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
₴ 74500
per

Your estimated
City
free-cash

Dresden , Germany
₴24573
₴29321
₴25810
₴34399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
trade
-
-
-
8 589
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.

-
-
-
22 903
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.

-
-
-
2 933
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.

-
-
-
1 260
total
-
-
-
35 685
Employee

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

16 422
-
74 500
-
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.

2 933
-
2 933
-
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
-
1 260
-
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.

459
-
22 903
-
total
3 417
-
27 096
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 078
74 500
-
-
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.

479
614
-
-
income
8 712
11 175
-
-
trade
9 148
11 734
-
-
chamber of commerce
148
172
-
-
total
18 487
23 695
-
-
Dividends
39 592
50 805
-
-
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.

535
689
-
-
withholding
9 735
12 538
-
-
total
10 270
13 227
-
-
Income
74 500
74 500
74 500
74 500
Total tax
32 174
36 922
27 096
35 685
After tax
42 326
37 578
47 404
38 815
Living cost
13 005
13 005
13 005
13 005
Free-cash
29 321
24 573
34 399
25 810

Estimated living cost  is ₴13005 per week

₴8180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24824
₴24463
₴22301
₴22745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
municipal
-
-
-
8 156
pensions
-
-
-
8 940
national
-
-
-
12 638
social contributions
-
-
-
801
total
-
-
-
30 535
Employee
33 583
-
64 405
-
municipal
4 148
-
8 444
-
pensions
1 343
-
2 576
-
national
6 428
-
13 227
-
total
11 919
-
24 247
-
Employer
33 583
-
64 405
-
social contributions
361
-
692
-
pensions
2 687
-
5 152
-
total
3 048
-
5 844
-
Corporate
35 653
74 500
-
-
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%.

7 131
14 900
-
-
total
7 131
14 900
-
-
Dividends
28 522
59 600
-
-
withholding
6 275
13 112
-
-
total
6 275
13 112
-
-
Income
74 500
74 500
74 500
74 500
Total tax
28 373
28 012
30 091
30 535
After tax
46 127
46 488
44 409
43 965
Living cost
21 664
21 664
21 664
21 664
Free-cash
24 463
24 824
22 745
22 301

Estimated living cost  is ₴21664 per week

₴14725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
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.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴50668
₴47146
₴16681
₴22230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
microenterprise
-
-
-
-
income
-
-
-
13 440
surtax
-
-
-
18 997
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.

-
-
-
16 450
total
-
-
-
48 887
Employee
12 546
-
56 012
-
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.

1 380
-
5 628
-
surtax
-
-
8 122
-
income
2 233
-
11 100
-
total
3 613
-
24 850
-
Employer
12 546
-
56 012
-
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.

3 022
-
12 327
-
surtax
-
-
6 161
-
total
3 022
-
18 488
-
Corporate
58 932
74 500
-
-
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%.

11 787
14 900
-
-
total
11 787
14 900
-
-
Dividends

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

47 145
59 600
-
-
total
-
-
-
-
Income
74 500
74 500
74 500
74 500
Total tax
18 422
14 900
43 338
48 887
After tax
56 078
59 600
31 162
25 613
Living cost
8 932
8 932
8 932
8 932
Free-cash
47 146
50 668
22 230
16 681

Estimated living cost  is ₴8932 per week

₴5699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18882
₴16250
₴23223
₴28438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
22 967
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
33 291
Employee
36 665
36 665
66 521
-
health
5 628
4 787
5 294
-
income

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

6 001
6 001
9 773
-
pensions
6 600
5 030
5 030
-
total
18 229
15 818
20 097
-
Employer
36 665
36 665
66 521
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 172
-
health
2 549
2 549
3 167
-
total
6 421
6 421
7 979
-
Corporate
31 864
31 414
-
-
income
6 373
6 283
-
-
total
6 373
6 283
-
-
Dividends
25 491
25 132
-
-
income
5 417
5 340
-
-
withholding
3 824
3 770
-
-
total
9 241
9 110
-
-
Income
74 500
74 500
74 500
74 500
Total tax
40 264
37 632
28 076
33 291
After tax
34 236
36 868
46 424
41 209
Living cost
17 986
17 986
17 986
17 986
Free-cash
16 250
18 882
28 438
23 223

Estimated living cost  is ₴17986 per week

₴12746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24137
₴23766
₴21625
₴21223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
municipal
-
-
-
19 084
accident
-
-
-
72
pensions
-
-
-
3 919
other
-
-
-
4 212
unemployment
-
-
-
36
health
-
-
-
2 262
national
-
-
-
6 750
total
-
-
-
36 335
Employee
23 568
-
63 110
-
municipal
7 028
-
18 820
-
national
-
-
6 528
-
total
7 028
-
25 348
-
Employer
23 568
-
63 110
-
accident
47
-
72
-
other
2 739
-
4 212
-
unemployment
622
-
957
-
pensions
2 548
-
3 919
-
health
1 449
-
2 229
-
total
7 405
-
11 389
-
Corporate
43 527
74 500
-
-
income
9 576
16 390
-
-
total
9 576
16 390
-
-
Dividends
33 951
58 110
-
-
withholding
10 185
17 433
-
-
total
10 185
17 433
-
-
Income
74 500
74 500
74 500
74 500
Total tax
34 194
33 823
36 737
36 335
After tax
40 306
40 677
37 763
38 165
Living cost
16 540
16 540
16 540
16 540
Free-cash
23 766
24 137
21 223
21 625

Estimated living cost  is ₴16540 per week

₴10962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
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.
₴3704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20327
₴26360
₴21565
₴30537
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
trade
-
-
-
8 972
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.

-
-
-
22 903
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.

-
-
-
2 933
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.

-
-
-
1 260
total
-
-
-
36 068
Employee

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

21 773
-
74 500
-
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.

2 933
-
2 933
-
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.

103
-
1 260
-
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.

1 871
-
22 903
-
total
4 907
-
27 096
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 727
74 500
-
-
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.

435
614
-
-
income
7 909
11 175
-
-
trade
8 673
12 255
-
-
chamber of commerce
140
171
-
-
total
17 157
24 215
-
-
Dividends
35 569
50 285
-
-
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.

480
683
-
-
withholding
8 729
12 408
-
-
total
9 209
13 091
-
-
Income
74 500
74 500
74 500
74 500
Total tax
31 273
37 306
27 096
36 068
After tax
43 227
37 194
47 404
38 432
Living cost
16 867
16 867
16 867
16 867
Free-cash
26 360
20 327
30 537
21 565

Estimated living cost  is ₴16867 per week

₴11281
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.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40428
₴38645
₴37051
₴36393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
14 676
health
-
-
-
1 900
social contributions
-
-
-
6 947
total
-
-
-
23 523
Employee
33 015
33 015
69 518
-
social contributions
1 604
2 740
3 696
-
health
328
561
1 181
-
income
3 467
3 056
14 322
-
total
5 399
6 357
19 199
-
Employer
33 015
33 015
69 518
-
social contributions
1 604
2 740
3 696
-
health
358
611
1 286
-
total
1 962
3 351
4 982
-
Corporate
53 212
38 134
-
-
income
6 652
4 766
-
-
total
6 652
4 766
-
-
Dividends
46 561
33 367
-
-
withholding
7 916
5 672
-
-
total
7 916
5 672
-
-
Income
74 500
74 500
74 500
74 500
Total tax
21 929
20 146
24 181
23 523
After tax
52 571
54 354
50 319
50 977
Living cost
13 926
13 926
13 926
13 926
Free-cash
38 645
40 428
36 393
37 051

Estimated living cost  is ₴13926 per week

₴9520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34075
₴34237
₴43833
₴35413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
9 108
pensions
-
-
-
7 450
unemployment
-
-
-
1 118
health
-
-
-
5 215
total
-
-
-
22 891
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.

