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
₴ 66500
per

Your estimated
City
free-cash

Dresden , Germany
₴18576
₴28858
₴22010
₴24054
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income

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

-
-
-
18 258
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.

-
-
-
1 004
health

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

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

-
-
-
3 383
trade
-
-
-
6 848
total
-
-
-
29 493
Employee

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

18 938
-
66 500
-
surtax

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

29
-
1 004
-
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.

529
-
18 258
-
health

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

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

3 383
-
3 383
-
total
3 941
-
22 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 562
66 500
-
-
income
7 134
9 975
-
-
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.

393
549
-
-
chamber of commerce
144
171
-
-
trade
7 491
10 474
-
-
total
15 162
21 169
-
-
Dividends
32 400
45 332
-
-
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.

435
613
-
-
withholding
7 911
11 145
-
-
total
8 346
11 758
-
-
Income
66 500
66 500
66 500
66 500
Total tax
27 449
32 927
22 645
29 493
After tax
39 051
33 573
43 855
37 007
Living cost
14 997
14 997
14 997
14 997
Free-cash
24 054
18 576
28 858
22 010

Estimated living cost  is ₴14997 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15243
₴13947
₴13425
₴14806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
715
municipal
-
-
-
7 110
national
-
-
-
11 017
pensions
-
-
-
7 980
total
-
-
-
26 822
Employee
40 697
-
57 489
-
municipal
5 027
-
7 367
-
pensions
1 628
-
2 300
-
national
7 789
-
11 416
-
total
14 444
-
21 083
-
Employer
40 697
-
57 489
-
pensions
3 256
-
4 599
-
social contributions
437
-
618
-
total
3 693
-
5 217
-
Corporate
19 424
66 500
-
-
income

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

3 885
13 300
-
-
total
3 885
13 300
-
-
Dividends
15 539
53 200
-
-
withholding
3 419
11 704
-
-
total
3 419
11 704
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 441
25 004
26 300
26 822
After tax
41 059
41 496
40 200
39 678
Living cost
26 253
26 253
26 253
26 253
Free-cash
14 806
15 243
13 947
13 425

Estimated living cost  is ₴26253 per week

₴17844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42899
₴26988
₴9902
₴38837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income
-
-
-
10 368
surtax
-
-
-
16 958
social contributions

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

-
-
-
18 971
microenterprise
-
-
-
-
total
-
-
-
46 297
Employee
14 468
-
53 590
-
surtax
-
-
-
-
social contributions

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

1 592
-
5 895
-
income
2 575
-
10 406
-
total
4 167
-
16 301
-
Employer
14 468
-
53 590
-
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.

3 485
-
12 910
-
surtax
-
-
-
-
total
3 485
-
12 910
-
Corporate
48 547
66 500
-
-
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%.

9 710
13 300
-
-
total
9 710
13 300
-
-
Dividends

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

38 837
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
17 362
13 300
29 211
46 297
After tax
49 138
53 200
37 289
20 203
Living cost
10 301
10 301
10 301
10 301
Free-cash
38 837
42 899
26 988
9 902

Estimated living cost  is ₴10301 per week

₴6572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
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.
₴2514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11874
₴17729
₴17412
₴8839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
16 439
health
-
-
-
6 106
pensions
-
-
-
5 801
total
-
-
-
28 346
Employee
42 282
42 282
57 298
-
pensions
7 611
5 801
5 801
-
income

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

6 921
6 921
6 921
-
health
6 490
5 520
6 106
-
total
21 022
18 242
18 828
-
Employer
42 282
42 282
57 298
-
health
2 939
2 939
3 652
-
pensions
2 943
2 943
3 658
-
unemployment
1 522
1 522
1 891
-
total
7 404
7 404
9 201
-
Corporate
17 333
16 814
-
-
income
3 466
3 363
-
-
total
3 466
3 363
-
-
Dividends
13 866
13 451
-
-
income
2 947
2 858
-
-
withholding
2 080
2 017
-
-
total
5 027
4 875
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 919
33 884
28 029
28 346
After tax
29 581
32 616
38 471
38 154
Living cost
20 742
20 742
20 742
20 742
Free-cash
8 839
11 874
17 729
17 412

Estimated living cost  is ₴20742 per week

₴14699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15970
₴14420
₴14968
₴15513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
89
other
-
-
-
5 180
unemployment
-
-
-
45
health
-
-
-
2 782
municipal
-
-
-
15 979
national
-
-
-
2 299
pensions
-
-
-
4 819
total
-
-
-
31 193
Employee
28 982
-
52 494
-
municipal
8 642
-
15 654
-
national
-
-
2 081
-
total
8 642
-
17 735
-
Employer
28 982
-
52 494
-
health
1 782
-
2 741
-
pensions
3 133
-
4 819
-
accident
58
-
89
-
unemployment
765
-
1 177
-
other
3 368
-
5 180
-
total
9 106
-
14 006
-
Corporate
28 412
66 500
-
-
income
6 251
14 630
-
-
total
6 251
14 630
-
-
Dividends
22 162
51 870
-
-
withholding
6 649
15 561
-
-
total
6 649
15 561
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 648
30 191
31 741
31 193
After tax
35 852
36 309
34 759
35 307
Living cost
20 339
20 339
20 339
20 339
Free-cash
15 513
15 970
14 420
14 968

Estimated living cost  is ₴20339 per week

₴13480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13780
₴24404
₴17252
₴20739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income

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

-
-
-
18 258
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.

-
-
-
1 004
health

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

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

-
-
-
3 383
trade
-
-
-
7 152
total
-
-
-
29 797
Employee

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

25 109
-
66 500
-
surtax

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

118
-
1 004
-
income

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

2 157
-
18 258
-
health

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

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

3 383
-
3 383
-
total
5 658
-
22 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 391
66 500
-
-
income
6 209
9 975
-
-
surtax

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

341
549
-
-
chamber of commerce
134
170
-
-
trade
6 808
10 939
-
-
total
13 492
21 633
-
-
Dividends
27 898
44 868
-
-
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.

373
607
-
-
withholding
6 787
11 029
-
-
total
7 160
11 636
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 310
33 269
22 645
29 797
After tax
40 190
33 231
43 855
36 703
Living cost
19 451
19 451
19 451
19 451
Free-cash
20 739
13 780
24 404
17 252

Estimated living cost  is ₴19451 per week

₴13009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32520
₴29761
₴30430
₴30467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
10 303
social contributions
-
-
-
8 011
health
-
-
-
1 696
total
-
-
-
20 010
Employee
38 073
38 073
61 108
-
social contributions
1 850
3 160
4 262
-
income
3 998
3 524
9 986
-
health
379
647
1 039
-
total
6 227
7 331
15 287
-
Employer
38 073
38 073
61 108
-
health
412
705
1 130
-
social contributions
1 850
3 160
4 262
-
total
2 262
3 865
5 392
-
Corporate
41 951
24 562
-
-
income
5 244
3 071
-
-
total
5 244
3 071
-
-
Dividends
36 707
21 492
-
-
withholding
6 240
3 653
-
-
total
6 240
3 653
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 973
17 920
20 679
20 010
After tax
46 527
48 580
45 821
46 490
Living cost
16 060
16 060
16 060
16 060
Free-cash
30 467
32 520
29 761
30 430

Estimated living cost  is ₴16060 per week

₴10978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Limassol model

Close
Budapest , Hungary
₴28311
₴29460
₴36976
₴28500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 130
unemployment
-
-
-
998
health
-
-
-
4 655
pensions
-
-
-
6 650
total
-
-
-
20 433
Employee

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

The minimum wage is 138,000 HUF per month.

