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
₴ 73500
per

Your estimated
City
free-cash

Dresden , Germany
₴24802
₴22085
₴27567
₴32749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
trade
-
-
-
7 947
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.

-
-
-
3 385
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.

-
-
-
1 166
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.

-
-
-
21 192
total
-
-
-
33 690
Employee

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

18 952
-
73 500
-
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.

29
-
1 166
-
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.

529
-
21 192
-
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.

3 385
-
3 385
-
total
3 943
-
25 743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 548
73 500
-
-
trade
8 592
11 576
-
-
income
8 182
11 025
-
-
chamber of commerce
153
181
-
-
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.

450
606
-
-
total
17 377
23 388
-
-
Dividends
37 170
50 112
-
-
withholding
9 104
12 340
-
-
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.

501
679
-
-
total
9 605
13 019
-
-
Income
73 500
73 500
73 500
73 500
Total tax
30 925
36 407
25 743
33 690
After tax
42 575
37 093
47 757
39 810
Living cost
15 008
15 008
15 008
15 008
Free-cash
27 567
22 085
32 749
24 802

Estimated living cost  is ₴15008 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1750
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3537
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17437
₴19621
₴19184
₴18014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
7 927
pensions
-
-
-
8 820
social contributions
-
-
-
790
national
-
-
-
12 283
total
-
-
-
29 820
Employee
40 682
-
63 540
-
municipal
5 025
-
8 211
-
national
7 787
-
12 724
-
pensions
1 627
-
2 542
-
total
14 439
-
23 477
-
Employer
40 682
-
63 540
-
pensions
3 255
-
5 083
-
social contributions
437
-
683
-
total
3 692
-
5 766
-
Corporate
26 441
73 500
-
-
income

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

5 288
14 700
-
-
total
5 288
14 700
-
-
Dividends
21 153
58 800
-
-
withholding
4 654
12 936
-
-
total
4 654
12 936
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 073
27 636
29 243
29 820
After tax
45 427
45 864
44 257
43 680
Living cost
26 243
26 243
26 243
26 243
Free-cash
19 184
19 621
18 014
17 437

Estimated living cost  is ₴26243 per week

₴17837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13490
₴48492
₴44427
₴34542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
surtax
-
-
-
18 742
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.

-
-
-
18 985
income
-
-
-
11 975
microenterprise
-
-
-
-
total
-
-
-
49 702
Employee
14 479
-
52 582
-
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.

1 593
-
5 784
-
surtax
-
-
-
-
income
2 577
-
10 199
-
total
4 170
-
15 983
-
Employer
14 479
-
52 582
-
surtax
-
-
-
-
social contributions

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

3 488
-
12 667
-
total
3 488
-
12 667
-
Corporate
55 534
73 500
-
-
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%.

11 107
14 700
-
-
total
11 107
14 700
-
-
Dividends

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

44 427
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
18 765
14 700
28 650
49 702
After tax
54 735
58 800
44 850
23 798
Living cost
10 308
10 308
10 308
10 308
Free-cash
44 427
48 492
34 542
13 490

Estimated living cost  is ₴10308 per week

₴6576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
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.
₴2516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20780
₴15429
₴12392
₴23668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
5 805
health
-
-
-
6 110
income
-
-
-
20 048
total
-
-
-
31 963
Employee
42 314
42 314
64 292
-
pensions
7 616
5 805
5 805
-
income

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

6 926
6 926
7 951
-
health
6 495
5 524
6 110
-
total
21 037
18 255
19 866
-
Employer
42 314
42 314
64 292
-
pensions
2 945
2 945
3 661
-
unemployment
1 523
1 523
1 893
-
health
2 941
2 941
3 655
-
total
7 409
7 409
9 209
-
Corporate
24 296
23 777
-
-
income
4 859
4 755
-
-
total
4 859
4 755
-
-
Dividends
19 437
19 022
-
-
withholding
2 916
2 853
-
-
income
4 130
4 042
-
-
total
7 046
6 895
-
-
Income
73 500
73 500
73 500
73 500
Total tax
40 351
37 314
29 075
31 963
After tax
33 149
36 186
44 425
41 537
Living cost
20 757
20 757
20 757
20 757
Free-cash
12 392
15 429
23 668
20 780

Estimated living cost  is ₴20757 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18364
₴19731
₴19273
₴17868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
18 055
pensions
-
-
-
4 833
health
-
-
-
2 790
other
-
-
-
5 195
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
3 729
total
-
-
-
34 736
Employee
29 067
-
59 453
-
municipal
8 668
-
17 729
-
national
-
-
3 456
-
total
8 668
-
21 185
-
Employer
29 067
-
59 453
-
pensions
3 142
-
4 833
-
other
3 378
-
5 195
-
unemployment
767
-
1 180
-
accident
58
-
89
-
health
1 788
-
2 750
-
total
9 133
-
14 047
-
Corporate
35 300
73 500
-
-
income
7 766
16 170
-
-
total
7 766
16 170
-
-
Dividends
27 534
57 330
-
-
withholding
8 260
17 199
-
-
total
8 260
17 199
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 827
33 369
35 232
34 736
After tax
39 673
40 131
38 268
38 764
Living cost
20 400
20 400
20 400
20 400
Free-cash
19 273
19 731
17 868
18 364

Estimated living cost  is ₴20400 per week

₴13520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2002
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19991
₴17251
₴24213
₴28292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
trade
-
-
-
8 301
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.

-
-
-
3 385
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.

-
-
-
1 166
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.

-
-
-
21 192
total
-
-
-
34 044
Employee

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

25 128
-
73 500
-
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.

118
-
1 166
-
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.

2 159
-
21 192
-
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.

3 385
-
3 385
-
total
5 662
-
25 743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 372
73 500
-
-
trade
7 957
12 090
-
-
income
7 256
11 025
-
-
chamber of commerce
144
180
-
-
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.

399
606
-
-
total
15 756
23 901
-
-
Dividends
32 617
49 599
-
-
withholding
7 966
12 212
-
-
surtax

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

438
671
-
-
total
8 404
12 883
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 822
36 784
25 743
34 044
After tax
43 678
36 716
47 757
39 456
Living cost
19 465
19 465
19 465
19 465
Free-cash
24 213
17 251
28 292
19 991

Estimated living cost  is ₴19465 per week

₴13018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34856
₴37593
₴35538
₴34173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
health
-
-
-
1 874
social contributions
-
-
-
8 017
income
-
-
-
12 682
total
-
-
-
22 573
Employee
38 101
38 101
67 978
-
social contributions
1 851
3 162
4 265
-
income
4 001
3 527
12 313
-
health
379
648
1 156
-
total
6 231
7 337
17 734
-
Employer
38 101
38 101
67 978
-
social contributions
1 851
3 162
4 265
-
health
413
705
1 257
-
total
2 264
3 867
5 522
-
Corporate
48 933
31 531
-
-
income
6 117
3 942
-
-
total
6 117
3 942
-
-
Dividends
42 816
27 589
-
-
withholding
7 279
4 690
-
-
total
7 279
4 690
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 891
19 836
23 256
22 573
After tax
51 609
53 664
50 244
50 927
Living cost
16 071
16 071
16 071
16 071
Free-cash
35 538
37 593
34 173
34 856

Estimated living cost  is ₴16071 per week

₴10986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3560
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41829
₴32231
₴32420
₴33519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
7 350
health
-
-
-
5 145
unemployment
-
-
-
1 102
income
-
-
-
8 985
total
-
-
-
22 582
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.

