

749
10 925
-
-
total
749
10 925
-
-
Dividends
3 191
46 575
-
-
withholding
239
5 682
-
-
total
239
5 682
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 256
16 607
22 452
17 103
After tax
36 244
40 893
35 048
40 397
Living cost
33 292
33 292
33 292
33 292
Free-cash
2 952
7 601
1 756
7 105

Estimated living cost  is ₴33292 per week

₴24947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3912
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.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴42618
₴39602
₴37676
₴40300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
8 625
unemployment
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
13 280
Employee
8 665
-
54 079
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

761
-
1 531
-
income
866
-
5 408
-
health
399
-
802
-
total
2 121
-
7 933
-
Employer
8 665
-
54 079
-
health
598
-
1 203
-
pensions

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

955
-
1 921
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
unemployment
52
-
105
-
total
1 700
-
3 421
-
Corporate
47 134
57 500
-
-
income
4 714
5 750
-
-
total
4 714
5 750
-
-
Dividends
42 421
51 750
-
-
withholding
2 121
2 588
-
-
total
2 121
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
10 656
8 338
11 354
13 280
After tax
46 844
49 162
46 146
44 220
Living cost
6 544
6 544
6 544
6 544
Free-cash
40 300
42 618
39 602
37 676

Estimated living cost  is ₴6544 per week

₴3821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴332
₴2499
₴5171
₴1589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 643
health
-
-
-
6 156
pensions
-
-
-
5 849
total
-
-
-
24 648
Employee
46 282
42 629
48 931
-
pensions
5 849
5 849
5 849
-
income

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

6 978
6 978
6 978
-
health
5 774
5 566
5 925
-
total
18 601
18 393
18 752
-
Employer
46 282
42 629
48 931
-
health
3 216
2 963
3 401
-
pensions
3 221
2 967
3 406
-
unemployment
1 666
1 535
1 761
-
total
8 103
7 465
8 568
-
Corporate
3 115
7 406
-
-
income
623
1 481
-
-
total
623
1 481
-
-
Dividends
2 491
5 925
-
-
income
530
1 259
-
-
withholding
373
889
-
-
total
903
2 148
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 230
29 487
27 320
24 648
After tax
29 270
28 013
30 180
32 852
Living cost
27 681
27 681
27 681
27 681
Free-cash
1 589
332
2 499
5 171

Estimated living cost  is ₴27681 per week

₴20420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27356
₴16946
₴15772
₴22992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
4 942
social contributions
-
-
-
16 790
solidarity contribution
-
-
-
-
health
-
-
-
7 763
total
-
-
-
29 495
Employee
17 990
-
42 910
-
solidarity contribution
-
-
-
-
social contributions
1 169
-
2 789
-
income
2 159
-
5 149
-
health
2 429
-
5 793
-
total
5 757
-
13 731
-
Employer
17 990
-
42 910
-
health
1 619
-
3 862
-
social contributions
4 497
-
10 728
-
total
6 116
-
14 590
-
Corporate
33 394
57 500
-
-
income
6 345
10 925
-
-
total
6 345
10 925
-
-
Dividends
27 049
46 575
-
-
withholding
4 057
6 986
-
-
total
4 057
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 275
17 911
28 321
29 495
After tax
35 225
39 589
29 179
28 005
Living cost
12 233
12 233
12 233
12 233
Free-cash
22 992
27 356
16 946
15 772

Estimated living cost  is ₴12233 per week

₴8497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴870
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.
₴2625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9615
₴5177
₴7913
₴7006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
14 789
regional
-
-
-
648
municipal
-
-
-
342
national
-
-
-
12 744
total
-
-
-
28 523
Employee
44 366
-
57 500
-
municipal
235
-
305
-
national
7 688
-
10 997
-
regional
419
-
568
-
social contributions
14 960
-
19 389
-
total
23 302
-
31 259
-
Employer
44 366
-
57 500
-
total
-
-
-
-
Corporate
13 134
57 500
-
-
municipal
513
2 242
-
-
nationa
3 153
13 800
-
-
total
3 666
16 042
-
-
Dividends
9 469
41 458
-
-
withholding
2 462
10 779
-
-
total
2 462
10 779
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 430
26 821
31 259
28 523
After tax
28 070
30 679
26 241
28 977
Living cost
21 064
21 064
21 064
21 064
Free-cash
7 006
9 615
5 177
7 913

Estimated living cost  is ₴21064 per week

₴14683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4676
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25152
₴16491
₴17435
₴23597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
11 802
other
-
-
-
-
surtax
-
-
-
1 550
unemployment
-
-
-
114
health
-
-
-
4 083
pensions
-
-
-
11 500
total
-
-
-
29 049
Employee
16 508
-
47 501
-
other
-
-
-
-
unemployment
1 149
-
3 306
-
pensions
1 101
-
3 169
-
surtax
54
-
1 400
-
income
2 767
-
10 907
-
health
422
-
1 212
-
total
5 493
-
19 994
-
Employer
16 508
-
47 501
-
health
751
-
2 161
-
pensions
2 201
-
6 332
-
unemployment
523
-
1 506
-
other
-
-
-
-
total
3 475
-
9 999
-
Corporate
37 517
57 500
-
-
income
9 755
14 950
-
-
total
9 755
14 950
-
-
Dividends
27 762
42 550
-
-
withholding
4 164
6 382
-
-
total
4 164
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 887
21 332
29 993
29 049
After tax
34 613
36 168
27 507
28 451
Living cost
11 016
11 016
11 016
11 016
Free-cash
23 597
25 152
16 491
17 435

Estimated living cost  is ₴11016 per week

₴6735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
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.
₴3010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18148
₴12303
₴17652
₴16421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 228
pensions
-
-
-
3 875
total
-
-
-
17 103
Employee
31 568
-
50 509
-
pensions
2 679
-
4 953
-
income
5 685
-
9 662
-
health
458
-
846
-
total
8 822
-
15 461
-
Employer
31 568
-
50 509
-
health
600
-
959
-
pensions
3 417
-
6 032
-
total
4 017
-
6 991
-
Corporate
21 915
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.

