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
₴ 7000
per

Your estimated
City
free-cash

Dresden , Germany
-₴9330
-₴9382
-₴8899
-₴8899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
2 926
Employee

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

16 382
-
7 000
-
health

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

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

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
-
-
-
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
-
-
-
total
3 409
-
2 926
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 000
-
-
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.

-
58
-
-
income
-
1 050
-
-
trade
-
1 102
-
-
chamber of commerce
-
75
-
-
total
-
2 285
-
-
Dividends
-
4 715
-
-
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.

-
56
-
-
withholding
-
1 016
-
-
total
-
1 072
-
-
Income
7 000
7 000
7 000
7 000
Total tax
3 409
3 357
2 926
2 926
After tax
3 591
3 643
4 074
4 074
Living cost
12 973
12 973
12 973
12 973
Free-cash
-9 382
-9 330
-8 899
-8 899

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
-₴17275
-₴29596
-₴16282
-₴16227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
municipal
-
-
-
284
pensions
-
-
-
840
national
-
-
-
440
social contributions
-
-
-
75
total
-
-
-
1 639
Employee
33 550
-
6 051
-
municipal
4 144
-
311
-
pensions
1 342
-
242
-
national
6 422
-
482
-
total
11 908
-
1 035
-
Employer
33 550
-
6 051
-
social contributions
361
-
65
-
pensions
2 684
-
484
-
total
3 045
-
549
-
Corporate
-
7 000
-
-
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%.

-
1 400
-
-
total
-
1 400
-
-
Dividends
-
5 600
-
-
withholding
-
1 232
-
-
total
-
1 232
-
-
Income
7 000
7 000
7 000
7 000
Total tax
14 953
2 632
1 584
1 639
After tax
-7 953
4 368
5 416
5 361
Living cost
21 643
21 643
21 643
21 643
Free-cash
-29 596
-17 275
-16 227
-16 282

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
-₴3311
-₴8531
-₴4309
-₴4894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
microenterprise
-
-
-
1 050
income
-
-
-
-
surtax
-
-
-
-
social contributions

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

-
-
-
1 348
total
-
-
-
2 398
Employee
12 516
-
5 641
-
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
-
620
-
surtax
-
-
-
-
income
2 228
-
1 004
-
total
3 605
-
1 624
-
Employer
12 516
-
5 641
-
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
-
1 359
-
surtax
-
-
-
-
total
3 015
-
1 359
-
Corporate
-
7 000
-
-
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%.

-
1 400
-
-
total
-
1 400
-
-
Dividends

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

-
5 600
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
6 620
1 400
2 983
2 398
After tax
380
5 600
4 017
4 602
Living cost
8 911
8 911
8 911
8 911
Free-cash
-8 531
-3 311
-4 894
-4 309

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
-₴33128
-₴35533
-₴13909
-₴35533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
630
pensions
-
-
-
1 261
health
-
-
-
1 075
total
-
-
-
2 966
Employee
36 577
36 577
36 577
-
health
5 614
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
6 584
-
total
18 185
15 780
18 185
-
Employer
36 577
36 577
36 577
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 546
-
health
2 542
2 542
2 542
-
total
6 405
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
24 590
22 185
24 590
2 966
After tax
-17 590
-15 185
-17 590
4 034
Living cost
17 943
17 943
17 943
17 943
Free-cash
-35 533
-33 128
-35 533
-13 909

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
-₴12727
-₴23990
-₴13060
-₴12812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
municipal
-
-
-
1 483
accident
-
-
-
14
pensions
-
-
-
757
other
-
-
-
813
unemployment
-
-
-
7
health
-
-
-
437
national
-
-
-
-
total
-
-
-
3 511
Employee
23 581
-
5 326
-
municipal
7 032
-
1 588
-
national
-
-
-
-
total
7 032
-
1 588
-
Employer
23 581
-
5 326
-
accident
47
-
11
-
other
2 740
-
619
-
unemployment
623
-
141
-
pensions
2 549
-
576
-
health
1 450
-
328
-
total
7 409
-
1 675
-
Corporate
-
7 000
-
-
income
-
1 540
-
-
total
-
1 540
-
-
Dividends
-
5 460
-
-
withholding
-
1 638
-
-
total
-
1 638
-
-
Income
7 000
7 000
7 000
7 000
Total tax
14 441
3 178
3 263
3 511
After tax
-7 441
3 822
3 737
3 489
Living cost
16 549
16 549
16 549
16 549
Free-cash
-23 990
-12 727
-12 812
-13 060

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
-₴13220
-₴14720
-₴12752
-₴12752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
2 926
Employee

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

21 721
-
7 000
-
health

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

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

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
-
-
-
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
-
-
-
total
4 894
-
2 926
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 000
-
-
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.

-
58
-
-
income
-
1 050
-
-
trade
-
1 152
-
-
chamber of commerce
-
75
-
-
total
-
2 335
-
-
Dividends
-
4 666
-
-
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.

-
55
-
-
withholding
-
1 004
-
-
total
-
1 059
-
-
Income
7 000
7 000
7 000
7 000
Total tax
4 894
3 394
2 926
2 926
After tax
2 106
3 606
4 074
4 074
Living cost
16 826
16 826
16 826
16 826
Free-cash
-14 720
-13 220
-12 752
-12 752

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
-₴16577
-₴14236
-₴9847
-₴12834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 283
income
-
-
-
-
health
-
-
-
415
social contributions
-
-
-
2 540
total
-
-
-
2 955
Employee
32 936
32 936
32 936
-
social contributions
1 600
2 733
922
-
health
328
560
189
-
income
3 459
3 049
3 703
-
total
5 387
6 342
4 814
-
Employer
32 936
32 936
32 936
-
social contributions
1 600
2 733
922
-
health
357
610
206
-
total
1 957
3 343
1 128
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
7 344
9 685
5 942
2 955
After tax
-344
-2 685
1 058
4 045
Living cost
13 892
13 892
13 892
13 892
Free-cash
-14 236
-16 577
-12 834
-9 847

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
-₴3707
-₴6424
-₴2933
-₴3724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
856
pensions
-
-
-
700
unemployment
-
-
-
105
health
-
-
-
490
total
-
-
-
2 151
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
5 858
-
health
786
313
410
-
income
1 373
547
716
-
pensions
1 123
447
586
-
unemployment
169
67
88
-
total
3 451
1 374
1 800
-
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
5 858
-
pensions
2 191
872
1 142
-
total
2 191
872
1 142
-
Corporate
-
1 657
-
-
income
-
149
-
-
total
-
149
-
-
Dividends
-
1 508
-
-
social contributions
-
243
-
-
withholding
-
287
-
-
total
-
530
-
-
Income
7 000
7 000
7 000
7 000
Total tax
5 642
2 925
2 942
2 151
After tax
1 358
4 075
4 058
4 849
Living cost
7 782
7 782
7 782
7 782
Free-cash
-6 424
-3 707
-3 724
-2 933

