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
₴24655
₴35565
₴26816
₴30116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
23 328
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.

-
-
-
1 283
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.

-
-
-
3 372
trade
-
-
-
8 749
total
-
-
-
36 732
Employee

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

18 881
-
78 500
-
surtax

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

29
-
1 283
-
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.

527
-
23 328
-
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.

3 372
-
3 372
-
total
3 928
-
27 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 619
78 500
-
-
income
8 943
11 775
-
-
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.

492
647
-
-
chamber of commerce
160
187
-
-
trade
9 390
12 364
-
-
total
18 985
24 973
-
-
Dividends
40 634
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.

548
726
-
-
withholding
9 971
13 194
-
-
total
10 519
13 920
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 432
38 893
27 983
36 732
After tax
45 068
39 607
50 517
41 768
Living cost
14 952
14 952
14 952
14 952
Free-cash
30 116
24 655
35 565
26 816

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22769
₴20938
₴20323
₴22333
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 510
national
-
-
-
13 188
pensions
-
-
-
9 420
total
-
-
-
31 962
Employee
40 639
-
67 863
-
municipal
5 020
-
8 814
-
pensions
1 626
-
2 715
-
national
7 778
-
13 659
-
total
14 424
-
25 188
-
Employer
40 639
-
67 863
-
pensions
3 251
-
5 429
-
social contributions
437
-
730
-
total
3 688
-
6 159
-
Corporate
31 491
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%.

6 298
15 700
-
-
total
6 298
15 700
-
-
Dividends
25 193
62 800
-
-
withholding
5 542
13 816
-
-
total
5 542
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 952
29 516
31 347
31 962
After tax
48 548
48 984
47 153
46 538
Living cost
26 215
26 215
26 215
26 215
Free-cash
22 333
22 769
20 938
20 323

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52530
₴37006
₴16093
₴48480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 206
surtax
-
-
-
20 017
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.

-
-
-
18 914
microenterprise
-
-
-
-
total
-
-
-
52 137
Employee
14 425
-
57 209
-
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.

1 587
-
6 293
-
income
2 568
-
11 149
-
total
4 155
-
17 442
-
Employer
14 425
-
57 209
-
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.

3 475
-
13 782
-
surtax
-
-
-
-
total
3 475
-
13 782
-
Corporate
60 601
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%.

12 120
15 700
-
-
total
12 120
15 700
-
-
Dividends

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

48 481
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
19 750
15 700
31 224
52 137
After tax
58 750
62 800
47 276
26 363
Living cost
10 270
10 270
10 270
10 270
Free-cash
48 480
52 530
37 006
16 093

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18059
₴27447
₴23246
₴15035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 703
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
34 574
Employee
42 155
42 155
69 326
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
9 328
-
health
6 470
5 504
6 087
-
total
20 958
18 188
21 199
-
Employer
42 155
42 155
69 326
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
29 480
28 963
-
-
income
5 896
5 792
-
-
total
5 896
5 792
-
-
Dividends
23 584
23 170
-
-
income
5 012
4 924
-
-
withholding
3 537
3 475
-
-
total
8 549
8 399
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 785
39 761
30 373
34 574
After tax
35 715
38 739
48 127
43 926
Living cost
20 680
20 680
20 680
20 680
Free-cash
15 035
18 059
27 447
23 246

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴22636
₴20258
₴20749
₴22181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
19 579
national
-
-
-
5 105
pensions
-
-
-
4 792
total
-
-
-
37 526
Employee
28 819
-
64 573
-
municipal
8 594
-
19 256
-
national
-
-
4 833
-
total
8 594
-
24 089
-
Employer
28 819
-
64 573
-
health
1 772
-
2 726
-
pensions
3 115
-
4 792
-
accident
58
-
89
-
unemployment
761
-
1 170
-
other
3 349
-
5 151
-
total
9 055
-
13 928
-
Corporate
40 626
78 500
-
-
income
8 938
17 270
-
-
total
8 938
17 270
-
-
Dividends
31 688
61 230
-
-
withholding
9 507
18 369
-
-
total
9 507
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 094
35 639
38 017
37 526
After tax
42 406
42 861
40 483
40 974
Living cost
20 225
20 225
20 225
20 225
Free-cash
22 181
22 636
20 258
20 749

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19809
₴31124
₴21987
₴26746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
23 328
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.

-
-
-
1 283
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.

-
-
-
3 372
trade
-
-
-
9 137
total
-
-
-
37 120
Employee

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

25 034
-
78 500
-
surtax

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

118
-
1 283
-
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.

2 151
-
23 328
-
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.

3 372
-
3 372
-
total
5 641
-
27 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 466
78 500
-
-
income
8 020
11 775
-
-
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.

441
647
-
-
chamber of commerce
151
186
-
-
trade
8 796
12 914
-
-
total
17 408
25 522
-
-
Dividends
36 059
52 977
-
-
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.

485
719
-
-
withholding
8 827
13 057
-
-
total
9 312
13 776
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 361
39 298
27 983
37 120
After tax
46 139
39 202
50 517
41 380
Living cost
19 393
19 393
19 393
19 393
Free-cash
26 746
19 809
31 124
21 987

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41283
₴37354
₴38067
₴39235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 433
social contributions
-
-
-
7 987
health
-
-
-
2 002
total
-
-
-
24 422
Employee
37 959
37 959
72 902
-
social contributions
1 845
3 150
4 249
-
income
3 986
3 514
14 049
-
health
378
645
1 239
-
total
6 209
7 309
19 537
-
Employer
37 959
37 959
72 902
-
health
411
703
1 349
-
social contributions
1 845
3 150
4 249
-
total
2 256
3 853
5 598
-
Corporate
54 025
36 688
-
-
income
6 753
4 586
-
-
total
6 753
4 586
-
-
Dividends
47 271
32 102
-
-
withholding
8 036
5 458
-
-
total
8 036
5 458
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 254
21 206
25 135
24 422
After tax
55 246
57 294
53 365
54 078
Living cost
16 011
16 011
16 011
16 011
Free-cash
39 235
41 283
37 354
38 067

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴35060
₴36449
₴45323
₴35246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 597
unemployment
-
-
-
1 177
health
-
-
-
5 495
pensions
-
-
-
7 850
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.