13 120
5 222
61 506
-
pensions
1 312
522
6 151
-
unemployment
197
78
923
-
income
1 604
638
7 519
-
health
918
366
4 305
-
total
4 031
1 604
18 898
-
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.

13 120
5 222
61 506
-
pensions
2 558
1 018
11 994
-
total
2 558
1 018
11 994
-
Corporate
57 822
67 260
-
-
income
5 204
6 053
-
-
total
5 204
6 053
-
-
Dividends
52 618
61 207
-
-
withholding
9 997
11 629
-
-
social contributions
10 201
11 876
-
-
total
20 198
23 505
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 991
32 180
30 892
22 582
After tax
41 509
41 320
42 608
50 918
Living cost
9 089
9 089
9 089
9 089
Free-cash
32 420
32 231
33 519
41 829

Estimated living cost  is ₴9089 per week

₴6202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27427
₴46832
₴43753
₴30396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
14 701
health
-
-
-
9 555
income
-
-
-
9 849
total
-
-
-
34 105
Employee
14 057
-
54 933
-
pensions
281
-
1 098
-
unemployment
225
-
879
-
income
1 583
-
10 592
-
total
2 089
-
12 569
-
Employer
14 057
-
54 933
-
pensions
2 811
-
10 986
-
unemployment
113
-
439
-
health
1 827
-
7 142
-
total
4 751
-
18 567
-
Corporate
54 692
73 500
-
-
income
10 939
14 700
-
-
total
10 939
14 700
-
-
Dividends
43 754
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
17 779
14 700
31 136
34 105
After tax
55 721
58 800
42 364
39 395
Living cost
11 968
11 968
11 968
11 968
Free-cash
43 753
46 832
30 396
27 427

Estimated living cost  is ₴11968 per week

₴8209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
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.
₴2806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39239
-₴5107
₴4257
₴28335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
2 092
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
19 700
total
-
-
-
23 201
Employee
17 398
-
65 272
-
pensions
1 959
-
3 835
-
income
2 387
-
14 568
-
health
1 992
-
7 474
-
total
6 338
-
25 877
-
Employer
17 398
-
65 272
-
pensions
2 829
-
5 539
-
unemployment
426
-
1 599
-
accident
290
-
1 090
-
total
3 545
-
8 228
-
Corporate
52 557
73 500
-
-
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.

47 301
66 150
-
-
total
47 301
66 150
-
-
Dividends
5 256
7 350
-
-
withholding
999
1 397
-
-
total
999
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
58 183
67 547
34 105
23 201
After tax
15 317
5 953
39 395
50 299
Living cost
11 060
11 060
11 060
11 060
Free-cash
4 257
-5 107
28 335
39 239

Estimated living cost  is ₴11060 per week

₴8106
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.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68712
₴65772
₴65012
₴54747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
73 500
microenterprise

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

-
-
-
735
total
-
-
-
735
Employee
5 066
-
73 500
-
income
1 013
-
14 700
-
total
1 013
-
14 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

68 434
73 500
-
-
total
-
-
-
-
Dividends
68 434
73 500
-
-
withholding
3 422
3 675
-
-
total
3 422
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 435
3 675
14 700
735
After tax
69 065
69 825
58 800
72 765
Living cost
4 053
4 053
4 053
4 053
Free-cash
65 012
65 772
54 747
68 712

Estimated living cost  is ₴4053 per week

₴2512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25745
₴40797
₴37451
₴28784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
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.

-
-
-
17 640
health
-
-
-
3 234
other
-
-
-
3 491
income
-
-
-
10 187
total
-
-
-
34 552
Employee
17 991
-
58 706
-
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.

1 259
-
4 109
-
unemployment
180
-
587
-
income
3 097
-
11 201
-
health
252
-
822
-
total
4 788
-
16 719
-
Employer
17 991
-
58 706
-
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.

3 059
-
9 980
-
other
900
-
2 936
-
unemployment
180
-
587
-
accident
144
-
469
-
health
252
-
822
-
total
4 535
-
14 794
-
Corporate
50 975
73 500
-
-
income
10 704
15 435
-
-
total
10 704
15 435
-
-
Dividends
40 270
58 065
-
-
withholding
2 819
4 065
-
-
total
2 819
4 065
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 846
19 500
31 513
34 552
After tax
50 654
54 000
41 987
38 948
Living cost
13 203
13 203
13 203
13 203
Free-cash
37 451
40 797
28 784
25 745

Estimated living cost  is ₴13203 per week

₴9329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
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.
₴2770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17004
₴16788
₴15679
₴10282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
4 145
income
-
-
-
19 672
total
-
-
-
23 817
Employee
46 237
-
64 323
-
pensions
4 461
-
5 190
-
income
8 335
-
15 190
-
health
762
-
982
-
total
13 558
-
21 362
-
Employer
46 237
-
64 323
-
pensions
5 459
-
7 955
-
health
878
-
1 222
-
total
6 337
-
9 177
-
Corporate
20 926
73 500
-
-
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.

3 976
13 965
-
-
total
3 976
13 965
-
-
Dividends
16 950
59 535
-
-
withholding
1 271
10 068
-
-
total
1 271
10 068
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 142
24 033
30 539
23 817
After tax
48 358
49 467
42 961
49 683
Living cost
32 679
32 679
32 679
32 679
Free-cash
15 679
16 788
10 282
17 004

Estimated living cost  is ₴32679 per week

₴24487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴51352
₴56343
₴54039
₴54086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions

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

-
-
-
2 563
health
-
-
-
1 991
unemployment
-
-
-
69
income
-
-
-
11 025
total
-
-
-
15 648
Employee
8 607
-
70 103
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

756
-
1 520
-
income
861
-
7 010
-
health
396
-
797
-
total
2 108
-
9 517
-
Employer
8 607
-
70 103
-
pensions

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

949
-
1 908
-
unemployment
51
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
health
594
-
1 195
-
total
1 689
-
3 397
-
Corporate
63 205
73 500
-
-
income
6 320
7 350
-
-
total
6 320
7 350
-
-
Dividends
56 884
66 150
-
-
withholding
2 844
3 307
-
-
total
2 844
3 307
-
-
Income
73 500
73 500
73 500
73 500
Total tax
12 961
10 657
12 914
15 648
After tax
60 539
62 843
60 586
57 852
Living cost
6 500
6 500
6 500
6 500
Free-cash
54 039
56 343
54 086
51 352

Estimated living cost  is ₴6500 per week

₴3795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14061
₴8710
₴9956
₴16949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
5 805
health
-
-
-
6 110
income
-
-
-
20 048
total
-
-
-
31 963
Employee
45 939
42 314
64 292
-
pensions
5 805
5 805
5 805
-
income

