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
₴18645
₴23356
₴21047
₴27773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
trade
-
-
-
6 726
income

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

-
-
-
17 933
health

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

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

-
-
-
2 909
surtax

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

-
-
-
987
total
-
-
-
28 555
Employee

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

16 287
-
62 500
-
health

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

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

2 909
-
2 909
-
surtax

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

25
-
987
-
income

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

455
-
17 933
-
total
3 389
-
21 829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 213
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.

381
516
-
-
income
6 932
9 375
-
-
trade
7 278
9 844
-
-
chamber of commerce
131
154
-
-
total
14 722
19 889
-
-
Dividends
31 490
42 611
-
-
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.

424
577
-
-
withholding
7 711
10 491
-
-
total
8 135
11 068
-
-
Income
62 500
62 500
62 500
62 500
Total tax
26 246
30 957
21 829
28 555
After tax
36 254
31 543
40 671
33 945
Living cost
12 898
12 898
12 898
12 898
Free-cash
23 356
18 645
27 773
21 047

Estimated living cost  is ₴12898 per week

₴8113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴17545
₴17188
₴15634
₴16126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
municipal
-
-
-
6 761
pensions
-
-
-
7 500
national
-
-
-
10 478
social contributions
-
-
-
672
total
-
-
-
25 411
Employee
33 259
-
54 031
-
municipal
4 108
-
7 003
-
pensions
1 330
-
2 161
-
national
6 366
-
10 852
-
total
11 804
-
20 016
-
Employer
33 259
-
54 031
-
social contributions
358
-
581
-
pensions
2 661
-
4 322
-
total
3 019
-
4 903
-
Corporate
24 027
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%.

4 805
12 500
-
-
total
4 805
12 500
-
-
Dividends
19 222
50 000
-
-
withholding
4 229
11 000
-
-
total
4 229
11 000
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 857
23 500
24 919
25 411
After tax
38 643
39 000
37 581
37 089
Living cost
21 455
21 455
21 455
21 455
Free-cash
17 188
17 545
16 126
15 634

Estimated living cost  is ₴21455 per week

₴14583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴41141
₴37648
₴11251
₴29357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
10 138
surtax
-
-
-
15 937
social contributions

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

-
-
-
16 315
total
-
-
-
42 390
Employee
12 443
-
44 581
-
social contributions

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

1 369
-
4 904
-
surtax
-
-
-
-
income
2 215
-
8 640
-
total
3 584
-
13 544
-
Employer
12 443
-
44 581
-
social contributions

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

2 997
-
10 740
-
surtax
-
-
-
-
total
2 997
-
10 740
-
Corporate
47 060
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%.

9 412
12 500
-
-
total
9 412
12 500
-
-
Dividends

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

37 648
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
15 993
12 500
24 284
42 390
After tax
46 507
50 000
38 216
20 110
Living cost
8 859
8 859
8 859
8 859
Free-cash
37 648
41 141
29 357
11 251

Estimated living cost  is ₴8859 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴12919
₴10310
₴17537
₴19852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 885
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
27 125
Employee
36 363
36 363
54 587
-
health
5 581
4 747
5 251
-
income

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

5 952
5 952
6 656
-
pensions
6 545
4 989
4 989
-
total
18 078
15 688
16 896
-
Employer
36 363
36 363
54 587
-
unemployment
1 309
1 309
1 627
-
pensions
2 531
2 531
3 146
-
health
2 528
2 528
3 141
-
total
6 368
6 368
7 914
-
Corporate
20 216
19 770
-
-
income
4 043
3 954
-
-
total
4 043
3 954
-
-
Dividends
16 173
15 816
-
-
income
3 437
3 361
-
-
withholding
2 426
2 372
-
-
total
5 863
5 733
-
-
Income
62 500
62 500
62 500
62 500
Total tax
34 352
31 743
24 810
27 125
After tax
28 148
30 757
37 690
35 375
Living cost
17 838
17 838
17 838
17 838
Free-cash
10 310
12 919
19 852
17 537

Estimated living cost  is ₴17838 per week

₴12641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴17714
₴17346
₴16297
₴15897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
municipal
-
-
-
15 530
accident
-
-
-
72
pensions
-
-
-
3 888
other
-
-
-
4 179
unemployment
-
-
-
36
health
-
-
-
2 244
national
-
-
-
3 843
total
-
-
-
29 792
Employee
23 384
-
51 199
-
municipal
6 973
-
15 268
-
national
-
-
3 623
-
total
6 973
-
18 891
-
Employer
23 384
-
51 199
-
accident
47
-
72
-
other
2 717
-
4 179
-
unemployment
617
-
950
-
pensions
2 528
-
3 888
-
health
1 438
-
2 212
-
total
7 347
-
11 301
-
Corporate
31 769
62 500
-
-
income
6 989
13 750
-
-
total
6 989
13 750
-
-
Dividends
24 780
48 750
-
-
withholding
7 434
14 625
-
-
total
7 434
14 625
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 743
28 375
30 192
29 792
After tax
33 757
34 125
32 308
32 708
Living cost
16 411
16 411
16 411
16 411
Free-cash
17 346
17 714
15 897
16 297

Estimated living cost  is ₴16411 per week

₴10876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴14493
₴20476
₴16919
₴23943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
trade
-
-
-
7 024
income

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

-
-
-
17 933
health

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

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

-
-
-
2 909
surtax

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

-
-
-
987
total
-
-
-
28 853
Employee

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

21 594
-
62 500
-
health

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

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

2 909
-
2 909
-
surtax

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

102
-
987
-
income

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

1 855
-
17 933
-
total
4 866
-
21 829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 906
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.

338
516
-
-
income
6 136
9 375
-
-
trade
6 729
10 281
-
-
chamber of commerce
123
154
-
-
total
13 326
20 326
-
-
Dividends
27 581
42 175
-
-
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.

370
571
-
-
withholding
6 734
10 382
-
-
total
7 104
10 953
-
-
Income
62 500
62 500
62 500
62 500
Total tax
25 296
31 279
21 829
28 853
After tax
37 204
31 221
40 671
33 647
Living cost
16 728
16 728
16 728
16 728
Free-cash
20 476
14 493
23 943
16 919

Estimated living cost  is ₴16728 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴31823
₴30058
₴29533
₴28952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 672
health
-
-
-
1 594
social contributions
-
-
-
6 890
total
-
-
-
19 156
Employee
32 743
32 743
57 766
-
social contributions
1 591
2 718
3 665
-
health
326
557
982
-
income
3 438
3 031
10 357
-
total
5 355
6 306
15 004
-
Employer
32 743
32 743
57 766
-
social contributions
1 591
2 718
3 665
-
health
355
606
1 068
-
total
1 946
3 324
4 733
-
Corporate
41 388
26 433
-
-
income
5 173
3 304
-
-
total
5 173
3 304
-
-
Dividends
36 215
23 129
-
-
withholding
6 157
3 932
-
-
total
6 157
3 932
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 631
16 866
19 737
19 156
After tax
43 869
45 634
42 763
43 344
Living cost
13 811
13 811
13 811
13 811
Free-cash
30 058
31 823
28 952
29 533

Estimated living cost  is ₴13811 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴27381
₴27544
₴35542
₴28477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 250
unemployment
-
-
-
938
health
-
-
-
4 375
total
-
-
-
19 204
Employee

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

The minimum wage is 138,000 HUF per month.

