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
₴ 70500
per

Your estimated
City
free-cash

Dresden , Germany
₴22666
₴27377
₴24245
₴32230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
trade
-
-
-
7 985
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.

-
-
-
21 292
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.

-
-
-
2 909
surtax

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

-
-
-
1 171
total
-
-
-
33 357
Employee

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

16 287
-
70 500
-
health

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

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

2 909
-
2 909
-
surtax

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

25
-
1 171
-
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.

455
-
21 292
-
total
3 389
-
25 372
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 213
70 500
-
-
surtax

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

448
582
-
-
income
8 132
10 575
-
-
trade
8 539
11 104
-
-
chamber of commerce
142
166
-
-
total
17 261
22 427
-
-
Dividends
36 952
48 074
-
-
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.

499
652
-
-
withholding
9 076
11 857
-
-
total
9 575
12 509
-
-
Income
70 500
70 500
70 500
70 500
Total tax
30 225
34 936
25 372
33 357
After tax
40 275
35 564
45 128
37 143
Living cost
12 898
12 898
12 898
12 898
Free-cash
27 377
22 666
32 230
24 245

Estimated living cost  is ₴12898 per week

₴8113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22537
₴22180
₴20209
₴20763
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
municipal
-
-
-
7 695
pensions
-
-
-
8 460
national
-
-
-
11 923
social contributions
-
-
-
758
total
-
-
-
28 836
Employee
33 259
-
60 947
-
municipal
4 108
-
7 967
-
pensions
1 330
-
2 438
-
national
6 366
-
12 346
-
total
11 804
-
22 751
-
Employer
33 259
-
60 947
-
social contributions
358
-
655
-
pensions
2 661
-
4 876
-
total
3 019
-
5 531
-
Corporate
32 027
70 500
-
-
income

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

6 405
14 100
-
-
total
6 405
14 100
-
-
Dividends
25 622
56 400
-
-
withholding
5 637
12 408
-
-
total
5 637
12 408
-
-
Income
70 500
70 500
70 500
70 500
Total tax
26 865
26 508
28 282
28 836
After tax
43 635
43 992
42 218
41 664
Living cost
21 455
21 455
21 455
21 455
Free-cash
22 180
22 537
20 763
20 209

Estimated living cost  is ₴21455 per week

₴14583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47541
₴44048
₴15082
₴20140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
microenterprise
-
-
-
-
income
-
-
-
12 266
surtax
-
-
-
17 978
social contributions

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

-
-
-
16 315
total
-
-
-
46 559
Employee
12 443
-
52 500
-
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.

1 369
-
5 582
-
surtax
-
-
7 613
-
income
2 215
-
10 306
-
total
3 584
-
23 501
-
Employer
12 443
-
52 500
-
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.

2 997
-
12 225
-
surtax
-
-
5 775
-
total
2 997
-
18 000
-
Corporate
55 060
70 500
-
-
income

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

11 012
14 100
-
-
total
11 012
14 100
-
-
Dividends

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

44 048
56 400
-
-
total
-
-
-
-
Income
70 500
70 500
70 500
70 500
Total tax
17 593
14 100
41 501
46 559
After tax
52 907
56 400
28 999
23 941
Living cost
8 859
8 859
8 859
8 859
Free-cash
44 048
47 541
20 140
15 082

Estimated living cost  is ₴8859 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
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.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16999
₴14389
₴21397
₴25719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
21 025
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
31 265
Employee
36 363
36 363
62 587
-
health
5 581
4 747
5 251
-
income

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

5 952
5 952
8 789
-
pensions
6 545
4 989
4 989
-
total
18 078
15 688
19 029
-
Employer
36 363
36 363
62 587
-
unemployment
1 309
1 309
1 627
-
pensions
2 531
2 531
3 146
-
health
2 528
2 528
3 141
-
total
6 368
6 368
7 914
-
Corporate
28 216
27 770
-
-
income
5 644
5 554
-
-
total
5 644
5 554
-
-
Dividends
22 572
22 216
-
-
income
4 797
4 721
-
-
withholding
3 386
3 332
-
-
total
8 183
8 053
-
-
Income
70 500
70 500
70 500
70 500
Total tax
38 273
35 663
26 943
31 265
After tax
32 227
34 837
43 557
39 235
Living cost
17 838
17 838
17 838
17 838
Free-cash
14 389
16 999
25 719
21 397

Estimated living cost  is ₴17838 per week

₴12641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
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.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22082
₴21714
₴19911
₴19512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
municipal
-
-
-
17 916
accident
-
-
-
72
pensions
-
-
-
3 888
other
-
-
-
4 179
unemployment
-
-
-
36
health
-
-
-
2 244
national
-
-
-
5 843
total
-
-
-
34 178
Employee
23 384
-
59 199
-
municipal
6 973
-
17 653
-
national
-
-
5 623
-
total
6 973
-
23 276
-
Employer
23 384
-
59 199
-
accident
47
-
72
-
other
2 717
-
4 179
-
unemployment
617
-
950
-
pensions
2 528
-
3 888
-
health
1 438
-
2 212
-
total
7 347
-
11 301
-
Corporate
39 769
70 500
-
-
income
8 749
15 510
-
-
total
8 749
15 510
-
-
Dividends
31 020
54 990
-
-
withholding
9 306
16 497
-
-
total
9 306
16 497
-
-
Income
70 500
70 500
70 500
70 500
Total tax
32 375
32 007
34 577
34 178
After tax
38 125
38 493
35 923
36 322
Living cost
16 411
16 411
16 411
16 411
Free-cash
21 714
22 082
19 512
19 911

Estimated living cost  is ₴16411 per week

₴10876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18474
₴24459
₴20059
₴28400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
trade
-
-
-
8 341
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.

-
-
-
21 292
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.

-
-
-
2 909
surtax

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

-
-
-
1 171
total
-
-
-
33 713
Employee

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

21 594
-
70 500
-
health

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

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

2 909
-
2 909
-
surtax

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

102
-
1 171
-
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.

1 855
-
21 292
-
total
4 866
-
25 372
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 906
70 500
-
-
surtax

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

403
582
-
-
income
7 336
10 575
-
-
trade
8 045
11 597
-
-
chamber of commerce
134
165
-
-
total
15 918
22 919
-
-
Dividends
32 988
47 581
-
-
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.

444
646
-
-
withholding
8 085
11 733
-
-
total
8 529
12 379
-
-
Income
70 500
70 500
70 500
70 500
Total tax
29 313
35 298
25 372
33 713
After tax
41 187
35 202
45 128
36 787
Living cost
16 728
16 728
16 728
16 728
Free-cash
24 459
18 474
28 400
20 059

Estimated living cost  is ₴16728 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
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.
₴3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37632
₴35868
₴34601
₴33969
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
13 400
health
-
-
-
1 798
social contributions
-
-
-
6 890
total
-
-
-
22 088
Employee
32 743
32 743
65 621
-
social contributions
1 591
2 718
3 665
-
health
326
557
1 116
-
income
3 438
3 031
13 060
-
total
5 355
6 306
17 841
-
Employer
32 743
32 743
65 621
-
social contributions
1 591
2 718
3 665
-
health
355
606
1 214
-
total
1 946
3 324
4 879
-
Corporate
49 388
34 433
-
-
income
6 174
4 305
-
-
total
6 174
4 305
-
-
Dividends
43 214
30 129
-
-
withholding
7 346
5 122
-
-
total
7 346
5 122
-
-
Income
70 500
70 500
70 500
70 500
Total tax
20 821
19 057
22 720
22 088
After tax
49 679
51 443
47 780
48 412
Living cost
13 811
13 811
13 811
13 811
Free-cash
35 868
37 632
33 969
34 601

Estimated living cost  is ₴13811 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31858
₴32021
₴41084
₴33115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
8 619
pensions
-
-
-
7 050
unemployment
-
-
-
1 058
health
-
-
-
4 935
total
-
-
-
21 662
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.

