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
₴32401
₴21453
₴24607
₴27168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
20 781
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.

-
-
-
1 143
trade
-
-
-
7 794
total
-
-
-
33 247
Employee

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

19 757
-
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.

30
-
1 143
-
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.

552
-
20 781
-
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.

3 529
-
3 529
-
total
4 111
-
25 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 743
73 500
-
-
chamber of commerce
156
184
-
-
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.

443
607
-
-
trade
8 464
11 577
-
-
income
8 061
11 025
-
-
total
17 124
23 393
-
-
Dividends
36 619
50 108
-
-
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.

493
678
-
-
withholding
8 958
12 330
-
-
total
9 451
13 008
-
-
Income
73 500
73 500
73 500
73 500
Total tax
30 686
36 401
25 453
33 247
After tax
42 814
37 099
48 047
40 253
Living cost
15 646
15 646
15 646
15 646
Free-cash
27 168
21 453
32 401
24 607

Estimated living cost  is ₴15646 per week

₴9842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17075
₴18619
₴16498
₴18165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
790
pensions
-
-
-
8 820
national
-
-
-
12 245
municipal
-
-
-
7 902
total
-
-
-
29 757
Employee
42 234
-
63 540
-
municipal
5 217
-
8 186
-
national
8 084
-
12 686
-
pensions
1 689
-
2 542
-
total
14 990
-
23 414
-
Employer
42 234
-
63 540
-
pensions
3 379
-
5 083
-
social contributions
454
-
683
-
total
3 833
-
5 766
-
Corporate
24 645
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%.

4 929
14 700
-
-
total
4 929
14 700
-
-
Dividends
19 716
58 800
-
-
withholding
4 338
12 936
-
-
total
4 338
12 936
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 090
27 636
29 180
29 757
After tax
45 410
45 864
44 320
43 743
Living cost
27 245
27 245
27 245
27 245
Free-cash
18 165
18 619
17 075
16 498

Estimated living cost  is ₴27245 per week

₴18518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30434
₴48054
₴12456
₴43816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
19 791
income
-
-
-
11 765
surtax
-
-
-
18 742
microenterprise
-
-
-
-
total
-
-
-
50 298
Employee
15 094
-
59 231
-
surtax
-
-
-
-
social contributions

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

1 661
-
6 516
-
income
2 687
-
11 536
-
total
4 348
-
18 052
-
Employer
15 094
-
59 231
-
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.

3 636
-
14 268
-
total
3 636
-
14 268
-
Corporate
54 771
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%.

10 954
14 700
-
-
total
10 954
14 700
-
-
Dividends

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

43 817
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
18 938
14 700
32 320
50 298
After tax
54 562
58 800
41 180
23 202
Living cost
10 746
10 746
10 746
10 746
Free-cash
43 816
48 054
30 434
12 456

Estimated living cost  is ₴10746 per week

₴6856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22384
₴14490
₴20155
₴11327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 370
income
-
-
-
19 284
pensions
-
-
-
6 052
total
-
-
-
31 706
Employee
44 111
44 111
63 901
-
income

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

7 220
7 220
7 456
-
pensions
7 940
6 052
6 052
-
health
6 770
5 759
6 370
-
total
21 930
19 031
19 878
-
Employer
44 111
44 111
63 901
-
unemployment
1 588
1 588
1 973
-
health
3 066
3 066
3 810
-
pensions
3 070
3 070
3 816
-
total
7 724
7 724
9 599
-
Corporate
22 206
21 665
-
-
income
4 441
4 333
-
-
total
4 441
4 333
-
-
Dividends
17 765
17 332
-
-
income
3 775
3 683
-
-
withholding
2 664
2 600
-
-
total
6 439
6 283
-
-
Income
73 500
73 500
73 500
73 500
Total tax
40 534
37 371
29 477
31 706
After tax
32 966
36 129
44 023
41 794
Living cost
21 639
21 639
21 639
21 639
Free-cash
11 327
14 490
22 384
20 155

Estimated living cost  is ₴21639 per week

₴15335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16833
₴18611
₴17414
₴18128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 480
health
-
-
-
2 943
accident
-
-
-
94
pensions
-
-
-
5 098
national
-
-
-
3 061
unemployment
-
-
-
47
municipal
-
-
-
17 843
total
-
-
-
34 566
Employee
30 664
-
58 681
-
municipal
9 144
-
17 499
-
national
-
-
2 830
-
total
9 144
-
20 329
-
Employer
30 664
-
58 681
-
other
3 563
-
5 480
-
unemployment
810
-
1 245
-
health
1 886
-
2 901
-
accident
61
-
94
-
pensions
3 315
-
5 098
-
total
9 635
-
14 818
-
Corporate
33 202
73 500
-
-
income
7 304
16 170
-
-
total
7 304
16 170
-
-
Dividends
25 897
57 330
-
-
withholding
7 769
17 199
-
-
total
7 769
17 199
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 852
33 369
35 147
34 566
After tax
39 648
40 131
38 353
38 934
Living cost
21 520
21 520
21 520
21 520
Free-cash
18 128
18 611
16 833
17 414

Estimated living cost  is ₴21520 per week

₴14262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27755
₴16429
₴19615
₴23687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
20 781
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.

-
-
-
1 143
trade
-
-
-
8 140
total
-
-
-
33 593
Employee

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

26 195
-
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.

124
-
1 143
-
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.

2 251
-
20 781
-
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.

3 529
-
3 529
-
total
5 904
-
25 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 305
73 500
-
-
chamber of commerce
146
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.

390
607
-
-
trade
7 782
12 091
-
-
income
7 096
11 025
-
-
total
15 414
23 906
-
-
Dividends
31 891
49 594
-
-
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.

427
671
-
-
withholding
7 776
12 202
-
-
total
8 203
12 873
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 521
36 779
25 453
33 593
After tax
43 979
36 721
48 047
39 907
Living cost
20 292
20 292
20 292
20 292
Free-cash
23 687
16 429
27 755
19 615

Estimated living cost  is ₴20292 per week

₴13571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2140
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.
₴4278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33665
₴36921
₴34360
₴34781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 357
health
-
-
-
1 874
income
-
-
-
12 155
total
-
-
-
22 386
Employee
39 720
39 720
67 799
-
social contributions
1 930
3 297
4 446
-
income
4 171
3 677
11 781
-
health
395
675
1 153
-
total
6 496
7 649
17 380
-
Employer
39 720
39 720
67 799
-
health
430
735
1 255
-
social contributions
1 930
3 297
4 446
-
total
2 360
4 032
5 701
-
Corporate
47 890
29 749
-
-
income
5 986
3 719
-
-
total
5 986
3 719
-
-
Dividends
41 903
26 030
-
-
withholding
7 123
4 425
-
-
total
7 123
4 425
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 965
19 825
23 081
22 386
After tax
51 535
53 675
50 419
51 114
Living cost
16 754
16 754
16 754
16 754
Free-cash
34 781
36 921
33 665
34 360

Estimated living cost  is ₴16754 per week

₴11453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33132
₴31850
₴41442
₴32049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 145
income
-
-
-
8 985
pensions
-
-
-
7 350
unemployment
-
-
-
1 102
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.

