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
₴16611
₴26656
₴20427
₴22072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
16 607
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.

-
-
-
913
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.

-
-
-
3 372
trade
-
-
-
6 229
total
-
-
-
27 121
Employee

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

18 881
-
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
-
913
-
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.

527
-
16 607
-
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.

3 372
-
3 372
-
total
3 928
-
20 892
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 619
62 500
-
-
income
6 543
9 375
-
-
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.

360
515
-
-
chamber of commerce
138
165
-
-
trade
6 870
9 844
-
-
total
13 911
19 899
-
-
Dividends
29 709
42 601
-
-
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.

398
575
-
-
withholding
7 239
10 463
-
-
total
7 637
11 038
-
-
Income
62 500
62 500
62 500
62 500
Total tax
25 476
30 937
20 892
27 121
After tax
37 024
31 563
41 608
35 379
Living cost
14 952
14 952
14 952
14 952
Free-cash
22 072
16 611
26 656
20 427

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12785
₴11664
₴11173
₴12349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
672
municipal
-
-
-
6 644
national
-
-
-
10 296
pensions
-
-
-
7 500
total
-
-
-
25 112
Employee
40 639
-
54 031
-
municipal
5 020
-
6 886
-
pensions
1 626
-
2 161
-
national
7 778
-
10 671
-
total
14 424
-
19 718
-
Employer
40 639
-
54 031
-
pensions
3 251
-
4 322
-
social contributions
437
-
581
-
total
3 688
-
4 903
-
Corporate
15 491
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%.

3 098
12 500
-
-
total
3 098
12 500
-
-
Dividends
12 393
50 000
-
-
withholding
2 726
11 000
-
-
total
2 726
11 000
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 936
23 500
24 621
25 112
After tax
38 564
39 000
37 879
37 388
Living cost
26 215
26 215
26 215
26 215
Free-cash
12 349
12 785
11 664
11 173

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39730
₴24809
₴7916
₴35680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 462
surtax
-
-
-
15 938
social contributions

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

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
44 314
Employee
14 425
-
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.

1 587
-
5 540
-
income
2 568
-
9 748
-
total
4 155
-
15 288
-
Employer
14 425
-
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.

3 475
-
12 133
-
surtax
-
-
-
-
total
3 475
-
12 133
-
Corporate
44 601
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%.

8 920
12 500
-
-
total
8 920
12 500
-
-
Dividends

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

35 681
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
16 550
12 500
27 421
44 314
After tax
45 950
50 000
35 079
18 186
Living cost
10 270
10 270
10 270
10 270
Free-cash
35 680
39 730
24 809
7 916

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
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.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9899
₴13875
₴15298
₴6875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
14 651
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
26 522
Employee
42 155
42 155
53 326
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
6 900
-
health
6 470
5 504
6 087
-
total
20 958
18 188
18 771
-
Employer
42 155
42 155
53 326
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
13 480
12 963
-
-
income
2 696
2 592
-
-
total
2 696
2 592
-
-
Dividends
10 784
10 371
-
-
income
2 291
2 203
-
-
withholding
1 618
1 556
-
-
total
3 909
3 759
-
-
Income
62 500
62 500
62 500
62 500
Total tax
34 945
31 921
27 945
26 522
After tax
27 555
30 579
34 555
35 978
Living cost
20 680
20 680
20 680
20 680
Free-cash
6 875
9 899
13 875
15 298

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
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.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13900
₴12519
₴13064
₴13445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
14 808
national
-
-
-
1 561
pensions
-
-
-
4 792
total
-
-
-
29 211
Employee
28 819
-
48 573
-
municipal
8 594
-
14 484
-
national
-
-
1 344
-
total
8 594
-
15 828
-
Employer
28 819
-
48 573
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
24 626
62 500
-
-
income
5 418
13 750
-
-
total
5 418
13 750
-
-
Dividends
19 208
48 750
-
-
withholding
5 763
14 625
-
-
total
5 763
14 625
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 830
28 375
29 756
29 211
After tax
33 670
34 125
32 744
33 289
Living cost
20 225
20 225
20 225
20 225
Free-cash
13 445
13 900
12 519
13 064

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11849
₴22215
₴15709
₴18785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
16 607
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.

-
-
-
913
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.

-
-
-
3 372
trade
-
-
-
6 506
total
-
-
-
27 398
Employee

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

25 034
-
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.

118
-
913
-
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.

2 151
-
16 607
-
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.

3 372
-
3 372
-
total
5 641
-
20 892
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 466
62 500
-
-
income
5 620
9 375
-
-
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.

309
515
-
-
chamber of commerce
128
164
-
-
trade
6 163
10 281
-
-
total
12 220
20 335
-
-
Dividends
25 246
42 164
-
-
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.

337
570
-
-
withholding
6 124
10 353
-
-
total
6 461
10 923
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 322
31 258
20 892
27 398
After tax
38 178
31 242
41 608
35 102
Living cost
19 393
19 393
19 393
19 393
Free-cash
18 785
11 849
22 215
15 709

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
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.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29664
₴27106
₴27769
₴27615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
9 140
social contributions
-
-
-
7 987
health
-
-
-
1 593
total
-
-
-
18 720
Employee
37 959
37 959
57 193
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
8 855
-
health
378
645
972
-
total
6 209
7 309
14 076
-
Employer
37 959
37 959
57 193
-
health
411
703
1 058
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 307
-
Corporate
38 025
20 688
-
-
income
4 753
2 586
-
-
total
4 753
2 586
-
-
Dividends
33 271
18 102
-
-
withholding
5 656
3 077
-
-
total
5 656
3 077
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 874
16 825
19 383
18 720
After tax
43 626
45 675
43 117
43 780
Living cost
16 011
16 011
16 011
16 011
Free-cash
27 615
29 664
27 106
27 769

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴26105
₴27173
₴34239
₴26292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
7 641
unemployment
-
-
-
937
health
-
-
-
4 375
pensions
-
-
-
6 250
total
-
-
-
19 203
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.

