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
₴ 67500
per

Your estimated
City
free-cash

Dresden , Germany
₴21084
₴25822
₴23023
₴30518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
trade
-
-
-
7 495
income

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

-
-
-
19 984
health

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

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

-
-
-
2 926
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.

-
-
-
1 099
total
-
-
-
31 504
Employee

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

16 381
-
67 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 099
-
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.

458
-
19 984
-
total
3 409
-
24 009
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 119
67 500
-
-
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.

422
557
-
-
income
7 668
10 125
-
-
trade
8 051
10 631
-
-
chamber of commerce
138
162
-
-
total
16 279
21 475
-
-
Dividends
34 840
46 025
-
-
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.

470
624
-
-
withholding
8 547
11 344
-
-
total
9 017
11 968
-
-
Income
67 500
67 500
67 500
67 500
Total tax
28 705
33 443
24 009
31 504
After tax
38 795
34 057
43 491
35 996
Living cost
12 973
12 973
12 973
12 973
Free-cash
25 822
21 084
30 518
23 023

Estimated living cost  is ₴12973 per week

₴8160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴20479
₴20118
₴18319
₴18850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
municipal
-
-
-
7 340
pensions
-
-
-
8 100
national
-
-
-
11 374
social contributions
-
-
-
726
total
-
-
-
27 540
Employee
33 548
-
58 353
-
municipal
4 144
-
7 601
-
pensions
1 342
-
2 334
-
national
6 421
-
11 779
-
total
11 907
-
21 714
-
Employer
33 548
-
58 353
-
social contributions
361
-
627
-
pensions
2 684
-
4 668
-
total
3 045
-
5 295
-
Corporate
28 693
67 500
-
-
income

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

5 739
13 500
-
-
total
5 739
13 500
-
-
Dividends
22 955
54 000
-
-
withholding
5 050
11 880
-
-
total
5 050
11 880
-
-
Income
67 500
67 500
67 500
67 500
Total tax
25 741
25 380
27 009
27 540
After tax
41 759
42 120
40 491
39 960
Living cost
21 641
21 641
21 641
21 641
Free-cash
20 118
20 479
18 850
18 319

Estimated living cost  is ₴21641 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45090
₴41576
₴13700
₴31810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
microenterprise
-
-
-
-
income
-
-
-
11 267
surtax
-
-
-
17 213
social contributions

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

-
-
-
16 410
total
-
-
-
44 890
Employee
12 515
-
49 080
-
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.

1 377
-
5 398
-
surtax
-
-
-
-
income
2 228
-
9 559
-
total
3 605
-
14 957
-
Employer
12 515
-
49 080
-
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.

3 015
-
11 823
-
surtax
-
-
-
-
total
3 015
-
11 823
-
Corporate
51 971
67 500
-
-
income

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

10 394
13 500
-
-
total
10 394
13 500
-
-
Dividends

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

41 576
54 000
-
-
total
-
-
-
-
Income
67 500
67 500
67 500
67 500
Total tax
17 014
13 500
26 780
44 890
After tax
50 486
54 000
40 720
22 610
Living cost
8 910
8 910
8 910
8 910
Free-cash
41 576
45 090
31 810
13 700

Estimated living cost  is ₴8910 per week

₴5684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15358
₴12733
₴19877
₴23369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
19 382
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
29 681
Employee
36 574
36 574
59 541
-
health
5 614
4 775
5 281
-
income

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

5 987
5 987
7 931
-
pensions
6 583
5 018
5 018
-
total
18 184
15 780
18 230
-
Employer
36 574
36 574
59 541
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
24 970
24 521
-
-
income
4 994
4 904
-
-
total
4 994
4 904
-
-
Dividends
19 976
19 617
-
-
income
4 245
4 169
-
-
withholding
2 997
2 942
-
-
total
7 242
7 111
-
-
Income
67 500
67 500
67 500
67 500
Total tax
36 825
34 200
26 189
29 681
After tax
30 675
33 300
41 311
37 819
Living cost
17 942
17 942
17 942
17 942
Free-cash
12 733
15 358
23 369
19 877

Estimated living cost  is ₴17942 per week

₴12715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20307
₴19936
₴18456
₴18056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
municipal
-
-
-
16 995
accident
-
-
-
73
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
4 995
total
-
-
-
32 496
Employee
23 579
-
56 105
-
municipal
7 031
-
16 730
-
national
-
-
4 772
-
total
7 031
-
21 502
-
Employer
23 579
-
56 105
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 394
-
Corporate
36 512
67 500
-
-
income
8 033
14 850
-
-
total
8 033
14 850
-
-
Dividends
28 479
52 650
-
-
withholding
8 544
15 795
-
-
total
8 544
15 795
-
-
Income
67 500
67 500
67 500
67 500
Total tax
31 016
30 645
32 896
32 496
After tax
36 484
36 855
34 604
35 004
Living cost
16 548
16 548
16 548
16 548
Free-cash
19 936
20 307
18 056
18 456

Estimated living cost  is ₴16548 per week

₴10967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16884
₴22904
₴18837
₴26666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
trade
-
-
-
7 829
income

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

-
-
-
19 984
health

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

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

-
-
-
2 926
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.

-
-
-
1 099
total
-
-
-
31 838
Employee

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

21 719
-
67 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 099
-
income

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

1 866
-
19 984
-
total
4 894
-
24 009
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
45 781
67 500
-
-
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.

378
557
-
-
income
6 867
10 125
-
-
trade
7 531
11 104
-
-
chamber of commerce
130
161
-
-
total
14 906
21 947
-
-
Dividends
30 875
45 553
-
-
surtax

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

415
618
-
-
withholding
7 556
11 226
-
-
total
7 971
11 844
-
-
Income
67 500
67 500
67 500
67 500
Total tax
27 771
33 791
24 009
31 838
After tax
39 729
33 709
43 491
35 662
Living cost
16 825
16 825
16 825
16 825
Free-cash
22 904
16 884
26 666
18 837

Estimated living cost  is ₴16825 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35375
₴33600
₴32642
₴32026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
12 315
health
-
-
-
1 721
social contributions
-
-
-
6 930
total
-
-
-
20 966
Employee
32 933
32 933
62 654
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 066
-
income
3 458
3 049
11 983
-
total
5 386
6 342
16 736
-
Employer
32 933
32 933
62 654
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 159
-
total
1 957
3 343
4 846
-
Corporate
46 265
31 224
-
-
income
5 783
3 903
-
-
total
5 783
3 903
-
-
Dividends
40 482
27 321
-
-
withholding
6 882
4 645
-
-
total
6 882
4 645
-
-
Income
67 500
67 500
67 500
67 500
Total tax
20 008
18 233
21 582
20 966
After tax
47 492
49 267
45 918
46 534
Living cost
13 892
13 892
13 892
13 892
Free-cash
33 600
35 375
32 026
32 642

Estimated living cost  is ₴13892 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
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.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30152
₴30316
₴38978
₴31348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
8 252
pensions
-
-
-
6 750
unemployment
-
-
-
1 013
health
-
-
-
4 725
total
-
-
-
20 740
Employee

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

The minimum wage is 138,000 HUF per month.

