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
₴24101
₴28838
₴25418
₴33858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
73 500
trade
-
-
-
8 440
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.

-
-
-
22 505
health

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

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

-
-
-
2 926
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.

-
-
-
1 238
total
-
-
-
35 109
Employee

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

16 381
-
73 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
1 238
-
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.

458
-
22 505
-
total
3 409
-
26 669
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 119
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.

471
606
-
-
income
8 568
11 025
-
-
trade
8 996
11 576
-
-
chamber of commerce
147
171
-
-
total
18 182
23 378
-
-
Dividends
38 936
50 122
-
-
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.

527
680
-
-
withholding
9 571
12 368
-
-
total
10 098
13 048
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 689
36 426
26 669
35 109
After tax
41 811
37 074
46 831
38 391
Living cost
12 973
12 973
12 973
12 973
Free-cash
28 838
24 101
33 858
25 418

Estimated living cost  is ₴12973 per week

₴8160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24223
₴23862
₴21751
₴22257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
8 040
pensions
-
-
-
8 820
national
-
-
-
12 458
social contributions
-
-
-
790
total
-
-
-
30 108
Employee
33 548
-
63 540
-
municipal
4 144
-
8 324
-
pensions
1 342
-
2 542
-
national
6 421
-
12 970
-
total
11 907
-
23 836
-
Employer
33 548
-
63 540
-
social contributions
361
-
683
-
pensions
2 684
-
5 083
-
total
3 045
-
5 766
-
Corporate
34 693
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%.

6 939
14 700
-
-
total
6 939
14 700
-
-
Dividends
27 755
58 800
-
-
withholding
6 106
12 936
-
-
total
6 106
12 936
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 997
27 636
29 602
30 108
After tax
45 503
45 864
43 898
43 392
Living cost
21 641
21 641
21 641
21 641
Free-cash
23 862
24 223
22 257
21 751

Estimated living cost  is ₴21641 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49890
₴46376
₴16287
₴21716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
13 151
surtax
-
-
-
18 742
social contributions

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

-
-
-
16 410
total
-
-
-
48 303
Employee
12 515
-
55 138
-
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.

1 377
-
5 615
-
surtax
-
-
7 995
-
income
2 228
-
10 903
-
total
3 605
-
24 513
-
Employer
12 515
-
55 138
-
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.

3 015
-
12 296
-
surtax
-
-
6 065
-
total
3 015
-
18 361
-
Corporate
57 971
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%.

11 594
14 700
-
-
total
11 594
14 700
-
-
Dividends

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

46 377
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
18 214
14 700
42 874
48 303
After tax
55 286
58 800
30 626
25 197
Living cost
8 910
8 910
8 910
8 910
Free-cash
46 376
49 890
21 716
16 287

Estimated living cost  is ₴8910 per week

₴5684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18417
₴15793
₴22772
₴27769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 487
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
32 786
Employee
36 574
36 574
65 541
-
health
5 614
4 775
5 281
-
income

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

5 987
5 987
9 531
-
pensions
6 583
5 018
5 018
-
total
18 184
15 780
19 830
-
Employer
36 574
36 574
65 541
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
30 970
30 521
-
-
income
6 194
6 105
-
-
total
6 194
6 105
-
-
Dividends
24 776
24 417
-
-
income
5 265
5 189
-
-
withholding
3 717
3 662
-
-
total
8 982
8 851
-
-
Income
73 500
73 500
73 500
73 500
Total tax
39 765
37 141
27 789
32 786
After tax
33 735
36 359
45 711
40 714
Living cost
17 942
17 942
17 942
17 942
Free-cash
15 793
18 417
27 769
22 772

Estimated living cost  is ₴17942 per week

₴12715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23583
₴23212
₴21166
₴20766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
18 785
accident
-
-
-
73
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
6 495
total
-
-
-
35 786
Employee
23 579
-
62 105
-
municipal
7 031
-
18 520
-
national
-
-
6 272
-
total
7 031
-
24 792
-
Employer
23 579
-
62 105
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 394
-
Corporate
42 512
73 500
-
-
income
9 353
16 170
-
-
total
9 353
16 170
-
-
Dividends
33 160
57 330
-
-
withholding
9 948
17 199
-
-
total
9 948
17 199
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 740
33 369
36 186
35 786
After tax
39 760
40 131
37 314
37 714
Living cost
16 548
16 548
16 548
16 548
Free-cash
23 212
23 583
20 766
21 166

Estimated living cost  is ₴16548 per week

₴10967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19871
₴25888
₴21191
₴30006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
73 500
trade
-
-
-
8 815
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.

-
-
-
22 505
health

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

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

-
-
-
2 926
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.

-
-
-
1 238
total
-
-
-
35 484
Employee

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

21 719
-
73 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
1 238
-
income

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

1 866
-
22 505
-
total
4 894
-
26 669
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 781
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.

428
606
-
-
income
7 767
11 025
-
-
trade
8 518
12 091
-
-
chamber of commerce
139
170
-
-
total
16 852
23 892
-
-
Dividends
34 930
49 608
-
-
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.

471
673
-
-
withholding
8 570
12 239
-
-
total
9 041
12 912
-
-
Income
73 500
73 500
73 500
73 500
Total tax
30 787
36 804
26 669
35 484
After tax
42 713
36 696
46 831
38 016
Living cost
16 825
16 825
16 825
16 825
Free-cash
25 888
19 871
30 006
21 191

Estimated living cost  is ₴16825 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴39733
₴37957
₴36443
₴35791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 361
health
-
-
-
1 874
social contributions
-
-
-
6 930
total
-
-
-
23 165
Employee
32 933
32 933
68 545
-
social contributions
1 600
2 733
3 687
-
health
328
560
1 165
-
income
3 458
3 049
14 010
-
total
5 386
6 342
18 862
-
Employer
32 933
32 933
68 545
-
social contributions
1 600
2 733
3 687
-
health
357
610
1 268
-
total
1 957
3 343
4 955
-
Corporate
52 265
37 224
-
-
income
6 533
4 653
-
-
total
6 533
4 653
-
-
Dividends
45 732
32 571
-
-
withholding
7 775
5 537
-
-
total
7 775
5 537
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 651
19 875
23 817
23 165
After tax
51 849
53 625
49 683
50 335
Living cost
13 892
13 892
13 892
13 892
Free-cash
37 957
39 733
35 791
36 443

Estimated living cost  is ₴13892 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33510
₴33674
₴43136
₴34826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

11 233
4 471
61 506
-
health
786
313
4 305
-
income
1 373
547
7 519
-
pensions
1 123
447
6 151
-
unemployment
168
67
923
-
total
3 450
1 374
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.