13 076
5 204
52 301
-
unemployment
196
78
785
-
pensions
1 308
520
5 230
-
income
1 599
636
6 394
-
health
915
364
3 661
-
total
4 018
1 598
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.

13 076
5 204
52 301
-
pensions
2 550
1 015
10 199
-
total
2 550
1 015
10 199
-
Corporate
46 874
56 281
-
-
income
4 219
5 065
-
-
total
4 219
5 065
-
-
Dividends
42 656
51 216
-
-
social contributions
8 258
9 928
-
-
withholding
8 105
9 731
-
-
total
16 363
19 659
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 150
27 337
26 269
19 203
After tax
35 350
35 163
36 231
43 297
Living cost
9 058
9 058
9 058
9 058
Free-cash
26 292
26 105
27 173
34 239

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38077
₴24100
₴21576
₴35011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
8 375
health
-
-
-
8 125
pensions
-
-
-
12 501
total
-
-
-
29 001
Employee
14 004
-
46 711
-
unemployment
224
-
748
-
pensions
280
-
934
-
income
1 577
-
9 006
-
total
2 081
-
10 688
-
Employer
14 004
-
46 711
-
health
1 820
-
6 072
-
pensions
2 801
-
9 343
-
unemployment
112
-
374
-
total
4 733
-
15 789
-
Corporate
43 762
62 500
-
-
income
8 752
12 500
-
-
total
8 752
12 500
-
-
Dividends
35 010
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
15 566
12 500
26 477
29 001
After tax
46 934
50 000
36 023
33 499
Living cost
11 923
11 923
11 923
11 923
Free-cash
35 011
38 077
24 100
21 576

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5932
₴22056
₴31823
₴3376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
16 202
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
19 682
Employee
17 295
-
54 739
-
pensions
1 947
-
3 813
-
income
2 373
-
11 607
-
health
1 980
-
6 268
-
total
6 300
-
21 688
-
Employer
17 295
-
54 739
-
pensions
2 812
-
5 506
-
accident
289
-
914
-
unemployment
424
-
1 341
-
total
3 525
-
7 761
-
Corporate
41 680
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.

37 512
56 250
-
-
total
37 512
56 250
-
-
Dividends
4 168
6 250
-
-
withholding
792
1 187
-
-
total
792
1 187
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 129
57 437
29 449
19 682
After tax
14 371
5 063
33 051
42 818
Living cost
10 995
10 995
10 995
10 995
Free-cash
3 376
-5 932
22 056
31 823

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
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.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55380
₴46005
₴57880
₴54631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
62 500
-
income
999
-
12 500
-
total
999
-
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%.

57 506
62 500
-
-
total
-
-
-
-
Dividends
57 506
62 500
-
-
withholding
2 875
3 125
-
-
total
2 875
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
3 874
3 125
12 500
625
After tax
58 626
59 375
50 000
61 875
Living cost
3 995
3 995
3 995
3 995
Free-cash
54 631
55 380
46 005
57 880

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32765
₴22856
₴20271
₴29431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
8 356
other
-
-
-
2 969
health
-
-
-
2 750
pensions

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

-
-
-
15 000
total
-
-
-
29 075
Employee
17 924
-
49 920
-
unemployment
179
-
499
-
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.

1 254
-
3 495
-
income
3 086
-
9 218
-
health
251
-
699
-
total
4 770
-
13 911
-
Employer
17 924
-
49 920
-
health
251
-
699
-
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.

3 047
-
8 486
-
accident
143
-
399
-
unemployment
179
-
499
-
other
897
-
2 496
-
total
4 517
-
12 579
-
Corporate
40 059
62 500
-
-
income
8 412
13 125
-
-
total
8 412
13 125
-
-
Dividends
31 647
49 375
-
-
withholding
2 216
3 456
-
-
total
2 216
3 456
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 915
16 581
26 490
29 075
After tax
42 585
45 919
36 010
33 425
Living cost
13 154
13 154
13 154
13 154
Free-cash
29 431
32 765
22 856
20 271

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10676
₴4638
₴10427
₴7272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
15 321
pensions
-
-
-
3 936
total
-
-
-
19 257
Employee
46 430
-
54 819
-
pensions
4 479
-
5 017
-
income
8 369
-
11 461
-
health
765
-
887
-
total
13 613
-
17 365
-
Employer
46 430
-
54 819
-
health
882
-
1 042
-
pensions
5 482
-
6 639
-
total
6 364
-
7 681
-
Corporate
9 706
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.

1 845
11 875
-
-
total
1 845
11 875
-
-
Dividends
7 862
50 625
-
-
withholding
590
7 133
-
-
total
590
7 133
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 412
19 008
25 046
19 257
After tax
40 088
43 492
37 454
43 243
Living cost
32 816
32 816
32 816
32 816
Free-cash
7 272
10 676
4 638
10 427

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴46956
₴44220
₴42034
₴44661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
9 375
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
13 985
Employee
8 582
-
59 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
5 911
-
health
395
-
794
-
total
2 101
-
8 411
-
Employer
8 582
-
59 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
52 234
62 500
-
-
income
5 223
6 250
-
-
total
5 223
6 250
-
-
Dividends
47 011
56 250
-
-
withholding
2 351
2 813
-
-
total
2 351
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
11 358
9 063
11 799
13 985
After tax
51 142
53 437
50 701
48 515
Living cost
6 481
6 481
6 481
6 481
Free-cash
44 661
46 956
44 220
42 034

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
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.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3206
₴7182
₴8605
₴4448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
14 651
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
26 522
Employee
45 767
42 155
53 326
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
6 900
-
health
5 710
5 504
6 087
-
total
18 394
18 188
18 771
-
Employer
45 767
42 155
53 326
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
8 719
12 963
-
-
income
1 744
2 592
-
-
total
1 744
2 592
-
-
Dividends
6 975
10 371
-
-
income
1 482
2 203
-
-
withholding
1 046
1 556
-
-
total
2 528
3 759
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 679
31 921
27 945
26 522
After tax
31 821
30 579
34 555
35 978
Living cost
27 373
27 373
27 373
27 373
Free-cash
4 448
3 206
7 182
8 605

