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
₴ 76500
per

Your estimated
City
free-cash

Dresden , Germany
₴25578
₴30328
₴26608
₴35513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
trade
-
-
-
8 905
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.

-
-
-
23 743
health

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

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

-
-
-
2 933
surtax

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

-
-
-
1 306
total
-
-
-
36 887
Employee

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

16 422
-
76 500
-
health

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

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

2 933
-
2 933
-
surtax

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

25
-
1 306
-
income

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

459
-
23 743
-
total
3 417
-
27 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 078
76 500
-
-
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.

495
631
-
-
income
9 011
11 475
-
-
trade
9 462
12 049
-
-
chamber of commerce
152
175
-
-
total
19 120
24 330
-
-
Dividends
40 958
52 169
-
-
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.

554
708
-
-
withholding
10 076
12 879
-
-
total
10 630
13 587
-
-
Income
76 500
76 500
76 500
76 500
Total tax
33 167
37 917
27 982
36 887
After tax
43 333
38 583
48 518
39 613
Living cost
13 005
13 005
13 005
13 005
Free-cash
30 328
25 578
35 513
26 608

Estimated living cost  is ₴13005 per week

₴8180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴26072
₴25711
₴23339
₴23749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
municipal
-
-
-
8 389
pensions
-
-
-
9 180
national
-
-
-
13 106
social contributions
-
-
-
822
total
-
-
-
31 497
Employee
33 583
-
66 134
-
municipal
4 148
-
8 685
-
pensions
1 343
-
2 645
-
national
6 428
-
13 755
-
total
11 919
-
25 085
-
Employer
33 583
-
66 134
-
social contributions
361
-
711
-
pensions
2 687
-
5 291
-
total
3 048
-
6 002
-
Corporate
37 653
76 500
-
-
income

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

7 531
15 300
-
-
total
7 531
15 300
-
-
Dividends
30 122
61 200
-
-
withholding
6 627
13 464
-
-
total
6 627
13 464
-
-
Income
76 500
76 500
76 500
76 500
Total tax
29 125
28 764
31 087
31 497
After tax
47 375
47 736
45 413
45 003
Living cost
21 664
21 664
21 664
21 664
Free-cash
25 711
26 072
23 749
23 339

Estimated living cost  is ₴21664 per week

₴14725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴52268
₴48746
₴17542
₴23272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
microenterprise
-
-
-
-
income
-
-
-
14 069
surtax
-
-
-
19 507
social contributions

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

-
-
-
16 450
total
-
-
-
50 026
Employee
12 546
-
57 814
-
social contributions

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

1 380
-
5 628
-
surtax
-
-
8 383
-
income
2 233
-
11 599
-
total
3 613
-
25 610
-
Employer
12 546
-
57 814
-
social contributions

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

3 022
-
12 327
-
surtax
-
-
6 359
-
total
3 022
-
18 686
-
Corporate
60 932
76 500
-
-
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%.

12 187
15 300
-
-
total
12 187
15 300
-
-
Dividends

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

48 745
61 200
-
-
total
-
-
-
-
Income
76 500
76 500
76 500
76 500
Total tax
18 822
15 300
44 296
50 026
After tax
57 678
61 200
32 204
26 474
Living cost
8 932
8 932
8 932
8 932
Free-cash
48 746
52 268
23 272
17 542

Estimated living cost  is ₴8932 per week

₴5699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴19901
₴17271
₴24189
₴29905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
24 001
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
34 325
Employee
36 665
36 665
68 521
-
health
5 628
4 787
5 294
-
income

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

6 001
6 001
10 306
-
pensions
6 600
5 030
5 030
-
total
18 229
15 818
20 630
-
Employer
36 665
36 665
68 521
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 172
-
health
2 549
2 549
3 167
-
total
6 421
6 421
7 979
-
Corporate
33 864
33 414
-
-
income
6 772
6 683
-
-
total
6 772
6 683
-
-
Dividends
27 092
26 732
-
-
income
5 757
5 681
-
-
withholding
4 064
4 010
-
-
total
9 821
9 691
-
-
Income
76 500
76 500
76 500
76 500
Total tax
41 243
38 613
28 609
34 325
After tax
35 257
37 887
47 891
42 175
Living cost
17 986
17 986
17 986
17 986
Free-cash
17 271
19 901
29 905
24 189

Estimated living cost  is ₴17986 per week

₴12746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴25229
₴24858
₴22528
₴22127
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
municipal
-
-
-
19 681
accident
-
-
-
72
pensions
-
-
-
3 919
other
-
-
-
4 212
unemployment
-
-
-
36
health
-
-
-
2 262
national
-
-
-
7 250
total
-
-
-
37 432
Employee
23 568
-
65 110
-
municipal
7 028
-
19 416
-
national
-
-
7 028
-
total
7 028
-
26 444
-
Employer
23 568
-
65 110
-
accident
47
-
72
-
other
2 739
-
4 212
-
unemployment
622
-
957
-
pensions
2 548
-
3 919
-
health
1 449
-
2 229
-
total
7 405
-
11 389
-
Corporate
45 527
76 500
-
-
income
10 016
16 830
-
-
total
10 016
16 830
-
-
Dividends
35 511
59 670
-
-
withholding
10 653
17 901
-
-
total
10 653
17 901
-
-
Income
76 500
76 500
76 500
76 500
Total tax
35 102
34 731
37 833
37 432
After tax
41 398
41 769
38 667
39 068
Living cost
16 540
16 540
16 540
16 540
Free-cash
24 858
25 229
22 127
22 528

Estimated living cost  is ₴16540 per week

₴10962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴21322
₴27355
₴22350
₴31651
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
trade
-
-
-
9 301
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.

-
-
-
23 743
health

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

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

-
-
-
2 933
surtax

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

-
-
-
1 306
total
-
-
-
37 283
Employee

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

21 773
-
76 500
-
health

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

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

2 933
-
2 933
-
surtax

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

103
-
1 306
-
income

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

1 871
-
23 743
-
total
4 907
-
27 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 727
76 500
-
-
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.

451
631
-
-
income
8 209
11 475
-
-
trade
9 002
12 584
-
-
chamber of commerce
143
174
-
-
total
17 805
24 864
-
-
Dividends
36 920
51 635
-
-
surtax

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

499
701
-
-
withholding
9 067
12 746
-
-
total
9 566
13 447
-
-
Income
76 500
76 500
76 500
76 500
Total tax
32 278
38 311
27 982
37 283
After tax
44 222
38 189
48 518
39 217
Living cost
16 867
16 867
16 867
16 867
Free-cash
27 355
21 322
31 651
22 350

Estimated living cost  is ₴16867 per week

₴11281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴41879
₴40099
₴38317
₴37647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
15 359
health
-
-
-
1 951
social contributions
-
-
-
6 947
total
-
-
-
24 257
Employee
33 015
33 015
71 482
-
social contributions
1 604
2 740
3 696
-
health
328
561
1 215
-
income
3 467
3 056
14 998
-
total
5 399
6 357
19 909
-
Employer
33 015
33 015
71 482
-
social contributions
1 604
2 740
3 696
-
health
358
611
1 322
-
total
1 962
3 351
5 018
-
Corporate
55 212
40 134
-
-
income
6 901
5 017
-
-
total
6 901
5 017
-
-
Dividends
48 311
35 117
-
-
withholding
8 213
5 970
-
-
total
8 213
5 970
-
-
Income
76 500
76 500
76 500
76 500
Total tax
22 475
20 695
24 927
24 257
After tax
54 025
55 805
51 573
52 243
Living cost
13 926
13 926
13 926
13 926
Free-cash
40 099
41 879
37 647
38 317

Estimated living cost  is ₴13926 per week

₴9520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴35194
₴35356
₴45220
₴36572
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
9 352
pensions
-
-
-
7 650
unemployment
-
-
-
1 147
health
-
-
-
5 355
total
-
-
-
23 504
Employee

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

The minimum wage is 138,000 HUF per month.