11 225
4 467
62 343
-
health
786
313
4 364
-
income
1 372
546
7 621
-
pensions
1 123
447
6 234
-
unemployment
168
67
935
-
total
3 449
1 373
19 154
-
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.

11 225
4 467
62 343
-
pensions
2 189
871
12 157
-
total
2 189
871
12 157
-
Corporate
61 086
69 161
-
-
income
5 498
6 225
-
-
total
5 498
6 225
-
-
Dividends
55 588
62 937
-
-
social contributions
10 789
12 222
-
-
withholding
10 562
11 958
-
-
total
21 351
24 180
-
-
Income
74 500
74 500
74 500
74 500
Total tax
32 487
32 649
31 311
22 891
After tax
42 013
41 851
43 189
51 609
Living cost
7 776
7 776
7 776
7 776
Free-cash
34 237
34 075
35 413
43 833

Estimated living cost  is ₴7776 per week

₴5307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
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.
₴1678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49230
₴46562
₴29562
₴32570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
9 983
pensions
-
-
-
14 900
health
-
-
-
9 685
total
-
-
-
34 568
Employee
12 180
-
55 679
-
income
1 371
-
10 735
-
pensions
244
-
1 114
-
unemployment
195
-
891
-
total
1 810
-
12 740
-
Employer
12 180
-
55 679
-
unemployment
98
-
446
-
pensions
2 436
-
11 136
-
health
1 583
-
7 238
-
total
4 117
-
18 820
-
Corporate
58 203
74 500
-
-
income
11 641
14 900
-
-
total
11 641
14 900
-
-
Dividends
46 562
59 600
-
-
total
-
-
-
-
Income
74 500
74 500
74 500
74 500
Total tax
17 568
14 900
31 560
34 568
After tax
56 932
59 600
42 940
39 932
Living cost
10 370
10 370
10 370
10 370
Free-cash
46 562
49 230
32 570
29 562

Estimated living cost  is ₴10370 per week

₴7113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3343
₴4596
₴41553
₴31069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
accident
-
-
-
108
income
-
-
-
20 601
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
23 570
Employee
14 750
-
67 042
-
health
1 689
-
7 676
-
income
2 024
-
15 668
-
pensions
1 661
-
3 252
-
total
5 374
-
26 596
-
Employer
14 750
-
67 042
-
accident
246
-
1 120
-
unemployment
361
-
1 642
-
pensions
2 398
-
4 696
-
total
3 005
-
7 458
-
Corporate
56 744
74 500
-
-
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.

51 070
67 050
-
-
total
51 070
67 050
-
-
Dividends
5 674
7 450
-
-
withholding
1 078
1 416
-
-
total
1 078
1 416
-
-
Income
74 500
74 500
74 500
74 500
Total tax
60 527
68 466
34 054
23 570
After tax
13 973
6 034
40 446
50 930
Living cost
9 377
9 377
9 377
9 377
Free-cash
4 596
-3 343
31 069
41 553

Estimated living cost  is ₴9377 per week

₴6872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
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.
₴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

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
₴66861
₴66127
₴69841
₴55686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
74 500
microenterprise

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

-
-
-
745
total
-
-
-
745
Employee
4 892
-
74 500
-
income
978
-
14 900
-
total
978
-
14 900
-
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%.

69 608
74 500
-
-
total
-
-
-
-
Dividends
69 608
74 500
-
-
withholding
3 481
3 725
-
-
total
3 481
3 725
-
-
Income
74 500
74 500
74 500
74 500
Total tax
4 459
3 725
14 900
745
After tax
70 041
70 775
59 600
73 755
Living cost
3 914
3 914
3 914
3 914
Free-cash
66 127
66 861
55 686
69 841

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43294
₴40394
₴30018
₴30810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
11 397
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.

-
-
-
15 670
other
-
-
-
3 101
health
-
-
-
2 873
total
-
-
-
33 041
Employee
15 589
-
59 505
-
health
218
-
833
-
income
2 684
-
11 661
-
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.

1 091
-
4 165
-
unemployment
156
-
595
-
total
4 149
-
17 254
-
Employer
15 589
-
59 505
-
accident
125
-
476
-
other
780
-
2 976
-
unemployment
156
-
595
-
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.

2 650
-
10 115
-
health
218
-
833
-
total
3 929
-
14 995
-
Corporate
54 982
74 500
-
-
income
11 546
15 645
-
-
total
11 546
15 645
-
-
Dividends
43 436
58 855
-
-
withholding
3 041
4 120
-
-
total
3 041
4 120
-
-
Income
74 500
74 500
74 500
74 500
Total tax
22 665
19 765
32 249
33 041
After tax
51 835
54 735
42 251
41 459
Living cost
11 441
11 441
11 441
11 441
Free-cash
40 394
43 294
30 810
30 018

Estimated living cost  is ₴11441 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
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.
₴2400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20040
₴20982
₴20623
₴13871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
21 119
pensions
-
-
-
3 856
total
-
-
-
24 975
Employee
40 892
-
65 095
-
health
674
-
950
-
income
7 371
-
16 618
-
pensions
3 945
-
4 754
-
total
11 990
-
22 322
-
Employer
40 892
-
65 095
-
pensions
4 828
-
8 168
-
health
777
-
1 237
-
total
5 605
-
9 405
-
Corporate
28 003
74 500
-
-
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.

5 320
14 155
-
-
total
5 320
14 155
-
-
Dividends
22 683
60 345
-
-
withholding
1 701
11 403
-
-
total
1 701
11 403
-
-
Income
74 500
74 500
74 500
74 500
Total tax
24 616
25 558
31 727
24 975
After tax
49 884
48 942
42 773
49 525
Living cost
28 902
28 902
28 902
28 902
Free-cash
20 982
20 040
13 871
20 623

Estimated living cost  is ₴28902 per week

₴21657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and 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

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
₴58069
₴56074
₴53691
₴56600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
11 175
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
15 180
Employee
7 454
-
71 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
7 156
-
pensions

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

654
-
1 317
-
total
1 824
-
9 328
-
Employer
7 454
-
71 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
65 583
74 500
-
-
income
6 558
7 450
-
-
total
6 558
7 450
-
-
Dividends
59 025
67 050
-
-
withholding
2 951
3 352
-
-
total
2 951
3 352
-
-
Income
74 500
74 500
74 500
74 500
Total tax
12 797
10 802
12 271
15 180
After tax
61 703
63 698
62 229
59 320
Living cost
5 630
5 630
5 630
5 630
Free-cash
56 074
58 069
56 600
53 691

Estimated living cost  is ₴5630 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
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.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13060
₴14141
₴17401
₴22616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
22 967
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
33 291
Employee
39 806
36 665
66 521
-
health
4 966
4 787
5 294
-
income