4 164
10 925
-
-
total
4 164
10 925
-
-
Dividends
17 752
46 575
-
-
withholding
1 331
5 682
-
-
total
1 331
5 682
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 334
16 607
22 452
17 103
After tax
39 166
40 893
35 048
40 397
Living cost
22 745
22 745
22 745
22 745
Free-cash
16 421
18 148
12 303
17 652

Estimated living cost  is ₴22745 per week

₴17040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13186
₴5402
₴8256
₴3705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
other

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

-
-
-
1 150
regional
-
-
-
2 132
health
-
-
-
130
city
-
-
-
606
national
-
-
-
457
pensions
-
-
-
5 290
total
-
-
-
9 765
Employee
46 201
-
51 466
-
unemployment
-
-
-
-
pensions
3 882
-
4 323
-
national
219
-
340
-
regional
1 513
-
1 819
-
city
496
-
553
-
health
104
-
116
-
total
6 214
-
7 151
-
Employer
46 201
-
51 466
-
health
104
-
116
-
pensions
3 882
-
4 323
-
unemployment
-
-
-
-
other

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

924
-
1 029
-
total
4 910
-
5 468
-
Corporate
5 881
57 500
-
-
regional
1 244
12 162
-
-
national
500
4 887
-
-
total
1 744
17 049
-
-
Dividends
4 137
40 451
-
-
withholding
1 448
14 158
-
-
total
1 448
14 158
-
-
Income
57 500
57 500
57 500
57 500
Total tax
14 316
31 207
12 619
9 765
After tax
43 184
26 293
44 881
47 735
Living cost
39 479
39 479
39 479
39 479
Free-cash
3 705
-13 186
5 402
8 256

Estimated living cost  is ₴39479 per week

₴25673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5591
₴16031
₴10150
₴13686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
income

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

-
-
-
14 399
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.

-
-
-
792
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.

-
-
-
3 410
trade
-
-
-
5 881
total
-
-
-
24 482
Employee

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

30 001
-
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.

194
-
792
-
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.

3 528
-
14 399
-
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.

3 410
-
3 410
-
total
7 132
-
18 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 499
57 500
-
-
income
4 125
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.

226
475
-
-
chamber of commerce
115
156
-
-
trade
4 716
9 862
-
-
total
9 182
19 118
-
-
Dividends
18 318
38 382
-
-
surtax

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

242
517
-
-
withholding
4 390
9 406
-
-
total
4 632
9 923
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 946
29 041
18 601
24 482
After tax
36 554
28 459
38 899
33 018
Living cost
22 868
22 868
22 868
22 868
Free-cash
13 686
5 591
16 031
10 150

Estimated living cost  is ₴22868 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11900
₴17893
₴15815
₴14850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
6 549
other
-
-
-
1 783
surtax
-
-
-
-
social contributions
-
-
-
1 638
health
-
-
-
1 482
pensions
-
-
-
13 154
total
-
-
-
24 606
Employee
21 365
-
46 180
-
pensions
2 416
-
2 482
-
surtax
-
-
-
-
social contributions
609
-
1 315
-
income
1 261
-
7 413
-
total
4 286
-
11 210
-
Employer
21 365
-
46 180
-
health
1 496
-
3 409
-
pensions
3 510
-
4 308
-
unemployment
865
-
1 870
-
social contributions
64
-
138
-
other
737
-
1 593
-
total
6 672
-
11 318
-
Corporate
29 463
57 500
-
-
income
8 249
16 100
-
-
surtax
-
-
-
-
total
8 249
16 100
-
-
Dividends
21 214
41 400
-
-
surtax
-
-
-
-
social contributions
3 649
7 122
-
-
withholding
2 715
5 299
-
-
total
6 364
12 421
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 571
28 521
22 528
24 606
After tax
31 929
28 979
34 972
32 894
Living cost
17 079
17 079
17 079
17 079
Free-cash
14 850
11 900
17 893
15 815

Estimated living cost  is ₴17079 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
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.
₴4631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13592
₴19585
₴17507
₴16367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
6 549
other
-
-
-
1 783
surtax
-
-
-
-
social contributions
-
-
-
1 638
health
-
-
-
1 482
pensions
-
-
-
13 154
total
-
-
-
24 606
Employee
19 071
-
46 180
-
pensions
2 157
-
2 482
-
surtax
-
-
-
-
social contributions
544
-
1 315
-
income
983
-
7 413
-
total
3 684
-
11 210
-
Employer
19 071
-
46 180
-
health
1 335
-
3 409
-
pensions
3 134
-
4 308
-
unemployment
772
-
1 870
-
social contributions
57
-
138
-
other
658
-
1 593
-
total
5 956
-
11 318
-
Corporate
32 473
57 500
-
-
income
9 092
16 100
-
-
surtax
-
-
-
-
total
9 092
16 100
-
-
Dividends
23 381
41 400
-
-
surtax
-
-
-
-
social contributions
4 021
7 122
-
-
withholding
2 993
5 299
-
-
total
7 014
12 421
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 746
28 521
22 528
24 606
After tax
31 754
28 979
34 972
32 894
Living cost
15 387
15 387
15 387
15 387
Free-cash
16 367
13 592
19 585
17 507

Estimated living cost  is ₴15387 per week

₴8924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24496
₴26049
₴26341
₴24755
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
8 625
social contributions
-
-
-
7 935
health
-
-
-
4 014
total
-
-
-
20 574
Employee
16 926
-
57 500
-
social contributions
2 336
-
7 935
-
income
2 823
-
8 917
-
health
1 181
-
4 014
-
total
6 340
-
20 866
-
Employer
16 926
-
57 500
-
total
-
-
-
-
Corporate
40 574
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%.

