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
₴22141
₴32781
₴24819
₴27601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
21 228
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.

-
-
-
1 167
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.

-
-
-
3 372
trade
-
-
-
7 962
total
-
-
-
33 729
Employee

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

18 881
-
73 500
-
surtax

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

29
-
1 167
-
income

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

527
-
21 228
-
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.

3 372
-
3 372
-
total
3 928
-
25 767
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 619
73 500
-
-
income
8 193
11 025
-
-
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.

451
606
-
-
chamber of commerce
154
181
-
-
trade
8 603
11 576
-
-
total
17 401
23 388
-
-
Dividends
37 219
50 112
-
-
surtax

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

501
679
-
-
withholding
9 117
12 340
-
-
total
9 618
13 019
-
-
Income
73 500
73 500
73 500
73 500
Total tax
30 947
36 407
25 767
33 729
After tax
42 553
37 093
47 733
39 771
Living cost
14 952
14 952
14 952
14 952
Free-cash
27 601
22 141
32 781
24 819

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19649
₴18040
₴17464
₴19213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7 927
national
-
-
-
12 284
pensions
-
-
-
8 820
total
-
-
-
29 821
Employee
40 639
-
63 540
-
municipal
5 020
-
8 212
-
pensions
1 626
-
2 542
-
national
7 778
-
12 725
-
total
14 424
-
23 479
-
Employer
40 639
-
63 540
-
pensions
3 251
-
5 083
-
social contributions
437
-
683
-
total
3 688
-
5 766
-
Corporate
26 491
73 500
-
-
income

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

5 298
14 700
-
-
total
5 298
14 700
-
-
Dividends
21 193
58 800
-
-
withholding
4 662
12 936
-
-
total
4 662
12 936
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 072
27 636
29 245
29 821
After tax
45 428
45 864
44 255
43 679
Living cost
26 215
26 215
26 215
26 215
Free-cash
19 213
19 649
18 040
17 464

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48530
₴34547
₴13581
₴44479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 993
surtax
-
-
-
18 742
social contributions

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

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
49 649
Employee
14 425
-
52 637
-
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.

1 587
-
5 790
-
income
2 568
-
10 213
-
total
4 155
-
16 003
-
Employer
14 425
-
52 637
-
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.

3 475
-
12 680
-
surtax
-
-
-
-
total
3 475
-
12 680
-
Corporate
55 601
73 500
-
-
income

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

11 121
14 700
-
-
total
11 121
14 700
-
-
Dividends

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

44 480
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
18 751
14 700
28 683
49 649
After tax
54 749
58 800
44 817
23 851
Living cost
10 270
10 270
10 270
10 270
Free-cash
44 479
48 530
34 547
13 581

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15508
₴23781
₴20835
₴12485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 114
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
31 985
Employee
42 155
42 155
64 326
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
7 994
-
health
6 470
5 504
6 087
-
total
20 958
18 188
19 865
-
Employer
42 155
42 155
64 326
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
24 480
23 963
-
-
income
4 896
4 793
-
-
total
4 896
4 793
-
-
Dividends
19 584
19 170
-
-
income
4 161
4 073
-
-
withholding
2 938
2 876
-
-
total
7 099
6 949
-
-
Income
73 500
73 500
73 500
73 500
Total tax
40 335
37 312
29 039
31 985
After tax
33 165
36 188
44 461
41 515
Living cost
20 680
20 680
20 680
20 680
Free-cash
12 485
15 508
23 781
20 835

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19906
₴17999
₴18490
₴19451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
18 088
national
-
-
-
3 855
pensions
-
-
-
4 792
total
-
-
-
34 785
Employee
28 819
-
59 573
-
municipal
8 594
-
17 765
-
national
-
-
3 583
-
total
8 594
-
21 348
-
Employer
28 819
-
59 573
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
35 626
73 500
-
-
income
7 838
16 170
-
-
total
7 838
16 170
-
-
Dividends
27 788
57 330
-
-
withholding
8 337
17 199
-
-
total
8 337
17 199
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 824
33 369
35 276
34 785
After tax
39 676
40 131
38 224
38 715
Living cost
20 225
20 225
20 225
20 225
Free-cash
19 451
19 906
17 999
18 490

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17321
₴28340
₴20025
₴24259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
21 228
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.

-
-
-
1 167
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.

-
-
-
3 372
trade
-
-
-
8 315
total
-
-
-
34 082
Employee

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

25 034
-
73 500
-
surtax

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

118
-
1 167
-
income

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

2 151
-
21 228
-
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.

3 372
-
3 372
-
total
5 641
-
25 767
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 466
73 500
-
-
income
7 269
11 025
-
-
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.

400
606
-
-
chamber of commerce
144
180
-
-
trade
7 973
12 091
-
-
total
15 786
23 902
-
-
Dividends
32 679
49 598
-
-
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.

439
672
-
-
withholding
7 982
12 212
-
-
total
8 421
12 884
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 848
36 786
25 767
34 082
After tax
43 652
36 714
47 733
39 418
Living cost
19 393
19 393
19 393
19 393
Free-cash
24 259
17 321
28 340
20 025

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
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.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37652
₴34217
₴34900
₴35604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 727
social contributions
-
-
-
7 987
health
-
-
-
1 875
total
-
-
-
22 589
Employee
37 959
37 959
67 993
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
12 360
-
health
378
645
1 156
-
total
6 209
7 309
17 765
-
Employer
37 959
37 959
67 993
-
health
411
703
1 258
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 507
-
Corporate
49 025
31 688
-
-
income
6 128
3 961
-
-
total
6 128
3 961
-
-
Dividends
42 896
27 727
-
-
withholding
7 292
4 714
-
-
total
7 292
4 714
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 885
19 837
23 272
22 589
After tax
51 615
53 663
50 228
50 911
Living cost
16 011
16 011
16 011
16 011
Free-cash
35 604
37 652
34 217
34 900

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴32261
₴33550
₴41859
₴32449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 985
unemployment
-
-
-
1 103
health
-
-
-
5 145
pensions
-
-
-
7 350
total
-
-
-
22 583
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.

