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
₴35276
₴24129
₴26655
₴29785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
health

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

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

-
-
-
3 492
income

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

-
-
-
22 986
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.

-
-
-
1 264
trade
-
-
-
8 621
total
-
-
-
36 363
Employee

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

19 550
-
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
-
1 264
-
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.

546
-
22 986
-
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.

3 492
-
3 492
-
total
4 068
-
27 742
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 950
78 500
-
-
chamber of commerce
162
190
-
-
surtax

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

486
648
-
-
trade
9 285
12 363
-
-
income
8 842
11 775
-
-
total
18 775
24 976
-
-
Dividends
40 175
53 524
-
-
surtax

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

541
726
-
-
withholding
9 849
13 187
-
-
total
10 390
13 913
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 233
38 889
27 742
36 363
After tax
45 267
39 611
50 758
42 137
Living cost
15 482
15 482
15 482
15 482
Free-cash
29 785
24 129
35 276
26 655

Estimated living cost  is ₴15482 per week

₴9739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1805
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.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20348
₴22140
₴19733
₴21693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
13 164
municipal
-
-
-
8 495
total
-
-
-
31 923
Employee
41 613
-
67 863
-
municipal
5 140
-
8 799
-
national
7 965
-
13 635
-
pensions
1 665
-
2 715
-
total
14 770
-
25 149
-
Employer
41 613
-
67 863
-
pensions
3 329
-
5 429
-
social contributions
447
-
730
-
total
3 776
-
6 159
-
Corporate
30 364
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%.

6 073
15 700
-
-
total
6 073
15 700
-
-
Dividends
24 292
62 800
-
-
withholding
5 344
13 816
-
-
total
5 344
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 963
29 516
31 308
31 923
After tax
48 537
48 984
47 192
46 577
Living cost
26 844
26 844
26 844
26 844
Free-cash
21 693
22 140
20 348
19 733

Estimated living cost  is ₴26844 per week

₴18245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36950
₴52166
₴15295
₴47973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 584
income
-
-
-
12 969
surtax
-
-
-
20 018
microenterprise
-
-
-
-
total
-
-
-
52 571
Employee
14 936
-
56 693
-
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.

1 643
-
6 236
-
income
2 659
-
11 023
-
total
4 302
-
17 259
-
Employer
14 936
-
56 693
-
surtax
-
-
-
-
social contributions

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

3 598
-
13 657
-
total
3 598
-
13 657
-
Corporate
59 966
78 500
-
-
income

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

11 993
15 700
-
-
total
11 993
15 700
-
-
Dividends

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

47 974
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
19 893
15 700
30 916
52 571
After tax
58 607
62 800
47 584
25 929
Living cost
10 634
10 634
10 634
10 634
Free-cash
47 973
52 166
36 950
15 295

Estimated living cost  is ₴10634 per week

₴6784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26380
₴17280
₴22729
₴14150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
6 303
income
-
-
-
22 067
pensions
-
-
-
5 989
total
-
-
-
34 359
Employee
43 649
43 649
69 001
-
income

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

7 145
7 145
8 917
-
pensions
7 857
5 989
5 989
-
health
6 700
5 699
6 303
-
total
21 702
18 833
21 209
-
Employer
43 649
43 649
69 001
-
unemployment
1 571
1 571
1 953
-
health
3 034
3 034
3 770
-
pensions
3 038
3 038
3 776
-
total
7 643
7 643
9 499
-
Corporate
27 743
27 207
-
-
income
5 548
5 442
-
-
total
5 548
5 442
-
-
Dividends
22 194
21 765
-
-
income
4 716
4 625
-
-
withholding
3 329
3 265
-
-
total
8 045
7 890
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 938
39 808
30 708
34 359
After tax
35 562
38 692
47 792
44 141
Living cost
21 412
21 412
21 412
21 412
Free-cash
14 150
17 280
26 380
22 729

Estimated living cost  is ₴21412 per week

₴15174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19620
₴21785
₴20132
₴21312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 367
health
-
-
-
2 882
accident
-
-
-
92
pensions
-
-
-
4 993
national
-
-
-
4 494
unemployment
-
-
-
46
municipal
-
-
-
19 418
total
-
-
-
37 292
Employee
30 031
-
63 987
-
municipal
8 955
-
19 081
-
national
-
-
4 211
-
total
8 955
-
23 292
-
Employer
30 031
-
63 987
-
other
3 490
-
5 367
-
unemployment
793
-
1 219
-
health
1 847
-
2 841
-
accident
60
-
92
-
pensions
3 246
-
4 993
-
total
9 436
-
14 512
-
Corporate
39 033
78 500
-
-
income
8 587
17 270
-
-
total
8 587
17 270
-
-
Dividends
30 446
61 230
-
-
withholding
9 134
18 369
-
-
total
9 134
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 112
35 639
37 804
37 292
After tax
42 388
42 861
40 696
41 208
Living cost
21 076
21 076
21 076
21 076
Free-cash
21 312
21 785
19 620
20 132

Estimated living cost  is ₴21076 per week

₴13968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30678
₴19128
₴21674
₴26310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
health

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

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

-
-
-
3 492
income

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

-
-
-
22 986
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.

-
-
-
1 264
trade
-
-
-
9 004
total
-
-
-
36 746
Employee

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

25 921
-
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.

122
-
1 264
-
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.

2 227
-
22 986
-
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.

3 492
-
3 492
-
total
5 841
-
27 742
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 579
78 500
-
-
chamber of commerce
152
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.

434
648
-
-
trade
8 649
12 913
-
-
income
7 887
11 775
-
-
total
17 122
25 525
-
-
Dividends
35 457
52 975
-
-
surtax

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

477
718
-
-
withholding
8 670
13 049
-
-
total
9 147
13 767
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 110
39 292
27 742
36 746
After tax
46 390
39 208
50 758
41 754
Living cost
20 080
20 080
20 080
20 080
Free-cash
26 310
19 128
30 678
21 674

Estimated living cost  is ₴20080 per week

₴13429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36931
₴40726
₴37653
₴38606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 270
health
-
-
-
2 002
income
-
-
-
13 996
total
-
-
-
24 268
Employee
39 304
39 304
72 754
-
social contributions
1 910
3 262
4 400
-
income
4 127
3 638
13 607
-
health
391
668
1 237
-
total
6 428
7 568
19 244
-
Employer
39 304
39 304
72 754
-
health
426
727
1 346
-
social contributions
1 910
3 262
4 400
-
total
2 336
3 989
5 746
-
Corporate
53 157
35 206
-
-
income
6 644
4 401
-
-
total
6 644
4 401
-
-
Dividends
46 513
30 805
-
-
withholding
7 907
5 237
-
-
total
7 907
5 237
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 315
21 195
24 990
24 268
After tax
55 185
57 305
53 510
54 232
Living cost
16 579
16 579
16 579
16 579
Free-cash
38 606
40 726
36 931
37 653

Estimated living cost  is ₴16579 per week

₴11333
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.
₴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.
₴3672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35923
₴34543
₴44797
₴34743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

13 835
5 506
65 690
-
income
1 691
673
8 031
-
pensions
1 384
551
6 569
-
health
968
385
4 598
-
unemployment
208
83
985
-
total
4 251
1 692
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.

