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
₴29768
₴35262
₴26647
₴24106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 263
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.

-
-
-
3 498
income

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

-
-
-
22 970
trade
-
-
-
8 615
total
-
-
-
36 346
Employee

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

19 582
-
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.

547
-
22 970
-
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.

30
-
1 263
-
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.

3 498
-
3 498
-
total
4 075
-
27 731
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 918
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.

486
648
-
-
chamber of commerce
162
190
-
-
income
8 837
11 775
-
-
trade
9 280
12 363
-
-
total
18 765
24 976
-
-
Dividends
40 153
53 524
-
-
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.

541
725
-
-
withholding
9 844
13 186
-
-
total
10 385
13 911
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 225
38 887
27 731
36 346
After tax
45 275
39 613
50 769
42 154
Living cost
15 507
15 507
15 507
15 507
Free-cash
29 768
24 106
35 262
26 647

Estimated living cost  is ₴15507 per week

₴9755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1808
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20199
₴18969
₴18354
₴20669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
13 108
pensions
-
-
-
9 420
municipal
-
-
-
8 459
social contributions
-
-
-
844
total
-
-
-
31 831
Employee
43 893
-
67 863
-
pensions
1 756
-
2 715
-
national
8 401
-
13 579
-
municipal
5 421
-
8 763
-
total
15 578
-
25 057
-
Employer
43 893
-
67 863
-
social contributions
472
-
730
-
pensions
3 511
-
5 429
-
total
3 983
-
6 159
-
Corporate
27 727
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%.

5 545
15 700
-
-
total
5 545
15 700
-
-
Dividends
22 182
62 800
-
-
withholding
4 880
13 816
-
-
total
4 880
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 986
29 516
31 216
31 831
After tax
48 514
48 984
47 284
46 669
Living cost
28 315
28 315
28 315
28 315
Free-cash
20 199
20 669
18 969
18 354

Estimated living cost  is ₴28315 per week

₴19245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47949
₴36946
₴15255
₴52149
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
20 017
income
-
-
-
12 961
microenterprise
-
-
-
-
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.

-
-
-
19 616
total
-
-
-
52 594
Employee
14 960
-
56 668
-
income
2 663
-
11 017
-
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.

1 646
-
6 234
-
total
4 309
-
17 251
-
Employer
14 960
-
56 668
-
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.

3 604
-
13 652
-
surtax
-
-
-
-
total
3 604
-
13 652
-
Corporate
59 936
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%.

11 987
15 700
-
-
total
11 987
15 700
-
-
Dividends

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

47 949
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
19 900
15 700
30 903
52 594
After tax
58 600
62 800
47 597
25 906
Living cost
10 651
10 651
10 651
10 651
Free-cash
47 949
52 149
36 946
15 255

Estimated living cost  is ₴10651 per week

₴6795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14106
₴26328
₴22703
₴17243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 999
health
-
-
-
6 313
income
-
-
-
22 037
total
-
-
-
34 349
Employee
43 721
43 721
68 985
-
income

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

7 156
7 156
8 897
-
pensions
7 870
5 999
5 999
-
health
6 711
5 708
6 313
-
total
21 737
18 863
21 209
-
Employer
43 721
43 721
68 985
-
unemployment
1 574
1 574
1 956
-
health
3 039
3 039
3 777
-
pensions
3 043
3 043
3 782
-
total
7 656
7 656
9 515
-
Corporate
27 659
27 123
-
-
income
5 532
5 424
-
-
total
5 532
5 424
-
-
Dividends
22 127
21 699
-
-
income
4 702
4 611
-
-
withholding
3 319
3 255
-
-
total
8 021
7 866
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 946
39 809
30 724
34 349
After tax
35 554
38 691
47 776
44 151
Living cost
21 448
21 448
21 448
21 448
Free-cash
14 106
17 243
26 328
22 703

Estimated living cost  is ₴21448 per week

₴15199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22007
₴20131
₴20626
₴22464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
4 981
pensions
-
-
-
4 832
health
-
-
-
2 789
municipal
-
-
-
19 547
other
-
-
-
5 194
total
-
-
-
37 477
Employee
29 064
-
64 454
-
national
-
-
4 708
-
municipal
8 667
-
19 220
-
total
8 667
-
23 928
-
Employer
29 064
-
64 454
-
accident
58
-
89
-
unemployment
767
-
1 180
-
health
1 787
-
2 749
-
pensions
3 142
-
4 832
-
other
3 377
-
5 194
-
total
9 131
-
14 044
-
Corporate
40 305
78 500
-
-
income
8 867
17 270
-
-
total
8 867
17 270
-
-
Dividends
31 438
61 230
-
-
withholding
9 431
18 369
-
-
total
9 431
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 096
35 639
37 972
37 477
After tax
42 404
42 861
40 528
41 023
Living cost
20 397
20 397
20 397
20 397
Free-cash
22 007
22 464
20 131
20 626

Estimated living cost  is ₴20397 per week

₴13518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26289
₴30656
₴21658
₴19095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 263
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.

-
-
-
3 498
income

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

-
-
-
22 970
trade
-
-
-
8 998
total
-
-
-
36 729
Employee

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

25 963
-
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.

2 231
-
22 970
-
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.

122
-
1 263
-
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.

3 498
-
3 498
-
total
5 851
-
27 731
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 537
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.

433
648
-
-
chamber of commerce
153
189
-
-
income
7 880
11 775
-
-
trade
8 642
12 913
-
-
total
17 108
25 525
-
-
Dividends
35 428
52 975
-
-
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.

476
718
-
-
withholding
8 663
13 049
-
-
total
9 139
13 767
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 098
39 292
27 731
36 729
After tax
46 402
39 208
50 769
41 771
Living cost
20 113
20 113
20 113
20 113
Free-cash
26 289
19 095
30 656
21 658

Estimated living cost  is ₴20113 per week

₴13451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38574
₴36911
₴37634
₴40700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
2 001
income
-
-
-
13 975
social contributions
-
-
-
8 284
total
-
-
-
24 260
Employee
39 369
39 369
72 747
-
income
4 134
3 644
13 586
-
social contributions
1 913
3 267
4 407
-
health
392
669
1 237
-
total
6 439
7 580
19 230
-
Employer
39 369
39 369
72 747
-
social contributions
1 913
3 267
4 407
-
health
427
729
1 346
-
total
2 340
3 996
5 753
-
Corporate
53 116
35 135
-
-
income
6 640
4 392
-
-
total
6 640
4 392
-
-
Dividends
46 476
30 744
-
-
withholding
7 901
5 226
-
-
total
7 901
5 226
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 320
21 194
24 983
24 260
After tax
55 180
57 306
53 517
54 240
Living cost
16 606
16 606
16 606
16 606
Free-cash
38 574
40 700
36 911
37 634

Estimated living cost  is ₴16606 per week

₴11352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1297
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.
₴3678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34398
₴35563
₴44437
₴34191
S + D Salary + Dividends

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

Dividends

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

Salary

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

14 355
5 713
65 690
-
income
1 755
698
8 031
-
pensions
1 435
571
6 569
-
unemployment
215
86
985
-
health
1 005
400
4 598
-
total
4 410
1 755
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.

