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
₴22011
₴18584
₴24056
₴28861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
6 850
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.

-
-
-
3 381
surtax

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

-
-
-
1 004
income

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

-
-
-
18 263
total
-
-
-
29 498
Employee

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

18 930
-
66 500
-
surtax

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

29
-
1 004
-
income

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

529
-
18 263
-
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.

3 381
-
3 381
-
total
3 939
-
22 648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 570
66 500
-
-
trade
7 492
10 474
-
-
income
7 136
9 975
-
-
chamber of commerce
144
171
-
-
surtax

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

393
548
-
-
total
15 165
21 168
-
-
Dividends
32 406
45 332
-
-
withholding
7 914
11 144
-
-
surtax

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

435
613
-
-
total
8 349
11 757
-
-
Income
66 500
66 500
66 500
66 500
Total tax
27 453
32 925
22 648
29 498
After tax
39 047
33 575
43 852
37 002
Living cost
14 991
14 991
14 991
14 991
Free-cash
24 056
18 584
28 861
22 011

Estimated living cost  is ₴14991 per week

₴9429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1748
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.
₴3533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13462
₴15283
₴14848
₴13984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7 111
pensions
-
-
-
7 980
social contributions
-
-
-
715
national
-
-
-
11 019
total
-
-
-
26 825
Employee
40 634
-
57 489
-
municipal
5 019
-
7 368
-
national
7 777
-
11 418
-
pensions
1 625
-
2 300
-
total
14 421
-
21 086
-
Employer
40 634
-
57 489
-
pensions
3 251
-
4 599
-
social contributions
437
-
618
-
total
3 688
-
5 217
-
Corporate
19 496
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%.

3 899
13 300
-
-
total
3 899
13 300
-
-
Dividends
15 597
53 200
-
-
withholding
3 431
11 704
-
-
total
3 431
11 704
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 439
25 004
26 303
26 825
After tax
41 061
41 496
40 197
39 675
Living cost
26 213
26 213
26 213
26 213
Free-cash
14 848
15 283
13 984
13 462

Estimated living cost  is ₴26213 per week

₴17816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9915
₴42904
₴38845
₴26993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
16 957
social contributions

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

-
-
-
18 962
income
-
-
-
10 370
microenterprise
-
-
-
-
total
-
-
-
46 289
Employee
14 462
-
53 590
-
social contributions

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

1 591
-
5 895
-
surtax
-
-
-
-
income
2 574
-
10 406
-
total
4 165
-
16 301
-
Employer
14 462
-
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.

3 483
-
12 910
-
total
3 483
-
12 910
-
Corporate
48 555
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%.

9 711
13 300
-
-
total
9 711
13 300
-
-
Dividends

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

38 844
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
17 359
13 300
29 211
46 289
After tax
49 141
53 200
37 289
20 211
Living cost
10 296
10 296
10 296
10 296
Free-cash
38 845
42 904
26 993
9 915

Estimated living cost  is ₴10296 per week

₴6569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2513
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17419
₴11882
₴8851
₴17749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
16 446
total
-
-
-
28 348
Employee
42 264
42 264
57 302
-
pensions
7 607
5 799
5 799
-
income

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

6 918
6 918
6 918
-
health
6 487
5 518
6 103
-
total
21 012
18 235
18 820
-
Employer
42 264
42 264
57 302
-
pensions
2 942
2 942
3 656
-
unemployment
1 521
1 521
1 891
-
health
2 938
2 938
3 651
-
total
7 401
7 401
9 198
-
Corporate
17 354
16 836
-
-
income
3 471
3 367
-
-
total
3 471
3 367
-
-
Dividends
13 883
13 469
-
-
withholding
2 082
2 020
-
-
income
2 950
2 862
-
-
total
5 032
4 882
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 916
33 885
28 018
28 348
After tax
29 584
32 615
38 482
38 152
Living cost
20 733
20 733
20 733
20 733
Free-cash
8 851
11 882
17 749
17 419

Estimated living cost  is ₴20733 per week

₴14693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14929
₴15926
₴15468
₴14380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
15 971
pensions
-
-
-
4 829
health
-
-
-
2 787
other
-
-
-
5 191
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
2 276
total
-
-
-
31 188
Employee
29 044
-
52 464
-
municipal
8 661
-
15 645
-
national
-
-
2 057
-
total
8 661
-
17 702
-
Employer
29 044
-
52 464
-
pensions
3 140
-
4 829
-
other
3 375
-
5 191
-
unemployment
767
-
1 179
-
accident
58
-
89
-
health
1 786
-
2 747
-
total
9 126
-
14 035
-
Corporate
28 331
66 500
-
-
income
6 233
14 630
-
-
total
6 233
14 630
-
-
Dividends
22 098
51 870
-
-
withholding
6 629
15 561
-
-
total
6 629
15 561
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 649
30 191
31 737
31 188
After tax
35 851
36 309
34 763
35 312
Living cost
20 383
20 383
20 383
20 383
Free-cash
15 468
15 926
14 380
14 929

Estimated living cost  is ₴20383 per week

₴13509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
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.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴17256
₴13789
₴20744
₴24410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 154
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.

-
-
-
3 381
surtax

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

-
-
-
1 004
income

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

-
-
-
18 263
total
-
-
-
29 802
Employee

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

25 098
-
66 500
-
surtax

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

118
-
1 004
-
income

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

2 156
-
18 263
-
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.

3 381
-
3 381
-
total
5 655
-
22 648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 402
66 500
-
-
trade
6 811
10 940
-
-
income
6 210
9 975
-
-
chamber of commerce
134
170
-
-
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.

342
548
-
-
total
13 497
21 633
-
-
Dividends
27 905
44 867
-
-
withholding
6 788
11 029
-
-
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.

374
607
-
-
total
7 162
11 636
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 314
33 269
22 648
29 802
After tax
40 186
33 231
43 852
36 698
Living cost
19 442
19 442
19 442
19 442
Free-cash
20 744
13 789
24 410
17 256

Estimated living cost  is ₴19442 per week

₴13003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2050
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4099
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30434
₴32526
₴30476
₴29767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 696
social contributions
-
-
-
8 008
income
-
-
-
10 309
total
-
-
-
20 013
Employee
38 057
38 057
61 109
-
social contributions
1 849
3 159
4 260
-
income
3 996
3 523
9 990
-
health
378
647
1 039
-
total
6 223
7 329
15 289
-
Employer
38 057
38 057
61 109
-
social contributions
1 849
3 159
4 260
-
health
412
704
1 131
-
total
2 261
3 863
5 391
-
Corporate
41 962
24 581
-
-
income
5 245
3 073
-
-
total
5 245
3 073
-
-
Dividends
36 716
21 508
-
-
withholding
6 242
3 656
-
-
total
6 242
3 656
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 971
17 921
20 680
20 013
After tax
46 529
48 579
45 820
46 487
Living cost
16 053
16 053
16 053
16 053
Free-cash
30 476
32 526
29 767
30 434

Estimated living cost  is ₴16053 per week

₴10974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36989
₴28323
₴28513
₴29473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 650
health
-
-
-
4 655
unemployment
-
-
-
998
income
-
-
-
8 130
total
-
-
-
20 433
Employee

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

The minimum wage is 138,000 HUF per month.