13 678
5 444
61 506
-
income
1 672
666
7 519
-
pensions
1 368
544
6 151
-
health
957
381
4 305
-
unemployment
205
82
923
-
total
4 202
1 673
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.

13 678
5 444
61 506
-
pensions
2 667
1 062
11 994
-
total
2 667
1 062
11 994
-
Corporate
57 154
66 995
-
-
income
5 144
6 030
-
-
total
5 144
6 030
-
-
Dividends
52 010
60 965
-
-
social contributions
10 080
11 826
-
-
withholding
9 882
11 583
-
-
total
19 962
23 409
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 975
32 174
30 892
22 582
After tax
41 525
41 326
42 608
50 918
Living cost
9 476
9 476
9 476
9 476
Free-cash
32 049
31 850
33 132
41 442

Estimated living cost  is ₴9476 per week

₴6466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴775
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29890
₴46324
₴26920
₴43114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 555
income
-
-
-
9 849
pensions
-
-
-
14 700
total
-
-
-
34 104
Employee
14 653
-
54 932
-
income
1 650
-
10 590
-
pensions
293
-
1 099
-
unemployment
234
-
879
-
total
2 177
-
12 568
-
Employer
14 653
-
54 932
-
unemployment
118
-
439
-
health
1 905
-
7 141
-
pensions
2 931
-
10 986
-
total
4 954
-
18 566
-
Corporate
53 893
73 500
-
-
income
10 779
14 700
-
-
total
10 779
14 700
-
-
Dividends
43 115
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
17 910
14 700
31 134
34 104
After tax
55 590
58 800
42 366
39 396
Living cost
12 476
12 476
12 476
12 476
Free-cash
43 114
46 324
29 890
26 920

Estimated living cost  is ₴12476 per week

₴8557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27822
-₴5507
₴38851
₴4195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
19 561
pensions
-
-
-
2 167
total
-
-
-
23 189
Employee
18 026
-
65 080
-
income
2 473
-
14 372
-
pensions
2 030
-
3 974
-
health
2 064
-
7 452
-
total
6 567
-
25 798
-
Employer
18 026
-
65 080
-
unemployment
442
-
1 594
-
accident
301
-
1 087
-
pensions
2 931
-
5 739
-
total
3 674
-
8 420
-
Corporate
51 800
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.

46 620
66 150
-
-
total
46 620
66 150
-
-
Dividends
5 180
7 350
-
-
withholding
984
1 397
-
-
total
984
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
57 845
67 547
34 218
23 189
After tax
15 655
5 953
39 282
50 311
Living cost
11 460
11 460
11 460
11 460
Free-cash
4 195
-5 507
27 822
38 851

Estimated living cost  is ₴11460 per week

₴8399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
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.
₴2187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54566
₴65591
₴68531
₴64797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 292
-
73 500
-
income
1 058
-
14 700
-
total
1 058
-
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%.

68 208
73 500
-
-
total
-
-
-
-
Dividends
68 208
73 500
-
-
withholding
3 411
3 675
-
-
total
3 411
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 469
3 675
14 700
735
After tax
69 031
69 825
58 800
72 765
Living cost
4 234
4 234
4 234
4 234
Free-cash
64 797
65 591
54 566
68 531

Estimated living cost  is ₴4234 per week

₴2624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1142
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28313
₴40236
₴25273
₴36747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3 492
health
-
-
-
3 234
income
-
-
-
10 097
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
total
-
-
-
34 463
Employee
18 755
-
58 705
-
income
3 229
-
11 111
-
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.

1 313
-
4 110
-
health
263
-
821
-
unemployment
187
-
587
-
total
4 992
-
16 629
-
Employer
18 755
-
58 705
-
other
938
-
2 936
-
unemployment
187
-
587
-
health
263
-
821
-
accident
150
-
470
-
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.

3 189
-
9 980
-
total
4 727
-
14 794
-
Corporate
50 018
73 500
-
-
income
10 504
15 435
-
-
total
10 504
15 435
-
-
Dividends
39 514
58 065
-
-
withholding
2 766
4 065
-
-
total
2 766
4 065
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 989
19 500
31 423
34 463
After tax
50 511
54 000
42 077
39 037
Living cost
13 764
13 764
13 764
13 764
Free-cash
36 747
40 236
28 313
25 273

Estimated living cost  is ₴13764 per week

₴9725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8879
₴15557
₴15625
₴13607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
19 190
pensions
-
-
-
4 286
total
-
-
-
23 476
Employee
48 670
-
64 364
-
income
8 773
-
14 691
-
health
802
-
999
-
pensions
4 695
-
5 397
-
total
14 270
-
21 087
-
Employer
48 670
-
64 364
-
health
924
-
1 223
-
pensions
5 747
-
7 912
-
total
6 671
-
9 135
-
Corporate
18 159
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.

3 450
13 965
-
-
total
3 450
13 965
-
-
Dividends
14 709
59 535
-
-
withholding
1 103
9 579
-
-
total
1 103
9 579
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 494
23 544
30 222
23 476
After tax
48 006
49 956
43 278
50 024
Living cost
34 399
34 399
34 399
34 399
Free-cash
13 607
15 557
8 879
15 625

Estimated living cost  is ₴34399 per week

₴25776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4042
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.
₴4302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴53753
₴56165
₴51047
₴53800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 046
income
-
-
-
11 025
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
15 775
Employee
8 843
-
70 009
-
income
884
-
7 001
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

776
-
1 562
-
health
407
-
818
-
total
2 164
-
9 577
-
Employer
8 843
-
70 009
-
unemployment
53
-
107
-
health
610
-
1 228
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

975
-
1 961
-
total
1 735
-
3 492
-
Corporate
62 922
73 500
-
-
income
6 292
7 350
-
-
total
6 292
7 350
-
-
Dividends
56 630
66 150
-
-
withholding
2 831
3 307
-
-
total
2 831
3 307
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 022
10 657
13 069
15 775
After tax
60 478
62 843
60 431
57 725
Living cost
6 678
6 678
6 678
6 678
Free-cash
53 800
56 165
53 753
51 047

Estimated living cost  is ₴6678 per week

₴3899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15380
₴7486
₴13151
₴8785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 370
income
-
-
-
19 284
pensions
-
-
-
6 052
total
-
-
-
31 706
Employee
47 890
44 111
63 901
-
income

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

7 220
7 220
7 456
-
pensions
6 052
6 052
6 052
-
health
5 975
5 759
6 370
-
total
19 247
19 031
19 878
-
Employer
47 890
44 111
63 901
-
unemployment
1 724
1 588
1 973
-
health
3 328
3 066
3 810
-
pensions
3 333
3 070
3 816
-
total
8 385
7 724
9 599
-
Corporate
17 225
21 665
-
-
income
3 445
4 333
-
-
total
3 445
4 333
-
-
Dividends
13 781
17 332
-
-
income
2 928
3 683
-
-
withholding
2 067
2 600
-
-
total
4 995
6 283
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 072
37 371
29 477
31 706
After tax
37 428
36 129
44 023
41 794
Living cost
28 643
28 643
28 643
28 643
Free-cash
8 785
7 486
15 380
13 151

