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
₴18465
₴28796
₴21976
₴23983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
66 500
income

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

-
-
-
18 185
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.

-
-
-
1 000
health

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

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

-
-
-
3 408
trade
-
-
-
6 820
total
-
-
-
29 413
Employee

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

19 082
-
66 500
-
surtax

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

29
-
1 000
-
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.

533
-
18 185
-
health

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

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

3 408
-
3 408
-
total
3 970
-
22 593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 418
66 500
-
-
income
7 113
9 975
-
-
surtax

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

391
548
-
-
chamber of commerce
144
171
-
-
trade
7 468
10 474
-
-
total
15 116
21 168
-
-
Dividends
32 302
45 332
-
-
surtax

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

434
613
-
-
withholding
7 886
11 143
-
-
total
8 320
11 756
-
-
Income
66 500
66 500
66 500
66 500
Total tax
27 406
32 924
22 593
29 413
After tax
39 094
33 576
43 907
37 087
Living cost
15 111
15 111
15 111
15 111
Free-cash
23 983
18 465
28 796
21 976

Estimated living cost  is ₴15111 per week

₴9505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1762
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.
₴3562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14882
₴13608
₴13086
₴14439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
715
municipal
-
-
-
7 101
national
-
-
-
11 004
pensions
-
-
-
7 980
total
-
-
-
26 800
Employee
41 256
-
57 489
-
municipal
5 096
-
7 358
-
pensions
1 650
-
2 300
-
national
7 896
-
11 403
-
total
14 642
-
21 061
-
Employer
41 256
-
57 489
-
pensions
3 301
-
4 599
-
social contributions
444
-
618
-
total
3 745
-
5 217
-
Corporate
18 777
66 500
-
-
income

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

3 755
13 300
-
-
total
3 755
13 300
-
-
Dividends
15 021
53 200
-
-
withholding
3 305
11 704
-
-
total
3 305
11 704
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 447
25 004
26 278
26 800
After tax
41 053
41 496
40 222
39 700
Living cost
26 614
26 614
26 614
26 614
Free-cash
14 439
14 882
13 608
13 086

Estimated living cost  is ₴26614 per week

₴18089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2474
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.
₴5652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42821
₴26915
₴9718
₴38728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
66 500
income
-
-
-
10 331
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.

-
-
-
19 115
microenterprise
-
-
-
-
total
-
-
-
46 403
Employee
14 578
-
53 590
-
surtax
-
-
-
-
social contributions

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

1 604
-
5 894
-
income
2 595
-
10 402
-
total
4 199
-
16 296
-
Employer
14 578
-
53 590
-
social contributions

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

3 512
-
12 910
-
surtax
-
-
-
-
total
3 512
-
12 910
-
Corporate
48 410
66 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

9 682
13 300
-
-
total
9 682
13 300
-
-
Dividends

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

38 728
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
17 393
13 300
29 206
46 403
After tax
49 107
53 200
37 294
20 097
Living cost
10 379
10 379
10 379
10 379
Free-cash
38 728
42 821
26 915
9 718

Estimated living cost  is ₴10379 per week

₴6622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2534
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11706
₴17357
₴17301
₴8648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 302
health
-
-
-
6 152
pensions
-
-
-
5 845
total
-
-
-
28 299
Employee
42 604
42 604
57 228
-
pensions
7 669
5 845
5 845
-
income

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

6 974
6 974
6 974
-
health
6 539
5 562
6 152
-
total
21 182
18 381
18 971
-
Employer
42 604
42 604
57 228
-
health
2 961
2 961
3 680
-
pensions
2 965
2 965
3 686
-
unemployment
1 534
1 534
1 906
-
total
7 460
7 460
9 272
-
Corporate
16 958
16 436
-
-
income
3 391
3 287
-
-
total
3 391
3 287
-
-
Dividends
13 567
13 149
-
-
income
2 883
2 794
-
-
withholding
2 036
1 972
-
-
total
4 919
4 766
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 952
33 894
28 243
28 299
After tax
29 548
32 606
38 257
38 201
Living cost
20 900
20 900
20 900
20 900
Free-cash
8 648
11 706
17 357
17 301

Estimated living cost  is ₴20900 per week

₴14811
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16165
₴14601
₴15145
₴15714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 130
unemployment
-
-
-
44
health
-
-
-
2 755
municipal
-
-
-
16 016
national
-
-
-
2 405
pensions
-
-
-
4 773
total
-
-
-
31 211
Employee
28 704
-
52 628
-
municipal
8 559
-
15 694
-
national
-
-
2 189
-
total
8 559
-
17 883
-
Employer
28 704
-
52 628
-
health
1 765
-
2 715
-
pensions
3 103
-
4 773
-
accident
57
-
88
-
unemployment
758
-
1 166
-
other
3 335
-
5 130
-
total
9 018
-
13 872
-
Corporate
28 778
66 500
-
-
income
6 331
14 630
-
-
total
6 331
14 630
-
-
Dividends
22 447
51 870
-
-
withholding
6 734
15 561
-
-
total
6 734
15 561
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 642
30 191
31 755
31 211
After tax
35 858
36 309
34 745
35 289
Living cost
20 144
20 144
20 144
20 144
Free-cash
15 714
16 165
14 601
15 145

Estimated living cost  is ₴20144 per week

₴13351
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.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13635
₴24308
₴17185
₴20645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
66 500
income

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

-
-
-
18 185
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.

-
-
-
1 000
health

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

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

-
-
-
3 408
trade
-
-
-
7 123
total
-
-
-
29 716
Employee

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

25 300
-
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.

119
-
1 000
-
income

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

2 174
-
18 185
-
health

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

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

3 408
-
3 408
-
total
5 701
-
22 593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 200
66 500
-
-
income
6 180
9 975
-
-
surtax

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

340
548
-
-
chamber of commerce
134
170
-
-
trade
6 778
10 939
-
-
total
13 432
21 632
-
-
Dividends
27 767
44 868
-
-
surtax

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

371
607
-
-
withholding
6 752
11 027
-
-
total
7 123
11 634
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 256
33 266
22 593
29 716
After tax
40 244
33 234
43 907
36 784
Living cost
19 599
19 599
19 599
19 599
Free-cash
20 645
13 635
24 308
17 185

Estimated living cost  is ₴19599 per week

₴13108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32400
₴29647
₴30337
₴30331
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
10 213
social contributions
-
-
-
8 072
health
-
-
-
1 696
total
-
-
-
19 981
Employee
38 363
38 363
61 076
-
social contributions
1 864
3 184
4 294
-
income
4 028
3 551
9 915
-
health
382
652
1 039
-
total
6 274
7 387
15 248
-
Employer
38 363
38 363
61 076
-
health
416
710
1 129
-
social contributions
1 864
3 184
4 294
-
total
2 280
3 894
5 423
-
Corporate
41 764
24 243
-
-
income
5 220
3 031
-
-
total
5 220
3 031
-
-
Dividends
36 544
21 213
-
-
withholding
6 213
3 606
-
-
total
6 213
3 606
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 987
17 918
20 671
19 981
After tax
46 513
48 582
45 829
46 519
Living cost
16 182
16 182
16 182
16 182
Free-cash
30 331
32 400
29 647
30 337

Estimated living cost  is ₴16182 per week

₴11062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28463
₴29615
₴37131
₴28648
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 899
5 134
55 649
-
unemployment
193
77
835
-
pensions
1 290
513
5 565
-
income
1 577
628
6 803
-
health
903
359
3 895
-
total
3 963
1 577
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.