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
-₴4745
-₴9257
-₴5655
-₴5334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
-
pensions
-
-
-
1 400
health
-
-
-
910
total
-
-
-
2 310
Employee
12 151
-
5 232
-
income
1 368
-
33
-
pensions
243
-
105
-
unemployment
194
-
84
-
total
1 805
-
222
-
Employer
12 151
-
5 232
-
unemployment
98
-
41
-
pensions
2 430
-
1 046
-
health
1 579
-
680
-
total
4 107
-
1 767
-
Corporate
-
7 000
-
-
income
-
1 400
-
-
total
-
1 400
-
-
Dividends
-
5 600
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
5 912
1 400
1 989
2 310
After tax
1 088
5 600
5 011
4 690
Living cost
10 345
10 345
10 345
10 345
Free-cash
-9 257
-4 745
-5 334
-5 655

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
-₴8801
-₴10739
-₴6051
-₴5672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
accident
-
-
-
108
income
-
-
-
716
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
3 683
Employee
14 736
-
5 815
-
health
1 687
-
666
-
income
2 022
-
798
-
pensions
1 659
-
655
-
total
5 368
-
2 119
-
Employer
14 736
-
5 815
-
accident
246
-
97
-
unemployment
361
-
142
-
pensions
2 396
-
946
-
total
3 003
-
1 185
-
Corporate
-
7 000
-
-
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.

-
6 300
-
-
total
-
6 300
-
-
Dividends
-
700
-
-
withholding
-
133
-
-
total
-
133
-
-
Income
7 000
7 000
7 000
7 000
Total tax
8 371
6 433
3 304
3 683
After tax
-1 371
567
3 696
3 317
Living cost
9 368
9 368
9 368
9 368
Free-cash
-10 739
-8 801
-5 672
-6 051

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
₴2796
₴2074
₴3076
₴1746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
7 000
microenterprise

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

-
-
-
70
total
-
-
-
70
Employee
4 817
-
7 000
-
income
963
-
1 400
-
total
963
-
1 400
-
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%.

2 183
7 000
-
-
total
-
-
-
-
Dividends
2 183
7 000
-
-
withholding
109
350
-
-
total
109
350
-
-
Income
7 000
7 000
7 000
7 000
Total tax
1 072
350
1 400
70
After tax
5 928
6 650
5 600
6 930
Living cost
3 854
3 854
3 854
3 854
Free-cash
2 074
2 796
1 746
3 076

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
-₴6270
-₴12470
-₴7622
-₴7309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
889
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.

-
-
-
1 680
other
-
-
-
332
health
-
-
-
308
total
-
-
-
3 209
Employee
15 552
-
5 591
-
health
218
-
78
-
income
2 677
-
962
-
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
-
391
-
unemployment
155
-
56
-
total
4 138
-
1 487
-
Employer
15 552
-
5 591
-
accident
124
-
45
-
other
778
-
280
-
unemployment
155
-
56
-
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
-
950
-
health
218
-
78
-
total
3 919
-
1 409
-
Corporate
-
7 000
-
-
income
-
1 470
-
-
total
-
1 470
-
-
Dividends
-
5 530
-
-
withholding
-
387
-
-
total
-
387
-
-
Income
7 000
7 000
7 000
7 000
Total tax
8 057
1 857
2 896
3 209
After tax
-1 057
5 143
4 104
3 791
Living cost
11 413
11 413
11 413
11 413
Free-cash
-12 470
-6 270
-7 309
-7 622

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
-₴23499
-₴39242
-₴23256
-₴23343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 372
pensions
-
-
-
140
total
-
-
-
1 512
Employee
40 669
-
6 750
-
health
670
-
-
-
income
7 331
-
1 350
-
pensions
3 923
-
-
-
total
11 924
-
1 350
-
Employer
40 669
-
6 750
-
pensions
4 802
-
121
-
health
772
-
128
-
total
5 574
-
249
-
Corporate
-
7 000
-
-
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.

-
1 330
-
-
total
-
1 330
-
-
Dividends
-
5 670
-
-
withholding
-
425
-
-
total
-
425
-
-
Income
7 000
7 000
7 000
7 000
Total tax
17 498
1 755
1 599
1 512
After tax
-10 498
5 245
5 401
5 488
Living cost
28 744
28 744
28 744
28 744
Free-cash
-39 242
-23 499
-23 343
-23 256

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
₴366
-₴1900
-₴1538
-₴1199
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 050
pensions

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

-
-
-
1 036
unemployment
-
-
-
28
health
-
-
-
805
total
-
-
-
2 919
Employee
7 440
-
5 852
-
health
342
-
269
-
accident

We are using the highest rate at 1.1%.

82
-
64
-
income
744
-
585
-
pensions

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

653
-
514
-
total
1 821
-
1 432
-
Employer
7 440
-
5 852
-
accident

We are using the highest rate at 1.1%.

82
-
64
-
unemployment
44
-
35
-
pensions

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

820
-
645
-
health
514
-
404
-
total
1 460
-
1 148
-
Corporate
-
7 000
-
-
income
-
700
-
-
total
-
700
-
-
Dividends
-
6 300
-
-
withholding
-
315
-
-
total
-
315
-
-
Income
7 000
7 000
7 000
7 000
Total tax
3 281
1 015
2 580
2 919
After tax
3 719
5 985
4 420
4 081
Living cost
5 619
5 619
5 619
5 619
Free-cash
-1 900
366
-1 199
-1 538

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
-₴38936
-₴39663
-₴19717
-₴41341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
630
pensions
-
-
-
1 261
health
-
-
-
1 075
total
-
-
-
2 966
Employee
39 710
36 577
36 577
-
health
4 954
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
6 584
-
total
15 959
15 780
18 185
-
Employer
39 710
36 577
36 577
-
unemployment
1 430
1 317
1 317
-
pensions
2 764
2 546
2 546
-
health
2 759
2 542
2 542
-
total
6 953
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
22 912
22 185
24 590
2 966
After tax
-15 912
-15 185
-17 590
4 034
Living cost
23 751
23 751
23 751
23 751
Free-cash
-39 663
-38 936
-41 341
-19 717

