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
₴20655
₴25366
₴22645
₴30001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 356
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.

-
-
-
19 613
health

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

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

-
-
-
2 909
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.

-
-
-
1 079
total
-
-
-
30 957
Employee

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

16 287
-
66 500
-
health

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

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

2 909
-
2 909
-
surtax

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

25
-
1 079
-
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.

455
-
19 613
-
total
3 389
-
23 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 213
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.

415
549
-
-
income
7 532
9 975
-
-
trade
7 909
10 474
-
-
chamber of commerce
137
160
-
-
total
15 993
21 158
-
-
Dividends
34 222
45 342
-
-
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.

461
615
-
-
withholding
8 393
11 174
-
-
total
8 854
11 789
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 236
32 947
23 601
30 957
After tax
38 264
33 553
42 899
35 543
Living cost
12 898
12 898
12 898
12 898
Free-cash
25 366
20 655
30 001
22 645

Estimated living cost  is ₴12898 per week

₴8113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
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.
₴3040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20041
₴19684
₴17922
₴18444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 228
pensions
-
-
-
7 980
national
-
-
-
11 200
social contributions
-
-
-
715
total
-
-
-
27 123
Employee
33 259
-
57 489
-
municipal
4 108
-
7 485
-
pensions
1 330
-
2 300
-
national
6 366
-
11 599
-
total
11 804
-
21 384
-
Employer
33 259
-
57 489
-
social contributions
358
-
618
-
pensions
2 661
-
4 599
-
total
3 019
-
5 217
-
Corporate
28 027
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%.

5 605
13 300
-
-
total
5 605
13 300
-
-
Dividends
22 422
53 200
-
-
withholding
4 933
11 704
-
-
total
4 933
11 704
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 361
25 004
26 601
27 123
After tax
41 139
41 496
39 899
39 377
Living cost
21 455
21 455
21 455
21 455
Free-cash
19 684
20 041
18 444
17 922

Estimated living cost  is ₴21455 per week

₴14583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44341
₴40848
₴13312
₴31323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
11 057
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.

-
-
-
16 315
total
-
-
-
44 329
Employee
12 443
-
48 238
-
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.

1 369
-
5 307
-
surtax
-
-
-
-
income
2 215
-
9 390
-
total
3 584
-
14 697
-
Employer
12 443
-
48 238
-
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.

2 997
-
11 621
-
surtax
-
-
-
-
total
2 997
-
11 621
-
Corporate
51 060
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%.

10 212
13 300
-
-
total
10 212
13 300
-
-
Dividends

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

40 848
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
16 793
13 300
26 318
44 329
After tax
49 707
53 200
40 182
22 171
Living cost
8 859
8 859
8 859
8 859
Free-cash
40 848
44 341
31 323
13 312

Estimated living cost  is ₴8859 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14959
₴12350
₴19467
₴22786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
18 955
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
29 195
Employee
36 363
36 363
58 587
-
health
5 581
4 747
5 251
-
income

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

5 952
5 952
7 722
-
pensions
6 545
4 989
4 989
-
total
18 078
15 688
17 962
-
Employer
36 363
36 363
58 587
-
unemployment
1 309
1 309
1 627
-
pensions
2 531
2 531
3 146
-
health
2 528
2 528
3 141
-
total
6 368
6 368
7 914
-
Corporate
24 216
23 770
-
-
income
4 844
4 754
-
-
total
4 844
4 754
-
-
Dividends
19 372
19 016
-
-
income
4 116
4 041
-
-
withholding
2 906
2 852
-
-
total
7 022
6 893
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 312
33 703
25 876
29 195
After tax
30 188
32 797
40 624
37 305
Living cost
17 838
17 838
17 838
17 838
Free-cash
12 350
14 959
22 786
19 467

Estimated living cost  is ₴17838 per week

₴12641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Rotterdam model

Close
Stockholm , Sweden
₴19898
₴19530
₴18104
₴17705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 723
accident
-
-
-
72
pensions
-
-
-
3 888
other
-
-
-
4 179
unemployment
-
-
-
36
health
-
-
-
2 244
national
-
-
-
4 843
total
-
-
-
31 985
Employee
23 384
-
55 199
-
municipal
6 973
-
16 460
-
national
-
-
4 623
-
total
6 973
-
21 083
-
Employer
23 384
-
55 199
-
accident
47
-
72
-
other
2 717
-
4 179
-
unemployment
617
-
950
-
pensions
2 528
-
3 888
-
health
1 438
-
2 212
-
total
7 347
-
11 301
-
Corporate
35 769
66 500
-
-
income
7 869
14 630
-
-
total
7 869
14 630
-
-
Dividends
27 900
51 870
-
-
withholding
8 370
15 561
-
-
total
8 370
15 561
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 559
30 191
32 384
31 985
After tax
35 941
36 309
34 116
34 515
Living cost
16 411
16 411
16 411
16 411
Free-cash
19 530
19 898
17 705
18 104

Estimated living cost  is ₴16411 per week

₴10876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16483
₴22469
₴18489
₴26171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 682
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.

-
-
-
19 613
health

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

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

-
-
-
2 909
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.

-
-
-
1 079
total
-
-
-
31 283
Employee

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

21 594
-
66 500
-
health

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

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

2 909
-
2 909
-
surtax

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

102
-
1 079
-
income

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

1 855
-
19 613
-
total
4 866
-
23 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 906
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.

370
549
-
-
income
6 736
9 975
-
-
trade
7 387
10 940
-
-
chamber of commerce
128
159
-
-
total
14 621
21 623
-
-
Dividends
30 284
44 878
-
-
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.

407
608
-
-
withholding
7 409
11 058
-
-
total
7 816
11 666
-
-
Income
66 500
66 500
66 500
66 500
Total tax
27 303
33 289
23 601
31 283
After tax
39 197
33 211
42 899
35 217
Living cost
16 728
16 728
16 728
16 728
Free-cash
22 469
16 483
26 171
18 489

Estimated living cost  is ₴16728 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34728
₴32964
₴32067
₴31460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
12 036
health
-
-
-
1 696
social contributions
-
-
-
6 890
total
-
-
-
20 622
Employee
32 743
32 743
61 694
-
social contributions
1 591
2 718
3 665
-
health
326
557
1 049
-
income
3 438
3 031
11 709
-
total
5 355
6 306
16 423
-
Employer
32 743
32 743
61 694
-
social contributions
1 591
2 718
3 665
-
health
355
606
1 141
-
total
1 946
3 324
4 806
-
Corporate
45 388
30 433
-
-
income
5 673
3 804
-
-
total
5 673
3 804
-
-
Dividends
39 714
26 629
-
-
withholding
6 751
4 527
-
-
total
6 751
4 527
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 725
17 961
21 229
20 622
After tax
46 775
48 539
45 271
45 878
Living cost
13 811
13 811
13 811
13 811
Free-cash
32 964
34 728
31 460
32 067

Estimated living cost  is ₴13811 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29619
₴29783
₴38314
₴30797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 130
pensions
-
-
-
6 650
unemployment
-
-
-
997
health
-
-
-
4 655
total
-
-
-
20 432
Employee

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

The minimum wage is 138,000 HUF per month.