11 225
4 467
64 017
-
health
786
313
4 481
-
income
1 372
546
7 826
-
pensions
1 123
447
6 402
-
unemployment
168
67
960
-
total
3 449
1 373
19 669
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 225
4 467
64 017
-
pensions
2 189
871
12 483
-
total
2 189
871
12 483
-
Corporate
63 086
71 161
-
-
income
5 678
6 405
-
-
total
5 678
6 405
-
-
Dividends
57 408
64 757
-
-
social contributions
11 144
12 577
-
-
withholding
10 908
12 304
-
-
total
22 052
24 881
-
-
Income
76 500
76 500
76 500
76 500
Total tax
33 368
33 530
32 152
23 504
After tax
43 132
42 970
44 348
52 996
Living cost
7 776
7 776
7 776
7 776
Free-cash
35 356
35 194
36 572
45 220

Estimated living cost  is ₴7776 per week

₴5307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴50830
₴48162
₴30634
₴33725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
10 251
pensions
-
-
-
15 300
health
-
-
-
9 945
total
-
-
-
35 496
Employee
12 180
-
57 174
-
income
1 371
-
11 023
-
pensions
244
-
1 143
-
unemployment
195
-
915
-
total
1 810
-
13 081
-
Employer
12 180
-
57 174
-
unemployment
98
-
457
-
pensions
2 436
-
11 435
-
health
1 583
-
7 432
-
total
4 117
-
19 324
-
Corporate
60 203
76 500
-
-
income
12 041
15 300
-
-
total
12 041
15 300
-
-
Dividends
48 162
61 200
-
-
total
-
-
-
-
Income
76 500
76 500
76 500
76 500
Total tax
17 968
15 300
32 405
35 496
After tax
58 532
61 200
44 095
41 004
Living cost
10 370
10 370
10 370
10 370
Free-cash
48 162
50 830
33 725
30 634

Estimated living cost  is ₴10370 per week

₴7113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴3181
₴4758
₴42913
₴32225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
accident
-
-
-
108
income
-
-
-
21 241
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
24 210
Employee
14 750
-
68 963
-
health
1 689
-
7 896
-
income
2 024
-
16 212
-
pensions
1 661
-
3 252
-
total
5 374
-
27 360
-
Employer
14 750
-
68 963
-
accident
246
-
1 152
-
unemployment
361
-
1 690
-
pensions
2 398
-
4 696
-
total
3 005
-
7 538
-
Corporate
58 744
76 500
-
-
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.

52 870
68 850
-
-
total
52 870
68 850
-
-
Dividends
5 874
7 650
-
-
withholding
1 116
1 454
-
-
total
1 116
1 454
-
-
Income
76 500
76 500
76 500
76 500
Total tax
62 365
70 304
34 898
24 210
After tax
14 135
6 196
41 602
52 290
Living cost
9 377
9 377
9 377
9 377
Free-cash
4 758
-3 181
32 225
42 913

Estimated living cost  is ₴9377 per week

₴6872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴68761
₴68028
₴71821
₴57286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
76 500
microenterprise

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

-
-
-
765
total
-
-
-
765
Employee
4 892
-
76 500
-
income
978
-
15 300
-
total
978
-
15 300
-
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%.

71 608
76 500
-
-
total
-
-
-
-
Dividends
71 608
76 500
-
-
withholding
3 580
3 825
-
-
total
3 580
3 825
-
-
Income
76 500
76 500
76 500
76 500
Total tax
4 558
3 825
15 300
765
After tax
71 942
72 675
61 200
75 735
Living cost
3 914
3 914
3 914
3 914
Free-cash
68 028
68 761
57 286
71 821

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴44764
₴41864
₴31518
₴31892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
11 897
pensions

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

-
-
-
15 670
other
-
-
-
3 101
health
-
-
-
2 873
total
-
-
-
33 541
Employee
15 589
-
61 102
-
health
218
-
856
-
income
2 684
-
12 023
-
pensions

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

1 091
-
4 278
-
unemployment
156
-
611
-
total
4 149
-
17 768
-
Employer
15 589
-
61 102
-
accident
125
-
489
-
other
780
-
3 055
-
unemployment
156
-
611
-
pensions

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

2 650
-
10 388
-
health
218
-
856
-
total
3 929
-
15 399
-
Corporate
56 982
76 500
-
-
income
11 966
16 065
-
-
total
11 966
16 065
-
-
Dividends
45 016
60 435
-
-
withholding
3 151
4 230
-
-
total
3 151
4 230
-
-
Income
76 500
76 500
76 500
76 500
Total tax
23 195
20 295
33 167
33 541
After tax
53 305
56 205
43 333
42 959
Living cost
11 441
11 441
11 441
11 441
Free-cash
41 864
44 764
31 892
31 518

Estimated living cost  is ₴11441 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴21133
₴22479
₴21799
₴14877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
21 903
pensions
-
-
-
3 896
total
-
-
-
25 799
Employee
40 892
-
66 824
-
health
674
-
967
-
income
7 371
-
17 288
-
pensions
3 945
-
4 789
-
total
11 990
-
23 044
-
Employer
40 892
-
66 824
-
pensions
4 828
-
8 407
-
health
777
-
1 270
-
total
5 605
-
9 677
-
Corporate
30 003
76 500
-
-
income

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

5 701
14 535
-
-
total
5 701
14 535
-
-
Dividends
24 302
61 965
-
-
withholding
1 823
11 930
-
-
total
1 823
11 930
-
-
Income
76 500
76 500
76 500
76 500
Total tax
25 119
26 465
32 721
25 799
After tax
51 381
50 035
43 779
50 701
Living cost
28 902
28 902
28 902
28 902
Free-cash
22 479
21 133
14 877
21 799

Estimated living cost  is ₴28902 per week

₴21657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴59778
₴57784
₴55391
₴58400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
11 475
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
15 480
Employee
7 454
-
73 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
7 356
-
pensions

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

654
-
1 317
-
total
1 824
-
9 528
-
Employer
7 454
-
73 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
67 583
76 500
-
-
income
6 758
7 650
-
-
total
6 758
7 650
-
-
Dividends
60 825
68 850
-
-
withholding
3 041
3 442
-
-
total
3 041
3 442
-
-
Income
76 500
76 500
76 500
76 500
Total tax
13 087
11 092
12 471
15 480
After tax
63 413
65 408
64 029
61 020
Living cost
5 630
5 630
5 630
5 630
Free-cash
57 784
59 778
58 400
55 391

Estimated living cost  is ₴5630 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴14079
₴15161
₴18367
₴24083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
24 001
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
34 325
Employee
39 806
36 665
68 521
-
health
4 966
4 787
5 294
-
income

