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
₴20399
₴16524
₴22016
₴26607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
6 208
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.

-
-
-
3 392
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.

-
-
-
910
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.

-
-
-
16 551
total
-
-
-
27 061
Employee

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

18 992
-
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.

29
-
910
-
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.

531
-
16 551
-
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.

3 392
-
3 392
-
total
3 952
-
20 853
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 508
62 500
-
-
trade
6 853
9 843
-
-
income
6 526
9 375
-
-
chamber of commerce
138
165
-
-
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.

359
515
-
-
total
13 876
19 898
-
-
Dividends
29 632
42 601
-
-
withholding
7 219
10 462
-
-
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.

397
576
-
-
total
7 616
11 038
-
-
Income
62 500
62 500
62 500
62 500
Total tax
25 444
30 936
20 853
27 061
After tax
37 056
31 564
41 647
35 439
Living cost
15 040
15 040
15 040
15 040
Free-cash
22 016
16 524
26 607
20 399

Estimated living cost  is ₴15040 per week

₴9461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11092
₴12699
₴12262
₴11583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6 642
pensions
-
-
-
7 500
social contributions
-
-
-
672
national
-
-
-
10 293
total
-
-
-
25 107
Employee
40 772
-
54 031
-
municipal
5 036
-
6 884
-
national
7 804
-
10 668
-
pensions
1 631
-
2 161
-
total
14 471
-
19 713
-
Employer
40 772
-
54 031
-
pensions
3 262
-
4 322
-
social contributions
438
-
581
-
total
3 700
-
4 903
-
Corporate
15 337
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%.

3 067
12 500
-
-
total
3 067
12 500
-
-
Dividends
12 269
50 000
-
-
withholding
2 699
11 000
-
-
total
2 699
11 000
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 937
23 500
24 616
25 107
After tax
38 563
39 000
37 884
37 393
Living cost
26 301
26 301
26 301
26 301
Free-cash
12 262
12 699
11 583
11 092

Estimated living cost  is ₴26301 per week

₴17877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴394
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7774
₴39669
₴35596
₴24752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
15 937
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.

-
-
-
19 025
income
-
-
-
9 433
microenterprise
-
-
-
-
total
-
-
-
44 395
Employee
14 510
-
50 367
-
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.

1 596
-
5 540
-
surtax
-
-
-
-
income
2 583
-
9 744
-
total
4 179
-
15 284
-
Employer
14 510
-
50 367
-
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.

3 495
-
12 133
-
total
3 495
-
12 133
-
Corporate
44 495
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%.

8 899
12 500
-
-
total
8 899
12 500
-
-
Dividends

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

35 596
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
16 573
12 500
27 417
44 395
After tax
45 927
50 000
35 083
18 105
Living cost
10 331
10 331
10 331
10 331
Free-cash
35 596
39 669
24 752
7 774

Estimated living cost  is ₴10331 per week

₴6591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴984
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.
₴2522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15160
₴9768
₴6726
₴13588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 818
health
-
-
-
6 123
income
-
-
-
14 597
total
-
-
-
26 538
Employee
42 404
42 404
53 272
-
pensions
7 633
5 818
5 818
-
income

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

6 941
6 941
6 941
-
health
6 509
5 536
6 123
-
total
21 083
18 295
18 882
-
Employer
42 404
42 404
53 272
-
pensions
2 951
2 951
3 668
-
unemployment
1 527
1 527
1 897
-
health
2 948
2 948
3 663
-
total
7 426
7 426
9 228
-
Corporate
13 190
12 670
-
-
income
2 638
2 534
-
-
total
2 638
2 534
-
-
Dividends
10 552
10 136
-
-
withholding
1 583
1 521
-
-
income
2 242
2 154
-
-
total
3 825
3 675
-
-
Income
62 500
62 500
62 500
62 500
Total tax
34 972
31 930
28 110
26 538
After tax
27 528
30 570
34 390
35 962
Living cost
20 802
20 802
20 802
20 802
Free-cash
6 726
9 768
13 588
15 160

Estimated living cost  is ₴20802 per week

₴14742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1875
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12853
₴13668
₴13209
₴12302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14 764
pensions
-
-
-
4 847
health
-
-
-
2 798
other
-
-
-
5 210
unemployment
-
-
-
45
accident
-
-
-
90
national
-
-
-
1 436
total
-
-
-
29 190
Employee
29 149
-
48 413
-
municipal
8 692
-
14 437
-
national
-
-
1 216
-
total
8 692
-
15 653
-
Employer
29 149
-
48 413
-
pensions
3 151
-
4 847
-
other
3 387
-
5 210
-
unemployment
770
-
1 184
-
accident
58
-
90
-
health
1 793
-
2 757
-
total
9 159
-
14 088
-
Corporate
24 193
62 500
-
-
income
5 322
13 750
-
-
total
5 322
13 750
-
-
Dividends
18 870
48 750
-
-
withholding
5 661
14 625
-
-
total
5 661
14 625
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 834
28 375
29 741
29 190
After tax
33 666
34 125
32 759
33 310
Living cost
20 457
20 457
20 457
20 457
Free-cash
13 209
13 668
12 302
12 853

Estimated living cost  is ₴20457 per week

₴13558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15657
₴11736
₴18713
₴22140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
6 483
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.

-
-
-
3 392
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.

-
-
-
910
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.

-
-
-
16 551
total
-
-
-
27 336
Employee

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

25 182
-
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.

119
-
910
-
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.

2 164
-
16 551
-
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.

3 392
-
3 392
-
total
5 675
-
20 853
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 318
62 500
-
-
trade
6 139
10 282
-
-
income
5 597
9 375
-
-
chamber of commerce
128
164
-
-
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.

308
515
-
-
total
12 172
20 336
-
-
Dividends
25 146
42 164
-
-
withholding
6 098
10 352
-
-
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.

335
569
-
-
total
6 433
10 921
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 280
31 257
20 853
27 336
After tax
38 220
31 243
41 647
35 164
Living cost
19 507
19 507
19 507
19 507
Free-cash
18 713
11 736
22 140
15 657

Estimated living cost  is ₴19507 per week

₴13046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
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.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27680
₴29568
₴27510
₴27016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 593
social contributions
-
-
-
8 034
income
-
-
-
9 087
total
-
-
-
18 714
Employee
38 183
38 183
57 168
-
social contributions
1 855
3 169
4 274
-
income
4 010
3 535
8 801
-
health
380
649
972
-
total
6 245
7 353
14 047
-
Employer
38 183
38 183
57 168
-
social contributions
1 855
3 169
4 274
-
health
414
707
1 057
-
total
2 269
3 876
5 331
-
Corporate
37 880
20 441
-
-
income
4 735
2 556
-
-
total
4 735
2 556
-
-
Dividends
33 145
17 886
-
-
withholding
5 635
3 041
-
-
total
5 635
3 041
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 884
16 826
19 378
18 714
After tax
43 616
45 674
43 122
43 786
Living cost
16 106
16 106
16 106
16 106
Free-cash
27 510
29 568
27 016
27 680

Estimated living cost  is ₴16106 per week

₴11010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34149
₴26017
₴26208
₴27084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 250
health
-
-
-
4 375
unemployment
-
-
-
938
income
-
-
-
7 641
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.