11 233
4 471
56 485
-
health
786
313
3 954
-
income
1 373
547
6 905
-
pensions
1 123
447
5 649
-
unemployment
168
67
847
-
total
3 450
1 374
17 355
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 233
4 471
56 485
-
pensions
2 190
872
11 015
-
total
2 190
872
11 015
-
Corporate
54 077
62 158
-
-
income
4 867
5 594
-
-
total
4 867
5 594
-
-
Dividends
49 210
56 564
-
-
social contributions
9 545
10 979
-
-
withholding
9 350
10 747
-
-
total
18 895
21 726
-
-
Income
67 500
67 500
67 500
67 500
Total tax
29 402
29 566
28 370
20 740
After tax
38 098
37 934
39 130
46 760
Living cost
7 782
7 782
7 782
7 782
Free-cash
30 316
30 152
31 348
38 978

Estimated living cost  is ₴7782 per week

₴5310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43655
₴40994
₴25835
₴28561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
9 045
pensions
-
-
-
13 500
health
-
-
-
8 775
total
-
-
-
31 320
Employee
12 150
-
50 448
-
income
1 368
-
9 726
-
pensions
243
-
1 009
-
unemployment
194
-
807
-
total
1 805
-
11 542
-
Employer
12 150
-
50 448
-
unemployment
98
-
404
-
pensions
2 430
-
10 090
-
health
1 579
-
6 558
-
total
4 107
-
17 052
-
Corporate
51 243
67 500
-
-
income
10 249
13 500
-
-
total
10 249
13 500
-
-
Dividends
40 994
54 000
-
-
total
-
-
-
-
Income
67 500
67 500
67 500
67 500
Total tax
16 161
13 500
28 594
31 320
After tax
51 339
54 000
38 906
36 180
Living cost
10 345
10 345
10 345
10 345
Free-cash
40 994
43 655
28 561
25 835

Estimated living cost  is ₴10345 per week

₴7095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3899
₴4032
₴36802
₴27035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
accident
-
-
-
108
income
-
-
-
18 364
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 331
Employee
14 735
-
60 324
-
health
1 687
-
6 907
-
income
2 022
-
13 767
-
pensions
1 659
-
3 248
-
total
5 368
-
23 922
-
Employer
14 735
-
60 324
-
accident
246
-
1 007
-
unemployment
361
-
1 478
-
pensions
2 396
-
4 691
-
total
3 003
-
7 176
-
Corporate
49 762
67 500
-
-
income

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

44 785
60 750
-
-
total
44 785
60 750
-
-
Dividends
4 976
6 750
-
-
withholding
945
1 282
-
-
total
945
1 282
-
-
Income
67 500
67 500
67 500
67 500
Total tax
54 101
62 032
31 098
21 331
After tax
13 399
5 468
36 402
46 169
Living cost
9 367
9 367
9 367
9 367
Free-cash
4 032
-3 899
27 035
36 802

Estimated living cost  is ₴9367 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60271
₴59549
₴62971
₴50146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
67 500
microenterprise

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

-
-
-
675
total
-
-
-
675
Employee
4 817
-
67 500
-
income
963
-
13 500
-
total
963
-
13 500
-
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%.

62 683
67 500
-
-
total
-
-
-
-
Dividends
62 683
67 500
-
-
withholding
3 134
3 375
-
-
total
3 134
3 375
-
-
Income
67 500
67 500
67 500
67 500
Total tax
4 097
3 375
13 500
675
After tax
63 403
64 125
54 000
66 825
Living cost
3 854
3 854
3 854
3 854
Free-cash
59 549
60 271
50 146
62 971

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38180
₴35289
₴24833
₴27034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
9 665
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.

-
-
-
15 631
other
-
-
-
3 093
health
-
-
-
2 866
total
-
-
-
31 255
Employee
15 551
-
53 913
-
health
218
-
755
-
income
2 677
-
10 399
-
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.

1 088
-
3 774
-
unemployment
155
-
539
-
total
4 138
-
15 467
-
Employer
15 551
-
53 913
-
accident
124
-
432
-
other
778
-
2 696
-
unemployment
155
-
539
-
pensions

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

2 644
-
9 165
-
health
218
-
755
-
total
3 919
-
13 587
-
Corporate
48 030
67 500
-
-
income
10 086
14 175
-
-
total
10 086
14 175
-
-
Dividends
37 944
53 325
-
-
withholding
2 656
3 733
-
-
total
2 656
3 733
-
-
Income
67 500
67 500
67 500
67 500
Total tax
20 799
17 908
29 054
31 255
After tax
46 701
49 592
38 446
36 245
Living cost
11 412
11 412
11 412
11 412
Free-cash
35 289
38 180
27 034
24 833

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16326
₴15927
₴16633
₴10479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
18 421
pensions
-
-
-
3 703
total
-
-
-
22 124
Employee
40 666
-
59 041
-
health
670
-
888
-
income
7 331
-
14 317
-
pensions
3 923
-
4 614
-
total
11 924
-
19 819
-
Employer
40 666
-
59 041
-
pensions
4 802
-
7 337
-
health
772
-
1 122
-
total
5 574
-
8 459
-
Corporate
21 260
67 500
-
-
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.

4 040
12 825
-
-
total
4 040
12 825
-
-
Dividends
17 220
54 675
-
-
withholding
1 292
9 606
-
-
total
1 292
9 606
-
-
Income
67 500
67 500
67 500
67 500
Total tax
22 830
22 431
28 278
22 124
After tax
44 670
45 069
39 222
45 376
Living cost
28 743
28 743
28 743
28 743
Free-cash
15 927
16 326
10 479
16 633

Estimated living cost  is ₴28743 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴52093
₴50103
₴47758
₴50319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
10 125
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
14 123
Employee
7 440
-
64 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
6 456
-
pensions

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

653
-
1 314
-
total
1 821
-
8 624
-
Employer
7 440
-
64 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
58 600
67 500
-
-
income
5 860
6 750
-
-
total
5 860
6 750
-
-
Dividends
52 740
60 750
-
-
withholding
2 637
3 038
-
-
total
2 637
3 038
-
-
Income
67 500
67 500
67 500
67 500
Total tax
11 778
9 788
11 562
14 123
After tax
55 722
57 712
55 938
53 377
Living cost
5 619
5 619
5 619
5 619
Free-cash
50 103
52 093
50 319
47 758

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9551
₴10628
₴14070
₴17562
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
19 382
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
29 681
Employee
39 708
36 574
59 541
-
health
4 954
4 775
5 281
-
income