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
-₴5439
-₴13217
-₴6850
-₴6707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
602
health
-
-
-
945
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 044
total
-
-
-
3 591
Employee
15 086
-
5 224
-
social contributions
981
-
340
-
health
2 037
-
705
-
solidarity contribution
-
-
-
-
income
1 810
-
627
-
total
4 828
-
1 672
-
Employer
15 086
-
5 224
-
social contributions
3 772
-
1 306
-
health
1 358
-
470
-
total
5 130
-
1 776
-
Corporate
-
7 000
-
-
income
-
1 330
-
-
total
-
1 330
-
-
Dividends
-
5 670
-
-
withholding
-
850
-
-
total
-
850
-
-
Income
7 000
7 000
7 000
7 000
Total tax
9 958
2 180
3 448
3 591
After tax
-2 958
4 820
3 552
3 409
Living cost
10 259
10 259
10 259
10 259
Free-cash
-13 217
-5 439
-6 707
-6 850

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
-₴14338
-₴31066
-₴15314
-₴16088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
municipal
-
-
-
29
regional
-
-
-
46
national
-
-
-
846
social contributions
-
-
-
3 320
total
-
-
-
4 241
Employee
38 066
-
7 000
-
social contributions
12 836
-
4 352
-
regional
359
-
33
-
municipal
202
-
21
-
national
6 596
-
609
-
total
19 993
-
5 015
-
Employer
38 066
-
7 000
-
total
-
-
-
-
Corporate
-
7 000
-
-
nationa
-
1 680
-
-
municipal
-
273
-
-
total
-
1 953
-
-
Dividends
-
5 047
-
-
withholding
-
1 312
-
-
total
-
1 312
-
-
Income
7 000
7 000
7 000
7 000
Total tax
19 993
3 265
5 015
4 241
After tax
-12 993
3 735
1 985
2 759
Living cost
18 073
18 073
18 073
18 073
Free-cash
-31 066
-14 338
-16 088
-15 314

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
-₴5049
-₴10146
-₴5448
-₴5575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 001
pensions
-
-
-
1 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
497
surtax
-
-
-
-
total
-
-
-
2 996
Employee
14 164
-
5 782
-
other
-
-
-
-
health
362
-
147
-
surtax
46
-
-
-
income
2 374
-
970
-
pensions
944
-
386
-
unemployment
986
-
402
-
total
4 712
-
1 905
-
Employer
14 164
-
5 782
-
other
-
-
-
-
unemployment
449
-
184
-
pensions
1 888
-
771
-
health
645
-
263
-
total
2 982
-
1 218
-
Corporate
-
7 000
-
-
income
-
1 820
-
-
total
-
1 820
-
-
Dividends
-
5 180
-
-
withholding
-
777
-
-
total
-
777
-
-
Income
7 000
7 000
7 000
7 000
Total tax
7 694
2 597
3 123
2 996
After tax
-694
4 403
3 877
4 004
Living cost
9 452
9 452
9 452
9 452
Free-cash
-10 146
-5 049
-5 575
-5 448

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
-₴14392
-₴23723
-₴14149
-₴14236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 372
pensions
-
-
-
140
total
-
-
-
1 512
Employee
27 255
-
6 750
-
health
396
-
-
-
income
4 909
-
1 350
-
pensions
2 313
-
-
-
total
7 618
-
1 350
-
Employer
27 255
-
6 750
-
pensions
2 950
-
121
-
health
518
-
128
-
total
3 468
-
249
-
Corporate
-
7 000
-
-
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.

-
1 330
-
-
total
-
1 330
-
-
Dividends
-
5 670
-
-
withholding
-
425
-
-
total
-
425
-
-
Income
7 000
7 000
7 000
7 000
Total tax
11 086
1 755
1 599
1 512
After tax
-4 086
5 245
5 401
5 488
Living cost
19 637
19 637
19 637
19 637
Free-cash
-23 723
-14 392
-14 236
-14 149

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
-₴29172
-₴34494
-₴26345
-₴27577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
city
-
-
-
72
pensions
-
-
-
644
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.

-
-
-
140
regional
-
-
-
11
health
-
-
-
106
national
-
-
-
-
total
-
-
-
973
Employee
37 884
-
5 804
-
city
407
-
57
-
regional
1 241
-
-
-
health
86
-
13
-
pensions
3 183
-
1 003
-
unemployment
-
-
-
-
national
179
-
-
-
total
5 096
-
1 073
-
Employer
37 884
-
5 804
-
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
-
116
-
unemployment
-
-
-
-
pensions
3 183
-
1 003
-
health
86
-
13
-
total
4 026
-
1 132
-
Corporate
-
7 000
-
-
regional
-
1 481
-
-
national
-
595
-
-
total
-
2 076
-
-
Dividends
-
4 924
-
-
withholding
-
1 724
-
-
total
-
1 724
-
-
Income
7 000
7 000
7 000
7 000
Total tax
9 122
3 800
2 205
973
After tax
-2 122
3 200
4 795
6 027
Living cost
32 372
32 372
32 372
32 372
Free-cash
-34 494
-29 172
-27 577
-26 345

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
-₴16051
-₴18741
-₴15547
-₴15547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
2 926
Employee

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

25 741
-
7 000
-
health

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

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

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
-
-
-
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
-
-
-
total
6 120
-
2 926
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 000
-
-
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.

-
58
-
-
income
-
1 050
-
-
trade
-
1 201
-
-
chamber of commerce
-
75
-
-
total
-
2 384
-
-
Dividends
-
4 617
-
-
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.

-
54
-
-
withholding
-
992
-
-
total
-
1 046
-
-
Income
7 000
7 000
7 000
7 000
Total tax
6 120
3 430
2 926
2 926
After tax
880
3 570
4 074
4 074
Living cost
19 621
19 621
19 621
19 621
Free-cash
-18 741
-16 051
-15 547
-15 547

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
-₴11125
-₴17055
-₴10680
-₴10075
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
-
pensions
-
-
-
2 496
other
-
-
-
217
health
-
-
-
114
surtax
-
-
-
-
social contributions
-
-
-
199
total
-
-
-
3 026
Employee
18 331
-
5 334
-
social contributions
523
-
152
-
surtax
-
-
-
-
income
1 082
-
-
-
pensions
2 073
-
603
-
total
3 678
-
755
-
Employer
18 331
-
5 334
-
other
632
-
184
-
social contributions
55
-
16
-
unemployment
742
-
216
-
pensions
3 011
-
877
-
health
1 283
-
373
-
total
5 723
-
1 666
-
Corporate
-
7 000
-
-
surtax
-
-
-
-
income
-
1 960
-
-
total
-
1 960
-
-
Dividends
-
5 040
-
-
surtax
-
-
-
-
social contributions
-
866
-
-
withholding
-
645
-
-
total
-
1 511
-
-
Income
7 000
7 000
7 000
7 000
Total tax
9 401
3 471
2 421
3 026
After tax
-2 401
3 529
4 579
3 974
Living cost
14 654
14 654
14 654
14 654
Free-cash
-17 055
-11 125
-10 075
-10 680