13 076
5 204
61 506
-
unemployment
196
78
923
-
pensions
1 308
520
6 151
-
income
1 599
636
7 519
-
health
915
364
4 305
-
total
4 018
1 598
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.

13 076
5 204
61 506
-
pensions
2 550
1 015
11 994
-
total
2 550
1 015
11 994
-
Corporate
57 874
67 281
-
-
income
5 209
6 055
-
-
total
5 209
6 055
-
-
Dividends
52 666
61 226
-
-
social contributions
10 210
11 880
-
-
withholding
10 006
11 633
-
-
total
20 216
23 513
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 993
32 181
30 892
22 583
After tax
41 507
41 319
42 608
50 917
Living cost
9 058
9 058
9 058
9 058
Free-cash
32 449
32 261
33 550
41 859

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46877
₴30441
₴27473
₴43810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 849
health
-
-
-
9 555
pensions
-
-
-
14 700
total
-
-
-
34 104
Employee
14 004
-
54 933
-
unemployment
224
-
879
-
pensions
280
-
1 099
-
income
1 577
-
10 591
-
total
2 081
-
12 569
-
Employer
14 004
-
54 933
-
health
1 820
-
7 141
-
pensions
2 801
-
10 987
-
unemployment
112
-
439
-
total
4 733
-
18 567
-
Corporate
54 762
73 500
-
-
income
10 953
14 700
-
-
total
10 953
14 700
-
-
Dividends
43 809
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
17 767
14 700
31 136
34 104
After tax
55 733
58 800
42 364
39 396
Living cost
11 923
11 923
11 923
11 923
Free-cash
43 810
46 877
30 441
27 473

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5041
₴28418
₴39303
₴4267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
19 722
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
23 202
Employee
17 295
-
65 304
-
pensions
1 947
-
3 813
-
income
2 373
-
14 600
-
health
1 980
-
7 477
-
total
6 300
-
25 890
-
Employer
17 295
-
65 304
-
pensions
2 812
-
5 506
-
accident
289
-
1 091
-
unemployment
424
-
1 600
-
total
3 525
-
8 197
-
Corporate
52 680
73 500
-
-
income

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

47 412
66 150
-
-
total
47 412
66 150
-
-
Dividends
5 268
7 350
-
-
withholding
1 001
1 396
-
-
total
1 001
1 396
-
-
Income
73 500
73 500
73 500
73 500
Total tax
58 238
67 546
34 087
23 202
After tax
15 262
5 954
39 413
50 298
Living cost
10 995
10 995
10 995
10 995
Free-cash
4 267
-5 041
28 418
39 303

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65830
₴54805
₴68770
₴65081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
73 500
-
income
999
-
14 700
-
total
999
-
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%.

68 506
73 500
-
-
total
-
-
-
-
Dividends
68 506
73 500
-
-
withholding
3 425
3 675
-
-
total
3 425
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 424
3 675
14 700
735
After tax
69 076
69 825
58 800
72 765
Living cost
3 995
3 995
3 995
3 995
Free-cash
65 081
65 830
54 805
68 770

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40846
₴28825
₴25785
₴37514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 195
other
-
-
-
3 491
health
-
-
-
3 234
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.

-
-
-
17 641
total
-
-
-
34 561
Employee
17 924
-
58 706
-
unemployment
179
-
587
-
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.

1 254
-
4 110
-
income
3 086
-
11 208
-
health
251
-
822
-
total
4 770
-
16 727
-
Employer
17 924
-
58 706
-
health
251
-
822
-
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.

3 047
-
9 980
-
accident
143
-
469
-
unemployment
179
-
587
-
other
897
-
2 936
-
total
4 517
-
14 794
-
Corporate
51 059
73 500
-
-
income
10 722
15 435
-
-
total
10 722
15 435
-
-
Dividends
40 337
58 065
-
-
withholding
2 823
4 065
-
-
total
2 823
4 065
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 832
19 500
31 521
34 561
After tax
50 668
54 000
41 979
38 939
Living cost
13 154
13 154
13 154
13 154
Free-cash
37 514
40 846
28 825
25 785

Estimated living cost  is ₴13154 per week

₴9294
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.
₴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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16690
₴10172
₴16895
₴15514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 633
pensions
-
-
-
4 156
total
-
-
-
23 789
Employee
46 430
-
64 327
-
pensions
4 479
-
5 207
-
income
8 369
-
15 150
-
health
765
-
982
-
total
13 613
-
21 339
-
Employer
46 430
-
64 327
-
health
882
-
1 222
-
pensions
5 482
-
7 951
-
total
6 364
-
9 173
-
Corporate
20 706
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.

3 935
13 965
-
-
total
3 935
13 965
-
-
Dividends
16 772
59 535
-
-
withholding
1 258
10 029
-
-
total
1 258
10 029
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 170
23 994
30 512
23 789
After tax
48 330
49 506
42 988
49 711
Living cost
32 816
32 816
32 816
32 816
Free-cash
15 514
16 690
10 172
16 895

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴56361
₴54120
₴51384
₴54066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 025
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
15 635
Employee
8 582
-
70 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
7 011
-
health
395
-
794
-
total
2 101
-
9 511
-
Employer
8 582
-
70 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
63 234
73 500
-
-
income
6 323
7 350
-
-
total
6 323
7 350
-
-
Dividends
56 911
66 150
-
-
withholding
2 846
3 308
-
-
total
2 846
3 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
12 953
10 658
12 899
15 635
After tax
60 547
62 842
60 601
57 865
Living cost
6 481
6 481
6 481
6 481
Free-cash
54 066
56 361
54 120
51 384