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

6 001
6 001
10 306
-
pensions
5 030
5 030
5 030
-
total
15 997
15 818
20 630
-
Employer
39 806
36 665
68 521
-
unemployment
1 433
1 320
1 640
-
pensions
2 770
2 552
3 172
-
health
2 766
2 549
3 167
-
total
6 969
6 421
7 979
-
Corporate
29 724
33 414
-
-
income
5 945
6 683
-
-
total
5 945
6 683
-
-
Dividends
23 779
26 732
-
-
income
5 053
5 681
-
-
withholding
3 567
4 010
-
-
total
8 620
9 691
-
-
Income
76 500
76 500
76 500
76 500
Total tax
37 531
38 613
28 609
34 325
After tax
38 969
37 887
47 891
42 175
Living cost
23 808
23 808
23 808
23 808
Free-cash
15 161
14 079
24 083
18 367

Estimated living cost  is ₴23808 per week

₴17563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴42413
₴38754
₴33383
₴30028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
7 712
health
-
-
-
10 327
solidarity contribution
-
-
-
61
social contributions
-
-
-
14 760
total
-
-
-
32 860
Employee
15 084
-
58 590
-
social contributions
980
-
3 286
-
health
2 036
-
7 910
-
solidarity contribution
-
-
-
-
income
1 810
-
7 109
-
total
4 826
-
18 305
-
Employer
15 084
-
58 590
-
social contributions
3 771
-
12 637
-
health
1 358
-
5 273
-
total
5 129
-
17 910
-
Corporate
56 287
76 500
-
-
income
10 695
14 535
-
-
total
10 695
14 535
-
-
Dividends
45 593
61 965
-
-
withholding
6 839
9 295
-
-
total
6 839
9 295
-
-
Income
76 500
76 500
76 500
76 500
Total tax
27 489
23 830
36 215
32 860
After tax
49 011
52 670
40 285
43 640
Living cost
10 257
10 257
10 257
10 257
Free-cash
38 754
42 413
30 028
33 383

Estimated living cost  is ₴10257 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴22698
₴20458
₴18393
₴14937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
municipal
-
-
-
455
regional
-
-
-
904
national
-
-
-
18 955
social contributions
-
-
-
19 676
total
-
-
-
39 990
Employee
38 158
-
76 500
-
social contributions
12 867
-
25 796
-
regional
360
-
798
-
municipal
202
-
406
-
national
6 612
-
16 446
-
total
20 041
-
43 446
-
Employer
38 158
-
76 500
-
total
-
-
-
-
Corporate
38 342
76 500
-
-
nationa
9 202
18 360
-
-
municipal
1 495
2 984
-
-
total
10 697
21 344
-
-
Dividends
27 644
55 156
-
-
withholding
7 187
14 341
-
-
total
7 187
14 341
-
-
Income
76 500
76 500
76 500
76 500
Total tax
37 925
35 685
43 446
39 990
After tax
38 575
40 815
33 054
36 510
Living cost
18 117
18 117
18 117
18 117
Free-cash
20 458
22 698
14 937
18 393

Estimated living cost  is ₴18117 per week

₴12629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴38644
₴37309
₴26715
₴24091
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
21 364
pensions
-
-
-
11 461
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 068
surtax
-
-
-
3 320
total
-
-
-
40 311
Employee
14 198
-
64 438
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
2 807
-
income
2 380
-
18 795
-
pensions
947
-
3 822
-
unemployment
988
-
3 988
-
total
4 724
-
30 873
-
Employer
14 198
-
64 438
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 639
-
health
646
-
2 607
-
total
2 989
-
12 062
-
Corporate
59 313
76 500
-
-
income
15 421
19 890
-
-
total
15 421
19 890
-
-
Dividends
43 892
56 610
-
-
withholding
6 583
8 492
-
-
total
6 583
8 492
-
-
Income
76 500
76 500
76 500
76 500
Total tax
29 717
28 382
42 935
40 311
After tax
46 783
48 118
33 565
36 189
Living cost
9 474
9 474
9 474
9 474
Free-cash
37 309
38 644
24 091
26 715

Estimated living cost  is ₴9474 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴30290
₴33143
₴30956
₴24034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
21 903
pensions
-
-
-
3 896
total
-
-
-
25 799
Employee
27 405
-
66 824
-
health
398
-
967
-
income
4 936
-
17 288
-
pensions
2 326
-
4 789
-
total
7 660
-
23 044
-
Employer
27 405
-
66 824
-
pensions
2 967
-
8 407
-
health
521
-
1 270
-
total
3 488
-
9 677
-
Corporate
45 608
76 500
-
-
income

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

8 666
14 535
-
-
total
8 666
14 535
-
-
Dividends
36 942
61 965
-
-
withholding
3 798
11 930
-
-
total
3 798
11 930
-
-
Income
76 500
76 500
76 500
76 500
Total tax
23 612
26 465
32 721
25 799
After tax
52 888
50 035
43 779
50 701
Living cost
19 745
19 745
19 745
19 745
Free-cash
33 143
30 290
24 034
30 956

Estimated living cost  is ₴19745 per week

₴14793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
₴2180
₴16213
₴28998
₴25530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
city
-
-
-
806
pensions
-
-
-
7 038
other

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

-
-
-
1 530
regional
-
-
-
3 821
health
-
-
-
172
national
-
-
-
1 333
total
-
-
-
14 700
Employee
38 387
-
68 472
-
city
412
-
735
-
regional
1 257
-
3 285
-
health
87
-
154
-
pensions
3 225
-
5 752
-
unemployment
-
-
-
-
national
182
-
967
-
total
5 163
-
10 893
-
Employer
38 387
-
68 472
-
other

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

768
-
1 369
-
unemployment
-
-
-
-
pensions
3 225
-
5 752
-
health
87
-
154
-
total
4 080
-
7 275
-
Corporate
33 611
76 500
-
-
regional
7 109
16 180
-
-
national
2 857
6 502
-
-
total
9 966
22 682
-
-
Dividends
23 646
53 818
-
-
withholding
8 276
18 836
-
-
total
8 276
18 836
-
-
Income
76 500
76 500
76 500
76 500
Total tax
27 485
41 518
18 168
14 700
After tax
49 015
34 982
58 332
61 800
Living cost
32 802
32 802
32 802
32 802
Free-cash
16 213
2 180
25 530
28 998

Estimated living cost  is ₴32802 per week

₴21331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴18127
₴25089
₴19153
₴28849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
trade
-
-
-
9 696
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.

-
-
-
23 743
health

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

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

-
-
-
2 933
surtax

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

-
-
-
1 306
total
-
-
-
37 678
Employee

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

25 803
-
76 500
-
health

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

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

2 933
-
2 933
-
surtax

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

167
-
1 306
-
income

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

3 034
-
23 743
-
total
6 134
-
27 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 697
76 500
-
-
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.

418
631
-
-
income
7 604
11 475
-
-
trade
8 695
13 120
-
-
chamber of commerce
137
173
-
-
total
16 854
25 399
-
-
Dividends
33 843
51 101
-
-
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.