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

6 926
6 926
7 951
-
health
5 731
5 524
6 110
-
total
18 462
18 255
19 866
-
Employer
45 939
42 314
64 292
-
pensions
3 197
2 945
3 661
-
unemployment
1 654
1 523
1 893
-
health
3 192
2 941
3 655
-
total
8 043
7 409
9 209
-
Corporate
19 518
23 777
-
-
income
3 903
4 755
-
-
total
3 903
4 755
-
-
Dividends
15 615
19 022
-
-
withholding
2 342
2 853
-
-
income
3 318
4 042
-
-
total
5 660
6 895
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 068
37 314
29 075
31 963
After tax
37 432
36 186
44 425
41 537
Living cost
27 476
27 476
27 476
27 476
Free-cash
9 956
8 710
16 949
14 061

Estimated living cost  is ₴27476 per week

₴20268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
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.
₴4439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26663
₴38290
₴33897
₴24983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
health
-
-
-
9 923
social contributions
-
-
-
17 720
solidarity contribution
-
-
-
-
income
-
-
-
6 879
total
-
-
-
34 522
Employee
18 110
-
54 851
-
social contributions
1 177
-
3 565
-
income
2 173
-
6 582
-
solidarity contribution
-
-
-
-
health
2 445
-
7 405
-
total
5 795
-
17 552
-
Employer
18 110
-
54 851
-
social contributions
4 527
-
13 713
-
health
1 630
-
4 937
-
total
6 157
-
18 650
-
Corporate
49 233
73 500
-
-
income
9 354
13 965
-
-
total
9 354
13 965
-
-
Dividends
39 878
59 535
-
-
withholding
5 982
8 930
-
-
total
5 982
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 288
22 895
36 202
34 522
After tax
46 212
50 605
37 298
38 978
Living cost
12 315
12 315
12 315
12 315
Free-cash
33 897
38 290
24 983
26 663

Estimated living cost  is ₴12315 per week

₴8554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴876
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.
₴2643
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15025
₴18308
₴15720
₴11616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
437
regional
-
-
-
853
social contributions
-
-
-
18 904
national
-
-
-
17 373
total
-
-
-
37 567
Employee
44 037
-
73 500
-
social contributions
14 849
-
24 784
-
municipal
233
-
389
-
regional
416
-
752
-
national
7 631
-
15 051
-
total
23 129
-
40 976
-
Employer
44 037
-
73 500
-
total
-
-
-
-
Corporate
29 463
73 500
-
-
nationa
7 071
17 640
-
-
municipal
1 149
2 866
-
-
total
8 220
20 506
-
-
Dividends
21 243
52 994
-
-
withholding
5 523
13 778
-
-
total
5 523
13 778
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 872
34 284
40 976
37 567
After tax
36 628
39 216
32 524
35 933
Living cost
20 908
20 908
20 908
20 908
Free-cash
15 720
18 308
11 616
15 025

Estimated living cost  is ₴20908 per week

₴14575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
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.
₴4641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23945
₴35297
₴33754
₴21772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
13 226
health
-
-
-
4 695
surtax
-
-
-
2 586
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
18 001
total
-
-
-
38 621
Employee
16 386
-
60 718
-
surtax
54
-
2 243
-
pensions
1 093
-
4 050
-
other
-
-
-
-
unemployment
1 141
-
4 226
-
income
2 747
-
15 945
-
health
418
-
1 548
-
total
5 453
-
28 012
-
Employer
16 386
-
60 718
-
pensions
2 184
-
8 094
-
other
-
-
-
-
unemployment
519
-
1 925
-
health
746
-
2 763
-
total
3 449
-
12 782
-
Corporate
53 665
73 500
-
-
income
13 953
19 110
-
-
total
13 953
19 110
-
-
Dividends
39 712
54 390
-
-
withholding
5 957
8 159
-
-
total
5 957
8 159
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 812
27 269
40 794
38 621
After tax
44 688
46 231
32 706
34 879
Living cost
10 934
10 934
10 934
10 934
Free-cash
33 754
35 297
21 772
23 945

Estimated living cost  is ₴10934 per week

₴6686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27357
₴27141
₴28899
₴20635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
4 145
income
-
-
-
19 672
total
-
-
-
23 817
Employee
30 986
-
64 323
-
pensions
2 630
-
5 190
-
income
5 581
-
15 190
-
health
450
-
982
-
total
8 661
-
21 362
-
Employer
30 986
-
64 323
-
pensions
3 354
-
7 955
-
health
589
-
1 222
-
total
3 943
-
9 177
-
Corporate
38 571
73 500
-
-
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.

7 328
13 965
-
-
total
7 328
13 965
-
-
Dividends
31 242
59 535
-
-
withholding
2 343
10 068
-
-
total
2 343
10 068
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 275
24 033
30 539
23 817
After tax
51 225
49 467
42 961
49 683
Living cost
22 326
22 326
22 326
22 326
Free-cash
28 899
27 141
20 635
27 357

Estimated living cost  is ₴22326 per week

₴16726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1673
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.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴20695
-₴5962
₴10969
₴17124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
regional
-
-
-
3 202
city
-
-
-
774
pensions
-
-
-
6 762
health
-
-
-
166
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.

-
-
-
1 470
national
-
-
-
859
total
-
-
-
13 233
Employee
46 310
-
65 786
-
regional
1 516
-
2 745
-
national
219
-
689
-
pensions
3 891
-
5 526
-
unemployment
-
-
-
-
city
497
-
706
-
health
105
-
148
-
total
6 228
-
9 814
-
Employer
46 310
-
65 786
-
pensions
3 891
-
5 526
-
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.

926
-
1 316
-
unemployment
-
-
-
-
health
105
-
148
-
total
4 922
-
6 990
-
Corporate
21 760
73 500
-
-
regional
4 602
15 545
-
-
national
1 850
6 248
-
-
total
6 452
21 793
-
-
Dividends
15 308
51 707
-
-
withholding
5 357
18 097
-
-
total
5 357
18 097
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 959
39 890
16 804
13 233
After tax
50 541
33 610
56 696
60 267
Living cost
39 572
39 572
39 572
39 572
Free-cash
10 969
-5 962
17 124
20 695

Estimated living cost  is ₴39572 per week

₴25733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16403
₴13637
₴21672
₴25058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
trade
-
-
-
8 655
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.

-
-
-
3 385
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.

-
-
-
1 166
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.

-
-
-
21 192
total
-
-
-
34 398
Employee

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

29 779
-
73 500
-
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.

193
-
1 166
-
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.

3 502
-
21 192
-
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.

3 385
-
3 385
-
total
7 080
-
25 743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 721
73 500
-
-
trade
7 498
12 606
-
-
income
6 559
11 025
-
-
chamber of commerce
136
179
-
-
surtax

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

361
606
-
-
total
14 554
24 416
-
-
Dividends
29 168
49 084
-
-
withholding
7 104
12 083
-
-
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.