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8815
₴17088
₴14142
₴10057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 114
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
31 985
Employee
45 767
42 155
64 326
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
7 994
-
health
5 710
5 504
6 087
-
total
18 394
18 188
19 865
-
Employer
45 767
42 155
64 326
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
19 719
23 963
-
-
income
3 944
4 793
-
-
total
3 944
4 793
-
-
Dividends
15 776
19 170
-
-
income
3 353
4 073
-
-
withholding
2 366
2 876
-
-
total
5 719
6 949
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 070
37 312
29 039
31 985
After tax
37 430
36 188
44 461
41 515
Living cost
27 373
27 373
27 373
27 373
Free-cash
10 057
8 815
17 088
14 142

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38338
₴25031
₴26769
₴33961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 889
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
9 923
total
-
-
-
34 464
Employee
18 040
-
54 851
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
3 565
-
income
2 165
-
6 582
-
health
2 435
-
7 405
-
total
5 773
-
17 552
-
Employer
18 040
-
54 851
-
health
1 624
-
4 937
-
social contributions
4 510
-
13 713
-
total
6 134
-
18 650
-
Corporate
49 326
73 500
-
-
income
9 372
13 965
-
-
total
9 372
13 965
-
-
Dividends
39 954
59 535
-
-
withholding
5 993
8 930
-
-
total
5 993
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 272
22 895
36 202
34 464
After tax
46 228
50 605
37 298
39 036
Living cost
12 267
12 267
12 267
12 267
Free-cash
33 961
38 338
25 031
26 769

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18385
₴11679
₴15084
₴15809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
854
municipal
-
-
-
437
national
-
-
-
17 391
total
-
-
-
37 586
Employee
43 872
-
73 500
-
municipal
232
-
390
-
national
7 602
-
15 064
-
regional
414
-
752
-
social contributions
14 794
-
24 785
-
total
23 042
-
40 991
-
Employer
43 872
-
73 500
-
total
-
-
-
-
Corporate
29 628
73 500
-
-
municipal
1 155
2 867
-
-
nationa
7 110
17 640
-
-
total
8 265
20 507
-
-
Dividends
21 362
52 994
-
-
withholding
5 554
13 778
-
-
total
5 554
13 778
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 861
34 285
40 991
37 586
After tax
36 639
39 215
32 509
35 914
Living cost
20 830
20 830
20 830
20 830
Free-cash
15 809
18 385
11 679
15 084

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35339
₴21781
₴23986
₴33803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 058
other
-
-
-
-
surtax
-
-
-
2 597
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
38 621
Employee
16 325
-
60 718
-
other
-
-
-
-
unemployment
1 136
-
4 226
-
pensions
1 089
-
4 050
-
surtax
53
-
2 249
-
income
2 736
-
15 970
-
health
417
-
1 549
-
total
5 431
-
28 044
-
Employer
16 325
-
60 718
-
health
743
-
2 763
-
pensions
2 176
-
8 094
-
unemployment
517
-
1 925
-
other
-
-
-
-
total
3 436
-
12 782
-
Corporate
53 739
73 500
-
-
income
13 972
19 110
-
-
total
13 972
19 110
-
-
Dividends
39 767
54 390
-
-
withholding
5 965
8 158
-
-
total
5 965
8 158
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 804
27 268
40 826
38 621
After tax
44 696
46 232
32 674
34 879
Living cost
10 893
10 893
10 893
10 893
Free-cash
33 803
35 339
21 781
23 986

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
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.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27087
₴20569
₴27292
₴28790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 633
pensions
-
-
-
4 156
total
-
-
-
23 789
Employee
31 116
-
64 327
-
pensions
2 641
-
5 207
-
income
5 604
-
15 150
-
health
452
-
982
-
total
8 697
-
21 339
-
Employer
31 116
-
64 327
-
health
591
-
1 222
-
pensions
3 368
-
7 951
-
total
3 959
-
9 173
-
Corporate
38 424
73 500
-
-
income

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

7 301
13 965
-
-
total
7 301
13 965
-
-
Dividends
31 124
59 535
-
-
withholding
2 334
10 029
-
-
total
2 334
10 029
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 291
23 994
30 512
23 789
After tax
51 209
49 506
42 988
49 711
Living cost
22 419
22 419
22 419
22 419
Free-cash
28 790
27 087
20 569
27 292

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5532
₴17520
₴21090
₴11214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
3 224
health
-
-
-
166
city
-
-
-
775
national
-
-
-
871
pensions
-
-
-
6 763
total
-
-
-
13 269
Employee
45 805
-
65 786
-
unemployment
-
-
-
-
pensions
3 848
-
5 526
-
national
217
-
701
-
regional
1 500
-
2 767
-
city
492
-
707
-
health
104
-
148
-
total
6 161
-
9 849
-
Employer
45 805
-
65 786
-
health
104
-
148
-
pensions
3 848
-
5 526
-
unemployment
-
-
-
-
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.

916
-
1 316
-
total
4 868
-
6 990
-
Corporate
22 324
73 500
-
-
regional
4 722
15 546
-
-
national
1 898
6 248
-
-
total
6 620
21 794
-
-
Dividends
15 704
51 706
-
-
withholding
5 496
18 097
-
-
total
5 496
18 097
-
-
Income
73 500
73 500
73 500
73 500
Total tax
23 145
39 891
16 839
13 269
After tax
50 355
33 609
56 661
60 231
Living cost
39 141
39 141
39 141
39 141
Free-cash
11 214
-5 532
17 520
21 090

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13724
₴25119
₴16450
₴21727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
21 228
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.

-
-
-
1 167
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.

-
-
-
3 372
trade
-
-
-
8 669
total
-
-
-
34 436
Employee

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

29 667
-
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.

192
-
1 167
-
income

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

3 489
-
21 228
-
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.

3 372
-
3 372
-
total
7 053
-
25 767
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 833
73 500
-
-
income
6 575
11 025
-
-
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.

362
606
-
-
chamber of commerce
137
178
-
-
trade
7 518
12 605
-
-
total
14 592
24 414
-
-
Dividends
29 241
49 085
-
-
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.