13 076
5 204
65 690
-
unemployment
196
78
985
-
pensions
1 308
520
6 569
-
income
1 599
636
8 031
-
health
915
364
4 598
-
total
4 018
1 598
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.

13 076
5 204
65 690
-
pensions
2 550
1 015
12 810
-
total
2 550
1 015
12 810
-
Corporate
62 874
72 281
-
-
income
5 659
6 505
-
-
total
5 659
6 505
-
-
Dividends
57 216
65 776
-
-
social contributions
11 098
12 767
-
-
withholding
10 871
12 497
-
-
total
21 969
25 264
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 196
34 382
32 993
24 119
After tax
44 304
44 118
45 507
54 381
Living cost
9 058
9 058
9 058
9 058
Free-cash
35 246
35 060
36 449
45 323

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50877
₴33323
₴30152
₴47811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 519
health
-
-
-
10 205
pensions
-
-
-
15 701
total
-
-
-
36 425
Employee
14 004
-
58 669
-
unemployment
224
-
939
-
pensions
280
-
1 174
-
income
1 577
-
11 312
-
total
2 081
-
13 425
-
Employer
14 004
-
58 669
-
health
1 820
-
7 627
-
pensions
2 801
-
11 733
-
unemployment
112
-
469
-
total
4 733
-
19 829
-
Corporate
59 762
78 500
-
-
income
11 952
15 700
-
-
total
11 952
15 700
-
-
Dividends
47 810
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 766
15 700
33 254
36 425
After tax
59 734
62 800
45 246
42 075
Living cost
11 923
11 923
11 923
11 923
Free-cash
47 811
50 877
33 323
30 152

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4637
₴31309
₴42703
₴4672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 322
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
24 802
Employee
17 295
-
70 106
-
pensions
1 947
-
3 813
-
income
2 373
-
15 961
-
health
1 980
-
8 027
-
total
6 300
-
27 801
-
Employer
17 295
-
70 106
-
pensions
2 812
-
5 506
-
accident
289
-
1 171
-
unemployment
424
-
1 718
-
total
3 525
-
8 395
-
Corporate
57 680
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.

51 912
70 650
-
-
total
51 912
70 650
-
-
Dividends
5 768
7 850
-
-
withholding
1 096
1 492
-
-
total
1 096
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 833
72 142
36 196
24 802
After tax
15 667
6 358
42 304
53 698
Living cost
10 995
10 995
10 995
10 995
Free-cash
4 672
-4 637
31 309
42 703

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
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.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70580
₴58805
₴73720
₴69831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
78 500
-
income
999
-
15 700
-
total
999
-
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%.

73 506
78 500
-
-
total
-
-
-
-
Dividends
73 506
78 500
-
-
withholding
3 675
3 925
-
-
total
3 675
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
4 674
3 925
15 700
785
After tax
73 826
74 575
62 800
77 715
Living cost
3 995
3 995
3 995
3 995
Free-cash
69 831
70 580
58 805
73 720

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44520
₴31540
₴29147
₴41186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 315
other
-
-
-
3 565
health
-
-
-
3 303
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.

-
-
-
18 016
total
-
-
-
36 199
Employee
17 924
-
62 701
-
unemployment
179
-
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.

1 254
-
4 389
-
income
3 086
-
12 113
-
health
251
-
878
-
total
4 770
-
18 007
-
Employer
17 924
-
62 701
-
health
251
-
878
-
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.

3 047
-
10 659
-
accident
143
-
501
-
unemployment
179
-
627
-
other
897
-
3 134
-
total
4 517
-
15 799
-
Corporate
56 059
78 500
-
-
income
11 773
16 485
-
-
total
11 773
16 485
-
-
Dividends
44 286
62 015
-
-
withholding
3 100
4 341
-
-
total
3 100
4 341
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 160
20 826
33 806
36 199
After tax
54 340
57 674
44 694
42 301
Living cost
13 154
13 154
13 154
13 154
Free-cash
41 186
44 520
31 540
29 147

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴19424
₴12686
₴19835
₴19261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 593
pensions
-
-
-
4 256
total
-
-
-
25 849
Employee
46 430
-
68 648
-
pensions
4 479
-
5 293
-
income
8 369
-
16 827
-
health
765
-
1 026
-
total
13 613
-
23 146
-
Employer
46 430
-
68 648
-
health
882
-
1 304
-
pensions
5 482
-
8 548
-
total
6 364
-
9 852
-
Corporate
25 706
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.

4 884
14 915
-
-
total
4 884
14 915
-
-
Dividends
20 822
63 585
-
-
withholding
1 562
11 345
-
-
total
1 562
11 345
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 423
26 260
32 998
25 849
After tax
52 077
52 240
45 502
52 651
Living cost
32 816
32 816
32 816
32 816
Free-cash
19 261
19 424
12 686
19 835

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60637
₴58620
₴55634
₴58341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 775
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
16 385
Employee
8 582
-
75 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
7 511
-
health
395
-
794
-
total
2 101
-
10 011
-
Employer
8 582
-
75 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
68 234
78 500
-
-
income
6 823
7 850
-
-
total
6 823
7 850
-
-
Dividends
61 411
70 650
-
-
withholding
3 071
3 532
-
-
total
3 071
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 678
11 382
13 399
16 385
After tax
64 822
67 118
65 101
62 115
Living cost
6 481
6 481
6 481
6 481
Free-cash
58 341
60 637
58 620
55 634

