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
₴ 60500
per

Your estimated
City
free-cash

Dresden , Germany
₴17640
₴22349
₴20250
₴26660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
trade
-
-
-
6 410
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.

-
-
-
17 093
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.

-
-
-
2 909
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.

-
-
-
940
total
-
-
-
27 352
Employee

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

16 287
-
60 500
-
health

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

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

2 909
-
2 909
-
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
-
940
-
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.

455
-
17 093
-
total
3 389
-
20 942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 213
60 500
-
-
surtax

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

364
499
-
-
income
6 632
9 075
-
-
trade
6 964
9 529
-
-
chamber of commerce
128
152
-
-
total
14 088
19 255
-
-
Dividends
30 125
41 245
-
-
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.

406
558
-
-
withholding
7 370
10 149
-
-
total
7 776
10 707
-
-
Income
60 500
60 500
60 500
60 500
Total tax
25 253
29 962
20 942
27 352
After tax
35 247
30 538
39 558
33 148
Living cost
12 898
12 898
12 898
12 898
Free-cash
22 349
17 640
26 660
20 250

Estimated living cost  is ₴12898 per week

₴8113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16297
₴15940
₴14491
₴14966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
municipal
-
-
-
6 528
pensions
-
-
-
7 260
national
-
-
-
10 116
social contributions
-
-
-
650
total
-
-
-
24 554
Employee
33 259
-
52 302
-
municipal
4 108
-
6 762
-
pensions
1 330
-
2 092
-
national
6 366
-
10 479
-
total
11 804
-
19 333
-
Employer
33 259
-
52 302
-
social contributions
358
-
562
-
pensions
2 661
-
4 184
-
total
3 019
-
4 746
-
Corporate
22 027
60 500
-
-
income

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

4 405
12 100
-
-
total
4 405
12 100
-
-
Dividends
17 622
48 400
-
-
withholding
3 877
10 648
-
-
total
3 877
10 648
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 105
22 748
24 079
24 554
After tax
37 395
37 752
36 421
35 946
Living cost
21 455
21 455
21 455
21 455
Free-cash
15 940
16 297
14 966
14 491

Estimated living cost  is ₴21455 per week

₴14583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39541
₴36048
₴10220
₴25038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
microenterprise
-
-
-
-
income
-
-
-
9 678
surtax
-
-
-
15 428
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.

-
-
-
16 315
total
-
-
-
41 421
Employee
12 443
-
48 755
-
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.

1 369
-
5 363
-
surtax
-
-
-
-
income
2 215
-
9 495
-
total
3 584
-
14 858
-
Employer
12 443
-
48 755
-
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.

2 997
-
11 745
-
surtax
-
-
-
-
total
2 997
-
11 745
-
Corporate
45 060
60 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

9 012
12 100
-
-
total
9 012
12 100
-
-
Dividends

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

36 048
48 400
-
-
total
-
-
-
-
Income
60 500
60 500
60 500
60 500
Total tax
15 593
12 100
26 603
41 421
After tax
44 907
48 400
33 897
19 079
Living cost
8 859
8 859
8 859
8 859
Free-cash
36 048
39 541
25 038
10 220

Estimated living cost  is ₴8859 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11899
₴9291
₴16572
₴18385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
15 850
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
26 090
Employee
36 363
36 363
52 587
-
health
5 581
4 747
5 251
-
income

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

5 952
5 952
6 123
-
pensions
6 545
4 989
4 989
-
total
18 078
15 688
16 363
-
Employer
36 363
36 363
52 587
-
unemployment
1 309
1 309
1 627
-
pensions
2 531
2 531
3 146
-
health
2 528
2 528
3 141
-
total
6 368
6 368
7 914
-
Corporate
18 216
17 770
-
-
income
3 643
3 554
-
-
total
3 643
3 554
-
-
Dividends
14 573
14 216
-
-
income
3 096
3 021
-
-
withholding
2 186
2 132
-
-
total
5 282
5 153
-
-
Income
60 500
60 500
60 500
60 500
Total tax
33 371
30 763
24 277
26 090
After tax
27 129
29 737
36 223
34 410
Living cost
17 838
17 838
17 838
17 838
Free-cash
9 291
11 899
18 385
16 572

Estimated living cost  is ₴17838 per week

₴12641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
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.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16622
₴16254
₴15393
₴14994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
municipal
-
-
-
14 934
accident
-
-
-
72
pensions
-
-
-
3 888
other
-
-
-
4 179
unemployment
-
-
-
36
health
-
-
-
2 244
national
-
-
-
3 343
total
-
-
-
28 696
Employee
23 384
-
49 199
-
municipal
6 973
-
14 671
-
national
-
-
3 123
-
total
6 973
-
17 794
-
Employer
23 384
-
49 199
-
accident
47
-
72
-
other
2 717
-
4 179
-
unemployment
617
-
950
-
pensions
2 528
-
3 888
-
health
1 438
-
2 212
-
total
7 347
-
11 301
-
Corporate
29 769
60 500
-
-
income
6 549
13 310
-
-
total
6 549
13 310
-
-
Dividends
23 220
47 190
-
-
withholding
6 966
14 157
-
-
total
6 966
14 157
-
-
Income
60 500
60 500
60 500
60 500
Total tax
27 835
27 467
29 095
28 696
After tax
32 665
33 033
31 405
31 804
Living cost
16 411
16 411
16 411
16 411
Free-cash
16 254
16 622
14 994
15 393

Estimated living cost  is ₴16411 per week

₴10876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13499
₴19481
₴16134
₴22830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
trade
-
-
-
6 696
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.

-
-
-
17 093
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.

-
-
-
2 909
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.

-
-
-
940
total
-
-
-
27 638
Employee

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

21 594
-
60 500
-
health

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

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

2 909
-
2 909
-
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
-
940
-
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.

1 855
-
17 093
-
total
4 866
-
20 942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 906
60 500
-
-
surtax

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

321
499
-
-
income
5 836
9 075
-
-
trade
6 400
9 952
-
-
chamber of commerce
120
150
-
-
total
12 677
19 676
-
-
Dividends
26 230
40 823
-
-
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.

352
553
-
-
withholding
6 396
10 044
-
-
total
6 748
10 597
-
-
Income
60 500
60 500
60 500
60 500
Total tax
24 291
30 273
20 942
27 638
After tax
36 209
30 227
39 558
32 862
Living cost
16 728
16 728
16 728
16 728
Free-cash
19 481
13 499
22 830
16 134

Estimated living cost  is ₴16728 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
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.
₴3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30370
₴28605
₴28267
₴27696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
9 989
health
-
-
-
1 543
social contributions
-
-
-
6 890
total
-
-
-
18 422
Employee
32 743
32 743
55 802
-
social contributions
1 591
2 718
3 665
-
health
326
557
949
-
income
3 438
3 031
9 681
-
total
5 355
6 306
14 295
-
Employer
32 743
32 743
55 802
-
social contributions
1 591
2 718
3 665
-
health
355
606
1 033
-
total
1 946
3 324
4 698
-
Corporate
39 388
24 433
-
-
income
4 924
3 054
-
-
total
4 924
3 054
-
-
Dividends
34 464
21 379
-
-
withholding
5 859
3 635
-
-
total
5 859
3 635
-
-
Income
60 500
60 500
60 500
60 500
Total tax
18 084
16 319
18 993
18 422
After tax
42 416
44 181
41 507
42 078
Living cost
13 811
13 811
13 811
13 811
Free-cash
28 605
30 370
27 696
28 267

Estimated living cost  is ₴13811 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26262
₴26425
₴34157
₴27319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
7 396
pensions
-
-
-
6 050
unemployment
-
-
-
908
health
-
-
-
4 235
total
-
-
-
18 589
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.

