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
₴28534
₴17990
₴21829
₴23682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
17 876
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.

-
-
-
984
trade
-
-
-
6 705
total
-
-
-
29 081
Employee

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

19 686
-
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.

30
-
984
-
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.

550
-
17 876
-
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.

3 516
-
3 516
-
total
4 096
-
22 376
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 814
66 500
-
-
chamber of commerce
146
174
-
-
surtax

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

386
549
-
-
trade
7 373
10 473
-
-
income
7 022
9 975
-
-
total
14 927
21 171
-
-
Dividends
31 887
45 328
-
-
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.

428
612
-
-
withholding
7 777
11 137
-
-
total
8 205
11 749
-
-
Income
66 500
66 500
66 500
66 500
Total tax
27 228
32 920
22 376
29 081
After tax
39 272
33 580
44 124
37 419
Living cost
15 590
15 590
15 590
15 590
Free-cash
23 682
17 990
28 534
21 829

Estimated living cost  is ₴15590 per week

₴9806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1818
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13002
₴14236
₴12481
₴13783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 980
national
-
-
-
10 979
municipal
-
-
-
7 085
total
-
-
-
26 759
Employee
42 259
-
57 489
-
municipal
5 220
-
7 343
-
national
8 088
-
11 378
-
pensions
1 690
-
2 300
-
total
14 998
-
21 021
-
Employer
42 259
-
57 489
-
pensions
3 381
-
4 599
-
social contributions
454
-
618
-
total
3 835
-
5 217
-
Corporate
17 617
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%.

3 523
13 300
-
-
total
3 523
13 300
-
-
Dividends
14 094
53 200
-
-
withholding
3 101
11 704
-
-
total
3 101
11 704
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 457
25 004
26 238
26 759
After tax
41 043
41 496
40 262
39 741
Living cost
27 260
27 260
27 260
27 260
Free-cash
13 783
14 236
13 002
12 481

Estimated living cost  is ₴27260 per week

₴18529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2534
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26605
₴42492
₴8942
₴38270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 720
income
-
-
-
10 173
surtax
-
-
-
16 957
microenterprise
-
-
-
-
total
-
-
-
46 850
Employee
15 040
-
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.

1 655
-
5 895
-
income
2 677
-
10 383
-
total
4 332
-
16 278
-
Employer
15 040
-
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.

3 623
-
12 909
-
total
3 623
-
12 909
-
Corporate
47 838
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%.

9 567
13 300
-
-
total
9 567
13 300
-
-
Dividends

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

38 271
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
17 522
13 300
29 187
46 850
After tax
48 978
53 200
37 313
19 650
Living cost
10 708
10 708
10 708
10 708
Free-cash
38 270
42 492
26 605
8 942

Estimated living cost  is ₴10708 per week

₴6831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15803
₴11004
₴16777
₴7849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 347
income
-
-
-
15 785
pensions
-
-
-
6 030
total
-
-
-
28 162
Employee
43 953
43 953
56 935
-
income

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

7 194
7 194
7 194
-
pensions
7 912
6 030
6 030
-
health
6 746
5 738
6 347
-
total
21 852
18 962
19 571
-
Employer
43 953
43 953
56 935
-
unemployment
1 582
1 582
1 966
-
health
3 055
3 055
3 797
-
pensions
3 059
3 059
3 802
-
total
7 696
7 696
9 565
-
Corporate
15 390
14 850
-
-
income
3 078
2 970
-
-
total
3 078
2 970
-
-
Dividends
12 312
11 880
-
-
income
2 617
2 525
-
-
withholding
1 847
1 782
-
-
total
4 464
4 307
-
-
Income
66 500
66 500
66 500
66 500
Total tax
37 090
33 935
29 136
28 162
After tax
29 410
32 565
37 364
38 338
Living cost
21 561
21 561
21 561
21 561
Free-cash
7 849
11 004
15 803
16 777

Estimated living cost  is ₴21561 per week

₴15280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13407
₴14882
₴13985
₴14400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 457
health
-
-
-
2 930
accident
-
-
-
94
pensions
-
-
-
5 076
national
-
-
-
1 711
unemployment
-
-
-
47
municipal
-
-
-
15 773
total
-
-
-
31 088
Employee
30 532
-
51 745
-
municipal
9 105
-
15 430
-
national
-
-
1 481
-
total
9 105
-
16 911
-
Employer
30 532
-
51 745
-
other
3 548
-
5 457
-
unemployment
806
-
1 240
-
health
1 878
-
2 888
-
accident
61
-
94
-
pensions
3 300
-
5 076
-
total
9 593
-
14 755
-
Corporate
26 375
66 500
-
-
income
5 803
14 630
-
-
total
5 803
14 630
-
-
Dividends
20 573
51 870
-
-
withholding
6 172
15 561
-
-
total
6 172
15 561
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 673
30 191
31 666
31 088
After tax
35 827
36 309
34 834
35 412
Living cost
21 427
21 427
21 427
21 427
Free-cash
14 400
14 882
13 407
13 985

Estimated living cost  is ₴21427 per week

₴14201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2103
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23905
₴13018
₴16902
₴20250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
17 876
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.

-
-
-
984
trade
-
-
-
7 003
total
-
-
-
29 379
Employee

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

26 101
-
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.

123
-
984
-
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.

2 243
-
17 876
-
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.

3 516
-
3 516
-
total
5 882
-
22 376
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 399
66 500
-
-
chamber of commerce
136
173
-
-
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.

333
549
-
-
trade
6 646
10 939
-
-
income
6 060
9 975
-
-
total
13 175
21 636
-
-
Dividends
27 225
44 863
-
-
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.

363
607
-
-
withholding
6 611
11 020
-
-
total
6 974
11 627
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 031
33 263
22 376
29 379
After tax
40 469
33 237
44 124
37 121
Living cost
20 219
20 219
20 219
20 219
Free-cash
20 250
13 018
23 905
16 902

Estimated living cost  is ₴20219 per week

₴13523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4262
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29163
₴31896
₴29861
₴29762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 328
health
-
-
-
1 696
income
-
-
-
9 921
total
-
-
-
19 945
Employee
39 578
39 578
60 942
-
social contributions
1 923
3 285
4 430
-
income
4 156
3 664
9 620
-
health
394
673
1 036
-
total
6 473
7 622
15 086
-
Employer
39 578
39 578
60 942
-
health
429
733
1 127
-
social contributions
1 923
3 285
4 430
-
total
2 352
4 018
5 557
-
Corporate
40 981
22 905
-
-
income
5 123
2 863
-
-
total
5 123
2 863
-
-
Dividends
35 858
20 042
-
-
withholding
6 096
3 407
-
-
total
6 096
3 407
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 044
17 910
20 643
19 945
After tax
46 456
48 590
45 857
46 555
Living cost
16 694
16 694
16 694
16 694
Free-cash
29 762
31 896
29 163
29 861

Estimated living cost  is ₴16694 per week

₴11412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
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.
₴3698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29036
₴27895
₴36553
₴28093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 655
income
-
-
-
8 130
pensions
-
-
-
6 650
unemployment
-
-
-
997
total
-
-
-
20 432
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.