2 029
2 875
-
-
total
2 029
2 875
-
-
Dividends
38 545
54 625
-
-
social contributions
5 319
7 538
-
-
withholding
5 782
8 193
-
-
health
2 690
3 813
-
-
total
13 791
19 544
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 160
22 419
20 866
20 574
After tax
35 340
35 081
36 634
36 926
Living cost
10 585
10 585
10 585
10 585
Free-cash
24 755
24 496
26 049
26 341

Estimated living cost  is ₴10585 per week

₴7084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14515
-₴1123
₴10903
₴13744
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
10 581
surtax
-
-
-
99
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
230
health
-
-
-
4 398
pensions
-
-
-
10 637
total
-
-
-
29 007
Employee
24 948
19 894
44 572
-
other
249
199
446
-
unemployment
748
597
1 338
-
pensions
2 555
2 037
4 564
-
income
2 840
1 467
9 361
-
health
965
770
1 725
-
total
7 357
5 070
17 434
-
Employer
24 948
19 894
44 572
-
chamber of commerce
99
80
178
-
health
943
752
1 685
-
pensions
3 131
2 497
5 594
-
accident
324
259
580
-
unemployment
748
597
1 338
-
surtax
99
99
99
-
payroll
748
597
1 338
-
other
1 185
944
2 117
-
total
7 277
5 825
12 929
-
Corporate
25 275
31 782
42 677
-
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.

6 319
7 945
10 670
-
total
6 319
7 945
10 670
-
Dividends
18 956
23 837
-
-
withholding
5 213
6 555
-
-
total
5 213
6 555
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 166
25 395
41 033
29 007
After tax
31 334
32 105
16 467
28 493
Living cost
17 590
17 590
17 590
17 590
Free-cash
13 744
14 515
-1 123
10 903

Estimated living cost  is ₴17590 per week

₴11732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴14019
₴3741
₴7942
₴6534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
communal

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

-
-
-
2 896
social contributions
-
-
-
9 238
national
-
-
-
19 223
total
-
-
-
31 357
Employee

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

35 708
-
44 536
-
unemployment

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

311
-
387
-
communal

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

1 862
-
2 323
-
pensions

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

2 678
-
3 340
-
national
10 978
-
14 449
-
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.

1 678
-
2 094
-
total
17 507
-
22 593
-
Employer

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

35 708
-
44 536
-
health

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

2 196
-
2 739
-
pensions

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

3 164
-
3 946
-
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.

464
-
579
-
unemployment

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

521
-
650
-
surtax
4 049
-
5 051
-
total
10 394
-
12 965
-
Corporate
11 398
57 500
-
-
income
2 279
11 500
-
-
surtax
45
230
-
-
total
2 324
11 730
-
-
Dividends
9 073
45 770
-
-
withholding

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

2 540
13 550
-
-
total
2 540
13 550
-
-
Income
57 500
57 500
57 500
57 500
Total tax
32 765
25 280
35 558
31 357
After tax
24 735
32 220
21 942
26 143
Living cost
18 201
18 201
18 201
18 201
Free-cash
6 534
14 019
3 741
7 942

Estimated living cost  is ₴18201 per week

₴11724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1591
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.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20667
₴11768
₴13524
₴16718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
accident
-
-
-
417
income
-
-
-
12 067
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
25 948
Employee
24 849
-
43 601
-
other
25
-
44
-
unemployment
386
-
675
-
pensions
1 168
-
2 049
-
income
5 243
-
11 036
-
total
6 822
-
13 804
-
Employer
24 849
-
43 601
-
pensions
5 864
-
10 290
-
accident
492
-
863
-
unemployment
1 367
-
2 398
-
other
198
-
349
-
total
7 921
-
13 900
-
Corporate
24 731
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.

3 710
8 625
-
-
total
3 710
8 625
-
-
Dividends
21 021
48 875
-
-
withholding
4 301
10 180
-
-
total
4 301
10 180
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 754
18 805
27 704
25 948
After tax
34 746
38 695
29 796
31 552
Living cost
18 028
18 028
18 028
18 028
Free-cash
16 718
20 667
11 768
13 524

Estimated living cost  is ₴18028 per week

₴13276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7775
₴6999
₴4663
₴4009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
communal
-
-
-
3 634
accident
-
-
-
485
income
-
-
-
6 082
surtax
-
-
-
2 850
health
-
-
-
4 039
pensions
-
-
-
8 619
total
-
-
-
25 709
Employee
37 804
-
51 362
-
pensions
3 024
-
4 109
-
surtax
2 317
-
3 148
-
income
3 651
-
7 692
-
health
1 682
-
2 286
-
total
10 674
-
17 235
-
Employer
37 804
-
51 362
-
health
1 153
-
1 567
-
pensions
3 024
-
4 109
-
accident
340
-
462
-
total
4 517
-
6 138
-
Corporate
15 179
57 500
-
-
communal
-
3 881
-
-
income
2 277
8 625
-
-
surtax
159
603
-
-
total
2 436
13 109
-
-
Dividends
12 743
44 390
-
-
income
6 824
2 829
-
-
withholding
1 912
6 659
-
-
total
8 736
9 488
-
-
Income
57 500
57 500
57 500
57 500
Total tax
26 363
22 597
23 373
25 709
After tax
31 137
34 903
34 127
31 791
Living cost
27 128
27 128
27 128
27 128
Free-cash
4 009
7 775
6 999
4 663