12 899
5 134
55 649
-
pensions
2 515
1 001
10 851
-
total
2 515
1 001
10 851
-
Corporate
51 086
60 365
-
-
income
4 598
5 433
-
-
total
4 598
5 433
-
-
Dividends
46 488
54 932
-
-
social contributions
9 007
10 653
-
-
withholding
8 833
10 437
-
-
total
17 840
21 090
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 916
29 101
27 949
20 433
After tax
37 584
37 399
38 551
46 067
Living cost
8 936
8 936
8 936
8 936
Free-cash
28 648
28 463
29 615
37 131

Estimated living cost  is ₴8936 per week

₴6098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
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.
₴1928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41150
₴26280
₴23594
₴38050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
8 911
health
-
-
-
8 645
pensions
-
-
-
13 300
total
-
-
-
30 856
Employee
14 153
-
49 700
-
unemployment
226
-
795
-
pensions
283
-
994
-
income
1 593
-
9 582
-
total
2 102
-
11 371
-
Employer
14 153
-
49 700
-
health
1 840
-
6 461
-
pensions
2 831
-
9 940
-
unemployment
114
-
398
-
total
4 785
-
16 799
-
Corporate
47 563
66 500
-
-
income
9 513
13 300
-
-
total
9 513
13 300
-
-
Dividends
38 050
53 200
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
16 400
13 300
28 170
30 856
After tax
50 100
53 200
38 330
35 644
Living cost
12 050
12 050
12 050
12 050
Free-cash
38 050
41 150
26 280
23 594

Estimated living cost  is ₴12050 per week

₴8265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
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.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5749
₴24188
₴34405
₴3679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
17 433
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
20 959
Employee
17 518
-
58 512
-
pensions
1 973
-
3 862
-
income
2 403
-
12 626
-
health
2 006
-
6 700
-
total
6 382
-
23 188
-
Employer
17 518
-
58 512
-
pensions
2 848
-
5 577
-
accident
292
-
977
-
unemployment
429
-
1 434
-
total
3 569
-
7 988
-
Corporate
45 412
66 500
-
-
income

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

40 871
59 850
-
-
total
40 871
59 850
-
-
Dividends
4 541
6 650
-
-
withholding
863
1 263
-
-
total
863
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 685
61 113
31 176
20 959
After tax
14 815
5 387
35 324
45 541
Living cost
11 136
11 136
11 136
11 136
Free-cash
3 679
-5 749
24 188
34 405

Estimated living cost  is ₴11136 per week

₴8162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
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.
₴2125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴59155
₴49180
₴61815
₴58401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
66 500
microenterprise

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

-
-
-
665
total
-
-
-
665
Employee
5 025
-
66 500
-
income
1 005
-
13 300
-
total
1 005
-
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%.

61 475
66 500
-
-
total
-
-
-
-
Dividends
61 475
66 500
-
-
withholding
3 074
3 325
-
-
total
3 074
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 079
3 325
13 300
665
After tax
62 421
63 175
53 200
65 835
Living cost
4 020
4 020
4 020
4 020
Free-cash
58 401
59 155
49 180
61 815

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35564
₴24910
₴22160
₴32192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 003
other
-
-
-
3 158
health
-
-
-
2 926
pensions

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

-
-
-
15 959
total
-
-
-
31 046
Employee
18 114
-
53 116
-
unemployment
181
-
531
-
pensions

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

1 268
-
3 718
-
income
3 119
-
9 920
-
health
254
-
743
-
total
4 822
-
14 912
-
Employer
18 114
-
53 116
-
health
254
-
743
-
pensions

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

3 080
-
9 029
-
accident
145
-
425
-
unemployment
181
-
531
-
other
906
-
2 656
-
total
4 566
-
13 384
-
Corporate
43 820
66 500
-
-
income
9 202
13 965
-
-
total
9 202
13 965
-
-
Dividends
34 618
52 535
-
-
withholding
2 424
3 677
-
-
total
2 424
3 677
-
-
Income
66 500
66 500
66 500
66 500
Total tax
21 014
17 642
28 296
31 046
After tax
45 486
48 858
38 204
35 454
Living cost
13 294
13 294
13 294
13 294
Free-cash
32 192
35 564
24 910
22 160

Estimated living cost  is ₴13294 per week

₴9393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴12364
₴6081
₴12220
₴9430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 694
pensions
-
-
-
4 073
total
-
-
-
20 767
Employee
47 416
-
58 293
-
pensions
4 574
-
5 169
-
income
8 547
-
12 601
-
health
781
-
929
-
total
13 902
-
18 699
-
Employer
47 416
-
58 293
-
health
901
-
1 108
-
pensions
5 598
-
7 099
-
total
6 499
-
8 207
-
Corporate
12 585
66 500
-
-
income

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

2 391
12 635
-
-
total
2 391
12 635
-
-
Dividends
10 194
53 865
-
-
withholding
765
7 988
-
-
total
765
7 988
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 557
20 623
26 906
20 767
After tax
42 943
45 877
39 594
45 733
Living cost
33 513
33 513
33 513
33 513
Free-cash
9 430
12 364
6 081
12 220

Estimated living cost  is ₴33513 per week

₴25112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴50314
₴47704
₴45328
₴47997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
unemployment
-
-
-
70
health
-
-
-
2 004
pensions

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

-
-
-
2 580
total
-
-
-
14 629
Employee
8 663
-
63 080
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

761
-
1 530
-
income
866
-
6 308
-
health
398
-
802
-
total
2 120
-
8 832
-
Employer
8 663
-
63 080
-
health
598
-
1 203
-
pensions

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

955
-
1 921
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
unemployment
52
-
105
-
total
1 700
-
3 421
-
Corporate
56 137
66 500
-
-
income
5 614
6 650
-
-
total
5 614
6 650
-
-
Dividends
50 523
59 850
-
-
withholding
2 526
2 993
-
-
total
2 526
2 993
-
-
Income
66 500
66 500
66 500
66 500
Total tax
11 960
9 643
12 253
14 629
After tax
54 540
56 857
54 247
51 871
Living cost
6 543
6 543
6 543
6 543
Free-cash
47 997
50 314
47 704
45 328

Estimated living cost  is ₴6543 per week

₴3820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4941
₴10592
₴10536
₴6196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 302
health
-
-
-
6 152
pensions
-
-
-
5 845
total
-
-
-
28 299
Employee
46 254
42 604
57 228
-
pensions
5 845
5 845
5 845
-
income

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

6 974
6 974
6 974
-
health
5 770
5 562
6 152
-
total
18 589
18 381
18 971
-
Employer
46 254
42 604
57 228
-
health
3 214
2 961
3 680
-
pensions
3 219
2 965
3 686
-
unemployment
1 665
1 534
1 906
-
total
8 098
7 460
9 272
-
Corporate
12 147
16 436
-
-
income
2 429
3 287
-
-
total
2 429
3 287
-
-
Dividends
9 718
13 149
-
-
income
2 065
2 794
-
-
withholding
1 458
1 972
-
-
total
3 523
4 766
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 639
33 894
28 243
28 299
After tax
33 861
32 606
38 257
38 201
Living cost
27 665
27 665
27 665
27 665
Free-cash
6 196
4 941
10 592
10 536

