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
₴29892
₴24304
₴35371
₴26707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 664
income

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

-
-
-
23 099
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.

-
-
-
3 452
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.

-
-
-
1 271
total
-
-
-
36 486
Employee

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

19 329
-
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.

30
-
1 271
-
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.

3 452
-
3 452
-
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.

540
-
23 099
-
total
4 022
-
27 822
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 171
78 500
-
-
trade
9 320
12 363
-
-
income
8 876
11 775
-
-
surtax

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

488
647
-
-
chamber of commerce
162
190
-
-
total
18 846
24 975
-
-
Dividends
40 326
53 525
-
-
withholding
9 889
13 189
-
-
surtax

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

544
725
-
-
total
10 433
13 914
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 301
38 889
27 822
36 486
After tax
45 199
39 611
50 678
42 014
Living cost
15 307
15 307
15 307
15 307
Free-cash
29 892
24 304
35 371
26 707

Estimated living cost  is ₴15307 per week

₴9628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22515
₴22947
₴21105
₴20490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
844
pensions
-
-
-
9 420
municipal
-
-
-
8 515
national
-
-
-
13 194
total
-
-
-
31 973
Employee
40 362
-
67 863
-
national
7 725
-
13 665
-
municipal
4 985
-
8 819
-
pensions
1 614
-
2 715
-
total
14 324
-
25 199
-
Employer
40 362
-
67 863
-
pensions
3 229
-
5 429
-
social contributions
434
-
730
-
total
3 663
-
6 159
-
Corporate
31 812
78 500
-
-
income

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

6 362
15 700
-
-
total
6 362
15 700
-
-
Dividends
25 449
62 800
-
-
withholding
5 599
13 816
-
-
total
5 599
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 948
29 516
31 358
31 973
After tax
48 552
48 984
47 142
46 527
Living cost
26 037
26 037
26 037
26 037
Free-cash
22 515
22 947
21 105
20 490

Estimated living cost  is ₴26037 per week

₴17697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴390
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48139
₴52286
₴36968
₴15581
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
78 500
social contributions

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

-
-
-
19 362
income
-
-
-
13 026
microenterprise
-
-
-
-
surtax
-
-
-
20 017
total
-
-
-
52 405
Employee
14 767
-
56 863
-
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.

1 625
-
6 255
-
income
2 629
-
11 065
-
total
4 254
-
17 320
-
Employer
14 767
-
56 863
-
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.

3 557
-
13 698
-
surtax
-
-
-
-
total
3 557
-
13 698
-
Corporate
60 176
78 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

12 036
15 700
-
-
total
12 036
15 700
-
-
Dividends

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

48 141
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
19 847
15 700
31 018
52 405
After tax
58 653
62 800
47 482
26 095
Living cost
10 514
10 514
10 514
10 514
Free-cash
48 139
52 286
36 968
15 581

Estimated living cost  is ₴10514 per week

₴6707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴14440
₴17538
₴26733
₴22900
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 277
pensions
-
-
-
5 921
health
-
-
-
6 232
total
-
-
-
34 430
Employee
43 155
43 155
69 108
-
health
6 624
5 634
6 232
-
pensions
7 768
5 921
5 921
-
income

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

7 064
7 064
9 053
-
total
21 456
18 619
21 206
-
Employer
43 155
43 155
69 108
-
pensions
3 004
3 004
3 733
-
unemployment
1 554
1 554
1 930
-
health
3 000
3 000
3 728
-
total
7 558
7 558
9 391
-
Corporate
28 317
27 788
-
-
income
5 664
5 557
-
-
total
5 664
5 557
-
-
Dividends
22 653
22 230
-
-
withholding
3 398
3 334
-
-
income
4 814
4 724
-
-
total
8 212
8 058
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 890
39 792
30 597
34 430
After tax
35 610
38 708
47 903
44 070
Living cost
21 170
21 170
21 170
21 170
Free-cash
14 440
17 538
26 733
22 900

Estimated living cost  is ₴21170 per week

₴15003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21246
₴21721
₴19571
₴20084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
5 384
unemployment
-
-
-
46
pensions
-
-
-
5 008
municipal
-
-
-
19 406
accident
-
-
-
93
national
-
-
-
4 448
health
-
-
-
2 891
total
-
-
-
37 276
Employee
30 123
-
63 943
-
national
-
-
4 164
-
municipal
8 983
-
19 068
-
total
8 983
-
23 232
-
Employer
30 123
-
63 943
-
other
3 500
-
5 384
-
accident
60
-
93
-
pensions
3 256
-
5 008
-
unemployment
795
-
1 223
-
health
1 853
-
2 849
-
total
9 464
-
14 557
-
Corporate
38 913
78 500
-
-
income
8 561
17 270
-
-
total
8 561
17 270
-
-
Dividends
30 352
61 230
-
-
withholding
9 106
18 369
-
-
total
9 106
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 114
35 639
37 789
37 276
After tax
42 386
42 861
40 711
41 224
Living cost
21 140
21 140
21 140
21 140
Free-cash
21 246
21 721
19 571
20 084

Estimated living cost  is ₴21140 per week

₴14011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26455
₴19355
₴30826
₴21778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 048
income

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

-
-
-
23 099
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.

-
-
-
3 452
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.

-
-
-
1 271
total
-
-
-
36 870
Employee

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

25 628
-
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.

121
-
1 271
-
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.

3 452
-
3 452
-
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.

2 202
-
23 099
-
total
5 775
-
27 822
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 872
78 500
-
-
trade
8 697
12 913
-
-
income
7 931
11 775
-
-
surtax

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

436
647
-
-
chamber of commerce
152
188
-
-
total
17 216
25 523
-
-
Dividends
35 656
52 977
-
-
withholding
8 722
13 052
-
-
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.

480
718
-
-
total
9 202
13 770
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 193
39 293
27 822
36 870
After tax
46 307
39 207
50 678
41 630
Living cost
19 852
19 852
19 852
19 852
Free-cash
26 455
19 355
30 826
21 778

Estimated living cost  is ₴19852 per week

₴13277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2094
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.
₴4185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38815
₴40910
₴37072
₴37791
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
8 176
income
-
-
-
14 141
health
-
-
-
2 001
total
-
-
-
24 318
Employee
38 859
38 859
72 804
-
health
386
661
1 238
-
social contributions
1 888
3 225
4 350
-
income
4 081
3 597
13 753
-
total
6 355
7 483
19 341
-
Employer
38 859
38 859
72 804
-
social contributions
1 888
3 225
4 350
-
health
421
719
1 346
-
total
2 309
3 944
5 696
-
Corporate
53 444
35 696
-
-
income
6 680
4 462
-
-
total
6 680
4 462
-
-
Dividends
46 764
31 234
-
-
withholding
7 950
5 310
-
-
total
7 950
5 310
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 294
21 199
25 037
24 318
After tax
55 206
57 301
53 463
54 182
Living cost
16 391
16 391
16 391
16 391
Free-cash
38 815
40 910
37 072
37 791

Estimated living cost  is ₴16391 per week

₴11205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34915
₴34722
₴36103
₴44976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 178
income
-
-
-
9 597
pensions
-
-
-
7 850
health
-
-
-
5 495
total
-
-
-
24 120
Employee

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

The minimum wage is 138,000 HUF per month.