391
665
-
-
total
7 495
12 748
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 129
37 164
25 743
34 398
After tax
44 371
36 336
47 757
39 102
Living cost
22 699
22 699
22 699
22 699
Free-cash
21 672
13 637
25 058
16 403

Estimated living cost  is ₴22699 per week

₴16578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24691
₴20091
₴23016
₴24978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
14 419
health
-
-
-
2 677
surtax
-
-
-
-
other
-
-
-
2 278
social contributions
-
-
-
2 094
income
-
-
-
10 388
total
-
-
-
31 856
Employee
21 207
-
57 723
-
social contributions
605
-
1 646
-
surtax
-
-
-
-
pensions
2 398
-
3 666
-
income
1 252
-
10 478
-
total
4 255
-
15 790
-
Employer
21 207
-
57 723
-
pensions
3 484
-
6 234
-
social contributions
64
-
173
-
other
732
-
2 104
-
unemployment
858
-
2 338
-
health
1 485
-
4 930
-
total
6 623
-
15 779
-
Corporate
45 671
73 500
-
-
income
12 788
20 580
-
-
surtax
-
-
-
-
total
12 788
20 580
-
-
Dividends
32 883
52 920
-
-
withholding
4 209
6 774
-
-
surtax
-
-
-
-
social contributions
5 656
9 102
-
-
total
9 865
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 531
36 456
31 569
31 856
After tax
39 969
37 044
41 931
41 644
Living cost
16 953
16 953
16 953
16 953
Free-cash
23 016
20 091
24 978
24 691

Estimated living cost  is ₴16953 per week

₴10689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴26371
₴21771
₴24525
₴26658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
14 419
health
-
-
-
2 677
surtax
-
-
-
-
other
-
-
-
2 278
social contributions
-
-
-
2 094
income
-
-
-
10 388
total
-
-
-
31 856
Employee
18 930
-
57 723
-
social contributions
540
-
1 646
-
surtax
-
-
-
-
pensions
2 141
-
3 666
-
income
976
-
10 478
-
total
3 657
-
15 790
-
Employer
18 930
-
57 723
-
pensions
3 111
-
6 234
-
social contributions
56
-
173
-
other
654
-
2 104
-
unemployment
766
-
2 338
-
health
1 325
-
4 930
-
total
5 912
-
15 779
-
Corporate
48 659
73 500
-
-
income
13 624
20 580
-
-
surtax
-
-
-
-
total
13 624
20 580
-
-
Dividends
35 034
52 920
-
-
withholding
4 484
6 774
-
-
surtax
-
-
-
-
social contributions
6 025
9 102
-
-
total
10 509
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 702
36 456
31 569
31 856
After tax
39 798
37 044
41 931
41 644
Living cost
15 273
15 273
15 273
15 273
Free-cash
24 525
21 771
26 658
26 371

Estimated living cost  is ₴15273 per week

₴8858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36695
₴34334
₴34592
₴35584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
health
-
-
-
5 130
social contributions
-
-
-
10 143
income
-
-
-
11 025
total
-
-
-
26 298
Employee
16 800
-
73 500
-
social contributions
2 319
-
10 143
-
income
2 802
-
12 136
-
health
1 173
-
5 130
-
total
6 294
-
27 409
-
Employer
16 800
-
73 500
-
total
-
-
-
-
Corporate
56 700
73 500
-
-
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%.

2 835
3 675
-
-
total
2 835
3 675
-
-
Dividends
53 865
69 825
-
-
withholding
8 080
10 474
-
-
social contributions
7 433
9 636
-
-
health
3 759
4 874
-
-
total
19 272
24 984
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 401
28 659
27 409
26 298
After tax
45 099
44 841
46 091
47 202
Living cost
10 507
10 507
10 507
10 507
Free-cash
34 592
34 334
35 584
36 695

Estimated living cost  is ₴10507 per week

₴7032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴648
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.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20161
₴23340
₴22573
₴1761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
10 709
health
-
-
-
4 428
surtax
-
-
-
98
unemployment
-
-
-
3 039
income
-
-
-
17 312
chamber of commerce
-
-
-
294
total
-
-
-
35 880
Employee
24 763
19 746
56 998
-
pensions
2 536
2 022
5 836
-
other
247
197
570
-
unemployment
743
592
1 709
-
income
2 819
1 457
13 680
-
health
958
764
2 206
-
total
7 303
5 032
24 001
-
Employer
24 763
19 746
56 998
-
payroll
743
592
1 709
-
chamber of commerce
99
79
228
-
pensions
3 108
2 479
7 153
-
surtax
98
98
98
-
other
1 176
937
2 707
-
unemployment
743
592
1 709
-
accident
322
257
741
-
health
936
747
2 154
-
total
7 225
5 781
16 499
-
Corporate
41 514
47 973
55 120
-
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.

10 378
11 994
13 780
-
total
10 378
11 994
13 780
-
Dividends
31 136
35 979
-
-
withholding
8 562
9 894
-
-
total
8 562
9 894
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 468
32 701
54 280
35 880
After tax
40 032
40 799
19 220
37 620
Living cost
17 459
17 459
17 459
17 459
Free-cash
22 573
23 340
1 761
20 161

Estimated living cost  is ₴17459 per week

₴11645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14088
₴23068
₴15636
₴8579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
social contributions
-
-
-
11 495
communal

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

-
-
-
3 720
national
-
-
-
26 131
total
-
-
-
41 346
Employee

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

35 443
-
56 927
-
national
10 897
-
19 871
-
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.

2 658
-
4 270
-
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.

308
-
496
-
communal

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

1 849
-
2 969
-
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.

1 665
-
2 675
-
total
17 377
-
30 281
-
Employer

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

35 443
-
56 927
-
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.

3 141
-
5 044
-
surtax
4 019
-
6 456
-
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.

517
-
831
-
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.

461
-
740
-
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.

2 180
-
3 502
-
total
10 318
-
16 573
-
Corporate
27 740
73 500
-
-
income
5 548
14 700
-
-
surtax
111
294
-
-
total
5 659
14 994
-
-
Dividends
22 081
58 506
-
-
withholding

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

6 444
17 371
-
-
total
6 444
17 371
-
-
Income
73 500
73 500
73 500
73 500
Total tax
39 798
32 365
46 854
41 346
After tax
33 702
41 135
26 646
32 154
Living cost
18 066
18 066
18 066
18 066
Free-cash
15 636
23 068
8 579
14 088

Estimated living cost  is ₴18066 per week

₴11637
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1580
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23507
₴31263
₴27626
₴21390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
12 997
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
414
income
-
-
-
18 319
total
-
-
-
32 098
Employee
24 665
-
58 859
-
pensions
1 159
-
2 159
-
other
24
-
46
-
unemployment
383
-
712
-
income
5 204
-
16 657
-
total
6 770
-
19 574
-
Employer
24 665
-
58 859
-
pensions
5 820
-
10 839
-
other
197
-
368
-
unemployment
1 357
-
2 526
-
accident
488
-
909
-
total
7 862
-
14 642
-
Corporate
40 973
73 500
-
-
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.