11 192
4 454
58 996
-
health
783
312
4 130
-
income
1 368
545
7 212
-
pensions
1 119
445
5 900
-
unemployment
168
67
885
-
total
3 438
1 369
18 127
-
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.

11 192
4 454
58 996
-
pensions
2 183
869
11 504
-
total
2 183
869
11 504
-
Corporate
57 125
65 177
-
-
income
5 141
5 866
-
-
total
5 141
5 866
-
-
Dividends
51 984
59 311
-
-
social contributions
10 086
11 515
-
-
withholding
9 877
11 269
-
-
total
19 963
22 784
-
-
Income
70 500
70 500
70 500
70 500
Total tax
30 725
30 888
29 631
21 662
After tax
39 775
39 612
40 869
48 838
Living cost
7 754
7 754
7 754
7 754
Free-cash
32 021
31 858
33 115
41 084

Estimated living cost  is ₴7754 per week

₴5291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
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.
₴1673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46115
₴43469
₴27503
₴30349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
9 447
pensions
-
-
-
14 100
health
-
-
-
9 165
total
-
-
-
32 712
Employee
12 080
-
52 690
-
income
1 360
-
10 159
-
pensions
242
-
1 054
-
unemployment
193
-
843
-
total
1 795
-
12 056
-
Employer
12 080
-
52 690
-
unemployment
97
-
422
-
pensions
2 416
-
10 538
-
health
1 570
-
6 850
-
total
4 083
-
17 810
-
Corporate
54 337
70 500
-
-
income
10 868
14 100
-
-
total
10 868
14 100
-
-
Dividends
43 469
56 400
-
-
total
-
-
-
-
Income
70 500
70 500
70 500
70 500
Total tax
16 746
14 100
29 866
32 712
After tax
53 754
56 400
40 634
37 788
Living cost
10 285
10 285
10 285
10 285
Free-cash
43 469
46 115
30 349
27 503

Estimated living cost  is ₴10285 per week

₴7054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3565
₴4287
₴38932
₴28886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
accident
-
-
-
106
income
-
-
-
19 356
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
22 292
Employee
14 592
-
63 249
-
health
1 671
-
7 242
-
income
2 002
-
14 628
-
pensions
1 643
-
3 217
-
total
5 316
-
25 087
-
Employer
14 592
-
63 249
-
accident
244
-
1 056
-
unemployment
357
-
1 550
-
pensions
2 373
-
4 645
-
total
2 974
-
7 251
-
Corporate
52 934
70 500
-
-
income

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

47 641
63 450
-
-
total
47 641
63 450
-
-
Dividends
5 293
7 050
-
-
withholding
1 006
1 339
-
-
total
1 006
1 339
-
-
Income
70 500
70 500
70 500
70 500
Total tax
56 937
64 789
32 338
22 292
After tax
13 563
5 711
38 162
48 208
Living cost
9 276
9 276
9 276
9 276
Free-cash
4 287
-3 565
28 886
38 932

Estimated living cost  is ₴9276 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63088
₴62359
₴65908
₴52513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
70 500
microenterprise

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

-
-
-
705
total
-
-
-
705
Employee
4 858
-
70 500
-
income
972
-
14 100
-
total
972
-
14 100
-
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%.

65 642
70 500
-
-
total
-
-
-
-
Dividends
65 642
70 500
-
-
withholding
3 282
3 525
-
-
total
3 282
3 525
-
-
Income
70 500
70 500
70 500
70 500
Total tax
4 254
3 525
14 100
705
After tax
66 246
66 975
56 400
69 795
Living cost
3 887
3 887
3 887
3 887
Free-cash
62 359
63 088
52 513
65 908

Estimated living cost  is ₴3887 per week

₴2409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40450
₴37574
₴27232
₴28717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
10 457
pensions

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

-
-
-
15 541
other
-
-
-
3 075
health
-
-
-
2 849
total
-
-
-
31 922
Employee
15 461
-
56 310
-
health
217
-
789
-
income
2 662
-
10 953
-
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.

1 082
-
3 942
-
unemployment
154
-
563
-
total
4 115
-
16 247
-
Employer
15 461
-
56 310
-
accident
124
-
450
-
other
773
-
2 815
-
unemployment
154
-
563
-
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.

2 629
-
9 573
-
health
217
-
789
-
total
3 897
-
14 190
-
Corporate
51 143
70 500
-
-
income
10 740
14 805
-
-
total
10 740
14 805
-
-
Dividends
40 403
55 695
-
-
withholding
2 828
3 899
-
-
total
2 828
3 899
-
-
Income
70 500
70 500
70 500
70 500
Total tax
21 580
18 704
30 437
31 922
After tax
48 920
51 796
40 063
38 578
Living cost
11 346
11 346
11 346
11 346
Free-cash
37 574
40 450
28 717
27 232

Estimated living cost  is ₴11346 per week

₴8017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17971
₴18184
₴18404
₴11993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
19 597
pensions
-
-
-
3 762
total
-
-
-
23 359
Employee
40 659
-
61 634
-
health
670
-
913
-
income
7 329
-
15 325
-
pensions
3 923
-
4 666
-
total
11 922
-
20 904
-
Employer
40 659
-
61 634
-
pensions
4 801
-
7 695
-
health
772
-
1 171
-
total
5 573
-
8 866
-
Corporate
24 268
70 500
-
-
income

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

4 610
13 395
-
-
total
4 610
13 395
-
-
Dividends
19 657
57 105
-
-
withholding
1 474
10 397
-
-
total
1 474
10 397
-
-
Income
70 500
70 500
70 500
70 500
Total tax
23 579
23 792
29 770
23 359
After tax
46 921
46 708
40 730
47 141
Living cost
28 737
28 737
28 737
28 737
Free-cash
18 184
17 971
11 993
18 404

Estimated living cost  is ₴28737 per week

₴21534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3376
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.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴54691
₴52712
₴50363
₴53079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
10 575
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
14 550
Employee
7 398
-
67 580
-
health
340
-
685
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
income
740
-
6 758
-
pensions

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

650
-
1 307
-
total
1 811
-
8 914
-
Employer
7 398
-
67 580
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
pensions

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

815
-
1 640
-
health
511
-
1 027
-
total
1 451
-
2 920
-
Corporate
61 651
70 500
-
-
income
6 165
7 050
-
-
total
6 165
7 050
-
-
Dividends
55 486
63 450
-
-
withholding
2 774
3 172
-
-
total
2 774
3 172
-
-
Income
70 500
70 500
70 500
70 500
Total tax
12 201
10 222
11 834
14 550
After tax
58 299
60 278
58 666
55 950
Living cost
5 587
5 587
5 587
5 587
Free-cash
52 712
54 691
53 079
50 363

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11225
₴12298
₴15623
₴19945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
21 025
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
31 265
Employee
39 478
36 363
62 587
-
health
4 925
4 747
5 251
-
income