13 124
5 223
55 649
-
unemployment
197
78
835
-
pensions
1 312
522
5 565
-
income
1 604
639
6 803
-
health
919
366
3 895
-
total
4 032
1 605
17 098
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 124
5 223
55 649
-
pensions
2 559
1 018
10 851
-
total
2 559
1 018
10 851
-
Corporate
50 817
60 259
-
-
income
4 574
5 423
-
-
total
4 574
5 423
-
-
Dividends
46 244
54 835
-
-
social contributions
8 958
10 633
-
-
withholding
8 786
10 419
-
-
total
17 744
21 052
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 909
29 098
27 949
20 433
After tax
37 591
37 402
38 551
46 067
Living cost
9 091
9 091
9 091
9 091
Free-cash
28 500
28 311
29 460
36 976

Estimated living cost  is ₴9091 per week

₴6204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41241
₴26372
₴23685
₴38164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 911
health
-
-
-
8 645
pensions
-
-
-
13 300
total
-
-
-
30 856
Employee
14 046
-
49 701
-
unemployment
225
-
795
-
pensions
281
-
994
-
income
1 581
-
9 582
-
total
2 087
-
11 371
-
Employer
14 046
-
49 701
-
health
1 826
-
6 461
-
pensions
2 809
-
9 940
-
unemployment
113
-
397
-
total
4 748
-
16 798
-
Corporate
47 706
66 500
-
-
income
9 542
13 300
-
-
total
9 542
13 300
-
-
Dividends
38 164
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
16 377
13 300
28 169
30 856
After tax
50 123
53 200
38 331
35 644
Living cost
11 959
11 959
11 959
11 959
Free-cash
38 164
41 241
26 372
23 685

Estimated living cost  is ₴11959 per week

₴8203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5650
₴24317
₴34502
₴3694
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
127
income
-
-
-
17 468
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
20 962
Employee
17 361
-
58 560
-
pensions
1 955
-
3 827
-
income
2 382
-
12 675
-
health
1 988
-
6 705
-
total
6 325
-
23 207
-
Employer
17 361
-
58 560
-
pensions
2 823
-
5 527
-
accident
290
-
978
-
unemployment
425
-
1 435
-
total
3 538
-
7 940
-
Corporate
45 601
66 500
-
-
income

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

41 041
59 850
-
-
total
41 041
59 850
-
-
Dividends
4 560
6 650
-
-
withholding
866
1 264
-
-
total
866
1 264
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 770
61 114
31 147
20 962
After tax
14 730
5 386
35 353
45 538
Living cost
11 036
11 036
11 036
11 036
Free-cash
3 694
-5 650
24 317
34 502

Estimated living cost  is ₴11036 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59184
₴49209
₴61844
₴58435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
66 500
microenterprise

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

-
-
-
665
total
-
-
-
665
Employee
4 989
-
66 500
-
income
998
-
13 300
-
total
998
-
13 300
-
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%.

61 511
66 500
-
-
total
-
-
-
-
Dividends
61 511
66 500
-
-
withholding
3 076
3 325
-
-
total
3 076
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 074
3 325
13 300
665
After tax
62 426
63 175
53 200
65 835
Living cost
3 991
3 991
3 991
3 991
Free-cash
58 435
59 184
49 209
61 844

Estimated living cost  is ₴3991 per week

₴2473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35664
₴24995
₴22244
₴32321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 019
other
-
-
-
3 159
health
-
-
-
2 926
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.

-
-
-
15 959
total
-
-
-
31 063
Employee
17 978
-
53 116
-
unemployment
179
-
531
-
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.

1 258
-
3 718
-
income
3 095
-
9 936
-
health
252
-
743
-
total
4 784
-
14 928
-
Employer
17 978
-
53 116
-
health
252
-
743
-
pensions

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

3 057
-
9 030
-
accident
144
-
425
-
unemployment
179
-
531
-
other
899
-
2 655
-
total
4 531
-
13 384
-
Corporate
43 992
66 500
-
-
income
9 238
13 965
-
-
total
9 238
13 965
-
-
Dividends
34 753
52 535
-
-
withholding
2 433
3 678
-
-
total
2 433
3 678
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 986
17 643
28 312
31 063
After tax
45 514
48 857
38 188
35 437
Living cost
13 193
13 193
13 193
13 193
Free-cash
32 321
35 664
24 995
22 244

Estimated living cost  is ₴13193 per week

₴9322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12858
₴6644
₴12773
₴10262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
16 887
pensions
-
-
-
4 017
total
-
-
-
20 904
Employee
46 440
-
58 277
-
pensions
4 480
-
5 087
-
income
8 371
-
12 801
-
health
765
-
922
-
total
13 616
-
18 810
-
Employer
46 440
-
58 277
-
health
882
-
1 107
-
pensions
5 483
-
7 116
-
total
6 365
-
8 223
-
Corporate
13 695
66 500
-
-
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.

2 602
12 635
-
-
total
2 602
12 635
-
-
Dividends
11 094
53 865
-
-
withholding
832
8 184
-
-
total
832
8 184
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 415
20 819
27 033
20 904
After tax
43 085
45 681
39 467
45 596
Living cost
32 823
32 823
32 823
32 823
Free-cash
10 262
12 858
6 644
12 773

Estimated living cost  is ₴32823 per week

₴24595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴50369
₴47805
₴45420
₴48070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
unemployment
-
-
-
69
health
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
14 591
Employee
8 593
-
63 108
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
6 311
-
health
395
-
795
-
total
2 103
-
8 814
-
Employer
8 593
-
63 108
-
health
593
-
1 193
-
pensions

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

947
-
1 905
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
unemployment
51
-
104
-
total
1 686
-
3 392
-
Corporate
56 221
66 500
-
-
income
5 622
6 650
-
-
total
5 622
6 650
-
-
Dividends
50 599
59 850
-
-
withholding
2 530
2 992
-
-
total
2 530
2 992
-
-
Income
66 500
66 500
66 500
66 500
Total tax
11 941
9 642
12 206
14 591
After tax
54 559
56 858
54 294
51 909
Living cost
6 489
6 489
6 489
6 489
Free-cash
48 070
50 369
47 805
45 420

Estimated living cost  is ₴6489 per week

₴3789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5160
₴11015
₴10698
₴6403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
16 439
health
-
-
-
6 106
pensions
-
-
-
5 801
total
-
-
-
28 346
Employee
45 905
42 282
57 298
-
pensions
5 801
5 801
5 801
-
income

