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
₴ 78500
per

Your estimated
City
free-cash

Dresden , Germany
₴30153
₴35599
₴24715
₴26835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
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.

-
-
-
3 358
trade
-
-
-
8 764
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.

-
-
-
23 367
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.

-
-
-
1 286
total
-
-
-
36 775
Employee

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

18 803
-
78 500
-
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.

3 358
-
3 358
-
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.

525
-
23 367
-
surtax

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

29
-
1 286
-
total
3 912
-
28 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 697
78 500
-
-
income
8 955
11 775
-
-
chamber of commerce
160
188
-
-
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.

493
647
-
-
trade
9 403
12 364
-
-
total
19 011
24 974
-
-
Dividends
40 686
53 526
-
-
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.

549
726
-
-
withholding
9 985
13 195
-
-
total
10 534
13 921
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 457
38 895
28 011
36 775
After tax
45 043
39 605
50 489
41 725
Living cost
14 890
14 890
14 890
14 890
Free-cash
30 153
24 715
35 599
26 835

Estimated living cost  is ₴14890 per week

₴9366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
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.
₴3510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23059
₴21608
₴23483
₴20992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
844
municipal
-
-
-
8 528
pensions
-
-
-
9 420
national
-
-
-
13 215
total
-
-
-
32 007
Employee
39 531
-
67 863
-
pensions
1 581
-
2 714
-
municipal
4 883
-
8 832
-
national
7 566
-
13 686
-
total
14 030
-
25 232
-
Employer
39 531
-
67 863
-
pensions
3 163
-
5 429
-
social contributions
425
-
730
-
total
3 588
-
6 159
-
Corporate
32 772
78 500
-
-
income

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

6 554
15 700
-
-
total
6 554
15 700
-
-
Dividends
26 218
62 800
-
-
withholding
5 768
13 816
-
-
total
5 768
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 940
29 516
31 391
32 007
After tax
48 560
48 984
47 109
46 493
Living cost
25 501
25 501
25 501
25 501
Free-cash
23 059
23 483
21 608
20 992

Estimated living cost  is ₴25501 per week

₴17333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48541
₴37014
₴52573
₴16167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
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.

-
-
-
18 835
income
-
-
-
13 254
surtax
-
-
-
20 017
microenterprise
-
-
-
-
total
-
-
-
52 106
Employee
14 365
-
57 269
-
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.

1 580
-
6 300
-
income
2 557
-
11 163
-
surtax
-
-
-
-
total
4 137
-
17 463
-
Employer
14 365
-
57 269
-
surtax
-
-
-
-
social contributions

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

3 460
-
13 796
-
total
3 460
-
13 796
-
Corporate
60 675
78 500
-
-
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%.

12 135
15 700
-
-
total
12 135
15 700
-
-
Dividends

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

48 540
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
19 732
15 700
31 259
52 106
After tax
58 768
62 800
47 241
26 394
Living cost
10 227
10 227
10 227
10 227
Free-cash
48 541
52 573
37 014
16 167

Estimated living cost  is ₴10227 per week

₴6525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Riga model

Close
Rotterdam , Netherlands
₴15137
₴27572
₴18151
₴23307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
6 062
income
-
-
-
22 777
pensions
-
-
-
5 760
total
-
-
-
34 599
Employee
41 981
41 981
69 364
-
pensions
7 557
5 760
5 760
-
health
6 444
5 481
6 062
-
income

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

6 872
6 872
9 376
-
total
20 873
18 113
21 198
-
Employer
41 981
41 981
69 364
-
pensions
2 922
2 922
3 632
-
health
2 918
2 918
3 626
-
unemployment
1 511
1 511
1 878
-
total
7 351
7 351
9 136
-
Corporate
29 683
29 168
-
-
income
5 937
5 833
-
-
total
5 937
5 833
-
-
Dividends
23 746
23 334
-
-
income
5 046
4 958
-
-
withholding
3 562
3 500
-
-
total
8 608
8 458
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 769
39 755
30 334
34 599
After tax
35 731
38 745
48 166
43 901
Living cost
20 594
20 594
20 594
20 594
Free-cash
15 137
18 151
27 572
23 307

Estimated living cost  is ₴20594 per week

₴14594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22282
₴20331
₴22733
₴20819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
88
health
-
-
-
2 753
municipal
-
-
-
19 598
pensions
-
-
-
4 769
other
-
-
-
5 126
unemployment
-
-
-
44
national
-
-
-
5 175
total
-
-
-
37 553
Employee
28 680
-
64 640
-
municipal
8 552
-
19 276
-
national
-
-
4 904
-
total
8 552
-
24 180
-
Employer
28 680
-
64 640
-
pensions
3 100
-
4 769
-
other
3 333
-
5 126
-
health
1 764
-
2 713
-
unemployment
757
-
1 165
-
accident
57
-
88
-
total
9 011
-
13 861
-
Corporate
40 809
78 500
-
-
income
8 978
17 270
-
-
total
8 978
17 270
-
-
Dividends
31 831
61 230
-
-
withholding
9 549
18 369
-
-
total
9 549
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 090
35 639
38 041
37 553
After tax
42 410
42 861
40 459
40 947
Living cost
20 128
20 128
20 128
20 128
Free-cash
22 282
22 733
20 331
20 819

Estimated living cost  is ₴20128 per week

₴13340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26797
₴31177
₴19890
₴22023
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
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.

-
-
-
3 358
trade
-
-
-
9 154
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.

-
-
-
23 367
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.

-
-
-
1 286
total
-
-
-
37 165
Employee

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

24 930
-
78 500
-
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.

3 358
-
3 358
-
income

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

2 142
-
23 367
-
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.

118
-
1 286
-
total
5 618
-
28 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 570
78 500
-
-
income
8 035
11 775
-
-
chamber of commerce
151
187
-
-
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.

442
647
-
-
trade
8 812
12 913
-
-
total
17 440
25 522
-
-
Dividends
36 129
52 978
-
-
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.

487
718
-
-
withholding
8 846
13 058
-
-
total
9 333
13 776
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 391
39 298
28 011
37 165
After tax
46 109
39 202
50 489
41 335
Living cost
19 312
19 312
19 312
19 312
Free-cash
26 797
19 890
31 177
22 023

Estimated living cost  is ₴19312 per week

₴12916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39309
₴37402
₴41348
₴38115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
7 954
health
-
-
-
2 002
income
-
-
-
14 484
total
-
-
-
24 440
Employee
37 802
37 802
72 919
-
health
376
643
1 240
-
social contributions
1 837
3 137
4 232
-
income
3 970
3 499
14 100
-
total
6 183
7 279
19 572
-
Employer
37 802
37 802
72 919
-
health
410
700
1 349
-
social contributions
1 837
3 137
4 232
-
total
2 247
3 837
5 581
-
Corporate
54 126
36 861
-
-
income
6 765
4 608
-
-
total
6 765
4 608
-
-
Dividends
47 361
32 253
-
-
withholding
8 051
5 483
-
-
total
8 051
5 483
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 246
21 207
25 153
24 440
After tax
55 254
57 293
53 347
54 060
Living cost
15 945
15 945
15 945
15 945
Free-cash
39 309
41 348
37 402
38 115

Estimated living cost  is ₴15945 per week

₴10900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1245
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35204
₴36404
₴35015
₴45278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
5 495
income
-
-
-
9 597
pensions
-
-
-
7 850
unemployment
-
-
-
1 177
total
-
-
-
24 119
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.