11 192
4 454
55 649
-
health
783
312
3 895
-
income
1 368
545
6 803
-
pensions
1 119
445
5 565
-
unemployment
168
67
835
-
total
3 438
1 369
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.

11 192
4 454
55 649
-
pensions
2 183
869
10 851
-
total
2 183
869
10 851
-
Corporate
53 125
61 177
-
-
income
4 781
5 506
-
-
total
4 781
5 506
-
-
Dividends
48 344
55 671
-
-
social contributions
9 376
10 805
-
-
withholding
9 185
10 578
-
-
total
18 561
21 383
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 963
29 127
27 949
20 432
After tax
37 537
37 373
38 551
46 068
Living cost
7 754
7 754
7 754
7 754
Free-cash
29 783
29 619
30 797
38 314

Estimated living cost  is ₴7754 per week

₴5291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42915
₴40269
₴25359
₴28045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 911
pensions
-
-
-
13 300
health
-
-
-
8 645
total
-
-
-
30 856
Employee
12 080
-
49 701
-
income
1 360
-
9 582
-
pensions
242
-
994
-
unemployment
193
-
795
-
total
1 795
-
11 371
-
Employer
12 080
-
49 701
-
unemployment
97
-
398
-
pensions
2 416
-
9 940
-
health
1 570
-
6 461
-
total
4 083
-
16 799
-
Corporate
50 337
66 500
-
-
income
10 068
13 300
-
-
total
10 068
13 300
-
-
Dividends
40 269
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
15 946
13 300
28 170
30 856
After tax
50 554
53 200
38 330
35 644
Living cost
10 285
10 285
10 285
10 285
Free-cash
40 269
42 915
28 045
25 359

Estimated living cost  is ₴10285 per week

₴7054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3889
₴3963
₴36212
₴26573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
106
income
-
-
-
18 076
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
21 012
Employee
14 592
-
59 407
-
health
1 671
-
6 802
-
income
2 002
-
13 540
-
pensions
1 643
-
3 217
-
total
5 316
-
23 559
-
Employer
14 592
-
59 407
-
accident
244
-
992
-
unemployment
357
-
1 455
-
pensions
2 373
-
4 645
-
total
2 974
-
7 092
-
Corporate
48 934
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.

44 041
59 850
-
-
total
44 041
59 850
-
-
Dividends
4 893
6 650
-
-
withholding
930
1 263
-
-
total
930
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
53 261
61 113
30 651
21 012
After tax
13 239
5 387
35 849
45 488
Living cost
9 276
9 276
9 276
9 276
Free-cash
3 963
-3 889
26 573
36 212

Estimated living cost  is ₴9276 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59288
₴58559
₴61948
₴49313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
66 500
microenterprise

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

-
-
-
665
total
-
-
-
665
Employee
4 858
-
66 500
-
income
972
-
13 300
-
total
972
-
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%.

61 642
66 500
-
-
total
-
-
-
-
Dividends
61 642
66 500
-
-
withholding
3 082
3 325
-
-
total
3 082
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 054
3 325
13 300
665
After tax
62 446
63 175
53 200
65 835
Living cost
3 887
3 887
3 887
3 887
Free-cash
58 559
59 288
49 313
61 948

Estimated living cost  is ₴3887 per week

₴2409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37512
₴34635
₴24232
₴26550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 457
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.

-
-
-
15 541
other
-
-
-
3 075
health
-
-
-
2 849
total
-
-
-
30 922
Employee
15 461
-
53 115
-
health
217
-
743
-
income
2 662
-
10 229
-
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.

1 082
-
3 718
-
unemployment
154
-
531
-
total
4 115
-
15 221
-
Employer
15 461
-
53 115
-
accident
124
-
425
-
other
773
-
2 655
-
unemployment
154
-
531
-
pensions

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

2 629
-
9 029
-
health
217
-
743
-
total
3 897
-
13 383
-
Corporate
47 143
66 500
-
-
income
9 900
13 965
-
-
total
9 900
13 965
-
-
Dividends
37 243
52 535
-
-
withholding
2 607
3 677
-
-
total
2 607
3 677
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 519
17 642
28 604
30 922
After tax
45 981
48 858
37 896
35 578
Living cost
11 346
11 346
11 346
11 346
Free-cash
34 635
37 512
26 550
24 232

Estimated living cost  is ₴11346 per week

₴8017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15784
₴15186
₴16052
₴9982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
18 029
pensions
-
-
-
3 682
total
-
-
-
21 711
Employee
40 659
-
58 176
-
health
670
-
879
-
income
7 329
-
13 983
-
pensions
3 923
-
4 596
-
total
11 922
-
19 458
-
Employer
40 659
-
58 176
-
pensions
4 801
-
7 218
-
health
772
-
1 105
-
total
5 573
-
8 323
-
Corporate
20 268
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.

3 851
12 635
-
-
total
3 851
12 635
-
-
Dividends
16 417
53 865
-
-
withholding
1 231
9 344
-
-
total
1 231
9 344
-
-
Income
66 500
66 500
66 500
66 500
Total tax
22 577
21 979
27 781
21 711
After tax
43 923
44 521
38 719
44 789
Living cost
28 737
28 737
28 737
28 737
Free-cash
15 186
15 784
9 982
16 052

Estimated living cost  is ₴28737 per week

₴21534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3376
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.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51271
₴49292
₴46963
₴49479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
13 950
Employee
7 398
-
63 580
-
health
340
-
685
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
income
740
-
6 358
-
pensions

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

650
-
1 307
-
total
1 811
-
8 514
-
Employer
7 398
-
63 580
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
pensions

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

815
-
1 640
-
health
511
-
1 027
-
total
1 451
-
2 920
-
Corporate
57 651
66 500
-
-
income
5 765
6 650
-
-
total
5 765
6 650
-
-
Dividends
51 886
59 850
-
-
withholding
2 594
2 992
-
-
total
2 594
2 992
-
-
Income
66 500
66 500
66 500
66 500
Total tax
11 621
9 642
11 434
13 950
After tax
54 879
56 858
55 066
52 550
Living cost
5 587
5 587
5 587
5 587
Free-cash
49 292
51 271
49 479
46 963

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9185
₴10257
₴13693
₴17012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
18 955
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
29 195
Employee
39 478
36 363
58 587
-
health
4 925
4 747
5 251
-
income

