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
₴21976
₴32689
₴24768
₴27498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 120
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.

-
-
-
1 161
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.

-
-
-
3 410
trade
-
-
-
7 921
total
-
-
-
33 612
Employee

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

19 093
-
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
-
1 161
-
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.

533
-
21 120
-
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.

3 410
-
3 410
-
total
3 972
-
25 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 407
73 500
-
-
income
8 161
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.

449
606
-
-
chamber of commerce
154
181
-
-
trade
8 569
11 576
-
-
total
17 333
23 388
-
-
Dividends
37 073
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.

499
678
-
-
withholding
9 078
12 338
-
-
total
9 577
13 016
-
-
Income
73 500
73 500
73 500
73 500
Total tax
30 882
36 404
25 691
33 612
After tax
42 618
37 096
47 809
39 888
Living cost
15 120
15 120
15 120
15 120
Free-cash
27 498
21 976
32 689
24 768

Estimated living cost  is ₴15120 per week

₴9511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1763
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.
₴3564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19352
₴17761
₴17185
₴18911
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 920
national
-
-
-
12 273
pensions
-
-
-
8 820
total
-
-
-
29 803
Employee
41 099
-
63 540
-
municipal
5 076
-
8 205
-
pensions
1 644
-
2 542
-
national
7 866
-
12 714
-
total
14 586
-
23 461
-
Employer
41 099
-
63 540
-
pensions
3 288
-
5 083
-
social contributions
442
-
683
-
total
3 730
-
5 766
-
Corporate
25 959
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%.

5 192
14 700
-
-
total
5 192
14 700
-
-
Dividends
20 767
58 800
-
-
withholding
4 569
12 936
-
-
total
4 569
12 936
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 077
27 636
29 227
29 803
After tax
45 423
45 864
44 273
43 697
Living cost
26 512
26 512
26 512
26 512
Free-cash
18 911
19 352
17 761
17 185

Estimated living cost  is ₴26512 per week

₴18020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48415
₴34529
₴13309
₴44319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 937
surtax
-
-
-
18 743
social contributions

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

-
-
-
19 126
microenterprise
-
-
-
-
total
-
-
-
49 806
Employee
14 587
-
52 473
-
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.

1 605
-
5 772
-
income
2 597
-
10 173
-
total
4 202
-
15 945
-
Employer
14 587
-
52 473
-
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.

3 514
-
12 641
-
surtax
-
-
-
-
total
3 514
-
12 641
-
Corporate
55 400
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%.

11 080
14 700
-
-
total
11 080
14 700
-
-
Dividends

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

44 320
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
18 796
14 700
28 586
49 806
After tax
54 704
58 800
44 914
23 694
Living cost
10 385
10 385
10 385
10 385
Free-cash
44 319
48 415
34 529
13 309

Estimated living cost  is ₴10385 per week

₴6626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴989
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.
₴2535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15261
₴23442
₴20670
₴12204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 913
health
-
-
-
6 156
pensions
-
-
-
5 849
total
-
-
-
31 918
Employee
42 629
42 629
64 223
-
pensions
7 673
5 849
5 849
-
income

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

6 978
6 978
7 864
-
health
6 543
5 566
6 156
-
total
21 194
18 393
19 869
-
Employer
42 629
42 629
64 223
-
health
2 963
2 963
3 682
-
pensions
2 967
2 967
3 688
-
unemployment
1 535
1 535
1 907
-
total
7 465
7 465
9 277
-
Corporate
23 929
23 406
-
-
income
4 786
4 681
-
-
total
4 786
4 681
-
-
Dividends
19 143
18 725
-
-
income
4 068
3 979
-
-
withholding
2 871
2 809
-
-
total
6 939
6 788
-
-
Income
73 500
73 500
73 500
73 500
Total tax
40 384
37 327
29 146
31 918
After tax
33 116
36 173
44 354
41 582
Living cost
20 912
20 912
20 912
20 912
Free-cash
12 204
15 261
23 442
20 670

Estimated living cost  is ₴20912 per week

₴14820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20122
₴18162
₴18648
₴19673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 096
unemployment
-
-
-
44
health
-
-
-
2 736
municipal
-
-
-
18 129
national
-
-
-
4 010
pensions
-
-
-
4 740
total
-
-
-
34 843
Employee
28 510
-
59 722
-
municipal
8 502
-
17 809
-
national
-
-
3 741
-
total
8 502
-
21 550
-
Employer
28 510
-
59 722
-
health
1 753
-
2 697
-
pensions
3 082
-
4 740
-
accident
57
-
88
-
unemployment
753
-
1 158
-
other
3 313
-
5 096
-
total
8 958
-
13 779
-
Corporate
36 032
73 500
-
-
income
7 927
16 170
-
-
total
7 927
16 170
-
-
Dividends
28 105
57 330
-
-
withholding
8 431
17 199
-
-
total
8 431
17 199
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 818
33 369
35 329
34 843
After tax
39 682
40 131
38 171
38 657
Living cost
20 008
20 008
20 008
20 008
Free-cash
19 673
20 122
18 162
18 648

Estimated living cost  is ₴20008 per week

₴13261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17105
₴28198
₴19925
₴24119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 120
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.

-
-
-
1 161
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.

-
-
-
3 410
trade
-
-
-
8 273
total
-
-
-
33 964
Employee

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

25 315
-
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.

119
-
1 161
-
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.

2 175
-
21 120
-
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.

3 410
-
3 410
-
total
5 704
-
25 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 185
73 500
-
-
income
7 228
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.

398
606
-
-
chamber of commerce
144
180
-
-
trade
7 926
12 091
-
-
total
15 696
23 902
-
-
Dividends
32 489
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.

437
672
-
-
withholding
7 933
12 210
-
-
total
8 370
12 882
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 770
36 784
25 691
33 964
After tax
43 730
36 716
47 809
39 536
Living cost
19 611
19 611
19 611
19 611
Free-cash
24 119
17 105
28 198
19 925

Estimated living cost  is ₴19611 per week

₴13116
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴37475
₴34084
₴34769
₴35404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 589
social contributions
-
-
-
8 077
health
-
-
-
1 874
total
-
-
-
22 540
Employee
38 386
38 386
67 946
-
social contributions
1 865
3 186
4 297
-
income
4 031
3 553
12 219
-
health
382
653
1 155
-
total
6 278
7 392
17 671
-
Employer
38 386
38 386
67 946
-
health
416
710
1 257
-
social contributions
1 865
3 186
4 297
-
total
2 281
3 896
5 554
-
Corporate
48 749
31 218
-
-
income
6 094
3 902
-
-
total
6 094
3 902
-
-
Dividends
42 655
27 316
-
-
withholding
7 252
4 644
-
-
total
7 252
4 644
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 905
19 834
23 225
22 540
After tax
51 595
53 666
50 275
50 960
Living cost
16 191
16 191
16 191
16 191
Free-cash
35 404
37 475
34 084
34 769

Estimated living cost  is ₴16191 per week

₴11069
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.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32388
₴33682
₴41992
₴32577
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 102
health
-
-
-
5 145
pensions
-
-
-
7 350
total
-
-
-
22 582
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

12 884
5 128
61 506
-
unemployment
193
77
923
-
pensions
1 288
513
6 151
-
income
1 575
627
7 519
-
health
902
359
4 305
-
total
3 958
1 576
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.