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
-₴9673
-₴14474
-₴9228
-₴8623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
-
pensions
-
-
-
2 496
other
-
-
-
217
health
-
-
-
114
surtax
-
-
-
-
social contributions
-
-
-
199
total
-
-
-
3 026
Employee
16 363
-
5 334
-
social contributions
467
-
152
-
surtax
-
-
-
-
income
844
-
-
-
pensions
1 851
-
603
-
total
3 162
-
755
-
Employer
16 363
-
5 334
-
other
565
-
184
-
social contributions
49
-
16
-
unemployment
662
-
216
-
pensions
2 689
-
877
-
health
1 145
-
373
-
total
5 110
-
1 666
-
Corporate
-
7 000
-
-
surtax
-
-
-
-
income
-
1 960
-
-
total
-
1 960
-
-
Dividends
-
5 040
-
-
surtax
-
-
-
-
social contributions
-
866
-
-
withholding
-
645
-
-
total
-
1 511
-
-
Income
7 000
7 000
7 000
7 000
Total tax
8 272
3 471
2 421
3 026
After tax
-1 272
3 529
4 579
3 974
Living cost
13 202
13 202
13 202
13 202
Free-cash
-14 474
-9 673
-8 623
-9 228

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
-₴4811
-₴8647
-₴4587
-₴5044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 050
health
-
-
-
489
social contributions
-
-
-
966
total
-
-
-
2 505
Employee
14 522
-
7 000
-
social contributions
2 004
-
966
-
health
1 014
-
489
-
income
2 422
-
1 507
-
total
5 440
-
2 962
-
Employer
14 522
-
7 000
-
total
-
-
-
-
Corporate
-
7 000
-
-
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%.

-
350
-
-
total
-
350
-
-
Dividends
-
6 650
-
-
health
378
464
-
-
social contributions
747
918
-
-
withholding
-
997
-
-
total
1 125
2 379
-
-
Income
7 000
7 000
7 000
7 000
Total tax
6 565
2 729
2 962
2 505
After tax
435
4 271
4 038
4 495
Living cost
9 082
9 082
9 082
9 082
Free-cash
-8 647
-4 811
-5 044
-4 587

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
-₴17846
-₴21055
-₴12663
-₴14010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
chamber of commerce
-
-
-
28
income
-
-
-
-
pensions
-
-
-
1 295
unemployment
-
-
-
2 627
health
-
-
-
536
surtax
-
-
-
85
total
-
-
-
4 571
Employee
21 405
17 069
17 069
-
other
214
171
46
-
health
828
661
180
-
income
2 437
1 259
1 980
-
pensions
2 192
1 748
478
-
unemployment
642
512
140
-
total
6 313
4 351
2 824
-
Employer
21 405
17 069
17 069
-
accident
278
222
61
-
other
1 017
810
706
-
chamber of commerce
85
68
68
-
unemployment
642
512
140
-
surtax
85
85
85
-
pensions
2 686
2 143
586
-
payroll
642
512
512
-
health
809
645
176
-
total
6 244
4 997
2 334
-
Corporate
1 626
1 626
3 041
-
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.

406
406
760
-
total
406
406
760
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
12 963
9 754
5 918
4 571
After tax
-5 963
-2 754
1 082
2 429
Living cost
15 092
15 092
15 092
15 092
Free-cash
-21 055
-17 846
-14 010
-12 663

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
-₴11561
-₴32556
-₴12345
-₴12364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
national
-
-
-
1 186
communal

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

-
-
-
284
social contributions
-
-
-
2 258
total
-
-
-
3 728
Employee

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

30 638
-
5 422
-
communal

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

1 598
-
283
-
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
-
255
-
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
-
406
-
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
-
47
-
national
9 419
-
1 179
-
total
15 021
-
2 170
-
Employer

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

30 638
-
5 422
-
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
-
71
-
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
-
79
-
surtax
3 474
-
614
-
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
-
480
-
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
-
333
-
total
8 918
-
1 577
-
Corporate
-
7 000
-
-
surtax
-
28
-
-
income
-
1 400
-
-
total
-
1 428
-
-
Dividends
-
5 573
-
-
withholding

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

-
1 516
-
-
total
-
1 516
-
-
Income
7 000
7 000
7 000
7 000
Total tax
23 939
2 944
3 747
3 728
After tax
-16 939
4 056
3 253
3 272
Living cost
15 617
15 617
15 617
15 617
Free-cash
-32 556
-11 561
-12 364
-12 345

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
-₴10670
-₴21117
-₴12036
-₴14229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
accident
-
-
-
83
income
-
-
-
805
pensions
-
-
-
2 607
other
-
-
-
9
unemployment
-
-
-
64
total
-
-
-
3 568
Employee
21 321
-
2 440
-
other
21
-
15
-
income
4 499
-
291
-
pensions
1 002
-
672
-
unemployment
331
-
222
-
total
5 853
-
1 200
-
Employer
21 321
-
2 440
-
accident
422
-
283
-
other
170
-
115
-
unemployment
1 173
-
787
-
pensions
5 031
-
3 376
-
total
6 796
-
4 561
-
Corporate
-
7 000
-
-
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.

-
1 050
-
-
total
-
1 050
-
-
Dividends
-
5 950
-
-
withholding
-
1 152
-
-
total
-
1 152
-
-
Income
7 000
7 000
7 000
7 000
Total tax
12 649
2 202
5 761
3 568
After tax
-5 649
4 798
1 239
3 432
Living cost
15 468
15 468
15 468
15 468
Free-cash
-21 117
-10 670
-14 229
-12 036

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
-₴18488
-₴29311
-₴21392
-₴21394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
accident
-
-
-
184
income
-
-
-
-
pensions
-
-
-
3 261
health
-
-
-
1 528
surtax
-
-
-
142
communal
-
-
-
-
total
-
-
-
5 115
Employee
32 436
-
4 564
-
health
1 444
-
907
-
surtax
1 988
-
142
-
income
3 133
-
-
-
pensions
2 594
-
1 631
-
total
9 159
-
2 680
-
Employer
32 436
-
4 564
-
accident
292
-
184
-
pensions
2 594
-
1 631
-
health
989
-
622
-
total
3 875
-
2 437
-
Corporate
-
7 000
-
-
surtax
-
73
-
-
communal
-
-
-
-
income
-
1 050
-
-
total
-
1 123
-
-
Dividends
-
5 877
-
-
income
-
206
-
-
withholding
-
882
-
-
total
-
1 088
-
-
Income
7 000
7 000
7 000
7 000
Total tax
13 034
2 211
5 117
5 115
After tax
-6 034
4 789
1 883
1 885
Living cost
23 277
23 277
23 277
23 277
Free-cash
-29 311
-18 488
-21 394
-21 392