13 835
5 506
65 690
-
pensions
2 698
1 074
12 810
-
total
2 698
1 074
12 810
-
Corporate
61 967
71 920
-
-
income
5 577
6 473
-
-
total
5 577
6 473
-
-
Dividends
56 390
65 447
-
-
social contributions
10 933
12 699
-
-
withholding
10 714
12 435
-
-
total
21 647
25 134
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 173
34 373
32 993
24 119
After tax
44 327
44 127
45 507
54 381
Living cost
9 584
9 584
9 584
9 584
Free-cash
34 743
34 543
35 923
44 797

Estimated living cost  is ₴9584 per week

₴6541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴192
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2068
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32900
₴50454
₴29730
₴47280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
10 205
income
-
-
-
10 519
pensions
-
-
-
15 700
total
-
-
-
36 424
Employee
14 500
-
58 670
-
income
1 632
-
11 311
-
pensions
290
-
1 174
-
unemployment
232
-
939
-
total
2 154
-
13 424
-
Employer
14 500
-
58 670
-
unemployment
116
-
469
-
health
1 885
-
7 627
-
pensions
2 900
-
11 734
-
total
4 901
-
19 830
-
Corporate
59 098
78 500
-
-
income
11 819
15 700
-
-
total
11 819
15 700
-
-
Dividends
47 279
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 874
15 700
33 254
36 424
After tax
59 626
62 800
45 246
42 076
Living cost
12 346
12 346
12 346
12 346
Free-cash
47 280
50 454
32 900
29 730

Estimated living cost  is ₴12346 per week

₴8468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
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.
₴2894
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30891
-₴4964
₴42385
₴4624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
21 209
pensions
-
-
-
2 141
total
-
-
-
24 793
Employee
17 810
-
69 948
-
income
2 443
-
15 800
-
pensions
2 005
-
3 926
-
health
2 039
-
8 009
-
total
6 487
-
27 735
-
Employer
17 810
-
69 948
-
unemployment
436
-
1 714
-
accident
297
-
1 168
-
pensions
2 896
-
5 670
-
total
3 629
-
8 552
-
Corporate
57 060
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.

51 354
70 650
-
-
total
51 354
70 650
-
-
Dividends
5 706
7 850
-
-
withholding
1 084
1 492
-
-
total
1 084
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 554
72 142
36 287
24 793
After tax
15 946
6 358
42 213
53 707
Living cost
11 322
11 322
11 322
11 322
Free-cash
4 624
-4 964
30 891
42 385

Estimated living cost  is ₴11322 per week

₴8298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58534
₴70309
₴73449
₴69510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 332
-
78 500
-
income
1 066
-
15 700
-
total
1 066
-
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%.

73 168
78 500
-
-
total
-
-
-
-
Dividends
73 168
78 500
-
-
withholding
3 658
3 925
-
-
total
3 658
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
4 724
3 925
15 700
785
After tax
73 776
74 575
62 800
77 715
Living cost
4 266
4 266
4 266
4 266
Free-cash
69 510
70 309
58 534
73 449

Estimated living cost  is ₴4266 per week

₴2644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31147
₴44054
₴28093
₴40604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 692
health
-
-
-
3 420
income
-
-
-
11 020
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.

-
-
-
18 655
total
-
-
-
36 787
Employee
18 559
-
62 700
-
income
3 195
-
12 039
-
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.

1 299
-
4 389
-
health
260
-
878
-
unemployment
185
-
627
-
total
4 939
-
17 933
-
Employer
18 559
-
62 700
-
other
928
-
3 135
-
unemployment
185
-
627
-
health
260
-
878
-
accident
148
-
501
-
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.

3 155
-
10 659
-
total
4 676
-
15 800
-
Corporate
55 264
78 500
-
-
income
11 605
16 485
-
-
total
11 605
16 485
-
-
Dividends
43 659
62 015
-
-
withholding
3 056
4 341
-
-
total
3 056
4 341
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 276
20 826
33 733
36 787
After tax
54 224
57 674
44 767
41 713
Living cost
13 620
13 620
13 620
13 620
Free-cash
40 604
44 054
31 147
28 093

Estimated living cost  is ₴13620 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11895
₴18731
₴19058
₴18093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 322
pensions
-
-
-
4 336
total
-
-
-
25 658
Employee
47 799
-
68 671
-
income
8 616
-
16 547
-
health
788
-
1 036
-
pensions
4 611
-
5 409
-
total
14 015
-
22 992
-
Employer
47 799
-
68 671
-
health
908
-
1 305
-
pensions
5 644
-
8 524
-
total
6 552
-
9 829
-
Corporate
24 150
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.

4 589
14 915
-
-
total
4 589
14 915
-
-
Dividends
19 561
63 585
-
-
withholding
1 467
11 070
-
-
total
1 467
11 070
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 623
25 985
32 821
25 658
After tax
51 877
52 515
45 679
52 842
Living cost
33 784
33 784
33 784
33 784
Free-cash
18 093
18 731
11 895
19 058

Estimated living cost  is ₴33784 per week

₴25315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3969
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.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴58319
₴60475
₴55357
₴58120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
2 035
income
-
-
-
11 775
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
16 500
Employee
8 797
-
75 028
-
income
880
-
7 503
-
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.

772
-
1 554
-
health
405
-
814
-
total
2 154
-
10 066
-
Employer
8 797
-
75 028
-
unemployment
53
-
106
-
health
607
-
1 221
-
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.

969
-
1 950
-
total
1 726
-
3 472
-
Corporate
67 977
78 500
-
-
income
6 798
7 850
-
-
total
6 798
7 850
-
-
Dividends
61 179
70 650
-
-
withholding
3 059
3 532
-
-
total
3 059
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 737
11 382
13 538
16 500
After tax
64 763
67 118
64 962
62 000
Living cost
6 643
6 643
6 643
6 643
Free-cash
58 120
60 475
58 319
55 357

Estimated living cost  is ₴6643 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
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
₴19448
₴10348
₴15797
₴11635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
6 303
income
-
-
-
22 067
pensions
-
-
-
5 989
total
-
-
-
34 359
Employee
47 389
43 649
69 001
-
income

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

7 145
7 145
8 917
-
pensions
5 989
5 989
5 989
-
health
5 912
5 699
6 303
-
total
19 046
18 833
21 209
-
Employer
47 389
43 649
69 001
-
unemployment
1 706
1 571
1 953
-
health
3 293
3 034
3 770
-
pensions
3 298
3 038
3 776
-
total
8 297
7 643
9 499
-
Corporate
22 813
27 207
-
-
income
4 563
5 442
-
-
total
4 563
5 442
-
-
Dividends
18 251
21 765
-
-
income
3 878
4 625
-
-
withholding
2 737
3 265
-
-
total
6 615
7 890
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 521
39 808
30 708
34 359
After tax
39 979
38 692
47 792
44 141
Living cost
28 344
28 344
28 344
28 344
Free-cash
11 635
10 348
19 448
15 797