12 884
5 128
61 506
-
pensions
2 512
1 000
11 994
-
total
2 512
1 000
11 994
-
Corporate
58 103
67 372
-
-
income
5 229
6 064
-
-
total
5 229
6 064
-
-
Dividends
52 874
61 309
-
-
social contributions
10 252
11 897
-
-
withholding
10 046
11 649
-
-
total
20 298
23 546
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 997
32 186
30 892
22 582
After tax
41 503
41 314
42 608
50 918
Living cost
8 926
8 926
8 926
8 926
Free-cash
32 577
32 388
33 682
41 992

Estimated living cost  is ₴8926 per week

₴6091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46743
₴30307
₴27339
₴43643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 161
-
54 933
-
unemployment
226
-
879
-
pensions
283
-
1 099
-
income
1 594
-
10 591
-
total
2 103
-
12 569
-
Employer
14 161
-
54 933
-
health
1 841
-
7 141
-
pensions
2 832
-
10 986
-
unemployment
114
-
440
-
total
4 787
-
18 567
-
Corporate
54 552
73 500
-
-
income
10 910
14 700
-
-
total
10 910
14 700
-
-
Dividends
43 641
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
17 800
14 700
31 136
34 104
After tax
55 700
58 800
42 364
39 396
Living cost
12 057
12 057
12 057
12 057
Free-cash
43 643
46 743
30 307
27 339

Estimated living cost  is ₴12057 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5138
₴28293
₴39208
₴4253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
19 688
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
23 200
Employee
17 449
-
65 257
-
pensions
1 965
-
3 847
-
income
2 394
-
14 552
-
health
1 998
-
7 472
-
total
6 357
-
25 871
-
Employer
17 449
-
65 257
-
pensions
2 837
-
5 555
-
accident
291
-
1 090
-
unemployment
427
-
1 599
-
total
3 555
-
8 244
-
Corporate
52 495
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.

47 246
66 150
-
-
total
47 246
66 150
-
-
Dividends
5 250
7 350
-
-
withholding
997
1 396
-
-
total
997
1 396
-
-
Income
73 500
73 500
73 500
73 500
Total tax
58 155
67 546
34 115
23 200
After tax
15 345
5 954
39 385
50 300
Living cost
11 092
11 092
11 092
11 092
Free-cash
4 253
-5 138
28 293
39 208

Estimated living cost  is ₴11092 per week

₴8130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65809
₴54784
₴68749
₴65056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
73 500
microenterprise

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

-
-
-
735
total
-
-
-
735
Employee
5 019
-
73 500
-
income
1 004
-
14 700
-
total
1 004
-
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%.

68 481
73 500
-
-
total
-
-
-
-
Dividends
68 481
73 500
-
-
withholding
3 424
3 675
-
-
total
3 424
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 428
3 675
14 700
735
After tax
69 072
69 825
58 800
72 765
Living cost
4 016
4 016
4 016
4 016
Free-cash
65 056
65 809
54 784
68 749

Estimated living cost  is ₴4016 per week

₴2489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
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.
₴1083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40698
₴28701
₴25662
₴37326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 171
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.

-
-
-
17 640
total
-
-
-
34 536
Employee
18 125
-
58 705
-
unemployment
181
-
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.

1 268
-
4 109
-
income
3 120
-
11 184
-
health
254
-
822
-
total
4 823
-
16 702
-
Employer
18 125
-
58 705
-
health
254
-
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.

3 082
-
9 980
-
accident
145
-
470
-
unemployment
181
-
587
-
other
907
-
2 936
-
total
4 569
-
14 795
-
Corporate
50 807
73 500
-
-
income
10 670
15 435
-
-
total
10 670
15 435
-
-
Dividends
40 137
58 065
-
-
withholding
2 810
4 065
-
-
total
2 810
4 065
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 872
19 500
31 497
34 536
After tax
50 628
54 000
42 003
38 964
Living cost
13 302
13 302
13 302
13 302
Free-cash
37 326
40 698
28 701
25 662

Estimated living cost  is ₴13302 per week

₴9398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16349
₴9782
₴16513
₴14940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 500
pensions
-
-
-
4 195
total
-
-
-
23 695
Employee
47 104
-
64 338
-
pensions
4 544
-
5 264
-
income
8 491
-
15 012
-
health
776
-
988
-
total
13 811
-
21 264
-
Employer
47 104
-
64 338
-
health
895
-
1 222
-
pensions
5 562
-
7 940
-
total
6 457
-
9 162
-
Corporate
19 940
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.

3 789
13 965
-
-
total
3 789
13 965
-
-
Dividends
16 151
59 535
-
-
withholding
1 211
9 894
-
-
total
1 211
9 894
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 268
23 859
30 426
23 695
After tax
48 232
49 641
43 074
49 805
Living cost
33 292
33 292
33 292
33 292
Free-cash
14 940
16 349
9 782
16 513

Estimated living cost  is ₴33292 per week

₴24947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴56298
₴54002
₴51276
₴53980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
15 680
Employee
8 665
-
70 079
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

761
-
1 531
-
income
866
-
7 008
-
health
399
-
802
-
total
2 121
-
9 533
-
Employer
8 665
-
70 079
-
health
598
-
1 203
-
pensions

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

955
-
1 921
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
unemployment
52
-
105
-
total
1 700
-
3 421
-
Corporate
63 134
73 500
-
-
income
6 314
7 350
-
-
total
6 314
7 350
-
-
Dividends
56 821
66 150
-
-
withholding
2 841
3 308
-
-
total
2 841
3 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
12 976
10 658
12 954
15 680
After tax
60 524
62 842
60 546
57 820
Living cost
6 544
6 544
6 544
6 544
Free-cash
53 980
56 298
54 002
51 276

Estimated living cost  is ₴6544 per week

₴3821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8492
₴16673
₴13901
₴9750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 913
health
-
-
-
6 156
pensions
-
-
-
5 849
total
-
-
-
31 918
Employee
46 282
42 629
64 223
-
pensions
5 849
5 849
5 849
-
income

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

6 978
6 978
7 864
-
health
5 774
5 566
6 156
-
total
18 601
18 393
19 869
-
Employer
46 282
42 629
64 223
-
health
3 216
2 963
3 682
-
pensions
3 221
2 967
3 688
-
unemployment
1 666
1 535
1 907
-
total
8 103
7 465
9 277
-
Corporate
19 115
23 406
-
-
income
3 823
4 681
-
-
total
3 823
4 681
-
-
Dividends
15 291
18 725
-
-
income
3 249
3 979
-
-
withholding
2 293
2 809
-
-
total
5 542
6 788
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 069
37 327
29 146
31 918
After tax
37 431
36 173
44 354
41 582
Living cost
27 681
27 681
27 681
27 681
Free-cash
9 750
8 492
16 673
13 901