13 140
5 230
65 690
-
unemployment
197
78
985
-
pensions
1 314
523
6 569
-
health
920
366
4 598
-
income
1 606
639
8 031
-
total
4 037
1 606
20 183
-
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.

13 140
5 230
65 690
-
pensions
2 562
1 020
12 810
-
total
2 562
1 020
12 810
-
Corporate
62 798
72 251
-
-
income
5 652
6 503
-
-
total
5 652
6 503
-
-
Dividends
57 146
65 748
-
-
social contributions
11 084
12 761
-
-
withholding
10 858
12 492
-
-
total
21 942
25 253
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 193
34 382
32 993
24 119
After tax
44 307
44 118
45 507
54 381
Living cost
9 103
9 103
9 103
9 103
Free-cash
35 204
35 015
36 404
45 278

Estimated living cost  is ₴9103 per week

₴6212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47872
₴33372
₴50926
₴30202
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
10 205
income
-
-
-
10 519
pensions
-
-
-
15 700
total
-
-
-
36 424
Employee
13 946
-
58 669
-
unemployment
223
-
939
-
pensions
279
-
1 174
-
income
1 570
-
11 311
-
total
2 072
-
13 424
-
Employer
13 946
-
58 669
-
pensions
2 789
-
11 734
-
health
1 813
-
7 627
-
unemployment
112
-
469
-
total
4 714
-
19 830
-
Corporate
59 840
78 500
-
-
income
11 968
15 700
-
-
total
11 968
15 700
-
-
Dividends
47 872
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 754
15 700
33 254
36 424
After tax
59 746
62 800
45 246
42 076
Living cost
11 874
11 874
11 874
11 874
Free-cash
47 872
50 926
33 372
30 202

Estimated living cost  is ₴11874 per week

₴8144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴707
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.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4680
₴31369
-₴4589
₴42748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
21 338
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
24 804
Employee
17 222
-
70 128
-
pensions
1 939
-
3 797
-
health
1 972
-
8 030
-
income
2 363
-
15 984
-
total
6 274
-
27 811
-
Employer
17 222
-
70 128
-
pensions
2 800
-
5 483
-
unemployment
422
-
1 718
-
accident
287
-
1 171
-
total
3 509
-
8 372
-
Corporate
57 768
78 500
-
-
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.

51 991
70 650
-
-
total
51 991
70 650
-
-
Dividends
5 777
7 850
-
-
withholding
1 098
1 491
-
-
total
1 098
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 872
72 141
36 183
24 804
After tax
15 628
6 359
42 317
53 696
Living cost
10 948
10 948
10 948
10 948
Free-cash
4 680
-4 589
31 369
42 748

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69761
₴58746
₴70521
₴73661
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
78 500
microenterprise

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

-
-
-
785
total
-
-
-
785
Employee
5 068
-
78 500
-
income
1 013
-
15 700
-
total
1 013
-
15 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

73 432
78 500
-
-
total
-
-
-
-
Dividends
73 432
78 500
-
-
withholding
3 672
3 925
-
-
total
3 672
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
4 685
3 925
15 700
785
After tax
73 815
74 575
62 800
77 715
Living cost
4 054
4 054
4 054
4 054
Free-cash
69 761
70 521
58 746
73 661

Estimated living cost  is ₴4054 per week

₴2512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41254
₴31587
₴44575
₴29269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
3 289
income
-
-
-
11 350
pensions

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

-
-
-
17 942
other
-
-
-
3 551
total
-
-
-
36 132
Employee
17 850
-
62 700
-
unemployment
178
-
627
-
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.

1 249
-
4 388
-
health
250
-
878
-
income
3 073
-
12 121
-
total
4 750
-
18 014
-
Employer
17 850
-
62 700
-
pensions

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

3 035
-
10 658
-
other
893
-
3 135
-
health
250
-
878
-
unemployment
178
-
627
-
accident
143
-
502
-
total
4 499
-
15 800
-
Corporate
56 152
78 500
-
-
income
11 792
16 485
-
-
total
11 792
16 485
-
-
Dividends
44 360
62 015
-
-
withholding
3 106
4 341
-
-
total
3 106
4 341
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 147
20 826
33 814
36 132
After tax
54 353
57 674
44 686
42 368
Living cost
13 099
13 099
13 099
13 099
Free-cash
41 254
44 575
31 587
29 269

Estimated living cost  is ₴13099 per week

₴9255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20038
₴13212
₴19886
₴20353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
21 773
pensions
-
-
-
4 203
total
-
-
-
25 976
Employee
45 517
-
68 632
-
pensions
4 391
-
5 216
-
health
750
-
1 019
-
income
8 205
-
17 014
-
total
13 346
-
23 249
-
Employer
45 517
-
68 632
-
pensions
5 374
-
8 564
-
health
864
-
1 304
-
total
6 238
-
9 868
-
Corporate
26 744
78 500
-
-
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.

5 082
14 915
-
-
total
5 082
14 915
-
-
Dividends
21 663
63 585
-
-
withholding
1 625
11 528
-
-
total
1 625
11 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 291
26 443
33 117
25 976
After tax
52 209
52 057
45 383
52 524
Living cost
32 171
32 171
32 171
32 171
Free-cash
20 038
19 886
13 212
20 353

Estimated living cost  is ₴32171 per week

₴24106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3780
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴58389
₴58686
₴60673
₴55695
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
1 975
income
-
-
-
11 775
pensions

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

-
-
-
2 541
unemployment
-
-
-
69
total
-
-
-
16 360
Employee
8 534
-
75 131
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 508
-
health
393
-
790
-
income
853
-
7 513
-
total
2 089
-
10 000
-
Employer
8 534
-
75 131
-
pensions

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

941
-
1 892
-
health
589
-
1 185
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
total
1 675
-
3 369
-
Corporate
68 291
78 500
-
-
income
6 829
7 850
-
-
total
6 829
7 850
-
-
Dividends
61 462
70 650
-
-
withholding
3 073
3 532
-
-
total
3 073
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 666
11 382
13 369
16 360
After tax
64 834
67 118
65 131
62 140
Living cost
6 445
6 445
6 445
6 445
Free-cash
58 389
60 673
58 686
55 695

Estimated living cost  is ₴6445 per week

₴3763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12721
₴20906
₴11485
₴16641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
6 062
income
-
-
-
22 777
pensions
-
-
-
5 760
total
-
-
-
34 599
Employee
45 578
41 981
69 364
-
pensions
5 760
5 760
5 760
-
health
5 686
5 481
6 062
-
income