11 192
4 454
50 628
-
health
783
312
3 544
-
income
1 368
545
6 189
-
pensions
1 119
445
5 063
-
unemployment
168
67
759
-
total
3 438
1 369
15 555
-
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.

11 192
4 454
50 628
-
pensions
2 183
869
9 872
-
total
2 183
869
9 872
-
Corporate
47 125
55 177
-
-
income
4 241
4 966
-
-
total
4 241
4 966
-
-
Dividends
42 884
50 211
-
-
social contributions
8 311
9 740
-
-
withholding
8 148
9 540
-
-
total
16 459
19 280
-
-
Income
60 500
60 500
60 500
60 500
Total tax
26 321
26 484
25 427
18 589
After tax
34 179
34 016
35 073
41 911
Living cost
7 754
7 754
7 754
7 754
Free-cash
26 425
26 262
27 319
34 157

Estimated living cost  is ₴7754 per week

₴5291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38115
₴35469
₴22143
₴24587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
8 107
pensions
-
-
-
12 100
health
-
-
-
7 865
total
-
-
-
28 072
Employee
12 080
-
45 217
-
income
1 360
-
8 718
-
pensions
242
-
904
-
unemployment
193
-
723
-
total
1 795
-
10 345
-
Employer
12 080
-
45 217
-
unemployment
97
-
362
-
pensions
2 416
-
9 043
-
health
1 570
-
5 878
-
total
4 083
-
15 283
-
Corporate
44 337
60 500
-
-
income
8 868
12 100
-
-
total
8 868
12 100
-
-
Dividends
35 469
48 400
-
-
total
-
-
-
-
Income
60 500
60 500
60 500
60 500
Total tax
14 746
12 100
25 628
28 072
After tax
45 754
48 400
34 872
32 428
Living cost
10 285
10 285
10 285
10 285
Free-cash
35 469
38 115
24 587
22 143

Estimated living cost  is ₴10285 per week

₴7054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4376
₴3477
₴32132
₴23103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
accident
-
-
-
106
income
-
-
-
16 156
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
19 092
Employee
14 592
-
53 644
-
health
1 671
-
6 142
-
income
2 002
-
11 907
-
pensions
1 643
-
3 217
-
total
5 316
-
21 266
-
Employer
14 592
-
53 644
-
accident
244
-
896
-
unemployment
357
-
1 314
-
pensions
2 373
-
4 645
-
total
2 974
-
6 855
-
Corporate
42 934
60 500
-
-
income

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

38 641
54 450
-
-
total
38 641
54 450
-
-
Dividends
4 293
6 050
-
-
withholding
816
1 150
-
-
total
816
1 150
-
-
Income
60 500
60 500
60 500
60 500
Total tax
47 747
55 600
28 121
19 092
After tax
12 753
4 900
32 379
41 408
Living cost
9 276
9 276
9 276
9 276
Free-cash
3 477
-4 376
23 103
32 132

Estimated living cost  is ₴9276 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53588
₴52859
₴56008
₴44513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
60 500
microenterprise

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

-
-
-
605
total
-
-
-
605
Employee
4 858
-
60 500
-
income
972
-
12 100
-
total
972
-
12 100
-
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%.

55 642
60 500
-
-
total
-
-
-
-
Dividends
55 642
60 500
-
-
withholding
2 782
3 025
-
-
total
2 782
3 025
-
-
Income
60 500
60 500
60 500
60 500
Total tax
3 754
3 025
12 100
605
After tax
56 746
57 475
48 400
59 895
Living cost
3 887
3 887
3 887
3 887
Free-cash
52 859
53 588
44 513
56 008

Estimated living cost  is ₴3887 per week

₴2409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33104
₴30226
₴20790
₴23292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
8 309
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.

-
-
-
14 520
other
-
-
-
2 873
health
-
-
-
2 662
total
-
-
-
28 364
Employee
15 461
-
48 322
-
health
217
-
676
-
income
2 662
-
9 143
-
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.

1 082
-
3 383
-
unemployment
154
-
483
-
total
4 115
-
13 685
-
Employer
15 461
-
48 322
-
accident
124
-
386
-
other
773
-
2 417
-
unemployment
154
-
483
-
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.

2 629
-
8 215
-
health
217
-
676
-
total
3 897
-
12 177
-
Corporate
41 143
60 500
-
-
income
8 640
12 705
-
-
total
8 640
12 705
-
-
Dividends
32 503
47 795
-
-
withholding
2 276
3 345
-
-
total
2 276
3 345
-
-
Income
60 500
60 500
60 500
60 500
Total tax
18 928
16 050
25 862
28 364
After tax
41 572
44 450
34 638
32 136
Living cost
11 346
11 346
11 346
11 346
Free-cash
30 226
33 104
23 292
20 790

Estimated living cost  is ₴11346 per week

₴8017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12503
₴10690
₴12523
₴6964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
15 678
pensions
-
-
-
3 562
total
-
-
-
19 240
Employee
40 659
-
52 991
-
health
670
-
827
-
income
7 329
-
11 971
-
pensions
3 923
-
4 492
-
total
11 922
-
17 290
-
Employer
40 659
-
52 991
-
pensions
4 801
-
6 502
-
health
772
-
1 007
-
total
5 573
-
7 509
-
Corporate
14 268
60 500
-
-
income

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

2 711
11 495
-
-
total
2 711
11 495
-
-
Dividends
11 557
49 005
-
-
withholding
867
7 765
-
-
total
867
7 765
-
-
Income
60 500
60 500
60 500
60 500
Total tax
21 073
19 260
24 799
19 240
After tax
39 427
41 240
35 701
41 260
Living cost
28 737
28 737
28 737
28 737
Free-cash
10 690
12 503
6 964
12 523

Estimated living cost  is ₴28737 per week

₴21534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3376
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.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴46141
₴44162
₴41863
₴44079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
9 075
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
13 050
Employee
7 398
-
57 580
-
health
340
-
685
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
income
740
-
5 758
-
pensions

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

650
-
1 307
-
total
1 811
-
7 914
-
Employer
7 398
-
57 580
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
pensions

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

815
-
1 640
-
health
511
-
1 027
-
total
1 451
-
2 920
-
Corporate
51 651
60 500
-
-
income
5 165
6 050
-
-
total
5 165
6 050
-
-
Dividends
46 486
54 450
-
-
withholding
2 324
2 722
-
-
total
2 324
2 722
-
-
Income
60 500
60 500
60 500
60 500
Total tax
10 751
8 772
10 834
13 050
After tax
49 749
51 728
49 666
47 450
Living cost
5 587
5 587
5 587
5 587
Free-cash
44 162
46 141
44 079
41 863

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6125
₴7198
₴10798
₴12611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
15 850
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
26 090
Employee
39 478
36 363
52 587
-
health
4 925
4 747
5 251
-
income