13 204
5 255
52 301
-
pensions
1 320
525
5 230
-
unemployment
198
79
785
-
income
1 614
642
6 394
-
health
924
368
3 661
-
total
4 056
1 614
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.

13 204
5 255
52 301
-
pensions
2 575
1 025
10 199
-
total
2 575
1 025
10 199
-
Corporate
46 721
56 220
-
-
income
4 205
5 060
-
-
total
4 205
5 060
-
-
Dividends
42 517
51 161
-
-
withholding
8 078
9 721
-
-
social contributions
8 231
9 916
-
-
total
16 309
19 637
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 145
27 336
26 269
19 204
After tax
35 355
35 164
36 231
43 296
Living cost
9 147
9 147
9 147
9 147
Free-cash
26 208
26 017
27 084
34 149

Estimated living cost  is ₴9147 per week

₴6242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21506
₴38006
₴34920
₴24031
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 500
health
-
-
-
8 125
income
-
-
-
8 375
total
-
-
-
29 000
Employee
14 087
-
46 711
-
pensions
282
-
934
-
unemployment
225
-
747
-
income
1 586
-
9 006
-
total
2 093
-
10 687
-
Employer
14 087
-
46 711
-
pensions
2 818
-
9 342
-
unemployment
113
-
374
-
health
1 831
-
6 072
-
total
4 762
-
15 788
-
Corporate
43 652
62 500
-
-
income
8 731
12 500
-
-
total
8 731
12 500
-
-
Dividends
34 921
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
15 586
12 500
26 475
29 000
After tax
46 914
50 000
36 025
33 500
Living cost
11 994
11 994
11 994
11 994
Free-cash
34 920
38 006
24 031
21 506

Estimated living cost  is ₴11994 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
₴31710
-₴6049
₴3359
₴21909
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
16 162
total
-
-
-
19 679
Employee
17 479
-
54 683
-
pensions
1 968
-
3 853
-
income
2 398
-
11 549
-
health
2 001
-
6 261
-
total
6 367
-
21 663
-
Employer
17 479
-
54 683
-
pensions
2 842
-
5 564
-
unemployment
428
-
1 340
-
accident
292
-
913
-
total
3 562
-
7 817
-
Corporate
41 459
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.

37 313
56 250
-
-
total
37 313
56 250
-
-
Dividends
4 146
6 250
-
-
withholding
788
1 188
-
-
total
788
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 030
57 438
29 480
19 679
After tax
14 470
5 062
33 020
42 821
Living cost
11 111
11 111
11 111
11 111
Free-cash
3 359
-6 049
21 909
31 710

Estimated living cost  is ₴11111 per week

₴8144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57824
₴55324
₴54565
₴45949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 063
-
62 500
-
income
1 012
-
12 500
-
total
1 012
-
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%.

57 437
62 500
-
-
total
-
-
-
-
Dividends
57 437
62 500
-
-
withholding
2 872
3 125
-
-
total
2 872
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
3 884
3 125
12 500
625
After tax
58 616
59 375
50 000
61 875
Living cost
4 051
4 051
4 051
4 051
Free-cash
54 565
55 324
45 949
57 824

Estimated living cost  is ₴4051 per week

₴2510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20206
₴32688
₴29333
₴22791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
15 001
health
-
-
-
2 750
other
-
-
-
2 968
income
-
-
-
8 344
total
-
-
-
29 063
Employee
18 030
-
49 920
-
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.

1 262
-
3 494
-
unemployment
180
-
499
-
income
3 104
-
9 206
-
health
253
-
699
-
total
4 799
-
13 898
-
Employer
18 030
-
49 920
-
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.

3 065
-
8 487
-
other
902
-
2 495
-
unemployment
180
-
499
-
accident
144
-
400
-
health
253
-
699
-
total
4 544
-
12 580
-
Corporate
39 927
62 500
-
-
income
8 385
13 125
-
-
total
8 385
13 125
-
-
Dividends
31 542
49 375
-
-
withholding
2 208
3 456
-
-
total
2 208
3 456
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 936
16 581
26 478
29 063
After tax
42 564
45 919
36 022
33 437
Living cost
13 231
13 231
13 231
13 231
Free-cash
29 333
32 688
22 791
20 206

Estimated living cost  is ₴13231 per week

₴9349
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.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10605
₴10836
₴7539
₴4819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 918
income
-
-
-
15 383
total
-
-
-
19 301
Employee
46 116
-
54 814
-
pensions
4 449
-
4 990
-
income
8 313
-
11 525
-
health
760
-
886
-
total
13 522
-
17 401
-
Employer
46 116
-
54 814
-
pensions
5 445
-
6 645
-
health
876
-
1 041
-
total
6 321
-
7 686
-
Corporate
10 063
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.

1 912
11 875
-
-
total
1 912
11 875
-
-
Dividends
8 151
50 625
-
-
withholding
612
7 195
-
-
total
612
7 195
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 367
19 070
25 087
19 301
After tax
40 133
43 430
37 413
43 199
Living cost
32 594
32 594
32 594
32 594
Free-cash
7 539
10 836
4 819
10 605

Estimated living cost  is ₴32594 per week

₴24424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴41984
₴46927
₴44619
₴44165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 567
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
9 375
total
-
-
-
14 006
Employee
8 620
-
59 097
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

757
-
1 523
-
income
862
-
5 910
-
health
397
-
798
-
total
2 111
-
8 422
-
Employer
8 620
-
59 097
-
pensions

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

950
-
1 911
-
unemployment
52
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
health
595
-
1 197
-
total
1 692
-
3 403
-
Corporate
52 188
62 500
-
-
income
5 219
6 250
-
-
total
5 219
6 250
-
-
Dividends
46 969
56 250
-
-
withholding
2 349
2 813
-
-
total
2 349
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
11 371
9 063
11 825
14 006
After tax
51 129
53 437
50 675
48 494
Living cost
6 510
6 510
6 510
6 510
Free-cash
44 619
46 927
44 165
41 984

Estimated living cost  is ₴6510 per week

₴3801
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8427
₴3035
₴4285
₴6855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 818
health
-
-
-
6 123
income
-
-
-
14 597
total
-
-
-
26 538
Employee
46 037
42 404
53 272
-
pensions
5 818
5 818
5 818
-
income

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

6 941
6 941
6 941
-
health
5 743
5 536
6 123
-
total
18 502
18 295
18 882
-
Employer
46 037
42 404
53 272
-
pensions
3 204
2 951
3 668
-
unemployment
1 658
1 527
1 897
-
health
3 199
2 948
3 663
-
total
8 061
7 426
9 228
-
Corporate
8 402
12 670
-
-
income
1 680
2 534
-
-
total
1 680
2 534
-
-
Dividends
6 722
10 136
-
-
withholding
1 008
1 521
-
-
income
1 429
2 154
-
-
total
2 437
3 675
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 680
31 930
28 110
26 538
After tax
31 820
30 570
34 390
35 962
Living cost
27 535
27 535
27 535
27 535
Free-cash
4 285
3 035
6 855
8 427

