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
₴ 63500
per

Your estimated
City
free-cash

Dresden , Germany
₴19073
₴23812
₴21425
₴28290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
trade
-
-
-
6 865
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.

-
-
-
18 304
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.

-
-
-
2 926
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.

-
-
-
1 007
total
-
-
-
29 102
Employee

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

16 382
-
63 500
-
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.

2 926
-
2 926
-
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
-
1 007
-
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.

458
-
18 304
-
total
3 409
-
22 237
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 118
63 500
-
-
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.

389
524
-
-
income
7 067
9 525
-
-
trade
7 421
10 002
-
-
chamber of commerce
132
156
-
-
total
15 009
20 207
-
-
Dividends
32 109
43 293
-
-
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.

432
586
-
-
withholding
7 865
10 661
-
-
total
8 297
11 247
-
-
Income
63 500
63 500
63 500
63 500
Total tax
26 715
31 454
22 237
29 102
After tax
36 785
32 046
41 263
34 398
Living cost
12 973
12 973
12 973
12 973
Free-cash
23 812
19 073
28 290
21 425

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17981
₴17620
₴16030
₴16528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
municipal
-
-
-
6 873
pensions
-
-
-
7 620
national
-
-
-
10 651
social contributions
-
-
-
683
total
-
-
-
25 827
Employee
33 550
-
54 895
-
municipal
4 144
-
7 119
-
pensions
1 342
-
2 196
-
national
6 422
-
11 032
-
total
11 908
-
20 347
-
Employer
33 550
-
54 895
-
social contributions
361
-
590
-
pensions
2 684
-
4 392
-
total
3 045
-
4 982
-
Corporate
24 690
63 500
-
-
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%.

4 938
12 700
-
-
total
4 938
12 700
-
-
Dividends
19 752
50 800
-
-
withholding
4 346
11 176
-
-
total
4 346
11 176
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 237
23 876
25 329
25 827
After tax
39 263
39 624
38 171
37 673
Living cost
21 643
21 643
21 643
21 643
Free-cash
17 620
17 981
16 528
16 030

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41889
₴38375
₴11642
₴29841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
microenterprise
-
-
-
-
income
-
-
-
10 343
surtax
-
-
-
16 193
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.

-
-
-
16 411
total
-
-
-
42 947
Employee
12 515
-
45 422
-
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.

1 377
-
4 996
-
surtax
-
-
-
-
income
2 228
-
8 810
-
total
3 605
-
13 806
-
Employer
12 515
-
45 422
-
social contributions

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

3 015
-
10 942
-
surtax
-
-
-
-
total
3 015
-
10 942
-
Corporate
47 970
63 500
-
-
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%.

9 594
12 700
-
-
total
9 594
12 700
-
-
Dividends

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

38 375
50 800
-
-
total
-
-
-
-
Income
63 500
63 500
63 500
63 500
Total tax
16 214
12 700
24 748
42 947
After tax
47 286
50 800
38 752
20 553
Living cost
8 911
8 911
8 911
8 911
Free-cash
38 375
41 889
29 841
11 642

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13317
₴10694
₴17945
₴20434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
17 312
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
27 612
Employee
36 576
36 576
55 540
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
6 864
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
17 164
-
Employer
36 576
36 576
55 540
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
20 968
20 519
-
-
income
4 193
4 104
-
-
total
4 193
4 104
-
-
Dividends
16 774
16 415
-
-
income
3 564
3 489
-
-
withholding
2 516
2 462
-
-
total
6 080
5 951
-
-
Income
63 500
63 500
63 500
63 500
Total tax
34 863
32 240
25 123
27 612
After tax
28 637
31 260
38 377
35 888
Living cost
17 943
17 943
17 943
17 943
Free-cash
10 694
13 317
20 434
17 945

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18123
₴17751
₴16648
₴16246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
municipal
-
-
-
15 803
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
3 994
total
-
-
-
30 304
Employee
23 580
-
52 105
-
municipal
7 032
-
15 538
-
national
-
-
3 772
-
total
7 032
-
19 310
-
Employer
23 580
-
52 105
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 408
-
11 396
-
Corporate
32 511
63 500
-
-
income
7 153
13 970
-
-
total
7 153
13 970
-
-
Dividends
25 359
49 530
-
-
withholding
7 608
14 859
-
-
total
7 608
14 859
-
-
Income
63 500
63 500
63 500
63 500
Total tax
29 201
28 829
30 706
30 304
After tax
34 299
34 671
32 794
33 196
Living cost
16 548
16 548
16 548
16 548
Free-cash
17 751
18 123
16 246
16 648

Estimated living cost  is ₴16548 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14895
₴20912
₴17267
₴24437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
trade
-
-
-
7 170
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.

-
-
-
18 304
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.

-
-
-
2 926
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.

-
-
-
1 007
total
-
-
-
29 407
Employee

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

21 721
-
63 500
-
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.

2 926
-
2 926
-
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
-
1 007
-
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.

1 866
-
18 304
-
total
4 894
-
22 237
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 779
63 500
-
-
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.

345
524
-
-
income
6 267
9 525
-
-
trade
6 873
10 446
-
-
chamber of commerce
124
155
-
-
total
13 609
20 650
-
-
Dividends
28 171
42 849
-
-
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.

379
580
-
-
withholding
6 880
10 549
-
-
total
7 259
11 129
-
-
Income
63 500
63 500
63 500
63 500
Total tax
25 762
31 779
22 237
29 407
After tax
37 738
31 721
41 263
34 093
Living cost
16 826
16 826
16 826
16 826
Free-cash
20 912
14 895
24 437
17 267

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴32472
₴30695
₴30109
₴29517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
10 950
health
-
-
-
1 619
social contributions
-
-
-
6 930
total
-
-
-
19 499
Employee
32 935
32 935
58 726
-
social contributions
1 600
2 733
3 687
-
health
328
560
998
-
income
3 458
3 049
10 632
-
total
5 386
6 342
15 317
-
Employer
32 935
32 935
58 726
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 087
-
total
1 957
3 343
4 774
-
Corporate
42 264
27 222
-
-
income
5 283
3 402
-
-
total
5 283
3 402
-
-
Dividends
36 981
23 819
-
-
withholding
6 287
4 049
-
-
total
6 287
4 049
-
-
Income
63 500
63 500
63 500
63 500
Total tax
18 913
17 136
20 091
19 499
After tax
44 587
46 364
43 409
44 001
Living cost
13 892
13 892
13 892
13 892
Free-cash
30 695
32 472
29 517
30 109

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27913
₴28075
₴36206
₴29028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
7 763
pensions
-
-
-
6 350
unemployment
-
-
-
953
health
-
-
-
4 445
total
-
-
-
19 511
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.

