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
₴16452
₴26568
₴20377
₴21973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 505
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.

-
-
-
908
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.

-
-
-
3 408
trade
-
-
-
6 191
total
-
-
-
27 012
Employee

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

19 082
-
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
-
908
-
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.

533
-
16 505
-
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.

3 408
-
3 408
-
total
3 970
-
20 821
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 418
62 500
-
-
income
6 513
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.

358
516
-
-
chamber of commerce
138
166
-
-
trade
6 838
9 843
-
-
total
13 847
19 900
-
-
Dividends
29 571
42 600
-
-
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.

396
576
-
-
withholding
7 203
10 461
-
-
total
7 599
11 037
-
-
Income
62 500
62 500
62 500
62 500
Total tax
25 416
30 937
20 821
27 012
After tax
37 084
31 563
41 679
35 488
Living cost
15 111
15 111
15 111
15 111
Free-cash
21 973
16 452
26 568
20 377

Estimated living cost  is ₴15111 per week

₴9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1762
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.
₴3562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12386
₴11290
₴10798
₴11943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 635
national
-
-
-
10 281
pensions
-
-
-
7 500
total
-
-
-
25 088
Employee
41 256
-
54 031
-
municipal
5 096
-
6 876
-
pensions
1 650
-
2 161
-
national
7 896
-
10 656
-
total
14 642
-
19 693
-
Employer
41 256
-
54 031
-
pensions
3 301
-
4 322
-
social contributions
444
-
581
-
total
3 745
-
4 903
-
Corporate
14 777
62 500
-
-
income

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

2 955
12 500
-
-
total
2 955
12 500
-
-
Dividends
11 821
50 000
-
-
withholding
2 601
11 000
-
-
total
2 601
11 000
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 943
23 500
24 596
25 088
After tax
38 557
39 000
37 904
37 412
Living cost
26 614
26 614
26 614
26 614
Free-cash
11 943
12 386
11 290
10 798

Estimated living cost  is ₴26614 per week

₴18089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39621
₴24705
₴7657
₴35528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 411
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.

-
-
-
19 115
microenterprise
-
-
-
-
total
-
-
-
44 464
Employee
14 578
-
50 366
-
surtax
-
-
-
-
social contributions

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

1 604
-
5 540
-
income
2 595
-
9 742
-
total
4 199
-
15 282
-
Employer
14 578
-
50 366
-
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.

3 512
-
12 134
-
surtax
-
-
-
-
total
3 512
-
12 134
-
Corporate
44 410
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%.

8 882
12 500
-
-
total
8 882
12 500
-
-
Dividends

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

35 528
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
16 593
12 500
27 416
44 464
After tax
45 907
50 000
35 084
18 036
Living cost
10 379
10 379
10 379
10 379
Free-cash
35 528
39 621
24 705
7 657

Estimated living cost  is ₴10379 per week

₴6622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴988
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.
₴2534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9666
₴13357
₴15050
₴6608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 553
health
-
-
-
6 152
pensions
-
-
-
5 845
total
-
-
-
26 550
Employee
42 604
42 604
53 228
-
pensions
7 669
5 845
5 845
-
income

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

6 974
6 974
6 974
-
health
6 539
5 562
6 152
-
total
21 182
18 381
18 971
-
Employer
42 604
42 604
53 228
-
health
2 961
2 961
3 680
-
pensions
2 965
2 965
3 686
-
unemployment
1 534
1 534
1 906
-
total
7 460
7 460
9 272
-
Corporate
12 958
12 436
-
-
income
2 591
2 487
-
-
total
2 591
2 487
-
-
Dividends
10 367
9 949
-
-
income
2 203
2 114
-
-
withholding
1 556
1 492
-
-
total
3 759
3 606
-
-
Income
62 500
62 500
62 500
62 500
Total tax
34 992
31 934
28 243
26 550
After tax
27 508
30 566
34 257
35 950
Living cost
20 900
20 900
20 900
20 900
Free-cash
6 608
9 666
13 357
15 050

Estimated living cost  is ₴20900 per week

₴14811
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13981
₴12594
₴13137
₴13530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 130
unemployment
-
-
-
44
health
-
-
-
2 755
municipal
-
-
-
14 824
national
-
-
-
1 605
pensions
-
-
-
4 773
total
-
-
-
29 219
Employee
28 704
-
48 628
-
municipal
8 559
-
14 501
-
national
-
-
1 389
-
total
8 559
-
15 890
-
Employer
28 704
-
48 628
-
health
1 765
-
2 715
-
pensions
3 103
-
4 773
-
accident
57
-
88
-
unemployment
758
-
1 166
-
other
3 335
-
5 130
-
total
9 018
-
13 872
-
Corporate
24 778
62 500
-
-
income
5 451
13 750
-
-
total
5 451
13 750
-
-
Dividends
19 327
48 750
-
-
withholding
5 798
14 625
-
-
total
5 798
14 625
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 826
28 375
29 762
29 219
After tax
33 674
34 125
32 738
33 281
Living cost
20 144
20 144
20 144
20 144
Free-cash
13 530
13 981
12 594
13 137

Estimated living cost  is ₴20144 per week

₴13351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11643
₴22080
₴15615
₴18654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 505
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.

-
-
-
908
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.

-
-
-
3 408
trade
-
-
-
6 465
total
-
-
-
27 286
Employee

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

25 300
-
62 500
-
surtax

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

119
-
908
-
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.

2 174
-
16 505
-
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.

3 408
-
3 408
-
total
5 701
-
20 821
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 200
62 500
-
-
income
5 580
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.

307
516
-
-
chamber of commerce
129
165
-
-
trade
6 120
10 281
-
-
total
12 136
20 337
-
-
Dividends
25 064
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.

334
569
-
-
withholding
6 076
10 352
-
-
total
6 410
10 921
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 247
31 258
20 821
27 286
After tax
38 253
31 242
41 679
35 214
Living cost
19 599
19 599
19 599
19 599
Free-cash
18 654
11 643
22 080
15 615

Estimated living cost  is ₴19599 per week

₴13108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29495
₴26944
₴27610
₴27426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 043
social contributions
-
-
-
8 072
health
-
-
-
1 593
total
-
-
-
18 708
Employee
38 363
38 363
57 148
-
social contributions
1 864
3 184
4 294
-
income
4 028
3 551
8 757
-
health
382
652
971
-
total
6 274
7 387
14 022
-
Employer
38 363
38 363
57 148
-
health
416
710
1 058
-
social contributions
1 864
3 184
4 294
-
total
2 280
3 894
5 352
-
Corporate
37 764
20 243
-
-
income
4 721
2 531
-
-
total
4 721
2 531
-
-
Dividends
33 044
17 712
-
-
withholding
5 617
3 011
-
-
total
5 617
3 011
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 892
16 823
19 374
18 708
After tax
43 608
45 677
43 126
43 792
Living cost
16 182
16 182
16 182
16 182
Free-cash
27 426
29 495
26 944
27 610

Estimated living cost  is ₴16182 per week

₴11062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Limassol model

Close
Budapest , Hungary
₴26224
₴27295
₴34361
₴26410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

12 899
5 134
52 301
-
unemployment
193
77
785
-
pensions
1 290
513
5 230
-
income
1 577
628
6 394
-
health
903
359
3 661
-
total
3 963
1 577
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.