Estimated living cost  is ₴28344 per week

₴20908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27236
₴41448
₴29708
₴36955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 129
health
-
-
-
10 598
income
-
-
-
7 466
solidarity contribution
-
-
-
-
total
-
-
-
36 193
Employee
18 527
-
58 582
-
social contributions
1 204
-
3 808
-
solidarity contribution
-
-
-
-
income
2 223
-
7 030
-
health
2 501
-
7 909
-
total
5 928
-
18 747
-
Employer
18 527
-
58 582
-
health
1 667
-
5 272
-
social contributions
4 632
-
14 646
-
total
6 299
-
19 918
-
Corporate
53 673
78 500
-
-
income
10 198
14 915
-
-
total
10 198
14 915
-
-
Dividends
43 475
63 585
-
-
withholding
6 521
9 538
-
-
total
6 521
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 946
24 453
38 665
36 193
After tax
49 554
54 047
39 835
42 307
Living cost
12 599
12 599
12 599
12 599
Free-cash
36 955
41 448
27 236
29 708

Estimated living cost  is ₴12599 per week

₴8751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴896
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.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13038
₴20315
₴16624
₴17646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
20 190
national
-
-
-
18 737
regional
-
-
-
914
municipal
-
-
-
467
total
-
-
-
40 308
Employee
45 427
-
78 500
-
social contributions
15 318
-
26 470
-
municipal
241
-
416
-
national
7 871
-
16 202
-
regional
429
-
806
-
total
23 859
-
43 894
-
Employer
45 427
-
78 500
-
total
-
-
-
-
Corporate
33 073
78 500
-
-
nationa
7 937
18 840
-
-
municipal
1 290
3 061
-
-
total
9 227
21 901
-
-
Dividends
23 845
56 599
-
-
withholding
6 200
14 716
-
-
total
6 200
14 716
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 286
36 617
43 894
40 308
After tax
39 214
41 883
34 606
38 192
Living cost
21 568
21 568
21 568
21 568
Free-cash
17 646
20 315
13 038
16 624

Estimated living cost  is ₴21568 per week

₴15035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23343
₴38098
₴25975
₴36507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 843
income
-
-
-
19 775
pensions
-
-
-
13 644
surtax
-
-
-
2 868
unemployment
-
-
-
116
total
-
-
-
41 246
Employee
16 903
-
64 849
-
surtax
55
-
2 453
-
income
2 833
-
17 283
-
other
-
-
-
-
pensions
1 127
-
4 325
-
health
432
-
1 653
-
unemployment
1 177
-
4 513
-
total
5 624
-
30 227
-
Employer
16 903
-
64 849
-
other
-
-
-
-
unemployment
535
-
2 055
-
health
769
-
2 951
-
pensions
2 253
-
8 645
-
total
3 557
-
13 651
-
Corporate
58 039
78 500
-
-
income
15 090
20 410
-
-
total
15 090
20 410
-
-
Dividends
42 949
58 090
-
-
withholding
6 443
8 713
-
-
total
6 443
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 714
29 123
43 878
41 246
After tax
47 786
49 377
34 622
37 254
Living cost
11 279
11 279
11 279
11 279
Free-cash
36 507
38 098
23 343
25 975

Estimated living cost  is ₴11279 per week

₴6897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22599
₴29435
₴29762
₴31761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 322
pensions
-
-
-
4 336
total
-
-
-
25 658
Employee
32 033
-
68 671
-
income
5 769
-
16 547
-
health
465
-
1 036
-
pensions
2 719
-
5 409
-
total
8 953
-
22 992
-
Employer
32 033
-
68 671
-
health
609
-
1 305
-
pensions
3 468
-
8 524
-
total
4 077
-
9 829
-
Corporate
42 390
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.

8 054
14 915
-
-
total
8 054
14 915
-
-
Dividends
34 336
63 585
-
-
withholding
2 575
11 070
-
-
total
2 575
11 070
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 659
25 985
32 821
25 658
After tax
54 841
52 515
45 679
52 842
Living cost
23 080
23 080
23 080
23 080
Free-cash
31 761
29 435
22 599
29 762

Estimated living cost  is ₴23080 per week

₴17291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19454
-₴5106
₴23265
₴12439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
177
pensions
-
-
-
7 222
city
-
-
-
828
national
-
-
-
952
regional
-
-
-
3 484
total
-
-
-
14 233
Employee
47 982
-
70 263
-
national
227
-
770
-
city
515
-
755
-
pensions
4 031
-
5 901
-
health
108
-
158
-
regional
1 571
-
2 996
-
unemployment
-
-
-
-
total
6 452
-
10 580
-
Employer
47 982
-
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.

959
-
1 405
-
unemployment
-
-
-
-
health
108
-
158
-
pensions
4 031
-
5 901
-
total
5 098
-
7 464
-
Corporate
24 891
78 500
-
-
regional
5 264
16 603
-
-
national
2 116
6 672
-
-
total
7 380
23 275
-
-
Dividends
17 511
55 225
-
-
withholding
6 129
19 329
-
-
total
6 129
19 329
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 059
42 604
18 044
14 233
After tax
53 441
35 896
60 456
64 267
Living cost
41 002
41 002
41 002
41 002
Free-cash
12 439
-5 106
19 454
23 265

Estimated living cost  is ₴41002 per week

₴26663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27342
₴15389
₴17954
₴23677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
health

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

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

-
-
-
3 492
income

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

-
-
-
22 986
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.

-
-
-
1 264
trade
-
-
-
9 388
total
-
-
-
37 130
Employee

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

30 719
-
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.

199
-
1 264
-
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.

3 612
-
22 986
-
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.

3 492
-
3 492
-
total
7 303
-
27 742
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
47 781
78 500
-
-
chamber of commerce
145
188
-
-
surtax

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

394
648
-
-
trade
8 194
13 462
-
-
income
7 167
11 775
-
-
total
15 900
26 073
-
-
Dividends
31 881
52 427
-
-
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.