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

5 952
5 952
8 789
-
pensions
4 989
4 989
4 989
-
total
15 866
15 688
19 029
-
Employer
39 478
36 363
62 587
-
unemployment
1 421
1 309
1 627
-
pensions
2 747
2 531
3 146
-
health
2 743
2 528
3 141
-
total
6 911
6 368
7 914
-
Corporate
24 109
27 770
-
-
income
4 822
5 554
-
-
total
4 822
5 554
-
-
Dividends
19 288
22 216
-
-
income
4 098
4 721
-
-
withholding
2 893
3 332
-
-
total
6 991
8 053
-
-
Income
70 500
70 500
70 500
70 500
Total tax
34 590
35 663
26 943
31 265
After tax
35 910
34 837
43 557
39 235
Living cost
23 612
23 612
23 612
23 612
Free-cash
12 298
11 225
19 945
15 623

Estimated living cost  is ₴23612 per week

₴17418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38330
₴34687
₴29139
₴26083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
6 944
health
-
-
-
9 518
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
31 152
Employee
15 013
-
53 140
-
social contributions
976
-
3 270
-
health
2 027
-
7 174
-
solidarity contribution
-
-
-
-
income
1 802
-
6 404
-
total
4 805
-
16 848
-
Employer
15 013
-
53 140
-
social contributions
3 753
-
12 577
-
health
1 351
-
4 783
-
total
5 104
-
17 360
-
Corporate
50 383
70 500
-
-
income
9 573
13 395
-
-
total
9 573
13 395
-
-
Dividends
40 810
57 105
-
-
withholding
6 122
8 566
-
-
total
6 122
8 566
-
-
Income
70 500
70 500
70 500
70 500
Total tax
25 604
21 961
34 208
31 152
After tax
44 896
48 539
36 292
39 348
Living cost
10 209
10 209
10 209
10 209
Free-cash
34 687
38 330
26 083
29 139

Estimated living cost  is ₴10209 per week

₴7091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
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.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19646
₴17424
₴15989
₴12805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
municipal
-
-
-
419
regional
-
-
-
828
national
-
-
-
17 163
social contributions
-
-
-
18 133
total
-
-
-
36 543
Employee
37 844
-
70 500
-
social contributions
12 761
-
23 772
-
regional
357
-
730
-
municipal
200
-
374
-
national
6 557
-
14 851
-
total
19 875
-
39 727
-
Employer
37 844
-
70 500
-
total
-
-
-
-
Corporate
32 656
70 500
-
-
nationa
7 837
16 920
-
-
municipal
1 274
2 750
-
-
total
9 111
19 670
-
-
Dividends
23 545
50 830
-
-
withholding
6 122
13 216
-
-
total
6 122
13 216
-
-
Income
70 500
70 500
70 500
70 500
Total tax
35 108
32 886
39 727
36 543
After tax
35 392
37 614
30 773
33 957
Living cost
17 968
17 968
17 968
17 968
Free-cash
17 424
19 646
12 805
15 989

Estimated living cost  is ₴17968 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34949
₴33623
₴24025
₴21374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
18 771
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 810
total
-
-
-
37 079
Employee
14 081
-
58 537
-
other
-
-
-
-
health
360
-
1 449
-
surtax
46
-
2 348
-
income
2 360
-
16 224
-
pensions
939
-
3 791
-
unemployment
980
-
3 955
-
total
4 685
-
27 767
-
Employer
14 081
-
58 537
-
other
-
-
-
-
unemployment
446
-
1 801
-
pensions
1 877
-
7 576
-
health
641
-
2 586
-
total
2 964
-
11 963
-
Corporate
53 455
70 500
-
-
income
13 898
18 330
-
-
total
13 898
18 330
-
-
Dividends
39 557
52 170
-
-
withholding
5 934
7 825
-
-
total
5 934
7 825
-
-
Income
70 500
70 500
70 500
70 500
Total tax
27 481
26 155
39 730
37 079
After tax
43 019
44 345
30 770
33 421
Living cost
9 396
9 396
9 396
9 396
Free-cash
33 623
34 949
21 374
24 025

Estimated living cost  is ₴9396 per week

₴5745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27075
₴29806
₴27508
₴21097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
19 597
pensions
-
-
-
3 762
total
-
-
-
23 359
Employee
27 249
-
61 634
-
health
396
-
913
-
income
4 908
-
15 325
-
pensions
2 313
-
4 666
-
total
7 617
-
20 904
-
Employer
27 249
-
61 634
-
pensions
2 950
-
7 695
-
health
518
-
1 171
-
total
3 468
-
8 866
-
Corporate
39 784
70 500
-
-
income

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

7 559
13 395
-
-
total
7 559
13 395
-
-
Dividends
32 225
57 105
-
-
withholding
2 417
10 397
-
-
total
2 417
10 397
-
-
Income
70 500
70 500
70 500
70 500
Total tax
21 061
23 792
29 770
23 359
After tax
49 439
46 708
40 730
47 141
Living cost
19 633
19 633
19 633
19 633
Free-cash
29 806
27 075
21 097
27 508

Estimated living cost  is ₴19633 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴212
₴13673
₴24854
₴21501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
city
-
-
-
743
pensions
-
-
-
6 486
other

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

-
-
-
1 410
regional
-
-
-
3 366
health
-
-
-
158
national
-
-
-
1 033
total
-
-
-
13 196
Employee
37 975
-
63 102
-
city
408
-
678
-
regional
1 243
-
2 912
-
health
86
-
142
-
pensions
3 190
-
5 301
-
unemployment
-
-
-
-
national
180
-
811
-
total
5 107
-
9 844
-
Employer
37 975
-
63 102
-
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.

759
-
1 262
-
unemployment
-
-
-
-
pensions
3 190
-
5 301
-
health
86
-
142
-
total
4 035
-
6 705
-
Corporate
28 072
70 500
-
-
regional
5 937
14 911
-
-
national
2 386
5 992
-
-
total
8 323
20 903
-
-
Dividends
19 749
49 597
-
-
withholding
6 912
17 359
-
-
total
6 912
17 359
-
-
Income
70 500
70 500
70 500
70 500
Total tax
24 377
38 262
16 549
13 196
After tax
46 123
32 238
53 951
57 304
Living cost
32 450
32 450
32 450
32 450
Free-cash
13 673
-212
21 501
24 854

Estimated living cost  is ₴32450 per week

₴21102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15333
₴22238
₴16925
₴25621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
trade
-
-
-
8 696
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.

-
-
-
21 292
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.

-
-
-
2 909
surtax

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

-
-
-
1 171
total
-
-
-
34 068
Employee

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

25 591
-
70 500
-
health

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

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

2 909
-
2 909
-
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.

166
-
1 171
-
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.

3 009
-
21 292
-
total
6 084
-
25 372
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 909
70 500
-
-
surtax

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

370
582
-
-
income
6 736
10 575
-
-
trade
7 702
12 091
-
-
chamber of commerce
128
164
-
-
total
14 936
23 412
-
-
Dividends
29 974
47 088
-
-
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.