Estimated living cost  is ₴28643 per week

₴21129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2558
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.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24526
₴37833
₴25647
₴33277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 378
health
-
-
-
9 923
income
-
-
-
6 780
solidarity contribution
-
-
-
-
total
-
-
-
35 081
Employee
18 782
-
54 851
-
social contributions
1 221
-
3 565
-
solidarity contribution
-
-
-
-
income
2 254
-
6 582
-
health
2 536
-
7 405
-
total
6 011
-
17 552
-
Employer
18 782
-
54 851
-
health
1 690
-
4 937
-
social contributions
4 695
-
13 713
-
total
6 385
-
18 650
-
Corporate
48 332
73 500
-
-
income
9 183
13 965
-
-
total
9 183
13 965
-
-
Dividends
39 149
59 535
-
-
withholding
5 872
8 930
-
-
total
5 872
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 451
22 895
36 202
35 081
After tax
46 049
50 605
37 298
38 419
Living cost
12 772
12 772
12 772
12 772
Free-cash
33 277
37 833
24 526
25 647

Estimated living cost  is ₴12772 per week

₴8871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴10878
₴17420
₴14354
₴14722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 904
national
-
-
-
17 160
regional
-
-
-
849
municipal
-
-
-
437
total
-
-
-
37 350
Employee
45 907
-
73 500
-
social contributions
15 480
-
24 784
-
municipal
243
-
390
-
national
7 955
-
14 904
-
regional
433
-
748
-
total
24 111
-
40 826
-
Employer
45 907
-
73 500
-
total
-
-
-
-
Corporate
27 593
73 500
-
-
nationa
6 622
17 640
-
-
municipal
1 076
2 866
-
-
total
7 698
20 506
-
-
Dividends
19 894
52 993
-
-
withholding
5 173
13 778
-
-
total
5 173
13 778
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 982
34 284
40 826
37 350
After tax
36 518
39 216
32 674
36 150
Living cost
21 796
21 796
21 796
21 796
Free-cash
14 722
17 420
10 878
14 354

Estimated living cost  is ₴21796 per week

₴15194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21671
₴34833
₴23480
₴33226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 894
income
-
-
-
17 361
pensions
-
-
-
13 788
surtax
-
-
-
2 461
unemployment
-
-
-
118
total
-
-
-
38 622
Employee
17 082
-
60 718
-
surtax
56
-
2 176
-
income
2 863
-
15 648
-
other
-
-
-
-
pensions
1 139
-
4 050
-
health
436
-
1 549
-
unemployment
1 189
-
4 226
-
total
5 683
-
27 649
-
Employer
17 082
-
60 718
-
other
-
-
-
-
unemployment
541
-
1 925
-
health
777
-
2 763
-
pensions
2 277
-
8 094
-
total
3 595
-
12 782
-
Corporate
52 823
73 500
-
-
income
13 734
19 110
-
-
total
13 734
19 110
-
-
Dividends
39 089
54 390
-
-
withholding
5 864
8 159
-
-
total
5 864
8 159
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 876
27 269
40 431
38 622
After tax
44 624
46 231
33 069
34 878
Living cost
11 398
11 398
11 398
11 398
Free-cash
33 226
34 833
21 671
23 480

Estimated living cost  is ₴11398 per week

₴6969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1052
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.
₴3114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19777
₴26455
₴26523
₴27521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
19 190
pensions
-
-
-
4 286
total
-
-
-
23 476
Employee
32 617
-
64 364
-
income
5 875
-
14 691
-
health
473
-
999
-
pensions
2 768
-
5 397
-
total
9 116
-
21 087
-
Employer
32 617
-
64 364
-
health
620
-
1 223
-
pensions
3 531
-
7 912
-
total
4 151
-
9 135
-
Corporate
36 732
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.

6 979
13 965
-
-
total
6 979
13 965
-
-
Dividends
29 753
59 535
-
-
withholding
2 232
9 579
-
-
total
2 232
9 579
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 478
23 544
30 222
23 476
After tax
51 022
49 956
43 278
50 024
Living cost
23 501
23 501
23 501
23 501
Free-cash
27 521
26 455
19 777
26 523

Estimated living cost  is ₴23501 per week

₴17607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15133
-₴8111
₴18715
₴9741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
165
pensions
-
-
-
6 761
city
-
-
-
775
national
-
-
-
801
regional
-
-
-
3 093
total
-
-
-
13 065
Employee
48 823
-
65 786
-
national
231
-
631
-
city
524
-
707
-
pensions
4 102
-
5 527
-
health
110
-
148
-
regional
1 599
-
2 643
-
unemployment
-
-
-
-
total
6 566
-
9 656
-
Employer
48 823
-
65 786
-
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.

976
-
1 316
-
unemployment
-
-
-
-
health
110
-
148
-
pensions
4 102
-
5 527
-
total
5 188
-
6 991
-
Corporate
18 952
73 500
-
-
regional
4 009
15 546
-
-
national
1 610
6 248
-
-
total
5 619
21 794
-
-
Dividends
13 333
51 706
-
-
withholding
4 666
18 097
-
-
total
4 666
18 097
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 039
39 891
16 647
13 065
After tax
51 461
33 609
56 853
60 435
Living cost
41 720
41 720
41 720
41 720
Free-cash
9 741
-8 111
15 133
18 715

Estimated living cost  is ₴41720 per week

₴27130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24384
₴12680
₴15897
₴21058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
20 781
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.

-
-
-
1 143
trade
-
-
-
8 487
total
-
-
-
33 940
Employee

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

31 043
-
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.

201
-
1 143
-
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.

3 650
-
20 781
-
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.

3 529
-
3 529
-
total
7 380
-
25 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 457
73 500
-
-
chamber of commerce
138
182
-
-
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.

350
607
-
-
trade
7 281
12 605
-
-
income
6 369
11 025
-
-
total
14 138
24 419
-
-
Dividends
28 319
49 081
-
-
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.

