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
₴ 62500
per

Your estimated
City
free-cash

Dresden , Germany
₴26366
₴16085
₴20265
₴21740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
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.

-
-
-
3 492
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.

-
-
-
16 265
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.

-
-
-
894
trade
-
-
-
6 101
total
-
-
-
26 752
Employee

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

19 552
-
62 500
-
surtax

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

30
-
894
-
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.

546
-
16 265
-
health

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

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

3 492
-
3 492
-
total
4 068
-
20 651
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 948
62 500
-
-
chamber of commerce
140
168
-
-
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.

354
516
-
-
trade
6 764
9 843
-
-
income
6 442
9 375
-
-
total
13 700
19 902
-
-
Dividends
29 248
42 598
-
-
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.

392
575
-
-
withholding
7 117
10 455
-
-
total
7 509
11 030
-
-
Income
62 500
62 500
62 500
62 500
Total tax
25 277
30 932
20 651
26 752
After tax
37 223
31 568
41 849
35 748
Living cost
15 483
15 483
15 483
15 483
Free-cash
21 740
16 085
26 366
20 265

Estimated living cost  is ₴15483 per week

₴9740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11009
₴12086
₴10518
₴11638
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
672
pensions
-
-
-
7 500
national
-
-
-
10 269
municipal
-
-
-
6 627
total
-
-
-
25 068
Employee
41 721
-
54 031
-
municipal
5 153
-
6 869
-
national
7 985
-
10 644
-
pensions
1 669
-
2 161
-
total
14 807
-
19 674
-
Employer
41 721
-
54 031
-
pensions
3 338
-
4 322
-
social contributions
449
-
581
-
total
3 787
-
4 903
-
Corporate
14 239
62 500
-
-
income

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

2 848
12 500
-
-
total
2 848
12 500
-
-
Dividends
11 391
50 000
-
-
withholding
2 506
11 000
-
-
total
2 506
11 000
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 948
23 500
24 577
25 068
After tax
38 552
39 000
37 923
37 432
Living cost
26 914
26 914
26 914
26 914
Free-cash
11 638
12 086
11 009
10 518

Estimated living cost  is ₴26914 per week

₴18293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24463
₴39365
₴7054
₴35172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
social contributions

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

-
-
-
19 586
income
-
-
-
9 288
surtax
-
-
-
15 937
microenterprise
-
-
-
-
total
-
-
-
44 811
Employee
14 937
-
50 366
-
surtax
-
-
-
-
social contributions

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

1 643
-
5 540
-
income
2 659
-
9 728
-
total
4 302
-
15 268
-
Employer
14 937
-
50 366
-
surtax
-
-
-
-
social contributions

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

3 598
-
12 134
-
total
3 598
-
12 134
-
Corporate
43 965
62 500
-
-
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%.

8 793
12 500
-
-
total
8 793
12 500
-
-
Dividends

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

35 172
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
16 693
12 500
27 402
44 811
After tax
45 807
50 000
35 098
17 689
Living cost
10 635
10 635
10 635
10 635
Free-cash
35 172
39 365
24 463
7 054

Estimated living cost  is ₴10635 per week

₴6785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12397
₴9119
₴14467
₴5987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
6 304
income
-
-
-
14 326
pensions
-
-
-
5 989
total
-
-
-
26 619
Employee
43 653
43 653
53 186
-
income

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

7 145
7 145
7 145
-
pensions
7 858
5 989
5 989
-
health
6 700
5 699
6 242
-
total
21 703
18 833
19 376
-
Employer
43 653
43 653
53 186
-
unemployment
1 572
1 572
1 915
-
health
3 034
3 034
3 696
-
pensions
3 038
3 038
3 702
-
total
7 644
7 644
9 313
-
Corporate
11 738
11 203
-
-
income
2 348
2 241
-
-
total
2 348
2 241
-
-
Dividends
9 391
8 962
-
-
income
1 995
1 904
-
-
withholding
1 409
1 345
-
-
total
3 404
3 249
-
-
Income
62 500
62 500
62 500
62 500
Total tax
35 099
31 967
28 689
26 619
After tax
27 401
30 533
33 811
35 881
Living cost
21 414
21 414
21 414
21 414
Free-cash
5 987
9 119
12 397
14 467

Estimated living cost  is ₴21414 per week

₴15176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11769
₴13095
₴12336
₴12623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
5 356
health
-
-
-
2 876
accident
-
-
-
92
pensions
-
-
-
4 982
national
-
-
-
1 126
unemployment
-
-
-
46
municipal
-
-
-
14 656
total
-
-
-
29 134
Employee
29 966
-
48 018
-
municipal
8 936
-
14 319
-
national
-
-
900
-
total
8 936
-
15 219
-
Employer
29 966
-
48 018
-
other
3 482
-
5 356
-
unemployment
791
-
1 217
-
health
1 843
-
2 835
-
accident
60
-
92
-
pensions
3 239
-
4 982
-
total
9 415
-
14 482
-
Corporate
23 119
62 500
-
-
income
5 086
13 750
-
-
total
5 086
13 750
-
-
Dividends
18 033
48 750
-
-
withholding
5 410
14 625
-
-
total
5 410
14 625
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 847
28 375
29 701
29 134
After tax
33 653
34 125
32 799
33 366
Living cost
21 030
21 030
21 030
21 030
Free-cash
12 623
13 095
11 769
12 336

Estimated living cost  is ₴21030 per week

₴13938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2064
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21767
₴11165
₴15397
₴18347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
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.

-
-
-
3 492
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.

-
-
-
16 265
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.

-
-
-
894
trade
-
-
-
6 371
total
-
-
-
27 022
Employee

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

25 923
-
62 500
-
surtax

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

122
-
894
-
income

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

2 227
-
16 265
-
health

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

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

3 492
-
3 492
-
total
5 841
-
20 651
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 577
62 500
-
-
chamber of commerce
130
167
-
-
surtax

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

302
516
-
-
trade
6 017
10 281
-
-
income
5 487
9 375
-
-
total
11 936
20 339
-
-
Dividends
24 641
42 161
-
-
surtax

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

328
569
-
-
withholding
5 966
10 346
-
-
total
6 294
10 915
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 071
31 254
20 651
27 022
After tax
38 429
31 246
41 849
35 478
Living cost
20 082
20 082
20 082
20 082
Free-cash
18 347
11 165
21 767
15 397

Estimated living cost  is ₴20082 per week

₴13431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2118
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26568
₴29104
₴27239
₴26984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
8 271
health
-
-
-
1 594
income
-
-
-
8 816
total
-
-
-
18 681
Employee
39 308
39 308
57 044
-
social contributions
1 910
3 262
4 400
-
income
4 128
3 639
8 527
-
health
391
668
970
-
total
6 429
7 569
13 897
-
Employer
39 308
39 308
57 044
-
health
426
728
1 055
-
social contributions
1 910
3 262
4 400
-
total
2 336
3 990
5 455
-
Corporate
37 155
19 202
-
-
income
4 645
2 400
-
-
total
4 645
2 400
-
-
Dividends
32 510
16 802
-
-
withholding
5 526
2 857
-
-
total
5 526
2 857
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 936
16 816
19 352
18 681
After tax
43 564
45 684
43 148
43 819
Living cost
16 580
16 580
16 580
16 580
Free-cash
26 984
29 104
26 568
27 239

Estimated living cost  is ₴16580 per week

₴11334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26860
₴25798
₴33925
₴25992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
4 375
income
-
-
-
7 641
pensions
-
-
-
6 250
unemployment
-
-
-
938
total
-
-
-
19 204
Employee

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

The minimum wage is 138,000 HUF per month.