428
710
-
-
withholding
7 776
12 912
-
-
total
8 204
13 622
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 407
39 695
27 742
37 130
After tax
47 093
38 805
50 758
41 370
Living cost
23 416
23 416
23 416
23 416
Free-cash
23 677
15 389
27 342
17 954

Estimated living cost  is ₴23416 per week

₴17102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26940
₴22077
₴26935
₴25094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 237
health
-
-
-
2 959
income
-
-
-
11 350
pensions
-
-
-
15 097
surtax
-
-
-
-
total
-
-
-
34 077
Employee
21 876
-
61 472
-
surtax
-
-
-
-
social contributions
624
-
1 751
-
income
1 291
-
11 316
-
pensions
2 473
-
3 976
-
total
4 388
-
17 043
-
Employer
21 876
-
61 472
-
other
755
-
2 271
-
unemployment
886
-
2 490
-
health
1 532
-
5 336
-
pensions
3 594
-
6 748
-
social contributions
66
-
184
-
total
6 833
-
17 029
-
Corporate
49 792
78 500
-
-
surtax
-
-
-
-
income
13 942
21 980
-
-
total
13 942
21 980
-
-
Dividends
35 851
56 520
-
-
social contributions
6 166
9 721
-
-
surtax
-
-
-
-
withholding
4 589
7 234
-
-
total
10 755
16 955
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 918
38 935
34 072
34 077
After tax
42 582
39 565
44 428
44 423
Living cost
17 488
17 488
17 488
17 488
Free-cash
25 094
22 077
26 940
26 935

Estimated living cost  is ₴17488 per week

₴11027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28673
₴23810
₴28668
₴26647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 237
health
-
-
-
2 959
income
-
-
-
11 350
pensions
-
-
-
15 097
surtax
-
-
-
-
total
-
-
-
34 077
Employee
19 527
-
61 472
-
surtax
-
-
-
-
social contributions
557
-
1 751
-
income
1 007
-
11 316
-
pensions
2 209
-
3 976
-
total
3 773
-
17 043
-
Employer
19 527
-
61 472
-
other
674
-
2 271
-
unemployment
791
-
2 490
-
health
1 367
-
5 336
-
pensions
3 209
-
6 748
-
social contributions
58
-
184
-
total
6 099
-
17 029
-
Corporate
52 874
78 500
-
-
surtax
-
-
-
-
income
14 805
21 980
-
-
total
14 805
21 980
-
-
Dividends
38 069
56 520
-
-
social contributions
6 548
9 721
-
-
surtax
-
-
-
-
withholding
4 873
7 234
-
-
total
11 421
16 955
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 098
38 935
34 072
34 077
After tax
42 402
39 565
44 428
44 423
Living cost
15 755
15 755
15 755
15 755
Free-cash
26 647
23 810
28 673
28 668

Estimated living cost  is ₴15755 per week

₴9137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴38294
₴37053
₴39574
₴37319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
10 833
health
-
-
-
5 479
income
-
-
-
11 775
total
-
-
-
28 087
Employee
17 331
-
78 500
-
social contributions
2 392
-
10 833
-
income
2 891
-
13 055
-
health
1 210
-
5 479
-
total
6 493
-
29 367
-
Employer
17 331
-
78 500
-
total
-
-
-
-
Corporate
61 169
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%.

3 058
3 925
-
-
total
3 058
3 925
-
-
Dividends
58 111
74 575
-
-
social contributions
8 019
10 292
-
-
withholding
8 716
11 186
-
-
health
4 056
5 205
-
-
total
20 791
26 683
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 342
30 608
29 367
28 087
After tax
48 158
47 892
49 133
50 413
Living cost
10 839
10 839
10 839
10 839
Free-cash
37 319
37 053
38 294
39 574

Estimated living cost  is ₴10839 per week

₴7254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
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.
₴2666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2478
₴25534
₴22247
₴24743
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
4 568
income
-
-
-
19 077
chamber of commerce
-
-
-
314
pensions
-
-
-
11 047
surtax
-
-
-
101
unemployment
-
-
-
3 135
total
-
-
-
38 242
Employee
25 545
20 370
61 112
-
income
2 908
1 503
15 014
-
other
255
204
598
-
pensions
2 616
2 085
6 115
-
health
988
789
2 311
-
unemployment
766
611
1 792
-
total
7 533
5 192
25 830
-
Employer
25 545
20 370
61 112
-
other
1 213
967
2 891
-
unemployment
766
611
1 792
-
health
965
770
2 257
-
surtax
101
101
101
-
accident
332
265
776
-
pensions
3 206
2 557
7 494
-
payroll
766
611
1 833
-
chamber of commerce
102
81
244
-
total
7 451
5 963
17 388
-
Corporate
45 504
52 167
59 172
-
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.

11 376
13 041
14 793
-
total
11 376
13 041
14 793
-
Dividends
34 128
39 125
-
-
withholding
9 386
10 759
-
-
total
9 386
10 759
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 746
34 955
58 011
38 242
After tax
42 754
43 545
20 489
40 258
Living cost
18 011
18 011
18 011
18 011
Free-cash
24 743
25 534
2 478
22 247

Estimated living cost  is ₴18011 per week

₴12012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1536
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.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9643
₴25289
₴15544
₴17624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 238
communal

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

-
-
-
3 976
national
-
-
-
28 105
total
-
-
-
44 319
Employee

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

36 562
-
60 801
-
national
11 241
-
21 402
-
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.

2 742
-
4 560
-
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.

1 718
-
2 858
-
communal

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

1 907
-
3 171
-
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.

318
-
529
-
total
17 926
-
32 520
-
Employer

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

36 562
-
60 801
-
unemployment

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

533
-
888
-
health

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

2 248
-
3 739
-
surtax
4 146
-
6 895
-
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.

475
-
791
-
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.

3 240
-
5 387
-
total
10 642
-
17 700
-
Corporate
31 295
78 500
-
-
surtax
125
314
-
-
income
6 259
15 700
-
-
total
6 384
16 014
-
-
Dividends
24 911
62 486
-
-
withholding

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

7 287
18 560
-
-
total
7 287
18 560
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 239
34 574
50 220
44 319
After tax
36 261
43 926
28 280
34 181
Living cost
18 637
18 637
18 637
18 637
Free-cash
17 624
25 289
9 643
15 544

Estimated living cost  is ₴18637 per week

₴12005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
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.
₴4711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23580
₴34005
₴25724
₴30299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
427
income
-
-
-
20 103
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
34 317
Employee
25 443
-
63 396
-
income
5 368
-
18 349
-
other
25
-
48
-
pensions
1 196
-
2 227
-
unemployment
395
-
734
-
total
6 984
-
21 358
-
Employer
25 443
-
63 396
-
other
203
-
379
-
unemployment
1 400
-
2 605
-
accident
503
-
938
-
pensions
6 004
-
11 181
-
total
8 110
-
15 103
-
Corporate
44 947
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.

