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
₴ 7500
per

Your estimated
City
free-cash

Dresden , Germany
-₴9000
-₴8301
-₴8301
-₴8781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
2 908
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.

-
-
-
-
total
-
-
-
2 908
Employee

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

16 281
-
7 500
-
income

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

455
-
-
-
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.

2 908
-
2 908
-
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
-
-
-
total
3 388
-
2 908
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 500
-
-
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.

-
62
-
-
trade
-
1 181
-
-
chamber of commerce
-
75
-
-
income
-
1 125
-
-
total
-
2 443
-
-
Dividends
-
5 056
-
-
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.

-
61
-
-
withholding
-
1 103
-
-
total
-
1 164
-
-
Income
7 500
7 500
7 500
7 500
Total tax
3 388
3 607
2 908
2 908
After tax
4 112
3 893
4 592
4 592
Living cost
12 893
12 893
12 893
12 893
Free-cash
-8 781
-9 000
-8 301
-8 301

Estimated living cost  is ₴12893 per week

₴8110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16739
-₴15787
-₴15728
-₴28716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
municipal
-
-
-
348
social contributions
-
-
-
81
pensions
-
-
-
900
national
-
-
-
539
total
-
-
-
1 868
Employee
33 204
-
6 484
-
municipal
4 101
-
377
-
pensions
1 328
-
259
-
national
6 355
-
584
-
total
11 784
-
1 220
-
Employer
33 204
-
6 484
-
social contributions
357
-
70
-
pensions
2 656
-
519
-
total
3 013
-
589
-
Corporate
-
7 500
-
-
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%.

-
1 500
-
-
total
-
1 500
-
-
Dividends
-
6 000
-
-
withholding
-
1 320
-
-
total
-
1 320
-
-
Income
7 500
7 500
7 500
7 500
Total tax
14 797
2 820
1 809
1 868
After tax
-7 297
4 680
5 691
5 632
Living cost
21 419
21 419
21 419
21 419
Free-cash
-28 716
-16 739
-15 728
-15 787

Estimated living cost  is ₴21419 per week

₴14558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1991
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2856
-₴3821
-₴4553
-₴7934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income
-
-
-
-
microenterprise
-
-
-
1 125
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.

-
-
-
1 340
surtax
-
-
-
-
total
-
-
-
2 465
Employee
12 438
-
6 044
-
income
2 214
-
1 076
-
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.

1 368
-
665
-
surtax
-
-
-
-
total
3 582
-
1 741
-
Employer
12 438
-
6 044
-
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.

2 996
-
1 456
-
surtax
-
-
-
-
total
2 996
-
1 456
-
Corporate
-
7 500
-
-
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%.

-
1 500
-
-
total
-
1 500
-
-
Dividends

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

-
6 000
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
6 578
1 500
3 197
2 465
After tax
922
6 000
4 303
5 035
Living cost
8 856
8 856
8 856
8 856
Free-cash
-7 934
-2 856
-4 553
-3 821

Estimated living cost  is ₴8856 per week

₴5650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
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.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32381
-₴13508
-₴34770
-₴34770
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
675
health
-
-
-
1 151
pensions
-
-
-
1 350
total
-
-
-
3 176
Employee
36 350
36 350
36 350
-
pensions
6 543
4 987
6 543
-
income

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

5 950
5 950
5 950
-
health
5 579
4 746
5 579
-
total
18 072
15 683
18 072
-
Employer
36 350
36 350
36 350
-
unemployment
1 309
1 309
1 309
-
health
2 527
2 527
2 527
-
pensions
2 530
2 530
2 530
-
total
6 366
6 366
6 366
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
24 438
22 049
24 438
3 176
After tax
-16 938
-14 549
-16 938
4 324
Living cost
17 832
17 832
17 832
17 832
Free-cash
-34 770
-32 381
-34 770
-13 508

Estimated living cost  is ₴17832 per week

₴12637
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1607
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.
₴3304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12471
-₴12827
-₴12561
-₴23522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
unemployment
-
-
-
7
other
-
-
-
871
health
-
-
-
468
municipal
-
-
-
1 589
national
-
-
-
-
pensions
-
-
-
811
accident
-
-
-
15
total
-
-
-
3 761
Employee
23 605
-
5 707
-
municipal
7 039
-
1 702
-
national
-
-
-
-
total
7 039
-
1 702
-
Employer
23 605
-
5 707
-
accident
47
-
11
-
unemployment
623
-
151
-
health
1 452
-
351
-
pensions
2 552
-
617
-
other
2 743
-
663
-
total
7 417
-
1 793
-
Corporate
-
7 500
-
-
income
-
1 650
-
-
total
-
1 650
-
-
Dividends
-
5 850
-
-
withholding
-
1 755
-
-
total
-
1 755
-
-
Income
7 500
7 500
7 500
7 500
Total tax
14 456
3 405
3 495
3 761
After tax
-6 956
4 095
4 005
3 739
Living cost
16 566
16 566
16 566
16 566
Free-cash
-23 522
-12 471
-12 561
-12 827

Estimated living cost  is ₴16566 per week

₴10979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1626
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.
₴3710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12866
-₴12130
-₴12130
-₴14087
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
2 908
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.

-
-
-
-
total
-
-
-
2 908
Employee

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

21 586
-
7 500
-
income

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

1 855
-
-
-
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.

2 908
-
2 908
-
surtax

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

102
-
-
-
total
4 865
-
2 908
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 500
-
-
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.

-
62
-
-
trade
-
1 233
-
-
chamber of commerce
-
75
-
-
income
-
1 125
-
-
total
-
2 495
-
-
Dividends
-
5 004
-
-
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.

-
60
-
-
withholding
-
1 089
-
-
total
-
1 149
-
-
Income
7 500
7 500
7 500
7 500
Total tax
4 865
3 644
2 908
2 908
After tax
2 635
3 856
4 592
4 592
Living cost
16 722
16 722
16 722
16 722
Free-cash
-14 087
-12 866
-12 130
-12 130

Estimated living cost  is ₴16722 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15933
-₴9243
-₴12209
-₴13606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 182
income
-
-
-
-
health
-
-
-
413
social contributions
-
-
-
2 524
total
-
-
-
2 937
Employee
32 731
32 731
32 731
-
income
3 437
3 030
3 680
-
health
326
557
187
-
social contributions
1 591
2 717
916
-
total
5 354
6 304
4 783
-
Employer
32 731
32 731
32 731
-
social contributions
1 591
2 717
916
-
health
355
606
204
-
total
1 946
3 323
1 120
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
7 300
9 627
5 903
2 937
After tax
200
-2 127
1 597
4 563
Living cost
13 806
13 806
13 806
13 806
Free-cash
-13 606
-15 933
-12 209
-9 243

Estimated living cost  is ₴13806 per week

₴9438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1078
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
-₴3383
-₴2543
-₴3390
-₴5849
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
917
unemployment
-
-
-
113
health
-
-
-
525
pensions
-
-
-
750
total
-
-
-
2 305
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.

11 170
4 445
6 276
-
pensions
1 117
445
628
-
unemployment
168
67
94
-
income
1 366
543
767
-
health
782
311
439
-
total
3 433
1 366
1 928
-
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.

