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
₴ 64500
per

Your estimated
City
free-cash

Dresden , Germany
₴19540
₴24291
₴21814
₴28827
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
trade
-
-
-
7 013
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.

-
-
-
18 701
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.

-
-
-
2 934
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.

-
-
-
1 029
total
-
-
-
29 677
Employee

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

16 427
-
64 500
-
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.

2 934
-
2 934
-
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
-
1 029
-
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.

459
-
18 701
-
total
3 418
-
22 664
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 073
64 500
-
-
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.

397
532
-
-
income
7 211
9 675
-
-
trade
7 572
10 159
-
-
chamber of commerce
134
158
-
-
total
15 314
20 524
-
-
Dividends
32 759
43 976
-
-
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.

442
596
-
-
withholding
8 026
10 831
-
-
total
8 468
11 427
-
-
Income
64 500
64 500
64 500
64 500
Total tax
27 200
31 951
22 664
29 677
After tax
37 300
32 549
41 836
34 823
Living cost
13 009
13 009
13 009
13 009
Free-cash
24 291
19 540
28 827
21 814

Estimated living cost  is ₴13009 per week

₴8183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18577
₴18216
₴16576
₴17082
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
municipal
-
-
-
6 989
pensions
-
-
-
7 740
national
-
-
-
10 831
social contributions
-
-
-
693
total
-
-
-
26 253
Employee
33 595
-
55 760
-
municipal
4 149
-
7 239
-
pensions
1 344
-
2 230
-
national
6 430
-
11 218
-
total
11 923
-
20 687
-
Employer
33 595
-
55 760
-
social contributions
361
-
599
-
pensions
2 688
-
4 461
-
total
3 049
-
5 060
-
Corporate
25 639
64 500
-
-
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%.

5 128
12 900
-
-
total
5 128
12 900
-
-
Dividends
20 511
51 600
-
-
withholding
4 513
11 352
-
-
total
4 513
11 352
-
-
Income
64 500
64 500
64 500
64 500
Total tax
24 613
24 252
25 747
26 253
After tax
39 887
40 248
38 753
38 247
Living cost
21 671
21 671
21 671
21 671
Free-cash
18 216
18 577
17 082
16 576

Estimated living cost  is ₴21671 per week

₴14730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42665
₴39142
₴12101
₴30329
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
microenterprise
-
-
-
-
income
-
-
-
10 561
surtax
-
-
-
16 447
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.

-
-
-
16 456
total
-
-
-
43 464
Employee
12 550
-
46 301
-
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.

1 381
-
5 093
-
surtax
-
-
-
-
income
2 234
-
8 989
-
total
3 615
-
14 082
-
Employer
12 550
-
46 301
-
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.

3 023
-
11 154
-
surtax
-
-
-
-
total
3 023
-
11 154
-
Corporate
48 927
64 500
-
-
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%.

9 785
12 900
-
-
total
9 785
12 900
-
-
Dividends

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

39 142
51 600
-
-
total
-
-
-
-
Income
64 500
64 500
64 500
64 500
Total tax
16 423
12 900
25 236
43 464
After tax
48 077
51 600
39 264
21 036
Living cost
8 935
8 935
8 935
8 935
Free-cash
39 142
42 665
30 329
12 101

Estimated living cost  is ₴8935 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13776
₴11145
₴18394
₴21095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
17 786
pensions
-
-
-
5 032
health
-
-
-
5 296
total
-
-
-
28 114
Employee
36 677
36 677
56 518
-
health
5 629
4 788
5 296
-
income

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

6 003
6 003
7 103
-
pensions
6 602
5 032
5 032
-
total
18 234
15 823
17 431
-
Employer
36 677
36 677
56 518
-
unemployment
1 320
1 320
1 641
-
pensions
2 553
2 553
3 173
-
health
2 549
2 549
3 168
-
total
6 422
6 422
7 982
-
Corporate
21 851
21 401
-
-
income
4 370
4 281
-
-
total
4 370
4 281
-
-
Dividends
17 481
17 120
-
-
income
3 715
3 638
-
-
withholding
2 622
2 568
-
-
total
6 337
6 206
-
-
Income
64 500
64 500
64 500
64 500
Total tax
35 363
32 732
25 413
28 114
After tax
29 137
31 768
39 087
36 386
Living cost
17 992
17 992
17 992
17 992
Free-cash
11 145
13 776
21 095
18 394

Estimated living cost  is ₴17992 per week

₴12750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18695
₴18325
₴17120
₴16718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
municipal
-
-
-
16 106
accident
-
-
-
72
pensions
-
-
-
3 914
other
-
-
-
4 208
unemployment
-
-
-
36
health
-
-
-
2 259
national
-
-
-
4 263
total
-
-
-
30 858
Employee
23 542
-
53 123
-
municipal
7 020
-
15 841
-
national
-
-
4 042
-
total
7 020
-
19 883
-
Employer
23 542
-
53 123
-
accident
47
-
72
-
other
2 736
-
4 208
-
unemployment
621
-
956
-
pensions
2 545
-
3 914
-
health
1 448
-
2 227
-
total
7 397
-
11 377
-
Corporate
33 561
64 500
-
-
income
7 383
14 190
-
-
total
7 383
14 190
-
-
Dividends
26 178
50 310
-
-
withholding
7 853
15 093
-
-
total
7 853
15 093
-
-
Income
64 500
64 500
64 500
64 500
Total tax
29 653
29 283
31 260
30 858
After tax
34 847
35 217
33 240
33 642
Living cost
16 522
16 522
16 522
16 522
Free-cash
18 325
18 695
16 718
17 120

Estimated living cost  is ₴16522 per week

₴10950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
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.
₴3700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15347
₴21381
₴17638
₴24964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
trade
-
-
-
7 326
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.

-
-
-
18 701
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.

-
-
-
2 934
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.

-
-
-
1 029
total
-
-
-
29 990
Employee

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

21 780
-
64 500
-
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.

2 934
-
2 934
-
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.

103
-
1 029
-
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.

1 871
-
18 701
-
total
4 908
-
22 664
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 720
64 500
-
-
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.

352
532
-
-
income
6 408
9 675
-
-
trade
7 027
10 610
-
-
chamber of commerce
126
157
-
-
total
13 913
20 974
-
-
Dividends
28 806
43 525
-
-
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.

387
589
-
-
withholding
7 039
10 718
-
-
total
7 426
11 307
-
-
Income
64 500
64 500
64 500
64 500
Total tax
26 247
32 281
22 664
29 990
After tax
38 253
32 219
41 836
34 510
Living cost
16 872
16 872
16 872
16 872
Free-cash
21 381
15 347
24 964
17 638

Estimated living cost  is ₴16872 per week

₴11284
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.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33159
₴31379
₴30714
₴30117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
11 262
health
-
-
-
1 645
social contributions
-
-
-
6 949
total
-
-
-
19 856
Employee
33 026
33 026
59 699
-
social contributions
1 605
2 741
3 697
-
health
328
562
1 015
-
income
3 468
3 057
10 940
-
total
5 401
6 360
15 652
-
Employer
33 026
33 026
59 699
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 104
-
total
1 963
3 352
4 801
-
Corporate
43 206
28 122
-
-
income
5 400
3 515
-
-
total
5 400
3 515
-
-
Dividends
37 805
24 607
-
-
withholding
6 427
4 184
-
-
total
6 427
4 184
-
-
Income
64 500
64 500
64 500
64 500
Total tax
19 191
17 411
20 453
19 856
After tax
45 309
47 089
44 047
44 644
Living cost
13 930
13 930
13 930
13 930
Free-cash
31 379
33 159
30 117
30 714

Estimated living cost  is ₴13930 per week

₴9523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28440
₴28603
₴36865
₴29575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
7 885
pensions
-
-
-
6 450
unemployment
-
-
-
968
health
-
-
-
4 515
total
-
-
-
19 818
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.