13 528
5 384
52 301
-
income
1 654
658
6 394
-
pensions
1 353
538
5 230
-
health
947
377
3 661
-
unemployment
203
81
785
-
total
4 157
1 654
16 070
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 528
5 384
52 301
-
pensions
2 638
1 050
10 199
-
total
2 638
1 050
10 199
-
Corporate
46 334
56 066
-
-
income
4 170
5 046
-
-
total
4 170
5 046
-
-
Dividends
42 164
51 020
-
-
social contributions
8 161
9 887
-
-
withholding
8 011
9 694
-
-
total
16 172
19 581
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 137
27 331
26 269
19 204
After tax
35 363
35 169
36 231
43 296
Living cost
9 371
9 371
9 371
9 371
Free-cash
25 992
25 798
26 860
33 925

Estimated living cost  is ₴9371 per week

₴6395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23678
₴37653
₴21153
₴34477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
8 125
income
-
-
-
8 375
pensions
-
-
-
12 500
total
-
-
-
29 000
Employee
14 502
-
46 711
-
income
1 633
-
9 006
-
pensions
290
-
934
-
unemployment
232
-
747
-
total
2 155
-
10 687
-
Employer
14 502
-
46 711
-
unemployment
116
-
373
-
health
1 885
-
6 073
-
pensions
2 901
-
9 342
-
total
4 902
-
15 788
-
Corporate
43 097
62 500
-
-
income
8 619
12 500
-
-
total
8 619
12 500
-
-
Dividends
34 478
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
15 676
12 500
26 475
29 000
After tax
46 824
50 000
36 025
33 500
Living cost
12 347
12 347
12 347
12 347
Free-cash
34 477
37 653
23 678
21 153

Estimated living cost  is ₴12347 per week

₴8469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
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.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21709
-₴6205
₴31558
₴3335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
16 108
pensions
-
-
-
2 131
total
-
-
-
19 675
Employee
17 724
-
54 608
-
income
2 432
-
11 473
-
pensions
1 996
-
3 907
-
health
2 029
-
6 252
-
total
6 457
-
21 632
-
Employer
17 724
-
54 608
-
unemployment
434
-
1 338
-
accident
296
-
912
-
pensions
2 882
-
5 642
-
total
3 612
-
7 892
-
Corporate
41 164
62 500
-
-
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.

37 047
56 250
-
-
total
37 047
56 250
-
-
Dividends
4 116
6 250
-
-
withholding
782
1 188
-
-
total
782
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
47 898
57 438
29 524
19 675
After tax
14 602
5 062
32 976
42 825
Living cost
11 267
11 267
11 267
11 267
Free-cash
3 335
-6 205
21 709
31 558

Estimated living cost  is ₴11267 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45735
₴55110
₴57610
₴54311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
62 500
microenterprise

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

-
-
-
625
total
-
-
-
625
Employee
5 331
-
62 500
-
income
1 066
-
12 500
-
total
1 066
-
12 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

57 169
62 500
-
-
total
-
-
-
-
Dividends
57 169
62 500
-
-
withholding
2 858
3 125
-
-
total
2 858
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
3 924
3 125
12 500
625
After tax
58 576
59 375
50 000
61 875
Living cost
4 265
4 265
4 265
4 265
Free-cash
54 311
55 110
45 735
57 610

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22463
₴32298
₴19878
₴28847
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
2 968
health
-
-
-
2 750
income
-
-
-
8 283
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.

-
-
-
15 000
total
-
-
-
29 001
Employee
18 561
-
49 920
-
income
3 195
-
9 144
-
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.

1 299
-
3 494
-
health
260
-
698
-
unemployment
185
-
500
-
total
4 939
-
13 836
-
Employer
18 561
-
49 920
-
other
928
-
2 496
-
unemployment
185
-
500
-
health
260
-
698
-
accident
148
-
400
-
pensions

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

3 156
-
8 486
-
total
4 677
-
12 580
-
Corporate
39 262
62 500
-
-
income
8 245
13 125
-
-
total
8 245
13 125
-
-
Dividends
31 017
49 375
-
-
withholding
2 171
3 456
-
-
total
2 171
3 456
-
-
Income
62 500
62 500
62 500
62 500
Total tax
20 032
16 581
26 416
29 001
After tax
42 468
45 919
36 084
33 499
Living cost
13 621
13 621
13 621
13 621
Free-cash
28 847
32 298
22 463
19 878

Estimated living cost  is ₴13621 per week

₴9624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3672
₴9830
₴9478
₴5846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
14 990
pensions
-
-
-
4 033
total
-
-
-
19 023
Employee
48 104
-
54 848
-
income
8 671
-
11 119
-
health
793
-
900
-
pensions
4 641
-
5 158
-
total
14 105
-
17 177
-
Employer
48 104
-
54 848
-
health
914
-
1 042
-
pensions
5 680
-
6 610
-
total
6 594
-
7 652
-
Corporate
7 803
62 500
-
-
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.

1 482
11 875
-
-
total
1 482
11 875
-
-
Dividends
6 321
50 625
-
-
withholding
474
6 796
-
-
total
474
6 796
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 655
18 671
24 829
19 023
After tax
39 845
43 829
37 671
43 477
Living cost
33 999
33 999
33 999
33 999
Free-cash
5 846
9 830
3 672
9 478

Estimated living cost  is ₴33999 per week

₴25476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴43920
₴46795
₴41758
₴44442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
2 035
income
-
-
-
9 375
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
14 100
Employee
8 795
-
59 028
-
income
879
-
5 903
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

772
-
1 554
-
health
405
-
814
-
total
2 153
-
8 466
-
Employer
8 795
-
59 028
-
unemployment
53
-
106
-
health
607
-
1 221
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

969
-
1 950
-
total
1 726
-
3 472
-
Corporate
51 979
62 500
-
-
income
5 198
6 250
-
-
total
5 198
6 250
-
-
Dividends
46 781
56 250
-
-
withholding
2 339
2 813
-
-
total
2 339
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
11 416
9 063
11 938
14 100
After tax
51 084
53 437
50 562
48 400
Living cost
6 642
6 642
6 642
6 642
Free-cash
44 442
46 795
43 920
41 758

Estimated living cost  is ₴6642 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5465
₴2187
₴7535
₴3474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
6 304
income
-
-
-
14 326
pensions
-
-
-
5 989
total
-
-
-
26 619
Employee
47 393
43 653
53 186
-
income