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

6 872
6 872
9 376
-
total
18 318
18 113
21 198
-
Employer
45 578
41 981
69 364
-
pensions
3 172
2 922
3 632
-
health
3 167
2 918
3 626
-
unemployment
1 641
1 511
1 878
-
total
7 980
7 351
9 136
-
Corporate
24 942
29 168
-
-
income
4 988
5 833
-
-
total
4 988
5 833
-
-
Dividends
19 954
23 334
-
-
income
4 240
4 958
-
-
withholding
2 993
3 500
-
-
total
7 233
8 458
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 519
39 755
30 334
34 599
After tax
39 981
38 745
48 166
43 901
Living cost
27 260
27 260
27 260
27 260
Free-cash
12 721
11 485
20 906
16 641

Estimated living cost  is ₴27260 per week

₴20109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37479
₴27623
₴41835
₴30568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
17 572
health
-
-
-
10 598
income
-
-
-
7 550
solidarity contribution
-
-
-
-
total
-
-
-
35 720
Employee
17 958
-
58 582
-
solidarity contribution
-
-
-
-
health
2 424
-
7 909
-
social contributions
1 167
-
3 808
-
income
2 155
-
7 030
-
total
5 746
-
18 747
-
Employer
17 958
-
58 582
-
health
1 616
-
5 272
-
social contributions
4 490
-
14 646
-
total
6 106
-
19 918
-
Corporate
54 436
78 500
-
-
income
10 343
14 915
-
-
total
10 343
14 915
-
-
Dividends
44 093
63 585
-
-
withholding
6 614
9 538
-
-
total
6 614
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 809
24 453
38 665
35 720
After tax
49 691
54 047
39 835
42 780
Living cost
12 212
12 212
12 212
12 212
Free-cash
37 479
41 835
27 623
30 568

Estimated living cost  is ₴12212 per week

₴8482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
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.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18573
₴13702
₴21138
₴17248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
20 190
municipal
-
-
-
466
regional
-
-
-
918
national
-
-
-
18 934
total
-
-
-
40 508
Employee
43 691
-
78 500
-
regional
412
-
809
-
municipal
231
-
416
-
national
7 571
-
16 359
-
social contributions
14 732
-
26 470
-
total
22 946
-
44 054
-
Employer
43 691
-
78 500
-
total
-
-
-
-
Corporate
34 809
78 500
-
-
municipal
1 357
3 062
-
-
nationa
8 354
18 840
-
-
total
9 711
21 902
-
-
Dividends
25 098
56 598
-
-
withholding
6 526
14 716
-
-
total
6 526
14 716
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 183
36 618
44 054
40 508
After tax
39 317
41 882
34 446
37 992
Living cost
20 744
20 744
20 744
20 744
Free-cash
18 573
21 138
13 702
17 248

Estimated living cost  is ₴20744 per week

₴14460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
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.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36999
₴23437
₴38529
₴26407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
4 658
income
-
-
-
20 370
surtax
-
-
-
2 983
pensions
-
-
-
13 122
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
41 245
Employee
16 257
-
64 849
-
unemployment
1 132
-
4 513
-
pensions
1 084
-
4 325
-
health
415
-
1 654
-
income
2 725
-
17 557
-
other
-
-
-
-
surtax
53
-
2 515
-
total
5 409
-
30 564
-
Employer
16 257
-
64 849
-
pensions
2 167
-
8 644
-
other
-
-
-
-
health
740
-
2 951
-
unemployment
515
-
2 056
-
total
3 422
-
13 651
-
Corporate
58 821
78 500
-
-
income
15 293
20 410
-
-
total
15 293
20 410
-
-
Dividends
43 528
58 090
-
-
withholding
6 529
8 713
-
-
total
6 529
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 653
29 123
44 215
41 245
After tax
47 847
49 377
34 285
37 255
Living cost
10 848
10 848
10 848
10 848
Free-cash
36 999
38 529
23 437
26 407

Estimated living cost  is ₴10848 per week

₴6633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
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.
₴2964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33053
₴23405
₴30079
₴30546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
21 773
pensions
-
-
-
4 203
total
-
-
-
25 976
Employee
30 504
-
68 632
-
pensions
2 589
-
5 216
-
health
443
-
1 019
-
income
5 494
-
17 014
-
total
8 526
-
23 249
-
Employer
30 504
-
68 632
-
pensions
3 302
-
8 564
-
health
579
-
1 304
-
total
3 881
-
9 868
-
Corporate
44 114
78 500
-
-
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.

8 382
14 915
-
-
total
8 382
14 915
-
-
Dividends
35 732
63 585
-
-
withholding
2 680
11 528
-
-
total
2 680
11 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 469
26 443
33 117
25 976
After tax
55 031
52 057
45 383
52 524
Living cost
21 978
21 978
21 978
21 978
Free-cash
33 053
30 079
23 405
30 546

Estimated living cost  is ₴21978 per week

₴16466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13592
₴21316
-₴3085
₴25130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
176
pensions
-
-
-
7 223
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.

-
-
-
1 570
regional
-
-
-
3 586
city
-
-
-
827
national
-
-
-
1 006
total
-
-
-
14 388
Employee
45 619
-
70 262
-
unemployment
-
-
-
-
pensions
3 833
-
5 901
-
regional
1 494
-
3 098
-
national
216
-
825
-
health
103
-
158
-
city
490
-
755
-
total
6 136
-
10 737
-
Employer
45 619
-
70 262
-
pensions
3 833
-
5 901
-
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.

912
-
1 406
-
health
103
-
158
-
unemployment
-
-
-
-
total
4 848
-
7 465
-
Corporate
27 531
78 500
-
-
regional
5 823
16 603
-
-
national
2 340
6 672
-
-
total
8 163
23 275
-
-
Dividends
19 369
55 225
-
-
withholding
6 779
19 328
-
-
total
6 779
19 328
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 926
42 603
18 202
14 388
After tax
52 574
35 897
60 298
64 112
Living cost
38 982
38 982
38 982
38 982
Free-cash
13 592
-3 085
21 316
25 130

Estimated living cost  is ₴38982 per week

₴25350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3498
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24251
₴27968
₴16277
₴18425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
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.

-
-
-
3 358
trade
-
-
-
9 543
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.

-
-
-
23 367
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.

-
-
-
1 286
total
-
-
-
37 554
Employee

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

29 544
-
78 500
-
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.

3 358
-
3 358
-
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.

3 474
-
23 367
-
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.

191
-
1 286
-
total
7 023
-
28 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 956
78 500
-
-
income
7 343
11 775
-
-
chamber of commerce
144
185
-
-
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.