392
664
-
-
withholding
7 122
12 084
-
-
total
7 514
12 748
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 159
37 162
25 767
34 436
After tax
44 341
36 338
47 733
39 064
Living cost
22 614
22 614
22 614
22 614
Free-cash
21 727
13 724
25 119
16 450

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
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.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20155
₴25008
₴24749
₴23071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 414
other
-
-
-
2 278
surtax
-
-
-
-
social contributions
-
-
-
2 094
health
-
-
-
2 688
pensions
-
-
-
14 388
total
-
-
-
31 862
Employee
21 127
-
57 705
-
pensions
2 389
-
3 672
-
surtax
-
-
-
-
social contributions
602
-
1 644
-
income
1 247
-
10 492
-
total
4 238
-
15 808
-
Employer
21 127
-
57 705
-
health
1 479
-
4 937
-
pensions
3 471
-
6 242
-
unemployment
855
-
2 337
-
social contributions
64
-
173
-
other
729
-
2 106
-
total
6 598
-
15 795
-
Corporate
45 775
73 500
-
-
income
12 817
20 580
-
-
surtax
-
-
-
-
total
12 817
20 580
-
-
Dividends
32 958
52 920
-
-
surtax
-
-
-
-
social contributions
5 669
9 102
-
-
withholding
4 218
6 774
-
-
total
9 887
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 540
36 456
31 603
31 862
After tax
39 960
37 044
41 897
41 638
Living cost
16 889
16 889
16 889
16 889
Free-cash
23 071
20 155
25 008
24 749

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21828
₴26681
₴26422
₴24572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 414
other
-
-
-
2 278
surtax
-
-
-
-
social contributions
-
-
-
2 094
health
-
-
-
2 688
pensions
-
-
-
14 388
total
-
-
-
31 862
Employee
18 859
-
57 705
-
pensions
2 133
-
3 672
-
surtax
-
-
-
-
social contributions
538
-
1 644
-
income
972
-
10 492
-
total
3 643
-
15 808
-
Employer
18 859
-
57 705
-
health
1 320
-
4 937
-
pensions
3 099
-
6 242
-
unemployment
763
-
2 337
-
social contributions
56
-
173
-
other
651
-
2 106
-
total
5 889
-
15 795
-
Corporate
48 751
73 500
-
-
income
13 650
20 580
-
-
surtax
-
-
-
-
total
13 650
20 580
-
-
Dividends
35 101
52 920
-
-
surtax
-
-
-
-
social contributions
6 037
9 102
-
-
withholding
4 493
6 774
-
-
total
10 530
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 712
36 456
31 603
31 862
After tax
39 788
37 044
41 897
41 638
Living cost
15 216
15 216
15 216
15 216
Free-cash
24 572
21 828
26 681
26 422

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
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.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴34374
₴35614
₴36734
₴34630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 025
social contributions
-
-
-
10 143
health
-
-
-
5 130
total
-
-
-
26 298
Employee
16 738
-
73 500
-
social contributions
2 310
-
10 143
-
income
2 792
-
12 145
-
health
1 168
-
5 130
-
total
6 270
-
27 418
-
Employer
16 738
-
73 500
-
total
-
-
-
-
Corporate
56 762
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%.

2 838
3 675
-
-
total
2 838
3 675
-
-
Dividends
53 924
69 825
-
-
social contributions
7 442
9 636
-
-
withholding
8 088
10 473
-
-
health
3 764
4 874
-
-
total
19 294
24 983
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 402
28 658
27 418
26 298
After tax
45 098
44 842
46 082
47 202
Living cost
10 468
10 468
10 468
10 468
Free-cash
34 630
34 374
35 614
36 734

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23402
₴1799
₴20245
₴22639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 362
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
294
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
35 861
Employee
24 670
19 673
56 999
-
other
246
197
570
-
unemployment
740
590
1 710
-
pensions
2 527
2 014
5 837
-
income
2 808
1 451
13 702
-
health
955
762
2 206
-
total
7 276
5 014
24 025
-
Employer
24 670
19 673
56 999
-
chamber of commerce
98
79
228
-
health
932
744
2 155
-
pensions
3 096
2 469
7 153
-
accident
320
256
741
-
unemployment
740
590
1 710
-
surtax
97
97
97
-
payroll
740
590
1 710
-
other
1 172
934
2 707
-
total
7 195
5 759
16 501
-
Corporate
41 633
48 068
55 126
-
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.

10 409
12 017
13 781
-
total
10 409
12 017
13 781
-
Dividends
31 225
36 051
-
-
withholding
8 587
9 914
-
-
total
8 587
9 914
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 467
32 704
54 307
35 861
After tax
40 033
40 796
19 193
37 639
Living cost
17 394
17 394
17 394
17 394
Free-cash
22 639
23 402
1 799
20 245

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23135
₴8628
₴14138
₴15733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
3 721
social contributions
-
-
-
11 491
national
-
-
-
26 151
total
-
-
-
41 363
Employee

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

35 311
-
56 928
-
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.

307
-
496
-
communal

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

1 842
-
2 970
-
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.

2 648
-
4 270
-
national
10 856
-
19 890
-
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.

1 659
-
2 675
-
total
17 312
-
30 301
-
Employer

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

35 311
-
56 928
-
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.

2 171
-
3 501
-
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.

3 129
-
5 044
-
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.

459
-
740
-
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.

515
-
831
-
surtax
4 004
-
6 456
-
total
10 278
-
16 572
-
Corporate
27 911
73 500
-
-
income
5 582
14 700
-
-
surtax
111
294
-
-
total
5 693
14 994
-
-
Dividends
22 217
58 506
-
-
withholding

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

6 485
17 372
-
-
total
6 485
17 372
-
-
Income
73 500
73 500
73 500
73 500
Total tax
39 768
32 366
46 873
41 363
After tax
33 732
41 134
26 627
32 137
Living cost
17 999
17 999
17 999
17 999
Free-cash
15 733
23 135
8 628
14 138

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31327
₴21484
₴23571
₴27707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
18 375
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
32 101
Employee
24 573
-
58 913
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
16 696
-
total
6 745
-
19 602
-
Employer
24 573
-
58 913
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
41 095
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.