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

7 145
7 145
7 145
-
pensions
5 989
5 989
5 989
-
health
5 913
5 699
6 242
-
total
19 047
18 833
19 376
-
Employer
47 393
43 653
53 186
-
unemployment
1 706
1 572
1 915
-
health
3 293
3 034
3 696
-
pensions
3 298
3 038
3 702
-
total
8 297
7 644
9 313
-
Corporate
6 809
11 203
-
-
income
1 362
2 241
-
-
total
1 362
2 241
-
-
Dividends
5 447
8 962
-
-
income
1 157
1 904
-
-
withholding
817
1 345
-
-
total
1 974
3 249
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 680
31 967
28 689
26 619
After tax
31 820
30 533
33 811
35 881
Living cost
28 346
28 346
28 346
28 346
Free-cash
3 474
2 187
5 465
7 535

Estimated living cost  is ₴28346 per week

₴20910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19158
₴30473
₴18035
₴25994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
18 070
health
-
-
-
8 438
income
-
-
-
5 399
solidarity contribution
-
-
-
-
total
-
-
-
31 907
Employee
18 467
-
46 642
-
social contributions
1 200
-
3 032
-
solidarity contribution
-
-
-
-
income
2 216
-
5 597
-
health
2 493
-
6 297
-
total
5 909
-
14 926
-
Employer
18 467
-
46 642
-
health
1 662
-
4 198
-
social contributions
4 617
-
11 660
-
total
6 279
-
15 858
-
Corporate
37 754
62 500
-
-
income
7 173
11 875
-
-
total
7 173
11 875
-
-
Dividends
30 580
50 625
-
-
withholding
4 587
7 594
-
-
total
4 587
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 948
19 469
30 784
31 907
After tax
38 552
43 031
31 716
30 593
Living cost
12 558
12 558
12 558
12 558
Free-cash
25 994
30 473
19 158
18 035

Estimated living cost  is ₴12558 per week

₴8723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6728
₴11775
₴9701
₴9107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
16 075
national
-
-
-
14 072
regional
-
-
-
710
municipal
-
-
-
372
total
-
-
-
31 229
Employee
45 431
-
62 500
-
social contributions
15 319
-
21 075
-
municipal
241
-
332
-
national
7 872
-
12 171
-
regional
429
-
624
-
total
23 861
-
34 202
-
Employer
45 431
-
62 500
-
total
-
-
-
-
Corporate
17 069
62 500
-
-
nationa
4 097
15 000
-
-
municipal
665
2 438
-
-
total
4 762
17 438
-
-
Dividends
12 307
45 062
-
-
withholding
3 200
11 717
-
-
total
3 200
11 717
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 823
29 155
34 202
31 229
After tax
30 677
33 345
28 298
31 271
Living cost
21 570
21 570
21 570
21 570
Free-cash
9 107
11 775
6 728
9 701

Estimated living cost  is ₴21570 per week

₴15036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18078
₴28032
₴19109
₴26442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
-
health
-
-
-
4 438
income
-
-
-
13 272
pensions
-
-
-
12 500
surtax
-
-
-
1 785
unemployment
-
-
-
116
total
-
-
-
32 111
Employee
16 905
-
51 631
-
surtax
55
-
1 622
-
income
2 834
-
12 297
-
other
-
-
-
-
pensions
1 127
-
3 444
-
health
432
-
1 316
-
unemployment
1 177
-
3 593
-
total
5 625
-
22 272
-
Employer
16 905
-
51 631
-
other
-
-
-
-
unemployment
535
-
1 637
-
health
769
-
2 350
-
pensions
2 253
-
6 883
-
total
3 557
-
10 870
-
Corporate
42 037
62 500
-
-
income
10 930
16 250
-
-
total
10 930
16 250
-
-
Dividends
31 107
46 250
-
-
withholding
4 666
6 938
-
-
total
4 666
6 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 778
23 188
33 142
32 111
After tax
37 722
39 312
29 358
30 389
Living cost
11 280
11 280
11 280
11 280
Free-cash
26 442
28 032
18 078
19 109

Estimated living cost  is ₴11280 per week

₴6897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1041
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.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14444
₴20602
₴20250
₴19601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
14 990
pensions
-
-
-
4 033
total
-
-
-
19 023
Employee
32 238
-
54 848
-
income
5 806
-
11 119
-
health
468
-
900
-
pensions
2 736
-
5 158
-
total
9 010
-
17 177
-
Employer
32 238
-
54 848
-
health
612
-
1 042
-
pensions
3 490
-
6 610
-
total
4 102
-
7 652
-
Corporate
26 160
62 500
-
-
income

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

4 971
11 875
-
-
total
4 971
11 875
-
-
Dividends
21 189
50 625
-
-
withholding
1 589
6 796
-
-
total
1 589
6 796
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 672
18 671
24 829
19 023
After tax
42 828
43 829
37 671
43 477
Living cost
23 227
23 227
23 227
23 227
Free-cash
19 601
20 602
14 444
20 250

Estimated living cost  is ₴23227 per week

₴17402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
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.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7530
-₴12568
₴10635
₴5038
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other

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

-
-
-
1 250
health
-
-
-
141
pensions
-
-
-
5 750
city
-
-
-
658
national
-
-
-
537
regional
-
-
-
2 382
total
-
-
-
10 718
Employee
48 153
-
55 940
-
national
228
-
409
-
city
517
-
601
-
pensions
4 045
-
4 700
-
health
109
-
126
-
regional
1 577
-
2 042
-
unemployment
-
-
-
-
total
6 476
-
7 878
-
Employer
48 153
-
55 940
-
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.

963
-
1 119
-
unemployment
-
-
-
-
health
109
-
126
-
pensions
4 045
-
4 700
-
total
5 117
-
5 945
-
Corporate
8 701
62 500
-
-
regional
1 840
13 219
-
-
national
740
5 313
-
-
total
2 580
18 532
-
-
Dividends
6 121
43 969
-
-
withholding
2 142
15 389
-
-
total
2 142
15 389
-
-
Income
62 500
62 500
62 500
62 500
Total tax
16 315
33 921
13 823
10 718
After tax
46 185
28 579
48 677
51 782
Living cost
41 147
41 147
41 147
41 147
Free-cash
5 038
-12 568
7 530
10 635

Estimated living cost  is ₴41147 per week

₴26757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18431
₴7507
₴11788
₴15796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
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.

-
-
-
3 492
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.

-
-
-
16 265
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.

-
-
-
894
trade
-
-
-
6 643
total
-
-
-
27 294
Employee

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

30 721
-
62 500
-
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.

199
-
894
-
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.

3 613
-
16 265
-
health

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

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

3 492
-
3 492
-
total
7 304
-
20 651
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 779
62 500
-
-
chamber of commerce
122
166
-
-
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.

262
516
-
-
trade
5 450
10 718
-
-
income
4 767
9 375
-
-
total
10 601
20 775
-
-
Dividends
21 178
41 725
-
-
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.

