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
₴ 58000
per

Your estimated
City
free-cash

Dresden , Germany
₴16308
₴21047
₴19229
₴25228
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
trade
-
-
-
5 999
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.

-
-
-
15 994
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.

-
-
-
2 926
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.

-
-
-
879
total
-
-
-
25 798
Employee

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

16 382
-
58 000
-
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.

2 926
-
2 926
-
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.

25
-
879
-
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.

458
-
15 994
-
total
3 409
-
19 799
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 618
58 000
-
-
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.

343
479
-
-
income
6 242
8 700
-
-
trade
6 555
9 135
-
-
chamber of commerce
125
149
-
-
total
13 265
18 463
-
-
Dividends
28 353
39 537
-
-
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.

381
535
-
-
withholding
6 925
9 721
-
-
total
7 306
10 256
-
-
Income
58 000
58 000
58 000
58 000
Total tax
23 980
28 719
19 799
25 798
After tax
34 020
29 281
38 201
32 202
Living cost
12 973
12 973
12 973
12 973
Free-cash
21 047
16 308
25 228
19 229

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14549
₴14188
₴12885
₴13339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
municipal
-
-
-
6 232
pensions
-
-
-
6 960
national
-
-
-
9 657
social contributions
-
-
-
623
total
-
-
-
23 472
Employee
33 550
-
50 140
-
municipal
4 144
-
6 457
-
pensions
1 342
-
2 006
-
national
6 422
-
10 005
-
total
11 908
-
18 468
-
Employer
33 550
-
50 140
-
social contributions
361
-
539
-
pensions
2 684
-
4 011
-
total
3 045
-
4 550
-
Corporate
19 191
58 000
-
-
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%.

3 838
11 600
-
-
total
3 838
11 600
-
-
Dividends
15 352
46 400
-
-
withholding
3 378
10 208
-
-
total
3 378
10 208
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 169
21 808
23 018
23 472
After tax
35 831
36 192
34 982
34 528
Living cost
21 643
21 643
21 643
21 643
Free-cash
14 188
14 549
13 339
12 885

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37489
₴33975
₴8810
₴23608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
microenterprise
-
-
-
-
income
-
-
-
9 078
surtax
-
-
-
14 790
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.

-
-
-
16 411
total
-
-
-
40 279
Employee
12 516
-
46 740
-
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.

1 377
-
5 141
-
surtax
-
-
-
-
income
2 228
-
9 080
-
total
3 605
-
14 221
-
Employer
12 516
-
46 740
-
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.

3 015
-
11 260
-
surtax
-
-
-
-
total
3 015
-
11 260
-
Corporate
42 470
58 000
-
-
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%.

8 494
11 600
-
-
total
8 494
11 600
-
-
Dividends

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

33 976
46 400
-
-
total
-
-
-
-
Income
58 000
58 000
58 000
58 000
Total tax
15 114
11 600
25 481
40 279
After tax
42 886
46 400
32 519
17 721
Living cost
8 911
8 911
8 911
8 911
Free-cash
33 975
37 489
23 608
8 810

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10514
₴7888
₴15292
₴15811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
14 465
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
24 765
Employee
36 577
36 577
50 040
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 287
-
Employer
36 577
36 577
50 040
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
15 467
15 018
-
-
income
3 094
3 003
-
-
total
3 094
3 003
-
-
Dividends
12 374
12 015
-
-
income
2 629
2 553
-
-
withholding
1 856
1 802
-
-
total
4 485
4 355
-
-
Income
58 000
58 000
58 000
58 000
Total tax
32 169
29 543
24 246
24 765
After tax
25 831
28 457
33 754
33 235
Living cost
17 943
17 943
17 943
17 943
Free-cash
7 888
10 514
15 811
15 292

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15119
₴14748
₴14131
₴13685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
municipal
-
-
-
14 162
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
2 650
total
-
-
-
27 320
Employee
23 581
-
46 604
-
municipal
7 032
-
13 897
-
national
-
-
2 472
-
total
7 032
-
16 369
-
Employer
23 581
-
46 604
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
27 010
58 000
-
-
income
5 942
12 760
-
-
total
5 942
12 760
-
-
Dividends
21 068
45 240
-
-
withholding
6 320
13 572
-
-
total
6 320
13 572
-
-
Income
58 000
58 000
58 000
58 000
Total tax
26 703
26 332
27 766
27 320
After tax
31 297
31 668
30 234
30 680
Living cost
16 549
16 549
16 549
16 549
Free-cash
14 748
15 119
13 685
14 131

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12158
₴18176
₴15110
₴21375
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
trade
-
-
-
6 265
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.

-
-
-
15 994
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.

-
-
-
2 926
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.

-
-
-
879
total
-
-
-
26 064
Employee

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

21 721
-
58 000
-
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.

2 926
-
2 926
-
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.

102
-
879
-
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.

1 866
-
15 994
-
total
4 894
-
19 799
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 279
58 000
-
-
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.

299
479
-
-
income
5 442
8 700
-
-
trade
5 968
9 541
-
-
chamber of commerce
116
147
-
-
total
11 825
18 867
-
-
Dividends
24 454
39 133
-
-
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.

328
529
-
-
withholding
5 951
9 620
-
-
total
6 279
10 149
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 998
29 016
19 799
26 064
After tax
35 002
28 984
38 201
31 936
Living cost
16 826
16 826
16 826
16 826
Free-cash
18 176
12 158
21 375
15 110

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28477
₴26699
₴26625
₴26065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
9 074
health
-
-
-
1 479
social contributions
-
-
-
6 930
total
-
-
-
17 483
Employee
32 936
32 936
53 326
-
social contributions
1 600
2 733
3 687
-
health
328
560
906
-
income
3 459
3 049
8 776
-
total
5 387
6 342
13 369
-
Employer
32 936
32 936
53 326
-
social contributions
1 600
2 733
3 687
-
health
357
610
987
-
total
1 957
3 343
4 674
-
Corporate
36 764
21 721
-
-
income
4 596
2 715
-
-
total
4 596
2 715
-
-
Dividends
32 168
19 007
-
-
withholding
5 469
3 231
-
-
total
5 469
3 231
-
-
Income
58 000
58 000
58 000
58 000
Total tax
17 409
15 631
18 043
17 483
After tax
40 591
42 369
39 957
40 517
Living cost
13 892
13 892
13 892
13 892
Free-cash
26 699
28 477
26 065
26 625

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24836
₴24998
₴32398
₴25842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
7 090
pensions
-
-
-
5 800
unemployment
-
-
-
870
health
-
-
-
4 060
total
-
-
-
17 820
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.

