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
₴24488
₴35474
₴26765
₴30009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
income

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

-
-
-
23 219
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.

-
-
-
1 277
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.

-
-
-
3 410
trade
-
-
-
8 709
total
-
-
-
36 615
Employee

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

19 093
-
78 500
-
surtax

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

29
-
1 277
-
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.

533
-
23 219
-
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.

3 410
-
3 410
-
total
3 972
-
27 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 407
78 500
-
-
income
8 911
11 775
-
-
surtax

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

490
648
-
-
chamber of commerce
161
189
-
-
trade
9 357
12 363
-
-
total
18 919
24 975
-
-
Dividends
40 488
53 525
-
-
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.

547
726
-
-
withholding
9 933
13 191
-
-
total
10 480
13 917
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 371
38 892
27 906
36 615
After tax
45 129
39 608
50 594
41 885
Living cost
15 120
15 120
15 120
15 120
Free-cash
30 009
24 488
35 474
26 765

Estimated living cost  is ₴15120 per week

₴9511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22472
₴20660
₴20045
₴22031
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
social contributions
-
-
-
844
municipal
-
-
-
8 503
national
-
-
-
13 176
pensions
-
-
-
9 420
total
-
-
-
31 943
Employee
41 099
-
67 863
-
municipal
5 076
-
8 807
-
pensions
1 644
-
2 715
-
national
7 866
-
13 647
-
total
14 586
-
25 169
-
Employer
41 099
-
67 863
-
pensions
3 288
-
5 429
-
social contributions
442
-
730
-
total
3 730
-
6 159
-
Corporate
30 959
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%.

6 192
15 700
-
-
total
6 192
15 700
-
-
Dividends
24 767
62 800
-
-
withholding
5 449
13 816
-
-
total
5 449
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 957
29 516
31 328
31 943
After tax
48 543
48 984
47 172
46 557
Living cost
26 512
26 512
26 512
26 512
Free-cash
22 031
22 472
20 660
20 045

Estimated living cost  is ₴26512 per week

₴18020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2464
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52415
₴36990
₴15884
₴48319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
78 500
income
-
-
-
13 087
surtax
-
-
-
20 018
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.

-
-
-
19 126
microenterprise
-
-
-
-
total
-
-
-
52 231
Employee
14 587
-
57 044
-
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.

1 605
-
6 275
-
income
2 597
-
11 108
-
total
4 202
-
17 383
-
Employer
14 587
-
57 044
-
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.

3 514
-
13 742
-
surtax
-
-
-
-
total
3 514
-
13 742
-
Corporate
60 400
78 500
-
-
income

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

12 080
15 700
-
-
total
12 080
15 700
-
-
Dividends

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

48 319
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
19 796
15 700
31 125
52 231
After tax
58 704
62 800
47 375
26 269
Living cost
10 385
10 385
10 385
10 385
Free-cash
48 319
52 415
36 990
15 884

Estimated living cost  is ₴10385 per week

₴6626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴989
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.
₴2535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17812
₴27109
₴23083
₴14754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 500
health
-
-
-
6 156
pensions
-
-
-
5 849
total
-
-
-
34 505
Employee
42 629
42 629
69 223
-
pensions
7 673
5 849
5 849
-
income

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

6 978
6 978
9 197
-
health
6 543
5 566
6 156
-
total
21 194
18 393
21 202
-
Employer
42 629
42 629
69 223
-
health
2 963
2 963
3 682
-
pensions
2 967
2 967
3 688
-
unemployment
1 535
1 535
1 907
-
total
7 465
7 465
9 277
-
Corporate
28 929
28 406
-
-
income
5 785
5 681
-
-
total
5 785
5 681
-
-
Dividends
23 143
22 725
-
-
income
4 918
4 829
-
-
withholding
3 472
3 408
-
-
total
8 390
8 237
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 834
39 776
30 479
34 505
After tax
35 666
38 724
48 021
43 995
Living cost
20 912
20 912
20 912
20 912
Free-cash
14 754
17 812
27 109
23 083

