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
₴ 69500
per

Your estimated
City
free-cash

Dresden , Germany
₴22090
₴26828
₴23823
₴31633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
trade
-
-
-
7 810
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.

-
-
-
20 823
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 145
total
-
-
-
32 704
Employee

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

16 382
-
69 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 145
-
income

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

458
-
20 823
-
total
3 409
-
24 894
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 118
69 500
-
-
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.

438
573
-
-
income
7 968
10 425
-
-
trade
8 366
10 946
-
-
chamber of commerce
141
165
-
-
total
16 913
22 109
-
-
Dividends
36 204
47 391
-
-
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.

489
643
-
-
withholding
8 888
11 685
-
-
total
9 377
12 328
-
-
Income
69 500
69 500
69 500
69 500
Total tax
29 699
34 437
24 894
32 704
After tax
39 801
35 063
44 606
36 796
Living cost
12 973
12 973
12 973
12 973
Free-cash
26 828
22 090
31 633
23 823

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴21725
₴21364
₴19462
₴20007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
municipal
-
-
-
7 573
pensions
-
-
-
8 340
national
-
-
-
11 735
social contributions
-
-
-
747
total
-
-
-
28 395
Employee
33 550
-
60 082
-
municipal
4 144
-
7 842
-
pensions
1 342
-
2 403
-
national
6 422
-
12 152
-
total
11 908
-
22 397
-
Employer
33 550
-
60 082
-
social contributions
361
-
646
-
pensions
2 684
-
4 807
-
total
3 045
-
5 453
-
Corporate
30 691
69 500
-
-
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%.

6 138
13 900
-
-
total
6 138
13 900
-
-
Dividends
24 552
55 600
-
-
withholding
5 402
12 232
-
-
total
5 402
12 232
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 493
26 132
27 850
28 395
After tax
43 007
43 368
41 650
41 105
Living cost
21 643
21 643
21 643
21 643
Free-cash
21 364
21 725
20 007
19 462

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46689
₴43175
₴14560
₴32793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
microenterprise
-
-
-
-
income
-
-
-
11 895
surtax
-
-
-
17 723
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.

-
-
-
16 411
total
-
-
-
46 029
Employee
12 516
-
50 907
-
social contributions

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

1 377
-
5 599
-
surtax
-
-
-
-
income
2 228
-
9 933
-
total
3 605
-
15 532
-
Employer
12 516
-
50 907
-
social contributions

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

3 015
-
12 264
-
surtax
-
-
-
-
total
3 015
-
12 264
-
Corporate
53 970
69 500
-
-
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%.

10 794
13 900
-
-
total
10 794
13 900
-
-
Dividends

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

43 175
55 600
-
-
total
-
-
-
-
Income
69 500
69 500
69 500
69 500
Total tax
17 414
13 900
27 796
46 029
After tax
52 086
55 600
41 704
23 471
Living cost
8 911
8 911
8 911
8 911
Free-cash
43 175
46 689
32 793
14 560

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴16378
₴13753
₴20840
₴24834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
20 417
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
30 717
Employee
36 577
36 577
61 540
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
8 464
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
18 764
-
Employer
36 577
36 577
61 540
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
26 967
26 518
-
-
income
5 394
5 304
-
-
total
5 394
5 304
-
-
Dividends
21 573
21 215
-
-
income
4 584
4 508
-
-
withholding
3 236
3 182
-
-
total
7 820
7 690
-
-
Income
69 500
69 500
69 500
69 500
Total tax
37 804
35 179
26 723
30 717
After tax
31 696
34 321
42 777
38 783
Living cost
17 943
17 943
17 943
17 943
Free-cash
13 753
16 378
24 834
20 840

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴21398
₴21027
₴19357
₴18955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
municipal
-
-
-
17 592
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
5 494
total
-
-
-
33 594
Employee
23 581
-
58 104
-
municipal
7 032
-
17 327
-
national
-
-
5 272
-
total
7 032
-
22 599
-
Employer
23 581
-
58 104
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
38 510
69 500
-
-
income
8 472
15 290
-
-
total
8 472
15 290
-
-
Dividends
30 038
54 210
-
-
withholding
9 011
16 263
-
-
total
9 011
16 263
-
-
Income
69 500
69 500
69 500
69 500
Total tax
31 924
31 553
33 996
33 594
After tax
37 576
37 947
35 504
35 906
Living cost
16 549
16 549
16 549
16 549
Free-cash
21 027
21 398
18 955
19 357

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴17880
₴23899
₴19623
₴27780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
trade
-
-
-
8 157
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.

-
-
-
20 823
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 145
total
-
-
-
33 051
Employee

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

21 721
-
69 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 145
-
income

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

1 866
-
20 823
-
total
4 894
-
24 894
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 779
69 500
-
-
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.

394
573
-
-
income
7 167
10 425
-
-
trade
7 860
11 433
-
-
chamber of commerce
133
164
-
-
total
15 554
22 595
-
-
Dividends
32 225
46 905
-
-
surtax

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

434
636
-
-
withholding
7 893
11 563
-
-
total
8 327
12 199
-
-
Income
69 500
69 500
69 500
69 500
Total tax
28 775
34 794
24 894
33 051
After tax
40 725
34 706
44 606
36 449
Living cost
16 826
16 826
16 826
16 826
Free-cash
23 899
17 880
27 780
19 623

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴36828
₴35051
₴33909
₴33281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
12 997
health
-
-
-
1 772
social contributions
-
-
-
6 930
total
-
-
-
21 699
Employee
32 936
32 936
64 617
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 098
-
income
3 459
3 049
12 659
-
total
5 387
6 342
17 444
-
Employer
32 936
32 936
64 617
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 196
-
total
1 957
3 343
4 883
-
Corporate
48 264
33 221
-
-
income
6 033
4 153
-
-
total
6 033
4 153
-
-
Dividends
42 231
29 069
-
-
withholding
7 180
4 942
-
-
total
7 180
4 942
-
-
Income
69 500
69 500
69 500
69 500
Total tax
20 557
18 780
22 327
21 699
After tax
48 943
50 720
47 173
47 801
Living cost
13 892
13 892
13 892
13 892
Free-cash
35 051
36 828
33 281
33 909

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴31271
₴31434
₴40364
₴32508
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
8 496
pensions
-
-
-
6 950
unemployment
-
-
-
1 043
health
-
-
-
4 865
total
-
-
-
21 354
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.