Estimated living cost  is ₴27535 per week

₴20312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18532
₴30697
₴26295
₴19382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 438
social contributions
-
-
-
17 749
solidarity contribution
-
-
-
-
income
-
-
-
5 447
total
-
-
-
31 634
Employee
18 139
-
46 642
-
social contributions
1 179
-
3 032
-
income
2 177
-
5 597
-
solidarity contribution
-
-
-
-
health
2 449
-
6 297
-
total
5 805
-
14 926
-
Employer
18 139
-
46 642
-
social contributions
4 535
-
11 660
-
health
1 633
-
4 198
-
total
6 168
-
15 858
-
Corporate
38 194
62 500
-
-
income
7 257
11 875
-
-
total
7 257
11 875
-
-
Dividends
30 937
50 625
-
-
withholding
4 641
7 594
-
-
total
4 641
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 871
19 469
30 784
31 634
After tax
38 629
43 031
31 716
30 866
Living cost
12 334
12 334
12 334
12 334
Free-cash
26 295
30 697
19 382
18 532

Estimated living cost  is ₴12334 per week

₴8568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10216
₴12393
₴9802
₴7239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
371
regional
-
-
-
712
social contributions
-
-
-
16 075
national
-
-
-
14 173
total
-
-
-
31 331
Employee
44 131
-
62 500
-
social contributions
14 881
-
21 075
-
municipal
234
-
332
-
regional
416
-
627
-
national
7 647
-
12 274
-
total
23 178
-
34 308
-
Employer
44 131
-
62 500
-
total
-
-
-
-
Corporate
18 369
62 500
-
-
nationa
4 408
15 000
-
-
municipal
716
2 438
-
-
total
5 124
17 438
-
-
Dividends
13 244
45 062
-
-
withholding
3 443
11 716
-
-
total
3 443
11 716
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 745
29 154
34 308
31 331
After tax
30 755
33 346
28 192
31 169
Living cost
20 953
20 953
20 953
20 953
Free-cash
9 802
12 393
7 239
10 216

Estimated living cost  is ₴20953 per week

₴14606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19183
₴28356
₴26810
₴18150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 500
health
-
-
-
4 437
surtax
-
-
-
1 831
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
13 479
total
-
-
-
32 360
Employee
16 421
-
51 631
-
surtax
54
-
1 668
-
pensions
1 095
-
3 444
-
other
-
-
-
-
unemployment
1 143
-
3 594
-
income
2 753
-
12 502
-
health
419
-
1 316
-
total
5 464
-
22 524
-
Employer
16 421
-
51 631
-
pensions
2 189
-
6 883
-
other
-
-
-
-
unemployment
520
-
1 637
-
health
747
-
2 349
-
total
3 456
-
10 869
-
Corporate
42 623
62 500
-
-
income
11 082
16 250
-
-
total
11 082
16 250
-
-
Dividends
31 541
46 250
-
-
withholding
4 731
6 937
-
-
total
4 731
6 937
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 733
23 187
33 393
32 360
After tax
37 767
39 313
29 107
30 140
Living cost
10 957
10 957
10 957
10 957
Free-cash
26 810
28 356
18 150
19 183

Estimated living cost  is ₴10957 per week

₴6700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1011
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.
₴2994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20931
₴21162
₴20724
₴15145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 918
income
-
-
-
15 383
total
-
-
-
19 301
Employee
30 906
-
54 814
-
pensions
2 623
-
4 990
-
income
5 566
-
11 525
-
health
449
-
886
-
total
8 638
-
17 401
-
Employer
30 906
-
54 814
-
pensions
3 346
-
6 645
-
health
587
-
1 041
-
total
3 933
-
7 686
-
Corporate
27 661
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.

5 256
11 875
-
-
total
5 256
11 875
-
-
Dividends
22 405
50 625
-
-
withholding
1 681
7 195
-
-
total
1 681
7 195
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 508
19 070
25 087
19 301
After tax
42 992
43 430
37 413
43 199
Living cost
22 268
22 268
22 268
22 268
Free-cash
20 724
21 162
15 145
20 931

Estimated living cost  is ₴22268 per week

₴16683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12067
-₴11047
₴5909
₴8965
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 438
city
-
-
-
658
pensions
-
-
-
5 750
health
-
-
-
140
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
national
-
-
-
571
total
-
-
-
10 807
Employee
46 373
-
55 940
-
regional
1 518
-
2 097
-
national
219
-
443
-
pensions
3 896
-
4 699
-
unemployment
-
-
-
-
city
498
-
600
-
health
105
-
126
-
total
6 236
-
7 965
-
Employer
46 373
-
55 940
-
pensions
3 896
-
4 699
-
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.

927
-
1 119
-
unemployment
-
-
-
-
health
105
-
126
-
total
4 928
-
5 944
-
Corporate
10 689
62 500
-
-
regional
2 260
13 219
-
-
national
909
5 313
-
-
total
3 169
18 532
-
-
Dividends
7 520
43 969
-
-
withholding
2 632
15 389
-
-
total
2 632
15 389
-
-
Income
62 500
62 500
62 500
62 500
Total tax
16 965
33 921
13 909
10 807
After tax
45 535
28 579
48 591
51 693
Living cost
39 626
39 626
39 626
39 626
Free-cash
5 909
-11 047
8 965
12 067

Estimated living cost  is ₴39626 per week

₴25768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3556
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12140
₴8173
₴16225
₴18899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
6 759
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.

-
-
-
3 392
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.

-
-
-
910
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.

-
-
-
16 551
total
-
-
-
27 612
Employee

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

29 842
-
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.

193
-
910
-
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.

3 509
-
16 551
-
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.

3 392
-
3 392
-
total
7 094
-
20 853
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 658
62 500
-
-
trade
5 601
10 719
-
-
income
4 899
9 375
-
-
chamber of commerce
122
163
-
-
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.

270
515
-
-
total
10 892
20 772
-
-
Dividends
21 766
41 728
-
-
withholding
5 252
10 243
-
-
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.