11 192
4 454
52 301
-
health
783
312
3 661
-
income
1 368
545
6 394
-
pensions
1 119
445
5 230
-
unemployment
168
67
785
-
total
3 438
1 369
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.

11 192
4 454
52 301
-
pensions
2 183
869
10 199
-
total
2 183
869
10 199
-
Corporate
49 125
57 177
-
-
income
4 421
5 146
-
-
total
4 421
5 146
-
-
Dividends
44 704
52 031
-
-
social contributions
8 666
10 095
-
-
withholding
8 494
9 886
-
-
total
17 160
19 981
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 202
27 365
26 269
19 204
After tax
35 298
35 135
36 231
43 296
Living cost
7 754
7 754
7 754
7 754
Free-cash
27 544
27 381
28 477
35 542

Estimated living cost  is ₴7754 per week

₴5291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴39715
₴37069
₴23215
₴25740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 500
health
-
-
-
8 125
total
-
-
-
29 000
Employee
12 080
-
46 712
-
income
1 360
-
9 006
-
pensions
242
-
934
-
unemployment
193
-
747
-
total
1 795
-
10 687
-
Employer
12 080
-
46 712
-
unemployment
97
-
373
-
pensions
2 416
-
9 342
-
health
1 570
-
6 073
-
total
4 083
-
15 788
-
Corporate
46 337
62 500
-
-
income
9 268
12 500
-
-
total
9 268
12 500
-
-
Dividends
37 069
50 000
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
15 146
12 500
26 475
29 000
After tax
47 354
50 000
36 025
33 500
Living cost
10 285
10 285
10 285
10 285
Free-cash
37 069
39 715
25 740
23 215

Estimated living cost  is ₴10285 per week

₴7054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴4213
₴3639
₴33492
₴24260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
income
-
-
-
16 796
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
19 732
Employee
14 592
-
55 565
-
health
1 671
-
6 362
-
income
2 002
-
12 451
-
pensions
1 643
-
3 217
-
total
5 316
-
22 030
-
Employer
14 592
-
55 565
-
accident
244
-
928
-
unemployment
357
-
1 361
-
pensions
2 373
-
4 645
-
total
2 974
-
6 934
-
Corporate
44 934
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.

40 441
56 250
-
-
total
40 441
56 250
-
-
Dividends
4 493
6 250
-
-
withholding
854
1 187
-
-
total
854
1 187
-
-
Income
62 500
62 500
62 500
62 500
Total tax
49 585
57 437
28 964
19 732
After tax
12 915
5 063
33 536
42 768
Living cost
9 276
9 276
9 276
9 276
Free-cash
3 639
-4 213
24 260
33 492

Estimated living cost  is ₴9276 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴55488
₴54759
₴57988
₴46113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
microenterprise

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

-
-
-
625
total
-
-
-
625
Employee
4 858
-
62 500
-
income
972
-
12 500
-
total
972
-
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%.

57 642
62 500
-
-
total
-
-
-
-
Dividends
57 642
62 500
-
-
withholding
2 882
3 125
-
-
total
2 882
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
3 854
3 125
12 500
625
After tax
58 646
59 375
50 000
61 875
Living cost
3 887
3 887
3 887
3 887
Free-cash
54 759
55 488
46 113
57 988

Estimated living cost  is ₴3887 per week

₴2409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴34573
₴31697
₴21791
₴24379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 644
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
other
-
-
-
2 969
health
-
-
-
2 750
total
-
-
-
29 363
Employee
15 461
-
49 921
-
health
217
-
699
-
income
2 662
-
9 505
-
pensions

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

1 082
-
3 494
-
unemployment
154
-
499
-
total
4 115
-
14 197
-
Employer
15 461
-
49 921
-
accident
124
-
399
-
other
773
-
2 495
-
unemployment
154
-
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.

2 629
-
8 486
-
health
217
-
699
-
total
3 897
-
12 578
-
Corporate
43 143
62 500
-
-
income
9 060
13 125
-
-
total
9 060
13 125
-
-
Dividends
34 083
49 375
-
-
withholding
2 385
3 456
-
-
total
2 385
3 456
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 457
16 581
26 775
29 363
After tax
43 043
45 919
35 725
33 137
Living cost
11 346
11 346
11 346
11 346
Free-cash
31 697
34 573
24 379
21 791

Estimated living cost  is ₴11346 per week

₴8017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴13597
₴12189
₴13699
₴7969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 462
pensions
-
-
-
3 602
total
-
-
-
20 064
Employee
40 659
-
54 719
-
health
670
-
844
-
income
7 329
-
12 642
-
pensions
3 923
-
4 527
-
total
11 922
-
18 013
-
Employer
40 659
-
54 719
-
pensions
4 801
-
6 741
-
health
772
-
1 040
-
total
5 573
-
7 781
-
Corporate
16 268
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.

3 091
11 875
-
-
total
3 091
11 875
-
-
Dividends
13 177
50 625
-
-
withholding
988
8 291
-
-
total
988
8 291
-
-
Income
62 500
62 500
62 500
62 500
Total tax
21 574
20 166
25 794
20 064
After tax
40 926
42 334
36 706
42 436
Living cost
28 737
28 737
28 737
28 737
Free-cash
12 189
13 597
7 969
13 699

Estimated living cost  is ₴28737 per week

₴21534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴47850
₴45872
₴43563
₴45879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
13 350
Employee
7 398
-
59 580
-
health
340
-
685
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
income
740
-
5 958
-
pensions

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

650
-
1 307
-
total
1 811
-
8 114
-
Employer
7 398
-
59 580
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
pensions

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

815
-
1 640
-
health
511
-
1 027
-
total
1 451
-
2 920
-
Corporate
53 651
62 500
-
-
income
5 365
6 250
-
-
total
5 365
6 250
-
-
Dividends
48 286
56 250
-
-
withholding
2 414
2 813
-
-
total
2 414
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
11 041
9 063
11 034
13 350
After tax
51 459
53 437
51 466
49 150
Living cost
5 587
5 587
5 587
5 587
Free-cash
45 872
47 850
45 879
43 563

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴7145
₴8217
₴11763
₴14078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 885
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
27 125
Employee
39 478
36 363
54 587
-
health
4 925
4 747
5 251
-
income