11 170
4 445
6 276
-
pensions
2 178
867
1 224
-
total
2 178
867
1 224
-
Corporate
-
2 188
-
-
income
-
197
-
-
total
-
197
-
-
Dividends
-
1 991
-
-
withholding
-
378
-
-
social contributions
-
337
-
-
total
-
715
-
-
Income
7 500
7 500
7 500
7 500
Total tax
5 611
3 145
3 152
2 305
After tax
1 889
4 355
4 348
5 195
Living cost
7 738
7 738
7 738
7 738
Free-cash
-5 849
-3 383
-3 390
-2 543

Estimated living cost  is ₴7738 per week

₴5281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
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.
₴1670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4281
-₴5292
-₴4989
-₴8657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
36
health
-
-
-
975
pensions
-
-
-
1 500
total
-
-
-
2 511
Employee
12 075
-
5 605
-
pensions
242
-
112
-
unemployment
193
-
90
-
income
1 359
-
111
-
total
1 794
-
313
-
Employer
12 075
-
5 605
-
unemployment
97
-
45
-
health
1 570
-
729
-
pensions
2 415
-
1 121
-
total
4 082
-
1 895
-
Corporate
-
7 500
-
-
income
-
1 500
-
-
total
-
1 500
-
-
Dividends
-
6 000
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
5 876
1 500
2 208
2 511
After tax
1 624
6 000
5 292
4 989
Living cost
10 281
10 281
10 281
10 281
Free-cash
-8 657
-4 281
-4 989
-5 292

Estimated living cost  is ₴10281 per week

₴7052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
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.
₴2410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8796
-₴5682
-₴5443
-₴10306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
803
other
-
-
-
158
health
-
-
-
932
pensions
-
-
-
1 778
accident
-
-
-
108
total
-
-
-
3 779
Employee
14 791
-
6 230
-
pensions
1 666
-
702
-
income
2 029
-
855
-
health
1 694
-
713
-
total
5 389
-
2 270
-
Employer
14 791
-
6 230
-
accident
247
-
104
-
unemployment
362
-
153
-
pensions
2 405
-
1 013
-
total
3 014
-
1 270
-
Corporate
-
7 500
-
-
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.

-
6 750
-
-
total
-
6 750
-
-
Dividends
-
750
-
-
withholding
-
143
-
-
total
-
143
-
-
Income
7 500
7 500
7 500
7 500
Total tax
8 403
6 893
3 540
3 779
After tax
-903
607
3 960
3 721
Living cost
9 403
9 403
9 403
9 403
Free-cash
-10 306
-8 796
-5 443
-5 682

Estimated living cost  is ₴9403 per week

₴6891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
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.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3261
₴3561
₴2136
₴2537
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
7 500
microenterprise

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

-
-
-
75
total
-
-
-
75
Employee
4 830
-
7 500
-
income
966
-
1 500
-
total
966
-
1 500
-
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%.

2 670
7 500
-
-
total
-
-
-
-
Dividends
2 670
7 500
-
-
withholding
133
375
-
-
total
133
375
-
-
Income
7 500
7 500
7 500
7 500
Total tax
1 099
375
1 500
75
After tax
6 401
7 125
6 000
7 425
Living cost
3 864
3 864
3 864
3 864
Free-cash
2 537
3 261
2 136
3 561

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5831
-₴7280
-₴6947
-₴11850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
952
other
-
-
-
356
health
-
-
-
330
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.

-
-
-
1 800
total
-
-
-
3 438
Employee
15 455
-
5 990
-
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.

1 082
-
419
-
unemployment
154
-
60
-
income
2 661
-
1 032
-
health
216
-
84
-
total
4 113
-
1 595
-
Employer
15 455
-
5 990
-
accident
124
-
48
-
unemployment
154
-
60
-
health
216
-
84
-
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.

2 628
-
1 018
-
other
773
-
300
-
total
3 895
-
1 510
-
Corporate
-
7 500
-
-
income
-
1 575
-
-
total
-
1 575
-
-
Dividends
-
5 925
-
-
withholding
-
414
-
-
total
-
414
-
-
Income
7 500
7 500
7 500
7 500
Total tax
8 008
1 989
3 105
3 438
After tax
-508
5 511
4 395
4 062
Living cost
11 342
11 342
11 342
11 342
Free-cash
-11 850
-5 831
-6 947
-7 280

Estimated living cost  is ₴11342 per week

₴8014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2380
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23133
-₴22865
-₴23006
-₴38757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 472
pensions
-
-
-
140
total
-
-
-
1 612
Employee
40 681
-
7 183
-
pensions
3 925
-
-
-
income
7 333
-
1 436
-
health
670
-
-
-
total
11 928
-
1 436
-
Employer
40 681
-
7 183
-
health
773
-
136
-
pensions
4 803
-
181
-
total
5 576
-
317
-
Corporate
-
7 500
-
-
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.

-
1 425
-
-
total
-
1 425
-
-
Dividends
-
6 075
-
-
withholding
-
455
-
-
total
-
455
-
-
Income
7 500
7 500
7 500
7 500
Total tax
17 504
1 880
1 753
1 612
After tax
-10 004
5 620
5 747
5 888
Living cost
28 753
28 753
28 753
28 753
Free-cash
-38 757
-23 133
-23 006
-22 865

Estimated living cost  is ₴28753 per week

₴21545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3378
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.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴829
-₴1210
-₴849
-₴1342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 125
unemployment
-
-
-
30
health
-
-
-
862
pensions

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

-
-
-
1 110
total
-
-
-
3 127
Employee
7 392
-
6 270
-
pensions

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

649
-
551
-
income
739
-
627
-
health
340
-
288
-
accident

We are using the highest rate at 1.1%.

81
-
69
-
total
1 809
-
1 535
-
Employer
7 392
-
6 270
-
accident

We are using the highest rate at 1.1%.

81
-
69
-
unemployment
44
-
38
-
health
510
-
433
-
pensions

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

815
-
691
-
total
1 450
-
1 231
-
Corporate
-
7 500
-
-
income
-
750
-
-
total
-
750
-
-
Dividends
-
6 750
-
-
withholding
-
338
-
-
total
-
338
-
-
Income
7 500
7 500
7 500
7 500
Total tax
3 259
1 088
2 766
3 127
After tax
4 241
6 412
4 734
4 373
Living cost
5 583
5 583
5 583
5 583
Free-cash
-1 342
829
-849
-1 210

Estimated living cost  is ₴5583 per week

₴3259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴38153
-₴19280
-₴40542
-₴38873
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
675
health
-
-
-
1 151
pensions
-
-
-
1 350
total
-
-
-
3 176
Employee
39 464
36 350
36 350
-
pensions
4 987
4 987
6 543
-
income

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

5 950
5 950
5 950
-
health
4 923
4 746
5 579
-
total
15 860
15 683
18 072
-
Employer
39 464
36 350
36 350
-
unemployment
1 421
1 309
1 309
-
health
2 742
2 527
2 527
-
pensions
2 746
2 530
2 530
-
total
6 909
6 366
6 366
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
22 769
22 049
24 438
3 176
After tax
-15 269
-14 549
-16 938
4 324
Living cost
23 604
23 604
23 604
23 604
Free-cash
-38 873
-38 153
-40 542
-19 280