11 234
4 471
53 138
-
health
786
313
3 720
-
income
1 373
547
6 496
-
pensions
1 123
447
5 314
-
unemployment
169
67
797
-
total
3 451
1 374
16 327
-
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.

11 234
4 471
53 138
-
pensions
2 191
872
10 362
-
total
2 191
872
10 362
-
Corporate
50 075
58 157
-
-
income
4 507
5 234
-
-
total
4 507
5 234
-
-
Dividends
45 568
52 923
-
-
social contributions
8 835
10 269
-
-
withholding
8 658
10 055
-
-
total
17 493
20 324
-
-
Income
63 500
63 500
63 500
63 500
Total tax
27 642
27 804
26 689
19 511
After tax
35 858
35 696
36 811
43 989
Living cost
7 783
7 783
7 783
7 783
Free-cash
28 075
27 913
29 028
36 206

Estimated living cost  is ₴7783 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
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.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40455
₴37794
₴23691
₴26255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
8 509
pensions
-
-
-
12 700
health
-
-
-
8 255
total
-
-
-
29 464
Employee
12 151
-
47 459
-
income
1 368
-
9 150
-
pensions
243
-
949
-
unemployment
194
-
759
-
total
1 805
-
10 858
-
Employer
12 151
-
47 459
-
unemployment
98
-
380
-
pensions
2 430
-
9 492
-
health
1 579
-
6 170
-
total
4 107
-
16 042
-
Corporate
47 242
63 500
-
-
income
9 449
12 700
-
-
total
9 449
12 700
-
-
Dividends
37 793
50 800
-
-
total
-
-
-
-
Income
63 500
63 500
63 500
63 500
Total tax
15 361
12 700
26 900
29 464
After tax
48 139
50 800
36 600
34 036
Living cost
10 345
10 345
10 345
10 345
Free-cash
37 794
40 455
26 255
23 691

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4223
₴3707
₴34085
₴24722
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
accident
-
-
-
108
income
-
-
-
17 084
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
20 049
Employee
14 734
-
56 482
-
health
1 687
-
6 467
-
income
2 021
-
12 679
-
pensions
1 659
-
3 248
-
total
5 367
-
22 394
-
Employer
14 734
-
56 482
-
accident
246
-
943
-
unemployment
361
-
1 384
-
pensions
2 396
-
4 691
-
total
3 003
-
7 018
-
Corporate
45 763
63 500
-
-
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.

41 187
57 150
-
-
total
41 187
57 150
-
-
Dividends
4 576
6 350
-
-
withholding
870
1 207
-
-
total
870
1 207
-
-
Income
63 500
63 500
63 500
63 500
Total tax
50 427
58 357
29 412
20 049
After tax
13 073
5 143
34 088
43 451
Living cost
9 366
9 366
9 366
9 366
Free-cash
3 707
-4 223
24 722
34 085

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56472
₴55750
₴59012
₴46947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
63 500
microenterprise

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

-
-
-
635
total
-
-
-
635
Employee
4 817
-
63 500
-
income
963
-
12 700
-
total
963
-
12 700
-
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%.

58 683
63 500
-
-
total
-
-
-
-
Dividends
58 683
63 500
-
-
withholding
2 934
3 175
-
-
total
2 934
3 175
-
-
Income
63 500
63 500
63 500
63 500
Total tax
3 897
3 175
12 700
635
After tax
59 603
60 325
50 800
62 865
Living cost
3 853
3 853
3 853
3 853
Free-cash
55 750
56 472
46 947
59 012

Estimated living cost  is ₴3853 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35241
₴32349
₴22238
₴24863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
8 800
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.

-
-
-
15 239
other
-
-
-
3 016
health
-
-
-
2 794
total
-
-
-
29 849
Employee
15 552
-
50 719
-
health
218
-
710
-
income
2 677
-
9 676
-
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.

1 088
-
3 550
-
unemployment
155
-
507
-
total
4 138
-
14 443
-
Employer
15 552
-
50 719
-
accident
124
-
406
-
other
778
-
2 536
-
unemployment
155
-
507
-
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.

2 644
-
8 622
-
health
218
-
710
-
total
3 919
-
12 781
-
Corporate
44 029
63 500
-
-
income
9 246
13 335
-
-
total
9 246
13 335
-
-
Dividends
34 783
50 165
-
-
withholding
2 435
3 511
-
-
total
2 435
3 511
-
-
Income
63 500
63 500
63 500
63 500
Total tax
19 738
16 846
27 224
29 849
After tax
43 762
46 654
36 276
33 651
Living cost
11 413
11 413
11 413
11 413
Free-cash
32 349
35 241
24 863
22 238

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14137
₴12930
₴14280
₴8466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
16 852
pensions
-
-
-
3 623
total
-
-
-
20 475
Employee
40 669
-
55 584
-
health
670
-
853
-
income
7 331
-
12 974
-
pensions
3 923
-
4 546
-
total
11 924
-
18 373
-
Employer
40 669
-
55 584
-
pensions
4 802
-
6 860
-
health
772
-
1 056
-
total
5 574
-
7 916
-
Corporate
17 256
63 500
-
-
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.

3 279
12 065
-
-
total
3 279
12 065
-
-
Dividends
13 977
51 435
-
-
withholding
1 048
8 553
-
-
total
1 048
8 553
-
-
Income
63 500
63 500
63 500
63 500
Total tax
21 825
20 618
26 289
20 475
After tax
41 675
42 882
37 211
43 025
Living cost
28 745
28 745
28 745
28 745
Free-cash
12 930
14 137
8 466
14 280

Estimated living cost  is ₴28745 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴48673
₴46683
₴44358
₴46719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
9 525
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
13 523
Employee
7 440
-
60 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
6 056
-
pensions

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

653
-
1 314
-
total
1 821
-
8 224
-
Employer
7 440
-
60 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
54 600
63 500
-
-
income
5 460
6 350
-
-
total
5 460
6 350
-
-
Dividends
49 140
57 150
-
-
withholding
2 457
2 858
-
-
total
2 457
2 858
-
-
Income
63 500
63 500
63 500
63 500
Total tax
11 198
9 208
11 162
13 523
After tax
52 302
54 292
52 338
49 977
Living cost
5 619
5 619
5 619
5 619
Free-cash
46 683
48 673
46 719
44 358