13 736
5 467
55 649
-
income
1 679
668
6 803
-
pensions
1 374
547
5 565
-
health
962
383
3 895
-
unemployment
206
82
835
-
total
4 221
1 680
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.

13 736
5 467
55 649
-
pensions
2 678
1 066
10 851
-
total
2 678
1 066
10 851
-
Corporate
50 086
59 967
-
-
income
4 508
5 397
-
-
total
4 508
5 397
-
-
Dividends
45 578
54 570
-
-
social contributions
8 825
10 579
-
-
withholding
8 660
10 368
-
-
total
17 485
20 947
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 892
29 090
27 949
20 432
After tax
37 608
37 410
38 551
46 068
Living cost
9 515
9 515
9 515
9 515
Free-cash
28 093
27 895
29 036
36 553

Estimated living cost  is ₴9515 per week

₴6493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴190
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2053
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25897
₴40768
₴23213
₴37572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 645
income
-
-
-
8 911
pensions
-
-
-
13 299
total
-
-
-
30 855
Employee
14 601
-
49 701
-
income
1 644
-
9 583
-
pensions
292
-
994
-
unemployment
233
-
795
-
total
2 169
-
11 372
-
Employer
14 601
-
49 701
-
unemployment
117
-
398
-
health
1 898
-
6 461
-
pensions
2 920
-
9 940
-
total
4 935
-
16 799
-
Corporate
46 963
66 500
-
-
income
9 392
13 300
-
-
total
9 392
13 300
-
-
Dividends
37 571
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
16 496
13 300
28 171
30 855
After tax
50 004
53 200
38 329
35 645
Living cost
12 432
12 432
12 432
12 432
Free-cash
37 572
40 768
25 897
23 213

Estimated living cost  is ₴12432 per week

₴8527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23846
-₴6017
₴34145
₴3638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
17 341
pensions
-
-
-
2 157
total
-
-
-
20 951
Employee
17 939
-
58 384
-
income
2 461
-
12 494
-
pensions
2 020
-
3 955
-
health
2 054
-
6 685
-
total
6 535
-
23 134
-
Employer
17 939
-
58 384
-
unemployment
439
-
1 430
-
accident
299
-
975
-
pensions
2 917
-
5 711
-
total
3 655
-
8 116
-
Corporate
44 905
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.

40 415
59 850
-
-
total
40 415
59 850
-
-
Dividends
4 490
6 650
-
-
withholding
853
1 263
-
-
total
853
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 458
61 113
31 250
20 951
After tax
15 042
5 387
35 250
45 549
Living cost
11 404
11 404
11 404
11 404
Free-cash
3 638
-6 017
23 846
34 145

Estimated living cost  is ₴11404 per week

₴8358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48935
₴58910
₴61570
₴58111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 331
-
66 500
-
income
1 066
-
13 300
-
total
1 066
-
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%.

61 169
66 500
-
-
total
-
-
-
-
Dividends
61 169
66 500
-
-
withholding
3 058
3 325
-
-
total
3 058
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 124
3 325
13 300
665
After tax
62 376
63 175
53 200
65 835
Living cost
4 265
4 265
4 265
4 265
Free-cash
58 111
58 910
48 935
61 570

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24557
₴35143
₴21804
₴31667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 159
health
-
-
-
2 926
income
-
-
-
8 936
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.

-
-
-
15 960
total
-
-
-
30 981
Employee
18 688
-
53 116
-
income
3 217
-
9 853
-
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.

1 308
-
3 717
-
health
262
-
743
-
unemployment
187
-
531
-
total
4 974
-
14 844
-
Employer
18 688
-
53 116
-
other
935
-
2 656
-
unemployment
187
-
531
-
health
262
-
743
-
accident
149
-
425
-
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.

3 177
-
9 029
-
total
4 710
-
13 384
-
Corporate
43 102
66 500
-
-
income
9 051
13 965
-
-
total
9 051
13 965
-
-
Dividends
34 051
52 535
-
-
withholding
2 383
3 677
-
-
total
2 383
3 677
-
-
Income
66 500
66 500
66 500
66 500
Total tax
21 118
17 642
28 228
30 981
After tax
45 382
48 858
38 272
35 519
Living cost
13 715
13 715
13 715
13 715
Free-cash
31 667
35 143
24 557
21 804

Estimated living cost  is ₴13715 per week

₴9690
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5448
₴11810
₴11600
₴8497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 477
pensions
-
-
-
4 136
total
-
-
-
20 613
Employee
48 511
-
58 312
-
income
8 745
-
12 377
-
health
799
-
938
-
pensions
4 680
-
5 262
-
total
14 224
-
18 577
-
Employer
48 511
-
58 312
-
health
921
-
1 108
-
pensions
5 728
-
7 080
-
total
6 649
-
8 188
-
Corporate
11 340
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.

2 154
12 635
-
-
total
2 154
12 635
-
-
Dividends
9 186
53 865
-
-
withholding
689
7 768
-
-
total
689
7 768
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 716
20 403
26 765
20 613
After tax
42 784
46 097
39 735
45 887
Living cost
34 287
34 287
34 287
34 287
Free-cash
8 497
11 810
5 448
11 600

Estimated living cost  is ₴34287 per week

₴25692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴47452
₴50178
₴45096
₴47813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 046
income
-
-
-
9 975
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
14 725
Employee
8 843
-
63 009
-
income
884
-
6 301
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

776
-
1 562
-
health
407
-
818
-
total
2 164
-
8 877
-
Employer
8 843
-
63 009
-
unemployment
53
-
107
-
health
610
-
1 228
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

975
-
1 961
-
total
1 735
-
3 492
-
Corporate
55 921
66 500
-
-
income
5 592
6 650
-
-
total
5 592
6 650
-
-
Dividends
50 329
59 850
-
-
withholding
2 517
2 993
-
-
total
2 517
2 993
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 008
9 643
12 369
14 725
After tax
54 492
56 857
54 131
51 775
Living cost
6 679
6 679
6 679
6 679
Free-cash
47 813
50 178
47 452
45 096

Estimated living cost  is ₴6679 per week

₴3899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8823
₴4024
₴9797
₴5318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 347
income
-
-
-
15 785
pensions
-
-
-
6 030
total
-
-
-
28 162
Employee
47 719
43 953
56 935
-
income

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

7 194
7 194
7 194
-
pensions
6 030
6 030
6 030
-
health
5 953
5 738
6 347
-
total
19 177
18 962
19 571
-
Employer
47 719
43 953
56 935
-
unemployment
1 718
1 582
1 966
-
health
3 316
3 055
3 797
-
pensions
3 321
3 059
3 802
-
total
8 355
7 696
9 565
-
Corporate
10 426
14 850
-
-
income
2 085
2 970
-
-
total
2 085
2 970
-
-
Dividends
8 341
11 880
-
-
income
1 773
2 525
-
-
withholding
1 251
1 782
-
-
total
3 024
4 307
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 641
33 935
29 136
28 162
After tax
33 859
32 565
37 364
38 338
Living cost
28 541
28 541
28 541
28 541
Free-cash
5 318
4 024
8 823
9 797