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

5 952
5 952
6 656
-
pensions
4 989
4 989
4 989
-
total
15 866
15 688
16 896
-
Employer
39 478
36 363
54 587
-
unemployment
1 421
1 309
1 627
-
pensions
2 747
2 531
3 146
-
health
2 743
2 528
3 141
-
total
6 911
6 368
7 914
-
Corporate
16 109
19 770
-
-
income
3 222
3 954
-
-
total
3 222
3 954
-
-
Dividends
12 888
15 816
-
-
income
2 739
3 361
-
-
withholding
1 933
2 372
-
-
total
4 672
5 733
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 671
31 743
24 810
27 125
After tax
31 829
30 757
37 690
35 375
Living cost
23 612
23 612
23 612
23 612
Free-cash
8 217
7 145
14 078
11 763

Estimated living cost  is ₴23612 per week

₴17418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴32822
₴29179
₴23258
₴21507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 906
health
-
-
-
8 437
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
29 033
Employee
15 013
-
46 642
-
social contributions
976
-
3 032
-
health
2 027
-
6 297
-
solidarity contribution
-
-
-
-
income
1 802
-
5 597
-
total
4 805
-
14 926
-
Employer
15 013
-
46 642
-
social contributions
3 753
-
11 660
-
health
1 351
-
4 198
-
total
5 104
-
15 858
-
Corporate
42 383
62 500
-
-
income
8 053
11 875
-
-
total
8 053
11 875
-
-
Dividends
34 330
50 625
-
-
withholding
5 150
7 594
-
-
total
5 150
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 112
19 469
30 784
29 033
After tax
39 388
43 031
31 716
33 467
Living cost
10 209
10 209
10 209
10 209
Free-cash
29 179
32 822
21 507
23 258

Estimated living cost  is ₴10209 per week

₴7091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴15379
₴13156
₴12634
₴9721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
municipal
-
-
-
372
regional
-
-
-
724
national
-
-
-
14 727
social contributions
-
-
-
16 075
total
-
-
-
31 898
Employee
37 844
-
62 500
-
social contributions
12 761
-
21 075
-
regional
357
-
638
-
municipal
200
-
331
-
national
6 557
-
12 767
-
total
19 875
-
34 811
-
Employer
37 844
-
62 500
-
total
-
-
-
-
Corporate
24 656
62 500
-
-
nationa
5 917
15 000
-
-
municipal
962
2 437
-
-
total
6 879
17 437
-
-
Dividends
17 777
45 063
-
-
withholding
4 622
11 716
-
-
total
4 622
11 716
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 376
29 153
34 811
31 898
After tax
31 124
33 347
27 689
30 602
Living cost
17 968
17 968
17 968
17 968
Free-cash
13 156
15 379
9 721
12 634

Estimated living cost  is ₴17968 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴29917
₴28591
₴20263
₴18495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 171
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 172
total
-
-
-
32 841
Employee
14 081
-
51 631
-
other
-
-
-
-
health
360
-
1 317
-
surtax
46
-
1 893
-
income
2 360
-
13 495
-
pensions
939
-
3 444
-
unemployment
980
-
3 593
-
total
4 685
-
23 742
-
Employer
14 081
-
51 631
-
other
-
-
-
-
unemployment
446
-
1 636
-
pensions
1 877
-
6 882
-
health
641
-
2 349
-
total
2 964
-
10 867
-
Corporate
45 455
62 500
-
-
income
11 818
16 250
-
-
total
11 818
16 250
-
-
Dividends
33 637
46 250
-
-
withholding
5 046
6 937
-
-
total
5 046
6 937
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 513
23 187
34 609
32 841
After tax
37 987
39 313
27 891
29 659
Living cost
9 396
9 396
9 396
9 396
Free-cash
28 591
29 917
18 495
20 263

Estimated living cost  is ₴9396 per week

₴5745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴22701
₴23813
₴22803
₴17073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 462
pensions
-
-
-
3 602
total
-
-
-
20 064
Employee
27 249
-
54 719
-
health
396
-
844
-
income
4 908
-
12 642
-
pensions
2 313
-
4 527
-
total
7 617
-
18 013
-
Employer
27 249
-
54 719
-
pensions
2 950
-
6 741
-
health
518
-
1 040
-
total
3 468
-
7 781
-
Corporate
31 784
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.

6 039
11 875
-
-
total
6 039
11 875
-
-
Dividends
25 745
50 625
-
-
withholding
1 930
8 291
-
-
total
1 930
8 291
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 054
20 166
25 794
20 064
After tax
43 446
42 334
36 706
42 436
Living cost
19 633
19 633
19 633
19 633
Free-cash
23 813
22 701
17 073
22 803

Estimated living cost  is ₴19633 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴3870
₴10014
₴18704
₴15667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
658
pensions
-
-
-
5 750
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
-
-
-
2 784
health
-
-
-
141
national
-
-
-
763
total
-
-
-
11 346
Employee
37 975
-
55 942
-
city
408
-
601
-
regional
1 243
-
2 395
-
health
86
-
126
-
pensions
3 190
-
4 699
-
unemployment
-
-
-
-
national
180
-
619
-
total
5 107
-
8 440
-
Employer
37 975
-
55 942
-
other

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

759
-
1 118
-
unemployment
-
-
-
-
pensions
3 190
-
4 699
-
health
86
-
126
-
total
4 035
-
5 943
-
Corporate
20 072
62 500
-
-
regional
4 246
13 219
-
-
national
1 706
5 312
-
-
total
5 952
18 531
-
-
Dividends
14 121
43 969
-
-
withholding
4 942
15 389
-
-
total
4 942
15 389
-
-
Income
62 500
62 500
62 500
62 500
Total tax
20 036
33 920
14 383
11 346
After tax
42 464
28 580
48 117
51 154
Living cost
32 450
32 450
32 450
32 450
Free-cash
10 014
-3 870
15 667
18 704

Estimated living cost  is ₴32450 per week

₴21102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴11392
₴18298
₴13841
₴21164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
trade
-
-
-
7 323
income

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

-
-
-
17 933
health

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

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

-
-
-
2 909
surtax

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

-
-
-
987
total
-
-
-
29 152
Employee

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

25 591
-
62 500
-
health

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

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

2 909
-
2 909
-
surtax

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

166
-
987
-
income

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

3 009
-
17 933
-
total
6 084
-
21 829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 909
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.

305
516
-
-
income
5 536
9 375
-
-
trade
6 330
10 719
-
-
chamber of commerce
116
153
-
-
total
12 287
20 763
-
-
Dividends
24 623
41 738
-
-
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.