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7509
₴8586
₴12137
₴14626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
17 312
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
27 612
Employee
39 710
36 576
55 540
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
6 864
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
17 164
-
Employer
39 710
36 576
55 540
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
16 837
20 519
-
-
income
3 367
4 104
-
-
total
3 367
4 104
-
-
Dividends
13 470
16 415
-
-
income
2 863
3 489
-
-
withholding
2 021
2 462
-
-
total
4 884
5 951
-
-
Income
63 500
63 500
63 500
63 500
Total tax
31 163
32 240
25 123
27 612
After tax
32 337
31 260
38 377
35 888
Living cost
23 751
23 751
23 751
23 751
Free-cash
8 586
7 509
14 626
12 137

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴33462
₴29802
₴23883
₴21966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
6 025
health
-
-
-
8 573
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
29 359
Employee
15 086
-
47 388
-
social contributions
981
-
3 080
-
health
2 037
-
6 397
-
solidarity contribution
-
-
-
-
income
1 810
-
5 687
-
total
4 828
-
15 164
-
Employer
15 086
-
47 388
-
social contributions
3 771
-
11 847
-
health
1 358
-
4 265
-
total
5 129
-
16 112
-
Corporate
43 285
63 500
-
-
income
8 224
12 065
-
-
total
8 224
12 065
-
-
Dividends
35 061
51 435
-
-
withholding
5 259
7 715
-
-
total
5 259
7 715
-
-
Income
63 500
63 500
63 500
63 500
Total tax
23 440
19 780
31 276
29 359
After tax
40 060
43 720
32 224
34 141
Living cost
10 258
10 258
10 258
10 258
Free-cash
29 802
33 462
21 966
23 883

Estimated living cost  is ₴10258 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
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.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15806
₴13570
₴12974
₴10026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
municipal
-
-
-
377
regional
-
-
-
737
national
-
-
-
15 007
social contributions
-
-
-
16 332
total
-
-
-
32 453
Employee
38 066
-
63 500
-
social contributions
12 836
-
21 413
-
regional
359
-
649
-
municipal
202
-
337
-
national
6 596
-
13 002
-
total
19 993
-
35 401
-
Employer
38 066
-
63 500
-
total
-
-
-
-
Corporate
25 434
63 500
-
-
nationa
6 104
15 240
-
-
municipal
992
2 477
-
-
total
7 096
17 717
-
-
Dividends
18 338
45 783
-
-
withholding
4 768
11 904
-
-
total
4 768
11 904
-
-
Income
63 500
63 500
63 500
63 500
Total tax
31 857
29 621
35 401
32 453
After tax
31 643
33 879
28 099
31 047
Living cost
18 073
18 073
18 073
18 073
Free-cash
13 570
15 806
10 026
12 974

Estimated living cost  is ₴18073 per week

₴12598
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.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30490
₴29158
₴20681
₴18811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
15 546
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 233
total
-
-
-
33 368
Employee
14 164
-
52 458
-
other
-
-
-
-
health
362
-
1 338
-
surtax
46
-
1 937
-
income
2 374
-
13 771
-
pensions
944
-
3 499
-
unemployment
986
-
3 651
-
total
4 712
-
24 196
-
Employer
14 164
-
52 458
-
other
-
-
-
-
unemployment
449
-
1 663
-
pensions
1 888
-
6 993
-
health
645
-
2 386
-
total
2 982
-
11 042
-
Corporate
46 355
63 500
-
-
income
12 052
16 510
-
-
total
12 052
16 510
-
-
Dividends
34 302
46 990
-
-
withholding
5 145
7 049
-
-
total
5 145
7 049
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 891
23 559
35 238
33 368
After tax
38 609
39 941
28 262
30 132
Living cost
9 451
9 451
9 451
9 451
Free-cash
29 158
30 490
18 811
20 681

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
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.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23244
₴24557
₴23387
₴17573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
16 852
pensions
-
-
-
3 623
total
-
-
-
20 475
Employee
27 256
-
55 584
-
health
396
-
853
-
income
4 909
-
12 974
-
pensions
2 313
-
4 546
-
total
7 618
-
18 373
-
Employer
27 256
-
55 584
-
pensions
2 950
-
6 860
-
health
518
-
1 056
-
total
3 468
-
7 916
-
Corporate
32 776
63 500
-
-
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.

6 227
12 065
-
-
total
6 227
12 065
-
-
Dividends
26 549
51 435
-
-
withholding
1 992
8 553
-
-
total
1 992
8 553
-
-
Income
63 500
63 500
63 500
63 500
Total tax
19 305
20 618
26 289
20 475
After tax
44 195
42 882
37 211
43 025
Living cost
19 638
19 638
19 638
19 638
Free-cash
24 557
23 244
17 573
23 387

Estimated living cost  is ₴19638 per week

₴14712
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3335
₴10515
₴19554
₴16466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
city
-
-
-
669
pensions
-
-
-
5 842
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.

-
-
-
1 270
regional
-
-
-
2 858
health
-
-
-
143
national
-
-
-
792
total
-
-
-
11 574
Employee
37 883
-
56 835
-
city
407
-
610
-
regional
1 240
-
2 464
-
health
86
-
128
-
pensions
3 183
-
4 775
-
unemployment
-
-
-
-
national
179
-
645
-
total
5 095
-
8 622
-
Employer
37 883
-
56 835
-
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.

757
-
1 137
-
unemployment
-
-
-
-
pensions
3 183
-
4 775
-
health
86
-
128
-
total
4 026
-
6 040
-
Corporate
21 174
63 500
-
-
regional
4 478
13 430
-
-
national
1 800
5 398
-
-
total
6 278
18 828
-
-
Dividends
14 896
44 672
-
-
withholding
5 214
15 635
-
-
total
5 214
15 635
-
-
Income
63 500
63 500
63 500
63 500
Total tax
20 613
34 463
14 662
11 574
After tax
42 887
29 037
48 838
51 926
Living cost
32 372
32 372
32 372
32 372
Free-cash
10 515
-3 335
16 466
19 554

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11773
₴18718
₴14167
₴21642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
trade
-
-
-
7 475
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.

-
-
-
18 304
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.

-
-
-
2 926
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.

-
-
-
1 007
total
-
-
-
29 712
Employee

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

25 741
-
63 500
-
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.

2 926
-
2 926
-
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.

167
-
1 007
-
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.

3 027
-
18 304
-
total
6 120
-
22 237
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 759
63 500
-
-
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.