Estimated living cost  is ₴28541 per week

₴21053
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2549
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21032
₴33071
₴20629
₴28535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 295
health
-
-
-
8 978
income
-
-
-
5 884
solidarity contribution
-
-
-
-
total
-
-
-
33 157
Employee
18 697
-
49 627
-
social contributions
1 215
-
3 226
-
solidarity contribution
-
-
-
-
income
2 244
-
5 955
-
health
2 524
-
6 700
-
total
5 983
-
15 881
-
Employer
18 697
-
49 627
-
health
1 683
-
4 466
-
social contributions
4 674
-
12 407
-
total
6 357
-
16 873
-
Corporate
41 446
66 500
-
-
income
7 875
12 635
-
-
total
7 875
12 635
-
-
Dividends
33 571
53 865
-
-
withholding
5 036
8 080
-
-
total
5 036
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 251
20 715
32 754
33 157
After tax
41 249
45 785
33 746
33 343
Living cost
12 714
12 714
12 714
12 714
Free-cash
28 535
33 071
21 032
20 629

Estimated living cost  is ₴12714 per week

₴8831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8181
₴13763
₴11346
₴11075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 176
regional
-
-
-
760
municipal
-
-
-
396
total
-
-
-
33 436
Employee
45 743
-
66 500
-
social contributions
15 425
-
22 424
-
municipal
242
-
353
-
national
7 926
-
13 155
-
regional
432
-
669
-
total
24 025
-
36 601
-
Employer
45 743
-
66 500
-
total
-
-
-
-
Corporate
20 757
66 500
-
-
nationa
4 981
15 960
-
-
municipal
810
2 593
-
-
total
5 791
18 553
-
-
Dividends
14 966
47 947
-
-
withholding
3 891
12 466
-
-
total
3 891
12 466
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 707
31 019
36 601
33 436
After tax
32 793
35 481
29 899
33 064
Living cost
21 718
21 718
21 718
21 718
Free-cash
11 075
13 763
8 181
11 346

Estimated living cost  is ₴21718 per week

₴15139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19375
₴30471
₴20476
₴28867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 722
income
-
-
-
14 535
pensions
-
-
-
13 300
surtax
-
-
-
1 992
unemployment
-
-
-
117
total
-
-
-
34 666
Employee
17 021
-
54 935
-
surtax
56
-
1 819
-
income
2 853
-
13 494
-
other
-
-
-
-
pensions
1 135
-
3 664
-
health
435
-
1 401
-
unemployment
1 185
-
3 824
-
total
5 664
-
24 202
-
Employer
17 021
-
54 935
-
other
-
-
-
-
unemployment
539
-
1 742
-
health
775
-
2 500
-
pensions
2 269
-
7 323
-
total
3 583
-
11 565
-
Corporate
45 897
66 500
-
-
income
11 933
17 290
-
-
total
11 933
17 290
-
-
Dividends
33 964
49 210
-
-
withholding
5 095
7 381
-
-
total
5 095
7 381
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 275
24 671
35 767
34 666
After tax
40 225
41 829
30 733
31 834
Living cost
11 358
11 358
11 358
11 358
Free-cash
28 867
30 471
19 375
20 476

Estimated living cost  is ₴11358 per week

₴6945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1048
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.
₴3103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16311
₴22673
₴22463
₴22368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 477
pensions
-
-
-
4 136
total
-
-
-
20 613
Employee
32 510
-
58 312
-
income
5 855
-
12 377
-
health
472
-
938
-
pensions
2 759
-
5 262
-
total
9 086
-
18 577
-
Employer
32 510
-
58 312
-
health
618
-
1 108
-
pensions
3 519
-
7 080
-
total
4 137
-
8 188
-
Corporate
29 853
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.

5 672
12 635
-
-
total
5 672
12 635
-
-
Dividends
24 180
53 865
-
-
withholding
1 813
7 768
-
-
total
1 813
7 768
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 708
20 403
26 765
20 613
After tax
45 792
46 097
39 735
45 887
Living cost
23 424
23 424
23 424
23 424
Free-cash
22 368
22 673
16 311
22 463

Estimated living cost  is ₴23424 per week

₴17549
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1756
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.
₴3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10131
-₴11122
₴13434
₴6647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
149
pensions
-
-
-
6 118
city
-
-
-
701
national
-
-
-
622
regional
-
-
-
2 615
total
-
-
-
11 535
Employee
48 602
-
59 520
-
national
230
-
485
-
city
522
-
639
-
pensions
4 083
-
5 001
-
health
110
-
134
-
regional
1 591
-
2 254
-
unemployment
-
-
-
-
total
6 536
-
8 513
-
Employer
48 602
-
59 520
-
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.

972
-
1 190
-
unemployment
-
-
-
-
health
110
-
134
-
pensions
4 083
-
5 001
-
total
5 165
-
6 325
-
Corporate
12 199
66 500
-
-
regional
2 580
14 065
-
-
national
1 037
5 652
-
-
total
3 617
19 717
-
-
Dividends
8 582
46 783
-
-
withholding
3 004
16 374
-
-
total
3 004
16 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
18 322
36 091
14 838
11 535
After tax
48 178
30 409
51 662
54 965
Living cost
41 531
41 531
41 531
41 531
Free-cash
6 647
-11 122
10 131
13 434

Estimated living cost  is ₴41531 per week

₴27007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴510
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20546
₴9318
₴13245
₴17666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
17 876
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.

-
-
-
984
trade
-
-
-
7 301
total
-
-
-
29 677
Employee

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

30 932
-
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.

200
-
984
-
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.

3 637
-
17 876
-
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.

3 516
-
3 516
-
total
7 353
-
22 376
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 568
66 500
-
-
chamber of commerce
128
172
-
-
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.

293
549
-
-
trade
6 100
11 404
-
-
income
5 335
9 975
-
-
total
11 856
22 100
-
-
Dividends
23 712
44 399
-
-
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.