Estimated living cost  is ₴27665 per week

₴20407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4470
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33594
₴21555
₴21791
₴29246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
5 997
social contributions
-
-
-
17 543
solidarity contribution
-
-
-
-
health
-
-
-
8 978
total
-
-
-
32 518
Employee
17 928
-
49 627
-
solidarity contribution
-
-
-
-
social contributions
1 165
-
3 226
-
income
2 151
-
5 955
-
health
2 420
-
6 700
-
total
5 736
-
15 881
-
Employer
17 928
-
49 627
-
health
1 614
-
4 466
-
social contributions
4 482
-
12 407
-
total
6 096
-
16 873
-
Corporate
42 476
66 500
-
-
income
8 070
12 635
-
-
total
8 070
12 635
-
-
Dividends
34 406
53 865
-
-
withholding
5 161
8 080
-
-
total
5 161
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 063
20 715
32 754
32 518
After tax
41 437
45 785
33 746
33 982
Living cost
12 191
12 191
12 191
12 191
Free-cash
29 246
33 594
21 555
21 791

Estimated living cost  is ₴12191 per week

₴8468
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.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14429
₴8736
₴11900
₴11824
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
17 104
regional
-
-
-
763
municipal
-
-
-
395
national
-
-
-
15 286
total
-
-
-
33 548
Employee
44 339
-
66 500
-
municipal
235
-
352
-
national
7 683
-
13 265
-
regional
418
-
671
-
social contributions
14 951
-
22 424
-
total
23 287
-
36 712
-
Employer
44 339
-
66 500
-
total
-
-
-
-
Corporate
22 161
66 500
-
-
municipal
864
2 593
-
-
nationa
5 319
15 960
-
-
total
6 183
18 553
-
-
Dividends
15 978
47 946
-
-
withholding
4 154
12 466
-
-
total
4 154
12 466
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 624
31 019
36 712
33 548
After tax
32 876
35 481
29 788
32 952
Living cost
21 052
21 052
21 052
21 052
Free-cash
11 824
14 429
8 736
11 900

Estimated living cost  is ₴21052 per week

₴14675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30819
₴19454
₴20556
₴29267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
14 758
other
-
-
-
-
surtax
-
-
-
2 042
unemployment
-
-
-
114
health
-
-
-
4 721
pensions
-
-
-
13 300
total
-
-
-
34 935
Employee
16 498
-
54 936
-
other
-
-
-
-
unemployment
1 148
-
3 824
-
pensions
1 100
-
3 664
-
surtax
54
-
1 869
-
income
2 765
-
13 716
-
health
421
-
1 401
-
total
5 488
-
24 474
-
Employer
16 498
-
54 936
-
health
751
-
2 499
-
pensions
2 199
-
7 323
-
unemployment
523
-
1 741
-
other
-
-
-
-
total
3 473
-
11 563
-
Corporate
46 529
66 500
-
-
income
12 098
17 290
-
-
total
12 098
17 290
-
-
Dividends
34 431
49 210
-
-
withholding
5 165
7 382
-
-
total
5 165
7 382
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 224
24 672
36 037
34 935
After tax
40 276
41 828
30 463
31 565
Living cost
11 009
11 009
11 009
11 009
Free-cash
29 267
30 819
19 454
20 556

Estimated living cost  is ₴11009 per week

₴6731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
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.
₴3008
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22982
₴16699
₴22838
₴22987
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 694
pensions
-
-
-
4 073
total
-
-
-
20 767
Employee
31 777
-
58 293
-
pensions
2 697
-
5 169
-
income
5 723
-
12 601
-
health
461
-
929
-
total
8 881
-
18 699
-
Employer
31 777
-
58 293
-
health
604
-
1 108
-
pensions
3 440
-
7 099
-
total
4 044
-
8 207
-
Corporate
30 680
66 500
-
-
income

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

5 829
12 635
-
-
total
5 829
12 635
-
-
Dividends
24 851
53 865
-
-
withholding
1 864
7 988
-
-
total
1 864
7 988
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 618
20 623
26 906
20 767
After tax
45 882
45 877
39 594
45 733
Living cost
22 895
22 895
22 895
22 895
Free-cash
22 987
22 982
16 699
22 838

Estimated living cost  is ₴22895 per week

₴17153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴9042
₴12093
₴15361
₴7838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
other

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

-
-
-
1 330
regional
-
-
-
2 712
health
-
-
-
150
city
-
-
-
701
national
-
-
-
678
pensions
-
-
-
6 118
total
-
-
-
11 689
Employee
46 167
-
59 522
-
unemployment
-
-
-
-
pensions
3 879
-
4 999
-
national
219
-
532
-
regional
1 512
-
2 329
-
city
495
-
639
-
health
104
-
134
-
total
6 209
-
8 633
-
Employer
46 167
-
59 522
-
health
104
-
134
-
pensions
3 879
-
4 999
-
unemployment
-
-
-
-
other

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

923
-
1 191
-
total
4 906
-
6 324
-
Corporate
14 919
66 500
-
-
regional
3 155
14 065
-
-
national
1 269
5 653
-
-
total
4 424
19 718
-
-
Dividends
10 495
46 782
-
-
withholding
3 673
16 374
-
-
total
3 673
16 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 212
36 092
14 957
11 689
After tax
47 288
30 408
51 543
54 811
Living cost
39 450
39 450
39 450
39 450
Free-cash
7 838
-9 042
12 093
15 361

Estimated living cost  is ₴39450 per week

₴25654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3540
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴484
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10037
₴21052
₴13626
₴18126
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
66 500
income

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

-
-
-
18 185
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.

-
-
-
1 000
health

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

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

-
-
-
3 408
trade
-
-
-
7 426
total
-
-
-
30 019
Employee

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

29 983
-
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.

194
-
1 000
-
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.

3 526
-
18 185
-
health

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

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

3 408
-
3 408
-
total
7 128
-
22 593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 517
66 500
-
-
income
5 478
9 975
-
-
surtax

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

301
548
-
-
chamber of commerce
127
169
-
-
trade
6 263
11 405
-
-
total
12 169
22 097
-
-
Dividends
24 348
44 403
-
-
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.