311
524
-
-
income
5 664
9 525
-
-
trade
6 476
10 890
-
-
chamber of commerce
118
154
-
-
total
12 569
21 093
-
-
Dividends
25 191
42 406
-
-
surtax

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

337
574
-
-
withholding
6 135
10 439
-
-
total
6 472
11 013
-
-
Income
63 500
63 500
63 500
63 500
Total tax
25 161
32 106
22 237
29 712
After tax
38 339
31 394
41 263
33 788
Living cost
19 621
19 621
19 621
19 621
Free-cash
18 718
11 773
21 642
14 167

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17350
₴19880
₴21323
₴21579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
8 971
pensions
-
-
-
12 462
other
-
-
-
1 969
health
-
-
-
2 312
surtax
-
-
-
-
social contributions
-
-
-
1 809
total
-
-
-
27 523
Employee
18 331
-
49 871
-
social contributions
523
-
1 421
-
surtax
-
-
-
-
income
1 082
-
9 052
-
pensions
2 073
-
3 166
-
total
3 678
-
13 639
-
Employer
18 331
-
49 871
-
other
632
-
1 817
-
social contributions
55
-
150
-
unemployment
742
-
2 020
-
pensions
3 011
-
5 384
-
health
1 283
-
4 257
-
total
5 723
-
13 628
-
Corporate
39 444
63 500
-
-
surtax
-
-
-
-
income
11 044
17 780
-
-
total
11 044
17 780
-
-
Dividends
28 400
45 720
-
-
surtax
-
-
-
-
social contributions
4 886
7 864
-
-
withholding
3 635
5 852
-
-
total
8 521
13 716
-
-
Income
63 500
63 500
63 500
63 500
Total tax
28 966
31 496
27 267
27 523
After tax
34 534
32 004
36 233
35 977
Living cost
14 654
14 654
14 654
14 654
Free-cash
19 880
17 350
21 579
21 323

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18802
₴21181
₴22775
₴23031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
8 971
pensions
-
-
-
12 462
other
-
-
-
1 969
health
-
-
-
2 312
surtax
-
-
-
-
social contributions
-
-
-
1 809
total
-
-
-
27 523
Employee
16 363
-
49 871
-
social contributions
467
-
1 421
-
surtax
-
-
-
-
income
844
-
9 052
-
pensions
1 851
-
3 166
-
total
3 162
-
13 639
-
Employer
16 363
-
49 871
-
other
565
-
1 817
-
social contributions
49
-
150
-
unemployment
662
-
2 020
-
pensions
2 689
-
5 384
-
health
1 145
-
4 257
-
total
5 110
-
13 628
-
Corporate
42 027
63 500
-
-
surtax
-
-
-
-
income
11 768
17 780
-
-
total
11 768
17 780
-
-
Dividends
30 259
45 720
-
-
surtax
-
-
-
-
social contributions
5 204
7 864
-
-
withholding
3 873
5 852
-
-
total
9 077
13 716
-
-
Income
63 500
63 500
63 500
63 500
Total tax
29 117
31 496
27 267
27 523
After tax
34 383
32 004
36 233
35 977
Living cost
13 202
13 202
13 202
13 202
Free-cash
21 181
18 802
23 031
22 775

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29659
₴29880
₴31698
₴30739
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
9 525
health
-
-
-
4 432
social contributions
-
-
-
8 763
total
-
-
-
22 720
Employee
14 522
-
63 500
-
social contributions
2 004
-
8 763
-
health
1 014
-
4 432
-
income
2 422
-
10 484
-
total
5 440
-
23 679
-
Employer
14 522
-
63 500
-
total
-
-
-
-
Corporate
48 978
63 500
-
-
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%.

2 449
3 175
-
-
total
2 449
3 175
-
-
Dividends
46 529
60 325
-
-
health
3 248
4 210
-
-
social contributions
6 421
8 325
-
-
withholding
6 980
9 049
-
-
total
16 649
21 584
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 538
24 759
23 679
22 720
After tax
38 962
38 741
39 821
40 780
Living cost
9 082
9 082
9 082
9 082
Free-cash
29 880
29 659
30 739
31 698

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴20156
₴19494
₴17407
₴1511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
chamber of commerce
-
-
-
254
income
-
-
-
14 951
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
31 001
Employee
21 405
17 069
49 243
-
other
214
171
493
-
health
828
661
1 906
-
income
2 437
1 259
11 815
-
pensions
2 192
1 748
5 043
-
unemployment
642
512
1 478
-
total
6 313
4 351
20 735
-
Employer
21 405
17 069
49 243
-
accident
278
222
640
-
other
1 017
810
2 339
-
chamber of commerce
85
68
197
-
unemployment
642
512
1 478
-
surtax
85
85
85
-
pensions
2 686
2 143
6 180
-
payroll
642
512
1 478
-
health
809
645
1 861
-
total
6 244
4 997
14 258
-
Corporate
35 851
41 434
47 617
-
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.

8 963
10 358
11 904
-
total
8 963
10 358
11 904
-
Dividends
26 888
31 076
-
-
withholding
7 394
8 546
-
-
total
7 394
8 546
-
-
Income
63 500
63 500
63 500
63 500
Total tax
28 914
28 252
46 897
31 001
After tax
34 586
35 248
16 603
32 499
Living cost
15 092
15 092
15 092
15 092
Free-cash
19 494
20 156
1 511
17 407

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
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.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19921
₴13497
₴12164
₴7407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
national
-
-
-
22 573
communal

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

-
-
-
3 214
social contributions
-
-
-
9 932
total
-
-
-
35 719
Employee

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

30 637
-
49 183
-
communal

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

1 598
-
2 565
-
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.

1 439
-
2 312
-
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.

2 298
-
3 689
-
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.

267
-
428
-
national
9 419
-
17 166
-
total
15 021
-
26 160
-
Employer

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

30 637
-
49 183
-
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.

398
-
640
-
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.

447
-
718
-
surtax
3 474
-
5 577
-
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.

2 715
-
4 357
-
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.

1 884
-
3 024
-
total
8 918
-
14 316
-
Corporate
23 944
63 500
-
-
surtax
96
254
-
-
income
4 789
12 700
-
-
total
4 885
12 954
-
-
Dividends
19 060
50 546
-
-
withholding

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

5 562
15 008
-
-
total
5 562
15 008
-
-
Income
63 500
63 500
63 500
63 500
Total tax
34 386
27 962
40 476
35 719
After tax
29 114
35 538
23 024
27 781
Living cost
15 617
15 617
15 617
15 617
Free-cash
13 497
19 921
7 407
12 164

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27003
₴23857
₴20301
₴18470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
accident
-
-
-
358
income
-
-
-
15 820
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 731
Employee
21 320
-
50 844
-
other
21
-
40
-
income
4 498
-
14 385
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
16 906
-
Employer
21 320
-
50 844
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
35 384
63 500
-
-
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.