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

5 987
5 987
7 931
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
18 230
-
Employer
39 708
36 574
59 541
-
unemployment
1 430
1 317
1 636
-
pensions
2 763
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 952
6 405
7 959
-
Corporate
20 840
24 521
-
-
income
4 168
4 904
-
-
total
4 168
4 904
-
-
Dividends
16 672
19 617
-
-
income
3 543
4 169
-
-
withholding
2 501
2 942
-
-
total
6 044
7 111
-
-
Income
67 500
67 500
67 500
67 500
Total tax
33 123
34 200
26 189
29 681
After tax
34 377
33 300
41 311
37 819
Living cost
23 749
23 749
23 749
23 749
Free-cash
10 628
9 551
17 562
14 070

Estimated living cost  is ₴23749 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
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.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴36217
₴32558
₴26828
₴23997
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
6 544
health
-
-
-
9 112
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
30 415
Employee
15 084
-
50 373
-
social contributions
980
-
3 274
-
health
2 036
-
6 800
-
solidarity contribution
-
-
-
-
income
1 810
-
6 045
-
total
4 826
-
16 119
-
Employer
15 084
-
50 373
-
social contributions
3 771
-
12 593
-
health
1 358
-
4 534
-
total
5 129
-
17 127
-
Corporate
47 288
67 500
-
-
income
8 985
12 825
-
-
total
8 985
12 825
-
-
Dividends
38 303
54 675
-
-
withholding
5 745
8 201
-
-
total
5 745
8 201
-
-
Income
67 500
67 500
67 500
67 500
Total tax
24 685
21 026
33 246
30 415
After tax
42 815
46 474
34 254
37 085
Living cost
10 257
10 257
10 257
10 257
Free-cash
32 558
36 217
23 997
26 828

Estimated living cost  is ₴10257 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17941
₴15704
₴14651
₴11603
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
municipal
-
-
-
402
regional
-
-
-
789
national
-
-
-
16 225
social contributions
-
-
-
17 361
total
-
-
-
34 777
Employee
38 064
-
67 500
-
social contributions
12 835
-
22 761
-
regional
359
-
695
-
municipal
202
-
358
-
national
6 596
-
14 011
-
total
19 992
-
37 825
-
Employer
38 064
-
67 500
-
total
-
-
-
-
Corporate
29 436
67 500
-
-
nationa
7 065
16 200
-
-
municipal
1 148
2 633
-
-
total
8 213
18 833
-
-
Dividends
21 224
48 668
-
-
withholding
5 519
12 654
-
-
total
5 519
12 654
-
-
Income
67 500
67 500
67 500
67 500
Total tax
33 724
31 487
37 825
34 777
After tax
33 776
36 013
29 675
32 723
Living cost
18 072
18 072
18 072
18 072
Free-cash
15 704
17 941
11 603
14 651

Estimated living cost  is ₴18072 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33006
₴31673
₴22582
₴20125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
17 346
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 533
total
-
-
-
35 467
Employee
14 163
-
55 762
-
other
-
-
-
-
health
362
-
1 422
-
surtax
46
-
2 145
-
income
2 374
-
15 019
-
pensions
944
-
3 719
-
unemployment
986
-
3 881
-
total
4 712
-
26 186
-
Employer
14 163
-
55 762
-
other
-
-
-
-
unemployment
449
-
1 768
-
pensions
1 888
-
7 433
-
health
645
-
2 537
-
total
2 982
-
11 738
-
Corporate
50 356
67 500
-
-
income
13 093
17 550
-
-
total
13 093
17 550
-
-
Dividends
37 263
49 950
-
-
withholding
5 589
7 493
-
-
total
5 589
7 493
-
-
Income
67 500
67 500
67 500
67 500
Total tax
26 376
25 043
37 924
35 467
After tax
41 124
42 457
29 576
32 033
Living cost
9 451
9 451
9 451
9 451
Free-cash
31 673
33 006
20 125
22 582

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴25433
₴27556
₴25740
₴19586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
18 421
pensions
-
-
-
3 703
total
-
-
-
22 124
Employee
27 254
-
59 041
-
health
396
-
888
-
income
4 908
-
14 317
-
pensions
2 313
-
4 614
-
total
7 617
-
19 819
-
Employer
27 254
-
59 041
-
pensions
2 950
-
7 337
-
health
518
-
1 122
-
total
3 468
-
8 459
-
Corporate
36 779
67 500
-
-
income

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

6 988
12 825
-
-
total
6 988
12 825
-
-
Dividends
29 791
54 675
-
-
withholding
2 235
9 606
-
-
total
2 235
9 606
-
-
Income
67 500
67 500
67 500
67 500
Total tax
20 308
22 431
28 278
22 124
After tax
47 192
45 069
39 222
45 376
Living cost
19 636
19 636
19 636
19 636
Free-cash
27 556
25 433
19 586
25 740

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴1502
₴12348
₴22669
₴19389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
city
-
-
-
712
pensions
-
-
-
6 210
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.

-
-
-
1 350
regional
-
-
-
3 142
health
-
-
-
152
national
-
-
-
896
total
-
-
-
12 462
Employee
37 880
-
60 416
-
city
407
-
649
-
regional
1 240
-
2 722
-
health
86
-
136
-
pensions
3 182
-
5 075
-
unemployment
-
-
-
-
national
179
-
741
-
total
5 094
-
9 323
-
Employer
37 880
-
60 416
-
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.

757
-
1 208
-
unemployment
-
-
-
-
pensions
3 182
-
5 075
-
health
86
-
136
-
total
4 025
-
6 419
-
Corporate
25 178
67 500
-
-
regional
5 325
14 276
-
-
national
2 140
5 737
-
-
total
7 465
20 013
-
-
Dividends
17 713
47 487
-
-
withholding
6 199
16 620
-
-
total
6 199
16 620
-
-
Income
67 500
67 500
67 500
67 500
Total tax
22 783
36 633
15 742
12 462
After tax
44 717
30 867
51 758
55 038
Living cost
32 369
32 369
32 369
32 369
Free-cash
12 348
-1 502
19 389
22 669

Estimated living cost  is ₴32369 per week

₴21049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13743
₴20687
₴15710
₴23871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
trade
-
-
-
8 161
income

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

-
-
-
19 984
health

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

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

-
-
-
2 926
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.

-
-
-
1 099
total
-
-
-
32 170
Employee

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

25 739
-
67 500
-
health

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

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

2 926
-
2 926
-
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.

167
-
1 099
-
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.

3 027
-
19 984
-
total
6 120
-
24 009
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 761
67 500
-
-
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.