378
664
-
-
withholding
6 883
12 074
-
-
total
7 261
12 738
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 779
37 157
25 453
33 940
After tax
44 721
36 343
48 047
39 560
Living cost
23 663
23 663
23 663
23 663
Free-cash
21 058
12 680
24 384
15 897

Estimated living cost  is ₴23663 per week

₴17283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24676
₴19372
₴24031
₴22421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 278
social contributions
-
-
-
2 094
health
-
-
-
2 561
income
-
-
-
10 090
pensions
-
-
-
14 773
surtax
-
-
-
-
total
-
-
-
31 796
Employee
22 107
-
57 929
-
surtax
-
-
-
-
social contributions
630
-
1 651
-
income
1 305
-
10 334
-
pensions
2 500
-
3 595
-
total
4 435
-
15 580
-
Employer
22 107
-
57 929
-
other
763
-
2 075
-
unemployment
895
-
2 346
-
health
1 548
-
4 847
-
pensions
3 632
-
6 129
-
social contributions
67
-
174
-
total
6 905
-
15 571
-
Corporate
44 489
73 500
-
-
surtax
-
-
-
-
income
12 457
20 580
-
-
total
12 457
20 580
-
-
Dividends
32 032
52 920
-
-
social contributions
5 509
9 102
-
-
surtax
-
-
-
-
withholding
4 100
6 773
-
-
total
9 609
15 875
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 406
36 455
31 151
31 796
After tax
40 094
37 045
42 349
41 704
Living cost
17 673
17 673
17 673
17 673
Free-cash
22 421
19 372
24 676
24 031

Estimated living cost  is ₴17673 per week

₴11143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26427
₴21123
₴25782
₴23991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 278
social contributions
-
-
-
2 094
health
-
-
-
2 561
income
-
-
-
10 090
pensions
-
-
-
14 773
surtax
-
-
-
-
total
-
-
-
31 796
Employee
19 734
-
57 929
-
surtax
-
-
-
-
social contributions
563
-
1 651
-
income
1 017
-
10 334
-
pensions
2 232
-
3 595
-
total
3 812
-
15 580
-
Employer
19 734
-
57 929
-
other
681
-
2 075
-
unemployment
799
-
2 346
-
health
1 381
-
4 847
-
pensions
3 243
-
6 129
-
social contributions
59
-
174
-
total
6 163
-
15 571
-
Corporate
47 603
73 500
-
-
surtax
-
-
-
-
income
13 329
20 580
-
-
total
13 329
20 580
-
-
Dividends
34 274
52 920
-
-
social contributions
5 895
9 102
-
-
surtax
-
-
-
-
withholding
4 388
6 773
-
-
total
10 283
15 875
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 587
36 455
31 151
31 796
After tax
39 913
37 045
42 349
41 704
Living cost
15 922
15 922
15 922
15 922
Free-cash
23 991
21 123
26 427
25 782

Estimated living cost  is ₴15922 per week

₴9234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35246
₴33888
₴36248
₴34157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 143
health
-
-
-
5 131
income
-
-
-
11 025
total
-
-
-
26 299
Employee
17 514
-
73 500
-
social contributions
2 417
-
10 143
-
income
2 921
-
12 027
-
health
1 222
-
5 131
-
total
6 560
-
27 301
-
Employer
17 514
-
73 500
-
total
-
-
-
-
Corporate
55 986
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%.

2 800
3 675
-
-
total
2 800
3 675
-
-
Dividends
53 187
69 825
-
-
social contributions
7 340
9 636
-
-
withholding
7 978
10 474
-
-
health
3 712
4 874
-
-
total
19 030
24 984
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 390
28 659
27 301
26 299
After tax
45 110
44 841
46 199
47 201
Living cost
10 953
10 953
10 953
10 953
Free-cash
34 157
33 888
35 246
36 248

Estimated living cost  is ₴10953 per week

₴7330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
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.
₴2695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1285
₴22632
₴19218
₴21835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 616
income
-
-
-
16 737
chamber of commerce
-
-
-
294
pensions
-
-
-
11 164
surtax
-
-
-
102
unemployment
-
-
-
3 168
total
-
-
-
36 081
Employee
25 814
20 585
56 995
-
income
2 939
1 518
13 427
-
other
258
206
570
-
pensions
2 644
2 108
5 836
-
health
999
797
2 206
-
unemployment
774
618
1 710
-
total
7 614
5 247
23 749
-
Employer
25 814
20 585
56 995
-
other
1 226
977
2 707
-
unemployment
774
618
1 710
-
health
975
778
2 155
-
surtax
102
102
102
-
accident
335
268
741
-
pensions
3 240
2 584
7 153
-
payroll
774
618
1 710
-
chamber of commerce
103
82
228
-
total
7 529
6 027
16 506
-
Corporate
40 155
46 889
55 034
-
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.

10 039
11 722
13 759
-
total
10 039
11 722
13 759
-
Dividends
30 117
35 167
-
-
withholding
8 282
9 671
-
-
total
8 282
9 671
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 464
32 667
54 014
36 081
After tax
40 036
40 833
19 486
37 419
Living cost
18 201
18 201
18 201
18 201
Free-cash
21 835
22 632
1 285
19 218

Estimated living cost  is ₴18201 per week

₴12139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8020
₴22308
₴13506
₴14561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 542
communal

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

-
-
-
3 717
national
-
-
-
25 901
total
-
-
-
41 160
Employee

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

36 949
-
56 927
-
national
11 359
-
19 665
-
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.

2 771
-
4 270
-
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.

1 736
-
2 676
-
communal

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

1 927
-
2 969
-
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.

322
-
495
-
total
18 115
-
30 075
-
Employer

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

36 949
-
56 927
-
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.

539
-
831
-
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.

2 272
-
3 501
-
surtax
4 190
-
6 456
-
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.

480
-
740
-
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.

3 274
-
5 043
-
total
10 755
-
16 571
-
Corporate
25 796
73 500
-
-
surtax
103
294
-
-
income
5 159
14 700
-
-
total
5 262
14 994
-
-
Dividends
20 534
58 506
-
-
withholding

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

5 973
17 364
-
-
total
5 973
17 364
-
-
Income
73 500
73 500
73 500
73 500
Total tax
40 105
32 358
46 646
41 160
After tax
33 395
41 142
26 854
32 340
Living cost
18 834
18 834
18 834
18 834
Free-cash
14 561
22 308
8 020
13 506

Estimated living cost  is ₴18834 per week

₴12131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
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.
₴4761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20332
₴30549
₴22789
₴26702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
431
income
-
-
-
17 693
pensions
-
-
-
13 549
unemployment
-
-
-
335
total
-
-
-
32 056
Employee
25 712
-
58 237
-
income
5 425
-
16 209
-
other
25
-
48
-
pensions
1 209
-
2 251
-
unemployment
399
-
742
-
total
7 058
-
19 250
-
Employer
25 712
-
58 237
-
other
205
-
383
-
unemployment
1 414
-
2 633
-
accident
509
-
948
-
pensions
6 068
-
11 299
-
total
8 196
-
15 263
-
Corporate
39 592
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.