456
693
-
-
withholding
8 298
12 612
-
-
total
8 754
13 305
-
-
Income
76 500
76 500
76 500
76 500
Total tax
31 742
38 704
27 982
37 678
After tax
44 758
37 796
48 518
38 822
Living cost
19 669
19 669
19 669
19 669
Free-cash
25 089
18 127
28 849
19 153

Estimated living cost  is ₴19669 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴23867
₴26402
₴28405
₴27245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
12 033
pensions
-
-
-
13 558
other
-
-
-
2 372
health
-
-
-
3 262
surtax
-
-
-
-
social contributions
-
-
-
2 180
total
-
-
-
33 405
Employee
18 376
-
59 230
-
social contributions
524
-
1 687
-
surtax
-
-
-
-
income
1 084
-
11 499
-
pensions
2 078
-
4 109
-
total
3 686
-
17 295
-
Employer
18 376
-
59 230
-
other
634
-
2 306
-
social contributions
55
-
178
-
unemployment
744
-
2 399
-
pensions
3 019
-
6 919
-
health
1 287
-
5 468
-
total
5 739
-
17 270
-
Corporate
52 386
76 500
-
-
surtax
-
-
-
-
income
14 668
21 420
-
-
total
14 668
21 420
-
-
Dividends
37 718
55 080
-
-
surtax
-
-
-
-
social contributions
6 487
9 473
-
-
withholding
4 828
7 050
-
-
total
11 315
16 523
-
-
Income
76 500
76 500
76 500
76 500
Total tax
35 408
37 943
34 565
33 405
After tax
41 092
38 557
41 935
43 095
Living cost
14 690
14 690
14 690
14 690
Free-cash
26 402
23 867
27 245
28 405

Estimated living cost  is ₴14690 per week

₴9262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴25323
₴27709
₴29861
₴28701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
12 033
pensions
-
-
-
13 558
other
-
-
-
2 372
health
-
-
-
3 262
surtax
-
-
-
-
social contributions
-
-
-
2 180
total
-
-
-
33 405
Employee
16 403
-
59 230
-
social contributions
468
-
1 687
-
surtax
-
-
-
-
income
846
-
11 499
-
pensions
1 855
-
4 109
-
total
3 169
-
17 295
-
Employer
16 403
-
59 230
-
other
566
-
2 306
-
social contributions
49
-
178
-
unemployment
664
-
2 399
-
pensions
2 695
-
6 919
-
health
1 148
-
5 468
-
total
5 122
-
17 270
-
Corporate
54 975
76 500
-
-
surtax
-
-
-
-
income
15 393
21 420
-
-
total
15 393
21 420
-
-
Dividends
39 582
55 080
-
-
surtax
-
-
-
-
social contributions
6 807
9 473
-
-
withholding
5 066
7 050
-
-
total
11 873
16 523
-
-
Income
76 500
76 500
76 500
76 500
Total tax
35 557
37 943
34 565
33 405
After tax
40 943
38 557
41 935
43 095
Living cost
13 234
13 234
13 234
13 234
Free-cash
27 709
25 323
28 701
29 861

Estimated living cost  is ₴13234 per week

₴7675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴37568
₴37791
₴40024
₴38421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
11 475
health
-
-
-
5 340
social contributions
-
-
-
10 557
total
-
-
-
27 372
Employee
14 558
-
76 500
-
social contributions
2 009
-
10 557
-
health
1 016
-
5 340
-
income
2 428
-
13 078
-
total
5 453
-
28 975
-
Employer
14 558
-
76 500
-
total
-
-
-
-
Corporate
61 942
76 500
-
-
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%.

3 097
3 825
-
-
total
3 097
3 825
-
-
Dividends
58 845
72 675
-
-
health
4 107
5 073
-
-
social contributions
8 121
10 029
-
-
withholding
8 827
10 901
-
-
total
21 055
26 003
-
-
Income
76 500
76 500
76 500
76 500
Total tax
29 605
29 828
28 975
27 372
After tax
46 895
46 672
47 525
49 128
Living cost
9 104
9 104
9 104
9 104
Free-cash
37 791
37 568
38 421
40 024

Estimated living cost  is ₴9104 per week

₴6093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴27192
₴26524
₴24136
₴5138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
chamber of commerce
-
-
-
306
income
-
-
-
21 094
pensions
-
-
-
9 280
unemployment
-
-
-
2 633
health
-
-
-
3 837
surtax
-
-
-
85
total
-
-
-
37 235
Employee
21 457
17 110
61 176
-
other
214
171
502
-
health
830
662
1 941
-
income
2 443
1 262
16 938
-
pensions
2 197
1 752
5 136
-
unemployment
644
513
1 505
-
total
6 328
4 360
26 022
-
Employer
21 457
17 110
61 176
-
accident
279
222
652
-
other
1 019
812
2 812
-
chamber of commerce
86
68
244
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 295
-
payroll
644
513
1 835
-
health
811
647
1 896
-
total
6 261
5 008
15 324
-
Corporate
48 784
54 380
59 547
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

12 196
13 595
14 887
-
total
12 196
13 595
14 887
-
Dividends
36 588
40 785
-
-
withholding
10 062
11 216
-
-
total
10 062
11 216
-
-
Income
76 500
76 500
76 500
76 500
Total tax
34 847
34 179
56 233
37 235
After tax
41 653
42 321
20 267
39 265
Living cost
15 129
15 129
15 129
15 129
Free-cash
26 524
27 192
5 138
24 136

Estimated living cost  is ₴15129 per week

₴10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴27127
₴20689
₴17517
₴11229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
national
-
-
-
28 676
communal

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

-
-
-
3 948
social contributions
-
-
-
10 704
total
-
-
-
43 328
Employee

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

30 712
-
59 253
-
communal

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

1 602
-
3 090
-
health

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

1 443
-
2 785
-
pensions

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

2 303
-
4 444
-
unemployment

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

267
-
516
-
national
9 442
-
21 533
-
total
15 057
-
32 368
-
Employer

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

30 712
-
59 253
-
accident

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

399
-
770
-
unemployment

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

448
-
865
-
surtax
3 482
-
6 719
-
pensions

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

2 721
-
5 250
-
health

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

1 889
-
3 644
-
total
8 939
-
17 248
-
Corporate
36 848
76 500
-
-
surtax
147
306
-
-
income
7 370
15 300
-
-
total
7 517
15 606
-
-
Dividends
29 331
60 894
-
-
withholding

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

8 643
18 112
-
-
total
8 643
18 112
-
-
Income
76 500
76 500
76 500
76 500
Total tax
40 156
33 718
49 616
43 328
After tax
36 344
42 782
26 884
33 172
Living cost
15 655
15 655
15 655
15 655
Free-cash
20 689
27 127
11 229
17 517

Estimated living cost  is ₴15655 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴35476
₴32535
₴27415
₴25614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
accident
-
-
-
359
income
-
-
-
21 639
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
33 579
Employee
21 372
-
63 813
-
other
21
-
40
-
income
4 509
-
20 165
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 867
-
22 693
-
Employer
21 372
-
63 813
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 188
-
pensions
5 043
-
9 392
-
total
6 812
-
12 687
-
Corporate
48 315
76 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

7 247
11 475
-
-
total
7 247
11 475
-
-
Dividends
41 068
65 025
-
-
withholding
8 533
14 043
-
-
total
8 533
14 043
-
-
Income
76 500
76 500
76 500
76 500
Total tax
28 459
25 518
35 380
33 579
After tax
48 041
50 982
41 120
42 921
Living cost
15 506
15 506
15 506
15 506
Free-cash
32 535
35 476
25 614
27 415