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

6 921
6 921
6 921
-
health
5 727
5 520
6 106
-
total
18 449
18 242
18 828
-
Employer
45 905
42 282
57 298
-
health
3 190
2 939
3 652
-
pensions
3 195
2 943
3 658
-
unemployment
1 653
1 522
1 891
-
total
8 038
7 404
9 201
-
Corporate
12 558
16 814
-
-
income
2 512
3 363
-
-
total
2 512
3 363
-
-
Dividends
10 046
13 451
-
-
income
2 135
2 858
-
-
withholding
1 507
2 017
-
-
total
3 642
4 875
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 641
33 884
28 029
28 346
After tax
33 859
32 616
38 471
38 154
Living cost
27 456
27 456
27 456
27 456
Free-cash
6 403
5 160
11 015
10 698

Estimated living cost  is ₴27456 per week

₴20253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33483
₴21444
₴21545
₴29095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
5 973
social contributions
-
-
-
17 703
solidarity contribution
-
-
-
-
health
-
-
-
8 977
total
-
-
-
32 653
Employee
18 092
-
49 627
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
3 226
-
income
2 171
-
5 955
-
health
2 442
-
6 700
-
total
5 789
-
15 881
-
Employer
18 092
-
49 627
-
health
1 628
-
4 466
-
social contributions
4 523
-
12 407
-
total
6 151
-
16 873
-
Corporate
42 257
66 500
-
-
income
8 029
12 635
-
-
total
8 029
12 635
-
-
Dividends
34 228
53 865
-
-
withholding
5 134
8 080
-
-
total
5 134
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 103
20 715
32 754
32 653
After tax
41 397
45 785
33 746
33 847
Living cost
12 302
12 302
12 302
12 302
Free-cash
29 095
33 483
21 444
21 545

Estimated living cost  is ₴12302 per week

₴8545
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.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14588
₴8867
₴12030
₴12002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
17 104
regional
-
-
-
764
municipal
-
-
-
396
national
-
-
-
15 313
total
-
-
-
33 577
Employee
44 004
-
66 500
-
municipal
233
-
352
-
national
7 625
-
13 292
-
regional
415
-
672
-
social contributions
14 838
-
22 424
-
total
23 111
-
36 740
-
Employer
44 004
-
66 500
-
total
-
-
-
-
Corporate
22 496
66 500
-
-
municipal
878
2 593
-
-
nationa
5 399
15 960
-
-
total
6 277
18 553
-
-
Dividends
16 219
47 947
-
-
withholding
4 217
12 466
-
-
total
4 217
12 466
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 605
31 019
36 740
33 577
After tax
32 895
35 481
29 760
32 923
Living cost
20 893
20 893
20 893
20 893
Free-cash
12 002
14 588
8 867
12 030

Estimated living cost  is ₴20893 per week

₴14564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30902
₴19474
₴20628
₴29359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
14 863
other
-
-
-
-
surtax
-
-
-
2 063
unemployment
-
-
-
113
health
-
-
-
4 691
pensions
-
-
-
13 216
total
-
-
-
34 946
Employee
16 374
-
54 936
-
other
-
-
-
-
unemployment
1 140
-
3 823
-
pensions
1 092
-
3 664
-
surtax
54
-
1 881
-
income
2 745
-
13 768
-
health
418
-
1 401
-
total
5 449
-
24 537
-
Employer
16 374
-
54 936
-
health
745
-
2 499
-
pensions
2 183
-
7 323
-
unemployment
519
-
1 741
-
other
-
-
-
-
total
3 447
-
11 563
-
Corporate
46 680
66 500
-
-
income
12 137
17 290
-
-
total
12 137
17 290
-
-
Dividends
34 543
49 210
-
-
withholding
5 182
7 382
-
-
total
5 182
7 382
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 215
24 672
36 100
34 946
After tax
40 285
41 828
30 400
31 554
Living cost
10 926
10 926
10 926
10 926
Free-cash
29 359
30 902
19 474
20 628

Estimated living cost  is ₴10926 per week

₴6681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
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.
₴2985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23257
₴17043
₴23172
₴23538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
16 887
pensions
-
-
-
4 017
total
-
-
-
20 904
Employee
31 123
-
58 277
-
pensions
2 642
-
5 087
-
income
5 605
-
12 801
-
health
452
-
922
-
total
8 699
-
18 810
-
Employer
31 123
-
58 277
-
health
591
-
1 107
-
pensions
3 369
-
7 116
-
total
3 960
-
8 223
-
Corporate
31 417
66 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

5 970
12 635
-
-
total
5 970
12 635
-
-
Dividends
25 448
53 865
-
-
withholding
1 909
8 184
-
-
total
1 909
8 184
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 538
20 819
27 033
20 904
After tax
45 962
45 681
39 467
45 596
Living cost
22 424
22 424
22 424
22 424
Free-cash
23 538
23 257
17 043
23 172

Estimated living cost  is ₴22424 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴8807
₴12310
₴15578
₴7970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
other

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

-
-
-
1 330
regional
-
-
-
2 723
health
-
-
-
150
city
-
-
-
701
national
-
-
-
684
pensions
-
-
-
6 118
total
-
-
-
11 706
Employee
45 893
-
59 521
-
unemployment
-
-
-
-
pensions
3 856
-
5 000
-
national
217
-
537
-
regional
1 503
-
2 338
-
city
493
-
640
-
health
104
-
134
-
total
6 173
-
8 649
-
Employer
45 893
-
59 521
-
health
104
-
134
-
pensions
3 856
-
5 000
-
unemployment
-
-
-
-
other

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

918
-
1 191
-
total
4 878
-
6 325
-
Corporate
15 226
66 500
-
-
regional
3 220
14 065
-
-
national
1 294
5 652
-
-
total
4 514
19 717
-
-
Dividends
10 712
46 783
-
-
withholding
3 749
16 374
-
-
total
3 749
16 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 314
36 091
14 974
11 706
After tax
47 186
30 409
51 526
54 794
Living cost
39 216
39 216
39 216
39 216
Free-cash
7 970
-8 807
12 310
15 578

Estimated living cost  is ₴39216 per week

₴25501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10207
₴21173
₴13716
₴18237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income

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

-
-
-
18 258
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.

-
-
-
1 004
health

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

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

-
-
-
3 383
trade
-
-
-
7 457
total
-
-
-
30 102
Employee

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

29 756
-
66 500
-
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.

193
-
1 004
-
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.

3 499
-
18 258
-
health

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

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

3 383
-
3 383
-
total
7 075
-
22 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 744
66 500
-
-
income
5 512
9 975
-
-
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.

303
549
-
-
chamber of commerce
127
169
-
-
trade
6 302
11 405
-
-
total
12 244
22 098
-
-
Dividends
24 500
44 402
-
-
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.