12 899
5 134
52 301
-
pensions
2 515
1 001
10 199
-
total
2 515
1 001
10 199
-
Corporate
47 086
56 365
-
-
income
4 238
5 073
-
-
total
4 238
5 073
-
-
Dividends
42 848
51 292
-
-
social contributions
8 297
9 943
-
-
withholding
8 141
9 746
-
-
total
16 438
19 689
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 154
27 340
26 269
19 203
After tax
35 346
35 160
36 231
43 297
Living cost
8 936
8 936
8 936
8 936
Free-cash
26 410
26 224
27 295
34 361

Estimated living cost  is ₴8936 per week

₴6098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37950
₴23974
₴21450
₴34850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 500
total
-
-
-
29 000
Employee
14 153
-
46 711
-
unemployment
226
-
747
-
pensions
283
-
934
-
income
1 593
-
9 006
-
total
2 102
-
10 687
-
Employer
14 153
-
46 711
-
health
1 840
-
6 072
-
pensions
2 831
-
9 343
-
unemployment
114
-
374
-
total
4 785
-
15 789
-
Corporate
43 563
62 500
-
-
income
8 713
12 500
-
-
total
8 713
12 500
-
-
Dividends
34 850
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
15 600
12 500
26 476
29 000
After tax
46 900
50 000
36 024
33 500
Living cost
12 050
12 050
12 050
12 050
Free-cash
34 850
37 950
23 974
21 450

Estimated living cost  is ₴12050 per week

₴8265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6074
₴21876
₴31685
₴3355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
16 153
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
19 679
Employee
17 518
-
54 671
-
pensions
1 973
-
3 862
-
income
2 403
-
11 537
-
health
2 006
-
6 260
-
total
6 382
-
21 659
-
Employer
17 518
-
54 671
-
pensions
2 848
-
5 577
-
accident
292
-
913
-
unemployment
429
-
1 339
-
total
3 569
-
7 829
-
Corporate
41 412
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.

37 271
56 250
-
-
total
37 271
56 250
-
-
Dividends
4 141
6 250
-
-
withholding
787
1 188
-
-
total
787
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 009
57 438
29 488
19 679
After tax
14 491
5 062
33 012
42 821
Living cost
11 136
11 136
11 136
11 136
Free-cash
3 355
-6 074
21 876
31 685

Estimated living cost  is ₴11136 per week

₴8162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55355
₴45980
₴57855
₴54601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
62 500
microenterprise

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

-
-
-
625
total
-
-
-
625
Employee
5 025
-
62 500
-
income
1 005
-
12 500
-
total
1 005
-
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%.

57 475
62 500
-
-
total
-
-
-
-
Dividends
57 475
62 500
-
-
withholding
2 874
3 125
-
-
total
2 874
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
3 879
3 125
12 500
625
After tax
58 621
59 375
50 000
61 875
Living cost
4 020
4 020
4 020
4 020
Free-cash
54 601
55 355
45 980
57 855

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32624
₴22736
₴20153
₴29253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 334
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
-
-
-
29 053
Employee
18 114
-
49 920
-
unemployment
181
-
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.

1 268
-
3 494
-
income
3 119
-
9 196
-
health
254
-
699
-
total
4 822
-
13 888
-
Employer
18 114
-
49 920
-
health
254
-
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.

3 080
-
8 487
-
accident
145
-
400
-
unemployment
181
-
499
-
other
906
-
2 497
-
total
4 566
-
12 582
-
Corporate
39 820
62 500
-
-
income
8 363
13 125
-
-
total
8 363
13 125
-
-
Dividends
31 458
49 375
-
-
withholding
2 202
3 457
-
-
total
2 202
3 457
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 953
16 582
26 470
29 053
After tax
42 547
45 918
36 030
33 447
Living cost
13 294
13 294
13 294
13 294
Free-cash
29 253
32 624
22 736
20 153

Estimated living cost  is ₴13294 per week

₴9393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10178
₴4067
₴9868
₴6433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 126
pensions
-
-
-
3 993
total
-
-
-
19 119
Employee
47 416
-
54 836
-
pensions
4 574
-
5 100
-
income
8 547
-
11 260
-
health
781
-
895
-
total
13 902
-
17 255
-
Employer
47 416
-
54 836
-
health
901
-
1 042
-
pensions
5 598
-
6 623
-
total
6 499
-
7 665
-
Corporate
8 585
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.

1 631
11 874
-
-
total
1 631
11 874
-
-
Dividends
6 954
50 626
-
-
withholding
522
6 935
-
-
total
522
6 935
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 554
18 809
24 920
19 119
After tax
39 946
43 691
37 580
43 381
Living cost
33 513
33 513
33 513
33 513
Free-cash
6 433
10 178
4 067
9 868

Estimated living cost  is ₴33513 per week

₴25112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴46894
₴44104
₴41928
₴44577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
2 004
pensions

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

-
-
-
2 580
total
-
-
-
14 029
Employee
8 663
-
59 080
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

761
-
1 530
-
income
866
-
5 908
-
health
398
-
802
-
total
2 120
-
8 432
-
Employer
8 663
-
59 080
-
health
598
-
1 203
-
pensions

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

955
-
1 921
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
unemployment
52
-
105
-
total
1 700
-
3 421
-
Corporate
52 137
62 500
-
-
income
5 214
6 250
-
-
total
5 214
6 250
-
-
Dividends
46 923
56 250
-
-
withholding
2 346
2 813
-
-
total
2 346
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
11 380
9 063
11 853
14 029
After tax
51 120
53 437
50 647
48 471
Living cost
6 543
6 543
6 543
6 543
Free-cash
44 577
46 894
44 104
41 928

Estimated living cost  is ₴6543 per week

₴3820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2901
₴6592
₴8285
₴4156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 553
health
-
-
-
6 152
pensions
-
-
-
5 845
total
-
-
-
26 550
Employee
46 254
42 604
53 228
-
pensions
5 845
5 845
5 845
-
income

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

6 974
6 974
6 974
-
health
5 770
5 562
6 152
-
total
18 589
18 381
18 971
-
Employer
46 254
42 604
53 228
-
health
3 214
2 961
3 680
-
pensions
3 219
2 965
3 686
-
unemployment
1 665
1 534
1 906
-
total
8 098
7 460
9 272
-
Corporate
8 147
12 436
-
-
income
1 629
2 487
-
-
total
1 629
2 487
-
-
Dividends
6 518
9 949
-
-
income
1 385
2 114
-
-
withholding
978
1 492
-
-
total
2 363
3 606
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 679
31 934
28 243
26 550
After tax
31 821
30 566
34 257
35 950
Living cost
27 665
27 665
27 665
27 665
Free-cash
4 156
2 901
6 592
8 285