6 164
11 025
-
-
total
6 164
11 025
-
-
Dividends
34 931
62 475
-
-
withholding
7 223
13 320
-
-
total
7 223
13 320
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 965
24 345
34 188
32 101
After tax
45 535
49 155
39 312
41 399
Living cost
17 828
17 828
17 828
17 828
Free-cash
27 707
31 327
21 484
23 571

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16913
₴13948
₴11016
₴11300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
4 646
accident
-
-
-
620
income
-
-
-
10 565
surtax
-
-
-
3 644
health
-
-
-
5 165
pensions
-
-
-
11 017
total
-
-
-
35 657
Employee
37 383
-
65 654
-
pensions
2 990
-
5 253
-
surtax
2 291
-
4 024
-
income
3 611
-
12 681
-
health
1 664
-
2 921
-
total
10 556
-
24 879
-
Employer
37 383
-
65 654
-
health
1 140
-
2 002
-
pensions
2 990
-
5 253
-
accident
336
-
591
-
total
4 466
-
7 846
-
Corporate
31 650
73 500
-
-
communal
2 137
4 961
-
-
income
4 748
11 025
-
-
surtax
333
772
-
-
total
7 218
16 758
-
-
Dividends
24 433
56 742
-
-
income
9 468
4 490
-
-
withholding
3 665
8 512
-
-
total
13 133
13 002
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 373
29 760
32 725
35 657
After tax
38 127
43 740
40 775
37 843
Living cost
26 827
26 827
26 827
26 827
Free-cash
11 300
16 913
13 948
11 016

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35144
₴21586
₴23791
₴33574
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 058
other
-
-
-
-
surtax
-
-
-
2 597
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
38 621
Employee
16 624
-
60 718
-
other
-
-
-
-
unemployment
1 157
-
4 226
-
pensions
1 109
-
4 050
-
surtax
59
-
2 249
-
income
2 787
-
15 970
-
health
424
-
1 549
-
total
5 536
-
28 044
-
Employer
16 624
-
60 718
-
health
756
-
2 763
-
pensions
2 216
-
8 094
-
unemployment
527
-
1 925
-
other
-
-
-
-
total
3 499
-
12 782
-
Corporate
53 376
73 500
-
-
income
13 878
19 110
-
-
total
13 878
19 110
-
-
Dividends
39 498
54 390
-
-
withholding
5 925
8 158
-
-
total
5 925
8 158
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 838
27 268
40 826
38 621
After tax
44 662
46 232
32 674
34 879
Living cost
11 088
11 088
11 088
11 088
Free-cash
33 574
35 144
21 586
23 791

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25335
₴18974
₴22361
₴24240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 109
municipal
-
-
-
437
national
-
-
-
17 391
total
-
-
-
37 841
Employee
27 383
-
73 500
-
municipal
145
-
390
-
national
4 338
-
15 064
-
regional
369
-
989
-
social contributions
9 234
-
24 785
-
total
14 086
-
41 228
-
Employer
27 383
-
73 500
-
total
-
-
-
-
Corporate
46 117
73 500
-
-
municipal
2 292
3 653
-
-
nationa
11 068
17 640
-
-
total
13 360
21 293
-
-
Dividends
32 756
52 208
-
-
withholding
8 516
13 574
-
-
total
8 516
13 574
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 962
34 867
41 228
37 841
After tax
37 538
38 633
32 272
35 659
Living cost
13 298
13 298
13 298
13 298
Free-cash
24 240
25 335
18 974
22 361

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35489
₴22182
₴23920
₴30095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 889
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
9 923
total
-
-
-
34 464
Employee
22 230
-
54 851
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 565
-
income
2 668
-
6 582
-
health
3 001
-
7 405
-
total
7 114
-
17 552
-
Employer
22 230
-
54 851
-
health
2 001
-
4 937
-
social contributions
5 558
-
13 713
-
total
7 559
-
18 650
-
Corporate
43 712
73 500
-
-
income
8 305
13 965
-
-
total
8 305
13 965
-
-
Dividends
35 407
59 535
-
-
withholding
5 311
8 930
-
-
total
5 311
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 289
22 895
36 202
34 464
After tax
45 211
50 605
37 298
39 036
Living cost
15 116
15 116
15 116
15 116
Free-cash
30 095
35 489
22 182
23 920

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25100
₴3460
₴21987
₴24857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 362
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
294
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
35 764
Employee
21 579
19 673
57 073
-
other
215
197
571
-
unemployment
647
590
1 712
-
pensions
2 210
2 014
5 845
-
income
1 922
1 451
13 728
-
health
835
762
2 209
-
total
5 829
5 014
24 065
-
Employer
21 579
19 673
57 073
-
chamber of commerce
86
79
229
-
health
816
744
2 157
-
pensions
2 708
2 469
7 163
-
accident
280
256
742
-
unemployment
647
590
1 712
-
surtax
-
-
-
-
payroll
647
590
1 712
-
other
1 025
934
2 711
-
total
6 209
5 662
16 426
-
Corporate
45 711
48 165
55 200
-
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.

11 428
12 041
13 800
-
total
11 428
12 041
13 800
-
Dividends
34 283
36 124
-
-
withholding
9 428
9 934
-
-
total
9 428
9 934
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 894
32 651
54 291
35 764
After tax
40 606
40 849
19 209
37 736
Living cost
15 749
15 749
15 749
15 749
Free-cash
24 857
25 100
3 460
21 987

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63599
₴52574
₴66539
₴62431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
73 500
microenterprise

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

-
-
-
735
total
-
-
-
735
Employee
7 782
-
73 500
-
income
1 557
-
14 700
-
total
1 557
-
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%.