5 939
11 025
-
-
total
5 939
11 025
-
-
Dividends
33 653
62 475
-
-
withholding
6 950
13 271
-
-
total
6 950
13 271
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 143
24 296
34 513
32 056
After tax
45 357
49 204
38 987
41 444
Living cost
18 654
18 654
18 654
18 654
Free-cash
26 702
30 549
20 332
22 789

Estimated living cost  is ₴18654 per week

₴13737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13157
₴15845
₴10225
₴10191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 164
accident
-
-
-
620
income
-
-
-
10 114
pensions
-
-
-
11 017
communal
-
-
-
4 645
surtax
-
-
-
3 644
total
-
-
-
35 204
Employee
39 117
-
65 655
-
surtax
2 398
-
4 024
-
income
3 778
-
12 230
-
pensions
3 129
-
5 252
-
health
1 741
-
2 921
-
total
11 046
-
24 427
-
Employer
39 117
-
65 655
-
health
1 193
-
2 002
-
accident
352
-
591
-
pensions
3 129
-
5 252
-
total
4 674
-
7 845
-
Corporate
29 709
73 500
-
-
surtax
312
771
-
-
income
4 456
11 025
-
-
communal
2 006
4 961
-
-
total
6 774
16 757
-
-
Dividends
22 936
56 743
-
-
income
9 303
4 316
-
-
withholding
3 441
8 511
-
-
total
12 744
12 827
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 238
29 584
32 272
35 204
After tax
38 262
43 916
41 228
38 296
Living cost
28 071
28 071
28 071
28 071
Free-cash
10 191
15 845
13 157
10 225

Estimated living cost  is ₴28071 per week

₴21057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5015
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21467
₴34629
₴23276
₴32986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 894
income
-
-
-
17 361
pensions
-
-
-
13 788
surtax
-
-
-
2 461
unemployment
-
-
-
118
total
-
-
-
38 622
Employee
17 395
-
60 718
-
surtax
62
-
2 176
-
income
2 916
-
15 648
-
other
-
-
-
-
pensions
1 161
-
4 050
-
health
444
-
1 549
-
unemployment
1 211
-
4 226
-
total
5 794
-
27 649
-
Employer
17 395
-
60 718
-
other
-
-
-
-
unemployment
552
-
1 925
-
health
791
-
2 763
-
pensions
2 319
-
8 094
-
total
3 662
-
12 782
-
Corporate
52 443
73 500
-
-
income
13 635
19 110
-
-
total
13 635
19 110
-
-
Dividends
38 807
54 390
-
-
withholding
5 821
8 159
-
-
total
5 821
8 159
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 912
27 269
40 431
38 622
After tax
44 588
46 231
33 069
34 878
Living cost
11 602
11 602
11 602
11 602
Free-cash
32 986
34 629
21 467
23 276

Estimated living cost  is ₴11602 per week

₴7005
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.
₴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.
₴3320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18519
₴24719
₴21976
₴23572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 904
national
-
-
-
17 160
regional
-
-
-
1 108
municipal
-
-
-
437
total
-
-
-
37 609
Employee
28 653
-
73 500
-
social contributions
9 662
-
24 784
-
municipal
152
-
390
-
national
4 539
-
14 904
-
regional
386
-
988
-
total
14 739
-
41 066
-
Employer
28 653
-
73 500
-
total
-
-
-
-
Corporate
44 847
73 500
-
-
nationa
10 763
17 640
-
-
municipal
2 229
3 653
-
-
total
12 992
21 293
-
-
Dividends
31 855
52 206
-
-
withholding
8 282
13 573
-
-
total
8 282
13 573
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 013
34 866
41 066
37 609
After tax
37 487
38 634
32 434
35 891
Living cost
13 915
13 915
13 915
13 915
Free-cash
23 572
24 719
18 519
21 976

Estimated living cost  is ₴13915 per week

₴8654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21560
₴34867
₴22681
₴29254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 378
health
-
-
-
9 923
income
-
-
-
6 780
solidarity contribution
-
-
-
-
total
-
-
-
35 081
Employee
23 144
-
54 851
-
social contributions
1 504
-
3 565
-
solidarity contribution
-
-
-
-
income
2 777
-
6 582
-
health
3 124
-
7 405
-
total
7 405
-
17 552
-
Employer
23 144
-
54 851
-
health
2 083
-
4 937
-
social contributions
5 786
-
13 713
-
total
7 869
-
18 650
-
Corporate
42 487
73 500
-
-
income
8 072
13 965
-
-
total
8 072
13 965
-
-
Dividends
34 414
59 535
-
-
withholding
5 162
8 930
-
-
total
5 162
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 508
22 895
36 202
35 081
After tax
44 992
50 605
37 298
38 419
Living cost
15 738
15 738
15 738
15 738
Free-cash
29 254
34 867
21 560
22 681

Estimated living cost  is ₴15738 per week

₴11704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3028
₴24409
₴21041
₴24157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 616
income
-
-
-
16 737
chamber of commerce
-
-
-
294
pensions
-
-
-
11 164
surtax
-
-
-
-
unemployment
-
-
-
3 168
total
-
-
-
35 979
Employee
22 580
20 585
57 073
-
income
2 011
1 518
13 455
-
other
225
206
570
-
pensions
2 312
2 108
5 844
-
health
873
797
2 208
-
unemployment
677
618
1 712
-
total
6 098
5 247
23 789
-
Employer
22 580
20 585
57 073
-
other
1 072
977
2 711
-
unemployment
677
618
1 712
-
health
854
778
2 157
-
surtax
-
-
-
-
accident
293
268
742
-
pensions
2 834
2 584
7 163
-
payroll
677
618
1 712
-
chamber of commerce
90
82
228
-
total
6 497
5 925
16 425
-
Corporate
44 422
46 991
55 113
-
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.

11 106
11 747
13 778
-
total
11 106
11 747
13 778
-
Dividends
33 316
35 243
-
-
withholding
9 162
9 692
-
-
total
9 162
9 692
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 863
32 611
53 992
35 979
After tax
40 637
40 889
19 508
37 521
Living cost
16 480
16 480
16 480
16 480
Free-cash
24 157
24 409
3 028
21 041

Estimated living cost  is ₴16480 per week

₴9886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52203
₴63228
₴66168
₴61991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 247
-
73 500
-
income
1 649
-
14 700
-
total
1 649
-
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%.

65 253
73 500
-
-
total
-
-
-
-
Dividends
65 253
73 500
-
-
withholding
3 263
3 675
-
-
total
3 263
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 912
3 675
14 700
735
After tax
68 588
69 825
58 800
72 765
Living cost
6 597
6 597
6 597
6 597
Free-cash
61 991
63 228
52 203
66 168

Estimated living cost  is ₴6597 per week

₴4464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴277
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20984
₴36750
₴22931
₴32429
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 232
income
-
-
-
15 949
pensions
-
-
-
13 423
unemployment
-
-
-
110
total
-
-
-
36 714
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.

22 842
-
63 598
-
income
3 939
-
14 704
-
pensions
3 541
-
9 857
-
health
1 475
-
4 108
-
unemployment
32
-
89
-
total
8 987
-
28 758
-
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.