11 233
4 471
61 506
-
pensions
2 190
872
11 994
-
total
2 190
872
11 994
-
Corporate
60 077
68 158
-
-
income
5 407
6 134
-
-
total
5 407
6 134
-
-
Dividends
54 670
62 024
-
-
social contributions
10 610
12 044
-
-
withholding
10 387
11 784
-
-
total
20 997
23 828
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 044
32 208
30 892
22 582
After tax
41 456
41 292
42 608
50 918
Living cost
7 782
7 782
7 782
7 782
Free-cash
33 674
33 510
34 826
43 136

Estimated living cost  is ₴7782 per week

₴5310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48455
₴45794
₴29051
₴32019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
14 700
health
-
-
-
9 555
total
-
-
-
34 104
Employee
12 150
-
54 932
-
income
1 368
-
10 591
-
pensions
243
-
1 099
-
unemployment
194
-
879
-
total
1 805
-
12 569
-
Employer
12 150
-
54 932
-
unemployment
98
-
440
-
pensions
2 430
-
10 986
-
health
1 579
-
7 141
-
total
4 107
-
18 567
-
Corporate
57 243
73 500
-
-
income
11 449
14 700
-
-
total
11 449
14 700
-
-
Dividends
45 795
58 800
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
17 361
14 700
31 136
34 104
After tax
56 139
58 800
42 364
39 396
Living cost
10 345
10 345
10 345
10 345
Free-cash
45 794
48 455
32 019
29 051

Estimated living cost  is ₴10345 per week

₴7095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3414
₴4517
₴40882
₴30504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
20 284
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
23 251
Employee
14 735
-
66 086
-
health
1 687
-
7 567
-
income
2 022
-
15 400
-
pensions
1 659
-
3 248
-
total
5 368
-
26 215
-
Employer
14 735
-
66 086
-
accident
246
-
1 104
-
unemployment
361
-
1 619
-
pensions
2 396
-
4 691
-
total
3 003
-
7 414
-
Corporate
55 762
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.

50 185
66 150
-
-
total
50 185
66 150
-
-
Dividends
5 576
7 350
-
-
withholding
1 060
1 397
-
-
total
1 060
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
59 616
67 547
33 629
23 251
After tax
13 884
5 953
39 871
50 249
Living cost
9 367
9 367
9 367
9 367
Free-cash
4 517
-3 414
30 504
40 882

Estimated living cost  is ₴9367 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴65971
₴65250
₴68911
₴54946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
73 500
microenterprise

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

-
-
-
735
total
-
-
-
735
Employee
4 817
-
73 500
-
income
963
-
14 700
-
total
963
-
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%.

68 683
73 500
-
-
total
-
-
-
-
Dividends
68 683
73 500
-
-
withholding
3 434
3 675
-
-
total
3 434
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 397
3 675
14 700
735
After tax
69 103
69 825
58 800
72 765
Living cost
3 854
3 854
3 854
3 854
Free-cash
65 250
65 971
54 946
68 911

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42588
₴39697
₴29333
₴30290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 165
pensions

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

-
-
-
15 631
other
-
-
-
3 093
health
-
-
-
2 866
total
-
-
-
32 755
Employee
15 551
-
58 706
-
health
218
-
822
-
income
2 677
-
11 485
-
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.

1 088
-
4 109
-
unemployment
155
-
587
-
total
4 138
-
17 003
-
Employer
15 551
-
58 706
-
accident
124
-
470
-
other
778
-
2 936
-
unemployment
155
-
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.

2 644
-
9 980
-
health
218
-
822
-
total
3 919
-
14 795
-
Corporate
54 030
73 500
-
-
income
11 346
15 435
-
-
total
11 346
15 435
-
-
Dividends
42 684
58 065
-
-
withholding
2 988
4 065
-
-
total
2 988
4 065
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 391
19 500
31 798
32 755
After tax
51 109
54 000
41 702
40 745
Living cost
11 412
11 412
11 412
11 412
Free-cash
39 697
42 588
30 290
29 333

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19607
₴20424
₴20162
₴13498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
income
-
-
-
20 773
pensions
-
-
-
3 822
total
-
-
-
24 595
Employee
40 666
-
64 227
-
health
670
-
940
-
income
7 331
-
16 329
-
pensions
3 923
-
4 717
-
total
11 924
-
21 986
-
Employer
40 666
-
64 227
-
pensions
4 802
-
8 053
-
health
772
-
1 220
-
total
5 574
-
9 273
-
Corporate
27 260
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.

5 179
13 965
-
-
total
5 179
13 965
-
-
Dividends
22 081
59 535
-
-
withholding
1 656
11 185
-
-
total
1 656
11 185
-
-
Income
73 500
73 500
73 500
73 500
Total tax
24 333
25 150
31 259
24 595
After tax
49 167
48 350
42 241
48 905
Living cost
28 743
28 743
28 743
28 743
Free-cash
20 424
19 607
13 498
20 162

Estimated living cost  is ₴28743 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴57223
₴55233
₴52858
₴55719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
15 023
Employee
7 440
-
70 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
7 056
-
pensions

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

653
-
1 314
-
total
1 821
-
9 224
-
Employer
7 440
-
70 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
64 600
73 500
-
-
income
6 460
7 350
-
-
total
6 460
7 350
-
-
Dividends
58 140
66 150
-
-
withholding
2 907
3 308
-
-
total
2 907
3 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
12 648
10 658
12 162
15 023
After tax
60 852
62 842
61 338
58 477
Living cost
5 619
5 619
5 619
5 619
Free-cash
55 233
57 223
55 719
52 858

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12610
₴13688
₴16965
₴21962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 487
pensions
-
-
-
5 018
health
-
-
-
5 281
total
-
-
-
32 786
Employee
39 708
36 574
65 541
-
health
4 954
4 775
5 281
-
income

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

5 987
5 987
9 531
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
19 830
-
Employer
39 708
36 574
65 541
-
unemployment
1 430
1 317
1 636
-
pensions
2 763
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 952
6 405
7 959
-
Corporate
26 840
30 521
-
-
income
5 368
6 105
-
-
total
5 368
6 105
-
-
Dividends
21 472
24 417
-
-
income
4 563
5 189
-
-
withholding
3 221
3 662
-
-
total
7 784
8 851
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 063
37 141
27 789
32 786
After tax
37 437
36 359
45 711
40 714
Living cost
23 749
23 749
23 749
23 749
Free-cash
13 688
12 610
21 962
16 965