11 234
4 471
48 536
-
health
786
313
3 397
-
income
1 373
547
5 933
-
pensions
1 123
447
4 854
-
unemployment
169
67
728
-
total
3 451
1 374
14 912
-
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.

11 234
4 471
48 536
-
pensions
2 191
872
9 464
-
total
2 191
872
9 464
-
Corporate
44 576
52 657
-
-
income
4 012
4 739
-
-
total
4 012
4 739
-
-
Dividends
40 564
47 918
-
-
social contributions
7 859
9 293
-
-
withholding
7 707
9 104
-
-
total
15 566
18 397
-
-
Income
58 000
58 000
58 000
58 000
Total tax
25 220
25 382
24 376
17 820
After tax
32 780
32 618
33 624
40 180
Living cost
7 782
7 782
7 782
7 782
Free-cash
24 998
24 836
25 842
32 398

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36055
₴33395
₴20743
₴23087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
7 772
pensions
-
-
-
11 600
health
-
-
-
7 540
total
-
-
-
26 912
Employee
12 151
-
43 348
-
income
1 368
-
8 357
-
pensions
243
-
867
-
unemployment
194
-
693
-
total
1 805
-
9 917
-
Employer
12 151
-
43 348
-
unemployment
98
-
347
-
pensions
2 430
-
8 669
-
health
1 579
-
5 635
-
total
4 107
-
14 651
-
Corporate
41 742
58 000
-
-
income
8 348
11 600
-
-
total
8 348
11 600
-
-
Dividends
33 394
46 400
-
-
total
-
-
-
-
Income
58 000
58 000
58 000
58 000
Total tax
14 260
11 600
24 568
26 912
After tax
43 740
46 400
33 432
31 088
Living cost
10 345
10 345
10 345
10 345
Free-cash
33 395
36 055
23 087
20 743

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4670
₴3261
₴30341
₴21540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
accident
-
-
-
108
income
-
-
-
15 324
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
18 291
Employee
14 736
-
51 199
-
health
1 687
-
5 862
-
income
2 022
-
11 181
-
pensions
1 659
-
3 249
-
total
5 368
-
20 292
-
Employer
14 736
-
51 199
-
accident
246
-
855
-
unemployment
361
-
1 254
-
pensions
2 396
-
4 691
-
total
3 003
-
6 800
-
Corporate
40 261
58 000
-
-
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.

36 235
52 200
-
-
total
36 235
52 200
-
-
Dividends
4 026
5 800
-
-
withholding
765
1 102
-
-
total
765
1 102
-
-
Income
58 000
58 000
58 000
58 000
Total tax
45 371
53 302
27 092
18 291
After tax
12 629
4 698
30 908
39 709
Living cost
9 368
9 368
9 368
9 368
Free-cash
3 261
-4 670
21 540
30 341

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51246
₴50524
₴53566
₴42546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
58 000
microenterprise

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

-
-
-
580
total
-
-
-
580
Employee
4 817
-
58 000
-
income
963
-
11 600
-
total
963
-
11 600
-
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%.

53 183
58 000
-
-
total
-
-
-
-
Dividends
53 183
58 000
-
-
withholding
2 659
2 900
-
-
total
2 659
2 900
-
-
Income
58 000
58 000
58 000
58 000
Total tax
3 622
2 900
11 600
580
After tax
54 378
55 100
46 400
57 420
Living cost
3 854
3 854
3 854
3 854
Free-cash
50 524
51 246
42 546
53 566

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31200
₴28309
₴19480
₴21878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
7 881
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.

-
-
-
13 919
other
-
-
-
2 755
health
-
-
-
2 552
total
-
-
-
27 107
Employee
15 552
-
46 326
-
health
218
-
649
-
income
2 677
-
8 680
-
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.

1 088
-
3 243
-
unemployment
155
-
463
-
total
4 138
-
13 035
-
Employer
15 552
-
46 326
-
accident
124
-
371
-
other
778
-
2 316
-
unemployment
155
-
463
-
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.

2 644
-
7 875
-
health
218
-
649
-
total
3 919
-
11 674
-
Corporate
38 529
58 000
-
-
income
8 091
12 180
-
-
total
8 091
12 180
-
-
Dividends
30 438
45 820
-
-
withholding
2 130
3 207
-
-
total
2 130
3 207
-
-
Income
58 000
58 000
58 000
58 000
Total tax
18 278
15 387
24 709
27 107
After tax
39 722
42 613
33 291
30 893
Living cost
11 413
11 413
11 413
11 413
Free-cash
28 309
31 200
21 878
19 480

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11132
₴8809
₴11047
₴5700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
14 696
pensions
-
-
-
3 513
total
-
-
-
18 209
Employee
40 669
-
50 831
-
health
670
-
806
-
income
7 331
-
11 131
-
pensions
3 923
-
4 450
-
total
11 924
-
16 387
-
Employer
40 669
-
50 831
-
pensions
4 802
-
6 204
-
health
772
-
965
-
total
5 574
-
7 169
-
Corporate
11 757
58 000
-
-
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.

2 234
11 020
-
-
total
2 234
11 020
-
-
Dividends
9 523
46 980
-
-
withholding
715
7 104
-
-
total
715
7 104
-
-
Income
58 000
58 000
58 000
58 000
Total tax
20 447
18 124
23 556
18 209
After tax
37 553
39 876
34 444
39 791
Living cost
28 744
28 744
28 744
28 744
Free-cash
8 809
11 132
5 700
11 047

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴43971
₴41981
₴39683
₴41769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
8 700
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
12 698
Employee
7 440
-
55 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
5 506
-
pensions

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

653
-
1 314
-
total
1 821
-
7 674
-
Employer
7 440
-
55 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
49 100
58 000
-
-
income
4 910
5 800
-
-
total
4 910
5 800
-
-
Dividends
44 189
52 200
-
-
withholding
2 209
2 610
-
-
total
2 209
2 610
-
-
Income
58 000
58 000
58 000
58 000
Total tax
10 400
8 410
10 612
12 698
After tax
47 600
49 590
47 388
45 302
Living cost
5 619
5 619
5 619
5 619
Free-cash
41 981
43 971
41 769
39 683