280
563
-
-
withholding
5 101
10 237
-
-
total
5 381
10 800
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 286
31 575
20 651
27 294
After tax
39 214
30 925
41 849
35 206
Living cost
23 418
23 418
23 418
23 418
Free-cash
15 796
7 507
18 431
11 788

Estimated living cost  is ₴23418 per week

₴17103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19923
₴14011
₴18178
₴17030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
1 937
social contributions
-
-
-
1 781
health
-
-
-
1 783
income
-
-
-
7 562
pensions
-
-
-
13 770
surtax
-
-
-
-
total
-
-
-
26 833
Employee
21 878
-
49 926
-
surtax
-
-
-
-
social contributions
624
-
1 423
-
income
1 291
-
8 284
-
pensions
2 474
-
2 807
-
total
4 389
-
12 514
-
Employer
21 878
-
49 926
-
other
755
-
1 723
-
unemployment
886
-
2 022
-
health
1 532
-
3 834
-
pensions
3 594
-
4 846
-
social contributions
66
-
149
-
total
6 833
-
12 574
-
Corporate
33 790
62 500
-
-
surtax
-
-
-
-
income
9 461
17 500
-
-
total
9 461
17 500
-
-
Dividends
24 329
45 000
-
-
social contributions
4 184
7 740
-
-
surtax
-
-
-
-
withholding
3 114
5 760
-
-
total
7 298
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 981
31 000
25 088
26 833
After tax
34 519
31 500
37 412
35 667
Living cost
17 489
17 489
17 489
17 489
Free-cash
17 030
14 011
19 923
18 178

Estimated living cost  is ₴17489 per week

₴11028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21655
₴15743
₴19910
₴18583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
1 937
social contributions
-
-
-
1 781
health
-
-
-
1 783
income
-
-
-
7 562
pensions
-
-
-
13 770
surtax
-
-
-
-
total
-
-
-
26 833
Employee
19 529
-
49 926
-
surtax
-
-
-
-
social contributions
557
-
1 423
-
income
1 007
-
8 284
-
pensions
2 209
-
2 807
-
total
3 773
-
12 514
-
Employer
19 529
-
49 926
-
other
674
-
1 723
-
unemployment
791
-
2 022
-
health
1 367
-
3 834
-
pensions
3 209
-
4 846
-
social contributions
58
-
149
-
total
6 099
-
12 574
-
Corporate
36 872
62 500
-
-
surtax
-
-
-
-
income
10 324
17 500
-
-
total
10 324
17 500
-
-
Dividends
26 548
45 000
-
-
social contributions
4 566
7 740
-
-
surtax
-
-
-
-
withholding
3 398
5 760
-
-
total
7 964
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 160
31 000
25 088
26 833
After tax
34 340
31 500
37 412
35 667
Living cost
15 757
15 757
15 757
15 757
Free-cash
18 583
15 743
21 655
19 910

Estimated living cost  is ₴15757 per week

₴9138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28818
₴27291
₴29298
₴27557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
8 625
health
-
-
-
4 362
income
-
-
-
9 375
total
-
-
-
22 362
Employee
17 332
-
62 500
-
social contributions
2 392
-
8 625
-
income
2 891
-
9 855
-
health
1 210
-
4 362
-
total
6 493
-
22 842
-
Employer
17 332
-
62 500
-
total
-
-
-
-
Corporate
45 168
62 500
-
-
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%.

2 258
3 125
-
-
total
2 258
3 125
-
-
Dividends
42 909
59 375
-
-
social contributions
5 921
8 194
-
-
withholding
6 436
8 906
-
-
health
2 995
4 144
-
-
total
15 352
21 244
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 103
24 369
22 842
22 362
After tax
38 397
38 131
39 658
40 138
Living cost
10 840
10 840
10 840
10 840
Free-cash
27 557
27 291
28 818
29 298

Estimated living cost  is ₴10840 per week

₴7254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴512
₴16832
₴13123
₴16043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
4 568
income
-
-
-
12 263
chamber of commerce
-
-
-
250
pensions
-
-
-
11 048
surtax
-
-
-
101
unemployment
-
-
-
3 135
total
-
-
-
31 365
Employee
25 547
20 371
48 452
-
income
2 908
1 503
10 553
-
other
255
204
484
-
pensions
2 616
2 086
4 962
-
health
989
789
1 875
-
unemployment
766
611
1 453
-
total
7 534
5 193
19 327
-
Employer
25 547
20 371
48 452
-
other
1 214
967
2 302
-
unemployment
766
611
1 453
-
health
965
770
1 831
-
surtax
101
101
101
-
accident
332
265
630
-
pensions
3 206
2 557
6 080
-
payroll
766
611
1 453
-
chamber of commerce
102
81
194
-
total
7 452
5 963
14 044
-
Corporate
29 501
36 165
46 515
-
income

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

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

7 375
9 041
11 629
-
total
7 375
9 041
11 629
-
Dividends
22 126
27 123
-
-
withholding
6 084
7 459
-
-
total
6 084
7 459
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 445
27 656
45 000
31 365
After tax
34 055
34 844
17 500
31 135
Living cost
18 012
18 012
18 012
18 012
Free-cash
16 043
16 832
-512
13 123

Estimated living cost  is ₴18012 per week

₴12013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4902
₴16374
₴9499
₴8706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
9 973
communal

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

-
-
-
3 152
national
-
-
-
21 238
total
-
-
-
34 363
Employee

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

36 565
-
48 409
-
national
11 242
-
16 015
-
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.

2 742
-
3 631
-
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.

1 718
-
2 276
-
communal

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

1 907
-
2 525
-
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.

318
-
421
-
total
17 927
-
24 868
-
Employer

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

36 565
-
48 409
-
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.

534
-
707
-
health

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

2 249
-
2 977
-
surtax
4 146
-
5 489
-
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.

475
-
630
-
pensions

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

3 240
-
4 289
-
total
10 644
-
14 092
-
Corporate
15 291
62 500
-
-
surtax
61
250
-
-
income
3 059
12 500
-
-
total
3 120
12 750
-
-
Dividends
12 171
49 749
-
-
withholding

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

3 465
14 738
-
-
total
3 465
14 738
-
-
Income
62 500
62 500
62 500
62 500
Total tax
35 156
27 488
38 960
34 363
After tax
27 344
35 012
23 540
28 137
Living cost
18 638
18 638
18 638
18 638
Free-cash
8 706
16 374
4 902
9 499

Estimated living cost  is ₴18638 per week

₴12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13673
₴23531
₴16128
₴19552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
13 696
pensions
-
-
-
13 408
unemployment
-
-
-
332
total
-
-
-
27 911
Employee
25 446
-
47 395
-
income
5 369
-
12 252
-
other
25
-
48
-
pensions
1 196
-
2 227
-
unemployment
395
-
734
-
total
6 985
-
15 261
-
Employer
25 446
-
47 395
-
other
203
-
379
-
unemployment
1 400
-
2 606
-
accident
503
-
938
-
pensions
6 005
-
11 182
-
total
8 111
-
15 105
-
Corporate
28 944
62 500
-
-
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.