404
647
-
-
trade
8 396
13 463
-
-
total
16 287
26 070
-
-
Dividends
32 669
52 430
-
-
surtax

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

438
711
-
-
withholding
7 980
12 921
-
-
total
8 418
13 632
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 728
39 702
28 011
37 554
After tax
46 772
38 798
50 489
40 946
Living cost
22 521
22 521
22 521
22 521
Free-cash
24 251
16 277
27 968
18 425

Estimated living cost  is ₴22521 per week

₴16448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1801
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25649
₴27223
₴22744
₴27549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
2 236
health
-
-
-
3 066
income
-
-
-
11 627
surtax
-
-
-
-
pensions
-
-
-
14 769
other
-
-
-
2 434
total
-
-
-
34 132
Employee
21 040
-
61 279
-
pensions
2 379
-
4 043
-
social contributions
600
-
1 746
-
income
1 242
-
11 449
-
surtax
-
-
-
-
total
4 221
-
17 238
-
Employer
21 040
-
61 279
-
pensions
3 456
-
6 846
-
other
726
-
2 297
-
health
1 473
-
5 411
-
unemployment
852
-
2 482
-
social contributions
63
-
184
-
total
6 570
-
17 220
-
Corporate
50 890
78 500
-
-
income
14 249
21 980
-
-
surtax
-
-
-
-
total
14 249
21 980
-
-
Dividends
36 640
56 520
-
-
surtax
-
-
-
-
social contributions
6 302
9 722
-
-
withholding
4 690
7 235
-
-
total
10 992
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 032
38 937
34 458
34 132
After tax
42 468
39 563
44 042
44 368
Living cost
16 819
16 819
16 819
16 819
Free-cash
25 649
22 744
27 223
27 549

Estimated living cost  is ₴16819 per week

₴10605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27144
₴28889
₴24410
₴29215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
2 236
health
-
-
-
3 066
income
-
-
-
11 627
surtax
-
-
-
-
pensions
-
-
-
14 769
other
-
-
-
2 434
total
-
-
-
34 132
Employee
18 781
-
61 279
-
pensions
2 124
-
4 043
-
social contributions
535
-
1 746
-
income
968
-
11 449
-
surtax
-
-
-
-
total
3 627
-
17 238
-
Employer
18 781
-
61 279
-
pensions
3 086
-
6 846
-
other
648
-
2 297
-
health
1 314
-
5 411
-
unemployment
760
-
2 482
-
social contributions
56
-
184
-
total
5 864
-
17 220
-
Corporate
53 854
78 500
-
-
income
15 080
21 980
-
-
surtax
-
-
-
-
total
15 080
21 980
-
-
Dividends
38 774
56 520
-
-
surtax
-
-
-
-
social contributions
6 669
9 722
-
-
withholding
4 963
7 235
-
-
total
11 632
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 203
38 937
34 458
34 132
After tax
42 297
39 563
44 042
44 368
Living cost
15 153
15 153
15 153
15 153
Free-cash
27 144
24 410
28 889
29 215

Estimated living cost  is ₴15153 per week

₴8788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4539
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37723
₴38608
₴37467
₴39989
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
10 833
health
-
-
-
5 479
income
-
-
-
11 775
total
-
-
-
28 087
Employee
16 668
-
78 500
-
health
1 163
-
5 479
-
social contributions
2 301
-
10 833
-
income
2 780
-
13 156
-
total
6 244
-
29 468
-
Employer
16 668
-
78 500
-
total
-
-
-
-
Corporate
61 832
78 500
-
-
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%.

3 092
3 925
-
-
total
3 092
3 925
-
-
Dividends
58 740
74 575
-
-
health
4 100
5 206
-
-
social contributions
8 106
10 292
-
-
withholding
8 811
11 186
-
-
total
21 017
26 684
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 353
30 609
29 468
28 087
After tax
48 147
47 891
49 032
50 413
Living cost
10 424
10 424
10 424
10 424
Free-cash
37 723
37 467
38 608
39 989

Estimated living cost  is ₴10424 per week

₴6976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴643
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.
₴2565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25430
₴3308
₴26189
₴22946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
4 393
surtax
-
-
-
97
income
-
-
-
19 788
chamber of commerce
-
-
-
314
pensions
-
-
-
10 625
unemployment
-
-
-
3 015
total
-
-
-
38 232
Employee
24 568
19 591
61 572
-
unemployment
737
588
1 723
-
pensions
2 516
2 006
5 881
-
health
951
758
2 222
-
income
2 797
1 445
15 615
-
other
245
196
575
-
total
7 246
4 993
26 016
-
Employer
24 568
19 591
61 572
-
chamber of commerce
98
78
246
-
pensions
3 083
2 459
7 208
-
other
1 167
930
2 889
-
health
928
741
2 171
-
unemployment
737
588
1 723
-
accident
319
255
746
-
surtax
97
97
97
-
payroll
737
588
1 847
-
total
7 166
5 736
16 927
-
Corporate
46 765
53 173
59 707
-
income

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

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

11 691
13 293
14 927
-
total
11 691
13 293
14 927
-
Dividends
35 074
39 880
-
-
withholding
9 645
10 967
-
-
total
9 645
10 967
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 748
34 989
57 870
38 232
After tax
42 752
43 511
20 630
40 268
Living cost
17 322
17 322
17 322
17 322
Free-cash
25 430
26 189
3 308
22 946

Estimated living cost  is ₴17322 per week

₴11553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18624
₴10166
₴25995
₴16085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
12 194
communal

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

-
-
-
3 978
national
-
-
-
28 319
total
-
-
-
44 491
Employee

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

35 165
-
60 800
-
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.

306
-
529
-
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.

2 637
-
4 560
-
national
10 811
-
21 593
-
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.

1 652
-
2 857
-
communal

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

1 834
-
3 171
-
total
17 240
-
32 710
-
Employer

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

35 165
-
60 800
-
pensions

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

3 116
-
5 387
-
health

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

2 162
-
3 740
-
unemployment

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

513
-
888
-
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.

457
-
791
-
surtax
3 987
-
6 894
-
total
10 235
-
17 700
-
Corporate
33 100
78 500
-
-
income
6 620
15 700
-
-
surtax
132
314
-
-
total
6 752
16 014
-
-
Dividends
26 347
62 486
-
-
withholding

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

7 725
18 567
-
-
total
7 725
18 567
-
-
Income
78 500
78 500
78 500
78 500
Total tax
41 952
34 581
50 410
44 491
After tax
36 548
43 919
28 090
34 009
Living cost
17 924
17 924
17 924
17 924
Free-cash
18 624
25 995
10 166
16 085

Estimated living cost  is ₴17924 per week

₴11546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31155
₴24327
₴34670
₴26390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
410
income
-
-
-
20 686
pensions
-
-
-
12 895
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
34 356
Employee
24 471
-
63 974
-
unemployment
380
-
706
-
pensions
1 150
-
2 142
-
income
5 163
-
18 998
-
other
24
-
46
-
total
6 717
-
21 892
-
Employer
24 471
-
63 974
-
pensions
5 775
-
10 754
-
other
195
-
365
-
unemployment
1 346
-
2 506
-
accident
484
-
902
-
total
7 800
-
14 527
-
Corporate
46 229
78 500
-
-
income

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

6 934
11 775
-
-
total
6 934
11 775
-
-
Dividends
39 295
66 725
-
-
withholding
8 140
14 301
-
-
total
8 140
14 301
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 591
26 076
36 419
34 356
After tax
48 909
52 424
42 081
44 144
Living cost
17 754
17 754
17 754
17 754
Free-cash
31 155
34 670
24 327
26 390

