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
₴ 68500
per

Your estimated
City
free-cash

Dresden , Germany
₴21546
₴26300
₴23410
₴31053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
trade
-
-
-
7 643
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.

-
-
-
20 377
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.

-
-
-
2 935
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.

-
-
-
1 121
total
-
-
-
32 076
Employee

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

16 434
-
68 500
-
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.

2 935
-
2 935
-
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
-
1 121
-
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.

459
-
20 377
-
total
3 419
-
24 433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 066
68 500
-
-
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.

430
565
-
-
income
7 810
10 275
-
-
trade
8 200
10 788
-
-
chamber of commerce
140
164
-
-
total
16 580
21 792
-
-
Dividends
35 486
46 708
-
-
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.

479
634
-
-
withholding
8 708
11 514
-
-
total
9 187
12 148
-
-
Income
68 500
68 500
68 500
68 500
Total tax
29 186
33 940
24 433
32 076
After tax
39 314
34 560
44 067
36 424
Living cost
13 014
13 014
13 014
13 014
Free-cash
26 300
21 546
31 053
23 410

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21065
₴20706
₴18856
₴19393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
municipal
-
-
-
7 456
pensions
-
-
-
8 220
national
-
-
-
11 553
social contributions
-
-
-
736
total
-
-
-
27 965
Employee
33 606
-
59 218
-
municipal
4 151
-
7 721
-
pensions
1 344
-
2 369
-
national
6 432
-
11 964
-
total
11 927
-
22 054
-
Employer
33 606
-
59 218
-
social contributions
361
-
637
-
pensions
2 688
-
4 737
-
total
3 049
-
5 374
-
Corporate
29 627
68 500
-
-
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%.

5 925
13 700
-
-
total
5 925
13 700
-
-
Dividends
23 701
54 800
-
-
withholding
5 214
12 056
-
-
total
5 214
12 056
-
-
Income
68 500
68 500
68 500
68 500
Total tax
26 115
25 756
27 428
27 965
After tax
42 385
42 744
41 072
40 535
Living cost
21 679
21 679
21 679
21 679
Free-cash
20 706
21 065
19 393
18 856

Estimated living cost  is ₴21679 per week

₴14735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45861
₴42337
₴14082
₴32297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
microenterprise
-
-
-
-
income
-
-
-
11 549
surtax
-
-
-
17 467
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.

-
-
-
16 463
total
-
-
-
45 479
Employee
12 555
-
49 952
-
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.

1 381
-
5 495
-
surtax
-
-
-
-
income
2 235
-
9 736
-
total
3 616
-
15 231
-
Employer
12 555
-
49 952
-
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.

3 024
-
12 033
-
surtax
-
-
-
-
total
3 024
-
12 033
-
Corporate
52 920
68 500
-
-
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%.

10 584
13 700
-
-
total
10 584
13 700
-
-
Dividends

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

42 337
54 800
-
-
total
-
-
-
-
Income
68 500
68 500
68 500
68 500
Total tax
17 224
13 700
27 264
45 479
After tax
51 276
54 800
41 236
23 021
Living cost
8 939
8 939
8 939
8 939
Free-cash
42 337
45 861
32 297
14 082

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15807
₴13173
₴20319
₴24019
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
19 849
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
30 181
Employee
36 692
36 692
60 515
-
health
5 632
4 790
5 298
-
income

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

6 006
6 006
8 165
-
pensions
6 605
5 034
5 034
-
total
18 243
15 830
18 497
-
Employer
36 692
36 692
60 515
-
unemployment
1 321
1 321
1 641
-
pensions
2 554
2 554
3 174
-
health
2 551
2 551
3 169
-
total
6 426
6 426
7 984
-
Corporate
25 833
25 382
-
-
income
5 166
5 077
-
-
total
5 166
5 077
-
-
Dividends
20 666
20 306
-
-
income
4 392
4 315
-
-
withholding
3 100
3 045
-
-
total
7 492
7 360
-
-
Income
68 500
68 500
68 500
68 500
Total tax
37 327
34 693
26 481
30 181
After tax
31 173
33 807
42 019
38 319
Living cost
18 000
18 000
18 000
18 000
Free-cash
13 173
15 807
24 019
20 319

Estimated living cost  is ₴18000 per week

₴12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20734
₴20358
₴18821
₴18417
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
municipal
-
-
-
17 271
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
5 159
total
-
-
-
33 012
Employee
23 748
-
57 023
-
municipal
7 082
-
17 004
-
national
-
-
4 936
-
total
7 082
-
21 940
-
Employer
23 748
-
57 023
-
accident
48
-
73
-
other
2 760
-
4 244
-
unemployment
627
-
964
-
pensions
2 567
-
3 949
-
health
1 461
-
2 246
-
total
7 463
-
11 476
-
Corporate
37 290
68 500
-
-
income
8 204
15 070
-
-
total
8 204
15 070
-
-
Dividends
29 086
53 430
-
-
withholding
8 726
16 029
-
-
total
8 726
16 029
-
-
Income
68 500
68 500
68 500
68 500
Total tax
31 475
31 099
33 416
33 012
After tax
37 025
37 401
35 084
35 488
Living cost
16 667
16 667
16 667
16 667
Free-cash
20 358
20 734
18 417
18 821

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17329
₴23366
₴19206
₴27188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
trade
-
-
-
7 982
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.

-
-
-
20 377
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.

-
-
-
2 935
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.

-
-
-
1 121
total
-
-
-
32 415
Employee

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

21 790
-
68 500
-
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.

2 935
-
2 935
-
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.

103
-
1 121
-
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.

1 872
-
20 377
-
total
4 910
-
24 433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
46 710
68 500
-
-
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.

386
565
-
-
income
7 007
10 275
-
-
trade
7 684
11 269
-
-
chamber of commerce
131
162
-
-
total
15 208
22 271
-
-
Dividends
31 503
46 229
-
-
surtax

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

424
627
-
-
withholding
7 713
11 394
-
-
total
8 137
12 021
-
-
Income
68 500
68 500
68 500
68 500
Total tax
28 255
34 292
24 433
32 415
After tax
40 245
34 208
44 067
36 085
Living cost
16 879
16 879
16 879
16 879
Free-cash
23 366
17 329
27 188
19 206

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36058
₴34279
₴33244
₴32621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
12 621
health
-
-
-
1 747
social contributions
-
-
-
6 952
total
-
-
-
21 320
Employee
33 040
33 040
63 624
-
social contributions
1 605
2 742
3 699
-
health
329
562
1 081
-
income
3 469
3 059
12 287
-
total
5 403
6 363
17 067
-
Employer
33 040
33 040
63 624
-
social contributions
1 605
2 742
3 699
-
health
358
612
1 177
-
total
1 963
3 354
4 876
-
Corporate
47 197
32 106
-
-
income
5 899
4 013
-
-
total
5 899
4 013
-
-
Dividends
41 297
28 093
-
-
withholding
7 020
4 776
-
-
total
7 020
4 776
-
-
Income
68 500
68 500
68 500
68 500
Total tax
20 285
18 506
21 943
21 320
After tax
48 215
49 994
46 557
47 180
Living cost
13 936
13 936
13 936
13 936
Free-cash
34 279
36 058
32 621
33 244

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1089
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30698
₴30859
₴39656
₴31912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
8 374
pensions
-
-
-
6 850
unemployment
-
-
-
1 028
health
-
-
-
4 795
total
-
-
-
21 047
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.