11 234
4 471
58 159
-
health
786
313
4 071
-
income
1 373
547
7 110
-
pensions
1 123
447
5 816
-
unemployment
169
67
872
-
total
3 451
1 374
17 869
-
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.

11 234
4 471
58 159
-
pensions
2 191
872
11 341
-
total
2 191
872
11 341
-
Corporate
56 076
64 157
-
-
income
5 047
5 774
-
-
total
5 047
5 774
-
-
Dividends
51 029
58 383
-
-
social contributions
9 900
11 334
-
-
withholding
9 695
11 093
-
-
total
19 595
22 427
-
-
Income
69 500
69 500
69 500
69 500
Total tax
30 284
30 447
29 210
21 354
After tax
39 216
39 053
40 290
48 146
Living cost
7 782
7 782
7 782
7 782
Free-cash
31 434
31 271
32 508
40 364

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴45255
₴42594
₴26907
₴29713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
9 313
pensions
-
-
-
13 900
health
-
-
-
9 035
total
-
-
-
32 248
Employee
12 151
-
51 943
-
income
1 368
-
10 015
-
pensions
243
-
1 039
-
unemployment
194
-
831
-
total
1 805
-
11 885
-
Employer
12 151
-
51 943
-
unemployment
98
-
415
-
pensions
2 430
-
10 389
-
health
1 579
-
6 753
-
total
4 107
-
17 557
-
Corporate
53 242
69 500
-
-
income
10 649
13 900
-
-
total
10 649
13 900
-
-
Dividends
42 594
55 600
-
-
total
-
-
-
-
Income
69 500
69 500
69 500
69 500
Total tax
16 561
13 900
29 442
32 248
After tax
52 939
55 600
40 058
37 252
Living cost
10 345
10 345
10 345
10 345
Free-cash
42 594
45 255
29 713
26 907

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴3738
₴4193
₴38161
₴28189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
accident
-
-
-
108
income
-
-
-
19 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 971
Employee
14 736
-
62 244
-
health
1 687
-
7 127
-
income
2 022
-
14 311
-
pensions
1 659
-
3 249
-
total
5 368
-
24 687
-
Employer
14 736
-
62 244
-
accident
246
-
1 040
-
unemployment
361
-
1 525
-
pensions
2 396
-
4 691
-
total
3 003
-
7 256
-
Corporate
51 761
69 500
-
-
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.

46 585
62 550
-
-
total
46 585
62 550
-
-
Dividends
5 176
6 950
-
-
withholding
983
1 320
-
-
total
983
1 320
-
-
Income
69 500
69 500
69 500
69 500
Total tax
55 939
63 870
31 943
21 971
After tax
13 561
5 630
37 557
47 529
Living cost
9 368
9 368
9 368
9 368
Free-cash
4 193
-3 738
28 189
38 161

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴62171
₴61449
₴64951
₴51746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
69 500
microenterprise

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

-
-
-
695
total
-
-
-
695
Employee
4 817
-
69 500
-
income
963
-
13 900
-
total
963
-
13 900
-
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%.

64 683
69 500
-
-
total
-
-
-
-
Dividends
64 683
69 500
-
-
withholding
3 234
3 475
-
-
total
3 234
3 475
-
-
Income
69 500
69 500
69 500
69 500
Total tax
4 197
3 475
13 900
695
After tax
65 303
66 025
55 600
68 805
Living cost
3 854
3 854
3 854
3 854
Free-cash
61 449
62 171
51 746
64 951

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴39649
₴36757
₴26330
₴28119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
10 165
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.

-
-
-
15 632
other
-
-
-
3 094
health
-
-
-
2 866
total
-
-
-
31 757
Employee
15 552
-
55 511
-
health
218
-
777
-
income
2 677
-
10 761
-
pensions

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

1 088
-
3 886
-
unemployment
155
-
555
-
total
4 138
-
15 979
-
Employer
15 552
-
55 511
-
accident
124
-
444
-
other
778
-
2 776
-
unemployment
155
-
555
-
pensions

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

2 644
-
9 437
-
health
218
-
777
-
total
3 919
-
13 989
-
Corporate
50 029
69 500
-
-
income
10 506
14 595
-
-
total
10 506
14 595
-
-
Dividends
39 522
54 905
-
-
withholding
2 767
3 843
-
-
total
2 767
3 843
-
-
Income
69 500
69 500
69 500
69 500
Total tax
21 330
18 438
29 968
31 757
After tax
48 170
51 062
39 532
37 743
Living cost
11 413
11 413
11 413
11 413
Free-cash
36 757
39 649
28 119
26 330

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
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.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17420
₴17427
₴17809
₴11485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
19 204
pensions
-
-
-
3 743
total
-
-
-
22 947
Employee
40 669
-
60 769
-
health
670
-
905
-
income
7 331
-
14 987
-
pensions
3 923
-
4 649
-
total
11 924
-
20 541
-
Employer
40 669
-
60 769
-
pensions
4 802
-
7 575
-
health
772
-
1 155
-
total
5 574
-
8 730
-
Corporate
23 257
69 500
-
-
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.

4 418
13 205
-
-
total
4 418
13 205
-
-
Dividends
18 838
56 295
-
-
withholding
1 413
10 131
-
-
total
1 413
10 131
-
-
Income
69 500
69 500
69 500
69 500
Total tax
23 329
23 336
29 271
22 947
After tax
46 171
46 164
40 229
46 553
Living cost
28 744
28 744
28 744
28 744
Free-cash
17 427
17 420
11 485
17 809

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴53804
₴51813
₴49458
₴52119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
10 425
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
14 423
Employee
7 440
-
66 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
6 656
-
pensions

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

653
-
1 314
-
total
1 821
-
8 824
-
Employer
7 440
-
66 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
60 600
69 500
-
-
income
6 060
6 950
-
-
total
6 060
6 950
-
-
Dividends
54 540
62 550
-
-
withholding
2 727
3 127
-
-
total
2 727
3 127
-
-
Income
69 500
69 500
69 500
69 500
Total tax
12 068
10 077
11 762
14 423
After tax
57 432
59 423
57 738
55 077
Living cost
5 619
5 619
5 619
5 619
Free-cash
51 813
53 804
52 119
49 458