13 104
5 215
55 649
-
pensions
1 310
522
5 565
-
unemployment
197
78
835
-
income
1 602
638
6 803
-
health
917
365
3 895
-
total
4 026
1 603
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.

13 104
5 215
55 649
-
pensions
2 555
1 017
10 851
-
total
2 555
1 017
10 851
-
Corporate
50 840
60 268
-
-
income
4 576
5 424
-
-
total
4 576
5 424
-
-
Dividends
46 265
54 844
-
-
withholding
8 790
10 420
-
-
social contributions
8 962
10 635
-
-
total
17 752
21 055
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 909
29 099
27 949
20 433
After tax
37 591
37 401
38 551
46 067
Living cost
9 078
9 078
9 078
9 078
Free-cash
28 513
28 323
29 473
36 989

Estimated living cost  is ₴9078 per week

₴6195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23690
₴41246
₴38171
₴26376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 300
health
-
-
-
8 645
income
-
-
-
8 911
total
-
-
-
30 856
Employee
14 040
-
49 701
-
pensions
281
-
994
-
unemployment
224
-
795
-
income
1 581
-
9 583
-
total
2 086
-
11 372
-
Employer
14 040
-
49 701
-
pensions
2 808
-
9 940
-
unemployment
113
-
397
-
health
1 825
-
6 461
-
total
4 746
-
16 798
-
Corporate
47 714
66 500
-
-
income
9 543
13 300
-
-
total
9 543
13 300
-
-
Dividends
38 171
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
16 375
13 300
28 170
30 856
After tax
50 125
53 200
38 330
35 644
Living cost
11 954
11 954
11 954
11 954
Free-cash
38 171
41 246
26 376
23 690

Estimated living cost  is ₴11954 per week

₴8199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34487
-₴5665
₴3691
₴24296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
17 462
total
-
-
-
20 961
Employee
17 385
-
58 553
-
pensions
1 958
-
3 833
-
income
2 385
-
12 667
-
health
1 991
-
6 704
-
total
6 334
-
23 204
-
Employer
17 385
-
58 553
-
pensions
2 827
-
5 535
-
unemployment
426
-
1 435
-
accident
290
-
978
-
total
3 543
-
7 948
-
Corporate
45 571
66 500
-
-
income

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

41 014
59 850
-
-
total
41 014
59 850
-
-
Dividends
4 557
6 650
-
-
withholding
866
1 263
-
-
total
866
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 757
61 113
31 152
20 961
After tax
14 743
5 387
35 348
45 539
Living cost
11 052
11 052
11 052
11 052
Free-cash
3 691
-5 665
24 296
34 487

Estimated living cost  is ₴11052 per week

₴8100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61787
₴59127
₴58368
₴49152
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 060
-
66 500
-
income
1 012
-
13 300
-
total
1 012
-
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%.

61 440
66 500
-
-
total
-
-
-
-
Dividends
61 440
66 500
-
-
withholding
3 072
3 325
-
-
total
3 072
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 084
3 325
13 300
665
After tax
62 416
63 175
53 200
65 835
Living cost
4 048
4 048
4 048
4 048
Free-cash
58 368
59 127
49 152
61 787

Estimated living cost  is ₴4048 per week

₴2509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22248
₴35670
₴32327
₴24998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
2 926
other
-
-
-
3 159
income
-
-
-
9 020
total
-
-
-
31 065
Employee
17 970
-
53 115
-
pensions

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

1 258
-
3 718
-
unemployment
179
-
532
-
income
3 094
-
9 936
-
health
252
-
744
-
total
4 783
-
14 930
-
Employer
17 970
-
53 115
-
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.

3 055
-
9 029
-
other
899
-
2 655
-
unemployment
179
-
532
-
accident
144
-
425
-
health
252
-
744
-
total
4 529
-
13 385
-
Corporate
44 001
66 500
-
-
income
9 241
13 965
-
-
total
9 241
13 965
-
-
Dividends
34 761
52 535
-
-
withholding
2 433
3 678
-
-
total
2 433
3 678
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 986
17 643
28 315
31 065
After tax
45 514
48 857
38 185
35 435
Living cost
13 187
13 187
13 187
13 187
Free-cash
32 327
35 670
24 998
22 248

Estimated living cost  is ₴13187 per week

₴9318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12751
₴12839
₴10226
₴6620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 019
income
-
-
-
16 879
total
-
-
-
20 898
Employee
46 479
-
58 276
-
pensions
4 484
-
5 090
-
income
8 378
-
12 792
-
health
766
-
923
-
total
13 628
-
18 805
-
Employer
46 479
-
58 276
-
pensions
5 488
-
7 116
-
health
883
-
1 108
-
total
6 371
-
8 224
-
Corporate
13 651
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.

2 594
12 635
-
-
total
2 594
12 635
-
-
Dividends
11 057
53 865
-
-
withholding
830
8 175
-
-
total
830
8 175
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 423
20 810
27 029
20 898
After tax
43 077
45 690
39 471
45 602
Living cost
32 851
32 851
32 851
32 851
Free-cash
10 226
12 839
6 620
12 751

Estimated living cost  is ₴32851 per week

₴24616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴45420
₴50368
₴48070
₴47805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
9 975
total
-
-
-
14 591
Employee
8 592
-
63 108
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
6 311
-
health
395
-
795
-
total
2 103
-
8 814
-
Employer
8 592
-
63 108
-
pensions

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

947
-
1 905
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
593
-
1 193
-
total
1 686
-
3 392
-
Corporate
56 222
66 500
-
-
income
5 622
6 650
-
-
total
5 622
6 650
-
-
Dividends
50 599
59 850
-
-
withholding
2 530
2 993
-
-
total
2 530
2 993
-
-
Income
66 500
66 500
66 500
66 500
Total tax
11 941
9 643
12 206
14 591
After tax
54 559
56 857
54 294
51 909
Living cost
6 489
6 489
6 489
6 489
Free-cash
48 070
50 368
47 805
45 420

Estimated living cost  is ₴6489 per week

₴3788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴10708
₴5171
₴6416
₴11038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 799
health
-
-
-
6 103
income
-
-
-
16 446
total
-
-
-
28 348
Employee
45 885
42 264
57 302
-
pensions
5 799
5 799
5 799
-
income

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

6 918
6 918
6 918
-
health
5 724
5 518
6 103
-
total
18 441
18 235
18 820
-
Employer
45 885
42 264
57 302
-
pensions
3 193
2 942
3 656
-
unemployment
1 652
1 521
1 891
-
health
3 189
2 938
3 651
-
total
8 034
7 401
9 198
-
Corporate
12 581
16 836
-
-
income
2 516
3 367
-
-
total
2 516
3 367
-
-
Dividends
10 065
13 469
-
-
withholding
1 510
2 020
-
-
income
2 139
2 862
-
-
total
3 649
4 882
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 640
33 885
28 018
28 348
After tax
33 860
32 615
38 482
38 152
Living cost
27 444
27 444
27 444
27 444
Free-cash
6 416
5 171
11 038
10 708