Estimated living cost  is ₴27681 per week

₴20420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38372
₴25065
₴26845
₴34008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 896
social contributions
-
-
-
17 603
solidarity contribution
-
-
-
-
health
-
-
-
9 923
total
-
-
-
34 422
Employee
17 990
-
54 851
-
solidarity contribution
-
-
-
-
social contributions
1 169
-
3 565
-
income
2 159
-
6 582
-
health
2 429
-
7 405
-
total
5 757
-
17 552
-
Employer
17 990
-
54 851
-
health
1 619
-
4 937
-
social contributions
4 497
-
13 713
-
total
6 116
-
18 650
-
Corporate
49 394
73 500
-
-
income
9 385
13 965
-
-
total
9 385
13 965
-
-
Dividends
40 009
59 535
-
-
withholding
6 001
8 930
-
-
total
6 001
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 259
22 895
36 202
34 422
After tax
46 241
50 605
37 298
39 078
Living cost
12 233
12 233
12 233
12 233
Free-cash
34 008
38 372
25 065
26 845

Estimated living cost  is ₴12233 per week

₴8497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴870
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.
₴2625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18151
₴11486
₴14907
₴15545
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
853
municipal
-
-
-
437
national
-
-
-
17 335
total
-
-
-
37 529
Employee
44 366
-
73 500
-
municipal
235
-
389
-
national
7 688
-
15 026
-
regional
419
-
751
-
social contributions
14 960
-
24 784
-
total
23 302
-
40 950
-
Employer
44 366
-
73 500
-
total
-
-
-
-
Corporate
29 134
73 500
-
-
municipal
1 136
2 867
-
-
nationa
6 992
17 640
-
-
total
8 128
20 507
-
-
Dividends
21 006
52 993
-
-
withholding
5 461
13 778
-
-
total
5 461
13 778
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 891
34 285
40 950
37 529
After tax
36 609
39 215
32 550
35 971
Living cost
21 064
21 064
21 064
21 064
Free-cash
15 545
18 151
11 486
14 907

Estimated living cost  is ₴21064 per week

₴14683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4676
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35216
₴21756
₴23862
₴33661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 889
other
-
-
-
-
surtax
-
-
-
2 564
unemployment
-
-
-
114
health
-
-
-
4 730
pensions
-
-
-
13 325
total
-
-
-
38 622
Employee
16 508
-
60 719
-
other
-
-
-
-
unemployment
1 149
-
4 226
-
pensions
1 101
-
4 050
-
surtax
54
-
2 231
-
income
2 767
-
15 892
-
health
422
-
1 548
-
total
5 493
-
27 947
-
Employer
16 508
-
60 719
-
health
751
-
2 762
-
pensions
2 201
-
8 094
-
unemployment
523
-
1 925
-
other
-
-
-
-
total
3 475
-
12 781
-
Corporate
53 517
73 500
-
-
income
13 914
19 110
-
-
total
13 914
19 110
-
-
Dividends
39 603
54 390
-
-
withholding
5 941
8 158
-
-
total
5 941
8 158
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 823
27 268
40 728
38 622
After tax
44 677
46 232
32 772
34 878
Living cost
11 016
11 016
11 016
11 016
Free-cash
33 661
35 216
21 756
23 862

Estimated living cost  is ₴11016 per week

₴6735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26896
₴20329
₴27060
₴28409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 500
pensions
-
-
-
4 195
total
-
-
-
23 695
Employee
31 568
-
64 338
-
pensions
2 679
-
5 264
-
income
5 685
-
15 012
-
health
458
-
988
-
total
8 822
-
21 264
-
Employer
31 568
-
64 338
-
health
600
-
1 222
-
pensions
3 417
-
7 940
-
total
4 017
-
9 162
-
Corporate
37 915
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.

7 204
13 965
-
-
total
7 204
13 965
-
-
Dividends
30 712
59 535
-
-
withholding
2 303
9 894
-
-
total
2 303
9 894
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 346
23 859
30 426
23 695
After tax
51 154
49 641
43 074
49 805
Living cost
22 745
22 745
22 745
22 745
Free-cash
28 409
26 896
20 329
27 060

Estimated living cost  is ₴22745 per week

₴17040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
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.
₴3761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5868
₴17208
₴20782
₴11021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 206
health
-
-
-
165
city
-
-
-
775
national
-
-
-
861
pensions
-
-
-
6 762
total
-
-
-
13 239
Employee
46 201
-
65 786
-
unemployment
-
-
-
-
pensions
3 882
-
5 526
-
national
219
-
692
-
regional
1 513
-
2 750
-
city
496
-
707
-
health
104
-
148
-
total
6 214
-
9 823
-
Employer
46 201
-
65 786
-
health
104
-
148
-
pensions
3 882
-
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.

924
-
1 316
-
total
4 910
-
6 990
-
Corporate
21 881
73 500
-
-
regional
4 628
15 545
-
-
national
1 860
6 247
-
-
total
6 488
21 792
-
-
Dividends
15 394
51 708
-
-
withholding
5 388
18 097
-
-
total
5 388
18 097
-
-
Income
73 500
73 500
73 500
73 500
Total tax
23 000
39 889
16 813
13 239
After tax
50 500
33 611
56 687
60 261
Living cost
39 479
39 479
39 479
39 479
Free-cash
11 021
-5 868
17 208
20 782

Estimated living cost  is ₴39479 per week

₴25673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13472
₴24941
₴16317
₴21566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 120
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.

-
-
-
1 161
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.

-
-
-
3 410
trade
-
-
-
8 624
total
-
-
-
34 315
Employee

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

30 001
-
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.

194
-
1 161
-
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.

3 528
-
21 120
-
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.

3 410
-
3 410
-
total
7 132
-
25 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 499
73 500
-
-
income
6 525
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.

359
606
-
-
chamber of commerce
137
179
-
-
trade
7 460
12 605
-
-
total
14 481
24 415
-
-
Dividends
29 017
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.