13 575
5 403
65 690
-
unemployment
204
81
985
-
health
950
378
4 598
-
pensions
1 357
540
6 569
-
income
1 660
660
8 031
-
total
4 171
1 659
20 183
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 575
5 403
65 690
-
pensions
2 647
1 053
12 810
-
total
2 647
1 053
12 810
-
Corporate
62 278
72 044
-
-
income
5 605
6 484
-
-
total
5 605
6 484
-
-
Dividends
56 673
65 560
-
-
withholding
10 768
12 456
-
-
social contributions
10 990
12 722
-
-
total
21 758
25 178
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 181
34 374
32 993
24 120
After tax
44 319
44 126
45 507
54 380
Living cost
9 404
9 404
9 404
9 404
Free-cash
34 915
34 722
36 103
44 976

Estimated living cost  is ₴9404 per week

₴6417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴188
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47455
₴50594
₴33041
₴29870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
10 519
pensions
-
-
-
15 700
health
-
-
-
10 205
total
-
-
-
36 424
Employee
14 336
-
58 670
-
unemployment
229
-
939
-
pensions
287
-
1 174
-
income
1 614
-
11 311
-
total
2 130
-
13 424
-
Employer
14 336
-
58 670
-
pensions
2 867
-
11 733
-
unemployment
115
-
469
-
health
1 863
-
7 627
-
total
4 845
-
19 829
-
Corporate
59 318
78 500
-
-
income
11 864
15 700
-
-
total
11 864
15 700
-
-
Dividends
47 454
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 839
15 700
33 253
36 424
After tax
59 661
62 800
45 247
42 076
Living cost
12 206
12 206
12 206
12 206
Free-cash
47 455
50 594
33 041
29 870

Estimated living cost  is ₴12206 per week

₴8372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Tallinn model

Close
Gdansk , Poland
₴4614
-₴5012
₴30830
₴42338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
192
income
-
-
-
21 192
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
24 792
Employee
17 886
-
69 925
-
health
2 048
-
8 006
-
pensions
2 014
-
3 943
-
income
2 454
-
15 776
-
total
6 516
-
27 725
-
Employer
17 886
-
69 925
-
accident
299
-
1 168
-
pensions
2 908
-
5 694
-
unemployment
438
-
1 713
-
total
3 645
-
8 575
-
Corporate
56 969
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.

51 272
70 650
-
-
total
51 272
70 650
-
-
Dividends
5 697
7 850
-
-
withholding
1 083
1 492
-
-
total
1 083
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 516
72 142
36 300
24 792
After tax
15 984
6 358
42 200
53 708
Living cost
11 370
11 370
11 370
11 370
Free-cash
4 614
-5 012
30 830
42 338

Estimated living cost  is ₴11370 per week

₴8333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69652
₴70429
₴58654
₴73569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 183
-
78 500
-
income
1 036
-
15 700
-
total
1 036
-
15 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

73 317
78 500
-
-
total
-
-
-
-
Dividends
73 317
78 500
-
-
withholding
3 666
3 925
-
-
total
3 666
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
4 702
3 925
15 700
785
After tax
73 798
74 575
62 800
77 715
Living cost
4 146
4 146
4 146
4 146
Free-cash
69 652
70 429
58 654
73 569

Estimated living cost  is ₴4146 per week

₴2570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴114
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40794
₴44208
₴31280
₴28441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
3 650
income
-
-
-
11 118
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.

-
-
-
18 444
health
-
-
-
3 381
total
-
-
-
36 593
Employee
18 349
-
62 700
-
unemployment
183
-
627
-
health
257
-
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.

1 284
-
4 388
-
income
3 159
-
12 063
-
total
4 883
-
17 955
-
Employer
18 349
-
62 700
-
other
918
-
3 135
-
accident
147
-
502
-
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.

3 120
-
10 658
-
unemployment
183
-
627
-
health
257
-
877
-
total
4 625
-
15 799
-
Corporate
55 527
78 500
-
-
income
11 661
16 485
-
-
total
11 661
16 485
-
-
Dividends
43 866
62 015
-
-
withholding
3 071
4 341
-
-
total
3 071
4 341
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 240
20 826
33 754
36 593
After tax
54 260
57 674
44 746
41 907
Living cost
13 466
13 466
13 466
13 466
Free-cash
40 794
44 208
31 280
28 441

Estimated living cost  is ₴13466 per week

₴9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
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.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18273
₴18838
₴12017
₴19178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
21 364
pensions
-
-
-
4 323
total
-
-
-
25 687
Employee
47 589
-
68 668
-
health
784
-
1 035
-
pensions
4 591
-
5 391
-
income
8 578
-
16 590
-
total
13 953
-
23 016
-
Employer
47 589
-
68 668
-
pensions
5 619
-
8 527
-
health
904
-
1 305
-
total
6 523
-
9 832
-
Corporate
24 388
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.

4 634
14 915
-
-
total
4 634
14 915
-
-
Dividends
19 754
63 585
-
-
withholding
1 482
11 112
-
-
total
1 482
11 112
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 592
26 027
32 848
25 687
After tax
51 908
52 473
45 652
52 813
Living cost
33 635
33 635
33 635
33 635
Free-cash
18 273
18 838
12 017
19 178

Estimated living cost  is ₴33635 per week

₴25204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴58116
₴60471
₴58313
₴55352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71
income
-
-
-
11 775
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
16 502
Employee
8 800
-
75 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
health
405
-
814
-
pensions

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

773
-
1 555
-
income
880
-
7 503
-
total
2 155
-
10 067
-
Employer
8 800
-
75 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

970
-
1 951
-
unemployment
53
-
106
-
health
607
-
1 222
-
total
1 727
-
3 474
-
Corporate
67 973
78 500
-
-
income
6 797
7 850
-
-
total
6 797
7 850
-
-
Dividends
61 176
70 650
-
-
withholding
3 059
3 533
-
-
total
3 059
3 533
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 738
11 383
13 541
16 502
After tax
64 762
67 117
64 959
61 998
Living cost
6 646
6 646
6 646
6 646
Free-cash
58 116
60 471
58 313
55 352

Estimated living cost  is ₴6646 per week

₴3880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11954
₴10685
₴19880
₴16047
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 277
pensions
-
-
-
5 921
health
-
-
-
6 232
total
-
-
-
34 430
Employee
46 853
43 155
69 108
-
health
5 845
5 634
6 232
-
pensions
5 921
5 921
5 921
-
income