Estimated living cost  is ₴27444 per week

₴20244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2451
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.
₴4434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21549
₴33485
₴29096
₴21446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 978
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
-
income
-
-
-
5 973
total
-
-
-
32 651
Employee
18 089
-
49 627
-
social contributions
1 176
-
3 226
-
income
2 171
-
5 955
-
solidarity contribution
-
-
-
-
health
2 442
-
6 700
-
total
5 789
-
15 881
-
Employer
18 089
-
49 627
-
social contributions
4 522
-
12 407
-
health
1 628
-
4 466
-
total
6 150
-
16 873
-
Corporate
42 261
66 500
-
-
income
8 030
12 635
-
-
total
8 030
12 635
-
-
Dividends
34 232
53 865
-
-
withholding
5 135
8 080
-
-
total
5 135
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 104
20 715
32 754
32 651
After tax
41 396
45 785
33 746
33 849
Living cost
12 300
12 300
12 300
12 300
Free-cash
29 096
33 485
21 446
21 549

Estimated living cost  is ₴12300 per week

₴8544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12040
₴14597
₴12012
₴8876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
395
regional
-
-
-
763
social contributions
-
-
-
17 104
national
-
-
-
15 314
total
-
-
-
33 576
Employee
43 985
-
66 500
-
social contributions
14 832
-
22 424
-
municipal
233
-
352
-
regional
415
-
672
-
national
7 622
-
13 292
-
total
23 102
-
36 740
-
Employer
43 985
-
66 500
-
total
-
-
-
-
Corporate
22 515
66 500
-
-
nationa
5 403
15 960
-
-
municipal
878
2 593
-
-
total
6 281
18 553
-
-
Dividends
16 234
47 947
-
-
withholding
4 221
12 466
-
-
total
4 221
12 466
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 604
31 019
36 740
33 576
After tax
32 896
35 481
29 760
32 924
Living cost
20 884
20 884
20 884
20 884
Free-cash
12 012
14 597
8 876
12 040

Estimated living cost  is ₴20884 per week

₴14557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20633
₴30908
₴29368
₴19475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
2 064
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
14 869
total
-
-
-
34 946
Employee
16 367
-
54 937
-
surtax
54
-
1 881
-
pensions
1 091
-
3 665
-
other
-
-
-
-
unemployment
1 139
-
3 823
-
income
2 743
-
13 771
-
health
418
-
1 401
-
total
5 445
-
24 541
-
Employer
16 367
-
54 937
-
pensions
2 182
-
7 323
-
other
-
-
-
-
unemployment
518
-
1 741
-
health
745
-
2 499
-
total
3 445
-
11 563
-
Corporate
46 689
66 500
-
-
income
12 139
17 290
-
-
total
12 139
17 290
-
-
Dividends
34 549
49 210
-
-
withholding
5 182
7 381
-
-
total
5 182
7 381
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 211
24 671
36 104
34 946
After tax
40 289
41 829
30 396
31 554
Living cost
10 921
10 921
10 921
10 921
Free-cash
29 368
30 908
19 475
20 633

Estimated living cost  is ₴10921 per week

₴6678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23159
₴23247
₴23516
₴17028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 019
income
-
-
-
16 879
total
-
-
-
20 898
Employee
31 149
-
58 276
-
pensions
2 644
-
5 090
-
income
5 610
-
12 792
-
health
452
-
923
-
total
8 706
-
18 805
-
Employer
31 149
-
58 276
-
pensions
3 372
-
7 116
-
health
592
-
1 108
-
total
3 964
-
8 224
-
Corporate
31 388
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.

5 964
12 635
-
-
total
5 964
12 635
-
-
Dividends
25 424
53 865
-
-
withholding
1 907
8 175
-
-
total
1 907
8 175
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 541
20 810
27 029
20 898
After tax
45 959
45 690
39 471
45 602
Living cost
22 443
22 443
22 443
22 443
Free-cash
23 516
23 247
17 028
23 159

Estimated living cost  is ₴22443 per week

₴16814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15058
-₴9371
₴7650
₴11781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
2 695
city
-
-
-
701
pensions
-
-
-
6 118
health
-
-
-
149
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
national
-
-
-
669
total
-
-
-
11 662
Employee
46 553
-
59 521
-
regional
1 524
-
2 317
-
national
220
-
524
-
pensions
3 911
-
5 000
-
unemployment
-
-
-
-
city
500
-
640
-
health
105
-
134
-
total
6 260
-
8 615
-
Employer
46 553
-
59 521
-
pensions
3 911
-
5 000
-
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.

931
-
1 190
-
unemployment
-
-
-
-
health
105
-
134
-
total
4 947
-
6 324
-
Corporate
14 488
66 500
-
-
regional
3 064
14 065
-
-
national
1 231
5 652
-
-
total
4 295
19 717
-
-
Dividends
10 193
46 783
-
-
withholding
3 568
16 374
-
-
total
3 568
16 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 070
36 091
14 939
11 662
After tax
47 430
30 409
51 561
54 838
Living cost
39 780
39 780
39 780
39 780
Free-cash
7 650
-9 371
11 781
15 058

Estimated living cost  is ₴39780 per week

₴25868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13722
₴10219
₴18243
₴21180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 458
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.

-
-
-
3 381
surtax

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

-
-
-
1 004
income

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

-
-
-
18 263
total
-
-
-
30 106
Employee

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

29 743
-
66 500
-
surtax

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

193
-
1 004
-
income

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

3 498
-
18 263
-
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.

3 381
-
3 381
-
total
7 072
-
22 648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 757
66 500
-
-
trade
6 304
11 405
-
-
income
5 513
9 975
-
-
chamber of commerce
127
169
-
-
surtax

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

303
548
-
-
total
12 247
22 097
-
-
Dividends
24 510
44 403
-
-
withholding
5 939
10 912
-
-
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.