289
564
-
-
total
5 541
10 807
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 527
31 579
20 853
27 612
After tax
38 973
30 921
41 647
34 888
Living cost
22 748
22 748
22 748
22 748
Free-cash
16 225
8 173
18 899
12 140

Estimated living cost  is ₴22748 per week

₴16614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
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.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18636
₴14511
₴17445
₴20144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 524
health
-
-
-
1 864
surtax
-
-
-
-
other
-
-
-
1 937
social contributions
-
-
-
1 781
income
-
-
-
7 769
total
-
-
-
26 875
Employee
21 252
-
49 800
-
social contributions
606
-
1 419
-
surtax
-
-
-
-
pensions
2 403
-
2 859
-
income
1 254
-
8 389
-
total
4 263
-
12 667
-
Employer
21 252
-
49 800
-
pensions
3 491
-
4 922
-
social contributions
64
-
150
-
other
733
-
1 718
-
unemployment
860
-
2 017
-
health
1 488
-
3 893
-
total
6 636
-
12 700
-
Corporate
34 611
62 500
-
-
income
9 691
17 500
-
-
surtax
-
-
-
-
total
9 691
17 500
-
-
Dividends
24 920
45 000
-
-
withholding
3 190
5 760
-
-
surtax
-
-
-
-
social contributions
4 286
7 740
-
-
total
7 476
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 066
31 000
25 367
26 875
After tax
34 434
31 500
37 133
35 625
Living cost
16 989
16 989
16 989
16 989
Free-cash
17 445
14 511
20 144
18 636

Estimated living cost  is ₴16989 per week

₴10712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴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

Source of data for Nice model

Close
Marseille , France
₴20319
₴16194
₴18952
₴21827
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 524
health
-
-
-
1 864
surtax
-
-
-
-
other
-
-
-
1 937
social contributions
-
-
-
1 781
income
-
-
-
7 769
total
-
-
-
26 875
Employee
18 970
-
49 800
-
social contributions
541
-
1 419
-
surtax
-
-
-
-
pensions
2 146
-
2 859
-
income
978
-
8 389
-
total
3 665
-
12 667
-
Employer
18 970
-
49 800
-
pensions
3 117
-
4 922
-
social contributions
57
-
150
-
other
655
-
1 718
-
unemployment
768
-
2 017
-
health
1 328
-
3 893
-
total
5 925
-
12 700
-
Corporate
37 605
62 500
-
-
income
10 529
17 500
-
-
surtax
-
-
-
-
total
10 529
17 500
-
-
Dividends
27 076
45 000
-
-
withholding
3 466
5 760
-
-
surtax
-
-
-
-
social contributions
4 657
7 740
-
-
total
8 123
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 242
31 000
25 367
26 875
After tax
34 258
31 500
37 133
35 625
Living cost
15 306
15 306
15 306
15 306
Free-cash
18 952
16 194
21 827
20 319

Estimated living cost  is ₴15306 per week

₴8877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1555
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29608
₴27603
₴27859
₴29053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 363
social contributions
-
-
-
8 625
income
-
-
-
9 375
total
-
-
-
22 363
Employee
16 836
-
62 500
-
social contributions
2 324
-
8 625
-
income
2 808
-
9 930
-
health
1 175
-
4 363
-
total
6 307
-
22 918
-
Employer
16 836
-
62 500
-
total
-
-
-
-
Corporate
45 664
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%.

2 283
3 125
-
-
total
2 283
3 125
-
-
Dividends
43 380
59 375
-
-
withholding
6 507
8 906
-
-
social contributions
5 987
8 193
-
-
health
3 028
4 144
-
-
total
15 522
21 243
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 112
24 368
22 918
22 363
After tax
38 388
38 132
39 582
40 137
Living cost
10 529
10 529
10 529
10 529
Free-cash
27 859
27 603
29 053
29 608

Estimated living cost  is ₴10529 per week

₴7047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴649
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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴13777
₴17322
₴16556
-₴187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 732
health
-
-
-
4 437
surtax
-
-
-
98
unemployment
-
-
-
3 046
income
-
-
-
12 663
chamber of commerce
-
-
-
250
total
-
-
-
31 226
Employee
24 816
19 789
48 456
-
pensions
2 541
2 026
4 962
-
other
248
198
484
-
unemployment
744
594
1 454
-
income
2 825
1 460
10 729
-
health
960
766
1 875
-
total
7 318
5 044
19 504
-
Employer
24 816
19 789
48 456
-
payroll
744
594
1 454
-
chamber of commerce
99
79
194
-
pensions
3 114
2 484
6 081
-
surtax
98
98
98
-
other
1 179
939
2 301
-
unemployment
744
594
1 454
-
accident
322
257
629
-
health
938
748
1 832
-
total
7 238
5 793
14 043
-
Corporate
30 445
36 918
46 572
-
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.

7 611
9 229
11 643
-
total
7 611
9 229
11 643
-
Dividends
22 834
27 689
-
-
withholding
6 280
7 615
-
-
total
6 280
7 615
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 447
27 681
45 190
31 226
After tax
34 053
34 819
17 310
31 274
Living cost
17 497
17 497
17 497
17 497
Free-cash
16 556
17 322
-187
13 777

Estimated living cost  is ₴17497 per week

₴11670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9903
₴16901
₴9454
₴5294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 940
communal

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

-
-
-
3 154
national
-
-
-
21 398
total
-
-
-
34 492
Employee

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

35 519
-
48 408
-
national
10 920
-
16 158
-
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.

2 664
-
3 631
-
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.

309
-
421
-
communal

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

1 853
-
2 524
-
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.

1 669
-
2 276
-
total
17 415
-
25 010
-
Employer

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

35 519
-
48 408
-
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.

3 147
-
4 288
-
surtax
4 027
-
5 490
-
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.

518
-
707
-
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.

462
-
629
-
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.

2 184
-
2 977
-
total
10 338
-
14 091
-
Corporate
16 642
62 500
-
-
income
3 328
12 500
-
-
surtax
67
250
-
-
total
3 395
12 750
-
-
Dividends
13 246
49 750
-
-
withholding

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

3 793
14 744
-
-
total
3 793
14 744
-
-
Income
62 500
62 500
62 500
62 500
Total tax
34 941
27 494
39 101
34 492
After tax
27 559
35 006
23 399
28 008
Living cost
18 105
18 105
18 105
18 105
Free-cash
9 454
16 901
5 294
9 903

Estimated living cost  is ₴18105 per week

₴11662
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
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.
₴4577
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16793
₴24028
₴20192
₴14408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 025
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
415
income
-
-
-
13 966
total
-
-
-
27 774
Employee
24 718
-
47 827
-
pensions
1 162
-
2 164
-
other
25
-
46
-
unemployment
384
-
713
-
income
5 215
-
12 564
-
total
6 786
-
15 487
-
Employer
24 718
-
47 827
-
pensions
5 833
-
10 862
-
other
197
-
368
-
unemployment
1 360
-
2 531
-
accident
489
-
911
-
total
7 879
-
14 672
-
Corporate
29 904
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.