Estimated living cost  is ₴23749 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
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.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴40348
₴36689
₴31239
₴28006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 323
health
-
-
-
9 922
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
32 004
Employee
15 084
-
55 838
-
social contributions
980
-
3 285
-
health
2 036
-
7 538
-
solidarity contribution
-
-
-
-
income
1 810
-
6 752
-
total
4 826
-
17 575
-
Employer
15 084
-
55 838
-
social contributions
3 771
-
12 637
-
health
1 358
-
5 025
-
total
5 129
-
17 662
-
Corporate
53 288
73 500
-
-
income
10 125
13 965
-
-
total
10 125
13 965
-
-
Dividends
43 163
59 535
-
-
withholding
6 474
8 930
-
-
total
6 474
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 554
22 895
35 237
32 004
After tax
46 946
50 605
38 263
41 496
Living cost
10 257
10 257
10 257
10 257
Free-cash
36 689
40 348
28 006
31 239

Estimated living cost  is ₴10257 per week

₴7125
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21143
₴18906
₴17170
₴13849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
436
regional
-
-
-
866
national
-
-
-
18 052
social contributions
-
-
-
18 904
total
-
-
-
38 258
Employee
38 064
-
73 500
-
social contributions
12 835
-
24 784
-
regional
359
-
763
-
municipal
202
-
390
-
national
6 596
-
15 642
-
total
19 992
-
41 579
-
Employer
38 064
-
73 500
-
total
-
-
-
-
Corporate
35 436
73 500
-
-
nationa
8 505
17 640
-
-
municipal
1 382
2 867
-
-
total
9 887
20 507
-
-
Dividends
25 550
52 993
-
-
withholding
6 643
13 778
-
-
total
6 643
13 778
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 522
34 285
41 579
38 258
After tax
36 978
39 215
31 921
35 242
Living cost
18 072
18 072
18 072
18 072
Free-cash
18 906
21 143
13 849
17 170

Estimated living cost  is ₴18072 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36781
₴35447
₴25356
₴22728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
income
-
-
-
20 046
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
3 059
total
-
-
-
38 693
Employee
14 163
-
61 468
-
other
-
-
-
-
health
362
-
1 457
-
surtax
46
-
2 556
-
income
2 374
-
17 484
-
pensions
944
-
3 813
-
unemployment
986
-
3 978
-
total
4 712
-
29 288
-
Employer
14 163
-
61 468
-
other
-
-
-
-
unemployment
449
-
1 812
-
pensions
1 888
-
7 620
-
health
645
-
2 601
-
total
2 982
-
12 033
-
Corporate
56 356
73 500
-
-
income
14 652
19 110
-
-
total
14 652
19 110
-
-
Dividends
41 703
54 390
-
-
withholding
6 256
8 158
-
-
total
6 256
8 158
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 602
27 268
41 321
38 693
After tax
44 898
46 232
32 179
34 807
Living cost
9 451
9 451
9 451
9 451
Free-cash
35 447
36 781
22 728
25 356

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28714
₴31553
₴29269
₴22605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
income
-
-
-
20 773
pensions
-
-
-
3 822
total
-
-
-
24 595
Employee
27 254
-
64 227
-
health
396
-
940
-
income
4 908
-
16 329
-
pensions
2 313
-
4 717
-
total
7 617
-
21 986
-
Employer
27 254
-
64 227
-
pensions
2 950
-
8 053
-
health
518
-
1 220
-
total
3 468
-
9 273
-
Corporate
42 779
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.

8 128
13 965
-
-
total
8 128
13 965
-
-
Dividends
34 651
59 535
-
-
withholding
3 098
11 185
-
-
total
3 098
11 185
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 311
25 150
31 259
24 595
After tax
51 189
48 350
42 241
48 905
Living cost
19 636
19 636
19 636
19 636
Free-cash
31 553
28 714
22 605
29 269

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
₴1240
₴15091
₴27149
₴23763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
775
pensions
-
-
-
6 762
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
-
-
-
3 611
health
-
-
-
165
national
-
-
-
1 199
total
-
-
-
13 982
Employee
37 880
-
65 786
-
city
407
-
707
-
regional
1 240
-
3 110
-
health
86
-
148
-
pensions
3 182
-
5 527
-
unemployment
-
-
-
-
national
179
-
885
-
total
5 094
-
10 377
-
Employer
37 880
-
65 786
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

757
-
1 316
-
unemployment
-
-
-
-
pensions
3 182
-
5 527
-
health
86
-
148
-
total
4 025
-
6 991
-
Corporate
31 178
73 500
-
-
regional
6 594
15 545
-
-
national
2 650
6 248
-
-
total
9 244
21 793
-
-
Dividends
21 933
51 707
-
-
withholding
7 677
18 098
-
-
total
7 677
18 098
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 040
39 891
17 368
13 982
After tax
47 460
33 609
56 132
59 518
Living cost
32 369
32 369
32 369
32 369
Free-cash
15 091
1 240
23 763
27 149

Estimated living cost  is ₴32369 per week

₴21049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
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.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16699
₴23643
₴18021
₴27211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
73 500
trade
-
-
-
9 190
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.

-
-
-
22 505
health

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

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

-
-
-
2 926
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.

-
-
-
1 238
total
-
-
-
35 859
Employee

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

25 739
-
73 500
-
health

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

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

2 926
-
2 926
-
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.

167
-
1 238
-
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.

3 027
-
22 505
-
total
6 120
-
26 669
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 761
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.

394
606
-
-
income
7 164
11 025
-
-
trade
8 191
12 605
-
-
chamber of commerce
132
168
-
-
total
15 881
24 404
-
-
Dividends
31 878
49 095
-
-
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.