14 355
5 713
65 690
-
pensions
2 799
1 114
12 810
-
total
2 799
1 114
12 810
-
Corporate
61 346
71 673
-
-
income
5 521
6 451
-
-
total
5 521
6 451
-
-
Dividends
55 825
65 222
-
-
social contributions
10 821
12 653
-
-
withholding
10 607
12 392
-
-
total
21 428
25 045
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 158
34 365
32 993
24 119
After tax
44 342
44 135
45 507
54 381
Living cost
9 944
9 944
9 944
9 944
Free-cash
34 398
34 191
35 563
44 437

Estimated living cost  is ₴9944 per week

₴6786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47253
₴32879
₴29710
₴50434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
15 700
health
-
-
-
10 205
income
-
-
-
10 519
total
-
-
-
36 424
Employee
14 524
-
58 670
-
income
1 635
-
11 312
-
pensions
291
-
1 174
-
unemployment
232
-
939
-
total
2 158
-
13 425
-
Employer
14 524
-
58 670
-
unemployment
117
-
469
-
health
1 888
-
7 627
-
pensions
2 905
-
11 734
-
total
4 910
-
19 830
-
Corporate
59 067
78 500
-
-
income
11 813
15 700
-
-
total
11 813
15 700
-
-
Dividends
47 253
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 881
15 700
33 255
36 424
After tax
59 619
62 800
45 245
42 076
Living cost
12 366
12 366
12 366
12 366
Free-cash
47 253
50 434
32 879
29 710

Estimated living cost  is ₴12366 per week

₴8482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4660
₴31224
₴42637
-₴4705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
21 298
other
-
-
-
186
total
-
-
-
24 800
Employee
17 403
-
70 073
-
income
2 387
-
15 927
-
pensions
1 960
-
3 836
-
health
1 993
-
8 023
-
total
6 340
-
27 786
-
Employer
17 403
-
70 073
-
accident
291
-
1 170
-
unemployment
426
-
1 717
-
pensions
2 830
-
5 540
-
total
3 547
-
8 427
-
Corporate
57 551
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.

51 796
70 650
-
-
total
51 796
70 650
-
-
Dividends
5 755
7 850
-
-
withholding
1 094
1 492
-
-
total
1 094
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 777
72 142
36 213
24 800
After tax
15 723
6 358
42 287
53 700
Living cost
11 063
11 063
11 063
11 063
Free-cash
4 660
-4 705
31 224
42 637

Estimated living cost  is ₴11063 per week

₴8108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69220
₴58290
₴73205
₴70065
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
78 500
microenterprise

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

-
-
-
785
total
-
-
-
785
Employee
5 637
-
78 500
-
income
1 127
-
15 700
-
total
1 127
-
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%.

72 863
78 500
-
-
total
-
-
-
-
Dividends
72 863
78 500
-
-
withholding
3 643
3 925
-
-
total
3 643
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
4 770
3 925
15 700
785
After tax
73 730
74 575
62 800
77 715
Living cost
4 510
4 510
4 510
4 510
Free-cash
69 220
70 065
58 290
73 205

Estimated living cost  is ₴4510 per week

₴2795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40573
₴31131
₴28043
₴44032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
18 685
health
-
-
-
3 426
income
-
-
-
11 006
other
-
-
-
3 698
total
-
-
-
36 815
Employee
18 589
-
62 701
-
income
3 200
-
12 036
-
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.

1 301
-
4 389
-
unemployment
186
-
627
-
health
260
-
877
-
total
4 947
-
17 929
-
Employer
18 589
-
62 701
-
accident
149
-
501
-
unemployment
186
-
627
-
health
260
-
877
-
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.

3 161
-
10 659
-
other
930
-
3 134
-
total
4 686
-
15 798
-
Corporate
55 226
78 500
-
-
income
11 598
16 485
-
-
total
11 598
16 485
-
-
Dividends
43 628
62 015
-
-
withholding
3 054
4 341
-
-
total
3 054
4 341
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 285
20 826
33 727
36 815
After tax
54 215
57 674
44 773
41 685
Living cost
13 642
13 642
13 642
13 642
Free-cash
40 573
44 032
31 131
28 043

Estimated living cost  is ₴13642 per week

₴9639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16957
₴11124
₴18303
₴18057
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 412
income
-
-
-
21 058
total
-
-
-
25 470
Employee
49 133
-
68 694
-
income
8 857
-
16 274
-
pensions
4 740
-
5 522
-
health
810
-
1 047
-
total
14 407
-
22 843
-
Employer
49 133
-
68 694
-
health
933
-
1 305
-
pensions
5 801
-
8 501
-
total
6 734
-
9 806
-
Corporate
22 632
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.

4 300
14 915
-
-
total
4 300
14 915
-
-
Dividends
18 333
63 585
-
-
withholding
1 375
10 801
-
-
total
1 375
10 801
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 816
25 716
32 649
25 470
After tax
51 684
52 784
45 851
53 030
Living cost
34 727
34 727
34 727
34 727
Free-cash
16 957
18 057
11 124
18 303

Estimated living cost  is ₴34727 per week

₴26021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4080
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.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴57732
₴57785
₴54864
₴60187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
11 775
total
-
-
-
16 705
Employee
9 177
-
74 877
-
income
918
-
7 488
-
pensions

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

806
-
1 621
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
health
422
-
849
-
total
2 247
-
10 161
-
Employer
9 177
-
74 877
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
unemployment
55
-
111
-
health
633
-
1 274
-
pensions

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

1 011
-
2 035
-
total
1 800
-
3 623
-
Corporate
67 522
78 500
-
-
income
6 752
7 850
-
-
total
6 752
7 850
-
-
Dividends
60 770
70 650
-
-
withholding
3 038
3 532
-
-
total
3 038
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 837
11 382
13 784
16 705
After tax
64 663
67 118
64 716
61 795
Living cost
6 931
6 931
6 931
6 931
Free-cash
57 732
60 187
57 785
54 864

Estimated living cost  is ₴6931 per week

₴4046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11589
₴19386
₴15761
₴10301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 999
health
-
-
-
6 313
income
-
-
-
22 037
total
-
-
-
34 349
Employee
47 467
43 721
68 985
-
income

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

7 156
7 156
8 897
-
pensions
5 999
5 999
5 999
-
health
5 922
5 708
6 313
-
total
19 077
18 863
21 209
-
Employer
47 467
43 721
68 985
-
unemployment
1 709
1 574
1 956
-
health
3 299
3 039
3 777
-
pensions
3 303
3 043
3 782
-
total
8 311
7 656
9 515
-
Corporate
22 722
27 123
-
-
income
4 544
5 424
-
-
total
4 544
5 424
-
-
Dividends
18 178
21 699
-
-
income
3 863
4 611
-
-
withholding
2 726
3 255
-
-
total
6 589
7 866
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 521
39 809
30 724
34 349
After tax
39 979
38 691
47 776
44 151
Living cost
28 390
28 390
28 390
28 390
Free-cash
11 589
10 301
19 386
15 761