Estimated living cost  is ₴27373 per week

₴20192
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.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30764
₴19449
₴18681
₴26387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
5 462
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
8 438
total
-
-
-
31 552
Employee
18 040
-
46 642
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
3 032
-
income
2 165
-
5 597
-
health
2 435
-
6 297
-
total
5 773
-
14 926
-
Employer
18 040
-
46 642
-
health
1 624
-
4 198
-
social contributions
4 510
-
11 660
-
total
6 134
-
15 858
-
Corporate
38 326
62 500
-
-
income
7 282
11 875
-
-
total
7 282
11 875
-
-
Dividends
31 044
50 625
-
-
withholding
4 657
7 594
-
-
total
4 657
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 846
19 469
30 784
31 552
After tax
38 654
43 031
31 716
30 948
Living cost
12 267
12 267
12 267
12 267
Free-cash
26 387
30 764
19 449
18 681

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12516
₴7342
₴10317
₴9939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
16 075
regional
-
-
-
713
municipal
-
-
-
371
national
-
-
-
14 194
total
-
-
-
31 353
Employee
43 872
-
62 500
-
municipal
232
-
332
-
national
7 602
-
12 294
-
regional
414
-
627
-
social contributions
14 794
-
21 075
-
total
23 042
-
34 328
-
Employer
43 872
-
62 500
-
total
-
-
-
-
Corporate
18 628
62 500
-
-
municipal
727
2 438
-
-
nationa
4 470
15 000
-
-
total
5 197
17 438
-
-
Dividends
13 430
45 063
-
-
withholding
3 492
11 716
-
-
total
3 492
11 716
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 731
29 154
34 328
31 353
After tax
30 769
33 346
28 172
31 147
Living cost
20 830
20 830
20 830
20 830
Free-cash
9 939
12 516
7 342
10 317

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28419
₴18163
₴19195
₴26884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
13 521
other
-
-
-
-
surtax
-
-
-
1 841
unemployment
-
-
-
112
health
-
-
-
4 438
pensions
-
-
-
12 500
total
-
-
-
32 412
Employee
16 325
-
51 631
-
other
-
-
-
-
unemployment
1 136
-
3 594
-
pensions
1 089
-
3 444
-
surtax
53
-
1 678
-
income
2 736
-
12 543
-
health
417
-
1 316
-
total
5 431
-
22 575
-
Employer
16 325
-
51 631
-
health
743
-
2 349
-
pensions
2 176
-
6 883
-
unemployment
517
-
1 637
-
other
-
-
-
-
total
3 436
-
10 869
-
Corporate
42 739
62 500
-
-
income
11 112
16 250
-
-
total
11 112
16 250
-
-
Dividends
31 627
46 250
-
-
withholding
4 744
6 938
-
-
total
4 744
6 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 723
23 188
33 444
32 412
After tax
37 777
39 312
29 056
30 088
Living cost
10 893
10 893
10 893
10 893
Free-cash
26 884
28 419
18 163
19 195

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21073
₴15035
₴20824
₴20548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
15 321
pensions
-
-
-
3 936
total
-
-
-
19 257
Employee
31 116
-
54 819
-
pensions
2 641
-
5 017
-
income
5 604
-
11 461
-
health
452
-
887
-
total
8 697
-
17 365
-
Employer
31 116
-
54 819
-
health
591
-
1 042
-
pensions
3 368
-
6 639
-
total
3 959
-
7 681
-
Corporate
27 424
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.

5 211
11 875
-
-
total
5 211
11 875
-
-
Dividends
22 214
50 625
-
-
withholding
1 666
7 133
-
-
total
1 666
7 133
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 533
19 008
25 046
19 257
After tax
42 967
43 492
37 454
43 243
Living cost
22 419
22 419
22 419
22 419
Free-cash
20 548
21 073
15 035
20 824

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10561
₴9420
₴12524
₴6184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
other

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

-
-
-
1 250
regional
-
-
-
2 455
health
-
-
-
141
city
-
-
-
658
national
-
-
-
582
pensions
-
-
-
5 749
total
-
-
-
10 835
Employee
45 805
-
55 941
-
unemployment
-
-
-
-
pensions
3 848
-
4 700
-
national
217
-
453
-
regional
1 500
-
2 114
-
city
492
-
601
-
health
104
-
126
-
total
6 161
-
7 994
-
Employer
45 805
-
55 941
-
health
104
-
126
-
pensions
3 848
-
4 700
-
unemployment
-
-
-
-
other

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

916
-
1 119
-
total
4 868
-
5 945
-
Corporate
11 324
62 500
-
-
regional
2 395
13 218
-
-
national
962
5 313
-
-
total
3 357
18 531
-
-
Dividends
7 967
43 969
-
-
withholding
2 789
15 389
-
-
total
2 789
15 389
-
-
Income
62 500
62 500
62 500
62 500
Total tax
17 175
33 920
13 939
10 835
After tax
45 325
28 580
48 561
51 665
Living cost
39 141
39 141
39 141
39 141
Free-cash
6 184
-10 561
9 420
12 524

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8306
₴18994
₴12212
₴16312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
16 607
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.

-
-
-
913
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.

-
-
-
3 372
trade
-
-
-
6 782
total
-
-
-
27 674
Employee

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

29 667
-
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.

192
-
913
-
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.

3 489
-
16 607
-
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.

3 372
-
3 372
-
total
7 053
-
20 892
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 833
62 500
-
-
income
4 925
9 375
-
-
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.

271
515
-
-
chamber of commerce
121
163
-
-
trade
5 631
10 719
-
-
total
10 948
20 772
-
-
Dividends
21 885
41 728
-
-
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.