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
-₴5217
-₴10460
-₴5616
-₴5743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 001
pensions
-
-
-
1 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
497
surtax
-
-
-
-
total
-
-
-
2 996
Employee
14 424
-
5 782
-
other
-
-
-
-
health
368
-
147
-
surtax
51
-
-
-
income
2 418
-
970
-
pensions
962
-
386
-
unemployment
1 004
-
402
-
total
4 803
-
1 905
-
Employer
14 424
-
5 782
-
other
-
-
-
-
unemployment
458
-
184
-
pensions
1 923
-
771
-
health
656
-
263
-
total
3 037
-
1 218
-
Corporate
-
7 000
-
-
income
-
1 820
-
-
total
-
1 820
-
-
Dividends
-
5 180
-
-
withholding
-
777
-
-
total
-
777
-
-
Income
7 000
7 000
7 000
7 000
Total tax
7 840
2 597
3 123
2 996
After tax
-840
4 403
3 877
4 004
Living cost
9 620
9 620
9 620
9 620
Free-cash
-10 460
-5 217
-5 743
-5 616

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
-₴7858
-₴16760
-₴8808
-₴9574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
municipal
-
-
-
29
regional
-
-
-
75
national
-
-
-
846
social contributions
-
-
-
3 320
total
-
-
-
4 270
Employee
23 759
-
7 000
-
social contributions
8 012
-
4 352
-
regional
320
-
54
-
municipal
126
-
21
-
national
3 764
-
609
-
total
12 222
-
5 036
-
Employer
23 759
-
7 000
-
total
-
-
-
-
Corporate
-
7 000
-
-
nationa
-
1 680
-
-
municipal
-
348
-
-
total
-
2 028
-
-
Dividends
-
4 972
-
-
withholding
-
1 292
-
-
total
-
1 292
-
-
Income
7 000
7 000
7 000
7 000
Total tax
12 222
3 320
5 036
4 270
After tax
-5 222
3 680
1 964
2 730
Living cost
11 538
11 538
11 538
11 538
Free-cash
-16 760
-7 858
-9 574
-8 808

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
-₴7821
-₴17911
-₴9232
-₴9089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
602
health
-
-
-
945
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 044
total
-
-
-
3 591
Employee
18 590
-
5 224
-
social contributions
1 208
-
340
-
health
2 510
-
705
-
solidarity contribution
-
-
-
-
income
2 231
-
627
-
total
5 949
-
1 672
-
Employer
18 590
-
5 224
-
social contributions
4 648
-
1 306
-
health
1 673
-
470
-
total
6 321
-
1 776
-
Corporate
-
7 000
-
-
income
-
1 330
-
-
total
-
1 330
-
-
Dividends
-
5 670
-
-
withholding
-
850
-
-
total
-
850
-
-
Income
7 000
7 000
7 000
7 000
Total tax
12 270
2 180
3 448
3 591
After tax
-5 270
4 820
3 552
3 409
Living cost
12 641
12 641
12 641
12 641
Free-cash
-17 911
-7 821
-9 089
-9 232

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
-₴16334
-₴17518
-₴11151
-₴12539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
chamber of commerce
-
-
-
28
income
-
-
-
-
pensions
-
-
-
1 295
unemployment
-
-
-
2 627
health
-
-
-
536
surtax
-
-
-
-
total
-
-
-
4 486
Employee
18 723
17 069
17 069
-
other
187
171
47
-
health
724
661
184
-
income
1 668
1 259
1 975
-
pensions
1 917
1 748
485
-
unemployment
562
512
142
-
total
5 058
4 351
2 833
-
Employer
18 723
17 069
17 069
-
accident
243
222
62
-
other
889
810
706
-
chamber of commerce
75
68
68
-
unemployment
562
512
142
-
surtax
-
-
-
-
pensions
2 350
2 143
594
-
payroll
562
512
512
-
health
708
645
179
-
total
5 389
4 912
2 263
-
Corporate
1 626
1 626
3 111
-
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.

406
406
778
-
total
406
406
778
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
10 853
9 669
5 874
4 486
After tax
-3 853
-2 669
1 126
2 514
Living cost
13 665
13 665
13 665
13 665
Free-cash
-17 518
-16 334
-12 539
-11 151

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
₴645
-₴506
₴925
-₴405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
7 000
microenterprise

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

-
-
-
70
total
-
-
-
70
Employee
7 506
-
7 000
-
income
1 501
-
1 400
-
total
1 501
-
1 400
-
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%.

-
7 000
-
-
total
-
-
-
-
Dividends
-
7 000
-
-
withholding
-
350
-
-
total
-
350
-
-
Income
7 000
7 000
7 000
7 000
Total tax
1 501
350
1 400
70
After tax
5 499
6 650
5 600
6 930
Living cost
6 005
6 005
6 005
6 005
Free-cash
-506
645
-405
925

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
-₴6668
-₴14888
-₴7270
-₴7523
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
income
-
-
-
803
pensions
-
-
-
1 279
unemployment
-
-
-
11
health
-
-
-
689
total
-
-
-
2 782
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
-
6 057
-
health
1 223
-
391
-
income
3 266
-
755
-
pensions
2 936
-
939
-
unemployment
27
-
8
-
total
7 452
-
2 093
-
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
-
6 057
-
unemployment
11
-
3
-
pensions
1 676
-
536
-
health
1 261
-
403
-
total
2 948
-
942
-
Corporate
-
7 000
-
-
income
-
1 330
-
-
total
-
1 330
-
-
Dividends
-
5 670
-
-
withholding
-
850
-
-
total
-
850
-
-
Income
7 000
7 000
7 000
7 000
Total tax
10 400
2 180
3 035
2 782
After tax
-3 400
4 820
3 965
4 218
Living cost
11 488
11 488
11 488
11 488
Free-cash
-14 888
-6 668
-7 523
-7 270