315
600
-
-
withholding
5 732
10 904
-
-
total
6 047
11 504
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 256
33 604
22 376
29 677
After tax
41 244
32 896
44 124
36 823
Living cost
23 578
23 578
23 578
23 578
Free-cash
17 666
9 318
20 546
13 245

Estimated living cost  is ₴23578 per week

₴17221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21641
₴15906
₴20257
₴18948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 062
social contributions
-
-
-
1 894
health
-
-
-
2 058
income
-
-
-
8 459
pensions
-
-
-
14 161
surtax
-
-
-
-
total
-
-
-
28 634
Employee
22 028
-
52 871
-
surtax
-
-
-
-
social contributions
628
-
1 506
-
income
1 300
-
9 024
-
pensions
2 491
-
3 091
-
total
4 419
-
13 621
-
Employer
22 028
-
52 871
-
other
760
-
1 824
-
unemployment
892
-
2 141
-
health
1 542
-
4 199
-
pensions
3 619
-
5 307
-
social contributions
66
-
158
-
total
6 879
-
13 629
-
Corporate
37 593
66 500
-
-
surtax
-
-
-
-
income
10 526
18 620
-
-
total
10 526
18 620
-
-
Dividends
27 066
47 880
-
-
social contributions
4 655
8 236
-
-
surtax
-
-
-
-
withholding
3 464
6 129
-
-
total
8 119
14 365
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 943
32 985
27 250
28 634
After tax
36 557
33 515
39 250
37 866
Living cost
17 609
17 609
17 609
17 609
Free-cash
18 948
15 906
21 641
20 257

Estimated living cost  is ₴17609 per week

₴11103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23385
₴17650
₴22001
₴20509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 062
social contributions
-
-
-
1 894
health
-
-
-
2 058
income
-
-
-
8 459
pensions
-
-
-
14 161
surtax
-
-
-
-
total
-
-
-
28 634
Employee
19 663
-
52 871
-
surtax
-
-
-
-
social contributions
561
-
1 506
-
income
1 014
-
9 024
-
pensions
2 224
-
3 091
-
total
3 799
-
13 621
-
Employer
19 663
-
52 871
-
other
679
-
1 824
-
unemployment
796
-
2 141
-
health
1 376
-
4 199
-
pensions
3 231
-
5 307
-
social contributions
59
-
158
-
total
6 141
-
13 629
-
Corporate
40 696
66 500
-
-
surtax
-
-
-
-
income
11 395
18 620
-
-
total
11 395
18 620
-
-
Dividends
29 301
47 880
-
-
social contributions
5 040
8 236
-
-
surtax
-
-
-
-
withholding
3 751
6 129
-
-
total
8 791
14 365
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 126
32 985
27 250
28 634
After tax
36 374
33 515
39 250
37 866
Living cost
15 865
15 865
15 865
15 865
Free-cash
20 509
17 650
23 385
22 001

Estimated living cost  is ₴15865 per week

₴9201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31131
₴29657
₴31793
₴29923
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 177
health
-
-
-
4 641
income
-
-
-
9 975
total
-
-
-
23 793
Employee
17 451
-
66 500
-
social contributions
2 409
-
9 177
-
income
2 911
-
10 637
-
health
1 218
-
4 641
-
total
6 538
-
24 455
-
Employer
17 451
-
66 500
-
total
-
-
-
-
Corporate
49 049
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%.

2 453
3 325
-
-
total
2 453
3 325
-
-
Dividends
46 596
63 175
-
-
social contributions
6 430
8 718
-
-
withholding
6 989
9 476
-
-
health
3 253
4 410
-
-
total
16 672
22 604
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 663
25 929
24 455
23 793
After tax
40 837
40 571
42 045
42 707
Living cost
10 914
10 914
10 914
10 914
Free-cash
29 923
29 657
31 131
31 793

Estimated living cost  is ₴10914 per week

₴7304
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴673
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴104
₴18888
₴15269
₴18091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 599
income
-
-
-
13 847
chamber of commerce
-
-
-
266
pensions
-
-
-
11 124
surtax
-
-
-
102
unemployment
-
-
-
3 157
total
-
-
-
33 095
Employee
25 722
20 511
51 559
-
income
2 928
1 513
11 579
-
other
257
205
516
-
pensions
2 634
2 100
5 279
-
health
995
794
1 995
-
unemployment
772
615
1 547
-
total
7 586
5 227
20 916
-
Employer
25 722
20 511
51 559
-
other
1 222
974
2 450
-
unemployment
772
615
1 547
-
health
972
776
1 949
-
surtax
102
102
102
-
accident
334
267
670
-
pensions
3 228
2 575
6 471
-
payroll
772
615
1 547
-
chamber of commerce
103
82
206
-
total
7 505
6 006
14 942
-
Corporate
33 275
39 984
49 605
-
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.

8 319
9 996
12 402
-
total
8 319
9 996
12 402
-
Dividends
24 956
29 988
-
-
withholding
6 863
8 247
-
-
total
6 863
8 247
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 273
29 476
48 260
33 095
After tax
36 227
37 024
18 240
33 405
Living cost
18 136
18 136
18 136
18 136
Free-cash
18 091
18 888
104
15 269

Estimated living cost  is ₴18136 per week

₴12096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1547
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.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5996
₴18475
₴10915
₴10755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 546
communal

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

-
-
-
3 357
national
-
-
-
22 916
total
-
-
-
36 819
Employee

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

36 816
-
51 507
-
national
11 319
-
17 327
-
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.

2 761
-
3 863
-
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.

1 730
-
2 420
-
communal

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

1 920
-
2 687
-
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.

320
-
448
-
total
18 050
-
26 745
-
Employer

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

36 816
-
51 507
-
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.

537
-
752
-
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.

2 264
-
3 168
-
surtax
4 175
-
5 841
-
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.

479
-
669
-
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.

3 262
-
4 563
-
total
10 717
-
14 993
-
Corporate
18 967
66 500
-
-
surtax
76
266
-
-
income
3 794
13 300
-
-
total
3 870
13 566
-
-
Dividends
15 097
52 934
-
-
withholding

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

4 342
15 693
-
-
total
4 342
15 693
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 979
29 259
41 738
36 819
After tax
29 521
37 241
24 762
29 681
Living cost
18 766
18 766
18 766
18 766
Free-cash
10 755
18 475
5 996
10 915

Estimated living cost  is ₴18766 per week

₴12088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16015
₴26031
₴18488
₴22084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
15 112
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
29 424
Employee
25 620
-
51 291
-
income
5 406
-
13 658
-
other
25
-
48
-
pensions
1 204
-
2 243
-
unemployment
398
-
739
-
total
7 033
-
16 688
-
Employer
25 620
-
51 291
-
other
204
-
382
-
unemployment
1 409
-
2 624
-
accident
507
-
944
-
pensions
6 046
-
11 259
-
total
8 166
-
15 209
-
Corporate
32 713
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.