326
600
-
-
withholding
5 936
10 913
-
-
total
6 262
11 513
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 581
33 611
22 645
30 102
After tax
40 919
32 889
43 855
36 398
Living cost
22 682
22 682
22 682
22 682
Free-cash
18 237
10 207
21 173
13 716

Estimated living cost  is ₴22682 per week

₴16566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16575
₴21928
₴20870
₴19499
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 736
other
-
-
-
2 061
surtax
-
-
-
-
social contributions
-
-
-
1 895
health
-
-
-
2 166
pensions
-
-
-
13 832
total
-
-
-
28 690
Employee
21 191
-
52 685
-
pensions
2 396
-
3 157
-
surtax
-
-
-
-
social contributions
604
-
1 501
-
income
1 251
-
9 160
-
total
4 251
-
13 818
-
Employer
21 191
-
52 685
-
health
1 484
-
4 276
-
pensions
3 481
-
5 406
-
unemployment
858
-
2 134
-
social contributions
64
-
158
-
other
731
-
1 840
-
total
6 618
-
13 814
-
Corporate
38 692
66 500
-
-
income
10 834
18 620
-
-
surtax
-
-
-
-
total
10 834
18 620
-
-
Dividends
27 858
47 880
-
-
surtax
-
-
-
-
social contributions
4 792
8 236
-
-
withholding
3 566
6 129
-
-
total
8 358
14 365
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 061
32 985
27 632
28 690
After tax
36 439
33 515
38 868
37 810
Living cost
16 940
16 940
16 940
16 940
Free-cash
19 499
16 575
21 928
20 870

Estimated living cost  is ₴16940 per week

₴10681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18253
₴23606
₴22548
₴21006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 736
other
-
-
-
2 061
surtax
-
-
-
-
social contributions
-
-
-
1 895
health
-
-
-
2 166
pensions
-
-
-
13 832
total
-
-
-
28 690
Employee
18 916
-
52 685
-
pensions
2 139
-
3 157
-
surtax
-
-
-
-
social contributions
539
-
1 501
-
income
975
-
9 160
-
total
3 653
-
13 818
-
Employer
18 916
-
52 685
-
health
1 324
-
4 276
-
pensions
3 108
-
5 406
-
unemployment
766
-
2 134
-
social contributions
56
-
158
-
other
653
-
1 840
-
total
5 907
-
13 814
-
Corporate
41 677
66 500
-
-
income
11 670
18 620
-
-
surtax
-
-
-
-
total
11 670
18 620
-
-
Dividends
30 007
47 880
-
-
surtax
-
-
-
-
social contributions
5 161
8 236
-
-
withholding
3 841
6 129
-
-
total
9 002
14 365
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 232
32 985
27 632
28 690
After tax
36 268
33 515
38 868
37 810
Living cost
15 262
15 262
15 262
15 262
Free-cash
21 006
18 253
23 606
22 548

Estimated living cost  is ₴15262 per week

₴8851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30071
₴31444
₴32207
₴30330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
social contributions
-
-
-
9 177
health
-
-
-
4 642
total
-
-
-
23 794
Employee
16 788
-
66 500
-
social contributions
2 317
-
9 177
-
income
2 800
-
10 738
-
health
1 172
-
4 642
-
total
6 289
-
24 557
-
Employer
16 788
-
66 500
-
total
-
-
-
-
Corporate
49 712
66 500
-
-
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%.

2 485
3 325
-
-
total
2 485
3 325
-
-
Dividends
47 227
63 175
-
-
social contributions
6 517
8 719
-
-
withholding
7 084
9 476
-
-
health
3 296
4 410
-
-
total
16 897
22 605
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 671
25 930
24 557
23 794
After tax
40 829
40 570
41 943
42 706
Living cost
10 499
10 499
10 499
10 499
Free-cash
30 330
30 071
31 444
32 207

Estimated living cost  is ₴10499 per week

₴7026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19545
₴539
₴16145
₴18783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
14 382
surtax
-
-
-
98
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
266
health
-
-
-
4 425
pensions
-
-
-
10 701
total
-
-
-
32 909
Employee
24 744
19 732
51 564
-
other
247
197
516
-
unemployment
742
592
1 547
-
pensions
2 534
2 020
5 281
-
income
2 817
1 455
11 815
-
health
957
764
1 996
-
total
7 297
5 028
21 155
-
Employer
24 744
19 732
51 564
-
chamber of commerce
99
79
207
-
health
935
746
1 949
-
pensions
3 105
2 477
6 471
-
accident
321
257
670
-
unemployment
742
592
1 547
-
surtax
98
98
98
-
payroll
742
592
1 547
-
other
1 175
937
2 449
-
total
7 217
5 778
14 938
-
Corporate
34 538
40 992
49 685
-
income

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

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

8 634
10 248
12 422
-
total
8 634
10 248
12 422
-
Dividends
25 904
30 743
-
-
withholding
7 123
8 455
-
-
total
7 123
8 455
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 271
29 509
48 515
32 909
After tax
36 229
36 991
17 985
33 591
Living cost
17 446
17 446
17 446
17 446
Free-cash
18 783
19 545
539
16 145

Estimated living cost  is ₴17446 per week

₴11636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19181
₴6517
₴11454
₴11755
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
communal

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

-
-
-
3 360
social contributions
-
-
-
10 503
national
-
-
-
23 130
total
-
-
-
36 993
Employee

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

35 417
-
51 508
-
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.

308
-
448
-
communal

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

1 847
-
2 686
-
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.

2 656
-
3 863
-
national
10 889
-
17 520
-
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.

1 664
-
2 420
-
total
17 364
-
26 937
-
Employer

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

35 417
-
51 508
-
health

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

2 178
-
3 167
-
pensions

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

3 138
-
4 564
-
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.

460
-
669
-
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.

517
-
752
-
surtax
4 016
-
5 841
-
total
10 309
-
14 993
-
Corporate
20 774
66 500
-
-
income
4 155
13 300
-
-
surtax
83
266
-
-
total
4 238
13 566
-
-
Dividends
16 536
52 934
-
-
withholding

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

4 781
15 700
-
-
total
4 781
15 700
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 692
29 266
41 930
36 993
After tax
29 808
37 234
24 570
29 507
Living cost
18 053
18 053
18 053
18 053
Free-cash
11 755
19 181
6 517
11 454

Estimated living cost  is ₴18053 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1579
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26696
₴16999
₴19380
₴22943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
413
income
-
-
-
15 472
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
29 239
Employee
24 646
-
51 869
-
other
24
-
46
-
unemployment
382
-
711
-
pensions
1 159
-
2 157
-
income
5 200
-
14 075
-
total
6 765
-
16 989
-
Employer
24 646
-
51 869
-
pensions
5 816
-
10 831
-
accident
488
-
909
-
unemployment
1 356
-
2 524
-
other
196
-
367
-
total
7 856
-
14 631
-
Corporate
33 998
66 500
-
-
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.