Estimated living cost  is ₴27665 per week

₴20407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30840
₴19525
₴18851
₴26492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 478
social contributions
-
-
-
17 543
solidarity contribution
-
-
-
-
health
-
-
-
8 437
total
-
-
-
31 458
Employee
17 928
-
46 642
-
solidarity contribution
-
-
-
-
social contributions
1 165
-
3 032
-
income
2 151
-
5 597
-
health
2 420
-
6 297
-
total
5 736
-
14 926
-
Employer
17 928
-
46 642
-
health
1 614
-
4 198
-
social contributions
4 482
-
11 660
-
total
6 096
-
15 858
-
Corporate
38 476
62 500
-
-
income
7 310
11 875
-
-
total
7 310
11 875
-
-
Dividends
31 166
50 625
-
-
withholding
4 675
7 594
-
-
total
4 675
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 817
19 469
30 784
31 458
After tax
38 683
43 031
31 716
31 042
Living cost
12 191
12 191
12 191
12 191
Free-cash
26 492
30 840
19 525
18 851

Estimated living cost  is ₴12191 per week

₴8468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12294
₴7158
₴10132
₴9689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
712
municipal
-
-
-
371
national
-
-
-
14 158
total
-
-
-
31 316
Employee
44 339
-
62 500
-
municipal
235
-
331
-
national
7 683
-
12 258
-
regional
418
-
626
-
social contributions
14 951
-
21 075
-
total
23 287
-
34 290
-
Employer
44 339
-
62 500
-
total
-
-
-
-
Corporate
18 161
62 500
-
-
municipal
708
2 438
-
-
nationa
4 359
15 000
-
-
total
5 067
17 438
-
-
Dividends
13 094
45 062
-
-
withholding
3 405
11 716
-
-
total
3 405
11 716
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 759
29 154
34 290
31 316
After tax
30 741
33 346
28 210
31 184
Living cost
21 052
21 052
21 052
21 052
Free-cash
9 689
12 294
7 158
10 132

Estimated living cost  is ₴21052 per week

₴14675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28303
₴18138
₴19171
₴26752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 446
other
-
-
-
-
surtax
-
-
-
1 823
unemployment
-
-
-
114
health
-
-
-
4 437
pensions
-
-
-
12 500
total
-
-
-
32 320
Employee
16 498
-
51 631
-
other
-
-
-
-
unemployment
1 148
-
3 594
-
pensions
1 100
-
3 443
-
surtax
54
-
1 661
-
income
2 765
-
12 469
-
health
421
-
1 317
-
total
5 488
-
22 484
-
Employer
16 498
-
51 631
-
health
751
-
2 349
-
pensions
2 199
-
6 883
-
unemployment
523
-
1 637
-
other
-
-
-
-
total
3 473
-
10 869
-
Corporate
42 529
62 500
-
-
income
11 057
16 250
-
-
total
11 057
16 250
-
-
Dividends
31 472
46 250
-
-
withholding
4 721
6 938
-
-
total
4 721
6 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 739
23 188
33 353
32 320
After tax
37 761
39 312
29 147
30 180
Living cost
11 009
11 009
11 009
11 009
Free-cash
26 752
28 303
18 138
19 171

Estimated living cost  is ₴11009 per week

₴6731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20796
₴14685
₴20486
₴19990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 126
pensions
-
-
-
3 993
total
-
-
-
19 119
Employee
31 777
-
54 836
-
pensions
2 697
-
5 100
-
income
5 723
-
11 260
-
health
461
-
895
-
total
8 881
-
17 255
-
Employer
31 777
-
54 836
-
health
604
-
1 042
-
pensions
3 440
-
6 623
-
total
4 044
-
7 665
-
Corporate
26 680
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.

5 069
11 874
-
-
total
5 069
11 874
-
-
Dividends
21 611
50 626
-
-
withholding
1 621
6 935
-
-
total
1 621
6 935
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 615
18 809
24 920
19 119
After tax
42 885
43 691
37 580
43 381
Living cost
22 895
22 895
22 895
22 895
Free-cash
19 990
20 796
14 685
20 486

Estimated living cost  is ₴22895 per week

₴17153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10870
₴9132
₴12233
₴6009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 443
health
-
-
-
141
city
-
-
-
659
national
-
-
-
574
pensions
-
-
-
5 750
total
-
-
-
10 817
Employee
46 167
-
55 942
-
unemployment
-
-
-
-
pensions
3 879
-
4 698
-
national
219
-
447
-
regional
1 512
-
2 103
-
city
495
-
601
-
health
104
-
126
-
total
6 209
-
7 975
-
Employer
46 167
-
55 942
-
health
104
-
126
-
pensions
3 879
-
4 698
-
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.

923
-
1 119
-
total
4 906
-
5 943
-
Corporate
10 919
62 500
-
-
regional
2 309
13 219
-
-
national
928
5 312
-
-
total
3 237
18 531
-
-
Dividends
7 682
43 969
-
-
withholding
2 689
15 389
-
-
total
2 689
15 389
-
-
Income
62 500
62 500
62 500
62 500
Total tax
17 041
33 920
13 918
10 817
After tax
45 459
28 580
48 582
51 683
Living cost
39 450
39 450
39 450
39 450
Free-cash
6 009
-10 870
9 132
12 233

Estimated living cost  is ₴39450 per week

₴25654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3540
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8066
₴18824
₴12083
₴16157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 505
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.

-
-
-
908
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.

-
-
-
3 408
trade
-
-
-
6 741
total
-
-
-
27 562
Employee

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

29 983
-
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.

194
-
908
-
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.

3 526
-
16 505
-
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.

3 408
-
3 408
-
total
7 128
-
20 821
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 517
62 500
-
-
income
4 878
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.