6 146
11 025
-
-
total
6 146
11 025
-
-
Dividends
34 828
62 475
-
-
withholding
7 201
13 317
-
-
total
7 201
13 317
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 979
24 342
34 216
32 098
After tax
45 521
49 158
39 284
41 402
Living cost
17 894
17 894
17 894
17 894
Free-cash
27 626
31 263
21 390
23 507

Estimated living cost  is ₴17894 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1269
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10955
₴16827
₴11213
₴13883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
11 017
health
-
-
-
5 164
surtax
-
-
-
3 644
accident
-
-
-
620
communal
-
-
-
4 645
income
-
-
-
10 528
total
-
-
-
35 618
Employee
37 524
-
65 654
-
surtax
2 300
-
4 024
-
pensions
3 001
-
5 253
-
income
3 624
-
12 644
-
health
1 670
-
2 922
-
total
10 595
-
24 843
-
Employer
37 524
-
65 654
-
pensions
3 001
-
5 253
-
accident
338
-
591
-
health
1 144
-
2 003
-
total
4 483
-
7 847
-
Corporate
31 493
73 500
-
-
communal
2 126
4 961
-
-
income
4 724
11 025
-
-
surtax
331
772
-
-
total
7 181
16 758
-
-
Dividends
24 312
56 742
-
-
withholding
3 646
8 512
-
-
income
9 455
4 476
-
-
total
13 101
12 988
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 360
29 746
32 690
35 618
After tax
38 140
43 754
40 810
37 882
Living cost
26 927
26 927
26 927
26 927
Free-cash
11 213
16 827
13 883
10 955

Estimated living cost  is ₴26927 per week

₴20200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23750
₴35102
₴33528
₴21577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
13 226
health
-
-
-
4 695
surtax
-
-
-
2 586
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
18 001
total
-
-
-
38 621
Employee
16 687
-
60 718
-
surtax
59
-
2 243
-
pensions
1 113
-
4 050
-
other
-
-
-
-
unemployment
1 161
-
4 226
-
income
2 797
-
15 945
-
health
426
-
1 548
-
total
5 556
-
28 012
-
Employer
16 687
-
60 718
-
pensions
2 225
-
8 094
-
other
-
-
-
-
unemployment
529
-
1 925
-
health
759
-
2 763
-
total
3 513
-
12 782
-
Corporate
53 300
73 500
-
-
income
13 858
19 110
-
-
total
13 858
19 110
-
-
Dividends
39 442
54 390
-
-
withholding
5 916
8 159
-
-
total
5 916
8 159
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 843
27 269
40 794
38 621
After tax
44 657
46 231
32 706
34 879
Living cost
11 129
11 129
11 129
11 129
Free-cash
33 528
35 102
21 577
23 750

Estimated living cost  is ₴11129 per week

₴6719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22330
₴25285
₴24184
₴18939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
437
regional
-
-
-
1 108
social contributions
-
-
-
18 904
national
-
-
-
17 373
total
-
-
-
37 822
Employee
27 486
-
73 500
-
social contributions
9 269
-
24 784
-
municipal
146
-
389
-
regional
370
-
989
-
national
4 355
-
15 051
-
total
14 140
-
41 213
-
Employer
27 486
-
73 500
-
total
-
-
-
-
Corporate
46 014
73 500
-
-
nationa
11 044
17 640
-
-
municipal
2 287
3 653
-
-
total
13 331
21 293
-
-
Dividends
32 683
52 207
-
-
withholding
8 497
13 574
-
-
total
8 497
13 574
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 968
34 867
41 213
37 822
After tax
37 532
38 633
32 287
35 678
Living cost
13 348
13 348
13 348
13 348
Free-cash
24 184
25 285
18 939
22 330

Estimated living cost  is ₴13348 per week

₴8301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴23803
₴35430
₴30016
₴22123
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
health
-
-
-
9 923
social contributions
-
-
-
17 720
solidarity contribution
-
-
-
-
income
-
-
-
6 879
total
-
-
-
34 522
Employee
22 316
-
54 851
-
social contributions
1 451
-
3 565
-
income
2 678
-
6 582
-
solidarity contribution
-
-
-
-
health
3 013
-
7 405
-
total
7 142
-
17 552
-
Employer
22 316
-
54 851
-
social contributions
5 579
-
13 713
-
health
2 008
-
4 937
-
total
7 587
-
18 650
-
Corporate
43 596
73 500
-
-
income
8 283
13 965
-
-
total
8 283
13 965
-
-
Dividends
35 313
59 535
-
-
withholding
5 297
8 930
-
-
total
5 297
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 309
22 895
36 202
34 522
After tax
45 191
50 605
37 298
38 978
Living cost
15 175
15 175
15 175
15 175
Free-cash
30 016
35 430
22 123
23 803

Estimated living cost  is ₴15175 per week

₴11285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21910
₴25044
₴24798
₴3427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
10 709
health
-
-
-
4 428
surtax
-
-
-
-
unemployment
-
-
-
3 039
income
-
-
-
17 312
chamber of commerce
-
-
-
294
total
-
-
-
35 782
Employee
21 660
19 746
57 074
-
pensions
2 218
2 022
5 844
-
other
216
197
571
-
unemployment
650
592
1 712
-
income
1 929
1 457
13 706
-
health
838
764
2 209
-
total
5 851
5 032
24 042
-
Employer
21 660
19 746
57 074
-
payroll
650
592
1 712
-
chamber of commerce
87
79
228
-
pensions
2 718
2 479
7 163
-
surtax
-
-
-
-
other
1 029
937
2 711
-
unemployment
650
592
1 712
-
accident
281
257
742
-
health
819
747
2 157
-
total
6 234
5 683
16 425
-
Corporate
45 607
48 071
55 193
-
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.

11 402
12 018
13 798
-
total
11 402
12 018
13 798
-
Dividends
34 205
36 053
-
-
withholding
9 407
9 915
-
-
total
9 407
9 915
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 894
32 648
54 265
35 782
After tax
40 606
40 852
19 235
37 718
Living cost
15 808
15 808
15 808
15 808
Free-cash
24 798
25 044
3 427
21 910

Estimated living cost  is ₴15808 per week

₴9483
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
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.
₴4429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66449
₴63509
₴62325
₴52484
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
73 500
microenterprise

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

-
-
-
735
total
-
-
-
735
Employee
7 895
-
73 500
-
income
1 579
-
14 700
-
total
1 579
-
14 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

65 605
73 500
-
-
total
-
-
-
-
Dividends
65 605
73 500
-
-
withholding
3 280
3 675
-
-
total
3 280
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 859
3 675
14 700
735
After tax
68 641
69 825
58 800
72 765
Living cost
6 316
6 316
6 316
6 316
Free-cash
62 325
63 509
52 484
66 449

Estimated living cost  is ₴6316 per week

₴4274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23307
₴37315
₴33171
₴21359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
pensions
-
-
-
13 423
health
-
-
-
7 232
unemployment
-
-
-
110
income
-
-
-
16 138
total
-
-
-
36 903
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.

21 911
-
63 597
-
pensions
3 396
-
9 857
-
unemployment
31
-
89
-
income
3 779
-
14 892
-
health
1 415
-
4 109
-
total
8 621
-
28 947
-
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.