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

7 064
7 064
9 053
-
total
18 830
18 619
21 206
-
Employer
46 853
43 155
69 108
-
pensions
3 261
3 004
3 733
-
unemployment
1 687
1 554
1 930
-
health
3 256
3 000
3 728
-
total
8 204
7 558
9 391
-
Corporate
23 444
27 788
-
-
income
4 689
5 557
-
-
total
4 689
5 557
-
-
Dividends
18 755
22 230
-
-
withholding
2 814
3 334
-
-
income
3 986
4 724
-
-
total
6 800
8 058
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 523
39 792
30 597
34 430
After tax
39 977
38 708
47 903
44 070
Living cost
28 023
28 023
28 023
28 023
Free-cash
11 954
10 685
19 880
16 047

Estimated living cost  is ₴28023 per week

₴20671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36901
₴41410
₴27198
₴29623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
18 184
income
-
-
-
7 458
health
-
-
-
10 598
solidarity contribution
-
-
-
-
total
-
-
-
36 240
Employee
18 584
-
58 582
-
solidarity contribution
-
-
-
-
health
2 509
-
7 909
-
social contributions
1 208
-
3 808
-
income
2 230
-
7 030
-
total
5 947
-
18 747
-
Employer
18 584
-
58 582
-
social contributions
4 646
-
14 646
-
health
1 673
-
5 272
-
total
6 319
-
19 918
-
Corporate
53 597
78 500
-
-
income
10 184
14 915
-
-
total
10 184
14 915
-
-
Dividends
43 414
63 585
-
-
withholding
6 512
9 538
-
-
total
6 512
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 962
24 453
38 665
36 240
After tax
49 538
54 047
39 835
42 260
Living cost
12 637
12 637
12 637
12 637
Free-cash
36 901
41 410
27 198
29 623

Estimated living cost  is ₴12637 per week

₴8778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
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.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17920
₴20559
₴13241
₴16809
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
915
social contributions
-
-
-
20 190
municipal
-
-
-
466
national
-
-
-
18 796
total
-
-
-
40 367
Employee
44 913
-
78 500
-
national
7 782
-
16 242
-
regional
424
-
807
-
municipal
238
-
416
-
social contributions
15 145
-
26 470
-
total
23 589
-
43 935
-
Employer
44 913
-
78 500
-
total
-
-
-
-
Corporate
33 587
78 500
-
-
nationa
8 061
18 840
-
-
municipal
1 310
3 061
-
-
total
9 371
21 901
-
-
Dividends
24 216
56 599
-
-
withholding
6 296
14 716
-
-
total
6 296
14 716
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 256
36 617
43 935
40 367
After tax
39 244
41 883
34 565
38 133
Living cost
21 324
21 324
21 324
21 324
Free-cash
17 920
20 559
13 241
16 809

Estimated living cost  is ₴21324 per week

₴14865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36654
₴38225
₴23372
₴26102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
19 952
pensions
-
-
-
13 489
health
-
-
-
4 788
surtax
-
-
-
2 903
total
-
-
-
41 247
Employee
16 712
-
64 849
-
surtax
55
-
2 471
-
unemployment
1 163
-
4 513
-
other
-
-
-
-
health
427
-
1 653
-
pensions
1 114
-
4 325
-
income
2 801
-
17 364
-
total
5 560
-
30 326
-
Employer
16 712
-
64 849
-
other
-
-
-
-
pensions
2 228
-
8 644
-
unemployment
529
-
2 056
-
health
760
-
2 951
-
total
3 517
-
13 651
-
Corporate
58 271
78 500
-
-
income
15 150
20 410
-
-
total
15 150
20 410
-
-
Dividends
43 120
58 090
-
-
withholding
6 468
8 714
-
-
total
6 468
8 714
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 695
29 124
43 977
41 247
After tax
47 805
49 376
34 523
37 253
Living cost
11 151
11 151
11 151
11 151
Free-cash
36 654
38 225
23 372
26 102

Estimated living cost  is ₴11151 per week

₴6819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31880
₴29494
₴22673
₴29834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
21 364
pensions
-
-
-
4 323
total
-
-
-
25 687
Employee
31 893
-
68 668
-
health
463
-
1 035
-
pensions
2 707
-
5 391
-
income
5 744
-
16 590
-
total
8 914
-
23 016
-
Employer
31 893
-
68 668
-
pensions
3 452
-
8 527
-
health
606
-
1 305
-
total
4 058
-
9 832
-
Corporate
42 549
78 500
-
-
income

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

8 084
14 915
-
-
total
8 084
14 915
-
-
Dividends
34 464
63 585
-
-
withholding
2 585
11 112
-
-
total
2 585
11 112
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 641
26 027
32 848
25 687
After tax
54 859
52 473
45 652
52 813
Living cost
22 979
22 979
22 979
22 979
Free-cash
31 880
29 494
22 673
29 834

Estimated living cost  is ₴22979 per week

₴17216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12934
-₴4242
₴20249
₴24060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other

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

-
-
-
1 570
city
-
-
-
828
regional
-
-
-
3 528
pensions
-
-
-
7 222
national
-
-
-
976
health
-
-
-
176
total
-
-
-
14 300
Employee
46 975
-
70 263
-
national
222
-
794
-
unemployment
-
-
-
-
city
504
-
755
-
regional
1 538
-
3 039
-
health
106
-
158
-
pensions
3 946
-
5 901
-
total
6 316
-
10 647
-
Employer
46 975
-
70 263
-
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.

939
-
1 405
-
pensions
3 946
-
5 901
-
unemployment
-
-
-
-
health
106
-
158
-
total
4 991
-
7 464
-
Corporate
26 017
78 500
-
-
regional
5 502
16 602
-
-
national
2 211
6 672
-
-
total
7 713
23 274
-
-
Dividends
18 304
55 225
-
-
withholding
6 406
19 328
-
-
total
6 406
19 328
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 426
42 602
18 111
14 300
After tax
53 074
35 898
60 389
64 200
Living cost
40 140
40 140
40 140
40 140
Free-cash
12 934
-4 242
20 249
24 060

Estimated living cost  is ₴40140 per week

₴26103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9943
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23847
₴15651
₴27527
₴18094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 433
income

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

-
-
-
23 099
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.

-
-
-
3 452
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.

-
-
-
1 271
total
-
-
-
37 255
Employee

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

30 371
-
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.

197
-
1 271
-
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.

3 452
-
3 452
-
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.

3 571
-
23 099
-
total
7 220
-
27 822
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 129
78 500
-
-
trade
8 254
13 463
-
-
income
7 219
11 775
-
-
surtax

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

397
647
-
-
chamber of commerce
145
187
-
-
total
16 015
26 072
-
-
Dividends
32 114
52 428
-
-
withholding
7 836
12 915
-
-
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.