6 742
11 775
-
-
total
6 742
11 775
-
-
Dividends
38 204
66 725
-
-
withholding
7 906
14 261
-
-
total
7 906
14 261
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 742
26 036
36 461
34 317
After tax
48 758
52 464
42 039
44 183
Living cost
18 459
18 459
18 459
18 459
Free-cash
30 299
34 005
23 580
25 724

Estimated living cost  is ₴18459 per week

₴13593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15456
₴18799
₴12325
₴12846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
5 515
accident
-
-
-
662
income
-
-
-
11 601
pensions
-
-
-
11 766
communal
-
-
-
4 961
surtax
-
-
-
3 892
total
-
-
-
38 397
Employee
38 708
-
70 120
-
surtax
2 373
-
4 297
-
income
3 739
-
13 861
-
pensions
3 096
-
5 609
-
health
1 723
-
3 120
-
total
10 931
-
26 887
-
Employer
38 708
-
70 120
-
health
1 180
-
2 139
-
accident
348
-
631
-
pensions
3 096
-
5 609
-
total
4 624
-
8 379
-
Corporate
35 167
78 500
-
-
surtax
370
824
-
-
income
5 275
11 775
-
-
communal
2 374
5 299
-
-
total
8 019
17 898
-
-
Dividends
27 149
60 602
-
-
income
10 230
4 934
-
-
withholding
4 072
9 091
-
-
total
14 302
14 025
-
-
Income
78 500
78 500
78 500
78 500
Total tax
37 876
31 923
35 266
38 397
After tax
40 624
46 577
43 234
40 103
Living cost
27 778
27 778
27 778
27 778
Free-cash
12 846
18 799
15 456
12 325

Estimated living cost  is ₴27778 per week

₴20837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
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.
₴4962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23141
₴37896
₴25773
₴36270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
4 843
income
-
-
-
19 775
pensions
-
-
-
13 644
surtax
-
-
-
2 868
unemployment
-
-
-
116
total
-
-
-
41 246
Employee
17 213
-
64 849
-
surtax
61
-
2 453
-
income
2 886
-
17 283
-
other
-
-
-
-
pensions
1 148
-
4 325
-
health
439
-
1 653
-
unemployment
1 198
-
4 513
-
total
5 732
-
30 227
-
Employer
17 213
-
64 849
-
other
-
-
-
-
unemployment
546
-
2 055
-
health
783
-
2 951
-
pensions
2 295
-
8 645
-
total
3 624
-
13 651
-
Corporate
57 663
78 500
-
-
income
14 992
20 410
-
-
total
14 992
20 410
-
-
Dividends
42 671
58 090
-
-
withholding
6 401
8 713
-
-
total
6 401
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 749
29 123
43 878
41 246
After tax
47 751
49 377
34 622
37 254
Living cost
11 481
11 481
11 481
11 481
Free-cash
36 270
37 896
23 141
25 773

Estimated living cost  is ₴11481 per week

₴6932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20587
₴27493
₴24153
₴26358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
20 190
national
-
-
-
18 737
regional
-
-
-
1 184
municipal
-
-
-
467
total
-
-
-
40 578
Employee
28 354
-
78 500
-
social contributions
9 561
-
26 470
-
municipal
150
-
416
-
national
4 492
-
16 202
-
regional
382
-
1 056
-
total
14 585
-
44 144
-
Employer
28 354
-
78 500
-
total
-
-
-
-
Corporate
50 146
78 500
-
-
nationa
12 035
18 840
-
-
municipal
2 492
3 901
-
-
total
14 527
22 741
-
-
Dividends
35 620
55 759
-
-
withholding
9 261
14 497
-
-
total
9 261
14 497
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 373
37 238
44 144
40 578
After tax
40 127
41 262
34 356
37 922
Living cost
13 769
13 769
13 769
13 769
Free-cash
26 358
27 493
20 587
24 153

Estimated living cost  is ₴13769 per week

₴8563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24310
₴38522
₴26782
₴32983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 129
health
-
-
-
10 598
income
-
-
-
7 466
solidarity contribution
-
-
-
-
total
-
-
-
36 193
Employee
22 831
-
58 582
-
social contributions
1 484
-
3 808
-
solidarity contribution
-
-
-
-
income
2 740
-
7 030
-
health
3 082
-
7 909
-
total
7 306
-
18 747
-
Employer
22 831
-
58 582
-
health
2 055
-
5 272
-
social contributions
5 708
-
14 646
-
total
7 763
-
19 918
-
Corporate
47 907
78 500
-
-
income
9 102
14 915
-
-
total
9 102
14 915
-
-
Dividends
38 805
63 585
-
-
withholding
5 821
9 538
-
-
total
5 821
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 992
24 453
38 665
36 193
After tax
48 508
54 047
39 835
42 307
Living cost
15 525
15 525
15 525
15 525
Free-cash
32 983
38 522
24 310
26 782

Estimated living cost  is ₴15525 per week

₴11545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴860
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.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4214
₴27292
₴24052
₴27042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
4 568
income
-
-
-
19 077
chamber of commerce
-
-
-
314
pensions
-
-
-
11 047
surtax
-
-
-
-
unemployment
-
-
-
3 135
total
-
-
-
38 141
Employee
22 343
20 370
61 206
-
income
1 990
1 503
15 053
-
other
223
204
598
-
pensions
2 288
2 085
6 115
-
health
864
789
2 311
-
unemployment
670
611
1 792
-
total
6 035
5 192
25 869
-
Employer
22 343
20 370
61 206
-
other
1 061
967
2 894
-
unemployment
670
611
1 792
-
health
845
770
2 257
-
surtax
-
-
-
-
accident
290
265
776
-
pensions
2 804
2 557
7 494
-
payroll
670
611
1 836
-
chamber of commerce
89
81
244
-
total
6 429
5 862
17 293
-
Corporate
49 726
52 268
59 266
-
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.

12 431
13 067
14 817
-
total
12 431
13 067
14 817
-
Dividends
37 295
39 201
-
-
withholding
10 256
10 780
-
-
total
10 256
10 780
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 151
34 901
57 979
38 141
After tax
43 349
43 599
20 521
40 359
Living cost
16 307
16 307
16 307
16 307
Free-cash
27 042
27 292
4 214
24 052

Estimated living cost  is ₴16307 per week

₴9782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
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.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56153
₴67928
₴71068
₴66681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 309
-
78 500
-
income
1 662
-
15 700
-
total
1 662
-
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%.

70 191
78 500
-
-
total
-
-
-
-
Dividends
70 191
78 500
-
-
withholding
3 510
3 925
-
-
total
3 510
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 172
3 925
15 700
785
After tax
73 328
74 575
62 800
77 715
Living cost
6 647
6 647
6 647
6 647
Free-cash
66 681
67 928
56 153
71 068

Estimated living cost  is ₴6647 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23136
₴40337
₴25217
₴36061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
78 500
health
-
-
-
7 724
income
-
-
-
17 396
pensions
-
-
-
14 336
unemployment
-
-
-
117
total
-
-
-
39 573
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.

22 603
-
67 924
-
income
3 898
-
16 067
-
pensions
3 504
-
10 528
-
health
1 460
-
4 388
-
unemployment
32
-
95
-
total
8 894
-
31 078
-
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.