429
666
-
-
withholding
7 807
12 111
-
-
total
8 236
12 777
-
-
Income
73 500
73 500
73 500
73 500
Total tax
30 237
37 181
26 669
35 859
After tax
43 263
36 319
46 831
37 641
Living cost
19 620
19 620
19 620
19 620
Free-cash
23 643
16 699
27 211
18 021

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴22391
₴24921
₴26797
₴25948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 339
pensions
-
-
-
13 291
other
-
-
-
2 278
health
-
-
-
3 048
surtax
-
-
-
-
social contributions
-
-
-
2 094
total
-
-
-
32 050
Employee
18 330
-
57 062
-
social contributions
523
-
1 626
-
surtax
-
-
-
-
income
1 082
-
10 940
-
pensions
2 073
-
3 895
-
total
3 678
-
16 461
-
Employer
18 330
-
57 062
-
other
632
-
2 195
-
social contributions
55
-
171
-
unemployment
742
-
2 311
-
pensions
3 011
-
6 569
-
health
1 283
-
5 192
-
total
5 723
-
16 438
-
Corporate
49 446
73 500
-
-
surtax
-
-
-
-
income
13 845
20 580
-
-
total
13 845
20 580
-
-
Dividends
35 601
52 920
-
-
surtax
-
-
-
-
social contributions
6 123
9 102
-
-
withholding
4 557
6 774
-
-
total
10 680
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 926
36 456
32 899
32 050
After tax
39 574
37 044
40 601
41 450
Living cost
14 653
14 653
14 653
14 653
Free-cash
24 921
22 391
25 948
26 797

Estimated living cost  is ₴14653 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23843
₴26221
₴28249
₴27400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 339
pensions
-
-
-
13 291
other
-
-
-
2 278
health
-
-
-
3 048
surtax
-
-
-
-
social contributions
-
-
-
2 094
total
-
-
-
32 050
Employee
16 362
-
57 062
-
social contributions
467
-
1 626
-
surtax
-
-
-
-
income
844
-
10 940
-
pensions
1 851
-
3 895
-
total
3 162
-
16 461
-
Employer
16 362
-
57 062
-
other
565
-
2 195
-
social contributions
49
-
171
-
unemployment
662
-
2 311
-
pensions
2 689
-
6 569
-
health
1 145
-
5 192
-
total
5 110
-
16 438
-
Corporate
52 028
73 500
-
-
surtax
-
-
-
-
income
14 568
20 580
-
-
total
14 568
20 580
-
-
Dividends
37 460
52 920
-
-
surtax
-
-
-
-
social contributions
6 443
9 102
-
-
withholding
4 795
6 774
-
-
total
11 238
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
34 078
36 456
32 899
32 050
After tax
39 422
37 044
40 601
41 450
Living cost
13 201
13 201
13 201
13 201
Free-cash
26 221
23 843
27 400
28 249

Estimated living cost  is ₴13201 per week

₴7656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35759
₴35981
₴38120
₴36661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 130
social contributions
-
-
-
10 143
total
-
-
-
26 298
Employee
14 522
-
73 500
-
social contributions
2 004
-
10 143
-
health
1 014
-
5 130
-
income
2 422
-
12 484
-
total
5 440
-
27 757
-
Employer
14 522
-
73 500
-
total
-
-
-
-
Corporate
58 978
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%.

2 949
3 675
-
-
total
2 949
3 675
-
-
Dividends
56 030
69 825
-
-
health
3 911
4 874
-
-
social contributions
7 732
9 636
-
-
withholding
8 405
10 474
-
-
total
20 048
24 984
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 437
28 659
27 757
26 298
After tax
45 063
44 841
45 743
47 202
Living cost
9 082
9 082
9 082
9 082
Free-cash
35 981
35 759
36 661
38 120

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴25596
₴24932
₴22627
₴4420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
294
income
-
-
-
19 692
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
35 782
Employee
21 404
17 068
58 405
-
other
214
171
501
-
health
828
661
1 936
-
income
2 437
1 259
15 638
-
pensions
2 192
1 747
5 124
-
unemployment
642
512
1 501
-
total
6 313
4 350
24 700
-
Employer
21 404
17 068
58 405
-
accident
278
222
650
-
other
1 017
810
2 703
-
chamber of commerce
85
68
233
-
unemployment
642
512
1 501
-
surtax
85
85
85
-
pensions
2 686
2 142
6 279
-
payroll
642
512
1 752
-
health
809
645
1 891
-
total
6 244
4 996
15 094
-
Corporate
45 852
51 435
56 779
-
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.

11 463
12 859
14 195
-
total
11 463
12 859
14 195
-
Dividends
34 389
38 576
-
-
withholding
9 457
10 608
-
-
total
9 457
10 608
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 477
32 813
53 989
35 782
After tax
40 023
40 687
19 511
37 718
Living cost
15 091
15 091
15 091
15 091
Free-cash
24 932
25 596
4 420
22 627

Estimated living cost  is ₴15091 per week

₴10065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25494
₴19070
₴16236
₴10371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
27 200
communal

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

-
-
-
3 770
social contributions
-
-
-
10 678
total
-
-
-
41 648
Employee

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

30 636
-
56 929
-
communal

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

1 598
-
2 969
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

1 439
-
2 676
-
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.

2 298
-
4 269
-
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.

267
-
495
-
national
9 419
-
20 533
-
total
15 021
-
30 942
-
Employer

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

30 636
-
56 929
-
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.

398
-
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.

447
-
831
-
surtax
3 474
-
6 455
-
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.

2 715
-
5 044
-
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.

1 884
-
3 501
-
total
8 918
-
16 571
-
Corporate
33 947
73 500
-
-
surtax
136
294
-
-
income
6 789
14 700
-
-
total
6 925
14 994
-
-
Dividends
27 022
58 505
-
-
withholding

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

7 950
17 396
-
-
total
7 950
17 396
-
-
Income
73 500
73 500
73 500
73 500
Total tax
38 814
32 390
47 513
41 648
After tax
34 686
41 110
25 987
31 852
Living cost
15 616
15 616
15 616
15 616
Free-cash
19 070
25 494
10 371
16 236

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33549
₴30573
₴25802
₴24005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
20 321
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
32 231
Employee
21 319
-
60 845
-
other
21
-
40
-
income
4 498
-
18 851
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 852
-
21 372
-
Employer
21 319
-
60 845
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
45 385
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.