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

5 952
5 952
7 722
-
pensions
4 989
4 989
4 989
-
total
15 866
15 688
17 962
-
Employer
39 478
36 363
58 587
-
unemployment
1 421
1 309
1 627
-
pensions
2 747
2 531
3 146
-
health
2 743
2 528
3 141
-
total
6 911
6 368
7 914
-
Corporate
20 109
23 770
-
-
income
4 022
4 754
-
-
total
4 022
4 754
-
-
Dividends
16 088
19 016
-
-
income
3 419
4 041
-
-
withholding
2 413
2 852
-
-
total
5 832
6 893
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 631
33 703
25 876
29 195
After tax
33 869
32 797
40 624
37 305
Living cost
23 612
23 612
23 612
23 612
Free-cash
10 257
9 185
17 012
13 693

Estimated living cost  is ₴23612 per week

₴17418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35576
₴31933
₴26198
₴23537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
6 425
health
-
-
-
8 978
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
30 093
Employee
15 013
-
49 627
-
social contributions
976
-
3 226
-
health
2 027
-
6 700
-
solidarity contribution
-
-
-
-
income
1 802
-
5 955
-
total
4 805
-
15 881
-
Employer
15 013
-
49 627
-
social contributions
3 753
-
12 407
-
health
1 351
-
4 466
-
total
5 104
-
16 873
-
Corporate
46 383
66 500
-
-
income
8 813
12 635
-
-
total
8 813
12 635
-
-
Dividends
37 570
53 865
-
-
withholding
5 636
8 080
-
-
total
5 636
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 358
20 715
32 754
30 093
After tax
42 142
45 785
33 746
36 407
Living cost
10 209
10 209
10 209
10 209
Free-cash
31 933
35 576
23 537
26 198

Estimated living cost  is ₴10209 per week

₴7091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17512
₴15290
₴14312
₴11297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
776
national
-
-
-
15 946
social contributions
-
-
-
17 103
total
-
-
-
34 220
Employee
37 844
-
66 500
-
social contributions
12 761
-
22 424
-
regional
357
-
684
-
municipal
200
-
352
-
national
6 557
-
13 775
-
total
19 875
-
37 235
-
Employer
37 844
-
66 500
-
total
-
-
-
-
Corporate
28 656
66 500
-
-
nationa
6 877
15 960
-
-
municipal
1 118
2 594
-
-
total
7 995
18 554
-
-
Dividends
20 661
47 946
-
-
withholding
5 372
12 466
-
-
total
5 372
12 466
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 242
31 020
37 235
34 220
After tax
33 258
35 480
29 265
32 280
Living cost
17 968
17 968
17 968
17 968
Free-cash
15 290
17 512
11 297
14 312

Estimated living cost  is ₴17968 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴32432
₴31108
₴22162
₴19808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
16 971
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 473
total
-
-
-
34 942
Employee
14 081
-
54 937
-
other
-
-
-
-
health
360
-
1 401
-
surtax
46
-
2 101
-
income
2 360
-
14 742
-
pensions
939
-
3 665
-
unemployment
980
-
3 824
-
total
4 685
-
25 733
-
Employer
14 081
-
54 937
-
other
-
-
-
-
unemployment
446
-
1 741
-
pensions
1 877
-
7 323
-
health
641
-
2 499
-
total
2 964
-
11 563
-
Corporate
49 455
66 500
-
-
income
12 858
17 290
-
-
total
12 858
17 290
-
-
Dividends
36 597
49 210
-
-
withholding
5 489
7 382
-
-
total
5 489
7 382
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 996
24 672
37 296
34 942
After tax
40 504
41 828
29 204
31 558
Living cost
9 396
9 396
9 396
9 396
Free-cash
31 108
32 432
19 808
22 162

Estimated living cost  is ₴9396 per week

₴5745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24888
₴26809
₴25156
₴19086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
18 029
pensions
-
-
-
3 682
total
-
-
-
21 711
Employee
27 249
-
58 176
-
health
396
-
879
-
income
4 908
-
13 983
-
pensions
2 313
-
4 596
-
total
7 617
-
19 458
-
Employer
27 249
-
58 176
-
pensions
2 950
-
7 218
-
health
518
-
1 105
-
total
3 468
-
8 323
-
Corporate
35 784
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.

6 799
12 635
-
-
total
6 799
12 635
-
-
Dividends
28 985
53 865
-
-
withholding
2 174
9 344
-
-
total
2 174
9 344
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 058
21 979
27 781
21 711
After tax
46 442
44 521
38 719
44 789
Living cost
19 633
19 633
19 633
19 633
Free-cash
26 809
24 888
19 086
25 156

Estimated living cost  is ₴19633 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2041
₴11844
₴21815
₴18585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
701
pensions
-
-
-
6 118
other

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

-
-
-
1 330
regional
-
-
-
3 067
health
-
-
-
150
national
-
-
-
869
total
-
-
-
12 235
Employee
37 975
-
59 521
-
city
408
-
639
-
regional
1 243
-
2 654
-
health
86
-
134
-
pensions
3 190
-
5 000
-
unemployment
-
-
-
-
national
180
-
714
-
total
5 107
-
9 141
-
Employer
37 975
-
59 521
-
other

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

759
-
1 190
-
unemployment
-
-
-
-
pensions
3 190
-
5 000
-
health
86
-
134
-
total
4 035
-
6 324
-
Corporate
24 072
66 500
-
-
regional
5 091
14 065
-
-
national
2 046
5 652
-
-
total
7 137
19 717
-
-
Dividends
16 935
46 783
-
-
withholding
5 927
16 374
-
-
total
5 927
16 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
22 206
36 091
15 465
12 235
After tax
44 294
30 409
51 035
54 265
Living cost
32 450
32 450
32 450
32 450
Free-cash
11 844
-2 041
18 585
21 815

Estimated living cost  is ₴32450 per week

₴21102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13363
₴20269
₴15382
₴23392
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 010
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.

-
-
-
19 613
health

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

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

-
-
-
2 909
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.

-
-
-
1 079
total
-
-
-
31 611
Employee

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

25 591
-
66 500
-
health

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

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

2 909
-
2 909
-
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.

166
-
1 079
-
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.

3 009
-
19 613
-
total
6 084
-
23 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 909
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.

338
549
-
-
income
6 136
9 975
-
-
trade
7 016
11 405
-
-
chamber of commerce
122
158
-
-
total
13 612
22 087
-
-
Dividends
27 297
44 413
-
-
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.