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

6 001
6 001
9 773
-
pensions
5 030
5 030
5 030
-
total
15 997
15 818
20 097
-
Employer
39 806
36 665
66 521
-
unemployment
1 433
1 320
1 640
-
pensions
2 770
2 552
3 172
-
health
2 766
2 549
3 167
-
total
6 969
6 421
7 979
-
Corporate
27 724
31 414
-
-
income
5 545
6 283
-
-
total
5 545
6 283
-
-
Dividends
22 179
25 132
-
-
income
4 713
5 340
-
-
withholding
3 327
3 770
-
-
total
8 040
9 110
-
-
Income
74 500
74 500
74 500
74 500
Total tax
36 551
37 632
28 076
33 291
After tax
37 949
36 868
46 424
41 209
Living cost
23 808
23 808
23 808
23 808
Free-cash
14 141
13 060
22 616
17 401

Estimated living cost  is ₴23808 per week

₴17563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41036
₴37377
₴31974
₴28679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
7 452
health
-
-
-
10 057
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 760
total
-
-
-
32 269
Employee
15 084
-
56 755
-
social contributions
980
-
3 286
-
health
2 036
-
7 662
-
solidarity contribution
-
-
-
-
income
1 810
-
6 871
-
total
4 826
-
17 819
-
Employer
15 084
-
56 755
-
social contributions
3 771
-
12 637
-
health
1 358
-
5 108
-
total
5 129
-
17 745
-
Corporate
54 287
74 500
-
-
income
10 315
14 155
-
-
total
10 315
14 155
-
-
Dividends
43 973
60 345
-
-
withholding
6 596
9 052
-
-
total
6 596
9 052
-
-
Income
74 500
74 500
74 500
74 500
Total tax
26 866
23 207
35 564
32 269
After tax
47 634
51 293
38 936
42 231
Living cost
10 257
10 257
10 257
10 257
Free-cash
37 377
41 036
28 679
31 974

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
₴21632
₴19390
₴17556
₴14189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
municipal
-
-
-
442
regional
-
-
-
878
national
-
-
-
18 346
social contributions
-
-
-
19 161
total
-
-
-
38 827
Employee
38 158
-
74 500
-
social contributions
12 867
-
25 121
-
regional
360
-
775
-
municipal
202
-
395
-
national
6 612
-
15 903
-
total
20 041
-
42 194
-
Employer
38 158
-
74 500
-
total
-
-
-
-
Corporate
36 342
74 500
-
-
nationa
8 722
17 880
-
-
municipal
1 418
2 906
-
-
total
10 140
20 786
-
-
Dividends
26 202
53 714
-
-
withholding
6 812
13 965
-
-
total
6 812
13 965
-
-
Income
74 500
74 500
74 500
74 500
Total tax
36 993
34 751
42 194
38 827
After tax
37 507
39 749
32 306
35 673
Living cost
18 117
18 117
18 117
18 117
Free-cash
19 390
21 632
14 189
17 556

Estimated living cost  is ₴18117 per week

₴12629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37387
₴36050
₴25795
₴23170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
20 464
pensions
-
-
-
11 461
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 068
surtax
-
-
-
3 140
total
-
-
-
39 231
Employee
14 198
-
62 438
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
2 627
-
income
2 380
-
17 896
-
pensions
947
-
3 822
-
unemployment
988
-
3 988
-
total
4 724
-
29 794
-
Employer
14 198
-
62 438
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 639
-
health
646
-
2 607
-
total
2 989
-
12 062
-
Corporate
57 313
74 500
-
-
income
14 901
19 370
-
-
total
14 901
19 370
-
-
Dividends
42 411
55 130
-
-
withholding
6 362
8 269
-
-
total
6 362
8 269
-
-
Income
74 500
74 500
74 500
74 500
Total tax
28 976
27 639
41 856
39 231
After tax
45 524
46 861
32 644
35 269
Living cost
9 474
9 474
9 474
9 474
Free-cash
36 050
37 387
23 170
25 795

Estimated living cost  is ₴9474 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
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.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29197
₴32050
₴29780
₴23028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
21 119
pensions
-
-
-
3 856
total
-
-
-
24 975
Employee
27 405
-
65 095
-
health
398
-
950
-
income
4 936
-
16 618
-
pensions
2 326
-
4 754
-
total
7 660
-
22 322
-
Employer
27 405
-
65 095
-
pensions
2 967
-
8 168
-
health
521
-
1 237
-
total
3 488
-
9 405
-
Corporate
43 608
74 500
-
-
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.

8 286
14 155
-
-
total
8 286
14 155
-
-
Dividends
35 322
60 345
-
-
withholding
3 271
11 403
-
-
total
3 271
11 403
-
-
Income
74 500
74 500
74 500
74 500
Total tax
22 705
25 558
31 727
24 975
After tax
51 795
48 942
42 773
49 525
Living cost
19 745
19 745
19 745
19 745
Free-cash
32 050
29 197
23 028
29 780

Estimated living cost  is ₴19745 per week

₴14793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1266
₴15298
₴27524
₴24096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
city
-
-
-
785
pensions
-
-
-
6 854
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.

-
-
-
1 490
regional
-
-
-
3 661
health
-
-
-
168
national
-
-
-
1 216
total
-
-
-
14 174
Employee
38 387
-
66 682
-
city
412
-
716
-
regional
1 257
-
3 153
-
health
87
-
150
-
pensions
3 225
-
5 601
-
unemployment
-
-
-
-
national
182
-
897
-
total
5 163
-
10 517
-
Employer
38 387
-
66 682
-
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.

768
-
1 334
-
unemployment
-
-
-
-
pensions
3 225
-
5 601
-
health
87
-
150
-
total
4 080
-
7 085
-
Corporate
31 611
74 500
-
-
regional
6 686
15 757
-
-
national
2 687
6 332
-
-
total
9 373
22 089
-
-
Dividends
22 239
52 411
-
-
withholding
7 784
18 343
-
-
total
7 784
18 343
-
-
Income
74 500
74 500
74 500
74 500
Total tax
26 400
40 432
17 602
14 174
After tax
48 100
34 068
56 898
60 326
Living cost
32 802
32 802
32 802
32 802
Free-cash
15 298
1 266
24 096
27 524

Estimated living cost  is ₴32802 per week

₴21331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17142
₴24105
₴18382
₴27735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
trade
-
-
-
9 353
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.

-
-
-
22 903
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.

-
-
-
2 933
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.

-
-
-
1 260
total
-
-
-
36 449
Employee

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

25 803
-
74 500
-
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.

2 933
-
2 933
-
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
-
1 260
-
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.

3 034
-
22 903
-
total
6 134
-
27 096
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 697
74 500
-
-
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.