6 808
11 025
-
-
total
6 808
11 025
-
-
Dividends
38 578
62 475
-
-
withholding
8 004
13 459
-
-
total
8 004
13 459
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 460
24 484
34 028
32 231
After tax
46 040
49 016
39 472
41 269
Living cost
15 467
15 467
15 467
15 467
Free-cash
30 573
33 549
24 005
25 802

Estimated living cost  is ₴15467 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19844
₴14462
₴13282
₴16211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
619
income
-
-
-
11 854
pensions
-
-
-
11 017
health
-
-
-
5 164
surtax
-
-
-
3 644
communal
-
-
-
4 645
total
-
-
-
36 943
Employee
32 434
-
65 654
-
health
1 443
-
2 922
-
surtax
1 988
-
4 024
-
income
3 133
-
13 970
-
pensions
2 594
-
5 252
-
total
9 158
-
26 168
-
Employer
32 434
-
65 654
-
accident
292
-
591
-
pensions
2 594
-
5 252
-
health
989
-
2 003
-
total
3 875
-
7 846
-
Corporate
37 191
73 500
-
-
surtax
390
772
-
-
communal
2 511
4 961
-
-
income
5 579
11 025
-
-
total
8 480
16 758
-
-
Dividends
28 711
56 742
-
-
income
9 943
5 112
-
-
withholding
4 307
8 511
-
-
total
14 250
13 623
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 763
30 381
34 014
36 943
After tax
37 737
43 119
39 486
36 557
Living cost
23 275
23 275
23 275
23 275
Free-cash
14 462
19 844
16 211
13 282

Estimated living cost  is ₴23275 per week

₴17460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36612
₴35249
₴25187
₴22559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
income
-
-
-
20 046
pensions
-
-
-
11 432
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 058
surtax
-
-
-
3 059
total
-
-
-
38 693
Employee
14 423
-
61 468
-
other
-
-
-
-
health
368
-
1 457
-
surtax
51
-
2 556
-
income
2 418
-
17 484
-
pensions
962
-
3 813
-
unemployment
1 004
-
3 978
-
total
4 803
-
29 288
-
Employer
14 423
-
61 468
-
other
-
-
-
-
unemployment
458
-
1 812
-
pensions
1 923
-
7 620
-
health
656
-
2 601
-
total
3 037
-
12 033
-
Corporate
56 040
73 500
-
-
income
14 570
19 110
-
-
total
14 570
19 110
-
-
Dividends
41 470
54 390
-
-
withholding
6 221
8 158
-
-
total
6 221
8 158
-
-
Income
73 500
73 500
73 500
73 500
Total tax
28 631
27 268
41 321
38 693
After tax
44 869
46 232
32 179
34 807
Living cost
9 620
9 620
9 620
9 620
Free-cash
35 249
36 612
22 559
25 187

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and 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 of data for Athens model

Close
Naples , Italy
₴27096
₴26145
₴23463
₴20158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
436
regional
-
-
-
1 108
national
-
-
-
18 052
social contributions
-
-
-
18 904
total
-
-
-
38 500
Employee
23 758
-
73 500
-
social contributions
8 011
-
24 784
-
regional
320
-
989
-
municipal
126
-
390
-
national
3 764
-
15 642
-
total
12 221
-
41 805
-
Employer
23 758
-
73 500
-
total
-
-
-
-
Corporate
49 742
73 500
-
-
nationa
11 938
17 640
-
-
municipal
2 472
3 653
-
-
total
14 410
21 293
-
-
Dividends
35 332
52 207
-
-
withholding
9 187
13 574
-
-
total
9 187
13 574
-
-
Income
73 500
73 500
73 500
73 500
Total tax
35 818
34 867
41 805
38 500
After tax
37 682
38 633
31 695
35 000
Living cost
11 537
11 537
11 537
11 537
Free-cash
26 145
27 096
20 158
23 463

Estimated living cost  is ₴11537 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37966
₴33457
₴28857
₴25624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 323
health
-
-
-
9 922
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 759
total
-
-
-
32 004
Employee
18 587
-
55 838
-
social contributions
1 208
-
3 285
-
health
2 509
-
7 538
-
solidarity contribution
-
-
-
-
income
2 230
-
6 752
-
total
5 947
-
17 575
-
Employer
18 587
-
55 838
-
social contributions
4 647
-
12 637
-
health
1 673
-
5 025
-
total
6 320
-
17 662
-
Corporate
48 593
73 500
-
-
income
9 233
13 965
-
-
total
9 233
13 965
-
-
Dividends
39 360
59 535
-
-
withholding
5 904
8 930
-
-
total
5 904
8 930
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 404
22 895
35 237
32 004
After tax
46 096
50 605
38 263
41 496
Living cost
12 639
12 639
12 639
12 639
Free-cash
33 457
37 966
25 624
28 857

Estimated living cost  is ₴12639 per week

₴9399
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.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27069
₴26855
₴24139
₴5867
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
294
income
-
-
-
19 692
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
35 697
Employee
18 722
17 068
58 483
-
other
187
171
501
-
health
724
661
1 936
-
income
1 668
1 259
15 677
-
pensions
1 917
1 747
5 124
-
unemployment
562
512
1 501
-
total
5 058
4 350
24 739
-
Employer
18 722
17 068
58 483
-
accident
243
222
650
-
other
889
810
2 706
-
chamber of commerce
75
68
234
-
unemployment
562
512
1 501
-
surtax
-
-
-
-
pensions
2 350
2 142
6 279
-
payroll
562
512
1 755
-
health
708
645
1 891
-
total
5 389
4 911
15 016
-
Corporate
49 390
51 520
56 858
-
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.

12 347
12 880
14 214
-
total
12 347
12 880
14 214
-
Dividends
37 043
38 640
-
-
withholding
10 187
10 626
-
-
total
10 187
10 626
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 981
32 767
53 969
35 697
After tax
40 519
40 733
19 531
37 803
Living cost
13 664
13 664
13 664
13 664
Free-cash
26 855
27 069
5 867
24 139

Estimated living cost  is ₴13664 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴63820
₴62694
₴66760
₴52795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 506
-
73 500
-
income
1 501
-
14 700
-
total
1 501
-
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%.