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
-₴14239
-₴56922
-₴13660
-₴17437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 364
social contributions
-
-
-
798
total
-
-
-
2 162
Employee
26 523
-
1 670
-
social contributions
2 175
-
310
-
income
5 851
-
299
-
total
8 026
-
609
-
Employer
26 523
-
1 670
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
-
7 000
-
-
income
-
1 540
-
-
total
-
1 540
-
-
Dividends
-
5 460
-
-
income
-
1 201
-
-
total
-
1 201
-
-
Income
7 000
7 000
7 000
7 000
Total tax
45 424
2 741
5 939
2 162
After tax
-38 424
4 259
1 061
4 838
Living cost
18 498
18 498
18 498
18 498
Free-cash
-56 922
-14 239
-17 437
-13 660

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
-₴9453
-₴17379
-₴9277
-₴9131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
income
-
-
-
409
surtax
-
-
-
-
social contributions

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

-
-
-
2 433
total
-
-
-
2 842
Employee
19 699
-
5 656
-
social contributions
2 167
-
622
-
surtax
-
-
-
-
income
4 098
-
730
-
total
6 265
-
1 352
-
Employer
19 699
-
5 656
-
social contributions
4 679
-
1 344
-
total
4 679
-
1 344
-
Corporate
-
7 000
-
-
surtax
-
-
-
-
income
-
1 470
-
-
total
-
1 470
-
-
Dividends
-
5 530
-
-
withholding
-
1 548
-
-
total
-
1 548
-
-
Income
7 000
7 000
7 000
7 000
Total tax
10 944
3 018
2 696
2 842
After tax
-3 944
3 982
4 304
4 158
Living cost
13 435
13 435
13 435
13 435
Free-cash
-17 379
-9 453
-9 131
-9 277

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
-₴17158
-₴28205
-₴16713
-₴16108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
-
pensions
-
-
-
2 496
other
-
-
-
217
health
-
-
-
114
surtax
-
-
-
-
social contributions
-
-
-
199
total
-
-
-
3 026
Employee
26 826
-
5 334
-
social contributions
764
-
152
-
surtax
-
-
-
-
income
2 341
-
-
-
pensions
3 034
-
603
-
total
6 139
-
755
-
Employer
26 826
-
5 334
-
other
926
-
184
-
social contributions
80
-
16
-
unemployment
1 087
-
216
-
pensions
4 408
-
877
-
health
1 878
-
373
-
total
8 379
-
1 666
-
Corporate
-
7 000
-
-
surtax
-
-
-
-
income
-
1 960
-
-
total
-
1 960
-
-
Dividends
-
5 040
-
-
surtax
-
-
-
-
social contributions
-
866
-
-
withholding
-
645
-
-
total
-
1 511
-
-
Income
7 000
7 000
7 000
7 000
Total tax
14 518
3 471
2 421
3 026
After tax
-7 518
3 529
4 579
3 974
Living cost
20 687
20 687
20 687
20 687
Free-cash
-28 205
-17 158
-16 108
-16 713

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
-₴6575
-₴8904
-₴7414
-₴7209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
-
social contributions
-
-
-
1 539
total
-
-
-
1 539
Employee
13 770
-
6 060
-
income
-
-
-
-
social contributions
895
-
394
-
total
895
-
394
-
Employer
13 770
-
6 060
-
social contributions
2 134
-
940
-
total
2 134
-
940
-
Corporate
-
7 000
-
-
income
-
700
-
-
total
-
700
-
-
Dividends
-
6 300
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
3 029
700
1 334
1 539
After tax
3 971
6 300
5 666
5 461
Living cost
12 875
12 875
12 875
12 875
Free-cash
-8 904
-6 575
-7 209
-7 414

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
-₴86362
-₴86362
-₴14959
-₴86362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
municipal
-
-
-
225
pensions
-
-
-
371
national
-
-
-
196
labour market
-
-
-
530
total
-
-
-
1 322
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
7 000
7 000
7 000
7 000
Total tax
72 725
72 725
72 725
1 322
After tax
-65 725
-65 725
-65 725
5 678
Living cost
20 637
20 637
20 637
20 637
Free-cash
-86 362
-86 362
-86 362
-14 959

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
-₴8663
-₴10479
-₴5913
-₴5534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
accident
-
-
-
108
income
-
-
-
716
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
3 683
Employee
14 519
-
5 815
-
health
1 663
-
666
-
income
1 992
-
798
-
pensions
1 635
-
655
-
total
5 290
-
2 119
-
Employer
14 519
-
5 815
-
accident
242
-
97
-
unemployment
356
-
142
-
pensions
2 361
-
946
-
total
2 959
-
1 185
-
Corporate
-
7 000
-
-
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.

-
6 300
-
-
total
-
6 300
-
-
Dividends
-
700
-
-
withholding
-
133
-
-
total
-
133
-
-
Income
7 000
7 000
7 000
7 000
Total tax
8 249
6 433
3 304
3 683
After tax
-1 249
567
3 696
3 317
Living cost
9 230
9 230
9 230
9 230
Free-cash
-10 479
-8 663
-5 534
-5 913

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
-₴11600
-₴19786
-₴10704
-₴12014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
7 000
municipal
-
-
-
1 260
health
-
-
-
-
national
-
-
-
-
total
-
-
-
1 260
Employee
22 535
-
5 889
-
health
168
-
-
-
municipal
3 691
-
972
-
pensions
1 521
-
397
-
unemployment
338
-
89
-
national
372
-
-
-
total
6 090
-
1 458
-
Employer
22 535
-
5 889
-
accident
23
-
6
-
unemployment
146
-
38
-
pensions
3 910
-
1 022
-
health
173
-
46
-
total
4 252
-
1 112
-
Corporate
-
7 000
-
-
income
-
1 400
-
-
total
-
1 400
-
-
Dividends

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

-
4 200
-
-
national
-
-
-
-
municipal
-
756
-
-
total
-
756
-
-
Income
7 000
7 000
7 000
7 000
Total tax
10 342
2 156
2 570
1 260
After tax
-3 342
4 844
4 430
5 740
Living cost
16 444
16 444
16 444
16 444
Free-cash
-19 786
-11 600
-12 014
-10 704

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
-₴12602
-₴9525
-₴5872
-₴8859
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 283
income
-
-
-
-
health
-
-
-
415
social contributions
-
-
-
2 540
total
-
-
-
2 955
Employee
32 936
32 936
32 936
-
social contributions
1 245
2 733
922
-
health
255
560
189
-
income
3 586
3 049
3 703
-
total
5 086
6 342
4 814
-
Employer
32 936
32 936
32 936
-
social contributions
1 245
2 733
922
-
health
277
610
206
-
total
1 522
3 343
1 128
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 000
7 000
7 000
7 000
Total tax
6 608
9 685
5 942
2 955
After tax
392
-2 685
1 058
4 045
Living cost
9 917
9 917
9 917
9 917
Free-cash
-9 525
-12 602
-8 859
-5 872