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11366
₴20754
₴16553
₴12608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 703
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
34 574
Employee
45 767
42 155
69 326
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
9 328
-
health
5 710
5 504
6 087
-
total
18 394
18 188
21 199
-
Employer
45 767
42 155
69 326
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
24 719
28 963
-
-
income
4 943
5 792
-
-
total
4 943
5 792
-
-
Dividends
19 776
23 170
-
-
income
4 202
4 924
-
-
withholding
2 967
3 475
-
-
total
7 169
8 399
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 519
39 761
30 373
34 574
After tax
39 981
38 739
48 127
43 926
Living cost
27 373
27 373
27 373
27 373
Free-cash
12 608
11 366
20 754
16 553

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41780
₴27568
₴30446
₴37403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 538
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
10 597
total
-
-
-
35 787
Employee
18 040
-
58 582
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
3 808
-
income
2 165
-
7 030
-
health
2 435
-
7 909
-
total
5 773
-
18 747
-
Employer
18 040
-
58 582
-
health
1 624
-
5 272
-
social contributions
4 510
-
14 646
-
total
6 134
-
19 918
-
Corporate
54 326
78 500
-
-
income
10 322
14 915
-
-
total
10 322
14 915
-
-
Dividends
44 004
63 585
-
-
withholding
6 601
9 538
-
-
total
6 601
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 830
24 453
38 665
35 787
After tax
49 670
54 047
39 835
42 713
Living cost
12 267
12 267
12 267
12 267
Free-cash
37 403
41 780
27 568
30 446

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21053
₴13636
₴17181
₴18476
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 191
regional
-
-
-
917
municipal
-
-
-
467
national
-
-
-
18 914
total
-
-
-
40 489
Employee
43 872
-
78 500
-
municipal
232
-
416
-
national
7 602
-
16 339
-
regional
414
-
809
-
social contributions
14 794
-
26 470
-
total
23 042
-
44 034
-
Employer
43 872
-
78 500
-
total
-
-
-
-
Corporate
34 628
78 500
-
-
municipal
1 351
3 061
-
-
nationa
8 310
18 840
-
-
total
9 661
21 901
-
-
Dividends
24 967
56 599
-
-
withholding
6 491
14 716
-
-
total
6 491
14 716
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 194
36 617
44 034
40 489
After tax
39 306
41 883
34 466
38 011
Living cost
20 830
20 830
20 830
20 830
Free-cash
18 476
21 053
13 636
17 181

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38484
₴23428
₴26362
₴36948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 308
other
-
-
-
-
surtax
-
-
-
2 971
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
41 245
Employee
16 325
-
64 849
-
other
-
-
-
-
unemployment
1 136
-
4 513
-
pensions
1 089
-
4 325
-
surtax
53
-
2 509
-
income
2 736
-
17 528
-
health
417
-
1 653
-
total
5 431
-
30 528
-
Employer
16 325
-
64 849
-
health
743
-
2 951
-
pensions
2 176
-
8 645
-
unemployment
517
-
2 055
-
other
-
-
-
-
total
3 436
-
13 651
-
Corporate
58 739
78 500
-
-
income
15 272
20 410
-
-
total
15 272
20 410
-
-
Dividends
43 467
58 090
-
-
withholding
6 520
8 713
-
-
total
6 520
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 659
29 123
44 179
41 245
After tax
47 841
49 377
34 321
37 255
Living cost
10 893
10 893
10 893
10 893
Free-cash
36 948
38 484
23 428
26 362

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29821
₴23083
₴30232
₴32536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 593
pensions
-
-
-
4 256
total
-
-
-
25 849
Employee
31 116
-
68 648
-
pensions
2 641
-
5 293
-
income
5 604
-
16 827
-
health
452
-
1 026
-
total
8 697
-
23 146
-
Employer
31 116
-
68 648
-
health
591
-
1 304
-
pensions
3 368
-
8 548
-
total
3 959
-
9 852
-
Corporate
43 424
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.

8 251
14 915
-
-
total
8 251
14 915
-
-
Dividends
35 174
63 585
-
-
withholding
2 638
11 345
-
-
total
2 638
11 345
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 545
26 260
32 998
25 849
After tax
54 955
52 240
45 502
52 651
Living cost
22 419
22 419
22 419
22 419
Free-cash
32 536
29 821
23 083
30 232

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3244
₴21169
₴24982
₴13502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
-
-
-
3 578
health
-
-
-
177
city
-
-
-
827
national
-
-
-
1 003
pensions
-
-
-
7 222
total
-
-
-
14 377
Employee
45 805
-
70 262
-
unemployment
-
-
-
-
pensions
3 848
-
5 901
-
national
217
-
822
-
regional
1 500
-
3 090
-
city
492
-
755
-
health
104
-
158
-
total
6 161
-
10 726
-
Employer
45 805
-
70 262
-
health
104
-
158
-
pensions
3 848
-
5 901
-
unemployment
-
-
-
-
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.

916
-
1 405
-
total
4 868
-
7 464
-
Corporate
27 324
78 500
-
-
regional
5 779
16 602
-
-
national
2 322
6 672
-
-
total
8 101
23 274
-
-
Dividends
19 222
55 226
-
-
withholding
6 727
19 329
-
-
total
6 727
19 329
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 857
42 603
18 190
14 377
After tax
52 643
35 897
60 310
64 123
Living cost
39 141
39 141
39 141
39 141
Free-cash
13 502
-3 244
21 169
24 982

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16186
₴27903
₴18377
₴24191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
23 328
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.

-
-
-
1 283
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.

-
-
-
3 372
trade
-
-
-
9 526
total
-
-
-
37 509
Employee

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

29 667
-
78 500
-
surtax

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

192
-
1 283
-
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.

3 489
-
23 328
-
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.

3 372
-
3 372
-
total
7 053
-
27 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 833
78 500
-
-
income
7 325
11 775
-
-
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.

403
647
-
-
chamber of commerce
143
185
-
-
trade
8 375
13 463
-
-
total
16 246
26 070
-
-
Dividends
32 587
52 429
-
-
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.