345
557
-
-
income
6 264
10 125
-
-
trade
7 162
11 576
-
-
chamber of commerce
124
160
-
-
total
13 895
22 418
-
-
Dividends
27 866
45 082
-
-
surtax

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

374
611
-
-
withholding
6 804
11 108
-
-
total
7 178
11 719
-
-
Income
67 500
67 500
67 500
67 500
Total tax
27 193
34 137
24 009
32 170
After tax
40 307
33 363
43 491
35 330
Living cost
19 620
19 620
19 620
19 620
Free-cash
20 687
13 743
23 871
15 710

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19367
₴21897
₴23513
₴23327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
9 918
pensions
-
-
-
12 793
other
-
-
-
2 093
health
-
-
-
2 607
surtax
-
-
-
-
social contributions
-
-
-
1 923
total
-
-
-
29 334
Employee
18 330
-
52 748
-
social contributions
523
-
1 503
-
surtax
-
-
-
-
income
1 082
-
9 807
-
pensions
2 073
-
3 457
-
total
3 678
-
14 767
-
Employer
18 330
-
52 748
-
other
632
-
1 968
-
social contributions
55
-
158
-
unemployment
742
-
2 136
-
pensions
3 011
-
5 859
-
health
1 283
-
4 632
-
total
5 723
-
14 753
-
Corporate
43 446
67 500
-
-
surtax
-
-
-
-
income
12 165
18 900
-
-
total
12 165
18 900
-
-
Dividends
31 281
48 600
-
-
surtax
-
-
-
-
social contributions
5 380
8 359
-
-
withholding
4 004
6 221
-
-
total
9 384
14 580
-
-
Income
67 500
67 500
67 500
67 500
Total tax
30 950
33 480
29 520
29 334
After tax
36 550
34 020
37 980
38 166
Living cost
14 653
14 653
14 653
14 653
Free-cash
21 897
19 367
23 327
23 513

Estimated living cost  is ₴14653 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20819
₴23197
₴24965
₴24779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
9 918
pensions
-
-
-
12 793
other
-
-
-
2 093
health
-
-
-
2 607
surtax
-
-
-
-
social contributions
-
-
-
1 923
total
-
-
-
29 334
Employee
16 362
-
52 748
-
social contributions
467
-
1 503
-
surtax
-
-
-
-
income
844
-
9 807
-
pensions
1 851
-
3 457
-
total
3 162
-
14 767
-
Employer
16 362
-
52 748
-
other
565
-
1 968
-
social contributions
49
-
158
-
unemployment
662
-
2 136
-
pensions
2 689
-
5 859
-
health
1 145
-
4 632
-
total
5 110
-
14 753
-
Corporate
46 028
67 500
-
-
surtax
-
-
-
-
income
12 888
18 900
-
-
total
12 888
18 900
-
-
Dividends
33 140
48 600
-
-
surtax
-
-
-
-
social contributions
5 700
8 359
-
-
withholding
4 242
6 221
-
-
total
9 942
14 580
-
-
Income
67 500
67 500
67 500
67 500
Total tax
31 102
33 480
29 520
29 334
After tax
36 398
34 020
37 980
38 166
Living cost
13 201
13 201
13 201
13 201
Free-cash
23 197
20 819
24 779
24 965

Estimated living cost  is ₴13201 per week

₴7656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32099
₴32320
₴34266
₴33107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
10 125
health
-
-
-
4 712
social contributions
-
-
-
9 315
total
-
-
-
24 152
Employee
14 522
-
67 500
-
social contributions
2 004
-
9 315
-
health
1 014
-
4 712
-
income
2 422
-
11 284
-
total
5 440
-
25 311
-
Employer
14 522
-
67 500
-
total
-
-
-
-
Corporate
52 978
67 500
-
-
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%.

2 649
3 375
-
-
total
2 649
3 375
-
-
Dividends
50 330
64 125
-
-
health
3 513
4 476
-
-
social contributions
6 946
8 849
-
-
withholding
7 550
9 619
-
-
total
18 009
22 944
-
-
Income
67 500
67 500
67 500
67 500
Total tax
26 098
26 319
25 311
24 152
After tax
41 402
41 181
42 189
43 348
Living cost
9 082
9 082
9 082
9 082
Free-cash
32 320
32 099
33 107
34 266

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22333
₴21670
₴19530
₴2609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
chamber of commerce
-
-
-
270
income
-
-
-
16 813
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
32 879
Employee
21 404
17 068
52 813
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
13 255
-
pensions
2 192
1 747
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 350
22 317
-
Employer
21 404
17 068
52 813
-
accident
278
222
650
-
other
1 017
810
2 485
-
chamber of commerce
85
68
211
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 142
6 279
-
payroll
642
512
1 584
-
health
809
645
1 891
-
total
6 244
4 996
14 686
-
Corporate
39 852
45 435
51 188
-
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.

9 963
11 359
12 797
-
total
9 963
11 359
12 797
-
Dividends
29 890
34 076
-
-
withholding
8 219
9 371
-
-
total
8 219
9 371
-
-
Income
67 500
67 500
67 500
67 500
Total tax
30 739
30 076
49 800
32 879
After tax
36 761
37 424
17 700
34 621
Living cost
15 091
15 091
15 091
15 091
Free-cash
21 670
22 333
2 609
19 530

Estimated living cost  is ₴15091 per week

₴10065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22151
₴15726
₴13676
₴8593
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
national
-
-
-
24 290
communal

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

-
-
-
3 420
social contributions
-
-
-
10 498
total
-
-
-
38 208
Employee

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

30 636
-
52 282
-
communal

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

1 598
-
2 727
-
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.

1 439
-
2 458
-
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.

2 298
-
3 921
-
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.

267
-
455
-
national
9 419
-
18 513
-
total
15 021
-
28 074
-
Employer

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

30 636
-
52 282
-
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.

398
-
679
-
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.

447
-
763
-
surtax
3 474
-
5 928
-
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.

2 715
-
4 632
-
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.

1 884
-
3 215
-
total
8 918
-
15 217
-
Corporate
27 947
67 500
-
-
surtax
112
270
-
-
income
5 589
13 500
-
-
total
5 701
13 770
-
-
Dividends
22 245
53 730
-
-
withholding

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

6 518
15 963
-
-
total
6 518
15 963
-
-
Income
67 500
67 500
67 500
67 500
Total tax
36 158
29 733
43 291
38 208
After tax
31 342
37 767
24 209
29 292
Living cost
15 616
15 616
15 616
15 616
Free-cash
15 726
22 151
8 593
13 676

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29622
₴26544
₴22502
₴20705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
accident
-
-
-
358
income
-
-
-
17 621
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
29 531
Employee
21 319
-
54 845
-
other
21
-
40
-
income
4 498
-
16 151
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
18 672
-
Employer
21 319
-
54 845
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
39 385
67 500
-
-
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.