403
638
-
-
withholding
7 332
11 610
-
-
total
7 735
12 248
-
-
Income
70 500
70 500
70 500
70 500
Total tax
28 755
35 660
25 372
34 068
After tax
41 745
34 840
45 128
36 432
Living cost
19 507
19 507
19 507
19 507
Free-cash
22 238
15 333
25 621
16 925

Estimated living cost  is ₴19507 per week

₴14247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20963
₴23475
₴25233
₴24671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
10 663
pensions
-
-
-
13 000
other
-
-
-
2 186
health
-
-
-
2 840
surtax
-
-
-
-
social contributions
-
-
-
2 009
total
-
-
-
30 698
Employee
18 224
-
54 881
-
social contributions
520
-
1 564
-
surtax
-
-
-
-
income
1 076
-
10 391
-
pensions
2 061
-
3 685
-
total
3 657
-
15 640
-
Employer
18 224
-
54 881
-
other
629
-
2 084
-
social contributions
55
-
165
-
unemployment
738
-
2 223
-
pensions
2 994
-
6 226
-
health
1 276
-
4 922
-
total
5 692
-
15 620
-
Corporate
46 585
70 500
-
-
surtax
-
-
-
-
income
13 044
19 740
-
-
total
13 044
19 740
-
-
Dividends
33 541
50 760
-
-
surtax
-
-
-
-
social contributions
5 770
8 730
-
-
withholding
4 293
6 498
-
-
total
10 063
15 228
-
-
Income
70 500
70 500
70 500
70 500
Total tax
32 456
34 968
31 260
30 698
After tax
38 044
35 532
39 240
39 802
Living cost
14 569
14 569
14 569
14 569
Free-cash
23 475
20 963
24 671
25 233

Estimated living cost  is ₴14569 per week

₴9186
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.
₴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.
₴3951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22407
₴24771
₴26677
₴26115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
10 663
pensions
-
-
-
13 000
other
-
-
-
2 186
health
-
-
-
2 840
surtax
-
-
-
-
social contributions
-
-
-
2 009
total
-
-
-
30 698
Employee
16 268
-
54 881
-
social contributions
464
-
1 564
-
surtax
-
-
-
-
income
839
-
10 391
-
pensions
1 840
-
3 685
-
total
3 143
-
15 640
-
Employer
16 268
-
54 881
-
other
562
-
2 084
-
social contributions
48
-
165
-
unemployment
659
-
2 223
-
pensions
2 673
-
6 226
-
health
1 139
-
4 922
-
total
5 081
-
15 620
-
Corporate
49 152
70 500
-
-
surtax
-
-
-
-
income
13 763
19 740
-
-
total
13 763
19 740
-
-
Dividends
35 389
50 760
-
-
surtax
-
-
-
-
social contributions
6 087
8 730
-
-
withholding
4 530
6 498
-
-
total
10 617
15 228
-
-
Income
70 500
70 500
70 500
70 500
Total tax
32 604
34 968
31 260
30 698
After tax
37 896
35 532
39 240
39 802
Living cost
13 125
13 125
13 125
13 125
Free-cash
24 771
22 407
26 115
26 677

Estimated living cost  is ₴13125 per week

₴7612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33981
₴34203
₴36246
₴34925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
10 575
health
-
-
-
4 921
social contributions
-
-
-
9 729
total
-
-
-
25 225
Employee
14 438
-
70 500
-
social contributions
1 993
-
9 729
-
health
1 008
-
4 921
-
income
2 408
-
11 896
-
total
5 409
-
26 546
-
Employer
14 438
-
70 500
-
total
-
-
-
-
Corporate
56 062
70 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

2 803
3 525
-
-
total
2 803
3 525
-
-
Dividends
53 259
66 975
-
-
health
3 717
4 675
-
-
social contributions
7 350
9 243
-
-
withholding
7 989
10 047
-
-
total
19 056
23 965
-
-
Income
70 500
70 500
70 500
70 500
Total tax
27 268
27 490
26 546
25 225
After tax
43 232
43 010
43 954
45 275
Living cost
9 029
9 029
9 029
9 029
Free-cash
34 203
33 981
34 925
36 246

Estimated living cost  is ₴9029 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
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.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24046
₴23389
₴21168
₴3637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
chamber of commerce
-
-
-
282
income
-
-
-
18 342
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
84
total
-
-
-
34 328
Employee
21 280
16 969
55 666
-
other
213
170
498
-
health
823
657
1 925
-
income
2 423
1 252
14 506
-
pensions
2 179
1 737
5 094
-
unemployment
638
509
1 492
-
total
6 276
4 325
23 515
-
Employer
21 280
16 969
55 666
-
accident
276
221
646
-
other
1 011
806
2 594
-
chamber of commerce
85
68
223
-
unemployment
638
509
1 492
-
surtax
84
84
84
-
pensions
2 671
2 130
6 243
-
payroll
638
509
1 670
-
health
804
642
1 880
-
total
6 207
4 969
14 832
-
Corporate
43 012
48 563
54 050
-
income

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

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

10 753
12 140
13 512
-
total
10 753
12 140
13 512
-
Dividends
32 259
36 422
-
-
withholding
8 871
10 016
-
-
total
8 871
10 016
-
-
Income
70 500
70 500
70 500
70 500
Total tax
32 107
31 450
51 859
34 328
After tax
38 393
39 050
18 641
36 172
Living cost
15 004
15 004
15 004
15 004
Free-cash
23 389
24 046
3 637
21 168

Estimated living cost  is ₴15004 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
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.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23912
₴17526
₴15010
₴9548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
national
-
-
-
25 755
communal

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

-
-
-
3 593
social contributions
-
-
-
10 616
total
-
-
-
39 964
Employee

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

30 459
-
54 605
-
communal

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

1 589
-
2 848
-
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.

1 431
-
2 566
-
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.

2 284
-
4 095
-
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.

265
-
475
-
national
9 364
-
19 547
-
total
14 933
-
29 531
-
Employer

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

30 459
-
54 605
-
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.

396
-
710
-
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.

444
-
798
-
surtax
3 454
-
6 191
-
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.

2 699
-
4 838
-
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.

1 873
-
3 358
-
total
8 866
-
15 895
-
Corporate
31 175
70 500
-
-
surtax
124
282
-
-
income
6 235
14 100
-
-
total
6 359
14 382
-
-
Dividends
24 816
56 118
-
-
withholding

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

7 290
16 680
-
-
total
7 290
16 680
-
-
Income
70 500
70 500
70 500
70 500
Total tax
37 448
31 062
45 426
39 964
After tax
33 052
39 438
25 074
30 536
Living cost
15 526
15 526
15 526
15 526
Free-cash
17 526
23 912
9 548
15 010

Estimated living cost  is ₴15526 per week

₴10001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31670
₴28668
₴24236
₴22450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
accident
-
-
-
356
income
-
-
-
19 045
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
30 886
Employee
21 196
-
57 918
-
other
21
-
40
-
income
4 472
-
17 583
-
pensions
996
-
1 855
-
unemployment
329
-
612
-
total
5 818
-
20 090
-
Employer
21 196
-
57 918
-
accident
419
-
781
-
other
169
-
316
-
unemployment
1 166
-
2 170
-
pensions
5 002
-
9 315
-
total
6 756
-
12 582
-
Corporate
42 548
70 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

6 382
10 575
-
-
total
6 382
10 575
-
-
Dividends
36 166
59 925
-
-
withholding
7 498
12 877
-
-
total
7 498
12 877
-
-
Income
70 500
70 500
70 500
70 500
Total tax
26 454
23 452
32 672
30 886
After tax
44 046
47 048
37 828
39 614
Living cost
15 378
15 378
15 378
15 378
Free-cash
28 668
31 670
22 450
24 236