Estimated living cost  is ₴27128 per week

₴20350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24955
₴16294
₴17238
₴23367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
11 802
other
-
-
-
-
surtax
-
-
-
1 550
unemployment
-
-
-
114
health
-
-
-
4 083
pensions
-
-
-
11 500
total
-
-
-
29 049
Employee
16 811
-
47 501
-
other
-
-
-
-
unemployment
1 170
-
3 306
-
pensions
1 122
-
3 169
-
surtax
60
-
1 400
-
income
2 818
-
10 907
-
health
429
-
1 212
-
total
5 599
-
19 994
-
Employer
16 811
-
47 501
-
health
764
-
2 161
-
pensions
2 241
-
6 332
-
unemployment
533
-
1 506
-
other
-
-
-
-
total
3 538
-
9 999
-
Corporate
37 150
57 500
-
-
income
9 659
14 950
-
-
total
9 659
14 950
-
-
Dividends
27 491
42 550
-
-
withholding
4 124
6 382
-
-
total
4 124
6 382
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 920
21 332
29 993
29 049
After tax
34 580
36 168
27 507
28 451
Living cost
11 213
11 213
11 213
11 213
Free-cash
23 367
24 955
16 294
17 238

Estimated living cost  is ₴11213 per week

₴6770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
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.
₴3209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴16776
₴12589
₴15311
₴15667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
14 789
regional
-
-
-
867
municipal
-
-
-
342
national
-
-
-
12 744
total
-
-
-
28 742
Employee
27 691
-
57 500
-
municipal
147
-
305
-
national
4 387
-
10 997
-
regional
373
-
773
-
social contributions
9 338
-
19 389
-
total
14 245
-
31 464
-
Employer
27 691
-
57 500
-
total
-
-
-
-
Corporate
29 809
57 500
-
-
municipal
1 482
2 858
-
-
nationa
7 154
13 800
-
-
total
8 636
16 658
-
-
Dividends
21 173
40 842
-
-
withholding
5 505
10 619
-
-
total
5 505
10 619
-
-
Income
57 500
57 500
57 500
57 500
Total tax
28 386
27 277
31 464
28 742
After tax
29 114
30 223
26 036
28 758
Living cost
13 447
13 447
13 447
13 447
Free-cash
15 667
16 776
12 589
15 311

Estimated living cost  is ₴13447 per week

₴8363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24515
₴14105
₴12931
₴19137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
4 942
social contributions
-
-
-
16 790
solidarity contribution
-
-
-
-
health
-
-
-
7 763
total
-
-
-
29 495
Employee
22 168
-
42 910
-
solidarity contribution
-
-
-
-
social contributions
1 441
-
2 789
-
income
2 660
-
5 149
-
health
2 993
-
5 793
-
total
7 094
-
13 731
-
Employer
22 168
-
42 910
-
health
1 995
-
3 862
-
social contributions
5 542
-
10 728
-
total
7 537
-
14 590
-
Corporate
27 795
57 500
-
-
income
5 281
10 925
-
-
total
5 281
10 925
-
-
Dividends
22 514
46 575
-
-
withholding
3 377
6 986
-
-
total
3 377
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
23 289
17 911
28 321
29 495
After tax
34 211
39 589
29 179
28 005
Living cost
15 074
15 074
15 074
15 074
Free-cash
19 137
24 515
14 105
12 931

Estimated living cost  is ₴15074 per week

₴11210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴835
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.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16233
₴558
₴12666
₴15985
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
10 581
surtax
-
-
-
-
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
230
health
-
-
-
4 398
pensions
-
-
-
10 637
total
-
-
-
28 908
Employee
21 821
19 894
44 649
-
other
218
199
446
-
unemployment
655
597
1 340
-
pensions
2 235
2 037
4 572
-
income
1 944
1 467
9 389
-
health
844
770
1 728
-
total
5 896
5 070
17 475
-
Employer
21 821
19 894
44 649
-
chamber of commerce
87
80
179
-
health
825
752
1 688
-
pensions
2 739
2 497
5 603
-
accident
283
259
581
-
unemployment
655
597
1 340
-
surtax
-
-
-
-
payroll
655
597
1 340
-
other
1 036
944
2 121
-
total
6 280
5 726
12 852
-
Corporate
29 399
31 881
42 754
-
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.

7 349
7 970
10 689
-
total
7 349
7 970
10 689
-
Dividends
22 050
23 911
-
-
withholding
6 064
6 575
-
-
total
6 064
6 575
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 589
25 341
41 016
28 908
After tax
31 911
32 159
16 484
28 592
Living cost
15 926
15 926
15 926
15 926
Free-cash
15 985
16 233
558
12 666

Estimated living cost  is ₴15926 per week

₴9554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48367
₴39742
₴50667
₴47193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
microenterprise

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

-
-
-
575
total
-
-
-
575
Employee
7 822
-
57 500
-
income
1 565
-
11 500
-
total
1 565
-
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%.

49 678
57 500
-
-
total
-
-
-
-
Dividends
49 678
57 500
-
-
withholding
2 484
2 875
-
-
total
2 484
2 875
-
-
Income
57 500
57 500
57 500
57 500
Total tax
4 049
2 875
11 500
575
After tax
53 451
54 625
46 000
56 925
Living cost
6 258
6 258
6 258
6 258
Free-cash
47 193
48 367
39 742
50 667

Estimated living cost  is ₴6258 per week

₴4235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26199
₴14378
₴16028
₴22023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
57 500
income
-
-
-
11 837
unemployment
-
-
-
86
health
-
-
-
5 658
pensions
-
-
-
10 501
total
-
-
-
28 082
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.