Estimated living cost  is ₴17754 per week

₴13074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1259
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.
₴3164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13792
₴16130
₴19686
₴13002
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
661
health
-
-
-
5 515
income
-
-
-
11 987
surtax
-
-
-
3 892
pensions
-
-
-
11 766
communal
-
-
-
4 961
total
-
-
-
38 782
Employee
37 229
-
70 121
-
pensions
2 978
-
5 610
-
health
1 657
-
3 121
-
income
3 596
-
14 246
-
surtax
2 282
-
4 297
-
total
10 513
-
27 274
-
Employer
37 229
-
70 121
-
pensions
2 978
-
5 610
-
health
1 135
-
2 139
-
accident
335
-
631
-
total
4 448
-
8 380
-
Corporate
36 823
78 500
-
-
income
5 524
11 775
-
-
communal
2 485
5 299
-
-
surtax
386
825
-
-
total
8 395
17 899
-
-
Dividends
28 428
60 601
-
-
income
10 372
5 109
-
-
withholding
4 264
9 090
-
-
total
14 636
14 199
-
-
Income
78 500
78 500
78 500
78 500
Total tax
37 992
32 098
35 654
38 782
After tax
40 508
46 402
42 846
39 718
Living cost
26 716
26 716
26 716
26 716
Free-cash
13 792
19 686
16 130
13 002

Estimated living cost  is ₴26716 per week

₴20041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36770
₴23243
₴38335
₴26213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
4 658
income
-
-
-
20 370
surtax
-
-
-
2 983
pensions
-
-
-
13 122
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
41 245
Employee
16 555
-
64 849
-
unemployment
1 152
-
4 513
-
pensions
1 105
-
4 325
-
health
423
-
1 654
-
income
2 775
-
17 557
-
other
-
-
-
-
surtax
59
-
2 515
-
total
5 514
-
30 564
-
Employer
16 555
-
64 849
-
pensions
2 207
-
8 644
-
other
-
-
-
-
health
753
-
2 951
-
unemployment
525
-
2 056
-
total
3 485
-
13 651
-
Corporate
58 459
78 500
-
-
income
15 200
20 410
-
-
total
15 200
20 410
-
-
Dividends
43 259
58 090
-
-
withholding
6 489
8 713
-
-
total
6 489
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 688
29 123
44 215
41 245
After tax
47 812
49 377
34 285
37 255
Living cost
11 042
11 042
11 042
11 042
Free-cash
36 770
38 335
23 243
26 213

Estimated living cost  is ₴11042 per week

₴6667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26926
₴20955
₴28019
₴24484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
20 190
municipal
-
-
-
466
regional
-
-
-
1 183
national
-
-
-
18 934
total
-
-
-
40 773
Employee
27 270
-
78 500
-
regional
367
-
1 057
-
municipal
145
-
416
-
national
4 320
-
16 359
-
social contributions
9 196
-
26 470
-
total
14 028
-
44 302
-
Employer
27 270
-
78 500
-
total
-
-
-
-
Corporate
51 230
78 500
-
-
municipal
2 546
3 901
-
-
nationa
12 295
18 840
-
-
total
14 841
22 741
-
-
Dividends
36 389
55 759
-
-
withholding
9 462
14 497
-
-
total
9 462
14 497
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 331
37 238
44 302
40 773
After tax
40 169
41 262
34 198
37 727
Living cost
13 243
13 243
13 243
13 243
Free-cash
26 926
28 019
20 955
24 484

Estimated living cost  is ₴13243 per week

₴8236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33631
₴24787
₴38999
₴27732
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
17 572
health
-
-
-
10 598
income
-
-
-
7 550
solidarity contribution
-
-
-
-
total
-
-
-
35 720
Employee
22 129
-
58 582
-
solidarity contribution
-
-
-
-
health
2 987
-
7 909
-
social contributions
1 438
-
3 808
-
income
2 656
-
7 030
-
total
7 081
-
18 747
-
Employer
22 129
-
58 582
-
health
1 992
-
5 272
-
social contributions
5 532
-
14 646
-
total
7 524
-
19 918
-
Corporate
48 847
78 500
-
-
income
9 281
14 915
-
-
total
9 281
14 915
-
-
Dividends
39 566
63 585
-
-
withholding
5 935
9 538
-
-
total
5 935
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 821
24 453
38 665
35 720
After tax
48 679
54 047
39 835
42 780
Living cost
15 048
15 048
15 048
15 048
Free-cash
33 631
38 999
24 787
27 732

Estimated living cost  is ₴15048 per week

₴11191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27635
₴4977
₴27880
₴24681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
4 393
surtax
-
-
-
-
income
-
-
-
19 788
chamber of commerce
-
-
-
314
pensions
-
-
-
10 625
unemployment
-
-
-
3 015
total
-
-
-
38 135
Employee
21 489
19 591
61 663
-
unemployment
645
588
1 723
-
pensions
2 201
2 006
5 881
-
health
831
758
2 222
-
income
1 914
1 445
15 652
-
other
215
196
575
-
total
5 806
4 993
26 053
-
Employer
21 489
19 591
61 663
-
chamber of commerce
86
78
246
-
pensions
2 697
2 459
7 208
-
other
1 021
930
2 893
-
health
813
741
2 171
-
unemployment
645
588
1 723
-
accident
279
255
746
-
surtax
-
-
-
-
payroll
645
588
1 850
-
total
6 186
5 639
16 837
-
Corporate
50 826
53 270
59 797
-
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.

12 706
13 317
14 949
-
total
12 706
13 317
14 949
-
Dividends
38 120
39 953
-
-
withholding
10 483
10 987
-
-
total
10 483
10 987
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 181
34 936
57 839
38 135
After tax
43 319
43 564
20 661
40 365
Living cost
15 684
15 684
15 684
15 684
Free-cash
27 635
27 880
4 977
24 681

Estimated living cost  is ₴15684 per week

₴9408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4394
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67072
₴56482
₴68257
₴71397
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
78 500
microenterprise

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

-
-
-
785
total
-
-
-
785
Employee
7 897
-
78 500
-
income
1 580
-
15 700
-
total
1 580
-
15 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

70 603
78 500
-
-
total
-
-
-
-
Dividends
70 603
78 500
-
-
withholding
3 530
3 925
-
-
total
3 530
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 110
3 925
15 700
785
After tax
73 390
74 575
62 800
77 715
Living cost
6 318
6 318
6 318
6 318
Free-cash
67 072
68 257
56 482
71 397

Estimated living cost  is ₴6318 per week

₴4275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36747
₴23484
₴40861
₴25565
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
health
-
-
-
7 724
income
-
-
-
17 571
pensions
-
-
-
14 336
unemployment
-
-
-
118
total
-
-
-
39 749
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.

21 739
-
67 924
-
unemployment
31
-
95
-
pensions
3 370
-
10 528
-
health
1 404
-
4 388
-
income
3 749
-
16 242
-
total
8 554
-
31 253
-
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.