65 994
73 500
-
-
total
-
-
-
-
Dividends
65 994
73 500
-
-
withholding
3 300
3 675
-
-
total
3 300
3 675
-
-
Income
73 500
73 500
73 500
73 500
Total tax
4 801
3 675
14 700
735
After tax
68 699
69 825
58 800
72 765
Living cost
6 005
6 005
6 005
6 005
Free-cash
62 694
63 820
52 795
66 760

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39116
₴35535
₴24507
₴22562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 738
pensions
-
-
-
13 423
unemployment
-
-
-
111
health
-
-
-
7 233
total
-
-
-
37 505
Employee

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

18 939
-
63 598
-
health
1 223
-
4 109
-
income
3 266
-
15 493
-
pensions
2 936
-
9 858
-
unemployment
27
-
89
-
total
7 452
-
29 549
-
Employer

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

18 939
-
63 598
-
unemployment
11
-
38
-
pensions
1 676
-
5 628
-
health
1 261
-
4 235
-
total
2 948
-
9 901
-
Corporate
51 612
73 500
-
-
income
9 806
13 965
-
-
total
9 806
13 965
-
-
Dividends
41 806
59 535
-
-
withholding
6 271
8 931
-
-
total
6 271
8 931
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 477
22 896
39 450
37 505
After tax
47 023
50 604
34 050
35 995
Living cost
11 488
11 488
11 488
11 488
Free-cash
35 535
39 116
22 562
24 507

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26227
₴5845
₴32304
₴49372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
9 606
73 500
-
-
income
2 113
16 170
-
-
total
2 113
16 170
-
-
Dividends
7 493
57 330
-
-
income
1 648
12 613
-
-
total
1 648
12 613
-
-
Income
73 500
73 500
73 500
73 500
Total tax
49 165
28 783
5 638
22 706
After tax
24 335
44 717
67 862
50 794
Living cost
18 490
18 490
18 490
18 490
Free-cash
5 845
26 227
49 372
32 304

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
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.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28373
₴27942
₴26024
₴20481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 501
surtax
-
-
-
-
social contributions

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

-
-
-
25 541
total
-
-
-
34 042
Employee
19 698
-
59 394
-
social contributions
2 167
-
6 533
-
surtax
-
-
-
-
income
4 097
-
18 946
-
total
6 264
-
25 479
-
Employer
19 698
-
59 394
-
social contributions
4 678
-
14 106
-
total
4 678
-
14 106
-
Corporate
49 124
73 500
-
-
surtax
-
-
-
-
income
10 316
15 435
-
-
total
10 316
15 435
-
-
Dividends
38 807
58 065
-
-
withholding
10 866
16 258
-
-
total
10 866
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
32 124
31 693
39 585
34 042
After tax
41 376
41 807
33 915
39 458
Living cost
13 434
13 434
13 434
13 434
Free-cash
27 942
28 373
20 481
26 024

Estimated living cost  is ₴13434 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16358
₴19301
₴20764
₴19915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 339
pensions
-
-
-
13 291
other
-
-
-
2 278
health
-
-
-
3 048
surtax
-
-
-
-
social contributions
-
-
-
2 094
total
-
-
-
32 050
Employee
26 825
-
57 062
-
social contributions
764
-
1 626
-
surtax
-
-
-
-
income
2 341
-
10 940
-
pensions
3 034
-
3 895
-
total
6 139
-
16 461
-
Employer
26 825
-
57 062
-
other
926
-
2 195
-
social contributions
80
-
171
-
unemployment
1 087
-
2 311
-
pensions
4 408
-
6 569
-
health
1 877
-
5 192
-
total
8 378
-
16 438
-
Corporate
38 297
73 500
-
-
surtax
-
-
-
-
income
10 724
20 580
-
-
total
10 724
20 580
-
-
Dividends
27 574
52 920
-
-
surtax
-
-
-
-
social contributions
4 742
9 102
-
-
withholding
3 530
6 774
-
-
total
8 272
15 876
-
-
Income
73 500
73 500
73 500
73 500
Total tax
33 513
36 456
32 899
32 050
After tax
39 987
37 044
40 601
41 450
Living cost
20 686
20 686
20 686
20 686
Free-cash
19 301
16 358
19 915
20 764

Estimated living cost  is ₴20686 per week

₴14000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53276
₴51837
₴41324
₴43277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 132
social contributions
-
-
-
16 170
total
-
-
-
19 302
Employee
13 769
-
63 636
-
income
-
-
3 349
-
social contributions
895
-
4 136
-
total
895
-
7 485
-
Employer
13 769
-
63 636
-
social contributions
2 134
-
9 864
-
total
2 134
-
9 864
-
Corporate
57 597
73 500
-
-
income
5 760
7 350
-
-
total
5 760
7 350
-
-
Dividends
51 837
66 150
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
8 789
7 350
17 349
19 302
After tax
64 711
66 150
56 151
54 198
Living cost
12 874
12 874
12 874
12 874
Free-cash
51 837
53 276
43 277
41 324

Estimated living cost  is ₴12874 per week

₴8324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19855
-₴19855
₴22828
-₴19855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
15 252
pensions
-
-
-
371
national
-
-
-
8 564
labour market
-
-
-
5 850
total
-
-
-
30 037
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
73 500
73 500
73 500
73 500
Total tax
72 720
72 720
72 720
30 037
After tax
780
780
780
43 463
Living cost
20 635
20 635
20 635
20 635
Free-cash
-19 855
-19 855
-19 855
22 828

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
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.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3276
₴4538
₴41020
₴30642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
20 284
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
23 251
Employee
14 518
-
66 086
-
health
1 662
-
7 567
-
income
1 992
-
15 400
-
pensions
1 635
-
3 248
-
total
5 289
-
26 215
-
Employer
14 518
-
66 086
-
accident
242
-
1 104
-
unemployment
356
-
1 619
-
pensions
2 361
-
4 691
-
total
2 959
-
7 414
-
Corporate
56 023
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.

50 421
66 150
-
-
total
50 421
66 150
-
-
Dividends
5 602
7 350
-
-
withholding
1 064
1 397
-
-
total
1 064
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
59 733
67 547
33 629
23 251
After tax
13 767
5 953
39 871
50 249
Living cost
9 229
9 229
9 229
9 229
Free-cash
4 538
-3 276
30 642
41 020

Estimated living cost  is ₴9229 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
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.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29734
₴30764
₴31246
₴22236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
73 500
municipal
-
-
-
13 059
health
-
-
-
953
national
-
-
-
11 799
total
-
-
-
25 811
Employee
22 533
-
61 832
-
health
168
-
774
-
municipal
3 691
-
10 073
-
pensions
1 521
-
4 174
-
unemployment
338
-
927
-
national
372
-
7 205
-
total
6 090
-
23 153
-
Employer
22 533
-
61 832
-
accident
23
-
62
-
unemployment
146
-
402
-
pensions
3 909
-
10 728
-
health
173
-
476
-
total
4 251
-
11 668
-
Corporate
46 715
73 500
-
-
income
9 343
14 700
-
-
total
9 343
14 700
-
-
Dividends

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

28 029
44 100
-
-
national
1 563
4 685
-
-
municipal
5 046
7 938
-
-
total
6 609
12 623
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 293
27 323
34 821
25 811
After tax
47 207
46 177
38 679
47 689
Living cost
16 443
16 443
16 443
16 443
Free-cash
30 764
29 734
22 236
31 246