Estimated living cost  is ₴20912 per week

₴14820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22852
₴20420
₴20907
₴22403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
88
other
-
-
-
5 096
unemployment
-
-
-
44
health
-
-
-
2 736
municipal
-
-
-
19 620
national
-
-
-
5 260
pensions
-
-
-
4 740
total
-
-
-
37 584
Employee
28 510
-
64 722
-
municipal
8 502
-
19 300
-
national
-
-
4 992
-
total
8 502
-
24 292
-
Employer
28 510
-
64 722
-
health
1 753
-
2 697
-
pensions
3 082
-
4 740
-
accident
57
-
88
-
unemployment
753
-
1 158
-
other
3 313
-
5 096
-
total
8 958
-
13 779
-
Corporate
41 032
78 500
-
-
income
9 027
17 270
-
-
total
9 027
17 270
-
-
Dividends
32 005
61 230
-
-
withholding
9 601
18 369
-
-
total
9 601
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 088
35 639
38 071
37 584
After tax
42 412
42 861
40 429
40 916
Living cost
20 008
20 008
20 008
20 008
Free-cash
22 403
22 852
20 420
20 907

Estimated living cost  is ₴20008 per week

₴13261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19593
₴30983
₴21888
₴26607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
income

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

-
-
-
23 219
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.

-
-
-
1 277
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.

-
-
-
3 410
trade
-
-
-
9 095
total
-
-
-
37 001
Employee

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

25 315
-
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.

119
-
1 277
-
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.

2 175
-
23 219
-
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.

3 410
-
3 410
-
total
5 704
-
27 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 185
78 500
-
-
income
7 977
11 775
-
-
surtax

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

439
648
-
-
chamber of commerce
152
188
-
-
trade
8 749
12 913
-
-
total
17 317
25 524
-
-
Dividends
35 869
52 976
-
-
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.

483
718
-
-
withholding
8 778
13 054
-
-
total
9 261
13 772
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 282
39 296
27 906
37 001
After tax
46 218
39 204
50 594
41 499
Living cost
19 611
19 611
19 611
19 611
Free-cash
26 607
19 593
30 983
21 888

Estimated living cost  is ₴19611 per week

₴13116
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.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41107
₴37220
₴37936
₴39037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
14 294
social contributions
-
-
-
8 077
health
-
-
-
2 002
total
-
-
-
24 373
Employee
38 386
38 386
72 855
-
social contributions
1 865
3 186
4 297
-
income
4 031
3 553
13 909
-
health
382
653
1 238
-
total
6 278
7 392
19 444
-
Employer
38 386
38 386
72 855
-
health
416
710
1 348
-
social contributions
1 865
3 186
4 297
-
total
2 281
3 896
5 645
-
Corporate
53 749
36 218
-
-
income
6 718
4 527
-
-
total
6 718
4 527
-
-
Dividends
47 031
31 691
-
-
withholding
7 995
5 387
-
-
total
7 995
5 387
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 272
21 202
25 089
24 373
After tax
55 228
57 298
53 411
54 127
Living cost
16 191
16 191
16 191
16 191
Free-cash
39 037
41 107
37 220
37 936

Estimated living cost  is ₴16191 per week

₴11069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35187
₴36581
₴45454
₴35375
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
9 597
unemployment
-
-
-
1 178
health
-
-
-
5 495
pensions
-
-
-
7 850
total
-
-
-
24 120
Employee

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

The minimum wage is 138,000 HUF per month.

12 884
5 128
65 690
-
unemployment
193
77
985
-
pensions
1 288
513
6 569
-
income
1 575
627
8 031
-
health
902
359
4 598
-
total
3 958
1 576
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.