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
-₴1003
-₴3844
-₴4331
-₴2758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 000
income
-
-
-
244
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
4 531
Employee

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

9 831
-
6 231
-
health
836
-
634
-
income
672
-
400
-
pensions
1 474
-
1 119
-
unemployment
49
-
37
-
total
3 031
-
2 190
-
Employer

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

9 831
-
6 231
-
unemployment
49
-
37
-
pensions
541
-
410
-
health
423
-
321
-
total
1 013
-
768
-
Corporate
-
7 000
-
-
income
-
630
-
-
total
-
630
-
-
Dividends
-
6 370
-
-
withholding
-
573
-
-
total
-
573
-
-
Income
7 000
7 000
7 000
7 000
Total tax
4 044
1 203
2 958
4 531
After tax
2 956
5 797
4 042
2 469
Living cost
6 800
6 800
6 800
6 800
Free-cash
-3 844
-1 003
-2 758
-4 331

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
-₴6980
-₴13885
-₴8346
-₴10539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
accident
-
-
-
83
income
-
-
-
805
pensions
-
-
-
2 607
other
-
-
-
9
unemployment
-
-
-
64
total
-
-
-
3 568
Employee
15 837
-
2 440
-
other
15
-
15
-
income
3 053
-
291
-
pensions
745
-
672
-
unemployment
245
-
222
-
total
4 058
-
1 200
-
Employer
15 837
-
2 440
-
accident
314
-
283
-
other
127
-
115
-
unemployment
871
-
787
-
pensions
3 737
-
3 376
-
total
5 049
-
4 561
-
Corporate
-
7 000
-
-
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.

-
1 050
-
-
total
-
1 050
-
-
Dividends
-
5 950
-
-
withholding
-
1 152
-
-
total
-
1 152
-
-
Income
7 000
7 000
7 000
7 000
Total tax
9 107
2 202
5 761
3 568
After tax
-2 107
4 798
1 239
3 432
Living cost
11 778
11 778
11 778
11 778
Free-cash
-13 885
-6 980
-10 539
-8 346

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
₴3198
₴3005
₴2693
₴2611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 665
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
3 137
Employee
1 782
-
6 040
-
health
89
-
213
-
income
345
-
1 620
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
2 260
-
Employer
1 782
-
6 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
4 817
7 000
-
-
income
1 060
1 540
-
-
total
1 060
1 540
-
-
Dividends
3 758
5 460
-
-
withholding
752
1 092
-
-
total
752
1 092
-
-
Income
7 000
7 000
7 000
7 000
Total tax
2 825
2 632
3 219
3 137
After tax
4 175
4 368
3 781
3 863
Living cost
1 170
1 170
1 170
1 170
Free-cash
3 005
3 198
2 611
2 693

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
-₴2350
-₴6170
-₴3445
-₴3145
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
income
-
-
-
391
pensions
-
-
-
1 820
unemployment
-
-
-
105
health
-
-
-
721
total
-
-
-
3 037
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
-
5 937
-
health
575
-
306
-
income
1 540
-
492
-
pensions
1 564
-
831
-
unemployment
84
-
45
-
total
3 763
-
1 674
-
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
-
5 937
-
unemployment
84
-
45
-
pensions
1 340
-
712
-
health
575
-
306
-
total
1 999
-
1 063
-
Corporate
-
7 000
-
-
income
-
1 050
-
-
total
-
1 050
-
-
Dividends
-
5 950
-
-
withholding
-
892
-
-
total
-
892
-
-
Income
7 000
7 000
7 000
7 000
Total tax
5 762
1 942
2 737
3 037
After tax
1 238
5 058
4 263
3 963
Living cost
7 408
7 408
7 408
7 408
Free-cash
-6 170
-2 350
-3 145
-3 445

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
-₴7565
-₴13572
-₴7389
-₴7243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
income
-
-
-
409
surtax
-
-
-
-
social contributions

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

-
-
-
2 433
total
-
-
-
2 842
Employee
16 624
-
5 656
-
social contributions
1 829
-
622
-
surtax
-
-
-
-
income
3 248
-
730
-
total
5 077
-
1 352
-
Employer
16 624
-
5 656
-
social contributions
3 948
-
1 344
-
total
3 948
-
1 344
-
Corporate
-
7 000
-
-
surtax
-
-
-
-
income
-
1 470
-
-
total
-
1 470
-
-
Dividends
-
5 530
-
-
withholding
-
1 548
-
-
total
-
1 548
-
-
Income
7 000
7 000
7 000
7 000
Total tax
9 025
3 018
2 696
2 842
After tax
-2 025
3 982
4 304
4 158
Living cost
11 547
11 547
11 547
11 547
Free-cash
-13 572
-7 565
-7 243
-7 389

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
-₴10255
-₴20282
-₴11621
-₴13814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
accident
-
-
-
83
income
-
-
-
805
pensions
-
-
-
2 607
other
-
-
-
9
unemployment
-
-
-
64
total
-
-
-
3 568
Employee
20 686
-
2 440
-
other
20
-
15
-
income
4 321
-
291
-
pensions
972
-
672
-
unemployment
320
-
222
-
total
5 633
-
1 200
-
Employer
20 686
-
2 440
-
accident
410
-
283
-
other
166
-
115
-
unemployment
1 138
-
787
-
pensions
4 882
-
3 376
-
total
6 596
-
4 561
-
Corporate
-
7 000
-
-
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.

-
1 050
-
-
total
-
1 050
-
-
Dividends
-
5 950
-
-
withholding
-
1 152
-
-
total
-
1 152
-
-
Income
7 000
7 000
7 000
7 000
Total tax
12 229
2 202
5 761
3 568
After tax
-5 229
4 798
1 239
3 432
Living cost
15 053
15 053
15 053
15 053
Free-cash
-20 282
-10 255
-13 814
-11 621

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
-₴1387
-₴4677
-₴3291
-₴2952
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 050
pensions

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

-
-
-
1 036
unemployment
-
-
-
28
health
-
-
-
805
total
-
-
-
2 919
Employee
9 762
-
5 852
-
health
449
-
269
-
accident

We are using the highest rate at 1.1%.

107
-
64
-
income
976
-
585
-
pensions

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

857
-
514
-
total
2 389
-
1 432
-
Employer
9 762
-
5 852
-
accident

We are using the highest rate at 1.1%.