11 284
4 491
53 975
-
health
790
314
3 778
-
income
1 380
549
6 598
-
pensions
1 128
449
5 397
-
unemployment
169
67
810
-
total
3 467
1 379
16 583
-
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.

11 284
4 491
53 975
-
pensions
2 200
876
10 525
-
total
2 200
876
10 525
-
Corporate
51 015
59 133
-
-
income
4 591
5 322
-
-
total
4 591
5 322
-
-
Dividends
46 424
53 811
-
-
social contributions
9 001
10 442
-
-
withholding
8 821
10 224
-
-
total
17 822
20 666
-
-
Income
64 500
64 500
64 500
64 500
Total tax
28 080
28 243
27 108
19 818
After tax
36 420
36 257
37 392
44 682
Living cost
7 817
7 817
7 817
7 817
Free-cash
28 603
28 440
29 575
36 865

Estimated living cost  is ₴7817 per week

₴5335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41226
₴38557
₴24198
₴26802
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
8 643
pensions
-
-
-
12 900
health
-
-
-
8 385
total
-
-
-
29 928
Employee
12 184
-
48 207
-
income
1 372
-
9 295
-
pensions
244
-
964
-
unemployment
195
-
771
-
total
1 811
-
11 030
-
Employer
12 184
-
48 207
-
unemployment
98
-
386
-
pensions
2 437
-
9 641
-
health
1 584
-
6 267
-
total
4 119
-
16 294
-
Corporate
48 198
64 500
-
-
income
9 639
12 900
-
-
total
9 639
12 900
-
-
Dividends
38 558
51 600
-
-
total
-
-
-
-
Income
64 500
64 500
64 500
64 500
Total tax
15 569
12 900
27 324
29 928
After tax
48 931
51 600
37 176
34 572
Living cost
10 374
10 374
10 374
10 374
Free-cash
38 557
41 226
26 802
24 198

Estimated living cost  is ₴10374 per week

₴7115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4190
₴3780
₴34716
₴25237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
accident
-
-
-
108
income
-
-
-
17 388
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
20 369
Employee
14 811
-
57 419
-
health
1 696
-
6 575
-
income
2 032
-
12 927
-
pensions
1 668
-
3 265
-
total
5 396
-
22 767
-
Employer
14 811
-
57 419
-
accident
247
-
959
-
unemployment
363
-
1 407
-
pensions
2 408
-
4 715
-
total
3 018
-
7 081
-
Corporate
46 671
64 500
-
-
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.

42 004
58 050
-
-
total
42 004
58 050
-
-
Dividends
4 667
6 450
-
-
withholding
887
1 225
-
-
total
887
1 225
-
-
Income
64 500
64 500
64 500
64 500
Total tax
51 305
59 275
29 848
20 369
After tax
13 195
5 225
34 652
44 131
Living cost
9 415
9 415
9 415
9 415
Free-cash
3 780
-4 190
25 237
34 716

Estimated living cost  is ₴9415 per week

₴6901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57411
₴56687
₴59991
₴47736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
64 500
microenterprise

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

-
-
-
645
total
-
-
-
645
Employee
4 830
-
64 500
-
income
966
-
12 900
-
total
966
-
12 900
-
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%.

59 670
64 500
-
-
total
-
-
-
-
Dividends
59 670
64 500
-
-
withholding
2 983
3 225
-
-
total
2 983
3 225
-
-
Income
64 500
64 500
64 500
64 500
Total tax
3 949
3 225
12 900
645
After tax
60 551
61 275
51 600
63 855
Living cost
3 864
3 864
3 864
3 864
Free-cash
56 687
57 411
47 736
59 991

Estimated living cost  is ₴3864 per week

₴2394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
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.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35944
₴33044
₴22712
₴25381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
8 962
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.

-
-
-
15 480
other
-
-
-
3 064
health
-
-
-
2 838
total
-
-
-
30 344
Employee
15 594
-
51 518
-
health
218
-
721
-
income
2 685
-
9 851
-
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.

1 091
-
3 606
-
unemployment
156
-
515
-
total
4 150
-
14 693
-
Employer
15 594
-
51 518
-
accident
125
-
412
-
other
780
-
2 576
-
unemployment
156
-
515
-
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.

2 651
-
8 758
-
health
218
-
721
-
total
3 930
-
12 982
-
Corporate
44 976
64 500
-
-
income
9 445
13 545
-
-
total
9 445
13 545
-
-
Dividends
35 531
50 955
-
-
withholding
2 487
3 567
-
-
total
2 487
3 567
-
-
Income
64 500
64 500
64 500
64 500
Total tax
20 012
17 112
27 675
30 344
After tax
44 488
47 388
36 825
34 156
Living cost
11 444
11 444
11 444
11 444
Free-cash
33 044
35 944
25 381
22 712

Estimated living cost  is ₴11444 per week

₴8086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
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.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14573
₴13490
₴14743
₴8841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
17 200
pensions
-
-
-
3 656
total
-
-
-
20 856
Employee
40 891
-
56 452
-
health
674
-
863
-
income
7 371
-
13 265
-
pensions
3 945
-
4 582
-
total
11 990
-
18 710
-
Employer
40 891
-
56 452
-
pensions
4 828
-
6 975
-
health
777
-
1 073
-
total
5 605
-
8 048
-
Corporate
18 005
64 500
-
-
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.

3 420
12 255
-
-
total
3 420
12 255
-
-
Dividends
14 584
52 245
-
-
withholding
1 094
8 771
-
-
total
1 094
8 771
-
-
Income
64 500
64 500
64 500
64 500
Total tax
22 109
21 026
26 758
20 856
After tax
42 391
43 474
37 742
43 644
Living cost
28 901
28 901
28 901
28 901
Free-cash
13 490
14 573
8 841
14 743

Estimated living cost  is ₴28901 per week

₴21656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴49511
₴47514
₴45178
₴47586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
9 675
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
13 685
Employee
7 465
-
61 553
-
health
343
-
691
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
6 156
-
pensions

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

655
-
1 319
-
total
1 826
-
8 331
-
Employer
7 465
-
61 553
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

823
-
1 655
-
health
515
-
1 036
-
total
1 465
-
2 946
-
Corporate
55 571
64 500
-
-
income
5 557
6 450
-
-
total
5 557
6 450
-
-
Dividends
50 014
58 050
-
-
withholding
2 501
2 902
-
-
total
2 501
2 902
-
-
Income
64 500
64 500
64 500
64 500
Total tax
11 349
9 352
11 277
13 685
After tax
53 151
55 148
53 223
50 815
Living cost
5 637
5 637
5 637
5 637
Free-cash
47 514
49 511
47 586
45 178

Estimated living cost  is ₴5637 per week

₴3291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴403
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.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴7952
₴9031
₴12570
₴15271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
17 786
pensions
-
-
-
5 032
health
-
-
-
5 296
total
-
-
-
28 114
Employee
39 819
36 677
56 518
-
health
4 968
4 788
5 296
-
income