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

5 952
5 952
6 123
-
pensions
4 989
4 989
4 989
-
total
15 866
15 688
16 363
-
Employer
39 478
36 363
52 587
-
unemployment
1 421
1 309
1 627
-
pensions
2 747
2 531
3 146
-
health
2 743
2 528
3 141
-
total
6 911
6 368
7 914
-
Corporate
14 109
17 770
-
-
income
2 822
3 554
-
-
total
2 822
3 554
-
-
Dividends
11 288
14 216
-
-
income
2 398
3 021
-
-
withholding
1 693
2 132
-
-
total
4 091
5 153
-
-
Income
60 500
60 500
60 500
60 500
Total tax
29 690
30 763
24 277
26 090
After tax
30 810
29 737
36 223
34 410
Living cost
23 612
23 612
23 612
23 612
Free-cash
7 198
6 125
12 611
10 798

Estimated living cost  is ₴23612 per week

₴17418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31445
₴27802
₴21787
₴20493
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
5 646
health
-
-
-
8 168
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
28 504
Employee
15 013
-
45 149
-
social contributions
976
-
2 935
-
health
2 027
-
6 095
-
solidarity contribution
-
-
-
-
income
1 802
-
5 418
-
total
4 805
-
14 448
-
Employer
15 013
-
45 149
-
social contributions
3 753
-
11 287
-
health
1 351
-
4 063
-
total
5 104
-
15 350
-
Corporate
40 383
60 500
-
-
income
7 673
11 495
-
-
total
7 673
11 495
-
-
Dividends
32 710
49 005
-
-
withholding
4 907
7 351
-
-
total
4 907
7 351
-
-
Income
60 500
60 500
60 500
60 500
Total tax
22 489
18 846
29 798
28 504
After tax
38 011
41 654
30 702
31 996
Living cost
10 209
10 209
10 209
10 209
Free-cash
27 802
31 445
20 493
21 787

Estimated living cost  is ₴10209 per week

₴7091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
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.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14311
₴12090
₴11794
₴8931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
municipal
-
-
-
360
regional
-
-
-
699
national
-
-
-
14 118
social contributions
-
-
-
15 561
total
-
-
-
30 738
Employee
37 844
-
60 500
-
social contributions
12 761
-
20 400
-
regional
357
-
616
-
municipal
200
-
321
-
national
6 557
-
12 264
-
total
19 875
-
33 601
-
Employer
37 844
-
60 500
-
total
-
-
-
-
Corporate
22 656
60 500
-
-
nationa
5 437
14 520
-
-
municipal
883
2 360
-
-
total
6 320
16 880
-
-
Dividends
16 336
43 620
-
-
withholding
4 247
11 341
-
-
total
4 247
11 341
-
-
Income
60 500
60 500
60 500
60 500
Total tax
30 442
28 221
33 601
30 738
After tax
30 058
32 279
26 899
29 762
Living cost
17 968
17 968
17 968
17 968
Free-cash
12 090
14 311
8 931
11 794

Estimated living cost  is ₴17968 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28658
₴27334
₴19312
₴17835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
14 271
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 023
total
-
-
-
31 792
Employee
14 081
-
49 978
-
other
-
-
-
-
health
360
-
1 274
-
surtax
46
-
1 789
-
income
2 360
-
12 872
-
pensions
939
-
3 333
-
unemployment
980
-
3 479
-
total
4 685
-
22 747
-
Employer
14 081
-
49 978
-
other
-
-
-
-
unemployment
446
-
1 585
-
pensions
1 877
-
6 662
-
health
641
-
2 275
-
total
2 964
-
10 522
-
Corporate
43 455
60 500
-
-
income
11 298
15 730
-
-
total
11 298
15 730
-
-
Dividends
32 156
44 770
-
-
withholding
4 823
6 716
-
-
total
4 823
6 716
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 770
22 446
33 269
31 792
After tax
36 730
38 054
27 231
28 708
Living cost
9 396
9 396
9 396
9 396
Free-cash
27 334
28 658
17 835
19 312

Estimated living cost  is ₴9396 per week

₴5745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21607
₴22314
₴21627
₴16068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
15 678
pensions
-
-
-
3 562
total
-
-
-
19 240
Employee
27 249
-
52 991
-
health
396
-
827
-
income
4 908
-
11 971
-
pensions
2 313
-
4 492
-
total
7 617
-
17 290
-
Employer
27 249
-
52 991
-
pensions
2 950
-
6 502
-
health
518
-
1 007
-
total
3 468
-
7 509
-
Corporate
29 784
60 500
-
-
income

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

5 659
11 495
-
-
total
5 659
11 495
-
-
Dividends
24 125
49 005
-
-
withholding
1 809
7 765
-
-
total
1 809
7 765
-
-
Income
60 500
60 500
60 500
60 500
Total tax
18 553
19 260
24 799
19 240
After tax
41 947
41 240
35 701
41 260
Living cost
19 633
19 633
19 633
19 633
Free-cash
22 314
21 607
16 068
21 627

Estimated living cost  is ₴19633 per week

₴14709
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.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4785
₴9100
₴17148
₴14207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
city
-
-
-
638
pensions
-
-
-
5 566
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.

-
-
-
1 210
regional
-
-
-
2 642
health
-
-
-
136
national
-
-
-
710
total
-
-
-
10 902
Employee
37 975
-
54 151
-
city
408
-
582
-
regional
1 243
-
2 265
-
health
86
-
122
-
pensions
3 190
-
4 549
-
unemployment
-
-
-
-
national
180
-
571
-
total
5 107
-
8 089
-
Employer
37 975
-
54 151
-
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.

759
-
1 083
-
unemployment
-
-
-
-
pensions
3 190
-
4 549
-
health
86
-
122
-
total
4 035
-
5 754
-
Corporate
18 072
60 500
-
-
regional
3 822
12 796
-
-
national
1 536
5 142
-
-
total
5 358
17 938
-
-
Dividends
12 714
42 562
-
-
withholding
4 450
14 897
-
-
total
4 450
14 897
-
-
Income
60 500
60 500
60 500
60 500
Total tax
18 950
32 835
13 843
10 902
After tax
41 550
27 665
46 657
49 598
Living cost
32 450
32 450
32 450
32 450
Free-cash
9 100
-4 785
14 207
17 148

Estimated living cost  is ₴32450 per week

₴21102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10410
₴17313
₴13070
₴20051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
trade
-
-
-
6 981
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.

-
-
-
17 093
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.

-
-
-
2 909
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.

-
-
-
940
total
-
-
-
27 923
Employee

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

25 591
-
60 500
-
health

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

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

2 909
-
2 909
-
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.

166
-
940
-
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.

3 009
-
17 093
-
total
6 084
-
20 942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 909
60 500
-
-
surtax

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

288
499
-
-
income
5 236
9 075
-
-
trade
5 987
10 376
-
-
chamber of commerce
114
149
-
-
total
11 625
20 099
-
-
Dividends
23 284
40 400
-
-
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.