11 255
4 479
57 322
-
health
788
314
4 013
-
income
1 376
548
7 008
-
pensions
1 125
448
5 732
-
unemployment
169
67
860
-
total
3 458
1 377
17 613
-
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.

11 255
4 479
57 322
-
pensions
2 195
873
11 178
-
total
2 195
873
11 178
-
Corporate
55 051
63 147
-
-
income
4 955
5 683
-
-
total
4 955
5 683
-
-
Dividends
50 096
57 464
-
-
social contributions
9 718
11 154
-
-
withholding
9 518
10 918
-
-
total
19 236
22 072
-
-
Income
68 500
68 500
68 500
68 500
Total tax
29 844
30 005
28 791
21 047
After tax
38 656
38 495
39 709
47 453
Living cost
7 797
7 797
7 797
7 797
Free-cash
30 859
30 698
31 912
39 656

Estimated living cost  is ₴7797 per week

₴5320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44422
₴41753
₴26339
₴29106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
9 179
pensions
-
-
-
13 699
health
-
-
-
8 905
total
-
-
-
31 783
Employee
12 189
-
51 196
-
income
1 372
-
9 870
-
pensions
244
-
1 024
-
unemployment
195
-
819
-
total
1 811
-
11 713
-
Employer
12 189
-
51 196
-
unemployment
98
-
409
-
pensions
2 438
-
10 239
-
health
1 584
-
6 655
-
total
4 120
-
17 303
-
Corporate
52 191
68 500
-
-
income
10 438
13 700
-
-
total
10 438
13 700
-
-
Dividends
41 753
54 800
-
-
total
-
-
-
-
Income
68 500
68 500
68 500
68 500
Total tax
16 369
13 700
29 016
31 783
After tax
52 131
54 800
39 484
36 717
Living cost
10 378
10 378
10 378
10 378
Free-cash
41 753
44 422
29 106
26 339

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3881
₴4103
₴37423
₴27532
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
accident
-
-
-
108
income
-
-
-
18 663
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
21 648
Employee
14 833
-
61 254
-
health
1 698
-
7 014
-
income
2 035
-
14 009
-
pensions
1 670
-
3 270
-
total
5 403
-
24 293
-
Employer
14 833
-
61 254
-
accident
248
-
1 023
-
unemployment
363
-
1 501
-
pensions
2 412
-
4 722
-
total
3 023
-
7 246
-
Corporate
50 644
68 500
-
-
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.

45 580
61 650
-
-
total
45 580
61 650
-
-
Dividends
5 064
6 850
-
-
withholding
962
1 302
-
-
total
962
1 302
-
-
Income
68 500
68 500
68 500
68 500
Total tax
54 968
62 952
31 539
21 648
After tax
13 532
5 548
36 961
46 852
Living cost
9 429
9 429
9 429
9 429
Free-cash
4 103
-3 881
27 532
37 423

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61182
₴60452
₴63922
₴50907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
68 500
microenterprise

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

-
-
-
685
total
-
-
-
685
Employee
4 866
-
68 500
-
income
973
-
13 700
-
total
973
-
13 700
-
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%.

63 634
68 500
-
-
total
-
-
-
-
Dividends
63 634
68 500
-
-
withholding
3 182
3 425
-
-
total
3 182
3 425
-
-
Income
68 500
68 500
68 500
68 500
Total tax
4 155
3 425
13 700
685
After tax
64 345
65 075
54 800
67 815
Living cost
3 893
3 893
3 893
3 893
Free-cash
60 452
61 182
50 907
63 922

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38878
₴35975
₴25501
₴27546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
9 891
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.

-
-
-
15 681
other
-
-
-
3 103
health
-
-
-
2 875
total
-
-
-
31 550
Employee
15 601
-
54 713
-
health
219
-
766
-
income
2 686
-
10 574
-
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.

1 092
-
3 830
-
unemployment
156
-
547
-
total
4 153
-
15 717
-
Employer
15 601
-
54 713
-
accident
125
-
438
-
other
780
-
2 736
-
unemployment
156
-
547
-
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.

2 652
-
9 301
-
health
219
-
766
-
total
3 932
-
13 788
-
Corporate
48 967
68 500
-
-
income
10 283
14 385
-
-
total
10 283
14 385
-
-
Dividends
38 684
54 115
-
-
withholding
2 708
3 788
-
-
total
2 708
3 788
-
-
Income
68 500
68 500
68 500
68 500
Total tax
21 076
18 173
29 505
31 550
After tax
47 424
50 327
38 995
36 950
Living cost
11 449
11 449
11 449
11 449
Free-cash
35 975
38 878
27 546
25 501

Estimated living cost  is ₴11449 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
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.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16904
₴16731
₴17257
₴11017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
18 824
pensions
-
-
-
3 719
total
-
-
-
22 543
Employee
40 606
-
59 904
-
health
669
-
896
-
income
7 320
-
14 665
-
pensions
3 917
-
4 626
-
total
11 906
-
20 187
-
Employer
40 606
-
59 904
-
pensions
4 794
-
7 458
-
health
771
-
1 138
-
total
5 565
-
8 596
-
Corporate
22 328
68 500
-
-
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.

4 242
13 015
-
-
total
4 242
13 015
-
-
Dividends
18 086
55 485
-
-
withholding
1 356
9 881
-
-
total
1 356
9 881
-
-
Income
68 500
68 500
68 500
68 500
Total tax
23 069
22 896
28 783
22 543
After tax
45 431
45 604
39 717
45 957
Living cost
28 700
28 700
28 700
28 700
Free-cash
16 731
16 904
11 017
17 257

Estimated living cost  is ₴28700 per week

₴21505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
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.
₴3589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴52935
₴50938
₴48585
₴51195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
10 275
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
14 282
Employee
7 458
-
65 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
6 555
-
pensions

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

655
-
1 318
-
total
1 826
-
8 728
-
Employer
7 458
-
65 556
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
59 578
68 500
-
-
income
5 958
6 850
-
-
total
5 958
6 850
-
-
Dividends
53 620
61 650
-
-
withholding
2 681
3 082
-
-
total
2 681
3 082
-
-
Income
68 500
68 500
68 500
68 500
Total tax
11 929
9 932
11 672
14 282
After tax
56 571
58 568
56 828
54 218
Living cost
5 633
5 633
5 633
5 633
Free-cash
50 938
52 935
51 195
48 585

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
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.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9981
₴11062
₴14493
₴18193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
19 849
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
30 181
Employee
39 836
36 692
60 515
-
health
4 970
4 790
5 298
-
income