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

6 003
6 003
7 103
-
pensions
5 032
5 032
5 032
-
total
16 003
15 823
17 431
-
Employer
39 819
36 677
56 518
-
unemployment
1 434
1 320
1 641
-
pensions
2 771
2 553
3 173
-
health
2 767
2 549
3 168
-
total
6 972
6 422
7 982
-
Corporate
17 709
21 401
-
-
income
3 542
4 281
-
-
total
3 542
4 281
-
-
Dividends
14 167
17 120
-
-
income
3 011
3 638
-
-
withholding
2 125
2 568
-
-
total
5 136
6 206
-
-
Income
64 500
64 500
64 500
64 500
Total tax
31 653
32 732
25 413
28 114
After tax
32 847
31 768
39 087
36 386
Living cost
23 816
23 816
23 816
23 816
Free-cash
9 031
7 952
15 271
12 570

Estimated living cost  is ₴23816 per week

₴17568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34084
₴30400
₴24473
₴22407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
6 140
health
-
-
-
8 707
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 856
total
-
-
-
29 703
Employee
15 183
-
48 134
-
social contributions
987
-
3 129
-
health
2 050
-
6 498
-
solidarity contribution
-
-
-
-
income
1 822
-
5 776
-
total
4 859
-
15 403
-
Employer
15 183
-
48 134
-
social contributions
3 796
-
12 034
-
health
1 366
-
4 332
-
total
5 162
-
16 366
-
Corporate
44 155
64 500
-
-
income
8 390
12 255
-
-
total
8 390
12 255
-
-
Dividends
35 766
52 245
-
-
withholding
5 365
7 837
-
-
total
5 365
7 837
-
-
Income
64 500
64 500
64 500
64 500
Total tax
23 776
20 092
31 769
29 703
After tax
40 724
44 408
32 731
34 797
Living cost
10 324
10 324
10 324
10 324
Free-cash
30 400
34 084
22 407
24 473

Estimated living cost  is ₴10324 per week

₴7171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16291
₴14048
₴13357
₴10379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
municipal
-
-
-
383
regional
-
-
-
749
national
-
-
-
15 299
social contributions
-
-
-
16 589
total
-
-
-
33 020
Employee
38 170
-
64 500
-
social contributions
12 871
-
21 749
-
regional
360
-
661
-
municipal
202
-
342
-
national
6 614
-
13 246
-
total
20 047
-
35 998
-
Employer
38 170
-
64 500
-
total
-
-
-
-
Corporate
26 330
64 500
-
-
nationa
6 319
15 480
-
-
municipal
1 027
2 515
-
-
total
7 346
17 995
-
-
Dividends
18 984
46 505
-
-
withholding
4 936
12 091
-
-
total
4 936
12 091
-
-
Income
64 500
64 500
64 500
64 500
Total tax
32 329
30 086
35 998
33 020
After tax
32 171
34 414
28 502
31 480
Living cost
18 123
18 123
18 123
18 123
Free-cash
14 048
16 291
10 379
13 357

Estimated living cost  is ₴18123 per week

₴12633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31094
₴29757
₴21132
₴19134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
15 959
pensions
-
-
-
11 464
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
2 301
total
-
-
-
33 891
Employee
14 203
-
53 284
-
other
-
-
-
-
health
363
-
1 359
-
surtax
46
-
1 985
-
income
2 381
-
14 067
-
pensions
947
-
3 554
-
unemployment
989
-
3 708
-
total
4 726
-
24 673
-
Employer
14 203
-
53 284
-
other
-
-
-
-
unemployment
450
-
1 689
-
pensions
1 893
-
7 103
-
health
646
-
2 424
-
total
2 989
-
11 216
-
Corporate
47 308
64 500
-
-
income
12 300
16 770
-
-
total
12 300
16 770
-
-
Dividends
35 008
47 730
-
-
withholding
5 251
7 159
-
-
total
5 251
7 159
-
-
Income
64 500
64 500
64 500
64 500
Total tax
25 266
23 929
35 889
33 891
After tax
39 234
40 571
28 611
30 609
Living cost
9 477
9 477
9 477
9 477
Free-cash
29 757
31 094
19 134
21 132

Estimated living cost  is ₴9477 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
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.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23730
₴25182
₴23900
₴17998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
17 200
pensions
-
-
-
3 656
total
-
-
-
20 856
Employee
27 404
-
56 452
-
health
398
-
863
-
income
4 936
-
13 265
-
pensions
2 326
-
4 582
-
total
7 660
-
18 710
-
Employer
27 404
-
56 452
-
pensions
2 966
-
6 975
-
health
521
-
1 073
-
total
3 487
-
8 048
-
Corporate
33 609
64 500
-
-
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.

6 386
12 255
-
-
total
6 386
12 255
-
-
Dividends
27 223
52 245
-
-
withholding
2 041
8 771
-
-
total
2 041
8 771
-
-
Income
64 500
64 500
64 500
64 500
Total tax
19 574
21 026
26 758
20 856
After tax
44 926
43 474
37 742
43 644
Living cost
19 744
19 744
19 744
19 744
Free-cash
25 182
23 730
17 998
23 900

Estimated living cost  is ₴19744 per week

₴14792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2950
₴10931
₴20264
₴17129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
city
-
-
-
680
pensions
-
-
-
5 934
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.

-
-
-
1 290
regional
-
-
-
2 926
health
-
-
-
145
national
-
-
-
816
total
-
-
-
11 791
Employee
37 969
-
57 730
-
city
407
-
620
-
regional
1 243
-
2 524
-
health
86
-
130
-
pensions
3 190
-
4 850
-
unemployment
-
-
-
-
national
180
-
667
-
total
5 106
-
8 791
-
Employer
37 969
-
57 730
-
other

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

759
-
1 155
-
unemployment
-
-
-
-
pensions
3 190
-
4 850
-
health
86
-
130
-
total
4 035
-
6 135
-
Corporate
22 079
64 500
-
-
regional
4 670
13 642
-
-
national
1 877
5 482
-
-
total
6 547
19 124
-
-
Dividends
15 532
45 376
-
-
withholding
5 436
15 881
-
-
total
5 436
15 881
-
-
Income
64 500
64 500
64 500
64 500
Total tax
21 124
35 005
14 926
11 791
After tax
43 376
29 495
49 574
52 709
Living cost
32 445
32 445
32 445
32 445
Free-cash
10 931
-2 950
17 129
20 264

Estimated living cost  is ₴32445 per week

₴21098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12211
₴19176
₴14524
₴22161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
trade
-
-
-
7 637
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.

-
-
-
18 701
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.

-
-
-
2 934
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.

-
-
-
1 029
total
-
-
-
30 301
Employee

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

25 811
-
64 500
-
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.

2 934
-
2 934
-
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
-
1 029
-
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.

3 035
-
18 701
-
total
6 136
-
22 664
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 689
64 500
-
-
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.

319
532
-
-
income
5 803
9 675
-
-
trade
6 635
11 062
-
-
chamber of commerce
120
156
-
-
total
12 877
21 425
-
-
Dividends
25 811
43 075
-
-
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.