22 603
-
67 924
-
unemployment
14
-
41
-
health
1 505
-
4 524
-
pensions
2 000
-
6 011
-
total
3 519
-
10 576
-
Corporate
52 378
78 500
-
-
income
9 952
14 915
-
-
total
9 952
14 915
-
-
Dividends
42 426
63 585
-
-
withholding
6 364
9 538
-
-
total
6 364
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 729
24 453
41 654
39 573
After tax
49 771
54 047
36 846
38 927
Living cost
13 710
13 710
13 710
13 710
Free-cash
36 061
40 337
23 136
25 217

Estimated living cost  is ₴13710 per week

₴9409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48306
₴24620
₴31111
-₴1458
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 178
-
-
-
social contributions
2 721
-
388
-
income
7 318
-
-
-
total
10 039
-
388
-
Employer
33 178
-
-
-
social contributions
46 780
-
6 667
-
total
46 780
-
6 667
-
Corporate
-
78 500
-
-
income
-
17 270
-
-
total
-
17 270
-
-
Dividends
-
61 230
-
-
income
-
13 471
-
-
total
-
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
56 819
30 741
7 055
24 250
After tax
21 681
47 759
71 445
54 250
Living cost
23 139
23 139
23 139
23 139
Free-cash
-1 458
24 620
48 306
31 111

Estimated living cost  is ₴23139 per week

₴15013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
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.
₴5654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20796
₴28618
₴26416
₴28103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 772
surtax
-
-
-
-
total
-
-
-
36 051
Employee
23 509
-
63 434
-
surtax
-
-
-
-
social contributions
2 586
-
6 978
-
income
4 890
-
19 627
-
total
7 476
-
26 605
-
Employer
23 509
-
63 434
-
social contributions
5 583
-
15 066
-
total
5 583
-
15 066
-
Corporate
49 408
78 500
-
-
surtax
-
-
-
-
income
10 376
16 485
-
-
total
10 376
16 485
-
-
Dividends
39 032
62 015
-
-
withholding
10 929
17 364
-
-
total
10 929
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 364
33 849
41 671
36 051
After tax
44 136
44 651
36 829
42 449
Living cost
16 033
16 033
16 033
16 033
Free-cash
28 103
28 618
20 796
26 416

Estimated living cost  is ₴16033 per week

₴11996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19741
₴14878
₴19736
₴18390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 237
health
-
-
-
2 959
income
-
-
-
11 350
pensions
-
-
-
15 097
surtax
-
-
-
-
total
-
-
-
34 077
Employee
32 014
-
61 472
-
surtax
-
-
-
-
social contributions
912
-
1 751
-
income
2 793
-
11 316
-
pensions
3 621
-
3 976
-
total
7 326
-
17 043
-
Employer
32 014
-
61 472
-
other
1 105
-
2 271
-
unemployment
1 297
-
2 490
-
health
2 241
-
5 336
-
pensions
5 260
-
6 748
-
social contributions
96
-
184
-
total
9 999
-
17 029
-
Corporate
36 488
78 500
-
-
surtax
-
-
-
-
income
10 217
21 980
-
-
total
10 217
21 980
-
-
Dividends
26 271
56 520
-
-
social contributions
4 518
9 721
-
-
surtax
-
-
-
-
withholding
3 363
7 234
-
-
total
7 881
16 955
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 423
38 935
34 072
34 077
After tax
43 077
39 565
44 428
44 423
Living cost
24 687
24 687
24 687
24 687
Free-cash
18 390
14 878
19 741
19 736

Estimated living cost  is ₴24687 per week

₴16708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44933
₴55285
₴42846
₴53568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 019
social contributions
-
-
-
17 270
total
-
-
-
20 289
Employee
16 433
-
67 965
-
income
-
-
3 250
-
social contributions
1 068
-
4 417
-
total
1 068
-
7 667
-
Employer
16 433
-
67 965
-
social contributions
2 547
-
10 535
-
total
2 547
-
10 535
-
Corporate
59 520
78 500
-
-
income
5 952
7 850
-
-
total
5 952
7 850
-
-
Dividends
53 568
70 650
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
9 567
7 850
18 202
20 289
After tax
68 933
70 650
60 298
58 211
Living cost
15 365
15 365
15 365
15 365
Free-cash
53 568
55 285
44 933
42 846

Estimated living cost  is ₴15365 per week

₴9935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
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.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴32683
-₴32683
₴22379
-₴32683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
labour market
-
-
-
6 245
pensions
-
-
-
442
national
-
-
-
8 844
municipal
-
-
-
16 014
total
-
-
-
31 545
Employee
103 729
103 729
103 729
-
labour market
8 287
8 287
8 287
-
municipal
22 089
22 089
22 089
-
national
12 672
12 672
12 672
-
pensions
147
147
147
-
total
43 195
43 195
43 195
-
Employer
103 729
103 729
103 729
-
national
12 695
12 695
12 695
-
labour market
8 298
8 298
8 298
-
pensions
295
295
295
-
municipal
22 124
22 124
22 124
-
total
43 412
43 412
43 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
86 607
86 607
86 607
31 545
After tax
-8 107
-8 107
-8 107
46 955
Living cost
24 576
24 576
24 576
24 576
Free-cash
-32 683
-32 683
-32 683
22 379

Estimated living cost  is ₴24576 per week

₴16820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31058
-₴4797
₴42552
₴4648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
21 209
pensions
-
-
-
2 141
total
-
-
-
24 793
Employee
17 547
-
69 948
-
income
2 407
-
15 800
-
pensions
1 976
-
3 926
-
health
2 009
-
8 009
-
total
6 392
-
27 735
-
Employer
17 547
-
69 948
-
unemployment
430
-
1 714
-
accident
293
-
1 168
-
pensions
2 853
-
5 670
-
total
3 576
-
8 552
-
Corporate
57 376
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.

51 639
70 650
-
-
total
51 639
70 650
-
-
Dividends
5 738
7 850
-
-
withholding
1 090
1 492
-
-
total
1 090
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 697
72 142
36 287
24 793
After tax
15 803
6 358
42 213
53 707
Living cost
11 155
11 155
11 155
11 155
Free-cash
4 648
-4 797
31 058
42 552

Estimated living cost  is ₴11155 per week

₴8120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴22290
₴30282
₴32685
₴31288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
78 500
health
-
-
-
995
national
-
-
-
11 245
municipal
-
-
-
13 951
total
-
-
-
26 191
Employee
26 892
-
66 039
-
municipal
4 405
-
10 761
-
national
444
-
7 112
-
pensions
1 815
-
4 458
-
health
201
-
804
-
unemployment
404
-
990
-
total
7 269
-
24 125
-
Employer
26 892
-
66 039
-
unemployment
175
-
430
-
health
207
-
508
-
accident
27
-
66
-
pensions
4 666
-
11 457
-
total
5 075
-
12 461
-
Corporate
46 534
78 500
-
-
income
9 307
15 700
-
-
total
9 307
15 700
-
-
Dividends

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

27 920
47 100
-
-
national
911
4 416
-
-
municipal
5 026
8 478
-
-
total
5 937
12 894
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 588
28 594
36 586
26 191
After tax
50 912
49 906
41 914
52 309
Living cost
19 624
19 624
19 624
19 624
Free-cash
31 288
30 282
22 290
32 685