5 099
9 975
-
-
total
5 099
9 975
-
-
Dividends
28 898
56 525
-
-
withholding
5 956
11 948
-
-
total
5 956
11 948
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 676
21 923
31 620
29 239
After tax
40 824
44 577
34 880
37 261
Living cost
17 881
17 881
17 881
17 881
Free-cash
22 943
26 696
16 999
19 380

Estimated living cost  is ₴17881 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13017
₴10940
₴8290
₴7879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
communal
-
-
-
4 203
accident
-
-
-
561
income
-
-
-
8 602
surtax
-
-
-
3 297
health
-
-
-
4 673
pensions
-
-
-
9 967
total
-
-
-
31 303
Employee
37 496
-
59 401
-
pensions
2 999
-
4 753
-
surtax
2 298
-
3 640
-
income
3 622
-
10 517
-
health
1 669
-
2 643
-
total
10 588
-
21 553
-
Employer
37 496
-
59 401
-
health
1 143
-
1 812
-
pensions
2 999
-
4 753
-
accident
337
-
535
-
total
4 479
-
7 100
-
Corporate
24 524
66 500
-
-
communal
1 656
4 488
-
-
income
3 679
9 975
-
-
surtax
257
698
-
-
total
5 592
15 161
-
-
Dividends
18 933
51 339
-
-
income
8 216
3 714
-
-
withholding
2 839
7 701
-
-
total
11 055
11 415
-
-
Income
66 500
66 500
66 500
66 500
Total tax
31 714
26 576
28 653
31 303
After tax
34 786
39 924
37 847
35 197
Living cost
26 907
26 907
26 907
26 907
Free-cash
7 879
13 017
10 940
8 290

Estimated living cost  is ₴26907 per week

₴20185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30707
₴19279
₴20433
₴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
-
-
-
66 500
income
-
-
-
14 863
other
-
-
-
-
surtax
-
-
-
2 063
unemployment
-
-
-
113
health
-
-
-
4 691
pensions
-
-
-
13 216
total
-
-
-
34 946
Employee
16 674
-
54 936
-
other
-
-
-
-
unemployment
1 160
-
3 823
-
pensions
1 112
-
3 664
-
surtax
59
-
1 881
-
income
2 795
-
13 768
-
health
426
-
1 401
-
total
5 552
-
24 537
-
Employer
16 674
-
54 936
-
health
758
-
2 499
-
pensions
2 223
-
7 323
-
unemployment
529
-
1 741
-
other
-
-
-
-
total
3 510
-
11 563
-
Corporate
46 315
66 500
-
-
income
12 042
17 290
-
-
total
12 042
17 290
-
-
Dividends
34 273
49 210
-
-
withholding
5 141
7 382
-
-
total
5 141
7 382
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 245
24 672
36 100
34 946
After tax
40 255
41 828
30 400
31 554
Living cost
11 121
11 121
11 121
11 121
Free-cash
29 134
30 707
19 279
20 433

Estimated living cost  is ₴11121 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21615
₴16199
₴19346
₴20516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
17 104
regional
-
-
-
1 003
municipal
-
-
-
396
national
-
-
-
15 313
total
-
-
-
33 816
Employee
27 466
-
66 500
-
municipal
146
-
352
-
national
4 351
-
13 292
-
regional
370
-
895
-
social contributions
9 262
-
22 424
-
total
14 129
-
36 963
-
Employer
27 466
-
66 500
-
total
-
-
-
-
Corporate
39 034
66 500
-
-
municipal
1 940
3 306
-
-
nationa
9 368
15 960
-
-
total
11 308
19 266
-
-
Dividends
27 726
47 234
-
-
withholding
7 209
12 281
-
-
total
7 209
12 281
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 646
31 547
36 963
33 816
After tax
33 854
34 953
29 537
32 684
Living cost
13 338
13 338
13 338
13 338
Free-cash
20 516
21 615
16 199
19 346

Estimated living cost  is ₴13338 per week

₴8295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30625
₴18586
₴18687
₴25218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
5 973
social contributions
-
-
-
17 703
solidarity contribution
-
-
-
-
health
-
-
-
8 977
total
-
-
-
32 653
Employee
22 294
-
49 627
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
3 226
-
income
2 675
-
5 955
-
health
3 010
-
6 700
-
total
7 134
-
15 881
-
Employer
22 294
-
49 627
-
health
2 006
-
4 466
-
social contributions
5 573
-
12 407
-
total
7 579
-
16 873
-
Corporate
36 626
66 500
-
-
income
6 959
12 635
-
-
total
6 959
12 635
-
-
Dividends
29 667
53 865
-
-
withholding
4 450
8 080
-
-
total
4 450
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 122
20 715
32 754
32 653
After tax
40 378
45 785
33 746
33 847
Living cost
15 160
15 160
15 160
15 160
Free-cash
25 218
30 625
18 586
18 687

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
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.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21249
₴2210
₴17893
₴21006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
14 382
surtax
-
-
-
-
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
266
health
-
-
-
4 425
pensions
-
-
-
10 701
total
-
-
-
32 811
Employee
21 644
19 732
51 639
-
other
216
197
517
-
unemployment
649
592
1 549
-
pensions
2 217
2 020
5 288
-
income
1 928
1 455
11 841
-
health
837
764
1 999
-
total
5 847
5 028
21 194
-
Employer
21 644
19 732
51 639
-
chamber of commerce
86
79
207
-
health
818
746
1 952
-
pensions
2 716
2 477
6 480
-
accident
281
257
671
-
unemployment
649
592
1 549
-
surtax
-
-
-
-
payroll
649
592
1 549
-
other
1 028
937
2 452
-
total
6 227
5 680
14 860
-
Corporate
38 628
41 089
49 760
-
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.

9 657
10 273
12 440
-
total
9 657
10 273
12 440
-
Dividends
28 971
30 817
-
-
withholding
7 967
8 474
-
-
total
7 967
8 474
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 698
29 455
48 494
32 811
After tax
36 802
37 045
18 006
33 689
Living cost
15 796
15 796
15 796
15 796
Free-cash
21 006
21 249
2 210
17 893

Estimated living cost  is ₴15796 per week

₴9476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56956
₴46981
₴59616
₴55790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
66 500
microenterprise

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

-
-
-
665
total
-
-
-
665
Employee
7 774
-
66 500
-
income
1 555
-
13 300
-
total
1 555
-
13 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

58 726
66 500
-
-
total
-
-
-
-
Dividends
58 726
66 500
-
-
withholding
2 936
3 325
-
-
total
2 936
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 491
3 325
13 300
665
After tax
62 009
63 175
53 200
65 835
Living cost
6 219
6 219
6 219
6 219
Free-cash
55 790
56 956
46 981
59 616

Estimated living cost  is ₴6219 per week

₴4209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1541
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32505
₴18473
₴20251
₴28365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income
-
-
-
14 182
unemployment
-
-
-
100
health
-
-
-
6 543
pensions
-
-
-
12 144
total
-
-
-
32 969
Employee

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

21 895
-
57 541
-
unemployment
31
-
81
-
pensions
3 394
-
8 919
-
income
3 776
-
13 070
-
health
1 414
-
3 717
-
total
8 615
-
25 787
-
Employer

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

21 895
-
57 541
-
health
1 458
-
3 832
-
pensions
1 937
-
5 093
-
unemployment
13
-
35
-
total
3 408
-
8 960
-
Corporate
41 196
66 500
-
-
income
7 827
12 635
-
-
total
7 827
12 635
-
-
Dividends
33 369
53 865
-
-
withholding
5 005
8 080
-
-
total
5 005
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 855
20 715
34 747
32 969
After tax
41 645
45 785
31 753
33 531
Living cost
13 280
13 280
13 280
13 280
Free-cash
28 365
32 505
18 473
20 251