Estimated living cost  is ₴23604 per week

₴17412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4994
-₴6505
-₴6353
-₴12517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
645
health
-
-
-
1 012
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 190
total
-
-
-
3 847
Employee
14 938
-
5 597
-
solidarity contribution
-
-
-
-
income
1 793
-
672
-
health
2 017
-
756
-
social contributions
971
-
364
-
total
4 781
-
1 792
-
Employer
14 938
-
5 597
-
social contributions
3 734
-
1 399
-
health
1 344
-
504
-
total
5 078
-
1 903
-
Corporate
-
7 500
-
-
income
-
1 425
-
-
total
-
1 425
-
-
Dividends
-
6 075
-
-
withholding
-
911
-
-
total
-
911
-
-
Income
7 500
7 500
7 500
7 500
Total tax
9 859
2 336
3 695
3 847
After tax
-2 359
5 164
3 805
3 653
Living cost
10 158
10 158
10 158
10 158
Free-cash
-12 517
-4 994
-6 353
-6 505

Estimated living cost  is ₴10158 per week

₴7056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Brno model

Close
Milan , Italy
-₴13959
-₴14812
-₴15580
-₴30329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
municipal
-
-
-
34
regional
-
-
-
52
social contributions
-
-
-
3 299
national
-
-
-
966
total
-
-
-
4 351
Employee
37 830
-
7 500
-
municipal
200
-
25
-
national
6 555
-
730
-
social contributions
12 756
-
4 325
-
regional
357
-
39
-
total
19 868
-
5 119
-
Employer
37 830
-
7 500
-
total
-
-
-
-
Corporate
-
7 500
-
-
municipal
-
292
-
-
nationa
-
1 800
-
-
total
-
2 092
-
-
Dividends
-
5 408
-
-
withholding
-
1 406
-
-
total
-
1 406
-
-
Income
7 500
7 500
7 500
7 500
Total tax
19 868
3 498
5 119
4 351
After tax
-12 368
4 002
2 381
3 149
Living cost
17 961
17 961
17 961
17 961
Free-cash
-30 329
-13 959
-15 580
-14 812

Estimated living cost  is ₴17961 per week

₴12520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4676
-₴5096
-₴5239
-₴9540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 074
unemployment
-
-
-
97
other
-
-
-
-
health
-
-
-
532
pensions
-
-
-
1 500
surtax
-
-
-
-
total
-
-
-
3 203
Employee
14 076
-
6 195
-
pensions
939
-
414
-
unemployment
980
-
431
-
other
-
-
-
-
income
2 360
-
1 039
-
health
359
-
158
-
surtax
46
-
-
-
total
4 684
-
2 042
-
Employer
14 076
-
6 195
-
unemployment
446
-
196
-
health
641
-
282
-
pensions
1 876
-
826
-
other
-
-
-
-
total
2 963
-
1 304
-
Corporate
-
7 500
-
-
income
-
1 950
-
-
total
-
1 950
-
-
Dividends
-
5 550
-
-
withholding
-
833
-
-
total
-
833
-
-
Income
7 500
7 500
7 500
7 500
Total tax
7 647
2 783
3 346
3 203
After tax
-147
4 717
4 154
4 297
Living cost
9 393
9 393
9 393
9 393
Free-cash
-9 540
-4 676
-5 239
-5 096

Estimated living cost  is ₴9393 per week

₴5743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14023
-₴13755
-₴13896
-₴23232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 472
pensions
-
-
-
140
total
-
-
-
1 612
Employee
27 263
-
7 183
-
pensions
2 314
-
-
-
income
4 910
-
1 436
-
health
396
-
-
-
total
7 620
-
1 436
-
Employer
27 263
-
7 183
-
health
518
-
136
-
pensions
2 951
-
181
-
total
3 469
-
317
-
Corporate
-
7 500
-
-
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.

-
1 425
-
-
total
-
1 425
-
-
Dividends
-
6 075
-
-
withholding
-
455
-
-
total
-
455
-
-
Income
7 500
7 500
7 500
7 500
Total tax
11 089
1 880
1 753
1 612
After tax
-3 589
5 620
5 747
5 888
Living cost
19 643
19 643
19 643
19 643
Free-cash
-23 232
-14 023
-13 896
-13 755

Estimated living cost  is ₴19643 per week

₴14717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴28880
-₴25853
-₴27072
-₴33913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
150
health
-
-
-
105
regional
-
-
-
20
city
-
-
-
78
pensions
-
-
-
690
national
-
-
-
-
total
-
-
-
1 043
Employee
37 811
-
6 268
-
city
406
-
61
-
pensions
3 177
-
1 024
-
unemployment
-
-
-
-
national
179
-
-
-
health
85
-
14
-
regional
1 238
-
-
-
total
5 085
-
1 099
-
Employer
37 811
-
6 268
-
unemployment
-
-
-
-
health
85
-
14
-
pensions
3 177
-
1 024
-
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.

756
-
125
-
total
4 018
-
1 163
-
Corporate
-
7 500
-
-
national
-
637
-
-
regional
-
1 587
-
-
total
-
2 224
-
-
Dividends
-
5 276
-
-
withholding
-
1 846
-
-
total
-
1 846
-
-
Income
7 500
7 500
7 500
7 500
Total tax
9 103
4 070
2 262
1 043
After tax
-1 603
3 430
5 238
6 457
Living cost
32 310
32 310
32 310
32 310
Free-cash
-33 913
-28 880
-27 072
-25 853

Estimated living cost  is ₴32310 per week

₴21011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴15683
-₴14908
-₴14908
-₴18082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
2 908
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.

-
-
-
-
total
-
-
-
2 908
Employee

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

25 581
-
7 500
-
income

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

3 008
-
-
-
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.

2 908
-
2 908
-
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.

166
-
-
-
total
6 082
-
2 908
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 500
-
-
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.

-
62
-
-
trade
-
1 286
-
-
chamber of commerce
-
75
-
-
income
-
1 125
-
-
total
-
2 548
-
-
Dividends
-
4 951
-
-
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.

-
59
-
-
withholding
-
1 076
-
-
total
-
1 135
-
-
Income
7 500
7 500
7 500
7 500
Total tax
6 082
3 683
2 908
2 908
After tax
1 418
3 817
4 592
4 592
Living cost
19 500
19 500
19 500
19 500
Free-cash
-18 082
-15 683
-14 908
-14 908

Estimated living cost  is ₴19500 per week

₴14242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10782
-₴10246
-₴9657
-₴16405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
-
other
-
-
-
233
health
-
-
-
114
social contributions
-
-
-
214
pensions
-
-
-
2 622
surtax
-
-
-
-
total
-
-
-
3 183
Employee
18 218
-
5 716
-
pensions
2 060
-
646
-
income
1 075
-
-
-
social contributions
519
-
163
-
surtax
-
-
-
-
total
3 654
-
809
-
Employer
18 218
-
5 716
-
social contributions
55
-
17
-
unemployment
737
-
232
-
health
1 275
-
400
-
pensions
2 993
-
939
-
other
628
-
197
-
total
5 688
-
1 785
-
Corporate
-
7 500
-
-
surtax
-
-
-
-
income
-
2 100
-
-
total
-
2 100
-
-
Dividends
-
5 400
-
-
surtax
-
-
-
-
withholding
-
691
-
-
social contributions
-
928
-
-
total
-
1 619
-
-
Income
7 500
7 500
7 500
7 500
Total tax
9 342
3 719
2 594
3 183
After tax
-1 842
3 781
4 906
4 317
Living cost
14 563
14 563
14 563
14 563
Free-cash
-16 405
-10 782
-9 657
-10 246