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

6 006
6 006
8 165
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
18 497
-
Employer
39 836
36 692
60 515
-
unemployment
1 434
1 321
1 641
-
pensions
2 772
2 554
3 174
-
health
2 768
2 551
3 169
-
total
6 974
6 426
7 984
-
Corporate
21 689
25 382
-
-
income
4 338
5 077
-
-
total
4 338
5 077
-
-
Dividends
17 351
20 306
-
-
income
3 687
4 315
-
-
withholding
2 603
3 045
-
-
total
6 290
7 360
-
-
Income
68 500
68 500
68 500
68 500
Total tax
33 612
34 693
26 481
30 181
After tax
34 888
33 807
42 019
38 319
Living cost
23 826
23 826
23 826
23 826
Free-cash
11 062
9 981
18 193
14 493

Estimated living cost  is ₴23826 per week

₴17576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36887
₴33222
₴27523
₴24595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
6 670
health
-
-
-
9 247
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 785
total
-
-
-
30 702
Employee
15 110
-
51 231
-
social contributions
982
-
3 291
-
health
2 040
-
6 916
-
solidarity contribution
-
-
-
-
income
1 813
-
6 154
-
total
4 835
-
16 361
-
Employer
15 110
-
51 231
-
social contributions
3 777
-
12 658
-
health
1 360
-
4 611
-
total
5 137
-
17 269
-
Corporate
48 253
68 500
-
-
income
9 168
13 015
-
-
total
9 168
13 015
-
-
Dividends
39 085
55 485
-
-
withholding
5 863
8 323
-
-
total
5 863
8 323
-
-
Income
68 500
68 500
68 500
68 500
Total tax
25 003
21 338
33 630
30 702
After tax
43 497
47 162
34 870
37 798
Living cost
10 275
10 275
10 275
10 275
Free-cash
33 222
36 887
24 595
27 523

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18416
₴16174
₴15027
₴11934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
municipal
-
-
-
407
regional
-
-
-
801
national
-
-
-
16 516
social contributions
-
-
-
17 618
total
-
-
-
35 342
Employee
38 187
-
68 500
-
social contributions
12 877
-
23 098
-
regional
360
-
706
-
municipal
202
-
363
-
national
6 617
-
14 268
-
total
20 056
-
38 435
-
Employer
38 187
-
68 500
-
total
-
-
-
-
Corporate
30 313
68 500
-
-
nationa
7 275
16 440
-
-
municipal
1 182
2 671
-
-
total
8 457
19 111
-
-
Dividends
21 856
49 389
-
-
withholding
5 682
12 842
-
-
total
5 682
12 842
-
-
Income
68 500
68 500
68 500
68 500
Total tax
34 195
31 953
38 435
35 342
After tax
34 305
36 547
30 065
33 158
Living cost
18 131
18 131
18 131
18 131
Free-cash
16 174
18 416
11 934
15 027

Estimated living cost  is ₴18131 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33606
₴32268
₴23028
₴20449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
17 754
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
2 599
total
-
-
-
35 991
Employee
14 209
-
56 588
-
other
-
-
-
-
health
363
-
1 443
-
surtax
46
-
2 193
-
income
2 382
-
15 310
-
pensions
947
-
3 774
-
unemployment
989
-
3 938
-
total
4 727
-
26 658
-
Employer
14 209
-
56 588
-
other
-
-
-
-
unemployment
450
-
1 794
-
pensions
1 894
-
7 543
-
health
647
-
2 575
-
total
2 991
-
11 912
-
Corporate
51 300
68 500
-
-
income
13 338
17 810
-
-
total
13 338
17 810
-
-
Dividends
37 962
50 690
-
-
withholding
5 695
7 603
-
-
total
5 695
7 603
-
-
Income
68 500
68 500
68 500
68 500
Total tax
26 751
25 413
38 570
35 991
After tax
41 749
43 087
29 930
32 509
Living cost
9 481
9 481
9 481
9 481
Free-cash
32 268
33 606
20 449
23 028

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25997
₴28341
₴26350
₴20110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
18 824
pensions
-
-
-
3 719
total
-
-
-
22 543
Employee
27 213
-
59 904
-
health
395
-
896
-
income
4 901
-
14 665
-
pensions
2 310
-
4 626
-
total
7 606
-
20 187
-
Employer
27 213
-
59 904
-
pensions
2 946
-
7 458
-
health
517
-
1 138
-
total
3 463
-
8 596
-
Corporate
37 824
68 500
-
-
income

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

7 186
13 015
-
-
total
7 186
13 015
-
-
Dividends
30 638
55 485
-
-
withholding
2 297
9 881
-
-
total
2 297
9 881
-
-
Income
68 500
68 500
68 500
68 500
Total tax
20 552
22 896
28 783
22 543
After tax
47 948
45 604
39 717
45 957
Living cost
19 607
19 607
19 607
19 607
Free-cash
28 341
25 997
20 110
26 350

Estimated living cost  is ₴19607 per week

₴14689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1355
₴12628
₴23162
₴19834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
city
-
-
-
722
pensions
-
-
-
6 302
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.

-
-
-
1 370
regional
-
-
-
3 197
health
-
-
-
154
national
-
-
-
915
total
-
-
-
12 660
Employee
38 242
-
61 311
-
city
410
-
659
-
regional
1 252
-
2 771
-
health
86
-
138
-
pensions
3 213
-
5 150
-
unemployment
-
-
-
-
national
181
-
756
-
total
5 142
-
9 474
-
Employer
38 242
-
61 311
-
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.

765
-
1 226
-
unemployment
-
-
-
-
pensions
3 213
-
5 150
-
health
86
-
138
-
total
4 064
-
6 514
-
Corporate
25 773
68 500
-
-
regional
5 451
14 488
-
-
national
2 191
5 822
-
-
total
7 642
20 310
-
-
Dividends
18 132
48 190
-
-
withholding
6 346
16 867
-
-
total
6 346
16 867
-
-
Income
68 500
68 500
68 500
68 500
Total tax
23 194
37 177
15 988
12 660
After tax
45 306
31 323
52 512
55 840
Living cost
32 678
32 678
32 678
32 678
Free-cash
12 628
-1 355
19 834
23 162

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14173
₴21140
₴16061
₴24383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
trade
-
-
-
8 322
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.

-
-
-
20 377
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.

-
-
-
2 935
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.

-
-
-
1 121
total
-
-
-
32 755
Employee

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

25 823
-
68 500
-
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.

2 935
-
2 935
-
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
-
1 121
-
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.

3 036
-
20 377
-
total
6 138
-
24 433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 677
68 500
-
-
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.

352
565
-
-
income
6 402
10 275
-
-
trade
7 319
11 748
-
-
chamber of commerce
126
161
-
-
total
14 199
22 749
-
-
Dividends
28 479
45 751
-
-
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.