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴10570
₴11647
₴15032
₴19026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
20 417
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
30 717
Employee
39 710
36 577
61 540
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
8 464
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
18 764
-
Employer
39 710
36 577
61 540
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
22 837
26 518
-
-
income
4 567
5 304
-
-
total
4 567
5 304
-
-
Dividends
18 270
21 215
-
-
income
3 882
4 508
-
-
withholding
2 741
3 182
-
-
total
6 623
7 690
-
-
Income
69 500
69 500
69 500
69 500
Total tax
34 102
35 179
26 723
30 717
After tax
35 398
34 321
42 777
38 783
Living cost
23 751
23 751
23 751
23 751
Free-cash
11 647
10 570
19 026
15 032

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴37592
₴33931
₴28293
₴25303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
6 803
health
-
-
-
9 383
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
30 948
Employee
15 086
-
52 166
-
social contributions
981
-
3 286
-
health
2 037
-
7 042
-
solidarity contribution
-
-
-
-
income
1 810
-
6 276
-
total
4 828
-
16 604
-
Employer
15 086
-
52 166
-
social contributions
3 772
-
12 639
-
health
1 358
-
4 695
-
total
5 130
-
17 334
-
Corporate
49 284
69 500
-
-
income
9 364
13 205
-
-
total
9 364
13 205
-
-
Dividends
39 920
56 295
-
-
withholding
5 988
8 444
-
-
total
5 988
8 444
-
-
Income
69 500
69 500
69 500
69 500
Total tax
25 310
21 649
33 938
30 948
After tax
44 190
47 851
35 562
38 552
Living cost
10 259
10 259
10 259
10 259
Free-cash
33 931
37 592
25 303
28 293

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴19007
₴16771
₴15491
₴12352
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
municipal
-
-
-
413
regional
-
-
-
814
national
-
-
-
16 834
social contributions
-
-
-
17 875
total
-
-
-
35 936
Employee
38 066
-
69 500
-
social contributions
12 836
-
23 435
-
regional
359
-
718
-
municipal
202
-
368
-
national
6 596
-
14 554
-
total
19 993
-
39 075
-
Employer
38 066
-
69 500
-
total
-
-
-
-
Corporate
31 434
69 500
-
-
nationa
7 544
16 680
-
-
municipal
1 226
2 711
-
-
total
8 770
19 391
-
-
Dividends
22 664
50 110
-
-
withholding
5 893
13 029
-
-
total
5 893
13 029
-
-
Income
69 500
69 500
69 500
69 500
Total tax
34 656
32 420
39 075
35 936
After tax
34 844
37 080
30 425
33 564
Living cost
18 073
18 073
18 073
18 073
Free-cash
16 771
19 007
12 352
15 491

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴34264
₴32930
₴23515
₴20827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
18 245
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 699
total
-
-
-
36 533
Employee
14 164
-
57 467
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
2 256
-
income
2 374
-
15 683
-
pensions
944
-
3 813
-
unemployment
986
-
3 979
-
total
4 712
-
27 188
-
Employer
14 164
-
57 467
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
52 354
69 500
-
-
income
13 612
18 070
-
-
total
13 612
18 070
-
-
Dividends
38 742
51 430
-
-
withholding
5 812
7 714
-
-
total
5 812
7 714
-
-
Income
69 500
69 500
69 500
69 500
Total tax
27 118
25 784
39 221
36 533
After tax
42 382
43 716
30 279
32 967
Living cost
9 452
9 452
9 452
9 452
Free-cash
32 930
34 264
20 827
23 515

Estimated living cost  is ₴9452 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴26527
₴29053
₴26916
₴20592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
19 204
pensions
-
-
-
3 743
total
-
-
-
22 947
Employee
27 255
-
60 769
-
health
396
-
905
-
income
4 909
-
14 987
-
pensions
2 313
-
4 649
-
total
7 618
-
20 541
-
Employer
27 255
-
60 769
-
pensions
2 950
-
7 575
-
health
518
-
1 155
-
total
3 468
-
8 730
-
Corporate
38 777
69 500
-
-
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.

7 368
13 205
-
-
total
7 368
13 205
-
-
Dividends
31 409
56 295
-
-
withholding
2 356
10 131
-
-
total
2 356
10 131
-
-
Income
69 500
69 500
69 500
69 500
Total tax
20 810
23 336
29 271
22 947
After tax
48 690
46 164
40 229
46 553
Living cost
19 637
19 637
19 637
19 637
Free-cash
29 053
26 527
20 592
26 916

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴591
₴13257
₴24176
₴20844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
city
-
-
-
732
pensions
-
-
-
6 394
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.

-
-
-
1 390
regional
-
-
-
3 292
health
-
-
-
156
national
-
-
-
988
total
-
-
-
12 952
Employee
37 884
-
62 207
-
city
407
-
668
-
regional
1 241
-
2 851
-
health
86
-
140
-
pensions
3 183
-
5 226
-
unemployment
-
-
-
-
national
179
-
789
-
total
5 096
-
9 674
-
Employer
37 884
-
62 207
-
other

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

757
-
1 244
-
unemployment
-
-
-
-
pensions
3 183
-
5 226
-
health
86
-
140
-
total
4 026
-
6 610
-
Corporate
27 174
69 500
-
-
regional
5 748
14 699
-
-
national
2 310
5 907
-
-
total
8 058
20 606
-
-
Dividends
19 117
48 894
-
-
withholding
6 691
17 113
-
-
total
6 691
17 113
-
-
Income
69 500
69 500
69 500
69 500
Total tax
23 871
37 719
16 284
12 952
After tax
45 629
31 781
53 216
56 548
Living cost
32 372
32 372
32 372
32 372
Free-cash
13 257
-591
20 844
24 176

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴14728
₴21672
₴16481
₴24985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
trade
-
-
-
8 504
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.

-
-
-
20 823
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 145
total
-
-
-
33 398
Employee

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

25 741
-
69 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
1 145
-
income

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

3 027
-
20 823
-
total
6 120
-
24 894
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 759
69 500
-
-
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.