346
584
-
-
withholding
6 290
10 605
-
-
total
6 636
11 189
-
-
Income
64 500
64 500
64 500
64 500
Total tax
25 649
32 614
22 664
30 301
After tax
38 851
31 886
41 836
34 199
Living cost
19 675
19 675
19 675
19 675
Free-cash
19 176
12 211
22 161
14 524

Estimated living cost  is ₴19675 per week

₴14370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17815
₴20352
₴21834
₴22000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
9 192
pensions
-
-
-
12 564
other
-
-
-
1 999
health
-
-
-
2 379
surtax
-
-
-
-
social contributions
-
-
-
1 838
total
-
-
-
27 972
Employee
18 381
-
50 602
-
social contributions
524
-
1 442
-
surtax
-
-
-
-
income
1 085
-
9 232
-
pensions
2 078
-
3 235
-
total
3 687
-
13 909
-
Employer
18 381
-
50 602
-
other
634
-
1 853
-
social contributions
55
-
152
-
unemployment
744
-
2 049
-
pensions
3 020
-
5 497
-
health
1 287
-
4 346
-
total
5 740
-
13 897
-
Corporate
40 378
64 500
-
-
surtax
-
-
-
-
income
11 306
18 060
-
-
total
11 306
18 060
-
-
Dividends
29 072
46 440
-
-
surtax
-
-
-
-
social contributions
5 000
7 987
-
-
withholding
3 721
5 944
-
-
total
8 721
13 931
-
-
Income
64 500
64 500
64 500
64 500
Total tax
29 454
31 991
27 806
27 972
After tax
35 046
32 509
36 694
36 528
Living cost
14 694
14 694
14 694
14 694
Free-cash
20 352
17 815
22 000
21 834

Estimated living cost  is ₴14694 per week

₴9265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
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.
₴3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19271
₴21657
₴23290
₴23456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
9 192
pensions
-
-
-
12 564
other
-
-
-
1 999
health
-
-
-
2 379
surtax
-
-
-
-
social contributions
-
-
-
1 838
total
-
-
-
27 972
Employee
16 408
-
50 602
-
social contributions
468
-
1 442
-
surtax
-
-
-
-
income
846
-
9 232
-
pensions
1 856
-
3 235
-
total
3 170
-
13 909
-
Employer
16 408
-
50 602
-
other
566
-
1 853
-
social contributions
49
-
152
-
unemployment
664
-
2 049
-
pensions
2 696
-
5 497
-
health
1 148
-
4 346
-
total
5 123
-
13 897
-
Corporate
42 968
64 500
-
-
surtax
-
-
-
-
income
12 031
18 060
-
-
total
12 031
18 060
-
-
Dividends
30 937
46 440
-
-
surtax
-
-
-
-
social contributions
5 321
7 987
-
-
withholding
3 960
5 944
-
-
total
9 281
13 931
-
-
Income
64 500
64 500
64 500
64 500
Total tax
29 605
31 991
27 806
27 972
After tax
34 895
32 509
36 694
36 528
Living cost
13 238
13 238
13 238
13 238
Free-cash
21 657
19 271
23 456
23 290

Estimated living cost  is ₴13238 per week

₴7678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30244
₴30467
₴32315
₴31312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
9 675
health
-
-
-
4 502
social contributions
-
-
-
8 901
total
-
-
-
23 078
Employee
14 562
-
64 500
-
social contributions
2 010
-
8 901
-
health
1 016
-
4 502
-
income
2 429
-
10 678
-
total
5 455
-
24 081
-
Employer
14 562
-
64 500
-
total
-
-
-
-
Corporate
49 938
64 500
-
-
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%.

2 497
3 225
-
-
total
2 497
3 225
-
-
Dividends
47 441
61 275
-
-
health
3 311
4 277
-
-
social contributions
6 547
8 456
-
-
withholding
7 116
9 191
-
-
total
16 974
21 924
-
-
Income
64 500
64 500
64 500
64 500
Total tax
24 926
25 149
24 081
23 078
After tax
39 574
39 351
40 419
41 422
Living cost
9 107
9 107
9 107
9 107
Free-cash
30 467
30 244
31 312
32 315

Estimated living cost  is ₴9107 per week

₴6095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
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.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20662
₴19994
₴17931
₴1662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
chamber of commerce
-
-
-
258
income
-
-
-
15 338
pensions
-
-
-
9 282
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
31 435
Employee
21 464
17 116
50 020
-
other
214
171
500
-
health
831
663
1 936
-
income
2 443
1 262
12 069
-
pensions
2 198
1 752
5 122
-
unemployment
644
513
1 500
-
total
6 330
4 361
21 127
-
Employer
21 464
17 116
50 020
-
accident
279
223
650
-
other
1 020
813
2 376
-
chamber of commerce
86
68
200
-
unemployment
644
513
1 500
-
surtax
85
85
85
-
pensions
2 694
2 148
6 277
-
payroll
644
513
1 500
-
health
811
647
1 891
-
total
6 263
5 010
14 479
-
Corporate
36 775
42 373
48 390
-
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.

9 194
10 593
12 098
-
total
9 194
10 593
12 098
-
Dividends
27 581
31 780
-
-
withholding
7 585
8 740
-
-
total
7 585
8 740
-
-
Income
64 500
64 500
64 500
64 500
Total tax
29 372
28 704
47 704
31 435
After tax
35 128
35 796
16 796
33 065
Living cost
15 134
15 134
15 134
15 134
Free-cash
19 994
20 662
1 662
17 931

Estimated living cost  is ₴15134 per week

₴10093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20436
₴13997
₴12508
₴7673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
national
-
-
-
22 990
communal

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

-
-
-
3 266
social contributions
-
-
-
10 076
total
-
-
-
36 332
Employee

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

30 722
-
49 958
-
communal

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

1 602
-
2 606
-
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.

1 443
-
2 348
-
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.

2 304
-
3 747
-
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
-
434
-
national
9 445
-
17 491
-
total
15 061
-
26 626
-
Employer

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

30 722
-
49 958
-
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.

399
-
650
-
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.

448
-
729
-
surtax
3 483
-
5 664
-
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.

2 722
-
4 426
-
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.

1 889
-
3 072
-
total
8 941
-
14 541
-
Corporate
24 836
64 500
-
-
surtax
99
258
-
-
income
4 967
12 900
-
-
total
5 066
13 158
-
-
Dividends
19 770
51 341
-
-
withholding

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

5 775
15 246
-
-
total
5 775
15 246
-
-
Income
64 500
64 500
64 500
64 500
Total tax
34 843
28 404
41 167
36 332
After tax
29 657
36 096
23 333
28 168
Living cost
15 660
15 660
15 660
15 660
Free-cash
13 997
20 436
7 673
12 508

Estimated living cost  is ₴15660 per week

₴10087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27617
₴24477
₴20811
₴19009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
accident
-
-
-
359
income
-
-
-
16 235
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
28 178
Employee
21 379
-
51 809
-
other
21
-
40
-
income
4 511
-
14 761
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 869
-
17 289
-
Employer
21 379
-
51 809
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 045
-
9 395
-
total
6 814
-
12 691
-
Corporate
36 307
64 500
-
-
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.