437
711
-
-
withholding
7 959
12 919
-
-
total
8 396
13 630
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 695
39 700
27 983
37 509
After tax
46 805
38 800
50 517
40 991
Living cost
22 614
22 614
22 614
22 614
Free-cash
24 191
16 186
27 903
18 377

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22674
₴27193
₴27485
₴25591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 597
other
-
-
-
2 434
surtax
-
-
-
-
social contributions
-
-
-
2 237
health
-
-
-
3 055
pensions
-
-
-
14 803
total
-
-
-
34 126
Employee
21 127
-
61 301
-
pensions
2 389
-
4 036
-
surtax
-
-
-
-
social contributions
602
-
1 746
-
income
1 247
-
11 436
-
total
4 238
-
17 218
-
Employer
21 127
-
61 301
-
health
1 479
-
5 404
-
pensions
3 471
-
6 835
-
unemployment
855
-
2 482
-
social contributions
64
-
184
-
other
729
-
2 295
-
total
6 598
-
17 200
-
Corporate
50 775
78 500
-
-
income
14 217
21 980
-
-
surtax
-
-
-
-
total
14 217
21 980
-
-
Dividends
36 558
56 520
-
-
surtax
-
-
-
-
social contributions
6 288
9 722
-
-
withholding
4 679
7 235
-
-
total
10 967
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 020
38 937
34 418
34 126
After tax
42 480
39 563
44 082
44 374
Living cost
16 889
16 889
16 889
16 889
Free-cash
25 591
22 674
27 193
27 485

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
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.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24347
₴28866
₴29158
₴27091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 597
other
-
-
-
2 434
surtax
-
-
-
-
social contributions
-
-
-
2 237
health
-
-
-
3 055
pensions
-
-
-
14 803
total
-
-
-
34 126
Employee
18 859
-
61 301
-
pensions
2 133
-
4 036
-
surtax
-
-
-
-
social contributions
538
-
1 746
-
income
972
-
11 436
-
total
3 643
-
17 218
-
Employer
18 859
-
61 301
-
health
1 320
-
5 404
-
pensions
3 099
-
6 835
-
unemployment
763
-
2 482
-
social contributions
56
-
184
-
other
651
-
2 295
-
total
5 889
-
17 200
-
Corporate
53 751
78 500
-
-
income
15 050
21 980
-
-
surtax
-
-
-
-
total
15 050
21 980
-
-
Dividends
38 701
56 520
-
-
surtax
-
-
-
-
social contributions
6 657
9 722
-
-
withholding
4 954
7 235
-
-
total
11 611
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 193
38 937
34 418
34 126
After tax
42 307
39 563
44 082
44 374
Living cost
15 216
15 216
15 216
15 216
Free-cash
27 091
24 347
28 866
29 158

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37423
₴38574
₴39945
₴37680
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 775
social contributions
-
-
-
10 833
health
-
-
-
5 479
total
-
-
-
28 087
Employee
16 738
-
78 500
-
social contributions
2 310
-
10 833
-
income
2 792
-
13 146
-
health
1 168
-
5 479
-
total
6 270
-
29 458
-
Employer
16 738
-
78 500
-
total
-
-
-
-
Corporate
61 762
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%.

3 088
3 925
-
-
total
3 088
3 925
-
-
Dividends
58 675
74 575
-
-
social contributions
8 097
10 292
-
-
withholding
8 801
11 186
-
-
health
4 096
5 206
-
-
total
20 994
26 684
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 352
30 609
29 458
28 087
After tax
48 148
47 891
49 042
50 413
Living cost
10 468
10 468
10 468
10 468
Free-cash
37 680
37 423
38 574
39 945

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26121
₴3223
₴22873
₴25359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 714
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
314
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
38 233
Employee
24 670
19 673
61 524
-
other
246
197
577
-
unemployment
740
590
1 730
-
pensions
2 527
2 014
5 906
-
income
2 808
1 451
15 552
-
health
955
762
2 231
-
total
7 276
5 014
25 996
-
Employer
24 670
19 673
61 524
-
chamber of commerce
98
79
246
-
health
932
744
2 180
-
pensions
3 096
2 469
7 238
-
accident
320
256
749
-
unemployment
740
590
1 730
-
surtax
97
97
97
-
payroll
740
590
1 845
-
other
1 172
934
2 889
-
total
7 195
5 759
16 974
-
Corporate
46 633
53 068
59 651
-
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.

11 658
13 267
14 913
-
total
11 658
13 267
14 913
-
Dividends
34 975
39 801
-
-
withholding
9 618
10 945
-
-
total
9 618
10 945
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 747
34 985
57 883
38 233
After tax
42 753
43 515
20 617
40 267
Living cost
17 394
17 394
17 394
17 394
Free-cash
25 359
26 121
3 223
22 873

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
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.
₴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 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
₴25921
₴10111
₴16027
₴18518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
3 978
social contributions
-
-
-
12 199
national
-
-
-
28 297
total
-
-
-
44 474
Employee

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

35 311
-
60 801
-
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.

307
-
529
-
communal

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

1 842
-
3 171
-
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.

2 648
-
4 560
-
national
10 856
-
21 573
-
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.

1 659
-
2 857
-
total
17 312
-
32 690
-
Employer

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

35 311
-
60 801
-
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.

2 171
-
3 739
-
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.

3 129
-
5 387
-
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.

459
-
791
-
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.

515
-
888
-
surtax
4 004
-
6 895
-
total
10 278
-
17 700
-
Corporate
32 911
78 500
-
-
income
6 582
15 700
-
-
surtax
132
314
-
-
total
6 714
16 014
-
-
Dividends
26 197
62 487
-
-
withholding

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

7 679
18 566
-
-
total
7 679
18 566
-
-
Income
78 500
78 500
78 500
78 500
Total tax
41 983
34 580
50 390
44 474
After tax
36 517
43 920
28 110
34 026
Living cost
17 999
17 999
17 999
17 999
Free-cash
18 518
25 921
10 111
16 027

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34600
₴24250
₴26321
₴31065
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
412
income
-
-
-
20 625
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
34 351
Employee
24 573
-
63 913
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
18 930
-
total
6 745
-
21 836
-
Employer
24 573
-
63 913
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
46 095
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.