22 075
-
49 753
-
unemployment
31
-
70
-
pensions
3 422
-
7 712
-
income
3 807
-
10 989
-
health
1 426
-
3 214
-
total
8 686
-
21 985
-
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.

22 075
-
49 753
-
health
1 470
-
3 314
-
pensions
1 953
-
4 403
-
unemployment
13
-
30
-
total
3 436
-
7 747
-
Corporate
31 988
57 500
-
-
income
6 078
10 925
-
-
total
6 078
10 925
-
-
Dividends
25 910
46 575
-
-
withholding
3 887
6 986
-
-
total
3 887
6 986
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 087
17 911
29 732
28 082
After tax
35 413
39 589
27 768
29 418
Living cost
13 390
13 390
13 390
13 390
Free-cash
22 023
26 199
14 378
16 028

Estimated living cost  is ₴13390 per week

₴9189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13648
₴29661
₴18402
-₴16224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
11 208
social contributions
-
-
-
6 555
total
-
-
-
17 763
Employee
30 591
-
-
-
social contributions
2 508
-
357
-
income
6 748
-
-
-
total
9 256
-
357
-
Employer
30 591
-
-
-
social contributions
43 133
-
6 147
-
total
43 133
-
6 147
-
Corporate
-
57 500
-
-
income
-
12 650
-
-
total
-
12 650
-
-
Dividends
-
44 850
-
-
income
-
9 867
-
-
total
-
9 867
-
-
Income
57 500
57 500
57 500
57 500
Total tax
52 389
22 517
6 504
17 763
After tax
5 111
34 983
50 996
39 737
Living cost
21 335
21 335
21 335
21 335
Free-cash
-16 224
13 648
29 661
18 402

Estimated living cost  is ₴21335 per week

₴13843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17048
₴12730
₴16136
₴16545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
income
-
-
-
5 725
surtax
-
-
-
-
social contributions

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

-
-
-
19 981
total
-
-
-
25 706
Employee
22 959
-
46 465
-
surtax
-
-
-
-
social contributions
2 526
-
5 111
-
income
4 776
-
12 966
-
total
7 302
-
18 077
-
Employer
22 959
-
46 465
-
social contributions
5 453
-
11 035
-
total
5 453
-
11 035
-
Corporate
29 088
57 500
-
-
income
6 108
12 075
-
-
surtax
-
-
-
-
total
6 108
12 075
-
-
Dividends
22 980
45 425
-
-
withholding
6 434
12 719
-
-
total
6 434
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 297
24 794
29 112
25 706
After tax
32 203
32 706
28 388
31 794
Living cost
15 658
15 658
15 658
15 658
Free-cash
16 545
17 048
12 730
16 136

Estimated living cost  is ₴15658 per week

₴11716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
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.
₴2758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4868
₴10861
₴8783
₴8299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
6 549
other
-
-
-
1 783
surtax
-
-
-
-
social contributions
-
-
-
1 638
health
-
-
-
1 482
pensions
-
-
-
13 154
total
-
-
-
24 606
Employee
31 266
-
46 180
-
pensions
3 536
-
2 482
-
surtax
-
-
-
-
social contributions
890
-
1 315
-
income
2 728
-
7 413
-
total
7 154
-
11 210
-
Employer
31 266
-
46 180
-
health
2 188
-
3 409
-
pensions
5 137
-
4 308
-
unemployment
1 267
-
1 870
-
social contributions
94
-
138
-
other
1 079
-
1 593
-
total
9 765
-
11 318
-
Corporate
16 469
57 500
-
-
income
4 612
16 100
-
-
surtax
-
-
-
-
total
4 612
16 100
-
-
Dividends
11 858
41 400
-
-
surtax
-
-
-
-
social contributions
2 041
7 122
-
-
withholding
1 518
5 299
-
-
total
3 559
12 421
-
-
Income
57 500
57 500
57 500
57 500
Total tax
25 090
28 521
22 528
24 606
After tax
32 410
28 979
34 972
32 894
Living cost
24 111
24 111
24 111
24 111
Free-cash
8 299
4 868
10 861
8 783

Estimated living cost  is ₴24111 per week

₴16318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36744
₴29917
₴28390
₴35067
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 453
social contributions
-
-
-
12 651
total
-
-
-
14 104
Employee
16 049
-
49 783
-
income
-
-
1 624
-
social contributions
1 043
-
3 236
-
total
1 043
-
4 860
-
Employer
16 049
-
49 783
-
social contributions
2 488
-
7 717
-
total
2 488
-
7 717
-
Corporate
38 964
57 500
-
-
income
3 896
5 750
-
-
total
3 896
5 750
-
-
Dividends
35 067
51 750
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
7 427
5 750
12 577
14 104
After tax
50 073
51 750
44 923
43 396
Living cost
15 006
15 006
15 006
15 006
Free-cash
35 067
36 744
29 917
28 390

Estimated living cost  is ₴15006 per week

₴9702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴51257
-₴51257
₴11174
-₴51257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
labour market
-
-
-
4 565
municipal
-
-
-
11 074
national
-
-
-
6 214
pensions
-
-
-
433
total
-
-
-
22 286
Employee
101 467
101 467
101 467
-
municipal
21 607
21 607
21 607
-
labour market
8 106
8 106
8 106
-
pensions
144
144
144
-
national
12 396
12 396
12 396
-
total
42 253
42 253
42 253
-
Employer
101 467
101 467
101 467
-
national
12 418
12 418
12 418
-
labour market
8 117
8 117
8 117
-
pensions
288
288
288
-
municipal
21 641
21 641
21 641
-
total
42 464
42 464
42 464
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
57 500
57 500
57 500
57 500
Total tax
84 717
84 717
84 717
22 286
After tax
-27 217
-27 217
-27 217
35 214
Living cost
24 040
24 040
24 040
24 040
Free-cash
-51 257
-51 257
-51 257
11 174