268
516
-
-
chamber of commerce
121
164
-
-
trade
5 576
10 719
-
-
total
10 843
20 774
-
-
Dividends
21 674
41 726
-
-
surtax

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

288
563
-
-
withholding
5 229
10 242
-
-
total
5 517
10 805
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 488
31 579
20 821
27 562
After tax
39 012
30 921
41 679
34 938
Living cost
22 855
22 855
22 855
22 855
Free-cash
16 157
8 066
18 824
12 083

Estimated living cost  is ₴22855 per week

₴16692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
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.
₴4038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14430
₴20108
₴18563
₴17379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 736
other
-
-
-
1 937
surtax
-
-
-
-
social contributions
-
-
-
1 781
health
-
-
-
1 851
pensions
-
-
-
13 563
total
-
-
-
26 868
Employee
21 352
-
49 820
-
pensions
2 414
-
2 851
-
surtax
-
-
-
-
social contributions
609
-
1 420
-
income
1 260
-
8 372
-
total
4 283
-
12 643
-
Employer
21 352
-
49 820
-
health
1 495
-
3 884
-
pensions
3 508
-
4 910
-
unemployment
864
-
2 018
-
social contributions
64
-
150
-
other
737
-
1 718
-
total
6 668
-
12 680
-
Corporate
34 480
62 500
-
-
income
9 654
17 500
-
-
surtax
-
-
-
-
total
9 654
17 500
-
-
Dividends
24 826
45 000
-
-
surtax
-
-
-
-
social contributions
4 270
7 741
-
-
withholding
3 177
5 760
-
-
total
7 447
13 501
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 052
31 001
25 323
26 868
After tax
34 448
31 499
37 177
35 632
Living cost
17 069
17 069
17 069
17 069
Free-cash
17 379
14 430
20 108
18 563

Estimated living cost  is ₴17069 per week

₴10763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1388
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16121
₴21799
₴20254
₴18892
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 736
other
-
-
-
1 937
surtax
-
-
-
-
social contributions
-
-
-
1 781
health
-
-
-
1 851
pensions
-
-
-
13 563
total
-
-
-
26 868
Employee
19 060
-
49 820
-
pensions
2 156
-
2 851
-
surtax
-
-
-
-
social contributions
543
-
1 420
-
income
983
-
8 372
-
total
3 682
-
12 643
-
Employer
19 060
-
49 820
-
health
1 334
-
3 884
-
pensions
3 132
-
4 910
-
unemployment
772
-
2 018
-
social contributions
57
-
150
-
other
658
-
1 718
-
total
5 953
-
12 680
-
Corporate
37 488
62 500
-
-
income
10 497
17 500
-
-
surtax
-
-
-
-
total
10 497
17 500
-
-
Dividends
26 991
45 000
-
-
surtax
-
-
-
-
social contributions
4 643
7 741
-
-
withholding
3 455
5 760
-
-
total
8 098
13 501
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 230
31 001
25 323
26 868
After tax
34 270
31 499
37 177
35 632
Living cost
15 378
15 378
15 378
15 378
Free-cash
18 892
16 121
21 799
20 254

Estimated living cost  is ₴15378 per week

₴8918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27552
₴29015
₴29558
₴27810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 916
-
62 500
-
social contributions
2 335
-
8 625
-
income
2 821
-
9 918
-
health
1 181
-
4 363
-
total
6 337
-
22 906
-
Employer
16 916
-
62 500
-
total
-
-
-
-
Corporate
45 584
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%.

2 279
3 125
-
-
total
2 279
3 125
-
-
Dividends
43 306
59 375
-
-
social contributions
5 976
8 194
-
-
withholding
6 496
8 906
-
-
health
3 023
4 144
-
-
total
15 495
21 244
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 111
24 369
22 906
22 363
After tax
38 389
38 131
39 594
40 137
Living cost
10 579
10 579
10 579
10 579
Free-cash
27 810
27 552
29 015
29 558

Estimated living cost  is ₴10579 per week

₴7080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴652
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17244
-₴240
₴13673
₴16474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 599
surtax
-
-
-
98
unemployment
-
-
-
3 060
chamber of commerce
-
-
-
250
health
-
-
-
4 458
pensions
-
-
-
10 783
total
-
-
-
31 248
Employee
24 933
19 882
48 457
-
other
249
199
485
-
unemployment
748
596
1 453
-
pensions
2 553
2 036
4 962
-
income
2 838
1 467
10 701
-
health
965
770
1 876
-
total
7 353
5 068
19 477
-
Employer
24 933
19 882
48 457
-
chamber of commerce
99
80
194
-
health
942
752
1 832
-
pensions
3 129
2 496
6 081
-
accident
324
258
630
-
unemployment
748
596
1 453
-
surtax
98
98
98
-
payroll
748
596
1 453
-
other
1 184
944
2 302
-
total
7 272
5 820
14 043
-
Corporate
30 294
36 798
46 563
-
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.

7 574
9 200
11 641
-
total
7 574
9 200
11 641
-
Dividends
22 720
27 598
-
-
withholding
6 248
7 589
-
-
total
6 248
7 589
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 447
27 677
45 161
31 248
After tax
34 053
34 823
17 339
31 252
Living cost
17 579
17 579
17 579
17 579
Free-cash
16 474
17 244
-240
13 673

Estimated living cost  is ₴17579 per week

₴11725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1500
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.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16816
₴5229
₴9838
₴9334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 945
national
-
-
-
21 372
total
-
-
-
34 471
Employee

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

35 687
-
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.

311
-
421
-
communal

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

1 861
-
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.

2 676
-
3 631
-
national
10 971
-
16 136
-
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.

1 677
-
2 275
-
total
17 496
-
24 988
-
Employer

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

35 687
-
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.

2 195
-
2 978
-
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.

3 162
-
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.

464
-
629
-
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.

521
-
707
-
surtax
4 046
-
5 489
-
total
10 388
-
14 092
-
Corporate
16 426
62 500
-
-
income
3 285
12 500
-
-
surtax
65
250
-
-
total
3 350
12 750
-
-
Dividends
13 075
49 750
-
-
withholding

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

3 741
14 743
-
-
total
3 741
14 743
-
-
Income
62 500
62 500
62 500
62 500
Total tax
34 975
27 493
39 080
34 471
After tax
27 525
35 007
23 420
28 029
Living cost
18 191
18 191
18 191
18 191
Free-cash
9 334
16 816
5 229
9 838

Estimated living cost  is ₴18191 per week

₴11717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23950
₴14289
₴16688
₴20091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
13 922
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 086
total
-
-
-
27 795
Employee
24 834
-
47 758
-
other
25
-
46
-
unemployment
385
-
717
-
pensions
1 167
-
2 174
-
income
5 240
-
12 515
-
total
6 817
-
15 452
-
Employer
24 834
-
47 758
-
pensions
5 860
-
10 913
-
accident
491
-
916
-
unemployment
1 366
-
2 543
-
other
198
-
370
-
total
7 915
-
14 742
-
Corporate
29 750
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.