21 739
-
67 924
-
pensions
1 924
-
6 012
-
health
1 448
-
4 524
-
unemployment
13
-
41
-
total
3 385
-
10 577
-
Corporate
53 377
78 500
-
-
income
10 142
14 915
-
-
total
10 142
14 915
-
-
Dividends
43 235
63 585
-
-
withholding
6 486
9 538
-
-
total
6 486
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 567
24 453
41 830
39 749
After tax
49 933
54 047
36 670
38 751
Living cost
13 186
13 186
13 186
13 186
Free-cash
36 747
40 861
23 484
25 565

Estimated living cost  is ₴13186 per week

₴9049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
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.
₴3037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3056
₴50754
₴26496
₴32987
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
8 949
income
-
-
-
15 301
total
-
-
-
24 250
Employee
30 489
-
-
-
social contributions
2 500
-
356
-
income
6 725
-
-
-
total
9 225
-
356
-
Employer
30 489
-
-
-
social contributions
42 989
-
6 127
-
total
42 989
-
6 127
-
Corporate
5 022
78 500
-
-
income
1 105
17 270
-
-
total
1 105
17 270
-
-
Dividends
3 917
61 230
-
-
income
862
13 471
-
-
total
862
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
54 181
30 741
6 483
24 250
After tax
24 319
47 759
72 017
54 250
Living cost
21 263
21 263
21 263
21 263
Free-cash
3 056
26 496
50 754
32 987

Estimated living cost  is ₴21263 per week

₴13797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28736
₴21188
₴29231
₴26917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
social contributions

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

-
-
-
27 279
income
-
-
-
8 884
surtax
-
-
-
-
total
-
-
-
36 163
Employee
22 610
-
63 434
-
social contributions
2 487
-
6 978
-
income
4 703
-
19 848
-
surtax
-
-
-
-
total
7 190
-
26 826
-
Employer
22 610
-
63 434
-
social contributions
5 370
-
15 066
-
total
5 370
-
15 066
-
Corporate
50 520
78 500
-
-
income
10 609
16 485
-
-
surtax
-
-
-
-
total
10 609
16 485
-
-
Dividends
39 911
62 015
-
-
withholding
11 175
17 364
-
-
total
11 175
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 344
33 849
41 892
36 163
After tax
44 156
44 651
36 608
42 337
Living cost
15 420
15 420
15 420
15 420
Free-cash
28 736
29 231
21 188
26 917

Estimated living cost  is ₴15420 per week

₴11537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴910
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19199
₴20298
₴15819
₴20624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
2 236
health
-
-
-
3 066
income
-
-
-
11 627
surtax
-
-
-
-
pensions
-
-
-
14 769
other
-
-
-
2 434
total
-
-
-
34 132
Employee
30 790
-
61 279
-
pensions
3 483
-
4 043
-
social contributions
877
-
1 746
-
income
2 686
-
11 449
-
surtax
-
-
-
-
total
7 046
-
17 238
-
Employer
30 790
-
61 279
-
pensions
5 059
-
6 846
-
other
1 063
-
2 297
-
health
2 155
-
5 411
-
unemployment
1 247
-
2 482
-
social contributions
92
-
184
-
total
9 616
-
17 220
-
Corporate
38 094
78 500
-
-
income
10 666
21 980
-
-
surtax
-
-
-
-
total
10 666
21 980
-
-
Dividends
27 428
56 520
-
-
surtax
-
-
-
-
social contributions
4 718
9 722
-
-
withholding
3 511
7 235
-
-
total
8 229
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 557
38 937
34 458
34 132
After tax
42 943
39 563
44 042
44 368
Living cost
23 744
23 744
23 744
23 744
Free-cash
19 199
15 819
20 298
20 624

Estimated living cost  is ₴23744 per week

₴16069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54221
₴45401
₴55873
₴43316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
17 270
income
-
-
-
3 137
total
-
-
-
20 407
Employee
15 804
-
67 965
-
social contributions
1 027
-
4 418
-
income
-
-
3 370
-
total
1 027
-
7 788
-
Employer
15 804
-
67 965
-
social contributions
2 450
-
10 534
-
total
2 450
-
10 534
-
Corporate
60 246
78 500
-
-
income
6 025
7 850
-
-
total
6 025
7 850
-
-
Dividends
54 221
70 650
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
9 502
7 850
18 322
20 407
After tax
68 998
70 650
60 178
58 093
Living cost
14 777
14 777
14 777
14 777
Free-cash
54 221
55 873
45 401
43 316

Estimated living cost  is ₴14777 per week

₴9555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
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.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28519
-₴28519
-₴28519
₴23104
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
municipal
-
-
-
16 114
pensions
-
-
-
426
labour market
-
-
-
6 246
national
-
-
-
8 954
total
-
-
-
31 740
Employee
99 845
99 845
99 845
-
pensions
142
142
142
-
municipal
21 261
21 261
21 261
-
national
12 198
12 198
12 198
-
labour market
7 976
7 976
7 976
-
total
41 577
41 577
41 577
-
Employer
99 845
99 845
99 845
-
municipal
21 295
21 295
21 295
-
pensions
284
284
284
-
national
12 219
12 219
12 219
-
labour market
7 988
7 988
7 988
-
total
41 786
41 786
41 786
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
83 363
83 363
83 363
31 740
After tax
-4 863
-4 863
-4 863
46 760
Living cost
23 656
23 656
23 656
23 656
Free-cash
-28 519
-28 519
-28 519
23 104

Estimated living cost  is ₴23656 per week

₴16190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2093
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4704
₴31530
-₴4428
₴42909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
21 338
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
24 804
Employee
16 968
-
70 128
-
pensions
1 911
-
3 797
-
health
1 943
-
8 030
-
income
2 328
-
15 984
-
total
6 182
-
27 811
-
Employer
16 968
-
70 128
-
pensions
2 759
-
5 483
-
unemployment
416
-
1 718
-
accident
283
-
1 171
-
total
3 458
-
8 372
-
Corporate
58 074
78 500
-
-
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.

52 266
70 650
-
-
total
52 266
70 650
-
-
Dividends
5 807
7 850
-
-
withholding
1 103
1 491
-
-
total
1 103
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
63 009
72 141
36 183
24 804
After tax
15 491
6 359
42 317
53 696
Living cost
10 787
10 787
10 787
10 787
Free-cash
4 704
-4 428
31 530
42 909

Estimated living cost  is ₴10787 per week

₴7851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31861
₴22821
₴30818
₴32933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
78 500
health
-
-
-
1 004
municipal
-
-
-
13 950
national
-
-
-
11 739
total
-
-
-
26 693
Employee
25 864
-
66 038
-
unemployment
388
-
991
-
pensions
1 745
-
4 457
-
municipal
4 236
-
10 760
-
national
427
-
7 324
-
health
193
-
812
-
total
6 989
-
24 344
-
Employer
25 864
-
66 038
-
pensions
4 487
-
11 458
-
health
199
-
508
-
unemployment
168
-
429
-
accident
26
-
66
-
total
4 880
-
12 461
-
Corporate
47 756
78 500
-
-
income
9 551
15 700
-
-
total
9 551
15 700
-
-
Dividends

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

28 653
47 100
-
-
national
1 187
4 630
-
-
municipal
5 158
8 478
-
-
total
6 345
13 108
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 765
28 808
36 805
26 693
After tax
50 735
49 692
41 695
51 807
Living cost
18 874
18 874
18 874
18 874
Free-cash
31 861
30 818
22 821
32 933