12 884
5 128
65 690
-
pensions
2 512
1 000
12 810
-
total
2 512
1 000
12 810
-
Corporate
63 103
72 372
-
-
income
5 679
6 514
-
-
total
5 679
6 514
-
-
Dividends
57 424
65 859
-
-
social contributions
11 139
12 784
-
-
withholding
10 911
12 513
-
-
total
22 050
25 297
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 199
34 387
32 993
24 120
After tax
44 301
44 113
45 507
54 380
Living cost
8 926
8 926
8 926
8 926
Free-cash
35 375
35 187
36 581
45 454

Estimated living cost  is ₴8926 per week

₴6091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50743
₴33188
₴30019
₴47642
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
10 519
health
-
-
-
10 205
pensions
-
-
-
15 700
total
-
-
-
36 424
Employee
14 161
-
58 671
-
unemployment
226
-
939
-
pensions
283
-
1 174
-
income
1 594
-
11 312
-
total
2 103
-
13 425
-
Employer
14 161
-
58 671
-
health
1 841
-
7 627
-
pensions
2 832
-
11 734
-
unemployment
114
-
469
-
total
4 787
-
19 830
-
Corporate
59 552
78 500
-
-
income
11 911
15 700
-
-
total
11 911
15 700
-
-
Dividends
47 641
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 801
15 700
33 255
36 424
After tax
59 699
62 800
45 245
42 076
Living cost
12 057
12 057
12 057
12 057
Free-cash
47 642
50 743
33 188
30 019

Estimated living cost  is ₴12057 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4734
₴31185
₴42608
₴4658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
127
income
-
-
-
21 288
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
24 800
Employee
17 449
-
70 059
-
pensions
1 965
-
3 847
-
income
2 394
-
15 913
-
health
1 998
-
8 022
-
total
6 357
-
27 782
-
Employer
17 449
-
70 059
-
pensions
2 837
-
5 555
-
accident
291
-
1 170
-
unemployment
427
-
1 716
-
total
3 555
-
8 441
-
Corporate
57 495
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.

51 746
70 650
-
-
total
51 746
70 650
-
-
Dividends
5 749
7 850
-
-
withholding
1 092
1 492
-
-
total
1 092
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 750
72 142
36 223
24 800
After tax
15 750
6 358
42 277
53 700
Living cost
11 092
11 092
11 092
11 092
Free-cash
4 658
-4 734
31 185
42 608

Estimated living cost  is ₴11092 per week

₴8130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70559
₴58784
₴73699
₴69806
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 019
-
78 500
-
income
1 004
-
15 700
-
total
1 004
-
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%.

73 481
78 500
-
-
total
-
-
-
-
Dividends
73 481
78 500
-
-
withholding
3 674
3 925
-
-
total
3 674
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
4 678
3 925
15 700
785
After tax
73 822
74 575
62 800
77 715
Living cost
4 016
4 016
4 016
4 016
Free-cash
69 806
70 559
58 784
73 699

Estimated living cost  is ₴4016 per week

₴2489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44372
₴31415
₴28812
₴41001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 221
other
-
-
-
3 606
health
-
-
-
3 340
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.

-
-
-
18 219
total
-
-
-
36 386
Employee
18 125
-
62 700
-
unemployment
181
-
627
-
pensions

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

1 268
-
4 389
-
income
3 120
-
12 089
-
health
254
-
878
-
total
4 823
-
17 983
-
Employer
18 125
-
62 700
-
health
254
-
878
-
pensions

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

3 082
-
10 659
-
accident
145
-
501
-
unemployment
181
-
627
-
other
907
-
3 135
-
total
4 569
-
15 800
-
Corporate
55 807
78 500
-
-
income
11 719
16 485
-
-
total
11 719
16 485
-
-
Dividends
44 087
62 015
-
-
withholding
3 086
4 341
-
-
total
3 086
4 341
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 197
20 826
33 783
36 386
After tax
54 303
57 674
44 717
42 114
Living cost
13 302
13 302
13 302
13 302
Free-cash
41 001
44 372
31 415
28 812

Estimated living cost  is ₴13302 per week

₴9398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴898
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19084
₴12297
₴19454
₴18687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 459
pensions
-
-
-
4 295
total
-
-
-
25 754
Employee
47 104
-
68 659
-
pensions
4 544
-
5 350
-
income
8 491
-
16 689
-
health
776
-
1 031
-
total
13 811
-
23 070
-
Employer
47 104
-
68 659
-
health
895
-
1 305
-
pensions
5 562
-
8 536
-
total
6 457
-
9 841
-
Corporate
24 940
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.