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4706
₴5781
₴9484
₴10003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
14 465
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
24 765
Employee
39 710
36 577
50 040
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 287
-
Employer
39 710
36 577
50 040
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
11 337
15 018
-
-
income
2 268
3 003
-
-
total
2 268
3 003
-
-
Dividends
9 069
12 015
-
-
income
1 927
2 553
-
-
withholding
1 361
1 802
-
-
total
3 288
4 355
-
-
Income
58 000
58 000
58 000
58 000
Total tax
28 468
29 543
24 246
24 765
After tax
29 532
28 457
33 754
33 235
Living cost
23 751
23 751
23 751
23 751
Free-cash
5 781
4 706
10 003
9 484

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
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.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29674
₴26013
₴19838
₴19174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
5 311
health
-
-
-
7 830
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
27 903
Employee
15 086
-
43 284
-
social contributions
981
-
2 813
-
health
2 037
-
5 843
-
solidarity contribution
-
-
-
-
income
1 810
-
5 194
-
total
4 828
-
13 850
-
Employer
15 086
-
43 284
-
social contributions
3 772
-
10 821
-
health
1 358
-
3 896
-
total
5 130
-
14 717
-
Corporate
37 784
58 000
-
-
income
7 179
11 020
-
-
total
7 179
11 020
-
-
Dividends
30 605
46 980
-
-
withholding
4 591
7 047
-
-
total
4 591
7 047
-
-
Income
58 000
58 000
58 000
58 000
Total tax
21 728
18 067
28 567
27 903
After tax
36 272
39 933
29 433
30 097
Living cost
10 259
10 259
10 259
10 259
Free-cash
26 013
29 674
19 174
19 838

Estimated living cost  is ₴10259 per week

₴7126
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12872
₴10637
₴10617
₴7858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
municipal
-
-
-
345
regional
-
-
-
666
national
-
-
-
13 381
social contributions
-
-
-
14 918
total
-
-
-
29 310
Employee
38 066
-
58 000
-
social contributions
12 836
-
19 558
-
regional
359
-
587
-
municipal
202
-
307
-
national
6 596
-
11 617
-
total
19 993
-
32 069
-
Employer
38 066
-
58 000
-
total
-
-
-
-
Corporate
19 934
58 000
-
-
nationa
4 784
13 920
-
-
municipal
777
2 262
-
-
total
5 561
16 182
-
-
Dividends
14 373
41 818
-
-
withholding
3 736
10 873
-
-
total
3 736
10 873
-
-
Income
58 000
58 000
58 000
58 000
Total tax
29 290
27 055
32 069
29 310
After tax
28 710
30 945
25 931
28 690
Living cost
18 073
18 073
18 073
18 073
Free-cash
10 637
12 872
7 858
10 617

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27030
₴25697
₴18069
₴16999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
13 070
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
1 820
total
-
-
-
30 479
Employee
14 164
-
47 914
-
other
-
-
-
-
health
362
-
1 222
-
surtax
46
-
1 652
-
income
2 374
-
12 058
-
pensions
944
-
3 196
-
unemployment
986
-
3 335
-
total
4 712
-
21 463
-
Employer
14 164
-
47 914
-
other
-
-
-
-
unemployment
449
-
1 519
-
pensions
1 888
-
6 387
-
health
645
-
2 180
-
total
2 982
-
10 086
-
Corporate
40 854
58 000
-
-
income
10 622
15 080
-
-
total
10 622
15 080
-
-
Dividends
30 233
42 920
-
-
withholding
4 535
6 438
-
-
total
4 535
6 438
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 851
21 518
31 549
30 479
After tax
35 149
36 482
26 451
27 521
Living cost
9 452
9 452
9 452
9 452
Free-cash
25 697
27 030
16 999
18 069

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20239
₴20438
₴20154
₴14807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
14 696
pensions
-
-
-
3 513
total
-
-
-
18 209
Employee
27 255
-
50 831
-
health
396
-
806
-
income
4 909
-
11 131
-
pensions
2 313
-
4 450
-
total
7 618
-
16 387
-
Employer
27 255
-
50 831
-
pensions
2 950
-
6 204
-
health
518
-
965
-
total
3 468
-
7 169
-
Corporate
27 277
58 000
-
-
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.

5 182
11 020
-
-
total
5 182
11 020
-
-
Dividends
22 094
46 980
-
-
withholding
1 657
7 104
-
-
total
1 657
7 104
-
-
Income
58 000
58 000
58 000
58 000
Total tax
17 925
18 124
23 556
18 209
After tax
40 075
39 876
34 444
39 791
Living cost
19 637
19 637
19 637
19 637
Free-cash
20 438
20 239
14 807
20 154

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5850
₴7999
₴15274
₴12459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
city
-
-
-
611
pensions
-
-
-
5 336
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.

-
-
-
1 160
regional
-
-
-
2 469
health
-
-
-
131
national
-
-
-
647
total
-
-
-
10 354
Employee
37 884
-
51 914
-
city
407
-
558
-
regional
1 241
-
2 108
-
health
86
-
116
-
pensions
3 183
-
4 360
-
unemployment
-
-
-
-
national
179
-
513
-
total
5 096
-
7 655
-
Employer
37 884
-
51 914
-
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.

757
-
1 038
-
unemployment
-
-
-
-
pensions
3 183
-
4 360
-
health
86
-
116
-
total
4 026
-
5 514
-
Corporate
15 674
58 000
-
-
regional
3 315
12 267
-
-
national
1 332
4 930
-
-
total
4 647
17 197
-
-
Dividends
11 027
40 803
-
-
withholding
3 860
14 281
-
-
total
3 860
14 281
-
-
Income
58 000
58 000
58 000
58 000
Total tax
17 629
31 478
13 169
10 354
After tax
40 371
26 522
44 831
47 646
Living cost
32 372
32 372
32 372
32 372
Free-cash
7 999
-5 850
12 459
15 274

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
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.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9065
₴16009
₴12048
₴18580
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
trade
-
-
-
6 532
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.

-
-
-
15 994
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.

-
-
-
2 926
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.

-
-
-
879
total
-
-
-
26 331
Employee

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

25 741
-
58 000
-
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.

2 926
-
2 926
-
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.

167
-
879
-
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.

3 027
-
15 994
-
total
6 120
-
19 799
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 259
58 000
-
-
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.

266
479
-
-
income
4 839
8 700
-
-
trade
5 532
9 947
-
-
chamber of commerce
111
146
-
-
total
10 748
19 272
-
-
Dividends
21 512
38 727
-
-
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.