327
600
-
-
total
6 266
11 512
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 585
33 609
22 648
30 106
After tax
40 915
32 891
43 852
36 394
Living cost
22 672
22 672
22 672
22 672
Free-cash
18 243
10 219
21 180
13 722

Estimated living cost  is ₴22672 per week

₴16559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20876
₴16584
₴19506
₴21929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 828
health
-
-
-
2 167
surtax
-
-
-
-
other
-
-
-
2 062
social contributions
-
-
-
1 895
income
-
-
-
8 739
total
-
-
-
28 691
Employee
21 182
-
52 683
-
social contributions
604
-
1 502
-
surtax
-
-
-
-
pensions
2 395
-
3 158
-
income
1 250
-
9 162
-
total
4 249
-
13 822
-
Employer
21 182
-
52 683
-
pensions
3 480
-
5 407
-
social contributions
64
-
158
-
other
731
-
1 840
-
unemployment
857
-
2 134
-
health
1 483
-
4 277
-
total
6 615
-
13 816
-
Corporate
38 704
66 500
-
-
income
10 837
18 620
-
-
surtax
-
-
-
-
total
10 837
18 620
-
-
Dividends
27 866
47 880
-
-
withholding
3 567
6 128
-
-
surtax
-
-
-
-
social contributions
4 793
8 235
-
-
total
8 360
14 363
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 061
32 983
27 638
28 691
After tax
36 439
33 517
38 862
37 809
Living cost
16 933
16 933
16 933
16 933
Free-cash
19 506
16 584
21 929
20 876

Estimated living cost  is ₴16933 per week

₴10677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22554
₴18262
₴21011
₴23607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 828
health
-
-
-
2 167
surtax
-
-
-
-
other
-
-
-
2 062
social contributions
-
-
-
1 895
income
-
-
-
8 739
total
-
-
-
28 691
Employee
18 908
-
52 683
-
social contributions
539
-
1 502
-
surtax
-
-
-
-
pensions
2 139
-
3 158
-
income
975
-
9 162
-
total
3 653
-
13 822
-
Employer
18 908
-
52 683
-
pensions
3 107
-
5 407
-
social contributions
56
-
158
-
other
653
-
1 840
-
unemployment
765
-
2 134
-
health
1 323
-
4 277
-
total
5 904
-
13 816
-
Corporate
41 688
66 500
-
-
income
11 672
18 620
-
-
surtax
-
-
-
-
total
11 672
18 620
-
-
Dividends
30 015
47 880
-
-
withholding
3 842
6 128
-
-
surtax
-
-
-
-
social contributions
5 163
8 235
-
-
total
9 005
14 363
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 234
32 983
27 638
28 691
After tax
36 266
33 517
38 862
37 809
Living cost
15 255
15 255
15 255
15 255
Free-cash
21 011
18 262
23 607
22 554

Estimated living cost  is ₴15255 per week

₴8847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32212
₴30076
₴30334
₴31448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 641
social contributions
-
-
-
9 177
income
-
-
-
9 975
total
-
-
-
23 793
Employee
16 781
-
66 500
-
social contributions
2 316
-
9 177
-
income
2 799
-
10 739
-
health
1 171
-
4 641
-
total
6 286
-
24 557
-
Employer
16 781
-
66 500
-
total
-
-
-
-
Corporate
49 719
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%.

2 486
3 325
-
-
total
2 486
3 325
-
-
Dividends
47 233
63 175
-
-
withholding
7 085
9 476
-
-
social contributions
6 518
8 719
-
-
health
3 297
4 410
-
-
total
16 900
22 605
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 672
25 930
24 557
23 793
After tax
40 828
40 570
41 943
42 707
Living cost
10 494
10 494
10 494
10 494
Free-cash
30 334
30 076
31 448
32 212

Estimated living cost  is ₴10494 per week

₴7023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴16155
₴19553
₴18786
₴545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
98
unemployment
-
-
-
3 035
income
-
-
-
14 388
chamber of commerce
-
-
-
266
total
-
-
-
32 906
Employee
24 734
19 723
51 562
-
pensions
2 533
2 019
5 280
-
other
247
197
516
-
unemployment
742
592
1 547
-
income
2 816
1 455
11 817
-
health
957
764
1 996
-
total
7 295
5 027
21 156
-
Employer
24 734
19 723
51 562
-
payroll
742
592
1 547
-
chamber of commerce
99
79
207
-
pensions
3 104
2 476
6 471
-
surtax
98
98
98
-
other
1 175
936
2 449
-
unemployment
742
592
1 547
-
accident
321
256
671
-
health
934
746
1 949
-
total
7 215
5 775
14 939
-
Corporate
34 552
41 003
49 684
-
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.

8 638
10 250
12 421
-
total
8 638
10 250
12 421
-
Dividends
25 914
30 752
-
-
withholding
7 127
8 456
-
-
total
7 127
8 456
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 275
29 508
48 516
32 906
After tax
36 225
36 992
17 984
33 594
Living cost
17 439
17 439
17 439
17 439
Free-cash
18 786
19 553
545
16 155

Estimated living cost  is ₴17439 per week

₴11631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4034
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11461
₴19189
₴11766
₴6522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 503
communal

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

-
-
-
3 359
national
-
-
-
23 132
total
-
-
-
36 994
Employee

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

35 401
-
51 505
-
national
10 884
-
17 521
-
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.

2 655
-
3 863
-
unemployment

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

308
-
448
-
communal

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

1 846
-
2 686
-
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.

1 663
-
2 421
-
total
17 356
-
26 939
-
Employer

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

35 401
-
51 505
-
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.

3 137
-
4 564
-
surtax
4 014
-
5 840
-
unemployment

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

517
-
752
-
accident

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

460
-
670
-
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.

2 177
-
3 168
-
total
10 305
-
14 994
-
Corporate
20 794
66 500
-
-
income
4 159
13 300
-
-
surtax
84
266
-
-
total
4 243
13 566
-
-
Dividends
16 551
52 934
-
-
withholding

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

4 785
15 700
-
-
total
4 785
15 700
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 689
29 266
41 933
36 994
After tax
29 811
37 234
24 567
29 506
Living cost
18 045
18 045
18 045
18 045
Free-cash
11 766
19 189
6 522
11 461

Estimated living cost  is ₴18045 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19389
₴26704
₴22953
₴17011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
15 476
total
-
-
-
29 238
Employee
24 636
-
51 876
-
pensions
1 158
-
2 156
-
other
24
-
46
-
unemployment
382
-
711
-
income
5 198
-
14 079
-
total
6 762
-
16 992
-
Employer
24 636
-
51 876
-
pensions
5 814
-
10 826
-
other
196
-
367
-
unemployment
1 355
-
2 523
-
accident
487
-
908
-
total
7 852
-
14 624
-
Corporate
34 012
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.