5 446
9 675
-
-
total
5 446
9 675
-
-
Dividends
30 861
54 825
-
-
withholding
6 383
11 697
-
-
total
6 383
11 697
-
-
Income
64 500
64 500
64 500
64 500
Total tax
24 512
21 372
29 980
28 178
After tax
39 988
43 128
34 520
36 322
Living cost
15 511
15 511
15 511
15 511
Free-cash
24 477
27 617
19 009
20 811

Estimated living cost  is ₴15511 per week

₴11422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
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.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴15015
₴10092
₴9798
₴12370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
accident
-
-
-
544
income
-
-
-
9 344
pensions
-
-
-
9 668
health
-
-
-
4 532
surtax
-
-
-
3 197
communal
-
-
-
4 077
total
-
-
-
31 362
Employee
32 525
-
57 615
-
health
1 448
-
2 564
-
surtax
1 994
-
3 531
-
income
3 142
-
11 202
-
pensions
2 602
-
4 609
-
total
9 186
-
21 906
-
Employer
32 525
-
57 615
-
accident
293
-
518
-
pensions
2 602
-
4 609
-
health
992
-
1 757
-
total
3 887
-
6 884
-
Corporate
28 089
64 500
-
-
surtax
295
677
-
-
communal
1 896
4 354
-
-
income
4 214
9 675
-
-
total
6 405
14 706
-
-
Dividends
21 685
49 794
-
-
income
8 337
3 970
-
-
withholding
3 253
7 469
-
-
total
11 590
11 439
-
-
Income
64 500
64 500
64 500
64 500
Total tax
31 068
26 145
28 790
31 362
After tax
33 432
38 355
35 710
33 138
Living cost
23 340
23 340
23 340
23 340
Free-cash
10 092
15 015
12 370
9 798

Estimated living cost  is ₴23340 per week

₴17509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30924
₴29558
₴20962
₴18964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
15 959
pensions
-
-
-
11 464
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
2 301
total
-
-
-
33 891
Employee
14 464
-
53 284
-
other
-
-
-
-
health
369
-
1 359
-
surtax
51
-
1 985
-
income
2 425
-
14 067
-
pensions
965
-
3 554
-
unemployment
1 007
-
3 708
-
total
4 817
-
24 673
-
Employer
14 464
-
53 284
-
other
-
-
-
-
unemployment
459
-
1 689
-
pensions
1 928
-
7 103
-
health
658
-
2 424
-
total
3 045
-
11 216
-
Corporate
46 991
64 500
-
-
income
12 217
16 770
-
-
total
12 217
16 770
-
-
Dividends
34 774
47 730
-
-
withholding
5 216
7 159
-
-
total
5 216
7 159
-
-
Income
64 500
64 500
64 500
64 500
Total tax
25 295
23 929
35 889
33 891
After tax
39 205
40 571
28 611
30 609
Living cost
9 647
9 647
9 647
9 647
Free-cash
29 558
30 924
18 964
20 962

Estimated living cost  is ₴9647 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
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.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22333
₴21381
₴19687
₴16726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
municipal
-
-
-
383
regional
-
-
-
973
national
-
-
-
15 299
social contributions
-
-
-
16 589
total
-
-
-
33 244
Employee
23 824
-
64 500
-
social contributions
8 034
-
21 749
-
regional
321
-
868
-
municipal
126
-
342
-
national
3 774
-
13 246
-
total
12 255
-
36 205
-
Employer
23 824
-
64 500
-
total
-
-
-
-
Corporate
40 676
64 500
-
-
nationa
9 762
15 480
-
-
municipal
2 021
3 206
-
-
total
11 783
18 686
-
-
Dividends
28 892
45 815
-
-
withholding
7 512
11 912
-
-
total
7 512
11 912
-
-
Income
64 500
64 500
64 500
64 500
Total tax
31 550
30 598
36 205
33 244
After tax
32 950
33 902
28 295
31 256
Living cost
11 569
11 569
11 569
11 569
Free-cash
21 381
22 333
16 726
19 687

Estimated living cost  is ₴11569 per week

₴7195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
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.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31686
₴27147
₴22075
₴20009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
6 140
health
-
-
-
8 707
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 856
total
-
-
-
29 703
Employee
18 709
-
48 134
-
social contributions
1 216
-
3 129
-
health
2 526
-
6 498
-
solidarity contribution
-
-
-
-
income
2 245
-
5 776
-
total
5 987
-
15 403
-
Employer
18 709
-
48 134
-
social contributions
4 677
-
12 034
-
health
1 684
-
4 332
-
total
6 361
-
16 366
-
Corporate
39 430
64 500
-
-
income
7 492
12 255
-
-
total
7 492
12 255
-
-
Dividends
31 938
52 245
-
-
withholding
4 791
7 837
-
-
total
4 791
7 837
-
-
Income
64 500
64 500
64 500
64 500
Total tax
24 631
20 092
31 769
29 703
After tax
39 869
44 408
32 731
34 797
Living cost
12 722
12 722
12 722
12 722
Free-cash
27 147
31 686
20 009
22 075

Estimated living cost  is ₴12722 per week

₴9461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22141
₴21927
₴19448
₴3107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
chamber of commerce
-
-
-
258
income
-
-
-
15 338
pensions
-
-
-
9 282
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
31 350
Employee
18 774
17 116
50 084
-
other
187
171
501
-
health
726
663
1 938
-
income
1 672
1 262
12 091
-
pensions
1 923
1 752
5 129
-
unemployment
563
513
1 503
-
total
5 071
4 361
21 162
-
Employer
18 774
17 116
50 084
-
accident
244
223
651
-
other
892
813
2 379
-
chamber of commerce
75
68
200
-
unemployment
563
513
1 503
-
surtax
-
-
-
-
pensions
2 356
2 148
6 286
-
payroll
563
513
1 503
-
health
710
647
1 893
-
total
5 403
4 925
14 415
-
Corporate
40 323
42 458
48 454
-
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.

10 080
10 614
12 114
-
total
10 080
10 614
12 114
-
Dividends
30 243
31 844
-
-
withholding
8 317
8 757
-
-
total
8 317
8 757
-
-
Income
64 500
64 500
64 500
64 500
Total tax
28 871
28 657
47 691
31 350
After tax
35 629
35 843
16 809
33 150
Living cost
13 702
13 702
13 702
13 702
Free-cash
21 927
22 141
3 107
19 448

Estimated living cost  is ₴13702 per week

₴8220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
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.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55254
₴54125
₴57834
₴45579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
64 500
microenterprise

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

-
-
-
645
total
-
-
-
645
Employee
7 526
-
64 500
-
income
1 505
-
12 900
-
total
1 505
-
12 900
-
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%.

56 974
64 500
-
-
total
-
-
-
-
Dividends
56 974
64 500
-
-
withholding
2 849
3 225
-
-
total
2 849
3 225
-
-
Income
64 500
64 500
64 500
64 500
Total tax
4 354
3 225
12 900
645
After tax
60 146
61 275
51 600
63 855
Living cost
6 021
6 021
6 021
6 021
Free-cash
54 125
55 254
45 579
57 834

Estimated living cost  is ₴6021 per week

₴4074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
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.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32888
₴29296
₴20547
₴18840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
income
-
-
-
14 209
pensions
-
-
-
11 780
unemployment
-
-
-
97
health
-
-
-
6 347
total
-
-
-
32 433
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.

18 992
-
55 811
-
health
1 227
-
3 605
-
income
3 275
-
13 117
-
pensions
2 944
-
8 651
-
unemployment
27
-
78
-
total
7 473
-
25 451
-
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.