287
523
-
-
withholding
5 215
9 519
-
-
total
5 502
10 042
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 370
29 314
19 799
26 331
After tax
35 630
28 686
38 201
31 669
Living cost
19 621
19 621
19 621
19 621
Free-cash
16 009
9 065
18 580
12 048

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14578
₴17109
₴18313
₴19174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
7 669
pensions
-
-
-
12 005
other
-
-
-
1 798
health
-
-
-
1 908
surtax
-
-
-
-
social contributions
-
-
-
1 653
total
-
-
-
25 033
Employee
18 331
-
45 917
-
social contributions
523
-
1 309
-
surtax
-
-
-
-
income
1 082
-
8 013
-
pensions
2 073
-
2 766
-
total
3 678
-
12 088
-
Employer
18 331
-
45 917
-
other
632
-
1 610
-
social contributions
55
-
137
-
unemployment
742
-
1 860
-
pensions
3 011
-
4 733
-
health
1 283
-
3 744
-
total
5 723
-
12 084
-
Corporate
33 944
58 000
-
-
surtax
-
-
-
-
income
9 504
16 240
-
-
total
9 504
16 240
-
-
Dividends
24 440
41 760
-
-
surtax
-
-
-
-
social contributions
4 203
7 183
-
-
withholding
3 129
5 345
-
-
total
7 332
12 528
-
-
Income
58 000
58 000
58 000
58 000
Total tax
26 237
28 768
24 172
25 033
After tax
31 763
29 232
33 828
32 967
Living cost
14 654
14 654
14 654
14 654
Free-cash
17 109
14 578
19 174
18 313

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴16030
₴18408
₴19765
₴20626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
7 669
pensions
-
-
-
12 005
other
-
-
-
1 798
health
-
-
-
1 908
surtax
-
-
-
-
social contributions
-
-
-
1 653
total
-
-
-
25 033
Employee
16 363
-
45 917
-
social contributions
467
-
1 309
-
surtax
-
-
-
-
income
844
-
8 013
-
pensions
1 851
-
2 766
-
total
3 162
-
12 088
-
Employer
16 363
-
45 917
-
other
565
-
1 610
-
social contributions
49
-
137
-
unemployment
662
-
1 860
-
pensions
2 689
-
4 733
-
health
1 145
-
3 744
-
total
5 110
-
12 084
-
Corporate
36 527
58 000
-
-
surtax
-
-
-
-
income
10 228
16 240
-
-
total
10 228
16 240
-
-
Dividends
26 299
41 760
-
-
surtax
-
-
-
-
social contributions
4 524
7 183
-
-
withholding
3 366
5 345
-
-
total
7 890
12 528
-
-
Income
58 000
58 000
58 000
58 000
Total tax
26 390
28 768
24 172
25 033
After tax
31 610
29 232
33 828
32 967
Living cost
13 202
13 202
13 202
13 202
Free-cash
18 408
16 030
20 626
19 765

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26303
₴26527
₴28165
₴27481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
8 700
health
-
-
-
4 049
social contributions
-
-
-
8 004
total
-
-
-
20 753
Employee
14 522
-
58 000
-
social contributions
2 004
-
8 004
-
health
1 014
-
4 049
-
income
2 422
-
9 384
-
total
5 440
-
21 437
-
Employer
14 522
-
58 000
-
total
-
-
-
-
Corporate
43 478
58 000
-
-
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%.

2 174
2 900
-
-
total
2 174
2 900
-
-
Dividends
41 303
55 100
-
-
health
2 883
3 846
-
-
social contributions
5 699
7 604
-
-
withholding
6 195
8 265
-
-
total
14 777
19 715
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 391
22 615
21 437
20 753
After tax
35 609
35 385
36 563
37 247
Living cost
9 082
9 082
9 082
9 082
Free-cash
26 527
26 303
27 481
28 165

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17166
₴16504
₴14239
₴554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
chamber of commerce
-
-
-
232
income
-
-
-
12 640
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
28 669
Employee
21 405
17 069
44 973
-
other
214
171
449
-
health
828
661
1 740
-
income
2 437
1 259
10 347
-
pensions
2 192
1 748
4 605
-
unemployment
642
512
1 349
-
total
6 313
4 351
18 490
-
Employer
21 405
17 069
44 973
-
accident
278
222
584
-
other
1 017
810
2 136
-
chamber of commerce
85
68
180
-
unemployment
642
512
1 349
-
surtax
85
85
85
-
pensions
2 686
2 143
5 644
-
payroll
642
512
1 349
-
health
809
645
1 700
-
total
6 244
4 997
13 027
-
Corporate
30 351
35 934
43 347
-
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.

7 588
8 983
10 837
-
total
7 588
8 983
10 837
-
Dividends
22 763
26 951
-
-
withholding
6 259
7 411
-
-
total
6 259
7 411
-
-
Income
58 000
58 000
58 000
58 000
Total tax
26 404
25 742
42 354
28 669
After tax
31 596
32 258
15 646
29 331
Living cost
15 092
15 092
15 092
15 092
Free-cash
16 504
17 166
554
14 239

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16857
₴10432
₴10087
₴5776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
national
-
-
-
20 212
communal

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

-
-
-
2 931
social contributions
-
-
-
9 153
total
-
-
-
32 296
Employee

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

30 638
-
44 922
-
communal

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

1 598
-
2 343
-
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.

1 439
-
2 112
-
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.

2 298
-
3 369
-
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.

267
-
391
-
national
9 419
-
15 314
-
total
15 021
-
23 529
-
Employer

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

30 638
-
44 922
-
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.

398
-
584
-
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.

447
-
656
-
surtax
3 474
-
5 095
-
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.

2 715
-
3 980
-
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.

1 884
-
2 763
-
total
8 918
-
13 078
-
Corporate
18 444
58 000
-
-
surtax
74
232
-
-
income
3 689
11 600
-
-
total
3 763
11 832
-
-
Dividends
14 682
46 169
-
-
withholding

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

4 249
13 694
-
-
total
4 249
13 694
-
-
Income
58 000
58 000
58 000
58 000
Total tax
31 951
25 526
36 607
32 296
After tax
26 049
32 474
21 393
25 704
Living cost
15 617
15 617
15 617
15 617
Free-cash
10 432
16 857
5 776
10 087

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23404
₴20163
₴17061
₴15005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
accident
-
-
-
358
income
-
-
-
13 560
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
25 471
Employee
21 321
-
45 344
-
other
21
-
40
-
income
4 499
-
12 350
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
14 871
-
Employer
21 321
-
45 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
29 883
58 000
-
-
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.