Estimated living cost  is ₴14563 per week

₴9183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1184
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9339
-₴8803
-₴8214
-₴13838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
-
other
-
-
-
233
health
-
-
-
114
social contributions
-
-
-
214
pensions
-
-
-
2 622
surtax
-
-
-
-
total
-
-
-
3 183
Employee
16 262
-
5 716
-
pensions
1 839
-
646
-
income
838
-
-
-
social contributions
464
-
163
-
surtax
-
-
-
-
total
3 141
-
809
-
Employer
16 262
-
5 716
-
social contributions
48
-
17
-
unemployment
658
-
232
-
health
1 138
-
400
-
pensions
2 672
-
939
-
other
561
-
197
-
total
5 077
-
1 785
-
Corporate
-
7 500
-
-
surtax
-
-
-
-
income
-
2 100
-
-
total
-
2 100
-
-
Dividends
-
5 400
-
-
surtax
-
-
-
-
withholding
-
691
-
-
social contributions
-
928
-
-
total
-
1 619
-
-
Income
7 500
7 500
7 500
7 500
Total tax
8 218
3 719
2 594
3 183
After tax
-718
3 781
4 906
4 317
Living cost
13 120
13 120
13 120
13 120
Free-cash
-13 838
-9 339
-8 214
-8 803

Estimated living cost  is ₴13120 per week

₴7609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
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.
₴3930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4451
-₴4209
-₴4815
-₴8050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 125
health
-
-
-
523
social contributions
-
-
-
1 035
total
-
-
-
2 683
Employee
14 432
-
7 500
-
income
2 407
-
1 731
-
health
1 007
-
523
-
social contributions
1 992
-
1 035
-
total
5 406
-
3 289
-
Employer
14 432
-
7 500
-
total
-
-
-
-
Corporate
-
7 500
-
-
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%.

-
375
-
-
total
-
375
-
-
Dividends
-
7 125
-
-
withholding
-
1 069
-
-
social contributions
742
983
-
-
health
376
498
-
-
total
1 118
2 550
-
-
Income
7 500
7 500
7 500
7 500
Total tax
6 524
2 925
3 289
2 683
After tax
976
4 575
4 211
4 817
Living cost
9 026
9 026
9 026
9 026
Free-cash
-8 050
-4 451
-4 815
-4 209

Estimated living cost  is ₴9026 per week

₴6041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴17193
-₴12186
-₴13643
-₴20383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
-
unemployment
-
-
-
2 611
chamber of commerce
-
-
-
30
health
-
-
-
574
pensions
-
-
-
1 388
surtax
-
-
-
84
total
-
-
-
4 687
Employee
21 273
16 963
16 963
-
pensions
2 179
1 737
521
-
unemployment
638
509
153
-
other
212
170
51
-
income
2 422
1 251
1 939
-
health
823
657
197
-
total
6 274
4 324
2 861
-
Employer
21 273
16 963
16 963
-
accident
276
221
66
-
surtax
84
84
84
-
unemployment
638
509
153
-
payroll
638
509
509
-
health
804
641
192
-
pensions
2 670
2 129
638
-
chamber of commerce
85
68
68
-
other
1 011
805
705
-
total
6 206
4 966
2 415
-
Corporate
1 616
1 616
3 469
-
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.

404
404
868
-
total
404
404
868
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
12 884
9 694
6 144
4 687
After tax
-5 384
-2 194
1 356
2 813
Living cost
14 999
14 999
14 999
14 999
Free-cash
-20 383
-17 193
-13 643
-12 186

Estimated living cost  is ₴14999 per week

₴10003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3469
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11186
-₴11893
-₴12037
-₴31811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
communal

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

-
-
-
315
social contributions
-
-
-
2 244
national
-
-
-
1 314
total
-
-
-
3 873
Employee

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

30 448
-
5 809
-
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.

2 284
-
435
-
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.

265
-
51
-
national
9 361
-
1 263
-
communal

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

1 588
-
303
-
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.

1 431
-
273
-
total
14 929
-
2 325
-
Employer

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

30 448
-
5 809
-
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.

396
-
76
-
surtax
3 452
-
659
-
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.

444
-
85
-
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.

1 872
-
357
-
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.

2 698
-
515
-
total
8 862
-
1 692
-
Corporate
-
7 500
-
-
surtax
-
30
-
-
income
-
1 500
-
-
total
-
1 530
-
-
Dividends
-
5 970
-
-
withholding

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

-
1 636
-
-
total
-
1 636
-
-
Income
7 500
7 500
7 500
7 500
Total tax
23 791
3 166
4 017
3 873
After tax
-16 291
4 334
3 483
3 627
Living cost
15 520
15 520
15 520
15 520
Free-cash
-31 811
-11 186
-12 037
-11 893

Estimated living cost  is ₴15520 per week

₴9997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
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.
₴3923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10239
-₴11521
-₴13701
-₴20443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
903
unemployment
-
-
-
64
other
-
-
-
9
pensions
-
-
-
2 591
accident
-
-
-
82
total
-
-
-
3 649
Employee
21 188
-
2 968
-
pensions
996
-
668
-
unemployment
329
-
221
-
other
21
-
15
-
income
4 471
-
393
-
total
5 817
-
1 297
-
Employer
21 188
-
2 968
-
accident
419
-
281
-
unemployment
1 166
-
782
-
pensions
5 000
-
3 355
-
other
169
-
114
-
total
6 754
-
4 532
-
Corporate
-
7 500
-
-
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.

-
1 125
-
-
total
-
1 125
-
-
Dividends
-
6 375
-
-
withholding
-
1 242
-
-
total
-
1 242
-
-
Income
7 500
7 500
7 500
7 500
Total tax
12 571
2 367
5 829
3 649
After tax
-5 071
5 133
1 671
3 851
Living cost
15 372
15 372
15 372
15 372
Free-cash
-20 443
-10 239
-13 701
-11 521

Estimated living cost  is ₴15372 per week

₴11320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1090
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18001
-₴20754
-₴20753
-₴28586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
-
communal
-
-
-
-
health
-
-
-
1 519
pensions
-
-
-
3 241
accident
-
-
-
183
surtax
-
-
-
179
total
-
-
-
5 122
Employee
32 235
-
5 079
-
pensions
2 578
-
1 620
-
income
3 114
-
-
-
health
1 435
-
901
-
surtax
1 976
-
179
-
total
9 103
-
2 700
-
Employer
32 235
-
5 079
-
accident
290
-
183
-
health
983
-
618
-
pensions
2 578
-
1 620
-
total
3 851
-
2 421
-
Corporate
-
7 500
-
-
surtax
-
79
-
-
communal
-
-
-
-
income
-
1 125
-
-
total
-
1 204
-
-
Dividends
-
6 296
-
-
income
-
221
-
-
withholding
-
944
-
-
total
-
1 165
-
-
Income
7 500
7 500
7 500
7 500
Total tax
12 954
2 369
5 121
5 122
After tax
-5 454
5 131
2 379
2 378
Living cost
23 132
23 132
23 132
23 132
Free-cash
-28 586
-18 001
-20 753
-20 754