431
711
-
-
total
8 267
13 626
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 502
39 698
27 822
37 255
After tax
46 998
38 802
50 678
41 245
Living cost
23 151
23 151
23 151
23 151
Free-cash
23 847
15 651
27 527
18 094

Estimated living cost  is ₴23151 per week

₴16908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25259
₴22274
₴27023
₴27118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
2 434
social contributions
-
-
-
2 236
income
-
-
-
11 431
pensions
-
-
-
15 000
health
-
-
-
2 991
surtax
-
-
-
-
total
-
-
-
34 092
Employee
21 628
-
61 415
-
surtax
-
-
-
-
pensions
2 445
-
3 996
-
social contributions
617
-
1 750
-
income
1 276
-
11 355
-
total
4 338
-
17 101
-
Employer
21 628
-
61 415
-
other
746
-
2 279
-
pensions
3 553
-
6 777
-
unemployment
876
-
2 488
-
social contributions
65
-
184
-
health
1 514
-
5 358
-
total
6 754
-
17 086
-
Corporate
50 117
78 500
-
-
income
14 033
21 980
-
-
surtax
-
-
-
-
total
14 033
21 980
-
-
Dividends
36 084
56 520
-
-
withholding
4 619
7 235
-
-
social contributions
6 207
9 721
-
-
surtax
-
-
-
-
total
10 826
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 951
38 936
34 187
34 092
After tax
42 549
39 564
44 313
44 408
Living cost
17 290
17 290
17 290
17 290
Free-cash
25 259
22 274
27 023
27 118

Estimated living cost  is ₴17290 per week

₴10902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
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.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26793
₴23987
₴28736
₴28831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
2 434
social contributions
-
-
-
2 236
income
-
-
-
11 431
pensions
-
-
-
15 000
health
-
-
-
2 991
surtax
-
-
-
-
total
-
-
-
34 092
Employee
19 306
-
61 415
-
surtax
-
-
-
-
pensions
2 184
-
3 996
-
social contributions
550
-
1 750
-
income
995
-
11 355
-
total
3 729
-
17 101
-
Employer
19 306
-
61 415
-
other
667
-
2 279
-
pensions
3 172
-
6 777
-
unemployment
782
-
2 488
-
social contributions
58
-
184
-
health
1 351
-
5 358
-
total
6 030
-
17 086
-
Corporate
53 164
78 500
-
-
income
14 886
21 980
-
-
surtax
-
-
-
-
total
14 886
21 980
-
-
Dividends
38 279
56 520
-
-
withholding
4 900
7 235
-
-
social contributions
6 585
9 721
-
-
surtax
-
-
-
-
total
11 485
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 130
38 936
34 187
34 092
After tax
42 370
39 564
44 313
44 408
Living cost
15 577
15 577
15 577
15 577
Free-cash
26 793
23 987
28 736
28 831

Estimated living cost  is ₴15577 per week

₴9034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37439
₴37177
₴38386
₴39696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
10 833
income
-
-
-
11 775
health
-
-
-
5 480
total
-
-
-
28 088
Employee
17 135
-
78 500
-
health
1 196
-
5 480
-
social contributions
2 365
-
10 833
-
income
2 858
-
13 085
-
total
6 419
-
29 398
-
Employer
17 135
-
78 500
-
total
-
-
-
-
Corporate
61 365
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%.

3 068
3 925
-
-
total
3 068
3 925
-
-
Dividends
58 298
74 575
-
-
health
4 069
5 205
-
-
withholding
8 744
11 186
-
-
social contributions
8 045
10 291
-
-
total
20 858
26 682
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 345
30 607
29 398
28 088
After tax
48 155
47 893
49 102
50 412
Living cost
10 716
10 716
10 716
10 716
Free-cash
37 439
37 177
38 386
39 696

Estimated living cost  is ₴10716 per week

₴7171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24943
₴25729
₴2725
₴22453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
314
unemployment
-
-
-
3 100
income
-
-
-
19 288
pensions
-
-
-
10 922
health
-
-
-
4 516
surtax
-
-
-
100
total
-
-
-
38 240
Employee
25 255
20 139
61 248
-
unemployment
758
604
1 771
-
other
252
201
591
-
health
977
780
2 284
-
pensions
2 586
2 062
6 046
-
income
2 875
1 485
15 192
-
total
7 448
5 132
25 884
-
Employer
25 255
20 139
61 248
-
payroll
758
604
1 837
-
other
1 200
956
2 890
-
accident
328
262
767
-
pensions
3 170
2 528
7 409
-
unemployment
758
604
1 771
-
chamber of commerce
101
81
245
-
surtax
100
100
100
-
health
954
761
2 232
-
total
7 369
5 896
17 251
-
Corporate
45 878
52 465
59 330
-
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.

11 470
13 116
14 833
-
total
11 470
13 116
14 833
-
Dividends
34 408
39 349
-
-
withholding
9 463
10 820
-
-
total
9 463
10 820
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 750
34 964
57 968
38 240
After tax
42 750
43 536
20 532
40 260
Living cost
17 807
17 807
17 807
17 807
Free-cash
24 943
25 729
2 725
22 453

Estimated living cost  is ₴17807 per week

₴11876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1519
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.
₴4119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17919
₴25498
₴9799
₴15703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
12 225
national
-
-
-
28 169
communal

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

-
-
-
3 977
total
-
-
-
44 371
Employee

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

36 148
-
60 801
-
national
11 113
-
21 458
-
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.

315
-
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.

1 698
-
2 858
-
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.

2 711
-
4 560
-
communal

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

1 885
-
3 171
-
total
17 722
-
32 576
-
Employer

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

36 148
-
60 801
-
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.

470
-
790
-
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.

3 203
-
5 387
-
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.

527
-
888
-
surtax
4 099
-
6 895
-
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.

2 223
-
3 739
-
total
10 522
-
17 699
-
Corporate
31 830
78 500
-
-
income
6 366
15 700
-
-
surtax
128
314
-
-
total
6 494
16 014
-
-
Dividends
25 336
62 487
-
-
withholding

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

7 417
18 562
-
-
total
7 417
18 562
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 155
34 576
50 275
44 371
After tax
36 345
43 924
28 225
34 129
Living cost
18 426
18 426
18 426
18 426
Free-cash
17 919
25 498
9 799
15 703

Estimated living cost  is ₴18426 per week

₴11869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30552
₴34202
₴23802
₴25922
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
20 276
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
34 328
Employee
25 155
-
63 567
-
unemployment
390
-
726
-
other
25
-
47
-
pensions
1 182
-
2 202
-
income
5 308
-
18 541
-
total
6 905
-
21 516
-
Employer
25 155
-
63 567
-
other
200
-
375
-
accident
498
-
927
-
pensions
5 936
-
11 054
-
unemployment
1 384
-
2 576
-
total
8 018
-
14 932
-
Corporate
45 326
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.