4 483
8 700
-
-
total
4 483
8 700
-
-
Dividends
25 401
49 300
-
-
withholding
5 237
10 428
-
-
total
5 237
10 428
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 369
19 128
27 527
25 471
After tax
35 631
38 872
30 473
32 529
Living cost
15 468
15 468
15 468
15 468
Free-cash
20 163
23 404
15 005
17 061

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11520
₴7041
₴7351
₴9664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
accident
-
-
-
489
income
-
-
-
7 572
pensions
-
-
-
8 694
health
-
-
-
4 075
surtax
-
-
-
2 876
communal
-
-
-
3 666
total
-
-
-
27 372
Employee
32 436
-
51 809
-
health
1 444
-
2 305
-
surtax
1 988
-
3 175
-
income
3 133
-
9 242
-
pensions
2 594
-
4 145
-
total
9 159
-
18 867
-
Employer
32 436
-
51 809
-
accident
292
-
467
-
pensions
2 594
-
4 145
-
health
989
-
1 580
-
total
3 875
-
6 192
-
Corporate
21 688
58 000
-
-
surtax
228
609
-
-
communal
1 464
3 915
-
-
income
3 253
8 700
-
-
total
4 945
13 224
-
-
Dividends
16 744
44 776
-
-
income
7 191
3 263
-
-
withholding
2 512
6 716
-
-
total
9 703
9 979
-
-
Income
58 000
58 000
58 000
58 000
Total tax
27 682
23 203
25 059
27 372
After tax
30 318
34 797
32 941
30 628
Living cost
23 277
23 277
23 277
23 277
Free-cash
7 041
11 520
9 664
7 351

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26862
₴25499
₴17901
₴16831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
13 070
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
1 820
total
-
-
-
30 479
Employee
14 424
-
47 914
-
other
-
-
-
-
health
368
-
1 222
-
surtax
51
-
1 652
-
income
2 418
-
12 058
-
pensions
962
-
3 196
-
unemployment
1 004
-
3 335
-
total
4 803
-
21 463
-
Employer
14 424
-
47 914
-
other
-
-
-
-
unemployment
458
-
1 519
-
pensions
1 923
-
6 387
-
health
656
-
2 180
-
total
3 037
-
10 086
-
Corporate
40 539
58 000
-
-
income
10 541
15 080
-
-
total
10 541
15 080
-
-
Dividends
29 999
42 920
-
-
withholding
4 500
6 438
-
-
total
4 500
6 438
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 881
21 518
31 549
30 479
After tax
35 119
36 482
26 451
27 521
Living cost
9 620
9 620
9 620
9 620
Free-cash
25 499
26 862
16 831
17 901

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
₴18949
₴17996
₴16943
₴14199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
municipal
-
-
-
345
regional
-
-
-
875
national
-
-
-
13 381
social contributions
-
-
-
14 918
total
-
-
-
29 519
Employee
23 759
-
58 000
-
social contributions
8 012
-
19 558
-
regional
320
-
781
-
municipal
126
-
307
-
national
3 764
-
11 617
-
total
12 222
-
32 263
-
Employer
23 759
-
58 000
-
total
-
-
-
-
Corporate
34 241
58 000
-
-
nationa
8 218
13 920
-
-
municipal
1 702
2 882
-
-
total
9 920
16 802
-
-
Dividends
24 321
41 198
-
-
withholding
6 324
10 711
-
-
total
6 324
10 711
-
-
Income
58 000
58 000
58 000
58 000
Total tax
28 466
27 513
32 263
29 519
After tax
29 534
30 487
25 737
28 481
Living cost
11 538
11 538
11 538
11 538
Free-cash
17 996
18 949
14 199
16 943

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27292
₴22782
₴17456
₴16792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
5 311
health
-
-
-
7 830
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
27 903
Employee
18 590
-
43 284
-
social contributions
1 208
-
2 813
-
health
2 510
-
5 843
-
solidarity contribution
-
-
-
-
income
2 231
-
5 194
-
total
5 949
-
13 850
-
Employer
18 590
-
43 284
-
social contributions
4 648
-
10 821
-
health
1 673
-
3 896
-
total
6 321
-
14 717
-
Corporate
33 089
58 000
-
-
income
6 287
11 020
-
-
total
6 287
11 020
-
-
Dividends
26 802
46 980
-
-
withholding
4 020
7 047
-
-
total
4 020
7 047
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 577
18 067
28 567
27 903
After tax
35 423
39 933
29 433
30 097
Living cost
12 641
12 641
12 641
12 641
Free-cash
22 782
27 292
16 792
17 456

Estimated living cost  is ₴12641 per week

₴9401
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.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18639
₴18427
₴15751
₴1995
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
chamber of commerce
-
-
-
232
income
-
-
-
12 640
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
28 584
Employee
18 723
17 069
45 038
-
other
187
171
450
-
health
724
661
1 743
-
income
1 668
1 259
10 370
-
pensions
1 917
1 748
4 612
-
unemployment
562
512
1 351
-
total
5 058
4 351
18 526
-
Employer
18 723
17 069
45 038
-
accident
243
222
585
-
other
889
810
2 139
-
chamber of commerce
75
68
180
-
unemployment
562
512
1 351
-
surtax
-
-
-
-
pensions
2 350
2 143
5 652
-
payroll
562
512
1 351
-
health
708
645
1 703
-
total
5 389
4 912
12 961
-
Corporate
33 889
36 018
43 412
-
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.

8 472
9 004
10 853
-
total
8 472
9 004
10 853
-
Dividends
25 417
27 014
-
-
withholding
6 989
7 429
-
-
total
6 989
7 429
-
-
Income
58 000
58 000
58 000
58 000
Total tax
25 908
25 696
42 340
28 584
After tax
32 092
32 304
15 660
29 416
Living cost
13 665
13 665
13 665
13 665
Free-cash
18 427
18 639
1 995
15 751

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49095
₴47969
₴51415
₴40395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
58 000
microenterprise

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

-
-
-
580
total
-
-
-
580
Employee
7 506
-
58 000
-
income
1 501
-
11 600
-
total
1 501
-
11 600
-
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%.

50 494
58 000
-
-
total
-
-
-
-
Dividends
50 494
58 000
-
-
withholding
2 525
2 900
-
-
total
2 525
2 900
-
-
Income
58 000
58 000
58 000
58 000
Total tax
4 026
2 900
11 600
580
After tax
53 974
55 100
46 400
57 420
Living cost
6 005
6 005
6 005
6 005
Free-cash
47 969
49 095
40 395
51 415

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28445
₴24863
₴17723
₴16189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
income
-
-
-
12 401
pensions
-
-
-
10 593
unemployment
-
-
-
87
health
-
-
-
5 708
total
-
-
-
28 789
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.