Estimated living cost  is ₴23132 per week

₴17353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
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.
₴4133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4844
-₴5264
-₴5407
-₴9853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 074
unemployment
-
-
-
97
other
-
-
-
-
health
-
-
-
532
pensions
-
-
-
1 500
surtax
-
-
-
-
total
-
-
-
3 203
Employee
14 335
-
6 195
-
pensions
956
-
414
-
unemployment
998
-
431
-
other
-
-
-
-
income
2 403
-
1 039
-
health
366
-
158
-
surtax
51
-
-
-
total
4 774
-
2 042
-
Employer
14 335
-
6 195
-
unemployment
455
-
196
-
health
652
-
282
-
pensions
1 911
-
826
-
other
-
-
-
-
total
3 018
-
1 304
-
Corporate
-
7 500
-
-
income
-
1 950
-
-
total
-
1 950
-
-
Dividends
-
5 550
-
-
withholding
-
833
-
-
total
-
833
-
-
Income
7 500
7 500
7 500
7 500
Total tax
7 792
2 783
3 346
3 203
After tax
-292
4 717
4 154
4 297
Living cost
9 561
9 561
9 561
9 561
Free-cash
-9 853
-4 844
-5 407
-5 264

Estimated living cost  is ₴9561 per week

₴5772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7523
-₴8351
-₴9111
-₴16112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
municipal
-
-
-
34
regional
-
-
-
86
social contributions
-
-
-
3 299
national
-
-
-
966
total
-
-
-
4 385
Employee
23 612
-
7 500
-
municipal
125
-
25
-
national
3 741
-
730
-
social contributions
7 962
-
4 325
-
regional
318
-
65
-
total
12 146
-
5 145
-
Employer
23 612
-
7 500
-
total
-
-
-
-
Corporate
-
7 500
-
-
municipal
-
372
-
-
nationa
-
1 800
-
-
total
-
2 172
-
-
Dividends
-
5 328
-
-
withholding
-
1 385
-
-
total
-
1 385
-
-
Income
7 500
7 500
7 500
7 500
Total tax
12 146
3 557
5 145
4 385
After tax
-4 646
3 943
2 355
3 115
Living cost
11 466
11 466
11 466
11 466
Free-cash
-16 112
-7 523
-9 111
-8 351

Estimated living cost  is ₴11466 per week

₴7131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
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.
₴2977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7353
-₴8864
-₴8712
-₴17166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
645
health
-
-
-
1 012
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 190
total
-
-
-
3 847
Employee
18 407
-
5 597
-
solidarity contribution
-
-
-
-
income
2 209
-
672
-
health
2 485
-
756
-
social contributions
1 196
-
364
-
total
5 890
-
1 792
-
Employer
18 407
-
5 597
-
social contributions
4 602
-
1 399
-
health
1 657
-
504
-
total
6 259
-
1 903
-
Corporate
-
7 500
-
-
income
-
1 425
-
-
total
-
1 425
-
-
Dividends
-
6 075
-
-
withholding
-
911
-
-
total
-
911
-
-
Income
7 500
7 500
7 500
7 500
Total tax
12 149
2 336
3 695
3 847
After tax
-4 649
5 164
3 805
3 653
Living cost
12 517
12 517
12 517
12 517
Free-cash
-17 166
-7 353
-8 712
-8 864

Estimated living cost  is ₴12517 per week

₴9308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴693
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2299
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15690
-₴10683
-₴12178
-₴16867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
-
unemployment
-
-
-
2 611
chamber of commerce
-
-
-
30
health
-
-
-
574
pensions
-
-
-
1 388
surtax
-
-
-
-
total
-
-
-
4 603
Employee
18 607
16 963
16 963
-
pensions
1 906
1 737
527
-
unemployment
558
509
154
-
other
186
170
52
-
income
1 658
1 251
1 935
-
health
720
657
200
-
total
5 028
4 324
2 868
-
Employer
18 607
16 963
16 963
-
accident
242
221
67
-
surtax
-
-
-
-
unemployment
558
509
154
-
payroll
558
509
509
-
health
704
641
195
-
pensions
2 335
2 129
647
-
chamber of commerce
74
68
68
-
other
884
805
705
-
total
5 355
4 882
2 345
-
Corporate
1 616
1 616
3 539
-
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.

404
404
885
-
total
404
404
885
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
10 787
9 610
6 098
4 603
After tax
-3 287
-2 110
1 402
2 897
Living cost
13 580
13 580
13 580
13 580
Free-cash
-16 867
-15 690
-12 178
-10 683

Estimated living cost  is ₴13580 per week

₴8146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1103
₴1403
-₴22
-₴28
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
7 500
microenterprise

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

-
-
-
75
total
-
-
-
75
Employee
7 527
-
7 500
-
income
1 506
-
1 500
-
total
1 506
-
1 500
-
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%.

-
7 500
-
-
total
-
-
-
-
Dividends
-
7 500
-
-
withholding
-
375
-
-
total
-
375
-
-
Income
7 500
7 500
7 500
7 500
Total tax
1 506
375
1 500
75
After tax
5 994
7 125
6 000
7 425
Living cost
6 022
6 022
6 022
6 022
Free-cash
-28
1 103
-22
1 403

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
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.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6253
-₴6897
-₴7170
-₴14255
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income
-
-
-
861
unemployment
-
-
-
11
health
-
-
-
738
pensions
-
-
-
1 370
total
-
-
-
2 980
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.

18 823
-
6 489
-
pensions
2 918
-
1 006
-
unemployment
27
-
9
-
income
3 246
-
809
-
health
1 216
-
419
-
total
7 407
-
2 243
-
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.

18 823
-
6 489
-
unemployment
11
-
4
-
health
1 254
-
432
-
pensions
1 666
-
574
-
total
2 931
-
1 010
-
Corporate
-
7 500
-
-
income
-
1 425
-
-
total
-
1 425
-
-
Dividends
-
6 075
-
-
withholding
-
911
-
-
total
-
911
-
-
Income
7 500
7 500
7 500
7 500
Total tax
10 338
2 336
3 253
2 980
After tax
-2 838
5 164
4 247
4 520
Living cost
11 417
11 417
11 417
11 417
Free-cash
-14 255
-6 253
-7 170
-6 897

Estimated living cost  is ₴11417 per week

₴7835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14015
-₴13395
-₴17146
-₴56698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 462
social contributions
-
-
-
855
total
-
-
-
2 317
Employee
26 638
-
2 147
-
income
5 876
-
404
-
social contributions
2 184
-
311
-
total
8 060
-
715
-
Employer
26 638
-
2 147
-
social contributions
37 560
-
5 353
-
total
37 560
-
5 353
-
Corporate
-
7 500
-
-
income
-
1 650
-
-
total
-
1 650
-
-
Dividends
-
5 850
-
-
income
-
1 287
-
-
total
-
1 287
-
-
Income
7 500
7 500
7 500
7 500
Total tax
45 620
2 937
6 068
2 317
After tax
-38 120
4 563
1 432
5 183
Living cost
18 578
18 578
18 578
18 578
Free-cash
-56 698
-14 015
-17 146
-13 395