388
664
-
-
withholding
7 065
12 081
-
-
total
7 453
12 745
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 066
37 160
25 691
34 315
After tax
44 434
36 340
47 809
39 185
Living cost
22 868
22 868
22 868
22 868
Free-cash
21 566
13 472
24 941
16 317

Estimated living cost  is ₴22868 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19966
₴24928
₴24574
₴22913
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 335
other
-
-
-
2 278
surtax
-
-
-
-
social contributions
-
-
-
2 095
health
-
-
-
2 657
pensions
-
-
-
14 482
total
-
-
-
31 847
Employee
21 365
-
57 759
-
pensions
2 416
-
3 654
-
surtax
-
-
-
-
social contributions
609
-
1 646
-
income
1 261
-
10 453
-
total
4 286
-
15 753
-
Employer
21 365
-
57 759
-
health
1 496
-
4 914
-
pensions
3 510
-
6 215
-
unemployment
865
-
2 339
-
social contributions
64
-
173
-
other
737
-
2 099
-
total
6 672
-
15 740
-
Corporate
45 463
73 500
-
-
income
12 730
20 580
-
-
surtax
-
-
-
-
total
12 730
20 580
-
-
Dividends
32 733
52 920
-
-
surtax
-
-
-
-
social contributions
5 630
9 102
-
-
withholding
4 190
6 773
-
-
total
9 820
15 875
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 508
36 455
31 493
31 847
After tax
39 992
37 045
42 007
41 653
Living cost
17 079
17 079
17 079
17 079
Free-cash
22 913
19 966
24 928
24 574

Estimated living cost  is ₴17079 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21658
₴26620
₴26266
₴24431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 335
other
-
-
-
2 278
surtax
-
-
-
-
social contributions
-
-
-
2 095
health
-
-
-
2 657
pensions
-
-
-
14 482
total
-
-
-
31 847
Employee
19 071
-
57 759
-
pensions
2 157
-
3 654
-
surtax
-
-
-
-
social contributions
544
-
1 646
-
income
983
-
10 453
-
total
3 684
-
15 753
-
Employer
19 071
-
57 759
-
health
1 335
-
4 914
-
pensions
3 134
-
6 215
-
unemployment
772
-
2 339
-
social contributions
57
-
173
-
other
658
-
2 099
-
total
5 956
-
15 740
-
Corporate
48 473
73 500
-
-
income
13 572
20 580
-
-
surtax
-
-
-
-
total
13 572
20 580
-
-
Dividends
34 901
52 920
-
-
surtax
-
-
-
-
social contributions
6 002
9 102
-
-
withholding
4 468
6 773
-
-
total
10 470
15 875
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 682
36 455
31 493
31 847
After tax
39 818
37 045
42 007
41 653
Living cost
15 387
15 387
15 387
15 387
Free-cash
24 431
21 658
26 620
26 266

Estimated living cost  is ₴15387 per week

₴8924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34256
₴35524
₴36616
₴34516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 131
total
-
-
-
26 299
Employee
16 926
-
73 500
-
social contributions
2 336
-
10 143
-
income
2 823
-
12 117
-
health
1 181
-
5 131
-
total
6 340
-
27 391
-
Employer
16 926
-
73 500
-
total
-
-
-
-
Corporate
56 574
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%.

2 829
3 675
-
-
total
2 829
3 675
-
-
Dividends
53 746
69 825
-
-
social contributions
7 417
9 636
-
-
withholding
8 062
10 474
-
-
health
3 751
4 874
-
-
total
19 230
24 984
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 399
28 659
27 391
26 299
After tax
45 101
44 841
46 109
47 201
Living cost
10 585
10 585
10 585
10 585
Free-cash
34 516
34 256
35 524
36 616

Estimated living cost  is ₴10585 per week

₴7084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23214
₴1675
₴19994
₴22444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 211
surtax
-
-
-
99
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
294
health
-
-
-
4 461
pensions
-
-
-
10 789
total
-
-
-
35 916
Employee
24 948
19 894
56 998
-
other
249
199
570
-
unemployment
748
597
1 710
-
pensions
2 555
2 037
5 836
-
income
2 840
1 467
13 636
-
health
965
770
2 205
-
total
7 357
5 070
23 957
-
Employer
24 948
19 894
56 998
-
chamber of commerce
99
80
228
-
health
943
752
2 154
-
pensions
3 131
2 497
7 153
-
accident
324
259
741
-
unemployment
748
597
1 710
-
surtax
99
99
99
-
payroll
748
597
1 710
-
other
1 185
944
2 707
-
total
7 277
5 825
16 502
-
Corporate
41 275
47 782
55 103
-
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.

10 319
11 946
13 776
-
total
10 319
11 946
13 776
-
Dividends
30 956
35 836
-
-
withholding
8 513
9 855
-
-
total
8 513
9 855
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 466
32 696
54 235
35 916
After tax
40 034
40 804
19 265
37 584
Living cost
17 590
17 590
17 590
17 590
Free-cash
22 444
23 214
1 675
19 994

Estimated living cost  is ₴17590 per week

₴11732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1501
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.
₴4069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22935
₴8482
₴13985
₴15449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 720
social contributions
-
-
-
11 504
national
-
-
-
26 090
total
-
-
-
41 314
Employee

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

35 708
-
56 929
-
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.

311
-
495
-
communal

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

1 862
-
2 969
-
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.

2 678
-
4 270
-
national
10 978
-
19 837
-
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.

1 678
-
2 675
-
total
17 507
-
30 246
-
Employer

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

35 708
-
56 929
-
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.

2 196
-
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.

3 164
-
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.

464
-
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.

521
-
831
-
surtax
4 049
-
6 455
-
total
10 394
-
16 571
-
Corporate
27 398
73 500
-
-
income
5 479
14 700
-
-
surtax
110
294
-
-
total
5 589
14 994
-
-
Dividends
21 809
58 507
-
-
withholding

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

6 360
17 370
-
-
total
6 360
17 370
-
-
Income
73 500
73 500
73 500
73 500
Total tax
39 850
32 364
46 817
41 314
After tax
33 650
41 136
26 683
32 186
Living cost
18 201
18 201
18 201
18 201
Free-cash
15 449
22 935
8 482
13 985

Estimated living cost  is ₴18201 per week

₴11724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31139
₴21205
₴23382
₴27463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
18 209
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
32 090
Employee
24 849
-
58 749
-
other
25
-
46
-
unemployment
386
-
717
-
pensions
1 168
-
2 175
-
income
5 243
-
16 578
-
total
6 822
-
19 516
-
Employer
24 849
-
58 749
-
pensions
5 864
-
10 920
-
accident
492
-
916
-
unemployment
1 367
-
2 545
-
other
198
-
370
-
total
7 921
-
14 751
-
Corporate
40 731
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.