6 914
11 775
-
-
total
6 914
11 775
-
-
Dividends
39 181
66 725
-
-
withholding
8 115
14 297
-
-
total
8 115
14 297
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 607
26 072
36 422
34 351
After tax
48 893
52 428
42 078
44 149
Living cost
17 828
17 828
17 828
17 828
Free-cash
31 065
34 600
24 250
26 321

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
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.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19597
₴16062
₴12931
₴13694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
4 961
accident
-
-
-
662
income
-
-
-
11 946
surtax
-
-
-
3 891
health
-
-
-
5 516
pensions
-
-
-
11 766
total
-
-
-
38 742
Employee
37 383
-
70 120
-
pensions
2 990
-
5 609
-
surtax
2 291
-
4 297
-
income
3 611
-
14 206
-
health
1 664
-
3 120
-
total
10 556
-
27 232
-
Employer
37 383
-
70 120
-
health
1 140
-
2 139
-
pensions
2 990
-
5 609
-
accident
336
-
631
-
total
4 466
-
8 379
-
Corporate
36 650
78 500
-
-
communal
2 474
5 298
-
-
income
5 497
11 775
-
-
surtax
385
824
-
-
total
8 356
17 897
-
-
Dividends
28 294
60 602
-
-
income
10 357
5 088
-
-
withholding
4 244
9 091
-
-
total
14 601
14 179
-
-
Income
78 500
78 500
78 500
78 500
Total tax
37 979
32 076
35 611
38 742
After tax
40 521
46 424
42 889
39 758
Living cost
26 827
26 827
26 827
26 827
Free-cash
13 694
19 597
16 062
12 931

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38289
₴23233
₴26167
₴36719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 308
other
-
-
-
-
surtax
-
-
-
2 971
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
41 245
Employee
16 624
-
64 849
-
other
-
-
-
-
unemployment
1 157
-
4 513
-
pensions
1 109
-
4 325
-
surtax
59
-
2 509
-
income
2 787
-
17 528
-
health
424
-
1 653
-
total
5 536
-
30 528
-
Employer
16 624
-
64 849
-
health
756
-
2 951
-
pensions
2 216
-
8 645
-
unemployment
527
-
2 055
-
other
-
-
-
-
total
3 499
-
13 651
-
Corporate
58 376
78 500
-
-
income
15 178
20 410
-
-
total
15 178
20 410
-
-
Dividends
43 198
58 090
-
-
withholding
6 480
8 713
-
-
total
6 480
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 693
29 123
44 179
41 245
After tax
47 807
49 377
34 321
37 255
Living cost
11 088
11 088
11 088
11 088
Free-cash
36 719
38 289
23 233
26 167

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27963
₴20921
₴24446
₴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
social contributions
-
-
-
20 191
regional
-
-
-
1 184
municipal
-
-
-
467
national
-
-
-
18 914
total
-
-
-
40 756
Employee
27 383
-
78 500
-
municipal
145
-
416
-
national
4 338
-
16 339
-
regional
369
-
1 056
-
social contributions
9 234
-
26 470
-
total
14 086
-
44 281
-
Employer
27 383
-
78 500
-
total
-
-
-
-
Corporate
51 117
78 500
-
-
municipal
2 541
3 902
-
-
nationa
12 268
18 840
-
-
total
14 809
22 742
-
-
Dividends
36 308
55 759
-
-
withholding
9 440
14 497
-
-
total
9 440
14 497
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 335
37 239
44 281
40 756
After tax
40 165
41 261
34 219
37 744
Living cost
13 298
13 298
13 298
13 298
Free-cash
26 867
27 963
20 921
24 446

Estimated living cost  is ₴13298 per week

₴8270
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.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38931
₴24719
₴27597
₴33538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 538
social contributions
-
-
-
17 652
solidarity contribution
-
-
-
-
health
-
-
-
10 597
total
-
-
-
35 787
Employee
22 230
-
58 582
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
3 808
-
income
2 668
-
7 030
-
health
3 001
-
7 909
-
total
7 114
-
18 747
-
Employer
22 230
-
58 582
-
health
2 001
-
5 272
-
social contributions
5 558
-
14 646
-
total
7 559
-
19 918
-
Corporate
48 712
78 500
-
-
income
9 255
14 915
-
-
total
9 255
14 915
-
-
Dividends
39 457
63 585
-
-
withholding
5 918
9 538
-
-
total
5 918
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 846
24 453
38 665
35 787
After tax
48 654
54 047
39 835
42 713
Living cost
15 116
15 116
15 116
15 116
Free-cash
33 538
38 931
24 719
27 597

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27819
₴4898
₴24615
₴27576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 714
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
314
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
38 136
Employee
21 579
19 673
61 615
-
other
215
197
577
-
unemployment
647
590
1 730
-
pensions
2 210
2 014
5 906
-
income
1 922
1 451
15 590
-
health
835
762
2 231
-
total
5 829
5 014
26 034
-
Employer
21 579
19 673
61 615
-
chamber of commerce
86
79
246
-
health
816
744
2 180
-
pensions
2 708
2 469
7 238
-
accident
280
256
749
-
unemployment
647
590
1 730
-
surtax
-
-
-
-
payroll
647
590
1 848
-
other
1 025
934
2 893
-
total
6 209
5 662
16 884
-
Corporate
50 711
53 165
59 742
-
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.

12 678
13 291
14 935
-
total
12 678
13 291
14 935
-
Dividends
38 034
39 874
-
-
withholding
10 459
10 965
-
-
total
10 459
10 965
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 175
34 932
57 853
38 136
After tax
43 325
43 568
20 647
40 364
Living cost
15 749
15 749
15 749
15 749
Free-cash
27 576
27 819
4 898
24 615

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
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.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68349
₴56574
₴71489
₴67181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 782
-
78 500
-
income
1 557
-
15 700
-
total
1 557
-
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%.