Estimated living cost  is ₴28390 per week

₴20942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2536
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36862
₴27169
₴29558
₴41381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
10 598
solidarity contribution
-
-
-
-
income
-
-
-
7 452
social contributions
-
-
-
18 226
total
-
-
-
36 276
Employee
18 626
-
58 582
-
solidarity contribution
-
-
-
-
income
2 235
-
7 030
-
social contributions
1 211
-
3 808
-
health
2 515
-
7 909
-
total
5 961
-
18 747
-
Employer
18 626
-
58 582
-
social contributions
4 657
-
14 646
-
health
1 676
-
5 272
-
total
6 333
-
19 918
-
Corporate
53 541
78 500
-
-
income
10 173
14 915
-
-
total
10 173
14 915
-
-
Dividends
43 368
63 585
-
-
withholding
6 505
9 538
-
-
total
6 505
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 972
24 453
38 665
36 276
After tax
49 528
54 047
39 835
42 224
Living cost
12 666
12 666
12 666
12 666
Free-cash
36 862
41 381
27 169
29 558

Estimated living cost  is ₴12666 per week

₴8798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17607
₴13008
₴16597
₴20280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 728
regional
-
-
-
915
municipal
-
-
-
466
social contributions
-
-
-
20 190
total
-
-
-
40 299
Employee
45 502
-
78 500
-
regional
429
-
805
-
national
7 884
-
16 196
-
social contributions
15 343
-
26 471
-
municipal
241
-
416
-
total
23 897
-
43 888
-
Employer
45 502
-
78 500
-
total
-
-
-
-
Corporate
32 998
78 500
-
-
nationa
7 919
18 840
-
-
municipal
1 287
3 061
-
-
total
9 206
21 901
-
-
Dividends
23 792
56 599
-
-
withholding
6 186
14 715
-
-
total
6 186
14 715
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 289
36 616
43 888
40 299
After tax
39 211
41 884
34 612
38 201
Living cost
21 604
21 604
21 604
21 604
Free-cash
17 607
20 280
13 008
16 597

Estimated living cost  is ₴21604 per week

₴15059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36485
₴23337
₴25955
₴38079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
117
surtax
-
-
-
2 863
pensions
-
-
-
13 666
health
-
-
-
4 851
income
-
-
-
19 750
other
-
-
-
-
total
-
-
-
41 247
Employee
16 931
-
64 849
-
other
-
-
-
-
income
2 838
-
17 271
-
pensions
1 129
-
4 325
-
surtax
55
-
2 450
-
unemployment
1 179
-
4 514
-
health
432
-
1 654
-
total
5 633
-
30 214
-
Employer
16 931
-
64 849
-
unemployment
536
-
2 056
-
health
770
-
2 951
-
pensions
2 257
-
8 644
-
other
-
-
-
-
total
3 563
-
13 651
-
Corporate
58 005
78 500
-
-
income
15 082
20 410
-
-
total
15 082
20 410
-
-
Dividends
42 924
58 090
-
-
withholding
6 439
8 713
-
-
total
6 439
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 717
29 123
43 865
41 247
After tax
47 783
49 377
34 635
37 253
Living cost
11 298
11 298
11 298
11 298
Free-cash
36 485
38 079
23 337
25 955

Estimated living cost  is ₴11298 per week

₴6908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31006
₴22127
₴29306
₴29060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 412
income
-
-
-
21 058
total
-
-
-
25 470
Employee
32 928
-
68 694
-
income
5 930
-
16 274
-
pensions
2 795
-
5 522
-
health
478
-
1 047
-
total
9 203
-
22 843
-
Employer
32 928
-
68 694
-
health
626
-
1 305
-
pensions
3 564
-
8 501
-
total
4 190
-
9 806
-
Corporate
41 382
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.

7 863
14 915
-
-
total
7 863
14 915
-
-
Dividends
33 519
63 585
-
-
withholding
2 514
10 801
-
-
total
2 514
10 801
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 770
25 716
32 649
25 470
After tax
54 730
52 784
45 851
53 030
Living cost
23 724
23 724
23 724
23 724
Free-cash
31 006
29 060
22 127
29 306

Estimated living cost  is ₴23724 per week

₴17774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12668
₴19823
₴23637
-₴4702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
963
pensions
-
-
-
7 222
health
-
-
-
176
regional
-
-
-
3 505
city
-
-
-
828
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
total
-
-
-
14 264
Employee
47 511
-
70 261
-
pensions
3 992
-
5 902
-
regional
1 556
-
3 016
-
national
225
-
781
-
unemployment
-
-
-
-
health
107
-
158
-
city
510
-
755
-
total
6 390
-
10 612
-
Employer
47 511
-
70 261
-
unemployment
-
-
-
-
health
107
-
158
-
pensions
3 992
-
5 902
-
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.

950
-
1 406
-
total
5 049
-
7 466
-
Corporate
25 417
78 500
-
-
national
2 161
6 672
-
-
regional
5 375
16 602
-
-
total
7 536
23 274
-
-
Dividends
17 882
55 225
-
-
withholding
6 258
19 329
-
-
total
6 258
19 329
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 233
42 603
18 078
14 264
After tax
53 267
35 897
60 422
64 236
Living cost
40 599
40 599
40 599
40 599
Free-cash
12 668
-4 702
19 823
23 637

Estimated living cost  is ₴40599 per week

₴26401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3643
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23652
₴27315
₴17934
₴15350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 263
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.

-
-
-
3 498
income

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

-
-
-
22 970
trade
-
-
-
9 381
total
-
-
-
37 112
Employee

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

30 769
-
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.

3 618
-
22 970
-
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.

199
-
1 263
-
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.

3 498
-
3 498
-
total
7 315
-
27 731
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 731
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.

393
648
-
-
chamber of commerce
145
188
-
-
income
7 160
11 775
-
-
trade
8 186
13 463
-
-
total
15 884
26 074
-
-
Dividends
31 848
52 426
-
-
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.