361
573
-
-
income
6 563
10 425
-
-
trade
7 505
11 919
-
-
chamber of commerce
127
163
-
-
total
14 556
23 080
-
-
Dividends
29 203
46 420
-
-
surtax

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

393
629
-
-
withholding
7 138
11 442
-
-
total
7 531
12 071
-
-
Income
69 500
69 500
69 500
69 500
Total tax
28 207
35 151
24 894
33 398
After tax
41 293
34 349
44 606
36 102
Living cost
19 621
19 621
19 621
19 621
Free-cash
21 672
14 728
24 985
16 481

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20374
₴22905
₴24607
₴24199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
10 391
pensions
-
-
-
12 960
other
-
-
-
2 155
health
-
-
-
2 753
surtax
-
-
-
-
social contributions
-
-
-
1 980
total
-
-
-
30 239
Employee
18 331
-
54 186
-
social contributions
523
-
1 544
-
surtax
-
-
-
-
income
1 082
-
10 184
-
pensions
2 073
-
3 603
-
total
3 678
-
15 331
-
Employer
18 331
-
54 186
-
other
632
-
2 044
-
social contributions
55
-
163
-
unemployment
742
-
2 195
-
pensions
3 011
-
6 095
-
health
1 283
-
4 819
-
total
5 723
-
15 316
-
Corporate
45 444
69 500
-
-
surtax
-
-
-
-
income
12 725
19 460
-
-
total
12 725
19 460
-
-
Dividends
32 719
50 040
-
-
surtax
-
-
-
-
social contributions
5 627
8 607
-
-
withholding
4 188
6 405
-
-
total
9 815
15 012
-
-
Income
69 500
69 500
69 500
69 500
Total tax
31 941
34 472
30 647
30 239
After tax
37 559
35 028
38 853
39 261
Living cost
14 654
14 654
14 654
14 654
Free-cash
22 905
20 374
24 199
24 607

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴21826
₴24205
₴26059
₴25651
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
10 391
pensions
-
-
-
12 960
other
-
-
-
2 155
health
-
-
-
2 753
surtax
-
-
-
-
social contributions
-
-
-
1 980
total
-
-
-
30 239
Employee
16 363
-
54 186
-
social contributions
467
-
1 544
-
surtax
-
-
-
-
income
844
-
10 184
-
pensions
1 851
-
3 603
-
total
3 162
-
15 331
-
Employer
16 363
-
54 186
-
other
565
-
2 044
-
social contributions
49
-
163
-
unemployment
662
-
2 195
-
pensions
2 689
-
6 095
-
health
1 145
-
4 819
-
total
5 110
-
15 316
-
Corporate
48 027
69 500
-
-
surtax
-
-
-
-
income
13 447
19 460
-
-
total
13 447
19 460
-
-
Dividends
34 579
50 040
-
-
surtax
-
-
-
-
social contributions
5 948
8 607
-
-
withholding
4 426
6 405
-
-
total
10 374
15 012
-
-
Income
69 500
69 500
69 500
69 500
Total tax
32 093
34 472
30 647
30 239
After tax
37 407
35 028
38 853
39 261
Living cost
13 202
13 202
13 202
13 202
Free-cash
24 205
21 826
25 651
26 059

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴33318
₴33543
₴35551
₴34293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
10 425
health
-
-
-
4 851
social contributions
-
-
-
9 591
total
-
-
-
24 867
Employee
14 522
-
69 500
-
social contributions
2 004
-
9 591
-
health
1 014
-
4 851
-
income
2 422
-
11 683
-
total
5 440
-
26 125
-
Employer
14 522
-
69 500
-
total
-
-
-
-
Corporate
54 978
69 500
-
-
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%.

2 749
3 475
-
-
total
2 749
3 475
-
-
Dividends
52 229
66 025
-
-
health
3 645
4 609
-
-
social contributions
7 207
9 112
-
-
withholding
7 834
9 904
-
-
total
18 686
23 625
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 875
27 100
26 125
24 867
After tax
42 625
42 400
43 375
44 633
Living cost
9 082
9 082
9 082
9 082
Free-cash
33 543
33 318
34 293
35 551

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴23419
₴22756
₴20562
₴3223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
chamber of commerce
-
-
-
278
income
-
-
-
17 771
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
33 846
Employee
21 405
17 069
54 677
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
14 037
-
pensions
2 192
1 748
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 351
23 099
-
Employer
21 405
17 069
54 677
-
accident
278
222
650
-
other
1 017
810
2 557
-
chamber of commerce
85
68
219
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 143
6 280
-
payroll
642
512
1 640
-
health
809
645
1 891
-
total
6 244
4 997
14 823
-
Corporate
41 851
47 434
53 051
-
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.

10 463
11 858
13 263
-
total
10 463
11 858
13 263
-
Dividends
31 388
35 576
-
-
withholding
8 632
9 783
-
-
total
8 632
9 783
-
-
Income
69 500
69 500
69 500
69 500
Total tax
31 652
30 989
51 185
33 846
After tax
37 848
38 511
18 315
35 654
Living cost
15 092
15 092
15 092
15 092
Free-cash
22 756
23 419
3 223
20 562

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴23264
₴16841
₴14475
₴9184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
national
-
-
-
25 200
communal

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

-
-
-
3 529
social contributions
-
-
-
10 679
total
-
-
-
39 408
Employee

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

30 638
-
53 830
-
communal

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

1 598
-
2 807
-
health

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

1 439
-
2 530
-
pensions

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

2 298
-
4 037
-
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
-
468
-
national
9 419
-
19 186
-
total
15 021
-
29 028
-
Employer

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

30 638
-
53 830
-
accident

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

398
-
700
-
unemployment

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

447
-
786
-
surtax
3 474
-
6 104
-
pensions

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

2 715
-
4 770
-
health

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

1 884
-
3 311
-
total
8 918
-
15 671
-
Corporate
29 944
69 500
-
-
surtax
119
278
-
-
income
5 989
13 900
-
-
total
6 108
14 178
-
-
Dividends
23 836
55 322
-
-
withholding

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

6 995
16 441
-
-
total
6 995
16 441
-
-
Income
69 500
69 500
69 500
69 500
Total tax
37 042
30 619
44 699
39 408
After tax
32 458
38 881
24 801
30 092
Living cost
15 617
15 617
15 617
15 617
Free-cash
16 841
23 264
9 184
14 475

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴30930
₴27887
₴23601
₴21805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
accident
-
-
-
358
income
-
-
-
18 520
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
30 431
Employee
21 321
-
56 844
-
other
21
-
40
-
income
4 499
-
17 050
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
19 571
-
Employer
21 321
-
56 844
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
41 383
69 500
-
-
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.