65 718
73 500
-
-
total
-
-
-
-
Dividends
65 718
73 500
-
-
withholding
3 286
3 675
-
-
total
3 286
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 843
3 675
14 700
735
After tax
68 657
69 825
58 800
72 765
Living cost
6 226
6 226
6 226
6 226
Free-cash
62 431
63 599
52 574
66 539

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
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.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37364
₴21393
₴23338
₴33234
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 154
unemployment
-
-
-
111
health
-
-
-
7 233
pensions
-
-
-
13 423
total
-
-
-
36 921
Employee

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

21 829
-
63 597
-
unemployment
31
-
89
-
pensions
3 384
-
9 858
-
income
3 764
-
14 909
-
health
1 410
-
4 109
-
total
8 589
-
28 965
-
Employer

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

21 829
-
63 597
-
health
1 454
-
4 235
-
pensions
1 932
-
5 628
-
unemployment
13
-
38
-
total
3 399
-
9 901
-
Corporate
48 272
73 500
-
-
income
9 172
13 965
-
-
total
9 172
13 965
-
-
Dividends
39 100
59 535
-
-
withholding
5 865
8 930
-
-
total
5 865
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 025
22 895
38 866
36 921
After tax
46 475
50 605
34 634
36 579
Living cost
13 241
13 241
13 241
13 241
Free-cash
33 234
37 364
21 393
23 338

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23119
₴45317
₴29196
-₴1133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 327
social contributions
-
-
-
8 379
total
-
-
-
22 706
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
-
73 500
-
-
income
-
16 170
-
-
total
-
16 170
-
-
Dividends
-
57 330
-
-
income
-
12 613
-
-
total
-
12 613
-
-
Income
73 500
73 500
73 500
73 500
Total tax
53 035
28 783
6 585
22 706
After tax
20 465
44 717
66 915
50 794
Living cost
21 598
21 598
21 598
21 598
Free-cash
-1 133
23 119
45 317
29 196

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26323
₴19170
₴24347
₴25827
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 127
surtax
-
-
-
-
social contributions

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

-
-
-
25 542
total
-
-
-
33 669
Employee
22 704
-
59 394
-
surtax
-
-
-
-
social contributions
2 497
-
6 533
-
income
4 722
-
18 207
-
total
7 219
-
24 740
-
Employer
22 704
-
59 394
-
social contributions
5 392
-
14 106
-
total
5 392
-
14 106
-
Corporate
45 404
73 500
-
-
income
9 535
15 435
-
-
surtax
-
-
-
-
total
9 535
15 435
-
-
Dividends
35 869
58 065
-
-
withholding
10 043
16 258
-
-
total
10 043
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 189
31 693
38 846
33 669
After tax
41 311
41 807
34 654
39 831
Living cost
15 484
15 484
15 484
15 484
Free-cash
25 827
26 323
19 170
24 347

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13201
₴18054
₴17795
₴16594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 414
other
-
-
-
2 278
surtax
-
-
-
-
social contributions
-
-
-
2 094
health
-
-
-
2 688
pensions
-
-
-
14 388
total
-
-
-
31 862
Employee
30 918
-
57 705
-
pensions
3 497
-
3 672
-
surtax
-
-
-
-
social contributions
881
-
1 644
-
income
2 698
-
10 492
-
total
7 076
-
15 808
-
Employer
30 918
-
57 705
-
health
2 164
-
4 937
-
pensions
5 080
-
6 242
-
unemployment
1 252
-
2 337
-
social contributions
93
-
173
-
other
1 067
-
2 106
-
total
9 656
-
15 795
-
Corporate
32 926
73 500
-
-
income
9 219
20 580
-
-
surtax
-
-
-
-
total
9 219
20 580
-
-
Dividends
23 707
52 920
-
-
surtax
-
-
-
-
social contributions
4 078
9 102
-
-
withholding
3 034
6 774
-
-
total
7 112
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 063
36 456
31 603
31 862
After tax
40 437
37 044
41 897
41 638
Living cost
23 842
23 842
23 842
23 842
Free-cash
16 594
13 201
18 054
17 795

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
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.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51311
₴41709
₴39756
₴49653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 735
social contributions
-
-
-
16 170
total
-
-
-
18 905
Employee
15 870
-
63 637
-
income
-
-
2 952
-
social contributions
1 031
-
4 137
-
total
1 031
-
7 089
-
Employer
15 870
-
63 637
-
social contributions
2 460
-
9 863
-
total
2 460
-
9 863
-
Corporate
55 170
73 500
-
-
income
5 517
7 350
-
-
total
5 517
7 350
-
-
Dividends
49 653
66 150
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
9 008
7 350
16 952
18 905
After tax
64 492
66 150
56 548
54 595
Living cost
14 839
14 839
14 839
14 839
Free-cash
49 653
51 311
41 709
39 756

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴34005
-₴34005
₴20360
-₴34005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 846
municipal
-
-
-
14 912
national
-
-
-
8 191
pensions
-
-
-
428
total
-
-
-
29 377
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
83 742
83 742
83 742
29 377
After tax
-10 242
-10 242
-10 242
44 123
Living cost
23 763
23 763
23 763
23 763
Free-cash
-34 005
-34 005
-34 005
20 360

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4878
₴28581
₴39466
₴4291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
19 722
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
23 202
Employee
17 040
-
65 304
-
pensions
1 919
-
3 813
-
income
2 338
-
14 600
-
health
1 951
-
7 477
-
total
6 208
-
25 890
-
Employer
17 040
-
65 304
-
pensions
2 771
-
5 506
-
accident
285
-
1 091
-
unemployment
418
-
1 600
-
total
3 474
-
8 197
-
Corporate
52 987
73 500
-
-
income

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

47 688
66 150
-
-
total
47 688
66 150
-
-
Dividends
5 299
7 350
-
-
withholding
1 007
1 396
-
-
total
1 007
1 396
-
-
Income
73 500
73 500
73 500
73 500
Total tax
58 377
67 546
34 087
23 202
After tax
15 123
5 954
39 413
50 298
Living cost
10 832
10 832
10 832
10 832
Free-cash
4 291
-4 878
28 581
39 466