4 463
9 375
-
-
total
4 463
9 375
-
-
Dividends
25 287
53 125
-
-
withholding
5 197
11 158
-
-
total
5 197
11 158
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 392
20 533
30 194
27 795
After tax
38 108
41 967
32 306
34 705
Living cost
18 017
18 017
18 017
18 017
Free-cash
20 091
23 950
14 289
16 688

Estimated living cost  is ₴18017 per week

₴13268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1278
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.
₴3211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10608
₴9122
₴6630
₴5782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 423
surtax
-
-
-
3 099
health
-
-
-
4 391
pensions
-
-
-
9 368
total
-
-
-
28 758
Employee
37 781
-
55 828
-
pensions
3 022
-
4 466
-
surtax
2 316
-
3 422
-
income
3 649
-
9 223
-
health
1 681
-
2 484
-
total
10 668
-
19 595
-
Employer
37 781
-
55 828
-
health
1 152
-
1 702
-
pensions
3 022
-
4 466
-
accident
340
-
503
-
total
4 514
-
6 671
-
Corporate
20 205
62 500
-
-
communal
1 364
4 219
-
-
income
3 031
9 375
-
-
surtax
212
656
-
-
total
4 607
14 250
-
-
Dividends
15 598
48 250
-
-
income
7 478
3 292
-
-
withholding
2 339
7 238
-
-
total
9 817
10 530
-
-
Income
62 500
62 500
62 500
62 500
Total tax
29 606
24 780
26 266
28 758
After tax
32 894
37 720
36 234
33 742
Living cost
27 112
27 112
27 112
27 112
Free-cash
5 782
10 608
9 122
6 630

Estimated living cost  is ₴27112 per week

₴20338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28106
₴17941
₴18974
₴26519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 446
other
-
-
-
-
surtax
-
-
-
1 823
unemployment
-
-
-
114
health
-
-
-
4 437
pensions
-
-
-
12 500
total
-
-
-
32 320
Employee
16 801
-
51 631
-
other
-
-
-
-
unemployment
1 169
-
3 594
-
pensions
1 121
-
3 443
-
surtax
60
-
1 661
-
income
2 817
-
12 469
-
health
429
-
1 317
-
total
5 596
-
22 484
-
Employer
16 801
-
51 631
-
health
764
-
2 349
-
pensions
2 240
-
6 883
-
unemployment
533
-
1 637
-
other
-
-
-
-
total
3 537
-
10 869
-
Corporate
42 162
62 500
-
-
income
10 962
16 250
-
-
total
10 962
16 250
-
-
Dividends
31 199
46 250
-
-
withholding
4 680
6 938
-
-
total
4 680
6 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 775
23 188
33 353
32 320
After tax
37 725
39 312
29 147
30 180
Living cost
11 206
11 206
11 206
11 206
Free-cash
26 519
28 106
17 941
18 974

Estimated living cost  is ₴11206 per week

₴6766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19413
₴14556
₴17515
₴18305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
942
municipal
-
-
-
371
national
-
-
-
14 158
total
-
-
-
31 546
Employee
27 675
-
62 500
-
municipal
147
-
331
-
national
4 384
-
12 258
-
regional
373
-
841
-
social contributions
9 332
-
21 075
-
total
14 236
-
34 505
-
Employer
27 675
-
62 500
-
total
-
-
-
-
Corporate
34 825
62 500
-
-
municipal
1 731
3 106
-
-
nationa
8 358
15 000
-
-
total
10 089
18 106
-
-
Dividends
24 737
44 393
-
-
withholding
6 431
11 542
-
-
total
6 431
11 542
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 756
29 648
34 505
31 546
After tax
31 744
32 852
27 995
30 954
Living cost
13 439
13 439
13 439
13 439
Free-cash
18 305
19 413
14 556
17 515

Estimated living cost  is ₴13439 per week

₴8358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28008
₴16693
₴16019
₴22650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 478
social contributions
-
-
-
17 543
solidarity contribution
-
-
-
-
health
-
-
-
8 437
total
-
-
-
31 458
Employee
22 092
-
46 642
-
solidarity contribution
-
-
-
-
social contributions
1 436
-
3 032
-
income
2 651
-
5 597
-
health
2 982
-
6 297
-
total
7 069
-
14 926
-
Employer
22 092
-
46 642
-
health
1 988
-
4 198
-
social contributions
5 523
-
11 660
-
total
7 511
-
15 858
-
Corporate
32 896
62 500
-
-
income
6 250
11 875
-
-
total
6 250
11 875
-
-
Dividends
26 646
50 625
-
-
withholding
3 997
7 594
-
-
total
3 997
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 827
19 469
30 784
31 458
After tax
37 673
43 031
31 716
31 042
Living cost
15 023
15 023
15 023
15 023
Free-cash
22 650
28 008
16 693
16 019

Estimated living cost  is ₴15023 per week

₴11172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18959
₴1438
₴15433
₴18713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 599
surtax
-
-
-
-
unemployment
-
-
-
3 060
chamber of commerce
-
-
-
250
health
-
-
-
4 458
pensions
-
-
-
10 783
total
-
-
-
31 150
Employee
21 808
19 882
48 533
-
other
218
199
486
-
unemployment
654
596
1 456
-
pensions
2 233
2 036
4 970
-
income
1 943
1 467
10 728
-
health
844
770
1 878
-
total
5 892
5 068
19 518
-
Employer
21 808
19 882
48 533
-
chamber of commerce
87
80
194
-
health
825
752
1 835
-
pensions
2 737
2 496
6 090
-
accident
283
258
631
-
unemployment
654
596
1 456
-
surtax
-
-
-
-
payroll
654
596
1 456
-
other
1 036
944
2 305
-
total
6 276
5 722
13 967
-
Corporate
34 416
36 896
46 639
-
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.

8 604
9 224
11 660
-
total
8 604
9 224
11 660
-
Dividends
25 812
27 672
-
-
withholding
7 098
7 610
-
-
total
7 098
7 610
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 870
27 624
45 145
31 150
After tax
34 630
34 876
17 355
31 350
Living cost
15 917
15 917
15 917
15 917
Free-cash
18 713
18 959
1 438
15 433

Estimated living cost  is ₴15917 per week

₴9548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
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.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53110
₴43735
₴55610
₴51936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 831
-
62 500
-
income
1 566
-
12 500
-
total
1 566
-
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%.

54 669
62 500
-
-
total
-
-
-
-
Dividends
54 669
62 500
-
-
withholding
2 733
3 125
-
-
total
2 733
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
4 299
3 125
12 500
625
After tax
58 201
59 375
50 000
61 875
Living cost
6 265
6 265
6 265
6 265
Free-cash
51 936
53 110
43 735
55 610

Estimated living cost  is ₴6265 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29649
₴16610
₴18401
₴25477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 059
unemployment
-
-
-
94
health
-
-
-
6 150
pensions
-
-
-
11 414
total
-
-
-
30 717
Employee

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

22 061
-
54 081
-
unemployment
31
-
76
-
pensions
3 420
-
8 383
-
income
3 804
-
12 136
-
health
1 425
-
3 494
-
total
8 680
-
24 089
-
Employer

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

22 061
-
54 081
-
health
1 469
-
3 601
-
pensions
1 952
-
4 786
-
unemployment
13
-
32
-
total
3 434
-
8 419
-
Corporate
37 004
62 500
-
-
income
7 031
11 875
-
-
total
7 031
11 875
-
-
Dividends
29 973
50 625
-
-
withholding
4 496
7 594
-
-
total
4 496
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 641
19 469
32 508
30 717
After tax
38 859
43 031
29 992
31 783
Living cost
13 382
13 382
13 382
13 382
Free-cash
25 477
29 649
16 610
18 401