427
710
-
-
withholding
7 768
12 912
-
-
total
8 195
13 622
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 394
39 696
27 731
37 112
After tax
47 106
38 804
50 769
41 388
Living cost
23 454
23 454
23 454
23 454
Free-cash
23 652
15 350
27 315
17 934

Estimated living cost  is ₴23454 per week

₴17130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25070
₴26926
₴26908
₴22048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
15 111
health
-
-
-
2 955
income
-
-
-
11 338
social contributions
-
-
-
2 237
other
-
-
-
2 434
total
-
-
-
34 075
Employee
21 912
-
61 480
-
income
1 293
-
11 310
-
pensions
2 478
-
3 974
-
surtax
-
-
-
-
social contributions
625
-
1 752
-
total
4 396
-
17 036
-
Employer
21 912
-
61 480
-
unemployment
887
-
2 490
-
social contributions
66
-
185
-
health
1 534
-
5 332
-
pensions
3 600
-
6 744
-
other
756
-
2 270
-
total
6 843
-
17 021
-
Corporate
49 745
78 500
-
-
surtax
-
-
-
-
income
13 929
21 980
-
-
total
13 929
21 980
-
-
Dividends
35 817
56 520
-
-
surtax
-
-
-
-
social contributions
6 161
9 722
-
-
withholding
4 585
7 234
-
-
total
10 746
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 914
38 936
34 057
34 075
After tax
42 586
39 564
44 443
44 425
Living cost
17 516
17 516
17 516
17 516
Free-cash
25 070
22 048
26 926
26 908

Estimated living cost  is ₴17516 per week

₴11045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26628
₴28662
₴28644
₴23783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
15 111
health
-
-
-
2 955
income
-
-
-
11 338
social contributions
-
-
-
2 237
other
-
-
-
2 434
total
-
-
-
34 075
Employee
19 559
-
61 480
-
income
1 008
-
11 310
-
pensions
2 212
-
3 974
-
surtax
-
-
-
-
social contributions
558
-
1 752
-
total
3 778
-
17 036
-
Employer
19 559
-
61 480
-
unemployment
792
-
2 490
-
social contributions
58
-
185
-
health
1 369
-
5 332
-
pensions
3 214
-
6 744
-
other
675
-
2 270
-
total
6 108
-
17 021
-
Corporate
52 832
78 500
-
-
surtax
-
-
-
-
income
14 793
21 980
-
-
total
14 793
21 980
-
-
Dividends
38 039
56 520
-
-
surtax
-
-
-
-
social contributions
6 543
9 722
-
-
withholding
4 869
7 234
-
-
total
11 412
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 091
38 936
34 057
34 075
After tax
42 409
39 564
44 443
44 425
Living cost
15 781
15 781
15 781
15 781
Free-cash
26 628
23 783
28 662
28 644

Estimated living cost  is ₴15781 per week

₴9152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37301
₴38281
₴39556
₴37036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
5 480
income
-
-
-
11 775
social contributions
-
-
-
10 833
total
-
-
-
28 088
Employee
17 359
-
78 500
-
income
2 895
-
13 050
-
social contributions
2 396
-
10 833
-
health
1 212
-
5 480
-
total
6 503
-
29 363
-
Employer
17 359
-
78 500
-
total
-
-
-
-
Corporate
61 141
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%.

3 057
3 925
-
-
total
3 057
3 925
-
-
Dividends
58 084
74 575
-
-
social contributions
8 016
10 291
-
-
withholding
8 713
11 186
-
-
health
4 054
5 206
-
-
total
20 783
26 683
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 343
30 608
29 363
28 088
After tax
48 157
47 892
49 137
50 412
Living cost
10 856
10 856
10 856
10 856
Free-cash
37 301
37 036
38 281
39 556

Estimated living cost  is ₴10856 per week

₴7265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24712
₴2445
₴22218
₴25506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 140
surtax
-
-
-
101
pensions
-
-
-
11 065
health
-
-
-
4 575
income
-
-
-
19 047
chamber of commerce
-
-
-
314
total
-
-
-
38 242
Employee
25 586
20 403
61 092
-
other
256
204
598
-
income
2 913
1 505
14 989
-
pensions
2 620
2 089
6 125
-
unemployment
768
612
1 795
-
health
990
790
2 314
-
total
7 547
5 200
25 821
-
Employer
25 586
20 403
61 092
-
chamber of commerce
102
82
245
-
surtax
101
101
101
-
accident
332
265
777
-
payroll
768
612
1 832
-
unemployment
768
612
1 795
-
health
967
771
2 261
-
pensions
3 211
2 561
7 506
-
other
1 215
969
2 890
-
total
7 464
5 973
17 407
-
Corporate
45 450
52 124
59 149
-
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.

11 363
13 031
14 787
-
total
11 363
13 031
14 787
-
Dividends
34 087
39 093
-
-
withholding
9 374
10 750
-
-
total
9 374
10 750
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 748
34 954
58 015
38 242
After tax
42 752
43 546
20 485
40 258
Living cost
18 040
18 040
18 040
18 040
Free-cash
24 712
25 506
2 445
22 218

Estimated living cost  is ₴18040 per week

₴12032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1539
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17581
₴9623
₴15521
₴25260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
28 097
communal

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

-
-
-
3 976
social contributions
-
-
-
12 239
total
-
-
-
44 312
Employee

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

36 622
-
60 800
-
pensions

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

2 747
-
4 560
-
communal

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

1 910
-
3 171
-
national
11 259
-
21 393
-
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.

319
-
529
-
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.

1 721
-
2 858
-
total
17 956
-
32 511
-
Employer

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

36 622
-
60 800
-
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.

476
-
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.

534
-
888
-
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.

2 252
-
3 740
-
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.

3 245
-
5 386
-
surtax
4 153
-
6 894
-
total
10 660
-
17 699
-
Corporate
31 218
78 500
-
-
surtax
125
314
-
-
income
6 243
15 700
-
-
total
6 368
16 014
-
-
Dividends
24 849
62 486
-
-
withholding

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

7 268
18 559
-
-
total
7 268
18 559
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 252
34 573
50 210
44 312
After tax
36 248
43 927
28 290
34 188
Living cost
18 667
18 667
18 667
18 667
Free-cash
17 581
25 260
9 623
15 521

Estimated living cost  is ₴18667 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30261
₴23546
₴25695
₴33976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
332
accident
-
-
-
427
pensions
-
-
-
13 429
income
-
-
-
20 079
other
-
-
-
48
total
-
-
-
34 315
Employee
25 485
-
63 372
-
other
25
-
48
-
income
5 377
-
18 321
-
pensions
1 198
-
2 231
-
unemployment
395
-
735
-
total
6 995
-
21 335
-
Employer
25 485
-
63 372
-
accident
504
-
940
-
unemployment
1 402
-
2 610
-
pensions
6 014
-
11 199
-
other
203
-
380
-
total
8 123
-
15 129
-
Corporate
44 892
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.