6 109
11 025
-
-
total
6 109
11 025
-
-
Dividends
34 621
62 475
-
-
withholding
7 157
13 308
-
-
total
7 157
13 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 009
24 333
34 267
32 090
After tax
45 491
49 167
39 233
41 410
Living cost
18 028
18 028
18 028
18 028
Free-cash
27 463
31 139
21 205
23 382

Estimated living cost  is ₴18028 per week

₴13276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16655
₴13757
₴10828
₴11032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 455
surtax
-
-
-
3 643
health
-
-
-
5 164
pensions
-
-
-
11 016
total
-
-
-
35 544
Employee
37 804
-
65 654
-
pensions
3 024
-
5 252
-
surtax
2 317
-
4 023
-
income
3 651
-
12 572
-
health
1 682
-
2 922
-
total
10 674
-
24 769
-
Employer
37 804
-
65 654
-
health
1 153
-
2 003
-
pensions
3 024
-
5 252
-
accident
340
-
591
-
total
4 517
-
7 846
-
Corporate
31 179
73 500
-
-
communal
2 105
4 961
-
-
income
4 677
11 025
-
-
surtax
328
772
-
-
total
7 110
16 758
-
-
Dividends
24 070
56 742
-
-
income
9 429
4 447
-
-
withholding
3 610
8 512
-
-
total
13 039
12 959
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 340
29 717
32 615
35 544
After tax
38 160
43 783
40 885
37 956
Living cost
27 128
27 128
27 128
27 128
Free-cash
11 032
16 655
13 757
10 828

Estimated living cost  is ₴27128 per week

₴20350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35019
₴21559
₴23665
₴33431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 889
other
-
-
-
-
surtax
-
-
-
2 564
unemployment
-
-
-
114
health
-
-
-
4 730
pensions
-
-
-
13 325
total
-
-
-
38 622
Employee
16 811
-
60 719
-
other
-
-
-
-
unemployment
1 170
-
4 226
-
pensions
1 122
-
4 050
-
surtax
60
-
2 231
-
income
2 818
-
15 892
-
health
429
-
1 548
-
total
5 599
-
27 947
-
Employer
16 811
-
60 719
-
health
764
-
2 762
-
pensions
2 241
-
8 094
-
unemployment
533
-
1 925
-
other
-
-
-
-
total
3 538
-
12 781
-
Corporate
53 150
73 500
-
-
income
13 819
19 110
-
-
total
13 819
19 110
-
-
Dividends
39 331
54 390
-
-
withholding
5 900
8 158
-
-
total
5 900
8 158
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 856
27 268
40 728
38 622
After tax
44 644
46 232
32 772
34 878
Living cost
11 213
11 213
11 213
11 213
Free-cash
33 431
35 019
21 559
23 665

Estimated living cost  is ₴11213 per week

₴6770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25186
₴18865
₴22269
₴24077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 108
municipal
-
-
-
437
national
-
-
-
17 335
total
-
-
-
37 784
Employee
27 691
-
73 500
-
municipal
147
-
389
-
national
4 387
-
15 026
-
regional
373
-
989
-
social contributions
9 338
-
24 784
-
total
14 245
-
41 188
-
Employer
27 691
-
73 500
-
total
-
-
-
-
Corporate
45 809
73 500
-
-
municipal
2 276
3 653
-
-
nationa
10 994
17 640
-
-
total
13 270
21 293
-
-
Dividends
32 539
52 207
-
-
withholding
8 461
13 574
-
-
total
8 461
13 574
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 976
34 867
41 188
37 784
After tax
37 524
38 633
32 312
35 716
Living cost
13 447
13 447
13 447
13 447
Free-cash
24 077
25 186
18 865
22 269

Estimated living cost  is ₴13447 per week

₴8363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35531
₴22224
₴24004
₴30153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 896
social contributions
-
-
-
17 603
solidarity contribution
-
-
-
-
health
-
-
-
9 923
total
-
-
-
34 422
Employee
22 168
-
54 851
-
solidarity contribution
-
-
-
-
social contributions
1 441
-
3 565
-
income
2 660
-
6 582
-
health
2 993
-
7 405
-
total
7 094
-
17 552
-
Employer
22 168
-
54 851
-
health
1 995
-
4 937
-
social contributions
5 542
-
13 713
-
total
7 537
-
18 650
-
Corporate
43 795
73 500
-
-
income
8 321
13 965
-
-
total
8 321
13 965
-
-
Dividends
35 474
59 535
-
-
withholding
5 321
8 930
-
-
total
5 321
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 273
22 895
36 202
34 422
After tax
45 227
50 605
37 298
39 078
Living cost
15 074
15 074
15 074
15 074
Free-cash
30 153
35 531
22 224
24 004

Estimated living cost  is ₴15074 per week

₴11210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴835
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24933
₴3356
₴21757
₴24685
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 211
surtax
-
-
-
-
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
294
health
-
-
-
4 461
pensions
-
-
-
10 789
total
-
-
-
35 817
Employee
21 821
19 894
57 075
-
other
218
199
570
-
unemployment
655
597
1 712
-
pensions
2 235
2 037
5 845
-
income
1 944
1 467
13 662
-
health
844
770
2 209
-
total
5 896
5 070
23 998
-
Employer
21 821
19 894
57 075
-
chamber of commerce
87
80
228
-
health
825
752
2 157
-
pensions
2 739
2 497
7 163
-
accident
283
259
742
-
unemployment
655
597
1 712
-
surtax
-
-
-
-
payroll
655
597
1 712
-
other
1 036
944
2 711
-
total
6 280
5 726
16 425
-
Corporate
45 399
47 881
55 181
-
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.

11 350
11 970
13 795
-
total
11 350
11 970
13 795
-
Dividends
34 049
35 910
-
-
withholding
9 363
9 875
-
-
total
9 363
9 875
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 889
32 641
54 218
35 817
After tax
40 611
40 859
19 282
37 683
Living cost
15 926
15 926
15 926
15 926
Free-cash
24 685
24 933
3 356
21 757

Estimated living cost  is ₴15926 per week

₴9554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1627
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.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63567
₴52542
₴66507
₴62393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 822
-
73 500
-
income
1 565
-
14 700
-
total
1 565
-
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%.

65 678
73 500
-
-
total
-
-
-
-
Dividends
65 678
73 500
-
-
withholding
3 284
3 675
-
-
total
3 284
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 849
3 675
14 700
735
After tax
68 651
69 825
58 800
72 765
Living cost
6 258
6 258
6 258
6 258
Free-cash
62 393
63 567
52 542
66 507

Estimated living cost  is ₴6258 per week

₴4235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37215
₴21294
₴23240
₴33039
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 105
unemployment
-
-
-
110
health
-
-
-
7 232
pensions
-
-
-
13 423
total
-
-
-
36 870
Employee

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

22 075
-
63 599
-
unemployment
31
-
89
-
pensions
3 422
-
9 858
-
income
3 807
-
14 859
-
health
1 426
-
4 109
-
total
8 686
-
28 915
-
Employer

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

22 075
-
63 599
-
health
1 470
-
4 235
-
pensions
1 953
-
5 628
-
unemployment
13
-
38
-
total
3 436
-
9 901
-
Corporate
47 988
73 500
-
-
income
9 118
13 965
-
-
total
9 118
13 965
-
-
Dividends
38 871
59 535
-
-
withholding
5 831
8 930
-
-
total
5 831
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 071
22 895
38 816
36 870
After tax
46 429
50 605
34 684
36 630
Living cost
13 390
13 390
13 390
13 390
Free-cash
33 039
37 215
21 294
23 240