325
600
-
-
withholding
5 897
10 911
-
-
total
6 222
11 511
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 519
33 608
22 593
30 019
After tax
40 981
32 892
43 907
36 481
Living cost
22 855
22 855
22 855
22 855
Free-cash
18 126
10 037
21 052
13 626

Estimated living cost  is ₴22855 per week

₴16692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16447
₴21874
₴20753
₴19394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 683
other
-
-
-
2 061
surtax
-
-
-
-
social contributions
-
-
-
1 894
health
-
-
-
2 144
pensions
-
-
-
13 896
total
-
-
-
28 678
Employee
21 352
-
52 722
-
pensions
2 414
-
3 145
-
surtax
-
-
-
-
social contributions
609
-
1 502
-
income
1 260
-
9 134
-
total
4 283
-
13 781
-
Employer
21 352
-
52 722
-
health
1 495
-
4 261
-
pensions
3 508
-
5 388
-
unemployment
864
-
2 135
-
social contributions
64
-
158
-
other
737
-
1 834
-
total
6 668
-
13 776
-
Corporate
38 480
66 500
-
-
income
10 774
18 620
-
-
surtax
-
-
-
-
total
10 774
18 620
-
-
Dividends
27 706
47 880
-
-
surtax
-
-
-
-
social contributions
4 765
8 236
-
-
withholding
3 547
6 128
-
-
total
8 312
14 364
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 037
32 984
27 557
28 678
After tax
36 463
33 516
38 943
37 822
Living cost
17 069
17 069
17 069
17 069
Free-cash
19 394
16 447
21 874
20 753

Estimated living cost  is ₴17069 per week

₴10763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1388
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18138
₴23565
₴22444
₴20908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 683
other
-
-
-
2 061
surtax
-
-
-
-
social contributions
-
-
-
1 894
health
-
-
-
2 144
pensions
-
-
-
13 896
total
-
-
-
28 678
Employee
19 060
-
52 722
-
pensions
2 156
-
3 145
-
surtax
-
-
-
-
social contributions
543
-
1 502
-
income
983
-
9 134
-
total
3 682
-
13 781
-
Employer
19 060
-
52 722
-
health
1 334
-
4 261
-
pensions
3 132
-
5 388
-
unemployment
772
-
2 135
-
social contributions
57
-
158
-
other
658
-
1 834
-
total
5 953
-
13 776
-
Corporate
41 488
66 500
-
-
income
11 617
18 620
-
-
surtax
-
-
-
-
total
11 617
18 620
-
-
Dividends
29 871
47 880
-
-
surtax
-
-
-
-
social contributions
5 138
8 236
-
-
withholding
3 824
6 128
-
-
total
8 962
14 364
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 214
32 984
27 557
28 678
After tax
36 286
33 516
38 943
37 822
Living cost
15 378
15 378
15 378
15 378
Free-cash
20 908
18 138
23 565
22 444

Estimated living cost  is ₴15378 per week

₴8918
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29992
₴31384
₴32127
₴30250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
social contributions
-
-
-
9 177
health
-
-
-
4 642
total
-
-
-
23 794
Employee
16 916
-
66 500
-
social contributions
2 335
-
9 177
-
income
2 821
-
10 718
-
health
1 181
-
4 642
-
total
6 337
-
24 537
-
Employer
16 916
-
66 500
-
total
-
-
-
-
Corporate
49 584
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%.

2 480
3 325
-
-
total
2 480
3 325
-
-
Dividends
47 105
63 175
-
-
social contributions
6 500
8 718
-
-
withholding
7 066
9 476
-
-
health
3 288
4 410
-
-
total
16 854
22 604
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 671
25 929
24 537
23 794
After tax
40 829
40 571
41 963
42 706
Living cost
10 579
10 579
10 579
10 579
Free-cash
30 250
29 992
31 384
32 127

Estimated living cost  is ₴10579 per week

₴7080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴652
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.
₴2603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19419
₴459
₴15977
₴18649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
14 279
surtax
-
-
-
98
unemployment
-
-
-
3 060
chamber of commerce
-
-
-
266
health
-
-
-
4 458
pensions
-
-
-
10 783
total
-
-
-
32 944
Employee
24 933
19 882
51 561
-
other
249
199
516
-
unemployment
748
596
1 547
-
pensions
2 553
2 036
5 280
-
income
2 838
1 467
11 769
-
health
965
770
1 996
-
total
7 353
5 068
21 108
-
Employer
24 933
19 882
51 561
-
chamber of commerce
99
80
206
-
health
942
752
1 949
-
pensions
3 129
2 496
6 471
-
accident
324
258
670
-
unemployment
748
596
1 547
-
surtax
98
98
98
-
payroll
748
596
1 547
-
other
1 184
944
2 449
-
total
7 272
5 820
14 937
-
Corporate
34 294
40 798
49 668
-
income

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

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

8 574
10 199
12 417
-
total
8 574
10 199
12 417
-
Dividends
25 721
30 598
-
-
withholding
7 073
8 415
-
-
total
7 073
8 415
-
-
Income
66 500
66 500
66 500
66 500
Total tax
30 272
29 502
48 462
32 944
After tax
36 228
36 998
18 038
33 556
Living cost
17 579
17 579
17 579
17 579
Free-cash
18 649
19 419
459
15 977

Estimated living cost  is ₴17579 per week

₴11725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19045
₴6415
₴11350
₴11563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
communal

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

-
-
-
3 359
social contributions
-
-
-
10 511
national
-
-
-
23 089
total
-
-
-
36 959
Employee

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

35 687
-
51 507
-
unemployment

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

311
-
448
-
communal

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

1 861
-
2 687
-
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.

2 676
-
3 863
-
national
10 971
-
17 483
-
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.

1 677
-
2 421
-
total
17 496
-
26 902
-
Employer

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

35 687
-
51 507
-
health

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

2 195
-
3 167
-
pensions

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

3 162
-
4 563
-
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.

464
-
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.

521
-
752
-
surtax
4 046
-
5 841
-
total
10 388
-
14 992
-
Corporate
20 426
66 500
-
-
income
4 085
13 300
-
-
surtax
81
266
-
-
total
4 166
13 566
-
-
Dividends
16 259
52 934
-
-
withholding

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

4 696
15 698
-
-
total
4 696
15 698
-
-
Income
66 500
66 500
66 500
66 500
Total tax
36 746
29 264
41 894
36 959
After tax
29 754
37 236
24 606
29 541
Living cost
18 191
18 191
18 191
18 191
Free-cash
11 563
19 045
6 415
11 350

Estimated living cost  is ₴18191 per week

₴11717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26568
₴16810
₴19208
₴22778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
15 402
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 086
total
-
-
-
29 275
Employee
24 834
-
51 758
-
other
25
-
46
-
unemployment
385
-
717
-
pensions
1 167
-
2 174
-
income
5 240
-
13 994
-
total
6 817
-
16 931
-
Employer
24 834
-
51 758
-
pensions
5 860
-
10 913
-
accident
491
-
916
-
unemployment
1 366
-
2 543
-
other
198
-
370
-
total
7 915
-
14 742
-
Corporate
33 750
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.

5 062
9 975
-
-
total
5 062
9 975
-
-
Dividends
28 688
56 525
-
-
withholding
5 911
11 940
-
-
total
5 911
11 940
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 705
21 915
31 673
29 275
After tax
40 795
44 585
34 827
37 225
Living cost
18 017
18 017
18 017
18 017
Free-cash
22 778
26 568
16 810
19 208

Estimated living cost  is ₴18017 per week

₴13268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12834
₴10812
₴8161
₴7696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
communal
-
-
-
4 203
accident
-
-
-
560
income
-
-
-
8 528
surtax
-
-
-
3 297
health
-
-
-
4 672
pensions
-
-
-
9 967
total
-
-
-
31 227
Employee
37 781
-
59 401
-
pensions
3 022
-
4 752
-
surtax
2 316
-
3 640
-
income
3 649
-
10 442
-
health
1 681
-
2 643
-
total
10 668
-
21 477
-
Employer
37 781
-
59 401
-
health
1 152
-
1 812
-
pensions
3 022
-
4 752
-
accident
340
-
535
-
total
4 514
-
7 099
-
Corporate
24 205
66 500
-
-
communal
1 634
4 489
-
-
income
3 631
9 975
-
-
surtax
254
699
-
-
total
5 519
15 163
-
-
Dividends
18 686
51 338
-
-
income
8 188
3 690
-
-
withholding
2 803
7 701
-
-
total
10 991
11 391
-
-
Income
66 500
66 500
66 500
66 500
Total tax
31 692
26 554
28 576
31 227
After tax
34 808
39 946
37 924
35 273
Living cost
27 112
27 112
27 112
27 112
Free-cash
7 696
12 834
10 812
8 161