Estimated living cost  is ₴13382 per week

₴9184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
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.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴16712
₴34689
₴21879
-₴11149
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 560
-
-
-
social contributions
2 506
-
357
-
income
6 741
-
-
-
total
9 247
-
357
-
Employer
30 560
-
-
-
social contributions
43 089
-
6 141
-
total
43 089
-
6 141
-
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
52 336
24 475
6 498
19 308
After tax
10 164
38 025
56 002
43 192
Living cost
21 313
21 313
21 313
21 313
Free-cash
-11 149
16 712
34 689
21 879

Estimated living cost  is ₴21313 per week

₴13829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19901
₴14714
₴18672
₴19398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 460
surtax
-
-
-
-
social contributions

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

-
-
-
21 719
total
-
-
-
28 179
Employee
22 945
-
50 505
-
surtax
-
-
-
-
social contributions
2 524
-
5 556
-
income
4 773
-
14 587
-
total
7 297
-
20 143
-
Employer
22 945
-
50 505
-
social contributions
5 450
-
11 994
-
total
5 450
-
11 994
-
Corporate
34 105
62 500
-
-
income
7 162
13 125
-
-
surtax
-
-
-
-
total
7 162
13 125
-
-
Dividends
26 943
49 375
-
-
withholding
7 544
13 825
-
-
total
7 544
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 453
26 950
32 137
28 179
After tax
35 047
35 550
30 363
34 321
Living cost
15 649
15 649
15 649
15 649
Free-cash
19 398
19 901
14 714
18 672

Estimated living cost  is ₴15649 per week

₴11709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7403
₴13081
₴11536
₴10833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 736
other
-
-
-
1 937
surtax
-
-
-
-
social contributions
-
-
-
1 781
health
-
-
-
1 851
pensions
-
-
-
13 563
total
-
-
-
26 868
Employee
31 247
-
49 820
-
pensions
3 534
-
2 851
-
surtax
-
-
-
-
social contributions
890
-
1 420
-
income
2 726
-
8 372
-
total
7 150
-
12 643
-
Employer
31 247
-
49 820
-
health
2 187
-
3 884
-
pensions
5 134
-
4 910
-
unemployment
1 266
-
2 018
-
social contributions
94
-
150
-
other
1 078
-
1 718
-
total
9 759
-
12 680
-
Corporate
21 494
62 500
-
-
income
6 019
17 500
-
-
surtax
-
-
-
-
total
6 019
17 500
-
-
Dividends
15 475
45 000
-
-
surtax
-
-
-
-
social contributions
2 662
7 741
-
-
withholding
1 981
5 760
-
-
total
4 643
13 501
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 571
31 001
25 323
26 868
After tax
34 929
31 499
37 177
35 632
Living cost
24 096
24 096
24 096
24 096
Free-cash
10 833
7 403
13 081
11 536

Estimated living cost  is ₴24096 per week

₴16308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41253
₴33569
₴31907
₴39577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 845
social contributions
-
-
-
13 751
total
-
-
-
15 596
Employee
16 039
-
54 113
-
income
-
-
2 030
-
social contributions
1 042
-
3 517
-
total
1 042
-
5 547
-
Employer
16 039
-
54 113
-
social contributions
2 486
-
8 387
-
total
2 486
-
8 387
-
Corporate
43 975
62 500
-
-
income
4 398
6 250
-
-
total
4 398
6 250
-
-
Dividends
39 577
56 250
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
7 926
6 250
13 934
15 596
After tax
54 574
56 250
48 566
46 904
Living cost
14 997
14 997
14 997
14 997
Free-cash
39 577
41 253
33 569
31 907

Estimated living cost  is ₴14997 per week

₴9697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴46204
-₴46204
₴13989
-₴46204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
labour market
-
-
-
4 965
municipal
-
-
-
12 265
national
-
-
-
6 821
pensions
-
-
-
432
total
-
-
-
24 483
Employee
101 418
101 418
101 418
-
municipal
21 596
21 596
21 596
-
labour market
8 102
8 102
8 102
-
pensions
144
144
144
-
national
12 390
12 390
12 390
-
total
42 232
42 232
42 232
-
Employer
101 418
101 418
101 418
-
national
12 412
12 412
12 412
-
labour market
8 113
8 113
8 113
-
pensions
288
288
288
-
municipal
21 631
21 631
21 631
-
total
42 444
42 444
42 444
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
84 676
84 676
84 676
24 483
After tax
-22 176
-22 176
-22 176
38 017
Living cost
24 028
24 028
24 028
24 028
Free-cash
-46 204
-46 204
-46 204
13 989

Estimated living cost  is ₴24028 per week

₴16445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5910
₴22040
₴31849
₴3379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
16 153
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
19 679
Employee
17 259
-
54 671
-
pensions
1 944
-
3 862
-
income
2 368
-
11 537
-
health
1 976
-
6 260
-
total
6 288
-
21 659
-
Employer
17 259
-
54 671
-
pensions
2 806
-
5 577
-
accident
288
-
913
-
unemployment
423
-
1 339
-
total
3 517
-
7 829
-
Corporate
41 723
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.

37 551
56 250
-
-
total
37 551
56 250
-
-
Dividends
4 172
6 250
-
-
withholding
793
1 188
-
-
total
793
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 149
57 438
29 488
19 679
After tax
14 351
5 062
33 012
42 821
Living cost
10 972
10 972
10 972
10 972
Free-cash
3 379
-5 910
22 040
31 849

Estimated living cost  is ₴10972 per week

₴7986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21438
₴15246
₴23815
₴21532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
755
municipal
-
-
-
11 114
national
-
-
-
7 662
total
-
-
-
19 531
Employee
26 248
-
52 578
-
municipal
4 299
-
8 575
-
unemployment
394
-
789
-
pensions
1 771
-
3 549
-
national
434
-
4 664
-
health
196
-
601
-
total
7 094
-
18 178
-
Employer
26 248
-
52 578
-
health
202
-
405
-
pensions
4 554
-
9 122
-
accident
27
-
53
-
unemployment
170
-
342
-
total
4 953
-
9 922
-
Corporate
31 299
62 500
-
-
income
6 260
12 500
-
-
total
6 260
12 500
-
-
Dividends

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

18 780
37 500
-
-
municipal
3 380
6 750
-
-
national
127
2 658
-
-
total
3 507
9 408
-
-
Income
62 500
62 500
62 500
62 500
Total tax
21 814
21 908
28 100
19 531
After tax
40 686
40 592
34 400
42 969
Living cost
19 154
19 154
19 154
19 154
Free-cash
21 532
21 438
15 246
23 815