18 992
-
55 811
-
unemployment
11
-
33
-
pensions
1 681
-
4 939
-
health
1 265
-
3 717
-
total
2 957
-
8 689
-
Corporate
42 551
64 500
-
-
income
8 084
12 255
-
-
total
8 084
12 255
-
-
Dividends
34 467
52 245
-
-
withholding
5 170
7 837
-
-
total
5 170
7 837
-
-
Income
64 500
64 500
64 500
64 500
Total tax
23 684
20 092
34 140
32 433
After tax
40 816
44 408
30 360
32 067
Living cost
11 520
11 520
11 520
11 520
Free-cash
29 296
32 888
18 840
20 547

Estimated living cost  is ₴11520 per week

₴7906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
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.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20760
₴386
₴26093
₴40383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
12 572
social contributions
-
-
-
7 353
total
-
-
-
19 925
Employee
26 500
-
-
-
social contributions
2 173
-
310
-
income
5 845
-
-
-
total
8 018
-
310
-
Employer
26 500
-
-
-
social contributions
37 365
-
5 325
-
total
37 365
-
5 325
-
Corporate
635
64 500
-
-
income
140
14 190
-
-
total
140
14 190
-
-
Dividends
495
50 310
-
-
income
109
11 068
-
-
total
109
11 068
-
-
Income
64 500
64 500
64 500
64 500
Total tax
45 632
25 258
5 635
19 925
After tax
18 868
39 242
58 865
44 575
Living cost
18 482
18 482
18 482
18 482
Free-cash
386
20 760
40 383
26 093

Estimated living cost  is ₴18482 per week

₴11992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1738
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.
₴4516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23216
₴22783
₴21461
₴16896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
income
-
-
-
7 154
surtax
-
-
-
-
social contributions

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

-
-
-
22 413
total
-
-
-
29 567
Employee
19 753
-
52 121
-
social contributions
2 173
-
5 733
-
surtax
-
-
-
-
income
4 109
-
16 020
-
total
6 282
-
21 753
-
Employer
19 753
-
52 121
-
social contributions
4 691
-
12 379
-
total
4 691
-
12 379
-
Corporate
40 056
64 500
-
-
surtax
-
-
-
-
income
8 412
13 545
-
-
total
8 412
13 545
-
-
Dividends
31 644
50 955
-
-
withholding
8 860
14 267
-
-
total
8 860
14 267
-
-
Income
64 500
64 500
64 500
64 500
Total tax
28 245
27 812
34 132
29 567
After tax
36 255
36 688
30 368
34 933
Living cost
13 472
13 472
13 472
13 472
Free-cash
22 783
23 216
16 896
21 461

Estimated living cost  is ₴13472 per week

₴10080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11765
₴14715
₴15784
₴15950
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
9 192
pensions
-
-
-
12 564
other
-
-
-
1 999
health
-
-
-
2 379
surtax
-
-
-
-
social contributions
-
-
-
1 838
total
-
-
-
27 972
Employee
26 900
-
50 602
-
social contributions
766
-
1 442
-
surtax
-
-
-
-
income
2 347
-
9 232
-
pensions
3 043
-
3 235
-
total
6 156
-
13 909
-
Employer
26 900
-
50 602
-
other
928
-
1 853
-
social contributions
81
-
152
-
unemployment
1 090
-
2 049
-
pensions
4 420
-
5 497
-
health
1 883
-
4 346
-
total
8 402
-
13 897
-
Corporate
29 199
64 500
-
-
surtax
-
-
-
-
income
8 176
18 060
-
-
total
8 176
18 060
-
-
Dividends
21 023
46 440
-
-
surtax
-
-
-
-
social contributions
3 616
7 987
-
-
withholding
2 691
5 944
-
-
total
6 307
13 931
-
-
Income
64 500
64 500
64 500
64 500
Total tax
29 041
31 991
27 806
27 972
After tax
35 459
32 509
36 694
36 528
Living cost
20 744
20 744
20 744
20 744
Free-cash
14 715
11 765
15 950
15 784

Estimated living cost  is ₴20744 per week

₴14039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
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.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45140
₴43698
₴34976
₴36691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
2 423
social contributions
-
-
-
14 191
total
-
-
-
16 614
Employee
13 808
-
55 844
-
income
-
-
2 613
-
social contributions
897
-
3 630
-
total
897
-
6 243
-
Employer
13 808
-
55 844
-
social contributions
2 140
-
8 656
-
total
2 140
-
8 656
-
Corporate
48 552
64 500
-
-
income
4 855
6 450
-
-
total
4 855
6 450
-
-
Dividends
43 697
58 050
-
-
total
-
-
-
-
Income
64 500
64 500
64 500
64 500
Total tax
7 892
6 450
14 899
16 614
After tax
56 608
58 050
49 601
47 886
Living cost
12 910
12 910
12 910
12 910
Free-cash
43 698
45 140
36 691
34 976

Estimated living cost  is ₴12910 per week

₴8348
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.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29134
-₴29134
₴17991
-₴29134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
municipal
-
-
-
13 103
pensions
-
-
-
373
national
-
-
-
7 206
labour market
-
-
-
5 130
total
-
-
-
25 812
Employee
87 358
87 358
87 358
-
labour market
6 979
6 979
6 979
-
national
10 672
10 672
10 672
-
municipal
18 602
18 602
18 602
-
pensions
124
124
124
-
total
36 377
36 377
36 377
-
Employer
87 358
87 358
87 358
-
labour market
6 989
6 989
6 989
-
municipal
18 632
18 632
18 632
-
pensions
248
248
248
-
national
10 691
10 691
10 691
-
total
36 560
36 560
36 560
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
64 500
64 500
64 500
64 500
Total tax
72 937
72 937
72 937
25 812
After tax
-8 437
-8 437
-8 437
38 688
Living cost
20 697
20 697
20 697
20 697
Free-cash
-29 134
-29 134
-29 134
17 991

Estimated living cost  is ₴20697 per week

₴14165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4383
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4051
₴3801
₴34855
₴25376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
accident
-
-
-
108
income
-
-
-
17 388
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
20 369
Employee
14 592
-
57 419
-
health
1 671
-
6 575
-
income
2 002
-
12 927
-
pensions
1 643
-
3 265
-
total
5 316
-
22 767
-
Employer
14 592
-
57 419
-
accident
244
-
959
-
unemployment
358
-
1 407
-
pensions
2 373
-
4 715
-
total
2 975
-
7 081
-
Corporate
46 934
64 500
-
-
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.

42 240
58 050
-
-
total
42 240
58 050
-
-
Dividends
4 693
6 450
-
-
withholding
892
1 225
-
-
total
892
1 225
-
-
Income
64 500
64 500
64 500
64 500
Total tax
51 423
59 275
29 848
20 369
After tax
13 077
5 225
34 652
44 131
Living cost
9 276
9 276
9 276
9 276
Free-cash
3 801
-4 051
25 376
34 855

Estimated living cost  is ₴9276 per week

₴6752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴529
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24621
₴25432
₴26734
₴18055
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
64 500
municipal
-
-
-
11 463
health
-
-
-
814
national
-
-
-
9 000
total
-
-
-
21 277
Employee
22 596
-
54 260
-
health
169
-
656
-
municipal
3 701
-
8 843
-
pensions
1 525
-
3 663
-
unemployment
339
-
814
-
national
373
-
5 740
-
total
6 107
-
19 716
-
Employer
22 596
-
54 260
-
accident
23
-
55
-
unemployment
147
-
353
-
pensions
3 920
-
9 414
-
health
174
-
418
-
total
4 264
-
10 240
-
Corporate
37 640
64 500
-
-
income
7 528
12 900
-
-
total
7 528
12 900
-
-
Dividends