6 799
11 775
-
-
total
6 799
11 775
-
-
Dividends
38 527
66 725
-
-
withholding
7 976
14 273
-
-
total
7 976
14 273
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 698
26 048
36 448
34 328
After tax
48 802
52 452
42 052
44 172
Living cost
18 250
18 250
18 250
18 250
Free-cash
30 552
34 202
23 802
25 922

Estimated living cost  is ₴18250 per week

₴13439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13128
₴19065
₴15656
₴12525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 716
pensions
-
-
-
11 766
accident
-
-
-
662
communal
-
-
-
4 961
health
-
-
-
5 515
surtax
-
-
-
3 892
total
-
-
-
38 512
Employee
38 270
-
70 121
-
surtax
2 346
-
4 297
-
health
1 703
-
3 121
-
pensions
3 061
-
5 609
-
income
3 697
-
13 975
-
total
10 807
-
27 002
-
Employer
38 270
-
70 121
-
accident
344
-
631
-
pensions
3 061
-
5 609
-
health
1 167
-
2 139
-
total
4 572
-
8 379
-
Corporate
35 657
78 500
-
-
income
5 348
11 775
-
-
communal
2 407
5 299
-
-
surtax
374
824
-
-
total
8 129
17 898
-
-
Dividends
27 528
60 603
-
-
withholding
4 129
9 090
-
-
income
10 272
4 984
-
-
total
14 401
14 074
-
-
Income
78 500
78 500
78 500
78 500
Total tax
37 909
31 972
35 381
38 512
After tax
40 591
46 528
43 119
39 988
Living cost
27 463
27 463
27 463
27 463
Free-cash
13 128
19 065
15 656
12 525

Estimated living cost  is ₴27463 per week

₴20601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1664
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.
₴4906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36420
₴38025
₴23172
₴25902
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
19 952
pensions
-
-
-
13 489
health
-
-
-
4 788
surtax
-
-
-
2 903
total
-
-
-
41 247
Employee
17 019
-
64 849
-
surtax
60
-
2 471
-
unemployment
1 184
-
4 513
-
other
-
-
-
-
health
434
-
1 653
-
pensions
1 135
-
4 325
-
income
2 853
-
17 364
-
total
5 666
-
30 326
-
Employer
17 019
-
64 849
-
other
-
-
-
-
pensions
2 269
-
8 644
-
unemployment
540
-
2 056
-
health
774
-
2 951
-
total
3 583
-
13 651
-
Corporate
57 899
78 500
-
-
income
15 054
20 410
-
-
total
15 054
20 410
-
-
Dividends
42 845
58 090
-
-
withholding
6 426
8 714
-
-
total
6 426
8 714
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 729
29 124
43 977
41 247
After tax
47 771
49 376
34 523
37 253
Living cost
11 351
11 351
11 351
11 351
Free-cash
36 420
38 025
23 172
25 902

Estimated living cost  is ₴11351 per week

₴6853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26526
₴27649
₴20703
₴24251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 184
social contributions
-
-
-
20 190
municipal
-
-
-
466
national
-
-
-
18 796
total
-
-
-
40 636
Employee
28 033
-
78 500
-
national
4 441
-
16 242
-
regional
377
-
1 056
-
municipal
149
-
416
-
social contributions
9 453
-
26 470
-
total
14 420
-
44 184
-
Employer
28 033
-
78 500
-
total
-
-
-
-
Corporate
50 467
78 500
-
-
nationa
12 112
18 840
-
-
municipal
2 508
3 901
-
-
total
14 620
22 741
-
-
Dividends
35 847
55 759
-
-
withholding
9 321
14 497
-
-
total
9 321
14 497
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 361
37 238
44 184
40 636
After tax
40 139
41 262
34 316
37 864
Living cost
13 613
13 613
13 613
13 613
Free-cash
26 526
27 649
20 703
24 251

Estimated living cost  is ₴13613 per week

₴8466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32919
₴38475
₴24263
₴26688
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
18 184
income
-
-
-
7 458
health
-
-
-
10 598
solidarity contribution
-
-
-
-
total
-
-
-
36 240
Employee
22 900
-
58 582
-
solidarity contribution
-
-
-
-
health
3 092
-
7 909
-
social contributions
1 489
-
3 808
-
income
2 748
-
7 030
-
total
7 329
-
18 747
-
Employer
22 900
-
58 582
-
social contributions
5 725
-
14 646
-
health
2 061
-
5 272
-
total
7 786
-
19 918
-
Corporate
47 814
78 500
-
-
income
9 085
14 915
-
-
total
9 085
14 915
-
-
Dividends
38 729
63 585
-
-
withholding
5 809
9 538
-
-
total
5 809
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 009
24 453
38 665
36 240
After tax
48 491
54 047
39 835
42 260
Living cost
15 572
15 572
15 572
15 572
Free-cash
32 919
38 475
24 263
26 688

Estimated living cost  is ₴15572 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27215
₴27466
₴4439
₴24237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
314
unemployment
-
-
-
3 100
income
-
-
-
19 288
pensions
-
-
-
10 922
health
-
-
-
4 516
surtax
-
-
-
-
total
-
-
-
38 140
Employee
22 091
20 139
61 341
-
unemployment
663
604
1 771
-
other
221
201
591
-
health
854
780
2 284
-
pensions
2 262
2 062
6 046
-
income
1 968
1 485
15 231
-
total
5 968
5 132
25 923
-
Employer
22 091
20 139
61 341
-
payroll
663
604
1 840
-
other
1 049
956
2 894
-
accident
287
262
767
-
pensions
2 772
2 528
7 409
-
unemployment
663
604
1 771
-
chamber of commerce
88
81
246
-
surtax
-
-
-
-
health
835
761
2 232
-
total
6 357
5 796
17 159
-
Corporate
50 052
52 565
59 423
-
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.

12 513
13 141
14 856
-
total
12 513
13 141
14 856
-
Dividends
37 539
39 423
-
-
withholding
10 324
10 842
-
-
total
10 324
10 842
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 162
34 911
57 938
38 140
After tax
43 338
43 589
20 562
40 360
Living cost
16 123
16 123
16 123
16 123
Free-cash
27 215
27 466
4 439
24 237

Estimated living cost  is ₴16123 per week

₴9672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴66903
₴68114
₴56339
₴71254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 077
-
78 500
-
income
1 615
-
15 700
-
total
1 615
-
15 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

70 423
78 500
-
-
total
-
-
-
-
Dividends
70 423
78 500
-
-
withholding
3 521
3 925
-
-
total
3 521
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 136
3 925
15 700
785
After tax
73 364
74 575
62 800
77 715
Living cost
6 461
6 461
6 461
6 461
Free-cash
66 903
68 114
56 339
71 254

Estimated living cost  is ₴6461 per week

₴4372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴271
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.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴36267
₴40493
₴23239
₴25318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
17 448
pensions
-
-
-
14 336
health
-
-
-
7 725
total
-
-
-
39 627
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.

22 347
-
67 925
-
unemployment
32
-
95
-
health
1 443
-
4 388
-
pensions
3 464
-
10 528
-
income
3 854
-
16 120
-
total
8 793
-
31 131
-
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.