4 341
9 375
-
-
total
4 341
9 375
-
-
Dividends
24 603
53 125
-
-
withholding
5 050
11 133
-
-
total
5 050
11 133
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 487
20 508
30 366
27 911
After tax
38 013
41 992
32 134
34 589
Living cost
18 461
18 461
18 461
18 461
Free-cash
19 552
23 531
13 673
16 128

Estimated living cost  is ₴18461 per week

₴13595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8698
₴10007
₴6202
₴5187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
4 392
accident
-
-
-
527
income
-
-
-
7 183
pensions
-
-
-
9 368
communal
-
-
-
3 950
surtax
-
-
-
3 098
total
-
-
-
28 518
Employee
38 712
-
55 829
-
surtax
2 373
-
3 421
-
income
3 739
-
8 981
-
pensions
3 096
-
4 466
-
health
1 723
-
2 484
-
total
10 931
-
19 352
-
Employer
38 712
-
55 829
-
health
1 181
-
1 702
-
accident
348
-
502
-
pensions
3 096
-
4 466
-
total
4 625
-
6 670
-
Corporate
19 163
62 500
-
-
surtax
201
656
-
-
income
2 874
9 375
-
-
communal
1 293
4 219
-
-
total
4 368
14 250
-
-
Dividends
14 795
48 251
-
-
income
7 389
3 225
-
-
withholding
2 220
7 238
-
-
total
9 609
10 463
-
-
Income
62 500
62 500
62 500
62 500
Total tax
29 533
24 713
26 022
28 518
After tax
32 967
37 787
36 478
33 982
Living cost
27 780
27 780
27 780
27 780
Free-cash
5 187
10 007
8 698
6 202

Estimated living cost  is ₴27780 per week

₴20839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4963
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17876
₴27830
₴18907
₴26205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
-
health
-
-
-
4 438
income
-
-
-
13 272
pensions
-
-
-
12 500
surtax
-
-
-
1 785
unemployment
-
-
-
116
total
-
-
-
32 111
Employee
17 215
-
51 631
-
surtax
61
-
1 622
-
income
2 886
-
12 297
-
other
-
-
-
-
pensions
1 149
-
3 444
-
health
439
-
1 316
-
unemployment
1 198
-
3 593
-
total
5 733
-
22 272
-
Employer
17 215
-
51 631
-
other
-
-
-
-
unemployment
546
-
1 637
-
health
783
-
2 350
-
pensions
2 295
-
6 883
-
total
3 624
-
10 870
-
Corporate
41 661
62 500
-
-
income
10 832
16 250
-
-
total
10 832
16 250
-
-
Dividends
30 829
46 250
-
-
withholding
4 624
6 938
-
-
total
4 624
6 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 813
23 188
33 142
32 111
After tax
37 687
39 312
29 358
30 389
Living cost
11 482
11 482
11 482
11 482
Free-cash
26 205
27 830
17 876
18 907

Estimated living cost  is ₴11482 per week

₴6932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14312
₴19082
₴17269
₴17948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
16 075
national
-
-
-
14 072
regional
-
-
-
942
municipal
-
-
-
372
total
-
-
-
31 461
Employee
28 356
-
62 500
-
social contributions
9 562
-
21 075
-
municipal
150
-
332
-
national
4 492
-
12 171
-
regional
382
-
840
-
total
14 586
-
34 418
-
Employer
28 356
-
62 500
-
total
-
-
-
-
Corporate
34 144
62 500
-
-
nationa
8 194
15 000
-
-
municipal
1 697
3 106
-
-
total
9 891
18 106
-
-
Dividends
24 253
44 394
-
-
withholding
6 305
11 542
-
-
total
6 305
11 542
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 782
29 648
34 418
31 461
After tax
31 718
32 852
28 082
31 039
Living cost
13 770
13 770
13 770
13 770
Free-cash
17 948
19 082
14 312
17 269

Estimated living cost  is ₴13770 per week

₴8564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16241
₴27556
₴15118
₴22036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
18 070
health
-
-
-
8 438
income
-
-
-
5 399
solidarity contribution
-
-
-
-
total
-
-
-
31 907
Employee
22 757
-
46 642
-
social contributions
1 479
-
3 032
-
solidarity contribution
-
-
-
-
income
2 731
-
5 597
-
health
3 072
-
6 297
-
total
7 282
-
14 926
-
Employer
22 757
-
46 642
-
health
2 048
-
4 198
-
social contributions
5 689
-
11 660
-
total
7 737
-
15 858
-
Corporate
32 006
62 500
-
-
income
6 081
11 875
-
-
total
6 081
11 875
-
-
Dividends
25 925
50 625
-
-
withholding
3 889
7 594
-
-
total
3 889
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 989
19 469
30 784
31 907
After tax
37 511
43 031
31 716
30 593
Living cost
15 475
15 475
15 475
15 475
Free-cash
22 036
27 556
16 241
15 118

Estimated living cost  is ₴15475 per week

₴11508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1204
₴18590
₴14927
₴18340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
4 568
income
-
-
-
12 263
chamber of commerce
-
-
-
250
pensions
-
-
-
11 048
surtax
-
-
-
-
unemployment
-
-
-
3 135
total
-
-
-
31 264
Employee
22 345
20 371
48 533
-
income
1 991
1 503
10 582
-
other
223
204
485
-
pensions
2 288
2 086
4 970
-
health
864
789
1 878
-
unemployment
670
611
1 456
-
total
6 036
5 193
19 371
-
Employer
22 345
20 371
48 533
-
other
1 061
967
2 305
-
unemployment
670
611
1 456
-
health
845
770
1 834
-
surtax
-
-
-
-
accident
290
265
631
-
pensions
2 804
2 557
6 091
-
payroll
670
611
1 456
-
chamber of commerce
89
81
194
-
total
6 429
5 862
13 967
-
Corporate
33 724
36 265
46 593
-
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.

8 431
9 066
11 649
-
total
8 431
9 066
11 649
-
Dividends
25 293
27 199
-
-
withholding
6 955
7 480
-
-
total
6 955
7 480
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 851
27 601
44 987
31 264
After tax
34 649
34 899
17 513
31 236
Living cost
16 309
16 309
16 309
16 309
Free-cash
18 340
18 590
1 204
14 927

Estimated living cost  is ₴16309 per week

₴9783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴43354
₴52729
₴55229
₴51482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
62 500
microenterprise

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

-
-
-
625
total
-
-
-
625
Employee
8 308
-
62 500
-
income
1 662
-
12 500
-
total
1 662
-
12 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

54 192
62 500
-
-
total
-
-
-
-
Dividends
54 192
62 500
-
-
withholding
2 710
3 125
-
-
total
2 710
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
4 372
3 125
12 500
625
After tax
58 128
59 375
50 000
61 875
Living cost
6 646
6 646
6 646
6 646
Free-cash
51 482
52 729
43 354
55 229

Estimated living cost  is ₴6646 per week

₴4497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
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.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16335
₴29320
₴18126
₴25043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
health
-
-
-
6 150
income
-
-
-
13 005
pensions
-
-
-
11 414
unemployment
-
-
-
94
total
-
-
-
30 663
Employee

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

22 605
-
54 080
-
income
3 898
-
12 082
-
pensions
3 504
-
8 382
-
health
1 460
-
3 494
-
unemployment
32
-
76
-
total
8 894
-
24 034
-
Employer

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

22 605
-
54 080
-
unemployment
14
-
32
-
health
1 506
-
3 602
-
pensions
2 000
-
4 786
-
total
3 520
-
8 420
-
Corporate
36 376
62 500
-
-
income
6 912
11 875
-
-
total
6 912
11 875
-
-
Dividends
29 464
50 625
-
-
withholding
4 420
7 594
-
-
total
4 420
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 746
19 469
32 454
30 663
After tax
38 754
43 031
30 046
31 837
Living cost
13 711
13 711
13 711
13 711
Free-cash
25 043
29 320
16 335
18 126