5 102
9 975
-
-
total
5 102
9 975
-
-
Dividends
28 910
56 525
-
-
withholding
5 958
11 948
-
-
total
5 958
11 948
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 674
21 923
31 616
29 238
After tax
40 826
44 577
34 884
37 262
Living cost
17 873
17 873
17 873
17 873
Free-cash
22 953
26 704
17 011
19 389

Estimated living cost  is ₴17873 per week

₴13162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8296
₴13027
₴7889
₴10950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 968
health
-
-
-
4 673
surtax
-
-
-
3 297
accident
-
-
-
561
communal
-
-
-
4 203
income
-
-
-
8 606
total
-
-
-
31 308
Employee
37 479
-
59 402
-
surtax
2 297
-
3 640
-
pensions
2 998
-
4 752
-
income
3 620
-
10 521
-
health
1 668
-
2 643
-
total
10 583
-
21 556
-
Employer
37 479
-
59 402
-
pensions
2 998
-
4 752
-
accident
337
-
534
-
health
1 143
-
1 812
-
total
4 478
-
7 098
-
Corporate
24 543
66 500
-
-
communal
1 657
4 488
-
-
income
3 682
9 975
-
-
surtax
257
698
-
-
total
5 596
15 161
-
-
Dividends
18 947
51 339
-
-
withholding
2 842
7 700
-
-
income
8 216
3 716
-
-
total
11 058
11 416
-
-
Income
66 500
66 500
66 500
66 500
Total tax
31 715
26 577
28 654
31 308
After tax
34 785
39 923
37 846
35 192
Living cost
26 896
26 896
26 896
26 896
Free-cash
7 889
13 027
10 950
8 296

Estimated living cost  is ₴26896 per week

₴20176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20438
₴30713
₴29139
₴19280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 211
health
-
-
-
4 689
surtax
-
-
-
2 064
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
14 869
total
-
-
-
34 946
Employee
16 667
-
54 937
-
surtax
59
-
1 881
-
pensions
1 112
-
3 665
-
other
-
-
-
-
unemployment
1 160
-
3 823
-
income
2 794
-
13 771
-
health
425
-
1 401
-
total
5 550
-
24 541
-
Employer
16 667
-
54 937
-
pensions
2 222
-
7 323
-
other
-
-
-
-
unemployment
529
-
1 741
-
health
758
-
2 499
-
total
3 509
-
11 563
-
Corporate
46 324
66 500
-
-
income
12 044
17 290
-
-
total
12 044
17 290
-
-
Dividends
34 280
49 210
-
-
withholding
5 142
7 381
-
-
total
5 142
7 381
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 245
24 671
36 104
34 946
After tax
40 255
41 829
30 396
31 554
Living cost
11 116
11 116
11 116
11 116
Free-cash
29 139
30 713
19 280
20 438

Estimated living cost  is ₴11116 per week

₴6711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19353
₴21622
₴20523
₴16206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
395
regional
-
-
-
1 002
social contributions
-
-
-
17 104
national
-
-
-
15 314
total
-
-
-
33 815
Employee
27 454
-
66 500
-
social contributions
9 258
-
22 424
-
municipal
146
-
352
-
regional
370
-
894
-
national
4 349
-
13 292
-
total
14 123
-
36 962
-
Employer
27 454
-
66 500
-
total
-
-
-
-
Corporate
39 046
66 500
-
-
nationa
9 371
15 960
-
-
municipal
1 940
3 305
-
-
total
11 311
19 265
-
-
Dividends
27 735
47 235
-
-
withholding
7 211
12 281
-
-
total
7 211
12 281
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 645
31 546
36 962
33 815
After tax
33 855
34 954
29 538
32 685
Living cost
13 332
13 332
13 332
13 332
Free-cash
20 523
21 622
16 206
19 353

Estimated living cost  is ₴13332 per week

₴8291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18692
₴30628
₴25221
₴18589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 978
social contributions
-
-
-
17 700
solidarity contribution
-
-
-
-
income
-
-
-
5 973
total
-
-
-
32 651
Employee
22 290
-
49 627
-
social contributions
1 449
-
3 226
-
income
2 675
-
5 955
-
solidarity contribution
-
-
-
-
health
3 009
-
6 700
-
total
7 133
-
15 881
-
Employer
22 290
-
49 627
-
social contributions
5 572
-
12 407
-
health
2 006
-
4 466
-
total
7 578
-
16 873
-
Corporate
36 632
66 500
-
-
income
6 960
12 635
-
-
total
6 960
12 635
-
-
Dividends
29 672
53 865
-
-
withholding
4 451
8 080
-
-
total
4 451
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 122
20 715
32 754
32 651
After tax
40 378
45 785
33 746
33 849
Living cost
15 157
15 157
15 157
15 157
Free-cash
25 221
30 628
18 589
18 692

Estimated living cost  is ₴15157 per week

₴11272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17902
₴21254
₴21010
₴2212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 696
health
-
-
-
4 423
surtax
-
-
-
-
unemployment
-
-
-
3 035
income
-
-
-
14 388
chamber of commerce
-
-
-
266
total
-
-
-
32 808
Employee
21 634
19 723
51 638
-
pensions
2 216
2 019
5 288
-
other
216
197
517
-
unemployment
649
592
1 549
-
income
1 927
1 455
11 843
-
health
837
764
1 999
-
total
5 845
5 027
21 196
-
Employer
21 634
19 723
51 638
-
payroll
649
592
1 549
-
chamber of commerce
86
79
207
-
pensions
2 715
2 476
6 480
-
surtax
-
-
-
-
other
1 027
936
2 452
-
unemployment
649
592
1 549
-
accident
281
256
672
-
health
818
746
1 952
-
total
6 225
5 677
14 861
-
Corporate
38 640
41 100
49 762
-
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.

9 660
10 275
12 441
-
total
9 660
10 275
12 441
-
Dividends
28 980
30 826
-
-
withholding
7 970
8 477
-
-
total
7 970
8 477
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 700
29 456
48 498
32 808
After tax
36 800
37 044
18 002
33 692
Living cost
15 790
15 790
15 790
15 790
Free-cash
21 010
21 254
2 212
17 902

Estimated living cost  is ₴15790 per week

₴9472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59527
₴56867
₴55684
₴46892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
66 500
microenterprise

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

-
-
-
665
total
-
-
-
665
Employee
7 886
-
66 500
-
income
1 577
-
13 300
-
total
1 577
-
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%.

58 614
66 500
-
-
total
-
-
-
-
Dividends
58 614
66 500
-
-
withholding
2 931
3 325
-
-
total
2 931
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 508
3 325
13 300
665
After tax
61 992
63 175
53 200
65 835
Living cost
6 308
6 308
6 308
6 308
Free-cash
55 684
56 867
46 892
59 527

Estimated living cost  is ₴6308 per week

₴4269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1563
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20253
₴32510
₴28371
₴18479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 145
health
-
-
-
6 543
unemployment
-
-
-
100
income
-
-
-
14 184
total
-
-
-
32 972
Employee

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

21 885
-
57 541
-
pensions
3 392
-
8 919
-
unemployment
31
-
81
-
income
3 774
-
13 070
-
health
1 413
-
3 717
-
total
8 610
-
25 787
-
Employer

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

21 885
-
57 541
-
pensions
1 937
-
5 092
-
unemployment
13
-
35
-
health
1 458
-
3 832
-
total
3 408
-
8 959
-
Corporate
41 207
66 500
-
-
income
7 829
12 635
-
-
total
7 829
12 635
-
-
Dividends
33 378
53 865
-
-
withholding
5 007
8 080
-
-
total
5 007
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 854
20 715
34 746
32 972
After tax
41 646
45 785
31 754
33 528
Living cost
13 275
13 275
13 275
13 275
Free-cash
28 371
32 510
18 479
20 253