6 207
10 425
-
-
total
6 207
10 425
-
-
Dividends
35 176
59 075
-
-
withholding
7 289
12 677
-
-
total
7 289
12 677
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 145
23 102
32 227
30 431
After tax
43 355
46 398
37 273
39 069
Living cost
15 468
15 468
15 468
15 468
Free-cash
27 887
30 930
21 805
23 601

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴17737
₴12546
₴11751
₴14522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
accident
-
-
-
586
income
-
-
-
10 748
pensions
-
-
-
10 417
health
-
-
-
4 883
surtax
-
-
-
3 446
communal
-
-
-
4 392
total
-
-
-
34 472
Employee
32 436
-
62 081
-
health
1 444
-
2 763
-
surtax
1 988
-
3 805
-
income
3 133
-
12 749
-
pensions
2 594
-
4 966
-
total
9 159
-
24 283
-
Employer
32 436
-
62 081
-
accident
292
-
558
-
pensions
2 594
-
4 966
-
health
989
-
1 894
-
total
3 875
-
7 418
-
Corporate
33 188
69 500
-
-
surtax
349
730
-
-
communal
2 240
4 692
-
-
income
4 978
10 425
-
-
total
7 567
15 847
-
-
Dividends
25 621
53 653
-
-
income
9 233
4 591
-
-
withholding
3 843
8 048
-
-
total
13 076
12 639
-
-
Income
69 500
69 500
69 500
69 500
Total tax
33 677
28 486
31 701
34 472
After tax
35 823
41 014
37 799
35 028
Living cost
23 277
23 277
23 277
23 277
Free-cash
12 546
17 737
14 522
11 751

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴34096
₴32733
₴23347
₴20659
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
18 245
pensions
-
-
-
11 433
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
2 699
total
-
-
-
36 533
Employee
14 424
-
57 467
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
2 256
-
income
2 418
-
15 683
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 979
-
total
4 803
-
27 188
-
Employer
14 424
-
57 467
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
52 039
69 500
-
-
income
13 530
18 070
-
-
total
13 530
18 070
-
-
Dividends
38 509
51 430
-
-
withholding
5 777
7 714
-
-
total
5 777
7 714
-
-
Income
69 500
69 500
69 500
69 500
Total tax
27 147
25 784
39 221
36 533
After tax
42 353
43 716
30 279
32 967
Living cost
9 620
9 620
9 620
9 620
Free-cash
32 733
34 096
20 659
23 347

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴24993
₴24041
₴21792
₴18670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
municipal
-
-
-
413
regional
-
-
-
1 048
national
-
-
-
16 834
social contributions
-
-
-
17 875
total
-
-
-
36 170
Employee
23 759
-
69 500
-
social contributions
8 012
-
23 435
-
regional
320
-
935
-
municipal
126
-
368
-
national
3 764
-
14 554
-
total
12 222
-
39 292
-
Employer
23 759
-
69 500
-
total
-
-
-
-
Corporate
45 741
69 500
-
-
nationa
10 978
16 680
-
-
municipal
2 273
3 454
-
-
total
13 251
20 134
-
-
Dividends
32 489
49 366
-
-
withholding
8 448
12 835
-
-
total
8 448
12 835
-
-
Income
69 500
69 500
69 500
69 500
Total tax
33 921
32 969
39 292
36 170
After tax
35 579
36 531
30 208
33 330
Living cost
11 538
11 538
11 538
11 538
Free-cash
24 041
24 993
18 670
21 792

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴35210
₴30699
₴25911
₴22921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
6 803
health
-
-
-
9 383
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
30 948
Employee
18 590
-
52 166
-
social contributions
1 208
-
3 286
-
health
2 510
-
7 042
-
solidarity contribution
-
-
-
-
income
2 231
-
6 276
-
total
5 949
-
16 604
-
Employer
18 590
-
52 166
-
social contributions
4 648
-
12 639
-
health
1 673
-
4 695
-
total
6 321
-
17 334
-
Corporate
44 589
69 500
-
-
income
8 472
13 205
-
-
total
8 472
13 205
-
-
Dividends
36 117
56 295
-
-
withholding
5 418
8 444
-
-
total
5 418
8 444
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 160
21 649
33 938
30 948
After tax
43 340
47 851
35 562
38 552
Living cost
12 641
12 641
12 641
12 641
Free-cash
30 699
35 210
22 921
25 911

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴24892
₴24680
₴22074
₴4676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
chamber of commerce
-
-
-
278
income
-
-
-
17 771
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
33 761
Employee
18 723
17 069
54 756
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
14 071
-
pensions
1 917
1 748
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 351
23 133
-
Employer
18 723
17 069
54 756
-
accident
243
222
650
-
other
889
810
2 560
-
chamber of commerce
75
68
219
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 143
6 280
-
payroll
562
512
1 643
-
health
708
645
1 891
-
total
5 389
4 912
14 744
-
Corporate
45 389
47 518
53 130
-
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.

11 347
11 879
13 282
-
total
11 347
11 879
13 282
-
Dividends
34 042
35 639
-
-
withholding
9 361
9 801
-
-
total
9 361
9 801
-
-
Income
69 500
69 500
69 500
69 500
Total tax
31 155
30 943
51 159
33 761
After tax
38 345
38 557
18 341
35 739
Living cost
13 665
13 665
13 665
13 665
Free-cash
24 680
24 892
4 676
22 074

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴60020
₴58894
₴62800
₴49595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
69 500
microenterprise

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

-
-
-
695
total
-
-
-
695
Employee
7 506
-
69 500
-
income
1 501
-
13 900
-
total
1 501
-
13 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

61 994
69 500
-
-
total
-
-
-
-
Dividends
61 994
69 500
-
-
withholding
3 100
3 475
-
-
total
3 100
3 475
-
-
Income
69 500
69 500
69 500
69 500
Total tax
4 601
3 475
13 900
695
After tax
64 899
66 025
55 600
68 805
Living cost
6 005
6 005
6 005
6 005
Free-cash
58 894
60 020
49 595
62 800

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴36363
₴32781
₴22759
₴20918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
income
-
-
-
15 619
pensions
-
-
-
12 692
unemployment
-
-
-
104
health
-
-
-
6 838
total
-
-
-
35 253
Employee

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

18 940
-
60 136
-
health
1 223
-
3 884
-
income
3 266
-
14 441
-
pensions
2 936
-
9 321
-
unemployment
27
-
85
-
total
7 452
-
27 731
-
Employer