4 485
9 375
-
-
total
4 485
9 375
-
-
Dividends
25 418
53 125
-
-
withholding
5 225
11 164
-
-
total
5 225
11 164
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 375
20 539
30 159
27 774
After tax
38 125
41 961
32 341
34 726
Living cost
17 933
17 933
17 933
17 933
Free-cash
20 192
24 028
14 408
16 793

Estimated living cost  is ₴17933 per week

₴13206
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6712
₴10722
₴5895
₴9202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 368
health
-
-
-
4 391
surtax
-
-
-
3 098
accident
-
-
-
527
communal
-
-
-
3 950
income
-
-
-
7 469
total
-
-
-
28 803
Employee
37 604
-
55 828
-
surtax
2 305
-
3 422
-
pensions
3 008
-
4 467
-
income
3 632
-
9 268
-
health
1 674
-
2 484
-
total
10 619
-
19 641
-
Employer
37 604
-
55 828
-
pensions
3 008
-
4 467
-
accident
338
-
502
-
health
1 147
-
1 703
-
total
4 493
-
6 672
-
Corporate
20 403
62 500
-
-
communal
1 377
4 219
-
-
income
3 061
9 375
-
-
surtax
214
656
-
-
total
4 652
14 250
-
-
Dividends
15 752
48 250
-
-
withholding
2 362
7 238
-
-
income
7 494
3 305
-
-
total
9 856
10 543
-
-
Income
62 500
62 500
62 500
62 500
Total tax
29 620
24 793
26 313
28 803
After tax
32 880
37 707
36 187
33 697
Living cost
26 985
26 985
26 985
26 985
Free-cash
5 895
10 722
9 202
6 712

Estimated living cost  is ₴26985 per week

₴20243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
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.
₴4821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18987
₴28160
₴26580
₴17954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 500
health
-
-
-
4 437
surtax
-
-
-
1 831
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
13 479
total
-
-
-
32 360
Employee
16 722
-
51 631
-
surtax
59
-
1 668
-
pensions
1 116
-
3 444
-
other
-
-
-
-
unemployment
1 164
-
3 594
-
income
2 803
-
12 502
-
health
427
-
1 316
-
total
5 569
-
22 524
-
Employer
16 722
-
51 631
-
pensions
2 230
-
6 883
-
other
-
-
-
-
unemployment
531
-
1 637
-
health
760
-
2 349
-
total
3 521
-
10 869
-
Corporate
42 257
62 500
-
-
income
10 986
16 250
-
-
total
10 986
16 250
-
-
Dividends
31 271
46 250
-
-
withholding
4 691
6 937
-
-
total
4 691
6 937
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 767
23 187
33 393
32 360
After tax
37 733
39 313
29 107
30 140
Living cost
11 153
11 153
11 153
11 153
Free-cash
26 580
28 160
17 954
18 987

Estimated living cost  is ₴11153 per week

₴6734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17562
₴19476
₴18373
₴14602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
371
regional
-
-
-
943
social contributions
-
-
-
16 075
national
-
-
-
14 173
total
-
-
-
31 562
Employee
27 545
-
62 500
-
social contributions
9 288
-
21 075
-
municipal
146
-
332
-
regional
371
-
841
-
national
4 364
-
12 274
-
total
14 169
-
34 522
-
Employer
27 545
-
62 500
-
total
-
-
-
-
Corporate
34 955
62 500
-
-
nationa
8 389
15 000
-
-
municipal
1 738
3 106
-
-
total
10 127
18 106
-
-
Dividends
24 828
44 394
-
-
withholding
6 455
11 542
-
-
total
6 455
11 542
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 751
29 648
34 522
31 562
After tax
31 749
32 852
27 978
30 938
Living cost
13 376
13 376
13 376
13 376
Free-cash
18 373
19 476
14 602
17 562

Estimated living cost  is ₴13376 per week

₴8319
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15667
₴27832
₴22409
₴16517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 438
social contributions
-
-
-
17 749
solidarity contribution
-
-
-
-
income
-
-
-
5 447
total
-
-
-
31 634
Employee
22 352
-
46 642
-
social contributions
1 453
-
3 032
-
income
2 682
-
5 597
-
solidarity contribution
-
-
-
-
health
3 018
-
6 297
-
total
7 153
-
14 926
-
Employer
22 352
-
46 642
-
social contributions
5 588
-
11 660
-
health
2 012
-
4 198
-
total
7 600
-
15 858
-
Corporate
32 548
62 500
-
-
income
6 184
11 875
-
-
total
6 184
11 875
-
-
Dividends
26 364
50 625
-
-
withholding
3 955
7 594
-
-
total
3 955
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 892
19 469
30 784
31 634
After tax
37 608
43 031
31 716
30 866
Living cost
15 199
15 199
15 199
15 199
Free-cash
22 409
27 832
16 517
15 667

Estimated living cost  is ₴15199 per week

₴11303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴15530
₴19030
₴18784
₴1484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 732
health
-
-
-
4 437
surtax
-
-
-
-
unemployment
-
-
-
3 046
income
-
-
-
12 663
chamber of commerce
-
-
-
250
total
-
-
-
31 128
Employee
21 706
19 789
48 531
-
pensions
2 223
2 026
4 970
-
other
217
198
485
-
unemployment
651
594
1 456
-
income
1 934
1 460
10 755
-
health
840
766
1 878
-
total
5 865
5 044
19 544
-
Employer
21 706
19 789
48 531
-
payroll
651
594
1 456
-
chamber of commerce
87
79
194
-
pensions
2 724
2 484
6 090
-
surtax
-
-
-
-
other
1 031
939
2 306
-
unemployment
651
594
1 456
-
accident
282
257
631
-
health
821
748
1 835
-
total
6 247
5 695
13 968
-
Corporate
34 547
37 016
46 647
-
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.

8 637
9 254
11 662
-
total
8 637
9 254
11 662
-
Dividends
25 910
27 762
-
-
withholding
7 125
7 635
-
-
total
7 125
7 635
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 874
27 628
45 174
31 128
After tax
34 626
34 872
17 326
31 372
Living cost
15 842
15 842
15 842
15 842
Free-cash
18 784
19 030
1 484
15 530

Estimated living cost  is ₴15842 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4438
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55563
₴53063
₴51880
₴43688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 890
-
62 500
-
income
1 578
-
12 500
-
total
1 578
-
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%.

54 610
62 500
-
-
total
-
-
-
-
Dividends
54 610
62 500
-
-
withholding
2 730
3 125
-
-
total
2 730
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
4 308
3 125
12 500
625
After tax
58 192
59 375
50 000
61 875
Living cost
6 312
6 312
6 312
6 312
Free-cash
51 880
53 063
43 688
55 563

Estimated living cost  is ₴6312 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18454
₴29712
₴25559
₴16663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 414
health
-
-
-
6 150
unemployment
-
-
-
93
income
-
-
-
13 070
total
-
-
-
30 727
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.

21 958
-
54 080
-
pensions
3 404
-
8 383
-
unemployment
31
-
75
-
income
3 787
-
12 147
-
health
1 418
-
3 493
-
total
8 640
-
24 098
-
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.