5 308
9 525
-
-
total
5 308
9 525
-
-
Dividends
30 076
53 975
-
-
withholding
6 219
11 504
-
-
total
6 219
11 504
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 175
21 029
29 562
27 731
After tax
39 325
42 471
33 938
35 769
Living cost
15 468
15 468
15 468
15 468
Free-cash
23 857
27 003
18 470
20 301

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
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.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14529
₴9675
₴9456
₴11988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
accident
-
-
-
536
income
-
-
-
9 091
pensions
-
-
-
9 518
health
-
-
-
4 462
surtax
-
-
-
3 148
communal
-
-
-
4 013
total
-
-
-
30 768
Employee
32 436
-
56 722
-
health
1 444
-
2 524
-
surtax
1 988
-
3 476
-
income
3 133
-
10 920
-
pensions
2 594
-
4 538
-
total
9 159
-
21 458
-
Employer
32 436
-
56 722
-
accident
292
-
510
-
pensions
2 594
-
4 538
-
health
989
-
1 730
-
total
3 875
-
6 778
-
Corporate
27 189
63 500
-
-
surtax
285
666
-
-
communal
1 835
4 286
-
-
income
4 079
9 525
-
-
total
6 199
14 477
-
-
Dividends
20 990
49 022
-
-
income
8 167
3 865
-
-
withholding
3 149
7 353
-
-
total
11 316
11 218
-
-
Income
63 500
63 500
63 500
63 500
Total tax
30 549
25 695
28 236
30 768
After tax
32 951
37 805
35 264
32 732
Living cost
23 276
23 276
23 276
23 276
Free-cash
9 675
14 529
11 988
9 456

Estimated living cost  is ₴23276 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
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.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30321
₴28960
₴20512
₴18642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
15 546
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 233
total
-
-
-
33 368
Employee
14 424
-
52 458
-
other
-
-
-
-
health
368
-
1 338
-
surtax
51
-
1 937
-
income
2 418
-
13 771
-
pensions
962
-
3 499
-
unemployment
1 004
-
3 651
-
total
4 803
-
24 196
-
Employer
14 424
-
52 458
-
other
-
-
-
-
unemployment
458
-
1 663
-
pensions
1 923
-
6 993
-
health
656
-
2 386
-
total
3 037
-
11 042
-
Corporate
46 039
63 500
-
-
income
11 970
16 510
-
-
total
11 970
16 510
-
-
Dividends
34 069
46 990
-
-
withholding
5 110
7 049
-
-
total
5 110
7 049
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 920
23 559
35 238
33 368
After tax
38 580
39 941
28 262
30 132
Living cost
9 620
9 620
9 620
9 620
Free-cash
28 960
30 321
18 642
20 512

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21839
₴20888
₴19288
₴16355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
municipal
-
-
-
377
regional
-
-
-
958
national
-
-
-
15 007
social contributions
-
-
-
16 332
total
-
-
-
32 674
Employee
23 759
-
63 500
-
social contributions
8 012
-
21 413
-
regional
320
-
855
-
municipal
126
-
337
-
national
3 764
-
13 002
-
total
12 222
-
35 607
-
Employer
23 759
-
63 500
-
total
-
-
-
-
Corporate
39 741
63 500
-
-
nationa
9 537
15 240
-
-
municipal
1 975
3 156
-
-
total
11 512
18 396
-
-
Dividends
28 228
45 104
-
-
withholding
7 340
11 727
-
-
total
7 340
11 727
-
-
Income
63 500
63 500
63 500
63 500
Total tax
31 074
30 123
35 607
32 674
After tax
32 426
33 377
27 893
30 826
Living cost
11 538
11 538
11 538
11 538
Free-cash
20 888
21 839
16 355
19 288

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31079
₴26569
₴21500
₴19583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
6 025
health
-
-
-
8 573
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
29 359
Employee
18 589
-
47 388
-
social contributions
1 208
-
3 080
-
health
2 510
-
6 397
-
solidarity contribution
-
-
-
-
income
2 231
-
5 687
-
total
5 949
-
15 164
-
Employer
18 589
-
47 388
-
social contributions
4 647
-
11 847
-
health
1 673
-
4 265
-
total
6 320
-
16 112
-
Corporate
38 590
63 500
-
-
income
7 332
12 065
-
-
total
7 332
12 065
-
-
Dividends
31 258
51 435
-
-
withholding
4 689
7 715
-
-
total
4 689
7 715
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 290
19 780
31 276
29 359
After tax
39 210
43 720
32 224
34 141
Living cost
12 641
12 641
12 641
12 641
Free-cash
26 569
31 079
19 583
21 500

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21629
₴21417
₴18919
₴2955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
chamber of commerce
-
-
-
254
income
-
-
-
14 951
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
30 916
Employee
18 723
17 069
49 308
-
other
187
171
493
-
health
724
661
1 908
-
income
1 668
1 259
11 838
-
pensions
1 917
1 748
5 049
-
unemployment
562
512
1 479
-
total
5 058
4 351
20 767
-
Employer
18 723
17 069
49 308
-
accident
243
222
641
-
other
889
810
2 343
-
chamber of commerce
75
68
198
-
unemployment
562
512
1 479
-
surtax
-
-
-
-
pensions
2 350
2 143
6 188
-
payroll
562
512
1 479
-
health
708
645
1 864
-
total
5 389
4 912
14 192
-
Corporate
39 389
41 519
47 683
-
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.

9 847
10 380
11 921
-
total
9 847
10 380
11 921
-
Dividends
29 542
31 139
-
-
withholding
8 124
8 563
-
-
total
8 124
8 563
-
-
Income
63 500
63 500
63 500
63 500
Total tax
28 418
28 206
46 880
30 916
After tax
35 082
35 294
16 620
32 584
Living cost
13 665
13 665
13 665
13 665
Free-cash
21 417
21 629
2 955
18 919

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54320
₴53194
₴56860
₴44795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
63 500
microenterprise

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

-
-
-
635
total
-
-
-
635
Employee
7 506
-
63 500
-
income
1 501
-
12 700
-
total
1 501
-
12 700
-
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%.

55 994
63 500
-
-
total
-
-
-
-
Dividends
55 994
63 500
-
-
withholding
2 800
3 175
-
-
total
2 800
3 175
-
-
Income
63 500
63 500
63 500
63 500
Total tax
4 301
3 175
12 700
635
After tax
59 199
60 325
50 800
62 865
Living cost
6 005
6 005
6 005
6 005
Free-cash
53 194
54 320
44 795
56 860

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
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.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32232
₴28650
₴20132
₴18451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
income
-
-
-
13 940
pensions
-
-
-
11 597
unemployment
-
-
-
95
health
-
-
-
6 248
total
-
-
-
31 880
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.