Estimated living cost  is ₴13280 per week

₴9114
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.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴18779
₴38210
₴24277
-₴8418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
12 962
social contributions
-
-
-
7 581
total
-
-
-
20 543
Employee
31 086
-
-
-
social contributions
2 549
-
363
-
income
6 857
-
-
-
total
9 406
-
363
-
Employer
31 086
-
-
-
social contributions
43 832
-
6 247
-
total
43 832
-
6 247
-
Corporate
-
66 500
-
-
income
-
14 630
-
-
total
-
14 630
-
-
Dividends
-
51 870
-
-
income
-
11 411
-
-
total
-
11 411
-
-
Income
66 500
66 500
66 500
66 500
Total tax
53 238
26 041
6 610
20 543
After tax
13 262
40 459
59 890
45 957
Living cost
21 680
21 680
21 680
21 680
Free-cash
-8 418
18 779
38 210
24 277

Estimated living cost  is ₴21680 per week

₴14067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22295
₴16370
₴20783
₴21796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income
-
-
-
7 077
surtax
-
-
-
-
social contributions

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

-
-
-
23 109
total
-
-
-
30 186
Employee
22 772
-
53 737
-
surtax
-
-
-
-
social contributions
2 505
-
5 911
-
income
4 737
-
15 925
-
total
7 242
-
21 836
-
Employer
22 772
-
53 737
-
social contributions
5 408
-
12 763
-
total
5 408
-
12 763
-
Corporate
38 320
66 500
-
-
income
8 047
13 965
-
-
surtax
-
-
-
-
total
8 047
13 965
-
-
Dividends
30 273
52 535
-
-
withholding
8 476
14 709
-
-
total
8 476
14 709
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 173
28 674
34 599
30 186
After tax
37 327
37 826
31 901
36 314
Living cost
15 531
15 531
15 531
15 531
Free-cash
21 796
22 295
16 370
20 783

Estimated living cost  is ₴15531 per week

₴11620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9601
₴14954
₴13896
₴13006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 736
other
-
-
-
2 061
surtax
-
-
-
-
social contributions
-
-
-
1 895
health
-
-
-
2 166
pensions
-
-
-
13 832
total
-
-
-
28 690
Employee
31 011
-
52 685
-
pensions
3 508
-
3 157
-
surtax
-
-
-
-
social contributions
883
-
1 501
-
income
2 706
-
9 160
-
total
7 097
-
13 818
-
Employer
31 011
-
52 685
-
health
2 170
-
4 276
-
pensions
5 095
-
5 406
-
unemployment
1 256
-
2 134
-
social contributions
93
-
158
-
other
1 070
-
1 840
-
total
9 684
-
13 814
-
Corporate
25 804
66 500
-
-
income
7 225
18 620
-
-
surtax
-
-
-
-
total
7 225
18 620
-
-
Dividends
18 579
47 880
-
-
surtax
-
-
-
-
social contributions
3 196
8 236
-
-
withholding
2 378
6 129
-
-
total
5 574
14 365
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 580
32 985
27 632
28 690
After tax
36 920
33 515
38 868
37 810
Living cost
23 914
23 914
23 914
23 914
Free-cash
13 006
9 601
14 954
13 896

Estimated living cost  is ₴23914 per week

₴16185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44967
₴36575
₴34807
₴43303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
2 180
social contributions
-
-
-
14 630
total
-
-
-
16 810
Employee
15 918
-
57 576
-
income
-
-
2 376
-
social contributions
1 035
-
3 742
-
total
1 035
-
6 118
-
Employer
15 918
-
57 576
-
social contributions
2 467
-
8 924
-
total
2 467
-
8 924
-
Corporate
48 115
66 500
-
-
income
4 812
6 650
-
-
total
4 812
6 650
-
-
Dividends
43 303
59 850
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
8 314
6 650
15 042
16 810
After tax
58 186
59 850
51 458
49 690
Living cost
14 883
14 883
14 883
14 883
Free-cash
43 303
44 967
36 575
34 807

Estimated living cost  is ₴14883 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴41322
-₴41322
₴16582
-₴41322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
labour market
-
-
-
5 286
municipal
-
-
-
13 238
national
-
-
-
7 132
pensions
-
-
-
429
total
-
-
-
26 085
Employee
100 594
100 594
100 594
-
municipal
21 421
21 421
21 421
-
labour market
8 036
8 036
8 036
-
pensions
143
143
143
-
national
12 289
12 289
12 289
-
total
41 889
41 889
41 889
-
Employer
100 594
100 594
100 594
-
national
12 311
12 311
12 311
-
labour market
8 048
8 048
8 048
-
pensions
286
286
286
-
municipal
21 455
21 455
21 455
-
total
42 100
42 100
42 100
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
83 989
83 989
83 989
26 085
After tax
-17 489
-17 489
-17 489
40 415
Living cost
23 833
23 833
23 833
23 833
Free-cash
-41 322
-41 322
-41 322
16 582

Estimated living cost  is ₴23833 per week

₴16312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5488
₴24479
₴34664
₴3718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
127
income
-
-
-
17 468
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
20 962
Employee
17 105
-
58 560
-
pensions
1 926
-
3 827
-
income
2 347
-
12 675
-
health
1 959
-
6 705
-
total
6 232
-
23 207
-
Employer
17 105
-
58 560
-
pensions
2 781
-
5 527
-
accident
286
-
978
-
unemployment
419
-
1 435
-
total
3 486
-
7 940
-
Corporate
45 909
66 500
-
-
income

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

41 318
59 850
-
-
total
41 318
59 850
-
-
Dividends
4 591
6 650
-
-
withholding
872
1 264
-
-
total
872
1 264
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 908
61 114
31 147
20 962
After tax
14 592
5 386
35 353
45 538
Living cost
10 874
10 874
10 874
10 874
Free-cash
3 718
-5 488
24 479
34 664

Estimated living cost  is ₴10874 per week

₴7915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23909
₴17192
₴26311
₴24306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
66 500
health
-
-
-
817
municipal
-
-
-
11 823
national
-
-
-
8 540
total
-
-
-
21 180
Employee
26 050
-
55 944
-
municipal
4 267
-
9 122
-
unemployment
391
-
839
-
pensions
1 758
-
3 776
-
national
430
-
5 351
-
health
194
-
655
-
total
7 040
-
19 743
-
Employer
26 050
-
55 944
-
health
200
-
430
-
pensions
4 519
-
9 706
-
accident
26
-
56
-
unemployment
169
-
364
-
total
4 914
-
10 556
-
Corporate
35 535
66 500
-
-
income
7 107
13 300
-
-
total
7 107
13 300
-
-
Dividends

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

21 321
39 900
-
-
municipal
3 837
7 182
-
-
national
287
3 100
-
-
total
4 124
10 282
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 185
23 582
30 299
21 180
After tax
43 315
42 918
36 201
45 320
Living cost
19 009
19 009
19 009
19 009
Free-cash
24 306
23 909
17 192
26 311