Estimated living cost  is ₴15506 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴21361
₴15845
₴14392
₴17442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
accident
-
-
-
645
income
-
-
-
12 661
pensions
-
-
-
11 466
health
-
-
-
5 375
surtax
-
-
-
3 793
communal
-
-
-
4 835
total
-
-
-
38 775
Employee
32 515
-
68 334
-
health
1 447
-
3 041
-
surtax
1 993
-
4 188
-
income
3 141
-
14 865
-
pensions
2 601
-
5 466
-
total
9 182
-
27 560
-
Employer
32 515
-
68 334
-
accident
293
-
615
-
pensions
2 601
-
5 466
-
health
992
-
2 084
-
total
3 886
-
8 165
-
Corporate
40 101
76 500
-
-
surtax
421
803
-
-
communal
2 707
5 164
-
-
income
6 015
11 475
-
-
total
9 143
17 442
-
-
Dividends
30 958
59 057
-
-
income
10 468
5 506
-
-
withholding
4 643
8 858
-
-
total
15 111
14 364
-
-
Income
76 500
76 500
76 500
76 500
Total tax
37 322
31 806
35 725
38 775
After tax
39 178
44 694
40 775
37 725
Living cost
23 333
23 333
23 333
23 333
Free-cash
15 845
21 361
17 442
14 392

Estimated living cost  is ₴23333 per week

₴17503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴38474
₴37109
₴26545
₴23921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
21 364
pensions
-
-
-
11 461
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 068
surtax
-
-
-
3 320
total
-
-
-
40 311
Employee
14 459
-
64 438
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
2 807
-
income
2 424
-
18 795
-
pensions
965
-
3 822
-
unemployment
1 006
-
3 988
-
total
4 815
-
30 873
-
Employer
14 459
-
64 438
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 639
-
health
658
-
2 607
-
total
3 045
-
12 062
-
Corporate
58 997
76 500
-
-
income
15 339
19 890
-
-
total
15 339
19 890
-
-
Dividends
43 658
56 610
-
-
withholding
6 548
8 492
-
-
total
6 548
8 492
-
-
Income
76 500
76 500
76 500
76 500
Total tax
29 747
28 382
42 935
40 311
After tax
46 753
48 118
33 565
36 189
Living cost
9 644
9 644
9 644
9 644
Free-cash
37 109
38 474
23 921
26 545

Estimated living cost  is ₴9644 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴28644
₴27691
₴24695
₴21257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
municipal
-
-
-
455
regional
-
-
-
1 153
national
-
-
-
18 955
social contributions
-
-
-
19 676
total
-
-
-
40 239
Employee
23 817
-
76 500
-
social contributions
8 031
-
25 796
-
regional
321
-
1 029
-
municipal
126
-
406
-
national
3 773
-
16 446
-
total
12 251
-
43 677
-
Employer
23 817
-
76 500
-
total
-
-
-
-
Corporate
52 683
76 500
-
-
nationa
12 644
18 360
-
-
municipal
2 619
3 802
-
-
total
15 263
22 162
-
-
Dividends
37 421
54 338
-
-
withholding
9 729
14 128
-
-
total
9 729
14 128
-
-
Income
76 500
76 500
76 500
76 500
Total tax
37 243
36 290
43 677
40 239
After tax
39 257
40 210
32 823
36 261
Living cost
11 566
11 566
11 566
11 566
Free-cash
27 691
28 644
21 257
24 695

Estimated living cost  is ₴11566 per week

₴7193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴40030
₴35521
₴31000
₴27645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
7 712
health
-
-
-
10 327
solidarity contribution
-
-
-
61
social contributions
-
-
-
14 760
total
-
-
-
32 860
Employee
18 588
-
58 590
-
social contributions
1 208
-
3 286
-
health
2 509
-
7 910
-
solidarity contribution
-
-
-
-
income
2 230
-
7 109
-
total
5 947
-
18 305
-
Employer
18 588
-
58 590
-
social contributions
4 647
-
12 637
-
health
1 673
-
5 273
-
total
6 320
-
17 910
-
Corporate
51 593
76 500
-
-
income
9 803
14 535
-
-
total
9 803
14 535
-
-
Dividends
41 790
61 965
-
-
withholding
6 269
9 295
-
-
total
6 269
9 295
-
-
Income
76 500
76 500
76 500
76 500
Total tax
28 339
23 830
36 215
32 860
After tax
48 161
52 670
40 285
43 640
Living cost
12 640
12 640
12 640
12 640
Free-cash
35 521
40 030
27 645
31 000

Estimated living cost  is ₴12640 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴28669
₴28454
₴25652
₴6591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
chamber of commerce
-
-
-
306
income
-
-
-
21 094
pensions
-
-
-
9 280
unemployment
-
-
-
2 633
health
-
-
-
3 837
surtax
-
-
-
-
total
-
-
-
37 150
Employee
18 768
17 110
61 255
-
other
187
171
502
-
health
726
662
1 941
-
income
1 672
1 262
16 976
-
pensions
1 922
1 752
5 136
-
unemployment
563
513
1 505
-
total
5 070
4 360
26 060
-
Employer
18 768
17 110
61 255
-
accident
244
222
652
-
other
891
812
2 815
-
chamber of commerce
75
68
245
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 295
-
payroll
563
513
1 837
-
health
710
647
1 896
-
total
5 402
4 923
15 245
-
Corporate
52 331
54 465
59 625
-
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.

13 083
13 617
14 906
-
total
13 083
13 617
14 906
-
Dividends
39 248
40 849
-
-
withholding
10 793
11 233
-
-
total
10 793
11 233
-
-
Income
76 500
76 500
76 500
76 500
Total tax
34 348
34 133
56 211
37 150
After tax
42 152
42 367
20 289
39 350
Living cost
13 698
13 698
13 698
13 698
Free-cash
28 454
28 669
6 591
25 652

Estimated living cost  is ₴13698 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴66576
₴65432
₴69636
₴55101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
76 500
microenterprise

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

-
-
-
765
total
-
-
-
765
Employee
7 624
-
76 500
-
income
1 525
-
15 300
-
total
1 525
-
15 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

68 876
76 500
-
-
total
-
-
-
-
Dividends
68 876
76 500
-
-
withholding
3 444
3 825
-
-
total
3 444
3 825
-
-
Income
76 500
76 500
76 500
76 500
Total tax
4 969
3 825
15 300
765
After tax
71 531
72 675
61 200
75 735
Living cost
6 099
6 099
6 099
6 099
Free-cash
65 432
66 576
55 101
69 636

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴41154
₴37563
₴25802
₴23777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
income
-
-
-
17 568
pensions
-
-
-
13 971
unemployment
-
-
-
115
health
-
-
-
7 528
total
-
-
-
39 182
Employee

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

18 986
-
66 194
-
health
1 226
-
4 276
-
income
3 274
-
16 272
-
pensions
2 943
-
10 260
-
unemployment
27
-
93
-
total
7 470
-
30 901
-
Employer