290
563
-
-
withholding
5 283
10 245
-
-
total
5 573
10 808
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 574
31 580
20 892
27 674
After tax
38 926
30 920
41 608
34 826
Living cost
22 614
22 614
22 614
22 614
Free-cash
16 312
8 306
18 994
12 212

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14611
₴20191
₴18728
₴17526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
7 811
other
-
-
-
1 937
surtax
-
-
-
-
social contributions
-
-
-
1 781
health
-
-
-
1 879
pensions
-
-
-
13 475
total
-
-
-
26 883
Employee
21 127
-
49 775
-
pensions
2 389
-
2 869
-
surtax
-
-
-
-
social contributions
602
-
1 418
-
income
1 247
-
8 409
-
total
4 238
-
12 696
-
Employer
21 127
-
49 775
-
health
1 479
-
3 905
-
pensions
3 471
-
4 937
-
unemployment
855
-
2 016
-
social contributions
64
-
149
-
other
729
-
1 717
-
total
6 598
-
12 724
-
Corporate
34 775
62 500
-
-
income
9 737
17 500
-
-
surtax
-
-
-
-
total
9 737
17 500
-
-
Dividends
25 038
45 000
-
-
surtax
-
-
-
-
social contributions
4 307
7 740
-
-
withholding
3 205
5 760
-
-
total
7 512
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 085
31 000
25 420
26 883
After tax
34 415
31 500
37 080
35 617
Living cost
16 889
16 889
16 889
16 889
Free-cash
17 526
14 611
20 191
18 728

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴16284
₴21864
₴20401
₴19027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
7 811
other
-
-
-
1 937
surtax
-
-
-
-
social contributions
-
-
-
1 781
health
-
-
-
1 879
pensions
-
-
-
13 475
total
-
-
-
26 883
Employee
18 859
-
49 775
-
pensions
2 133
-
2 869
-
surtax
-
-
-
-
social contributions
538
-
1 418
-
income
972
-
8 409
-
total
3 643
-
12 696
-
Employer
18 859
-
49 775
-
health
1 320
-
3 905
-
pensions
3 099
-
4 937
-
unemployment
763
-
2 016
-
social contributions
56
-
149
-
other
651
-
1 717
-
total
5 889
-
12 724
-
Corporate
37 751
62 500
-
-
income
10 571
17 500
-
-
surtax
-
-
-
-
total
10 571
17 500
-
-
Dividends
27 181
45 000
-
-
surtax
-
-
-
-
social contributions
4 675
7 740
-
-
withholding
3 479
5 760
-
-
total
8 154
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 257
31 000
25 420
26 883
After tax
34 243
31 500
37 080
35 617
Living cost
15 216
15 216
15 216
15 216
Free-cash
19 027
16 284
21 864
20 401

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
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.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴27663
₴29098
₴29669
₴27919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
9 375
social contributions
-
-
-
8 625
health
-
-
-
4 363
total
-
-
-
22 363
Employee
16 738
-
62 500
-
social contributions
2 310
-
8 625
-
income
2 792
-
9 946
-
health
1 168
-
4 363
-
total
6 270
-
22 934
-
Employer
16 738
-
62 500
-
total
-
-
-
-
Corporate
45 762
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%.

2 289
3 125
-
-
total
2 289
3 125
-
-
Dividends
43 474
59 375
-
-
social contributions
5 999
8 194
-
-
withholding
6 521
8 906
-
-
health
3 034
4 144
-
-
total
15 554
21 244
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 113
24 369
22 934
22 363
After tax
38 387
38 131
39 566
40 137
Living cost
10 468
10 468
10 468
10 468
Free-cash
27 919
27 663
29 098
29 669

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17421
-₴123
₴13908
₴16659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
12 743
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
250
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
31 198
Employee
24 670
19 673
48 457
-
other
246
197
484
-
unemployment
740
590
1 454
-
pensions
2 527
2 014
4 962
-
income
2 808
1 451
10 764
-
health
955
762
1 875
-
total
7 276
5 014
19 539
-
Employer
24 670
19 673
48 457
-
chamber of commerce
98
79
194
-
health
932
744
1 831
-
pensions
3 096
2 469
6 082
-
accident
320
256
630
-
unemployment
740
590
1 454
-
surtax
97
97
97
-
payroll
740
590
1 454
-
other
1 172
934
2 302
-
total
7 195
5 759
14 044
-
Corporate
30 633
37 068
46 583
-
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.

7 658
9 267
11 646
-
total
7 658
9 267
11 646
-
Dividends
22 975
27 801
-
-
withholding
6 318
7 645
-
-
total
6 318
7 645
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 447
27 685
45 229
31 198
After tax
34 053
34 815
17 271
31 302
Living cost
17 394
17 394
17 394
17 394
Free-cash
16 659
17 421
-123
13 908

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17006
₴5368
₴9983
₴9603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
3 154
social contributions
-
-
-
9 934
national
-
-
-
21 430
total
-
-
-
34 518
Employee

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

35 311
-
48 409
-
unemployment

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

307
-
422
-
communal

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

1 842
-
2 525
-
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.

2 648
-
3 631
-
national
10 856
-
16 188
-
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.

1 659
-
2 275
-
total
17 312
-
25 041
-
Employer

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

35 311
-
48 409
-
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.

2 171
-
2 977
-
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.

3 129
-
4 289
-
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.

459
-
630
-
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.

515
-
706
-
surtax
4 004
-
5 490
-
total
10 278
-
14 092
-
Corporate
16 911
62 500
-
-
income
3 382
12 500
-
-
surtax
67
250
-
-
total
3 449
12 750
-
-
Dividends
13 461
49 750
-
-
withholding

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

3 859
14 745
-
-
total
3 859
14 745
-
-
Income
62 500
62 500
62 500
62 500
Total tax
34 898
27 495
39 133
34 518
After tax
27 602
35 005
23 367
27 982
Living cost
17 999
17 999
17 999
17 999
Free-cash
9 603
17 006
5 368
9 983

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24128
₴14554
₴16926
₴20321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
14 020
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
27 746
Employee
24 573
-
47 913
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
12 626
-
total
6 745
-
15 532
-
Employer
24 573
-
47 913
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
30 095
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.