382
620
-
-
withholding
6 957
11 274
-
-
total
7 339
11 894
-
-
Income
68 500
68 500
68 500
68 500
Total tax
27 676
34 643
24 433
32 755
After tax
40 824
33 857
44 067
35 745
Living cost
19 684
19 684
19 684
19 684
Free-cash
21 140
14 173
24 383
16 061

Estimated living cost  is ₴19684 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19824
₴22364
₴24017
₴23741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
10 136
pensions
-
-
-
12 899
other
-
-
-
2 123
health
-
-
-
2 672
surtax
-
-
-
-
social contributions
-
-
-
1 952
total
-
-
-
29 782
Employee
18 389
-
53 481
-
social contributions
524
-
1 524
-
surtax
-
-
-
-
income
1 085
-
9 987
-
pensions
2 079
-
3 526
-
total
3 688
-
15 037
-
Employer
18 389
-
53 481
-
other
634
-
2 004
-
social contributions
55
-
161
-
unemployment
744
-
2 166
-
pensions
3 021
-
5 970
-
health
1 287
-
4 720
-
total
5 741
-
15 021
-
Corporate
44 368
68 500
-
-
surtax
-
-
-
-
income
12 423
19 180
-
-
total
12 423
19 180
-
-
Dividends
31 945
49 320
-
-
surtax
-
-
-
-
social contributions
5 494
8 482
-
-
withholding
4 089
6 313
-
-
total
9 583
14 795
-
-
Income
68 500
68 500
68 500
68 500
Total tax
31 435
33 975
30 058
29 782
After tax
37 065
34 525
38 442
38 718
Living cost
14 701
14 701
14 701
14 701
Free-cash
22 364
19 824
23 741
24 017

Estimated living cost  is ₴14701 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
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.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21281
₴23667
₴25474
₴25198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
10 136
pensions
-
-
-
12 899
other
-
-
-
2 123
health
-
-
-
2 672
surtax
-
-
-
-
social contributions
-
-
-
1 952
total
-
-
-
29 782
Employee
16 415
-
53 481
-
social contributions
468
-
1 524
-
surtax
-
-
-
-
income
846
-
9 987
-
pensions
1 857
-
3 526
-
total
3 171
-
15 037
-
Employer
16 415
-
53 481
-
other
567
-
2 004
-
social contributions
49
-
161
-
unemployment
665
-
2 166
-
pensions
2 697
-
5 970
-
health
1 149
-
4 720
-
total
5 127
-
15 021
-
Corporate
46 959
68 500
-
-
surtax
-
-
-
-
income
13 148
19 180
-
-
total
13 148
19 180
-
-
Dividends
33 810
49 320
-
-
surtax
-
-
-
-
social contributions
5 815
8 482
-
-
withholding
4 328
6 313
-
-
total
10 143
14 795
-
-
Income
68 500
68 500
68 500
68 500
Total tax
31 589
33 975
30 058
29 782
After tax
36 911
34 525
38 442
38 718
Living cost
13 244
13 244
13 244
13 244
Free-cash
23 667
21 281
25 198
25 474

Estimated living cost  is ₴13244 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32679
₴32904
₴34880
₴33678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
10 275
health
-
-
-
4 781
social contributions
-
-
-
9 453
total
-
-
-
24 509
Employee
14 568
-
68 500
-
social contributions
2 011
-
9 453
-
health
1 017
-
4 781
-
income
2 430
-
11 477
-
total
5 458
-
25 711
-
Employer
14 568
-
68 500
-
total
-
-
-
-
Corporate
53 932
68 500
-
-
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%.

2 696
3 425
-
-
total
2 696
3 425
-
-
Dividends
51 235
65 075
-
-
health
3 576
4 543
-
-
social contributions
7 070
8 981
-
-
withholding
7 685
9 761
-
-
total
18 331
23 285
-
-
Income
68 500
68 500
68 500
68 500
Total tax
26 485
26 710
25 711
24 509
After tax
42 015
41 790
42 789
43 991
Living cost
9 111
9 111
9 111
9 111
Free-cash
32 904
32 679
33 678
34 880

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22829
₴22165
₴19998
₴2858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
chamber of commerce
-
-
-
274
income
-
-
-
17 242
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
85
total
-
-
-
33 362
Employee
21 473
17 123
53 713
-
other
214
171
502
-
health
831
663
1 942
-
income
2 445
1 263
13 605
-
pensions
2 199
1 753
5 140
-
unemployment
644
514
1 506
-
total
6 333
4 364
22 695
-
Employer
21 473
17 123
53 713
-
accident
279
223
652
-
other
1 020
813
2 521
-
chamber of commerce
86
68
214
-
unemployment
644
514
1 506
-
surtax
85
85
85
-
pensions
2 695
2 149
6 300
-
payroll
644
514
1 611
-
health
811
647
1 897
-
total
6 264
5 013
14 786
-
Corporate
40 763
46 364
52 082
-
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.

10 191
11 591
13 021
-
total
10 191
11 591
13 021
-
Dividends
30 572
34 773
-
-
withholding
8 407
9 563
-
-
total
8 407
9 563
-
-
Income
68 500
68 500
68 500
68 500
Total tax
31 195
30 531
50 502
33 362
After tax
37 305
37 969
17 998
35 138
Living cost
15 140
15 140
15 140
15 140
Free-cash
22 165
22 829
2 858
19 998

Estimated living cost  is ₴15140 per week

₴10098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22659
₴16216
₴14015
₴8852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
national
-
-
-
24 705
communal

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

-
-
-
3 471
social contributions
-
-
-
10 643
total
-
-
-
38 819
Employee

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

30 735
-
53 056
-
communal

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

1 603
-
2 767
-
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.

1 444
-
2 493
-
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.

2 305
-
3 979
-
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
-
462
-
national
9 449
-
18 836
-
total
15 068
-
28 537
-
Employer

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

30 735
-
53 056
-
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.

400
-
690
-
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.

448
-
775
-
surtax
3 485
-
6 016
-
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.

2 723
-
4 701
-
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.

1 890
-
3 263
-
total
8 946
-
15 445
-
Corporate
28 819
68 500
-
-
surtax
115
274
-
-
income
5 764
13 700
-
-
total
5 879
13 974
-
-
Dividends
22 940
54 526
-
-
withholding

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

6 725
16 201
-
-
total
6 725
16 201
-
-
Income
68 500
68 500
68 500
68 500
Total tax
36 618
30 175
43 982
38 819
After tax
31 882
38 325
24 518
29 681
Living cost
15 666
15 666
15 666
15 666
Free-cash
16 216
22 659
8 852
14 015

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
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.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30229
₴27156
₴23006
₴21204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
accident
-
-
-
359
income
-
-
-
18 029
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
29 977
Employee
21 388
-
55 804
-
other
21
-
40
-
income
4 513
-
16 554
-
pensions
1 005
-
1 872
-
unemployment
332
-
617
-
total
5 871
-
19 083
-
Employer
21 388
-
55 804
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 177
-
2 190
-
pensions
5 047
-
9 399
-
total
6 817
-
12 696
-
Corporate
40 294
68 500
-
-
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.