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

22 584
38 700
-
-
national
615
3 524
-
-
municipal
4 065
6 966
-
-
total
4 680
10 490
-
-
Income
64 500
64 500
64 500
64 500
Total tax
22 579
23 390
29 956
21 277
After tax
41 921
41 110
34 544
43 223
Living cost
16 489
16 489
16 489
16 489
Free-cash
25 432
24 621
18 055
26 734

Estimated living cost  is ₴16489 per week

₴10771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37145
₴34808
₴34700
₴34103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
11 262
health
-
-
-
1 645
social contributions
-
-
-
6 949
total
-
-
-
19 856
Employee
33 026
33 026
59 699
-
social contributions
1 249
2 741
3 697
-
health
256
562
1 015
-
income
3 596
3 057
10 940
-
total
5 101
6 360
15 652
-
Employer
33 026
33 026
59 699
-
social contributions
1 249
2 741
3 697
-
health
278
611
1 104
-
total
1 527
3 352
4 801
-
Corporate
47 929
28 122
-
-
income
5 991
3 515
-
-
total
5 991
3 515
-
-
Dividends
41 938
24 607
-
-
withholding
7 129
4 184
-
-
total
7 129
4 184
-
-
Income
64 500
64 500
64 500
64 500
Total tax
19 748
17 411
20 453
19 856
After tax
44 752
47 089
44 047
44 644
Living cost
9 944
9 944
9 944
9 944
Free-cash
34 808
37 145
34 103
34 700

Estimated living cost  is ₴9944 per week

₴5960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴46594
₴44408
₴46912
₴38298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
64 500
income
-
-
-
6 471
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
10 769
Employee

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

9 858
-
60 303
-
health
838
-
3 464
-
income
674
-
5 405
-
pensions
1 478
-
6 113
-
unemployment
49
-
204
-
total
3 039
-
15 186
-
Employer

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

9 858
-
60 303
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
53 627
64 500
-
-
income
4 827
5 805
-
-
total
4 827
5 805
-
-
Dividends
48 800
58 695
-
-
withholding
4 392
5 282
-
-
total
4 392
5 282
-
-
Income
64 500
64 500
64 500
64 500
Total tax
13 273
11 087
19 383
10 769
After tax
51 227
53 413
45 117
53 731
Living cost
6 819
6 819
6 819
6 819
Free-cash
44 408
46 594
38 298
46 912

Estimated living cost  is ₴6819 per week

₴4351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31318
₴29346
₴24512
₴22710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
accident
-
-
-
359
income
-
-
-
16 235
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
28 178
Employee
15 881
-
51 809
-
other
15
-
40
-
income
3 062
-
14 761
-
pensions
747
-
1 871
-
unemployment
246
-
617
-
total
4 070
-
17 289
-
Employer
15 881
-
51 809
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 748
-
9 395
-
total
5 064
-
12 691
-
Corporate
43 556
64 500
-
-
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.

6 533
9 675
-
-
total
6 533
9 675
-
-
Dividends
37 023
54 825
-
-
withholding
7 677
11 697
-
-
total
7 677
11 697
-
-
Income
64 500
64 500
64 500
64 500
Total tax
23 344
21 372
29 980
28 178
After tax
41 156
43 128
34 520
36 322
Living cost
11 810
11 810
11 810
11 810
Free-cash
29 346
31 318
22 710
24 512

Estimated living cost  is ₴11810 per week

₴7972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39073
₴38880
₴40060
₴39976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
21 787
pensions
-
-
-
857
health
-
-
-
621
total
-
-
-
23 265
Employee
1 789
-
63 536
-
health
89
-
214
-
income
346
-
21 742
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
614
-
22 385
-
Employer
1 789
-
63 536
-
unemployment
36
-
86
-
pensions
197
-
471
-
health
170
-
407
-
total
403
-
964
-
Corporate
62 308
64 500
-
-
income
13 708
14 190
-
-
total
13 708
14 190
-
-
Dividends
48 600
50 310
-
-
withholding
9 720
10 062
-
-
total
9 720
10 062
-
-
Income
64 500
64 500
64 500
64 500
Total tax
24 445
24 252
23 349
23 265
After tax
40 055
40 248
41 151
41 235
Living cost
1 175
1 175
1 175
1 175
Free-cash
38 880
39 073
39 976
40 060

Estimated living cost  is ₴1175 per week

₴698
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.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39172
₴37059
₴30739
₴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

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.

-
-
-
64 500
income
-
-
-
14 331
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
26 332
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.

11 203
-
58 817
-
health
577
-
1 635
-
income
1 544
-
14 331
-
pensions
1 568
-
4 445
-
unemployment
84
-
238
-
total
3 773
-
20 649
-
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.

11 203
-
58 817
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
51 292
64 500
-
-
income
7 694
9 675
-
-
total
7 694
9 675
-
-
Dividends
43 598
54 825
-
-
withholding
6 540
8 224
-
-
total
6 540
8 224
-
-
Income
64 500
64 500
64 500
64 500
Total tax
20 012
17 899
26 332
26 332
After tax
44 488
46 601
38 168
38 168
Living cost
7 429
7 429
7 429
7 429
Free-cash
37 059
39 172
30 739
30 739

Estimated living cost  is ₴7429 per week

₴5002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25109
₴24953
₴23354
₴18789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
income
-
-
-
7 154
surtax
-
-
-
-
social contributions

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

-
-
-
22 413
total
-
-
-
29 567
Employee
16 669
-
52 121
-
social contributions
1 834
-
5 733
-
surtax
-
-
-
-
income
3 257
-
16 020
-
total
5 091
-
21 753
-
Employer
16 669
-
52 121
-
social contributions
3 959
-
12 379
-
total
3 959
-
12 379
-
Corporate
43 872
64 500
-
-
surtax
-
-
-
-
income
9 213
13 545
-
-
total
9 213
13 545
-
-
Dividends
34 659
50 955
-
-
withholding
9 705
14 267
-
-
total
9 705
14 267
-
-
Income
64 500
64 500
64 500
64 500
Total tax
27 968
27 812
34 132
29 567
After tax
36 532
36 688
30 368
34 933
Living cost
11 579
11 579
11 579
11 579
Free-cash
24 953
25 109
18 789
23 354

Estimated living cost  is ₴11579 per week

₴8201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28034
₴25040
₴21228
₴19426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
accident
-
-
-
359
income
-
-
-
16 235
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
28 178
Employee
20 742
-
51 809
-
other
20
-
40
-
income
4 332
-
14 761
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
17 289
-
Employer
20 742
-
51 809
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 395
-
total
6 613
-
12 691
-
Corporate
37 144
64 500
-
-
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.

5 572
9 675
-
-
total
5 572
9 675
-
-
Dividends
31 573
54 825
-
-
withholding
6 533
11 697
-
-
total
6 533
11 697
-
-
Income
64 500
64 500
64 500
64 500
Total tax
24 366
21 372
29 980
28 178
After tax
40 134
43 128
34 520
36 322
Living cost
15 094
15 094
15 094
15 094
Free-cash
25 040
28 034
19 426
21 228

Estimated living cost  is ₴15094 per week

₴10840
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.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47752
₴45129
₴43419
₴45827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
9 675
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
13 685
Employee
9 794
-
61 553
-
health
451
-
691
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
980
-
6 156
-
pensions

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

860
-
1 319
-
total
2 399
-
8 331
-
Employer
9 794
-
61 553
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 079
-
1 655
-
health
676
-
1 036
-
total
1 922
-
2 946
-
Corporate
52 785
64 500
-
-
income
5 279
6 450
-
-
total
5 279
6 450
-
-
Dividends
47 506
58 050
-
-
withholding
2 375
2 902
-
-
total
2 375
2 902
-
-
Income
64 500
64 500
64 500
64 500
Total tax
11 975
9 352
11 277
13 685
After tax
52 525
55 148
53 223
50 815
Living cost
7 396
7 396
7 396
7 396
Free-cash
45 129
47 752
45 827
43 419

Estimated living cost  is ₴7396 per week

₴4892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
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.
₴1905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16632
₴22250
₴18864
₴25255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
trade
-
-
-
6 391
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.