70 718
78 500
-
-
total
-
-
-
-
Dividends
70 718
78 500
-
-
withholding
3 536
3 925
-
-
total
3 536
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 093
3 925
15 700
785
After tax
73 407
74 575
62 800
77 715
Living cost
6 226
6 226
6 226
6 226
Free-cash
67 181
68 349
56 574
71 489

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40807
₴23447
₴25527
₴36677
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 553
unemployment
-
-
-
118
health
-
-
-
7 725
pensions
-
-
-
14 336
total
-
-
-
39 732
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.

21 829
-
67 924
-
unemployment
31
-
96
-
pensions
3 384
-
10 529
-
income
3 764
-
16 223
-
health
1 410
-
4 388
-
total
8 589
-
31 236
-
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.

21 829
-
67 924
-
health
1 454
-
4 524
-
pensions
1 932
-
6 011
-
unemployment
13
-
41
-
total
3 399
-
10 576
-
Corporate
53 272
78 500
-
-
income
10 122
14 915
-
-
total
10 122
14 915
-
-
Dividends
43 150
63 585
-
-
withholding
6 472
9 537
-
-
total
6 472
9 537
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 582
24 452
41 812
39 732
After tax
49 918
54 048
36 688
38 768
Living cost
13 241
13 241
13 241
13 241
Free-cash
36 677
40 807
23 447
25 527

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26161
₴50317
₴32652
₴2353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 301
social contributions
-
-
-
8 949
total
-
-
-
24 250
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
3 866
78 500
-
-
income
851
17 270
-
-
total
851
17 270
-
-
Dividends
3 016
61 230
-
-
income
663
13 471
-
-
total
663
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
54 549
30 741
6 585
24 250
After tax
23 951
47 759
71 915
54 250
Living cost
21 598
21 598
21 598
21 598
Free-cash
2 353
26 161
50 317
32 652

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29167
₴21148
₴26865
₴28670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 873
surtax
-
-
-
-
social contributions

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

-
-
-
27 278
total
-
-
-
36 151
Employee
22 704
-
63 435
-
surtax
-
-
-
-
social contributions
2 497
-
6 978
-
income
4 722
-
19 825
-
total
7 219
-
26 803
-
Employer
22 704
-
63 435
-
social contributions
5 392
-
15 065
-
total
5 392
-
15 065
-
Corporate
50 404
78 500
-
-
income
10 585
16 485
-
-
surtax
-
-
-
-
total
10 585
16 485
-
-
Dividends
39 819
62 015
-
-
withholding
11 150
17 364
-
-
total
11 150
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 346
33 849
41 868
36 151
After tax
44 154
44 651
36 632
42 349
Living cost
15 484
15 484
15 484
15 484
Free-cash
28 670
29 167
21 148
26 865

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15720
₴20240
₴20532
₴19115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 597
other
-
-
-
2 434
surtax
-
-
-
-
social contributions
-
-
-
2 237
health
-
-
-
3 055
pensions
-
-
-
14 803
total
-
-
-
34 126
Employee
30 918
-
61 301
-
pensions
3 497
-
4 036
-
surtax
-
-
-
-
social contributions
881
-
1 746
-
income
2 698
-
11 436
-
total
7 076
-
17 218
-
Employer
30 918
-
61 301
-
health
2 164
-
5 404
-
pensions
5 080
-
6 835
-
unemployment
1 252
-
2 482
-
social contributions
93
-
184
-
other
1 067
-
2 295
-
total
9 656
-
17 200
-
Corporate
37 926
78 500
-
-
income
10 619
21 980
-
-
surtax
-
-
-
-
total
10 619
21 980
-
-
Dividends
27 306
56 520
-
-
surtax
-
-
-
-
social contributions
4 697
9 722
-
-
withholding
3 495
7 235
-
-
total
8 192
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 543
38 937
34 418
34 126
After tax
42 957
39 563
44 082
44 374
Living cost
23 842
23 842
23 842
23 842
Free-cash
19 115
15 720
20 240
20 532

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
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.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55811
₴45351
₴43265
₴54153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 125
social contributions
-
-
-
17 271
total
-
-
-
20 396
Employee
15 870
-
67 965
-
income
-
-
3 357
-
social contributions
1 031
-
4 418
-
total
1 031
-
7 775
-
Employer
15 870
-
67 965
-
social contributions
2 460
-
10 535
-
total
2 460
-
10 535
-
Corporate
60 170
78 500
-
-
income
6 017
7 850
-
-
total
6 017
7 850
-
-
Dividends
54 153
70 650
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
9 508
7 850
18 310
20 396
After tax
68 992
70 650
60 190
58 104
Living cost
14 839
14 839
14 839
14 839
Free-cash
54 153
55 811
45 351
43 265

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴29005
-₴29005
₴23020
-₴29005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
6 246
municipal
-
-
-
16 102
national
-
-
-
8 941
pensions
-
-
-
428
total
-
-
-
31 717
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
83 742
83 742
83 742
31 717
After tax
-5 242
-5 242
-5 242
46 783
Living cost
23 763
23 763
23 763
23 763
Free-cash
-29 005
-29 005
-29 005
23 020

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4474
₴31472
₴42866
₴4696
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 322
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
24 802
Employee
17 040
-
70 106
-
pensions
1 919
-
3 813
-
income
2 338
-
15 961
-
health
1 951
-
8 027
-
total
6 208
-
27 801
-
Employer
17 040
-
70 106
-
pensions
2 771
-
5 506
-
accident
285
-
1 171
-
unemployment
418
-
1 718
-
total
3 474
-
8 395
-
Corporate
57 987
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.