Estimated living cost  is ₴19154 per week

₴12511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34126
₴31575
₴32241
₴31413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 043
social contributions
-
-
-
8 072
health
-
-
-
1 593
total
-
-
-
18 708
Employee
38 363
38 363
57 148
-
social contributions
1 450
3 184
4 294
-
income
4 177
3 551
8 757
-
health
297
652
971
-
total
5 924
7 387
14 022
-
Employer
38 363
38 363
57 148
-
health
323
710
1 058
-
social contributions
1 450
3 184
4 294
-
total
1 773
3 894
5 352
-
Corporate
43 251
20 243
-
-
income
5 406
2 531
-
-
total
5 406
2 531
-
-
Dividends
37 845
17 712
-
-
withholding
6 433
3 011
-
-
total
6 433
3 011
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 536
16 823
19 374
18 708
After tax
42 964
45 677
43 126
43 792
Living cost
11 551
11 551
11 551
11 551
Free-cash
31 413
34 126
31 575
32 241

Estimated living cost  is ₴11551 per week

₴6923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43835
₴33427
₴43437
₴41297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 149
unemployment
-
-
-
14
health
-
-
-
1 805
pensions
-
-
-
3 174
total
-
-
-
11 142
Employee

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

11 451
-
57 624
-
unemployment
57
-
237
-
pensions
1 717
-
7 101
-
income
783
-
4 913
-
health
973
-
4 024
-
total
3 530
-
16 275
-
Employer

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

11 451
-
57 624
-
health
492
-
2 036
-
pensions
630
-
2 604
-
unemployment
57
-
237
-
total
1 179
-
4 877
-
Corporate
49 870
62 500
-
-
income
4 489
5 625
-
-
total
4 489
5 625
-
-
Dividends
45 381
56 875
-
-
withholding
4 084
5 119
-
-
total
4 084
5 119
-
-
Income
62 500
62 500
62 500
62 500
Total tax
13 282
10 744
21 152
11 142
After tax
49 218
51 756
41 348
51 358
Living cost
7 921
7 921
7 921
7 921
Free-cash
41 297
43 835
33 427
43 437

Estimated living cost  is ₴7921 per week

₴5054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
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.
₴2060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28248
₴18587
₴20986
₴25747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
13 922
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 086
total
-
-
-
27 795
Employee
18 447
-
47 758
-
other
18
-
46
-
unemployment
286
-
717
-
pensions
867
-
2 174
-
income
3 556
-
12 515
-
total
4 727
-
15 452
-
Employer
18 447
-
47 758
-
pensions
4 353
-
10 913
-
accident
365
-
916
-
unemployment
1 015
-
2 543
-
other
148
-
370
-
total
5 881
-
14 742
-
Corporate
38 172
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.

5 726
9 375
-
-
total
5 726
9 375
-
-
Dividends
32 446
53 125
-
-
withholding
6 700
11 158
-
-
total
6 700
11 158
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 034
20 533
30 194
27 795
After tax
39 466
41 967
32 306
34 705
Living cost
13 719
13 719
13 719
13 719
Free-cash
25 747
28 248
18 587
20 986

Estimated living cost  is ₴13719 per week

₴9260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
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.
₴2900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37990
₴38950
₴39022
₴37824
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 197
health
-
-
-
534
pensions
-
-
-
737
total
-
-
-
22 468
Employee
1 539
-
61 671
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
21 158
-
health
77
-
184
-
total
529
-
21 711
-
Employer
1 539
-
61 671
-
health
146
-
350
-
pensions
169
-
405
-
unemployment
31
-
74
-
total
346
-
829
-
Corporate
60 615
62 500
-
-
income
13 335
13 750
-
-
total
13 335
13 750
-
-
Dividends
47 279
48 750
-
-
withholding
9 456
9 750
-
-
total
9 456
9 750
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 666
23 500
22 540
22 468
After tax
38 834
39 000
39 960
40 032
Living cost
1 010
1 010
1 010
1 010
Free-cash
37 824
37 990
38 950
39 022

Estimated living cost  is ₴1010 per week

₴600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36528
₴26393
₴26394
₴34074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 541
unemployment
-
-
-
553
health
-
-
-
3 798
pensions
-
-
-
9 586
total
-
-
-
27 478
Employee

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

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

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

13 010
-
55 900
-
unemployment
98
-
277
-
pensions
1 821
-
5 162
-
income
1 793
-
13 541
-
health
670
-
1 899
-
total
4 382
-
20 879
-
Employer

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

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

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

13 010
-
55 900
-
health
670
-
1 899
-
pensions
1 561
-
4 424
-
unemployment
98
-
277
-
total
2 329
-
6 600
-
Corporate
47 161
62 500
-
-
income
7 074
9 375
-
-
total
7 074
9 375
-
-
Dividends
40 087
53 125
-
-
withholding
6 013
7 969
-
-
total
6 013
7 969
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 798
17 344
27 479
27 478
After tax
42 702
45 156
35 021
35 022
Living cost
8 628
8 628
8 628
8 628
Free-cash
34 074
36 528
26 393
26 394

Estimated living cost  is ₴8628 per week

₴5809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22100
₴16913
₴20871
₴21921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 460
surtax
-
-
-
-
social contributions

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

-
-
-
21 719
total
-
-
-
28 179
Employee
19 363
-
50 505
-
surtax
-
-
-
-
social contributions
2 130
-
5 556
-
income
3 783
-
14 587
-
total
5 913
-
20 143
-
Employer
19 363
-
50 505
-
social contributions
4 598
-
11 994
-
total
4 598
-
11 994
-
Corporate
38 538
62 500
-
-
income
8 093
13 125
-
-
surtax
-
-
-
-
total
8 093
13 125
-
-
Dividends
30 445
49 375
-
-
withholding
8 525
13 825
-
-
total
8 525
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 129
26 950
32 137
28 179
After tax
35 371
35 550
30 363
34 321
Living cost
13 450
13 450
13 450
13 450
Free-cash
21 921
22 100
16 913
20 871

Estimated living cost  is ₴13450 per week

₴9526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24433
₴14772
₴17171
₴20744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
13 922
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 086
total
-
-
-
27 795
Employee
24 095
-
47 758
-
other
24
-
46
-
unemployment
373
-
717
-
pensions
1 132
-
2 174
-
income
5 032
-
12 515
-
total
6 561
-
15 452
-
Employer
24 095
-
47 758
-
pensions
5 686
-
10 913
-
accident
477
-
916
-
unemployment
1 325
-
2 543
-
other
193
-
370
-
total
7 681
-
14 742
-
Corporate
30 724
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.

4 609
9 375
-
-
total
4 609
9 375
-
-
Dividends
26 115
53 125
-
-
withholding
5 371
11 158
-
-
total
5 371
11 158
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 222
20 533
30 194
27 795
After tax
38 278
41 967
32 306
34 705
Living cost
17 534
17 534
17 534
17 534
Free-cash
20 744
24 433
14 772
17 171

Estimated living cost  is ₴17534 per week

₴12592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
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.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44853
₴42063
₴39887
₴41812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
2 004
pensions

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

-
-
-
2 580
total
-
-
-
14 029
Employee
11 367
-
59 080
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

998
-
1 530
-
income
1 137
-
5 908
-
health
523
-
802
-
total
2 783
-
8 432
-
Employer
11 367
-
59 080
-
health
784
-
1 203
-
pensions

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

1 253
-
1 921
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 230
-
3 421
-
Corporate
48 903
62 500
-
-
income
4 890
6 250
-
-
total
4 890
6 250
-
-
Dividends
44 013
56 250
-
-
withholding
2 201
2 813
-
-
total
2 201
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 104
9 063
11 853
14 029
After tax
50 396
53 437
50 647
48 471
Living cost
8 584
8 584
8 584
8 584
Free-cash
41 812
44 853
42 063
39 887

Estimated living cost  is ₴8584 per week

₴5677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12946
₴22418
₴16778
₴19473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
16 505
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.