Estimated living cost  is ₴19624 per week

₴12818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41676
₴45471
₴42398
₴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
-
-
-
78 500
social contributions
-
-
-
8 270
health
-
-
-
2 002
income
-
-
-
13 996
total
-
-
-
24 268
Employee
39 304
39 304
72 754
-
social contributions
1 486
3 262
4 400
-
income
4 280
3 638
13 607
-
health
305
668
1 237
-
total
6 071
7 568
19 244
-
Employer
39 304
39 304
72 754
-
health
331
727
1 346
-
social contributions
1 486
3 262
4 400
-
total
1 817
3 989
5 746
-
Corporate
58 779
35 206
-
-
income
7 348
4 401
-
-
total
7 348
4 401
-
-
Dividends
51 431
30 805
-
-
withholding
8 743
5 237
-
-
total
8 743
5 237
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 979
21 195
24 990
24 268
After tax
54 521
57 305
53 510
54 232
Living cost
11 834
11 834
11 834
11 834
Free-cash
42 687
45 471
41 676
42 398

Estimated living cost  is ₴11834 per week

₴7093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47128
₴56891
₴57377
₴54292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
78 500
health
-
-
-
1 850
income
-
-
-
7 892
pensions
-
-
-
3 251
unemployment
-
-
-
15
total
-
-
-
13 008
Employee

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

11 732
-
73 505
-
income
802
-
6 624
-
pensions
1 760
-
7 275
-
health
997
-
4 122
-
unemployment
58
-
242
-
total
3 617
-
18 263
-
Employer

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

11 732
-
73 505
-
unemployment
58
-
242
-
health
504
-
2 085
-
pensions
645
-
2 667
-
total
1 207
-
4 994
-
Corporate
65 560
78 500
-
-
income
5 900
7 065
-
-
total
5 900
7 065
-
-
Dividends
59 659
71 435
-
-
withholding
5 369
6 429
-
-
total
5 369
6 429
-
-
Income
78 500
78 500
78 500
78 500
Total tax
16 093
13 494
23 257
13 008
After tax
62 407
65 006
55 243
65 492
Living cost
8 115
8 115
8 115
8 115
Free-cash
54 292
56 891
47 128
57 377

Estimated living cost  is ₴8115 per week

₴5178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
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.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴27983
₴38408
₴30127
₴36092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
427
income
-
-
-
20 103
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
34 317
Employee
18 900
-
63 396
-
income
3 644
-
18 349
-
other
18
-
48
-
pensions
889
-
2 227
-
unemployment
293
-
734
-
total
4 844
-
21 358
-
Employer
18 900
-
63 396
-
other
151
-
379
-
unemployment
1 040
-
2 605
-
accident
374
-
938
-
pensions
4 460
-
11 181
-
total
6 025
-
15 103
-
Corporate
53 575
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.

8 036
11 775
-
-
total
8 036
11 775
-
-
Dividends
45 538
66 725
-
-
withholding
9 447
14 261
-
-
total
9 447
14 261
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 352
26 036
36 461
34 317
After tax
50 148
52 464
42 039
44 183
Living cost
14 056
14 056
14 056
14 056
Free-cash
36 092
38 408
27 983
30 127

Estimated living cost  is ₴14056 per week

₴9487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴2971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49460
₴48040
₴49526
₴47885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
499
income
-
-
-
26 842
pensions
-
-
-
689
total
-
-
-
28 030
Employee
1 438
-
77 725
-
income
278
-
26 805
-
pensions
129
-
310
-
health
72
-
172
-
unemployment
14
-
34
-
total
493
-
27 321
-
Employer
1 438
-
77 725
-
unemployment
29
-
69
-
health
137
-
327
-
pensions
158
-
379
-
total
324
-
775
-
Corporate
76 739
78 500
-
-
income
16 883
17 270
-
-
total
16 883
17 270
-
-
Dividends
59 856
61 230
-
-
withholding
11 971
12 246
-
-
total
11 971
12 246
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 671
29 516
28 096
28 030
After tax
48 829
48 984
50 404
50 470
Living cost
944
944
944
944
Free-cash
47 885
48 040
49 460
49 526

Estimated living cost  is ₴944 per week

₴561
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.
₴285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37917
₴47887
₴37917
₴45374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
78 500
health
-
-
-
3 886
income
-
-
-
17 492
pensions
-
-
-
9 810
unemployment
-
-
-
566
total
-
-
-
31 754
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.

13 313
-
71 746
-
income
1 835
-
17 492
-
pensions
1 864
-
5 282
-
health
686
-
1 943
-
unemployment
100
-
283
-
total
4 485
-
25 000
-
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.

13 313
-
71 746
-
unemployment
100
-
283
-
health
686
-
1 943
-
pensions
1 598
-
4 528
-
total
2 384
-
6 754
-
Corporate
62 803
78 500
-
-
income
9 421
11 775
-
-
total
9 421
11 775
-
-
Dividends
53 383
66 725
-
-
withholding
8 007
10 009
-
-
total
8 007
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 297
21 784
31 754
31 754
After tax
54 203
56 716
46 746
46 746
Living cost
8 829
8 829
8 829
8 829
Free-cash
45 374
47 887
37 917
37 917

Estimated living cost  is ₴8829 per week

₴5945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23049
₴30871
₴28669
₴30688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 772
surtax
-
-
-
-
total
-
-
-
36 051
Employee
19 839
-
63 434
-
surtax
-
-
-
-
social contributions
2 182
-
6 978
-
income
3 876
-
19 627
-
total
6 058
-
26 605
-
Employer
19 839
-
63 434
-
social contributions
4 711
-
15 066
-
total
4 711
-
15 066
-
Corporate
53 950
78 500
-
-
surtax
-
-
-
-
income
11 329
16 485
-
-
total
11 329
16 485
-
-
Dividends
42 621
62 015
-
-
withholding
11 934
17 364
-
-
total
11 934
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 032
33 849
41 671
36 051
After tax
44 468
44 651
36 829
42 449
Living cost
13 780
13 780
13 780
13 780
Free-cash
30 688
30 871
23 049
28 669

Estimated living cost  is ₴13780 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24075
₴34500
₴26219
₴30966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
427
income
-
-
-
20 103
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
34 317
Employee
24 686
-
63 396
-
income
5 156
-
18 349
-
other
24
-
48
-
pensions
1 160
-
2 227
-
unemployment
382
-
734
-
total
6 722
-
21 358
-
Employer
24 686
-
63 396
-
other
198
-
379
-
unemployment
1 358
-
2 605
-
accident
489
-
938
-
pensions
5 826
-
11 181
-
total
7 871
-
15 103
-
Corporate
45 944
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.

6 892
11 775
-
-
total
6 892
11 775
-
-
Dividends
39 052
66 725
-
-
withholding
8 085
14 261
-
-
total
8 085
14 261
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 570
26 036
36 461
34 317
After tax
48 930
52 464
42 039
44 183
Living cost
17 964
17 964
17 964
17 964
Free-cash
30 966
34 500
24 075
26 219

Estimated living cost  is ₴17964 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3413
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56246
₴58402
₴53284
₴55315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
health
-
-
-
2 035
income
-
-
-
11 775
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
16 500
Employee
11 542
-
75 028
-
income
1 154
-
7 503
-
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.