311
546
-
-
withholding
5 660
9 938
-
-
total
5 971
10 484
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 680
30 583
20 942
27 923
After tax
36 820
29 917
39 558
32 577
Living cost
19 507
19 507
19 507
19 507
Free-cash
17 313
10 410
20 051
13 070

Estimated living cost  is ₴19507 per week

₴14247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15923
₴18436
₴19759
₴20303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
8 297
pensions
-
-
-
12 170
other
-
-
-
1 876
health
-
-
-
2 105
surtax
-
-
-
-
social contributions
-
-
-
1 724
total
-
-
-
26 172
Employee
18 224
-
47 690
-
social contributions
520
-
1 359
-
surtax
-
-
-
-
income
1 076
-
8 502
-
pensions
2 061
-
2 957
-
total
3 657
-
12 818
-
Employer
18 224
-
47 690
-
other
629
-
1 707
-
social contributions
55
-
143
-
unemployment
738
-
1 931
-
pensions
2 994
-
5 042
-
health
1 276
-
3 987
-
total
5 692
-
12 810
-
Corporate
36 585
60 500
-
-
surtax
-
-
-
-
income
10 244
16 940
-
-
total
10 244
16 940
-
-
Dividends
26 341
43 560
-
-
surtax
-
-
-
-
social contributions
4 531
7 492
-
-
withholding
3 371
5 576
-
-
total
7 902
13 068
-
-
Income
60 500
60 500
60 500
60 500
Total tax
27 495
30 008
25 628
26 172
After tax
33 005
30 492
34 872
34 328
Living cost
14 569
14 569
14 569
14 569
Free-cash
18 436
15 923
20 303
19 759

Estimated living cost  is ₴14569 per week

₴9186
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.
₴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.
₴3951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17367
₴19733
₴21203
₴21747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
8 297
pensions
-
-
-
12 170
other
-
-
-
1 876
health
-
-
-
2 105
surtax
-
-
-
-
social contributions
-
-
-
1 724
total
-
-
-
26 172
Employee
16 268
-
47 690
-
social contributions
464
-
1 359
-
surtax
-
-
-
-
income
839
-
8 502
-
pensions
1 840
-
2 957
-
total
3 143
-
12 818
-
Employer
16 268
-
47 690
-
other
562
-
1 707
-
social contributions
48
-
143
-
unemployment
659
-
1 931
-
pensions
2 673
-
5 042
-
health
1 139
-
3 987
-
total
5 081
-
12 810
-
Corporate
39 152
60 500
-
-
surtax
-
-
-
-
income
10 962
16 940
-
-
total
10 962
16 940
-
-
Dividends
28 190
43 560
-
-
surtax
-
-
-
-
social contributions
4 848
7 492
-
-
withholding
3 608
5 576
-
-
total
8 456
13 068
-
-
Income
60 500
60 500
60 500
60 500
Total tax
27 642
30 008
25 628
26 172
After tax
32 858
30 492
34 872
34 328
Living cost
13 125
13 125
13 125
13 125
Free-cash
19 733
17 367
21 747
21 203

Estimated living cost  is ₴13125 per week

₴7612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27882
₴28102
₴29824
₴29003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
9 075
health
-
-
-
4 223
social contributions
-
-
-
8 349
total
-
-
-
21 647
Employee
14 438
-
60 500
-
social contributions
1 993
-
8 349
-
health
1 008
-
4 223
-
income
2 408
-
9 896
-
total
5 409
-
22 468
-
Employer
14 438
-
60 500
-
total
-
-
-
-
Corporate
46 062
60 500
-
-
income

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

2 303
3 025
-
-
total
2 303
3 025
-
-
Dividends
43 759
57 475
-
-
health
3 054
4 012
-
-
social contributions
6 039
7 931
-
-
withholding
6 564
8 621
-
-
total
15 657
20 564
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 369
23 589
22 468
21 647
After tax
37 131
36 911
38 032
38 853
Living cost
9 029
9 029
9 029
9 029
Free-cash
28 102
27 882
29 003
29 824

Estimated living cost  is ₴9029 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
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.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18607
₴17951
₴15791
₴1043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
chamber of commerce
-
-
-
242
income
-
-
-
13 759
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
84
total
-
-
-
29 705
Employee
21 280
16 969
46 914
-
other
213
170
469
-
health
823
657
1 816
-
income
2 423
1 252
11 045
-
pensions
2 179
1 737
4 804
-
unemployment
638
509
1 408
-
total
6 276
4 325
19 542
-
Employer
21 280
16 969
46 914
-
accident
276
221
610
-
other
1 011
806
2 228
-
chamber of commerce
85
68
187
-
unemployment
638
509
1 408
-
surtax
84
84
84
-
pensions
2 671
2 130
5 888
-
payroll
638
509
1 408
-
health
804
642
1 774
-
total
6 207
4 969
13 587
-
Corporate
33 012
38 563
45 298
-
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.

8 253
9 641
11 324
-
total
8 253
9 641
11 324
-
Dividends
24 759
28 922
-
-
withholding
6 809
7 954
-
-
total
6 809
7 954
-
-
Income
60 500
60 500
60 500
60 500
Total tax
27 545
26 889
44 453
29 705
After tax
32 955
33 611
16 047
30 795
Living cost
15 004
15 004
15 004
15 004
Free-cash
17 951
18 607
1 043
15 791

Estimated living cost  is ₴15004 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
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.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18340
₴11953
₴11100
₴6584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
national
-
-
-
21 313
communal

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

-
-
-
3 060
social contributions
-
-
-
9 501
total
-
-
-
33 874
Employee

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

30 459
-
46 858
-
communal

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

1 589
-
2 444
-
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.

1 431
-
2 203
-
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.

2 284
-
3 514
-
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.

265
-
407
-
national
9 364
-
16 181
-
total
14 933
-
24 749
-
Employer

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

30 459
-
46 858
-
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.

396
-
609
-
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.

444
-
684
-
surtax
3 454
-
5 314
-
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.

2 699
-
4 152
-
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.

1 873
-
2 882
-
total
8 866
-
13 641
-
Corporate
21 175
60 500
-
-
surtax
85
242
-
-
income
4 235
12 100
-
-
total
4 320
12 342
-
-
Dividends
16 855
48 158
-
-
withholding

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

4 902
14 292
-
-
total
4 902
14 292
-
-
Income
60 500
60 500
60 500
60 500
Total tax
33 021
26 634
38 390
33 874
After tax
27 479
33 866
22 110
26 626
Living cost
15 526
15 526
15 526
15 526
Free-cash
11 953
18 340
6 584
11 100

Estimated living cost  is ₴15526 per week

₴10001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25124
₴21953
₴18736
₴16704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
accident
-
-
-
356
income
-
-
-
14 545
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
26 386
Employee
21 196
-
47 918
-
other
21
-
40
-
income
4 472
-
13 329
-
pensions
996
-
1 855
-
unemployment
329
-
612
-
total
5 818
-
15 836
-
Employer
21 196
-
47 918
-
accident
419
-
781
-
other
169
-
316
-
unemployment
1 166
-
2 170
-
pensions
5 002
-
9 315
-
total
6 756
-
12 582
-
Corporate
32 548
60 500
-
-
income

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

4 882
9 075
-
-
total
4 882
9 075
-
-
Dividends
27 665
51 425
-
-
withholding
5 713
10 923
-
-
total
5 713
10 923
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 169
19 998
28 418
26 386
After tax
37 331
40 502
32 082
34 114
Living cost
15 378
15 378
15 378
15 378
Free-cash
21 953
25 124
16 704
18 736