366
602
-
-
withholding
6 662
10 941
-
-
total
7 028
11 543
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 724
33 630
23 601
31 611
After tax
39 776
32 870
42 899
34 889
Living cost
19 507
19 507
19 507
19 507
Free-cash
20 269
13 363
23 392
15 382

Estimated living cost  is ₴19507 per week

₴14247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
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.
₴3446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18948
₴21459
₴23044
₴22929
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 716
pensions
-
-
-
12 668
other
-
-
-
2 061
health
-
-
-
2 547
surtax
-
-
-
-
social contributions
-
-
-
1 895
total
-
-
-
28 887
Employee
18 224
-
52 003
-
social contributions
520
-
1 481
-
surtax
-
-
-
-
income
1 076
-
9 635
-
pensions
2 061
-
3 392
-
total
3 657
-
14 508
-
Employer
18 224
-
52 003
-
other
629
-
1 933
-
social contributions
55
-
156
-
unemployment
738
-
2 106
-
pensions
2 994
-
5 752
-
health
1 276
-
4 547
-
total
5 692
-
14 494
-
Corporate
42 585
66 500
-
-
surtax
-
-
-
-
income
11 924
18 620
-
-
total
11 924
18 620
-
-
Dividends
30 661
47 880
-
-
surtax
-
-
-
-
social contributions
5 274
8 235
-
-
withholding
3 925
6 128
-
-
total
9 199
14 363
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 472
32 983
29 002
28 887
After tax
36 028
33 517
37 498
37 613
Living cost
14 569
14 569
14 569
14 569
Free-cash
21 459
18 948
22 929
23 044

Estimated living cost  is ₴14569 per week

₴9186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20392
₴22755
₴24488
₴24373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 716
pensions
-
-
-
12 668
other
-
-
-
2 061
health
-
-
-
2 547
surtax
-
-
-
-
social contributions
-
-
-
1 895
total
-
-
-
28 887
Employee
16 268
-
52 003
-
social contributions
464
-
1 481
-
surtax
-
-
-
-
income
839
-
9 635
-
pensions
1 840
-
3 392
-
total
3 143
-
14 508
-
Employer
16 268
-
52 003
-
other
562
-
1 933
-
social contributions
48
-
156
-
unemployment
659
-
2 106
-
pensions
2 673
-
5 752
-
health
1 139
-
4 547
-
total
5 081
-
14 494
-
Corporate
45 152
66 500
-
-
surtax
-
-
-
-
income
12 643
18 620
-
-
total
12 643
18 620
-
-
Dividends
32 509
47 880
-
-
surtax
-
-
-
-
social contributions
5 591
8 235
-
-
withholding
4 162
6 128
-
-
total
9 753
14 363
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 620
32 983
29 002
28 887
After tax
35 880
33 517
37 498
37 613
Living cost
13 125
13 125
13 125
13 125
Free-cash
22 755
20 392
24 373
24 488

Estimated living cost  is ₴13125 per week

₴7612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31542
₴31762
₴33677
₴32556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
health
-
-
-
4 642
social contributions
-
-
-
9 177
total
-
-
-
23 794
Employee
14 438
-
66 500
-
social contributions
1 993
-
9 177
-
health
1 008
-
4 642
-
income
2 408
-
11 096
-
total
5 409
-
24 915
-
Employer
14 438
-
66 500
-
total
-
-
-
-
Corporate
52 062
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%.

2 603
3 325
-
-
total
2 603
3 325
-
-
Dividends
49 460
63 175
-
-
health
3 452
4 410
-
-
social contributions
6 826
8 718
-
-
withholding
7 419
9 476
-
-
total
17 697
22 604
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 709
25 929
24 915
23 794
After tax
40 791
40 571
41 585
42 706
Living cost
9 029
9 029
9 029
9 029
Free-cash
31 762
31 542
32 556
33 677

Estimated living cost  is ₴9029 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
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.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21870
₴21214
₴19104
₴2407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
266
income
-
-
-
16 422
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
84
total
-
-
-
32 392
Employee
21 280
16 969
51 940
-
other
213
170
498
-
health
823
657
1 925
-
income
2 423
1 252
12 940
-
pensions
2 179
1 737
5 094
-
unemployment
638
509
1 492
-
total
6 276
4 325
21 949
-
Employer
21 280
16 969
51 940
-
accident
276
221
646
-
other
1 011
806
2 448
-
chamber of commerce
85
68
208
-
unemployment
638
509
1 492
-
surtax
84
84
84
-
pensions
2 671
2 130
6 243
-
payroll
638
509
1 558
-
health
804
642
1 880
-
total
6 207
4 969
14 559
-
Corporate
39 012
44 563
50 323
-
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.

9 753
11 141
12 581
-
total
9 753
11 141
12 581
-
Dividends
29 259
33 422
-
-
withholding
8 046
9 191
-
-
total
8 046
9 191
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 282
29 626
49 089
32 392
After tax
36 218
36 874
17 411
34 108
Living cost
15 004
15 004
15 004
15 004
Free-cash
21 214
21 870
2 407
19 104

Estimated living cost  is ₴15004 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21683
₴15297
₴13366
₴8361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
23 888
communal

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

-
-
-
3 369
social contributions
-
-
-
10 351
total
-
-
-
37 608
Employee

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

30 459
-
51 507
-
communal

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

1 589
-
2 687
-
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.

1 431
-
2 421
-
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.

2 284
-
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.

265
-
448
-
national
9 364
-
18 201
-
total
14 933
-
27 620
-
Employer

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

30 459
-
51 507
-
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.

396
-
669
-
unemployment

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

444
-
752
-
surtax
3 454
-
5 841
-
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.

2 699
-
4 563
-
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.

1 873
-
3 168
-
total
8 866
-
14 993
-
Corporate
27 175
66 500
-
-
surtax
109
266
-
-
income
5 435
13 300
-
-
total
5 544
13 566
-
-
Dividends
21 631
52 934
-
-
withholding

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

6 334
15 725
-
-
total
6 334
15 725
-
-
Income
66 500
66 500
66 500
66 500
Total tax
35 677
29 291
42 613
37 608
After tax
30 823
37 209
23 887
28 892
Living cost
15 526
15 526
15 526
15 526
Free-cash
15 297
21 683
8 361
13 366

Estimated living cost  is ₴15526 per week

₴10001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29051
₴25981
₴22037
₴20250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
356
income
-
-
-
17 244
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
29 085
Employee
21 196
-
53 918
-
other
21
-
40
-
income
4 472
-
15 783
-
pensions
996
-
1 855
-
unemployment
329
-
612
-
total
5 818
-
18 290
-
Employer
21 196
-
53 918
-
accident
419
-
781
-
other
169
-
316
-
unemployment
1 166
-
2 170
-
pensions
5 002
-
9 315
-
total
6 756
-
12 582
-
Corporate
38 548
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.