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

18 986
-
66 194
-
unemployment
11
-
40
-
pensions
1 680
-
5 858
-
health
1 265
-
4 408
-
total
2 956
-
10 306
-
Corporate
54 558
76 500
-
-
income
10 366
14 535
-
-
total
10 366
14 535
-
-
Dividends
44 192
61 965
-
-
withholding
6 629
9 295
-
-
total
6 629
9 295
-
-
Income
76 500
76 500
76 500
76 500
Total tax
27 421
23 830
41 207
39 182
After tax
49 079
52 670
35 293
37 318
Living cost
11 516
11 516
11 516
11 516
Free-cash
37 563
41 154
23 777
25 802

Estimated living cost  is ₴11516 per week

₴7903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴27995
₴7548
₴34320
₴52297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
14 911
social contributions
-
-
-
8 721
total
-
-
-
23 632
Employee
26 595
-
-
-
social contributions
2 181
-
311
-
income
5 866
-
-
-
total
8 047
-
311
-
Employer
26 595
-
-
-
social contributions
37 499
-
5 344
-
total
37 499
-
5 344
-
Corporate
12 407
76 500
-
-
income
2 729
16 830
-
-
total
2 729
16 830
-
-
Dividends
9 677
59 670
-
-
income
2 129
13 127
-
-
total
2 129
13 127
-
-
Income
76 500
76 500
76 500
76 500
Total tax
50 404
29 957
5 655
23 632
After tax
26 096
46 543
70 845
52 868
Living cost
18 548
18 548
18 548
18 548
Free-cash
7 548
27 995
52 297
34 320

Estimated living cost  is ₴18548 per week

₴12034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴30046
₴29614
₴27446
₴21646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
income
-
-
-
9 003
surtax
-
-
-
-
social contributions

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

-
-
-
26 584
total
-
-
-
35 587
Employee
19 747
-
61 818
-
social contributions
2 172
-
6 800
-
surtax
-
-
-
-
income
4 107
-
19 905
-
total
6 279
-
26 705
-
Employer
19 747
-
61 818
-
social contributions
4 690
-
14 682
-
total
4 690
-
14 682
-
Corporate
52 063
76 500
-
-
surtax
-
-
-
-
income
10 934
16 065
-
-
total
10 934
16 065
-
-
Dividends
41 130
60 435
-
-
withholding
11 516
16 922
-
-
total
11 516
16 922
-
-
Income
76 500
76 500
76 500
76 500
Total tax
33 419
32 987
41 387
35 587
After tax
43 081
43 513
35 113
40 913
Living cost
13 467
13 467
13 467
13 467
Free-cash
29 614
30 046
21 646
27 446

Estimated living cost  is ₴13467 per week

₴10076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴17820
₴20770
₴22358
₴21198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
12 033
pensions
-
-
-
13 558
other
-
-
-
2 372
health
-
-
-
3 262
surtax
-
-
-
-
social contributions
-
-
-
2 180
total
-
-
-
33 405
Employee
26 891
-
59 230
-
social contributions
766
-
1 687
-
surtax
-
-
-
-
income
2 346
-
11 499
-
pensions
3 042
-
4 109
-
total
6 154
-
17 295
-
Employer
26 891
-
59 230
-
other
928
-
2 306
-
social contributions
81
-
178
-
unemployment
1 089
-
2 399
-
pensions
4 419
-
6 919
-
health
1 882
-
5 468
-
total
8 399
-
17 270
-
Corporate
41 210
76 500
-
-
surtax
-
-
-
-
income
11 539
21 420
-
-
total
11 539
21 420
-
-
Dividends
29 671
55 080
-
-
surtax
-
-
-
-
social contributions
5 103
9 473
-
-
withholding
3 798
7 050
-
-
total
8 901
16 523
-
-
Income
76 500
76 500
76 500
76 500
Total tax
34 993
37 943
34 565
33 405
After tax
41 507
38 557
41 935
43 095
Living cost
20 737
20 737
20 737
20 737
Free-cash
20 770
17 820
21 198
22 358

Estimated living cost  is ₴20737 per week

₴14035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴55944
₴54502
₴43405
₴45437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
3 359
social contributions
-
-
-
16 830
total
-
-
-
20 189
Employee
13 803
-
66 234
-
income
-
-
3 586
-
social contributions
897
-
4 305
-
total
897
-
7 891
-
Employer
13 803
-
66 234
-
social contributions
2 140
-
10 266
-
total
2 140
-
10 266
-
Corporate
60 557
76 500
-
-
income
6 055
7 650
-
-
total
6 055
7 650
-
-
Dividends
54 502
68 850
-
-
total
-
-
-
-
Income
76 500
76 500
76 500
76 500
Total tax
9 092
7 650
18 157
20 189
After tax
67 408
68 850
58 343
56 311
Living cost
12 906
12 906
12 906
12 906
Free-cash
54 502
55 944
45 437
43 405

Estimated living cost  is ₴12906 per week

₴8345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴17035
-₴17035
₴24393
-₴17035
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
municipal
-
-
-
15 961
pensions
-
-
-
372
national
-
-
-
9 009
labour market
-
-
-
6 090
total
-
-
-
31 432
Employee
87 266
87 266
87 266
-
labour market
6 971
6 971
6 971
-
national
10 661
10 661
10 661
-
municipal
18 583
18 583
18 583
-
pensions
124
124
124
-
total
36 339
36 339
36 339
-
Employer
87 266
87 266
87 266
-
labour market
6 981
6 981
6 981
-
municipal
18 612
18 612
18 612
-
pensions
248
248
248
-
national
10 680
10 680
10 680
-
total
36 521
36 521
36 521
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
76 500
76 500
76 500
76 500
Total tax
72 860
72 860
72 860
31 432
After tax
3 640
3 640
3 640
45 068
Living cost
20 675
20 675
20 675
20 675
Free-cash
-17 035
-17 035
-17 035
24 393

Estimated living cost  is ₴20675 per week

₴14150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴3042
₴4780
₴43052
₴32364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
accident
-
-
-
108
income
-
-
-
21 241
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
24 210
Employee
14 532
-
68 963
-
health
1 664
-
7 896
-
income
1 994
-
16 212
-
pensions
1 636
-
3 252
-
total
5 294
-
27 360
-
Employer
14 532
-
68 963
-
accident
243
-
1 152
-
unemployment
356
-
1 690
-
pensions
2 363
-
4 696
-
total
2 962
-
7 538
-
Corporate
59 006
76 500
-
-
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.