402
614
-
-
income
7 304
11 175
-
-
trade
8 351
12 777
-
-
chamber of commerce
134
170
-
-
total
16 191
24 736
-
-
Dividends
32 505
49 764
-
-
surtax

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

438
675
-
-
withholding
7 963
12 278
-
-
total
8 401
12 953
-
-
Income
74 500
74 500
74 500
74 500
Total tax
30 726
37 689
27 096
36 449
After tax
43 774
36 811
47 404
38 051
Living cost
19 669
19 669
19 669
19 669
Free-cash
24 105
17 142
27 735
18 382

Estimated living cost  is ₴19669 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22857
₴25394
₴27311
₴26370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
11 560
pensions
-
-
-
13 392
other
-
-
-
2 310
health
-
-
-
3 115
surtax
-
-
-
-
social contributions
-
-
-
2 122
total
-
-
-
32 499
Employee
18 376
-
57 791
-
social contributions
524
-
1 646
-
surtax
-
-
-
-
income
1 084
-
11 121
-
pensions
2 078
-
3 963
-
total
3 686
-
16 730
-
Employer
18 376
-
57 791
-
other
634
-
2 231
-
social contributions
55
-
174
-
unemployment
744
-
2 341
-
pensions
3 019
-
6 682
-
health
1 287
-
5 282
-
total
5 739
-
16 710
-
Corporate
50 386
74 500
-
-
surtax
-
-
-
-
income
14 108
20 860
-
-
total
14 108
20 860
-
-
Dividends
36 278
53 640
-
-
surtax
-
-
-
-
social contributions
6 240
9 227
-
-
withholding
4 643
6 866
-
-
total
10 883
16 093
-
-
Income
74 500
74 500
74 500
74 500
Total tax
34 416
36 953
33 440
32 499
After tax
40 084
37 547
41 060
42 001
Living cost
14 690
14 690
14 690
14 690
Free-cash
25 394
22 857
26 370
27 311

Estimated living cost  is ₴14690 per week

₴9262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1194
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.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24313
₴26699
₴28767
₴27826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
11 560
pensions
-
-
-
13 392
other
-
-
-
2 310
health
-
-
-
3 115
surtax
-
-
-
-
social contributions
-
-
-
2 122
total
-
-
-
32 499
Employee
16 403
-
57 791
-
social contributions
468
-
1 646
-
surtax
-
-
-
-
income
846
-
11 121
-
pensions
1 855
-
3 963
-
total
3 169
-
16 730
-
Employer
16 403
-
57 791
-
other
566
-
2 231
-
social contributions
49
-
174
-
unemployment
664
-
2 341
-
pensions
2 695
-
6 682
-
health
1 148
-
5 282
-
total
5 122
-
16 710
-
Corporate
52 975
74 500
-
-
surtax
-
-
-
-
income
14 833
20 860
-
-
total
14 833
20 860
-
-
Dividends
38 142
53 640
-
-
surtax
-
-
-
-
social contributions
6 561
9 227
-
-
withholding
4 882
6 866
-
-
total
11 443
16 093
-
-
Income
74 500
74 500
74 500
74 500
Total tax
34 567
36 953
33 440
32 499
After tax
39 933
37 547
41 060
42 001
Living cost
13 234
13 234
13 234
13 234
Free-cash
26 699
24 313
27 826
28 767

Estimated living cost  is ₴13234 per week

₴7675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
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.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36347
₴36571
₴38740
₴37237
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
11 175
health
-
-
-
5 200
social contributions
-
-
-
10 281
total
-
-
-
26 656
Employee
14 558
-
74 500
-
social contributions
2 009
-
10 281
-
health
1 016
-
5 200
-
income
2 428
-
12 678
-
total
5 453
-
28 159
-
Employer
14 558
-
74 500
-
total
-
-
-
-
Corporate
59 942
74 500
-
-
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%.

2 997
3 725
-
-
total
2 997
3 725
-
-
Dividends
56 946
70 775
-
-
health
3 974
4 940
-
-
social contributions
7 859
9 767
-
-
withholding
8 542
10 617
-
-
total
20 375
25 324
-
-
Income
74 500
74 500
74 500
74 500
Total tax
28 825
29 049
28 159
26 656
After tax
45 675
45 451
46 341
47 844
Living cost
9 104
9 104
9 104
9 104
Free-cash
36 571
36 347
37 237
38 740

Estimated living cost  is ₴9104 per week

₴6093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
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.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26105
₴25437
₴23104
₴4635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
chamber of commerce
-
-
-
298
income
-
-
-
20 134
pensions
-
-
-
9 280
unemployment
-
-
-
2 633
health
-
-
-
3 837
surtax
-
-
-
85
total
-
-
-
36 267
Employee
21 457
17 110
59 312
-
other
214
171
502
-
health
830
662
1 941
-
income
2 443
1 262
16 043
-
pensions
2 197
1 752
5 136
-
unemployment
644
513
1 505
-
total
6 328
4 360
25 127
-
Employer
21 457
17 110
59 312
-
accident
279
222
652
-
other
1 019
812
2 739
-
chamber of commerce
86
68
237
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 295
-
payroll
644
513
1 779
-
health
811
647
1 896
-
total
6 261
5 008
15 188
-
Corporate
46 784
52 380
57 682
-
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.

11 696
13 095
14 421
-
total
11 696
13 095
14 421
-
Dividends
35 088
39 285
-
-
withholding
9 649
10 803
-
-
total
9 649
10 803
-
-
Income
74 500
74 500
74 500
74 500
Total tax
33 934
33 266
54 736
36 267
After tax
40 566
41 234
19 764
38 233
Living cost
15 129
15 129
15 129
15 129
Free-cash
25 437
26 105
4 635
23 104

Estimated living cost  is ₴15129 per week

₴10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26013
₴19574
₴16637
₴10639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
national
-
-
-
27 676
communal

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

-
-
-
3 828
social contributions
-
-
-
10 704
total
-
-
-
42 208
Employee

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

30 712
-
57 703
-
communal

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

1 602
-
3 010
-
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.

1 443
-
2 712
-
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.

2 303
-
4 327
-
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
-
502
-
national
9 442
-
20 859
-
total
15 057
-
31 410
-
Employer

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

30 712
-
57 703
-
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.

399
-
750
-
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.

448
-
842
-
surtax
3 482
-
6 543
-
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.

2 721
-
5 113
-
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.

1 889
-
3 548
-
total
8 939
-
16 796
-
Corporate
34 848
74 500
-
-
surtax
139
298
-
-
income
6 970
14 900
-
-
total
7 109
15 198
-
-
Dividends
27 739
59 302
-
-
withholding

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

8 166
17 634
-
-
total
8 166
17 634
-
-
Income
74 500
74 500
74 500
74 500
Total tax
39 271
32 832
48 206
42 208
After tax
35 229
41 668
26 294
32 292
Living cost
15 655
15 655
15 655
15 655
Free-cash
19 574
26 013
10 639
16 637

Estimated living cost  is ₴15655 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34167
₴31197
₴26315
₴24514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
accident
-
-
-
359
income
-
-
-
20 739
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
32 679
Employee
21 372
-
61 813
-
other
21
-
40
-
income
4 509
-
19 265
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 867
-
21 793
-
Employer
21 372
-
61 813
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 188
-
pensions
5 043
-
9 392
-
total
6 812
-
12 687
-
Corporate
46 315
74 500
-
-
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.