5 783
9 975
-
-
total
5 783
9 975
-
-
Dividends
32 765
56 525
-
-
withholding
6 784
12 096
-
-
total
6 784
12 096
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 141
22 071
30 872
29 085
After tax
41 359
44 429
35 628
37 415
Living cost
15 378
15 378
15 378
15 378
Free-cash
25 981
29 051
20 250
22 037

Estimated living cost  is ₴15378 per week

₴11324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16253
₴11231
₴10690
₴13341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
561
income
-
-
-
9 970
pensions
-
-
-
9 967
health
-
-
-
4 671
surtax
-
-
-
3 297
communal
-
-
-
4 203
total
-
-
-
32 669
Employee
32 247
-
59 401
-
health
1 435
-
2 643
-
surtax
1 977
-
3 640
-
income
3 115
-
11 884
-
pensions
2 579
-
4 752
-
total
9 106
-
22 919
-
Employer
32 247
-
59 401
-
accident
290
-
535
-
pensions
2 579
-
4 752
-
health
983
-
1 812
-
total
3 852
-
7 099
-
Corporate
30 401
66 500
-
-
surtax
319
698
-
-
communal
2 052
4 489
-
-
income
4 560
9 975
-
-
total
6 931
15 162
-
-
Dividends
23 470
51 338
-
-
income
8 718
4 243
-
-
withholding
3 521
7 701
-
-
total
12 239
11 944
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 128
27 106
30 018
32 669
After tax
34 372
39 394
36 482
33 831
Living cost
23 141
23 141
23 141
23 141
Free-cash
11 231
16 253
13 341
10 690

Estimated living cost  is ₴23141 per week

₴17359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
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.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32264
₴30911
₴21994
₴19640
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
16 971
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 473
total
-
-
-
34 942
Employee
14 340
-
54 937
-
other
-
-
-
-
health
366
-
1 401
-
surtax
51
-
2 101
-
income
2 404
-
14 742
-
pensions
957
-
3 665
-
unemployment
998
-
3 824
-
total
4 776
-
25 733
-
Employer
14 340
-
54 937
-
other
-
-
-
-
unemployment
455
-
1 741
-
pensions
1 912
-
7 323
-
health
652
-
2 499
-
total
3 019
-
11 563
-
Corporate
49 141
66 500
-
-
income
12 776
17 290
-
-
total
12 776
17 290
-
-
Dividends
36 365
49 210
-
-
withholding
5 454
7 382
-
-
total
5 454
7 382
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 025
24 672
37 296
34 942
After tax
40 475
41 828
29 204
31 558
Living cost
9 564
9 564
9 564
9 564
Free-cash
30 911
32 264
19 640
21 994

Estimated living cost  is ₴9564 per week

₴5774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23483
₴22538
₴20583
₴17583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 946
social contributions
-
-
-
17 103
total
-
-
-
34 446
Employee
23 621
-
66 500
-
social contributions
7 965
-
22 424
-
regional
318
-
895
-
municipal
125
-
352
-
national
3 742
-
13 775
-
total
12 150
-
37 446
-
Employer
23 621
-
66 500
-
total
-
-
-
-
Corporate
42 879
66 500
-
-
nationa
10 291
15 960
-
-
municipal
2 131
3 305
-
-
total
12 422
19 265
-
-
Dividends
30 458
47 235
-
-
withholding
7 919
12 281
-
-
total
7 919
12 281
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 491
31 546
37 446
34 446
After tax
34 009
34 954
29 054
32 054
Living cost
11 471
11 471
11 471
11 471
Free-cash
22 538
23 483
17 583
20 583

Estimated living cost  is ₴11471 per week

₴7134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33205
₴28718
₴23827
₴21166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
6 425
health
-
-
-
8 978
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
30 093
Employee
18 500
-
49 627
-
social contributions
1 202
-
3 226
-
health
2 497
-
6 700
-
solidarity contribution
-
-
-
-
income
2 220
-
5 955
-
total
5 919
-
15 881
-
Employer
18 500
-
49 627
-
social contributions
4 625
-
12 407
-
health
1 665
-
4 466
-
total
6 290
-
16 873
-
Corporate
41 711
66 500
-
-
income
7 925
12 635
-
-
total
7 925
12 635
-
-
Dividends
33 786
53 865
-
-
withholding
5 068
8 080
-
-
total
5 068
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 202
20 715
32 754
30 093
After tax
41 298
45 785
33 746
36 407
Living cost
12 580
12 580
12 580
12 580
Free-cash
28 718
33 205
21 166
23 827

Estimated living cost  is ₴12580 per week

₴9355
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.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23334
₴23126
₴20607
₴3852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
266
income
-
-
-
16 422
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
-
total
-
-
-
32 308
Employee
18 614
16 969
52 018
-
other
186
170
498
-
health
720
657
1 925
-
income
1 658
1 252
12 973
-
pensions
1 906
1 737
5 094
-
unemployment
558
509
1 492
-
total
5 028
4 325
21 982
-
Employer
18 614
16 969
52 018
-
accident
242
221
646
-
other
884
806
2 452
-
chamber of commerce
74
68
208
-
unemployment
558
509
1 492
-
surtax
-
-
-
-
pensions
2 336
2 130
6 243
-
payroll
558
509
1 560
-
health
704
642
1 880
-
total
5 356
4 885
14 481
-
Corporate
42 530
44 647
50 402
-
income

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

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

10 633
11 162
12 600
-
total
10 633
11 162
12 600
-
Dividends
31 897
33 485
-
-
withholding
8 772
9 209
-
-
total
8 772
9 209
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 789
29 581
49 063
32 308
After tax
36 711
36 919
17 437
34 192
Living cost
13 585
13 585
13 585
13 585
Free-cash
23 126
23 334
3 852
20 607

Estimated living cost  is ₴13585 per week

₴8149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
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.
₴3806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57118
₴55982
₴59778
₴47143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 571
-
66 500
-
income
1 514
-
13 300
-
total
1 514
-
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%.

58 929
66 500
-
-
total
-
-
-
-
Dividends
58 929
66 500
-
-
withholding
2 947
3 325
-
-
total
2 947
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 461
3 325
13 300
665
After tax
62 039
63 175
53 200
65 835
Living cost
6 057
6 057
6 057
6 057
Free-cash
55 982
57 118
47 143
59 778

Estimated living cost  is ₴6057 per week

₴4099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
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.
₴1501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34364
₴30803
₴21491
₴19728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
66 500
income
-
-
-
14 802
pensions
-
-
-
12 144
unemployment
-
-
-
99
health
-
-
-
6 543
total
-
-
-
33 588
Employee

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

18 830
-
57 541
-
health
1 216
-
3 717
-
income
3 247
-
13 675
-
pensions
2 919
-
8 919
-
unemployment
27
-
81
-
total
7 409
-
26 392
-
Employer

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

18 830
-
57 541
-
unemployment
11
-
35
-
pensions
1 666
-
5 092
-
health
1 254
-
3 832
-
total
2 931
-
8 959
-
Corporate
44 739
66 500
-
-
income
8 500
12 635
-
-
total
8 500
12 635
-
-
Dividends
36 239
53 865
-
-
withholding
5 436
8 080
-
-
total
5 436
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 276
20 715
35 351
33 588
After tax
42 224
45 785
31 149
32 912
Living cost
11 421
11 421
11 421
11 421
Free-cash
30 803
34 364
19 728
21 491