330
565
-
-
withholding
5 994
10 273
-
-
total
6 324
10 838
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 695
31 601
21 829
29 152
After tax
37 805
30 899
40 671
33 348
Living cost
19 507
19 507
19 507
19 507
Free-cash
18 298
11 392
21 164
13 841

Estimated living cost  is ₴19507 per week

₴14247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴16931
₴19444
₴20854
₴21178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 770
pensions
-
-
-
12 336
other
-
-
-
1 938
health
-
-
-
2 252
surtax
-
-
-
-
social contributions
-
-
-
1 781
total
-
-
-
27 077
Employee
18 224
-
49 128
-
social contributions
520
-
1 400
-
surtax
-
-
-
-
income
1 076
-
8 880
-
pensions
2 061
-
3 102
-
total
3 657
-
13 382
-
Employer
18 224
-
49 128
-
other
629
-
1 783
-
social contributions
55
-
147
-
unemployment
738
-
1 989
-
pensions
2 994
-
5 278
-
health
1 276
-
4 174
-
total
5 692
-
13 371
-
Corporate
38 585
62 500
-
-
surtax
-
-
-
-
income
10 804
17 500
-
-
total
10 804
17 500
-
-
Dividends
27 781
45 000
-
-
surtax
-
-
-
-
social contributions
4 778
7 740
-
-
withholding
3 556
5 760
-
-
total
8 334
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 487
31 000
26 753
27 077
After tax
34 013
31 500
35 747
35 423
Living cost
14 569
14 569
14 569
14 569
Free-cash
19 444
16 931
21 178
20 854

Estimated living cost  is ₴14569 per week

₴9186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴18375
₴20741
₴22298
₴22622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 770
pensions
-
-
-
12 336
other
-
-
-
1 938
health
-
-
-
2 252
surtax
-
-
-
-
social contributions
-
-
-
1 781
total
-
-
-
27 077
Employee
16 268
-
49 128
-
social contributions
464
-
1 400
-
surtax
-
-
-
-
income
839
-
8 880
-
pensions
1 840
-
3 102
-
total
3 143
-
13 382
-
Employer
16 268
-
49 128
-
other
562
-
1 783
-
social contributions
48
-
147
-
unemployment
659
-
1 989
-
pensions
2 673
-
5 278
-
health
1 139
-
4 174
-
total
5 081
-
13 371
-
Corporate
41 152
62 500
-
-
surtax
-
-
-
-
income
11 522
17 500
-
-
total
11 522
17 500
-
-
Dividends
29 630
45 000
-
-
surtax
-
-
-
-
social contributions
5 096
7 740
-
-
withholding
3 792
5 760
-
-
total
8 888
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 634
31 000
26 753
27 077
After tax
33 866
31 500
35 747
35 423
Living cost
13 125
13 125
13 125
13 125
Free-cash
20 741
18 375
22 622
22 298

Estimated living cost  is ₴13125 per week

₴7612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴29101
₴29322
₴31108
₴30187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 363
social contributions
-
-
-
8 625
total
-
-
-
22 363
Employee
14 438
-
62 500
-
social contributions
1 993
-
8 625
-
health
1 008
-
4 363
-
income
2 408
-
10 296
-
total
5 409
-
23 284
-
Employer
14 438
-
62 500
-
total
-
-
-
-
Corporate
48 062
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%.

2 403
3 125
-
-
total
2 403
3 125
-
-
Dividends
45 659
59 375
-
-
health
3 187
4 145
-
-
social contributions
6 301
8 194
-
-
withholding
6 849
8 906
-
-
total
16 337
21 245
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 149
24 370
23 284
22 363
After tax
38 351
38 130
39 216
40 137
Living cost
9 029
9 029
9 029
9 029
Free-cash
29 322
29 101
30 187
31 108

Estimated living cost  is ₴9029 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴19696
₴19038
₴16944
₴1394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
250
income
-
-
-
14 598
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
84
total
-
-
-
30 552
Employee
21 280
16 969
48 467
-
other
213
170
485
-
health
823
657
1 876
-
income
2 423
1 252
11 579
-
pensions
2 179
1 737
4 963
-
unemployment
638
509
1 454
-
total
6 276
4 325
20 357
-
Employer
21 280
16 969
48 467
-
accident
276
221
630
-
other
1 011
806
2 302
-
chamber of commerce
85
68
194
-
unemployment
638
509
1 454
-
surtax
84
84
84
-
pensions
2 671
2 130
6 082
-
payroll
638
509
1 454
-
health
804
642
1 832
-
total
6 207
4 969
14 032
-
Corporate
35 012
40 563
46 852
-
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.

8 753
10 140
11 713
-
total
8 753
10 140
11 713
-
Dividends
26 259
30 422
-
-
withholding
7 222
8 366
-
-
total
7 222
8 366
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 458
27 800
46 102
30 552
After tax
34 042
34 700
16 398
31 948
Living cost
15 004
15 004
15 004
15 004
Free-cash
19 038
19 696
1 394
16 944

Estimated living cost  is ₴15004 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴19454
₴13068
₴11855
₴7175
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
22 171
communal

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

-
-
-
3 163
social contributions
-
-
-
9 785
total
-
-
-
35 119
Employee

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

30 459
-
48 407
-
communal

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

1 589
-
2 525
-
health

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

1 431
-
2 276
-
pensions

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

2 284
-
3 631
-
unemployment

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

265
-
421
-
national
9 364
-
16 854
-
total
14 933
-
25 707
-
Employer

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

30 459
-
48 407
-
accident

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

396
-
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.

444
-
707
-
surtax
3 454
-
5 490
-
pensions

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

2 699
-
4 289
-
health

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

1 873
-
2 977
-
total
8 866
-
14 092
-
Corporate
23 175
62 500
-
-
surtax
93
250
-
-
income
4 635
12 500
-
-
total
4 728
12 750
-
-
Dividends
18 447
49 750
-
-
withholding

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

5 379
14 770
-
-
total
5 379
14 770
-
-
Income
62 500
62 500
62 500
62 500
Total tax
33 906
27 520
39 799
35 119
After tax
28 594
34 980
22 701
27 381
Living cost
15 526
15 526
15 526
15 526
Free-cash
13 068
19 454
7 175
11 855

Estimated living cost  is ₴15526 per week

₴10001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴26433
₴23296
₴19836
₴17964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
income
-
-
-
15 445
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
27 286
Employee
21 196
-
49 918
-
other
21
-
40
-
income
4 472
-
14 069
-
pensions
996
-
1 855
-
unemployment
329
-
612
-
total
5 818
-
16 576
-
Employer
21 196
-
49 918
-
accident
419
-
781
-
other
169
-
316
-
unemployment
1 166
-
2 170
-
pensions
5 002
-
9 315
-
total
6 756
-
12 582
-
Corporate
34 548
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.