6 044
10 275
-
-
total
6 044
10 275
-
-
Dividends
34 250
58 225
-
-
withholding
7 095
12 479
-
-
total
7 095
12 479
-
-
Income
68 500
68 500
68 500
68 500
Total tax
25 827
22 754
31 779
29 977
After tax
42 673
45 746
36 721
38 523
Living cost
15 517
15 517
15 517
15 517
Free-cash
27 156
30 229
21 204
23 006

Estimated living cost  is ₴15517 per week

₴11427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
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.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17150
₴12002
₴11322
₴14053
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
accident
-
-
-
577
income
-
-
-
10 446
pensions
-
-
-
10 267
health
-
-
-
4 813
surtax
-
-
-
3 396
communal
-
-
-
4 329
total
-
-
-
33 828
Employee
32 539
-
61 188
-
health
1 448
-
2 723
-
surtax
1 994
-
3 750
-
income
3 143
-
12 418
-
pensions
2 603
-
4 895
-
total
9 188
-
23 786
-
Employer
32 539
-
61 188
-
accident
293
-
550
-
pensions
2 603
-
4 895
-
health
992
-
1 866
-
total
3 888
-
7 311
-
Corporate
32 073
68 500
-
-
surtax
337
719
-
-
communal
2 165
4 624
-
-
income
4 811
10 275
-
-
total
7 313
15 618
-
-
Dividends
24 761
52 882
-
-
income
9 045
4 450
-
-
withholding
3 714
7 932
-
-
total
12 759
12 382
-
-
Income
68 500
68 500
68 500
68 500
Total tax
33 148
28 000
31 097
33 828
After tax
35 352
40 500
37 403
34 672
Living cost
23 350
23 350
23 350
23 350
Free-cash
12 002
17 150
14 053
11 322

Estimated living cost  is ₴23350 per week

₴17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33436
₴32069
₴22858
₴20279
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
17 754
pensions
-
-
-
11 469
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 071
surtax
-
-
-
2 599
total
-
-
-
35 991
Employee
14 470
-
56 588
-
other
-
-
-
-
health
369
-
1 443
-
surtax
51
-
2 193
-
income
2 426
-
15 310
-
pensions
965
-
3 774
-
unemployment
1 007
-
3 938
-
total
4 818
-
26 658
-
Employer
14 470
-
56 588
-
other
-
-
-
-
unemployment
459
-
1 794
-
pensions
1 929
-
7 543
-
health
658
-
2 575
-
total
3 046
-
11 912
-
Corporate
50 984
68 500
-
-
income
13 256
17 810
-
-
total
13 256
17 810
-
-
Dividends
37 728
50 690
-
-
withholding
5 660
7 603
-
-
total
5 660
7 603
-
-
Income
68 500
68 500
68 500
68 500
Total tax
26 780
25 413
38 570
35 991
After tax
41 720
43 087
29 930
32 509
Living cost
9 651
9 651
9 651
9 651
Free-cash
32 069
33 436
20 279
22 858

Estimated living cost  is ₴9651 per week

₴5827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
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.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24431
₴23479
₴21352
₴18275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
municipal
-
-
-
407
regional
-
-
-
1 033
national
-
-
-
16 516
social contributions
-
-
-
17 618
total
-
-
-
35 574
Employee
23 835
-
68 500
-
social contributions
8 037
-
23 098
-
regional
321
-
922
-
municipal
126
-
363
-
national
3 776
-
14 268
-
total
12 260
-
38 651
-
Employer
23 835
-
68 500
-
total
-
-
-
-
Corporate
44 665
68 500
-
-
nationa
10 720
16 440
-
-
municipal
2 219
3 404
-
-
total
12 939
19 844
-
-
Dividends
31 726
48 656
-
-
withholding
8 248
12 651
-
-
total
8 248
12 651
-
-
Income
68 500
68 500
68 500
68 500
Total tax
33 447
32 495
38 651
35 574
After tax
35 053
36 005
29 849
32 926
Living cost
11 574
11 574
11 574
11 574
Free-cash
23 479
24 431
18 275
21 352

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
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.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34501
₴29984
₴25137
₴22209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
6 670
health
-
-
-
9 247
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 785
total
-
-
-
30 702
Employee
18 619
-
51 231
-
social contributions
1 210
-
3 291
-
health
2 514
-
6 916
-
solidarity contribution
-
-
-
-
income
2 234
-
6 154
-
total
5 958
-
16 361
-
Employer
18 619
-
51 231
-
social contributions
4 655
-
12 658
-
health
1 676
-
4 611
-
total
6 331
-
17 269
-
Corporate
43 550
68 500
-
-
income
8 275
13 015
-
-
total
8 275
13 015
-
-
Dividends
35 276
55 485
-
-
withholding
5 291
8 323
-
-
total
5 291
8 323
-
-
Income
68 500
68 500
68 500
68 500
Total tax
25 855
21 338
33 630
30 702
After tax
42 645
47 162
34 870
37 798
Living cost
12 661
12 661
12 661
12 661
Free-cash
29 984
34 501
22 209
25 137

Estimated living cost  is ₴12661 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
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.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24308
₴24096
₴21515
₴4317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
chamber of commerce
-
-
-
274
income
-
-
-
17 242
pensions
-
-
-
9 286
unemployment
-
-
-
2 635
health
-
-
-
3 840
surtax
-
-
-
-
total
-
-
-
33 277
Employee
18 782
17 123
53 791
-
other
188
171
502
-
health
727
663
1 942
-
income
1 673
1 263
13 637
-
pensions
1 923
1 753
5 140
-
unemployment
563
514
1 506
-
total
5 074
4 364
22 727
-
Employer
18 782
17 123
53 791
-
accident
244
223
652
-
other
892
813
2 524
-
chamber of commerce
75
68
215
-
unemployment
563
514
1 506
-
surtax
-
-
-
-
pensions
2 357
2 149
6 300
-
payroll
563
514
1 614
-
health
710
647
1 897
-
total
5 404
4 928
14 708
-
Corporate
44 313
46 449
52 160
-
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.

11 078
11 612
13 040
-
total
11 078
11 612
13 040
-
Dividends
33 235
34 837
-
-
withholding
9 140
9 580
-
-
total
9 140
9 580
-
-
Income
68 500
68 500
68 500
68 500
Total tax
30 696
30 484
50 475
33 277
After tax
37 804
38 016
18 025
35 223
Living cost
13 708
13 708
13 708
13 708
Free-cash
24 096
24 308
4 317
21 515

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59009
₴57871
₴61749
₴48734
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
68 500
microenterprise

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

-
-
-
685
total
-
-
-
685
Employee
7 582
-
68 500
-
income
1 517
-
13 700
-
total
1 517
-
13 700
-
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%.

60 918
68 500
-
-
total
-
-
-
-
Dividends
60 918
68 500
-
-
withholding
3 046
3 425
-
-
total
3 046
3 425
-
-
Income
68 500
68 500
68 500
68 500
Total tax
4 563
3 425
13 700
685
After tax
63 937
65 075
54 800
67 815
Living cost
6 066
6 066
6 066
6 066
Free-cash
57 871
59 009
48 734
61 749

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35637
₴32044
₴22294
₴20482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
income
-
-
-
15 327
pensions
-
-
-
12 510
unemployment
-
-
-
103
health
-
-
-
6 741
total
-
-
-
34 681
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.