4 514
9 375
-
-
total
4 514
9 375
-
-
Dividends
25 581
53 125
-
-
withholding
5 259
11 169
-
-
total
5 259
11 169
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 351
20 544
30 118
27 746
After tax
38 149
41 956
32 382
34 754
Living cost
17 828
17 828
17 828
17 828
Free-cash
20 321
24 128
14 554
16 926

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10864
₴9303
₴6812
₴6036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
3 950
accident
-
-
-
527
income
-
-
-
7 526
surtax
-
-
-
3 098
health
-
-
-
4 392
pensions
-
-
-
9 368
total
-
-
-
28 861
Employee
37 383
-
55 828
-
pensions
2 990
-
4 467
-
surtax
2 291
-
3 421
-
income
3 611
-
9 326
-
health
1 664
-
2 484
-
total
10 556
-
19 698
-
Employer
37 383
-
55 828
-
health
1 140
-
1 703
-
pensions
2 990
-
4 467
-
accident
336
-
502
-
total
4 466
-
6 672
-
Corporate
20 650
62 500
-
-
communal
1 394
4 218
-
-
income
3 097
9 375
-
-
surtax
216
657
-
-
total
4 707
14 250
-
-
Dividends
15 943
48 250
-
-
income
7 516
3 321
-
-
withholding
2 392
7 238
-
-
total
9 908
10 559
-
-
Income
62 500
62 500
62 500
62 500
Total tax
29 637
24 809
26 370
28 861
After tax
32 863
37 691
36 130
33 639
Living cost
26 827
26 827
26 827
26 827
Free-cash
6 036
10 864
9 303
6 812

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
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.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28224
₴17968
₴19000
₴26655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
13 521
other
-
-
-
-
surtax
-
-
-
1 841
unemployment
-
-
-
112
health
-
-
-
4 438
pensions
-
-
-
12 500
total
-
-
-
32 412
Employee
16 624
-
51 631
-
other
-
-
-
-
unemployment
1 157
-
3 594
-
pensions
1 109
-
3 444
-
surtax
59
-
1 678
-
income
2 787
-
12 543
-
health
424
-
1 316
-
total
5 536
-
22 575
-
Employer
16 624
-
51 631
-
health
756
-
2 349
-
pensions
2 216
-
6 883
-
unemployment
527
-
1 637
-
other
-
-
-
-
total
3 499
-
10 869
-
Corporate
42 376
62 500
-
-
income
11 018
16 250
-
-
total
11 018
16 250
-
-
Dividends
31 358
46 250
-
-
withholding
4 704
6 938
-
-
total
4 704
6 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 757
23 188
33 444
32 412
After tax
37 743
39 312
29 056
30 088
Living cost
11 088
11 088
11 088
11 088
Free-cash
26 655
28 224
17 968
19 000

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19554
₴14660
₴17619
₴18458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
16 075
regional
-
-
-
943
municipal
-
-
-
371
national
-
-
-
14 194
total
-
-
-
31 583
Employee
27 383
-
62 500
-
municipal
145
-
332
-
national
4 338
-
12 294
-
regional
369
-
841
-
social contributions
9 234
-
21 075
-
total
14 086
-
34 542
-
Employer
27 383
-
62 500
-
total
-
-
-
-
Corporate
35 117
62 500
-
-
municipal
1 745
3 106
-
-
nationa
8 428
15 000
-
-
total
10 173
18 106
-
-
Dividends
24 943
44 394
-
-
withholding
6 485
11 542
-
-
total
6 485
11 542
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 744
29 648
34 542
31 583
After tax
31 756
32 852
27 958
30 917
Living cost
13 298
13 298
13 298
13 298
Free-cash
18 458
19 554
14 660
17 619

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27915
₴16600
₴15832
₴22522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
5 462
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
8 438
total
-
-
-
31 552
Employee
22 230
-
46 642
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 032
-
income
2 668
-
5 597
-
health
3 001
-
6 297
-
total
7 114
-
14 926
-
Employer
22 230
-
46 642
-
health
2 001
-
4 198
-
social contributions
5 558
-
11 660
-
total
7 559
-
15 858
-
Corporate
32 712
62 500
-
-
income
6 215
11 875
-
-
total
6 215
11 875
-
-
Dividends
26 497
50 625
-
-
withholding
3 974
7 594
-
-
total
3 974
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 862
19 469
30 784
31 552
After tax
37 638
43 031
31 716
30 948
Living cost
15 116
15 116
15 116
15 116
Free-cash
22 522
27 915
16 600
15 832

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Prague model

Close
Graz , Austria
₴19118
₴1541
₴15650
₴18877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
12 743
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
250
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
31 101
Employee
21 579
19 673
48 532
-
other
215
197
485
-
unemployment
647
590
1 456
-
pensions
2 210
2 014
4 970
-
income
1 922
1 451
10 791
-
health
835
762
1 878
-
total
5 829
5 014
19 580
-
Employer
21 579
19 673
48 532
-
chamber of commerce
86
79
194
-
health
816
744
1 834
-
pensions
2 708
2 469
6 091
-
accident
280
256
630
-
unemployment
647
590
1 456
-
surtax
-
-
-
-
payroll
647
590
1 456
-
other
1 025
934
2 304
-
total
6 209
5 662
13 965
-
Corporate
34 711
37 165
46 661
-
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.

8 677
9 291
11 665
-
total
8 677
9 291
11 665
-
Dividends
26 034
27 874
-
-
withholding
7 159
7 666
-
-
total
7 159
7 666
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 874
27 633
45 210
31 101
After tax
34 626
34 867
17 290
31 399
Living cost
15 749
15 749
15 749
15 749
Free-cash
18 877
19 118
1 541
15 650

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53149
₴43774
₴55649
₴51981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 782
-
62 500
-
income
1 557
-
12 500
-
total
1 557
-
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%.