Estimated living cost  is ₴11421 per week

₴7838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22001
₴1653
₴27499
₴42415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
12 962
social contributions
-
-
-
7 581
total
-
-
-
20 543
Employee
26 466
-
-
-
social contributions
2 170
-
309
-
income
5 838
-
-
-
total
8 008
-
309
-
Employer
26 466
-
-
-
social contributions
37 317
-
5 318
-
total
37 317
-
5 318
-
Corporate
2 717
66 500
-
-
income
598
14 630
-
-
total
598
14 630
-
-
Dividends
2 119
51 870
-
-
income
466
11 411
-
-
total
466
11 411
-
-
Income
66 500
66 500
66 500
66 500
Total tax
46 389
26 041
5 627
20 543
After tax
20 111
40 459
60 873
45 957
Living cost
18 458
18 458
18 458
18 458
Free-cash
1 653
22 001
42 415
27 499

Estimated living cost  is ₴18458 per week

₴11976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
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.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24469
₴24041
₴22562
₴17761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
66 500
income
-
-
-
7 473
surtax
-
-
-
-
social contributions

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

-
-
-
23 109
total
-
-
-
30 582
Employee
19 584
-
53 737
-
social contributions
2 154
-
5 911
-
surtax
-
-
-
-
income
4 074
-
16 709
-
total
6 228
-
22 620
-
Employer
19 584
-
53 737
-
social contributions
4 651
-
12 763
-
total
4 651
-
12 763
-
Corporate
42 265
66 500
-
-
surtax
-
-
-
-
income
8 876
13 965
-
-
total
8 876
13 965
-
-
Dividends
33 389
52 535
-
-
withholding
9 348
14 710
-
-
total
9 348
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 103
28 675
35 383
30 582
After tax
37 397
37 825
31 117
35 918
Living cost
13 356
13 356
13 356
13 356
Free-cash
24 041
24 469
17 761
22 562

Estimated living cost  is ₴13356 per week

₴9993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12951
₴15877
₴17047
₴16932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 716
pensions
-
-
-
12 668
other
-
-
-
2 061
health
-
-
-
2 547
surtax
-
-
-
-
social contributions
-
-
-
1 895
total
-
-
-
28 887
Employee
26 670
-
52 003
-
social contributions
760
-
1 481
-
surtax
-
-
-
-
income
2 327
-
9 635
-
pensions
3 017
-
3 392
-
total
6 104
-
14 508
-
Employer
26 670
-
52 003
-
other
920
-
1 933
-
social contributions
80
-
156
-
unemployment
1 080
-
2 106
-
pensions
4 382
-
5 752
-
health
1 867
-
4 547
-
total
8 329
-
14 494
-
Corporate
31 501
66 500
-
-
surtax
-
-
-
-
income
8 820
18 620
-
-
total
8 820
18 620
-
-
Dividends
22 681
47 880
-
-
surtax
-
-
-
-
social contributions
3 901
8 235
-
-
withholding
2 903
6 128
-
-
total
6 804
14 363
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 057
32 983
29 002
28 887
After tax
36 443
33 517
37 498
37 613
Living cost
20 566
20 566
20 566
20 566
Free-cash
15 877
12 951
16 932
17 047

Estimated living cost  is ₴20566 per week

₴13919
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.
₴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.
₴4683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47050
₴45619
₴36469
₴38235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
2 601
social contributions
-
-
-
14 630
total
-
-
-
17 231
Employee
13 689
-
57 576
-
income
-
-
2 798
-
social contributions
890
-
3 743
-
total
890
-
6 541
-
Employer
13 689
-
57 576
-
social contributions
2 122
-
8 924
-
total
2 122
-
8 924
-
Corporate
50 689
66 500
-
-
income
5 069
6 650
-
-
total
5 069
6 650
-
-
Dividends
45 620
59 850
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
8 081
6 650
15 465
17 231
After tax
58 419
59 850
51 035
49 269
Living cost
12 800
12 800
12 800
12 800
Free-cash
45 619
47 050
38 235
36 469

Estimated living cost  is ₴12800 per week

₴8276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
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.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26285
-₴26285
₴19203
-₴26285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 600
pensions
-
-
-
369
national
-
-
-
7 529
labour market
-
-
-
5 290
total
-
-
-
26 788
Employee
86 566
86 566
86 566
-
labour market
6 915
6 915
6 915
-
national
10 576
10 576
10 576
-
municipal
18 434
18 434
18 434
-
pensions
123
123
123
-
total
36 048
36 048
36 048
-
Employer
86 566
86 566
86 566
-
labour market
6 925
6 925
6 925
-
municipal
18 463
18 463
18 463
-
pensions
246
246
246
-
national
10 594
10 594
10 594
-
total
36 228
36 228
36 228
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
72 276
72 276
72 276
26 788
After tax
-5 776
-5 776
-5 776
39 712
Living cost
20 509
20 509
20 509
20 509
Free-cash
-26 285
-26 285
-26 285
19 203

Estimated living cost  is ₴20509 per week

₴14037
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.
₴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.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3752
₴3985
₴36349
₴26710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
106
income
-
-
-
18 076
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
21 012
Employee
14 377
-
59 407
-
health
1 646
-
6 802
-
income
1 972
-
13 540
-
pensions
1 619
-
3 217
-
total
5 237
-
23 559
-
Employer
14 377
-
59 407
-
accident
240
-
992
-
unemployment
352
-
1 455
-
pensions
2 338
-
4 645
-
total
2 930
-
7 092
-
Corporate
49 193
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.

44 274
59 850
-
-
total
44 274
59 850
-
-
Dividends
4 919
6 650
-
-
withholding
935
1 263
-
-
total
935
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
53 376
61 113
30 651
21 012
After tax
13 124
5 387
35 849
45 488
Living cost
9 139
9 139
9 139
9 139
Free-cash
3 985
-3 752
26 710
36 349

Estimated living cost  is ₴9139 per week

₴6652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴25850
₴26717
₴27780
₴19077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 818
health
-
-
-
846
national
-
-
-
9 708
total
-
-
-
22 372
Employee
22 403
-
55 943
-
health
167
-
684
-
municipal
3 669
-
9 116
-
pensions
1 512
-
3 776
-
unemployment
336
-
839
-
national
370
-
6 103
-
total
6 054
-
20 518
-
Employer
22 403
-
55 943
-
accident
23
-
56
-
unemployment
145
-
364
-
pensions
3 887
-
9 706
-
health
172
-
431
-
total
4 227
-
10 557
-
Corporate
39 870
66 500
-
-
income
7 974
13 300
-
-
total
7 974
13 300
-
-
Dividends

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

23 922
39 900
-
-
national
874
3 820
-
-
municipal
4 306
7 182
-
-
total
5 180
11 002
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 435
24 302
31 075
22 372
After tax
43 065
42 198
35 425
44 128
Living cost
16 348
16 348
16 348
16 348
Free-cash
26 717
25 850
19 077
27 780