-
-
-
908
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.

-
-
-
3 408
trade
-
-
-
5 640
total
-
-
-
26 461
Employee

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

24 823
-
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.

113
-
908
-
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.

2 041
-
16 505
-
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.

3 408
-
3 408
-
total
5 562
-
20 821
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 677
62 500
-
-
income
5 651
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.

311
516
-
-
chamber of commerce
131
168
-
-
trade
5 407
8 969
-
-
total
11 500
19 028
-
-
Dividends
26 177
43 473
-
-
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.

349
587
-
-
withholding
6 355
10 678
-
-
total
6 704
11 265
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 766
30 293
20 821
26 461
After tax
38 734
32 207
41 679
36 039
Living cost
19 261
19 261
19 261
19 261
Free-cash
19 473
12 946
22 418
16 778

Estimated living cost  is ₴19261 per week

₴13287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2072
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.
₴3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15330
₴11502
₴11502
₴16433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 754
social contributions
-
-
-
5 825
total
-
-
-
22 579
Employee
39 025
-
62 500
-
income
7 364
-
16 754
-
social contributions
3 242
-
5 825
-
total
10 606
-
22 579
-
Employer
39 025
-
62 500
-
total
-
-
-
-
Corporate
23 475
62 500
-
-
income
2 934
7 813
-
-
total
2 934
7 813
-
-
Dividends
20 541
54 687
-
-
withholding
4 108
10 938
-
-
total
4 108
10 938
-
-
Income
62 500
62 500
62 500
62 500
Total tax
17 648
18 751
22 579
22 579
After tax
44 852
43 749
39 921
39 921
Living cost
28 419
28 419
28 419
28 419
Free-cash
16 433
15 330
11 502
11 502

Estimated living cost  is ₴28419 per week

₴21621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19879
₴27878
₴27166
₴21623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 201
health

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

-
-
-
3 023
total
-
-
-
17 224
Employee
22 887
-
60 205
-
income
2 483
-
11 922
-
social contributions
2 293
-
2 295
-
total
4 776
-
14 217
-
Employer
22 887
-
60 205
-
social contributions
2 293
-
2 295
-
total
2 293
-
2 295
-
Corporate
37 320
62 500
-
-
income
13 062
21 875
-
-
total
13 062
21 875
-
-
Dividends
24 258
40 625
-
-
social contributions
2 636
2 636
-
-
total
2 636
2 636
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 767
24 511
16 512
17 224
After tax
39 733
37 989
45 988
45 276
Living cost
18 110
18 110
18 110
18 110
Free-cash
21 623
19 879
27 878
27 166

Estimated living cost  is ₴18110 per week

₴11929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴25078
₴18967
₴24768
₴25388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 126
pensions
-
-
-
3 993
total
-
-
-
19 119
Employee
25 549
-
54 836
-
pensions
1 950
-
5 100
-
income
4 653
-
11 260
-
health
333
-
895
-
total
6 936
-
17 255
-
Employer
25 549
-
54 836
-
health
486
-
1 042
-
pensions
2 581
-
6 623
-
total
3 067
-
7 665
-
Corporate
33 884
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.

6 438
11 874
-
-
total
6 438
11 874
-
-
Dividends
27 446
50 626
-
-
withholding
2 058
6 935
-
-
total
2 058
6 935
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 499
18 809
24 920
19 119
After tax
44 001
43 691
37 580
43 381
Living cost
18 613
18 613
18 613
18 613
Free-cash
25 388
25 078
18 967
24 768

Estimated living cost  is ₴18613 per week

₴12768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1712
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.
₴3899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6996
₴20954
₴30763
₴3212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
16 153
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
19 679
Employee
18 968
-
54 671
-
pensions
2 136
-
3 862
-
income
2 602
-
11 537
-
health
2 172
-
6 260
-
total
6 910
-
21 659
-
Employer
18 968
-
54 671
-
pensions
3 084
-
5 577
-
accident
317
-
913
-
unemployment
465
-
1 339
-
total
3 866
-
7 829
-
Corporate
39 667
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.

35 700
56 250
-
-
total
35 700
56 250
-
-
Dividends
3 967
6 250
-
-
withholding
754
1 188
-
-
total
754
1 188
-
-
Income
62 500
62 500
62 500
62 500
Total tax
47 230
57 438
29 488
19 679
After tax
15 270
5 062
33 012
42 821
Living cost
12 058
12 058
12 058
12 058
Free-cash
3 212
-6 996
20 954
30 763

Estimated living cost  is ₴12058 per week

₴8849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45854
₴34868
₴28652
₴43520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 921
unemployment
-
-
-
750
work injury
-
-
-
312
health insurance
-
-
-
4 625
pensions
-
-
-
11 500
total
-
-
-
27 108
Employee

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

10 784
-
62 500
-
health insurance
798
-
2 952
-
unemployment
129
-
479
-
work injury
54
-
199
-
pensions
1 984
-
7 341
-
income
1 078
-
9 921
-
total
4 043
-
20 892
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 716
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%.

517
625
-
-
total
517
625
-
-
Dividends
51 199
61 875
-
-
withholding
7 680
9 281
-
-
total
7 680
9 281
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 240
9 906
20 892
27 108
After tax
50 260
52 594
41 608
35 392
Living cost
6 740
6 740
6 740
6 740
Free-cash
43 520
45 854
34 868
28 652

Estimated living cost  is ₴6740 per week

₴4175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13046
₴7751
₴10609
₴10776
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 365
municipal
-
-
-
418
national
-
-
-
14 158
total
-
-
-
32 016
Employee
42 040
-
62 500
-
municipal
251
-
373
-
national
7 104
-
12 258
-
regional
635
-
1 168
-
social contributions
14 176
-
21 075
-
total
22 166
-
34 874
-
Employer
42 040
-
62 500
-
total
-
-
-
-
Corporate
20 460
62 500
-
-
municipal
987
3 013
-
-
nationa
4 910
15 000
-
-
total
5 897
18 013
-
-
Dividends
14 563
44 487
-
-
withholding
3 786
11 566
-
-
total
3 786
11 566
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 849
29 579
34 874
32 016
After tax
30 651
32 921
27 626
30 484
Living cost
19 875
19 875
19 875
19 875
Free-cash
10 776
13 046
7 751
10 609

Estimated living cost  is ₴19875 per week

₴13961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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