18 940
-
50 186
-
health
1 223
-
3 242
-
income
3 266
-
11 419
-
pensions
2 936
-
7 779
-
unemployment
27
-
70
-
total
7 452
-
22 510
-
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.

18 940
-
50 186
-
unemployment
11
-
30
-
pensions
1 676
-
4 441
-
health
1 261
-
3 342
-
total
2 948
-
7 813
-
Corporate
36 111
58 000
-
-
income
6 861
11 020
-
-
total
6 861
11 020
-
-
Dividends
29 250
46 980
-
-
withholding
4 388
7 047
-
-
total
4 388
7 047
-
-
Income
58 000
58 000
58 000
58 000
Total tax
21 649
18 067
30 323
28 789
After tax
36 351
39 933
27 677
29 211
Living cost
11 488
11 488
11 488
11 488
Free-cash
24 863
28 445
16 189
17 723

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16789
-₴5922
₴21585
₴33862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
11 305
social contributions
-
-
-
6 612
total
-
-
-
17 917
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
-
58 000
-
-
income
-
12 760
-
-
total
-
12 760
-
-
Dividends
-
45 240
-
-
income
-
9 953
-
-
total
-
9 953
-
-
Income
58 000
58 000
58 000
58 000
Total tax
45 424
22 713
5 640
17 917
After tax
12 576
35 287
52 360
40 083
Living cost
18 498
18 498
18 498
18 498
Free-cash
-5 922
16 789
33 862
21 585

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
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.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19556
₴19123
₴18217
₴14349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
income
-
-
-
6 193
surtax
-
-
-
-
social contributions

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

-
-
-
20 155
total
-
-
-
26 348
Employee
19 699
-
46 869
-
social contributions
2 167
-
5 156
-
surtax
-
-
-
-
income
4 098
-
13 929
-
total
6 265
-
19 085
-
Employer
19 699
-
46 869
-
social contributions
4 679
-
11 131
-
total
4 679
-
11 131
-
Corporate
33 622
58 000
-
-
surtax
-
-
-
-
income
7 061
12 180
-
-
total
7 061
12 180
-
-
Dividends
26 561
45 820
-
-
withholding
7 437
12 829
-
-
total
7 437
12 829
-
-
Income
58 000
58 000
58 000
58 000
Total tax
25 442
25 009
30 216
26 348
After tax
32 558
32 991
27 784
31 652
Living cost
13 435
13 435
13 435
13 435
Free-cash
19 123
19 556
14 349
18 217

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8545
₴11488
₴12280
₴13141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
7 669
pensions
-
-
-
12 005
other
-
-
-
1 798
health
-
-
-
1 908
surtax
-
-
-
-
social contributions
-
-
-
1 653
total
-
-
-
25 033
Employee
26 826
-
45 917
-
social contributions
764
-
1 309
-
surtax
-
-
-
-
income
2 341
-
8 013
-
pensions
3 034
-
2 766
-
total
6 139
-
12 088
-
Employer
26 826
-
45 917
-
other
926
-
1 610
-
social contributions
80
-
137
-
unemployment
1 087
-
1 860
-
pensions
4 408
-
4 733
-
health
1 878
-
3 744
-
total
8 379
-
12 084
-
Corporate
22 795
58 000
-
-
surtax
-
-
-
-
income
6 383
16 240
-
-
total
6 383
16 240
-
-
Dividends
16 412
41 760
-
-
surtax
-
-
-
-
social contributions
2 823
7 183
-
-
withholding
2 101
5 345
-
-
total
4 924
12 528
-
-
Income
58 000
58 000
58 000
58 000
Total tax
25 825
28 768
24 172
25 033
After tax
32 175
29 232
33 828
32 967
Living cost
20 687
20 687
20 687
20 687
Free-cash
11 488
8 545
13 141
12 280

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39325
₴37886
₴30442
₴31984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
1 923
social contributions
-
-
-
12 760
total
-
-
-
14 683
Employee
13 770
-
50 217
-
income
-
-
2 095
-
social contributions
895
-
3 263
-
total
895
-
5 358
-
Employer
13 770
-
50 217
-
social contributions
2 134
-
7 783
-
total
2 134
-
7 783
-
Corporate
42 096
58 000
-
-
income
4 210
5 800
-
-
total
4 210
5 800
-
-
Dividends
37 886
52 200
-
-
total
-
-
-
-
Income
58 000
58 000
58 000
58 000
Total tax
7 239
5 800
13 141
14 683
After tax
50 761
52 200
44 859
43 317
Living cost
12 875
12 875
12 875
12 875
Free-cash
37 886
39 325
31 984
30 442

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35362
-₴35362
₴14580
-₴35362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
municipal
-
-
-
11 563
pensions
-
-
-
371
national
-
-
-
6 239
labour market
-
-
-
4 610
total
-
-
-
22 783
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
58 000
58 000
58 000
58 000
Total tax
72 725
72 725
72 725
22 783
After tax
-14 725
-14 725
-14 725
35 217
Living cost
20 637
20 637
20 637
20 637
Free-cash
-35 362
-35 362
-35 362
14 580

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
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.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4532
₴3281
₴30479
₴21678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
accident
-
-
-
108
income
-
-
-
15 324
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
18 291
Employee
14 519
-
51 199
-
health
1 663
-
5 862
-
income
1 992
-
11 181
-
pensions
1 635
-
3 249
-
total
5 290
-
20 292
-
Employer
14 519
-
51 199
-
accident
242
-
855
-
unemployment
356
-
1 254
-
pensions
2 361
-
4 691
-
total
2 959
-
6 800
-
Corporate
40 522
58 000
-
-
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.