Estimated living cost  is ₴24040 per week

₴16453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6271
₴19204
₴28491
₴2982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
accident
-
-
-
127
income
-
-
-
14 568
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
18 080
Employee
17 191
-
49 890
-
pensions
1 936
-
3 847
-
income
2 358
-
10 198
-
health
1 969
-
5 712
-
total
6 263
-
19 757
-
Employer
17 191
-
49 890
-
pensions
2 795
-
5 555
-
accident
287
-
833
-
unemployment
421
-
1 222
-
total
3 503
-
7 610
-
Corporate
36 805
57 500
-
-
income

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

33 124
51 750
-
-
total
33 124
51 750
-
-
Dividends
3 681
5 750
-
-
withholding
699
1 092
-
-
total
699
1 092
-
-
Income
57 500
57 500
57 500
57 500
Total tax
43 589
52 842
27 367
18 080
After tax
13 911
4 658
30 133
39 420
Living cost
10 929
10 929
10 929
10 929
Free-cash
2 982
-6 271
19 204
28 491

Estimated living cost  is ₴10929 per week

₴7955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18487
₴12934
₴20816
₴18185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
health
-
-
-
677
municipal
-
-
-
10 228
national
-
-
-
6 613
total
-
-
-
17 518
Employee
26 264
-
48 373
-
municipal
4 302
-
7 892
-
unemployment
394
-
726
-
pensions
1 772
-
3 265
-
national
434
-
3 854
-
health
196
-
536
-
total
7 098
-
16 273
-
Employer
26 264
-
48 373
-
health
202
-
372
-
pensions
4 557
-
8 392
-
accident
27
-
48
-
unemployment
171
-
315
-
total
4 957
-
9 127
-
Corporate
26 281
57 500
-
-
income
5 256
11 500
-
-
total
5 256
11 500
-
-
Dividends

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

15 769
34 500
-
-
municipal
2 838
6 210
-
-
national
-
2 137
-
-
total
2 838
8 347
-
-
Income
57 500
57 500
57 500
57 500
Total tax
20 149
19 847
25 400
17 518
After tax
37 351
37 653
32 100
39 982
Living cost
19 166
19 166
19 166
19 166
Free-cash
18 185
18 487
12 934
20 816

Estimated living cost  is ₴19166 per week

₴12519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30488
₴28189
₴28823
₴27772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 576
social contributions
-
-
-
8 077
health
-
-
-
1 466
total
-
-
-
17 119
Employee
38 386
38 386
52 237
-
social contributions
1 451
3 186
4 297
-
income
4 180
3 553
7 305
-
health
297
653
888
-
total
5 928
7 392
12 490
-
Employer
38 386
38 386
52 237
-
health
323
710
966
-
social contributions
1 451
3 186
4 297
-
total
1 774
3 896
5 263
-
Corporate
38 240
15 218
-
-
income
4 780
1 902
-
-
total
4 780
1 902
-
-
Dividends
33 459
13 316
-
-
withholding
5 688
2 264
-
-
total
5 688
2 264
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 170
15 454
17 753
17 119
After tax
39 330
42 046
39 747
40 381
Living cost
11 558
11 558
11 558
11 558
Free-cash
27 772
30 488
28 189
28 823

Estimated living cost  is ₴11558 per week

₴6927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39690
₴28965
₴38979
₴37150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
57 500
income
-
-
-
5 599
unemployment
-
-
-
14
health
-
-
-
1 807
pensions
-
-
-
3 175
total
-
-
-
10 595
Employee

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

11 458
-
52 621
-
unemployment
57
-
237
-
pensions
1 718
-
7 105
-
income
783
-
4 362
-
health
974
-
4 026
-
total
3 532
-
15 730
-
Employer

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

11 458
-
52 621
-
health
493
-
2 037
-
pensions
630
-
2 605
-
unemployment
57
-
237
-
total
1 180
-
4 879
-
Corporate
44 862
57 500
-
-
income
4 037
5 175
-
-
total
4 037
5 175
-
-
Dividends
40 825
52 325
-
-
withholding
3 675
4 709
-
-
total
3 675
4 709
-
-
Income
57 500
57 500
57 500
57 500
Total tax
12 424
9 884
20 609
10 595
After tax
45 076
47 616
36 891
46 905
Living cost
7 926
7 926
7 926
7 926
Free-cash
37 150
39 690
28 965
38 979

Estimated living cost  is ₴7926 per week

₴5057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24968
₴16069
₴17825
₴22378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
accident
-
-
-
417
income
-
-
-
12 067
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
25 948
Employee
18 458
-
43 601
-
other
18
-
44
-
unemployment
286
-
675
-
pensions
868
-
2 049
-
income
3 559
-
11 036
-
total
4 731
-
13 804
-
Employer
18 458
-
43 601
-
pensions
4 356
-
10 290
-
accident
366
-
863
-
unemployment
1 016
-
2 398
-
other
148
-
349
-
total
5 886
-
13 900
-
Corporate
33 157
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.

4 973
8 625
-
-
total
4 973
8 625
-
-
Dividends
28 184
48 875
-
-
withholding
5 805
10 180
-
-
total
5 805
10 180
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 395
18 805
27 704
25 948
After tax
36 105
38 695
29 796
31 552
Living cost
13 727
13 727
13 727
13 727
Free-cash
22 378
24 968
16 069
17 825

Estimated living cost  is ₴13727 per week

₴9266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1320
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.
₴2902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34872
₴35704
₴35775
₴34706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 449
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
20 717
Employee
1 535
-
56 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
19 410
-
health
77
-
184
-
total
527
-
19 962
-
Employer
1 535
-
56 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
73
-
total
346
-
826
-
Corporate
55 620
57 500
-
-
income
12 236
12 650
-
-
total
12 236
12 650
-
-
Dividends
43 384
44 850
-
-
withholding
8 677
8 970
-
-
total
8 677
8 970
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 786
21 620
20 788
20 717
After tax
35 714
35 880
36 712
36 783
Living cost
1 008
1 008
1 008
1 008
Free-cash
34 706
34 872
35 704
35 775

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32910
₴22702
₴22703
₴30453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
57 500
income
-
-
-
12 217
unemployment
-
-
-
553
health
-
-
-
3 800
pensions
-
-
-
9 593
total
-
-
-
26 163
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.