Estimated living cost  is ₴15378 per week

₴11324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13011
₴8360
₴8394
₴10808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
accident
-
-
-
510
income
-
-
-
8 312
pensions
-
-
-
9 068
health
-
-
-
4 251
surtax
-
-
-
3 000
communal
-
-
-
3 824
total
-
-
-
28 965
Employee
32 247
-
54 042
-
health
1 435
-
2 405
-
surtax
1 977
-
3 312
-
income
3 115
-
10 054
-
pensions
2 579
-
4 323
-
total
9 106
-
20 094
-
Employer
32 247
-
54 042
-
accident
290
-
486
-
pensions
2 579
-
4 323
-
health
983
-
1 648
-
total
3 852
-
6 457
-
Corporate
24 401
60 500
-
-
surtax
256
635
-
-
communal
1 647
4 084
-
-
income
3 660
9 075
-
-
total
5 563
13 794
-
-
Dividends
18 838
46 706
-
-
income
7 652
3 548
-
-
withholding
2 826
7 006
-
-
total
10 478
10 554
-
-
Income
60 500
60 500
60 500
60 500
Total tax
28 999
24 348
26 551
28 965
After tax
31 501
36 152
33 949
31 535
Living cost
23 141
23 141
23 141
23 141
Free-cash
8 360
13 011
10 808
8 394

Estimated living cost  is ₴23141 per week

₴17359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
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.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴28490
₴27135
₴19144
₴17667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
14 271
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 023
total
-
-
-
31 792
Employee
14 340
-
49 978
-
other
-
-
-
-
health
366
-
1 274
-
surtax
51
-
1 789
-
income
2 404
-
12 872
-
pensions
957
-
3 333
-
unemployment
998
-
3 479
-
total
4 776
-
22 747
-
Employer
14 340
-
49 978
-
other
-
-
-
-
unemployment
455
-
1 585
-
pensions
1 912
-
6 662
-
health
652
-
2 275
-
total
3 019
-
10 522
-
Corporate
43 141
60 500
-
-
income
11 217
15 730
-
-
total
11 217
15 730
-
-
Dividends
31 924
44 770
-
-
withholding
4 789
6 716
-
-
total
4 789
6 716
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 801
22 446
33 269
31 792
After tax
36 699
38 054
27 231
28 708
Living cost
9 564
9 564
9 564
9 564
Free-cash
27 135
28 490
17 667
19 144

Estimated living cost  is ₴9564 per week

₴5774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20329
₴19384
₴18078
₴15230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
municipal
-
-
-
360
regional
-
-
-
912
national
-
-
-
14 118
social contributions
-
-
-
15 561
total
-
-
-
30 951
Employee
23 621
-
60 500
-
social contributions
7 965
-
20 400
-
regional
318
-
814
-
municipal
125
-
321
-
national
3 742
-
12 264
-
total
12 150
-
33 799
-
Employer
23 621
-
60 500
-
total
-
-
-
-
Corporate
36 879
60 500
-
-
nationa
8 851
14 520
-
-
municipal
1 833
3 007
-
-
total
10 684
17 527
-
-
Dividends
26 196
42 973
-
-
withholding
6 811
11 173
-
-
total
6 811
11 173
-
-
Income
60 500
60 500
60 500
60 500
Total tax
29 645
28 700
33 799
30 951
After tax
30 855
31 800
26 701
29 549
Living cost
11 471
11 471
11 471
11 471
Free-cash
19 384
20 329
15 230
18 078

Estimated living cost  is ₴11471 per week

₴7134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
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.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴29074
₴24587
₴19416
₴18122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
5 646
health
-
-
-
8 168
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
28 504
Employee
18 500
-
45 149
-
social contributions
1 202
-
2 935
-
health
2 497
-
6 095
-
solidarity contribution
-
-
-
-
income
2 220
-
5 418
-
total
5 919
-
14 448
-
Employer
18 500
-
45 149
-
social contributions
4 625
-
11 287
-
health
1 665
-
4 063
-
total
6 290
-
15 350
-
Corporate
35 711
60 500
-
-
income
6 785
11 495
-
-
total
6 785
11 495
-
-
Dividends
28 926
49 005
-
-
withholding
4 339
7 351
-
-
total
4 339
7 351
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 333
18 846
29 798
28 504
After tax
37 167
41 654
30 702
31 996
Living cost
12 580
12 580
12 580
12 580
Free-cash
24 587
29 074
18 122
19 416

Estimated living cost  is ₴12580 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
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.
₴2310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20072
₴19864
₴17294
₴2481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
chamber of commerce
-
-
-
242
income
-
-
-
13 759
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
-
total
-
-
-
29 621
Employee
18 614
16 969
46 979
-
other
186
170
469
-
health
720
657
1 818
-
income
1 658
1 252
11 067
-
pensions
1 906
1 737
4 810
-
unemployment
558
509
1 409
-
total
5 028
4 325
19 573
-
Employer
18 614
16 969
46 979
-
accident
242
221
611
-
other
884
806
2 231
-
chamber of commerce
74
68
188
-
unemployment
558
509
1 409
-
surtax
-
-
-
-
pensions
2 336
2 130
5 896
-
payroll
558
509
1 409
-
health
704
642
1 776
-
total
5 356
4 885
13 520
-
Corporate
36 530
38 647
45 363
-
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.

9 133
9 662
11 341
-
total
9 133
9 662
11 341
-
Dividends
27 397
28 985
-
-
withholding
7 534
7 971
-
-
total
7 534
7 971
-
-
Income
60 500
60 500
60 500
60 500
Total tax
27 051
26 843
44 434
29 621
After tax
33 449
33 657
16 066
30 879
Living cost
13 585
13 585
13 585
13 585
Free-cash
19 864
20 072
2 481
17 294

Estimated living cost  is ₴13585 per week

₴8149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
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.
₴3806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51418
₴50283
₴53838
₴42343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
60 500
microenterprise

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

-
-
-
605
total
-
-
-
605
Employee
7 571
-
60 500
-
income
1 514
-
12 100
-
total
1 514
-
12 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

52 929
60 500
-
-
total
-
-
-
-
Dividends
52 929
60 500
-
-
withholding
2 646
3 025
-
-
total
2 646
3 025
-
-
Income
60 500
60 500
60 500
60 500
Total tax
4 160
3 025
12 100
605
After tax
56 340
57 475
48 400
59 895
Living cost
6 057
6 057
6 057
6 057
Free-cash
50 283
51 418
42 343
53 838

Estimated living cost  is ₴6057 per week

₴4099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30233
₴26671
₴18863
₴17259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
income
-
-
-
13 123
pensions
-
-
-
11 049
unemployment
-
-
-
91
health
-
-
-
5 953
total
-
-
-
30 216
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.

18 830
-
52 349
-
health
1 216
-
3 382
-
income
3 247
-
12 098
-
pensions
2 919
-
8 114
-
unemployment
27
-
74
-
total
7 409
-
23 668
-
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.