6 948
11 175
-
-
total
6 948
11 175
-
-
Dividends
39 368
63 325
-
-
withholding
8 170
13 652
-
-
total
8 170
13 652
-
-
Income
74 500
74 500
74 500
74 500
Total tax
27 797
24 827
34 480
32 679
After tax
46 703
49 673
40 020
41 821
Living cost
15 506
15 506
15 506
15 506
Free-cash
31 197
34 167
24 514
26 315

Estimated living cost  is ₴15506 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
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.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20319
₴14888
₴13627
₴16596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
accident
-
-
-
628
income
-
-
-
12 109
pensions
-
-
-
11 167
health
-
-
-
5 234
surtax
-
-
-
3 693
communal
-
-
-
4 709
total
-
-
-
37 540
Employee
32 515
-
66 548
-
health
1 447
-
2 961
-
surtax
1 993
-
4 079
-
income
3 141
-
14 254
-
pensions
2 601
-
5 324
-
total
9 182
-
26 618
-
Employer
32 515
-
66 548
-
accident
293
-
599
-
pensions
2 601
-
5 324
-
health
992
-
2 030
-
total
3 886
-
7 953
-
Corporate
38 101
74 500
-
-
surtax
400
782
-
-
communal
2 571
5 029
-
-
income
5 715
11 175
-
-
total
8 686
16 986
-
-
Dividends
29 414
57 514
-
-
income
10 113
5 235
-
-
withholding
4 412
8 627
-
-
total
14 525
13 862
-
-
Income
74 500
74 500
74 500
74 500
Total tax
36 279
30 848
34 571
37 540
After tax
38 221
43 652
39 929
36 960
Living cost
23 333
23 333
23 333
23 333
Free-cash
14 888
20 319
16 596
13 627

Estimated living cost  is ₴23333 per week

₴17503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37217
₴35850
₴25625
₴23000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
20 464
pensions
-
-
-
11 461
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 068
surtax
-
-
-
3 140
total
-
-
-
39 231
Employee
14 459
-
62 438
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
2 627
-
income
2 424
-
17 896
-
pensions
965
-
3 822
-
unemployment
1 006
-
3 988
-
total
4 815
-
29 794
-
Employer
14 459
-
62 438
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 639
-
health
658
-
2 607
-
total
3 045
-
12 062
-
Corporate
56 997
74 500
-
-
income
14 819
19 370
-
-
total
14 819
19 370
-
-
Dividends
42 178
55 130
-
-
withholding
6 327
8 269
-
-
total
6 327
8 269
-
-
Income
74 500
74 500
74 500
74 500
Total tax
29 006
27 639
41 856
39 231
After tax
45 494
46 861
32 644
35 269
Living cost
9 644
9 644
9 644
9 644
Free-cash
35 850
37 217
23 000
25 625

Estimated living cost  is ₴9644 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴838
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴27594
₴26640
₴23862
₴20512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
municipal
-
-
-
442
regional
-
-
-
1 123
national
-
-
-
18 346
social contributions
-
-
-
19 161
total
-
-
-
39 072
Employee
23 817
-
74 500
-
social contributions
8 031
-
25 121
-
regional
321
-
1 003
-
municipal
126
-
395
-
national
3 773
-
15 903
-
total
12 251
-
42 422
-
Employer
23 817
-
74 500
-
total
-
-
-
-
Corporate
50 683
74 500
-
-
nationa
12 164
17 880
-
-
municipal
2 519
3 702
-
-
total
14 683
21 582
-
-
Dividends
36 000
52 917
-
-
withholding
9 360
13 758
-
-
total
9 360
13 758
-
-
Income
74 500
74 500
74 500
74 500
Total tax
36 294
35 340
42 422
39 072
After tax
38 206
39 160
32 078
35 428
Living cost
11 566
11 566
11 566
11 566
Free-cash
26 640
27 594
20 512
23 862

Estimated living cost  is ₴11566 per week

₴7193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
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.
₴3003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38653
₴34144
₴29591
₴26296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
7 452
health
-
-
-
10 057
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 760
total
-
-
-
32 269
Employee
18 588
-
56 755
-
social contributions
1 208
-
3 286
-
health
2 509
-
7 662
-
solidarity contribution
-
-
-
-
income
2 230
-
6 871
-
total
5 947
-
17 819
-
Employer
18 588
-
56 755
-
social contributions
4 647
-
12 637
-
health
1 673
-
5 108
-
total
6 320
-
17 745
-
Corporate
49 593
74 500
-
-
income
9 423
14 155
-
-
total
9 423
14 155
-
-
Dividends
40 170
60 345
-
-
withholding
6 026
9 052
-
-
total
6 026
9 052
-
-
Income
74 500
74 500
74 500
74 500
Total tax
27 716
23 207
35 564
32 269
After tax
46 784
51 293
38 936
42 231
Living cost
12 640
12 640
12 640
12 640
Free-cash
34 144
38 653
26 296
29 591

Estimated living cost  is ₴12640 per week

₴9400
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
₴27582
₴27367
₴24620
₴6087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
chamber of commerce
-
-
-
298
income
-
-
-
20 134
pensions
-
-
-
9 280
unemployment
-
-
-
2 633
health
-
-
-
3 837
surtax
-
-
-
-
total
-
-
-
36 182
Employee
18 768
17 110
59 390
-
other
187
171
502
-
health
726
662
1 941
-
income
1 672
1 262
16 080
-
pensions
1 922
1 752
5 136
-
unemployment
563
513
1 505
-
total
5 070
4 360
25 164
-
Employer
18 768
17 110
59 390
-
accident
244
222
652
-
other
891
812
2 743
-
chamber of commerce
75
68
238
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 295
-
payroll
563
513
1 782
-
health
710
647
1 896
-
total
5 402
4 923
15 111
-
Corporate
50 331
52 465
57 760
-
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.

12 583
13 116
14 440
-
total
12 583
13 116
14 440
-
Dividends
37 748
39 349
-
-
withholding
10 380
10 821
-
-
total
10 380
10 821
-
-
Income
74 500
74 500
74 500
74 500
Total tax
33 435
33 220
54 715
36 182
After tax
41 065
41 280
19 785
38 318
Living cost
13 698
13 698
13 698
13 698
Free-cash
27 367
27 582
6 087
24 620

Estimated living cost  is ₴13698 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
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.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴64676
₴63532
₴67656
₴53501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
74 500
microenterprise

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

-
-
-
745
total
-
-
-
745
Employee
7 624
-
74 500
-
income
1 525
-
14 900
-
total
1 525
-
14 900
-
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%.

66 876
74 500
-
-
total
-
-
-
-
Dividends
66 876
74 500
-
-
withholding
3 344
3 725
-
-
total
3 344
3 725
-
-
Income
74 500
74 500
74 500
74 500
Total tax
4 869
3 725
14 900
745
After tax
69 631
70 775
59 600
73 755
Living cost
6 099
6 099
6 099
6 099
Free-cash
63 532
64 676
53 501
67 656

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39778
₴36187
₴24928
₴22955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
income
-
-
-
17 008
pensions
-
-
-
13 605
unemployment
-
-
-
112
health
-
-
-
7 331
total
-
-
-
38 056
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.

18 986
-
64 464
-
health
1 226
-
4 164
-
income
3 274
-
15 747
-
pensions
2 943
-
9 992
-
unemployment
27
-
90
-
total
7 470
-
29 993
-
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.