5 908
10 125
-
-
total
5 908
10 125
-
-
Dividends
33 477
57 375
-
-
withholding
6 933
12 286
-
-
total
6 933
12 286
-
-
Income
67 500
67 500
67 500
67 500
Total tax
25 489
22 411
31 328
29 531
After tax
42 011
45 089
36 172
37 969
Living cost
15 467
15 467
15 467
15 467
Free-cash
26 544
29 622
20 705
22 502

Estimated living cost  is ₴15467 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16678
₴11591
₴10988
₴13678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
accident
-
-
-
569
income
-
-
-
10 197
pensions
-
-
-
10 117
health
-
-
-
4 742
surtax
-
-
-
3 346
communal
-
-
-
4 266
total
-
-
-
33 237
Employee
32 434
-
60 295
-
health
1 443
-
2 683
-
surtax
1 988
-
3 695
-
income
3 133
-
12 140
-
pensions
2 594
-
4 824
-
total
9 158
-
23 342
-
Employer
32 434
-
60 295
-
accident
292
-
543
-
pensions
2 594
-
4 824
-
health
989
-
1 838
-
total
3 875
-
7 205
-
Corporate
31 191
67 500
-
-
surtax
328
709
-
-
communal
2 105
4 556
-
-
income
4 678
10 125
-
-
total
7 111
15 390
-
-
Dividends
24 080
52 110
-
-
income
8 878
4 341
-
-
withholding
3 612
7 816
-
-
total
12 490
12 157
-
-
Income
67 500
67 500
67 500
67 500
Total tax
32 634
27 547
30 547
33 237
After tax
34 866
39 953
36 953
34 263
Living cost
23 275
23 275
23 275
23 275
Free-cash
11 591
16 678
13 678
10 988

Estimated living cost  is ₴23275 per week

₴17460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32837
₴31475
₴22413
₴19956
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
17 346
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 533
total
-
-
-
35 467
Employee
14 423
-
55 762
-
other
-
-
-
-
health
368
-
1 422
-
surtax
51
-
2 145
-
income
2 418
-
15 019
-
pensions
962
-
3 719
-
unemployment
1 004
-
3 881
-
total
4 803
-
26 186
-
Employer
14 423
-
55 762
-
other
-
-
-
-
unemployment
458
-
1 768
-
pensions
1 923
-
7 433
-
health
656
-
2 537
-
total
3 037
-
11 738
-
Corporate
50 040
67 500
-
-
income
13 011
17 550
-
-
total
13 011
17 550
-
-
Dividends
37 030
49 950
-
-
withholding
5 554
7 493
-
-
total
5 554
7 493
-
-
Income
67 500
67 500
67 500
67 500
Total tax
26 405
25 043
37 924
35 467
After tax
41 095
42 457
29 576
32 033
Living cost
9 620
9 620
9 620
9 620
Free-cash
31 475
32 837
19 956
22 413

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23943
₴22992
₴20957
₴17925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
municipal
-
-
-
402
regional
-
-
-
1 018
national
-
-
-
16 225
social contributions
-
-
-
17 361
total
-
-
-
35 006
Employee
23 758
-
67 500
-
social contributions
8 011
-
22 761
-
regional
320
-
908
-
municipal
126
-
358
-
national
3 764
-
14 011
-
total
12 221
-
38 038
-
Employer
23 758
-
67 500
-
total
-
-
-
-
Corporate
43 742
67 500
-
-
nationa
10 498
16 200
-
-
municipal
2 174
3 355
-
-
total
12 672
19 555
-
-
Dividends
31 070
47 945
-
-
withholding
8 078
12 465
-
-
total
8 078
12 465
-
-
Income
67 500
67 500
67 500
67 500
Total tax
32 971
32 020
38 038
35 006
After tax
34 529
35 480
29 462
32 494
Living cost
11 537
11 537
11 537
11 537
Free-cash
22 992
23 943
17 925
20 957

Estimated living cost  is ₴11537 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33835
₴29326
₴24446
₴21615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
6 544
health
-
-
-
9 112
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
30 415
Employee
18 587
-
50 373
-
social contributions
1 208
-
3 274
-
health
2 509
-
6 800
-
solidarity contribution
-
-
-
-
income
2 230
-
6 045
-
total
5 947
-
16 119
-
Employer
18 587
-
50 373
-
social contributions
4 647
-
12 593
-
health
1 673
-
4 534
-
total
6 320
-
17 127
-
Corporate
42 593
67 500
-
-
income
8 093
12 825
-
-
total
8 093
12 825
-
-
Dividends
34 500
54 675
-
-
withholding
5 175
8 201
-
-
total
5 175
8 201
-
-
Income
67 500
67 500
67 500
67 500
Total tax
25 535
21 026
33 246
30 415
After tax
41 965
46 474
34 254
37 085
Living cost
12 639
12 639
12 639
12 639
Free-cash
29 326
33 835
21 615
24 446

Estimated living cost  is ₴12639 per week

₴9399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23807
₴23592
₴21042
₴4062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
chamber of commerce
-
-
-
270
income
-
-
-
16 813
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
32 794
Employee
18 722
17 068
52 892
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
13 289
-
pensions
1 917
1 747
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 350
22 351
-
Employer
18 722
17 068
52 892
-
accident
243
222
650
-
other
889
810
2 488
-
chamber of commerce
75
68
211
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 142
6 279
-
payroll
562
512
1 587
-
health
708
645
1 891
-
total
5 389
4 911
14 607
-
Corporate
43 390
45 520
51 267
-
income

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

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

10 848
11 380
12 816
-
total
10 848
11 380
12 816
-
Dividends
32 543
34 139
-
-
withholding
8 949
9 388
-
-
total
8 949
9 388
-
-
Income
67 500
67 500
67 500
67 500
Total tax
30 244
30 029
49 774
32 794
After tax
37 256
37 471
17 726
34 706
Living cost
13 664
13 664
13 664
13 664
Free-cash
23 592
23 807
4 062
21 042

Estimated living cost  is ₴13664 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58120
₴56994
₴60820
₴47995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
67 500
microenterprise

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

-
-
-
675
total
-
-
-
675
Employee
7 506
-
67 500
-
income
1 501
-
13 500
-
total
1 501
-
13 500
-
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%.