21 911
-
63 597
-
pensions
1 939
-
5 629
-
unemployment
13
-
39
-
health
1 459
-
4 236
-
total
3 411
-
9 904
-
Corporate
48 178
73 500
-
-
income
9 154
13 965
-
-
total
9 154
13 965
-
-
Dividends
39 024
59 535
-
-
withholding
5 853
8 930
-
-
total
5 853
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 039
22 895
38 851
36 903
After tax
46 461
50 605
34 649
36 597
Living cost
13 290
13 290
13 290
13 290
Free-cash
33 171
37 315
21 359
23 307

Estimated living cost  is ₴13290 per week

₴9121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29167
₴23090
-₴1233
₴45280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
social contributions
-
-
-
8 379
income
-
-
-
14 327
total
-
-
-
22 706
Employee
31 009
-
-
-
social contributions
2 543
-
362
-
income
6 840
-
-
-
total
9 383
-
362
-
Employer
31 009
-
-
-
social contributions
43 723
-
6 231
-
total
43 723
-
6 231
-
Corporate
-
73 500
-
-
income
-
16 170
-
-
total
-
16 170
-
-
Dividends
-
57 330
-
-
income
-
12 613
-
-
total
-
12 613
-
-
Income
73 500
73 500
73 500
73 500
Total tax
53 106
28 783
6 593
22 706
After tax
20 394
44 717
66 907
50 794
Living cost
21 627
21 627
21 627
21 627
Free-cash
-1 233
23 090
45 280
29 167

Estimated living cost  is ₴21627 per week

₴14032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
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.
₴5285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24300
₴26265
₴25766
₴19133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
surtax
-
-
-
-
social contributions

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

-
-
-
25 541
income
-
-
-
8 117
total
-
-
-
33 658
Employee
22 789
-
59 394
-
social contributions
2 507
-
6 533
-
surtax
-
-
-
-
income
4 740
-
18 186
-
total
7 247
-
24 719
-
Employer
22 789
-
59 394
-
social contributions
5 412
-
14 106
-
total
5 412
-
14 106
-
Corporate
45 299
73 500
-
-
income
9 513
15 435
-
-
surtax
-
-
-
-
total
9 513
15 435
-
-
Dividends
35 786
58 065
-
-
withholding
10 020
16 258
-
-
total
10 020
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 192
31 693
38 825
33 658
After tax
41 308
41 807
34 675
39 842
Living cost
15 542
15 542
15 542
15 542
Free-cash
25 766
26 265
19 133
24 300

Estimated living cost  is ₴15542 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴917
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.
₴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

Source of data for Lisbon model

Close
Paris , France
₴17712
₴13112
₴16520
₴17999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
14 419
health
-
-
-
2 677
surtax
-
-
-
-
other
-
-
-
2 278
social contributions
-
-
-
2 094
income
-
-
-
10 388
total
-
-
-
31 856
Employee
31 034
-
57 723
-
social contributions
884
-
1 646
-
surtax
-
-
-
-
pensions
3 510
-
3 666
-
income
2 708
-
10 478
-
total
7 102
-
15 790
-
Employer
31 034
-
57 723
-
pensions
5 099
-
6 234
-
social contributions
93
-
173
-
other
1 071
-
2 104
-
unemployment
1 257
-
2 338
-
health
2 172
-
4 930
-
total
9 692
-
15 779
-
Corporate
32 773
73 500
-
-
income
9 176
20 580
-
-
surtax
-
-
-
-
total
9 176
20 580
-
-
Dividends
23 597
52 920
-
-
withholding
3 020
6 774
-
-
surtax
-
-
-
-
social contributions
4 058
9 102
-
-
total
7 078
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 048
36 456
31 569
31 856
After tax
40 452
37 044
41 931
41 644
Living cost
23 932
23 932
23 932
23 932
Free-cash
16 520
13 112
17 999
17 712

Estimated living cost  is ₴23932 per week

₴16197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1958
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39712
₴51256
₴49592
₴41665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
social contributions
-
-
-
16 170
income
-
-
-
2 724
total
-
-
-
18 894
Employee
15 930
-
63 636
-
social contributions
1 035
-
4 136
-
income
-
-
2 941
-
total
1 035
-
7 077
-
Employer
15 930
-
63 636
-
social contributions
2 469
-
9 864
-
total
2 469
-
9 864
-
Corporate
55 101
73 500
-
-
income
5 510
7 350
-
-
total
5 510
7 350
-
-
Dividends
49 591
66 150
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
9 014
7 350
16 941
18 894
After tax
64 486
66 150
56 559
54 606
Living cost
14 894
14 894
14 894
14 894
Free-cash
49 592
51 256
41 665
39 712

Estimated living cost  is ₴14894 per week

₴9631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3861
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20308
-₴34303
-₴34303
-₴34303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
14 905
pensions
-
-
-
429
labour market
-
-
-
5 846
national
-
-
-
8 183
total
-
-
-
29 363
Employee
100 577
100 577
100 577
-
municipal
21 417
21 417
21 417
-
national
12 287
12 287
12 287
-
pensions
143
143
143
-
labour market
8 035
8 035
8 035
-
total
41 882
41 882
41 882
-
Employer
100 577
100 577
100 577
-
labour market
8 046
8 046
8 046
-
pensions
286
286
286
-
municipal
21 451
21 451
21 451
-
national
12 309
12 309
12 309
-
total
42 092
42 092
42 092
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
83 974
83 974
83 974
29 363
After tax
-10 474
-10 474
-10 474
44 137
Living cost
23 829
23 829
23 829
23 829
Free-cash
-34 303
-34 303
-34 303
20 308

Estimated living cost  is ₴23829 per week

₴16309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39402
-₴4944
₴4282
₴28498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
2 092
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
19 700
total
-
-
-
23 201
Employee
17 141
-
65 272
-
pensions
1 930
-
3 835
-
income
2 352
-
14 568
-
health
1 963
-
7 474
-
total
6 245
-
25 877
-
Employer
17 141
-
65 272
-
pensions
2 787
-
5 539
-
unemployment
420
-
1 599
-
accident
286
-
1 090
-
total
3 493
-
8 228
-
Corporate
52 866
73 500
-
-
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.

47 579
66 150
-
-
total
47 579
66 150
-
-
Dividends
5 287
7 350
-
-
withholding
1 004
1 397
-
-
total
1 004
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
58 321
67 547
34 105
23 201
After tax
15 179
5 953
39 395
50 299
Living cost
10 897
10 897
10 897
10 897
Free-cash
4 282
-4 944
28 498
39 402

Estimated living cost  is ₴10897 per week

₴7931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
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.
₴2139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30385
₴27888
₴28806
₴20408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
73 500
municipal
-
-
-
13 064
health
-
-
-
925
national
-
-
-
10 102
total
-
-
-
24 091
Employee
26 069
-
61 833
-
municipal
4 270
-
10 077
-
national
431
-
6 476
-
pensions
1 759
-
4 174
-
unemployment
391
-
927
-
health
195
-
746
-
total
7 046
-
22 400
-
Employer
26 069
-
61 833
-
pensions
4 523
-
10 728
-
unemployment
169
-
402
-
accident
26
-
62
-
health
200
-
476
-
total
4 918
-
11 668
-
Corporate
42 512
73 500
-
-
income
8 502
14 700
-
-
total
8 502
14 700
-
-
Dividends

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

25 507
44 100
-
-
municipal
4 591
7 938
-
-
national
614
3 950
-
-
total
5 205
11 888
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 671
26 588
34 068
24 091
After tax
47 829
46 912
39 432
49 409
Living cost
19 024
19 024
19 024
19 024
Free-cash
28 806
27 888
20 408
30 385