5 182
9 375
-
-
total
5 182
9 375
-
-
Dividends
29 366
53 125
-
-
withholding
6 070
11 314
-
-
total
6 070
11 314
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 826
20 689
29 158
27 286
After tax
38 674
41 811
33 342
35 214
Living cost
15 378
15 378
15 378
15 378
Free-cash
23 296
26 433
17 964
19 836

Estimated living cost  is ₴15378 per week

₴11324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴14099
₴9317
₴9160
₴11652
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
527
income
-
-
-
8 865
pensions
-
-
-
9 368
health
-
-
-
4 391
surtax
-
-
-
3 098
communal
-
-
-
3 950
total
-
-
-
30 199
Employee
32 247
-
55 828
-
health
1 435
-
2 484
-
surtax
1 977
-
3 421
-
income
3 115
-
10 664
-
pensions
2 579
-
4 466
-
total
9 106
-
21 035
-
Employer
32 247
-
55 828
-
accident
290
-
503
-
pensions
2 579
-
4 466
-
health
983
-
1 703
-
total
3 852
-
6 672
-
Corporate
26 401
62 500
-
-
surtax
277
656
-
-
communal
1 782
4 219
-
-
income
3 960
9 375
-
-
total
6 019
14 250
-
-
Dividends
20 381
48 250
-
-
income
8 008
3 772
-
-
withholding
3 057
7 238
-
-
total
11 065
11 010
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 042
25 260
27 707
30 199
After tax
32 458
37 240
34 793
32 301
Living cost
23 141
23 141
23 141
23 141
Free-cash
9 317
14 099
11 652
9 160

Estimated living cost  is ₴23141 per week

₴17359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴29749
₴28394
₴20095
₴18327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 171
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 172
total
-
-
-
32 841
Employee
14 340
-
51 631
-
other
-
-
-
-
health
366
-
1 317
-
surtax
51
-
1 893
-
income
2 404
-
13 495
-
pensions
957
-
3 444
-
unemployment
998
-
3 593
-
total
4 776
-
23 742
-
Employer
14 340
-
51 631
-
other
-
-
-
-
unemployment
455
-
1 636
-
pensions
1 912
-
6 882
-
health
652
-
2 349
-
total
3 019
-
10 867
-
Corporate
45 141
62 500
-
-
income
11 736
16 250
-
-
total
11 736
16 250
-
-
Dividends
33 405
46 250
-
-
withholding
5 011
6 937
-
-
total
5 011
6 937
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 542
23 187
34 609
32 841
After tax
37 958
39 313
27 891
29 659
Living cost
9 564
9 564
9 564
9 564
Free-cash
28 394
29 749
18 327
20 095

Estimated living cost  is ₴9564 per week

₴5774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴21381
₴20436
₴18912
₴16015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
municipal
-
-
-
372
regional
-
-
-
943
national
-
-
-
14 727
social contributions
-
-
-
16 075
total
-
-
-
32 117
Employee
23 621
-
62 500
-
social contributions
7 965
-
21 075
-
regional
318
-
841
-
municipal
125
-
331
-
national
3 742
-
12 767
-
total
12 150
-
35 014
-
Employer
23 621
-
62 500
-
total
-
-
-
-
Corporate
38 879
62 500
-
-
nationa
9 331
15 000
-
-
municipal
1 932
3 106
-
-
total
11 263
18 106
-
-
Dividends
27 617
44 394
-
-
withholding
7 180
11 542
-
-
total
7 180
11 542
-
-
Income
62 500
62 500
62 500
62 500
Total tax
30 593
29 648
35 014
32 117
After tax
31 907
32 852
27 486
30 383
Living cost
11 471
11 471
11 471
11 471
Free-cash
20 436
21 381
16 015
18 912

Estimated living cost  is ₴11471 per week

₴7134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴30451
₴25964
₴20887
₴19136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 906
health
-
-
-
8 437
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
29 033
Employee
18 500
-
46 642
-
social contributions
1 202
-
3 032
-
health
2 497
-
6 297
-
solidarity contribution
-
-
-
-
income
2 220
-
5 597
-
total
5 919
-
14 926
-
Employer
18 500
-
46 642
-
social contributions
4 625
-
11 660
-
health
1 665
-
4 198
-
total
6 290
-
15 858
-
Corporate
37 711
62 500
-
-
income
7 165
11 875
-
-
total
7 165
11 875
-
-
Dividends
30 546
50 625
-
-
withholding
4 582
7 594
-
-
total
4 582
7 594
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 956
19 469
30 784
29 033
After tax
38 544
43 031
31 716
33 467
Living cost
12 580
12 580
12 580
12 580
Free-cash
25 964
30 451
19 136
20 887

Estimated living cost  is ₴12580 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴21160
₴20953
₴18447
₴2829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
250
income
-
-
-
14 598
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
-
total
-
-
-
30 468
Employee
18 614
16 969
48 532
-
other
186
170
486
-
health
720
657
1 878
-
income
1 658
1 252
11 601
-
pensions
1 906
1 737
4 970
-
unemployment
558
509
1 456
-
total
5 028
4 325
20 391
-
Employer
18 614
16 969
48 532
-
accident
242
221
631
-
other
884
806
2 305
-
chamber of commerce
74
68
194
-
unemployment
558
509
1 456
-
surtax
-
-
-
-
pensions
2 336
2 130
6 090
-
payroll
558
509
1 456
-
health
704
642
1 834
-
total
5 356
4 885
13 966
-
Corporate
38 530
40 647
46 916
-
income

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

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

9 632
10 161
11 729
-
total
9 632
10 161
11 729
-
Dividends
28 898
30 485
-
-
withholding
7 946
8 384
-
-
total
7 946
8 384
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 962
27 755
46 086
30 468
After tax
34 538
34 745
16 414
32 032
Living cost
13 585
13 585
13 585
13 585
Free-cash
20 953
21 160
2 829
18 447

Estimated living cost  is ₴13585 per week

₴8149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴53318
₴52182
₴55818
₴43943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 571
-
62 500
-
income
1 514
-
12 500
-
total
1 514
-
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%.

54 929
62 500
-
-
total
-
-
-
-
Dividends
54 929
62 500
-
-
withholding
2 747
3 125
-
-
total
2 747
3 125
-
-
Income
62 500
62 500
62 500
62 500
Total tax
4 261
3 125
12 500
625
After tax
58 239
59 375
50 000
61 875
Living cost
6 057
6 057
6 057
6 057
Free-cash
52 182
53 318
43 943
55 818

Estimated living cost  is ₴6057 per week

₴4099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴31611
₴28050
₴19739
₴18084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 682
pensions
-
-
-
11 414
unemployment
-
-
-
94
health
-
-
-
6 150
total
-
-
-
31 340
Employee

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

18 830
-
54 080
-
health
1 216
-
3 493
-
income
3 247
-
12 624
-
pensions
2 919
-
8 382
-
unemployment
27
-
76
-
total
7 409
-
24 575
-
Employer

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

18 830
-
54 080
-
unemployment
11
-
32
-
pensions
1 666
-
4 786
-
health
1 254
-
3 602
-
total
2 931
-
8 420
-
Corporate
40 739
62 500
-
-
income
7 740
11 875
-
-
total
7 740
11 875
-
-
Dividends
32 998
50 625
-
-
withholding
4 949
7 593
-
-
total
4 949
7 593
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 029
19 468
32 995
31 340
After tax
39 471
43 032
29 505
31 160
Living cost
11 421
11 421
11 421
11 421
Free-cash
28 050
31 611
18 084
19 739