59 994
67 500
-
-
total
-
-
-
-
Dividends
59 994
67 500
-
-
withholding
3 000
3 375
-
-
total
3 000
3 375
-
-
Income
67 500
67 500
67 500
67 500
Total tax
4 501
3 375
13 500
675
After tax
62 999
64 125
54 000
66 825
Living cost
6 005
6 005
6 005
6 005
Free-cash
56 994
58 120
47 995
60 820

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34985
₴31404
₴21881
₴20094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
income
-
-
-
15 059
pensions
-
-
-
12 327
unemployment
-
-
-
102
health
-
-
-
6 643
total
-
-
-
34 131
Employee

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

18 939
-
58 406
-
health
1 223
-
3 773
-
income
3 266
-
13 916
-
pensions
2 936
-
9 053
-
unemployment
27
-
82
-
total
7 452
-
26 824
-
Employer

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

18 939
-
58 406
-
unemployment
11
-
35
-
pensions
1 676
-
5 169
-
health
1 261
-
3 890
-
total
2 948
-
9 094
-
Corporate
45 612
67 500
-
-
income
8 666
12 825
-
-
total
8 666
12 825
-
-
Dividends
36 946
54 675
-
-
withholding
5 542
8 202
-
-
total
5 542
8 202
-
-
Income
67 500
67 500
67 500
67 500
Total tax
24 608
21 027
35 918
34 131
After tax
42 892
46 473
31 582
33 369
Living cost
11 488
11 488
11 488
11 488
Free-cash
31 404
34 985
20 094
21 881

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22577
₴2194
₴28158
₴43372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
13 157
social contributions
-
-
-
7 695
total
-
-
-
20 852
Employee
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
3 606
67 500
-
-
income
793
14 850
-
-
total
793
14 850
-
-
Dividends
2 813
52 650
-
-
income
619
11 583
-
-
total
619
11 583
-
-
Income
67 500
67 500
67 500
67 500
Total tax
46 816
26 433
5 638
20 852
After tax
20 684
41 067
61 862
46 648
Living cost
18 490
18 490
18 490
18 490
Free-cash
2 194
22 577
43 372
28 158

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
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.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24960
₴24529
₴23003
₴18107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
income
-
-
-
7 607
surtax
-
-
-
-
social contributions

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

-
-
-
23 456
total
-
-
-
31 063
Employee
19 698
-
54 545
-
social contributions
2 167
-
6 000
-
surtax
-
-
-
-
income
4 097
-
17 004
-
total
6 264
-
23 004
-
Employer
19 698
-
54 545
-
social contributions
4 678
-
12 955
-
total
4 678
-
12 955
-
Corporate
43 124
67 500
-
-
surtax
-
-
-
-
income
9 056
14 175
-
-
total
9 056
14 175
-
-
Dividends
34 068
53 325
-
-
withholding
9 539
14 931
-
-
total
9 539
14 931
-
-
Income
67 500
67 500
67 500
67 500
Total tax
29 537
29 106
35 959
31 063
After tax
37 963
38 394
31 541
36 437
Living cost
13 434
13 434
13 434
13 434
Free-cash
24 529
24 960
18 107
23 003

Estimated living cost  is ₴13434 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13334
₴16277
₴17480
₴17294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
9 918
pensions
-
-
-
12 793
other
-
-
-
2 093
health
-
-
-
2 607
surtax
-
-
-
-
social contributions
-
-
-
1 923
total
-
-
-
29 334
Employee
26 825
-
52 748
-
social contributions
764
-
1 503
-
surtax
-
-
-
-
income
2 341
-
9 807
-
pensions
3 034
-
3 457
-
total
6 139
-
14 767
-
Employer
26 825
-
52 748
-
other
926
-
1 968
-
social contributions
80
-
158
-
unemployment
1 087
-
2 136
-
pensions
4 408
-
5 859
-
health
1 877
-
4 632
-
total
8 378
-
14 753
-
Corporate
32 297
67 500
-
-
surtax
-
-
-
-
income
9 044
18 900
-
-
total
9 044
18 900
-
-
Dividends
23 254
48 600
-
-
surtax
-
-
-
-
social contributions
4 000
8 359
-
-
withholding
2 976
6 221
-
-
total
6 976
14 580
-
-
Income
67 500
67 500
67 500
67 500
Total tax
30 537
33 480
29 520
29 334
After tax
36 963
34 020
37 980
38 166
Living cost
20 686
20 686
20 686
20 686
Free-cash
16 277
13 334
17 294
17 480

Estimated living cost  is ₴20686 per week

₴14000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47876
₴46438
₴37112
₴38906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
2 664
social contributions
-
-
-
14 850
total
-
-
-
17 514
Employee
13 769
-
58 442
-
income
-
-
2 863
-
social contributions
895
-
3 799
-
total
895
-
6 662
-
Employer
13 769
-
58 442
-
social contributions
2 134
-
9 058
-
total
2 134
-
9 058
-
Corporate
51 597
67 500
-
-
income
5 159
6 750
-
-
total
5 159
6 750
-
-
Dividends
46 437
60 750
-
-
total
-
-
-
-
Income
67 500
67 500
67 500
67 500
Total tax
8 188
6 750
15 720
17 514
After tax
59 312
60 750
51 780
49 986
Living cost
12 874
12 874
12 874
12 874
Free-cash
46 438
47 876
38 906
37 112

Estimated living cost  is ₴12874 per week

₴8324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25855
-₴25855
₴19636
-₴25855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
municipal
-
-
-
13 824
pensions
-
-
-
371
national
-
-
-
7 664
labour market
-
-
-
5 370
total
-
-
-
27 229
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
67 500
67 500
67 500
67 500
Total tax
72 720
72 720
72 720
27 229
After tax
-5 220
-5 220
-5 220
40 271
Living cost
20 635
20 635
20 635
20 635
Free-cash
-25 855
-25 855
-25 855
19 636

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
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.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3761
₴4052
₴36940
₴27173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
accident
-
-
-
108
income
-
-
-
18 364
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 331
Employee
14 518
-
60 324
-
health
1 662
-
6 907
-
income
1 992
-
13 767
-
pensions
1 635
-
3 248
-
total
5 289
-
23 922
-
Employer
14 518
-
60 324
-
accident
242
-
1 007
-
unemployment
356
-
1 478
-
pensions
2 361
-
4 691
-
total
2 959
-
7 176
-
Corporate
50 023
67 500
-
-
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.

45 021
60 750
-
-
total
45 021
60 750
-
-
Dividends
5 002
6 750
-
-
withholding
950
1 282
-
-
total
950
1 282
-
-
Income
67 500
67 500
67 500
67 500
Total tax
54 219
62 032
31 098
21 331
After tax
13 281
5 468
36 402
46 169
Living cost
9 229
9 229
9 229
9 229
Free-cash
4 052
-3 761
27 173
36 940

Estimated living cost  is ₴9229 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
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.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26347
₴27234
₴28248
₴19472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
67 500
municipal
-
-
-
11 995
health
-
-
-
861
national
-
-
-
9 953
total
-
-
-
22 809
Employee
22 533
-
56 785
-
health
168
-
696
-
municipal
3 691
-
9 252
-
pensions
1 521
-
3 833
-
unemployment
338
-
852
-
national
372
-
6 237
-
total
6 090
-
20 870
-
Employer
22 533
-
56 785
-
accident
23
-
57
-
unemployment
146
-
369
-
pensions
3 909
-
9 852
-
health
173
-
437
-
total
4 251
-
10 715
-
Corporate
40 715
67 500
-
-
income
8 143
13 500
-
-
total
8 143
13 500
-
-
Dividends