Estimated living cost  is ₴13390 per week

₴9189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23382
₴45661
₴29459
-₴224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 591
-
-
-
social contributions
2 508
-
357
-
income
6 748
-
-
-
total
9 256
-
357
-
Employer
30 591
-
-
-
social contributions
43 133
-
6 147
-
total
43 133
-
6 147
-
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
52 389
28 783
6 504
22 706
After tax
21 111
44 717
66 996
50 794
Living cost
21 335
21 335
21 335
21 335
Free-cash
-224
23 382
45 661
29 459

Estimated living cost  is ₴21335 per week

₴13843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26149
₴19058
₴24203
₴25646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 097
surtax
-
-
-
-
social contributions

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

-
-
-
25 542
total
-
-
-
33 639
Employee
22 959
-
59 393
-
surtax
-
-
-
-
social contributions
2 526
-
6 534
-
income
4 776
-
18 144
-
total
7 302
-
24 678
-
Employer
22 959
-
59 393
-
social contributions
5 453
-
14 106
-
total
5 453
-
14 106
-
Corporate
45 088
73 500
-
-
income
9 468
15 435
-
-
surtax
-
-
-
-
total
9 468
15 435
-
-
Dividends
35 620
58 065
-
-
withholding
9 973
16 258
-
-
total
9 973
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 196
31 693
38 784
33 639
After tax
41 304
41 807
34 716
39 861
Living cost
15 658
15 658
15 658
15 658
Free-cash
25 646
26 149
19 058
24 203

Estimated living cost  is ₴15658 per week

₴11716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12934
₴17896
₴17542
₴16366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 335
other
-
-
-
2 278
surtax
-
-
-
-
social contributions
-
-
-
2 095
health
-
-
-
2 657
pensions
-
-
-
14 482
total
-
-
-
31 847
Employee
31 266
-
57 759
-
pensions
3 536
-
3 654
-
surtax
-
-
-
-
social contributions
890
-
1 646
-
income
2 728
-
10 453
-
total
7 154
-
15 753
-
Employer
31 266
-
57 759
-
health
2 188
-
4 914
-
pensions
5 137
-
6 215
-
unemployment
1 267
-
2 339
-
social contributions
94
-
173
-
other
1 079
-
2 099
-
total
9 765
-
15 740
-
Corporate
32 469
73 500
-
-
income
9 091
20 580
-
-
surtax
-
-
-
-
total
9 091
20 580
-
-
Dividends
23 378
52 920
-
-
surtax
-
-
-
-
social contributions
4 020
9 102
-
-
withholding
2 993
6 773
-
-
total
7 013
15 875
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 023
36 455
31 493
31 847
After tax
40 477
37 045
42 007
41 653
Living cost
24 111
24 111
24 111
24 111
Free-cash
16 366
12 934
17 896
17 542

Estimated living cost  is ₴24111 per week

₴16318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51144
₴41575
₴39622
₴49467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 702
social contributions
-
-
-
16 170
total
-
-
-
18 872
Employee
16 049
-
63 636
-
income
-
-
2 919
-
social contributions
1 043
-
4 136
-
total
1 043
-
7 055
-
Employer
16 049
-
63 636
-
social contributions
2 488
-
9 864
-
total
2 488
-
9 864
-
Corporate
54 964
73 500
-
-
income
5 496
7 350
-
-
total
5 496
7 350
-
-
Dividends
49 467
66 150
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
9 027
7 350
16 919
18 872
After tax
64 473
66 150
56 581
54 628
Living cost
15 006
15 006
15 006
15 006
Free-cash
49 467
51 144
41 575
39 622

Estimated living cost  is ₴15006 per week

₴9702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1131
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.
₴3890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴35257
-₴35257
₴20142
-₴35257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 845
municipal
-
-
-
14 882
national
-
-
-
8 158
pensions
-
-
-
433
total
-
-
-
29 318
Employee
101 467
101 467
101 467
-
municipal
21 607
21 607
21 607
-
labour market
8 106
8 106
8 106
-
pensions
144
144
144
-
national
12 396
12 396
12 396
-
total
42 253
42 253
42 253
-
Employer
101 467
101 467
101 467
-
national
12 418
12 418
12 418
-
labour market
8 117
8 117
8 117
-
pensions
288
288
288
-
municipal
21 641
21 641
21 641
-
total
42 464
42 464
42 464
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
84 717
84 717
84 717
29 318
After tax
-11 217
-11 217
-11 217
44 182
Living cost
24 040
24 040
24 040
24 040
Free-cash
-35 257
-35 257
-35 257
20 142

Estimated living cost  is ₴24040 per week

₴16453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4975
₴28456
₴39371
₴4278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
19 688
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
23 200
Employee
17 191
-
65 257
-
pensions
1 936
-
3 847
-
income
2 358
-
14 552
-
health
1 969
-
7 472
-
total
6 263
-
25 871
-
Employer
17 191
-
65 257
-
pensions
2 795
-
5 555
-
accident
287
-
1 090
-
unemployment
421
-
1 599
-
total
3 503
-
8 244
-
Corporate
52 805
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.

47 524
66 150
-
-
total
47 524
66 150
-
-
Dividends
5 280
7 350
-
-
withholding
1 003
1 396
-
-
total
1 003
1 396
-
-
Income
73 500
73 500
73 500
73 500
Total tax
58 293
67 546
34 115
23 200
After tax
15 207
5 954
39 385
50 300
Living cost
10 929
10 929
10 929
10 929
Free-cash
4 278
-4 975
28 456
39 371

Estimated living cost  is ₴10929 per week

₴7955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27787
₴20308
₴30337
₴28695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
924
municipal
-
-
-
13 064
national
-
-
-
10 009
total
-
-
-
23 997
Employee
26 264
-
61 832
-
municipal
4 302
-
10 078
-
unemployment
394
-
927
-
pensions
1 772
-
4 174
-
national
434
-
6 435
-
health
196
-
744
-
total
7 098
-
22 358
-
Employer
26 264
-
61 832
-
health
202
-
477
-
pensions
4 557
-
10 727
-
accident
27
-
62
-
unemployment
171
-
402
-
total
4 957
-
11 668
-
Corporate
42 281
73 500
-
-
income
8 456
14 700
-
-
total
8 456
14 700
-
-
Dividends

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

25 369
44 100
-
-
municipal
4 566
7 938
-
-
national
562
3 909
-
-
total
5 128
11 847
-
-
Income
73 500
73 500
73 500
73 500
Total tax
25 639
26 547
34 026
23 997
After tax
47 861
46 953
39 474
49 503
Living cost
19 166
19 166
19 166
19 166
Free-cash
28 695
27 787
20 308
30 337