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27940
₴20461
₴30409
₴28857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
926
municipal
-
-
-
13 064
national
-
-
-
10 149
total
-
-
-
24 139
Employee
25 972
-
61 832
-
municipal
4 254
-
10 077
-
unemployment
390
-
927
-
pensions
1 753
-
4 173
-
national
429
-
6 495
-
health
194
-
747
-
total
7 020
-
22 419
-
Employer
25 972
-
61 832
-
health
200
-
476
-
pensions
4 506
-
10 728
-
accident
26
-
62
-
unemployment
169
-
402
-
total
4 901
-
11 668
-
Corporate
42 628
73 500
-
-
income
8 526
14 700
-
-
total
8 526
14 700
-
-
Dividends

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

25 577
44 100
-
-
municipal
4 603
7 938
-
-
national
641
3 970
-
-
total
5 244
11 908
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 691
26 608
34 087
24 139
After tax
47 809
46 892
39 413
49 361
Living cost
18 952
18 952
18 952
18 952
Free-cash
28 857
27 940
20 461
30 409

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
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.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42234
₴38799
₴39482
₴39548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 727
social contributions
-
-
-
7 987
health
-
-
-
1 875
total
-
-
-
22 589
Employee
37 959
37 959
67 993
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
12 360
-
health
294
645
1 156
-
total
5 862
7 309
17 765
-
Employer
37 959
37 959
67 993
-
health
319
703
1 258
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 507
-
Corporate
54 454
31 688
-
-
income
6 807
3 961
-
-
total
6 807
3 961
-
-
Dividends
47 647
27 727
-
-
withholding
8 100
4 714
-
-
total
8 100
4 714
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 523
19 837
23 272
22 589
After tax
50 977
53 663
50 228
50 911
Living cost
11 429
11 429
11 429
11 429
Free-cash
39 548
42 234
38 799
39 482

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53027
₴43453
₴53355
₴50516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 367
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
12 307
Employee

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

11 331
-
68 676
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
6 144
-
health
963
-
3 981
-
total
3 493
-
17 385
-
Employer

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

11 331
-
68 676
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
61 003
73 500
-
-
income
5 491
6 615
-
-
total
5 491
6 615
-
-
Dividends
55 512
66 885
-
-
withholding
4 996
6 020
-
-
total
4 996
6 020
-
-
Income
73 500
73 500
73 500
73 500
Total tax
15 146
12 635
22 209
12 307
After tax
58 354
60 865
51 291
61 193
Living cost
7 838
7 838
7 838
7 838
Free-cash
50 516
53 027
43 453
53 355

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35580
₴25737
₴27824
₴33304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
18 375
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
32 101
Employee
18 253
-
58 913
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
16 696
-
total
4 678
-
19 602
-
Employer
18 253
-
58 913
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
49 428
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.

7 414
11 025
-
-
total
7 414
11 025
-
-
Dividends
42 014
62 475
-
-
withholding
8 710
13 320
-
-
total
8 710
13 320
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 621
24 345
34 188
32 101
After tax
46 879
49 155
39 312
41 399
Living cost
13 575
13 575
13 575
13 575
Free-cash
33 304
35 580
25 737
27 824

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
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.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44903
₴46181
₴46250
₴44746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 080
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
26 289
Employee
1 464
-
72 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
25 043
-
health
73
-
175
-
total
503
-
25 569
-
Employer
1 464
-
72 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
71 706
73 500
-
-
income
15 775
16 170
-
-
total
15 775
16 170
-
-
Dividends
55 931
57 330
-
-
withholding
11 186
11 466
-
-
total
11 186
11 466
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 793
27 636
26 358
26 289
After tax
45 707
45 864
47 142
47 211
Living cost
961
961
961
961
Free-cash
44 746
44 903
46 181
46 250

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44567
₴34859
₴34860
₴42138
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
16 313
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
30 103
Employee

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

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

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

12 873
-
66 970
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
16 313
-
health
663
-
1 879
-
total
4 336
-
23 573
-
Employer

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

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

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

12 873
-
66 970
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
58 323
73 500
-
-
income
8 748
11 025
-
-
total
8 748
11 025
-
-
Dividends
49 574
62 475
-
-
withholding
7 436
9 371
-
-
total
7 436
9 371
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 825
20 396
30 104
30 103
After tax
50 675
53 104
43 396
43 397
Living cost
8 537
8 537
8 537
8 537
Free-cash
42 138
44 567
34 859
34 860

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
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.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28499
₴21346
₴26523
₴28320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 127
surtax
-
-
-
-
social contributions

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

-
-
-
25 542
total
-
-
-
33 669
Employee
19 160
-
59 394
-
surtax
-
-
-
-
social contributions
2 108
-
6 533
-
income
3 744
-
18 207
-
total
5 852
-
24 740
-
Employer
19 160
-
59 394
-
social contributions
4 550
-
14 106
-
total
4 550
-
14 106
-
Corporate
49 790
73 500
-
-
income
10 456
15 435
-
-
surtax
-
-
-
-
total
10 456
15 435
-
-
Dividends
39 334
58 065
-
-
withholding
11 014
16 258
-
-
total
11 014
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 872
31 693
38 846
33 669
After tax
41 628
41 807
34 654
39 831
Living cost
13 308
13 308
13 308
13 308
Free-cash
28 320
28 499
21 346
26 523

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31806
₴21963
₴24050
₴28356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
18 375
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
32 101
Employee
23 841
-
58 913
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
16 696
-
total
6 491
-
19 602
-
Employer
23 841
-
58 913
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
42 058
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.

6 308
11 025
-
-
total
6 308
11 025
-
-
Dividends
35 750
62 475
-
-
withholding
7 395
13 320
-
-
total
7 395
13 320
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 795
24 345
34 188
32 101
After tax
45 705
49 155
39 312
41 399
Living cost
17 349
17 349
17 349
17 349
Free-cash
28 356
31 806
21 963
24 050

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54338
₴52097
₴49361
₴51325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 025
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
15 635
Employee
11 260
-
70 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
7 011
-
health
518
-
794
-
total
2 757
-
9 511
-
Employer
11 260
-
70 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
60 031
73 500
-
-
income
6 003
7 350
-
-
total
6 003
7 350
-
-
Dividends
54 028
66 150
-
-
withholding
2 701
3 308
-
-
total
2 701
3 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 671
10 658
12 899
15 635
After tax
59 829
62 842
60 601
57 865
Living cost
8 504
8 504
8 504
8 504
Free-cash
51 325
54 338
52 097
49 361

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18791
₴28675
₴21421
₴25249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
21 228
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.