Estimated living cost  is ₴13275 per week

₴9110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24395
₴18897
-₴8010
₴38364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 917
-
-
-
social contributions
2 535
-
361
-
income
6 820
-
-
-
total
9 355
-
361
-
Employer
30 917
-
-
-
social contributions
43 593
-
6 213
-
total
43 593
-
6 213
-
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
52 948
26 041
6 574
20 543
After tax
13 552
40 459
59 926
45 957
Living cost
21 562
21 562
21 562
21 562
Free-cash
-8 010
18 897
38 364
24 395

Estimated living cost  is ₴21562 per week

₴13990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20788
₴22301
₴21802
₴16375
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
23 109
income
-
-
-
7 079
total
-
-
-
30 188
Employee
22 762
-
53 737
-
social contributions
2 504
-
5 911
-
surtax
-
-
-
-
income
4 735
-
15 927
-
total
7 239
-
21 838
-
Employer
22 762
-
53 737
-
social contributions
5 406
-
12 763
-
total
5 406
-
12 763
-
Corporate
38 332
66 500
-
-
income
8 050
13 965
-
-
surtax
-
-
-
-
total
8 050
13 965
-
-
Dividends
30 282
52 535
-
-
withholding
8 479
14 710
-
-
total
8 479
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 174
28 675
34 601
30 188
After tax
37 326
37 825
31 899
36 312
Living cost
15 524
15 524
15 524
15 524
Free-cash
21 802
22 301
16 375
20 788

Estimated living cost  is ₴15524 per week

₴11615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13905
₴9613
₴13012
₴14958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
13 828
health
-
-
-
2 167
surtax
-
-
-
-
other
-
-
-
2 062
social contributions
-
-
-
1 895
income
-
-
-
8 739
total
-
-
-
28 691
Employee
30 997
-
52 683
-
social contributions
883
-
1 502
-
surtax
-
-
-
-
pensions
3 506
-
3 158
-
income
2 705
-
9 162
-
total
7 094
-
13 822
-
Employer
30 997
-
52 683
-
pensions
5 093
-
5 407
-
social contributions
93
-
158
-
other
1 070
-
1 840
-
unemployment
1 256
-
2 134
-
health
2 170
-
4 277
-
total
9 682
-
13 816
-
Corporate
25 821
66 500
-
-
income
7 230
18 620
-
-
surtax
-
-
-
-
total
7 230
18 620
-
-
Dividends
18 591
47 880
-
-
withholding
2 380
6 128
-
-
surtax
-
-
-
-
social contributions
3 198
8 235
-
-
total
5 578
14 363
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 584
32 983
27 638
28 691
After tax
36 916
33 517
38 862
37 809
Living cost
23 904
23 904
23 904
23 904
Free-cash
13 012
9 613
14 958
13 905

Estimated living cost  is ₴23904 per week

₴16178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1955
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5443
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34810
₴44973
₴43311
₴36578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 631
income
-
-
-
2 182
total
-
-
-
16 813
Employee
15 911
-
57 576
-
social contributions
1 034
-
3 743
-
income
-
-
2 378
-
total
1 034
-
6 121
-
Employer
15 911
-
57 576
-
social contributions
2 466
-
8 924
-
total
2 466
-
8 924
-
Corporate
48 123
66 500
-
-
income
4 812
6 650
-
-
total
4 812
6 650
-
-
Dividends
43 310
59 850
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
8 312
6 650
15 045
16 813
After tax
58 188
59 850
51 455
49 687
Living cost
14 877
14 877
14 877
14 877
Free-cash
43 311
44 973
36 578
34 810

Estimated living cost  is ₴14877 per week

₴9619
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
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.
₴3856
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16607
-₴41177
-₴41177
-₴41177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 242
pensions
-
-
-
428
labour market
-
-
-
5 286
national
-
-
-
7 136
total
-
-
-
26 092
Employee
100 458
100 458
100 458
-
municipal
21 392
21 392
21 392
-
national
12 273
12 273
12 273
-
pensions
143
143
143
-
labour market
8 025
8 025
8 025
-
total
41 833
41 833
41 833
-
Employer
100 458
100 458
100 458
-
labour market
8 037
8 037
8 037
-
pensions
286
286
286
-
municipal
21 426
21 426
21 426
-
national
12 294
12 294
12 294
-
total
42 043
42 043
42 043
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
83 876
83 876
83 876
26 092
After tax
-17 376
-17 376
-17 376
40 408
Living cost
23 801
23 801
23 801
23 801
Free-cash
-41 177
-41 177
-41 177
16 607

Estimated living cost  is ₴23801 per week

₴16290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2105
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34650
-₴5502
₴3716
₴24459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
17 462
total
-
-
-
20 961
Employee
17 129
-
58 553
-
pensions
1 929
-
3 833
-
income
2 350
-
12 667
-
health
1 961
-
6 704
-
total
6 240
-
23 204
-
Employer
17 129
-
58 553
-
pensions
2 785
-
5 535
-
unemployment
420
-
1 435
-
accident
286
-
978
-
total
3 491
-
7 948
-
Corporate
45 880
66 500
-
-
income

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

41 292
59 850
-
-
total
41 292
59 850
-
-
Dividends
4 588
6 650
-
-
withholding
872
1 263
-
-
total
872
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 895
61 113
31 152
20 961
After tax
14 605
5 387
35 348
45 539
Living cost
10 889
10 889
10 889
10 889
Free-cash
3 716
-5 502
24 459
34 650

Estimated living cost  is ₴10889 per week

₴7926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26316
₴23916
₴24312
₴17200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
11 823
health
-
-
-
817
national
-
-
-
8 543
total
-
-
-
21 183
Employee
26 038
-
55 943
-
municipal
4 265
-
9 121
-
national
430
-
5 352
-
pensions
1 757
-
3 776
-
unemployment
391
-
839
-
health
194
-
655
-
total
7 037
-
19 743
-
Employer
26 038
-
55 943
-
pensions
4 518
-
9 706
-
unemployment
169
-
363
-
accident
26
-
56
-
health
200
-
431
-
total
4 913
-
10 556
-
Corporate
35 549
66 500
-
-
income
7 110
13 300
-
-
total
7 110
13 300
-
-
Dividends

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

21 329
39 900
-
-
municipal
3 839
7 182
-
-
national
288
3 101
-
-
total
4 127
10 283
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 187
23 583
30 299
21 183
After tax
43 313
42 917
36 201
45 317
Living cost
19 001
19 001
19 001
19 001
Free-cash
24 312
23 916
17 200
26 316

Estimated living cost  is ₴19001 per week

₴12411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35028
₴37120
₴34428
₴34361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 696
social contributions
-
-
-
8 008
income
-
-
-
10 309
total
-
-
-
20 013
Employee
38 057
38 057
61 109
-
social contributions
1 439
3 159
4 260
-
income
4 144
3 523
9 990
-
health
295
647
1 039
-
total
5 878
7 329
15 289
-
Employer
38 057
38 057
61 109
-
social contributions
1 439
3 159
4 260
-
health
320
704
1 131
-
total
1 759
3 863
5 391
-
Corporate
47 405
24 581
-
-
income
5 925
3 073
-
-
total
5 925
3 073
-
-
Dividends
41 479
21 508
-
-
withholding
7 051
3 656
-
-
total
7 051
3 656
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 613
17 921
20 680
20 013
After tax
45 887
48 579
45 820
46 487
Living cost
11 459
11 459
11 459
11 459
Free-cash
34 428
37 120
34 361
35 028