21 958
-
54 080
-
pensions
1 943
-
4 786
-
unemployment
13
-
32
-
health
1 462
-
3 602
-
total
3 418
-
8 420
-
Corporate
37 123
62 500
-
-
income
7 053
11 875
-
-
total
7 053
11 875
-
-
Dividends
30 070
50 625
-
-
withholding
4 511
7 594
-
-
total
4 511
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 622
19 469
32 518
30 727
After tax
38 878
43 031
29 982
31 773
Living cost
13 319
13 319
13 319
13 319
Free-cash
25 559
29 712
16 663
18 454

Estimated living cost  is ₴13319 per week

₴9140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21538
₴16370
-₴12331
₴34242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 182
total
-
-
-
19 307
Employee
31 050
-
-
-
social contributions
2 546
-
363
-
income
6 849
-
-
-
total
9 395
-
363
-
Employer
31 050
-
-
-
social contributions
43 781
-
6 240
-
total
43 781
-
6 240
-
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
53 176
24 475
6 603
19 307
After tax
9 324
38 025
55 897
43 193
Living cost
21 655
21 655
21 655
21 655
Free-cash
-12 331
16 370
34 242
21 538

Estimated living cost  is ₴21655 per week

₴14051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18731
₴19974
₴19475
₴14759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
21 719
income
-
-
-
6 474
total
-
-
-
28 193
Employee
22 838
-
50 505
-
social contributions
2 512
-
5 556
-
surtax
-
-
-
-
income
4 750
-
14 614
-
total
7 262
-
20 170
-
Employer
22 838
-
50 505
-
social contributions
5 424
-
11 995
-
total
5 424
-
11 995
-
Corporate
34 238
62 500
-
-
income
7 190
13 125
-
-
surtax
-
-
-
-
total
7 190
13 125
-
-
Dividends
27 048
49 375
-
-
withholding
7 573
13 825
-
-
total
7 573
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 449
26 950
32 165
28 193
After tax
35 051
35 550
30 335
34 307
Living cost
15 576
15 576
15 576
15 576
Free-cash
19 475
19 974
14 759
18 731

Estimated living cost  is ₴15576 per week

₴11654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
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.
₴2743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11642
₴7517
₴10929
₴13150
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 524
health
-
-
-
1 864
surtax
-
-
-
-
other
-
-
-
1 937
social contributions
-
-
-
1 781
income
-
-
-
7 769
total
-
-
-
26 875
Employee
31 101
-
49 800
-
social contributions
886
-
1 419
-
surtax
-
-
-
-
pensions
3 518
-
2 859
-
income
2 714
-
8 389
-
total
7 118
-
12 667
-
Employer
31 101
-
49 800
-
pensions
5 110
-
4 922
-
social contributions
93
-
150
-
other
1 073
-
1 718
-
unemployment
1 260
-
2 017
-
health
2 177
-
3 893
-
total
9 713
-
12 700
-
Corporate
21 686
62 500
-
-
income
6 072
17 500
-
-
surtax
-
-
-
-
total
6 072
17 500
-
-
Dividends
15 614
45 000
-
-
withholding
1 999
5 760
-
-
surtax
-
-
-
-
social contributions
2 686
7 740
-
-
total
4 685
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 588
31 000
25 367
26 875
After tax
34 912
31 500
37 133
35 625
Living cost
23 983
23 983
23 983
23 983
Free-cash
10 929
7 517
13 150
11 642

Estimated living cost  is ₴23983 per week

₴16231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1962
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5461
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31965
₴41324
₴39656
₴33624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 750
income
-
-
-
1 859
total
-
-
-
15 609
Employee
15 964
-
54 112
-
social contributions
1 037
-
3 518
-
income
-
-
2 044
-
total
1 037
-
5 562
-
Employer
15 964
-
54 112
-
social contributions
2 475
-
8 388
-
total
2 475
-
8 388
-
Corporate
44 062
62 500
-
-
income
4 406
6 250
-
-
total
4 406
6 250
-
-
Dividends
39 655
56 250
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
7 918
6 250
13 950
15 609
After tax
54 582
56 250
48 550
46 891
Living cost
14 926
14 926
14 926
14 926
Free-cash
39 656
41 324
33 624
31 965

Estimated living cost  is ₴14926 per week

₴9651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14110
-₴45570
-₴45570
-₴45570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12 281
pensions
-
-
-
430
labour market
-
-
-
4 966
national
-
-
-
6 825
total
-
-
-
24 502
Employee
100 825
100 825
100 825
-
municipal
21 470
21 470
21 470
-
national
12 318
12 318
12 318
-
pensions
143
143
143
-
labour market
8 055
8 055
8 055
-
total
41 986
41 986
41 986
-
Employer
100 825
100 825
100 825
-
labour market
8 066
8 066
8 066
-
pensions
287
287
287
-
municipal
21 504
21 504
21 504
-
national
12 339
12 339
12 339
-
total
42 196
42 196
42 196
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
84 182
84 182
84 182
24 502
After tax
-21 682
-21 682
-21 682
37 998
Living cost
23 888
23 888
23 888
23 888
Free-cash
-45 570
-45 570
-45 570
14 110

Estimated living cost  is ₴23888 per week

₴16349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31874
-₴5885
₴3383
₴22073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
16 162
total
-
-
-
19 679
Employee
17 221
-
54 683
-
pensions
1 939
-
3 853
-
income
2 363
-
11 549
-
health
1 972
-
6 261
-
total
6 274
-
21 663
-
Employer
17 221
-
54 683
-
pensions
2 800
-
5 564
-
unemployment
422
-
1 340
-
accident
288
-
913
-
total
3 510
-
7 817
-
Corporate
41 769
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.

37 592
56 250
-
-
total
37 592
56 250
-
-
Dividends
4 177
6 250
-
-
withholding
794
1 188
-
-
total
794
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 170
57 438
29 480
19 679
After tax
14 330
5 062
33 020
42 821
Living cost
10 947
10 947
10 947
10 947
Free-cash
3 383
-5 885
22 073
31 874

Estimated living cost  is ₴10947 per week

₴7968
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.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23880
₴21511
₴21623
₴15308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
municipal
-
-
-
11 114
health
-
-
-
755
national
-
-
-
7 687
total
-
-
-
19 556
Employee
26 125
-
52 577
-
municipal
4 279
-
8 575
-
national
432
-
4 690
-
pensions
1 763
-
3 549
-
unemployment
392
-
789
-
health
195
-
602
-
total
7 061
-
18 205
-
Employer
26 125
-
52 577
-
pensions
4 533
-
9 123
-
unemployment
170
-
342
-
accident
26
-
53
-
health
201
-
405
-
total
4 930
-
9 923
-
Corporate
31 446
62 500
-
-
income
6 289
12 500
-
-
total
6 289
12 500
-
-
Dividends

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

18 867
37 500
-
-
municipal
3 396
6 750
-
-
national
137
2 675
-
-
total
3 533
9 425
-
-
Income
62 500
62 500
62 500
62 500
Total tax
21 813
21 925
28 128
19 556
After tax
40 687
40 575
34 372
42 944
Living cost
19 064
19 064
19 064
19 064
Free-cash
21 623
21 511
15 308
23 880