Estimated living cost  is ₴11421 per week

₴7838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴19567
-₴1283
₴24735
₴38415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 182
social contributions
-
-
-
7 125
total
-
-
-
19 307
Employee
26 466
-
-
-
social contributions
2 170
-
309
-
income
5 838
-
-
-
total
8 008
-
309
-
Employer
26 466
-
-
-
social contributions
37 317
-
5 318
-
total
37 317
-
5 318
-
Corporate
-
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
45 325
24 475
5 627
19 307
After tax
17 175
38 025
56 873
43 193
Living cost
18 458
18 458
18 458
18 458
Free-cash
-1 283
19 567
38 415
24 735

Estimated living cost  is ₴18458 per week

₴11976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴22194
₴21766
₴20549
₴16180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 876
surtax
-
-
-
-
social contributions

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

-
-
-
21 719
total
-
-
-
28 595
Employee
19 584
-
50 505
-
social contributions
2 154
-
5 555
-
surtax
-
-
-
-
income
4 074
-
15 414
-
total
6 228
-
20 969
-
Employer
19 584
-
50 505
-
social contributions
4 651
-
11 995
-
total
4 651
-
11 995
-
Corporate
38 265
62 500
-
-
surtax
-
-
-
-
income
8 035
13 125
-
-
total
8 035
13 125
-
-
Dividends
30 229
49 375
-
-
withholding
8 464
13 825
-
-
total
8 464
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 378
26 950
32 964
28 595
After tax
35 122
35 550
29 536
33 905
Living cost
13 356
13 356
13 356
13 356
Free-cash
21 766
22 194
16 180
20 549

Estimated living cost  is ₴13356 per week

₴9993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴10934
₴13860
₴14857
₴15181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 770
pensions
-
-
-
12 336
other
-
-
-
1 938
health
-
-
-
2 252
surtax
-
-
-
-
social contributions
-
-
-
1 781
total
-
-
-
27 077
Employee
26 670
-
49 128
-
social contributions
760
-
1 400
-
surtax
-
-
-
-
income
2 327
-
8 880
-
pensions
3 017
-
3 102
-
total
6 104
-
13 382
-
Employer
26 670
-
49 128
-
other
920
-
1 783
-
social contributions
80
-
147
-
unemployment
1 080
-
1 989
-
pensions
4 382
-
5 278
-
health
1 867
-
4 174
-
total
8 329
-
13 371
-
Corporate
27 501
62 500
-
-
surtax
-
-
-
-
income
7 700
17 500
-
-
total
7 700
17 500
-
-
Dividends
19 801
45 000
-
-
surtax
-
-
-
-
social contributions
3 406
7 740
-
-
withholding
2 535
5 760
-
-
total
5 941
13 500
-
-
Income
62 500
62 500
62 500
62 500
Total tax
28 074
31 000
26 753
27 077
After tax
34 426
31 500
35 747
35 423
Living cost
20 566
20 566
20 566
20 566
Free-cash
13 860
10 934
15 181
14 857

Estimated living cost  is ₴20566 per week

₴13919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴43450
₴42019
₴33661
₴35321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 289
social contributions
-
-
-
13 750
total
-
-
-
16 039
Employee
13 689
-
54 112
-
income
-
-
2 473
-
social contributions
890
-
3 518
-
total
890
-
5 991
-
Employer
13 689
-
54 112
-
social contributions
2 122
-
8 388
-
total
2 122
-
8 388
-
Corporate
46 689
62 500
-
-
income
4 669
6 250
-
-
total
4 669
6 250
-
-
Dividends
42 020
56 250
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
7 681
6 250
14 379
16 039
After tax
54 819
56 250
48 121
46 461
Living cost
12 800
12 800
12 800
12 800
Free-cash
42 019
43 450
35 321
33 661

Estimated living cost  is ₴12800 per week

₴8276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴30285
-₴30285
₴17076
-₴30285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
municipal
-
-
-
12 647
pensions
-
-
-
369
national
-
-
-
6 929
labour market
-
-
-
4 970
total
-
-
-
24 915
Employee
86 566
86 566
86 566
-
labour market
6 915
6 915
6 915
-
national
10 576
10 576
10 576
-
municipal
18 434
18 434
18 434
-
pensions
123
123
123
-
total
36 048
36 048
36 048
-
Employer
86 566
86 566
86 566
-
labour market
6 925
6 925
6 925
-
municipal
18 463
18 463
18 463
-
pensions
246
246
246
-
national
10 594
10 594
10 594
-
total
36 228
36 228
36 228
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
62 500
62 500
62 500
62 500
Total tax
72 276
72 276
72 276
24 915
After tax
-9 776
-9 776
-9 776
37 585
Living cost
20 509
20 509
20 509
20 509
Free-cash
-30 285
-30 285
-30 285
17 076

Estimated living cost  is ₴20509 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴4076
₴3661
₴33629
₴24397
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
income
-
-
-
16 796
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
19 732
Employee
14 377
-
55 565
-
health
1 646
-
6 362
-
income
1 972
-
12 451
-
pensions
1 619
-
3 217
-
total
5 237
-
22 030
-
Employer
14 377
-
55 565
-
accident
240
-
928
-
unemployment
352
-
1 361
-
pensions
2 338
-
4 645
-
total
2 930
-
6 934
-
Corporate
45 193
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.

40 674
56 250
-
-
total
40 674
56 250
-
-
Dividends
4 519
6 250
-
-
withholding
859
1 187
-
-
total
859
1 187
-
-
Income
62 500
62 500
62 500
62 500
Total tax
49 700
57 437
28 964
19 732
After tax
12 800
5 063
33 536
42 768
Living cost
9 139
9 139
9 139
9 139
Free-cash
3 661
-4 076
24 397
33 629

Estimated living cost  is ₴9139 per week

₴6652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴23592
₴24364
₴25781
₴17233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
municipal
-
-
-
11 108
health
-
-
-
785
national
-
-
-
8 478
total
-
-
-
20 371
Employee
22 403
-
52 579
-
health
167
-
632
-
municipal
3 669
-
8 570
-
pensions
1 512
-
3 549
-
unemployment
336
-
789
-
national
370
-
5 457
-
total
6 054
-
18 997
-
Employer
22 403
-
52 579
-
accident
23
-
53
-
unemployment
145
-
342
-
pensions
3 887
-
9 122
-
health
172
-
405
-
total
4 227
-
9 922
-
Corporate
35 870
62 500
-
-
income
7 174
12 500
-
-
total
7 174
12 500
-
-
Dividends

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

21 522
37 500
-
-
national
459
3 310
-
-
municipal
3 874
6 750
-
-
total
4 333
10 060
-
-
Income
62 500
62 500
62 500
62 500
Total tax
21 788
22 560
28 919
20 371
After tax
40 712
39 940
33 581
42 129
Living cost
16 348
16 348
16 348
16 348
Free-cash
24 364
23 592
17 233
25 781