19 000
-
59 271
-
health
1 227
-
3 829
-
income
3 277
-
14 166
-
pensions
2 945
-
9 187
-
unemployment
27
-
83
-
total
7 476
-
27 265
-
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.

19 000
-
59 271
-
unemployment
11
-
36
-
pensions
1 681
-
5 245
-
health
1 265
-
3 947
-
total
2 957
-
9 228
-
Corporate
46 542
68 500
-
-
income
8 843
13 015
-
-
total
8 843
13 015
-
-
Dividends
37 699
55 485
-
-
withholding
5 655
8 323
-
-
total
5 655
8 323
-
-
Income
68 500
68 500
68 500
68 500
Total tax
24 931
21 338
36 493
34 681
After tax
43 569
47 162
32 007
33 819
Living cost
11 525
11 525
11 525
11 525
Free-cash
32 044
35 637
20 482
22 294

Estimated living cost  is ₴11525 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23041
₴2498
₴28705
₴44185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
13 352
social contributions
-
-
-
7 809
total
-
-
-
21 161
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 674
-
5 369
-
total
37 674
-
5 369
-
Corporate
4 107
68 500
-
-
income
904
15 070
-
-
total
904
15 070
-
-
Dividends
3 204
53 430
-
-
income
705
11 755
-
-
total
705
11 755
-
-
Income
68 500
68 500
68 500
68 500
Total tax
47 368
26 825
5 681
21 161
After tax
21 132
41 675
62 819
47 339
Living cost
18 634
18 634
18 634
18 634
Free-cash
2 498
23 041
44 185
28 705

Estimated living cost  is ₴18634 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25486
₴25053
₴23471
₴18477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
income
-
-
-
7 748
surtax
-
-
-
-
social contributions

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

-
-
-
23 804
total
-
-
-
31 552
Employee
19 762
-
55 354
-
social contributions
2 174
-
6 088
-
surtax
-
-
-
-
income
4 110
-
17 312
-
total
6 284
-
23 400
-
Employer
19 762
-
55 354
-
social contributions
4 693
-
13 146
-
total
4 693
-
13 146
-
Corporate
44 045
68 500
-
-
surtax
-
-
-
-
income
9 250
14 385
-
-
total
9 250
14 385
-
-
Dividends
34 795
54 115
-
-
withholding
9 743
15 152
-
-
total
9 743
15 152
-
-
Income
68 500
68 500
68 500
68 500
Total tax
29 970
29 537
36 546
31 552
After tax
38 530
38 963
31 954
36 948
Living cost
13 477
13 477
13 477
13 477
Free-cash
25 053
25 486
18 477
23 471

Estimated living cost  is ₴13477 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13772
₴16723
₴17965
₴17689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
10 136
pensions
-
-
-
12 899
other
-
-
-
2 123
health
-
-
-
2 672
surtax
-
-
-
-
social contributions
-
-
-
1 952
total
-
-
-
29 782
Employee
26 911
-
53 481
-
social contributions
766
-
1 524
-
surtax
-
-
-
-
income
2 348
-
9 987
-
pensions
3 044
-
3 526
-
total
6 158
-
15 037
-
Employer
26 911
-
53 481
-
other
929
-
2 004
-
social contributions
81
-
161
-
unemployment
1 090
-
2 166
-
pensions
4 422
-
5 970
-
health
1 884
-
4 720
-
total
8 406
-
15 021
-
Corporate
33 184
68 500
-
-
surtax
-
-
-
-
income
9 291
19 180
-
-
total
9 291
19 180
-
-
Dividends
23 892
49 320
-
-
surtax
-
-
-
-
social contributions
4 110
8 482
-
-
withholding
3 059
6 313
-
-
total
7 169
14 795
-
-
Income
68 500
68 500
68 500
68 500
Total tax
31 024
33 975
30 058
29 782
After tax
37 476
34 525
38 442
38 718
Living cost
20 753
20 753
20 753
20 753
Free-cash
16 723
13 772
17 689
17 965

Estimated living cost  is ₴20753 per week

₴14045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48734
₴47291
₴37780
₴39601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
2 734
social contributions
-
-
-
15 070
total
-
-
-
17 804
Employee
13 814
-
59 307
-
income
-
-
2 936
-
social contributions
898
-
3 855
-
total
898
-
6 791
-
Employer
13 814
-
59 307
-
social contributions
2 141
-
9 192
-
total
2 141
-
9 192
-
Corporate
52 545
68 500
-
-
income
5 254
6 850
-
-
total
5 254
6 850
-
-
Dividends
47 291
61 650
-
-
total
-
-
-
-
Income
68 500
68 500
68 500
68 500
Total tax
8 293
6 850
15 983
17 804
After tax
60 207
61 650
52 517
50 696
Living cost
12 916
12 916
12 916
12 916
Free-cash
47 291
48 734
39 601
37 780

Estimated living cost  is ₴12916 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25114
-₴25114
₴20122
-₴25114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
municipal
-
-
-
14 056
pensions
-
-
-
372
national
-
-
-
7 807
labour market
-
-
-
5 450
total
-
-
-
27 685
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
68 500
68 500
68 500
68 500
Total tax
72 921
72 921
72 921
27 685
After tax
-4 421
-4 421
-4 421
40 815
Living cost
20 693
20 693
20 693
20 693
Free-cash
-25 114
-25 114
-25 114
20 122

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3742
₴4124
₴37562
₴27671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
accident
-
-
-
108
income
-
-
-
18 663
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
21 648
Employee
14 614
-
61 254
-
health
1 673
-
7 014
-
income
2 005
-
14 009
-
pensions
1 646
-
3 270
-
total
5 324
-
24 293
-
Employer
14 614
-
61 254
-
accident
244
-
1 023
-
unemployment
358
-
1 501
-
pensions
2 376
-
4 722
-
total
2 978
-
7 246
-
Corporate
50 907
68 500
-
-
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.

45 817
61 650
-
-
total
45 817
61 650
-
-
Dividends
5 091
6 850
-
-
withholding
967
1 302
-
-
total
967
1 302
-
-
Income
68 500
68 500
68 500
68 500
Total tax
55 086
62 952
31 539
21 648
After tax
13 414
5 548
36 961
46 852
Living cost
9 290
9 290
9 290
9 290
Free-cash
4 124
-3 742
27 671
37 562

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26874
₴27780
₴28730
₴19896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
68 500
municipal
-
-
-
12 172
health
-
-
-
876
national
-
-
-
10 226
total
-
-
-
23 274
Employee
22 606
-
57 626
-
health
169
-
708
-
municipal
3 703
-
9 390
-
pensions
1 526
-
3 889
-
unemployment
339
-
864
-
national
373
-
6 383
-
total
6 110
-
21 234
-
Employer
22 606
-
57 626
-
accident
23
-
58
-
unemployment
147
-
374
-
pensions
3 922
-
9 998
-
health
174
-
444
-
total
4 266
-
10 874
-
Corporate
41 629
68 500
-
-
income
8 326
13 700
-
-
total
8 326
13 700
-
-
Dividends