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

18 940
-
60 136
-
unemployment
11
-
36
-
pensions
1 676
-
5 322
-
health
1 261
-
4 005
-
total
2 948
-
9 363
-
Corporate
47 611
69 500
-
-
income
9 046
13 205
-
-
total
9 046
13 205
-
-
Dividends
38 565
56 295
-
-
withholding
5 785
8 444
-
-
total
5 785
8 444
-
-
Income
69 500
69 500
69 500
69 500
Total tax
25 231
21 649
37 094
35 253
After tax
44 269
47 851
32 406
34 247
Living cost
11 488
11 488
11 488
11 488
Free-cash
32 781
36 363
20 918
22 759

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴23786
₴3394
₴29532
₴45362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
13 547
social contributions
-
-
-
7 923
total
-
-
-
21 470
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
5 579
69 500
-
-
income
1 227
15 290
-
-
total
1 227
15 290
-
-
Dividends
4 351
54 210
-
-
income
957
11 926
-
-
total
957
11 926
-
-
Income
69 500
69 500
69 500
69 500
Total tax
47 608
27 216
5 640
21 470
After tax
21 892
42 284
63 860
48 030
Living cost
18 498
18 498
18 498
18 498
Free-cash
3 394
23 786
45 362
29 532

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26096
₴25664
₴24009
₴18898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
income
-
-
-
7 905
surtax
-
-
-
-
social contributions

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

-
-
-
24 151
total
-
-
-
32 056
Employee
19 699
-
56 162
-
social contributions
2 167
-
6 178
-
surtax
-
-
-
-
income
4 098
-
17 651
-
total
6 265
-
23 829
-
Employer
19 699
-
56 162
-
social contributions
4 679
-
13 338
-
total
4 679
-
13 338
-
Corporate
45 122
69 500
-
-
surtax
-
-
-
-
income
9 476
14 595
-
-
total
9 476
14 595
-
-
Dividends
35 646
54 905
-
-
withholding
9 981
15 374
-
-
total
9 981
15 374
-
-
Income
69 500
69 500
69 500
69 500
Total tax
30 401
29 969
37 167
32 056
After tax
39 099
39 531
32 333
37 444
Living cost
13 435
13 435
13 435
13 435
Free-cash
25 664
26 096
18 898
24 009

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴14341
₴17284
₴18574
₴18166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
10 391
pensions
-
-
-
12 960
other
-
-
-
2 155
health
-
-
-
2 753
surtax
-
-
-
-
social contributions
-
-
-
1 980
total
-
-
-
30 239
Employee
26 826
-
54 186
-
social contributions
764
-
1 544
-
surtax
-
-
-
-
income
2 341
-
10 184
-
pensions
3 034
-
3 603
-
total
6 139
-
15 331
-
Employer
26 826
-
54 186
-
other
926
-
2 044
-
social contributions
80
-
163
-
unemployment
1 087
-
2 195
-
pensions
4 408
-
6 095
-
health
1 878
-
4 819
-
total
8 379
-
15 316
-
Corporate
34 295
69 500
-
-
surtax
-
-
-
-
income
9 603
19 460
-
-
total
9 603
19 460
-
-
Dividends
24 693
50 040
-
-
surtax
-
-
-
-
social contributions
4 247
8 607
-
-
withholding
3 161
6 405
-
-
total
7 408
15 012
-
-
Income
69 500
69 500
69 500
69 500
Total tax
31 529
34 472
30 647
30 239
After tax
37 971
35 028
38 853
39 261
Living cost
20 687
20 687
20 687
20 687
Free-cash
17 284
14 341
18 166
18 574

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴49675
₴48236
₴38514
₴40362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
2 820
social contributions
-
-
-
15 291
total
-
-
-
18 111
Employee
13 770
-
60 173
-
income
-
-
3 025
-
social contributions
895
-
3 911
-
total
895
-
6 936
-
Employer
13 770
-
60 173
-
social contributions
2 134
-
9 327
-
total
2 134
-
9 327
-
Corporate
53 596
69 500
-
-
income
5 360
6 950
-
-
total
5 360
6 950
-
-
Dividends
48 236
62 550
-
-
total
-
-
-
-
Income
69 500
69 500
69 500
69 500
Total tax
8 389
6 950
16 263
18 111
After tax
61 111
62 550
53 237
51 389
Living cost
12 875
12 875
12 875
12 875
Free-cash
48 236
49 675
40 362
38 514

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴23862
-₴23862
₴20698
-₴23862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
municipal
-
-
-
14 300
pensions
-
-
-
371
national
-
-
-
7 964
labour market
-
-
-
5 530
total
-
-
-
28 165
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
69 500
69 500
69 500
69 500
Total tax
72 725
72 725
72 725
28 165
After tax
-3 225
-3 225
-3 225
41 335
Living cost
20 637
20 637
20 637
20 637
Free-cash
-23 862
-23 862
-23 862
20 698

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3600
₴4213
₴38299
₴28327
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
accident
-
-
-
108
income
-
-
-
19 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 971
Employee
14 519
-
62 244
-
health
1 663
-
7 127
-
income
1 992
-
14 311
-
pensions
1 635
-
3 249
-
total
5 290
-
24 687
-
Employer
14 519
-
62 244
-
accident
242
-
1 040
-
unemployment
356
-
1 525
-
pensions
2 361
-
4 691
-
total
2 959
-
7 256
-
Corporate
52 022
69 500
-
-
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.

46 820
62 550
-
-
total
46 820
62 550
-
-
Dividends
5 202
6 950
-
-
withholding
988
1 320
-
-
total
988
1 320
-
-
Income
69 500
69 500
69 500
69 500
Total tax
56 057
63 870
31 943
21 971
After tax
13 443
5 630
37 557
47 529
Living cost
9 230
9 230
9 230
9 230
Free-cash
4 213
-3 600
28 327
38 299

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴27476
₴28409
₴29246
₴20393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
69 500
municipal
-
-
-
12 350
health
-
-
-
892
national
-
-
-
10 568
total
-
-
-
23 810
Employee
22 535
-
58 467
-
health
168
-
722
-
municipal
3 691
-
9 526
-
pensions
1 521
-
3 946
-
unemployment
338
-
877
-
national
372
-
6 559
-
total
6 090
-
21 630
-
Employer
22 535
-
58 467
-
accident
23
-
59
-
unemployment
146
-
380
-
pensions
3 910
-
10 144
-
health
173
-
450
-
total
4 252
-
11 033
-
Corporate
42 714
69 500
-
-
income
8 543
13 900
-
-
total
8 543
13 900
-
-
Dividends