Estimated living cost  is ₴19024 per week

₴12426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4465
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39455
₴42192
₴39495
₴38772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
health
-
-
-
1 874
social contributions
-
-
-
8 017
income
-
-
-
12 682
total
-
-
-
22 573
Employee
38 101
38 101
67 978
-
social contributions
1 441
3 162
4 265
-
income
4 149
3 527
12 313
-
health
295
648
1 156
-
total
5 885
7 337
17 734
-
Employer
38 101
38 101
67 978
-
social contributions
1 441
3 162
4 265
-
health
321
705
1 257
-
total
1 762
3 867
5 522
-
Corporate
54 382
31 531
-
-
income
6 797
3 942
-
-
total
6 797
3 942
-
-
Dividends
47 585
27 589
-
-
withholding
8 089
4 690
-
-
total
8 089
4 690
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 533
19 836
23 256
22 573
After tax
50 967
53 664
50 244
50 927
Living cost
11 472
11 472
11 472
11 472
Free-cash
39 495
42 192
38 772
39 455

Estimated living cost  is ₴11472 per week

₴6875
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.
₴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.
₴3218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53309
₴52998
₴50478
₴43371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
73 500
pensions
-
-
-
3 152
health
-
-
-
1 793
unemployment
-
-
-
14
income
-
-
-
7 365
total
-
-
-
12 324
Employee

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

11 373
-
68 657
-
pensions
1 706
-
7 052
-
unemployment
56
-
235
-
income
778
-
6 136
-
health
967
-
3 996
-
total
3 507
-
17 419
-
Employer

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

11 373
-
68 657
-
pensions
625
-
2 586
-
unemployment
56
-
235
-
health
489
-
2 022
-
total
1 170
-
4 843
-
Corporate
60 956
73 500
-
-
income
5 486
6 615
-
-
total
5 486
6 615
-
-
Dividends
55 470
66 885
-
-
withholding
4 992
6 020
-
-
total
4 992
6 020
-
-
Income
73 500
73 500
73 500
73 500
Total tax
15 155
12 635
22 262
12 324
After tax
58 345
60 865
51 238
61 176
Living cost
7 867
7 867
7 867
7 867
Free-cash
50 478
52 998
43 371
53 309

Estimated living cost  is ₴7867 per week

₴5019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
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.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27776
₴35532
₴33243
₴25658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
12 997
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
414
income
-
-
-
18 319
total
-
-
-
32 098
Employee
18 321
-
58 859
-
pensions
861
-
2 159
-
other
18
-
46
-
unemployment
284
-
712
-
income
3 532
-
16 657
-
total
4 695
-
19 574
-
Employer
18 321
-
58 859
-
pensions
4 324
-
10 839
-
other
147
-
368
-
unemployment
1 008
-
2 526
-
accident
363
-
909
-
total
5 842
-
14 642
-
Corporate
49 337
73 500
-
-
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.

7 400
11 025
-
-
total
7 400
11 025
-
-
Dividends
41 937
62 475
-
-
withholding
8 694
13 317
-
-
total
8 694
13 317
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 631
24 342
34 216
32 098
After tax
46 869
49 158
39 284
41 402
Living cost
13 626
13 626
13 626
13 626
Free-cash
33 243
35 532
25 658
27 776

Estimated living cost  is ₴13626 per week

₴9197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46242
₴44898
₴44738
₴46174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
704
health
-
-
-
511
income
-
-
-
25 077
total
-
-
-
26 292
Employee
1 471
-
72 708
-
pensions
132
-
317
-
unemployment
15
-
35
-
income
285
-
25 040
-
health
74
-
176
-
total
506
-
25 568
-
Employer
1 471
-
72 708
-
pensions
162
-
387
-
unemployment
29
-
70
-
health
140
-
335
-
total
331
-
792
-
Corporate
71 698
73 500
-
-
income
15 774
16 170
-
-
total
15 774
16 170
-
-
Dividends
55 925
57 330
-
-
withholding
11 185
11 466
-
-
total
11 185
11 466
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 796
27 636
26 360
26 292
After tax
45 704
45 864
47 140
47 208
Living cost
966
966
966
966
Free-cash
44 738
44 898
46 174
46 242

Estimated living cost  is ₴966 per week

₴574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34827
₴44553
₴42120
₴34826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
pensions
-
-
-
9 500
health
-
-
-
3 764
unemployment
-
-
-
548
income
-
-
-
16 310
total
-
-
-
30 122
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.

12 894
-
66 959
-
pensions
1 805
-
5 116
-
unemployment
97
-
274
-
income
1 777
-
16 310
-
health
664
-
1 882
-
total
4 343
-
23 582
-
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.

12 894
-
66 959
-
pensions
1 547
-
4 385
-
unemployment
97
-
274
-
health
664
-
1 882
-
total
2 308
-
6 541
-
Corporate
58 298
73 500
-
-
income
8 745
11 025
-
-
total
8 745
11 025
-
-
Dividends
49 553
62 475
-
-
withholding
7 433
9 371
-
-
total
7 433
9 371
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 829
20 396
30 123
30 122
After tax
50 671
53 104
43 377
43 378
Living cost
8 551
8 551
8 551
8 551
Free-cash
42 120
44 553
34 826
34 827

Estimated living cost  is ₴8551 per week

₴5757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Belgrade model

Close
Porto , Portugal
₴26484
₴28449
₴28270
₴21317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
surtax
-
-
-
-
social contributions

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

-
-
-
25 541
income
-
-
-
8 117
total
-
-
-
33 658
Employee
19 231
-
59 394
-
social contributions
2 116
-
6 533
-
surtax
-
-
-
-
income
3 758
-
18 186
-
total
5 874
-
24 719
-
Employer
19 231
-
59 394
-
social contributions
4 567
-
14 106
-
total
4 567
-
14 106
-
Corporate
49 702
73 500
-
-
income
10 437
15 435
-
-
surtax
-
-
-
-
total
10 437
15 435
-
-
Dividends
39 264
58 065
-
-
withholding
10 994
16 258
-
-
total
10 994
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 872
31 693
38 825
33 658
After tax
41 628
41 807
34 675
39 842
Living cost
13 358
13 358
13 358
13 358
Free-cash
28 270
28 449
21 317
26 484

Estimated living cost  is ₴13358 per week

₴9461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
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.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23988
₴31744
₴28275
₴21870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
12 997
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
414
income
-
-
-
18 319
total
-
-
-
32 098
Employee
23 930
-
58 859
-
pensions
1 125
-
2 159
-
other
24
-
46
-
unemployment
370
-
712
-
income
4 998
-
16 657
-
total
6 517
-
19 574
-
Employer
23 930
-
58 859
-
pensions
5 647
-
10 839
-
other
192
-
368
-
unemployment
1 316
-
2 526
-
accident
474
-
909
-
total
7 629
-
14 642
-
Corporate
41 940
73 500
-
-
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.

6 291
11 025
-
-
total
6 291
11 025
-
-
Dividends
35 650
62 475
-
-
withholding
7 374
13 317
-
-
total
7 374
13 317
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 811
24 342
34 216
32 098
After tax
45 689
49 158
39 284
41 402
Living cost
17 414
17 414
17 414
17 414
Free-cash
28 275
31 744
21 870
23 988

Estimated living cost  is ₴17414 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
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.
₴3309
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49324
₴54315
₴51295
₴52058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions

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

-
-
-
2 563
health
-
-
-
1 991
unemployment
-
-
-
69
income
-
-
-
11 025
total
-
-
-
15 648
Employee
11 292
-
70 103
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

991
-
1 520
-
income
1 129
-
7 010
-
health
519
-
797
-
total
2 763
-
9 517
-
Employer
11 292
-
70 103
-
pensions

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

1 244
-
1 908
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
health
779
-
1 195
-
total
2 215
-
3 397
-
Corporate
59 992
73 500
-
-
income
5 999
7 350
-
-
total
5 999
7 350
-
-
Dividends
53 993
66 150
-
-
withholding
2 700
3 307
-
-
total
2 700
3 307
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 677
10 657
12 914
15 648
After tax
59 823
62 843
60 586
57 852
Living cost
8 528
8 528
8 528
8 528
Free-cash
51 295
54 315
52 058
49 324

Estimated living cost  is ₴8528 per week

₴5640
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴488
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.
₴2196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21386
₴18720
₴25201
₴28627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
trade
-
-
-
7 241
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.