Estimated living cost  is ₴18578 per week

₴12054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4540
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9086
-₴8896
-₴8739
-₴16728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income
-
-
-
438
social contributions

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

-
-
-
2 606
surtax
-
-
-
-
total
-
-
-
3 044
Employee
19 577
-
6 061
-
income
4 072
-
782
-
social contributions
2 154
-
666
-
surtax
-
-
-
-
total
6 226
-
1 448
-
Employer
19 577
-
6 061
-
social contributions
4 650
-
1 439
-
total
4 650
-
1 439
-
Corporate
-
7 500
-
-
surtax
-
-
-
-
income
-
1 575
-
-
total
-
1 575
-
-
Dividends
-
5 925
-
-
withholding
-
1 659
-
-
total
-
1 659
-
-
Income
7 500
7 500
7 500
7 500
Total tax
10 876
3 234
2 887
3 044
After tax
-3 376
4 266
4 613
4 456
Living cost
13 352
13 352
13 352
13 352
Free-cash
-16 728
-9 086
-8 739
-8 896

Estimated living cost  is ₴13352 per week

₴9990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
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.
₴2351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16778
-₴16242
-₴15653
-₴27486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
-
other
-
-
-
233
health
-
-
-
114
social contributions
-
-
-
214
pensions
-
-
-
2 622
surtax
-
-
-
-
total
-
-
-
3 183
Employee
26 660
-
5 716
-
pensions
3 015
-
646
-
income
2 326
-
-
-
social contributions
759
-
163
-
surtax
-
-
-
-
total
6 100
-
809
-
Employer
26 660
-
5 716
-
social contributions
80
-
17
-
unemployment
1 080
-
232
-
health
1 866
-
400
-
pensions
4 381
-
939
-
other
920
-
197
-
total
8 327
-
1 785
-
Corporate
-
7 500
-
-
surtax
-
-
-
-
income
-
2 100
-
-
total
-
2 100
-
-
Dividends
-
5 400
-
-
surtax
-
-
-
-
withholding
-
691
-
-
social contributions
-
928
-
-
total
-
1 619
-
-
Income
7 500
7 500
7 500
7 500
Total tax
14 427
3 719
2 594
3 183
After tax
-6 927
3 781
4 906
4 317
Living cost
20 559
20 559
20 559
20 559
Free-cash
-27 486
-16 778
-15 653
-16 242

Estimated living cost  is ₴20559 per week

₴13914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4681
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6045
-₴6944
-₴6723
-₴8305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
-
social contributions
-
-
-
1 649
total
-
-
-
1 649
Employee
13 685
-
6 494
-
income
-
-
-
-
social contributions
889
-
422
-
total
889
-
422
-
Employer
13 685
-
6 494
-
social contributions
2 121
-
1 006
-
total
2 121
-
1 006
-
Corporate
-
7 500
-
-
income
-
750
-
-
total
-
750
-
-
Dividends
-
6 750
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
3 010
750
1 428
1 649
After tax
4 490
6 750
6 072
5 851
Living cost
12 795
12 795
12 795
12 795
Free-cash
-8 305
-6 045
-6 723
-6 944

Estimated living cost  is ₴12795 per week

₴8273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴85243
-₴14541
-₴85243
-₴85243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
municipal
-
-
-
341
labour market
-
-
-
570
pensions
-
-
-
369
national
-
-
-
261
total
-
-
-
1 541
Employee
86 527
86 527
86 527
-
municipal
18 425
18 425
18 425
-
pensions
123
123
123
-
labour market
6 912
6 912
6 912
-
national
10 571
10 571
10 571
-
total
36 031
36 031
36 031
-
Employer
86 527
86 527
86 527
-
labour market
6 922
6 922
6 922
-
national
10 589
10 589
10 589
-
pensions
246
246
246
-
municipal
18 455
18 455
18 455
-
total
36 212
36 212
36 212
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
72 243
72 243
72 243
1 541
After tax
-64 743
-64 743
-64 743
5 959
Living cost
20 500
20 500
20 500
20 500
Free-cash
-85 243
-85 243
-85 243
-14 541

Estimated living cost  is ₴20500 per week

₴14031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8657
-₴5543
-₴5304
-₴10043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
803
other
-
-
-
158
health
-
-
-
932
pensions
-
-
-
1 778
accident
-
-
-
108
total
-
-
-
3 779
Employee
14 573
-
6 230
-
pensions
1 641
-
702
-
income
1 999
-
855
-
health
1 669
-
713
-
total
5 309
-
2 270
-
Employer
14 573
-
6 230
-
accident
243
-
104
-
unemployment
357
-
153
-
pensions
2 370
-
1 013
-
total
2 970
-
1 270
-
Corporate
-
7 500
-
-
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.

-
6 750
-
-
total
-
6 750
-
-
Dividends
-
750
-
-
withholding
-
143
-
-
total
-
143
-
-
Income
7 500
7 500
7 500
7 500
Total tax
8 279
6 893
3 540
3 779
After tax
-779
607
3 960
3 721
Living cost
9 264
9 264
9 264
9 264
Free-cash
-10 043
-8 657
-5 304
-5 543

Estimated living cost  is ₴9264 per week

₴6743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11152
-₴10192
-₴11595
-₴19119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
7 500
health
-
-
-
-
municipal
-
-
-
1 350
national
-
-
-
-
total
-
-
-
1 350
Employee
22 395
-
6 309
-
municipal
3 668
-
1 042
-
pensions
1 511
-
426
-
unemployment
336
-
95
-
national
370
-
-
-
health
167
-
-
-
total
6 052
-
1 563
-
Employer
22 395
-
6 309
-
accident
23
-
6
-
unemployment
145
-
41
-
health
172
-
48
-
pensions
3 885
-
1 095
-
total
4 225
-
1 190
-
Corporate
-
7 500
-
-
income
-
1 500
-
-
total
-
1 500
-
-
Dividends

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

-
4 500
-
-
municipal
-
810
-
-
national
-
-
-
-
total
-
810
-
-
Income
7 500
7 500
7 500
7 500
Total tax
10 277
2 310
2 753
1 350
After tax
-2 777
5 190
4 747
6 150
Living cost
16 342
16 342
16 342
16 342
Free-cash
-19 119
-11 152
-11 595
-10 192

Estimated living cost  is ₴16342 per week

₴10675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11982
-₴5292
-₴8258
-₴8924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 182
income
-
-
-
-
health
-
-
-
413
social contributions
-
-
-
2 524
total
-
-
-
2 937
Employee
32 731
32 731
32 731
-
income
3 564
3 030
3 680
-
health
254
557
187
-
social contributions
1 238
2 717
916
-
total
5 056
6 304
4 783
-
Employer
32 731
32 731
32 731
-
social contributions
1 238
2 717
916
-
health
275
606
204
-
total
1 513
3 323
1 120
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
7 500
7 500
7 500
7 500
Total tax
6 569
9 627
5 903
2 937
After tax
931
-2 127
1 597
4 563
Living cost
9 855
9 855
9 855
9 855
Free-cash
-8 924
-11 982
-8 258
-5 292

Estimated living cost  is ₴9855 per week

₴5906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴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 Larnaca model