4 907
9 975
-
-
total
4 907
9 975
-
-
Dividends
27 806
56 525
-
-
withholding
5 722
11 906
-
-
total
5 722
11 906
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 828
21 881
31 897
29 424
After tax
40 672
44 619
34 603
37 076
Living cost
18 588
18 588
18 588
18 588
Free-cash
22 084
26 031
16 015
18 488

Estimated living cost  is ₴18588 per week

₴13688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10265
₴12074
₴7612
₴6929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 673
accident
-
-
-
561
income
-
-
-
8 216
pensions
-
-
-
9 968
communal
-
-
-
4 203
surtax
-
-
-
3 296
total
-
-
-
30 917
Employee
38 977
-
59 402
-
surtax
2 389
-
3 640
-
income
3 765
-
10 131
-
pensions
3 118
-
4 752
-
health
1 735
-
2 643
-
total
11 007
-
21 166
-
Employer
38 977
-
59 402
-
health
1 189
-
1 812
-
accident
351
-
534
-
pensions
3 118
-
4 752
-
total
4 658
-
7 098
-
Corporate
22 865
66 500
-
-
surtax
240
698
-
-
income
3 430
9 975
-
-
communal
1 543
4 489
-
-
total
5 213
15 162
-
-
Dividends
17 652
51 337
-
-
income
8 074
3 592
-
-
withholding
2 648
7 701
-
-
total
10 722
11 293
-
-
Income
66 500
66 500
66 500
66 500
Total tax
31 600
26 455
28 264
30 917
After tax
34 900
40 045
38 236
35 583
Living cost
27 971
27 971
27 971
27 971
Free-cash
6 929
12 074
10 265
7 612

Estimated living cost  is ₴27971 per week

₴20982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19172
₴30268
₴20273
₴28630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 722
income
-
-
-
14 535
pensions
-
-
-
13 300
surtax
-
-
-
1 992
unemployment
-
-
-
117
total
-
-
-
34 666
Employee
17 333
-
54 935
-
surtax
62
-
1 819
-
income
2 906
-
13 494
-
other
-
-
-
-
pensions
1 156
-
3 664
-
health
442
-
1 401
-
unemployment
1 206
-
3 824
-
total
5 772
-
24 202
-
Employer
17 333
-
54 935
-
other
-
-
-
-
unemployment
550
-
1 742
-
health
788
-
2 500
-
pensions
2 311
-
7 323
-
total
3 649
-
11 565
-
Corporate
45 518
66 500
-
-
income
11 835
17 290
-
-
total
11 835
17 290
-
-
Dividends
33 683
49 210
-
-
withholding
5 053
7 381
-
-
total
5 053
7 381
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 309
24 671
35 767
34 666
After tax
40 191
41 829
30 733
31 834
Living cost
11 561
11 561
11 561
11 561
Free-cash
28 630
30 268
19 172
20 273

Estimated living cost  is ₴11561 per week

₴6980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15808
₴21089
₴18956
₴19947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 176
regional
-
-
-
1 003
municipal
-
-
-
396
total
-
-
-
33 679
Employee
28 551
-
66 500
-
social contributions
9 628
-
22 424
-
municipal
151
-
353
-
national
4 523
-
13 155
-
regional
384
-
895
-
total
14 686
-
36 827
-
Employer
28 551
-
66 500
-
total
-
-
-
-
Corporate
37 949
66 500
-
-
nationa
9 108
15 960
-
-
municipal
1 886
3 305
-
-
total
10 994
19 265
-
-
Dividends
26 955
47 235
-
-
withholding
7 008
12 281
-
-
total
7 008
12 281
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 688
31 546
36 827
33 679
After tax
33 812
34 954
29 673
32 821
Living cost
13 865
13 865
13 865
13 865
Free-cash
19 947
21 089
15 808
18 956

Estimated living cost  is ₴13865 per week

₴8623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
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.
₴3600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18079
₴30118
₴17676
₴24528
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 295
health
-
-
-
8 978
income
-
-
-
5 884
solidarity contribution
-
-
-
-
total
-
-
-
33 157
Employee
23 040
-
49 627
-
social contributions
1 498
-
3 226
-
solidarity contribution
-
-
-
-
income
2 765
-
5 955
-
health
3 110
-
6 700
-
total
7 373
-
15 881
-
Employer
23 040
-
49 627
-
health
2 074
-
4 466
-
social contributions
5 760
-
12 407
-
total
7 834
-
16 873
-
Corporate
35 627
66 500
-
-
income
6 769
12 635
-
-
total
6 769
12 635
-
-
Dividends
28 858
53 865
-
-
withholding
4 329
8 080
-
-
total
4 329
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 305
20 715
32 754
33 157
After tax
40 195
45 785
33 746
33 343
Living cost
15 667
15 667
15 667
15 667
Free-cash
24 528
30 118
18 079
17 676

Estimated living cost  is ₴15667 per week

₴11651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1837
₴20659
₴17086
₴20403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 599
income
-
-
-
13 847
chamber of commerce
-
-
-
266
pensions
-
-
-
11 124
surtax
-
-
-
-
unemployment
-
-
-
3 157
total
-
-
-
32 993
Employee
22 499
20 511
51 640
-
income
2 004
1 513
11 607
-
other
225
205
517
-
pensions
2 304
2 100
5 288
-
health
870
794
1 998
-
unemployment
675
615
1 549
-
total
6 078
5 227
20 959
-
Employer
22 499
20 511
51 640
-
other
1 069
974
2 453
-
unemployment
675
615
1 549
-
health
851
776
1 952
-
surtax
-
-
-
-
accident
292
267
671
-
pensions
2 824
2 575
6 481
-
payroll
675
615
1 549
-
chamber of commerce
90
82
206
-
total
6 476
5 904
14 861
-
Corporate
37 526
40 085
49 687
-
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.

9 382
10 021
12 422
-
total
9 382
10 021
12 422
-
Dividends
28 145
30 064
-
-
withholding
7 740
8 268
-
-
total
7 740
8 268
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 676
29 420
48 242
32 993
After tax
36 824
37 080
18 258
33 507
Living cost
16 421
16 421
16 421
16 421
Free-cash
20 403
20 659
1 837
17 086

Estimated living cost  is ₴16421 per week

₴9850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1677
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46554
₴56529
₴59189
₴55282
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 308
-
66 500
-
income
1 662
-
13 300
-
total
1 662
-
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%.

58 192
66 500
-
-
total
-
-
-
-
Dividends
58 192
66 500
-
-
withholding
2 910
3 325
-
-
total
2 910
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 572
3 325
13 300
665
After tax
61 928
63 175
53 200
65 835
Living cost
6 646
6 646
6 646
6 646
Free-cash
55 282
56 529
46 554
59 189

Estimated living cost  is ₴6646 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18036
₴31980
₴19900
₴27675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 543
income
-
-
-
14 007
pensions
-
-
-
12 145
unemployment
-
-
-
100
total
-
-
-
32 795
Employee

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

22 760
-
57 540
-
income
3 925
-
12 983
-
pensions
3 528
-
8 919
-
health
1 470
-
3 717
-
unemployment
32
-
80
-
total
8 955
-
25 699
-
Employer

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

22 760
-
57 540
-
unemployment
14
-
34
-
health
1 516
-
3 833
-
pensions
2 014
-
5 093
-
total
3 544
-
8 960
-
Corporate
40 196
66 500
-
-
income
7 637
12 635
-
-
total
7 637
12 635
-
-
Dividends
32 559
53 865
-
-
withholding
4 884
8 080
-
-
total
4 884
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 020
20 715
34 659
32 795
After tax
41 480
45 785
31 841
33 705
Living cost
13 805
13 805
13 805
13 805
Free-cash
27 675
31 980
18 036
19 900