18 986
-
64 464
-
unemployment
11
-
38
-
pensions
1 680
-
5 705
-
health
1 265
-
4 293
-
total
2 956
-
10 036
-
Corporate
52 558
74 500
-
-
income
9 986
14 155
-
-
total
9 986
14 155
-
-
Dividends
42 572
60 345
-
-
withholding
6 385
9 051
-
-
total
6 385
9 051
-
-
Income
74 500
74 500
74 500
74 500
Total tax
26 797
23 206
40 029
38 056
After tax
47 703
51 294
34 471
36 444
Living cost
11 516
11 516
11 516
11 516
Free-cash
36 187
39 778
22 955
24 928

Estimated living cost  is ₴11516 per week

₴7903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
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.
₴2652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26778
₴6331
₴32937
₴50297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
14 522
social contributions
-
-
-
8 493
total
-
-
-
23 015
Employee
26 595
-
-
-
social contributions
2 181
-
311
-
income
5 866
-
-
-
total
8 047
-
311
-
Employer
26 595
-
-
-
social contributions
37 499
-
5 344
-
total
37 499
-
5 344
-
Corporate
10 407
74 500
-
-
income
2 289
16 390
-
-
total
2 289
16 390
-
-
Dividends
8 117
58 110
-
-
income
1 786
12 784
-
-
total
1 786
12 784
-
-
Income
74 500
74 500
74 500
74 500
Total tax
49 621
29 174
5 655
23 015
After tax
24 879
45 326
68 845
51 485
Living cost
18 548
18 548
18 548
18 548
Free-cash
6 331
26 778
50 297
32 937

Estimated living cost  is ₴18548 per week

₴12034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
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.
₴4532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28909
₴28477
₴26500
₴20854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
income
-
-
-
8 644
surtax
-
-
-
-
social contributions

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

-
-
-
25 889
total
-
-
-
34 533
Employee
19 747
-
60 202
-
social contributions
2 172
-
6 623
-
surtax
-
-
-
-
income
4 107
-
19 258
-
total
6 279
-
25 881
-
Employer
19 747
-
60 202
-
social contributions
4 690
-
14 298
-
total
4 690
-
14 298
-
Corporate
50 063
74 500
-
-
surtax
-
-
-
-
income
10 513
15 645
-
-
total
10 513
15 645
-
-
Dividends
39 550
58 855
-
-
withholding
11 074
16 479
-
-
total
11 074
16 479
-
-
Income
74 500
74 500
74 500
74 500
Total tax
32 556
32 124
40 179
34 533
After tax
41 944
42 376
34 321
39 967
Living cost
13 467
13 467
13 467
13 467
Free-cash
28 477
28 909
20 854
26 500

Estimated living cost  is ₴13467 per week

₴10076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16810
₴19761
₴21264
₴20323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
11 560
pensions
-
-
-
13 392
other
-
-
-
2 310
health
-
-
-
3 115
surtax
-
-
-
-
social contributions
-
-
-
2 122
total
-
-
-
32 499
Employee
26 891
-
57 791
-
social contributions
766
-
1 646
-
surtax
-
-
-
-
income
2 346
-
11 121
-
pensions
3 042
-
3 963
-
total
6 154
-
16 730
-
Employer
26 891
-
57 791
-
other
928
-
2 231
-
social contributions
81
-
174
-
unemployment
1 089
-
2 341
-
pensions
4 419
-
6 682
-
health
1 882
-
5 282
-
total
8 399
-
16 710
-
Corporate
39 210
74 500
-
-
surtax
-
-
-
-
income
10 979
20 860
-
-
total
10 979
20 860
-
-
Dividends
28 231
53 640
-
-
surtax
-
-
-
-
social contributions
4 856
9 227
-
-
withholding
3 614
6 866
-
-
total
8 470
16 093
-
-
Income
74 500
74 500
74 500
74 500
Total tax
34 002
36 953
33 440
32 499
After tax
40 498
37 547
41 060
42 001
Living cost
20 737
20 737
20 737
20 737
Free-cash
19 761
16 810
20 323
21 264

Estimated living cost  is ₴20737 per week

₴14035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1696
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.
₴4722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54144
₴52701
₴42000
₴43979
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
3 204
social contributions
-
-
-
16 390
total
-
-
-
19 594
Employee
13 803
-
64 502
-
income
-
-
3 424
-
social contributions
897
-
4 193
-
total
897
-
7 617
-
Employer
13 803
-
64 502
-
social contributions
2 140
-
9 998
-
total
2 140
-
9 998
-
Corporate
58 557
74 500
-
-
income
5 856
7 450
-
-
total
5 856
7 450
-
-
Dividends
52 701
67 050
-
-
total
-
-
-
-
Income
74 500
74 500
74 500
74 500
Total tax
8 893
7 450
17 615
19 594
After tax
65 607
67 050
56 885
54 906
Living cost
12 906
12 906
12 906
12 906
Free-cash
52 701
54 144
43 979
42 000

Estimated living cost  is ₴12906 per week

₴8345
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.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19035
-₴19035
₴23329
-₴19035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
municipal
-
-
-
15 485
pensions
-
-
-
372
national
-
-
-
8 709
labour market
-
-
-
5 930
total
-
-
-
30 496
Employee
87 266
87 266
87 266
-
labour market
6 971
6 971
6 971
-
national
10 661
10 661
10 661
-
municipal
18 583
18 583
18 583
-
pensions
124
124
124
-
total
36 339
36 339
36 339
-
Employer
87 266
87 266
87 266
-
labour market
6 981
6 981
6 981
-
municipal
18 612
18 612
18 612
-
pensions
248
248
248
-
national
10 680
10 680
10 680
-
total
36 521
36 521
36 521
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
74 500
74 500
74 500
74 500
Total tax
72 860
72 860
72 860
30 496
After tax
1 640
1 640
1 640
44 004
Living cost
20 675
20 675
20 675
20 675
Free-cash
-19 035
-19 035
-19 035
23 329

Estimated living cost  is ₴20675 per week

₴14150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3204
₴4618
₴41692
₴31208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
accident
-
-
-
108
income
-
-
-
20 601
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
23 570
Employee
14 532
-
67 042
-
health
1 664
-
7 676
-
income
1 994
-
15 668
-
pensions
1 636
-
3 252
-
total
5 294
-
26 596
-
Employer
14 532
-
67 042
-
accident
243
-
1 120
-
unemployment
356
-
1 642
-
pensions
2 363
-
4 696
-
total
2 962
-
7 458
-
Corporate
57 006
74 500
-
-
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.