22 347
-
67 925
-
pensions
1 977
-
6 011
-
unemployment
13
-
40
-
health
1 488
-
4 524
-
total
3 478
-
10 575
-
Corporate
52 674
78 500
-
-
income
10 008
14 915
-
-
total
10 008
14 915
-
-
Dividends
42 666
63 585
-
-
withholding
6 399
9 537
-
-
total
6 399
9 537
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 678
24 452
41 706
39 627
After tax
49 822
54 048
36 794
38 873
Living cost
13 555
13 555
13 555
13 555
Free-cash
36 267
40 493
23 239
25 318

Estimated living cost  is ₴13555 per week

₴9302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1853
₴25923
₴50006
₴32414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
8 949
income
-
-
-
15 301
total
-
-
-
24 250
Employee
31 310
-
-
-
social contributions
2 567
-
366
-
income
6 906
-
-
-
total
9 473
-
366
-
Employer
31 310
-
-
-
social contributions
44 147
-
6 292
-
total
44 147
-
6 292
-
Corporate
3 043
78 500
-
-
income
669
17 270
-
-
total
669
17 270
-
-
Dividends
2 374
61 230
-
-
income
522
13 471
-
-
total
522
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
54 811
30 741
6 658
24 250
After tax
23 689
47 759
71 842
54 250
Living cost
21 836
21 836
21 836
21 836
Free-cash
1 853
25 923
50 006
32 414

Estimated living cost  is ₴21836 per week

₴14168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28291
₴28800
₴20912
₴26565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
78 500
social contributions

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

-
-
-
27 279
income
-
-
-
8 805
surtax
-
-
-
-
total
-
-
-
36 084
Employee
23 242
-
63 434
-
surtax
-
-
-
-
social contributions
2 557
-
6 978
-
income
4 834
-
19 693
-
total
7 391
-
26 671
-
Employer
23 242
-
63 434
-
social contributions
5 520
-
15 066
-
total
5 520
-
15 066
-
Corporate
49 738
78 500
-
-
income
10 445
16 485
-
-
surtax
-
-
-
-
total
10 445
16 485
-
-
Dividends
39 293
62 015
-
-
withholding
11 002
17 364
-
-
total
11 002
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 358
33 849
41 737
36 084
After tax
44 142
44 651
36 763
42 416
Living cost
15 851
15 851
15 851
15 851
Free-cash
28 291
28 800
20 912
26 565

Estimated living cost  is ₴15851 per week

₴11860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18631
₴15156
₴19905
₴20000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
2 434
social contributions
-
-
-
2 236
income
-
-
-
11 431
pensions
-
-
-
15 000
health
-
-
-
2 991
surtax
-
-
-
-
total
-
-
-
34 092
Employee
31 651
-
61 415
-
surtax
-
-
-
-
pensions
3 580
-
3 996
-
social contributions
901
-
1 750
-
income
2 762
-
11 355
-
total
7 243
-
17 101
-
Employer
31 651
-
61 415
-
other
1 092
-
2 279
-
pensions
5 201
-
6 777
-
unemployment
1 282
-
2 488
-
social contributions
95
-
184
-
health
2 215
-
5 358
-
total
9 885
-
17 086
-
Corporate
36 963
78 500
-
-
income
10 350
21 980
-
-
surtax
-
-
-
-
total
10 350
21 980
-
-
Dividends
26 614
56 520
-
-
withholding
3 406
7 235
-
-
social contributions
4 577
9 721
-
-
surtax
-
-
-
-
total
7 983
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 461
38 936
34 187
34 092
After tax
43 039
39 564
44 313
44 408
Living cost
24 408
24 408
24 408
24 408
Free-cash
18 631
15 156
19 905
20 000

Estimated living cost  is ₴24408 per week

₴16519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53761
₴55459
₴45071
₴42984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 054
social contributions
-
-
-
17 271
total
-
-
-
20 325
Employee
16 247
-
67 965
-
social contributions
1 056
-
4 417
-
income
-
-
3 286
-
total
1 056
-
7 703
-
Employer
16 247
-
67 965
-
social contributions
2 518
-
10 535
-
total
2 518
-
10 535
-
Corporate
59 735
78 500
-
-
income
5 974
7 850
-
-
total
5 974
7 850
-
-
Dividends
53 761
70 650
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
9 548
7 850
18 238
20 325
After tax
68 952
70 650
60 262
58 175
Living cost
15 191
15 191
15 191
15 191
Free-cash
53 761
55 459
45 071
42 984

Estimated living cost  is ₴15191 per week

₴9822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴31449
-₴31449
-₴31449
₴22596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
437
municipal
-
-
-
16 043
labour market
-
-
-
6 245
national
-
-
-
8 876
total
-
-
-
31 601
Employee
102 578
102 578
102 578
-
national
12 532
12 532
12 532
-
municipal
21 843
21 843
21 843
-
labour market
8 195
8 195
8 195
-
pensions
146
146
146
-
total
42 716
42 716
42 716
-
Employer
102 578
102 578
102 578
-
municipal
21 878
21 878
21 878
-
pensions
292
292
292
-
national
12 554
12 554
12 554
-
labour market
8 206
8 206
8 206
-
total
42 930
42 930
42 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
85 646
85 646
85 646
31 601
After tax
-7 146
-7 146
-7 146
46 899
Living cost
24 303
24 303
24 303
24 303
Free-cash
-31 449
-31 449
-31 449
22 596

Estimated living cost  is ₴24303 per week

₴16633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴374
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4641
-₴4845
₴30997
₴42505
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
192
income
-
-
-
21 192
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
24 792
Employee
17 622
-
69 925
-
health
2 018
-
8 006
-
pensions
1 984
-
3 943
-
income
2 418
-
15 776
-
total
6 420
-
27 725
-
Employer
17 622
-
69 925
-
accident
294
-
1 168
-
pensions
2 865
-
5 694
-
unemployment
432
-
1 713
-
total
3 591
-
8 575
-
Corporate
57 286
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.

51 557
70 650
-
-
total
51 557
70 650
-
-
Dividends
5 729
7 850
-
-
withholding
1 088
1 492
-
-
total
1 088
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 656
72 142
36 300
24 792
After tax
15 844
6 358
42 200
53 708
Living cost
11 203
11 203
11 203
11 203
Free-cash
4 641
-4 845
30 997
42 505

Estimated living cost  is ₴11203 per week

₴8154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31458
₴30441
₴22447
₴32758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
13 951
national
-
-
-
11 391
health
-
-
-
998
total
-
-
-
26 340
Employee
26 588
-
66 038
-
national
439
-
7 174
-
unemployment
399
-
991
-
health
199
-
807
-
municipal
4 355
-
10 761
-
pensions
1 794
-
4 457
-
total
7 186
-
24 190
-
Employer
26 588
-
66 038
-
accident
27
-
66
-
pensions
4 613
-
11 457
-
unemployment
173
-
430
-
health
204
-
508
-
total
5 017
-
12 461
-
Corporate
46 896
78 500
-
-
income
9 379
15 700
-
-
total
9 379
15 700
-
-
Dividends

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

28 137
47 100
-
-
municipal
5 065
8 478
-
-
national
993
4 479
-
-
total
6 058
12 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 640
28 657
36 651
26 340
After tax
50 860
49 843
41 849
52 160
Living cost
19 402
19 402
19 402
19 402
Free-cash
31 458
30 441
22 447
32 758