Estimated living cost  is ₴19166 per week

₴12519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42108
₴38717
₴39402
₴39392
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 589
social contributions
-
-
-
8 077
health
-
-
-
1 874
total
-
-
-
22 540
Employee
38 386
38 386
67 946
-
social contributions
1 451
3 186
4 297
-
income
4 180
3 553
12 219
-
health
297
653
1 155
-
total
5 928
7 392
17 671
-
Employer
38 386
38 386
67 946
-
health
323
710
1 257
-
social contributions
1 451
3 186
4 297
-
total
1 774
3 896
5 554
-
Corporate
54 240
31 218
-
-
income
6 780
3 902
-
-
total
6 780
3 902
-
-
Dividends
47 460
27 316
-
-
withholding
8 068
4 644
-
-
total
8 068
4 644
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 550
19 834
23 225
22 540
After tax
50 950
53 666
50 275
50 960
Living cost
11 558
11 558
11 558
11 558
Free-cash
39 392
42 108
38 717
39 402

Estimated living cost  is ₴11558 per week

₴6927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52940
₴43205
₴53219
₴50400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 359
unemployment
-
-
-
14
health
-
-
-
1 807
pensions
-
-
-
3 175
total
-
-
-
12 355
Employee

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

11 458
-
68 621
-
unemployment
57
-
237
-
pensions
1 718
-
7 105
-
income
783
-
6 122
-
health
974
-
4 026
-
total
3 532
-
17 490
-
Employer

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

11 458
-
68 621
-
health
493
-
2 037
-
pensions
630
-
2 605
-
unemployment
57
-
237
-
total
1 180
-
4 879
-
Corporate
60 862
73 500
-
-
income
5 477
6 615
-
-
total
5 477
6 615
-
-
Dividends
55 385
66 885
-
-
withholding
4 985
6 019
-
-
total
4 985
6 019
-
-
Income
73 500
73 500
73 500
73 500
Total tax
15 174
12 634
22 369
12 355
After tax
58 326
60 866
51 131
61 145
Living cost
7 926
7 926
7 926
7 926
Free-cash
50 400
52 940
43 205
53 219

Estimated living cost  is ₴7926 per week

₴5057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
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.
₴2061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35440
₴25506
₴27683
₴33122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
18 209
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
32 090
Employee
18 458
-
58 749
-
other
18
-
46
-
unemployment
286
-
717
-
pensions
868
-
2 175
-
income
3 559
-
16 578
-
total
4 731
-
19 516
-
Employer
18 458
-
58 749
-
pensions
4 356
-
10 920
-
accident
366
-
916
-
unemployment
1 016
-
2 545
-
other
148
-
370
-
total
5 886
-
14 751
-
Corporate
49 157
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.

7 374
11 025
-
-
total
7 374
11 025
-
-
Dividends
41 783
62 475
-
-
withholding
8 660
13 308
-
-
total
8 660
13 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 651
24 333
34 267
32 090
After tax
46 849
49 167
39 233
41 410
Living cost
13 727
13 727
13 727
13 727
Free-cash
33 122
35 440
25 506
27 683

Estimated living cost  is ₴13727 per week

₴9266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1320
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.
₴2902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44856
₴46104
₴46175
₴44690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 049
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
26 317
Employee
1 535
-
72 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
25 010
-
health
77
-
184
-
total
527
-
25 562
-
Employer
1 535
-
72 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
73
-
total
346
-
826
-
Corporate
71 620
73 500
-
-
income
15 756
16 170
-
-
total
15 756
16 170
-
-
Dividends
55 864
57 330
-
-
withholding
11 173
11 466
-
-
total
11 173
11 466
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 802
27 636
26 388
26 317
After tax
45 698
45 864
47 112
47 183
Living cost
1 008
1 008
1 008
1 008
Free-cash
44 690
44 856
46 104
46 175

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44470
₴34629
₴34630
₴42013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 290
unemployment
-
-
-
553
health
-
-
-
3 800
pensions
-
-
-
9 593
total
-
-
-
30 236
Employee

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

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

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

13 019
-
66 896
-
unemployment
98
-
277
-
pensions
1 823
-
5 165
-
income
1 795
-
16 290
-
health
670
-
1 900
-
total
4 386
-
23 632
-
Employer

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

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

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

13 019
-
66 896
-
health
670
-
1 900
-
pensions
1 562
-
4 428
-
unemployment
98
-
277
-
total
2 330
-
6 605
-
Corporate
58 150
73 500
-
-
income
8 723
11 025
-
-
total
8 723
11 025
-
-
Dividends
49 428
62 475
-
-
withholding
7 414
9 371
-
-
total
7 414
9 371
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 853
20 396
30 237
30 236
After tax
50 647
53 104
43 263
43 264
Living cost
8 634
8 634
8 634
8 634
Free-cash
42 013
44 470
34 629
34 630

Estimated living cost  is ₴8634 per week

₴5813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28349
₴21258
₴26403
₴28169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 097
surtax
-
-
-
-
social contributions

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

-
-
-
25 542
total
-
-
-
33 639
Employee
19 375
-
59 393
-
surtax
-
-
-
-
social contributions
2 131
-
6 534
-
income
3 786
-
18 144
-
total
5 917
-
24 678
-
Employer
19 375
-
59 393
-
social contributions
4 601
-
14 106
-
total
4 601
-
14 106
-
Corporate
49 524
73 500
-
-
income
10 400
15 435
-
-
surtax
-
-
-
-
total
10 400
15 435
-
-
Dividends
39 124
58 065
-
-
withholding
10 955
16 258
-
-
total
10 955
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 873
31 693
38 784
33 639
After tax
41 627
41 807
34 716
39 861
Living cost
13 458
13 458
13 458
13 458
Free-cash
28 169
28 349
21 258
26 403

Estimated living cost  is ₴13458 per week

₴9532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴31623
₴21689
₴23866
₴28119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
417
income
-
-
-
18 209
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
32 090
Employee
24 109
-
58 749
-
other
24
-
46
-
unemployment
373
-
717
-
pensions
1 133
-
2 175
-
income
5 035
-
16 578
-
total
6 565
-
19 516
-
Employer
24 109
-
58 749
-
pensions
5 690
-
10 920
-
accident
477
-
916
-
unemployment
1 326
-
2 545
-
other
193
-
370
-
total
7 686
-
14 751
-
Corporate
41 704
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.

6 256
11 025
-
-
total
6 256
11 025
-
-
Dividends
35 448
62 475
-
-
withholding
7 330
13 308
-
-
total
7 330
13 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 837
24 333
34 267
32 090
After tax
45 663
49 167
39 233
41 410
Living cost
17 544
17 544
17 544
17 544
Free-cash
28 119
31 623
21 689
23 866

Estimated living cost  is ₴17544 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴3334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54256
₴51960
₴49234
₴51214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
15 680
Employee
11 369
-
70 079
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

998
-
1 531
-
income
1 137
-
7 008
-
health
523
-
802
-
total
2 783
-
9 533
-
Employer
11 369
-
70 079
-
health
785
-
1 203
-
pensions

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

1 253
-
1 921
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 231
-
3 421
-
Corporate
59 900
73 500
-
-
income
5 990
7 350
-
-
total
5 990
7 350
-
-
Dividends
53 910
66 150
-
-
withholding
2 696
3 308
-
-
total
2 696
3 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 700
10 658
12 954
15 680
After tax
59 800
62 842
60 546
57 820
Living cost
8 586
8 586
8 586
8 586
Free-cash
51 214
54 256
51 960
49 234

Estimated living cost  is ₴8586 per week

₴5679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18578
₴28536
₴21319
₴25108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
21 120
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.