4 738
14 915
-
-
total
4 738
14 915
-
-
Dividends
20 202
63 585
-
-
withholding
1 515
11 209
-
-
total
1 515
11 209
-
-
Income
78 500
78 500
78 500
78 500
Total tax
26 521
26 124
32 911
25 754
After tax
51 979
52 376
45 589
52 746
Living cost
33 292
33 292
33 292
33 292
Free-cash
18 687
19 084
12 297
19 454

Estimated living cost  is ₴33292 per week

₴24947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60574
₴58502
₴55526
₴58256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 775
unemployment
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
16 430
Employee
8 665
-
75 079
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
pensions

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

761
-
1 531
-
income
866
-
7 508
-
health
399
-
802
-
total
2 121
-
10 033
-
Employer
8 665
-
75 079
-
health
598
-
1 203
-
pensions

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

955
-
1 921
-
accident

We are using the highest rate at 1.1%.

95
-
192
-
unemployment
52
-
105
-
total
1 700
-
3 421
-
Corporate
68 134
78 500
-
-
income
6 813
7 850
-
-
total
6 813
7 850
-
-
Dividends
61 321
70 650
-
-
withholding
3 066
3 532
-
-
total
3 066
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 700
11 382
13 454
16 430
After tax
64 800
67 118
65 046
62 070
Living cost
6 544
6 544
6 544
6 544
Free-cash
58 256
60 574
58 502
55 526

Estimated living cost  is ₴6544 per week

₴3821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴467
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11043
₴20340
₴16314
₴12299
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 500
health
-
-
-
6 156
pensions
-
-
-
5 849
total
-
-
-
34 505
Employee
46 282
42 629
69 223
-
pensions
5 849
5 849
5 849
-
income

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

6 978
6 978
9 197
-
health
5 774
5 566
6 156
-
total
18 601
18 393
21 202
-
Employer
46 282
42 629
69 223
-
health
3 216
2 963
3 682
-
pensions
3 221
2 967
3 688
-
unemployment
1 666
1 535
1 907
-
total
8 103
7 465
9 277
-
Corporate
24 115
28 406
-
-
income
4 823
5 681
-
-
total
4 823
5 681
-
-
Dividends
19 292
22 725
-
-
income
4 099
4 829
-
-
withholding
2 894
3 408
-
-
total
6 993
8 237
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 520
39 776
30 479
34 505
After tax
39 980
38 724
48 021
43 995
Living cost
27 681
27 681
27 681
27 681
Free-cash
12 299
11 043
20 340
16 314

Estimated living cost  is ₴27681 per week

₴20420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41814
₴27602
₴30522
₴37450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
7 545
social contributions
-
-
-
17 603
solidarity contribution
-
-
-
-
health
-
-
-
10 597
total
-
-
-
35 745
Employee
17 990
-
58 582
-
solidarity contribution
-
-
-
-
social contributions
1 169
-
3 808
-
income
2 159
-
7 030
-
health
2 429
-
7 909
-
total
5 757
-
18 747
-
Employer
17 990
-
58 582
-
health
1 619
-
5 272
-
social contributions
4 497
-
14 646
-
total
6 116
-
19 918
-
Corporate
54 394
78 500
-
-
income
10 335
14 915
-
-
total
10 335
14 915
-
-
Dividends
44 059
63 585
-
-
withholding
6 609
9 538
-
-
total
6 609
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 817
24 453
38 665
35 745
After tax
49 683
54 047
39 835
42 755
Living cost
12 233
12 233
12 233
12 233
Free-cash
37 450
41 814
27 602
30 522

Estimated living cost  is ₴12233 per week

₴8497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴870
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.
₴2625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20818
₴13457
₴17007
₴18212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
916
municipal
-
-
-
466
national
-
-
-
18 857
total
-
-
-
40 429
Employee
44 366
-
78 500
-
municipal
235
-
416
-
national
7 688
-
16 285
-
regional
419
-
808
-
social contributions
14 960
-
26 470
-
total
23 302
-
43 979
-
Employer
44 366
-
78 500
-
total
-
-
-
-
Corporate
34 134
78 500
-
-
municipal
1 331
3 062
-
-
nationa
8 192
18 840
-
-
total
9 523
21 902
-
-
Dividends
24 611
56 598
-
-
withholding
6 399
14 716
-
-
total
6 399
14 716
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 224
36 618
43 979
40 429
After tax
39 276
41 882
34 521
38 071
Living cost
21 064
21 064
21 064
21 064
Free-cash
18 212
20 818
13 457
17 007