6 734
11 775
-
-
total
6 734
11 775
-
-
Dividends
38 158
66 725
-
-
withholding
7 897
14 259
-
-
total
7 897
14 259
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 749
26 034
36 464
34 315
After tax
48 751
52 466
42 036
44 185
Living cost
18 490
18 490
18 490
18 490
Free-cash
30 261
33 976
23 546
25 695

Estimated living cost  is ₴18490 per week

₴13616
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12808
₴15425
₴12295
₴18763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
662
surtax
-
-
-
3 892
pensions
-
-
-
11 766
communal
-
-
-
4 961
health
-
-
-
5 516
income
-
-
-
11 585
total
-
-
-
38 382
Employee
38 772
-
70 120
-
income
3 745
-
13 845
-
pensions
3 101
-
5 610
-
surtax
2 376
-
4 297
-
health
1 726
-
3 120
-
total
10 948
-
26 872
-
Employer
38 772
-
70 120
-
accident
349
-
632
-
health
1 182
-
2 138
-
pensions
3 101
-
5 610
-
total
4 632
-
8 380
-
Corporate
35 096
78 500
-
-
surtax
368
824
-
-
communal
2 369
5 299
-
-
income
5 264
11 775
-
-
total
8 001
17 898
-
-
Dividends
27 095
60 603
-
-
income
10 224
4 926
-
-
withholding
4 064
9 090
-
-
total
14 288
14 016
-
-
Income
78 500
78 500
78 500
78 500
Total tax
37 869
31 914
35 252
38 382
After tax
40 631
46 586
43 248
40 118
Living cost
27 823
27 823
27 823
27 823
Free-cash
12 808
18 763
15 425
12 295

Estimated living cost  is ₴27823 per week

₴20871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1686
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.
₴4971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36248
₴23135
₴25753
₴37877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
117
surtax
-
-
-
2 863
pensions
-
-
-
13 666
health
-
-
-
4 851
income
-
-
-
19 750
other
-
-
-
-
total
-
-
-
41 247
Employee
17 242
-
64 849
-
other
-
-
-
-
income
2 890
-
17 271
-
pensions
1 150
-
4 325
-
surtax
61
-
2 450
-
unemployment
1 200
-
4 514
-
health
440
-
1 654
-
total
5 741
-
30 214
-
Employer
17 242
-
64 849
-
unemployment
547
-
2 056
-
health
784
-
2 951
-
pensions
2 299
-
8 644
-
other
-
-
-
-
total
3 630
-
13 651
-
Corporate
57 629
78 500
-
-
income
14 984
20 410
-
-
total
14 984
20 410
-
-
Dividends
42 645
58 090
-
-
withholding
6 397
8 713
-
-
total
6 397
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 752
29 123
43 865
41 247
After tax
47 748
49 377
34 635
37 253
Living cost
11 500
11 500
11 500
11 500
Free-cash
36 248
37 877
23 135
25 753

Estimated living cost  is ₴11500 per week

₴6943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴3291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26333
₴20569
₴24140
₴27469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 728
regional
-
-
-
1 184
municipal
-
-
-
466
social contributions
-
-
-
20 190
total
-
-
-
40 568
Employee
28 400
-
78 500
-
regional
382
-
1 056
-
national
4 499
-
16 196
-
social contributions
9 577
-
26 471
-
municipal
151
-
416
-
total
14 609
-
44 139
-
Employer
28 400
-
78 500
-
total
-
-
-
-
Corporate
50 100
78 500
-
-
nationa
12 024
18 840
-
-
municipal
2 490
3 902
-
-
total
14 514
22 742
-
-
Dividends
35 585
55 758
-
-
withholding
9 252
14 497
-
-
total
9 252
14 497
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 375
37 239
44 139
40 568
After tax
40 125
41 261
34 361
37 932
Living cost
13 792
13 792
13 792
13 792
Free-cash
26 333
27 469
20 569
24 140

Estimated living cost  is ₴13792 per week

₴8577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32871
₴24227
₴26616
₴38439
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
10 598
solidarity contribution
-
-
-
-
income
-
-
-
7 452
social contributions
-
-
-
18 226
total
-
-
-
36 276
Employee
22 952
-
58 582
-
solidarity contribution
-
-
-
-
income
2 754
-
7 030
-
social contributions
1 492
-
3 808
-
health
3 099
-
7 909
-
total
7 345
-
18 747
-
Employer
22 952
-
58 582
-
social contributions
5 738
-
14 646
-
health
2 066
-
5 272
-
total
7 804
-
19 918
-
Corporate
47 744
78 500
-
-
income
9 071
14 915
-
-
total
9 071
14 915
-
-
Dividends
38 673
63 585
-
-
withholding
5 801
9 538
-
-
total
5 801
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 021
24 453
38 665
36 276
After tax
48 479
54 047
39 835
42 224
Living cost
15 608
15 608
15 608
15 608
Free-cash
32 871
38 439
24 227
26 616

Estimated living cost  is ₴15608 per week

₴11607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27014
₴4182
₴24025
₴27267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 140
surtax
-
-
-
-
pensions
-
-
-
11 065
health
-
-
-
4 575
income
-
-
-
19 047
chamber of commerce
-
-
-
314
total
-
-
-
38 141
Employee
22 380
20 403
61 187
-
other
223
204
598
-
income
1 994
1 505
15 028
-
pensions
2 292
2 089
6 125
-
unemployment
671
612
1 795
-
health
866
790
2 314
-
total
6 046
5 200
25 860
-
Employer
22 380
20 403
61 187
-
chamber of commerce
89
82
245
-
surtax
-
-
-
-
accident
291
265
777
-
payroll
671
612
1 835
-
unemployment
671
612
1 795
-
health
846
771
2 261
-
pensions
2 809
2 561
7 506
-
other
1 063
969
2 894
-
total
6 440
5 872
17 313
-
Corporate
49 679
52 225
59 243
-
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.

12 420
13 056
14 811
-
total
12 420
13 056
14 811
-
Dividends
37 260
39 169
-
-
withholding
10 246
10 771
-
-
total
10 246
10 771
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 152
34 899
57 984
38 141
After tax
43 348
43 601
20 516
40 359
Living cost
16 334
16 334
16 334
16 334
Free-cash
27 014
27 267
4 182
24 025

Estimated living cost  is ₴16334 per week

₴9798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66229
₴55772
₴70687
₴67547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 785
-
78 500
-
income
1 757
-
15 700
-
total
1 757
-
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%.

69 715
78 500
-
-
total
-
-
-
-
Dividends
69 715
78 500
-
-
withholding
3 486
3 925
-
-
total
3 486
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 243
3 925
15 700
785
After tax
73 257
74 575
62 800
77 715
Living cost
7 028
7 028
7 028
7 028
Free-cash
66 229
67 547
55 772
70 687

Estimated living cost  is ₴7028 per week

₴4756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
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.
₴1741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36033
₴23121
₴25200
₴40315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
118
pensions
-
-
-
14 336
health
-
-
-
7 724
income
-
-
-
17 390
total
-
-
-
39 568
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.

22 640
-
67 924
-
income
3 904
-
16 060
-
pensions
3 509
-
10 528
-
unemployment
32
-
95
-
health
1 462
-
4 388
-
total
8 907
-
31 071
-
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.