18 940
-
54 944
-
health
1 223
-
3 550
-
income
3 266
-
12 863
-
pensions
2 936
-
8 517
-
unemployment
27
-
77
-
total
7 452
-
25 007
-
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.

18 940
-
54 944
-
unemployment
11
-
33
-
pensions
1 676
-
4 862
-
health
1 261
-
3 659
-
total
2 948
-
8 554
-
Corporate
41 611
63 500
-
-
income
7 906
12 065
-
-
total
7 906
12 065
-
-
Dividends
33 705
51 435
-
-
withholding
5 056
7 715
-
-
total
5 056
7 715
-
-
Income
63 500
63 500
63 500
63 500
Total tax
23 362
19 780
33 561
31 880
After tax
40 138
43 720
29 939
31 620
Living cost
11 488
11 488
11 488
11 488
Free-cash
28 650
32 232
18 451
20 132

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20137
-₴415
₴25388
₴39365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
12 377
social contributions
-
-
-
7 239
total
-
-
-
19 616
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
63 500
-
-
income
-
13 970
-
-
total
-
13 970
-
-
Dividends
-
49 530
-
-
income
-
10 897
-
-
total
-
10 897
-
-
Income
63 500
63 500
63 500
63 500
Total tax
45 419
24 867
5 639
19 616
After tax
18 081
38 633
57 861
43 884
Living cost
18 496
18 496
18 496
18 496
Free-cash
-415
20 137
39 365
25 388

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22684
₴22253
₴20987
₴16525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
income
-
-
-
7 012
surtax
-
-
-
-
social contributions

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

-
-
-
22 066
total
-
-
-
29 078
Employee
19 699
-
51 313
-
social contributions
2 167
-
5 644
-
surtax
-
-
-
-
income
4 097
-
15 709
-
total
6 264
-
21 353
-
Employer
19 699
-
51 313
-
social contributions
4 678
-
12 187
-
total
4 678
-
12 187
-
Corporate
39 122
63 500
-
-
surtax
-
-
-
-
income
8 216
13 335
-
-
total
8 216
13 335
-
-
Dividends
30 907
50 165
-
-
withholding
8 654
14 046
-
-
total
8 654
14 046
-
-
Income
63 500
63 500
63 500
63 500
Total tax
27 812
27 381
33 540
29 078
After tax
35 688
36 119
29 960
34 422
Living cost
13 435
13 435
13 435
13 435
Free-cash
22 253
22 684
16 525
20 987

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11317
₴14262
₴15290
₴15546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
8 971
pensions
-
-
-
12 462
other
-
-
-
1 969
health
-
-
-
2 312
surtax
-
-
-
-
social contributions
-
-
-
1 809
total
-
-
-
27 523
Employee
26 826
-
49 871
-
social contributions
764
-
1 421
-
surtax
-
-
-
-
income
2 341
-
9 052
-
pensions
3 034
-
3 166
-
total
6 139
-
13 639
-
Employer
26 826
-
49 871
-
other
926
-
1 817
-
social contributions
80
-
150
-
unemployment
1 087
-
2 020
-
pensions
4 408
-
5 384
-
health
1 878
-
4 257
-
total
8 379
-
13 628
-
Corporate
28 296
63 500
-
-
surtax
-
-
-
-
income
7 922
17 780
-
-
total
7 922
17 780
-
-
Dividends
20 373
45 720
-
-
surtax
-
-
-
-
social contributions
3 504
7 864
-
-
withholding
2 607
5 852
-
-
total
6 111
13 716
-
-
Income
63 500
63 500
63 500
63 500
Total tax
28 551
31 496
27 267
27 523
After tax
34 949
32 004
36 233
35 977
Living cost
20 687
20 687
20 687
20 687
Free-cash
14 262
11 317
15 546
15 290

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44275
₴42836
₴34303
₴35992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
2 352
social contributions
-
-
-
13 970
total
-
-
-
16 322
Employee
13 770
-
54 979
-
income
-
-
2 539
-
social contributions
895
-
3 573
-
total
895
-
6 112
-
Employer
13 770
-
54 979
-
social contributions
2 134
-
8 521
-
total
2 134
-
8 521
-
Corporate
47 596
63 500
-
-
income
4 760
6 350
-
-
total
4 760
6 350
-
-
Dividends
42 836
57 150
-
-
total
-
-
-
-
Income
63 500
63 500
63 500
63 500
Total tax
7 789
6 350
14 633
16 322
After tax
55 711
57 150
48 867
47 178
Living cost
12 875
12 875
12 875
12 875
Free-cash
42 836
44 275
35 992
34 303

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29861
-₴29861
₴17506
-₴29861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
municipal
-
-
-
12 872
pensions
-
-
-
371
national
-
-
-
7 064
labour market
-
-
-
5 050
total
-
-
-
25 357
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
63 500
63 500
63 500
63 500
Total tax
72 724
72 724
72 724
25 357
After tax
-9 224
-9 224
-9 224
38 143
Living cost
20 637
20 637
20 637
20 637
Free-cash
-29 861
-29 861
-29 861
17 506

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4085
₴3729
₴34223
₴24860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
accident
-
-
-
108
income
-
-
-
17 084
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
20 049
Employee
14 517
-
56 482
-
health
1 662
-
6 467
-
income
1 992
-
12 679
-
pensions
1 635
-
3 248
-
total
5 289
-
22 394
-
Employer
14 517
-
56 482
-
accident
242
-
943
-
unemployment
356
-
1 384
-
pensions
2 360
-
4 691
-
total
2 958
-
7 018
-
Corporate
46 025
63 500
-
-
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.