Estimated living cost  is ₴15378 per week

₴11324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18378
₴13145
₴12219
₴15031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
accident
-
-
-
595
income
-
-
-
11 074
pensions
-
-
-
10 567
health
-
-
-
4 953
surtax
-
-
-
3 495
communal
-
-
-
4 456
total
-
-
-
35 140
Employee
32 247
-
62 975
-
health
1 435
-
2 802
-
surtax
1 977
-
3 859
-
income
3 115
-
13 104
-
pensions
2 579
-
5 038
-
total
9 106
-
24 803
-
Employer
32 247
-
62 975
-
accident
290
-
566
-
pensions
2 579
-
5 038
-
health
983
-
1 921
-
total
3 852
-
7 525
-
Corporate
34 401
70 500
-
-
surtax
361
740
-
-
communal
2 322
4 759
-
-
income
5 160
10 575
-
-
total
7 843
16 074
-
-
Dividends
26 557
54 426
-
-
income
9 429
4 743
-
-
withholding
3 984
8 164
-
-
total
13 413
12 907
-
-
Income
70 500
70 500
70 500
70 500
Total tax
34 214
28 981
32 328
35 140
After tax
36 286
41 519
38 172
35 360
Living cost
23 141
23 141
23 141
23 141
Free-cash
13 145
18 378
15 031
12 219

Estimated living cost  is ₴23141 per week

₴17359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
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.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34781
₴33425
₴23857
₴21206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
18 771
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
2 810
total
-
-
-
37 079
Employee
14 340
-
58 537
-
other
-
-
-
-
health
366
-
1 449
-
surtax
51
-
2 348
-
income
2 404
-
16 224
-
pensions
957
-
3 791
-
unemployment
998
-
3 955
-
total
4 776
-
27 767
-
Employer
14 340
-
58 537
-
other
-
-
-
-
unemployment
455
-
1 801
-
pensions
1 912
-
7 576
-
health
652
-
2 586
-
total
3 019
-
11 963
-
Corporate
53 141
70 500
-
-
income
13 817
18 330
-
-
total
13 817
18 330
-
-
Dividends
39 324
52 170
-
-
withholding
5 899
7 825
-
-
total
5 899
7 825
-
-
Income
70 500
70 500
70 500
70 500
Total tax
27 511
26 155
39 730
37 079
After tax
42 989
44 345
30 770
33 421
Living cost
9 564
9 564
9 564
9 564
Free-cash
33 425
34 781
21 206
23 857

Estimated living cost  is ₴9564 per week

₴5774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25585
₴24640
₴22251
₴19084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
municipal
-
-
-
419
regional
-
-
-
1 063
national
-
-
-
17 163
social contributions
-
-
-
18 133
total
-
-
-
36 778
Employee
23 621
-
70 500
-
social contributions
7 965
-
23 772
-
regional
318
-
948
-
municipal
125
-
374
-
national
3 742
-
14 851
-
total
12 150
-
39 945
-
Employer
23 621
-
70 500
-
total
-
-
-
-
Corporate
46 879
70 500
-
-
nationa
11 251
16 920
-
-
municipal
2 330
3 504
-
-
total
13 581
20 424
-
-
Dividends
33 299
50 076
-
-
withholding
8 658
13 020
-
-
total
8 658
13 020
-
-
Income
70 500
70 500
70 500
70 500
Total tax
34 389
33 444
39 945
36 778
After tax
36 111
37 056
30 555
33 722
Living cost
11 471
11 471
11 471
11 471
Free-cash
24 640
25 585
19 084
22 251

Estimated living cost  is ₴11471 per week

₴7134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
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.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35959
₴31472
₴26768
₴23712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
6 944
health
-
-
-
9 518
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 690
total
-
-
-
31 152
Employee
18 500
-
53 140
-
social contributions
1 202
-
3 270
-
health
2 497
-
7 174
-
solidarity contribution
-
-
-
-
income
2 220
-
6 404
-
total
5 919
-
16 848
-
Employer
18 500
-
53 140
-
social contributions
4 625
-
12 577
-
health
1 665
-
4 783
-
total
6 290
-
17 360
-
Corporate
45 711
70 500
-
-
income
8 685
13 395
-
-
total
8 685
13 395
-
-
Dividends
37 026
57 105
-
-
withholding
5 554
8 566
-
-
total
5 554
8 566
-
-
Income
70 500
70 500
70 500
70 500
Total tax
26 448
21 961
34 208
31 152
After tax
44 052
48 539
36 292
39 348
Living cost
12 580
12 580
12 580
12 580
Free-cash
31 472
35 959
23 712
26 768

Estimated living cost  is ₴12580 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
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.
₴2310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25510
₴25302
₴22671
₴5081
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
chamber of commerce
-
-
-
282
income
-
-
-
18 342
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
-
total
-
-
-
34 244
Employee
18 614
16 969
55 746
-
other
186
170
498
-
health
720
657
1 925
-
income
1 658
1 252
14 539
-
pensions
1 906
1 737
5 094
-
unemployment
558
509
1 492
-
total
5 028
4 325
23 548
-
Employer
18 614
16 969
55 746
-
accident
242
221
646
-
other
884
806
2 596
-
chamber of commerce
74
68
223
-
unemployment
558
509
1 492
-
surtax
-
-
-
-
pensions
2 336
2 130
6 243
-
payroll
558
509
1 673
-
health
704
642
1 880
-
total
5 356
4 885
14 753
-
Corporate
46 530
48 647
54 129
-
income

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

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

11 632
12 161
13 533
-
total
11 632
12 161
13 533
-
Dividends
34 898
36 485
-
-
withholding
9 597
10 034
-
-
total
9 597
10 034
-
-
Income
70 500
70 500
70 500
70 500
Total tax
31 613
31 405
51 834
34 244
After tax
38 887
39 095
18 666
36 256
Living cost
13 585
13 585
13 585
13 585
Free-cash
25 302
25 510
5 081
22 671

Estimated living cost  is ₴13585 per week

₴8149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
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.
₴3806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60918
₴59783
₴63738
₴50343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
70 500
microenterprise

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

-
-
-
705
total
-
-
-
705
Employee
7 571
-
70 500
-
income
1 514
-
14 100
-
total
1 514
-
14 100
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

62 929
70 500
-
-
total
-
-
-
-
Dividends
62 929
70 500
-
-
withholding
3 146
3 525
-
-
total
3 146
3 525
-
-
Income
70 500
70 500
70 500
70 500
Total tax
4 660
3 525
14 100
705
After tax
65 840
66 975
56 400
69 795
Living cost
6 057
6 057
6 057
6 057
Free-cash
59 783
60 918
50 343
63 738

Estimated living cost  is ₴6057 per week

₴4099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37119
₴33558
₴23240
₴21374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
income
-
-
-
15 921
pensions
-
-
-
12 875
unemployment
-
-
-
106
health
-
-
-
6 937
total
-
-
-
35 839
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.

18 830
-
61 003
-
health
1 216
-
3 940
-
income
3 247
-
14 727
-
pensions
2 919
-
9 455
-
unemployment
27
-
86
-
total
7 409
-
28 208
-
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.