22 640
-
67 924
-
unemployment
14
-
41
-
health
1 508
-
4 524
-
pensions
2 003
-
6 011
-
total
3 525
-
10 576
-
Corporate
52 335
78 500
-
-
income
9 944
14 915
-
-
total
9 944
14 915
-
-
Dividends
42 391
63 585
-
-
withholding
6 359
9 538
-
-
total
6 359
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 735
24 453
41 647
39 568
After tax
49 765
54 047
36 853
38 932
Living cost
13 732
13 732
13 732
13 732
Free-cash
36 033
40 315
23 121
25 200

Estimated living cost  is ₴13732 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴880
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4441
₴47180
₴30248
₴23757
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
34 416
-
-
-
income
7 591
-
-
-
social contributions
2 822
-
402
-
total
10 413
-
402
-
Employer
34 416
-
-
-
social contributions
48 526
-
6 916
-
total
48 526
-
6 916
-
Corporate
-
78 500
-
-
income
-
17 270
-
-
total
-
17 270
-
-
Dividends
-
61 230
-
-
income
-
13 471
-
-
total
-
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
58 939
30 741
7 318
24 250
After tax
19 561
47 759
71 182
54 250
Living cost
24 002
24 002
24 002
24 002
Free-cash
-4 441
23 757
47 180
30 248

Estimated living cost  is ₴24002 per week

₴15574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2257
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28076
₴20780
₴26394
₴28592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
8 768
social contributions

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

-
-
-
27 279
total
-
-
-
36 047
Employee
23 547
-
63 434
-
income
4 898
-
19 618
-
surtax
-
-
-
-
social contributions
2 590
-
6 978
-
total
7 488
-
26 596
-
Employer
23 547
-
63 434
-
social contributions
5 592
-
15 065
-
total
5 592
-
15 065
-
Corporate
49 361
78 500
-
-
surtax
-
-
-
-
income
10 366
16 485
-
-
total
10 366
16 485
-
-
Dividends
38 995
62 015
-
-
withholding
10 919
17 364
-
-
total
10 919
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 365
33 849
41 661
36 047
After tax
44 135
44 651
36 839
42 453
Living cost
16 059
16 059
16 059
16 059
Free-cash
28 076
28 592
20 780
26 394

Estimated living cost  is ₴16059 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴947
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18355
₴19715
₴19697
₴14836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
15 111
health
-
-
-
2 955
income
-
-
-
11 338
social contributions
-
-
-
2 237
other
-
-
-
2 434
total
-
-
-
34 075
Employee
32 066
-
61 480
-
income
2 798
-
11 310
-
pensions
3 627
-
3 974
-
surtax
-
-
-
-
social contributions
913
-
1 752
-
total
7 338
-
17 036
-
Employer
32 066
-
61 480
-
unemployment
1 299
-
2 490
-
social contributions
96
-
185
-
health
2 244
-
5 332
-
pensions
5 269
-
6 744
-
other
1 107
-
2 270
-
total
10 015
-
17 021
-
Corporate
36 419
78 500
-
-
surtax
-
-
-
-
income
10 198
21 980
-
-
total
10 198
21 980
-
-
Dividends
26 221
56 520
-
-
surtax
-
-
-
-
social contributions
4 510
9 722
-
-
withholding
3 356
7 234
-
-
total
7 866
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 417
38 936
34 057
34 075
After tax
43 083
39 564
44 443
44 425
Living cost
24 728
24 728
24 728
24 728
Free-cash
18 355
14 836
19 715
19 697

Estimated living cost  is ₴24728 per week

₴16735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53540
₴44911
₴42825
₴55260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 014
social contributions
-
-
-
17 271
total
-
-
-
20 285
Employee
16 460
-
67 965
-
income
-
-
3 246
-
social contributions
1 070
-
4 418
-
total
1 070
-
7 664
-
Employer
16 460
-
67 965
-
social contributions
2 551
-
10 535
-
total
2 551
-
10 535
-
Corporate
59 489
78 500
-
-
income
5 949
7 850
-
-
total
5 949
7 850
-
-
Dividends
53 540
70 650
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
9 570
7 850
18 199
20 285
After tax
68 930
70 650
60 301
58 215
Living cost
15 390
15 390
15 390
15 390
Free-cash
53 540
55 260
44 911
42 825

Estimated living cost  is ₴15390 per week

₴9951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1160
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32836
-₴32836
₴22352
-₴32836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
8 840
pensions
-
-
-
443
municipal
-
-
-
16 010
labour market
-
-
-
6 245
total
-
-
-
31 538
Employee
103 873
103 873
103 873
-
labour market
8 298
8 298
8 298
-
pensions
148
148
148
-
national
12 690
12 690
12 690
-
municipal
22 119
22 119
22 119
-
total
43 255
43 255
43 255
-
Employer
103 873
103 873
103 873
-
labour market
8 310
8 310
8 310
-
national
12 712
12 712
12 712
-
municipal
22 154
22 154
22 154
-
pensions
295
295
295
-
total
43 471
43 471
43 471
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
86 726
86 726
86 726
31 538
After tax
-8 226
-8 226
-8 226
46 962
Living cost
24 610
24 610
24 610
24 610
Free-cash
-32 836
-32 836
-32 836
22 352

Estimated living cost  is ₴24610 per week

₴16843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4687
₴31387
₴42800
-₴4542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
21 298
other
-
-
-
186
total
-
-
-
24 800
Employee
17 146
-
70 073
-
income
2 352
-
15 927
-
pensions
1 931
-
3 836
-
health
1 963
-
8 023
-
total
6 246
-
27 786
-
Employer
17 146
-
70 073
-
accident
286
-
1 170
-
unemployment
420
-
1 717
-
pensions
2 788
-
5 540
-
total
3 494
-
8 427
-
Corporate
57 860
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.

52 074
70 650
-
-
total
52 074
70 650
-
-
Dividends
5 786
7 850
-
-
withholding
1 099
1 492
-
-
total
1 099
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 913
72 142
36 213
24 800
After tax
15 587
6 358
42 287
53 700
Living cost
10 900
10 900
10 900
10 900
Free-cash
4 687
-4 542
31 387
42 800

Estimated living cost  is ₴10900 per week

₴7934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31266
₴22267
₴32673
₴30259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
11 225
health
-
-
-
995
municipal
-
-
-
13 951
total
-
-
-
26 171
Employee
26 936
-
66 039
-
pensions
1 818
-
4 458
-
national
445
-
7 103
-
unemployment
404
-
991
-
municipal
4 412
-
10 761
-
health
201
-
803
-
total
7 280
-
24 116
-
Employer
26 936
-
66 039
-
accident
27
-
66
-
unemployment
175
-
429
-
health
207
-
508
-
pensions
4 673
-
11 458
-
total
5 082
-
12 461
-
Corporate
46 481
78 500
-
-
income
9 296
15 700
-
-
total
9 296
15 700
-
-
Dividends

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

27 889
47 100
-
-
national
900
4 407
-
-
municipal
5 020
8 478
-
-
total
5 920
12 885
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 578
28 585
36 577
26 171
After tax
50 922
49 915
41 923
52 329
Living cost
19 656
19 656
19 656
19 656
Free-cash
31 266
30 259
22 267
32 673