41 422
57 150
-
-
total
41 422
57 150
-
-
Dividends
4 603
6 350
-
-
withholding
874
1 207
-
-
total
874
1 207
-
-
Income
63 500
63 500
63 500
63 500
Total tax
50 543
58 357
29 412
20 049
After tax
12 957
5 143
34 088
43 451
Living cost
9 228
9 228
9 228
9 228
Free-cash
3 729
-4 085
24 860
34 223

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24088
₴24878
₴26249
₴17626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
63 500
municipal
-
-
-
11 286
health
-
-
-
799
national
-
-
-
8 722
total
-
-
-
20 807
Employee
22 534
-
53 420
-
health
168
-
644
-
municipal
3 691
-
8 707
-
pensions
1 521
-
3 606
-
unemployment
338
-
801
-
national
372
-
5 592
-
total
6 090
-
19 350
-
Employer
22 534
-
53 420
-
accident
23
-
54
-
unemployment
146
-
347
-
pensions
3 910
-
9 268
-
health
173
-
411
-
total
4 252
-
10 080
-
Corporate
36 714
63 500
-
-
income
7 343
12 700
-
-
total
7 343
12 700
-
-
Dividends

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

22 028
38 100
-
-
national
528
3 410
-
-
municipal
3 965
6 858
-
-
total
4 493
10 268
-
-
Income
63 500
63 500
63 500
63 500
Total tax
22 178
22 968
29 430
20 807
After tax
41 322
40 532
34 070
42 693
Living cost
16 444
16 444
16 444
16 444
Free-cash
24 878
24 088
17 626
26 249

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36447
₴34115
₴34084
₴33492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
10 950
health
-
-
-
1 619
social contributions
-
-
-
6 930
total
-
-
-
19 499
Employee
32 935
32 935
58 726
-
social contributions
1 245
2 733
3 687
-
health
255
560
998
-
income
3 586
3 049
10 632
-
total
5 086
6 342
15 317
-
Employer
32 935
32 935
58 726
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 087
-
total
1 522
3 343
4 774
-
Corporate
46 974
27 222
-
-
income
5 872
3 402
-
-
total
5 872
3 402
-
-
Dividends
41 103
23 819
-
-
withholding
6 988
4 049
-
-
total
6 988
4 049
-
-
Income
63 500
63 500
63 500
63 500
Total tax
19 468
17 136
20 091
19 499
After tax
44 032
46 364
43 409
44 001
Living cost
9 917
9 917
9 917
9 917
Free-cash
34 115
36 447
33 492
34 084

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45785
₴43604
₴46051
₴37461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
63 500
income
-
-
-
6 362
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
10 649
Employee

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

9 831
-
59 314
-
health
836
-
3 454
-
income
672
-
5 300
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
15 053
-
Employer

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

9 831
-
59 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
52 657
63 500
-
-
income
4 739
5 715
-
-
total
4 739
5 715
-
-
Dividends
47 917
57 785
-
-
withholding
4 313
5 200
-
-
total
4 313
5 200
-
-
Income
63 500
63 500
63 500
63 500
Total tax
13 096
10 915
19 239
10 649
After tax
50 404
52 585
44 261
52 851
Living cost
6 800
6 800
6 800
6 800
Free-cash
43 604
45 785
37 461
46 051

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30693
₴28714
₴23991
₴22160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
accident
-
-
-
358
income
-
-
-
15 820
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 731
Employee
15 837
-
50 844
-
other
15
-
40
-
income
3 053
-
14 385
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
16 906
-
Employer
15 837
-
50 844
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
42 614
63 500
-
-
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.

6 392
9 525
-
-
total
6 392
9 525
-
-
Dividends
36 222
53 975
-
-
withholding
7 509
11 504
-
-
total
7 509
11 504
-
-
Income
63 500
63 500
63 500
63 500
Total tax
23 008
21 029
29 562
27 731
After tax
40 492
42 471
33 938
35 769
Living cost
11 778
11 778
11 778
11 778
Free-cash
28 714
30 693
22 160
23 991

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38454
₴38261
₴39418
₴39336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
21 440
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
22 912
Employee
1 782
-
62 540
-
health
89
-
213
-
income
345
-
21 395
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
22 035
-
Employer
1 782
-
62 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
61 317
63 500
-
-
income
13 490
13 970
-
-
total
13 490
13 970
-
-
Dividends
47 828
49 530
-
-
withholding
9 566
9 906
-
-
total
9 566
9 906
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 069
23 876
22 994
22 912
After tax
39 431
39 624
40 506
40 588
Living cost
1 170
1 170
1 170
1 170
Free-cash
38 261
38 454
39 336
39 418

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
₴38471
₴36363
₴30040
₴30041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
income
-
-
-
14 086
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
26 052
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.

11 170
-
57 834
-
health
575
-
1 630
-
income
1 540
-
14 086
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
20 385
-
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.

11 170
-
57 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
50 330
63 500
-
-
income
7 550
9 525
-
-
total
7 550
9 525
-
-
Dividends
42 781
53 975
-
-
withholding
6 417
8 096
-
-
total
6 417
8 096
-
-
Income
63 500
63 500
63 500
63 500
Total tax
19 729
17 621
26 051
26 052
After tax
43 771
45 879
37 449
37 448
Living cost
7 408
7 408
7 408
7 408
Free-cash
36 363
38 471
30 041
30 040

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24572
₴24417
₴22875
₴18413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
income
-
-
-
7 012
surtax
-
-
-
-
social contributions

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

-
-
-
22 066
total
-
-
-
29 078
Employee
16 624
-
51 313
-
social contributions
1 829
-
5 644
-
surtax
-
-
-
-
income
3 248
-
15 709
-
total
5 077
-
21 353
-
Employer
16 624
-
51 313
-
social contributions
3 948
-
12 187
-
total
3 948
-
12 187
-
Corporate
42 928
63 500
-
-
surtax
-
-
-
-
income
9 015
13 335
-
-
total
9 015
13 335
-
-
Dividends
33 914
50 165
-
-
withholding
9 496
14 046
-
-
total
9 496
14 046
-
-
Income
63 500
63 500
63 500
63 500
Total tax
27 536
27 381
33 540
29 078
After tax
35 964
36 119
29 960
34 422
Living cost
11 547
11 547
11 547
11 547
Free-cash
24 417
24 572
18 413
22 875

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27418
₴24418
₴20716
₴18885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
accident
-
-
-
358
income
-
-
-
15 820
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
27 731
Employee
20 686
-
50 844
-
other
20
-
40
-
income
4 320
-
14 385
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
16 906
-
Employer
20 686
-
50 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
36 219
63 500
-
-
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.

5 433
9 525
-
-
total
5 433
9 525
-
-
Dividends
30 787
53 975
-
-
withholding
6 368
11 504
-
-
total
6 368
11 504
-
-
Income
63 500
63 500
63 500
63 500
Total tax
24 029
21 029
29 562
27 731
After tax
39 471
42 471
33 938
35 769
Living cost
15 053
15 053
15 053
15 053
Free-cash
24 418
27 418
18 885
20 716

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46920
₴44309
₴42605
₴44966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
9 525
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
13 523
Employee
9 762
-
60 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
6 056
-
pensions

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

857
-
1 314
-
total
2 389
-
8 224
-
Employer
9 762
-
60 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
51 822
63 500
-
-
income
5 182
6 350
-
-
total
5 182
6 350
-
-
Dividends
46 640
57 150
-
-
withholding
2 332
2 858
-
-
total
2 332
2 858
-
-
Income
63 500
63 500
63 500
63 500
Total tax
11 819
9 208
11 162
13 523
After tax
51 681
54 292
52 338
49 977
Living cost
7 372
7 372
7 372
7 372
Free-cash
44 309
46 920
44 966
42 605

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16165
₴21767
₴18472
₴24727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
trade
-
-
-
6 255
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.