Close
Podgorica , Montenegro
-₴547
-₴3810
-₴2247
-₴3274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 500
income
-
-
-
292
unemployment
-
-
-
12
health
-
-
-
1 540
pensions
-
-
-
2 708
total
-
-
-
4 552
Employee

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

9 770
-
6 736
-
pensions
1 465
-
1 112
-
unemployment
48
-
37
-
income
668
-
446
-
health
830
-
630
-
total
3 011
-
2 225
-
Employer

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

9 770
-
6 736
-
unemployment
48
-
37
-
health
420
-
319
-
pensions
537
-
408
-
total
1 005
-
764
-
Corporate
-
7 500
-
-
income
-
675
-
-
total
-
675
-
-
Dividends
-
6 825
-
-
withholding
-
614
-
-
total
-
614
-
-
Income
7 500
7 500
7 500
7 500
Total tax
4 016
1 289
2 989
4 552
After tax
3 484
6 211
4 511
2 948
Living cost
6 758
6 758
6 758
6 758
Free-cash
-3 274
-547
-2 247
-3 810

Estimated living cost  is ₴6758 per week

₴4312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6572
-₴7854
-₴10034
-₴13256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
903
unemployment
-
-
-
64
other
-
-
-
9
pensions
-
-
-
2 591
accident
-
-
-
82
total
-
-
-
3 649
Employee
15 739
-
2 968
-
pensions
740
-
668
-
unemployment
244
-
221
-
other
15
-
15
-
income
3 034
-
393
-
total
4 033
-
1 297
-
Employer
15 739
-
2 968
-
accident
312
-
281
-
unemployment
866
-
782
-
pensions
3 714
-
3 355
-
other
126
-
114
-
total
5 018
-
4 532
-
Corporate
-
7 500
-
-
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.

-
1 125
-
-
total
-
1 125
-
-
Dividends
-
6 375
-
-
withholding
-
1 242
-
-
total
-
1 242
-
-
Income
7 500
7 500
7 500
7 500
Total tax
9 051
2 367
5 829
3 649
After tax
-1 551
5 133
1 671
3 851
Living cost
11 705
11 705
11 705
11 705
Free-cash
-13 256
-6 572
-10 034
-7 854

Estimated living cost  is ₴11705 per week

₴7901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
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.
₴2474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3508
₴3014
₴2931
₴3315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 839
health
-
-
-
620
pensions
-
-
-
855
total
-
-
-
3 314
Employee
1 785
-
6 538
-
pensions
161
-
385
-
unemployment
18
-
43
-
income
345
-
1 794
-
health
89
-
214
-
total
613
-
2 436
-
Employer
1 785
-
6 538
-
unemployment
36
-
85
-
health
170
-
406
-
pensions
196
-
470
-
total
402
-
961
-
Corporate
5 313
7 500
-
-
income
1 169
1 650
-
-
total
1 169
1 650
-
-
Dividends
4 144
5 850
-
-
withholding
829
1 170
-
-
total
829
1 170
-
-
Income
7 500
7 500
7 500
7 500
Total tax
3 013
2 820
3 397
3 314
After tax
4 487
4 680
4 103
4 186
Living cost
1 172
1 172
1 172
1 172
Free-cash
3 315
3 508
2 931
3 014

Estimated living cost  is ₴1172 per week

₴697
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.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1947
-₴3175
-₴2853
-₴5595
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income
-
-
-
473
unemployment
-
-
-
113
health
-
-
-
773
pensions
-
-
-
1 950
total
-
-
-
3 309
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.

11 107
-
6 361
-
pensions
1 555
-
891
-
unemployment
83
-
48
-
income
1 531
-
581
-
health
572
-
328
-
total
3 741
-
1 848
-
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.

11 107
-
6 361
-
unemployment
83
-
48
-
health
572
-
328
-
pensions
1 333
-
763
-
total
1 988
-
1 139
-
Corporate
-
7 500
-
-
income
-
1 125
-
-
total
-
1 125
-
-
Dividends
-
6 375
-
-
withholding
-
956
-
-
total
-
956
-
-
Income
7 500
7 500
7 500
7 500
Total tax
5 729
2 081
2 987
3 309
After tax
1 771
5 419
4 513
4 191
Living cost
7 366
7 366
7 366
7 366
Free-cash
-5 595
-1 947
-2 853
-3 175

Estimated living cost  is ₴7366 per week

₴4959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
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.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7210
-₴7020
-₴6863
-₴12944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income
-
-
-
438
social contributions

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

-
-
-
2 606
surtax
-
-
-
-
total
-
-
-
3 044
Employee
16 521
-
6 061
-
income
3 228
-
782
-
social contributions
1 817
-
666
-
surtax
-
-
-
-
total
5 045
-
1 448
-
Employer
16 521
-
6 061
-
social contributions
3 923
-
1 439
-
total
3 923
-
1 439
-
Corporate
-
7 500
-
-
surtax
-
-
-
-
income
-
1 575
-
-
total
-
1 575
-
-
Dividends
-
5 925
-
-
withholding
-
1 659
-
-
total
-
1 659
-
-
Income
7 500
7 500
7 500
7 500
Total tax
8 968
3 234
2 887
3 044
After tax
-1 468
4 266
4 613
4 456
Living cost
11 476
11 476
11 476
11 476
Free-cash
-12 944
-7 210
-6 863
-7 020

Estimated living cost  is ₴11476 per week

₴8128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴797
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9827
-₴11109
-₴13289
-₴19612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
903
unemployment
-
-
-
64
other
-
-
-
9
pensions
-
-
-
2 591
accident
-
-
-
82
total
-
-
-
3 649
Employee
20 557
-
2 968
-
pensions
966
-
668
-
unemployment
318
-
221
-
other
20
-
15
-
income
4 294
-
393
-
total
5 598
-
1 297
-
Employer
20 557
-
2 968
-
accident
407
-
281
-
unemployment
1 131
-
782
-
pensions
4 851
-
3 355
-
other
165
-
114
-
total
6 554
-
4 532
-
Corporate
-
7 500
-
-
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.

-
1 125
-
-
total
-
1 125
-
-
Dividends
-
6 375
-
-
withholding
-
1 242
-
-
total
-
1 242
-
-
Income
7 500
7 500
7 500
7 500
Total tax
12 152
2 367
5 829
3 649
After tax
-4 652
5 133
1 671
3 851
Living cost
14 960
14 960
14 960
14 960
Free-cash
-19 612
-9 827
-13 289
-11 109

Estimated living cost  is ₴14960 per week

₴10743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴913
-₴2952
-₴2591
-₴4102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 125
unemployment
-
-
-
30
health
-
-
-
862
pensions

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

-
-
-
1 110
total
-
-
-
3 127
Employee
9 699
-
6 270
-
pensions

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

851
-
551
-
income
970
-
627
-
health
446
-
288
-
accident

We are using the highest rate at 1.1%.

107
-
69
-
total
2 374
-
1 535
-
Employer
9 699
-
6 270
-
accident

We are using the highest rate at 1.1%.