Estimated living cost  is ₴19009 per week

₴12417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37116
₴34357
₴35026
₴34423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
10 303
social contributions
-
-
-
8 011
health
-
-
-
1 696
total
-
-
-
20 010
Employee
38 073
38 073
61 108
-
social contributions
1 439
3 160
4 262
-
income
4 146
3 524
9 986
-
health
295
647
1 039
-
total
5 880
7 331
15 287
-
Employer
38 073
38 073
61 108
-
health
320
705
1 130
-
social contributions
1 439
3 160
4 262
-
total
1 759
3 865
5 392
-
Corporate
47 396
24 562
-
-
income
5 924
3 071
-
-
total
5 924
3 071
-
-
Dividends
41 472
21 492
-
-
withholding
7 050
3 653
-
-
total
7 050
3 653
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 613
17 920
20 679
20 010
After tax
45 887
48 580
45 821
46 490
Living cost
11 464
11 464
11 464
11 464
Free-cash
34 423
37 116
34 357
35 026

Estimated living cost  is ₴11464 per week

₴6870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47208
₴37158
₴47088
₴44689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
66 500
income
-
-
-
6 595
unemployment
-
-
-
14
health
-
-
-
1 792
pensions
-
-
-
3 150
total
-
-
-
11 551
Employee

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

11 365
-
61 661
-
unemployment
56
-
235
-
pensions
1 704
-
7 047
-
income
777
-
5 367
-
health
966
-
3 993
-
total
3 503
-
16 642
-
Employer

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

11 365
-
61 661
-
health
489
-
2 020
-
pensions
625
-
2 584
-
unemployment
56
-
235
-
total
1 170
-
4 839
-
Corporate
53 965
66 500
-
-
income
4 857
5 985
-
-
total
4 857
5 985
-
-
Dividends
49 108
60 515
-
-
withholding
4 420
5 446
-
-
total
4 420
5 446
-
-
Income
66 500
66 500
66 500
66 500
Total tax
13 950
11 431
21 481
11 551
After tax
52 550
55 069
45 019
54 949
Living cost
7 861
7 861
7 861
7 861
Free-cash
44 689
47 208
37 158
47 088

Estimated living cost  is ₴7861 per week

₴5016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
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.
₴2045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30961
₴21264
₴23645
₴28554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
413
income
-
-
-
15 472
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
29 239
Employee
18 308
-
51 869
-
other
18
-
46
-
unemployment
284
-
711
-
pensions
861
-
2 157
-
income
3 530
-
14 075
-
total
4 693
-
16 989
-
Employer
18 308
-
51 869
-
pensions
4 320
-
10 831
-
accident
363
-
909
-
unemployment
1 007
-
2 524
-
other
147
-
367
-
total
5 837
-
14 631
-
Corporate
42 355
66 500
-
-
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.

6 354
9 975
-
-
total
6 354
9 975
-
-
Dividends
36 002
56 525
-
-
withholding
7 447
11 948
-
-
total
7 447
11 948
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 331
21 923
31 620
29 239
After tax
42 169
44 577
34 880
37 261
Living cost
13 616
13 616
13 616
13 616
Free-cash
28 554
30 961
21 264
23 645

Estimated living cost  is ₴13616 per week

₴9190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
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.
₴2878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40536
₴41633
₴41701
₴40377
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
22 631
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
23 839
Employee
1 462
-
65 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
22 594
-
health
73
-
175
-
total
503
-
23 119
-
Employer
1 462
-
65 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
64 709
66 500
-
-
income
14 236
14 630
-
-
total
14 236
14 630
-
-
Dividends
50 473
51 870
-
-
withholding
10 095
10 374
-
-
total
10 095
10 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 163
25 004
23 907
23 839
After tax
41 337
41 496
42 593
42 661
Living cost
960
960
960
960
Free-cash
40 377
40 536
41 633
41 701

Estimated living cost  is ₴960 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴39484
₴29552
₴29550
₴37047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income
-
-
-
14 557
unemployment
-
-
-
549
health
-
-
-
3 769
pensions
-
-
-
9 513
total
-
-
-
28 388
Employee

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

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

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

12 911
-
59 951
-
unemployment
97
-
274
-
pensions
1 808
-
5 122
-
income
1 780
-
14 557
-
health
665
-
1 884
-
total
4 350
-
21 837
-
Employer

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

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

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

12 911
-
59 951
-
health
665
-
1 884
-
pensions
1 549
-
4 391
-
unemployment
97
-
274
-
total
2 311
-
6 549
-
Corporate
51 278
66 500
-
-
income
7 692
9 975
-
-
total
7 692
9 975
-
-
Dividends
43 586
56 525
-
-
withholding
6 538
8 479
-
-
total
6 538
8 479
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 891
18 454
28 386
28 388
After tax
45 609
48 046
38 114
38 112
Living cost
8 562
8 562
8 562
8 562
Free-cash
37 047
39 484
29 552
29 550

Estimated living cost  is ₴8562 per week

₴5765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24478
₴18553
₴22966
₴24298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income
-
-
-
7 077
surtax
-
-
-
-
social contributions

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

-
-
-
23 109
total
-
-
-
30 186
Employee
19 217
-
53 737
-
surtax
-
-
-
-
social contributions
2 114
-
5 911
-
income
3 755
-
15 925
-
total
5 869
-
21 836
-
Employer
19 217
-
53 737
-
social contributions
4 564
-
12 763
-
total
4 564
-
12 763
-
Corporate
42 719
66 500
-
-
income
8 971
13 965
-
-
surtax
-
-
-
-
total
8 971
13 965
-
-
Dividends
33 748
52 535
-
-
withholding
9 450
14 709
-
-
total
9 450
14 709
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 854
28 674
34 599
30 186
After tax
37 646
37 826
31 901
36 314
Living cost
13 348
13 348
13 348
13 348
Free-cash
24 298
24 478
18 553
22 966

Estimated living cost  is ₴13348 per week

₴9454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27176
₴17479
₴19860
₴23591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
413
income
-
-
-
15 472
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
29 239
Employee
23 912
-
51 869
-
other
23
-
46
-
unemployment
370
-
711
-
pensions
1 124
-
2 157
-
income
4 994
-
14 075
-
total
6 511
-
16 989
-
Employer
23 912
-
51 869
-
pensions
5 643
-
10 831
-
accident
474
-
909
-
unemployment
1 315
-
2 524
-
other
192
-
367
-
total
7 624
-
14 631
-
Corporate
34 964
66 500
-
-
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.