54 718
62 500
-
-
total
-
-
-
-
Dividends
54 718
62 500
-
-
withholding
2 736
3 125
-
-
total
2 736
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
4 293
3 125
12 500
625
After tax
58 207
59 375
50 000
61 875
Living cost
6 226
6 226
6 226
6 226
Free-cash
51 981
53 149
43 774
55 649

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
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.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29790
₴16727
₴18519
₴25661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 082
unemployment
-
-
-
94
health
-
-
-
6 150
pensions
-
-
-
11 414
total
-
-
-
30 740
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.

21 829
-
54 079
-
unemployment
31
-
76
-
pensions
3 384
-
8 382
-
income
3 764
-
12 159
-
health
1 410
-
3 494
-
total
8 589
-
24 111
-
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.

21 829
-
54 079
-
health
1 454
-
3 602
-
pensions
1 932
-
4 786
-
unemployment
13
-
33
-
total
3 399
-
8 421
-
Corporate
37 272
62 500
-
-
income
7 082
11 875
-
-
total
7 082
11 875
-
-
Dividends
30 190
50 625
-
-
withholding
4 528
7 594
-
-
total
4 528
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 598
19 469
32 532
30 740
After tax
38 902
43 031
29 968
31 760
Living cost
13 241
13 241
13 241
13 241
Free-cash
25 661
29 790
16 727
18 519

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16427
₴34317
₴21594
-₴12133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
12 183
social contributions
-
-
-
7 125
total
-
-
-
19 308
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
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
53 035
24 475
6 585
19 308
After tax
9 465
38 025
55 915
43 192
Living cost
21 598
21 598
21 598
21 598
Free-cash
-12 133
16 427
34 317
21 594

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20066
₴14819
₴18808
₴19570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 490
surtax
-
-
-
-
social contributions

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

-
-
-
21 718
total
-
-
-
28 208
Employee
22 704
-
50 505
-
surtax
-
-
-
-
social contributions
2 497
-
5 555
-
income
4 722
-
14 647
-
total
7 219
-
20 202
-
Employer
22 704
-
50 505
-
social contributions
5 392
-
11 995
-
total
5 392
-
11 995
-
Corporate
34 404
62 500
-
-
income
7 225
13 125
-
-
surtax
-
-
-
-
total
7 225
13 125
-
-
Dividends
27 179
49 375
-
-
withholding
7 610
13 825
-
-
total
7 610
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 446
26 950
32 197
28 208
After tax
35 054
35 550
30 303
34 292
Living cost
15 484
15 484
15 484
15 484
Free-cash
19 570
20 066
14 819
18 808

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
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.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7658
₴13238
₴11775
₴11051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
7 811
other
-
-
-
1 937
surtax
-
-
-
-
social contributions
-
-
-
1 781
health
-
-
-
1 879
pensions
-
-
-
13 475
total
-
-
-
26 883
Employee
30 918
-
49 775
-
pensions
3 497
-
2 869
-
surtax
-
-
-
-
social contributions
881
-
1 418
-
income
2 698
-
8 409
-
total
7 076
-
12 696
-
Employer
30 918
-
49 775
-
health
2 164
-
3 905
-
pensions
5 080
-
4 937
-
unemployment
1 252
-
2 016
-
social contributions
93
-
149
-
other
1 067
-
1 717
-
total
9 656
-
12 724
-
Corporate
21 926
62 500
-
-
income
6 139
17 500
-
-
surtax
-
-
-
-
total
6 139
17 500
-
-
Dividends
15 787
45 000
-
-
surtax
-
-
-
-
social contributions
2 715
7 740
-
-
withholding
2 021
5 760
-
-
total
4 736
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 607
31 000
25 420
26 883
After tax
34 893
31 500
37 080
35 617
Living cost
23 842
23 842
23 842
23 842
Free-cash
11 051
7 658
13 238
11 775

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41411
₴33694
₴32034
₴39753
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
1 877
social contributions
-
-
-
13 750
total
-
-
-
15 627
Employee
15 870
-
54 112
-
income
-
-
2 062
-
social contributions
1 031
-
3 518
-
total
1 031
-
5 580
-
Employer
15 870
-
54 112
-
social contributions
2 460
-
8 387
-
total
2 460
-
8 387
-
Corporate
44 170
62 500
-
-
income
4 417
6 250
-
-
total
4 417
6 250
-
-
Dividends
39 753
56 250
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
7 908
6 250
13 967
15 627
After tax
54 592
56 250
48 533
46 873
Living cost
14 839
14 839
14 839
14 839
Free-cash
39 753
41 411
33 694
32 034

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴45005
-₴45005
₴14220
-₴45005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
labour market
-
-
-
4 966
municipal
-
-
-
12 294
national
-
-
-
6 829
pensions
-
-
-
428
total
-
-
-
24 517
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
83 742
83 742
83 742
24 517
After tax
-21 242
-21 242
-21 242
37 983
Living cost
23 763
23 763
23 763
23 763
Free-cash
-45 005
-45 005
-45 005
14 220

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5769
₴22219
₴31986
₴3400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
16 202
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
19 682
Employee
17 040
-
54 739
-
pensions
1 919
-
3 813
-
income
2 338
-
11 607
-
health
1 951
-
6 268
-
total
6 208
-
21 688
-
Employer
17 040
-
54 739
-
pensions
2 771
-
5 506
-
accident
285
-
914
-
unemployment
418
-
1 341
-
total
3 474
-
7 761
-
Corporate
41 987
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.