Estimated living cost  is ₴27112 per week

₴20338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30622
₴19257
₴20359
₴29035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
14 758
other
-
-
-
-
surtax
-
-
-
2 042
unemployment
-
-
-
114
health
-
-
-
4 721
pensions
-
-
-
13 300
total
-
-
-
34 935
Employee
16 801
-
54 936
-
other
-
-
-
-
unemployment
1 169
-
3 824
-
pensions
1 121
-
3 664
-
surtax
60
-
1 869
-
income
2 817
-
13 716
-
health
429
-
1 401
-
total
5 596
-
24 474
-
Employer
16 801
-
54 936
-
health
764
-
2 499
-
pensions
2 240
-
7 323
-
unemployment
533
-
1 741
-
other
-
-
-
-
total
3 537
-
11 563
-
Corporate
46 162
66 500
-
-
income
12 002
17 290
-
-
total
12 002
17 290
-
-
Dividends
34 160
49 210
-
-
withholding
5 124
7 382
-
-
total
5 124
7 382
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 259
24 672
36 037
34 935
After tax
40 241
41 828
30 463
31 565
Living cost
11 206
11 206
11 206
11 206
Free-cash
29 035
30 622
19 257
20 359

Estimated living cost  is ₴11206 per week

₴6766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴3207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21515
₴16125
₴19273
₴20407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
17 104
regional
-
-
-
1 003
municipal
-
-
-
395
national
-
-
-
15 286
total
-
-
-
33 788
Employee
27 675
-
66 500
-
municipal
147
-
352
-
national
4 384
-
13 265
-
regional
373
-
895
-
social contributions
9 332
-
22 424
-
total
14 236
-
36 936
-
Employer
27 675
-
66 500
-
total
-
-
-
-
Corporate
38 825
66 500
-
-
municipal
1 929
3 305
-
-
nationa
9 318
15 960
-
-
total
11 247
19 265
-
-
Dividends
27 578
47 234
-
-
withholding
7 171
12 281
-
-
total
7 171
12 281
-
-
Income
66 500
66 500
66 500
66 500
Total tax
32 654
31 546
36 936
33 788
After tax
33 846
34 954
29 564
32 712
Living cost
13 439
13 439
13 439
13 439
Free-cash
20 407
21 515
16 125
19 273

Estimated living cost  is ₴13439 per week

₴8358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30762
₴18723
₴18959
₴25404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
5 997
social contributions
-
-
-
17 543
solidarity contribution
-
-
-
-
health
-
-
-
8 978
total
-
-
-
32 518
Employee
22 092
-
49 627
-
solidarity contribution
-
-
-
-
social contributions
1 436
-
3 226
-
income
2 651
-
5 955
-
health
2 982
-
6 700
-
total
7 069
-
15 881
-
Employer
22 092
-
49 627
-
health
1 988
-
4 466
-
social contributions
5 523
-
12 407
-
total
7 511
-
16 873
-
Corporate
36 896
66 500
-
-
income
7 010
12 635
-
-
total
7 010
12 635
-
-
Dividends
29 886
53 865
-
-
withholding
4 483
8 080
-
-
total
4 483
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
26 073
20 715
32 754
32 518
After tax
40 427
45 785
33 746
33 982
Living cost
15 023
15 023
15 023
15 023
Free-cash
25 404
30 762
18 723
18 959

Estimated living cost  is ₴15023 per week

₴11172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴832
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.
₴2759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21134
₴2136
₴17737
₴20888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
14 279
surtax
-
-
-
-
unemployment
-
-
-
3 060
chamber of commerce
-
-
-
266
health
-
-
-
4 458
pensions
-
-
-
10 783
total
-
-
-
32 846
Employee
21 808
19 882
51 639
-
other
218
199
516
-
unemployment
654
596
1 549
-
pensions
2 233
2 036
5 288
-
income
1 943
1 467
11 797
-
health
844
770
1 999
-
total
5 892
5 068
21 149
-
Employer
21 808
19 882
51 639
-
chamber of commerce
87
80
206
-
health
825
752
1 952
-
pensions
2 737
2 496
6 481
-
accident
283
258
671
-
unemployment
654
596
1 549
-
surtax
-
-
-
-
payroll
654
596
1 549
-
other
1 036
944
2 453
-
total
6 276
5 722
14 861
-
Corporate
38 416
40 896
49 745
-
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.

9 604
10 224
12 437
-
total
9 604
10 224
12 437
-
Dividends
28 812
30 672
-
-
withholding
7 923
8 435
-
-
total
7 923
8 435
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 695
29 449
48 447
32 846
After tax
36 805
37 051
18 053
33 654
Living cost
15 917
15 917
15 917
15 917
Free-cash
20 888
21 134
2 136
17 737

Estimated living cost  is ₴15917 per week

₴9548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
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.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56910
₴46935
₴59570
₴55736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 831
-
66 500
-
income
1 566
-
13 300
-
total
1 566
-
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%.

58 669
66 500
-
-
total
-
-
-
-
Dividends
58 669
66 500
-
-
withholding
2 933
3 325
-
-
total
2 933
3 325
-
-
Income
66 500
66 500
66 500
66 500
Total tax
4 499
3 325
13 300
665
After tax
62 001
63 175
53 200
65 835
Living cost
6 265
6 265
6 265
6 265
Free-cash
55 736
56 910
46 935
59 570

Estimated living cost  is ₴6265 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32403
₴18390
₴20183
₴28231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 148
unemployment
-
-
-
99
health
-
-
-
6 543
pensions
-
-
-
12 145
total
-
-
-
32 935
Employee

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

22 061
-
57 541
-
unemployment
31
-
80
-
pensions
3 420
-
8 918
-
income
3 804
-
13 054
-
health
1 425
-
3 717
-
total
8 680
-
25 769
-
Employer

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

22 061
-
57 541
-
health
1 469
-
3 832
-
pensions
1 952
-
5 093
-
unemployment
13
-
34
-
total
3 434
-
8 959
-
Corporate
41 004
66 500
-
-
income
7 791
12 635
-
-
total
7 791
12 635
-
-
Dividends
33 213
53 865
-
-
withholding
4 982
8 080
-
-
total
4 982
8 080
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 887
20 715
34 728
32 935
After tax
41 613
45 785
31 772
33 565
Living cost
13 382
13 382
13 382
13 382
Free-cash
28 231
32 403
18 390
20 183