5 245
9 975
-
-
total
5 245
9 975
-
-
Dividends
29 719
56 525
-
-
withholding
6 128
11 948
-
-
total
6 128
11 948
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 508
21 923
31 620
29 239
After tax
40 992
44 577
34 880
37 261
Living cost
17 401
17 401
17 401
17 401
Free-cash
23 591
27 176
17 479
19 860

Estimated living cost  is ₴17401 per week

₴12497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48344
₴45780
₴43395
₴45326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
unemployment
-
-
-
69
health
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
14 591
Employee
11 274
-
63 108
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
6 311
-
health
519
-
795
-
total
2 761
-
8 814
-
Employer
11 274
-
63 108
-
health
778
-
1 193
-
pensions

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

1 242
-
1 905
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 212
-
3 392
-
Corporate
53 014
66 500
-
-
income
5 301
6 650
-
-
total
5 301
6 650
-
-
Dividends
47 713
59 850
-
-
withholding
2 386
2 992
-
-
total
2 386
2 992
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 660
9 642
12 206
14 591
After tax
53 840
56 858
54 294
51 909
Living cost
8 514
8 514
8 514
8 514
Free-cash
45 326
48 344
45 780
43 395

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15141
₴24739
₴18500
₴21618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income

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

-
-
-
18 258
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.

-
-
-
1 004
health

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

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

-
-
-
3 383
trade
-
-
-
6 239
total
-
-
-
28 884
Employee

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

24 636
-
66 500
-
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.

112
-
1 004
-
income

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

2 026
-
18 258
-
health

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

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

3 383
-
3 383
-
total
5 521
-
22 645
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 864
66 500
-
-
income
6 279
9 975
-
-
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
549
-
-
chamber of commerce
136
173
-
-
trade
6 008
9 543
-
-
total
12 769
20 240
-
-
Dividends
29 095
46 261
-
-
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.

390
626
-
-
withholding
7 086
11 377
-
-
total
7 476
12 003
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 766
32 243
22 645
28 884
After tax
40 734
34 257
43 855
37 616
Living cost
19 116
19 116
19 116
19 116
Free-cash
21 618
15 141
24 739
18 500

Estimated living cost  is ₴19116 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴18344
₴9264
₴9264
₴19438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
18 416
social contributions
-
-
-
10 615
total
-
-
-
29 031
Employee
38 730
-
66 500
-
income
7 308
-
18 416
-
social contributions
3 218
-
10 615
-
total
10 526
-
29 031
-
Employer
38 730
-
66 500
-
total
-
-
-
-
Corporate
27 770
66 500
-
-
income
3 471
8 313
-
-
total
3 471
8 313
-
-
Dividends
24 299
58 187
-
-
withholding
4 860
11 638
-
-
total
4 860
11 638
-
-
Income
66 500
66 500
66 500
66 500
Total tax
18 857
19 951
29 031
29 031
After tax
47 643
46 549
37 469
37 469
Living cost
28 205
28 205
28 205
28 205
Free-cash
19 438
18 344
9 264
9 264

Estimated living cost  is ₴28205 per week

₴21458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22636
₴30573
₴31454
₴24365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income
-
-
-
14 094
health

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

-
-
-
2 979
total
-
-
-
17 073
Employee
22 714
-
64 222
-
income
2 465
-
13 398
-
social contributions
2 276
-
2 278
-
total
4 741
-
15 676
-
Employer
22 714
-
64 222
-
social contributions
2 276
-
2 278
-
total
2 276
-
2 278
-
Corporate
41 511
66 500
-
-
income
14 529
23 275
-
-
total
14 529
23 275
-
-
Dividends
26 982
43 225
-
-
social contributions
2 616
2 616
-
-
total
2 616
2 616
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 162
25 891
17 954
17 073
After tax
42 338
40 609
48 546
49 427
Living cost
17 973
17 973
17 973
17 973
Free-cash
24 365
22 636
30 573
31 454

Estimated living cost  is ₴17973 per week

₴11839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4441
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27451
₴21237
₴27366
₴28826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
16 887
pensions
-
-
-
4 017
total
-
-
-
20 904
Employee
25 023
-
58 277
-
pensions
1 910
-
5 087
-
income
4 557
-
12 801
-
health
326
-
922
-
total
6 793
-
18 810
-
Employer
25 023
-
58 277
-
health
476
-
1 107
-
pensions
2 528
-
7 116
-
total
3 004
-
8 223
-
Corporate
38 473
66 500
-
-
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.

7 310
12 635
-
-
total
7 310
12 635
-
-
Dividends
31 163
53 865
-
-
withholding
2 337
8 184
-
-
total
2 337
8 184
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 444
20 819
27 033
20 904
After tax
47 056
45 681
39 467
45 596
Living cost
18 230
18 230
18 230
18 230
Free-cash
28 826
27 451
21 237
27 366

Estimated living cost  is ₴18230 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6564
₴23403
₴33588
₴3554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
127
income
-
-
-
17 468
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
20 962
Employee
18 798
-
58 560
-
pensions
2 117
-
3 827
-
income
2 579
-
12 675
-
health
2 152
-
6 705
-
total
6 848
-
23 207
-
Employer
18 798
-
58 560
-
pensions
3 056
-
5 527
-
accident
314
-
978
-
unemployment
460
-
1 435
-
total
3 830
-
7 940
-
Corporate
43 871
66 500
-
-
income

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

39 484
59 850
-
-
total
39 484
59 850
-
-
Dividends
4 387
6 650
-
-
withholding
834
1 264
-
-
total
834
1 264
-
-
Income
66 500
66 500
66 500
66 500
Total tax
50 996
61 114
31 147
20 962
After tax
15 504
5 386
35 353
45 538
Living cost
11 950
11 950
11 950
11 950
Free-cash
3 554
-6 564
23 403
33 588

Estimated living cost  is ₴11950 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49272
₴38274
₴30873
₴46956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
66 500
income
-
-
-
10 651
unemployment
-
-
-
798
work injury
-
-
-
333
health insurance
-
-
-
4 921
pensions
-
-
-
12 236
total
-
-
-
28 939
Employee

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

10 700
-
66 500
-
health insurance
792
-
2 930
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
10 651
-
total
4 012
-
21 538
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 800
66 500
-
-
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%.

558
665
-
-
total
558
665
-
-
Dividends
55 242
65 835
-
-
withholding
8 286
9 875
-
-
total
8 286
9 875
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 856
10 540
21 538
28 939
After tax
53 644
55 960
44 962
37 561
Living cost
6 688
6 688
6 688
6 688
Free-cash
46 956
49 272
38 274
30 873

Estimated living cost  is ₴6688 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
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.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15303
₴9387
₴12429
₴13050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
17 104
regional
-
-
-
1 485
municipal
-
-
-
444
national
-
-
-
15 313
total
-
-
-
34 346
Employee
41 723
-
66 500
-
municipal
249
-
397
-
national
7 051
-
13 292
-
regional
630
-
1 275
-
social contributions
14 069
-
22 424
-
total
21 999
-
37 388
-
Employer
41 723
-
66 500
-
total
-
-
-
-
Corporate
24 777
66 500
-
-
municipal
1 194
3 205
-
-
nationa
5 947
15 960
-
-
total
7 141
19 165
-
-
Dividends
17 636
47 335
-
-
withholding
4 585
12 307
-
-
total
4 585
12 307
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 725
31 472
37 388
34 346
After tax
32 775
35 028
29 112
32 154
Living cost
19 725
19 725
19 725
19 725
Free-cash
13 050
15 303
9 387
12 429

Estimated living cost  is ₴19725 per week

₴13855
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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