22 842
-
63 598
-
unemployment
14
-
38
-
health
1 521
-
4 236
-
pensions
2 021
-
5 629
-
total
3 556
-
9 903
-
Corporate
47 102
73 500
-
-
income
8 950
13 965
-
-
total
8 950
13 965
-
-
Dividends
38 153
59 535
-
-
withholding
5 723
8 930
-
-
total
5 723
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 216
22 895
38 661
36 714
After tax
46 284
50 605
34 839
36 786
Living cost
13 855
13 855
13 855
13 855
Free-cash
32 429
36 750
20 984
22 931

Estimated living cost  is ₴13855 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43102
₴21421
₴27498
-₴7001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 403
-
-
-
social contributions
2 739
-
390
-
income
7 368
-
-
-
total
10 107
-
390
-
Employer
33 403
-
-
-
social contributions
47 098
-
6 712
-
total
47 098
-
6 712
-
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
57 205
28 783
7 102
22 706
After tax
16 295
44 717
66 398
50 794
Living cost
23 296
23 296
23 296
23 296
Free-cash
-7 001
21 421
43 102
27 498

Estimated living cost  is ₴23296 per week

₴15115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18711
₴25605
₴23759
₴25085
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
25 541
income
-
-
-
7 998
surtax
-
-
-
-
total
-
-
-
33 539
Employee
23 757
-
59 393
-
surtax
-
-
-
-
social contributions
2 613
-
6 533
-
income
4 942
-
17 948
-
total
7 555
-
24 481
-
Employer
23 757
-
59 393
-
social contributions
5 642
-
14 106
-
total
5 642
-
14 106
-
Corporate
44 101
73 500
-
-
surtax
-
-
-
-
income
9 261
15 435
-
-
total
9 261
15 435
-
-
Dividends
34 840
58 065
-
-
withholding
9 755
16 258
-
-
total
9 755
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 213
31 693
38 587
33 539
After tax
41 287
41 807
34 913
39 961
Living cost
16 202
16 202
16 202
16 202
Free-cash
25 085
25 605
18 711
23 759

Estimated living cost  is ₴16202 per week

₴12123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17401
₴12097
₴16756
₴15647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 278
social contributions
-
-
-
2 094
health
-
-
-
2 561
income
-
-
-
10 090
pensions
-
-
-
14 773
surtax
-
-
-
-
total
-
-
-
31 796
Employee
32 352
-
57 929
-
surtax
-
-
-
-
social contributions
921
-
1 651
-
income
2 823
-
10 334
-
pensions
3 659
-
3 595
-
total
7 403
-
15 580
-
Employer
32 352
-
57 929
-
other
1 116
-
2 075
-
unemployment
1 311
-
2 346
-
health
2 264
-
4 847
-
pensions
5 316
-
6 129
-
social contributions
97
-
174
-
total
10 104
-
15 571
-
Corporate
31 044
73 500
-
-
surtax
-
-
-
-
income
8 693
20 580
-
-
total
8 693
20 580
-
-
Dividends
22 351
52 920
-
-
social contributions
3 844
9 102
-
-
surtax
-
-
-
-
withholding
2 861
6 773
-
-
total
6 705
15 875
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 905
36 455
31 151
31 796
After tax
40 595
37 045
42 349
41 704
Living cost
24 948
24 948
24 948
24 948
Free-cash
15 647
12 097
17 401
16 756

Estimated living cost  is ₴24948 per week

₴16885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41160
₴50623
₴39206
₴48889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
2 597
social contributions
-
-
-
16 170
total
-
-
-
18 767
Employee
16 606
-
63 637
-
income
-
-
2 813
-
social contributions
1 079
-
4 137
-
total
1 079
-
6 950
-
Employer
16 606
-
63 637
-
social contributions
2 574
-
9 863
-
total
2 574
-
9 863
-
Corporate
54 320
73 500
-
-
income
5 431
7 350
-
-
total
5 431
7 350
-
-
Dividends
48 888
66 150
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
9 084
7 350
16 813
18 767
After tax
64 416
66 150
56 687
54 733
Living cost
15 527
15 527
15 527
15 527
Free-cash
48 889
50 623
41 160
39 206

Estimated living cost  is ₴15527 per week

₴10040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴38883
-₴38883
₴19511
-₴38883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
5 844
pensions
-
-
-
447
national
-
-
-
8 062
municipal
-
-
-
14 795
total
-
-
-
29 148
Employee
104 849
104 849
104 849
-
labour market
8 376
8 376
8 376
-
municipal
22 327
22 327
22 327
-
national
12 809
12 809
12 809
-
pensions
149
149
149
-
total
43 661
43 661
43 661
-
Employer
104 849
104 849
104 849
-
national
12 832
12 832
12 832
-
labour market
8 388
8 388
8 388
-
pensions
298
298
298
-
municipal
22 363
22 363
22 363
-
total
43 881
43 881
43 881
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
87 542
87 542
87 542
29 148
After tax
-14 042
-14 042
-14 042
44 352
Living cost
24 841
24 841
24 841
24 841
Free-cash
-38 883
-38 883
-38 883
19 511

Estimated living cost  is ₴24841 per week

₴17002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2197
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27992
-₴5337
₴39021
₴4221
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
19 561
pensions
-
-
-
2 167
total
-
-
-
23 189
Employee
17 761
-
65 080
-
income
2 437
-
14 372
-
pensions
2 000
-
3 974
-
health
2 034
-
7 452
-
total
6 471
-
25 798
-
Employer
17 761
-
65 080
-
unemployment
435
-
1 594
-
accident
297
-
1 087
-
pensions
2 888
-
5 739
-
total
3 620
-
8 420
-
Corporate
52 120
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.

46 908
66 150
-
-
total
46 908
66 150
-
-
Dividends
5 212
7 350
-
-
withholding
990
1 397
-
-
total
990
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
57 989
67 547
34 218
23 189
After tax
15 511
5 953
39 282
50 311
Living cost
11 290
11 290
11 290
11 290
Free-cash
4 221
-5 337
27 992
39 021

Estimated living cost  is ₴11290 per week

₴8218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
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.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19838
₴27311
₴29915
₴28061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
917
national
-
-
-
9 772
municipal
-
-
-
13 065
total
-
-
-
23 754
Employee
27 176
-
61 832
-
municipal
4 451
-
10 079
-
national
449
-
6 247
-
pensions
1 834
-
4 174
-
health
203
-
736
-
unemployment
408
-
927
-
total
7 345
-
22 163
-
Employer
27 176
-
61 832
-
unemployment
176
-
402
-
health
209
-
476
-
accident
27
-
62
-
pensions
4 715
-
10 728
-
total
5 127
-
11 668
-
Corporate
41 196
73 500
-
-
income
8 239
14 700
-
-
total
8 239
14 700
-
-
Dividends

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

24 718
44 100
-
-
national
448
3 720
-
-
municipal
4 449
7 938
-
-
total
4 897
11 658
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 608
26 358
33 831
23 754
After tax
47 892
47 142
39 669
49 746
Living cost
19 831
19 831
19 831
19 831
Free-cash
28 061
27 311
19 838
29 915