Estimated living cost  is ₴13382 per week

₴9184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19146
₴38689
₴24644
-₴7149
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 560
-
-
-
social contributions
2 506
-
357
-
income
6 741
-
-
-
total
9 247
-
357
-
Employer
30 560
-
-
-
social contributions
43 089
-
6 141
-
total
43 089
-
6 141
-
Corporate
-
66 500
-
-
income
-
14 630
-
-
total
-
14 630
-
-
Dividends
-
51 870
-
-
income
-
11 411
-
-
total
-
11 411
-
-
Income
66 500
66 500
66 500
66 500
Total tax
52 336
26 041
6 498
20 543
After tax
14 164
40 459
60 002
45 957
Living cost
21 313
21 313
21 313
21 313
Free-cash
-7 149
19 146
38 689
24 644

Estimated living cost  is ₴21313 per week

₴13829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22176
₴16295
₴20687
₴21673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 056
surtax
-
-
-
-
social contributions

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

-
-
-
23 108
total
-
-
-
30 164
Employee
22 945
-
53 738
-
surtax
-
-
-
-
social contributions
2 524
-
5 912
-
income
4 773
-
15 882
-
total
7 297
-
21 794
-
Employer
22 945
-
53 738
-
social contributions
5 450
-
12 762
-
total
5 450
-
12 762
-
Corporate
38 105
66 500
-
-
income
8 002
13 965
-
-
surtax
-
-
-
-
total
8 002
13 965
-
-
Dividends
30 103
52 535
-
-
withholding
8 429
14 710
-
-
total
8 429
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 178
28 675
34 556
30 164
After tax
37 322
37 825
31 944
36 336
Living cost
15 649
15 649
15 649
15 649
Free-cash
21 673
22 176
16 295
20 687

Estimated living cost  is ₴15649 per week

₴11709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9420
₴14847
₴13726
₴12849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 683
other
-
-
-
2 061
surtax
-
-
-
-
social contributions
-
-
-
1 894
health
-
-
-
2 144
pensions
-
-
-
13 896
total
-
-
-
28 678
Employee
31 247
-
52 722
-
pensions
3 534
-
3 145
-
surtax
-
-
-
-
social contributions
890
-
1 502
-
income
2 726
-
9 134
-
total
7 150
-
13 781
-
Employer
31 247
-
52 722
-
health
2 187
-
4 261
-
pensions
5 134
-
5 388
-
unemployment
1 266
-
2 135
-
social contributions
94
-
158
-
other
1 078
-
1 834
-
total
9 759
-
13 776
-
Corporate
25 494
66 500
-
-
income
7 139
18 620
-
-
surtax
-
-
-
-
total
7 139
18 620
-
-
Dividends
18 355
47 880
-
-
surtax
-
-
-
-
social contributions
3 157
8 236
-
-
withholding
2 350
6 128
-
-
total
5 507
14 364
-
-
Income
66 500
66 500
66 500
66 500
Total tax
29 555
32 984
27 557
28 678
After tax
36 945
33 516
38 943
37 822
Living cost
24 096
24 096
24 096
24 096
Free-cash
12 849
9 420
14 847
13 726

Estimated living cost  is ₴24096 per week

₴16308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44853
₴36483
₴34715
₴43178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 158
social contributions
-
-
-
14 630
total
-
-
-
16 788
Employee
16 039
-
57 576
-
income
-
-
2 354
-
social contributions
1 042
-
3 742
-
total
1 042
-
6 096
-
Employer
16 039
-
57 576
-
social contributions
2 486
-
8 924
-
total
2 486
-
8 924
-
Corporate
47 975
66 500
-
-
income
4 797
6 650
-
-
total
4 797
6 650
-
-
Dividends
43 178
59 850
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
8 325
6 650
15 020
16 788
After tax
58 175
59 850
51 480
49 712
Living cost
14 997
14 997
14 997
14 997
Free-cash
43 178
44 853
36 483
34 715

Estimated living cost  is ₴14997 per week

₴9697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴42204
-₴42204
₴16429
-₴42204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
labour market
-
-
-
5 285
municipal
-
-
-
13 217
national
-
-
-
7 109
pensions
-
-
-
432
total
-
-
-
26 043
Employee
101 418
101 418
101 418
-
municipal
21 596
21 596
21 596
-
labour market
8 102
8 102
8 102
-
pensions
144
144
144
-
national
12 390
12 390
12 390
-
total
42 232
42 232
42 232
-
Employer
101 418
101 418
101 418
-
national
12 412
12 412
12 412
-
labour market
8 113
8 113
8 113
-
pensions
288
288
288
-
municipal
21 631
21 631
21 631
-
total
42 444
42 444
42 444
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
66 500
66 500
66 500
66 500
Total tax
84 676
84 676
84 676
26 043
After tax
-18 176
-18 176
-18 176
40 457
Living cost
24 028
24 028
24 028
24 028
Free-cash
-42 204
-42 204
-42 204
16 429

Estimated living cost  is ₴24028 per week

₴16445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5585
₴24352
₴34569
₴3703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
17 433
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
20 959
Employee
17 259
-
58 512
-
pensions
1 944
-
3 862
-
income
2 368
-
12 626
-
health
1 976
-
6 700
-
total
6 288
-
23 188
-
Employer
17 259
-
58 512
-
pensions
2 806
-
5 577
-
accident
288
-
977
-
unemployment
423
-
1 434
-
total
3 517
-
7 988
-
Corporate
45 723
66 500
-
-
income

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

41 151
59 850
-
-
total
41 151
59 850
-
-
Dividends
4 572
6 650
-
-
withholding
869
1 263
-
-
total
869
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
51 825
61 113
31 176
20 959
After tax
14 675
5 387
35 324
45 541
Living cost
10 972
10 972
10 972
10 972
Free-cash
3 703
-5 585
24 352
34 569

Estimated living cost  is ₴10972 per week

₴7986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2154
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23793
₴17090
₴26208
₴24155
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
66 500
health
-
-
-
816
municipal
-
-
-
11 823
national
-
-
-
8 499
total
-
-
-
21 138
Employee
26 248
-
55 944
-
municipal
4 299
-
9 121
-
unemployment
394
-
839
-
pensions
1 771
-
3 777
-
national
434
-
5 309
-
health
196
-
653
-
total
7 094
-
19 699
-
Employer
26 248
-
55 944
-
health
202
-
431
-
pensions
4 554
-
9 706
-
accident
27
-
56
-
unemployment
170
-
364
-
total
4 953
-
10 557
-
Corporate
35 299
66 500
-
-
income
7 060
13 300
-
-
total
7 060
13 300
-
-
Dividends

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

21 180
39 900
-
-
municipal
3 813
7 182
-
-
national
271
3 071
-
-
total
4 084
10 253
-
-
Income
66 500
66 500
66 500
66 500
Total tax
23 191
23 553
30 256
21 138
After tax
43 309
42 947
36 244
45 362
Living cost
19 154
19 154
19 154
19 154
Free-cash
24 155
23 793
17 090
26 208

Estimated living cost  is ₴19154 per week

₴12511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37031
₴34278
₴34968
₴34316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
10 213
social contributions
-
-
-
8 072
health
-
-
-
1 696
total
-
-
-
19 981
Employee
38 363
38 363
61 076
-
social contributions
1 450
3 184
4 294
-
income
4 177
3 551
9 915
-
health
297
652
1 039
-
total
5 924
7 387
15 248
-
Employer
38 363
38 363
61 076
-
health
323
710
1 129
-
social contributions
1 450
3 184
4 294
-
total
1 773
3 894
5 423
-
Corporate
47 251
24 243
-
-
income
5 907
3 031
-
-
total
5 907
3 031
-
-
Dividends
41 344
21 213
-
-
withholding
7 029
3 606
-
-
total
7 029
3 606
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 633
17 918
20 671
19 981
After tax
45 867
48 582
45 829
46 519
Living cost
11 551
11 551
11 551
11 551
Free-cash
34 316
37 031
34 278
34 968