Estimated living cost  is ₴13805 per week

₴9474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36172
₴17217
₴22715
-₴13815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 581
income
-
-
-
12 962
total
-
-
-
20 543
Employee
33 325
-
-
-
social contributions
2 733
-
389
-
income
7 351
-
-
-
total
10 084
-
389
-
Employer
33 325
-
-
-
social contributions
46 989
-
6 697
-
total
46 989
-
6 697
-
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
57 073
26 041
7 086
20 543
After tax
9 427
40 459
59 414
45 957
Living cost
23 242
23 242
23 242
23 242
Free-cash
-13 815
17 217
36 172
22 715

Estimated living cost  is ₴23242 per week

₴15080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15979
₴21681
₴20282
₴21163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
23 108
income
-
-
-
6 966
surtax
-
-
-
-
total
-
-
-
30 074
Employee
23 672
-
53 737
-
surtax
-
-
-
-
social contributions
2 604
-
5 911
-
income
4 924
-
15 703
-
total
7 528
-
21 614
-
Employer
23 672
-
53 737
-
social contributions
5 622
-
12 763
-
total
5 622
-
12 763
-
Corporate
37 206
66 500
-
-
surtax
-
-
-
-
income
7 813
13 965
-
-
total
7 813
13 965
-
-
Dividends
29 393
52 535
-
-
withholding
8 230
14 710
-
-
total
8 230
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 193
28 675
34 377
30 074
After tax
37 307
37 825
32 123
36 426
Living cost
16 144
16 144
16 144
16 144
Free-cash
21 163
21 681
15 979
20 282

Estimated living cost  is ₴16144 per week

₴12079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴952
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.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14391
₴8656
₴13007
₴12194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 062
social contributions
-
-
-
1 894
health
-
-
-
2 058
income
-
-
-
8 459
pensions
-
-
-
14 161
surtax
-
-
-
-
total
-
-
-
28 634
Employee
32 236
-
52 871
-
surtax
-
-
-
-
social contributions
918
-
1 506
-
income
2 813
-
9 024
-
pensions
3 646
-
3 091
-
total
7 377
-
13 621
-
Employer
32 236
-
52 871
-
other
1 112
-
1 824
-
unemployment
1 306
-
2 141
-
health
2 256
-
4 199
-
pensions
5 297
-
5 307
-
social contributions
97
-
158
-
total
10 068
-
13 629
-
Corporate
24 195
66 500
-
-
surtax
-
-
-
-
income
6 775
18 620
-
-
total
6 775
18 620
-
-
Dividends
17 421
47 880
-
-
social contributions
2 997
8 236
-
-
surtax
-
-
-
-
withholding
2 230
6 129
-
-
total
5 227
14 365
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 447
32 985
27 250
28 634
After tax
37 053
33 515
39 250
37 866
Living cost
24 859
24 859
24 859
24 859
Free-cash
12 194
8 656
14 391
13 007

Estimated living cost  is ₴24859 per week

₴16824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36104
₴44378
₴34337
₴42649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 062
social contributions
-
-
-
14 629
total
-
-
-
16 691
Employee
16 547
-
57 576
-
income
-
-
2 258
-
social contributions
1 075
-
3 742
-
total
1 075
-
6 000
-
Employer
16 547
-
57 576
-
social contributions
2 565
-
8 924
-
total
2 565
-
8 924
-
Corporate
47 388
66 500
-
-
income
4 739
6 650
-
-
total
4 739
6 650
-
-
Dividends
42 649
59 850
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
8 379
6 650
14 924
16 691
After tax
58 121
59 850
51 576
49 809
Living cost
15 472
15 472
15 472
15 472
Free-cash
42 649
44 378
36 104
34 337

Estimated living cost  is ₴15472 per week

₴10004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴45457
-₴45457
₴15705
-₴45457
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 284
pensions
-
-
-
445
national
-
-
-
7 180
municipal
-
-
-
13 139
total
-
-
-
26 048
Employee
104 453
104 453
104 453
-
labour market
8 344
8 344
8 344
-
municipal
22 243
22 243
22 243
-
national
12 761
12 761
12 761
-
pensions
148
148
148
-
total
43 496
43 496
43 496
-
Employer
104 453
104 453
104 453
-
national
12 783
12 783
12 783
-
labour market
8 356
8 356
8 356
-
pensions
297
297
297
-
municipal
22 278
22 278
22 278
-
total
43 714
43 714
43 714
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
87 210
87 210
87 210
26 048
After tax
-20 710
-20 710
-20 710
40 452
Living cost
24 747
24 747
24 747
24 747
Free-cash
-45 457
-45 457
-45 457
15 705

Estimated living cost  is ₴24747 per week

₴16937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴381
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24014
-₴5849
₴34313
₴3663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
17 341
pensions
-
-
-
2 157
total
-
-
-
20 951
Employee
17 674
-
58 384
-
income
2 425
-
12 494
-
pensions
1 990
-
3 955
-
health
2 024
-
6 685
-
total
6 439
-
23 134
-
Employer
17 674
-
58 384
-
unemployment
433
-
1 430
-
accident
295
-
975
-
pensions
2 874
-
5 711
-
total
3 602
-
8 116
-
Corporate
45 224
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.

40 701
59 850
-
-
total
40 701
59 850
-
-
Dividends
4 522
6 650
-
-
withholding
859
1 263
-
-
total
859
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 601
61 113
31 250
20 951
After tax
14 899
5 387
35 250
45 549
Living cost
11 236
11 236
11 236
11 236
Free-cash
3 663
-5 849
24 014
34 313

Estimated living cost  is ₴11236 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16660
₴23306
₴25778
₴23540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
810
national
-
-
-
8 327
municipal
-
-
-
11 824
total
-
-
-
20 961
Employee
27 079
-
55 943
-
municipal
4 435
-
9 123
-
national
447
-
5 138
-
pensions
1 827
-
3 776
-
health
202
-
647
-
unemployment
406
-
839
-
total
7 317
-
19 523
-
Employer
27 079
-
55 943
-
unemployment
176
-
363
-
health
208
-
431
-
accident
27
-
56
-
pensions
4 698
-
9 706
-
total
5 109
-
10 556
-
Corporate
34 312
66 500
-
-
income
6 863
13 300
-
-
total
6 863
13 300
-
-
Dividends

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

20 587
39 900
-
-
national
204
2 951
-
-
municipal
3 706
7 182
-
-
total
3 910
10 133
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 199
23 433
30 079
20 961
After tax
43 301
43 067
36 421
45 539
Living cost
19 761
19 761
19 761
19 761
Free-cash
23 540
23 306
16 660
25 778

Estimated living cost  is ₴19761 per week

₴12908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1901
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.
₴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