Estimated living cost  is ₴16348 per week

₴10679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴35775
₴33458
₴33485
₴32904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 672
health
-
-
-
1 594
social contributions
-
-
-
6 890
total
-
-
-
19 156
Employee
32 743
32 743
57 766
-
social contributions
1 238
2 718
3 665
-
health
254
557
982
-
income
3 565
3 031
10 357
-
total
5 057
6 306
15 004
-
Employer
32 743
32 743
57 766
-
social contributions
1 238
2 718
3 665
-
health
276
606
1 068
-
total
1 514
3 324
4 733
-
Corporate
46 071
26 433
-
-
income
5 759
3 304
-
-
total
5 759
3 304
-
-
Dividends
40 312
23 129
-
-
withholding
6 853
3 932
-
-
total
6 853
3 932
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 183
16 866
19 737
19 156
After tax
43 317
45 634
42 763
43 344
Living cost
9 859
9 859
9 859
9 859
Free-cash
33 458
35 775
32 904
33 485

Estimated living cost  is ₴9859 per week

₴5909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴44995
₴42831
₴45221
₴36682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 256
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
10 518
Employee

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

9 774
-
58 338
-
health
831
-
3 434
-
income
668
-
5 200
-
pensions
1 466
-
6 060
-
unemployment
48
-
202
-
total
3 013
-
14 896
-
Employer

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

9 774
-
58 338
-
unemployment
48
-
202
-
pensions
537
-
2 222
-
health
420
-
1 737
-
total
1 005
-
4 161
-
Corporate
51 720
62 500
-
-
income
4 654
5 625
-
-
total
4 654
5 625
-
-
Dividends
47 066
56 875
-
-
withholding
4 236
5 119
-
-
total
4 236
5 119
-
-
Income
62 500
62 500
62 500
62 500
Total tax
12 908
10 744
19 057
10 518
After tax
49 592
51 756
43 443
51 982
Living cost
6 761
6 761
6 761
6 761
Free-cash
42 831
44 995
36 682
45 221

Estimated living cost  is ₴6761 per week

₴4313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴30102
₴28125
₴23505
₴21633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
income
-
-
-
15 445
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
27 286
Employee
15 745
-
49 918
-
other
15
-
40
-
income
3 035
-
14 069
-
pensions
740
-
1 855
-
unemployment
244
-
612
-
total
4 034
-
16 576
-
Employer
15 745
-
49 918
-
accident
312
-
781
-
other
126
-
316
-
unemployment
866
-
2 170
-
pensions
3 715
-
9 315
-
total
5 019
-
12 582
-
Corporate
41 735
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.

6 260
9 375
-
-
total
6 260
9 375
-
-
Dividends
35 475
53 125
-
-
withholding
7 353
11 314
-
-
total
7 353
11 314
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 666
20 689
29 158
27 286
After tax
39 834
41 811
33 342
35 214
Living cost
11 709
11 709
11 709
11 709
Free-cash
28 125
30 102
21 633
23 505

Estimated living cost  is ₴11709 per week

₴7904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴37830
₴37637
₴38768
₴38686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 090
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
22 562
Employee
1 782
-
61 540
-
health
89
-
213
-
income
345
-
21 045
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
21 685
-
Employer
1 782
-
61 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
60 318
62 500
-
-
income
13 270
13 750
-
-
total
13 270
13 750
-
-
Dividends
47 048
48 750
-
-
withholding
9 410
9 750
-
-
total
9 410
9 750
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 693
23 500
22 644
22 562
After tax
38 807
39 000
39 856
39 938
Living cost
1 170
1 170
1 170
1 170
Free-cash
37 637
37 830
38 686
38 768

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴37789
₴35695
₴29387
₴29388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 846
pensions
-
-
-
8 185
unemployment
-
-
-
472
health
-
-
-
3 243
total
-
-
-
25 746
Employee

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

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

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

11 109
-
56 865
-
health
572
-
1 621
-
income
1 531
-
13 846
-
pensions
1 555
-
4 407
-
unemployment
83
-
236
-
total
3 741
-
20 110
-
Employer

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

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

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

11 109
-
56 865
-
unemployment
83
-
236
-
pensions
1 333
-
3 778
-
health
572
-
1 621
-
total
1 988
-
5 635
-
Corporate
49 402
62 500
-
-
income
7 410
9 375
-
-
total
7 410
9 375
-
-
Dividends
41 992
53 125
-
-
withholding
6 299
7 969
-
-
total
6 299
7 969
-
-
Income
62 500
62 500
62 500
62 500
Total tax
19 438
17 344
25 745
25 746
After tax
43 062
45 156
36 755
36 754
Living cost
7 367
7 367
7 367
7 367
Free-cash
35 695
37 789
29 388
29 387

Estimated living cost  is ₴7367 per week

₴4960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴24070
₴23916
₴22425
₴18056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 876
surtax
-
-
-
-
social contributions

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

-
-
-
21 719
total
-
-
-
28 595
Employee
16 527
-
50 505
-
social contributions
1 818
-
5 555
-
surtax
-
-
-
-
income
3 229
-
15 414
-
total
5 047
-
20 969
-
Employer
16 527
-
50 505
-
social contributions
3 925
-
11 995
-
total
3 925
-
11 995
-
Corporate
42 048
62 500
-
-
surtax
-
-
-
-
income
8 831
13 125
-
-
total
8 831
13 125
-
-
Dividends
33 218
49 375
-
-
withholding
9 301
13 825
-
-
total
9 301
13 825
-
-
Income
62 500
62 500
62 500
62 500
Total tax
27 104
26 950
32 964
28 595
After tax
35 396
35 550
29 536
33 905
Living cost
11 480
11 480
11 480
11 480
Free-cash
23 916
24 070
18 056
22 425

Estimated living cost  is ₴11480 per week

₴8131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴26846
₴23855
₴20249
₴18377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
income
-
-
-
15 445
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
27 286
Employee
20 565
-
49 918
-
other
20
-
40
-
income
4 295
-
14 069
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
16 576
-
Employer
20 565
-
49 918
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
35 378
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.

5 307
9 375
-
-
total
5 307
9 375
-
-
Dividends
30 072
53 125
-
-
withholding
6 218
11 314
-
-
total
6 218
11 314
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 680
20 689
29 158
27 286
After tax
38 820
41 811
33 342
35 214
Living cost
14 965
14 965
14 965
14 965
Free-cash
23 855
26 846
18 377
20 249

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴46107
₴43509
₴41820
₴44136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
13 350
Employee
9 706
-
59 580
-
health
447
-
685
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
income
971
-
5 958
-
pensions

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

852
-
1 307
-
total
2 377
-
8 114
-
Employer
9 706
-
59 580
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
pensions

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

1 070
-
1 640
-
health
670
-
1 027
-
total
1 905
-
2 920
-
Corporate
50 890
62 500
-
-
income
5 089
6 250
-
-
total
5 089
6 250
-
-
Dividends
45 801
56 250
-
-
withholding
2 290
2 813
-
-
total
2 290
2 813
-
-
Income
62 500
62 500
62 500
62 500
Total tax
11 661
9 063
11 034
13 350
After tax
50 839
53 437
51 466
49 150
Living cost
7 330
7 330
7 330
7 330
Free-cash
43 509
46 107
44 136
41 820

Estimated living cost  is ₴7330 per week

₴4848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴15746
₴21316
₴18103
₴24231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
62 500
trade
-
-
-
6 128
income

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

-
-
-
17 933
health

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

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

-
-
-
2 909
surtax

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

-
-
-
987
total
-
-
-
27 957
Employee

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

21 187
-
62 500
-
health

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

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

2 909
-
2 909
-
surtax

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

96
-
987
-
income

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

1 742
-
17 933
-
total
4 747
-
21 829
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 313
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.