18 830
-
61 003
-
unemployment
11
-
36
-
pensions
1 666
-
5 399
-
health
1 254
-
4 062
-
total
2 931
-
9 497
-
Corporate
48 739
70 500
-
-
income
9 260
13 395
-
-
total
9 260
13 395
-
-
Dividends
39 478
57 105
-
-
withholding
5 921
8 565
-
-
total
5 921
8 565
-
-
Income
70 500
70 500
70 500
70 500
Total tax
25 521
21 960
37 705
35 839
After tax
44 979
48 540
32 795
34 661
Living cost
11 421
11 421
11 421
11 421
Free-cash
33 558
37 119
21 374
23 240

Estimated living cost  is ₴11421 per week

₴7838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24434
₴4086
₴30263
₴46415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
13 742
social contributions
-
-
-
8 037
total
-
-
-
21 779
Employee
26 466
-
-
-
social contributions
2 170
-
309
-
income
5 838
-
-
-
total
8 008
-
309
-
Employer
26 466
-
-
-
social contributions
37 317
-
5 318
-
total
37 317
-
5 318
-
Corporate
6 717
70 500
-
-
income
1 478
15 510
-
-
total
1 478
15 510
-
-
Dividends
5 239
54 990
-
-
income
1 153
12 098
-
-
total
1 153
12 098
-
-
Income
70 500
70 500
70 500
70 500
Total tax
47 956
27 608
5 627
21 779
After tax
22 544
42 892
64 873
48 721
Living cost
18 458
18 458
18 458
18 458
Free-cash
4 086
24 434
46 415
30 263

Estimated living cost  is ₴18458 per week

₴11976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26744
₴26316
₴24577
₴19344
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
income
-
-
-
8 068
surtax
-
-
-
-
social contributions

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

-
-
-
24 499
total
-
-
-
32 567
Employee
19 584
-
56 970
-
social contributions
2 154
-
6 267
-
surtax
-
-
-
-
income
4 074
-
18 003
-
total
6 228
-
24 270
-
Employer
19 584
-
56 970
-
social contributions
4 651
-
13 530
-
total
4 651
-
13 530
-
Corporate
46 265
70 500
-
-
surtax
-
-
-
-
income
9 715
14 805
-
-
total
9 715
14 805
-
-
Dividends
36 549
55 695
-
-
withholding
10 234
15 595
-
-
total
10 234
15 595
-
-
Income
70 500
70 500
70 500
70 500
Total tax
30 828
30 400
37 800
32 567
After tax
39 672
40 100
32 700
37 933
Living cost
13 356
13 356
13 356
13 356
Free-cash
26 316
26 744
19 344
24 577

Estimated living cost  is ₴13356 per week

₴9993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
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.
₴2352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14966
₴17893
₴19236
₴18674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
10 663
pensions
-
-
-
13 000
other
-
-
-
2 186
health
-
-
-
2 840
surtax
-
-
-
-
social contributions
-
-
-
2 009
total
-
-
-
30 698
Employee
26 670
-
54 881
-
social contributions
760
-
1 564
-
surtax
-
-
-
-
income
2 327
-
10 391
-
pensions
3 017
-
3 685
-
total
6 104
-
15 640
-
Employer
26 670
-
54 881
-
other
920
-
2 084
-
social contributions
80
-
165
-
unemployment
1 080
-
2 223
-
pensions
4 382
-
6 226
-
health
1 867
-
4 922
-
total
8 329
-
15 620
-
Corporate
35 501
70 500
-
-
surtax
-
-
-
-
income
9 940
19 740
-
-
total
9 940
19 740
-
-
Dividends
25 561
50 760
-
-
surtax
-
-
-
-
social contributions
4 396
8 730
-
-
withholding
3 272
6 498
-
-
total
7 668
15 228
-
-
Income
70 500
70 500
70 500
70 500
Total tax
32 041
34 968
31 260
30 698
After tax
38 459
35 532
39 240
39 802
Living cost
20 566
20 566
20 566
20 566
Free-cash
17 893
14 966
18 674
19 236

Estimated living cost  is ₴20566 per week

₴13919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50650
₴49219
₴39277
₴41148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
2 913
social contributions
-
-
-
15 510
total
-
-
-
18 423
Employee
13 689
-
61 038
-
income
-
-
3 122
-
social contributions
890
-
3 968
-
total
890
-
7 090
-
Employer
13 689
-
61 038
-
social contributions
2 122
-
9 462
-
total
2 122
-
9 462
-
Corporate
54 689
70 500
-
-
income
5 469
7 050
-
-
total
5 469
7 050
-
-
Dividends
49 220
63 450
-
-
total
-
-
-
-
Income
70 500
70 500
70 500
70 500
Total tax
8 481
7 050
16 552
18 423
After tax
62 019
63 450
53 948
52 077
Living cost
12 800
12 800
12 800
12 800
Free-cash
49 219
50 650
41 148
39 277

Estimated living cost  is ₴12800 per week

₴8276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22285
-₴22285
₴21330
-₴22285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
municipal
-
-
-
14 552
pensions
-
-
-
369
national
-
-
-
8 129
labour market
-
-
-
5 611
total
-
-
-
28 661
Employee
86 566
86 566
86 566
-
labour market
6 915
6 915
6 915
-
national
10 576
10 576
10 576
-
municipal
18 434
18 434
18 434
-
pensions
123
123
123
-
total
36 048
36 048
36 048
-
Employer
86 566
86 566
86 566
-
labour market
6 925
6 925
6 925
-
municipal
18 463
18 463
18 463
-
pensions
246
246
246
-
national
10 594
10 594
10 594
-
total
36 228
36 228
36 228
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
70 500
70 500
70 500
70 500
Total tax
72 276
72 276
72 276
28 661
After tax
-1 776
-1 776
-1 776
41 839
Living cost
20 509
20 509
20 509
20 509
Free-cash
-22 285
-22 285
-22 285
21 330

Estimated living cost  is ₴20509 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3428
₴4309
₴39069
₴29023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
accident
-
-
-
106
income
-
-
-
19 356
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
22 292
Employee
14 377
-
63 249
-
health
1 646
-
7 242
-
income
1 972
-
14 628
-
pensions
1 619
-
3 217
-
total
5 237
-
25 087
-
Employer
14 377
-
63 249
-
accident
240
-
1 056
-
unemployment
352
-
1 550
-
pensions
2 338
-
4 645
-
total
2 930
-
7 251
-
Corporate
53 193
70 500
-
-
income

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

47 874
63 450
-
-
total
47 874
63 450
-
-
Dividends
5 319
7 050
-
-
withholding
1 011
1 339
-
-
total
1 011
1 339
-
-
Income
70 500
70 500
70 500
70 500
Total tax
57 052
64 789
32 338
22 292
After tax
13 448
5 711
38 162
48 208
Living cost
9 139
9 139
9 139
9 139
Free-cash
4 309
-3 428
29 023
39 069

Estimated living cost  is ₴9139 per week

₴6652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28109
₴29072
₴29778
₴20922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
70 500
municipal
-
-
-
12 527
health
-
-
-
908
national
-
-
-
10 939
total
-
-
-
24 374
Employee
22 403
-
59 309
-
health
167
-
735
-
municipal
3 669
-
9 663
-
pensions
1 512
-
4 003
-
unemployment
336
-
890
-
national
370
-
6 748
-
total
6 054
-
22 039
-
Employer
22 403
-
59 309
-
accident
23
-
59
-
unemployment
145
-
385
-
pensions
3 887
-
10 290
-
health
172
-
457
-
total
4 227
-
11 191
-
Corporate
43 870
70 500
-
-
income
8 774
14 100
-
-
total
8 774
14 100
-
-
Dividends

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

26 322
42 300
-
-
national
1 287
4 329
-
-
municipal
4 738
7 614
-
-
total
6 025
11 943
-
-
Income
70 500
70 500
70 500
70 500
Total tax
25 080
26 043
33 230
24 374
After tax
45 420
44 457
37 270
46 126
Living cost
16 348
16 348
16 348
16 348
Free-cash
29 072
28 109
20 922
29 778