1 013
-
1 554
-
health
531
-
814
-
total
2 825
-
10 066
-
Employer
11 542
-
75 028
-
unemployment
69
-
106
-
health
796
-
1 221
-
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
-
1 950
-
total
2 264
-
3 472
-
Corporate
64 694
78 500
-
-
income
6 469
7 850
-
-
total
6 469
7 850
-
-
Dividends
58 225
70 650
-
-
withholding
2 911
3 532
-
-
total
2 911
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 469
11 382
13 538
16 500
After tax
64 031
67 118
64 962
62 000
Living cost
8 716
8 716
8 716
8 716
Free-cash
55 315
58 402
56 246
53 284

Estimated living cost  is ₴8716 per week

₴5765
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.
₴2245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31024
₴20685
₴23169
₴27373
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
health

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

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

-
-
-
3 492
income

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

-
-
-
22 986
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.

-
-
-
1 264
trade
-
-
-
7 855
total
-
-
-
35 597
Employee

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

25 432
-
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.

115
-
1 264
-
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.

2 091
-
22 986
-
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.

3 492
-
3 492
-
total
5 698
-
27 742
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 068
78 500
-
-
chamber of commerce
155
193
-
-
surtax

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

437
648
-
-
trade
7 615
11 264
-
-
income
7 960
11 775
-
-
total
16 167
23 880
-
-
Dividends
36 900
54 620
-
-
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.

497
740
-
-
withholding
9 031
13 461
-
-
total
9 528
14 201
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 393
38 081
27 742
35 597
After tax
47 107
40 419
50 758
42 903
Living cost
19 734
19 734
19 734
19 734
Free-cash
27 373
20 685
31 024
23 169

Estimated living cost  is ₴19734 per week

₴13613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
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.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13602
₴25833
₴13602
₴26961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 952
social contributions
-
-
-
12 829
total
-
-
-
35 781
Employee
39 983
-
78 500
-
income
7 545
-
22 952
-
social contributions
3 322
-
12 829
-
total
10 867
-
35 781
-
Employer
39 983
-
78 500
-
total
-
-
-
-
Corporate
38 517
78 500
-
-
income
4 815
9 812
-
-
total
4 815
9 812
-
-
Dividends
33 702
68 688
-
-
withholding
6 740
13 738
-
-
total
6 740
13 738
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 422
23 550
35 781
35 781
After tax
56 078
54 950
42 719
42 719
Living cost
29 117
29 117
29 117
29 117
Free-cash
26 961
25 833
13 602
13 602

Estimated living cost  is ₴29117 per week

₴22152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2373
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.
₴4315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37965
₴29770
₴42234
₴31557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
78 500
income
-
-
-
14 550
health

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

-
-
-
3 161
total
-
-
-
17 711
Employee
23 448
-
76 149
-
income
2 544
-
17 278
-
social contributions
2 349
-
2 351
-
total
4 893
-
19 629
-
Employer
23 448
-
76 149
-
social contributions
2 349
-
2 351
-
total
2 349
-
2 351
-
Corporate
52 703
78 500
-
-
income
18 446
27 475
-
-
total
18 446
27 475
-
-
Dividends
34 256
51 025
-
-
social contributions
2 700
2 700
-
-
total
2 700
2 700
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 388
30 175
21 980
17 711
After tax
50 112
48 325
56 520
60 789
Living cost
18 555
18 555
18 555
18 555
Free-cash
31 557
29 770
37 965
42 234

Estimated living cost  is ₴18555 per week

₴12222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26916
₴33752
₴34079
₴36744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 322
pensions
-
-
-
4 336
total
-
-
-
25 658
Employee
25 755
-
68 671
-
income
4 690
-
16 547
-
health
336
-
1 036
-
pensions
1 966
-
5 409
-
total
6 992
-
22 992
-
Employer
25 755
-
68 671
-
health
489
-
1 305
-
pensions
2 602
-
8 524
-
total
3 091
-
9 829
-
Corporate
49 653
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.

9 434
14 915
-
-
total
9 434
14 915
-
-
Dividends
40 219
63 585
-
-
withholding
3 476
11 070
-
-
total
3 476
11 070
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 993
25 985
32 821
25 658
After tax
55 507
52 515
45 679
52 842
Living cost
18 763
18 763
18 763
18 763
Free-cash
36 744
33 752
26 916
34 079

Estimated living cost  is ₴18763 per week

₴12872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29954
-₴5901
₴41448
₴4479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
21 209
pensions
-
-
-
2 141
total
-
-
-
24 793
Employee
19 284
-
69 948
-
income
2 646
-
15 800
-
pensions
2 171
-
3 926
-
health
2 208
-
8 009
-
total
7 025
-
27 735
-
Employer
19 284
-
69 948
-
unemployment
472
-
1 714
-
accident
322
-
1 168
-
pensions
3 136
-
5 670
-
total
3 930
-
8 552
-
Corporate
55 286
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.

49 757
70 650
-
-
total
49 757
70 650
-
-
Dividends
5 529
7 850
-
-
withholding
1 050
1 492
-
-
total
1 050
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
61 762
72 142
36 287
24 793
After tax
16 738
6 358
42 213
53 707
Living cost
12 259
12 259
12 259
12 259
Free-cash
4 479
-5 901
29 954
41 448

Estimated living cost  is ₴12259 per week

₴8997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47597
₴59157
₴37242
₴56766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
78 500
income
-
-
-
12 769
health insurance
-
-
-
5 809
work injury
-
-
-
393
pensions
-
-
-
14 444
unemployment
-
-
-
942
total
-
-
-
34 357
Employee

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

11 041
-
78 500
-
income
1 104
-
12 769
-
work injury
55
-
204
-
health insurance
817
-
3 023
-
pensions
2 032
-
7 516
-
unemployment
132
-
490
-
total
4 140
-
24 002
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 459
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%.

675
785
-
-
total
675
785
-
-
Dividends
66 785
77 715
-
-
withholding
10 018
11 657
-
-
total
10 018
11 657
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 833
12 442
24 002
34 357
After tax
63 667
66 058
54 498
44 143
Living cost
6 900
6 900
6 900
6 900
Free-cash
56 766
59 157
47 597
37 242

Estimated living cost  is ₴6900 per week

₴4275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13422
₴20985
₴16900
₴18660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
20 190
national
-
-
-
18 737
regional
-
-
-
1 785
municipal
-
-
-
525
total
-
-
-
41 237
Employee
43 072
-
78 500
-
social contributions
14 524
-
26 470
-
municipal
257
-
469
-
national
7 279
-
16 202
-
regional
650
-
1 574
-
total
22 710
-
44 715
-
Employer
43 072
-
78 500
-
total
-
-
-
-
Corporate
35 428
78 500
-
-
nationa
8 503
18 840
-
-
municipal
1 707
3 784
-
-
total
10 210
22 624
-
-
Dividends
25 218
55 876
-
-
withholding
6 557
14 528
-
-
total
6 557
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 477
37 152
44 715
41 237
After tax
39 023
41 348
33 785
37 263
Living cost
20 363
20 363
20 363
20 363
Free-cash
18 660
20 985
13 422
16 900

Estimated living cost  is ₴20363 per week

₴14303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4350
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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