13 019
-
50 896
-
unemployment
98
-
277
-
pensions
1 823
-
5 165
-
income
1 795
-
12 217
-
health
670
-
1 900
-
total
4 386
-
19 559
-
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.

13 019
-
50 896
-
health
670
-
1 900
-
pensions
1 562
-
4 428
-
unemployment
98
-
277
-
total
2 330
-
6 605
-
Corporate
42 150
57 500
-
-
income
6 323
8 625
-
-
total
6 323
8 625
-
-
Dividends
35 828
48 875
-
-
withholding
5 374
7 331
-
-
total
5 374
7 331
-
-
Income
57 500
57 500
57 500
57 500
Total tax
18 413
15 956
26 164
26 163
After tax
39 087
41 544
31 336
31 337
Living cost
8 634
8 634
8 634
8 634
Free-cash
30 453
32 910
22 702
22 703

Estimated living cost  is ₴8634 per week

₴5813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19248
₴14930
₴18336
₴19068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
income
-
-
-
5 725
surtax
-
-
-
-
social contributions

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

-
-
-
19 981
total
-
-
-
25 706
Employee
19 375
-
46 465
-
surtax
-
-
-
-
social contributions
2 131
-
5 111
-
income
3 786
-
12 966
-
total
5 917
-
18 077
-
Employer
19 375
-
46 465
-
social contributions
4 601
-
11 035
-
total
4 601
-
11 035
-
Corporate
33 524
57 500
-
-
income
7 040
12 075
-
-
surtax
-
-
-
-
total
7 040
12 075
-
-
Dividends
26 484
45 425
-
-
withholding
7 416
12 719
-
-
total
7 416
12 719
-
-
Income
57 500
57 500
57 500
57 500
Total tax
24 974
24 794
29 112
25 706
After tax
32 526
32 706
28 388
31 794
Living cost
13 458
13 458
13 458
13 458
Free-cash
19 068
19 248
14 930
18 336

Estimated living cost  is ₴13458 per week

₴9532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21151
₴12252
₴14008
₴17375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
accident
-
-
-
417
income
-
-
-
12 067
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
25 948
Employee
24 109
-
43 601
-
other
24
-
44
-
unemployment
373
-
675
-
pensions
1 133
-
2 049
-
income
5 035
-
11 036
-
total
6 565
-
13 804
-
Employer
24 109
-
43 601
-
pensions
5 690
-
10 290
-
accident
477
-
863
-
unemployment
1 326
-
2 398
-
other
193
-
349
-
total
7 686
-
13 900
-
Corporate
25 704
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.

3 856
8 625
-
-
total
3 856
8 625
-
-
Dividends
21 849
48 875
-
-
withholding
4 474
10 180
-
-
total
4 474
10 180
-
-
Income
57 500
57 500
57 500
57 500
Total tax
22 581
18 805
27 704
25 948
After tax
34 919
38 695
29 796
31 552
Living cost
17 544
17 544
17 544
17 544
Free-cash
17 375
21 151
12 252
14 008

Estimated living cost  is ₴17544 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40576
₴37560
₴35634
₴37535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
8 625
unemployment
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
13 280
Employee
11 369
-
54 079
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

998
-
1 531
-
income
1 137
-
5 408
-
health
523
-
802
-
total
2 783
-
7 933
-
Employer
11 369
-
54 079
-
health
785
-
1 203
-
pensions

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

1 253
-
1 921
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 231
-
3 421
-
Corporate
43 900
57 500
-
-
income
4 390
5 750
-
-
total
4 390
5 750
-
-
Dividends
39 510
51 750
-
-
withholding
1 975
2 588
-
-
total
1 975
2 588
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 379
8 338
11 354
13 280
After tax
46 121
49 162
46 146
44 220
Living cost
8 586
8 586
8 586
8 586
Free-cash
37 535
40 576
37 560
35 634

Estimated living cost  is ₴8586 per week

₴5679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10369
₴19626
₴14706
₴16900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
57 500
income

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

-
-
-
14 399
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.

-
-
-
792
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.

-
-
-
3 410
trade
-
-
-
4 920
total
-
-
-
23 521
Employee

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

24 838
-
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.

113
-
792
-
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.

2 042
-
14 399
-
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.

3 410
-
3 410
-
total
5 565
-
18 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 662
57 500
-
-
income
4 900
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.

269
475
-
-
chamber of commerce
124
160
-
-
trade
4 687
8 251
-
-
total
9 980
17 511
-
-
Dividends
22 682
39 989
-
-
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.