Estimated living cost  is ₴11459 per week

₴6867
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47094
₴47211
₴44693
₴37166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 148
health
-
-
-
1 791
unemployment
-
-
-
14
income
-
-
-
6 595
total
-
-
-
11 548
Employee

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

11 360
-
61 663
-
pensions
1 704
-
7 044
-
unemployment
56
-
235
-
income
777
-
5 368
-
health
965
-
3 992
-
total
3 502
-
16 639
-
Employer

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

11 360
-
61 663
-
pensions
625
-
2 583
-
unemployment
56
-
235
-
health
488
-
2 019
-
total
1 169
-
4 837
-
Corporate
53 971
66 500
-
-
income
4 858
5 985
-
-
total
4 858
5 985
-
-
Dividends
49 113
60 515
-
-
withholding
4 420
5 446
-
-
total
4 420
5 446
-
-
Income
66 500
66 500
66 500
66 500
Total tax
13 949
11 431
21 476
11 548
After tax
52 551
55 069
45 024
54 952
Living cost
7 858
7 858
7 858
7 858
Free-cash
44 693
47 211
37 166
47 094

Estimated living cost  is ₴7858 per week

₴5013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23652
₴30967
₴28560
₴21274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
15 476
total
-
-
-
29 238
Employee
18 300
-
51 876
-
pensions
860
-
2 156
-
other
18
-
46
-
unemployment
284
-
711
-
income
3 528
-
14 079
-
total
4 690
-
16 992
-
Employer
18 300
-
51 876
-
pensions
4 318
-
10 826
-
other
147
-
367
-
unemployment
1 007
-
2 523
-
accident
363
-
908
-
total
5 835
-
14 624
-
Corporate
42 366
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.

6 355
9 975
-
-
total
6 355
9 975
-
-
Dividends
36 011
56 525
-
-
withholding
7 450
11 948
-
-
total
7 450
11 948
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 330
21 923
31 616
29 238
After tax
42 170
44 577
34 884
37 262
Living cost
13 610
13 610
13 610
13 610
Free-cash
28 560
30 967
21 274
23 652

Estimated living cost  is ₴13610 per week

₴9186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Valencia model

Close
Istanbul , Turkey
₴41693
₴40531
₴40373
₴41625
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
704
health
-
-
-
510
income
-
-
-
22 628
total
-
-
-
23 842
Employee
1 469
-
65 708
-
pensions
132
-
317
-
unemployment
15
-
35
-
income
284
-
22 591
-
health
73
-
176
-
total
504
-
23 119
-
Employer
1 469
-
65 708
-
pensions
162
-
387
-
unemployment
29
-
70
-
health
140
-
334
-
total
331
-
791
-
Corporate
64 700
66 500
-
-
income
14 234
14 630
-
-
total
14 234
14 630
-
-
Dividends
50 466
51 870
-
-
withholding
10 093
10 374
-
-
total
10 093
10 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 162
25 004
23 910
23 842
After tax
41 338
41 496
42 590
42 658
Living cost
965
965
965
965
Free-cash
40 373
40 531
41 625
41 693

Estimated living cost  is ₴965 per week

₴573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29570
₴39492
₴37058
₴29572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 504
health
-
-
-
3 765
unemployment
-
-
-
548
income
-
-
-
14 559
total
-
-
-
28 376
Employee

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

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

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

12 898
-
59 957
-
pensions
1 806
-
5 117
-
unemployment
97
-
274
-
income
1 778
-
14 559
-
health
664
-
1 882
-
total
4 345
-
21 832
-
Employer

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

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

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

12 898
-
59 957
-
pensions
1 548
-
4 386
-
unemployment
97
-
274
-
health
664
-
1 882
-
total
2 309
-
6 542
-
Corporate
51 293
66 500
-
-
income
7 694
9 975
-
-
total
7 694
9 975
-
-
Dividends
43 599
56 525
-
-
withholding
6 540
8 479
-
-
total
6 540
8 479
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 888
18 454
28 374
28 376
After tax
45 612
48 046
38 126
38 124
Living cost
8 554
8 554
8 554
8 554
Free-cash
37 058
39 492
29 572
29 570

Estimated living cost  is ₴8554 per week

₴5759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴22969
₴24482
₴24304
₴18556
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
23 109
income
-
-
-
7 079
total
-
-
-
30 188
Employee
19 209
-
53 737
-
social contributions
2 113
-
5 911
-
surtax
-
-
-
-
income
3 753
-
15 927
-
total
5 866
-
21 838
-
Employer
19 209
-
53 737
-
social contributions
4 562
-
12 763
-
total
4 562
-
12 763
-
Corporate
42 730
66 500
-
-
income
8 973
13 965
-
-
surtax
-
-
-
-
total
8 973
13 965
-
-
Dividends
33 757
52 535
-
-
withholding
9 452
14 710
-
-
total
9 452
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 853
28 675
34 601
30 188
After tax
37 647
37 825
31 899
36 312
Living cost
13 343
13 343
13 343
13 343
Free-cash
24 304
24 482
18 556
22 969

Estimated living cost  is ₴13343 per week

₴9450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19869
₴27184
₴23601
₴17491
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 982
other
-
-
-
46
unemployment
-
-
-
321
accident
-
-
-
413
income
-
-
-
15 476
total
-
-
-
29 238
Employee
23 902
-
51 876
-
pensions
1 123
-
2 156
-
other
23
-
46
-
unemployment
370
-
711
-
income
4 992
-
14 079
-
total
6 508
-
16 992
-
Employer
23 902
-
51 876
-
pensions
5 641
-
10 826
-
other
192
-
367
-
unemployment
1 315
-
2 523
-
accident
473
-
908
-
total
7 621
-
14 624
-
Corporate
34 977
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.

5 246
9 975
-
-
total
5 246
9 975
-
-
Dividends
29 731
56 525
-
-
withholding
6 131
11 948
-
-
total
6 131
11 948
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 506
21 923
31 616
29 238
After tax
40 994
44 577
34 884
37 262
Living cost
17 393
17 393
17 393
17 393
Free-cash
23 601
27 184
17 491
19 869

Estimated living cost  is ₴17393 per week

₴12491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
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.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴43395
₴48343
₴45325
₴45780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 559
health
-
-
-
1 988
unemployment
-
-
-
69
income
-
-
-
9 975
total
-
-
-
14 591
Employee
11 273
-
63 108
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
6 311
-
health
519
-
795
-
total
2 761
-
8 814
-
Employer
11 273
-
63 108
-
pensions

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

1 242
-
1 905
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
778
-
1 193
-
total
2 212
-
3 392
-
Corporate
53 015
66 500
-
-
income
5 302
6 650
-
-
total
5 302
6 650
-
-
Dividends
47 713
59 850
-
-
withholding
2 386
2 993
-
-
total
2 386
2 993
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 661
9 643
12 206
14 591
After tax
53 839
56 857
54 294
51 909
Living cost
8 514
8 514
8 514
8 514
Free-cash
45 325
48 343
45 780
43 395

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴18504
₴15151
₴21625
₴24745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
6 241
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.