51 305
67 050
-
-
total
51 305
67 050
-
-
Dividends
5 701
7 450
-
-
withholding
1 083
1 416
-
-
total
1 083
1 416
-
-
Income
74 500
74 500
74 500
74 500
Total tax
60 644
68 466
34 054
23 570
After tax
13 856
6 034
40 446
50 930
Living cost
9 238
9 238
9 238
9 238
Free-cash
4 618
-3 204
31 208
41 692

Estimated living cost  is ₴9238 per week

₴6724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
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.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30270
₴31320
₴31732
₴22671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
74 500
municipal
-
-
-
13 236
health
-
-
-
968
national
-
-
-
12 080
total
-
-
-
26 284
Employee
22 589
-
62 673
-
health
169
-
786
-
municipal
3 700
-
10 209
-
pensions
1 524
-
4 230
-
unemployment
339
-
940
-
national
373
-
7 354
-
total
6 105
-
23 519
-
Employer
22 589
-
62 673
-
accident
23
-
63
-
unemployment
147
-
407
-
pensions
3 919
-
10 874
-
health
174
-
482
-
total
4 263
-
11 826
-
Corporate
47 649
74 500
-
-
income
9 530
14 900
-
-
total
9 530
14 900
-
-
Dividends

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

28 589
44 700
-
-
national
1 652
4 800
-
-
municipal
5 146
8 046
-
-
total
6 798
12 846
-
-
Income
74 500
74 500
74 500
74 500
Total tax
26 696
27 746
35 345
26 284
After tax
47 804
46 754
39 155
48 216
Living cost
16 484
16 484
16 484
16 484
Free-cash
31 320
30 270
22 671
31 732

Estimated living cost  is ₴16484 per week

₴10767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44413
₴42074
₴41036
₴40378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
14 676
health
-
-
-
1 900
social contributions
-
-
-
6 947
total
-
-
-
23 523
Employee
33 015
33 015
69 518
-
social contributions
1 248
2 740
3 696
-
health
256
561
1 181
-
income
3 595
3 056
14 322
-
total
5 099
6 357
19 199
-
Employer
33 015
33 015
69 518
-
social contributions
1 248
2 740
3 696
-
health
278
611
1 286
-
total
1 526
3 351
4 982
-
Corporate
57 934
38 134
-
-
income
7 242
4 766
-
-
total
7 242
4 766
-
-
Dividends
50 693
33 367
-
-
withholding
8 618
5 672
-
-
total
8 618
5 672
-
-
Income
74 500
74 500
74 500
74 500
Total tax
22 485
20 146
24 181
23 523
After tax
52 015
54 354
50 319
50 977
Living cost
9 941
9 941
9 941
9 941
Free-cash
42 074
44 413
40 378
41 036

Estimated living cost  is ₴9941 per week

₴5958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54876
₴52691
₴55816
₴47202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
74 500
income
-
-
-
7 570
pensions
-
-
-
2 731
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
11 867
Employee

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

9 855
-
70 304
-
health
838
-
3 463
-
income
674
-
6 506
-
pensions
1 478
-
6 111
-
unemployment
49
-
204
-
total
3 039
-
16 284
-
Employer

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

9 855
-
70 304
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
63 630
74 500
-
-
income
5 727
6 705
-
-
total
5 727
6 705
-
-
Dividends
57 903
67 795
-
-
withholding
5 211
6 102
-
-
total
5 211
6 102
-
-
Income
74 500
74 500
74 500
74 500
Total tax
14 992
12 807
20 481
11 867
After tax
59 508
61 693
54 019
62 633
Living cost
6 817
6 817
6 817
6 817
Free-cash
52 691
54 876
47 202
55 816

Estimated living cost  is ₴6817 per week

₴4349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37866
₴35970
₴30014
₴28213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
accident
-
-
-
359
income
-
-
-
20 739
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
32 679
Employee
15 876
-
61 813
-
other
15
-
40
-
income
3 061
-
19 265
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
21 793
-
Employer
15 876
-
61 813
-
accident
315
-
788
-
other
127
-
319
-
unemployment
873
-
2 188
-
pensions
3 746
-
9 392
-
total
5 061
-
12 687
-
Corporate
53 563
74 500
-
-
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.

8 035
11 175
-
-
total
8 035
11 175
-
-
Dividends
45 528
63 325
-
-
withholding
9 559
13 652
-
-
total
9 559
13 652
-
-
Income
74 500
74 500
74 500
74 500
Total tax
26 723
24 827
34 480
32 679
After tax
47 777
49 673
40 020
41 821
Living cost
11 807
11 807
11 807
11 807
Free-cash
35 970
37 866
28 213
30 014

Estimated living cost  is ₴11807 per week

₴7969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45313
₴45119
₴46560
₴46476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
25 286
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
26 765
Employee
1 790
-
73 536
-
health
90
-
214
-
income
346
-
25 241
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
25 884
-
Employer
1 790
-
73 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
72 307
74 500
-
-
income
15 908
16 390
-
-
total
15 908
16 390
-
-
Dividends
56 399
58 110
-
-
withholding
11 280
11 622
-
-
total
11 280
11 622
-
-
Income
74 500
74 500
74 500
74 500
Total tax
28 206
28 012
26 849
26 765
After tax
46 294
46 488
47 651
47 735
Living cost
1 175
1 175
1 175
1 175
Free-cash
45 119
45 313
46 476
46 560

Estimated living cost  is ₴1175 per week

₴698
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.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46406
₴44296
₴38261
₴38261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
income
-
-
-
16 833
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
28 819
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.

11 188
-
68 825
-
health
576
-
1 633
-
income
1 542
-
16 833
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
23 143
-
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.

11 188
-
68 825
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
61 309
74 500
-
-
income
9 196
11 175
-
-
total
9 196
11 175
-
-
Dividends
52 113
63 325
-
-
withholding
7 817
9 499
-
-
total
7 817
9 499
-
-
Income
74 500
74 500
74 500
74 500
Total tax
22 784
20 674
28 819
28 819
After tax
51 716
53 826
45 681
45 681
Living cost
7 420
7 420
7 420
7 420
Free-cash
44 296
46 406
38 261
38 261

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30801
₴30646
₴28392
₴22746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
income
-
-
-
8 644
surtax
-
-
-
-
social contributions

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

-
-
-
25 889
total
-
-
-
34 533
Employee
16 664
-
60 202
-
social contributions
1 833
-
6 623
-
surtax
-
-
-
-
income
3 256
-
19 258
-
total
5 089
-
25 881
-
Employer
16 664
-
60 202
-
social contributions
3 957
-
14 298
-
total
3 957
-
14 298
-
Corporate
53 878
74 500
-
-
surtax
-
-
-
-
income
11 315
15 645
-
-
total
11 315
15 645
-
-
Dividends
42 564
58 855
-
-
withholding
11 918
16 479
-
-
total
11 918
16 479
-
-
Income
74 500
74 500
74 500
74 500
Total tax
32 279
32 124
40 179
34 533
After tax
42 221
42 376
34 321
39 967
Living cost
11 575
11 575
11 575
11 575
Free-cash
30 646
30 801
22 746
28 392

Estimated living cost  is ₴11575 per week

₴8198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34584
₴31761
₴26732
₴24931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
accident
-
-
-
359
income
-
-
-
20 739
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
32 679
Employee
20 736
-
61 813
-
other
20
-
40
-
income
4 331
-
19 265
-
pensions
974
-
1 871
-
unemployment
321
-
617
-
total
5 646
-
21 793
-
Employer
20 736
-
61 813
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 188
-
pensions
4 894
-
9 392
-
total
6 612
-
12 687
-
Corporate
47 153
74 500
-
-
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.

7 073
11 175
-
-
total
7 073
11 175
-
-
Dividends
40 080
63 325
-
-
withholding
8 319
13 652
-
-
total
8 319
13 652
-
-
Income
74 500
74 500
74 500
74 500
Total tax
27 650
24 827
34 480
32 679
After tax
46 850
49 673
40 020
41 821
Living cost
15 089
15 089
15 089
15 089
Free-cash
31 761
34 584
24 931
26 732

Estimated living cost  is ₴15089 per week

₴10837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56312
₴53695
₴51934
₴54843
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
11 175
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
15 180
Employee
9 780
-
71 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
7 156
-
pensions

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

859
-
1 317
-
total
2 394
-
9 328
-
Employer
9 780
-
71 558
-
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.