Estimated living cost  is ₴18874 per week

₴12328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1815
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43236
₴41965
₴45911
₴42678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
7 954
health
-
-
-
2 002
income
-
-
-
14 484
total
-
-
-
24 440
Employee
37 802
37 802
72 919
-
health
293
643
1 240
-
social contributions
1 429
3 137
4 232
-
income
4 116
3 499
14 100
-
total
5 838
7 279
19 572
-
Employer
37 802
37 802
72 919
-
health
318
700
1 349
-
social contributions
1 429
3 137
4 232
-
total
1 747
3 837
5 581
-
Corporate
59 533
36 861
-
-
income
7 442
4 608
-
-
total
7 442
4 608
-
-
Dividends
52 091
32 253
-
-
withholding
8 855
5 483
-
-
total
8 855
5 483
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 882
21 207
25 153
24 440
After tax
54 618
57 293
53 347
54 060
Living cost
11 382
11 382
11 382
11 382
Free-cash
43 236
45 911
41 965
42 678

Estimated living cost  is ₴11382 per week

₴6821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
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.
₴3192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54701
₴47995
₴57200
₴57855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
78 500
health
-
-
-
1 779
income
-
-
-
7 920
pensions
-
-
-
3 127
unemployment
-
-
-
14
total
-
-
-
12 840
Employee

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

11 284
-
73 696
-
unemployment
56
-
233
-
pensions
1 692
-
6 997
-
health
959
-
3 965
-
income
772
-
6 701
-
total
3 479
-
17 896
-
Employer

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

11 284
-
73 696
-
pensions
620
-
2 565
-
health
485
-
2 006
-
unemployment
56
-
233
-
total
1 161
-
4 804
-
Corporate
66 055
78 500
-
-
income
5 944
7 065
-
-
total
5 944
7 065
-
-
Dividends
60 110
71 435
-
-
withholding
5 410
6 430
-
-
total
5 410
6 430
-
-
Income
78 500
78 500
78 500
78 500
Total tax
15 994
13 495
22 700
12 840
After tax
62 506
65 005
55 800
65 660
Living cost
7 805
7 805
7 805
7 805
Free-cash
54 701
57 200
47 995
57 855

Estimated living cost  is ₴7805 per week

₴4980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2030
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36727
₴28563
₴38906
₴30626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
410
income
-
-
-
20 686
pensions
-
-
-
12 895
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
34 356
Employee
18 177
-
63 974
-
unemployment
282
-
706
-
pensions
855
-
2 142
-
income
3 504
-
18 998
-
other
18
-
46
-
total
4 659
-
21 892
-
Employer
18 177
-
63 974
-
pensions
4 290
-
10 754
-
other
146
-
365
-
unemployment
1 000
-
2 506
-
accident
360
-
902
-
total
5 796
-
14 527
-
Corporate
54 527
78 500
-
-
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.

8 179
11 775
-
-
total
8 179
11 775
-
-
Dividends
46 349
66 725
-
-
withholding
9 621
14 301
-
-
total
9 621
14 301
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 255
26 076
36 419
34 356
After tax
50 245
52 424
42 081
44 144
Living cost
13 518
13 518
13 518
13 518
Free-cash
36 727
38 906
28 563
30 626

Estimated living cost  is ₴13518 per week

₴9125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2857
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47865
₴49430
₴48022
₴49497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
509
income
-
-
-
26 830
pensions
-
-
-
702
total
-
-
-
28 041
Employee
1 465
-
77 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
health
73
-
175
-
income
283
-
26 793
-
total
503
-
27 319
-
Employer
1 465
-
77 711
-
pensions
161
-
386
-
health
139
-
333
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
76 705
78 500
-
-
income
16 875
17 270
-
-
total
16 875
17 270
-
-
Dividends
59 830
61 230
-
-
withholding
11 966
12 246
-
-
total
11 966
12 246
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 673
29 516
28 108
28 041
After tax
48 827
48 984
50 392
50 459
Living cost
962
962
962
962
Free-cash
47 865
48 022
49 430
49 497

Estimated living cost  is ₴962 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45800
₴38703
₴48217
₴38700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
health
-
-
-
3 741
income
-
-
-
17 572
pensions
-
-
-
9 443
unemployment
-
-
-
545
total
-
-
-
31 301
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.

12 815
-
71 999
-
unemployment
96
-
272
-
pensions
1 794
-
5 084
-
health
660
-
1 870
-
income
1 766
-
17 572
-
total
4 316
-
24 798
-
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.

12 815
-
71 999
-
pensions
1 538
-
4 358
-
health
660
-
1 870
-
unemployment
96
-
272
-
total
2 294
-
6 500
-
Corporate
63 391
78 500
-
-
income
9 509
11 775
-
-
total
9 509
11 775
-
-
Dividends
53 882
66 725
-
-
withholding
8 082
10 009
-
-
total
8 082
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 201
21 784
31 298
31 301
After tax
54 299
56 716
47 202
47 199
Living cost
8 499
8 499
8 499
8 499
Free-cash
45 800
48 217
38 703
38 700

Estimated living cost  is ₴8499 per week

₴5722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31221
₴23355
₴31398
₴29084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
social contributions

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

-
-
-
27 279
income
-
-
-
8 884
surtax
-
-
-
-
total
-
-
-
36 163
Employee
19 080
-
63 434
-
social contributions
2 099
-
6 978
-
income
3 728
-
19 848
-
surtax
-
-
-
-
total
5 827
-
26 826
-
Employer
19 080
-
63 434
-
social contributions
4 531
-
15 066
-
total
4 531
-
15 066
-
Corporate
54 889
78 500
-
-
income
11 527
16 485
-
-
surtax
-
-
-
-
total
11 527
16 485
-
-
Dividends
43 362
62 015
-
-
withholding
12 141
17 364
-
-
total
12 141
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 026
33 849
41 892
36 163
After tax
44 474
44 651
36 608
42 337
Living cost
13 253
13 253
13 253
13 253
Free-cash
31 221
31 398
23 355
29 084

Estimated living cost  is ₴13253 per week

₴9387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
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.
₴2711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31799
₴24804
₴35147
₴26867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
410
income
-
-
-
20 686
pensions
-
-
-
12 895
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
34 356
Employee
23 742
-
63 974
-
unemployment
368
-
706
-
pensions
1 116
-
2 142
-
income
4 959
-
18 998
-
other
23
-
46
-
total
6 466
-
21 892
-
Employer
23 742
-
63 974
-
pensions
5 603
-
10 754
-
other
190
-
365
-
unemployment
1 306
-
2 506
-
accident
470
-
902
-
total
7 569
-
14 527
-
Corporate
47 188
78 500
-
-
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.

7 078
11 775
-
-
total
7 078
11 775
-
-
Dividends
40 110
66 725
-
-
withholding
8 311
14 301
-
-
total
8 311
14 301
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 424
26 076
36 419
34 356
After tax
49 076
52 424
42 081
44 144
Living cost
17 277
17 277
17 277
17 277
Free-cash
31 799
35 147
24 804
26 867

Estimated living cost  is ₴17277 per week

₴12408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
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.
₴3283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55665
₴56675
₴58662
₴53684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
1 975
income
-
-
-
11 775
pensions

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

-
-
-
2 541
unemployment
-
-
-
69
total
-
-
-
16 360
Employee
11 198
-
75 131
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

983
-
1 508
-
health
515
-
790
-
income
1 120
-
7 513
-
total
2 741
-
10 000
-
Employer
11 198
-
75 131
-
pensions

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

1 234
-
1 892
-
health
773
-
1 185
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
total
2 197
-
3 369
-
Corporate
65 106
78 500
-
-
income
6 511
7 850
-
-
total
6 511
7 850
-
-
Dividends
58 595
70 650
-
-
withholding
2 930
3 532
-
-
total
2 930
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 379
11 382
13 369
16 360
After tax
64 121
67 118
65 131
62 140
Living cost
8 456
8 456
8 456
8 456
Free-cash
55 665
58 662
56 675
53 684

Estimated living cost  is ₴8456 per week

₴5593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
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.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27866
₴31510
₴21435
₴23525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
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.