Estimated living cost  is ₴19402 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42850
₴45601
₴41763
₴42482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
8 176
income
-
-
-
14 141
health
-
-
-
2 001
total
-
-
-
24 318
Employee
38 859
38 859
72 804
-
health
301
661
1 238
-
social contributions
1 469
3 225
4 350
-
income
4 231
3 597
13 753
-
total
6 001
7 483
19 341
-
Employer
38 859
38 859
72 804
-
social contributions
1 469
3 225
4 350
-
health
327
719
1 346
-
total
1 796
3 944
5 696
-
Corporate
59 002
35 696
-
-
income
7 376
4 462
-
-
total
7 376
4 462
-
-
Dividends
51 626
31 234
-
-
withholding
8 777
5 310
-
-
total
8 777
5 310
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 950
21 199
25 037
24 318
After tax
54 550
57 301
53 463
54 182
Living cost
11 700
11 700
11 700
11 700
Free-cash
42 850
45 601
41 763
42 482

Estimated living cost  is ₴11700 per week

₴7012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54411
₴56983
₴47382
₴57519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14
income
-
-
-
7 900
pensions
-
-
-
3 215
health
-
-
-
1 829
total
-
-
-
12 958
Employee

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

11 600
-
73 561
-
unemployment
58
-
240
-
health
986
-
4 076
-
pensions
1 740
-
7 193
-
income
793
-
6 647
-
total
3 577
-
18 156
-
Employer

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

11 600
-
73 561
-
pensions
638
-
2 637
-
unemployment
58
-
240
-
health
499
-
2 062
-
total
1 195
-
4 939
-
Corporate
65 706
78 500
-
-
income
5 913
7 065
-
-
total
5 913
7 065
-
-
Dividends
59 793
71 435
-
-
withholding
5 381
6 429
-
-
total
5 381
6 429
-
-
Income
78 500
78 500
78 500
78 500
Total tax
16 066
13 494
23 095
12 958
After tax
62 434
65 006
55 405
65 542
Living cost
8 023
8 023
8 023
8 023
Free-cash
54 411
56 983
47 382
57 519

Estimated living cost  is ₴8023 per week

₴5119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36279
₴38555
₴28155
₴30275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
20 276
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
34 328
Employee
18 686
-
63 567
-
unemployment
290
-
726
-
other
18
-
47
-
pensions
878
-
2 202
-
income
3 603
-
18 541
-
total
4 789
-
21 516
-
Employer
18 686
-
63 567
-
other
150
-
375
-
accident
370
-
927
-
pensions
4 410
-
11 054
-
unemployment
1 028
-
2 576
-
total
5 958
-
14 932
-
Corporate
53 857
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.

8 079
11 775
-
-
total
8 079
11 775
-
-
Dividends
45 778
66 725
-
-
withholding
9 498
14 273
-
-
total
9 498
14 273
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 324
26 048
36 448
34 328
After tax
50 176
52 452
42 052
44 172
Living cost
13 897
13 897
13 897
13 897
Free-cash
36 279
38 555
28 155
30 275

Estimated living cost  is ₴13897 per week

₴9380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47872
₴48030
₴49442
₴49511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
26 835
pensions
-
-
-
696
health
-
-
-
504
total
-
-
-
28 035
Employee
1 453
-
77 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
26 799
-
total
500
-
27 321
-
Employer
1 453
-
77 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
330
-
total
327
-
783
-
Corporate
76 721
78 500
-
-
income
16 879
17 270
-
-
total
16 879
17 270
-
-
Dividends
59 842
61 230
-
-
withholding
11 968
12 246
-
-
total
11 968
12 246
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 674
29 516
28 104
28 035
After tax
48 826
48 984
50 396
50 465
Living cost
954
954
954
954
Free-cash
47 872
48 030
49 442
49 511

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45501
₴47986
₴38152
₴38151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
560
income
-
-
-
17 516
pensions
-
-
-
9 700
health
-
-
-
3 843
total
-
-
-
31 619
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.

13 164
-
71 822
-
unemployment
99
-
280
-
health
678
-
1 921
-
pensions
1 843
-
5 223
-
income
1 815
-
17 516
-
total
4 435
-
24 940
-
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.

13 164
-
71 822
-
pensions
1 580
-
4 477
-
unemployment
99
-
280
-
health
678
-
1 921
-
total
2 357
-
6 678
-
Corporate
62 979
78 500
-
-
income
9 447
11 775
-
-
total
9 447
11 775
-
-
Dividends
53 533
66 725
-
-
withholding
8 030
10 009
-
-
total
8 030
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 269
21 784
31 618
31 619
After tax
54 231
56 716
46 882
46 881
Living cost
8 730
8 730
8 730
8 730
Free-cash
45 501
47 986
38 152
38 151

Estimated living cost  is ₴8730 per week

₴5878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30845
₴31027
₴23139
₴28792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
78 500
social contributions

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

-
-
-
27 279
income
-
-
-
8 805
surtax
-
-
-
-
total
-
-
-
36 084
Employee
19 614
-
63 434
-
surtax
-
-
-
-
social contributions
2 158
-
6 978
-
income
3 832
-
19 693
-
total
5 990
-
26 671
-
Employer
19 614
-
63 434
-
social contributions
4 658
-
15 066
-
total
4 658
-
15 066
-
Corporate
54 228
78 500
-
-
income
11 388
16 485
-
-
surtax
-
-
-
-
total
11 388
16 485
-
-
Dividends
42 840
62 015
-
-
withholding
11 995
17 364
-
-
total
11 995
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 031
33 849
41 737
36 084
After tax
44 469
44 651
36 763
42 416
Living cost
13 624
13 624
13 624
13 624
Free-cash
30 845
31 027
23 139
28 792

Estimated living cost  is ₴13624 per week

₴9650
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.
₴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.
₴2787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31212
₴34692
₴24292
₴26412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
20 276
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
34 328
Employee
24 406
-
63 567
-
unemployment
378
-
726
-
other
24
-
47
-
pensions
1 147
-
2 202
-
income
5 098
-
18 541
-
total
6 647
-
21 516
-
Employer
24 406
-
63 567
-
other
196
-
375
-
accident
483
-
927
-
pensions
5 760
-
11 054
-
unemployment
1 343
-
2 576
-
total
7 782
-
14 932
-
Corporate
46 312
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.