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

25 628
41 700
-
-
national
1 149
4 174
-
-
municipal
4 613
7 506
-
-
total
5 762
11 680
-
-
Income
69 500
69 500
69 500
69 500
Total tax
24 647
25 580
32 663
23 810
After tax
44 853
43 920
36 837
45 690
Living cost
16 444
16 444
16 444
16 444
Free-cash
28 409
27 476
20 393
29 246

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴40803
₴38473
₴37884
₴37256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
12 997
health
-
-
-
1 772
social contributions
-
-
-
6 930
total
-
-
-
21 699
Employee
32 936
32 936
64 617
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 098
-
income
3 586
3 049
12 659
-
total
5 086
6 342
17 444
-
Employer
32 936
32 936
64 617
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 196
-
total
1 522
3 343
4 883
-
Corporate
52 974
33 221
-
-
income
6 622
4 153
-
-
total
6 622
4 153
-
-
Dividends
46 352
29 069
-
-
withholding
7 880
4 942
-
-
total
7 880
4 942
-
-
Income
69 500
69 500
69 500
69 500
Total tax
21 110
18 780
22 327
21 699
After tax
48 390
50 720
47 173
47 801
Living cost
9 917
9 917
9 917
9 917
Free-cash
38 473
40 803
37 256
37 884

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴50753
₴48573
₴51391
₴42801
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
69 500
income
-
-
-
7 022
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
11 309
Employee

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

9 831
-
65 314
-
health
836
-
3 454
-
income
672
-
5 960
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
15 713
-
Employer

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

9 831
-
65 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
58 657
69 500
-
-
income
5 279
6 255
-
-
total
5 279
6 255
-
-
Dividends
53 377
63 245
-
-
withholding
4 804
5 692
-
-
total
4 804
5 692
-
-
Income
69 500
69 500
69 500
69 500
Total tax
14 127
11 947
19 899
11 309
After tax
55 373
57 553
49 601
58 191
Living cost
6 800
6 800
6 800
6 800
Free-cash
48 573
50 753
42 801
51 391

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴34620
₴32729
₴27291
₴25495
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
accident
-
-
-
358
income
-
-
-
18 520
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
30 431
Employee
15 837
-
56 844
-
other
15
-
40
-
income
3 053
-
17 050
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
19 571
-
Employer
15 837
-
56 844
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
48 613
69 500
-
-
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.

7 292
10 425
-
-
total
7 292
10 425
-
-
Dividends
41 322
59 075
-
-
withholding
8 594
12 677
-
-
total
8 594
12 677
-
-
Income
69 500
69 500
69 500
69 500
Total tax
24 993
23 102
32 227
30 431
After tax
44 507
46 398
37 273
39 069
Living cost
11 778
11 778
11 778
11 778
Free-cash
32 729
34 620
25 495
27 291

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42198
₴42005
₴43318
₴43236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
23 540
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
25 012
Employee
1 782
-
68 540
-
health
89
-
213
-
income
345
-
23 495
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
24 135
-
Employer
1 782
-
68 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
67 317
69 500
-
-
income
14 810
15 290
-
-
total
14 810
15 290
-
-
Dividends
52 508
54 210
-
-
withholding
10 502
10 842
-
-
total
10 502
10 842
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 325
26 132
25 094
25 012
After tax
43 175
43 368
44 406
44 488
Living cost
1 170
1 170
1 170
1 170
Free-cash
42 005
42 198
43 236
43 318

Estimated living cost  is ₴1170 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴42806
₴40698
₴34540
₴34541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
income
-
-
-
15 586
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
27 552
Employee

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

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

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

11 170
-
63 834
-
health
575
-
1 630
-
income
1 540
-
15 586
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
21 885
-
Employer

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

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

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

11 170
-
63 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
56 330
69 500
-
-
income
8 450
10 425
-
-
total
8 450
10 425
-
-
Dividends
47 881
59 075
-
-
withholding
7 182
8 861
-
-
total
7 182
8 861
-
-
Income
69 500
69 500
69 500
69 500
Total tax
21 394
19 286
27 551
27 552
After tax
48 106
50 214
41 949
41 948
Living cost
7 408
7 408
7 408
7 408
Free-cash
40 698
42 806
34 541
34 540

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴27984
₴27830
₴25897
₴20786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
income
-
-
-
7 905
surtax
-
-
-
-
social contributions

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

-
-
-
24 151
total
-
-
-
32 056
Employee
16 624
-
56 162
-
social contributions
1 829
-
6 178
-
surtax
-
-
-
-
income
3 248
-
17 651
-
total
5 077
-
23 829
-
Employer
16 624
-
56 162
-
social contributions
3 948
-
13 338
-
total
3 948
-
13 338
-
Corporate
48 928
69 500
-
-
surtax
-
-
-
-
income
10 275
14 595
-
-
total
10 275
14 595
-
-
Dividends
38 653
54 905
-
-
withholding
10 823
15 374
-
-
total
10 823
15 374
-
-
Income
69 500
69 500
69 500
69 500
Total tax
30 123
29 969
37 167
32 056
After tax
39 377
39 531
32 333
37 444
Living cost
11 547
11 547
11 547
11 547
Free-cash
27 830
27 984
20 786
25 897

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴31345
₴28446
₴24016
₴22220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
accident
-
-
-
358
income
-
-
-
18 520
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
30 431
Employee
20 686
-
56 844
-
other
20
-
40
-
income
4 321
-
17 050
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
19 571
-
Employer
20 686
-
56 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
42 219
69 500
-
-
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.

6 333
10 425
-
-
total
6 333
10 425
-
-
Dividends
35 886
59 075
-
-
withholding
7 439
12 677
-
-
total
7 439
12 677
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 001
23 102
32 227
30 431
After tax
43 499
46 398
37 273
39 069
Living cost
15 053
15 053
15 053
15 053
Free-cash
28 446
31 345
22 220
24 016

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴52051
₴49439
₴47705
₴50366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
10 425
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
14 423
Employee
9 762
-
66 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
6 656
-
pensions

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

857
-
1 314
-
total
2 389
-
8 824
-
Employer
9 762
-
66 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
57 822
69 500
-
-
income
5 782
6 950
-
-
total
5 782
6 950
-
-
Dividends
52 040
62 550
-
-
withholding
2 602
3 127
-
-
total
2 602
3 127
-
-
Income
69 500
69 500
69 500
69 500
Total tax
12 689
10 077
11 762
14 423
After tax
56 811
59 423
57 738
55 077
Living cost
7 372
7 372
7 372
7 372
Free-cash
49 439
52 051
50 366
47 705

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴19242
₴24846
₴20955
₴28070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
trade
-
-
-
7 115
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.