18 830
-
52 349
-
unemployment
11
-
32
-
pensions
1 666
-
4 633
-
health
1 254
-
3 487
-
total
2 931
-
8 152
-
Corporate
38 739
60 500
-
-
income
7 361
11 495
-
-
total
7 361
11 495
-
-
Dividends
31 378
49 005
-
-
withholding
4 707
7 351
-
-
total
4 707
7 351
-
-
Income
60 500
60 500
60 500
60 500
Total tax
22 408
18 846
31 820
30 216
After tax
38 092
41 654
28 680
30 284
Living cost
11 421
11 421
11 421
11 421
Free-cash
26 671
30 233
17 259
18 863

Estimated living cost  is ₴11421 per week

₴7838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18350
-₴3283
₴23352
₴36415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
11 793
social contributions
-
-
-
6 897
total
-
-
-
18 690
Employee
26 466
-
-
-
social contributions
2 170
-
309
-
income
5 838
-
-
-
total
8 008
-
309
-
Employer
26 466
-
-
-
social contributions
37 317
-
5 318
-
total
37 317
-
5 318
-
Corporate
-
60 500
-
-
income
-
13 310
-
-
total
-
13 310
-
-
Dividends
-
47 190
-
-
income
-
10 382
-
-
total
-
10 382
-
-
Income
60 500
60 500
60 500
60 500
Total tax
45 325
23 692
5 627
18 690
After tax
15 175
36 808
54 873
41 810
Living cost
18 458
18 458
18 458
18 458
Free-cash
-3 283
18 350
36 415
23 352

Estimated living cost  is ₴18458 per week

₴11976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21057
₴20628
₴19542
₴15388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
income
-
-
-
6 579
surtax
-
-
-
-
social contributions

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

-
-
-
21 023
total
-
-
-
27 602
Employee
19 584
-
48 889
-
social contributions
2 154
-
5 378
-
surtax
-
-
-
-
income
4 074
-
14 767
-
total
6 228
-
20 145
-
Employer
19 584
-
48 889
-
social contributions
4 651
-
11 611
-
total
4 651
-
11 611
-
Corporate
36 265
60 500
-
-
surtax
-
-
-
-
income
7 615
12 705
-
-
total
7 615
12 705
-
-
Dividends
28 649
47 795
-
-
withholding
8 022
13 382
-
-
total
8 022
13 382
-
-
Income
60 500
60 500
60 500
60 500
Total tax
26 516
26 087
31 756
27 602
After tax
33 984
34 413
28 744
32 898
Living cost
13 356
13 356
13 356
13 356
Free-cash
20 628
21 057
15 388
19 542

Estimated living cost  is ₴13356 per week

₴9993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
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.
₴2352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9926
₴12853
₴13762
₴14306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
8 297
pensions
-
-
-
12 170
other
-
-
-
1 876
health
-
-
-
2 105
surtax
-
-
-
-
social contributions
-
-
-
1 724
total
-
-
-
26 172
Employee
26 670
-
47 690
-
social contributions
760
-
1 359
-
surtax
-
-
-
-
income
2 327
-
8 502
-
pensions
3 017
-
2 957
-
total
6 104
-
12 818
-
Employer
26 670
-
47 690
-
other
920
-
1 707
-
social contributions
80
-
143
-
unemployment
1 080
-
1 931
-
pensions
4 382
-
5 042
-
health
1 867
-
3 987
-
total
8 329
-
12 810
-
Corporate
25 501
60 500
-
-
surtax
-
-
-
-
income
7 140
16 940
-
-
total
7 140
16 940
-
-
Dividends
18 361
43 560
-
-
surtax
-
-
-
-
social contributions
3 158
7 492
-
-
withholding
2 350
5 576
-
-
total
5 508
13 068
-
-
Income
60 500
60 500
60 500
60 500
Total tax
27 081
30 008
25 628
26 172
After tax
33 419
30 492
34 872
34 328
Living cost
20 566
20 566
20 566
20 566
Free-cash
12 853
9 926
14 306
13 762

Estimated living cost  is ₴20566 per week

₴13919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41650
₴40219
₴32257
₴33864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
2 133
social contributions
-
-
-
13 310
total
-
-
-
15 443
Employee
13 689
-
52 381
-
income
-
-
2 312
-
social contributions
890
-
3 405
-
total
890
-
5 717
-
Employer
13 689
-
52 381
-
social contributions
2 122
-
8 119
-
total
2 122
-
8 119
-
Corporate
44 689
60 500
-
-
income
4 469
6 050
-
-
total
4 469
6 050
-
-
Dividends
40 220
54 450
-
-
total
-
-
-
-
Income
60 500
60 500
60 500
60 500
Total tax
7 481
6 050
13 836
15 443
After tax
53 019
54 450
46 664
45 057
Living cost
12 800
12 800
12 800
12 800
Free-cash
40 219
41 650
33 864
32 257

Estimated living cost  is ₴12800 per week

₴8276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32285
-₴32285
₴16012
-₴32285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
municipal
-
-
-
12 171
pensions
-
-
-
369
national
-
-
-
6 629
labour market
-
-
-
4 810
total
-
-
-
23 979
Employee
86 566
86 566
86 566
-
labour market
6 915
6 915
6 915
-
national
10 576
10 576
10 576
-
municipal
18 434
18 434
18 434
-
pensions
123
123
123
-
total
36 048
36 048
36 048
-
Employer
86 566
86 566
86 566
-
labour market
6 925
6 925
6 925
-
municipal
18 463
18 463
18 463
-
pensions
246
246
246
-
national
10 594
10 594
10 594
-
total
36 228
36 228
36 228
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
60 500
60 500
60 500
60 500
Total tax
72 276
72 276
72 276
23 979
After tax
-11 776
-11 776
-11 776
36 521
Living cost
20 509
20 509
20 509
20 509
Free-cash
-32 285
-32 285
-32 285
16 012

Estimated living cost  is ₴20509 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4239
₴3499
₴32269
₴23240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
accident
-
-
-
106
income
-
-
-
16 156
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
19 092
Employee
14 377
-
53 644
-
health
1 646
-
6 142
-
income
1 972
-
11 907
-
pensions
1 619
-
3 217
-
total
5 237
-
21 266
-
Employer
14 377
-
53 644
-
accident
240
-
896
-
unemployment
352
-
1 314
-
pensions
2 338
-
4 645
-
total
2 930
-
6 855
-
Corporate
43 193
60 500
-
-
income

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

38 874
54 450
-
-
total
38 874
54 450
-
-
Dividends
4 319
6 050
-
-
withholding
821
1 150
-
-
total
821
1 150
-
-
Income
60 500
60 500
60 500
60 500
Total tax
47 862
55 600
28 121
19 092
After tax
12 638
4 900
32 379
41 408
Living cost
9 139
9 139
9 139
9 139
Free-cash
3 499
-4 239
23 240
32 269

Estimated living cost  is ₴9139 per week

₴6652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22464
₴23073
₴24606
₴16311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
60 500
municipal
-
-
-
10 755
health
-
-
-
754
national
-
-
-
8 037
total
-
-
-
19 546
Employee
22 403
-
50 896
-
health
167
-
606
-
municipal
3 669
-
8 296
-
pensions
1 512
-
3 436
-
unemployment
336
-
764
-
national
370
-
5 135
-
total
6 054
-
18 237
-
Employer
22 403
-
50 896
-
accident
23
-
51
-
unemployment
145
-
330
-
pensions
3 887
-
8 831
-
health
172
-
392
-
total
4 227
-
9 604
-
Corporate
33 870
60 500
-
-
income
6 774
12 100
-
-
total
6 774
12 100
-
-
Dividends

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

20 322
36 300
-
-
national
366
3 054
-
-
municipal
3 658
6 534
-
-
total
4 024
9 588
-
-
Income
60 500
60 500
60 500
60 500
Total tax
21 079
21 688
27 841
19 546
After tax
39 421
38 812
32 659
40 954
Living cost
16 348
16 348
16 348
16 348
Free-cash
23 073
22 464
16 311
24 606