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

24 429
40 500
-
-
national
942
3 920
-
-
municipal
4 397
7 290
-
-
total
5 339
11 210
-
-
Income
67 500
67 500
67 500
67 500
Total tax
23 823
24 710
31 585
22 809
After tax
43 677
42 790
35 915
44 691
Living cost
16 443
16 443
16 443
16 443
Free-cash
27 234
26 347
19 472
28 248

Estimated living cost  is ₴16443 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39351
₴37022
₴36618
₴36002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
12 315
health
-
-
-
1 721
social contributions
-
-
-
6 930
total
-
-
-
20 966
Employee
32 933
32 933
62 654
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 066
-
income
3 586
3 049
11 983
-
total
5 086
6 342
16 736
-
Employer
32 933
32 933
62 654
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 159
-
total
1 522
3 343
4 846
-
Corporate
50 975
31 224
-
-
income
6 372
3 903
-
-
total
6 372
3 903
-
-
Dividends
44 603
27 321
-
-
withholding
7 582
4 645
-
-
total
7 582
4 645
-
-
Income
67 500
67 500
67 500
67 500
Total tax
20 562
18 233
21 582
20 966
After tax
46 938
49 267
45 918
46 534
Living cost
9 916
9 916
9 916
9 916
Free-cash
37 022
39 351
36 002
36 618

Estimated living cost  is ₴9916 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49097
₴46918
₴49612
₴41021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
67 500
income
-
-
-
6 802
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
11 088
Employee

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

9 831
-
63 314
-
health
836
-
3 454
-
income
672
-
5 741
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
15 494
-
Employer

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

9 831
-
63 314
-
unemployment
49
-
203
-
pensions
540
-
2 235
-
health
423
-
1 747
-
total
1 012
-
4 185
-
Corporate
56 657
67 500
-
-
income
5 099
6 075
-
-
total
5 099
6 075
-
-
Dividends
51 558
61 425
-
-
withholding
4 640
5 528
-
-
total
4 640
5 528
-
-
Income
67 500
67 500
67 500
67 500
Total tax
13 782
11 603
19 679
11 088
After tax
53 718
55 897
47 821
56 412
Living cost
6 800
6 800
6 800
6 800
Free-cash
46 918
49 097
41 021
49 612

Estimated living cost  is ₴6800 per week

₴4339
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33312
₴31401
₴26192
₴24395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
accident
-
-
-
358
income
-
-
-
17 621
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
29 531
Employee
15 836
-
54 845
-
other
15
-
40
-
income
3 053
-
16 151
-
pensions
744
-
1 866
-
unemployment
245
-
615
-
total
4 057
-
18 672
-
Employer
15 836
-
54 845
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
46 615
67 500
-
-
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.

6 992
10 125
-
-
total
6 992
10 125
-
-
Dividends
39 623
57 375
-
-
withholding
8 224
12 286
-
-
total
8 224
12 286
-
-
Income
67 500
67 500
67 500
67 500
Total tax
24 322
22 411
31 328
29 531
After tax
43 178
45 089
36 172
37 969
Living cost
11 777
11 777
11 777
11 777
Free-cash
31 401
33 312
24 395
26 192

Estimated living cost  is ₴11777 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
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.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40950
₴40757
₴42018
₴41936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
22 840
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
24 312
Employee
1 782
-
66 540
-
health
89
-
213
-
income
345
-
22 795
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
23 435
-
Employer
1 782
-
66 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
65 317
67 500
-
-
income
14 370
14 850
-
-
total
14 370
14 850
-
-
Dividends
50 948
52 650
-
-
withholding
10 190
10 530
-
-
total
10 190
10 530
-
-
Income
67 500
67 500
67 500
67 500
Total tax
25 573
25 380
24 394
24 312
After tax
41 927
42 120
43 106
43 188
Living cost
1 170
1 170
1 170
1 170
Free-cash
40 757
40 950
41 936
42 018

Estimated living cost  is ₴1170 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴41361
₴39253
₴33040
₴33041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
income
-
-
-
15 086
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
27 052
Employee

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

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

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

11 170
-
61 834
-
health
575
-
1 630
-
income
1 540
-
15 086
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
21 385
-
Employer

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

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

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

11 170
-
61 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
54 330
67 500
-
-
income
8 150
10 125
-
-
total
8 150
10 125
-
-
Dividends
46 181
57 375
-
-
withholding
6 927
8 606
-
-
total
6 927
8 606
-
-
Income
67 500
67 500
67 500
67 500
Total tax
20 839
18 731
27 051
27 052
After tax
46 661
48 769
40 449
40 448
Living cost
7 408
7 408
7 408
7 408
Free-cash
39 253
41 361
33 041
33 040

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26848
₴26692
₴24891
₴19995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
income
-
-
-
7 607
surtax
-
-
-
-
social contributions

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

-
-
-
23 456
total
-
-
-
31 063
Employee
16 623
-
54 545
-
social contributions
1 829
-
6 000
-
surtax
-
-
-
-
income
3 248
-
17 004
-
total
5 077
-
23 004
-
Employer
16 623
-
54 545
-
social contributions
3 948
-
12 955
-
total
3 948
-
12 955
-
Corporate
46 930
67 500
-
-
surtax
-
-
-
-
income
9 856
14 175
-
-
total
9 856
14 175
-
-
Dividends
37 074
53 325
-
-
withholding
10 381
14 931
-
-
total
10 381
14 931
-
-
Income
67 500
67 500
67 500
67 500
Total tax
29 262
29 106
35 959
31 063
After tax
38 238
38 394
31 541
36 437
Living cost
11 546
11 546
11 546
11 546
Free-cash
26 692
26 848
19 995
24 891

Estimated living cost  is ₴11546 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30037
₴27106
₴22917
₴21120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
accident
-
-
-
358
income
-
-
-
17 621
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
29 531
Employee
20 684
-
54 845
-
other
20
-
40
-
income
4 320
-
16 151
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
18 672
-
Employer
20 684
-
54 845
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
40 221
67 500
-
-
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.

6 033
10 125
-
-
total
6 033
10 125
-
-
Dividends
34 188
57 375
-
-
withholding
7 082
12 286
-
-
total
7 082
12 286
-
-
Income
67 500
67 500
67 500
67 500
Total tax
25 342
22 411
31 328
29 531
After tax
42 158
45 089
36 172
37 969
Living cost
15 052
15 052
15 052
15 052
Free-cash
27 106
30 037
21 120
22 917

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50340
₴47729
₴46005
₴48566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
10 125
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
14 123
Employee
9 762
-
64 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
6 456
-
pensions

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

857
-
1 314
-
total
2 389
-
8 624
-
Employer
9 762
-
64 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
55 822
67 500
-
-
income
5 582
6 750
-
-
total
5 582
6 750
-
-
Dividends
50 240
60 750
-
-
withholding
2 512
3 038
-
-
total
2 512
3 038
-
-
Income
67 500
67 500
67 500
67 500
Total tax
12 399
9 788
11 562
14 123
After tax
55 101
57 712
55 938
53 377
Living cost
7 372
7 372
7 372
7 372
Free-cash
47 729
50 340
48 566
46 005

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18217
₴23821
₴20127
₴26956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
trade
-
-
-
6 829
income

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

-
-
-
19 984
health

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

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

-
-
-
2 926
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.