Estimated living cost  is ₴13711 per week

₴9410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32283
₴14868
₴20035
-₴17522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
7 125
income
-
-
-
12 183
total
-
-
-
19 308
Employee
33 204
-
-
-
social contributions
2 723
-
388
-
income
7 324
-
-
-
total
10 047
-
388
-
Employer
33 204
-
-
-
social contributions
46 818
-
6 672
-
total
46 818
-
6 672
-
Corporate
-
62 500
-
-
income
-
13 750
-
-
total
-
13 750
-
-
Dividends
-
48 750
-
-
income
-
10 725
-
-
total
-
10 725
-
-
Income
62 500
62 500
62 500
62 500
Total tax
56 865
24 475
7 060
19 308
After tax
5 635
38 025
55 440
43 192
Living cost
23 157
23 157
23 157
23 157
Free-cash
-17 522
14 868
32 283
20 035

Estimated living cost  is ₴23157 per week

₴15025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14466
₴19516
₴18357
₴19001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
social contributions

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

-
-
-
21 719
income
-
-
-
6 390
surtax
-
-
-
-
total
-
-
-
28 109
Employee
23 511
-
50 505
-
surtax
-
-
-
-
social contributions
2 586
-
5 556
-
income
4 890
-
14 449
-
total
7 476
-
20 005
-
Employer
23 511
-
50 505
-
social contributions
5 584
-
11 995
-
total
5 584
-
11 995
-
Corporate
33 406
62 500
-
-
surtax
-
-
-
-
income
7 016
13 125
-
-
total
7 016
13 125
-
-
Dividends
26 390
49 375
-
-
withholding
7 389
13 825
-
-
total
7 389
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 465
26 950
32 000
28 109
After tax
35 035
35 550
30 500
34 391
Living cost
16 034
16 034
16 034
16 034
Free-cash
19 001
19 516
14 466
18 357

Estimated living cost  is ₴16034 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12722
₴6810
₴10977
₴10323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
1 937
social contributions
-
-
-
1 781
health
-
-
-
1 783
income
-
-
-
7 562
pensions
-
-
-
13 770
surtax
-
-
-
-
total
-
-
-
26 833
Employee
32 017
-
49 926
-
surtax
-
-
-
-
social contributions
912
-
1 423
-
income
2 794
-
8 284
-
pensions
3 621
-
2 807
-
total
7 327
-
12 514
-
Employer
32 017
-
49 926
-
other
1 105
-
1 723
-
unemployment
1 297
-
2 022
-
health
2 241
-
3 834
-
pensions
5 261
-
4 846
-
social contributions
96
-
149
-
total
10 000
-
12 574
-
Corporate
20 484
62 500
-
-
surtax
-
-
-
-
income
5 735
17 500
-
-
total
5 735
17 500
-
-
Dividends
14 749
45 000
-
-
social contributions
2 537
7 740
-
-
surtax
-
-
-
-
withholding
1 888
5 760
-
-
total
4 425
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 487
31 000
25 088
26 833
After tax
35 013
31 500
37 412
35 667
Living cost
24 690
24 690
24 690
24 690
Free-cash
10 323
6 810
12 722
10 977

Estimated living cost  is ₴24690 per week

₴16709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33274
₴40884
₴31614
₴39167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
1 770
social contributions
-
-
-
13 750
total
-
-
-
15 520
Employee
16 434
-
54 113
-
income
-
-
1 956
-
social contributions
1 068
-
3 517
-
total
1 068
-
5 473
-
Employer
16 434
-
54 113
-
social contributions
2 547
-
8 387
-
total
2 547
-
8 387
-
Corporate
43 519
62 500
-
-
income
4 352
6 250
-
-
total
4 352
6 250
-
-
Dividends
39 167
56 250
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
7 967
6 250
13 860
15 520
After tax
54 533
56 250
48 640
46 980
Living cost
15 366
15 366
15 366
15 366
Free-cash
39 167
40 884
33 274
31 614

Estimated living cost  is ₴15366 per week

₴9935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴48353
-₴48353
₴13571
-₴48353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
labour market
-
-
-
4 965
pensions
-
-
-
441
national
-
-
-
6 806
municipal
-
-
-
12 214
total
-
-
-
24 426
Employee
103 420
103 420
103 420
-
labour market
8 262
8 262
8 262
-
municipal
22 023
22 023
22 023
-
national
12 635
12 635
12 635
-
pensions
147
147
147
-
total
43 067
43 067
43 067
-
Employer
103 420
103 420
103 420
-
national
12 657
12 657
12 657
-
labour market
8 274
8 274
8 274
-
pensions
294
294
294
-
municipal
22 058
22 058
22 058
-
total
43 283
43 283
43 283
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
86 350
86 350
86 350
24 426
After tax
-23 850
-23 850
-23 850
38 074
Living cost
24 503
24 503
24 503
24 503
Free-cash
-48 353
-48 353
-48 353
13 571

Estimated living cost  is ₴24503 per week

₴16770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5188
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21875
-₴6039
₴31724
₴3360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
16 108
pensions
-
-
-
2 131
total
-
-
-
19 675
Employee
17 463
-
54 608
-
income
2 396
-
11 473
-
pensions
1 966
-
3 907
-
health
2 000
-
6 252
-
total
6 362
-
21 632
-
Employer
17 463
-
54 608
-
unemployment
428
-
1 338
-
accident
292
-
912
-
pensions
2 839
-
5 642
-
total
3 559
-
7 892
-
Corporate
41 478
62 500
-
-
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.

37 330
56 250
-
-
total
37 330
56 250
-
-
Dividends
4 148
6 250
-
-
withholding
788
1 188
-
-
total
788
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 039
57 438
29 524
19 675
After tax
14 461
5 062
32 976
42 825
Living cost
11 101
11 101
11 101
11 101
Free-cash
3 360
-6 039
21 875
31 724

Estimated living cost  is ₴11101 per week

₴8080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
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.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14911
₴21061
₴23482
₴21051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
62 500
health
-
-
-
749
national
-
-
-
7 528
municipal
-
-
-
11 115
total
-
-
-
19 392
Employee
26 895
-
52 579
-
municipal
4 405
-
8 576
-
national
444
-
4 531
-
pensions
1 815
-
3 549
-
health
201
-
597
-
unemployment
404
-
789
-
total
7 269
-
18 042
-
Employer
26 895
-
52 579
-
unemployment
175
-
341
-
health
207
-
405
-
accident
27
-
52
-
pensions
4 666
-
9 123
-
total
5 075
-
9 921
-
Corporate
30 531
62 500
-
-
income
6 107
12 500
-
-
total
6 107
12 500
-
-
Dividends

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

18 318
37 500
-
-
national
75
2 563
-
-
municipal
3 297
6 750
-
-
total
3 372
9 313
-
-
Income
62 500
62 500
62 500
62 500
Total tax
21 823
21 813
27 963
19 392
After tax
40 677
40 687
34 537
43 108
Living cost
19 626
19 626
19 626
19 626
Free-cash
21 051
21 061
14 911
23 482