Estimated living cost  is ₴16348 per week

₴10679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴38680
₴36364
₴36019
₴35412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
12 036
health
-
-
-
1 696
social contributions
-
-
-
6 890
total
-
-
-
20 622
Employee
32 743
32 743
61 694
-
social contributions
1 238
2 718
3 665
-
health
254
557
1 049
-
income
3 565
3 031
11 709
-
total
5 057
6 306
16 423
-
Employer
32 743
32 743
61 694
-
social contributions
1 238
2 718
3 665
-
health
276
606
1 141
-
total
1 514
3 324
4 806
-
Corporate
50 071
30 433
-
-
income
6 258
3 804
-
-
total
6 258
3 804
-
-
Dividends
43 812
26 629
-
-
withholding
7 448
4 527
-
-
total
7 448
4 527
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 277
17 961
21 229
20 622
After tax
46 223
48 539
45 271
45 878
Living cost
9 859
9 859
9 859
9 859
Free-cash
36 364
38 680
35 412
36 019

Estimated living cost  is ₴9859 per week

₴5909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴48308
₴46143
₴48781
₴40242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
66 500
income
-
-
-
6 696
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
10 958
Employee

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

9 774
-
62 338
-
health
831
-
3 434
-
income
668
-
5 640
-
pensions
1 466
-
6 060
-
unemployment
48
-
202
-
total
3 013
-
15 336
-
Employer

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

9 774
-
62 338
-
unemployment
48
-
202
-
pensions
537
-
2 222
-
health
420
-
1 737
-
total
1 005
-
4 161
-
Corporate
55 720
66 500
-
-
income
5 015
5 985
-
-
total
5 015
5 985
-
-
Dividends
50 705
60 515
-
-
withholding
4 563
5 446
-
-
total
4 563
5 446
-
-
Income
66 500
66 500
66 500
66 500
Total tax
13 596
11 431
19 497
10 958
After tax
52 904
55 069
47 003
55 542
Living cost
6 761
6 761
6 761
6 761
Free-cash
46 143
48 308
40 242
48 781

Estimated living cost  is ₴6761 per week

₴4313
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.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32720
₴30811
₴25706
₴23919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
356
income
-
-
-
17 244
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
29 085
Employee
15 745
-
53 918
-
other
15
-
40
-
income
3 035
-
15 783
-
pensions
740
-
1 855
-
unemployment
244
-
612
-
total
4 034
-
18 290
-
Employer
15 745
-
53 918
-
accident
312
-
781
-
other
126
-
316
-
unemployment
866
-
2 170
-
pensions
3 715
-
9 315
-
total
5 019
-
12 582
-
Corporate
45 735
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.

6 860
9 975
-
-
total
6 860
9 975
-
-
Dividends
38 875
56 525
-
-
withholding
8 067
12 096
-
-
total
8 067
12 096
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 980
22 071
30 872
29 085
After tax
42 520
44 429
35 628
37 415
Living cost
11 709
11 709
11 709
11 709
Free-cash
30 811
32 720
23 919
25 706

Estimated living cost  is ₴11709 per week

₴7904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40326
₴40133
₴41368
₴41286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
22 490
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
23 962
Employee
1 782
-
65 540
-
health
89
-
213
-
income
345
-
22 445
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
23 085
-
Employer
1 782
-
65 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
64 318
66 500
-
-
income
14 150
14 630
-
-
total
14 150
14 630
-
-
Dividends
50 168
51 870
-
-
withholding
10 034
10 374
-
-
total
10 034
10 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 197
25 004
24 044
23 962
After tax
41 303
41 496
42 456
42 538
Living cost
1 170
1 170
1 170
1 170
Free-cash
40 133
40 326
41 286
41 368

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴40679
₴38585
₴32387
₴32388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
66 500
income
-
-
-
14 846
pensions
-
-
-
8 185
unemployment
-
-
-
472
health
-
-
-
3 243
total
-
-
-
26 746
Employee

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

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

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

11 109
-
60 865
-
health
572
-
1 621
-
income
1 531
-
14 846
-
pensions
1 555
-
4 407
-
unemployment
83
-
236
-
total
3 741
-
21 110
-
Employer

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

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

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

11 109
-
60 865
-
unemployment
83
-
236
-
pensions
1 333
-
3 778
-
health
572
-
1 621
-
total
1 988
-
5 635
-
Corporate
53 402
66 500
-
-
income
8 010
9 975
-
-
total
8 010
9 975
-
-
Dividends
45 392
56 525
-
-
withholding
6 809
8 479
-
-
total
6 809
8 479
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 548
18 454
26 745
26 746
After tax
45 952
48 046
39 755
39 754
Living cost
7 367
7 367
7 367
7 367
Free-cash
38 585
40 679
32 388
32 387

Estimated living cost  is ₴7367 per week

₴4960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26345
₴26192
₴24438
₴19637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
66 500
income
-
-
-
7 473
surtax
-
-
-
-
social contributions

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

-
-
-
23 109
total
-
-
-
30 582
Employee
16 527
-
53 737
-
social contributions
1 818
-
5 911
-
surtax
-
-
-
-
income
3 229
-
16 709
-
total
5 047
-
22 620
-
Employer
16 527
-
53 737
-
social contributions
3 925
-
12 763
-
total
3 925
-
12 763
-
Corporate
46 048
66 500
-
-
surtax
-
-
-
-
income
9 670
13 965
-
-
total
9 670
13 965
-
-
Dividends
36 378
52 535
-
-
withholding
10 186
14 710
-
-
total
10 186
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 828
28 675
35 383
30 582
After tax
37 672
37 825
31 117
35 918
Living cost
11 480
11 480
11 480
11 480
Free-cash
26 192
26 345
19 637
24 438

Estimated living cost  is ₴11480 per week

₴8131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
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.
₴2348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29464
₴26541
₴22450
₴20663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
356
income
-
-
-
17 244
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
29 085
Employee
20 565
-
53 918
-
other
20
-
40
-
income
4 295
-
15 783
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
18 290
-
Employer
20 565
-
53 918
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
39 378
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.

5 907
9 975
-
-
total
5 907
9 975
-
-
Dividends
33 472
56 525
-
-
withholding
6 932
12 096
-
-
total
6 932
12 096
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 994
22 071
30 872
29 085
After tax
41 506
44 429
35 628
37 415
Living cost
14 965
14 965
14 965
14 965
Free-cash
26 541
29 464
20 663
22 450

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49528
₴46929
₴45220
₴47736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
13 950
Employee
9 706
-
63 580
-
health
447
-
685
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
income
971
-
6 358
-
pensions

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

852
-
1 307
-
total
2 377
-
8 514
-
Employer
9 706
-
63 580
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
pensions

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

1 070
-
1 640
-
health
670
-
1 027
-
total
1 905
-
2 920
-
Corporate
54 890
66 500
-
-
income
5 489
6 650
-
-
total
5 489
6 650
-
-
Dividends
49 401
59 850
-
-
withholding
2 470
2 992
-
-
total
2 470
2 992
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 241
9 642
11 434
13 950
After tax
54 259
56 858
55 066
52 550
Living cost
7 330
7 330
7 330
7 330
Free-cash
46 929
49 528
47 736
45 220

Estimated living cost  is ₴7330 per week

₴4848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17799
₴23370
₴19757
₴26459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 702
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.