Estimated living cost  is ₴16443 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43709
₴41379
₴40419
₴39767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 361
health
-
-
-
1 874
social contributions
-
-
-
6 930
total
-
-
-
23 165
Employee
32 933
32 933
68 545
-
social contributions
1 245
2 733
3 687
-
health
255
560
1 165
-
income
3 586
3 049
14 010
-
total
5 086
6 342
18 862
-
Employer
32 933
32 933
68 545
-
social contributions
1 245
2 733
3 687
-
health
277
610
1 268
-
total
1 522
3 343
4 955
-
Corporate
56 975
37 224
-
-
income
7 122
4 653
-
-
total
7 122
4 653
-
-
Dividends
49 853
32 571
-
-
withholding
8 475
5 537
-
-
total
8 475
5 537
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 205
19 875
23 817
23 165
After tax
51 295
53 625
49 683
50 335
Living cost
9 916
9 916
9 916
9 916
Free-cash
41 379
43 709
39 767
40 419

Estimated living cost  is ₴9916 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54066
₴51886
₴54952
₴46361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 462
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
11 748
Employee

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

9 831
-
69 314
-
health
836
-
3 454
-
income
672
-
6 401
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
16 154
-
Employer

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

9 831
-
69 314
-
unemployment
49
-
203
-
pensions
540
-
2 235
-
health
423
-
1 747
-
total
1 012
-
4 185
-
Corporate
62 657
73 500
-
-
income
5 639
6 615
-
-
total
5 639
6 615
-
-
Dividends
57 018
66 885
-
-
withholding
5 132
6 019
-
-
total
5 132
6 019
-
-
Income
73 500
73 500
73 500
73 500
Total tax
14 814
12 634
20 339
11 748
After tax
58 686
60 866
53 161
61 752
Living cost
6 800
6 800
6 800
6 800
Free-cash
51 886
54 066
46 361
54 952

Estimated living cost  is ₴6800 per week

₴4339
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37239
₴35349
₴29492
₴27695
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
20 321
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
32 231
Employee
15 836
-
60 845
-
other
15
-
40
-
income
3 053
-
18 851
-
pensions
744
-
1 866
-
unemployment
245
-
615
-
total
4 057
-
21 372
-
Employer
15 836
-
60 845
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
52 615
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.

7 892
11 025
-
-
total
7 892
11 025
-
-
Dividends
44 723
62 475
-
-
withholding
9 376
13 459
-
-
total
9 376
13 459
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 374
24 484
34 028
32 231
After tax
47 126
49 016
39 472
41 269
Living cost
11 777
11 777
11 777
11 777
Free-cash
35 349
37 239
27 695
29 492

Estimated living cost  is ₴11777 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44694
₴44501
₴45918
₴45836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 940
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
26 412
Employee
1 782
-
72 540
-
health
89
-
213
-
income
345
-
24 895
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
25 535
-
Employer
1 782
-
72 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
71 317
73 500
-
-
income
15 690
16 170
-
-
total
15 690
16 170
-
-
Dividends
55 628
57 330
-
-
withholding
11 126
11 466
-
-
total
11 126
11 466
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 829
27 636
26 494
26 412
After tax
45 671
45 864
47 006
47 088
Living cost
1 170
1 170
1 170
1 170
Free-cash
44 501
44 694
45 836
45 918

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴45696
₴43588
₴37540
₴37541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 586
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
28 552
Employee

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

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

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

11 170
-
67 834
-
health
575
-
1 630
-
income
1 540
-
16 586
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
22 885
-
Employer

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

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

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

11 170
-
67 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
60 330
73 500
-
-
income
9 050
11 025
-
-
total
9 050
11 025
-
-
Dividends
51 281
62 475
-
-
withholding
7 692
9 371
-
-
total
7 692
9 371
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 504
20 396
28 551
28 552
After tax
50 996
53 104
44 949
44 948
Living cost
7 408
7 408
7 408
7 408
Free-cash
43 588
45 696
37 541
37 540

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30261
₴30106
₴27912
₴22369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 501
surtax
-
-
-
-
social contributions

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

-
-
-
25 541
total
-
-
-
34 042
Employee
16 623
-
59 394
-
social contributions
1 829
-
6 533
-
surtax
-
-
-
-
income
3 248
-
18 946
-
total
5 077
-
25 479
-
Employer
16 623
-
59 394
-
social contributions
3 948
-
14 106
-
total
3 948
-
14 106
-
Corporate
52 930
73 500
-
-
surtax
-
-
-
-
income
11 115
15 435
-
-
total
11 115
15 435
-
-
Dividends
41 814
58 065
-
-
withholding
11 708
16 258
-
-
total
11 708
16 258
-
-
Income
73 500
73 500
73 500
73 500
Total tax
31 848
31 693
39 585
34 042
After tax
41 652
41 807
33 915
39 458
Living cost
11 546
11 546
11 546
11 546
Free-cash
30 106
30 261
22 369
27 912

Estimated living cost  is ₴11546 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33964
₴31135
₴26217
₴24420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
accident
-
-
-
358
income
-
-
-
20 321
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
32 231
Employee
20 684
-
60 845
-
other
20
-
40
-
income
4 320
-
18 851
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
21 372
-
Employer
20 684
-
60 845
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
46 221
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.

6 933
11 025
-
-
total
6 933
11 025
-
-
Dividends
39 288
62 475
-
-
withholding
8 153
13 459
-
-
total
8 153
13 459
-
-
Income
73 500
73 500
73 500
73 500
Total tax
27 313
24 484
34 028
32 231
After tax
46 187
49 016
39 472
41 269
Living cost
15 052
15 052
15 052
15 052
Free-cash
31 135
33 964
24 420
26 217

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55470
₴52859
₴51105
₴53966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
15 023
Employee
9 762
-
70 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
7 056
-
pensions

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

857
-
1 314
-
total
2 389
-
9 224
-
Employer
9 762
-
70 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
61 822
73 500
-
-
income
6 182
7 350
-
-
total
6 182
7 350
-
-
Dividends
55 640
66 150
-
-
withholding
2 782
3 308
-
-
total
2 782
3 308
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 269
10 658
12 162
15 023
After tax
60 231
62 842
61 338
58 477
Living cost
7 372
7 372
7 372
7 372
Free-cash
52 859
55 470
53 966
51 105

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21295
₴26897
₴22606
₴30296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
73 500
trade
-
-
-
7 690
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.