107
-
69
-
unemployment
58
-
38
-
health
669
-
433
-
pensions

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

1 069
-
691
-
total
1 903
-
1 231
-
Corporate
-
7 500
-
-
income
-
750
-
-
total
-
750
-
-
Dividends
-
6 750
-
-
withholding
-
338
-
-
total
-
338
-
-
Income
7 500
7 500
7 500
7 500
Total tax
4 277
1 088
2 766
3 127
After tax
3 223
6 412
4 734
4 373
Living cost
7 325
7 325
7 325
7 325
Free-cash
-4 102
-913
-2 591
-2 952

Estimated living cost  is ₴7325 per week

₴4844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12463
-₴11842
-₴11842
-₴13680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income

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

-
-
-
-
trade
-
-
-
-
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.

-
-
-
2 908
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.

-
-
-
-
total
-
-
-
2 908
Employee

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

21 179
-
7 500
-
income

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

1 742
-
-
-
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.

2 908
-
2 908
-
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.

96
-
-
-
total
4 746
-
2 908
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 500
-
-
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.

-
62
-
-
trade
-
1 076
-
-
chamber of commerce
-
76
-
-
income
-
1 125
-
-
total
-
2 339
-
-
Dividends
-
5 161
-
-
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.

-
62
-
-
withholding
-
1 128
-
-
total
-
1 190
-
-
Income
7 500
7 500
7 500
7 500
Total tax
4 746
3 529
2 908
2 908
After tax
2 754
3 971
4 592
4 592
Living cost
16 434
16 434
16 434
16 434
Free-cash
-13 680
-12 463
-11 842
-11 842

Estimated living cost  is ₴16434 per week

₴11336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18999
-₴17053
-₴17053
-₴25797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
167
social contributions
-
-
-
138
total
-
-
-
305
Employee
33 296
-
7 500
-
income
6 283
-
167
-
social contributions
2 766
-
138
-
total
9 049
-
305
-
Employer
33 296
-
7 500
-
total
-
-
-
-
Corporate
-
7 500
-
-
income
-
938
-
-
total
-
938
-
-
Dividends
-
6 562
-
-
withholding
-
1 313
-
-
total
-
1 313
-
-
Income
7 500
7 500
7 500
7 500
Total tax
9 049
2 251
305
305
After tax
-1 549
5 249
7 195
7 195
Living cost
24 248
24 248
24 248
24 248
Free-cash
-25 797
-18 999
-17 053
-17 053

Estimated living cost  is ₴24248 per week

₴18447
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11848
-₴22921
-₴9432
-₴15254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income
-
-
-
12 117
health

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

-
-
-
2 852
total
-
-
-
14 969
Employee
19 527
-
6 760
-
income
2 119
-
-
-
social contributions
1 956
-
740
-
total
4 075
-
740
-
Employer
19 527
-
6 760
-
social contributions
1 956
-
740
-
total
1 956
-
740
-
Corporate
-
7 500
-
-
income
-
2 625
-
-
total
-
2 625
-
-
Dividends
-
4 875
-
-
social contributions
1 271
1 271
-
-
total
1 271
1 271
-
-
Income
7 500
7 500
7 500
7 500
Total tax
7 302
3 896
1 480
14 969
After tax
198
3 604
6 020
-7 469
Living cost
15 452
15 452
15 452
15 452
Free-cash
-15 254
-11 848
-9 432
-22 921

Estimated living cost  is ₴15452 per week

₴10178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1218
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
-₴10349
-₴10081
-₴10222
-₴17052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
1 472
pensions
-
-
-
140
total
-
-
-
1 612
Employee
21 920
-
7 183
-
pensions
1 673
-
-
-
income
3 992
-
1 436
-
health
286
-
-
-
total
5 951
-
1 436
-
Employer
21 920
-
7 183
-
health
417
-
136
-
pensions
2 215
-
181
-
total
2 632
-
317
-
Corporate
-
7 500
-
-
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.

-
1 425
-
-
total
-
1 425
-
-
Dividends
-
6 075
-
-
withholding
-
455
-
-
total
-
455
-
-
Income
7 500
7 500
7 500
7 500
Total tax
8 583
1 880
1 753
1 612
After tax
-1 083
5 620
5 747
5 888
Living cost
15 969
15 969
15 969
15 969
Free-cash
-17 052
-10 349
-10 222
-10 081

Estimated living cost  is ₴15969 per week

₴10955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
-₴9574
-₴6460
-₴6221
-₴11778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
income
-
-
-
803
other
-
-
-
158
health
-
-
-
932
pensions
-
-
-
1 778
accident
-
-
-
108
total
-
-
-
3 779
Employee
16 016
-
6 230
-
pensions
1 803
-
702
-
income
2 197
-
855
-
health
1 834
-
713
-
total
5 834
-
2 270
-
Employer
16 016
-
6 230
-
accident
267
-
104
-
unemployment
392
-
153
-
pensions
2 604
-
1 013
-
total
3 263
-
1 270
-
Corporate
-
7 500
-
-
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.

-
6 750
-
-
total
-
6 750
-
-
Dividends
-
750
-
-
withholding
-
143
-
-
total
-
143
-
-
Income
7 500
7 500
7 500
7 500
Total tax
9 097
6 893
3 540
3 779
After tax
-1 597
607
3 960
3 721
Living cost
10 181
10 181
10 181
10 181
Free-cash
-11 778
-9 574
-6 221
-6 460

Estimated living cost  is ₴10181 per week

₴7472
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
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.
₴1911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴630
-₴1058
-₴1058
-₴1691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
7 500
income
-
-
-
750
unemployment
-
-
-
90
work injury
-
-
-
38
health insurance
-
-
-
555
pensions
-
-
-
1 380
total
-
-
-
2 813
Employee

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

9 191
-
7 500
-
pensions
1 691
-
1 380
-
unemployment
110
-
90
-
work injury
46
-
38
-
health insurance
680
-
555
-
income
919
-
750
-
total
3 446
-
2 813
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
7 500
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
-
7 500
-
-
withholding
-
1 125
-
-
total
-
1 125
-
-
Income
7 500
7 500
7 500
7 500
Total tax
3 446
1 125
2 813
2 813
After tax
4 054
6 375
4 687
4 687
Living cost
5 745
5 745
5 745
5 745
Free-cash
-1 691
630
-1 058
-1 058

Estimated living cost  is ₴5745 per week

₴3559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13007
-₴13833
-₴14595
-₴28370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
7 500
municipal
-
-
-
38
regional
-
-
-
73
social contributions
-
-
-
3 299
national
-
-
-
966
total
-
-
-
4 376
Employee
35 869
-
7 500
-
municipal
214
-
28
-
national
6 062
-
730
-
social contributions
12 095
-
4 325
-
regional
542
-
55
-
total
18 913
-
5 138
-
Employer
35 869
-
7 500
-
total
-
-
-
-
Corporate
-
7 500
-
-
municipal
-
362
-
-
nationa
-
1 800
-
-
total
-
2 162
-
-
Dividends
-
5 338
-
-
withholding
-
1 388
-
-
total
-
1 388
-
-
Income
7 500
7 500
7 500
7 500
Total tax
18 913
3 550
5 138
4 376
After tax
-11 413
3 950
2 362
3 124
Living cost
16 957
16 957
16 957
16 957
Free-cash
-28 370
-13 007
-14 595
-13 833

Estimated living cost  is ₴16957 per week

₴11911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
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.
₴3623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
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