36 470
52 200
-
-
total
36 470
52 200
-
-
Dividends
4 052
5 800
-
-
withholding
770
1 102
-
-
total
770
1 102
-
-
Income
58 000
58 000
58 000
58 000
Total tax
45 489
53 302
27 092
18 291
After tax
12 511
4 698
30 908
39 709
Living cost
9 230
9 230
9 230
9 230
Free-cash
3 281
-4 532
21 678
30 479

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
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.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20961
₴21336
₴23044
₴15090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
58 000
municipal
-
-
-
10 311
health
-
-
-
714
national
-
-
-
7 487
total
-
-
-
18 512
Employee
22 535
-
48 793
-
health
168
-
573
-
municipal
3 691
-
7 955
-
pensions
1 521
-
3 294
-
unemployment
338
-
732
-
national
372
-
4 705
-
total
6 090
-
17 259
-
Employer
22 535
-
48 793
-
accident
23
-
49
-
unemployment
146
-
317
-
pensions
3 910
-
8 465
-
health
173
-
376
-
total
4 252
-
9 207
-
Corporate
31 214
58 000
-
-
income
6 242
11 600
-
-
total
6 242
11 600
-
-
Dividends

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

18 728
34 800
-
-
national
265
2 731
-
-
municipal
3 371
6 264
-
-
total
3 636
8 995
-
-
Income
58 000
58 000
58 000
58 000
Total tax
20 220
20 595
26 466
18 512
After tax
37 780
37 405
31 534
39 488
Living cost
16 444
16 444
16 444
16 444
Free-cash
21 336
20 961
15 090
23 044

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32452
₴30122
₴30600
₴30040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
9 074
health
-
-
-
1 479
social contributions
-
-
-
6 930
total
-
-
-
17 483
Employee
32 936
32 936
53 326
-
social contributions
1 245
2 733
3 687
-
health
255
560
906
-
income
3 586
3 049
8 776
-
total
5 086
6 342
13 369
-
Employer
32 936
32 936
53 326
-
social contributions
1 245
2 733
3 687
-
health
277
610
987
-
total
1 522
3 343
4 674
-
Corporate
41 474
21 721
-
-
income
5 184
2 715
-
-
total
5 184
2 715
-
-
Dividends
36 290
19 007
-
-
withholding
6 169
3 231
-
-
total
6 169
3 231
-
-
Income
58 000
58 000
58 000
58 000
Total tax
17 961
15 631
18 043
17 483
After tax
40 039
42 369
39 957
40 517
Living cost
9 917
9 917
9 917
9 917
Free-cash
30 122
32 452
30 040
30 600

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41230
₴39049
₴41156
₴32566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
58 000
income
-
-
-
5 757
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
10 044
Employee

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

9 831
-
53 814
-
health
836
-
3 454
-
income
672
-
4 695
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
14 448
-
Employer

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

9 831
-
53 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
47 157
58 000
-
-
income
4 245
5 220
-
-
total
4 245
5 220
-
-
Dividends
42 912
52 780
-
-
withholding
3 862
4 750
-
-
total
3 862
4 750
-
-
Income
58 000
58 000
58 000
58 000
Total tax
12 151
9 970
18 634
10 044
After tax
45 849
48 030
39 366
47 956
Living cost
6 800
6 800
6 800
6 800
Free-cash
39 049
41 230
32 566
41 156

Estimated living cost  is ₴6800 per week

₴4339
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27094
₴25021
₴20751
₴18695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
accident
-
-
-
358
income
-
-
-
13 560
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
25 471
Employee
15 837
-
45 344
-
other
15
-
40
-
income
3 053
-
12 350
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
14 871
-
Employer
15 837
-
45 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
37 113
58 000
-
-
income

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

5 567
8 700
-
-
total
5 567
8 700
-
-
Dividends
31 546
49 300
-
-
withholding
6 527
10 428
-
-
total
6 527
10 428
-
-
Income
58 000
58 000
58 000
58 000
Total tax
21 201
19 128
27 527
25 471
After tax
36 799
38 872
30 473
32 529
Living cost
11 778
11 778
11 778
11 778
Free-cash
25 021
27 094
18 695
20 751

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35022
₴34829
₴35843
₴35761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
19 515
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
20 987
Employee
1 782
-
57 040
-
health
89
-
213
-
income
345
-
19 470
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
20 110
-
Employer
1 782
-
57 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
55 817
58 000
-
-
income
12 280
12 760
-
-
total
12 280
12 760
-
-
Dividends
43 538
45 240
-
-
withholding
8 708
9 048
-
-
total
8 708
9 048
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 001
21 808
21 069
20 987
After tax
35 999
36 192
36 931
37 013
Living cost
1 170
1 170
1 170
1 170
Free-cash
34 829
35 022
35 761
35 843

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34497
₴32389
₴25915
₴25916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
income
-
-
-
12 711
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
24 677
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.

11 170
-
52 334
-
health
575
-
1 630
-
income
1 540
-
12 711
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
19 010
-
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.

11 170
-
52 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
44 830
58 000
-
-
income
6 725
8 700
-
-
total
6 725
8 700
-
-
Dividends
38 106
49 300
-
-
withholding
5 716
7 395
-
-
total
5 716
7 395
-
-
Income
58 000
58 000
58 000
58 000
Total tax
18 203
16 095
24 676
24 677
After tax
39 797
41 905
33 324
33 323
Living cost
7 408
7 408
7 408
7 408
Free-cash
32 389
34 497
25 916
25 915

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21444
₴21289
₴20105
₴16237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
income
-
-
-
6 193
surtax
-
-
-
-
social contributions

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

-
-
-
20 155
total
-
-
-
26 348
Employee
16 624
-
46 869
-
social contributions
1 829
-
5 156
-
surtax
-
-
-
-
income
3 248
-
13 929
-
total
5 077
-
19 085
-
Employer
16 624
-
46 869
-
social contributions
3 948
-
11 131
-
total
3 948
-
11 131
-
Corporate
37 428
58 000
-
-
surtax
-
-
-
-
income
7 860
12 180
-
-
total
7 860
12 180
-
-
Dividends
29 568
45 820
-
-
withholding
8 279
12 829
-
-
total
8 279
12 829
-
-
Income
58 000
58 000
58 000
58 000
Total tax
25 164
25 009
30 216
26 348
After tax
32 836
32 991
27 784
31 652
Living cost
11 547
11 547
11 547
11 547
Free-cash
21 289
21 444
16 237
20 105

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23819
₴20724
₴17476
₴15420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
accident
-
-
-
358
income
-
-
-
13 560
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
25 471
Employee
20 686
-
45 344
-
other
20
-
40
-
income
4 321
-
12 350
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
14 871
-
Employer
20 686
-
45 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
30 719
58 000
-
-
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.

4 608
8 700
-
-
total
4 608
8 700
-
-
Dividends
26 111
49 300
-
-
withholding
5 386
10 428
-
-
total
5 386
10 428
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 223
19 128
27 527
25 471
After tax
35 777
38 872
30 473
32 529
Living cost
15 053
15 053
15 053
15 053
Free-cash
20 724
23 819
15 420
17 476

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42218
₴39606
₴37930
₴40016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
8 700
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
12 698
Employee
9 762
-
55 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
5 506
-
pensions

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

857
-
1 314
-
total
2 389
-
7 674
-
Employer
9 762
-
55 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
46 322
58 000
-
-
income
4 632
5 800
-
-
total
4 632
5 800
-
-
Dividends
41 690
52 200
-
-
withholding
2 085
2 610
-
-
total
2 085
2 610
-
-
Income
58 000
58 000
58 000
58 000
Total tax
11 022
8 410
10 612
12 698
After tax
46 978
49 590
47 388
45 302
Living cost
7 372
7 372
7 372
7 372
Free-cash
39 606
42 218
40 016
37 930

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13342
₴18946
₴16200
₴21665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
trade
-
-
-
5 465
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.