Estimated living cost  is ₴16348 per week

₴10679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴34322
₴32005
₴32219
₴31648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
9 989
health
-
-
-
1 543
social contributions
-
-
-
6 890
total
-
-
-
18 422
Employee
32 743
32 743
55 802
-
social contributions
1 238
2 718
3 665
-
health
254
557
949
-
income
3 565
3 031
9 681
-
total
5 057
6 306
14 295
-
Employer
32 743
32 743
55 802
-
social contributions
1 238
2 718
3 665
-
health
276
606
1 033
-
total
1 514
3 324
4 698
-
Corporate
44 071
24 433
-
-
income
5 509
3 054
-
-
total
5 509
3 054
-
-
Dividends
38 562
21 379
-
-
withholding
6 556
3 635
-
-
total
6 556
3 635
-
-
Income
60 500
60 500
60 500
60 500
Total tax
18 636
16 319
18 993
18 422
After tax
41 864
44 181
41 507
42 078
Living cost
9 859
9 859
9 859
9 859
Free-cash
32 005
34 322
31 648
32 219

Estimated living cost  is ₴9859 per week

₴5909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43339
₴41174
₴43442
₴34902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
60 500
income
-
-
-
6 035
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
10 297
Employee

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

9 774
-
56 338
-
health
831
-
3 434
-
income
668
-
4 980
-
pensions
1 466
-
6 060
-
unemployment
48
-
202
-
total
3 013
-
14 676
-
Employer

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

9 774
-
56 338
-
unemployment
48
-
202
-
pensions
537
-
2 222
-
health
420
-
1 737
-
total
1 005
-
4 161
-
Corporate
49 720
60 500
-
-
income
4 475
5 445
-
-
total
4 475
5 445
-
-
Dividends
45 245
55 055
-
-
withholding
4 072
4 955
-
-
total
4 072
4 955
-
-
Income
60 500
60 500
60 500
60 500
Total tax
12 565
10 400
18 837
10 297
After tax
47 935
50 100
41 663
50 203
Living cost
6 761
6 761
6 761
6 761
Free-cash
41 174
43 339
34 902
43 442

Estimated living cost  is ₴6761 per week

₴4313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28793
₴26782
₴22405
₴20373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
accident
-
-
-
356
income
-
-
-
14 545
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
26 386
Employee
15 745
-
47 918
-
other
15
-
40
-
income
3 035
-
13 329
-
pensions
740
-
1 855
-
unemployment
244
-
612
-
total
4 034
-
15 836
-
Employer
15 745
-
47 918
-
accident
312
-
781
-
other
126
-
316
-
unemployment
866
-
2 170
-
pensions
3 715
-
9 315
-
total
5 019
-
12 582
-
Corporate
39 735
60 500
-
-
income

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

5 960
9 075
-
-
total
5 960
9 075
-
-
Dividends
33 775
51 425
-
-
withholding
6 996
10 923
-
-
total
6 996
10 923
-
-
Income
60 500
60 500
60 500
60 500
Total tax
22 009
19 998
28 418
26 386
After tax
38 491
40 502
32 082
34 114
Living cost
11 709
11 709
11 709
11 709
Free-cash
26 782
28 793
20 373
22 405

Estimated living cost  is ₴11709 per week

₴7904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
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.
₴2475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36582
₴36389
₴37468
₴37386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
20 390
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
21 862
Employee
1 782
-
59 540
-
health
89
-
213
-
income
345
-
20 345
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
20 985
-
Employer
1 782
-
59 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
58 318
60 500
-
-
income
12 830
13 310
-
-
total
12 830
13 310
-
-
Dividends
45 488
47 190
-
-
withholding
9 098
9 438
-
-
total
9 098
9 438
-
-
Income
60 500
60 500
60 500
60 500
Total tax
22 941
22 748
21 944
21 862
After tax
37 559
37 752
38 556
38 638
Living cost
1 170
1 170
1 170
1 170
Free-cash
36 389
36 582
37 386
37 468

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
₴36344
₴34250
₴27887
₴27888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
income
-
-
-
13 346
pensions
-
-
-
8 185
unemployment
-
-
-
472
health
-
-
-
3 243
total
-
-
-
25 246
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.

11 109
-
54 865
-
health
572
-
1 621
-
income
1 531
-
13 346
-
pensions
1 555
-
4 407
-
unemployment
83
-
236
-
total
3 741
-
19 610
-
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.

11 109
-
54 865
-
unemployment
83
-
236
-
pensions
1 333
-
3 778
-
health
572
-
1 621
-
total
1 988
-
5 635
-
Corporate
47 402
60 500
-
-
income
7 110
9 075
-
-
total
7 110
9 075
-
-
Dividends
40 292
51 425
-
-
withholding
6 044
7 714
-
-
total
6 044
7 714
-
-
Income
60 500
60 500
60 500
60 500
Total tax
18 883
16 789
25 245
25 246
After tax
41 617
43 711
35 255
35 254
Living cost
7 367
7 367
7 367
7 367
Free-cash
34 250
36 344
27 888
27 887

Estimated living cost  is ₴7367 per week

₴4960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22933
₴22779
₴21418
₴17264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
income
-
-
-
6 579
surtax
-
-
-
-
social contributions

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

-
-
-
21 023
total
-
-
-
27 602
Employee
16 527
-
48 889
-
social contributions
1 818
-
5 378
-
surtax
-
-
-
-
income
3 229
-
14 767
-
total
5 047
-
20 145
-
Employer
16 527
-
48 889
-
social contributions
3 925
-
11 611
-
total
3 925
-
11 611
-
Corporate
40 048
60 500
-
-
surtax
-
-
-
-
income
8 410
12 705
-
-
total
8 410
12 705
-
-
Dividends
31 638
47 795
-
-
withholding
8 859
13 382
-
-
total
8 859
13 382
-
-
Income
60 500
60 500
60 500
60 500
Total tax
26 241
26 087
31 756
27 602
After tax
34 259
34 413
28 744
32 898
Living cost
11 480
11 480
11 480
11 480
Free-cash
22 779
22 933
17 264
21 418

Estimated living cost  is ₴11480 per week

₴8131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
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.
₴2348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25537
₴22512
₴19149
₴17117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
accident
-
-
-
356
income
-
-
-
14 545
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
26 386
Employee
20 565
-
47 918
-
other
20
-
40
-
income
4 295
-
13 329
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
15 836
-
Employer
20 565
-
47 918
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
33 378
60 500
-
-
income

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

5 007
9 075
-
-
total
5 007
9 075
-
-
Dividends
28 372
51 425
-
-
withholding
5 861
10 923
-
-
total
5 861
10 923
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 023
19 998
28 418
26 386
After tax
37 477
40 502
32 082
34 114
Living cost
14 965
14 965
14 965
14 965
Free-cash
22 512
25 537
17 117
19 149

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44398
₴41799
₴40120
₴42336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
9 075
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
13 050
Employee
9 706
-
57 580
-
health
447
-
685
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
income
971
-
5 758
-
pensions

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

852
-
1 307
-
total
2 377
-
7 914
-
Employer
9 706
-
57 580
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
pensions

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

1 070
-
1 640
-
health
670
-
1 027
-
total
1 905
-
2 920
-
Corporate
48 890
60 500
-
-
income
4 889
6 050
-
-
total
4 889
6 050
-
-
Dividends
44 001
54 450
-
-
withholding
2 200
2 722
-
-
total
2 200
2 722
-
-
Income
60 500
60 500
60 500
60 500
Total tax
11 371
8 772
10 834
13 050
After tax
49 129
51 728
49 666
47 450
Living cost
7 330
7 330
7 330
7 330
Free-cash
41 799
44 398
42 336
40 120

Estimated living cost  is ₴7330 per week

₴4848
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.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14719
₴20291
₴17277
₴23118
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
trade
-
-
-
5 841
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.