Estimated living cost  is ₴19626 per week

₴12819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31313
₴33849
₴31984
₴31067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
8 271
health
-
-
-
1 594
income
-
-
-
8 816
total
-
-
-
18 681
Employee
39 308
39 308
57 044
-
social contributions
1 486
3 262
4 400
-
income
4 280
3 639
8 527
-
health
305
668
970
-
total
6 071
7 569
13 897
-
Employer
39 308
39 308
57 044
-
health
331
728
1 055
-
social contributions
1 486
3 262
4 400
-
total
1 817
3 990
5 455
-
Corporate
42 777
19 202
-
-
income
5 347
2 400
-
-
total
5 347
2 400
-
-
Dividends
37 430
16 802
-
-
withholding
6 363
2 857
-
-
total
6 363
2 857
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 598
16 816
19 352
18 681
After tax
42 902
45 684
43 148
43 819
Living cost
11 835
11 835
11 835
11 835
Free-cash
31 067
33 849
31 313
31 984

Estimated living cost  is ₴11835 per week

₴7093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32881
₴43640
₴43135
₴41041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
62 500
health
-
-
-
1 850
income
-
-
-
6 132
pensions
-
-
-
3 252
unemployment
-
-
-
15
total
-
-
-
11 249
Employee

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

11 733
-
57 504
-
income
802
-
4 864
-
pensions
1 760
-
7 276
-
health
997
-
4 123
-
unemployment
58
-
243
-
total
3 617
-
16 506
-
Employer

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

11 733
-
57 504
-
unemployment
58
-
243
-
health
504
-
2 086
-
pensions
645
-
2 668
-
total
1 207
-
4 997
-
Corporate
49 559
62 500
-
-
income
4 460
5 625
-
-
total
4 460
5 625
-
-
Dividends
45 098
56 875
-
-
withholding
4 059
5 119
-
-
total
4 059
5 119
-
-
Income
62 500
62 500
62 500
62 500
Total tax
13 343
10 744
21 503
11 249
After tax
49 157
51 756
40 997
51 251
Living cost
8 116
8 116
8 116
8 116
Free-cash
41 041
43 640
32 881
43 135

Estimated living cost  is ₴8116 per week

₴5178
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.
₴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.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18077
₴27935
₴20532
₴25347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
13 696
pensions
-
-
-
13 408
unemployment
-
-
-
332
total
-
-
-
27 911
Employee
18 902
-
47 395
-
income
3 644
-
12 252
-
other
18
-
48
-
pensions
889
-
2 227
-
unemployment
293
-
734
-
total
4 844
-
15 261
-
Employer
18 902
-
47 395
-
other
151
-
379
-
unemployment
1 040
-
2 606
-
accident
374
-
938
-
pensions
4 460
-
11 182
-
total
6 025
-
15 105
-
Corporate
37 572
62 500
-
-
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.

5 636
9 375
-
-
total
5 636
9 375
-
-
Dividends
31 936
53 125
-
-
withholding
6 591
11 133
-
-
total
6 591
11 133
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 096
20 508
30 366
27 911
After tax
39 404
41 992
32 134
34 589
Living cost
14 057
14 057
14 057
14 057
Free-cash
25 347
27 935
18 077
20 532

Estimated living cost  is ₴14057 per week

₴9488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴2971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39054
₴38053
₴39121
₴37898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
501
income
-
-
-
21 240
pensions
-
-
-
691
total
-
-
-
22 432
Employee
1 442
-
61 723
-
income
279
-
21 203
-
pensions
130
-
311
-
health
72
-
173
-
unemployment
14
-
35
-
total
495
-
21 722
-
Employer
1 442
-
61 723
-
unemployment
29
-
69
-
health
137
-
328
-
pensions
159
-
380
-
total
325
-
777
-
Corporate
60 733
62 500
-
-
income
13 361
13 750
-
-
total
13 361
13 750
-
-
Dividends
47 372
48 750
-
-
withholding
9 474
9 750
-
-
total
9 474
9 750
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 655
23 500
22 499
22 432
After tax
38 845
39 000
40 001
40 068
Living cost
947
947
947
947
Free-cash
37 898
38 053
39 054
39 121

Estimated living cost  is ₴947 per week

₴563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25929
₴36333
₴25930
₴33822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
health
-
-
-
3 884
income
-
-
-
13 494
pensions
-
-
-
9 803
unemployment
-
-
-
566
total
-
-
-
27 747
Employee

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

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

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

13 305
-
55 751
-
income
1 834
-
13 494
-
pensions
1 863
-
5 279
-
health
685
-
1 942
-
unemployment
100
-
283
-
total
4 482
-
20 998
-
Employer

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

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

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

13 305
-
55 751
-
unemployment
100
-
283
-
health
685
-
1 942
-
pensions
1 597
-
4 525
-
total
2 382
-
6 750
-
Corporate
46 813
62 500
-
-
income
7 022
9 375
-
-
total
7 022
9 375
-
-
Dividends
39 791
53 125
-
-
withholding
5 969
7 969
-
-
total
5 969
7 969
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 855
17 344
27 748
27 747
After tax
42 645
45 156
34 752
34 753
Living cost
8 823
8 823
8 823
8 823
Free-cash
33 822
36 333
25 929
25 930

Estimated living cost  is ₴8823 per week

₴5941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16719
₴21769
₴20610
₴21584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
social contributions

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

-
-
-
21 719
income
-
-
-
6 390
surtax
-
-
-
-
total
-
-
-
28 109
Employee
19 840
-
50 505
-
surtax
-
-
-
-
social contributions
2 183
-
5 556
-
income
3 877
-
14 449
-
total
6 060
-
20 005
-
Employer
19 840
-
50 505
-
social contributions
4 712
-
11 995
-
total
4 712
-
11 995
-
Corporate
37 948
62 500
-
-
surtax
-
-
-
-
income
7 969
13 125
-
-
total
7 969
13 125
-
-
Dividends
29 979
49 375
-
-
withholding
8 394
13 825
-
-
total
8 394
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 135
26 950
32 000
28 109
After tax
35 365
35 550
30 500
34 391
Living cost
13 781
13 781
13 781
13 781
Free-cash
21 584
21 769
16 719
20 610

Estimated living cost  is ₴13781 per week

₴9761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14169
₴24027
₴16624
₴20223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
13 696
pensions
-
-
-
13 408
unemployment
-
-
-
332
total
-
-
-
27 911
Employee
24 688
-
47 395
-
income
5 156
-
12 252
-
other
24
-
48
-
pensions
1 160
-
2 227
-
unemployment
382
-
734
-
total
6 722
-
15 261
-
Employer
24 688
-
47 395
-
other
198
-
379
-
unemployment
1 358
-
2 606
-
accident
489
-
938
-
pensions
5 826
-
11 182
-
total
7 871
-
15 105
-
Corporate
29 941
62 500
-
-
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.