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
₴33940
₴36673
₴34638
₴33874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 328
health
-
-
-
1 696
income
-
-
-
9 921
total
-
-
-
19 945
Employee
39 578
39 578
60 942
-
social contributions
1 496
3 285
4 430
-
income
4 309
3 664
9 620
-
health
307
673
1 036
-
total
6 112
7 622
15 086
-
Employer
39 578
39 578
60 942
-
health
333
733
1 127
-
social contributions
1 496
3 285
4 430
-
total
1 829
4 018
5 557
-
Corporate
46 642
22 905
-
-
income
5 830
2 863
-
-
total
5 830
2 863
-
-
Dividends
40 811
20 042
-
-
withholding
6 938
3 407
-
-
total
6 938
3 407
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 709
17 910
20 643
19 945
After tax
45 791
48 590
45 857
46 555
Living cost
11 917
11 917
11 917
11 917
Free-cash
33 874
36 673
33 940
34 638

Estimated living cost  is ₴11917 per week

₴7142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36288
₴46897
₴46609
₴44276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 863
income
-
-
-
6 567
pensions
-
-
-
3 274
unemployment
-
-
-
15
total
-
-
-
11 719
Employee

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

11 814
-
61 470
-
income
808
-
5 290
-
pensions
1 772
-
7 325
-
health
1 004
-
4 151
-
unemployment
59
-
244
-
total
3 643
-
17 010
-
Employer

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

11 814
-
61 470
-
unemployment
59
-
244
-
health
508
-
2 100
-
pensions
650
-
2 686
-
total
1 217
-
5 030
-
Corporate
53 470
66 500
-
-
income
4 812
5 985
-
-
total
4 812
5 985
-
-
Dividends
48 658
60 515
-
-
withholding
4 380
5 446
-
-
total
4 380
5 446
-
-
Income
66 500
66 500
66 500
66 500
Total tax
14 052
11 431
22 040
11 719
After tax
52 448
55 069
44 460
54 781
Living cost
8 172
8 172
8 172
8 172
Free-cash
44 276
46 897
36 288
46 609

Estimated living cost  is ₴8172 per week

₴5214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴20449
₴30465
₴22922
₴27918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
15 112
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
29 424
Employee
19 031
-
51 291
-
income
3 669
-
13 658
-
other
19
-
48
-
pensions
895
-
2 243
-
unemployment
295
-
739
-
total
4 878
-
16 688
-
Employer
19 031
-
51 291
-
other
152
-
382
-
unemployment
1 047
-
2 624
-
accident
377
-
944
-
pensions
4 491
-
11 259
-
total
6 067
-
15 209
-
Corporate
41 401
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.

6 210
9 975
-
-
total
6 210
9 975
-
-
Dividends
35 191
56 525
-
-
withholding
7 273
11 906
-
-
total
7 273
11 906
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 428
21 881
31 897
29 424
After tax
42 072
44 619
34 603
37 076
Living cost
14 154
14 154
14 154
14 154
Free-cash
27 918
30 465
20 449
22 922

Estimated living cost  is ₴14154 per week

₴9553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41642
₴40542
₴41710
₴40385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
505
income
-
-
-
22 635
pensions
-
-
-
696
total
-
-
-
23 836
Employee
1 454
-
65 717
-
income
281
-
22 598
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
23 120
-
Employer
1 454
-
65 717
-
unemployment
29
-
70
-
health
138
-
331
-
pensions
160
-
383
-
total
327
-
784
-
Corporate
64 719
66 500
-
-
income
14 238
14 630
-
-
total
14 238
14 630
-
-
Dividends
50 481
51 870
-
-
withholding
10 096
10 374
-
-
total
10 096
10 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 161
25 004
23 904
23 836
After tax
41 339
41 496
42 596
42 664
Living cost
954
954
954
954
Free-cash
40 385
40 542
41 642
41 710

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28789
₴39164
₴28792
₴36639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 909
income
-
-
-
14 480
pensions
-
-
-
9 868
unemployment
-
-
-
569
total
-
-
-
28 826
Employee

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

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

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

13 393
-
59 706
-
income
1 846
-
14 480
-
pensions
1 875
-
5 314
-
health
690
-
1 955
-
unemployment
100
-
285
-
total
4 511
-
22 034
-
Employer

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

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

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

13 393
-
59 706
-
unemployment
100
-
285
-
health
690
-
1 955
-
pensions
1 607
-
4 555
-
total
2 397
-
6 795
-
Corporate
50 710
66 500
-
-
income
7 606
9 975
-
-
total
7 606
9 975
-
-
Dividends
43 103
56 525
-
-
withholding
6 465
8 479
-
-
total
6 465
8 479
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 979
18 454
28 829
28 826
After tax
45 521
48 046
37 671
37 674
Living cost
8 882
8 882
8 882
8 882
Free-cash
36 639
39 164
28 789
28 792

Estimated living cost  is ₴8882 per week

₴5980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴687
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.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18247
₴23949
₴22550
₴23763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
23 108
income
-
-
-
6 966
surtax
-
-
-
-
total
-
-
-
30 074
Employee
19 976
-
53 737
-
surtax
-
-
-
-
social contributions
2 198
-
5 911
-
income
3 903
-
15 703
-
total
6 101
-
21 614
-
Employer
19 976
-
53 737
-
social contributions
4 744
-
12 763
-
total
4 744
-
12 763
-
Corporate
41 780
66 500
-
-
surtax
-
-
-
-
income
8 774
13 965
-
-
total
8 774
13 965
-
-
Dividends
33 006
52 535
-
-
withholding
9 242
14 710
-
-
total
9 242
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 861
28 675
34 377
30 074
After tax
37 639
37 825
32 123
36 426
Living cost
13 876
13 876
13 876
13 876
Free-cash
23 763
23 949
18 247
22 550

Estimated living cost  is ₴13876 per week

₴9828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16514
₴26530
₴18987
₴22759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
430
income
-
-
-
15 112
pensions
-
-
-
13 500
unemployment
-
-
-
334
total
-
-
-
29 424
Employee
24 857
-
51 291
-
income
5 192
-
13 658
-
other
24
-
48
-
pensions
1 168
-
2 243
-
unemployment
385
-
739
-
total
6 769
-
16 688
-
Employer
24 857
-
51 291
-
other
199
-
382
-
unemployment
1 367
-
2 624
-
accident
492
-
944
-
pensions
5 866
-
11 259
-
total
7 924
-
15 209
-
Corporate
33 717
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.

5 058
9 975
-
-
total
5 058
9 975
-
-
Dividends
28 660
56 525
-
-
withholding
5 901
11 906
-
-
total
5 901
11 906
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 652
21 881
31 897
29 424
After tax
40 848
44 619
34 603
37 076
Living cost
18 089
18 089
18 089
18 089
Free-cash
22 759
26 530
16 514
18 987

Estimated living cost  is ₴18089 per week

₴12991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45369
₴48095
₴43013
₴44989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 046
income
-
-
-
9 975
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
14 725
Employee
11 603
-
63 009
-
income
1 160
-
6 301
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 019
-
1 562
-
health
534
-
818
-
total
2 841
-
8 877
-
Employer
11 603
-
63 009
-
unemployment
70
-
107
-
health
801
-
1 228
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 279
-
1 961
-
total
2 278
-
3 492
-
Corporate
52 621
66 500
-
-
income
5 262
6 650
-
-
total
5 262
6 650
-
-
Dividends
47 359
59 850
-
-
withholding
2 368
2 993
-
-
total
2 368
2 993
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 749
9 643
12 369
14 725
After tax
53 751
56 857
54 131
51 775
Living cost
8 762
8 762
8 762
8 762
Free-cash
44 989
48 095
45 369
43 013

Estimated living cost  is ₴8762 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
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.
₴2257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24253
₴14392
₴18145
₴21127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 516
income

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

-
-
-
17 876
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.