52 188
70 650
-
-
total
52 188
70 650
-
-
Dividends
5 799
7 850
-
-
withholding
1 102
1 492
-
-
total
1 102
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 972
72 142
36 196
24 802
After tax
15 528
6 358
42 304
53 698
Living cost
10 832
10 832
10 832
10 832
Free-cash
4 696
-4 474
31 472
42 866

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30763
₴22765
₴32907
₴31800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 003
municipal
-
-
-
13 950
national
-
-
-
11 688
total
-
-
-
26 641
Employee
25 972
-
66 039
-
municipal
4 254
-
10 761
-
unemployment
390
-
990
-
pensions
1 753
-
4 457
-
national
429
-
7 302
-
health
194
-
811
-
total
7 020
-
24 321
-
Employer
25 972
-
66 039
-
health
200
-
509
-
pensions
4 506
-
11 458
-
accident
26
-
66
-
unemployment
169
-
429
-
total
4 901
-
12 462
-
Corporate
47 628
78 500
-
-
income
9 525
15 700
-
-
total
9 525
15 700
-
-
Dividends

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

28 577
47 100
-
-
municipal
5 144
8 478
-
-
national
1 158
4 607
-
-
total
6 302
13 085
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 748
28 785
36 783
26 641
After tax
50 752
49 715
41 717
51 859
Living cost
18 952
18 952
18 952
18 952
Free-cash
31 800
30 763
22 765
32 907

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45865
₴41936
₴42649
₴43179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 433
social contributions
-
-
-
7 987
health
-
-
-
2 002
total
-
-
-
24 422
Employee
37 959
37 959
72 902
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
14 049
-
health
294
645
1 239
-
total
5 862
7 309
19 537
-
Employer
37 959
37 959
72 902
-
health
319
703
1 349
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 598
-
Corporate
59 454
36 688
-
-
income
7 432
4 586
-
-
total
7 432
4 586
-
-
Dividends
52 022
32 102
-
-
withholding
8 844
5 458
-
-
total
8 844
5 458
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 892
21 206
25 135
24 422
After tax
54 608
57 294
53 365
54 078
Living cost
11 429
11 429
11 429
11 429
Free-cash
43 179
45 865
41 936
42 649

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57168
₴47904
₴57805
₴54658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 917
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
12 857
Employee

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

11 331
-
73 676
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
6 693
-
health
963
-
3 981
-
total
3 493
-
17 934
-
Employer

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

11 331
-
73 676
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
66 003
78 500
-
-
income
5 940
7 065
-
-
total
5 940
7 065
-
-
Dividends
60 063
71 435
-
-
withholding
5 405
6 429
-
-
total
5 405
6 429
-
-
Income
78 500
78 500
78 500
78 500
Total tax
16 004
13 494
22 758
12 857
After tax
62 496
65 006
55 742
65 643
Living cost
7 838
7 838
7 838
7 838
Free-cash
54 658
57 168
47 904
57 805

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38853
₴28503
₴30574
₴36661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
412
income
-
-
-
20 625
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
34 351
Employee
18 253
-
63 913
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
18 930
-
total
4 678
-
21 836
-
Employer
18 253
-
63 913
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
54 428
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.

8 164
11 775
-
-
total
8 164
11 775
-
-
Dividends
46 264
66 725
-
-
withholding
9 603
14 297
-
-
total
9 603
14 297
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 264
26 072
36 422
34 351
After tax
50 236
52 428
42 078
44 149
Living cost
13 575
13 575
13 575
13 575
Free-cash
36 661
38 853
28 503
30 574

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48023
₴49431
₴49500
₴47866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 830
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
28 039
Employee
1 464
-
77 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
26 793
-
health
73
-
175
-
total
503
-
27 319
-
Employer
1 464
-
77 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
76 706
78 500
-
-
income
16 875
17 270
-
-
total
16 875
17 270
-
-
Dividends
59 831
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
28 039
After tax
48 827
48 984
50 392
50 461
Living cost
961
961
961
961
Free-cash
47 866
48 023
49 431
49 500

Estimated living cost  is ₴961 per week

₴571
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
₴48179
₴38609
₴38610
₴45750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 563
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
31 353
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.

12 873
-
71 970
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
17 563
-
health
663
-
1 879
-
total
4 336
-
24 823
-
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.

12 873
-
71 970
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
63 323
78 500
-
-
income
9 498
11 775
-
-
total
9 498
11 775
-
-
Dividends
53 824
66 725
-
-
withholding
8 074
10 009
-
-
total
8 074
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 213
21 784
31 354
31 353
After tax
54 287
56 716
47 146
47 147
Living cost
8 537
8 537
8 537
8 537
Free-cash
45 750
48 179
38 609
38 610

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31343
₴23324
₴29041
₴31164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 873
surtax
-
-
-
-
social contributions

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

-
-
-
27 278
total
-
-
-
36 151
Employee
19 160
-
63 435
-
surtax
-
-
-
-
social contributions
2 108
-
6 978
-
income
3 744
-
19 825
-
total
5 852
-
26 803
-
Employer
19 160
-
63 435
-
social contributions
4 550
-
15 065
-
total
4 550
-
15 065
-
Corporate
54 790
78 500
-
-
income
11 506
16 485
-
-
surtax
-
-
-
-
total
11 506
16 485
-
-
Dividends
43 285
62 015
-
-
withholding
12 120
17 364
-
-
total
12 120
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 028
33 849
41 868
36 151
After tax
44 472
44 651
36 632
42 349
Living cost
13 308
13 308
13 308
13 308
Free-cash
31 164
31 343
23 324
29 041

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35079
₴24729
₴26800
₴31712
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
412
income
-
-
-
20 625
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
34 351
Employee
23 841
-
63 913
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
18 930
-
total
6 491
-
21 836
-
Employer
23 841
-
63 913
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
47 058
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.