-
-
-
22 505
health

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

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

-
-
-
2 926
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.

-
-
-
1 238
total
-
-
-
34 359
Employee

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

21 310
-
73 500
-
health

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

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

2 926
-
2 926
-
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.

97
-
1 238
-
income

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

1 752
-
22 505
-
total
4 775
-
26 669
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 190
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.

431
606
-
-
income
7 829
11 025
-
-
trade
7 490
10 547
-
-
chamber of commerce
141
173
-
-
total
15 891
22 351
-
-
Dividends
36 300
51 148
-
-
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.

490
694
-
-
withholding
8 912
12 625
-
-
total
9 402
13 319
-
-
Income
73 500
73 500
73 500
73 500
Total tax
30 068
35 670
26 669
34 359
After tax
43 432
37 830
46 831
39 141
Living cost
16 535
16 535
16 535
16 535
Free-cash
26 897
21 295
30 296
22 606

Estimated living cost  is ₴16535 per week

₴11406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27053
₴27999
₴14564
₴14564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 321
social contributions
-
-
-
12 218
total
-
-
-
34 539
Employee
33 502
-
73 500
-
income
6 322
-
22 321
-
social contributions
2 783
-
12 218
-
total
9 105
-
34 539
-
Employer
33 502
-
73 500
-
total
-
-
-
-
Corporate
39 998
73 500
-
-
income
5 000
9 187
-
-
total
5 000
9 187
-
-
Dividends
34 998
64 313
-
-
withholding
6 999
12 863
-
-
total
6 999
12 863
-
-
Income
73 500
73 500
73 500
73 500
Total tax
21 104
22 050
34 539
34 539
After tax
52 396
51 450
38 961
38 961
Living cost
24 397
24 397
24 397
24 397
Free-cash
27 999
27 053
14 564
14 564

Estimated living cost  is ₴24397 per week

₴18561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29965
₴31460
₴42901
₴36831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 191
health

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

-
-
-
2 861
total
-
-
-
15 052
Employee
19 647
-
71 530
-
income
2 132
-
17 182
-
social contributions
1 969
-
1 970
-
total
4 101
-
19 152
-
Employer
19 647
-
71 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
51 884
73 500
-
-
income
18 160
25 725
-
-
total
18 160
25 725
-
-
Dividends
33 725
47 775
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
73 500
73 500
73 500
73 500
Total tax
26 493
27 988
21 122
15 052
After tax
47 007
45 512
52 378
58 448
Living cost
15 547
15 547
15 547
15 547
Free-cash
31 460
29 965
36 831
42 901

Estimated living cost  is ₴15547 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32386
₴34932
₴32941
₴26277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
income
-
-
-
20 773
pensions
-
-
-
3 822
total
-
-
-
24 595
Employee
21 912
-
64 227
-
health
286
-
940
-
income
3 990
-
16 329
-
pensions
1 672
-
4 717
-
total
5 948
-
21 986
-
Employer
21 912
-
64 227
-
pensions
2 214
-
8 053
-
health
416
-
1 220
-
total
2 630
-
9 273
-
Corporate
48 957
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.

9 302
13 965
-
-
total
9 302
13 965
-
-
Dividends
39 655
59 535
-
-
withholding
4 724
11 185
-
-
total
4 724
11 185
-
-
Income
73 500
73 500
73 500
73 500
Total tax
22 604
25 150
31 259
24 595
After tax
50 896
48 350
42 241
48 905
Living cost
15 964
15 964
15 964
15 964
Free-cash
34 932
32 386
26 277
32 941

Estimated living cost  is ₴15964 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4190
₴4397
₴40106
₴29728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
20 284
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
23 251
Employee
15 955
-
66 086
-
health
1 827
-
7 567
-
income
2 189
-
15 400
-
pensions
1 797
-
3 248
-
total
5 813
-
26 215
-
Employer
15 955
-
66 086
-
accident
266
-
1 104
-
unemployment
391
-
1 619
-
pensions
2 594
-
4 691
-
total
3 251
-
7 414
-
Corporate
54 293
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.

48 864
66 150
-
-
total
48 864
66 150
-
-
Dividends
5 429
7 350
-
-
withholding
1 032
1 397
-
-
total
1 032
1 397
-
-
Income
73 500
73 500
73 500
73 500
Total tax
58 960
67 547
33 629
23 251
After tax
14 540
5 953
39 871
50 249
Living cost
10 143
10 143
10 143
10 143
Free-cash
4 397
-4 190
29 728
40 106

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56065
₴54062
₴36790
₴46208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
342
health insurance
-
-
-
5 069
income
-
-
-
12 089
pensions
-
-
-
12 603
unemployment
-
-
-
822
total
-
-
-
30 925
Employee

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

9 257
-
73 500
-
work injury
46
-
171
-
income
926
-
12 089
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
21 507
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 243
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%.

642
735
-
-
total
642
735
-
-
Dividends
63 601
72 765
-
-
withholding
9 540
10 915
-
-
total
9 540
10 915
-
-
Income
73 500
73 500
73 500
73 500
Total tax
13 653
11 650
21 507
30 925
After tax
59 847
61 850
51 993
42 575
Living cost
5 785
5 785
5 785
5 785
Free-cash
54 062
56 065
46 208
36 790

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21653
₴19704
₴17309
₴14082
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
73 500
municipal
-
-
-
492
regional
-
-
-
1 681
national
-
-
-
18 052
social contributions
-
-
-
18 904
total
-
-
-
39 129
Employee
36 090
-
73 500
-
social contributions
12 169
-
24 784
-
regional
545
-
1 492
-
municipal
215
-
438
-
national
6 099
-
15 642
-
total
19 028
-
42 356
-
Employer
36 090
-
73 500
-
total
-
-
-
-
Corporate
37 410
73 500
-
-
nationa
8 979
17 640
-
-
municipal
1 804
3 543
-
-
total
10 783
21 183
-
-
Dividends
26 628
52 317
-
-
withholding
6 923
13 602
-
-
total
6 923
13 602
-
-
Income
73 500
73 500
73 500
73 500
Total tax
36 734
34 785
42 356
39 129
After tax
36 766
38 715
31 144
34 371
Living cost
17 062
17 062
17 062
17 062
Free-cash
19 704
21 653
14 082
17 309

Estimated living cost  is ₴17062 per week

₴11985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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