4 491
9 375
-
-
total
4 491
9 375
-
-
Dividends
25 449
53 125
-
-
withholding
5 228
11 133
-
-
total
5 228
11 133
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 312
20 508
30 366
27 911
After tax
38 188
41 992
32 134
34 589
Living cost
17 965
17 965
17 965
17 965
Free-cash
20 223
24 027
14 169
16 624

Estimated living cost  is ₴17965 per week

₴12902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41847
₴44722
₴39685
₴41635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
health
-
-
-
2 035
income
-
-
-
9 375
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
14 100
Employee
11 539
-
59 028
-
income
1 154
-
5 903
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 013
-
1 554
-
health
531
-
814
-
total
2 825
-
8 466
-
Employer
11 539
-
59 028
-
unemployment
69
-
106
-
health
796
-
1 221
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 950
-
total
2 264
-
3 472
-
Corporate
48 697
62 500
-
-
income
4 870
6 250
-
-
total
4 870
6 250
-
-
Dividends
43 827
56 250
-
-
withholding
2 191
2 813
-
-
total
2 191
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 150
9 063
11 938
14 100
After tax
50 350
53 437
50 562
48 400
Living cost
8 715
8 715
8 715
8 715
Free-cash
41 635
44 722
41 847
39 685

Estimated living cost  is ₴8715 per week

₴5764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
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.
₴2244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22113
₴12476
₴16555
₴19165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
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.

-
-
-
3 492
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.

-
-
-
16 265
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.

-
-
-
894
trade
-
-
-
5 559
total
-
-
-
26 210
Employee

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

25 435
-
62 500
-
surtax

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

115
-
894
-
income

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

2 091
-
16 265
-
health

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

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

3 492
-
3 492
-
total
5 698
-
20 651
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 065
62 500
-
-
chamber of commerce
132
169
-
-
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.

306
516
-
-
trade
5 319
8 968
-
-
income
5 559
9 375
-
-
total
11 316
19 028
-
-
Dividends
25 749
43 472
-
-
surtax

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

343
587
-
-
withholding
6 243
10 674
-
-
total
6 586
11 261
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 600
30 289
20 651
26 210
After tax
38 900
32 211
41 849
36 290
Living cost
19 736
19 736
19 736
19 736
Free-cash
19 165
12 476
22 113
16 555

Estimated living cost  is ₴19736 per week

₴13614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11033
₴14630
₴11033
₴15761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
16 550
social contributions
-
-
-
5 798
total
-
-
-
22 348
Employee
39 986
-
62 500
-
income
7 545
-
16 550
-
social contributions
3 322
-
5 798
-
total
10 867
-
22 348
-
Employer
39 986
-
62 500
-
total
-
-
-
-
Corporate
22 514
62 500
-
-
income
2 814
7 813
-
-
total
2 814
7 813
-
-
Dividends
19 700
54 687
-
-
withholding
3 939
10 938
-
-
total
3 939
10 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
17 620
18 751
22 348
22 348
After tax
44 880
43 749
40 152
40 152
Living cost
29 119
29 119
29 119
29 119
Free-cash
15 761
14 630
11 033
11 033

Estimated living cost  is ₴29119 per week

₴22154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27524
₴19368
₴26233
₴21154
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
income
-
-
-
14 551
health

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

-
-
-
3 160
total
-
-
-
17 711
Employee
23 450
-
60 149
-
income
2 544
-
11 718
-
social contributions
2 350
-
2 351
-
total
4 894
-
14 069
-
Employer
23 450
-
60 149
-
social contributions
2 350
-
2 351
-
total
2 350
-
2 351
-
Corporate
36 700
62 500
-
-
income
12 845
21 875
-
-
total
12 845
21 875
-
-
Dividends
23 856
40 625
-
-
social contributions
2 701
2 701
-
-
total
2 701
2 701
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 790
24 576
16 420
17 711
After tax
39 710
37 924
46 080
44 789
Living cost
18 556
18 556
18 556
18 556
Free-cash
21 154
19 368
27 524
26 233

Estimated living cost  is ₴18556 per week

₴12223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1463
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.
₴4586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18788
₴24946
₴24594
₴25077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
14 990
pensions
-
-
-
4 033
total
-
-
-
19 023
Employee
25 920
-
54 848
-
income
4 720
-
11 119
-
health
338
-
900
-
pensions
1 978
-
5 158
-
total
7 036
-
17 177
-
Employer
25 920
-
54 848
-
health
493
-
1 042
-
pensions
2 619
-
6 610
-
total
3 112
-
7 652
-
Corporate
33 469
62 500
-
-
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.

6 359
11 875
-
-
total
6 359
11 875
-
-
Dividends
27 110
50 625
-
-
withholding
2 033
6 796
-
-
total
2 033
6 796
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 540
18 671
24 829
19 023
After tax
43 960
43 829
37 671
43 477
Living cost
18 883
18 883
18 883
18 883
Free-cash
25 077
24 946
18 788
24 594

Estimated living cost  is ₴18883 per week

₴12954
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.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20776
-₴7138
₴30625
₴3192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
16 108
pensions
-
-
-
2 131
total
-
-
-
19 675
Employee
19 191
-
54 608
-
income
2 633
-
11 473
-
pensions
2 161
-
3 907
-
health
2 197
-
6 252
-
total
6 991
-
21 632
-
Employer
19 191
-
54 608
-
unemployment
470
-
1 338
-
accident
320
-
912
-
pensions
3 120
-
5 642
-
total
3 910
-
7 892
-
Corporate
39 398
62 500
-
-
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.

35 458
56 250
-
-
total
35 458
56 250
-
-
Dividends
3 940
6 250
-
-
withholding
749
1 188
-
-
total
749
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
47 108
57 438
29 524
19 675
After tax
15 392
5 062
32 976
42 825
Living cost
12 200
12 200
12 200
12 200
Free-cash
3 192
-7 138
20 776
30 625

Estimated living cost  is ₴12200 per week

₴8954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
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.
₴2290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34493
₴45700
₴28528
₴43312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
62 500
income
-
-
-
9 890
health insurance
-
-
-
4 625
work injury
-
-
-
313
pensions
-
-
-
11 500
unemployment
-
-
-
750
total
-
-
-
27 078
Employee

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

11 030
-
62 500
-
income
1 103
-
9 890
-
work injury
55
-
204
-
health insurance
816
-
3 020
-
pensions
2 030
-
7 509
-
unemployment
132
-
490
-
total
4 136
-
21 113
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 470
62 500
-
-
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%.

515
625
-
-
total
515
625
-
-
Dividends
50 955
61 875
-
-
withholding
7 643
9 281
-
-
total
7 643
9 281
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 294
9 906
21 113
27 078
After tax
50 206
52 594
41 387
35 422
Living cost
6 894
6 894
6 894
6 894
Free-cash
43 312
45 700
34 493
28 528

Estimated living cost  is ₴6894 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7360
₴12557
₴10218
₴10232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
16 075
national
-
-
-
14 072
regional
-
-
-
1 353
municipal
-
-
-
418
total
-
-
-
31 918
Employee
43 076
-
62 500
-
social contributions
14 525
-
21 075
-
municipal
257
-
373
-
national
7 279
-
12 171
-
regional
650
-
1 157
-
total
22 711
-
34 776
-
Employer
43 076
-
62 500
-
total
-
-
-
-
Corporate
19 424
62 500
-
-
nationa
4 662
15 000
-
-
municipal
936
3 012
-
-
total
5 598
18 012
-
-
Dividends
13 826
44 488
-
-
withholding
3 595
11 567
-
-
total
3 595
11 567
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 904
29 579
34 776
31 918
After tax
30 596
32 921
27 724
30 582
Living cost
20 364
20 364
20 364
20 364
Free-cash
10 232
12 557
7 360
10 218

Estimated living cost  is ₴20364 per week

₴14305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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