Estimated living cost  is ₴19656 per week

₴12839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42666
₴41663
₴42386
₴45452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
2 001
income
-
-
-
13 975
social contributions
-
-
-
8 284
total
-
-
-
24 260
Employee
39 369
39 369
72 747
-
income
4 287
3 644
13 586
-
social contributions
1 488
3 267
4 407
-
health
305
669
1 237
-
total
6 080
7 580
19 230
-
Employer
39 369
39 369
72 747
-
social contributions
1 488
3 267
4 407
-
health
331
729
1 346
-
total
1 819
3 996
5 753
-
Corporate
58 746
35 135
-
-
income
7 343
4 392
-
-
total
7 343
4 392
-
-
Dividends
51 403
30 744
-
-
withholding
8 738
5 226
-
-
total
8 738
5 226
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 980
21 194
24 983
24 260
After tax
54 520
57 306
53 517
54 240
Living cost
11 854
11 854
11 854
11 854
Free-cash
42 666
45 452
41 663
42 386

Estimated living cost  is ₴11854 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54274
₴47087
₴57356
₴56877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
pensions
-
-
-
3 257
health
-
-
-
1 853
income
-
-
-
7 890
total
-
-
-
13 015
Employee

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

11 752
-
73 496
-
income
803
-
6 621
-
pensions
1 762
-
7 287
-
unemployment
58
-
243
-
health
999
-
4 129
-
total
3 622
-
18 280
-
Employer

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

11 752
-
73 496
-
unemployment
58
-
243
-
health
505
-
2 089
-
pensions
646
-
2 672
-
total
1 209
-
5 004
-
Corporate
65 539
78 500
-
-
income
5 898
7 065
-
-
total
5 898
7 065
-
-
Dividends
59 640
71 435
-
-
withholding
5 368
6 429
-
-
total
5 368
6 429
-
-
Income
78 500
78 500
78 500
78 500
Total tax
16 097
13 494
23 284
13 015
After tax
62 403
65 006
55 216
65 485
Living cost
8 129
8 129
8 129
8 129
Free-cash
54 274
56 877
47 087
57 356

Estimated living cost  is ₴8129 per week

₴5186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36065
₴27957
₴30106
₴38387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
332
accident
-
-
-
427
pensions
-
-
-
13 429
income
-
-
-
20 079
other
-
-
-
48
total
-
-
-
34 315
Employee
18 931
-
63 372
-
other
18
-
48
-
income
3 650
-
18 321
-
pensions
890
-
2 231
-
unemployment
293
-
735
-
total
4 851
-
21 335
-
Employer
18 931
-
63 372
-
accident
375
-
940
-
unemployment
1 042
-
2 610
-
pensions
4 467
-
11 199
-
other
152
-
380
-
total
6 036
-
15 129
-
Corporate
53 534
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.

8 030
11 775
-
-
total
8 030
11 775
-
-
Dividends
45 504
66 725
-
-
withholding
9 439
14 259
-
-
total
9 439
14 259
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 356
26 034
36 464
34 315
After tax
50 144
52 466
42 036
44 185
Living cost
14 079
14 079
14 079
14 079
Free-cash
36 065
38 387
27 957
30 106

Estimated living cost  is ₴14079 per week

₴9503
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.
₴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.
₴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

Source of data for Valencia model

Close
Istanbul , Turkey
₴47960
₴49566
₴49628
₴48104
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
642
health
-
-
-
465
income
-
-
-
26 885
total
-
-
-
27 992
Employee
1 340
-
77 778
-
income
259
-
26 851
-
pensions
121
-
289
-
unemployment
13
-
32
-
health
67
-
160
-
total
460
-
27 332
-
Employer
1 340
-
77 778
-
unemployment
27
-
64
-
health
127
-
305
-
pensions
147
-
353
-
total
301
-
722
-
Corporate
76 859
78 500
-
-
income
16 909
17 270
-
-
total
16 909
17 270
-
-
Dividends
59 950
61 230
-
-
withholding
11 990
12 246
-
-
total
11 990
12 246
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 660
29 516
28 054
27 992
After tax
48 840
48 984
50 446
50 508
Living cost
880
880
880
880
Free-cash
47 960
48 104
49 566
49 628

Estimated living cost  is ₴880 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45366
₴37898
₴37899
₴47879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
566
pensions
-
-
-
9 818
health
-
-
-
3 889
income
-
-
-
17 491
total
-
-
-
31 764
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.

13 325
-
71 741
-
income
1 837
-
17 491
-
pensions
1 865
-
5 287
-
unemployment
100
-
283
-
health
686
-
1 945
-
total
4 488
-
25 006
-
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.

13 325
-
71 741
-
unemployment
100
-
283
-
health
686
-
1 945
-
pensions
1 599
-
4 531
-
total
2 385
-
6 759
-
Corporate
62 790
78 500
-
-
income
9 418
11 775
-
-
total
9 418
11 775
-
-
Dividends
53 371
66 725
-
-
withholding
8 006
10 009
-
-
total
8 006
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 297
21 784
31 765
31 764
After tax
54 203
56 716
46 735
46 736
Living cost
8 837
8 837
8 837
8 837
Free-cash
45 366
47 879
37 898
37 899

Estimated living cost  is ₴8837 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30663
₴23036
₴28650
₴30848
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
8 768
social contributions

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

-
-
-
27 279
total
-
-
-
36 047
Employee
19 871
-
63 434
-
income
3 883
-
19 618
-
surtax
-
-
-
-
social contributions
2 186
-
6 978
-
total
6 069
-
26 596
-
Employer
19 871
-
63 434
-
social contributions
4 719
-
15 065
-
total
4 719
-
15 065
-
Corporate
53 910
78 500
-
-
surtax
-
-
-
-
income
11 321
16 485
-
-
total
11 321
16 485
-
-
Dividends
42 589
62 015
-
-
withholding
11 925
17 364
-
-
total
11 925
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 034
33 849
41 661
36 047
After tax
44 466
44 651
36 839
42 453
Living cost
13 803
13 803
13 803
13 803
Free-cash
30 663
30 848
23 036
28 650

Estimated living cost  is ₴13803 per week

₴9776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
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.
₴2823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30932
₴24043
₴26192
₴34473
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
332
accident
-
-
-
427
pensions
-
-
-
13 429
income
-
-
-
20 079
other
-
-
-
48
total
-
-
-
34 315
Employee
24 726
-
63 372
-
other
24
-
48
-
income
5 164
-
18 321
-
pensions
1 162
-
2 231
-
unemployment
383
-
735
-
total
6 733
-
21 335
-
Employer
24 726
-
63 372
-
accident
490
-
940
-
unemployment
1 360
-
2 610
-
pensions
5 835
-
11 199
-
other
198
-
380
-
total
7 883
-
15 129
-
Corporate
45 890
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.