37 788
56 250
-
-
total
37 788
56 250
-
-
Dividends
4 199
6 250
-
-
withholding
798
1 187
-
-
total
798
1 187
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 268
57 437
29 449
19 682
After tax
14 232
5 063
33 051
42 818
Living cost
10 832
10 832
10 832
10 832
Free-cash
3 400
-5 769
22 219
31 986

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21601
₴15391
₴23958
₴21737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
health
-
-
-
757
municipal
-
-
-
11 114
national
-
-
-
7 719
total
-
-
-
19 590
Employee
25 972
-
52 578
-
municipal
4 254
-
8 574
-
unemployment
390
-
789
-
pensions
1 753
-
3 549
-
national
429
-
4 721
-
health
194
-
603
-
total
7 020
-
18 236
-
Employer
25 972
-
52 578
-
health
200
-
405
-
pensions
4 506
-
9 122
-
accident
26
-
52
-
unemployment
169
-
342
-
total
4 901
-
9 921
-
Corporate
31 628
62 500
-
-
income
6 325
12 500
-
-
total
6 325
12 500
-
-
Dividends

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

18 977
37 500
-
-
municipal
3 416
6 750
-
-
national
149
2 697
-
-
total
3 565
9 447
-
-
Income
62 500
62 500
62 500
62 500
Total tax
21 811
21 947
28 157
19 590
After tax
40 689
40 553
34 343
42 910
Living cost
18 952
18 952
18 952
18 952
Free-cash
21 737
21 601
15 391
23 958

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and 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

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
₴34246
₴31688
₴32351
₴31560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
9 140
social contributions
-
-
-
7 987
health
-
-
-
1 593
total
-
-
-
18 720
Employee
37 959
37 959
57 193
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
8 855
-
health
294
645
972
-
total
5 862
7 309
14 076
-
Employer
37 959
37 959
57 193
-
health
319
703
1 058
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 307
-
Corporate
43 454
20 688
-
-
income
5 431
2 586
-
-
total
5 431
2 586
-
-
Dividends
38 022
18 102
-
-
withholding
6 464
3 077
-
-
total
6 464
3 077
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 511
16 825
19 383
18 720
After tax
42 989
45 675
43 117
43 780
Living cost
11 429
11 429
11 429
11 429
Free-cash
31 560
34 246
31 688
32 351

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
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.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43918
₴33664
₴43565
₴41407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 157
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
11 097
Employee

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

11 331
-
57 676
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
4 933
-
health
963
-
3 981
-
total
3 493
-
16 174
-
Employer

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

11 331
-
57 676
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
50 003
62 500
-
-
income
4 500
5 625
-
-
total
4 500
5 625
-
-
Dividends
45 502
56 875
-
-
withholding
4 096
5 119
-
-
total
4 096
5 119
-
-
Income
62 500
62 500
62 500
62 500
Total tax
13 255
10 744
20 998
11 097
After tax
49 245
51 756
41 502
51 403
Living cost
7 838
7 838
7 838
7 838
Free-cash
41 407
43 918
33 664
43 565

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
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.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28381
₴18807
₴21179
₴25917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
14 020
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
27 746
Employee
18 253
-
47 913
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
12 626
-
total
4 678
-
15 532
-
Employer
18 253
-
47 913
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
38 428
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.

5 764
9 375
-
-
total
5 764
9 375
-
-
Dividends
32 664
53 125
-
-
withholding
6 747
11 169
-
-
total
6 747
11 169
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 008
20 544
30 118
27 746
After tax
39 492
41 956
32 382
34 754
Living cost
13 575
13 575
13 575
13 575
Free-cash
25 917
28 381
18 807
21 179

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38039
₴39031
₴39100
₴37882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
21 230
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
22 439
Employee
1 464
-
61 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
21 193
-
health
73
-
175
-
total
503
-
21 719
-
Employer
1 464
-
61 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
60 706
62 500
-
-
income
13 355
13 750
-
-
total
13 355
13 750
-
-
Dividends
47 351
48 750
-
-
withholding
9 470
9 750
-
-
total
9 470
9 750
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 657
23 500
22 508
22 439
After tax
38 843
39 000
39 992
40 061
Living cost
961
961
961
961
Free-cash
37 882
38 039
39 031
39 100

Estimated living cost  is ₴961 per week

₴571
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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36619
₴26609
₴26610
₴34190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 563
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
27 353
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.

12 873
-
55 970
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
13 563
-
health
663
-
1 879
-
total
4 336
-
20 823
-
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.

12 873
-
55 970
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
47 323
62 500
-
-
income
7 098
9 375
-
-
total
7 098
9 375
-
-
Dividends
40 224
53 125
-
-
withholding
6 034
7 969
-
-
total
6 034
7 969
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 773
17 344
27 354
27 353
After tax
42 727
45 156
35 146
35 147
Living cost
8 537
8 537
8 537
8 537
Free-cash
34 190
36 619
26 609
26 610

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22242
₴16995
₴20984
₴22064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 490
surtax
-
-
-
-
social contributions

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

-
-
-
21 718
total
-
-
-
28 208
Employee
19 160
-
50 505
-
surtax
-
-
-
-
social contributions
2 108
-
5 555
-
income
3 744
-
14 647
-
total
5 852
-
20 202
-
Employer
19 160
-
50 505
-
social contributions
4 550
-
11 995
-
total
4 550
-
11 995
-
Corporate
38 790
62 500
-
-
income
8 146
13 125
-
-
surtax
-
-
-
-
total
8 146
13 125
-
-
Dividends
30 644
49 375
-
-
withholding
8 580
13 825
-
-
total
8 580
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 128
26 950
32 197
28 208
After tax
35 372
35 550
30 303
34 292
Living cost
13 308
13 308
13 308
13 308
Free-cash
22 064
22 242
16 995
20 984

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24607
₴15033
₴17405
₴20969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
14 020
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
27 746
Employee
23 841
-
47 913
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
12 626
-
total
6 491
-
15 532
-
Employer
23 841
-
47 913
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
31 058
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.

4 659
9 375
-
-
total
4 659
9 375
-
-
Dividends
26 399
53 125
-
-
withholding
5 431
11 169
-
-
total
5 431
11 169
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 182
20 544
30 118
27 746
After tax
38 318
41 956
32 382
34 754
Living cost
17 349
17 349
17 349
17 349
Free-cash
20 969
24 607
15 033
17 405

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44933
₴42197
₴40011
₴41920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
9 375
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
13 985
Employee
11 260
-
59 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
5 911
-
health
518
-
794
-
total
2 757
-
8 411
-
Employer
11 260
-
59 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
49 031
62 500
-
-
income
4 903
6 250
-
-
total
4 903
6 250
-
-
Dividends
44 128
56 250
-
-
withholding
2 206
2 813
-
-
total
2 206
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 076
9 063
11 799
13 985
After tax
50 424
53 437
50 701
48 515
Living cost
8 504
8 504
8 504
8 504
Free-cash
41 920
44 933
42 197
40 011

Estimated living cost  is ₴8504 per week

₴5624
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13148
₴22550
₴16875
₴19607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
16 607
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.