-
-
-
984
trade
-
-
-
6 108
total
-
-
-
28 484
Employee

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

25 609
-
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.

116
-
984
-
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.

2 106
-
17 876
-
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.

3 516
-
3 516
-
total
5 738
-
22 376
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 891
66 500
-
-
chamber of commerce
138
176
-
-
surtax

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

337
549
-
-
trade
5 868
9 543
-
-
income
6 134
9 975
-
-
total
12 477
20 243
-
-
Dividends
28 414
46 257
-
-
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.

380
625
-
-
withholding
6 907
11 369
-
-
total
7 287
11 994
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 502
32 237
22 376
28 484
After tax
40 998
34 263
44 124
38 016
Living cost
19 871
19 871
19 871
19 871
Free-cash
21 127
14 392
24 253
18 145

Estimated living cost  is ₴19871 per week

₴13707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2138
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.
₴3737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12857
₴17230
₴12857
₴18367
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 093
social contributions
-
-
-
6 231
total
-
-
-
24 324
Employee
40 261
-
66 500
-
income
7 597
-
18 093
-
social contributions
3 345
-
6 231
-
total
10 942
-
24 324
-
Employer
40 261
-
66 500
-
total
-
-
-
-
Corporate
26 239
66 500
-
-
income
3 280
8 313
-
-
total
3 280
8 313
-
-
Dividends
22 959
58 187
-
-
withholding
4 592
11 638
-
-
total
4 592
11 638
-
-
Income
66 500
66 500
66 500
66 500
Total tax
18 814
19 951
24 324
24 324
After tax
47 686
46 549
42 176
42 176
Living cost
29 319
29 319
29 319
29 319
Free-cash
18 367
17 230
12 857
12 857

Estimated living cost  is ₴29319 per week

₴22306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2389
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.
₴4345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30072
₴21822
₴29987
₴23620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 651
health

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

-
-
-
3 178
total
-
-
-
17 829
Employee
23 611
-
64 132
-
income
2 562
-
13 008
-
social contributions
2 366
-
2 368
-
total
4 928
-
15 376
-
Employer
23 611
-
64 132
-
social contributions
2 366
-
2 368
-
total
2 366
-
2 368
-
Corporate
40 523
66 500
-
-
income
14 183
23 275
-
-
total
14 183
23 275
-
-
Dividends
26 340
43 225
-
-
social contributions
2 719
2 719
-
-
total
2 719
2 719
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 196
25 994
17 744
17 829
After tax
42 304
40 506
48 756
48 671
Living cost
18 684
18 684
18 684
18 684
Free-cash
23 620
21 822
30 072
29 987

Estimated living cost  is ₴18684 per week

₴12307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20692
₴27054
₴26844
₴27890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 477
pensions
-
-
-
4 136
total
-
-
-
20 613
Employee
26 139
-
58 312
-
income
4 760
-
12 377
-
health
341
-
938
-
pensions
1 995
-
5 262
-
total
7 096
-
18 577
-
Employer
26 139
-
58 312
-
health
497
-
1 108
-
pensions
2 641
-
7 080
-
total
3 138
-
8 188
-
Corporate
37 224
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.

7 072
12 635
-
-
total
7 072
12 635
-
-
Dividends
30 151
53 865
-
-
withholding
2 261
7 768
-
-
total
2 261
7 768
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 567
20 403
26 765
20 613
After tax
46 933
46 097
39 735
45 887
Living cost
19 043
19 043
19 043
19 043
Free-cash
27 890
27 054
20 692
26 844

Estimated living cost  is ₴19043 per week

₴13063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1751
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴22902
-₴6961
₴33201
₴3493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
192
health
-
-
-
1 130
accident
-
-
-
131
income
-
-
-
17 341
pensions
-
-
-
2 157
total
-
-
-
20 951
Employee
19 424
-
58 384
-
income
2 665
-
12 494
-
pensions
2 187
-
3 955
-
health
2 224
-
6 685
-
total
7 076
-
23 134
-
Employer
19 424
-
58 384
-
unemployment
476
-
1 430
-
accident
324
-
975
-
pensions
3 158
-
5 711
-
total
3 958
-
8 116
-
Corporate
43 118
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.

38 806
59 850
-
-
total
38 806
59 850
-
-
Dividends
4 312
6 650
-
-
withholding
819
1 263
-
-
total
819
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
50 659
61 113
31 250
20 951
After tax
15 841
5 387
35 250
45 549
Living cost
12 348
12 348
12 348
12 348
Free-cash
3 493
-6 961
22 902
33 201

Estimated living cost  is ₴12348 per week

₴9062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37657
₴49018
₴30669
₴46612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 601
health insurance
-
-
-
4 921
work injury
-
-
-
333
pensions
-
-
-
12 236
unemployment
-
-
-
798
total
-
-
-
28 889
Employee

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

11 107
-
66 500
-
income
1 111
-
10 601
-
work injury
56
-
205
-
health insurance
822
-
3 041
-
pensions
2 044
-
7 561
-
unemployment
133
-
493
-
total
4 166
-
21 901
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 393
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%.

554
665
-
-
total
554
665
-
-
Dividends
54 839
65 835
-
-
withholding
8 226
9 875
-
-
total
8 226
9 875
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 946
10 540
21 901
28 889
After tax
53 554
55 960
44 599
37 611
Living cost
6 942
6 942
6 942
6 942
Free-cash
46 612
49 018
37 657
30 669

Estimated living cost  is ₴6942 per week

₴4301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8763
₴14523
₴11806
₴12183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 176
regional
-
-
-
1 466
municipal
-
-
-
444
total
-
-
-
34 190
Employee
43 371
-
66 500
-
social contributions
14 625
-
22 424
-
municipal
259
-
397
-
national
7 329
-
13 155
-
regional
655
-
1 257
-
total
22 868
-
37 233
-
Employer
43 371
-
66 500
-
total
-
-
-
-
Corporate
23 129
66 500
-
-
nationa
5 551
15 960
-
-
municipal
1 114
3 206
-
-
total
6 665
19 166
-
-
Dividends
16 463
47 335
-
-
withholding
4 280
12 307
-
-
total
4 280
12 307
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 813
31 473
37 233
34 190
After tax
32 687
35 027
29 267
32 310
Living cost
20 504
20 504
20 504
20 504
Free-cash
12 183
14 523
8 763
11 806

Estimated living cost  is ₴20504 per week

₴14403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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