Estimated living cost  is ₴19064 per week

₴12453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32289
₴34177
₴31476
₴31625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 593
social contributions
-
-
-
8 034
income
-
-
-
9 087
total
-
-
-
18 714
Employee
38 183
38 183
57 168
-
social contributions
1 444
3 169
4 274
-
income
4 158
3 535
8 801
-
health
296
649
972
-
total
5 898
7 353
14 047
-
Employer
38 183
38 183
57 168
-
social contributions
1 444
3 169
4 274
-
health
321
707
1 057
-
total
1 765
3 876
5 331
-
Corporate
43 341
20 441
-
-
income
5 417
2 556
-
-
total
5 417
2 556
-
-
Dividends
37 924
17 886
-
-
withholding
6 447
3 041
-
-
total
6 447
3 041
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 527
16 826
19 378
18 714
After tax
42 973
45 674
43 122
43 786
Living cost
11 497
11 497
11 497
11 497
Free-cash
31 476
34 177
31 625
32 289

Estimated living cost  is ₴11497 per week

₴6890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43494
₴43872
₴41345
₴33533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 159
health
-
-
-
1 797
unemployment
-
-
-
14
income
-
-
-
6 152
total
-
-
-
11 122
Employee

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

11 398
-
57 647
-
pensions
1 709
-
7 067
-
unemployment
57
-
236
-
income
779
-
4 922
-
health
969
-
4 005
-
total
3 514
-
16 230
-
Employer

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

11 398
-
57 647
-
pensions
627
-
2 591
-
unemployment
57
-
236
-
health
490
-
2 026
-
total
1 174
-
4 853
-
Corporate
49 929
62 500
-
-
income
4 494
5 625
-
-
total
4 494
5 625
-
-
Dividends
45 435
56 875
-
-
withholding
4 089
5 119
-
-
total
4 089
5 119
-
-
Income
62 500
62 500
62 500
62 500
Total tax
13 271
10 744
21 083
11 122
After tax
49 229
51 756
41 417
51 378
Living cost
7 884
7 884
7 884
7 884
Free-cash
41 345
43 872
33 533
43 494

Estimated living cost  is ₴7884 per week

₴5030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴568
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.
₴2050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21071
₴28306
₴25822
₴18686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 025
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
415
income
-
-
-
13 966
total
-
-
-
27 774
Employee
18 361
-
47 827
-
pensions
863
-
2 164
-
other
18
-
46
-
unemployment
285
-
713
-
income
3 540
-
12 564
-
total
4 706
-
15 487
-
Employer
18 361
-
47 827
-
pensions
4 333
-
10 862
-
other
147
-
368
-
unemployment
1 010
-
2 531
-
accident
364
-
911
-
total
5 854
-
14 672
-
Corporate
38 286
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.

5 742
9 375
-
-
total
5 742
9 375
-
-
Dividends
32 543
53 125
-
-
withholding
6 721
11 164
-
-
total
6 721
11 164
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 023
20 539
30 159
27 774
After tax
39 477
41 961
32 341
34 726
Living cost
13 655
13 655
13 655
13 655
Free-cash
25 822
28 306
18 686
21 071

Estimated living cost  is ₴13655 per week

₴9217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39091
₴38034
₴37875
₴39023
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
705
health
-
-
-
511
income
-
-
-
21 227
total
-
-
-
22 443
Employee
1 472
-
61 707
-
pensions
132
-
317
-
unemployment
15
-
35
-
income
285
-
21 190
-
health
74
-
176
-
total
506
-
21 718
-
Employer
1 472
-
61 707
-
pensions
162
-
388
-
unemployment
29
-
70
-
health
140
-
335
-
total
331
-
793
-
Corporate
60 697
62 500
-
-
income
13 353
13 750
-
-
total
13 353
13 750
-
-
Dividends
47 344
48 750
-
-
withholding
9 469
9 750
-
-
total
9 469
9 750
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 659
23 500
22 511
22 443
After tax
38 841
39 000
39 989
40 057
Living cost
966
966
966
966
Free-cash
37 875
38 034
39 023
39 091

Estimated living cost  is ₴966 per week

₴574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26498
₴36572
₴34130
₴26498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 538
health
-
-
-
3 778
unemployment
-
-
-
550
income
-
-
-
13 552
total
-
-
-
27 418
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.

12 945
-
55 934
-
pensions
1 812
-
5 136
-
unemployment
97
-
275
-
income
1 784
-
13 552
-
health
667
-
1 889
-
total
4 360
-
20 852
-
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.

12 945
-
55 934
-
pensions
1 553
-
4 402
-
unemployment
97
-
275
-
health
667
-
1 889
-
total
2 317
-
6 566
-
Corporate
47 238
62 500
-
-
income
7 086
9 375
-
-
total
7 086
9 375
-
-
Dividends
40 152
53 125
-
-
withholding
6 023
7 969
-
-
total
6 023
7 969
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 786
17 344
27 418
27 418
After tax
42 714
45 156
35 082
35 082
Living cost
8 584
8 584
8 584
8 584
Free-cash
34 130
36 572
26 498
26 498

Estimated living cost  is ₴8584 per week

₴5780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
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.
₴1892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20920
₴22163
₴21984
₴16948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
21 719
income
-
-
-
6 474
total
-
-
-
28 193
Employee
19 273
-
50 505
-
social contributions
2 120
-
5 556
-
surtax
-
-
-
-
income
3 766
-
14 614
-
total
5 886
-
20 170
-
Employer
19 273
-
50 505
-
social contributions
4 577
-
11 995
-
total
4 577
-
11 995
-
Corporate
38 651
62 500
-
-
income
8 116
13 125
-
-
surtax
-
-
-
-
total
8 116
13 125
-
-
Dividends
30 534
49 375
-
-
withholding
8 550
13 825
-
-
total
8 550
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 129
26 950
32 165
28 193
After tax
35 371
35 550
30 335
34 307
Living cost
13 387
13 387
13 387
13 387
Free-cash
21 984
22 163
16 948
20 920

Estimated living cost  is ₴13387 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17275
₴24510
₴20843
₴14890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 025
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
415
income
-
-
-
13 966
total
-
-
-
27 774
Employee
23 982
-
47 827
-
pensions
1 127
-
2 164
-
other
24
-
46
-
unemployment
371
-
713
-
income
5 009
-
12 564
-
total
6 531
-
15 487
-
Employer
23 982
-
47 827
-
pensions
5 660
-
10 862
-
other
192
-
368
-
unemployment
1 319
-
2 531
-
accident
475
-
911
-
total
7 646
-
14 672
-
Corporate
30 872
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.