Estimated living cost  is ₴21064 per week

₴14683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴323
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4676
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38361
₴23399
₴26237
₴36806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
20 139
other
-
-
-
-
surtax
-
-
-
2 939
unemployment
-
-
-
114
health
-
-
-
4 730
pensions
-
-
-
13 325
total
-
-
-
41 247
Employee
16 508
-
64 849
-
other
-
-
-
-
unemployment
1 149
-
4 513
-
pensions
1 101
-
4 325
-
surtax
54
-
2 491
-
income
2 767
-
17 451
-
health
422
-
1 654
-
total
5 493
-
30 434
-
Employer
16 508
-
64 849
-
health
751
-
2 951
-
pensions
2 201
-
8 644
-
unemployment
523
-
2 056
-
other
-
-
-
-
total
3 475
-
13 651
-
Corporate
58 517
78 500
-
-
income
15 214
20 410
-
-
total
15 214
20 410
-
-
Dividends
43 303
58 090
-
-
withholding
6 496
8 713
-
-
total
6 496
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 678
29 123
44 085
41 247
After tax
47 822
49 377
34 415
37 253
Living cost
11 016
11 016
11 016
11 016
Free-cash
36 806
38 361
23 399
26 237

Estimated living cost  is ₴11016 per week

₴6735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1016
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29631
₴22844
₴30001
₴32155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 459
pensions
-
-
-
4 295
total
-
-
-
25 754
Employee
31 568
-
68 659
-
pensions
2 679
-
5 350
-
income
5 685
-
16 689
-
health
458
-
1 031
-
total
8 822
-
23 070
-
Employer
31 568
-
68 659
-
health
600
-
1 305
-
pensions
3 417
-
8 536
-
total
4 017
-
9 841
-
Corporate
42 915
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.

8 154
14 915
-
-
total
8 154
14 915
-
-
Dividends
34 761
63 585
-
-
withholding
2 607
11 209
-
-
total
2 607
11 209
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 600
26 124
32 911
25 754
After tax
54 900
52 376
45 589
52 746
Living cost
22 745
22 745
22 745
22 745
Free-cash
32 155
29 631
22 844
30 001

Estimated living cost  is ₴22745 per week

₴17040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3583
₴20861
₴24671
₴13309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
other

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

-
-
-
1 570
regional
-
-
-
3 561
health
-
-
-
176
city
-
-
-
827
national
-
-
-
993
pensions
-
-
-
7 223
total
-
-
-
14 350
Employee
46 201
-
70 262
-
unemployment
-
-
-
-
pensions
3 882
-
5 901
-
national
219
-
811
-
regional
1 513
-
3 072
-
city
496
-
754
-
health
104
-
158
-
total
6 214
-
10 696
-
Employer
46 201
-
70 262
-
health
104
-
158
-
pensions
3 882
-
5 901
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

924
-
1 405
-
total
4 910
-
7 464
-
Corporate
26 881
78 500
-
-
regional
5 685
16 603
-
-
national
2 284
6 673
-
-
total
7 969
23 276
-
-
Dividends
18 911
55 224
-
-
withholding
6 619
19 328
-
-
total
6 619
19 328
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 712
42 604
18 160
14 350
After tax
52 788
35 896
60 340
64 150
Living cost
39 479
39 479
39 479
39 479
Free-cash
13 309
-3 583
20 861
24 671

Estimated living cost  is ₴39479 per week

₴25673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15932
₴27726
₴18243
₴24028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
income

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

-
-
-
23 219
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.

-
-
-
1 277
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.

-
-
-
3 410
trade
-
-
-
9 483
total
-
-
-
37 389
Employee

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

30 001
-
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.

194
-
1 277
-
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.