107
-
64
-
unemployment
59
-
35
-
pensions

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

1 076
-
645
-
health
674
-
404
-
total
1 916
-
1 148
-
Corporate
-
7 000
-
-
income
-
700
-
-
total
-
700
-
-
Dividends
-
6 300
-
-
withholding
-
315
-
-
total
-
315
-
-
Income
7 000
7 000
7 000
7 000
Total tax
4 305
1 015
2 580
2 919
After tax
2 695
5 985
4 420
4 081
Living cost
7 372
7 372
7 372
7 372
Free-cash
-4 677
-1 387
-2 952
-3 291

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
-₴12822
-₴14311
-₴12462
-₴12462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
trade
-
-
-
-
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.

-
-
-
-
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.

-
-
-
-
total
-
-
-
2 926
Employee

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

21 311
-
7 000
-
health

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

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

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
-
-
-
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
-
-
-
total
4 775
-
2 926
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 000
-
-
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.

-
58
-
-
income
-
1 050
-
-
trade
-
1 005
-
-
chamber of commerce
-
76
-
-
total
-
2 189
-
-
Dividends
-
4 812
-
-
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.

-
57
-
-
withholding
-
1 040
-
-
total
-
1 097
-
-
Income
7 000
7 000
7 000
7 000
Total tax
4 775
3 286
2 926
2 926
After tax
2 225
3 714
4 074
4 074
Living cost
16 536
16 536
16 536
16 536
Free-cash
-14 311
-12 822
-12 462
-12 462

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
-₴19499
-₴26504
-₴17575
-₴17575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
59
social contributions
-
-
-
117
total
-
-
-
176
Employee
33 504
-
7 000
-
income
6 322
-
59
-
social contributions
2 783
-
117
-
total
9 105
-
176
-
Employer
33 504
-
7 000
-
total
-
-
-
-
Corporate
-
7 000
-
-
income
-
875
-
-
total
-
875
-
-
Dividends
-
6 125
-
-
withholding
-
1 225
-
-
total
-
1 225
-
-
Income
7 000
7 000
7 000
7 000
Total tax
9 105
2 100
176
176
After tax
-2 105
4 900
6 824
6 824
Living cost
24 399
24 399
24 399
24 399
Free-cash
-26 504
-19 499
-17 575
-17 575

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
-₴12277
-₴15897
-₴23601
-₴10038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
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
-
6 255
-
income
2 132
-
-
-
social contributions
1 969
-
745
-
total
4 101
-
745
-
Employer
19 649
-
6 255
-
social contributions
1 969
-
745
-
total
1 969
-
745
-
Corporate
-
7 000
-
-
income
-
2 450
-
-
total
-
2 450
-
-
Dividends
-
4 550
-
-
social contributions
1 279
1 279
-
-
total
1 279
1 279
-
-
Income
7 000
7 000
7 000
7 000
Total tax
7 349
3 729
1 490
15 053
After tax
-349
3 271
5 510
-8 053
Living cost
15 548
15 548
15 548
15 548
Free-cash
-15 897
-12 277
-10 038
-23 601

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
-₴10720
-₴17545
-₴10477
-₴10564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
income
-
-
-
1 372
pensions
-
-
-
140
total
-
-
-
1 512
Employee
21 914
-
6 750
-
health
286
-
-
-
income
3 991
-
1 350
-
pensions
1 673
-
-
-
total
5 950
-
1 350
-
Employer
21 914
-
6 750
-
pensions
2 214
-
121
-
health
416
-
128
-
total
2 630
-
249
-
Corporate
-
7 000
-
-
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.

-
1 330
-
-
total
-
1 330
-
-
Dividends
-
5 670
-
-
withholding
-
425
-
-
total
-
425
-
-
Income
7 000
7 000
7 000
7 000
Total tax
8 580
1 755
1 599
1 512
After tax
-1 580
5 245
5 401
5 488
Living cost
15 965
15 965
15 965
15 965
Free-cash
-17 545
-10 720
-10 564
-10 477

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
-₴9576
-₴12207
-₴6826
-₴6447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
accident
-
-
-
108
income
-
-
-
716
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
3 683
Employee
15 956
-
5 815
-
health
1 827
-
666
-
income
2 189
-
798
-
pensions
1 797
-
655
-
total
5 813
-
2 119
-
Employer
15 956
-
5 815
-
accident
266
-
97
-
unemployment
391
-
142
-
pensions
2 594
-
946
-
total
3 251
-
1 185
-
Corporate
-
7 000
-
-
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.

-
6 300
-
-
total
-
6 300
-
-
Dividends
-
700
-
-
withholding
-
133
-
-
total
-
133
-
-
Income
7 000
7 000
7 000
7 000
Total tax
9 064
6 433
3 304
3 683
After tax
-2 064
567
3 696
3 317
Living cost
10 143
10 143
10 143
10 143
Free-cash
-12 207
-9 576
-6 447
-6 826

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

Close
Skopje , Macedonia
₴165
-₴2256
-₴1410
-₴1410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 000
work injury
-
-
-
35
health insurance
-
-
-
518
income
-
-
-
700
pensions
-
-
-
1 288
unemployment
-
-
-
84
total
-
-
-
2 625
Employee

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

9 257
-
7 000
-
work injury
46
-
35
-
income
926
-
700
-
pensions
1 703
-
1 288
-
health insurance
685
-
518
-
unemployment
111
-
84
-
total
3 471
-
2 625
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 000
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
-
7 000
-
-
withholding
-
1 050
-
-
total
-
1 050
-
-
Income
7 000
7 000
7 000
7 000
Total tax
3 471
1 050
2 625
2 625
After tax
3 529
5 950
4 375
4 375
Living cost
5 785
5 785
5 785
5 785
Free-cash
-2 256
165
-1 410
-1 410

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
-₴13376
-₴29092
-₴14325
-₴15094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 000
municipal
-
-
-
33
regional
-
-
-
63
national
-
-
-
846
social contributions
-
-
-
3 320
total
-
-
-
4 262
Employee
36 093
-
7 000
-
social contributions
12 170
-
4 352
-
regional
545
-
46
-
municipal
215
-
24
-
national
6 099
-
609
-
total
19 029
-
5 031
-
Employer
36 093
-
7 000
-
total
-
-
-
-
Corporate
-
7 000
-
-
nationa
-
1 680
-
-
municipal
-
337
-
-
total
-
2 017
-
-
Dividends
-
4 983
-
-
withholding
-
1 296
-
-
total
-
1 296
-
-
Income
7 000
7 000
7 000
7 000
Total tax
19 029
3 313
5 031
4 262
After tax
-12 029
3 687
1 969
2 738
Living cost
17 063
17 063
17 063
17 063
Free-cash
-29 092
-13 376
-15 094
-14 325

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.
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