-
-
-
18 304
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.

-
-
-
2 926
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.

-
-
-
1 007
total
-
-
-
28 492
Employee

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

21 311
-
63 500
-
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.

2 926
-
2 926
-
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.

97
-
1 007
-
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.

1 752
-
18 304
-
total
4 775
-
22 237
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 189
63 500
-
-
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.

348
524
-
-
income
6 328
9 525
-
-
trade
6 054
9 112
-
-
chamber of commerce
127
158
-
-
total
12 857
19 319
-
-
Dividends
29 332
44 180
-
-
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.

394
598
-
-
withholding
7 171
10 882
-
-
total
7 565
11 480
-
-
Income
63 500
63 500
63 500
63 500
Total tax
25 197
30 799
22 237
28 492
After tax
38 303
32 701
41 263
35 008
Living cost
16 536
16 536
16 536
16 536
Free-cash
21 767
16 165
24 727
18 472

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20050
₴20998
₴10462
₴10462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
18 321
social contributions
-
-
-
10 318
total
-
-
-
28 639
Employee
33 504
-
63 500
-
income
6 322
-
18 321
-
social contributions
2 783
-
10 318
-
total
9 105
-
28 639
-
Employer
33 504
-
63 500
-
total
-
-
-
-
Corporate
29 996
63 500
-
-
income
3 749
7 938
-
-
total
3 749
7 938
-
-
Dividends
26 247
55 562
-
-
withholding
5 249
11 113
-
-
total
5 249
11 113
-
-
Income
63 500
63 500
63 500
63 500
Total tax
18 103
19 051
28 639
28 639
After tax
45 397
44 449
34 861
34 861
Living cost
24 399
24 399
24 399
24 399
Free-cash
20 998
20 050
10 462
10 462

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23464
₴24960
₴32899
₴30331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
61 530
-
income
2 132
-
13 681
-
social contributions
1 969
-
1 970
-
total
4 101
-
15 651
-
Employer
19 648
-
61 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
41 883
63 500
-
-
income
14 659
22 225
-
-
total
14 659
22 225
-
-
Dividends
27 224
41 275
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
63 500
63 500
63 500
63 500
Total tax
22 992
24 488
17 621
15 053
After tax
40 508
39 012
45 879
48 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
24 960
23 464
30 331
32 899

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26917
₴29188
₴27060
₴21246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
income
-
-
-
16 852
pensions
-
-
-
3 623
total
-
-
-
20 475
Employee
21 914
-
55 584
-
health
286
-
853
-
income
3 991
-
12 974
-
pensions
1 673
-
4 546
-
total
5 950
-
18 373
-
Employer
21 914
-
55 584
-
pensions
2 214
-
6 860
-
health
416
-
1 056
-
total
2 630
-
7 916
-
Corporate
38 956
63 500
-
-
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.

7 401
12 065
-
-
total
7 401
12 065
-
-
Dividends
31 555
51 435
-
-
withholding
2 366
8 553
-
-
total
2 366
8 553
-
-
Income
63 500
63 500
63 500
63 500
Total tax
18 347
20 618
26 289
20 475
After tax
45 153
42 882
37 211
43 025
Living cost
15 965
15 965
15 965
15 965
Free-cash
29 188
26 917
21 246
27 060

Estimated living cost  is ₴15965 per week

₴10952
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.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4999
₴3587
₴33309
₴23946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
accident
-
-
-
108
income
-
-
-
17 084
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
20 049
Employee
15 954
-
56 482
-
health
1 827
-
6 467
-
income
2 189
-
12 679
-
pensions
1 796
-
3 248
-
total
5 812
-
22 394
-
Employer
15 954
-
56 482
-
accident
266
-
943
-
unemployment
391
-
1 384
-
pensions
2 594
-
4 691
-
total
3 251
-
7 018
-
Corporate
44 295
63 500
-
-
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.

39 866
57 150
-
-
total
39 866
57 150
-
-
Dividends
4 430
6 350
-
-
withholding
842
1 207
-
-
total
842
1 207
-
-
Income
63 500
63 500
63 500
63 500
Total tax
49 771
58 357
29 412
20 049
After tax
13 729
5 143
34 088
43 451
Living cost
10 142
10 142
10 142
10 142
Free-cash
3 587
-4 999
23 946
33 309

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
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.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47650
₴45647
₴29963
₴38008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
63 500
work injury
-
-
-
318
health insurance
-
-
-
4 699
income
-
-
-
10 289
pensions
-
-
-
11 684
unemployment
-
-
-
762
total
-
-
-
27 752
Employee

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

9 257
-
63 500
-
work injury
46
-
171
-
income
926
-
10 289
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
19 707
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 243
63 500
-
-
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%.

542
635
-
-
total
542
635
-
-
Dividends
53 701
62 865
-
-
withholding
8 055
9 430
-
-
total
8 055
9 430
-
-
Income
63 500
63 500
63 500
63 500
Total tax
12 068
10 065
19 707
27 752
After tax
51 432
53 435
43 793
35 748
Living cost
5 785
5 785
5 785
5 785
Free-cash
45 647
47 650
38 008
29 963

Estimated living cost  is ₴5785 per week

₴3584
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.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴16384
₴14437
₴13232
₴10384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
63 500
municipal
-
-
-
424
regional
-
-
-
1 442
national
-
-
-
15 007
social contributions
-
-
-
16 332
total
-
-
-
33 205
Employee
36 092
-
63 500
-
social contributions
12 170
-
21 413
-
regional
545
-
1 259
-
municipal
215
-
379
-
national
6 099
-
13 002
-
total
19 029
-
36 053
-
Employer
36 092
-
63 500
-
total
-
-
-
-
Corporate
27 408
63 500
-
-
nationa
6 578
15 240
-
-
municipal
1 321
3 061
-
-
total
7 899
18 301
-
-
Dividends
19 509
45 199
-
-
withholding
5 072
11 752
-
-
total
5 072
11 752
-
-
Income
63 500
63 500
63 500
63 500
Total tax
32 000
30 053
36 053
33 205
After tax
31 500
33 447
27 447
30 295
Living cost
17 063
17 063
17 063
17 063
Free-cash
14 437
16 384
10 384
13 232

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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