-
-
-
18 701
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.

-
-
-
2 934
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.

-
-
-
1 029
total
-
-
-
29 055
Employee

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

21 370
-
64 500
-
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.

2 934
-
2 934
-
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
-
1 029
-
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.

1 757
-
18 701
-
total
4 788
-
22 664
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 130
64 500
-
-
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.

356
532
-
-
income
6 470
9 675
-
-
trade
6 189
9 256
-
-
chamber of commerce
129
160
-
-
total
13 144
19 623
-
-
Dividends
29 986
44 877
-
-
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.

403
608
-
-
withholding
7 334
11 056
-
-
total
7 737
11 664
-
-
Income
64 500
64 500
64 500
64 500
Total tax
25 669
31 287
22 664
29 055
After tax
38 831
33 213
41 836
35 445
Living cost
16 581
16 581
16 581
16 581
Free-cash
22 250
16 632
25 255
18 864

Estimated living cost  is ₴16581 per week

₴11438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20685
₴21632
₴10830
₴10830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
18 701
social contributions
-
-
-
10 503
total
-
-
-
29 204
Employee
33 596
-
64 500
-
income
6 339
-
18 701
-
social contributions
2 791
-
10 503
-
total
9 130
-
29 204
-
Employer
33 596
-
64 500
-
total
-
-
-
-
Corporate
30 904
64 500
-
-
income
3 863
8 062
-
-
total
3 863
8 062
-
-
Dividends
27 041
56 438
-
-
withholding
5 409
11 287
-
-
total
5 409
11 287
-
-
Income
64 500
64 500
64 500
64 500
Total tax
18 402
19 349
29 204
29 204
After tax
46 098
45 151
35 296
35 296
Living cost
24 466
24 466
24 466
24 466
Free-cash
21 632
20 685
10 830
10 830

Estimated living cost  is ₴24466 per week

₴18613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24065
₴25566
₴33820
₴30950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
income
-
-
-
12 226
health

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

-
-
-
2 863
total
-
-
-
15 089
Employee
19 702
-
62 524
-
income
2 138
-
14 007
-
social contributions
1 974
-
1 976
-
total
4 112
-
15 983
-
Employer
19 702
-
62 524
-
social contributions
1 974
-
1 976
-
total
1 974
-
1 976
-
Corporate
42 824
64 500
-
-
income
14 988
22 575
-
-
total
14 988
22 575
-
-
Dividends
27 835
41 925
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
64 500
64 500
64 500
64 500
Total tax
23 343
24 844
17 959
15 089
After tax
41 157
39 656
46 541
49 411
Living cost
15 591
15 591
15 591
15 591
Free-cash
25 566
24 065
30 950
33 820

Estimated living cost  is ₴15591 per week

₴10269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27422
₴29837
₴27592
₴21690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
income
-
-
-
17 200
pensions
-
-
-
3 656
total
-
-
-
20 856
Employee
22 033
-
56 452
-
health
287
-
863
-
income
4 012
-
13 265
-
pensions
1 682
-
4 582
-
total
5 981
-
18 710
-
Employer
22 033
-
56 452
-
pensions
2 226
-
6 975
-
health
419
-
1 073
-
total
2 645
-
8 048
-
Corporate
39 822
64 500
-
-
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.

7 566
12 255
-
-
total
7 566
12 255
-
-
Dividends
32 256
52 245
-
-
withholding
2 419
8 771
-
-
total
2 419
8 771
-
-
Income
64 500
64 500
64 500
64 500
Total tax
18 611
21 026
26 758
20 856
After tax
45 889
43 474
37 742
43 644
Living cost
16 052
16 052
16 052
16 052
Free-cash
29 837
27 422
21 690
27 592

Estimated living cost  is ₴16052 per week

₴11011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
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.
₴3362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4970
₴3660
₴33936
₴24457
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
accident
-
-
-
108
income
-
-
-
17 388
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
20 369
Employee
16 037
-
57 419
-
health
1 836
-
6 575
-
income
2 200
-
12 927
-
pensions
1 806
-
3 265
-
total
5 842
-
22 767
-
Employer
16 037
-
57 419
-
accident
268
-
959
-
unemployment
393
-
1 407
-
pensions
2 607
-
4 715
-
total
3 268
-
7 081
-
Corporate
45 195
64 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

40 676
58 050
-
-
total
40 676
58 050
-
-
Dividends
4 519
6 450
-
-
withholding
859
1 225
-
-
total
859
1 225
-
-
Income
64 500
64 500
64 500
64 500
Total tax
50 645
59 275
29 848
20 369
After tax
13 855
5 225
34 652
44 131
Living cost
10 195
10 195
10 195
10 195
Free-cash
3 660
-4 970
24 457
33 936

Estimated living cost  is ₴10195 per week

₴7482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴594
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.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48476
₴46467
₴30496
₴38789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
64 500
work injury
-
-
-
322
health insurance
-
-
-
4 773
income
-
-
-
10 466
pensions
-
-
-
11 868
unemployment
-
-
-
774
total
-
-
-
28 203
Employee

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

9 282
-
64 500
-
work injury
46
-
172
-
income
928
-
10 466
-
pensions
1 708
-
6 319
-
health insurance
687
-
2 541
-
unemployment
111
-
412
-
total
3 480
-
19 910
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 218
64 500
-
-
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%.

552
645
-
-
total
552
645
-
-
Dividends
54 665
63 855
-
-
withholding
8 200
9 578
-
-
total
8 200
9 578
-
-
Income
64 500
64 500
64 500
64 500
Total tax
12 232
10 223
19 910
28 203
After tax
52 268
54 277
44 590
36 297
Living cost
5 801
5 801
5 801
5 801
Free-cash
46 467
48 476
38 789
30 496

Estimated living cost  is ₴5801 per week

₴3594
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.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16864
₴14911
₴13606
₴10726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
64 500
municipal
-
-
-
431
regional
-
-
-
1 465
national
-
-
-
15 299
social contributions
-
-
-
16 589
total
-
-
-
33 784
Employee
36 191
-
64 500
-
social contributions
12 204
-
21 749
-
regional
546
-
1 284
-
municipal
216
-
385
-
national
6 116
-
13 246
-
total
19 082
-
36 664
-
Employer
36 191
-
64 500
-
total
-
-
-
-
Corporate
28 309
64 500
-
-
nationa
6 794
15 480
-
-
municipal
1 364
3 109
-
-
total
8 158
18 589
-
-
Dividends
20 150
45 911
-
-
withholding
5 239
11 937
-
-
total
5 239
11 937
-
-
Income
64 500
64 500
64 500
64 500
Total tax
32 479
30 526
36 664
33 784
After tax
32 021
33 974
27 836
30 716
Living cost
17 110
17 110
17 110
17 110
Free-cash
14 911
16 864
10 726
13 606

Estimated living cost  is ₴17110 per week

₴12019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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