-
-
-
20 823
health

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

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

-
-
-
2 926
surtax

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

-
-
-
1 145
total
-
-
-
32 009
Employee

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

21 311
-
69 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
1 145
-
income

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

1 752
-
20 823
-
total
4 775
-
24 894
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 189
69 500
-
-
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.

397
573
-
-
income
7 228
10 425
-
-
trade
6 915
9 973
-
-
chamber of commerce
136
167
-
-
total
14 676
21 138
-
-
Dividends
33 512
48 362
-
-
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.

452
656
-
-
withholding
8 215
11 928
-
-
total
8 667
12 584
-
-
Income
69 500
69 500
69 500
69 500
Total tax
28 118
33 722
24 894
32 009
After tax
41 382
35 778
44 606
37 491
Living cost
16 536
16 536
16 536
16 536
Free-cash
24 846
19 242
28 070
20 955

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴24251
₴25197
₴12924
₴12924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
20 720
social contributions
-
-
-
11 457
total
-
-
-
32 177
Employee
33 504
-
69 500
-
income
6 322
-
20 720
-
social contributions
2 783
-
11 457
-
total
9 105
-
32 177
-
Employer
33 504
-
69 500
-
total
-
-
-
-
Corporate
35 996
69 500
-
-
income
4 500
8 687
-
-
total
4 500
8 687
-
-
Dividends
31 496
60 813
-
-
withholding
6 299
12 163
-
-
total
6 299
12 163
-
-
Income
69 500
69 500
69 500
69 500
Total tax
19 904
20 850
32 177
32 177
After tax
49 596
48 650
37 323
37 323
Living cost
24 399
24 399
24 399
24 399
Free-cash
25 197
24 251
12 924
12 924

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴27364
₴28860
₴38899
₴34231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
67 530
-
income
2 132
-
15 781
-
social contributions
1 969
-
1 970
-
total
4 101
-
17 751
-
Employer
19 649
-
67 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
47 883
69 500
-
-
income
16 759
24 325
-
-
total
16 759
24 325
-
-
Dividends
31 124
45 175
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
69 500
69 500
69 500
69 500
Total tax
25 092
26 588
19 721
15 053
After tax
44 408
42 912
49 779
54 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
28 860
27 364
34 231
38 899

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴30199
₴32743
₴30588
₴24264
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
income
-
-
-
19 204
pensions
-
-
-
3 743
total
-
-
-
22 947
Employee
21 914
-
60 769
-
health
286
-
905
-
income
3 991
-
14 987
-
pensions
1 673
-
4 649
-
total
5 950
-
20 541
-
Employer
21 914
-
60 769
-
pensions
2 214
-
7 575
-
health
416
-
1 155
-
total
2 630
-
8 730
-
Corporate
44 956
69 500
-
-
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.

8 542
13 205
-
-
total
8 542
13 205
-
-
Dividends
36 414
56 295
-
-
withholding
3 670
10 131
-
-
total
3 670
10 131
-
-
Income
69 500
69 500
69 500
69 500
Total tax
20 792
23 336
29 271
22 947
After tax
48 708
46 164
40 229
46 553
Living cost
15 965
15 965
15 965
15 965
Free-cash
32 743
30 199
24 264
30 588

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴4513
₴4075
₴37386
₴27414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
accident
-
-
-
108
income
-
-
-
19 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
21 971
Employee
15 956
-
62 244
-
health
1 827
-
7 127
-
income
2 189
-
14 311
-
pensions
1 797
-
3 249
-
total
5 813
-
24 687
-
Employer
15 956
-
62 244
-
accident
266
-
1 040
-
unemployment
391
-
1 525
-
pensions
2 594
-
4 691
-
total
3 251
-
7 256
-
Corporate
50 292
69 500
-
-
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.

45 263
62 550
-
-
total
45 263
62 550
-
-
Dividends
5 029
6 950
-
-
withholding
955
1 320
-
-
total
955
1 320
-
-
Income
69 500
69 500
69 500
69 500
Total tax
55 282
63 870
31 943
21 971
After tax
14 218
5 630
37 557
47 529
Living cost
10 143
10 143
10 143
10 143
Free-cash
4 075
-4 513
27 414
37 386

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴52699
₴50696
₴33510
₴42928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
69 500
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
11 369
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
30 205
Employee

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

9 257
-
69 500
-
work injury
46
-
171
-
income
926
-
11 369
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
20 787
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 243
69 500
-
-
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%.

602
695
-
-
total
602
695
-
-
Dividends
59 641
68 805
-
-
withholding
8 946
10 321
-
-
total
8 946
10 321
-
-
Income
69 500
69 500
69 500
69 500
Total tax
13 019
11 016
20 787
30 205
After tax
56 481
58 484
48 713
39 295
Living cost
5 785
5 785
5 785
5 785
Free-cash
50 696
52 699
42 928
33 510

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴19544
₴17597
₴15678
₴12627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
69 500
municipal
-
-
-
465
regional
-
-
-
1 585
national
-
-
-
16 834
social contributions
-
-
-
17 875
total
-
-
-
36 759
Employee
36 093
-
69 500
-
social contributions
12 170
-
23 435
-
regional
545
-
1 406
-
municipal
215
-
415
-
national
6 099
-
14 554
-
total
19 029
-
39 810
-
Employer
36 093
-
69 500
-
total
-
-
-
-
Corporate
33 407
69 500
-
-
nationa
8 018
16 680
-
-
municipal
1 610
3 350
-
-
total
9 628
20 030
-
-
Dividends
23 780
49 471
-
-
withholding
6 183
12 863
-
-
total
6 183
12 863
-
-
Income
69 500
69 500
69 500
69 500
Total tax
34 840
32 893
39 810
36 759
After tax
34 660
36 607
29 690
32 741
Living cost
17 063
17 063
17 063
17 063
Free-cash
17 597
19 544
12 627
15 678

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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