-
-
-
1 099
total
-
-
-
30 838
Employee

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

21 310
-
67 500
-
health

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

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

2 926
-
2 926
-
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.

97
-
1 099
-
income

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

1 752
-
19 984
-
total
4 775
-
24 009
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 190
67 500
-
-
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.

381
557
-
-
income
6 929
10 125
-
-
trade
6 628
9 686
-
-
chamber of commerce
132
164
-
-
total
14 070
20 532
-
-
Dividends
32 119
46 967
-
-
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.

432
637
-
-
withholding
7 867
11 579
-
-
total
8 299
12 216
-
-
Income
67 500
67 500
67 500
67 500
Total tax
27 144
32 748
24 009
30 838
After tax
40 356
34 752
43 491
36 662
Living cost
16 535
16 535
16 535
16 535
Free-cash
23 821
18 217
26 956
20 127

Estimated living cost  is ₴16535 per week

₴11406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22853
₴23799
₴12104
₴12104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
19 921
social contributions
-
-
-
11 078
total
-
-
-
30 999
Employee
33 502
-
67 500
-
income
6 322
-
19 921
-
social contributions
2 783
-
11 078
-
total
9 105
-
30 999
-
Employer
33 502
-
67 500
-
total
-
-
-
-
Corporate
33 998
67 500
-
-
income
4 250
8 437
-
-
total
4 250
8 437
-
-
Dividends
29 748
59 063
-
-
withholding
5 949
11 813
-
-
total
5 949
11 813
-
-
Income
67 500
67 500
67 500
67 500
Total tax
19 304
20 250
30 999
30 999
After tax
48 196
47 250
36 501
36 501
Living cost
24 397
24 397
24 397
24 397
Free-cash
23 799
22 853
12 104
12 104

Estimated living cost  is ₴24397 per week

₴18561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26065
₴27561
₴36901
₴32931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
income
-
-
-
12 191
health

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

-
-
-
2 861
total
-
-
-
15 052
Employee
19 647
-
65 530
-
income
2 132
-
15 082
-
social contributions
1 969
-
1 970
-
total
4 101
-
17 052
-
Employer
19 647
-
65 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
45 884
67 500
-
-
income
16 059
23 625
-
-
total
16 059
23 625
-
-
Dividends
29 825
43 875
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
67 500
67 500
67 500
67 500
Total tax
24 392
25 888
19 022
15 052
After tax
43 108
41 612
48 478
52 448
Living cost
15 547
15 547
15 547
15 547
Free-cash
27 561
26 065
32 931
36 901

Estimated living cost  is ₴15547 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29105
₴31650
₴29412
₴23258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
income
-
-
-
18 421
pensions
-
-
-
3 703
total
-
-
-
22 124
Employee
21 912
-
59 041
-
health
286
-
888
-
income
3 990
-
14 317
-
pensions
1 672
-
4 614
-
total
5 948
-
19 819
-
Employer
21 912
-
59 041
-
pensions
2 214
-
7 337
-
health
416
-
1 122
-
total
2 630
-
8 459
-
Corporate
42 957
67 500
-
-
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.

8 162
12 825
-
-
total
8 162
12 825
-
-
Dividends
34 796
54 675
-
-
withholding
3 146
9 606
-
-
total
3 146
9 606
-
-
Income
67 500
67 500
67 500
67 500
Total tax
19 886
22 431
28 278
22 124
After tax
47 614
45 069
39 222
45 376
Living cost
15 964
15 964
15 964
15 964
Free-cash
31 650
29 105
23 258
29 412

Estimated living cost  is ₴15964 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4675
₴3911
₴36026
₴26259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
accident
-
-
-
108
income
-
-
-
18 364
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 331
Employee
15 955
-
60 324
-
health
1 827
-
6 907
-
income
2 189
-
13 767
-
pensions
1 797
-
3 248
-
total
5 813
-
23 922
-
Employer
15 955
-
60 324
-
accident
266
-
1 007
-
unemployment
391
-
1 478
-
pensions
2 594
-
4 691
-
total
3 251
-
7 176
-
Corporate
48 293
67 500
-
-
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.

43 464
60 750
-
-
total
43 464
60 750
-
-
Dividends
4 829
6 750
-
-
withholding
918
1 282
-
-
total
918
1 282
-
-
Income
67 500
67 500
67 500
67 500
Total tax
53 446
62 032
31 098
21 331
After tax
14 054
5 468
36 402
46 169
Living cost
10 143
10 143
10 143
10 143
Free-cash
3 911
-4 675
26 259
36 026

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51016
₴49013
₴32143
₴41288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
67 500
work injury
-
-
-
338
health insurance
-
-
-
4 995
income
-
-
-
11 009
pensions
-
-
-
12 420
unemployment
-
-
-
810
total
-
-
-
29 572
Employee

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

9 257
-
67 500
-
work injury
46
-
171
-
income
926
-
11 009
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
20 427
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 243
67 500
-
-
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%.

582
675
-
-
total
582
675
-
-
Dividends
57 661
66 825
-
-
withholding
8 649
10 024
-
-
total
8 649
10 024
-
-
Income
67 500
67 500
67 500
67 500
Total tax
12 702
10 699
20 427
29 572
After tax
54 798
56 801
47 073
37 928
Living cost
5 785
5 785
5 785
5 785
Free-cash
49 013
51 016
41 288
32 143

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18493
₴16545
₴14864
₴11901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
67 500
municipal
-
-
-
451
regional
-
-
-
1 537
national
-
-
-
16 225
social contributions
-
-
-
17 361
total
-
-
-
35 574
Employee
36 090
-
67 500
-
social contributions
12 169
-
22 761
-
regional
545
-
1 363
-
municipal
215
-
402
-
national
6 099
-
14 011
-
total
19 028
-
38 537
-
Employer
36 090
-
67 500
-
total
-
-
-
-
Corporate
31 410
67 500
-
-
nationa
7 538
16 200
-
-
municipal
1 514
3 253
-
-
total
9 052
19 453
-
-
Dividends
22 357
48 047
-
-
withholding
5 813
12 492
-
-
total
5 813
12 492
-
-
Income
67 500
67 500
67 500
67 500
Total tax
33 893
31 945
38 537
35 574
After tax
33 607
35 555
28 963
31 926
Living cost
17 062
17 062
17 062
17 062
Free-cash
16 545
18 493
11 901
14 864

Estimated living cost  is ₴17062 per week

₴11985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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