341
516
-
-
income
6 197
9 375
-
-
trade
5 929
8 969
-
-
chamber of commerce
125
156
-
-
total
12 592
19 016
-
-
Dividends
28 721
43 485
-
-
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.

386
589
-
-
withholding
7 019
10 709
-
-
total
7 405
11 298
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 744
30 314
21 829
27 957
After tax
37 756
32 186
40 671
34 543
Living cost
16 440
16 440
16 440
16 440
Free-cash
21 316
15 746
24 231
18 103

Estimated living cost  is ₴16440 per week

₴11340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴19495
₴20434
₴10144
₴10144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 962
social contributions
-
-
-
10 138
total
-
-
-
28 100
Employee
33 308
-
62 500
-
income
6 285
-
17 962
-
social contributions
2 767
-
10 138
-
total
9 052
-
28 100
-
Employer
33 308
-
62 500
-
total
-
-
-
-
Corporate
29 192
62 500
-
-
income
3 649
7 812
-
-
total
3 649
7 812
-
-
Dividends
25 543
54 688
-
-
withholding
5 109
10 937
-
-
total
5 109
10 937
-
-
Income
62 500
62 500
62 500
62 500
Total tax
17 810
18 749
28 100
28 100
After tax
44 690
43 751
34 400
34 400
Living cost
24 256
24 256
24 256
24 256
Free-cash
20 434
19 495
10 144
10 144

Estimated living cost  is ₴24256 per week

₴18454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴22918
₴24406
₴32064
₴29744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 121
health

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

-
-
-
2 858
total
-
-
-
14 979
Employee
19 534
-
60 541
-
income
2 120
-
13 381
-
social contributions
1 957
-
1 959
-
total
4 077
-
15 340
-
Employer
19 534
-
60 541
-
social contributions
1 957
-
1 959
-
total
1 957
-
1 959
-
Corporate
41 009
62 500
-
-
income
14 353
21 875
-
-
total
14 353
21 875
-
-
Dividends
26 656
40 625
-
-
social contributions
2 250
2 250
-
-
total
2 250
2 250
-
-
Income
62 500
62 500
62 500
62 500
Total tax
22 637
24 125
17 299
14 979
After tax
39 863
38 375
45 201
47 521
Living cost
15 457
15 457
15 457
15 457
Free-cash
24 406
22 918
29 744
32 064

Estimated living cost  is ₴15457 per week

₴10182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴26373
₴28443
₴26475
₴20745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 462
pensions
-
-
-
3 602
total
-
-
-
20 064
Employee
21 908
-
54 719
-
health
286
-
844
-
income
3 990
-
12 642
-
pensions
1 672
-
4 527
-
total
5 948
-
18 013
-
Employer
21 908
-
54 719
-
pensions
2 213
-
6 741
-
health
416
-
1 040
-
total
2 629
-
7 781
-
Corporate
37 962
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.

7 213
11 875
-
-
total
7 213
11 875
-
-
Dividends
30 749
50 625
-
-
withholding
2 306
8 291
-
-
total
2 306
8 291
-
-
Income
62 500
62 500
62 500
62 500
Total tax
18 096
20 166
25 794
20 064
After tax
44 404
42 334
36 706
42 436
Living cost
15 961
15 961
15 961
15 961
Free-cash
28 443
26 373
20 745
26 475

Estimated living cost  is ₴15961 per week

₴10949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴4981
₴3522
₴32724
₴23492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
income
-
-
-
16 796
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
19 732
Employee
15 800
-
55 565
-
health
1 809
-
6 362
-
income
2 168
-
12 451
-
pensions
1 779
-
3 217
-
total
5 756
-
22 030
-
Employer
15 800
-
55 565
-
accident
264
-
928
-
unemployment
387
-
1 361
-
pensions
2 569
-
4 645
-
total
3 220
-
6 934
-
Corporate
43 480
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.

39 132
56 250
-
-
total
39 132
56 250
-
-
Dividends
4 348
6 250
-
-
withholding
826
1 187
-
-
total
826
1 187
-
-
Income
62 500
62 500
62 500
62 500
Total tax
48 934
57 437
28 964
19 732
After tax
13 566
5 063
33 536
42 768
Living cost
10 044
10 044
10 044
10 044
Free-cash
3 522
-4 981
23 492
32 724

Estimated living cost  is ₴10044 per week

₴7371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴46843
₴44851
₴29446
₴37270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
312
health insurance
-
-
-
4 625
income
-
-
-
10 116
pensions
-
-
-
11 500
unemployment
-
-
-
750
total
-
-
-
27 303
Employee

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

9 202
-
62 500
-
work injury
46
-
170
-
income
920
-
10 116
-
pensions
1 693
-
6 265
-
health insurance
681
-
2 519
-
unemployment
110
-
409
-
total
3 450
-
19 479
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 298
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%.

533
625
-
-
total
533
625
-
-
Dividends
52 765
61 875
-
-
withholding
7 915
9 281
-
-
total
7 915
9 281
-
-
Income
62 500
62 500
62 500
62 500
Total tax
11 898
9 906
19 479
27 303
After tax
50 602
52 594
43 021
35 197
Living cost
5 751
5 751
5 751
5 751
Free-cash
44 851
46 843
37 270
29 446

Estimated living cost  is ₴5751 per week

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

Source of data for Skopje model

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Rome , Italy
₴15958
₴14020
₴12899
₴10087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
62 500
municipal
-
-
-
418
regional
-
-
-
1 418
national
-
-
-
14 727
social contributions
-
-
-
16 075
total
-
-
-
32 638
Employee
35 882
-
62 500
-
social contributions
12 099
-
21 075
-
regional
542
-
1 235
-
municipal
214
-
373
-
national
6 064
-
12 767
-
total
18 919
-
35 450
-
Employer
35 882
-
62 500
-
total
-
-
-
-
Corporate
26 618
62 500
-
-
nationa
6 389
15 000
-
-
municipal
1 283
3 012
-
-
total
7 672
18 012
-
-
Dividends
18 946
44 487
-
-
withholding
4 926
11 567
-
-
total
4 926
11 567
-
-
Income
62 500
62 500
62 500
62 500
Total tax
31 517
29 579
35 450
32 638
After tax
30 983
32 921
27 050
29 862
Living cost
16 963
16 963
16 963
16 963
Free-cash
14 020
15 958
10 087
12 899

Estimated living cost  is ₴16963 per week

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

Source of data for Rome model

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