Estimated living cost  is ₴11551 per week

₴6923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1133
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.
₴3240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47147
₴36987
₴46997
₴44610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 589
unemployment
-
-
-
14
health
-
-
-
1 805
pensions
-
-
-
3 174
total
-
-
-
11 582
Employee

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

11 451
-
61 624
-
unemployment
57
-
237
-
pensions
1 717
-
7 101
-
income
783
-
5 353
-
health
973
-
4 024
-
total
3 530
-
16 715
-
Employer

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

11 451
-
61 624
-
health
492
-
2 036
-
pensions
630
-
2 604
-
unemployment
57
-
237
-
total
1 179
-
4 877
-
Corporate
53 870
66 500
-
-
income
4 848
5 985
-
-
total
4 848
5 985
-
-
Dividends
49 022
60 515
-
-
withholding
4 412
5 447
-
-
total
4 412
5 447
-
-
Income
66 500
66 500
66 500
66 500
Total tax
13 969
11 432
21 592
11 582
After tax
52 531
55 068
44 908
54 918
Living cost
7 921
7 921
7 921
7 921
Free-cash
44 610
47 147
36 987
46 997

Estimated living cost  is ₴7921 per week

₴5054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30866
₴21108
₴23506
₴28434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
15 402
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 086
total
-
-
-
29 275
Employee
18 447
-
51 758
-
other
18
-
46
-
unemployment
286
-
717
-
pensions
867
-
2 174
-
income
3 556
-
13 994
-
total
4 727
-
16 931
-
Employer
18 447
-
51 758
-
pensions
4 353
-
10 913
-
accident
365
-
916
-
unemployment
1 015
-
2 543
-
other
148
-
370
-
total
5 881
-
14 742
-
Corporate
42 172
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.

6 325
9 975
-
-
total
6 325
9 975
-
-
Dividends
35 846
56 525
-
-
withholding
7 414
11 940
-
-
total
7 414
11 940
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 347
21 915
31 673
29 275
After tax
42 153
44 585
34 827
37 225
Living cost
13 719
13 719
13 719
13 719
Free-cash
28 434
30 866
21 108
23 506

Estimated living cost  is ₴13719 per week

₴9260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1319
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40486
₴41550
₴41622
₴40320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 597
health
-
-
-
534
pensions
-
-
-
737
total
-
-
-
23 868
Employee
1 539
-
65 671
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
22 558
-
health
77
-
184
-
total
529
-
23 111
-
Employer
1 539
-
65 671
-
health
146
-
350
-
pensions
169
-
405
-
unemployment
31
-
74
-
total
346
-
829
-
Corporate
64 615
66 500
-
-
income
14 215
14 630
-
-
total
14 215
14 630
-
-
Dividends
50 399
51 870
-
-
withholding
10 080
10 374
-
-
total
10 080
10 374
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 170
25 004
23 940
23 868
After tax
41 330
41 496
42 560
42 632
Living cost
1 010
1 010
1 010
1 010
Free-cash
40 320
40 486
41 550
41 622

Estimated living cost  is ₴1010 per week

₴600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39418
₴29393
₴29394
₴36964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 541
unemployment
-
-
-
553
health
-
-
-
3 798
pensions
-
-
-
9 586
total
-
-
-
28 478
Employee

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

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

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

13 010
-
59 900
-
unemployment
98
-
277
-
pensions
1 821
-
5 162
-
income
1 793
-
14 541
-
health
670
-
1 899
-
total
4 382
-
21 879
-
Employer

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

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

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

13 010
-
59 900
-
health
670
-
1 899
-
pensions
1 561
-
4 424
-
unemployment
98
-
277
-
total
2 329
-
6 600
-
Corporate
51 161
66 500
-
-
income
7 674
9 975
-
-
total
7 674
9 975
-
-
Dividends
43 487
56 525
-
-
withholding
6 523
8 479
-
-
total
6 523
8 479
-
-
Income
66 500
66 500
66 500
66 500
Total tax
20 908
18 454
28 479
28 478
After tax
45 592
48 046
38 021
38 022
Living cost
8 628
8 628
8 628
8 628
Free-cash
36 964
39 418
29 393
29 394

Estimated living cost  is ₴8628 per week

₴5809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴667
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.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24375
₴18494
₴22886
₴24196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 056
surtax
-
-
-
-
social contributions

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

-
-
-
23 108
total
-
-
-
30 164
Employee
19 363
-
53 738
-
surtax
-
-
-
-
social contributions
2 130
-
5 912
-
income
3 783
-
15 882
-
total
5 913
-
21 794
-
Employer
19 363
-
53 738
-
social contributions
4 598
-
12 762
-
total
4 598
-
12 762
-
Corporate
42 538
66 500
-
-
income
8 933
13 965
-
-
surtax
-
-
-
-
total
8 933
13 965
-
-
Dividends
33 606
52 535
-
-
withholding
9 410
14 710
-
-
total
9 410
14 710
-
-
Income
66 500
66 500
66 500
66 500
Total tax
28 854
28 675
34 556
30 164
After tax
37 646
37 825
31 944
36 336
Living cost
13 450
13 450
13 450
13 450
Free-cash
24 196
24 375
18 494
22 886

Estimated living cost  is ₴13450 per week

₴9526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27051
₴17293
₴19691
₴23431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
15 402
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 086
total
-
-
-
29 275
Employee
24 095
-
51 758
-
other
24
-
46
-
unemployment
373
-
717
-
pensions
1 132
-
2 174
-
income
5 032
-
13 994
-
total
6 561
-
16 931
-
Employer
24 095
-
51 758
-
pensions
5 686
-
10 913
-
accident
477
-
916
-
unemployment
1 325
-
2 543
-
other
193
-
370
-
total
7 681
-
14 742
-
Corporate
34 724
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.

5 208
9 975
-
-
total
5 208
9 975
-
-
Dividends
29 515
56 525
-
-
withholding
6 085
11 940
-
-
total
6 085
11 940
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 535
21 915
31 673
29 275
After tax
40 965
44 585
34 827
37 225
Living cost
17 534
17 534
17 534
17 534
Free-cash
23 431
27 051
17 293
19 691

Estimated living cost  is ₴17534 per week

₴12592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48273
₴45663
₴43287
₴45232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
income
-
-
-
9 975
unemployment
-
-
-
70
health
-
-
-
2 004
pensions

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

-
-
-
2 580
total
-
-
-
14 629
Employee
11 367
-
63 080
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

998
-
1 530
-
income
1 137
-
6 308
-
health
523
-
802
-
total
2 783
-
8 832
-
Employer
11 367
-
63 080
-
health
784
-
1 203
-
pensions

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

1 253
-
1 921
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 230
-
3 421
-
Corporate
52 903
66 500
-
-
income
5 290
6 650
-
-
total
5 290
6 650
-
-
Dividends
47 613
59 850
-
-
withholding
2 381
2 993
-
-
total
2 381
2 993
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 684
9 643
12 253
14 629
After tax
53 816
56 857
54 247
51 871
Living cost
8 584
8 584
8 584
8 584
Free-cash
45 232
48 273
45 663
43 287

Estimated living cost  is ₴8584 per week

₴5677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15000
₴24646
₴18432
₴21525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
66 500
income

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

-
-
-
18 185
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.