53 105
68 850
-
-
total
53 105
68 850
-
-
Dividends
5 901
7 650
-
-
withholding
1 121
1 454
-
-
total
1 121
1 454
-
-
Income
76 500
76 500
76 500
76 500
Total tax
62 482
70 304
34 898
24 210
After tax
14 018
6 196
41 602
52 290
Living cost
9 238
9 238
9 238
9 238
Free-cash
4 780
-3 042
32 364
43 052

Estimated living cost  is ₴9238 per week

₴6724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴31398
₴32497
₴32731
₴23592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
76 500
municipal
-
-
-
13 591
health
-
-
-
999
national
-
-
-
12 695
total
-
-
-
27 285
Employee
22 589
-
64 357
-
health
169
-
812
-
municipal
3 700
-
10 482
-
pensions
1 524
-
4 344
-
unemployment
339
-
966
-
national
373
-
7 677
-
total
6 105
-
24 281
-
Employer
22 589
-
64 357
-
accident
23
-
64
-
unemployment
147
-
418
-
pensions
3 919
-
11 166
-
health
174
-
495
-
total
4 263
-
12 143
-
Corporate
49 649
76 500
-
-
income
9 930
15 300
-
-
total
9 930
15 300
-
-
Dividends

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

29 789
45 900
-
-
national
1 859
5 056
-
-
municipal
5 362
8 262
-
-
total
7 221
13 318
-
-
Income
76 500
76 500
76 500
76 500
Total tax
27 519
28 618
36 424
27 285
After tax
48 981
47 882
40 076
49 215
Living cost
16 484
16 484
16 484
16 484
Free-cash
32 497
31 398
23 592
32 731

Estimated living cost  is ₴16484 per week

₴10767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴45864
₴43527
₴42302
₴41632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
15 359
health
-
-
-
1 951
social contributions
-
-
-
6 947
total
-
-
-
24 257
Employee
33 015
33 015
71 482
-
social contributions
1 248
2 740
3 696
-
health
256
561
1 215
-
income
3 595
3 056
14 998
-
total
5 099
6 357
19 909
-
Employer
33 015
33 015
71 482
-
social contributions
1 248
2 740
3 696
-
health
278
611
1 322
-
total
1 526
3 351
5 018
-
Corporate
59 934
40 134
-
-
income
7 492
5 017
-
-
total
7 492
5 017
-
-
Dividends
52 442
35 117
-
-
withholding
8 915
5 970
-
-
total
8 915
5 970
-
-
Income
76 500
76 500
76 500
76 500
Total tax
23 032
20 695
24 927
24 257
After tax
53 468
55 805
51 573
52 243
Living cost
9 941
9 941
9 941
9 941
Free-cash
43 527
45 864
41 632
42 302

Estimated living cost  is ₴9941 per week

₴5958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴56532
₴54347
₴57596
₴48982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
76 500
income
-
-
-
7 790
pensions
-
-
-
2 731
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
12 087
Employee

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

9 855
-
72 304
-
health
838
-
3 463
-
income
674
-
6 726
-
pensions
1 478
-
6 111
-
unemployment
49
-
204
-
total
3 039
-
16 504
-
Employer

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

9 855
-
72 304
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
65 630
76 500
-
-
income
5 907
6 885
-
-
total
5 907
6 885
-
-
Dividends
59 723
69 615
-
-
withholding
5 375
6 266
-
-
total
5 375
6 266
-
-
Income
76 500
76 500
76 500
76 500
Total tax
15 336
13 151
20 701
12 087
After tax
61 164
63 349
55 799
64 413
Living cost
6 817
6 817
6 817
6 817
Free-cash
54 347
56 532
48 982
57 596

Estimated living cost  is ₴6817 per week

₴4349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴39175
₴37280
₴31114
₴29313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
accident
-
-
-
359
income
-
-
-
21 639
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
33 579
Employee
15 876
-
63 813
-
other
15
-
40
-
income
3 061
-
20 165
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
22 693
-
Employer
15 876
-
63 813
-
accident
315
-
788
-
other
127
-
319
-
unemployment
873
-
2 188
-
pensions
3 746
-
9 392
-
total
5 061
-
12 687
-
Corporate
55 563
76 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

8 334
11 475
-
-
total
8 334
11 475
-
-
Dividends
47 228
65 025
-
-
withholding
9 950
14 043
-
-
total
9 950
14 043
-
-
Income
76 500
76 500
76 500
76 500
Total tax
27 413
25 518
35 380
33 579
After tax
49 087
50 982
41 120
42 921
Living cost
11 807
11 807
11 807
11 807
Free-cash
37 280
39 175
29 313
31 114

Estimated living cost  is ₴11807 per week

₴7969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴46561
₴46367
₴47860
₴47776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
25 986
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
27 465
Employee
1 790
-
75 536
-
health
90
-
214
-
income
346
-
25 941
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
26 584
-
Employer
1 790
-
75 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
74 307
76 500
-
-
income
16 348
16 830
-
-
total
16 348
16 830
-
-
Dividends
57 959
59 670
-
-
withholding
11 592
11 934
-
-
total
11 592
11 934
-
-
Income
76 500
76 500
76 500
76 500
Total tax
28 958
28 764
27 549
27 465
After tax
47 542
47 736
48 951
49 035
Living cost
1 175
1 175
1 175
1 175
Free-cash
46 367
46 561
47 776
47 860

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴47851
₴45741
₴39761
₴39761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
income
-
-
-
17 333
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
29 319
Employee

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

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

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

11 188
-
70 825
-
health
576
-
1 633
-
income
1 542
-
17 333
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
23 643
-
Employer

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

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

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

11 188
-
70 825
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
63 309
76 500
-
-
income
9 496
11 475
-
-
total
9 496
11 475
-
-
Dividends
53 813
65 025
-
-
withholding
8 072
9 754
-
-
total
8 072
9 754
-
-
Income
76 500
76 500
76 500
76 500
Total tax
23 339
21 229
29 319
29 319
After tax
53 161
55 271
47 181
47 181
Living cost
7 420
7 420
7 420
7 420
Free-cash
45 741
47 851
39 761
39 761

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴31938
₴31785
₴29338
₴23538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
income
-
-
-
9 003
surtax
-
-
-
-
social contributions

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

-
-
-
26 584
total
-
-
-
35 587
Employee
16 664
-
61 818
-
social contributions
1 833
-
6 800
-
surtax
-
-
-
-
income
3 256
-
19 905
-
total
5 089
-
26 705
-
Employer
16 664
-
61 818
-
social contributions
3 957
-
14 682
-
total
3 957
-
14 682
-
Corporate
55 878
76 500
-
-
surtax
-
-
-
-
income
11 734
16 065
-
-
total
11 734
16 065
-
-
Dividends
44 144
60 435
-
-
withholding
12 360
16 922
-
-
total
12 360
16 922
-
-
Income
76 500
76 500
76 500
76 500
Total tax
33 140
32 987
41 387
35 587
After tax
43 360
43 513
35 113
40 913
Living cost
11 575
11 575
11 575
11 575
Free-cash
31 785
31 938
23 538
29 338

Estimated living cost  is ₴11575 per week

₴8198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴35893
₴33083
₴27832
₴26031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
accident
-
-
-
359
income
-
-
-
21 639
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
33 579
Employee
20 736
-
63 813
-
other
20
-
40
-
income
4 331
-
20 165
-
pensions
974
-
1 871
-
unemployment
321
-
617
-
total
5 646
-
22 693
-
Employer
20 736
-
63 813
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 188
-
pensions
4 894
-
9 392
-
total
6 612
-
12 687
-
Corporate
49 153
76 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

7 373
11 475
-
-
total
7 373
11 475
-
-
Dividends
41 780
65 025
-
-
withholding
8 697
14 043
-
-
total
8 697
14 043
-
-
Income
76 500
76 500
76 500
76 500
Total tax
28 328
25 518
35 380
33 579
After tax
48 172
50 982
41 120
42 921
Living cost
15 089
15 089
15 089
15 089
Free-cash
33 083
35 893
26 031
27 832

Estimated living cost  is ₴15089 per week

₴10837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴58022
₴55405
₴53634
₴56643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
11 475
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
15 480
Employee
9 780
-
73 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
7 356
-
pensions

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

859
-
1 317
-
total
2 394
-
9 528
-
Employer
9 780
-
73 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
64 801
76 500
-
-
income
6 480
7 650
-
-
total
6 480
7 650
-
-
Dividends
58 321
68 850
-
-
withholding
2 916
3 442
-
-
total
2 916
3 442
-
-
Income
76 500
76 500
76 500
76 500
Total tax
13 709
11 092
12 471
15 480
After tax
62 791
65 408
64 029
61 020
Living cost
7 386
7 386
7 386
7 386
Free-cash
55 405
58 022
56 643
53 634

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴22793
₴28410
₴23828
₴31942
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
trade
-
-
-
8 114
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.