-
-
-
3 381
surtax

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

-
-
-
1 004
income

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

-
-
-
18 263
total
-
-
-
28 889
Employee

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

24 625
-
66 500
-
surtax

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

112
-
1 004
-
income

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

2 025
-
18 263
-
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.

3 381
-
3 381
-
total
5 518
-
22 648
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 875
66 500
-
-
trade
6 009
9 543
-
-
income
6 281
9 975
-
-
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.

346
548
-
-
total
12 772
20 239
-
-
Dividends
29 103
46 260
-
-
withholding
7 088
11 377
-
-
surtax

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

390
626
-
-
total
7 478
12 003
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 768
32 242
22 648
28 889
After tax
40 732
34 258
43 852
37 611
Living cost
19 107
19 107
19 107
19 107
Free-cash
21 625
15 151
24 745
18 504

Estimated living cost  is ₴19107 per week

₴13181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2056
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9274
₴18357
₴19451
₴9274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 615
income
-
-
-
18 419
total
-
-
-
29 034
Employee
38 713
-
66 500
-
social contributions
3 216
-
10 615
-
income
7 305
-
18 419
-
total
10 521
-
29 034
-
Employer
38 713
-
66 500
-
total
-
-
-
-
Corporate
27 787
66 500
-
-
income
3 473
8 313
-
-
total
3 473
8 313
-
-
Dividends
24 314
58 187
-
-
withholding
4 863
11 638
-
-
total
4 863
11 638
-
-
Income
66 500
66 500
66 500
66 500
Total tax
18 857
19 951
29 034
29 034
After tax
47 643
46 549
37 466
37 466
Living cost
28 192
28 192
28 192
28 192
Free-cash
19 451
18 357
9 274
9 274

Estimated living cost  is ₴28192 per week

₴21448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2297
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.
₴4178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31407
₴22644
₴24373
₴30578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 039
income
-
-
-
14 088
total
-
-
-
17 127
Employee
22 704
-
64 223
-
social contributions
2 275
-
2 277
-
income
2 464
-
13 402
-
total
4 739
-
15 679
-
Employer
22 704
-
64 223
-
social contributions
2 275
-
2 277
-
total
2 275
-
2 277
-
Corporate
41 522
66 500
-
-
income
14 532
23 275
-
-
total
14 532
23 275
-
-
Dividends
26 989
43 225
-
-
social contributions
2 615
2 615
-
-
total
2 615
2 615
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 161
25 890
17 956
17 127
After tax
42 339
40 610
48 544
49 373
Living cost
17 966
17 966
17 966
17 966
Free-cash
24 373
22 644
30 578
31 407

Estimated living cost  is ₴17966 per week

₴11834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27357
₴27445
₴28809
₴21226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 019
income
-
-
-
16 879
total
-
-
-
20 898
Employee
25 044
-
58 276
-
pensions
1 911
-
5 090
-
income
4 561
-
12 792
-
health
327
-
923
-
total
6 799
-
18 805
-
Employer
25 044
-
58 276
-
pensions
2 530
-
7 116
-
health
476
-
1 108
-
total
3 006
-
8 224
-
Corporate
38 450
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.

7 305
12 635
-
-
total
7 305
12 635
-
-
Dividends
31 144
53 865
-
-
withholding
2 336
8 175
-
-
total
2 336
8 175
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 446
20 810
27 029
20 898
After tax
47 054
45 690
39 471
45 602
Living cost
18 245
18 245
18 245
18 245
Free-cash
28 809
27 445
21 226
27 357

Estimated living cost  is ₴18245 per week

₴12516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1678
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33572
-₴6580
₴3551
₴23381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 090
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
17 462
total
-
-
-
20 961
Employee
18 825
-
58 553
-
pensions
2 120
-
3 833
-
income
2 583
-
12 667
-
health
2 155
-
6 704
-
total
6 858
-
23 204
-
Employer
18 825
-
58 553
-
pensions
3 061
-
5 535
-
unemployment
461
-
1 435
-
accident
314
-
978
-
total
3 836
-
7 948
-
Corporate
43 839
66 500
-
-
income

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

39 455
59 850
-
-
total
39 455
59 850
-
-
Dividends
4 384
6 650
-
-
withholding
833
1 263
-
-
total
833
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
50 982
61 113
31 152
20 961
After tax
15 518
5 387
35 348
45 539
Living cost
11 967
11 967
11 967
11 967
Free-cash
3 551
-6 580
23 381
33 572

Estimated living cost  is ₴11967 per week

₴8782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30883
₴49284
₴46973
₴38302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 236
health insurance
-
-
-
4 921
work injury
-
-
-
333
unemployment
-
-
-
798
income
-
-
-
10 653
total
-
-
-
28 941
Employee

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

10 682
-
66 500
-
pensions
1 965
-
7 272
-
health insurance
790
-
2 925
-
unemployment
128
-
474
-
income
1 068
-
10 653
-
work injury
53
-
198
-
total
4 004
-
21 522
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 818
66 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

558
665
-
-
total
558
665
-
-
Dividends
55 260
65 835
-
-
withholding
8 289
9 875
-
-
total
8 289
9 875
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 851
10 540
21 522
28 941
After tax
53 649
55 960
44 978
37 559
Living cost
6 676
6 676
6 676
6 676
Free-cash
46 973
49 284
38 302
30 883

Estimated living cost  is ₴6676 per week

₴4136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12437
₴15312
₴13058
₴9396
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
444
regional
-
-
-
1 485
social contributions
-
-
-
17 104
national
-
-
-
15 314
total
-
-
-
34 347
Employee
41 705
-
66 500
-
social contributions
14 063
-
22 424
-
municipal
249
-
396
-
regional
630
-
1 276
-
national
7 048
-
13 292
-
total
21 990
-
37 388
-
Employer
41 705
-
66 500
-
total
-
-
-
-
Corporate
24 795
66 500
-
-
nationa
5 951
15 960
-
-
municipal
1 196
3 205
-
-
total
7 147
19 165
-
-
Dividends
17 649
47 335
-
-
withholding
4 589
12 307
-
-
total
4 589
12 307
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 726
31 472
37 388
34 347
After tax
32 774
35 028
29 112
32 153
Living cost
19 716
19 716
19 716
19 716
Free-cash
13 058
15 312
9 396
12 437

Estimated living cost  is ₴19716 per week

₴13849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
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.
₴4212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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