Estimated living cost  is ₴16348 per week

₴10679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴41584
₴39268
₴38553
₴37921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
13 400
health
-
-
-
1 798
social contributions
-
-
-
6 890
total
-
-
-
22 088
Employee
32 743
32 743
65 621
-
social contributions
1 238
2 718
3 665
-
health
254
557
1 116
-
income
3 565
3 031
13 060
-
total
5 057
6 306
17 841
-
Employer
32 743
32 743
65 621
-
social contributions
1 238
2 718
3 665
-
health
276
606
1 214
-
total
1 514
3 324
4 879
-
Corporate
54 071
34 433
-
-
income
6 759
4 305
-
-
total
6 759
4 305
-
-
Dividends
47 312
30 129
-
-
withholding
8 043
5 122
-
-
total
8 043
5 122
-
-
Income
70 500
70 500
70 500
70 500
Total tax
21 373
19 057
22 720
22 088
After tax
49 127
51 443
47 780
48 412
Living cost
9 859
9 859
9 859
9 859
Free-cash
39 268
41 584
37 921
38 553

Estimated living cost  is ₴9859 per week

₴5909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51620
₴49456
₴52341
₴43802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70 500
income
-
-
-
7 136
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
11 398
Employee

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

9 774
-
66 338
-
health
831
-
3 434
-
income
668
-
6 080
-
pensions
1 466
-
6 060
-
unemployment
48
-
202
-
total
3 013
-
15 776
-
Employer

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

9 774
-
66 338
-
unemployment
48
-
202
-
pensions
537
-
2 222
-
health
420
-
1 737
-
total
1 005
-
4 161
-
Corporate
59 720
70 500
-
-
income
5 374
6 345
-
-
total
5 374
6 345
-
-
Dividends
54 346
64 155
-
-
withholding
4 891
5 774
-
-
total
4 891
5 774
-
-
Income
70 500
70 500
70 500
70 500
Total tax
14 283
12 119
19 937
11 398
After tax
56 217
58 381
50 563
59 102
Living cost
6 761
6 761
6 761
6 761
Free-cash
49 456
51 620
43 802
52 341

Estimated living cost  is ₴6761 per week

₴4313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
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.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35339
₴33460
₴27905
₴26119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
accident
-
-
-
356
income
-
-
-
19 045
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
30 886
Employee
15 745
-
57 918
-
other
15
-
40
-
income
3 035
-
17 583
-
pensions
740
-
1 855
-
unemployment
244
-
612
-
total
4 034
-
20 090
-
Employer
15 745
-
57 918
-
accident
312
-
781
-
other
126
-
316
-
unemployment
866
-
2 170
-
pensions
3 715
-
9 315
-
total
5 019
-
12 582
-
Corporate
49 735
70 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

7 460
10 575
-
-
total
7 460
10 575
-
-
Dividends
42 275
59 925
-
-
withholding
8 818
12 877
-
-
total
8 818
12 877
-
-
Income
70 500
70 500
70 500
70 500
Total tax
25 331
23 452
32 672
30 886
After tax
45 169
47 048
37 828
39 614
Living cost
11 709
11 709
11 709
11 709
Free-cash
33 460
35 339
26 119
27 905

Estimated living cost  is ₴11709 per week

₴7904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
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.
₴2475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42822
₴42629
₴43968
₴43886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
23 890
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
25 362
Employee
1 782
-
69 540
-
health
89
-
213
-
income
345
-
23 845
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
24 485
-
Employer
1 782
-
69 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
68 318
70 500
-
-
income
15 030
15 510
-
-
total
15 030
15 510
-
-
Dividends
53 288
54 990
-
-
withholding
10 658
10 998
-
-
total
10 658
10 998
-
-
Income
70 500
70 500
70 500
70 500
Total tax
26 701
26 508
25 444
25 362
After tax
43 799
43 992
45 056
45 138
Living cost
1 170
1 170
1 170
1 170
Free-cash
42 629
42 822
43 886
43 968

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
₴43569
₴41475
₴35387
₴35388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
income
-
-
-
15 846
pensions
-
-
-
8 185
unemployment
-
-
-
472
health
-
-
-
3 243
total
-
-
-
27 746
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.

11 109
-
64 865
-
health
572
-
1 621
-
income
1 531
-
15 846
-
pensions
1 555
-
4 407
-
unemployment
83
-
236
-
total
3 741
-
22 110
-
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.

11 109
-
64 865
-
unemployment
83
-
236
-
pensions
1 333
-
3 778
-
health
572
-
1 621
-
total
1 988
-
5 635
-
Corporate
57 402
70 500
-
-
income
8 610
10 575
-
-
total
8 610
10 575
-
-
Dividends
48 792
59 925
-
-
withholding
7 319
8 989
-
-
total
7 319
8 989
-
-
Income
70 500
70 500
70 500
70 500
Total tax
21 658
19 564
27 745
27 746
After tax
48 842
50 936
42 755
42 754
Living cost
7 367
7 367
7 367
7 367
Free-cash
41 475
43 569
35 388
35 387

Estimated living cost  is ₴7367 per week

₴4960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28620
₴28468
₴26453
₴21220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
income
-
-
-
8 068
surtax
-
-
-
-
social contributions

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

-
-
-
24 499
total
-
-
-
32 567
Employee
16 527
-
56 970
-
social contributions
1 818
-
6 267
-
surtax
-
-
-
-
income
3 229
-
18 003
-
total
5 047
-
24 270
-
Employer
16 527
-
56 970
-
social contributions
3 925
-
13 530
-
total
3 925
-
13 530
-
Corporate
50 048
70 500
-
-
surtax
-
-
-
-
income
10 510
14 805
-
-
total
10 510
14 805
-
-
Dividends
39 538
55 695
-
-
withholding
11 070
15 595
-
-
total
11 070
15 595
-
-
Income
70 500
70 500
70 500
70 500
Total tax
30 552
30 400
37 800
32 567
After tax
39 948
40 100
32 700
37 933
Living cost
11 480
11 480
11 480
11 480
Free-cash
28 468
28 620
21 220
26 453

Estimated living cost  is ₴11480 per week

₴8131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
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.
₴2348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32083
₴29227
₴24649
₴22863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
accident
-
-
-
356
income
-
-
-
19 045
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
30 886
Employee
20 565
-
57 918
-
other
20
-
40
-
income
4 295
-
17 583
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
20 090
-
Employer
20 565
-
57 918
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
43 378
70 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

6 507
10 575
-
-
total
6 507
10 575
-
-
Dividends
36 872
59 925
-
-
withholding
7 646
12 877
-
-
total
7 646
12 877
-
-
Income
70 500
70 500
70 500
70 500
Total tax
26 308
23 452
32 672
30 886
After tax
44 192
47 048
37 828
39 614
Living cost
14 965
14 965
14 965
14 965
Free-cash
29 227
32 083
22 863
24 649

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52948
₴50349
₴48620
₴51336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
10 575
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
14 550
Employee
9 706
-
67 580
-
health
447
-
685
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
income
971
-
6 758
-
pensions

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

852
-
1 307
-
total
2 377
-
8 914
-
Employer
9 706
-
67 580
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
pensions

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

1 070
-
1 640
-
health
670
-
1 027
-
total
1 905
-
2 920
-
Corporate
58 890
70 500
-
-
income
5 889
7 050
-
-
total
5 889
7 050
-
-
Dividends
53 001
63 450
-
-
withholding
2 650
3 172
-
-
total
2 650
3 172
-
-
Income
70 500
70 500
70 500
70 500
Total tax
12 821
10 222
11 834
14 550
After tax
57 679
60 278
58 666
55 950
Living cost
7 330
7 330
7 330
7 330
Free-cash
50 349
52 948
51 336
48 620

Estimated living cost  is ₴7330 per week

₴4848
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.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19850
₴25421
₴21412
₴28688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
trade
-
-
-
7 276
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.