6 947
11 775
-
-
total
6 947
11 775
-
-
Dividends
39 365
66 725
-
-
withholding
8 152
14 273
-
-
total
8 152
14 273
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 528
26 048
36 448
34 328
After tax
48 972
52 452
42 052
44 172
Living cost
17 760
17 760
17 760
17 760
Free-cash
31 212
34 692
24 292
26 412

Estimated living cost  is ₴17760 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
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.
₴3375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55308
₴58397
₴56239
₴53278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71
income
-
-
-
11 775
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
16 502
Employee
11 546
-
75 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
health
531
-
814
-
pensions

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

1 014
-
1 555
-
income
1 155
-
7 503
-
total
2 827
-
10 067
-
Employer
11 546
-
75 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 951
-
unemployment
69
-
106
-
health
797
-
1 222
-
total
2 265
-
3 474
-
Corporate
64 689
78 500
-
-
income
6 469
7 850
-
-
total
6 469
7 850
-
-
Dividends
58 220
70 650
-
-
withholding
2 911
3 533
-
-
total
2 911
3 533
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 472
11 383
13 541
16 502
After tax
64 028
67 117
64 959
61 998
Living cost
8 720
8 720
8 720
8 720
Free-cash
55 308
58 397
56 239
53 278

Estimated living cost  is ₴8720 per week

₴5767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27518
₴20909
₴31168
₴23274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 894
income

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

-
-
-
23 099
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.

-
-
-
3 452
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.

-
-
-
1 271
total
-
-
-
35 716
Employee

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

25 145
-
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.

114
-
1 271
-
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.

3 452
-
3 452
-
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.

2 068
-
23 099
-
total
5 634
-
27 822
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 355
78 500
-
-
trade
7 657
11 264
-
-
income
8 003
11 775
-
-
surtax

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

440
647
-
-
chamber of commerce
155
192
-
-
total
16 255
23 878
-
-
Dividends
37 100
54 622
-
-
withholding
9 083
13 463
-
-
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.

500
740
-
-
total
9 583
14 203
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 472
38 081
27 822
35 716
After tax
47 028
40 419
50 678
42 784
Living cost
19 510
19 510
19 510
19 510
Free-cash
27 518
20 909
31 168
23 274

Estimated living cost  is ₴19510 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27280
₴26162
₴13814
₴13814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
12 852
income
-
-
-
23 047
total
-
-
-
35 899
Employee
39 530
-
78 500
-
social contributions
3 284
-
12 852
-
income
7 459
-
23 047
-
total
10 743
-
35 899
-
Employer
39 530
-
78 500
-
total
-
-
-
-
Corporate
38 970
78 500
-
-
income
4 871
9 813
-
-
total
4 871
9 813
-
-
Dividends
34 099
68 687
-
-
withholding
6 819
13 738
-
-
total
6 819
13 738
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 433
23 551
35 899
35 899
After tax
56 067
54 949
42 601
42 601
Living cost
28 787
28 787
28 787
28 787
Free-cash
27 280
26 162
13 814
13 814

Estimated living cost  is ₴28787 per week

₴21901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31777
₴30011
₴38112
₴42687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 084
income
-
-
-
14 385
total
-
-
-
17 469
Employee
23 183
-
76 175
-
social contributions
2 323
-
2 325
-
income
2 515
-
17 394
-
total
4 838
-
19 719
-
Employer
23 183
-
76 175
-
social contributions
2 323
-
2 325
-
total
2 323
-
2 325
-
Corporate
52 995
78 500
-
-
income
18 548
27 475
-
-
total
18 548
27 475
-
-
Dividends
34 447
51 025
-
-
social contributions
2 670
2 670
-
-
total
2 670
2 670
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 379
30 145
22 044
17 469
After tax
50 121
48 355
56 456
61 031
Living cost
18 344
18 344
18 344
18 344
Free-cash
31 777
30 011
38 112
42 687

Estimated living cost  is ₴18344 per week

₴12083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36770
₴33792
₴26971
₴34132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
21 364
pensions
-
-
-
4 323
total
-
-
-
25 687
Employee
25 642
-
68 668
-
health
334
-
1 035
-
pensions
1 957
-
5 391
-
income
4 670
-
16 590
-
total
6 961
-
23 016
-
Employer
25 642
-
68 668
-
pensions
2 591
-
8 527
-
health
487
-
1 305
-
total
3 078
-
9 832
-
Corporate
49 780
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.

9 458
14 915
-
-
total
9 458
14 915
-
-
Dividends
40 322
63 585
-
-
withholding
3 552
11 112
-
-
total
3 552
11 112
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 049
26 027
32 848
25 687
After tax
55 451
52 473
45 652
52 813
Living cost
18 681
18 681
18 681
18 681
Free-cash
36 770
33 792
26 971
34 132

Estimated living cost  is ₴18681 per week

₴12815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4470
-₴5954
₴29888
₴41396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other
-
-
-
192
income
-
-
-
21 192
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
24 792
Employee
19 367
-
69 925
-
health
2 217
-
8 006
-
pensions
2 181
-
3 943
-
income
2 657
-
15 776
-
total
7 055
-
27 725
-
Employer
19 367
-
69 925
-
accident
323
-
1 168
-
pensions
3 149
-
5 694
-
unemployment
474
-
1 713
-
total
3 946
-
8 575
-
Corporate
55 186
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.

49 668
70 650
-
-
total
49 668
70 650
-
-
Dividends
5 519
7 850
-
-
withholding
1 049
1 492
-
-
total
1 049
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
61 718
72 142
36 300
24 792
After tax
16 782
6 358
42 200
53 708
Living cost
12 312
12 312
12 312
12 312
Free-cash
4 470
-5 954
29 888
41 396

Estimated living cost  is ₴12312 per week

₴9035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
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.
₴2311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56870
₴59235
₴47785
₴37305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
12 784
pensions
-
-
-
14 444
health insurance
-
-
-
5 809
work injury
-
-
-
393
total
-
-
-
34 372
Employee

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

10 916
-
78 500
-
health insurance
808
-
2 989
-
unemployment
131
-
485
-
work injury
55
-
202
-
pensions
2 009
-
7 432
-
income
1 092
-
12 784
-
total
4 095
-
23 892
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 584
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%.

676
785
-
-
total
676
785
-
-
Dividends
66 908
77 715
-
-
withholding
10 036
11 657
-
-
total
10 036
11 657
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 807
12 442
23 892
34 372
After tax
63 693
66 058
54 608
44 128
Living cost
6 823
6 823
6 823
6 823
Free-cash
56 870
59 235
47 785
37 305

Estimated living cost  is ₴6823 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18918
₴21217
₴13609
₴17071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 786
social contributions
-
-
-
20 190
municipal
-
-
-
525
national
-
-
-
18 796
total
-
-
-
41 297
Employee
42 584
-
78 500
-
national
7 196
-
16 242
-
regional
643
-
1 579
-
municipal
254
-
468
-
social contributions
14 359
-
26 470
-
total
22 452
-
44 759
-
Employer
42 584
-
78 500
-
total
-
-
-
-
Corporate
35 916
78 500
-
-
nationa
8 620
18 840
-
-
municipal
1 731
3 783
-
-
total
10 351
22 623
-
-
Dividends
25 565
55 877
-
-
withholding
6 647
14 528
-
-
total
6 647
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 450
37 151
44 759
41 297
After tax
39 050
41 349
33 741
37 203
Living cost
20 132
20 132
20 132
20 132
Free-cash
18 918
21 217
13 609
17 071

Estimated living cost  is ₴20132 per week

₴14141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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