3 528
-
23 219
-
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.

3 410
-
3 410
-
total
7 132
-
27 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 499
78 500
-
-
income
7 274
11 775
-
-
surtax

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

400
648
-
-
chamber of commerce
144
187
-
-
trade
8 317
13 462
-
-
total
16 135
26 072
-
-
Dividends
32 363
52 428
-
-
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.

435
710
-
-
withholding
7 902
12 918
-
-
total
8 337
13 628
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 604
39 700
27 906
37 389
After tax
46 896
38 800
50 594
41 111
Living cost
22 868
22 868
22 868
22 868
Free-cash
24 028
15 932
27 726
18 243

Estimated living cost  is ₴22868 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴22485
₴27111
₴27310
₴25434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 519
other
-
-
-
2 434
surtax
-
-
-
-
social contributions
-
-
-
2 237
health
-
-
-
3 025
pensions
-
-
-
14 896
total
-
-
-
34 111
Employee
21 365
-
61 354
-
pensions
2 416
-
4 018
-
surtax
-
-
-
-
social contributions
609
-
1 748
-
income
1 261
-
11 398
-
total
4 286
-
17 164
-
Employer
21 365
-
61 354
-
health
1 496
-
5 382
-
pensions
3 510
-
6 808
-
unemployment
865
-
2 485
-
social contributions
64
-
184
-
other
737
-
2 287
-
total
6 672
-
17 146
-
Corporate
50 463
78 500
-
-
income
14 129
21 980
-
-
surtax
-
-
-
-
total
14 129
21 980
-
-
Dividends
36 334
56 520
-
-
surtax
-
-
-
-
social contributions
6 250
9 721
-
-
withholding
4 650
7 235
-
-
total
10 900
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 987
38 936
34 310
34 111
After tax
42 513
39 564
44 190
44 389
Living cost
17 079
17 079
17 079
17 079
Free-cash
25 434
22 485
27 111
27 310

Estimated living cost  is ₴17079 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
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.
₴4631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24177
₴28803
₴29002
₴26951
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 519
other
-
-
-
2 434
surtax
-
-
-
-
social contributions
-
-
-
2 237
health
-
-
-
3 025
pensions
-
-
-
14 896
total
-
-
-
34 111
Employee
19 071
-
61 354
-
pensions
2 157
-
4 018
-
surtax
-
-
-
-
social contributions
544
-
1 748
-
income
983
-
11 398
-
total
3 684
-
17 164
-
Employer
19 071
-
61 354
-
health
1 335
-
5 382
-
pensions
3 134
-
6 808
-
unemployment
772
-
2 485
-
social contributions
57
-
184
-
other
658
-
2 287
-
total
5 956
-
17 146
-
Corporate
53 473
78 500
-
-
income
14 972
21 980
-
-
surtax
-
-
-
-
total
14 972
21 980
-
-
Dividends
38 501
56 520
-
-
surtax
-
-
-
-
social contributions
6 622
9 721
-
-
withholding
4 928
7 235
-
-
total
11 550
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 162
38 936
34 310
34 111
After tax
42 338
39 564
44 190
44 389
Living cost
15 387
15 387
15 387
15 387
Free-cash
26 951
24 177
28 803
29 002

Estimated living cost  is ₴15387 per week

₴8924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
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.
₴4609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37306
₴38486
₴39828
₴37567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 775
social contributions
-
-
-
10 833
health
-
-
-
5 479
total
-
-
-
28 087
Employee
16 926
-
78 500
-
social contributions
2 336
-
10 833
-
income
2 823
-
13 117
-
health
1 181
-
5 479
-
total
6 340
-
29 429
-
Employer
16 926
-
78 500
-
total
-
-
-
-
Corporate
61 574
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%.