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

24 977
41 100
-
-
national
1 026
4 032
-
-
municipal
4 496
7 398
-
-
total
5 522
11 430
-
-
Income
68 500
68 500
68 500
68 500
Total tax
24 224
25 130
32 108
23 274
After tax
44 276
43 370
36 392
45 226
Living cost
16 496
16 496
16 496
16 496
Free-cash
27 780
26 874
19 896
28 730

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴40046
₴37710
₴37232
₴36609
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
12 621
health
-
-
-
1 747
social contributions
-
-
-
6 952
total
-
-
-
21 320
Employee
33 040
33 040
63 624
-
social contributions
1 249
2 742
3 699
-
health
256
562
1 081
-
income
3 597
3 059
12 287
-
total
5 102
6 363
17 067
-
Employer
33 040
33 040
63 624
-
social contributions
1 249
2 742
3 699
-
health
278
612
1 177
-
total
1 527
3 354
4 876
-
Corporate
51 922
32 106
-
-
income
6 490
4 013
-
-
total
6 490
4 013
-
-
Dividends
45 432
28 093
-
-
withholding
7 723
4 776
-
-
total
7 723
4 776
-
-
Income
68 500
68 500
68 500
68 500
Total tax
20 842
18 506
21 943
21 320
After tax
47 658
49 994
46 557
47 180
Living cost
9 948
9 948
9 948
9 948
Free-cash
37 710
40 046
36 609
37 232

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49903
₴47718
₴50468
₴41850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
68 500
income
-
-
-
6 910
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
11 210
Employee

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

9 862
-
64 301
-
health
838
-
3 465
-
income
674
-
5 845
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
15 629
-
Employer

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

9 862
-
64 301
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
57 622
68 500
-
-
income
5 186
6 165
-
-
total
5 186
6 165
-
-
Dividends
52 437
62 335
-
-
withholding
4 719
5 610
-
-
total
4 719
5 610
-
-
Income
68 500
68 500
68 500
68 500
Total tax
13 960
11 775
19 828
11 210
After tax
54 540
56 725
48 672
57 290
Living cost
6 822
6 822
6 822
6 822
Free-cash
47 718
49 903
41 850
50 468

Estimated living cost  is ₴6822 per week

₴4353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33930
₴32026
₴26707
₴24905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
accident
-
-
-
359
income
-
-
-
18 029
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
29 977
Employee
15 888
-
55 804
-
other
15
-
40
-
income
3 063
-
16 554
-
pensions
747
-
1 872
-
unemployment
246
-
617
-
total
4 071
-
19 083
-
Employer
15 888
-
55 804
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 190
-
pensions
3 749
-
9 399
-
total
5 065
-
12 696
-
Corporate
47 547
68 500
-
-
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.

7 132
10 275
-
-
total
7 132
10 275
-
-
Dividends
40 415
58 225
-
-
withholding
8 390
12 479
-
-
total
8 390
12 479
-
-
Income
68 500
68 500
68 500
68 500
Total tax
24 658
22 754
31 779
29 977
After tax
43 842
45 746
36 721
38 523
Living cost
11 816
11 816
11 816
11 816
Free-cash
32 026
33 930
24 905
26 707

Estimated living cost  is ₴11816 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41567
₴41373
₴42657
₴42573
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
23 186
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
24 666
Employee
1 792
-
67 535
-
health
90
-
215
-
income
347
-
23 140
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
23 784
-
Employer
1 792
-
67 535
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
66 305
68 500
-
-
income
14 587
15 070
-
-
total
14 587
15 070
-
-
Dividends
51 718
53 430
-
-
withholding
10 344
10 686
-
-
total
10 344
10 686
-
-
Income
68 500
68 500
68 500
68 500
Total tax
25 950
25 756
24 750
24 666
After tax
42 550
42 744
43 750
43 834
Living cost
1 177
1 177
1 177
1 177
Free-cash
41 373
41 567
42 573
42 657

Estimated living cost  is ₴1177 per week

₴699
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.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42061
₴39947
₴33739
₴33739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
income
-
-
-
15 330
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
27 331
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.

11 204
-
62 816
-
health
577
-
1 635
-
income
1 544
-
15 330
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
21 648
-
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.

11 204
-
62 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
55 290
68 500
-
-
income
8 294
10 275
-
-
total
8 294
10 275
-
-
Dividends
46 997
58 225
-
-
withholding
7 050
8 734
-
-
total
7 050
8 734
-
-
Income
68 500
68 500
68 500
68 500
Total tax
21 123
19 009
27 331
27 331
After tax
47 377
49 491
41 169
41 169
Living cost
7 430
7 430
7 430
7 430
Free-cash
39 947
42 061
33 739
33 739

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27379
₴27225
₴25364
₴20370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
income
-
-
-
7 748
surtax
-
-
-
-
social contributions

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

-
-
-
23 804
total
-
-
-
31 552
Employee
16 677
-
55 354
-
social contributions
1 835
-
6 088
-
surtax
-
-
-
-
income
3 258
-
17 312
-
total
5 093
-
23 400
-
Employer
16 677
-
55 354
-
social contributions
3 960
-
13 146
-
total
3 960
-
13 146
-
Corporate
47 863
68 500
-
-
surtax
-
-
-
-
income
10 051
14 385
-
-
total
10 051
14 385
-
-
Dividends
37 812
54 115
-
-
withholding
10 587
15 152
-
-
total
10 587
15 152
-
-
Income
68 500
68 500
68 500
68 500
Total tax
29 691
29 537
36 546
31 552
After tax
38 809
38 963
31 954
36 948
Living cost
11 584
11 584
11 584
11 584
Free-cash
27 225
27 379
20 370
25 364

Estimated living cost  is ₴11584 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
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.
₴2370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30645
₴27718
₴23422
₴21620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
accident
-
-
-
359
income
-
-
-
18 029
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
29 977
Employee
20 751
-
55 804
-
other
20
-
40
-
income
4 334
-
16 554
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
19 083
-
Employer
20 751
-
55 804
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 142
-
2 190
-
pensions
4 897
-
9 399
-
total
6 616
-
12 696
-
Corporate
41 133
68 500
-
-
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.

6 170
10 275
-
-
total
6 170
10 275
-
-
Dividends
34 963
58 225
-
-
withholding
7 245
12 479
-
-
total
7 245
12 479
-
-
Income
68 500
68 500
68 500
68 500
Total tax
25 681
22 754
31 779
29 977
After tax
42 819
45 746
36 721
38 523
Living cost
15 101
15 101
15 101
15 101
Free-cash
27 718
30 645
21 620
23 422

Estimated living cost  is ₴15101 per week

₴10845
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.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51178
₴48559
₴46828
₴49438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
10 275
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
14 282
Employee
9 786
-
65 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
6 555
-
pensions

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

859
-
1 318
-
total
2 396
-
8 728
-
Employer
9 786
-
65 556
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
56 794
68 500
-
-
income
5 679
6 850
-
-
total
5 679
6 850
-
-
Dividends
51 115
61 650
-
-
withholding
2 556
3 082
-
-
total
2 556
3 082
-
-
Income
68 500
68 500
68 500
68 500
Total tax
12 551
9 932
11 672
14 282
After tax
55 949
58 568
56 828
54 218
Living cost
7 390
7 390
7 390
7 390
Free-cash
48 559
51 178
49 438
46 828

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
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.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18676
₴24297
₴20515
₴27478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
trade
-
-
-
6 963
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.