-
-
-
913
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.

-
-
-
3 372
trade
-
-
-
5 675
total
-
-
-
26 567
Employee

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

24 562
-
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.

111
-
913
-
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.

2 020
-
16 607
-
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.

3 372
-
3 372
-
total
5 503
-
20 892
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 938
62 500
-
-
income
5 691
9 375
-
-
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.

313
515
-
-
chamber of commerce
130
167
-
-
trade
5 444
8 969
-
-
total
11 578
19 026
-
-
Dividends
26 360
43 474
-
-
surtax

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

352
587
-
-
withholding
6 402
10 681
-
-
total
6 754
11 268
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 835
30 294
20 892
26 567
After tax
38 665
32 206
41 608
35 933
Living cost
19 058
19 058
19 058
19 058
Free-cash
19 607
13 148
22 550
16 875

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
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.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15630
₴11704
₴11704
₴16720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
16 841
social contributions
-
-
-
5 835
total
-
-
-
22 676
Employee
38 614
-
62 500
-
income
7 286
-
16 841
-
social contributions
3 208
-
5 835
-
total
10 494
-
22 676
-
Employer
38 614
-
62 500
-
total
-
-
-
-
Corporate
23 886
62 500
-
-
income
2 986
7 813
-
-
total
2 986
7 813
-
-
Dividends
20 900
54 687
-
-
withholding
4 180
10 937
-
-
total
4 180
10 937
-
-
Income
62 500
62 500
62 500
62 500
Total tax
17 660
18 750
22 676
22 676
After tax
44 840
43 750
39 824
39 824
Living cost
28 120
28 120
28 120
28 120
Free-cash
16 720
15 630
11 704
11 704

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20097
₴28011
₴27545
₴21822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
62 500
income
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
60 229
-
income
2 457
-
12 027
-
social contributions
2 269
-
2 271
-
total
4 726
-
14 298
-
Employer
22 646
-
60 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
37 585
62 500
-
-
income
13 155
21 875
-
-
total
13 155
21 875
-
-
Dividends
24 430
40 625
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 758
24 483
16 569
17 035
After tax
39 742
38 017
45 931
45 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
21 822
20 097
28 011
27 545

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25266
₴19228
₴25017
₴25835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
income
-
-
-
15 321
pensions
-
-
-
3 936
total
-
-
-
19 257
Employee
25 018
-
54 819
-
pensions
1 909
-
5 017
-
income
4 556
-
11 461
-
health
326
-
887
-
total
6 791
-
17 365
-
Employer
25 018
-
54 819
-
health
475
-
1 042
-
pensions
2 528
-
6 639
-
total
3 003
-
7 681
-
Corporate
34 479
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.

6 551
11 875
-
-
total
6 551
11 875
-
-
Dividends
27 928
50 625
-
-
withholding
2 094
7 133
-
-
total
2 094
7 133
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 439
19 008
25 046
19 257
After tax
44 061
43 492
37 454
43 243
Living cost
18 226
18 226
18 226
18 226
Free-cash
25 835
25 266
19 228
25 017

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6842
₴21146
₴30913
₴3236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
16 202
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
19 682
Employee
18 727
-
54 739
-
pensions
2 109
-
3 813
-
income
2 569
-
11 607
-
health
2 144
-
6 268
-
total
6 822
-
21 688
-
Employer
18 727
-
54 739
-
pensions
3 045
-
5 506
-
accident
313
-
914
-
unemployment
459
-
1 341
-
total
3 817
-
7 761
-
Corporate
39 957
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.

35 961
56 250
-
-
total
35 961
56 250
-
-
Dividends
3 996
6 250
-
-
withholding
759
1 187
-
-
total
759
1 187
-
-
Income
62 500
62 500
62 500
62 500
Total tax
47 359
57 437
29 449
19 682
After tax
15 141
5 063
33 051
42 818
Living cost
11 905
11 905
11 905
11 905
Free-cash
3 236
-6 842
21 146
30 913

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴45924
₴35037
₴28708
₴43613
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
income
-
-
-
9 935
unemployment
-
-
-
750
work injury
-
-
-
312
health insurance
-
-
-
4 625
pensions
-
-
-
11 500
total
-
-
-
27 122
Employee

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

10 671
-
62 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
9 935
-
total
4 002
-
20 793
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 829
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
51 310
61 875
-
-
withholding
7 697
9 281
-
-
total
7 697
9 281
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 217
9 906
20 793
27 122
After tax
50 283
52 594
41 707
35 378
Living cost
6 670
6 670
6 670
6 670
Free-cash
43 613
45 924
35 037
28 708

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13254
₴7920
₴10778
₴11009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
social contributions
-
-
-
16 075
regional
-
-
-
1 369
municipal
-
-
-
418
national
-
-
-
14 194
total
-
-
-
32 056
Employee
41 598
-
62 500
-
municipal
248
-
373
-
national
7 030
-
12 294
-
regional
628
-
1 172
-
social contributions
14 027
-
21 075
-
total
21 933
-
34 914
-
Employer
41 598
-
62 500
-
total
-
-
-
-
Corporate
20 902
62 500
-
-
municipal
1 007
3 013
-
-
nationa
5 017
15 000
-
-
total
6 024
18 013
-
-
Dividends
14 879
44 487
-
-
withholding
3 868
11 567
-
-
total
3 868
11 567
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 825
29 580
34 914
32 056
After tax
30 675
32 920
27 586
30 444
Living cost
19 666
19 666
19 666
19 666
Free-cash
11 009
13 254
7 920
10 778

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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