-
-
-
17 093
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.

-
-
-
2 909
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.

-
-
-
940
total
-
-
-
26 783
Employee

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

21 187
-
60 500
-
health

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

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

2 909
-
2 909
-
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.

96
-
940
-
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.

1 742
-
17 093
-
total
4 747
-
20 942
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 313
60 500
-
-
surtax

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

324
499
-
-
income
5 897
9 075
-
-
trade
5 641
8 682
-
-
chamber of commerce
122
154
-
-
total
11 984
18 410
-
-
Dividends
27 329
42 090
-
-
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.

367
570
-
-
withholding
6 671
10 361
-
-
total
7 038
10 931
-
-
Income
60 500
60 500
60 500
60 500
Total tax
23 769
29 341
20 942
26 783
After tax
36 731
31 159
39 558
33 717
Living cost
16 440
16 440
16 440
16 440
Free-cash
20 291
14 719
23 118
17 277

Estimated living cost  is ₴16440 per week

₴11340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
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.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18094
₴19034
₴9324
₴9324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
17 162
social contributions
-
-
-
9 758
total
-
-
-
26 920
Employee
33 308
-
60 500
-
income
6 285
-
17 162
-
social contributions
2 767
-
9 758
-
total
9 052
-
26 920
-
Employer
33 308
-
60 500
-
total
-
-
-
-
Corporate
27 192
60 500
-
-
income
3 399
7 563
-
-
total
3 399
7 563
-
-
Dividends
23 793
52 937
-
-
withholding
4 759
10 587
-
-
total
4 759
10 587
-
-
Income
60 500
60 500
60 500
60 500
Total tax
17 210
18 150
26 920
26 920
After tax
43 290
42 350
33 580
33 580
Living cost
24 256
24 256
24 256
24 256
Free-cash
19 034
18 094
9 324
9 324

Estimated living cost  is ₴24256 per week

₴18454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21618
₴23106
₴30064
₴28444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
income
-
-
-
12 121
health

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

-
-
-
2 858
total
-
-
-
14 979
Employee
19 534
-
58 541
-
income
2 120
-
12 681
-
social contributions
1 957
-
1 959
-
total
4 077
-
14 640
-
Employer
19 534
-
58 541
-
social contributions
1 957
-
1 959
-
total
1 957
-
1 959
-
Corporate
39 009
60 500
-
-
income
13 653
21 175
-
-
total
13 653
21 175
-
-
Dividends
25 356
39 325
-
-
social contributions
2 250
2 250
-
-
total
2 250
2 250
-
-
Income
60 500
60 500
60 500
60 500
Total tax
21 937
23 425
16 599
14 979
After tax
38 563
37 075
43 901
45 521
Living cost
15 457
15 457
15 457
15 457
Free-cash
23 106
21 618
28 444
30 064

Estimated living cost  is ₴15457 per week

₴10182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25279
₴26945
₴25299
₴19740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
income
-
-
-
15 678
pensions
-
-
-
3 562
total
-
-
-
19 240
Employee
21 908
-
52 991
-
health
286
-
827
-
income
3 990
-
11 971
-
pensions
1 672
-
4 492
-
total
5 948
-
17 290
-
Employer
21 908
-
52 991
-
pensions
2 213
-
6 502
-
health
416
-
1 007
-
total
2 629
-
7 509
-
Corporate
35 962
60 500
-
-
income

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

6 832
11 495
-
-
total
6 832
11 495
-
-
Dividends
29 129
49 005
-
-
withholding
2 185
7 765
-
-
total
2 185
7 765
-
-
Income
60 500
60 500
60 500
60 500
Total tax
17 594
19 260
24 799
19 240
After tax
42 906
41 240
35 701
41 260
Living cost
15 961
15 961
15 961
15 961
Free-cash
26 945
25 279
19 740
25 299

Estimated living cost  is ₴15961 per week

₴10949
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.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5144
₴3360
₴31364
₴22335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
accident
-
-
-
106
income
-
-
-
16 156
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
19 092
Employee
15 800
-
53 644
-
health
1 809
-
6 142
-
income
2 168
-
11 907
-
pensions
1 779
-
3 217
-
total
5 756
-
21 266
-
Employer
15 800
-
53 644
-
accident
264
-
896
-
unemployment
387
-
1 314
-
pensions
2 569
-
4 645
-
total
3 220
-
6 855
-
Corporate
41 480
60 500
-
-
income

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

37 332
54 450
-
-
total
37 332
54 450
-
-
Dividends
4 148
6 050
-
-
withholding
788
1 150
-
-
total
788
1 150
-
-
Income
60 500
60 500
60 500
60 500
Total tax
47 096
55 600
28 121
19 092
After tax
13 404
4 900
32 379
41 408
Living cost
10 044
10 044
10 044
10 044
Free-cash
3 360
-5 144
22 335
31 364

Estimated living cost  is ₴10044 per week

₴7371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
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.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45160
₴43168
₴28355
₴35630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
60 500
work injury
-
-
-
303
health insurance
-
-
-
4 477
income
-
-
-
9 756
pensions
-
-
-
11 132
unemployment
-
-
-
726
total
-
-
-
26 394
Employee

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

9 202
-
60 500
-
work injury
46
-
170
-
income
920
-
9 756
-
pensions
1 693
-
6 265
-
health insurance
681
-
2 519
-
unemployment
110
-
409
-
total
3 450
-
19 119
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 298
60 500
-
-
income

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

513
605
-
-
total
513
605
-
-
Dividends
50 785
59 895
-
-
withholding
7 618
8 984
-
-
total
7 618
8 984
-
-
Income
60 500
60 500
60 500
60 500
Total tax
11 581
9 589
19 119
26 394
After tax
48 919
50 911
41 381
34 106
Living cost
5 751
5 751
5 751
5 751
Free-cash
43 168
45 160
35 630
28 355

Estimated living cost  is ₴5751 per week

₴3563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴14904
₴12967
₴12083
₴9329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
60 500
municipal
-
-
-
405
regional
-
-
-
1 370
national
-
-
-
14 118
social contributions
-
-
-
15 561
total
-
-
-
31 454
Employee
35 882
-
60 500
-
social contributions
12 099
-
20 400
-
regional
542
-
1 183
-
municipal
214
-
361
-
national
6 064
-
12 264
-
total
18 919
-
34 208
-
Employer
35 882
-
60 500
-
total
-
-
-
-
Corporate
24 618
60 500
-
-
nationa
5 909
14 520
-
-
municipal
1 186
2 916
-
-
total
7 095
17 436
-
-
Dividends
17 523
43 064
-
-
withholding
4 556
11 197
-
-
total
4 556
11 197
-
-
Income
60 500
60 500
60 500
60 500
Total tax
30 570
28 633
34 208
31 454
After tax
29 930
31 867
26 292
29 046
Living cost
16 963
16 963
16 963
16 963
Free-cash
12 967
14 904
9 329
12 083

Estimated living cost  is ₴16963 per week

₴11916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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