-
-
-
20 377
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.

-
-
-
2 935
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.

-
-
-
1 121
total
-
-
-
31 396
Employee

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

21 379
-
68 500
-
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.

2 935
-
2 935
-
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
-
1 121
-
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.

1 758
-
20 377
-
total
4 790
-
24 433
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 121
68 500
-
-
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.

389
565
-
-
income
7 068
10 275
-
-
trade
6 762
9 829
-
-
chamber of commerce
135
166
-
-
total
14 354
20 835
-
-
Dividends
32 768
47 665
-
-
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.

442
647
-
-
withholding
8 028
11 753
-
-
total
8 470
12 400
-
-
Income
68 500
68 500
68 500
68 500
Total tax
27 614
33 235
24 433
31 396
After tax
40 886
35 265
44 067
37 104
Living cost
16 589
16 589
16 589
16 589
Free-cash
24 297
18 676
27 478
20 515

Estimated living cost  is ₴16589 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23474
₴24423
₴12464
₴12464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
20 298
social contributions
-
-
-
11 262
total
-
-
-
31 560
Employee
33 610
-
68 500
-
income
6 342
-
20 298
-
social contributions
2 792
-
11 262
-
total
9 134
-
31 560
-
Employer
33 610
-
68 500
-
total
-
-
-
-
Corporate
34 890
68 500
-
-
income
4 361
8 562
-
-
total
4 361
8 562
-
-
Dividends
30 528
59 938
-
-
withholding
6 106
11 988
-
-
total
6 106
11 988
-
-
Income
68 500
68 500
68 500
68 500
Total tax
19 601
20 550
31 560
31 560
After tax
48 899
47 950
36 940
36 940
Living cost
24 476
24 476
24 476
24 476
Free-cash
24 423
23 474
12 464
12 464

Estimated living cost  is ₴24476 per week

₴18621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26658
₴28159
₴37793
₴33548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
income
-
-
-
12 231
health

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

-
-
-
2 879
total
-
-
-
15 110
Employee
19 711
-
66 524
-
income
2 139
-
15 403
-
social contributions
1 975
-
1 976
-
total
4 114
-
17 379
-
Employer
19 711
-
66 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
46 814
68 500
-
-
income
16 385
23 975
-
-
total
16 385
23 975
-
-
Dividends
30 429
44 525
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
68 500
68 500
68 500
68 500
Total tax
24 744
26 245
19 355
15 110
After tax
43 756
42 255
49 145
53 390
Living cost
15 597
15 597
15 597
15 597
Free-cash
28 159
26 658
33 548
37 793

Estimated living cost  is ₴15597 per week

₴10274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29664
₴32205
₴30017
₴23777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
income
-
-
-
18 824
pensions
-
-
-
3 719
total
-
-
-
22 543
Employee
21 880
-
59 904
-
health
285
-
896
-
income
3 984
-
14 665
-
pensions
1 670
-
4 626
-
total
5 939
-
20 187
-
Employer
21 880
-
59 904
-
pensions
2 211
-
7 458
-
health
416
-
1 138
-
total
2 627
-
8 596
-
Corporate
43 994
68 500
-
-
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.

8 359
13 015
-
-
total
8 359
13 015
-
-
Dividends
35 635
55 485
-
-
withholding
3 430
9 881
-
-
total
3 430
9 881
-
-
Income
68 500
68 500
68 500
68 500
Total tax
20 355
22 896
28 783
22 543
After tax
48 145
45 604
39 717
45 957
Living cost
15 940
15 940
15 940
15 940
Free-cash
32 205
29 664
23 777
30 017

Estimated living cost  is ₴15940 per week

₴10935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4662
₴3985
₴36642
₴26751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
accident
-
-
-
108
income
-
-
-
18 663
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
21 648
Employee
16 061
-
61 254
-
health
1 839
-
7 014
-
income
2 203
-
14 009
-
pensions
1 808
-
3 270
-
total
5 850
-
24 293
-
Employer
16 061
-
61 254
-
accident
268
-
1 023
-
unemployment
393
-
1 501
-
pensions
2 611
-
4 722
-
total
3 272
-
7 246
-
Corporate
49 166
68 500
-
-
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.

44 249
61 650
-
-
total
44 249
61 650
-
-
Dividends
4 917
6 850
-
-
withholding
934
1 302
-
-
total
934
1 302
-
-
Income
68 500
68 500
68 500
68 500
Total tax
54 305
62 952
31 539
21 648
After tax
14 195
5 548
36 961
46 852
Living cost
10 210
10 210
10 210
10 210
Free-cash
3 985
-4 662
26 751
36 642

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
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.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51840
₴49832
₴32674
₴42065
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
68 500
work injury
-
-
-
343
health insurance
-
-
-
5 069
income
-
-
-
11 185
pensions
-
-
-
12 604
unemployment
-
-
-
822
total
-
-
-
30 023
Employee

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

9 285
-
68 500
-
work injury
46
-
172
-
income
928
-
11 185
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
20 632
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 215
68 500
-
-
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%.

592
685
-
-
total
592
685
-
-
Dividends
58 623
67 815
-
-
withholding
8 793
10 172
-
-
total
8 793
10 172
-
-
Income
68 500
68 500
68 500
68 500
Total tax
12 865
10 857
20 632
30 023
After tax
55 635
57 643
47 868
38 477
Living cost
5 803
5 803
5 803
5 803
Free-cash
49 832
51 840
42 065
32 674

Estimated living cost  is ₴5803 per week

₴3595
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.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18964
₴17008
₴15230
₴12224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
68 500
municipal
-
-
-
458
regional
-
-
-
1 561
national
-
-
-
16 516
social contributions
-
-
-
17 618
total
-
-
-
36 153
Employee
36 207
-
68 500
-
social contributions
12 209
-
23 098
-
regional
547
-
1 384
-
municipal
216
-
409
-
national
6 119
-
14 268
-
total
19 091
-
39 159
-
Employer
36 207
-
68 500
-
total
-
-
-
-
Corporate
32 293
68 500
-
-
nationa
7 750
16 440
-
-
municipal
1 557
3 301
-
-
total
9 307
19 741
-
-
Dividends
22 986
48 759
-
-
withholding
5 977
12 678
-
-
total
5 977
12 678
-
-
Income
68 500
68 500
68 500
68 500
Total tax
34 375
32 419
39 159
36 153
After tax
34 125
36 081
29 341
32 347
Living cost
17 117
17 117
17 117
17 117
Free-cash
17 008
18 964
12 224
15 230

Estimated living cost  is ₴17117 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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