-
-
-
21 292
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.

-
-
-
2 909
surtax

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

-
-
-
1 171
total
-
-
-
32 648
Employee

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

21 187
-
70 500
-
health

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

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

2 909
-
2 909
-
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.

96
-
1 171
-
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.

1 742
-
21 292
-
total
4 747
-
25 372
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 313
70 500
-
-
surtax

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

406
582
-
-
income
7 397
10 575
-
-
trade
7 076
10 117
-
-
chamber of commerce
137
168
-
-
total
15 016
21 442
-
-
Dividends
34 297
49 058
-
-
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.

463
666
-
-
withholding
8 413
12 102
-
-
total
8 876
12 768
-
-
Income
70 500
70 500
70 500
70 500
Total tax
28 639
34 210
25 372
32 648
After tax
41 861
36 290
45 128
37 852
Living cost
16 440
16 440
16 440
16 440
Free-cash
25 421
19 850
28 688
21 412

Estimated living cost  is ₴16440 per week

₴11340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
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.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25093
₴26034
₴13424
₴13424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
21 162
social contributions
-
-
-
11 658
total
-
-
-
32 820
Employee
33 308
-
70 500
-
income
6 285
-
21 162
-
social contributions
2 767
-
11 658
-
total
9 052
-
32 820
-
Employer
33 308
-
70 500
-
total
-
-
-
-
Corporate
37 192
70 500
-
-
income
4 649
8 813
-
-
total
4 649
8 813
-
-
Dividends
32 543
61 687
-
-
withholding
6 509
12 338
-
-
total
6 509
12 338
-
-
Income
70 500
70 500
70 500
70 500
Total tax
20 210
21 151
32 820
32 820
After tax
50 290
49 349
37 680
37 680
Living cost
24 256
24 256
24 256
24 256
Free-cash
26 034
25 093
13 424
13 424

Estimated living cost  is ₴24256 per week

₴18454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28118
₴29606
₴40064
₴34944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
income
-
-
-
12 121
health

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

-
-
-
2 858
total
-
-
-
14 979
Employee
19 534
-
68 541
-
income
2 120
-
16 181
-
social contributions
1 957
-
1 959
-
total
4 077
-
18 140
-
Employer
19 534
-
68 541
-
social contributions
1 957
-
1 959
-
total
1 957
-
1 959
-
Corporate
49 009
70 500
-
-
income
17 153
24 675
-
-
total
17 153
24 675
-
-
Dividends
31 856
45 825
-
-
social contributions
2 250
2 250
-
-
total
2 250
2 250
-
-
Income
70 500
70 500
70 500
70 500
Total tax
25 437
26 925
20 099
14 979
After tax
45 063
43 575
50 401
55 521
Living cost
15 457
15 457
15 457
15 457
Free-cash
29 606
28 118
34 944
40 064

Estimated living cost  is ₴15457 per week

₴10182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30747
₴33292
₴31180
₴24769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
income
-
-
-
19 597
pensions
-
-
-
3 762
total
-
-
-
23 359
Employee
21 908
-
61 634
-
health
286
-
913
-
income
3 990
-
15 325
-
pensions
1 672
-
4 666
-
total
5 948
-
20 904
-
Employer
21 908
-
61 634
-
pensions
2 213
-
7 695
-
health
416
-
1 171
-
total
2 629
-
8 866
-
Corporate
45 962
70 500
-
-
income

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

8 733
13 395
-
-
total
8 733
13 395
-
-
Dividends
37 229
57 105
-
-
withholding
3 937
10 397
-
-
total
3 937
10 397
-
-
Income
70 500
70 500
70 500
70 500
Total tax
21 247
23 792
29 770
23 359
After tax
49 253
46 708
40 730
47 141
Living cost
15 961
15 961
15 961
15 961
Free-cash
33 292
30 747
24 769
31 180

Estimated living cost  is ₴15961 per week

₴10949
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.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4333
₴4170
₴38164
₴28118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
accident
-
-
-
106
income
-
-
-
19 356
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
22 292
Employee
15 800
-
63 249
-
health
1 809
-
7 242
-
income
2 168
-
14 628
-
pensions
1 779
-
3 217
-
total
5 756
-
25 087
-
Employer
15 800
-
63 249
-
accident
264
-
1 056
-
unemployment
387
-
1 550
-
pensions
2 569
-
4 645
-
total
3 220
-
7 251
-
Corporate
51 480
70 500
-
-
income

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

46 332
63 450
-
-
total
46 332
63 450
-
-
Dividends
5 148
7 050
-
-
withholding
978
1 339
-
-
total
978
1 339
-
-
Income
70 500
70 500
70 500
70 500
Total tax
56 286
64 789
32 338
22 292
After tax
14 214
5 711
38 162
48 208
Living cost
10 044
10 044
10 044
10 044
Free-cash
4 170
-4 333
28 118
38 164

Estimated living cost  is ₴10044 per week

₴7371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
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.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴53575
₴51583
₴34468
₴43830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
70 500
work injury
-
-
-
340
health insurance
-
-
-
5 039
income
-
-
-
11 556
pensions
-
-
-
12 529
unemployment
-
-
-
817
total
-
-
-
30 281
Employee

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

9 202
-
70 500
-
work injury
46
-
170
-
income
920
-
11 556
-
pensions
1 693
-
6 265
-
health insurance
681
-
2 519
-
unemployment
110
-
409
-
total
3 450
-
20 919
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 298
70 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

613
705
-
-
total
613
705
-
-
Dividends
60 685
69 795
-
-
withholding
9 103
10 469
-
-
total
9 103
10 469
-
-
Income
70 500
70 500
70 500
70 500
Total tax
13 166
11 174
20 919
30 281
After tax
57 334
59 326
49 581
40 219
Living cost
5 751
5 751
5 751
5 751
Free-cash
51 583
53 575
43 830
34 468

Estimated living cost  is ₴5751 per week

₴3563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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Rome , Italy
₴20172
₴18234
₴16160
₴13067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
70 500
municipal
-
-
-
471
regional
-
-
-
1 610
national
-
-
-
17 163
social contributions
-
-
-
18 133
total
-
-
-
37 377
Employee
35 882
-
70 500
-
social contributions
12 099
-
23 772
-
regional
542
-
1 427
-
municipal
214
-
420
-
national
6 064
-
14 851
-
total
18 919
-
40 470
-
Employer
35 882
-
70 500
-
total
-
-
-
-
Corporate
34 618
70 500
-
-
nationa
8 309
16 920
-
-
municipal
1 669
3 398
-
-
total
9 978
20 318
-
-
Dividends
24 641
50 182
-
-
withholding
6 406
13 047
-
-
total
6 406
13 047
-
-
Income
70 500
70 500
70 500
70 500
Total tax
35 303
33 365
40 470
37 377
After tax
35 197
37 135
30 030
33 123
Living cost
16 963
16 963
16 963
16 963
Free-cash
18 234
20 172
13 067
16 160

Estimated living cost  is ₴16963 per week

₴11916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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