-
-
-
3 385
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.

-
-
-
1 166
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.

-
-
-
21 192
total
-
-
-
32 984
Employee

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

24 654
-
73 500
-
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.

112
-
1 166
-
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.

2 027
-
21 192
-
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.

3 385
-
3 385
-
total
5 524
-
25 743
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 846
73 500
-
-
trade
7 009
10 547
-
-
income
7 327
11 025
-
-
chamber of commerce
147
183
-
-
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
606
-
-
total
14 886
22 361
-
-
Dividends
33 960
51 138
-
-
withholding
8 302
12 596
-
-
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.

457
693
-
-
total
8 759
13 289
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 169
35 650
25 743
32 984
After tax
44 331
37 850
47 757
40 516
Living cost
19 130
19 130
19 130
19 130
Free-cash
25 201
18 720
28 627
21 386

Estimated living cost  is ₴19130 per week

₴13196
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2058
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12121
₴23224
₴24318
₴12121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
social contributions
-
-
-
11 943
income
-
-
-
21 210
total
-
-
-
33 153
Employee
38 759
-
73 500
-
social contributions
3 220
-
11 943
-
income
7 314
-
21 210
-
total
10 534
-
33 153
-
Employer
38 759
-
73 500
-
total
-
-
-
-
Corporate
34 741
73 500
-
-
income
4 342
9 188
-
-
total
4 342
9 188
-
-
Dividends
30 399
64 312
-
-
withholding
6 080
12 862
-
-
total
6 080
12 862
-
-
Income
73 500
73 500
73 500
73 500
Total tax
20 956
22 050
33 153
33 153
After tax
52 544
51 450
40 347
40 347
Living cost
28 226
28 226
28 226
28 226
Free-cash
24 318
23 224
12 121
12 121

Estimated living cost  is ₴28226 per week

₴21474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38365
₴27170
₴28903
₴35115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
health

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

-
-
-
3 043
income
-
-
-
14 105
total
-
-
-
17 148
Employee
22 731
-
71 221
-
social contributions
2 277
-
2 279
-
income
2 466
-
15 840
-
total
4 743
-
18 119
-
Employer
22 731
-
71 221
-
social contributions
2 277
-
2 279
-
total
2 277
-
2 279
-
Corporate
48 492
73 500
-
-
income
16 972
25 725
-
-
total
16 972
25 725
-
-
Dividends
31 520
47 775
-
-
social contributions
2 618
2 618
-
-
total
2 618
2 618
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 610
28 343
20 398
17 148
After tax
46 890
45 157
53 102
56 352
Living cost
17 987
17 987
17 987
17 987
Free-cash
28 903
27 170
35 115
38 365

Estimated living cost  is ₴17987 per week

₴11848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
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.
₴4445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31533
₴31317
₴34163
₴24811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
4 145
income
-
-
-
19 672
total
-
-
-
23 817
Employee
24 914
-
64 323
-
pensions
1 902
-
5 190
-
income
4 537
-
15 190
-
health
325
-
982
-
total
6 764
-
21 362
-
Employer
24 914
-
64 323
-
pensions
2 517
-
7 955
-
health
473
-
1 222
-
total
2 990
-
9 177
-
Corporate
45 596
73 500
-
-
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.

8 663
13 965
-
-
total
8 663
13 965
-
-
Dividends
36 933
59 535
-
-
withholding
2 770
10 068
-
-
total
2 770
10 068
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 187
24 033
30 539
23 817
After tax
52 313
49 467
42 961
49 683
Living cost
18 150
18 150
18 150
18 150
Free-cash
34 163
31 317
24 811
31 533

Estimated living cost  is ₴18150 per week

₴12451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴38324
-₴6022
₴4117
₴27420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
pensions
-
-
-
2 092
health
-
-
-
1 096
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
19 700
total
-
-
-
23 201
Employee
18 838
-
65 272
-
pensions
2 121
-
3 835
-
income
2 584
-
14 568
-
health
2 157
-
7 474
-
total
6 862
-
25 877
-
Employer
18 838
-
65 272
-
pensions
3 063
-
5 539
-
unemployment
461
-
1 599
-
accident
315
-
1 090
-
total
3 839
-
8 228
-
Corporate
50 823
73 500
-
-
income

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

45 741
66 150
-
-
total
45 741
66 150
-
-
Dividends
5 082
7 350
-
-
withholding
966
1 397
-
-
total
966
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
57 408
67 547
34 105
23 201
After tax
16 092
5 953
39 395
50 299
Living cost
11 975
11 975
11 975
11 975
Free-cash
4 117
-6 022
27 420
38 324

Estimated living cost  is ₴11975 per week

₴8789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34692
₴55166
₴52852
₴44022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
73 500
pensions
-
-
-
13 524
health insurance
-
-
-
5 439
work injury
-
-
-
367
unemployment
-
-
-
882
income
-
-
-
11 912
total
-
-
-
32 124
Employee

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

10 695
-
73 500
-
pensions
1 968
-
7 281
-
health insurance
791
-
2 928
-
unemployment
128
-
475
-
income
1 069
-
11 912
-
work injury
53
-
198
-
total
4 009
-
22 794
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 805
73 500
-
-
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%.

628
735
-
-
total
628
735
-
-
Dividends
62 177
72 765
-
-
withholding
9 327
10 915
-
-
total
9 327
10 915
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 964
11 650
22 794
32 124
After tax
59 536
61 850
50 706
41 376
Living cost
6 684
6 684
6 684
6 684
Free-cash
52 852
55 166
44 022
34 692

Estimated living cost  is ₴6684 per week

₴4141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴15323
₴18976
₴16723
₴12030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
492
regional
-
-
-
1 669
social contributions
-
-
-
18 904
national
-
-
-
17 373
total
-
-
-
38 438
Employee
41 754
-
73 500
-
social contributions
14 079
-
24 784
-
municipal
249
-
438
-
regional
630
-
1 458
-
national
7 056
-
15 051
-
total
22 014
-
41 731
-
Employer
41 754
-
73 500
-
total
-
-
-
-
Corporate
31 746
73 500
-
-
nationa
7 619
17 640
-
-
municipal
1 530
3 543
-
-
total
9 149
21 183
-
-
Dividends
22 597
52 317
-
-
withholding
5 875
13 602
-
-
total
5 875
13 602
-
-
Income
73 500
73 500
73 500
73 500
Total tax
37 038
34 785
41 731
38 438
After tax
36 462
38 715
31 769
35 062
Living cost
19 739
19 739
19 739
19 739
Free-cash
16 723
18 976
12 030
15 323

Estimated living cost  is ₴19739 per week

₴13866
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.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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