-
-
-
1 161
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.

-
-
-
3 410
trade
-
-
-
7 217
total
-
-
-
32 908
Employee

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

24 838
-
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.

113
-
1 161
-
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.

2 042
-
21 120
-
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.

3 410
-
3 410
-
total
5 565
-
25 691
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 662
73 500
-
-
income
7 299
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.

402
606
-
-
chamber of commerce
147
184
-
-
trade
6 983
10 547
-
-
total
14 831
22 362
-
-
Dividends
33 831
51 138
-
-
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.

455
692
-
-
withholding
8 268
12 595
-
-
total
8 723
13 287
-
-
Income
73 500
73 500
73 500
73 500
Total tax
29 119
35 649
25 691
32 908
After tax
44 381
37 851
47 809
40 592
Living cost
19 273
19 273
19 273
19 273
Free-cash
25 108
18 578
28 536
21 319

Estimated living cost  is ₴19273 per week

₴13295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
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.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴23014
₴11987
₴11987
₴24116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 149
social contributions
-
-
-
11 928
total
-
-
-
33 077
Employee
39 048
-
73 500
-
income
7 368
-
21 149
-
social contributions
3 244
-
11 928
-
total
10 612
-
33 077
-
Employer
39 048
-
73 500
-
total
-
-
-
-
Corporate
34 452
73 500
-
-
income
4 307
9 187
-
-
total
4 307
9 187
-
-
Dividends
30 145
64 313
-
-
withholding
6 029
12 863
-
-
total
6 029
12 863
-
-
Income
73 500
73 500
73 500
73 500
Total tax
20 948
22 050
33 077
33 077
After tax
52 552
51 450
40 423
40 423
Living cost
28 436
28 436
28 436
28 436
Free-cash
24 116
23 014
11 987
11 987

Estimated living cost  is ₴28436 per week

₴21634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27017
₴35020
₴38149
₴28762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 210
health

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

-
-
-
3 020
total
-
-
-
17 230
Employee
22 900
-
71 204
-
income
2 485
-
15 767
-
social contributions
2 294
-
2 296
-
total
4 779
-
18 063
-
Employer
22 900
-
71 204
-
social contributions
2 294
-
2 296
-
total
2 294
-
2 296
-
Corporate
48 305
73 500
-
-
income
16 907
25 725
-
-
total
16 907
25 725
-
-
Dividends
31 399
47 775
-
-
social contributions
2 637
2 637
-
-
total
2 637
2 637
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 617
28 362
20 359
17 230
After tax
46 883
45 138
53 141
56 270
Living cost
18 121
18 121
18 121
18 121
Free-cash
28 762
27 017
35 020
38 149

Estimated living cost  is ₴18121 per week

₴11936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31150
₴24583
₴31314
₴33771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 500
pensions
-
-
-
4 195
total
-
-
-
23 695
Employee
25 381
-
64 338
-
pensions
1 937
-
5 264
-
income
4 622
-
15 012
-
health
331
-
988
-
total
6 890
-
21 264
-
Employer
25 381
-
64 338
-
health
482
-
1 222
-
pensions
2 564
-
7 940
-
total
3 046
-
9 162
-
Corporate
45 072
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.

8 563
13 965
-
-
total
8 563
13 965
-
-
Dividends
36 509
59 535
-
-
withholding
2 739
9 894
-
-
total
2 739
9 894
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 238
23 859
30 426
23 695
After tax
52 262
49 641
43 074
49 805
Living cost
18 491
18 491
18 491
18 491
Free-cash
33 771
31 150
24 583
31 314

Estimated living cost  is ₴18491 per week

₴12684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6057
₴27374
₴38289
₴4112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
19 688
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
23 200
Employee
18 893
-
65 257
-
pensions
2 127
-
3 847
-
income
2 592
-
14 552
-
health
2 163
-
7 472
-
total
6 882
-
25 871
-
Employer
18 893
-
65 257
-
pensions
3 072
-
5 555
-
accident
315
-
1 090
-
unemployment
463
-
1 599
-
total
3 850
-
8 244
-
Corporate
50 757
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.

45 681
66 150
-
-
total
45 681
66 150
-
-
Dividends
5 076
7 350
-
-
withholding
964
1 396
-
-
total
964
1 396
-
-
Income
73 500
73 500
73 500
73 500
Total tax
57 377
67 546
34 115
23 200
After tax
16 123
5 954
39 385
50 300
Living cost
12 011
12 011
12 011
12 011
Free-cash
4 112
-6 057
27 374
38 289

Estimated living cost  is ₴12011 per week

₴8814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55106
₴43877
₴34644
₴52772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 900
unemployment
-
-
-
882
work injury
-
-
-
367
health insurance
-
-
-
5 439
pensions
-
-
-
13 524
total
-
-
-
32 112
Employee

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

10 790
-
73 500
-
health insurance
798
-
2 954
-
unemployment
129
-
479
-
work injury
54
-
200
-
pensions
1 985
-
7 346
-
income
1 079
-
11 900
-
total
4 045
-
22 879
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 710
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%.

627
735
-
-
total
627
735
-
-
Dividends
62 083
72 765
-
-
withholding
9 312
10 915
-
-
total
9 312
10 915
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 984
11 650
22 879
32 112
After tax
59 516
61 850
50 621
41 388
Living cost
6 744
6 744
6 744
6 744
Free-cash
52 772
55 106
43 877
34 644

Estimated living cost  is ₴6744 per week

₴4178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18827
₴11909
₴15214
₴16557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 668
municipal
-
-
-
492
national
-
-
-
17 335
total
-
-
-
38 399
Employee
42 066
-
73 500
-
municipal
251
-
439
-
national
7 109
-
15 026
-
regional
635
-
1 455
-
social contributions
14 184
-
24 784
-
total
22 179
-
41 704
-
Employer
42 066
-
73 500
-
total
-
-
-
-
Corporate
31 434
73 500
-
-
municipal
1 515
3 543
-
-
nationa
7 544
17 640
-
-
total
9 059
21 183
-
-
Dividends
22 375
52 317
-
-
withholding
5 818
13 603
-
-
total
5 818
13 603
-
-
Income
73 500
73 500
73 500
73 500
Total tax
37 056
34 786
41 704
38 399
After tax
36 444
38 714
31 796
35 101
Living cost
19 887
19 887
19 887
19 887
Free-cash
16 557
18 827
11 909
15 214

Estimated living cost  is ₴19887 per week

₴13969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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