-
-
-
15 994
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.

-
-
-
2 926
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.

-
-
-
879
total
-
-
-
25 264
Employee

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

21 311
-
58 000
-
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.

2 926
-
2 926
-
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.

97
-
879
-
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.

1 752
-
15 994
-
total
4 775
-
19 799
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 689
58 000
-
-
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.

302
479
-
-
income
5 504
8 700
-
-
trade
5 265
8 323
-
-
chamber of commerce
119
150
-
-
total
11 190
17 652
-
-
Dividends
25 499
40 347
-
-
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.

341
546
-
-
withholding
6 212
9 924
-
-
total
6 553
10 470
-
-
Income
58 000
58 000
58 000
58 000
Total tax
22 518
28 122
19 799
25 264
After tax
35 482
29 878
38 201
32 736
Living cost
16 536
16 536
16 536
16 536
Free-cash
18 946
13 342
21 665
16 200

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16201
₴17147
₴8207
₴8207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
16 121
social contributions
-
-
-
9 273
total
-
-
-
25 394
Employee
33 504
-
58 000
-
income
6 322
-
16 121
-
social contributions
2 783
-
9 273
-
total
9 105
-
25 394
-
Employer
33 504
-
58 000
-
total
-
-
-
-
Corporate
24 496
58 000
-
-
income
3 062
7 250
-
-
total
3 062
7 250
-
-
Dividends
21 434
50 750
-
-
withholding
4 287
10 150
-
-
total
4 287
10 150
-
-
Income
58 000
58 000
58 000
58 000
Total tax
16 454
17 400
25 394
25 394
After tax
41 546
40 600
32 606
32 606
Living cost
24 399
24 399
24 399
24 399
Free-cash
17 147
16 201
8 207
8 207

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19889
₴21385
₴27399
₴26756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
56 030
-
income
2 132
-
11 756
-
social contributions
1 969
-
1 970
-
total
4 101
-
13 726
-
Employer
19 649
-
56 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
36 383
58 000
-
-
income
12 734
20 300
-
-
total
12 734
20 300
-
-
Dividends
23 648
37 700
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
58 000
58 000
58 000
58 000
Total tax
21 067
22 563
15 696
15 053
After tax
36 933
35 437
42 304
42 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
21 385
19 889
26 756
27 399

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23911
₴25066
₴23826
₴18479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
income
-
-
-
14 696
pensions
-
-
-
3 513
total
-
-
-
18 209
Employee
21 914
-
50 831
-
health
286
-
806
-
income
3 991
-
11 131
-
pensions
1 673
-
4 450
-
total
5 950
-
16 387
-
Employer
21 914
-
50 831
-
pensions
2 214
-
6 204
-
health
416
-
965
-
total
2 630
-
7 169
-
Corporate
33 456
58 000
-
-
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.

6 357
11 020
-
-
total
6 357
11 020
-
-
Dividends
27 099
46 980
-
-
withholding
2 032
7 104
-
-
total
2 032
7 104
-
-
Income
58 000
58 000
58 000
58 000
Total tax
16 969
18 124
23 556
18 209
After tax
41 031
39 876
34 444
39 791
Living cost
15 965
15 965
15 965
15 965
Free-cash
25 066
23 911
18 479
23 826

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5445
₴3143
₴29566
₴20765
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
accident
-
-
-
108
income
-
-
-
15 324
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
18 291
Employee
15 956
-
51 199
-
health
1 827
-
5 862
-
income
2 189
-
11 181
-
pensions
1 797
-
3 249
-
total
5 813
-
20 292
-
Employer
15 956
-
51 199
-
accident
266
-
855
-
unemployment
391
-
1 254
-
pensions
2 594
-
4 691
-
total
3 251
-
6 800
-
Corporate
38 792
58 000
-
-
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.

34 913
52 200
-
-
total
34 913
52 200
-
-
Dividends
3 879
5 800
-
-
withholding
737
1 102
-
-
total
737
1 102
-
-
Income
58 000
58 000
58 000
58 000
Total tax
44 714
53 302
27 092
18 291
After tax
13 286
4 698
30 908
39 709
Living cost
10 143
10 143
10 143
10 143
Free-cash
3 143
-5 445
20 765
29 566

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴43022
₴41019
₴26966
₴33498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
58 000
work injury
-
-
-
290
health insurance
-
-
-
4 292
income
-
-
-
9 299
pensions
-
-
-
10 672
unemployment
-
-
-
696
total
-
-
-
25 249
Employee

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

9 257
-
58 000
-
work injury
46
-
171
-
income
926
-
9 299
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
18 717
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 743
58 000
-
-
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%.

487
580
-
-
total
487
580
-
-
Dividends
48 256
57 420
-
-
withholding
7 238
8 613
-
-
total
7 238
8 613
-
-
Income
58 000
58 000
58 000
58 000
Total tax
11 196
9 193
18 717
25 249
After tax
46 804
48 807
39 283
32 751
Living cost
5 785
5 785
5 785
5 785
Free-cash
41 019
43 022
33 498
26 966

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴13488
₴11540
₴10952
₴8300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
58 000
municipal
-
-
-
388
regional
-
-
-
1 298
national
-
-
-
13 381
social contributions
-
-
-
14 918
total
-
-
-
29 985
Employee
36 093
-
58 000
-
social contributions
12 170
-
19 558
-
regional
545
-
1 116
-
municipal
215
-
346
-
national
6 099
-
11 617
-
total
19 029
-
32 637
-
Employer
36 093
-
58 000
-
total
-
-
-
-
Corporate
21 907
58 000
-
-
nationa
5 258
13 920
-
-
municipal
1 056
2 795
-
-
total
6 314
16 715
-
-
Dividends
15 593
41 285
-
-
withholding
4 054
10 734
-
-
total
4 054
10 734
-
-
Income
58 000
58 000
58 000
58 000
Total tax
29 397
27 449
32 637
29 985
After tax
28 603
30 551
25 363
28 015
Living cost
17 063
17 063
17 063
17 063
Free-cash
11 540
13 488
8 300
10 952

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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