7 059
11 775
-
-
total
7 059
11 775
-
-
Dividends
39 999
66 725
-
-
withholding
8 288
14 297
-
-
total
8 288
14 297
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 439
26 072
36 422
34 351
After tax
49 061
52 428
42 078
44 149
Living cost
17 349
17 349
17 349
17 349
Free-cash
31 712
35 079
24 729
26 800

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58614
₴56597
₴53611
₴55600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 775
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
16 385
Employee
11 260
-
75 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
7 511
-
health
518
-
794
-
total
2 757
-
10 011
-
Employer
11 260
-
75 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
65 031
78 500
-
-
income
6 503
7 850
-
-
total
6 503
7 850
-
-
Dividends
58 528
70 650
-
-
withholding
2 926
3 532
-
-
total
2 926
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 396
11 382
13 399
16 385
After tax
64 104
67 118
65 101
62 115
Living cost
8 504
8 504
8 504
8 504
Free-cash
55 600
58 614
56 597
53 611

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21356
₴31459
₴23488
₴27813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
23 328
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.

-
-
-
1 283
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.

-
-
-
3 372
trade
-
-
-
7 971
total
-
-
-
35 954
Employee

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

24 562
-
78 500
-
surtax

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

111
-
1 283
-
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.

2 020
-
23 328
-
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.

3 372
-
3 372
-
total
5 503
-
27 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 938
78 500
-
-
income
8 091
11 775
-
-
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.

445
647
-
-
chamber of commerce
154
190
-
-
trade
7 740
11 265
-
-
total
16 430
23 877
-
-
Dividends
37 509
54 622
-
-
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.

506
741
-
-
withholding
9 190
13 468
-
-
total
9 696
14 209
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 629
38 086
27 983
35 954
After tax
46 871
40 414
50 517
42 546
Living cost
19 058
19 058
19 058
19 058
Free-cash
27 813
21 356
31 459
23 488

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26830
₴14238
₴14238
₴27920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 241
social contributions
-
-
-
12 901
total
-
-
-
36 142
Employee
38 614
-
78 500
-
income
7 286
-
23 241
-
social contributions
3 208
-
12 901
-
total
10 494
-
36 142
-
Employer
38 614
-
78 500
-
total
-
-
-
-
Corporate
39 886
78 500
-
-
income
4 986
9 813
-
-
total
4 986
9 813
-
-
Dividends
34 900
68 687
-
-
withholding
6 980
13 737
-
-
total
6 980
13 737
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 460
23 550
36 142
36 142
After tax
56 040
54 950
42 358
42 358
Living cost
28 120
28 120
28 120
28 120
Free-cash
27 920
26 830
14 238
14 238

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30497
₴38410
₴43545
₴32222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
76 229
-
income
2 457
-
17 628
-
social contributions
2 269
-
2 271
-
total
4 726
-
19 899
-
Employer
22 646
-
76 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
53 585
78 500
-
-
income
18 755
27 475
-
-
total
18 755
27 475
-
-
Dividends
34 831
51 025
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 358
30 083
22 170
17 035
After tax
50 142
48 417
56 330
61 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
32 222
30 497
38 410
43 545

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34014
₴27276
₴34425
₴36920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 593
pensions
-
-
-
4 256
total
-
-
-
25 849
Employee
25 018
-
68 648
-
pensions
1 909
-
5 293
-
income
4 556
-
16 827
-
health
326
-
1 026
-
total
6 791
-
23 146
-
Employer
25 018
-
68 648
-
health
475
-
1 304
-
pensions
2 528
-
8 548
-
total
3 003
-
9 852
-
Corporate
50 479
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.

9 591
14 915
-
-
total
9 591
14 915
-
-
Dividends
40 889
63 585
-
-
withholding
3 969
11 345
-
-
total
3 969
11 345
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 354
26 260
32 998
25 849
After tax
55 146
52 240
45 502
52 651
Living cost
18 226
18 226
18 226
18 226
Free-cash
36 920
34 014
27 276
34 425

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴5547
₴30399
₴41793
₴4532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
21 322
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
24 802
Employee
18 727
-
70 106
-
pensions
2 109
-
3 813
-
income
2 569
-
15 961
-
health
2 144
-
8 027
-
total
6 822
-
27 801
-
Employer
18 727
-
70 106
-
pensions
3 045
-
5 506
-
accident
313
-
1 171
-
unemployment
459
-
1 718
-
total
3 817
-
8 395
-
Corporate
55 957
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.

50 361
70 650
-
-
total
50 361
70 650
-
-
Dividends
5 596
7 850
-
-
withholding
1 063
1 492
-
-
total
1 063
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 063
72 142
36 196
24 802
After tax
16 437
6 358
42 304
53 698
Living cost
11 905
11 905
11 905
11 905
Free-cash
4 532
-5 547
30 399
41 793

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴59388
₴48157
₴37427
₴57077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 815
unemployment
-
-
-
942
work injury
-
-
-
393
health insurance
-
-
-
5 809
pensions
-
-
-
14 444
total
-
-
-
34 403
Employee

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

10 671
-
78 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
12 815
-
total
4 002
-
23 673
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 829
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%.

678
785
-
-
total
678
785
-
-
Dividends
67 150
77 715
-
-
withholding
10 073
11 657
-
-
total
10 073
11 657
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 753
12 442
23 673
34 403
After tax
63 747
66 058
54 827
44 097
Living cost
6 670
6 670
6 670
6 670
Free-cash
57 077
59 388
48 157
37 427

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21682
₴13971
₴17415
₴19437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 191
regional
-
-
-
1 789
municipal
-
-
-
525
national
-
-
-
18 914
total
-
-
-
41 419
Employee
41 598
-
78 500
-
municipal
248
-
468
-
national
7 030
-
16 339
-
regional
628
-
1 586
-
social contributions
14 027
-
26 470
-
total
21 933
-
44 863
-
Employer
41 598
-
78 500
-
total
-
-
-
-
Corporate
36 902
78 500
-
-
municipal
1 779
3 784
-
-
nationa
8 856
18 840
-
-
total
10 635
22 624
-
-
Dividends
26 267
55 877
-
-
withholding
6 829
14 528
-
-
total
6 829
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 397
37 152
44 863
41 419
After tax
39 103
41 348
33 637
37 081
Living cost
19 666
19 666
19 666
19 666
Free-cash
19 437
21 682
13 971
17 415

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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