-
-
-
1 000
health

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

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

-
-
-
3 408
trade
-
-
-
6 214
total
-
-
-
28 807
Employee

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

24 823
-
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.

113
-
1 000
-
income

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

2 041
-
18 185
-
health

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

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

3 408
-
3 408
-
total
5 562
-
22 593
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 677
66 500
-
-
income
6 251
9 975
-
-
surtax

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

344
548
-
-
chamber of commerce
137
173
-
-
trade
5 981
9 542
-
-
total
12 713
20 238
-
-
Dividends
28 964
46 261
-
-
surtax

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

388
626
-
-
withholding
7 051
11 375
-
-
total
7 439
12 001
-
-
Income
66 500
66 500
66 500
66 500
Total tax
25 714
32 239
22 593
28 807
After tax
40 786
34 261
43 907
37 693
Living cost
19 261
19 261
19 261
19 261
Free-cash
21 525
15 000
24 646
18 432

Estimated living cost  is ₴19261 per week

₴13287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2072
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18130
₴9127
₴9127
₴19232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 354
social contributions
-
-
-
10 600
total
-
-
-
28 954
Employee
39 025
-
66 500
-
income
7 364
-
18 354
-
social contributions
3 242
-
10 600
-
total
10 606
-
28 954
-
Employer
39 025
-
66 500
-
total
-
-
-
-
Corporate
27 475
66 500
-
-
income
3 435
8 313
-
-
total
3 435
8 313
-
-
Dividends
24 040
58 187
-
-
withholding
4 808
11 638
-
-
total
4 808
11 638
-
-
Income
66 500
66 500
66 500
66 500
Total tax
18 849
19 951
28 954
28 954
After tax
47 651
46 549
37 546
37 546
Living cost
28 419
28 419
28 419
28 419
Free-cash
19 232
18 130
9 127
9 127

Estimated living cost  is ₴28419 per week

₴21621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22479
₴30477
₴31166
₴24222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
66 500
income
-
-
-
14 201
health

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

-
-
-
3 023
total
-
-
-
17 224
Employee
22 887
-
64 205
-
income
2 483
-
13 323
-
social contributions
2 293
-
2 295
-
total
4 776
-
15 618
-
Employer
22 887
-
64 205
-
social contributions
2 293
-
2 295
-
total
2 293
-
2 295
-
Corporate
41 320
66 500
-
-
income
14 463
23 275
-
-
total
14 463
23 275
-
-
Dividends
26 858
43 225
-
-
social contributions
2 636
2 636
-
-
total
2 636
2 636
-
-
Income
66 500
66 500
66 500
66 500
Total tax
24 168
25 911
17 913
17 224
After tax
42 332
40 589
48 587
49 276
Living cost
18 110
18 110
18 110
18 110
Free-cash
24 222
22 479
30 477
31 166

Estimated living cost  is ₴18110 per week

₴11929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27264
₴20981
₴27120
₴28385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 694
pensions
-
-
-
4 073
total
-
-
-
20 767
Employee
25 549
-
58 293
-
pensions
1 950
-
5 169
-
income
4 653
-
12 601
-
health
333
-
929
-
total
6 936
-
18 699
-
Employer
25 549
-
58 293
-
health
486
-
1 108
-
pensions
2 581
-
7 099
-
total
3 067
-
8 207
-
Corporate
37 884
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.

7 198
12 635
-
-
total
7 198
12 635
-
-
Dividends
30 687
53 865
-
-
withholding
2 301
7 988
-
-
total
2 301
7 988
-
-
Income
66 500
66 500
66 500
66 500
Total tax
19 502
20 623
26 906
20 767
After tax
46 998
45 877
39 594
45 733
Living cost
18 613
18 613
18 613
18 613
Free-cash
28 385
27 264
20 981
27 120

Estimated living cost  is ₴18613 per week

₴12768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6671
₴23266
₴33483
₴3536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
17 433
other
-
-
-
188
health
-
-
-
1 104
pensions
-
-
-
2 106
total
-
-
-
20 959
Employee
18 968
-
58 512
-
pensions
2 136
-
3 862
-
income
2 602
-
12 626
-
health
2 172
-
6 700
-
total
6 910
-
23 188
-
Employer
18 968
-
58 512
-
pensions
3 084
-
5 577
-
accident
317
-
977
-
unemployment
465
-
1 434
-
total
3 866
-
7 988
-
Corporate
43 667
66 500
-
-
income

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

39 300
59 850
-
-
total
39 300
59 850
-
-
Dividends
4 367
6 650
-
-
withholding
830
1 263
-
-
total
830
1 263
-
-
Income
66 500
66 500
66 500
66 500
Total tax
50 906
61 113
31 176
20 959
After tax
15 594
5 387
35 324
45 541
Living cost
12 058
12 058
12 058
12 058
Free-cash
3 536
-6 671
23 266
33 483

Estimated living cost  is ₴12058 per week

₴8849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
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.
₴2263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49220
₴38148
₴30832
₴46886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
66 500
income
-
-
-
10 641
unemployment
-
-
-
798
work injury
-
-
-
332
health insurance
-
-
-
4 921
pensions
-
-
-
12 236
total
-
-
-
28 928
Employee

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

10 784
-
66 500
-
health insurance
798
-
2 952
-
unemployment
129
-
479
-
work injury
54
-
199
-
pensions
1 984
-
7 341
-
income
1 078
-
10 641
-
total
4 043
-
21 612
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 716
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%.

557
665
-
-
total
557
665
-
-
Dividends
55 159
65 835
-
-
withholding
8 274
9 875
-
-
total
8 274
9 875
-
-
Income
66 500
66 500
66 500
66 500
Total tax
12 874
10 540
21 612
28 928
After tax
53 626
55 960
44 888
37 572
Living cost
6 740
6 740
6 740
6 740
Free-cash
46 886
49 220
38 148
30 832

Estimated living cost  is ₴6740 per week

₴4175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15152
₴9267
₴12309
₴12884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
66 500
social contributions
-
-
-
17 104
regional
-
-
-
1 481
municipal
-
-
-
445
national
-
-
-
15 286
total
-
-
-
34 316
Employee
42 040
-
66 500
-
municipal
251
-
397
-
national
7 104
-
13 265
-
regional
635
-
1 272
-
social contributions
14 176
-
22 424
-
total
22 166
-
37 358
-
Employer
42 040
-
66 500
-
total
-
-
-
-
Corporate
24 460
66 500
-
-
municipal
1 179
3 206
-
-
nationa
5 870
15 960
-
-
total
7 049
19 166
-
-
Dividends
17 411
47 334
-
-
withholding
4 526
12 307
-
-
total
4 526
12 307
-
-
Income
66 500
66 500
66 500
66 500
Total tax
33 741
31 473
37 358
34 316
After tax
32 759
35 027
29 142
32 184
Living cost
19 875
19 875
19 875
19 875
Free-cash
12 884
15 152
9 267
12 309

Estimated living cost  is ₴19875 per week

₴13961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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