Estimated living cost  is ₴19831 per week

₴12954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38460
₴41716
₴39155
₴38906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 357
health
-
-
-
1 874
income
-
-
-
12 155
total
-
-
-
22 386
Employee
39 720
39 720
67 799
-
social contributions
1 502
3 297
4 446
-
income
4 325
3 677
11 781
-
health
308
675
1 153
-
total
6 135
7 649
17 380
-
Employer
39 720
39 720
67 799
-
health
334
735
1 255
-
social contributions
1 502
3 297
4 446
-
total
1 836
4 032
5 701
-
Corporate
53 570
29 749
-
-
income
6 696
3 719
-
-
total
6 696
3 719
-
-
Dividends
46 874
26 030
-
-
withholding
7 968
4 425
-
-
total
7 968
4 425
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 635
19 825
23 081
22 386
After tax
50 865
53 675
50 419
51 114
Living cost
11 959
11 959
11 959
11 959
Free-cash
38 906
41 716
38 460
39 155

Estimated living cost  is ₴11959 per week

₴7167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42434
₴52664
₴52795
₴50036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 869
income
-
-
-
7 334
pensions
-
-
-
3 286
unemployment
-
-
-
15
total
-
-
-
12 504
Employee

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

11 856
-
68 452
-
income
811
-
6 053
-
pensions
1 778
-
7 352
-
health
1 008
-
4 166
-
unemployment
59
-
245
-
total
3 656
-
17 816
-
Employer

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

11 856
-
68 452
-
unemployment
59
-
245
-
health
510
-
2 108
-
pensions
652
-
2 696
-
total
1 221
-
5 049
-
Corporate
60 423
73 500
-
-
income
5 438
6 615
-
-
total
5 438
6 615
-
-
Dividends
54 985
66 885
-
-
withholding
4 948
6 020
-
-
total
4 948
6 020
-
-
Income
73 500
73 500
73 500
73 500
Total tax
15 263
12 635
22 865
12 504
After tax
58 237
60 865
50 635
60 996
Living cost
8 201
8 201
8 201
8 201
Free-cash
50 036
52 664
42 434
52 795

Estimated living cost  is ₴8201 per week

₴5232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24783
₴35000
₴27240
₴32559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
431
income
-
-
-
17 693
pensions
-
-
-
13 549
unemployment
-
-
-
335
total
-
-
-
32 056
Employee
19 100
-
58 237
-
income
3 682
-
16 209
-
other
19
-
48
-
pensions
898
-
2 251
-
unemployment
296
-
742
-
total
4 895
-
19 250
-
Employer
19 100
-
58 237
-
other
153
-
383
-
unemployment
1 051
-
2 633
-
accident
378
-
948
-
pensions
4 507
-
11 299
-
total
6 089
-
15 263
-
Corporate
48 311
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.

7 247
11 025
-
-
total
7 247
11 025
-
-
Dividends
41 064
62 475
-
-
withholding
8 506
13 271
-
-
total
8 506
13 271
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 737
24 296
34 513
32 056
After tax
46 763
49 204
38 987
41 444
Living cost
14 204
14 204
14 204
14 204
Free-cash
32 559
35 000
24 783
27 240

Estimated living cost  is ₴14204 per week

₴9588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46192
₴44910
₴46260
₴44753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
505
income
-
-
-
25 085
pensions
-
-
-
696
total
-
-
-
26 286
Employee
1 453
-
72 717
-
income
281
-
25 048
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
25 570
-
Employer
1 453
-
72 717
-
unemployment
29
-
70
-
health
138
-
331
-
pensions
160
-
383
-
total
327
-
784
-
Corporate
71 720
73 500
-
-
income
15 778
16 170
-
-
total
15 778
16 170
-
-
Dividends
55 941
57 330
-
-
withholding
11 188
11 466
-
-
total
11 188
11 466
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 793
27 636
26 354
26 286
After tax
45 707
45 864
47 146
47 214
Living cost
954
954
954
954
Free-cash
44 753
44 910
46 192
46 260

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33970
₴44192
₴33971
₴41657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 923
income
-
-
-
16 222
pensions
-
-
-
9 901
unemployment
-
-
-
571
total
-
-
-
30 617
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.

13 438
-
66 683
-
income
1 852
-
16 222
-
pensions
1 881
-
5 332
-
health
692
-
1 961
-
unemployment
101
-
286
-
total
4 526
-
23 801
-
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.

13 438
-
66 683
-
unemployment
101
-
286
-
health
692
-
1 961
-
pensions
1 613
-
4 570
-
total
2 406
-
6 817
-
Corporate
57 656
73 500
-
-
income
8 648
11 025
-
-
total
8 648
11 025
-
-
Dividends
49 008
62 475
-
-
withholding
7 351
9 371
-
-
total
7 351
9 371
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 931
20 396
30 618
30 617
After tax
50 569
53 104
42 882
42 883
Living cost
8 912
8 912
8 912
8 912
Free-cash
41 657
44 192
33 970
33 971

Estimated living cost  is ₴8912 per week

₴6000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
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.
₴1964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20987
₴27881
₴26035
₴27694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
25 541
income
-
-
-
7 998
surtax
-
-
-
-
total
-
-
-
33 539
Employee
20 048
-
59 393
-
surtax
-
-
-
-
social contributions
2 206
-
6 533
-
income
3 917
-
17 948
-
total
6 123
-
24 481
-
Employer
20 048
-
59 393
-
social contributions
4 761
-
14 106
-
total
4 761
-
14 106
-
Corporate
48 691
73 500
-
-
surtax
-
-
-
-
income
10 225
15 435
-
-
total
10 225
15 435
-
-
Dividends
38 466
58 065
-
-
withholding
10 771
16 258
-
-
total
10 771
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 880
31 693
38 587
33 539
After tax
41 620
41 807
34 913
39 961
Living cost
13 926
13 926
13 926
13 926
Free-cash
27 694
27 881
20 987
26 035

Estimated living cost  is ₴13926 per week

₴9863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20833
₴31050
₴23290
₴27381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
431
income
-
-
-
17 693
pensions
-
-
-
13 549
unemployment
-
-
-
335
total
-
-
-
32 056
Employee
24 947
-
58 237
-
income
5 210
-
16 209
-
other
25
-
48
-
pensions
1 172
-
2 251
-
unemployment
386
-
742
-
total
6 793
-
19 250
-
Employer
24 947
-
58 237
-
other
200
-
383
-
unemployment
1 372
-
2 633
-
accident
494
-
948
-
pensions
5 887
-
11 299
-
total
7 953
-
15 263
-
Corporate
40 600
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.

6 090
11 025
-
-
total
6 090
11 025
-
-
Dividends
34 510
62 475
-
-
withholding
7 129
13 271
-
-
total
7 129
13 271
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 965
24 296
34 513
32 056
After tax
45 535
49 204
38 987
41 444
Living cost
18 154
18 154
18 154
18 154
Free-cash
27 381
31 050
20 833
23 290

Estimated living cost  is ₴18154 per week

₴13037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51669
₴54081
₴48963
₴50974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 046
income
-
-
-
11 025
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
15 775
Employee
11 603
-
70 009
-
income
1 160
-
7 001
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 019
-
1 562
-
health
534
-
818
-
total
2 841
-
9 577
-
Employer
11 603
-
70 009
-
unemployment
70
-
107
-
health
801
-
1 228
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 279
-
1 961
-
total
2 278
-
3 492
-
Corporate
59 621
73 500
-
-
income
5 962
7 350
-
-
total
5 962
7 350
-
-
Dividends
53 659
66 150
-
-
withholding
2 683
3 307
-
-
total
2 683
3 307
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 764
10 657
13 069
15 775
After tax
59 736
62 843
60 431
57 725
Living cost
8 762
8 762
8 762
8 762
Free-cash
50 974
54 081
51 669
48 963

Estimated living cost  is ₴8762 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
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.
₴2257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28105
₴17914
₴21004
₴24672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
20 781
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.