3 079
3 925
-
-
total
3 079
3 925
-
-
Dividends
58 495
74 575
-
-
social contributions
8 072
10 292
-
-
withholding
8 774
11 186
-
-
health
4 083
5 206
-
-
total
20 929
26 684
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 348
30 609
29 429
28 087
After tax
48 152
47 891
49 071
50 413
Living cost
10 585
10 585
10 585
10 585
Free-cash
37 567
37 306
38 486
39 828

Estimated living cost  is ₴10585 per week

₴7084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25933
₴2985
₴22673
₴25163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
19 512
surtax
-
-
-
99
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
314
health
-
-
-
4 461
pensions
-
-
-
10 789
total
-
-
-
38 237
Employee
24 948
19 894
61 393
-
other
249
199
584
-
unemployment
748
597
1 750
-
pensions
2 555
2 037
5 972
-
income
2 840
1 467
15 381
-
health
965
770
2 257
-
total
7 357
5 070
25 944
-
Employer
24 948
19 894
61 393
-
chamber of commerce
99
80
245
-
health
943
752
2 204
-
pensions
3 131
2 497
7 319
-
accident
324
259
758
-
unemployment
748
597
1 750
-
surtax
99
99
99
-
payroll
748
597
1 842
-
other
1 185
944
2 889
-
total
7 277
5 825
17 106
-
Corporate
46 275
52 782
59 500
-
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.

11 569
13 195
14 875
-
total
11 569
13 195
14 875
-
Dividends
34 706
39 587
-
-
withholding
9 544
10 887
-
-
total
9 544
10 887
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 747
34 977
57 925
38 237
After tax
42 753
43 523
20 575
40 263
Living cost
17 590
17 590
17 590
17 590
Free-cash
25 163
25 933
2 985
22 673

Estimated living cost  is ₴17590 per week

₴11732
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1501
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.
₴4069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25721
₴9963
₴15875
₴18233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
communal

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

-
-
-
3 977
social contributions
-
-
-
12 211
national
-
-
-
28 236
total
-
-
-
44 424
Employee

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

35 708
-
60 800
-
unemployment

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

311
-
529
-
communal

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

1 862
-
3 172
-
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.

2 678
-
4 560
-
national
10 978
-
21 519
-
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.

1 678
-
2 857
-
total
17 507
-
32 637
-
Employer

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

35 708
-
60 800
-
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.

2 196
-
3 739
-
pensions

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

3 164
-
5 386
-
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.

464
-
791
-
unemployment

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

521
-
888
-
surtax
4 049
-
6 895
-
total
10 394
-
17 699
-
Corporate
32 398
78 500
-
-
income
6 480
15 700
-
-
surtax
130
314
-
-
total
6 610
16 014
-
-
Dividends
25 789
62 486
-
-
withholding

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

7 555
18 564
-
-
total
7 555
18 564
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 066
34 578
50 336
44 424
After tax
36 434
43 922
28 164
34 076
Living cost
18 201
18 201
18 201
18 201
Free-cash
18 233
25 721
9 963
15 875

Estimated living cost  is ₴18201 per week

₴11724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34411
₴24037
₴26131
₴30820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
417
income
-
-
-
20 460
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
34 341
Employee
24 849
-
63 749
-
other
25
-
46
-
unemployment
386
-
717
-
pensions
1 168
-
2 175
-
income
5 243
-
18 746
-
total
6 822
-
21 684
-
Employer
24 849
-
63 749
-
pensions
5 864
-
10 920
-
accident
492
-
916
-
unemployment
1 367
-
2 545
-
other
198
-
370
-
total
7 921
-
14 751
-
Corporate
45 731
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.

6 860
11 775
-
-
total
6 860
11 775
-
-
Dividends
38 871
66 725
-
-
withholding
8 049
14 286
-
-
total
8 049
14 286
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 652
26 061
36 435
34 341
After tax
48 848
52 439
42 065
44 159
Living cost
18 028
18 028
18 028
18 028
Free-cash
30 820
34 411
24 037
26 131