-
-
-
1 167
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.

-
-
-
3 372
trade
-
-
-
7 254
total
-
-
-
33 021
Employee

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

24 562
-
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.

111
-
1 167
-
income

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

2 020
-
21 228
-
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.

3 372
-
3 372
-
total
5 503
-
25 767
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 938
73 500
-
-
income
7 341
11 025
-
-
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.

404
606
-
-
chamber of commerce
147
183
-
-
trade
7 022
10 547
-
-
total
14 914
22 361
-
-
Dividends
34 024
51 139
-
-
surtax

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

457
693
-
-
withholding
8 319
12 597
-
-
total
8 776
13 290
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 193
35 651
25 767
33 021
After tax
44 307
37 849
47 733
40 479
Living cost
19 058
19 058
19 058
19 058
Free-cash
25 249
18 791
28 675
21 421

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23330
₴12188
₴12188
₴24420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 241
social contributions
-
-
-
11 951
total
-
-
-
33 192
Employee
38 614
-
73 500
-
income
7 286
-
21 241
-
social contributions
3 208
-
11 951
-
total
10 494
-
33 192
-
Employer
38 614
-
73 500
-
total
-
-
-
-
Corporate
34 886
73 500
-
-
income
4 361
9 187
-
-
total
4 361
9 187
-
-
Dividends
30 525
64 313
-
-
withholding
6 105
12 863
-
-
total
6 105
12 863
-
-
Income
73 500
73 500
73 500
73 500
Total tax
20 960
22 050
33 192
33 192
After tax
52 540
51 450
40 308
40 308
Living cost
28 120
28 120
28 120
28 120
Free-cash
24 420
23 330
12 188
12 188

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
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.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27247
₴35160
₴38545
₴28972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
71 229
-
income
2 457
-
15 878
-
social contributions
2 269
-
2 271
-
total
4 726
-
18 149
-
Employer
22 646
-
71 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
48 585
73 500
-
-
income
17 005
25 725
-
-
total
17 005
25 725
-
-
Dividends
31 581
47 775
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 608
28 333
20 420
17 035
After tax
46 892
45 167
53 080
56 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
28 972
27 247
35 160
38 545

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31280
₴24762
₴31485
₴34076
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 633
pensions
-
-
-
4 156
total
-
-
-
23 789
Employee
25 018
-
64 327
-
pensions
1 909
-
5 207
-
income
4 556
-
15 150
-
health
326
-
982
-
total
6 791
-
21 339
-
Employer
25 018
-
64 327
-
health
475
-
1 222
-
pensions
2 528
-
7 951
-
total
3 003
-
9 173
-
Corporate
45 479
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.

8 641
13 965
-
-
total
8 641
13 965
-
-
Dividends
36 838
59 535
-
-
withholding
2 763
10 029
-
-
total
2 763
10 029
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 198
23 994
30 512
23 789
After tax
52 302
49 506
42 988
49 711
Living cost
18 226
18 226
18 226
18 226
Free-cash
34 076
31 280
24 762
31 485

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5951
₴27508
₴38393
₴4127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
19 722
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
23 202
Employee
18 727
-
65 304
-
pensions
2 109
-
3 813
-
income
2 569
-
14 600
-
health
2 144
-
7 477
-
total
6 822
-
25 890
-
Employer
18 727
-
65 304
-
pensions
3 045
-
5 506
-
accident
313
-
1 091
-
unemployment
459
-
1 600
-
total
3 817
-
8 197
-
Corporate
50 957
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.

45 861
66 150
-
-
total
45 861
66 150
-
-
Dividends
5 096
7 350
-
-
withholding
968
1 396
-
-
total
968
1 396
-
-
Income
73 500
73 500
73 500
73 500
Total tax
57 468
67 546
34 087
23 202
After tax
16 032
5 954
39 413
50 298
Living cost
11 905
11 905
11 905
11 905
Free-cash
4 127
-5 951
27 508
38 393

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴55180
₴44057
₴34702
₴52870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 915
unemployment
-
-
-
882
work injury
-
-
-
368
health insurance
-
-
-
5 439
pensions
-
-
-
13 524
total
-
-
-
32 128
Employee

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

10 671
-
73 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
11 915
-
total
4 002
-
22 773
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 829
73 500
-
-
income

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

628
735
-
-
total
628
735
-
-
Dividends
62 200
72 765
-
-
withholding
9 330
10 915
-
-
total
9 330
10 915
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 960
11 650
22 773
32 128
After tax
59 540
61 850
50 727
41 372
Living cost
6 670
6 670
6 670
6 670
Free-cash
52 870
55 180
44 057
34 702

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19049
₴12088
₴15378
₴16803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 669
municipal
-
-
-
492
national
-
-
-
17 391
total
-
-
-
38 456
Employee
41 598
-
73 500
-
municipal
248
-
438
-
national
7 030
-
15 064
-
regional
628
-
1 459
-
social contributions
14 027
-
24 785
-
total
21 933
-
41 746
-
Employer
41 598
-
73 500
-
total
-
-
-
-
Corporate
31 902
73 500
-
-
municipal
1 537
3 543
-
-
nationa
7 656
17 640
-
-
total
9 193
21 183
-
-
Dividends
22 709
52 317
-
-
withholding
5 905
13 602
-
-
total
5 905
13 602
-
-
Income
73 500
73 500
73 500
73 500
Total tax
37 031
34 785
41 746
38 456
After tax
36 469
38 715
31 754
35 044
Living cost
19 666
19 666
19 666
19 666
Free-cash
16 803
19 049
12 088
15 378

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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