-
-
-
3 358
trade
-
-
-
7 985
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.

-
-
-
23 367
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.

-
-
-
1 286
total
-
-
-
35 996
Employee

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

24 460
-
78 500
-
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.

3 358
-
3 358
-
income

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

2 011
-
23 367
-
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.

111
-
1 286
-
total
5 480
-
28 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 040
78 500
-
-
income
8 106
11 775
-
-
chamber of commerce
154
189
-
-
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.

446
647
-
-
trade
7 754
11 265
-
-
total
16 460
23 876
-
-
Dividends
37 580
54 623
-
-
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.

507
741
-
-
withholding
9 208
13 469
-
-
total
9 715
14 210
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 655
38 086
28 011
35 996
After tax
46 845
40 414
50 489
42 504
Living cost
18 979
18 979
18 979
18 979
Free-cash
27 866
21 435
31 510
23 525

Estimated living cost  is ₴18979 per week

₴13092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28031
₴14312
₴26946
₴14312
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
12 910
income
-
-
-
23 274
total
-
-
-
36 184
Employee
38 454
-
78 500
-
social contributions
3 195
-
12 910
-
income
7 256
-
23 274
-
total
10 451
-
36 184
-
Employer
38 454
-
78 500
-
total
-
-
-
-
Corporate
40 046
78 500
-
-
income
5 006
9 812
-
-
total
5 006
9 812
-
-
Dividends
35 040
68 688
-
-
withholding
7 008
13 738
-
-
total
7 008
13 738
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 465
23 550
36 184
36 184
After tax
56 035
54 950
42 316
42 316
Living cost
28 004
28 004
28 004
28 004
Free-cash
28 031
26 946
14 312
14 312

Estimated living cost  is ₴28004 per week

₴21305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32300
₴38465
₴30583
₴43618
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
income
-
-
-
13 994
health

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

-
-
-
3 043
total
-
-
-
17 037
Employee
22 552
-
76 239
-
social contributions
2 260
-
2 261
-
income
2 447
-
17 668
-
total
4 707
-
19 929
-
Employer
22 552
-
76 239
-
social contributions
2 260
-
2 261
-
total
2 260
-
2 261
-
Corporate
53 689
78 500
-
-
income
18 791
27 475
-
-
total
18 791
27 475
-
-
Dividends
34 898
51 025
-
-
social contributions
2 597
2 597
-
-
total
2 597
2 597
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 355
30 072
22 190
17 037
After tax
50 145
48 428
56 310
61 463
Living cost
17 845
17 845
17 845
17 845
Free-cash
32 300
30 583
38 465
43 618

Estimated living cost  is ₴17845 per week

₴11755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
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.
₴4410
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37039
₴27515
₴34189
₴34656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
21 773
pensions
-
-
-
4 203
total
-
-
-
25 976
Employee
24 526
-
68 632
-
pensions
1 872
-
5 216
-
health
320
-
1 019
-
income
4 466
-
17 014
-
total
6 658
-
23 249
-
Employer
24 526
-
68 632
-
pensions
2 478
-
8 564
-
health
466
-
1 304
-
total
2 944
-
9 868
-
Corporate
51 030
78 500
-
-
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.

9 695
14 915
-
-
total
9 695
14 915
-
-
Dividends
41 335
63 585
-
-
withholding
4 296
11 528
-
-
total
4 296
11 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 593
26 443
33 117
25 976
After tax
54 907
52 057
45 383
52 524
Living cost
17 868
17 868
17 868
17 868
Free-cash
37 039
34 189
27 515
34 656

Estimated living cost  is ₴17868 per week

₴12257
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1643
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.
₴3743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4540
₴30462
-₴5496
₴41841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
126
health
-
-
-
1 085
income
-
-
-
21 338
pensions
-
-
-
2 071
other
-
-
-
184
total
-
-
-
24 804
Employee
18 648
-
70 128
-
pensions
2 100
-
3 797
-
health
2 135
-
8 030
-
income
2 558
-
15 984
-
total
6 793
-
27 811
-
Employer
18 648
-
70 128
-
pensions
3 032
-
5 483
-
unemployment
457
-
1 718
-
accident
311
-
1 171
-
total
3 800
-
8 372
-
Corporate
56 052
78 500
-
-
income

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

50 447
70 650
-
-
total
50 447
70 650
-
-
Dividends
5 605
7 850
-
-
withholding
1 065
1 491
-
-
total
1 065
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 105
72 141
36 183
24 804
After tax
16 395
6 359
42 317
53 696
Living cost
11 855
11 855
11 855
11 855
Free-cash
4 540
-5 496
30 462
41 841

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
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.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴57122
₴48239
₴59421
₴37455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
78 500
income
-
-
-
12 821
health insurance
-
-
-
5 809
pensions
-
-
-
14 444
unemployment
-
-
-
942
work injury
-
-
-
392
total
-
-
-
34 408
Employee

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

10 619
-
78 500
-
unemployment
127
-
471
-
pensions
1 954
-
7 229
-
work injury
53
-
196
-
income
1 062
-
12 821
-
health insurance
786
-
2 907
-
total
3 982
-
23 624
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 881
78 500
-
-
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%.

679
785
-
-
total
679
785
-
-
Dividends
67 202
77 715
-
-
withholding
10 080
11 657
-
-
total
10 080
11 657
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 741
12 442
23 624
34 408
After tax
63 759
66 058
54 876
44 092
Living cost
6 637
6 637
6 637
6 637
Free-cash
57 122
59 421
48 239
37 455

Estimated living cost  is ₴6637 per week

₴4112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
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.
₴1836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19528
₴14033
₴21764
₴17478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
20 190
municipal
-
-
-
525
regional
-
-
-
1 789
national
-
-
-
18 934
total
-
-
-
41 438
Employee
41 425
-
78 500
-
regional
625
-
1 586
-
municipal
247
-
468
-
national
7 001
-
16 359
-
social contributions
13 968
-
26 470
-
total
21 841
-
44 883
-
Employer
41 425
-
78 500
-
total
-
-
-
-
Corporate
37 075
78 500
-
-
municipal
1 787
3 784
-
-
nationa
8 898
18 840
-
-
total
10 685
22 624
-
-
Dividends
26 389
55 876
-
-
withholding
6 862
14 528
-
-
total
6 862
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 388
37 152
44 883
41 438
After tax
39 112
41 348
33 617
37 062
Living cost
19 584
19 584
19 584
19 584
Free-cash
19 528
21 764
14 033
17 478

Estimated living cost  is ₴19584 per week

₴13757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close