6 884
11 775
-
-
total
6 884
11 775
-
-
Dividends
39 007
66 725
-
-
withholding
8 075
14 259
-
-
total
8 075
14 259
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 575
26 034
36 464
34 315
After tax
48 925
52 466
42 036
44 185
Living cost
17 993
17 993
17 993
17 993
Free-cash
30 932
34 473
24 043
26 192

Estimated living cost  is ₴17993 per week

₴12922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3419
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54803
₴55623
₴52702
₴58025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
11 775
total
-
-
-
16 705
Employee
12 041
-
74 877
-
income
1 204
-
7 488
-
pensions

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

1 057
-
1 621
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
health
554
-
849
-
total
2 947
-
10 161
-
Employer
12 041
-
74 877
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
unemployment
72
-
111
-
health
831
-
1 274
-
pensions

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

1 327
-
2 035
-
total
2 362
-
3 623
-
Corporate
64 097
78 500
-
-
income
6 410
7 850
-
-
total
6 410
7 850
-
-
Dividends
57 687
70 650
-
-
withholding
2 885
3 532
-
-
total
2 885
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 604
11 382
13 784
16 705
After tax
63 896
67 118
64 716
61 795
Living cost
9 093
9 093
9 093
9 093
Free-cash
54 803
58 025
55 623
52 702

Estimated living cost  is ₴9093 per week

₴6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27351
₴31003
₴23154
₴20655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 263
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.

-
-
-
3 498
income

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

-
-
-
22 970
trade
-
-
-
7 849
total
-
-
-
35 580
Employee

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

25 474
-
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.

2 095
-
22 970
-
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.

116
-
1 263
-
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.

3 498
-
3 498
-
total
5 709
-
27 731
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 026
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.

437
648
-
-
chamber of commerce
155
192
-
-
income
7 954
11 775
-
-
trade
7 609
11 264
-
-
total
16 155
23 879
-
-
Dividends
36 870
54 621
-
-
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.

496
740
-
-
withholding
9 023
13 460
-
-
total
9 519
14 200
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 383
38 079
27 731
35 580
After tax
47 117
40 421
50 769
42 920
Living cost
19 766
19 766
19 766
19 766
Free-cash
27 351
20 655
31 003
23 154

Estimated living cost  is ₴19766 per week

₴13635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26916
₴13570
₴13570
₴25785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 938
social contributions
-
-
-
12 827
total
-
-
-
35 765
Employee
40 048
-
78 500
-
income
7 557
-
22 938
-
social contributions
3 327
-
12 827
-
total
10 884
-
35 765
-
Employer
40 048
-
78 500
-
total
-
-
-
-
Corporate
38 452
78 500
-
-
income
4 806
9 813
-
-
total
4 806
9 813
-
-
Dividends
33 645
68 687
-
-
withholding
6 729
13 737
-
-
total
6 729
13 737
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 419
23 550
35 765
35 765
After tax
56 081
54 950
42 735
42 735
Living cost
29 165
29 165
29 165
29 165
Free-cash
26 916
25 785
13 570
13 570

Estimated living cost  is ₴29165 per week

₴22188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2376
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.
₴4322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31525
₴37943
₴42093
₴29735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 248
income
-
-
-
14 574
total
-
-
-
17 822
Employee
23 487
-
76 145
-
income
2 548
-
17 262
-
social contributions
2 353
-
2 355
-
total
4 901
-
19 617
-
Employer
23 487
-
76 145
-
social contributions
2 353
-
2 355
-
total
2 353
-
2 355
-
Corporate
52 660
78 500
-
-
income
18 431
27 475
-
-
total
18 431
27 475
-
-
Dividends
34 229
51 025
-
-
social contributions
2 705
2 705
-
-
total
2 705
2 705
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 390
30 180
21 972
17 822
After tax
50 110
48 320
56 528
60 678
Living cost
18 585
18 585
18 585
18 585
Free-cash
31 525
29 735
37 943
42 093

Estimated living cost  is ₴18585 per week

₴12242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36571
₴26564
₴33743
₴33497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 412
income
-
-
-
21 058
total
-
-
-
25 470
Employee
26 474
-
68 694
-
income
4 821
-
16 274
-
pensions
2 021
-
5 522
-
health
345
-
1 047
-
total
7 187
-
22 843
-
Employer
26 474
-
68 694
-
health
503
-
1 305
-
pensions
2 675
-
8 501
-
total
3 178
-
9 806
-
Corporate
48 848
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.

9 281
14 915
-
-
total
9 281
14 915
-
-
Dividends
39 567
63 585
-
-
withholding
2 996
10 801
-
-
total
2 996
10 801
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 642
25 716
32 649
25 470
After tax
55 858
52 784
45 851
53 030
Living cost
19 287
19 287
19 287
19 287
Free-cash
36 571
33 497
26 564
33 743

Estimated living cost  is ₴19287 per week

₴13231
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4520
₴30308
₴41721
-₴5621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 092
health
-
-
-
1 097
income
-
-
-
21 298
other
-
-
-
186
total
-
-
-
24 800
Employee
18 843
-
70 073
-
income
2 585
-
15 927
-
pensions
2 122
-
3 836
-
health
2 157
-
8 023
-
total
6 864
-
27 786
-
Employer
18 843
-
70 073
-
accident
315
-
1 170
-
unemployment
462
-
1 717
-
pensions
3 064
-
5 540
-
total
3 841
-
8 427
-
Corporate
55 817
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.

50 235
70 650
-
-
total
50 235
70 650
-
-
Dividends
5 582
7 850
-
-
withholding
1 061
1 492
-
-
total
1 061
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 001
72 142
36 213
24 800
After tax
16 499
6 358
42 287
53 700
Living cost
11 979
11 979
11 979
11 979
Free-cash
4 520
-5 621
30 308
41 721

Estimated living cost  is ₴11979 per week

₴8791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56746
₴47559
₴37231
₴59142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
942
pensions
-
-
-
14 444
income
-
-
-
12 766
health insurance
-
-
-
5 809
work injury
-
-
-
392
total
-
-
-
34 353
Employee

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

11 066
-
78 500
-
income
1 107
-
12 766
-
pensions
2 036
-
7 533
-
health insurance
819
-
3 030
-
unemployment
133
-
491
-
work injury
55
-
205
-
total
4 150
-
24 025
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 434
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%.

674
785
-
-
total
674
785
-
-
Dividends
66 760
77 715
-
-
withholding
10 014
11 657
-
-
total
10 014
11 657
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 838
12 442
24 025
34 353
After tax
63 662
66 058
54 475
44 147
Living cost
6 916
6 916
6 916
6 916
Free-cash
56 746
59 142
47 559
37 231

Estimated living cost  is ₴6916 per week

₴4285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18624
₴13397
₴16876
₴20953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
18 728
regional
-
-
-
1 785
municipal
-
-
-
525
social contributions
-
-
-
20 190
total
-
-
-
41 228
Employee
43 143
-
78 500
-
regional
651
-
1 572
-
national
7 291
-
16 196
-
social contributions
14 547
-
26 471
-
municipal
257
-
468
-
total
22 746
-
44 707
-
Employer
43 143
-
78 500
-
total
-
-
-
-
Corporate
35 357
78 500
-
-
nationa
8 486
18 840
-
-
municipal
1 704
3 783
-
-
total
10 190
22 623
-
-
Dividends
25 168
55 877
-
-
withholding
6 544
14 528
-
-
total
6 544
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 480
37 151
44 707
41 228
After tax
39 020
41 349
33 793
37 272
Living cost
20 396
20 396
20 396
20 396
Free-cash
18 624
20 953
13 397
16 876

Estimated living cost  is ₴20396 per week

₴14327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4358
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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