-
-
-
1 143
trade
-
-
-
7 101
total
-
-
-
32 554
Employee

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

25 701
-
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.

117
-
1 143
-
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.

2 113
-
20 781
-
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.

3 529
-
3 529
-
total
5 759
-
25 453
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 799
73 500
-
-
chamber of commerce
149
186
-
-
surtax

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

394
607
-
-
trade
6 859
10 547
-
-
income
7 169
11 025
-
-
total
14 571
22 365
-
-
Dividends
33 228
51 135
-
-
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.

446
692
-
-
withholding
8 110
12 587
-
-
total
8 556
13 279
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 886
35 644
25 453
32 554
After tax
44 614
37 856
48 047
40 946
Living cost
19 942
19 942
19 942
19 942
Free-cash
24 672
17 914
28 105
21 004

Estimated living cost  is ₴19942 per week

₴13757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2146
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.
₴3750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11355
₴22024
₴11355
₴23166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
20 862
social contributions
-
-
-
11 858
total
-
-
-
32 720
Employee
40 405
-
73 500
-
income
7 624
-
20 862
-
social contributions
3 357
-
11 858
-
total
10 981
-
32 720
-
Employer
40 405
-
73 500
-
total
-
-
-
-
Corporate
33 095
73 500
-
-
income
4 137
9 188
-
-
total
4 137
9 188
-
-
Dividends
28 958
64 312
-
-
withholding
5 791
12 863
-
-
total
5 791
12 863
-
-
Income
73 500
73 500
73 500
73 500
Total tax
20 909
22 051
32 720
32 720
After tax
52 591
51 449
40 780
40 780
Living cost
29 424
29 424
29 424
29 424
Free-cash
23 166
22 024
11 355
11 355

Estimated living cost  is ₴29424 per week

₴22386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34576
₴26295
₴36867
₴28101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 704
health

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

-
-
-
3 178
total
-
-
-
17 882
Employee
23 696
-
71 124
-
income
2 571
-
15 421
-
social contributions
2 374
-
2 376
-
total
4 945
-
17 797
-
Employer
23 696
-
71 124
-
social contributions
2 374
-
2 376
-
total
2 374
-
2 376
-
Corporate
47 430
73 500
-
-
income
16 600
25 725
-
-
total
16 600
25 725
-
-
Dividends
30 830
47 775
-
-
social contributions
2 729
2 729
-
-
total
2 729
2 729
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 648
28 454
20 173
17 882
After tax
46 852
45 046
53 327
55 618
Living cost
18 751
18 751
18 751
18 751
Free-cash
28 101
26 295
34 576
36 867

Estimated living cost  is ₴18751 per week

₴12351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
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.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24173
₴30851
₴30919
₴33062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
19 190
pensions
-
-
-
4 286
total
-
-
-
23 476
Employee
26 225
-
64 364
-
income
4 776
-
14 691
-
health
342
-
999
-
pensions
2 002
-
5 397
-
total
7 120
-
21 087
-
Employer
26 225
-
64 364
-
health
498
-
1 223
-
pensions
2 650
-
7 912
-
total
3 148
-
9 135
-
Corporate
44 127
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.

8 384
13 965
-
-
total
8 384
13 965
-
-
Dividends
35 744
59 535
-
-
withholding
2 681
9 579
-
-
total
2 681
9 579
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 333
23 544
30 222
23 476
After tax
52 167
49 956
43 278
50 024
Living cost
19 105
19 105
19 105
19 105
Free-cash
33 062
30 851
24 173
30 919

Estimated living cost  is ₴19105 per week

₴13106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
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.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26874
-₴6455
₴37903
₴4050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
19 561
pensions
-
-
-
2 167
total
-
-
-
23 189
Employee
19 519
-
65 080
-
income
2 678
-
14 372
-
pensions
2 198
-
3 974
-
health
2 235
-
7 452
-
total
7 111
-
25 798
-
Employer
19 519
-
65 080
-
unemployment
478
-
1 594
-
accident
326
-
1 087
-
pensions
3 174
-
5 739
-
total
3 978
-
8 420
-
Corporate
50 003
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.

45 003
66 150
-
-
total
45 003
66 150
-
-
Dividends
5 000
7 350
-
-
withholding
950
1 397
-
-
total
950
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
57 042
67 547
34 218
23 189
After tax
16 458
5 953
39 282
50 311
Living cost
12 408
12 408
12 408
12 408
Free-cash
4 050
-6 455
26 874
37 903

Estimated living cost  is ₴12408 per week

₴9106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43364
₴54895
₴34474
₴52485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 858
health insurance
-
-
-
5 439
work injury
-
-
-
368
pensions
-
-
-
13 524
unemployment
-
-
-
882
total
-
-
-
32 071
Employee

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

11 128
-
73 500
-
income
1 113
-
11 858
-
work injury
56
-
206
-
health insurance
823
-
3 047
-
pensions
2 048
-
7 576
-
unemployment
134
-
494
-
total
4 174
-
23 181
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 372
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%.

624
735
-
-
total
624
735
-
-
Dividends
61 748
72 765
-
-
withholding
9 262
10 915
-
-
total
9 262
10 915
-
-
Income
73 500
73 500
73 500
73 500
Total tax
14 060
11 650
23 181
32 071
After tax
59 440
61 850
50 319
41 429
Living cost
6 955
6 955
6 955
6 955
Free-cash
52 485
54 895
43 364
34 474

Estimated living cost  is ₴6955 per week

₴4309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11358
₴18136
₴14702
₴15786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 904
national
-
-
-
17 160
regional
-
-
-
1 665
municipal
-
-
-
491
total
-
-
-
38 220
Employee
43 527
-
73 500
-
social contributions
14 677
-
24 784
-
municipal
260
-
438
-
national
7 356
-
14 904
-
regional
657
-
1 438
-
total
22 950
-
41 564
-
Employer
43 527
-
73 500
-
total
-
-
-
-
Corporate
29 973
73 500
-
-
nationa
7 194
17 640
-
-
municipal
1 445
3 543
-
-
total
8 639
21 183
-
-
Dividends
21 334
52 317
-
-
withholding
5 547
13 603
-
-
total
5 547
13 603
-
-
Income
73 500
73 500
73 500
73 500
Total tax
37 136
34 786
41 564
38 220
After tax
36 364
38 714
31 936
35 280
Living cost
20 578
20 578
20 578
20 578
Free-cash
15 786
18 136
11 358
14 702

Estimated living cost  is ₴20578 per week

₴14455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4396
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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