-
-
-
19 613
health

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

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

-
-
-
2 909
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.

-
-
-
1 079
total
-
-
-
30 303
Employee

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

21 187
-
66 500
-
health

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

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

2 909
-
2 909
-
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.

96
-
1 079
-
income

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

1 742
-
19 613
-
total
4 747
-
23 601
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 313
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.

374
549
-
-
income
6 797
9 975
-
-
trade
6 502
9 542
-
-
chamber of commerce
131
162
-
-
total
13 804
20 228
-
-
Dividends
31 509
46 272
-
-
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.

424
627
-
-
withholding
7 715
11 406
-
-
total
8 139
12 033
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 690
32 261
23 601
30 303
After tax
39 810
34 239
42 899
36 197
Living cost
16 440
16 440
16 440
16 440
Free-cash
23 370
17 799
26 459
19 757

Estimated living cost  is ₴16440 per week

₴11340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22293
₴23235
₴11784
₴11784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
19 562
social contributions
-
-
-
10 898
total
-
-
-
30 460
Employee
33 308
-
66 500
-
income
6 285
-
19 562
-
social contributions
2 767
-
10 898
-
total
9 052
-
30 460
-
Employer
33 308
-
66 500
-
total
-
-
-
-
Corporate
33 192
66 500
-
-
income
4 149
8 313
-
-
total
4 149
8 313
-
-
Dividends
29 043
58 187
-
-
withholding
5 808
11 638
-
-
total
5 808
11 638
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 009
19 951
30 460
30 460
After tax
47 491
46 549
36 040
36 040
Living cost
24 256
24 256
24 256
24 256
Free-cash
23 235
22 293
11 784
11 784

Estimated living cost  is ₴24256 per week

₴18454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25518
₴27006
₴36064
₴32344
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
66 500
income
-
-
-
12 121
health

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

-
-
-
2 858
total
-
-
-
14 979
Employee
19 534
-
64 541
-
income
2 120
-
14 781
-
social contributions
1 957
-
1 959
-
total
4 077
-
16 740
-
Employer
19 534
-
64 541
-
social contributions
1 957
-
1 959
-
total
1 957
-
1 959
-
Corporate
45 009
66 500
-
-
income
15 753
23 275
-
-
total
15 753
23 275
-
-
Dividends
29 256
43 225
-
-
social contributions
2 250
2 250
-
-
total
2 250
2 250
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 037
25 525
18 699
14 979
After tax
42 463
40 975
47 801
51 521
Living cost
15 457
15 457
15 457
15 457
Free-cash
27 006
25 518
32 344
36 064

Estimated living cost  is ₴15457 per week

₴10182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
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.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28560
₴31104
₴28828
₴22758
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
18 029
pensions
-
-
-
3 682
total
-
-
-
21 711
Employee
21 908
-
58 176
-
health
286
-
879
-
income
3 990
-
13 983
-
pensions
1 672
-
4 596
-
total
5 948
-
19 458
-
Employer
21 908
-
58 176
-
pensions
2 213
-
7 218
-
health
416
-
1 105
-
total
2 629
-
8 323
-
Corporate
41 962
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.

7 973
12 635
-
-
total
7 973
12 635
-
-
Dividends
33 989
53 865
-
-
withholding
2 885
9 344
-
-
total
2 885
9 344
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 435
21 979
27 781
21 711
After tax
47 065
44 521
38 719
44 789
Living cost
15 961
15 961
15 961
15 961
Free-cash
31 104
28 560
22 758
28 828

Estimated living cost  is ₴15961 per week

₴10949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4657
₴3846
₴35444
₴25805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
accident
-
-
-
106
income
-
-
-
18 076
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
21 012
Employee
15 800
-
59 407
-
health
1 809
-
6 802
-
income
2 168
-
13 540
-
pensions
1 779
-
3 217
-
total
5 756
-
23 559
-
Employer
15 800
-
59 407
-
accident
264
-
992
-
unemployment
387
-
1 455
-
pensions
2 569
-
4 645
-
total
3 220
-
7 092
-
Corporate
47 480
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.

42 732
59 850
-
-
total
42 732
59 850
-
-
Dividends
4 748
6 650
-
-
withholding
902
1 263
-
-
total
902
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
52 610
61 113
30 651
21 012
After tax
13 890
5 387
35 849
45 488
Living cost
10 044
10 044
10 044
10 044
Free-cash
3 846
-4 657
25 805
35 444

Estimated living cost  is ₴10044 per week

₴7371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴50209
₴48217
₴31625
₴40550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
333
health insurance
-
-
-
4 921
income
-
-
-
10 836
pensions
-
-
-
12 236
unemployment
-
-
-
798
total
-
-
-
29 124
Employee

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

9 202
-
66 500
-
work injury
46
-
170
-
income
920
-
10 836
-
pensions
1 693
-
6 265
-
health insurance
681
-
2 519
-
unemployment
110
-
409
-
total
3 450
-
20 199
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 298
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%.

573
665
-
-
total
573
665
-
-
Dividends
56 725
65 835
-
-
withholding
8 509
9 875
-
-
total
8 509
9 875
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 532
10 540
20 199
29 124
After tax
53 968
55 960
46 301
37 376
Living cost
5 751
5 751
5 751
5 751
Free-cash
48 217
50 209
40 550
31 625

Estimated living cost  is ₴5751 per week

₴3563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18064
₴16127
₴14530
₴11602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 514
national
-
-
-
15 946
social contributions
-
-
-
17 103
total
-
-
-
35 007
Employee
35 882
-
66 500
-
social contributions
12 099
-
22 424
-
regional
542
-
1 339
-
municipal
214
-
397
-
national
6 064
-
13 775
-
total
18 919
-
37 935
-
Employer
35 882
-
66 500
-
total
-
-
-
-
Corporate
30 618
66 500
-
-
nationa
7 349
15 960
-
-
municipal
1 476
3 206
-
-
total
8 825
19 166
-
-
Dividends
21 794
47 334
-
-
withholding
5 666
12 307
-
-
total
5 666
12 307
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 410
31 473
37 935
35 007
After tax
33 090
35 027
28 565
31 493
Living cost
16 963
16 963
16 963
16 963
Free-cash
16 127
18 064
11 602
14 530

Estimated living cost  is ₴16963 per week

₴11916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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