301
539
-
-
withholding
5 481
9 808
-
-
total
5 782
10 347
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 327
27 858
18 601
23 521
After tax
36 173
29 642
38 899
33 979
Living cost
19 273
19 273
19 273
19 273
Free-cash
16 900
10 369
19 626
14 706

Estimated living cost  is ₴19273 per week

₴13295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11815
₴9042
₴9042
₴12916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
income
-
-
-
14 749
social contributions
-
-
-
5 273
total
-
-
-
20 022
Employee
39 048
-
57 500
-
income
7 368
-
14 749
-
social contributions
3 244
-
5 273
-
total
10 612
-
20 022
-
Employer
39 048
-
57 500
-
total
-
-
-
-
Corporate
18 452
57 500
-
-
income
2 307
7 187
-
-
total
2 307
7 187
-
-
Dividends
16 145
50 313
-
-
withholding
3 229
10 062
-
-
total
3 229
10 062
-
-
Income
57 500
57 500
57 500
57 500
Total tax
16 148
17 249
20 022
20 022
After tax
41 352
40 251
37 478
37 478
Living cost
28 436
28 436
28 436
28 436
Free-cash
12 916
11 815
9 042
9 042

Estimated living cost  is ₴28436 per week

₴21634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16617
₴24227
₴22149
₴18362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
57 500
income
-
-
-
14 210
health

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

-
-
-
3 020
total
-
-
-
17 230
Employee
22 900
-
55 204
-
income
2 485
-
10 560
-
social contributions
2 294
-
2 296
-
total
4 779
-
12 856
-
Employer
22 900
-
55 204
-
social contributions
2 294
-
2 296
-
total
2 294
-
2 296
-
Corporate
32 305
57 500
-
-
income
11 307
20 125
-
-
total
11 307
20 125
-
-
Dividends
20 998
37 375
-
-
social contributions
2 637
2 637
-
-
total
2 637
2 637
-
-
Income
57 500
57 500
57 500
57 500
Total tax
21 017
22 762
15 152
17 230
After tax
36 483
34 738
42 348
40 270
Living cost
18 121
18 121
18 121
18 121
Free-cash
18 362
16 617
24 227
22 149

Estimated living cost  is ₴18121 per week

₴11936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
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.
₴4478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22402
₴16557
₴21906
₴21784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 228
pensions
-
-
-
3 875
total
-
-
-
17 103
Employee
25 381
-
50 509
-
pensions
1 937
-
4 953
-
income
4 622
-
9 662
-
health
331
-
846
-
total
6 890
-
15 461
-
Employer
25 381
-
50 509
-
health
482
-
959
-
pensions
2 564
-
6 032
-
total
3 046
-
6 991
-
Corporate
29 072
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.

5 523
10 925
-
-
total
5 523
10 925
-
-
Dividends
23 549
46 575
-
-
withholding
1 766
5 682
-
-
total
1 766
5 682
-
-
Income
57 500
57 500
57 500
57 500
Total tax
17 225
16 607
22 452
17 103
After tax
40 275
40 893
35 048
40 397
Living cost
18 491
18 491
18 491
18 491
Free-cash
21 784
22 402
16 557
21 906

Estimated living cost  is ₴18491 per week

₴12684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7353
₴18122
₴27409
₴2816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
accident
-
-
-
127
income
-
-
-
14 568
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
18 080
Employee
18 893
-
49 890
-
pensions
2 127
-
3 847
-
income
2 592
-
10 198
-
health
2 163
-
5 712
-
total
6 882
-
19 757
-
Employer
18 893
-
49 890
-
pensions
3 072
-
5 555
-
accident
315
-
833
-
unemployment
463
-
1 222
-
total
3 850
-
7 610
-
Corporate
34 757
57 500
-
-
income

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

31 281
51 750
-
-
total
31 281
51 750
-
-
Dividends
3 476
5 750
-
-
withholding
660
1 092
-
-
total
660
1 092
-
-
Income
57 500
57 500
57 500
57 500
Total tax
42 673
52 842
27 367
18 080
After tax
14 827
4 658
30 133
39 420
Living cost
12 011
12 011
12 011
12 011
Free-cash
2 816
-7 353
18 122
27 409

Estimated living cost  is ₴12011 per week

₴8814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴41642
₴30757
₴25924
₴39308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
57 500
income
-
-
-
9 020
unemployment
-
-
-
690
work injury
-
-
-
287
health insurance
-
-
-
4 255
pensions
-
-
-
10 580
total
-
-
-
24 832
Employee

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

10 790
-
57 500
-
health insurance
798
-
2 954
-
unemployment
129
-
479
-
work injury
54
-
200
-
pensions
1 985
-
7 346
-
income
1 079
-
9 020
-
total
4 045
-
19 999
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 710
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%.

467
575
-
-
total
467
575
-
-
Dividends
46 243
56 925
-
-
withholding
6 936
8 539
-
-
total
6 936
8 539
-
-
Income
57 500
57 500
57 500
57 500
Total tax
11 448
9 114
19 999
24 832
After tax
46 052
48 386
37 501
32 668
Living cost
6 744
6 744
6 744
6 744
Free-cash
39 308
41 642
30 757
25 924

Estimated living cost  is ₴6744 per week

₴4178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
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.
₴1865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10400
₴5846
₴8477
₴8130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
57 500
social contributions
-
-
-
14 789
regional
-
-
-
1 218
municipal
-
-
-
385
national
-
-
-
12 744
total
-
-
-
29 136
Employee
42 066
-
57 500
-
municipal
251
-
343
-
national
7 109
-
10 997
-
regional
635
-
1 038
-
social contributions
14 184
-
19 389
-
total
22 179
-
31 767
-
Employer
42 066
-
57 500
-
total
-
-
-
-
Corporate
15 434
57 500
-
-
municipal
744
2 772
-
-
nationa
3 704
13 800
-
-
total
4 448
16 572
-
-
Dividends
10 987
40 929
-
-
withholding
2 856
10 641
-
-
total
2 856
10 641
-
-
Income
57 500
57 500
57 500
57 500
Total tax
29 483
27 213
31 767
29 136
After tax
28 017
30 287
25 733
28 364
Living cost
19 887
19 887
19 887
19 887
Free-cash
8 130
10 400
5 846
8 477

Estimated living cost  is ₴19887 per week

₴13969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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