-
-
-
23 743
health

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

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

-
-
-
2 933
surtax

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

-
-
-
1 306
total
-
-
-
36 096
Employee

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

21 363
-
76 500
-
health

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

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

2 933
-
2 933
-
surtax

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

97
-
1 306
-
income

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

1 757
-
23 743
-
total
4 787
-
27 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 137
76 500
-
-
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.

455
631
-
-
income
8 271
11 475
-
-
trade
7 912
10 978
-
-
chamber of commerce
146
178
-
-
total
16 784
23 262
-
-
Dividends
38 353
53 238
-
-
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.

518
723
-
-
withholding
9 425
13 146
-
-
total
9 943
13 869
-
-
Income
76 500
76 500
76 500
76 500
Total tax
31 514
37 131
27 982
36 096
After tax
44 986
39 369
48 518
40 404
Living cost
16 576
16 576
16 576
16 576
Free-cash
28 410
22 793
31 942
23 828

Estimated living cost  is ₴16576 per week

₴11435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴29092
₴30040
₴15756
₴15756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
23 503
social contributions
-
-
-
12 783
total
-
-
-
36 286
Employee
33 585
-
76 500
-
income
6 337
-
23 503
-
social contributions
2 790
-
12 783
-
total
9 127
-
36 286
-
Employer
33 585
-
76 500
-
total
-
-
-
-
Corporate
42 915
76 500
-
-
income
5 365
9 562
-
-
total
5 365
9 562
-
-
Dividends
37 550
66 938
-
-
withholding
7 510
13 388
-
-
total
7 510
13 388
-
-
Income
76 500
76 500
76 500
76 500
Total tax
22 002
22 950
36 286
36 286
After tax
54 498
53 550
40 214
40 214
Living cost
24 458
24 458
24 458
24 458
Free-cash
30 040
29 092
15 756
15 756

Estimated living cost  is ₴24458 per week

₴18607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴31871
₴33373
₴45813
₴38754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
income
-
-
-
12 222
health

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

-
-
-
2 879
total
-
-
-
15 101
Employee
19 696
-
74 525
-
income
2 137
-
18 210
-
social contributions
1 973
-
1 975
-
total
4 110
-
20 185
-
Employer
19 696
-
74 525
-
social contributions
1 973
-
1 975
-
total
1 973
-
1 975
-
Corporate
54 830
76 500
-
-
income
19 190
26 775
-
-
total
19 190
26 775
-
-
Dividends
35 640
49 725
-
-
social contributions
2 268
2 268
-
-
total
2 268
2 268
-
-
Income
76 500
76 500
76 500
76 500
Total tax
27 541
29 043
22 160
15 101
After tax
48 959
47 457
54 340
61 399
Living cost
15 586
15 586
15 586
15 586
Free-cash
33 373
31 871
38 754
45 813

Estimated living cost  is ₴15586 per week

₴10266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴33983
₴36542
₴34649
₴27727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
income
-
-
-
21 903
pensions
-
-
-
3 896
total
-
-
-
25 799
Employee
22 034
-
66 824
-
health
287
-
967
-
income
4 013
-
17 288
-
pensions
1 682
-
4 789
-
total
5 982
-
23 044
-
Employer
22 034
-
66 824
-
pensions
2 226
-
8 407
-
health
419
-
1 270
-
total
2 645
-
9 677
-
Corporate
51 821
76 500
-
-
income

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

9 846
14 535
-
-
total
9 846
14 535
-
-
Dividends
41 976
61 965
-
-
withholding
5 433
11 930
-
-
total
5 433
11 930
-
-
Income
76 500
76 500
76 500
76 500
Total tax
23 906
26 465
32 721
25 799
After tax
52 594
50 035
43 779
50 701
Living cost
16 052
16 052
16 052
16 052
Free-cash
36 542
33 983
27 727
34 649

Estimated living cost  is ₴16052 per week

₴11012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴3957
₴4639
₴42137
₴31449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
accident
-
-
-
108
income
-
-
-
21 241
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
24 210
Employee
15 971
-
68 963
-
health
1 829
-
7 896
-
income
2 191
-
16 212
-
pensions
1 798
-
3 252
-
total
5 818
-
27 360
-
Employer
15 971
-
68 963
-
accident
267
-
1 152
-
unemployment
391
-
1 690
-
pensions
2 597
-
4 696
-
total
3 255
-
7 538
-
Corporate
57 274
76 500
-
-
income

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

51 547
68 850
-
-
total
51 547
68 850
-
-
Dividends
5 728
7 650
-
-
withholding
1 088
1 454
-
-
total
1 088
1 454
-
-
Income
76 500
76 500
76 500
76 500
Total tax
61 708
70 304
34 898
24 210
After tax
14 792
6 196
41 602
52 290
Living cost
10 153
10 153
10 153
10 153
Free-cash
4 639
-3 957
31 449
42 137

Estimated living cost  is ₴10153 per week

₴7451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴58588
₴56584
₴39242
₴48664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
76 500
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
12 629
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
31 471
Employee

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

9 259
-
76 500
-
work injury
46
-
171
-
income
926
-
12 629
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
22 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 241
76 500
-
-
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%.

672
765
-
-
total
672
765
-
-
Dividends
66 569
75 735
-
-
withholding
9 985
11 360
-
-
total
9 985
11 360
-
-
Income
76 500
76 500
76 500
76 500
Total tax
14 129
12 125
22 049
31 471
After tax
62 371
64 375
54 451
45 029
Living cost
5 787
5 787
5 787
5 787
Free-cash
56 584
58 588
48 664
39 242

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴23190
₴21238
₴18500
₴15142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
76 500
municipal
-
-
-
512
regional
-
-
-
1 753
national
-
-
-
18 955
social contributions
-
-
-
19 676
total
-
-
-
40 896
Employee
36 180
-
76 500
-
social contributions
12 200
-
25 796
-
regional
546
-
1 556
-
municipal
216
-
456
-
national
6 114
-
16 446
-
total
19 076
-
44 254
-
Employer
36 180
-
76 500
-
total
-
-
-
-
Corporate
40 320
76 500
-
-
nationa
9 677
18 360
-
-
municipal
1 943
3 688
-
-
total
11 620
22 048
-
-
Dividends
28 700
54 452
-
-
withholding
7 462
14 158
-
-
total
7 462
14 158
-
-
Income
76 500
76 500
76 500
76 500
Total tax
38 158
36 206
44 254
40 896
After tax
38 342
40 294
32 246
35 604
Living cost
17 104
17 104
17 104
17 104
Free-cash
21 238
23 190
15 142
18 500

Estimated living cost  is ₴17104 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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