4 631
9 375
-
-
total
4 631
9 375
-
-
Dividends
26 242
53 125
-
-
withholding
5 398
11 164
-
-
total
5 398
11 164
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 206
20 539
30 159
27 774
After tax
38 294
41 961
32 341
34 726
Living cost
17 451
17 451
17 451
17 451
Free-cash
20 843
24 510
14 890
17 275

Estimated living cost  is ₴17451 per week

₴12533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
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.
₴3316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39952
₴44895
₴41871
₴42133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 567
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
9 375
total
-
-
-
14 006
Employee
11 310
-
59 097
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
pensions

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

993
-
1 523
-
income
1 131
-
5 910
-
health
520
-
798
-
total
2 768
-
8 422
-
Employer
11 310
-
59 097
-
pensions

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

1 246
-
1 911
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
health
780
-
1 197
-
total
2 218
-
3 403
-
Corporate
48 970
62 500
-
-
income
4 897
6 250
-
-
total
4 897
6 250
-
-
Dividends
44 074
56 250
-
-
withholding
2 204
2 813
-
-
total
2 204
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 087
9 063
11 825
14 006
After tax
50 413
53 437
50 675
48 494
Living cost
8 542
8 542
8 542
8 542
Free-cash
41 871
44 895
42 133
39 952

Estimated living cost  is ₴8542 per week

₴5649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16820
₴13037
₴19531
₴22476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
5 656
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.

-
-
-
3 392
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.

-
-
-
910
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.

-
-
-
16 551
total
-
-
-
26 509
Employee

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

24 707
-
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.

112
-
910
-
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.

2 032
-
16 551
-
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.

3 392
-
3 392
-
total
5 536
-
20 853
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 793
62 500
-
-
trade
5 423
8 969
-
-
income
5 669
9 375
-
-
chamber of commerce
131
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.

312
515
-
-
total
11 535
19 026
-
-
Dividends
26 258
43 474
-
-
withholding
6 376
10 679
-
-
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.

351
587
-
-
total
6 727
11 266
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 798
30 292
20 853
26 509
After tax
38 702
32 208
41 647
35 991
Living cost
19 171
19 171
19 171
19 171
Free-cash
19 531
13 037
22 476
16 820

Estimated living cost  is ₴19171 per week

₴13224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2063
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.
₴3605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11593
₴15464
₴16560
₴11593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 829
income
-
-
-
16 792
total
-
-
-
22 621
Employee
38 842
-
62 500
-
social contributions
3 227
-
5 829
-
income
7 329
-
16 792
-
total
10 556
-
22 621
-
Employer
38 842
-
62 500
-
total
-
-
-
-
Corporate
23 658
62 500
-
-
income
2 957
7 813
-
-
total
2 957
7 813
-
-
Dividends
20 701
54 687
-
-
withholding
4 141
10 937
-
-
total
4 141
10 937
-
-
Income
62 500
62 500
62 500
62 500
Total tax
17 654
18 750
22 621
22 621
After tax
44 846
43 750
39 879
39 879
Living cost
28 286
28 286
28 286
28 286
Free-cash
16 560
15 464
11 593
11 593

Estimated living cost  is ₴28286 per week

₴21520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27294
₴19977
₴21712
₴27938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 046
income
-
-
-
14 135
total
-
-
-
17 181
Employee
22 779
-
60 216
-
social contributions
2 282
-
2 284
-
income
2 472
-
11 969
-
total
4 754
-
14 253
-
Employer
22 779
-
60 216
-
social contributions
2 282
-
2 284
-
total
2 282
-
2 284
-
Corporate
37 438
62 500
-
-
income
13 104
21 875
-
-
total
13 104
21 875
-
-
Dividends
24 335
40 625
-
-
social contributions
2 623
2 623
-
-
total
2 623
2 623
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 763
24 498
16 537
17 181
After tax
39 737
38 002
45 963
45 319
Living cost
18 025
18 025
18 025
18 025
Free-cash
21 712
19 977
27 938
27 294

Estimated living cost  is ₴18025 per week

₴11873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25096
₴25327
₴25975
₴19310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 918
income
-
-
-
15 383
total
-
-
-
19 301
Employee
24 849
-
54 814
-
pensions
1 897
-
4 990
-
income
4 525
-
11 525
-
health
324
-
886
-
total
6 746
-
17 401
-
Employer
24 849
-
54 814
-
pensions
2 511
-
6 645
-
health
472
-
1 041
-
total
2 983
-
7 686
-
Corporate
34 668
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.

6 587
11 875
-
-
total
6 587
11 875
-
-
Dividends
28 081
50 625
-
-
withholding
2 106
7 195
-
-
total
2 106
7 195
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 422
19 070
25 087
19 301
After tax
44 078
43 430
37 413
43 199
Living cost
18 103
18 103
18 103
18 103
Free-cash
25 975
25 327
19 310
25 096

Estimated living cost  is ₴18103 per week

₴12418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30790
-₴6969
₴3217
₴20989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
16 162
total
-
-
-
19 679
Employee
18 926
-
54 683
-
pensions
2 131
-
3 853
-
income
2 596
-
11 549
-
health
2 167
-
6 261
-
total
6 894
-
21 663
-
Employer
18 926
-
54 683
-
pensions
3 077
-
5 564
-
unemployment
464
-
1 340
-
accident
316
-
913
-
total
3 857
-
7 817
-
Corporate
39 717
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.

35 746
56 250
-
-
total
35 746
56 250
-
-
Dividends
3 972
6 250
-
-
withholding
755
1 188
-
-
total
755
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
47 252
57 438
29 480
19 679
After tax
15 248
5 062
33 020
42 821
Living cost
12 031
12 031
12 031
12 031
Free-cash
3 217
-6 969
20 989
30 790

Estimated living cost  is ₴12031 per week

₴8830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28688
₴45899
₴43579
₴34976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 500
health insurance
-
-
-
4 625
work injury
-
-
-
313
unemployment
-
-
-
750
income
-
-
-
9 929
total
-
-
-
27 117
Employee

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

10 712
-
62 500
-
pensions
1 971
-
7 293
-
health insurance
793
-
2 933
-
unemployment
129
-
476
-
income
1 071
-
9 929
-
work injury
54
-
198
-
total
4 018
-
20 829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 788
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%.

518
625
-
-
total
518
625
-
-
Dividends
51 270
61 875
-
-
withholding
7 690
9 281
-
-
total
7 690
9 281
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 226
9 906
20 829
27 117
After tax
50 274
52 594
41 671
35 383
Living cost
6 695
6 695
6 695
6 695
Free-cash
43 579
45 899
34 976
28 688

Estimated living cost  is ₴6695 per week

₴4148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴10686
₴13138
₴10879
₴7826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
417
regional
-
-
-
1 367
social contributions
-
-
-
16 075
national
-
-
-
14 173
total
-
-
-
32 032
Employee
41 843
-
62 500
-
social contributions
14 109
-
21 075
-
municipal
250
-
373
-
regional
632
-
1 170
-
national
7 071
-
12 274
-
total
22 062
-
34 892
-
Employer
41 843
-
62 500
-
total
-
-
-
-
Corporate
20 657
62 500
-
-
nationa
4 958
15 000
-
-
municipal
996
3 013
-
-
total
5 954
18 013
-
-
Dividends
14 703
44 488
-
-
withholding
3 823
11 567
-
-
total
3 823
11 567
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 839
29 580
34 892
32 032
After tax
30 661
32 920
27 608
30 468
Living cost
19 782
19 782
19 782
19 782
Free-cash
10 879
13 138
7 826
10 686

Estimated living cost  is ₴19782 per week

₴13895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
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.
₴4226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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