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
62 801
74 500
-
-
income
6 280
7 450
-
-
total
6 280
7 450
-
-
Dividends
56 521
67 050
-
-
withholding
2 826
3 352
-
-
total
2 826
3 352
-
-
Income
74 500
74 500
74 500
74 500
Total tax
13 419
10 802
12 271
15 180
After tax
61 081
63 698
62 229
59 320
Living cost
7 386
7 386
7 386
7 386
Free-cash
53 695
56 312
54 843
51 934

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
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.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21767
₴27384
₴23002
₴30828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
trade
-
-
-
7 826
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.

-
-
-
22 903
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.

-
-
-
2 933
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.

-
-
-
1 260
total
-
-
-
34 922
Employee

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

21 363
-
74 500
-
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.

2 933
-
2 933
-
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
-
1 260
-
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.

1 757
-
22 903
-
total
4 787
-
27 096
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 137
74 500
-
-
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.

438
614
-
-
income
7 970
11 175
-
-
trade
7 626
10 691
-
-
chamber of commerce
143
174
-
-
total
16 177
22 654
-
-
Dividends
36 960
51 846
-
-
surtax

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

499
704
-
-
withholding
9 077
12 799
-
-
total
9 576
13 503
-
-
Income
74 500
74 500
74 500
74 500
Total tax
30 540
36 157
27 096
34 922
After tax
43 960
38 343
47 404
39 578
Living cost
16 576
16 576
16 576
16 576
Free-cash
27 384
21 767
30 828
23 002

Estimated living cost  is ₴16576 per week

₴11435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27693
₴28641
₴14936
₴14936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
22 703
social contributions
-
-
-
12 403
total
-
-
-
35 106
Employee
33 585
-
74 500
-
income
6 337
-
22 703
-
social contributions
2 790
-
12 403
-
total
9 127
-
35 106
-
Employer
33 585
-
74 500
-
total
-
-
-
-
Corporate
40 915
74 500
-
-
income
5 114
9 312
-
-
total
5 114
9 312
-
-
Dividends
35 801
65 188
-
-
withholding
7 160
13 037
-
-
total
7 160
13 037
-
-
Income
74 500
74 500
74 500
74 500
Total tax
21 401
22 349
35 106
35 106
After tax
53 099
52 151
39 394
39 394
Living cost
24 458
24 458
24 458
24 458
Free-cash
28 641
27 693
14 936
14 936

Estimated living cost  is ₴24458 per week

₴18607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
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.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴30571
₴32072
₴43813
₴37454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
income
-
-
-
12 222
health

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

-
-
-
2 879
total
-
-
-
15 101
Employee
19 696
-
72 525
-
income
2 137
-
17 510
-
social contributions
1 973
-
1 975
-
total
4 110
-
19 485
-
Employer
19 696
-
72 525
-
social contributions
1 973
-
1 975
-
total
1 973
-
1 975
-
Corporate
52 830
74 500
-
-
income
18 491
26 075
-
-
total
18 491
26 075
-
-
Dividends
34 340
48 425
-
-
social contributions
2 268
2 268
-
-
total
2 268
2 268
-
-
Income
74 500
74 500
74 500
74 500
Total tax
26 842
28 343
21 460
15 101
After tax
47 658
46 157
53 040
59 399
Living cost
15 586
15 586
15 586
15 586
Free-cash
32 072
30 571
37 454
43 813

Estimated living cost  is ₴15586 per week

₴10266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32890
₴35448
₴33473
₴26721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
income
-
-
-
21 119
pensions
-
-
-
3 856
total
-
-
-
24 975
Employee
22 034
-
65 095
-
health
287
-
950
-
income
4 013
-
16 618
-
pensions
1 682
-
4 754
-
total
5 982
-
22 322
-
Employer
22 034
-
65 095
-
pensions
2 226
-
8 168
-
health
419
-
1 237
-
total
2 645
-
9 405
-
Corporate
49 821
74 500
-
-
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.

9 466
14 155
-
-
total
9 466
14 155
-
-
Dividends
40 355
60 345
-
-
withholding
4 907
11 403
-
-
total
4 907
11 403
-
-
Income
74 500
74 500
74 500
74 500
Total tax
23 000
25 558
31 727
24 975
After tax
51 500
48 942
42 773
49 525
Living cost
16 052
16 052
16 052
16 052
Free-cash
35 448
32 890
26 721
33 473

Estimated living cost  is ₴16052 per week

₴11012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
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.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4119
₴4477
₴40777
₴30293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
accident
-
-
-
108
income
-
-
-
20 601
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
23 570
Employee
15 971
-
67 042
-
health
1 829
-
7 676
-
income
2 191
-
15 668
-
pensions
1 798
-
3 252
-
total
5 818
-
26 596
-
Employer
15 971
-
67 042
-
accident
267
-
1 120
-
unemployment
391
-
1 642
-
pensions
2 597
-
4 696
-
total
3 255
-
7 458
-
Corporate
55 274
74 500
-
-
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.

49 747
67 050
-
-
total
49 747
67 050
-
-
Dividends
5 527
7 450
-
-
withholding
1 050
1 416
-
-
total
1 050
1 416
-
-
Income
74 500
74 500
74 500
74 500
Total tax
59 870
68 466
34 054
23 570
After tax
14 630
6 034
40 446
50 930
Living cost
10 153
10 153
10 153
10 153
Free-cash
4 477
-4 119
30 293
40 777

Estimated living cost  is ₴10153 per week

₴7451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56905
₴54901
₴37602
₴47024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
74 500
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
12 269
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
31 111
Employee

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

9 259
-
74 500
-
work injury
46
-
171
-
income
926
-
12 269
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
21 689
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
65 241
74 500
-
-
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%.

652
745
-
-
total
652
745
-
-
Dividends
64 589
73 755
-
-
withholding
9 688
11 063
-
-
total
9 688
11 063
-
-
Income
74 500
74 500
74 500
74 500
Total tax
13 812
11 808
21 689
31 111
After tax
60 688
62 692
52 811
43 389
Living cost
5 787
5 787
5 787
5 787
Free-cash
54 901
56 905
47 024
37 602

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22137
₴20185
₴17686
₴14415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
74 500
municipal
-
-
-
498
regional
-
-
-
1 705
national
-
-
-
18 346
social contributions
-
-
-
19 161
total
-
-
-
39 710
Employee
36 180
-
74 500
-
social contributions
12 200
-
25 121
-
regional
546
-
1 513
-
municipal
216
-
444
-
national
6 114
-
15 903
-
total
19 076
-
42 981
-
Employer
36 180
-
74 500
-
total
-
-
-
-
Corporate
38 320
74 500
-
-
nationa
9 196
17 880
-
-
municipal
1 847
3 591
-
-
total
11 043
21 471
-
-
Dividends
27 276
53 029
-
-
withholding
7 092
13 788
-
-
total
7 092
13 788
-
-
Income
74 500
74 500
74 500
74 500
Total tax
37 211
35 259
42 981
39 710
After tax
37 289
39 241
31 519
34 790
Living cost
17 104
17 104
17 104
17 104
Free-cash
20 185
22 137
14 415
17 686

Estimated living cost  is ₴17104 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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