Estimated living cost  is ₴18028 per week

₴13276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1279
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.
₴3213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19347
₴15869
₴12739
₴13427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
communal
-
-
-
4 961
accident
-
-
-
662
income
-
-
-
11 836
surtax
-
-
-
3 892
health
-
-
-
5 515
pensions
-
-
-
11 767
total
-
-
-
38 633
Employee
37 804
-
70 120
-
pensions
3 024
-
5 610
-
surtax
2 317
-
4 297
-
income
3 651
-
14 096
-
health
1 682
-
3 120
-
total
10 674
-
27 123
-
Employer
37 804
-
70 120
-
health
1 153
-
2 139
-
pensions
3 024
-
5 610
-
accident
340
-
631
-
total
4 517
-
8 380
-
Corporate
36 179
78 500
-
-
communal
2 442
5 298
-
-
income
5 427
11 775
-
-
surtax
380
824
-
-
total
8 249
17 897
-
-
Dividends
27 930
60 602
-
-
income
10 316
5 038
-
-
withholding
4 189
9 090
-
-
total
14 505
14 128
-
-
Income
78 500
78 500
78 500
78 500
Total tax
37 945
32 025
35 503
38 633
After tax
40 555
46 475
42 997
39 867
Living cost
27 128
27 128
27 128
27 128
Free-cash
13 427
19 347
15 869
12 739

Estimated living cost  is ₴27128 per week

₴20350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38164
₴23202
₴26040
₴36577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
20 139
other
-
-
-
-
surtax
-
-
-
2 939
unemployment
-
-
-
114
health
-
-
-
4 730
pensions
-
-
-
13 325
total
-
-
-
41 247
Employee
16 811
-
64 849
-
other
-
-
-
-
unemployment
1 170
-
4 513
-
pensions
1 122
-
4 325
-
surtax
60
-
2 491
-
income
2 818
-
17 451
-
health
429
-
1 654
-
total
5 599
-
30 434
-
Employer
16 811
-
64 849
-
health
764
-
2 951
-
pensions
2 241
-
8 644
-
unemployment
533
-
2 056
-
other
-
-
-
-
total
3 538
-
13 651
-
Corporate
58 150
78 500
-
-
income
15 119
20 410
-
-
total
15 119
20 410
-
-
Dividends
43 030
58 090
-
-
withholding
6 454
8 713
-
-
total
6 454
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 710
29 123
44 085
41 247
After tax
47 790
49 377
34 415
37 253
Living cost
11 213
11 213
11 213
11 213
Free-cash
36 577
38 164
23 202
26 040

Estimated living cost  is ₴11213 per week

₴6770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27815
₴20825
₴24356
₴26705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 184
municipal
-
-
-
466
national
-
-
-
18 857
total
-
-
-
40 697
Employee
27 691
-
78 500
-
municipal
147
-
416
-
national
4 387
-
16 285
-
regional
373
-
1 057
-
social contributions
9 338
-
26 470
-
total
14 245
-
44 228
-
Employer
27 691
-
78 500
-
total
-
-
-
-
Corporate
50 809
78 500
-
-
municipal
2 526
3 901
-
-
nationa
12 194
18 840
-
-
total
14 720
22 741
-
-
Dividends
36 089
55 759
-
-
withholding
9 383
14 497
-
-
total
9 383
14 497
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 348
37 238
44 228
40 697
After tax
40 152
41 262
34 272
37 803
Living cost
13 447
13 447
13 447
13 447
Free-cash
26 705
27 815
20 825
24 356

Estimated living cost  is ₴13447 per week

₴8363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38973
₴24761
₴27681
₴33595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
7 545
social contributions
-
-
-
17 603
solidarity contribution
-
-
-
-
health
-
-
-
10 597
total
-
-
-
35 745
Employee
22 168
-
58 582
-
solidarity contribution
-
-
-
-
social contributions
1 441
-
3 808
-
income
2 660
-
7 030
-
health
2 993
-
7 909
-
total
7 094
-
18 747
-
Employer
22 168
-
58 582
-
health
1 995
-
5 272
-
social contributions
5 542
-
14 646
-
total
7 537
-
19 918
-
Corporate
48 795
78 500
-
-
income
9 271
14 915
-
-
total
9 271
14 915
-
-
Dividends
39 524
63 585
-
-
withholding
5 929
9 538
-
-
total
5 929
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 831
24 453
38 665
35 745
After tax
48 669
54 047
39 835
42 755
Living cost
15 074
15 074
15 074
15 074
Free-cash
33 595
38 973
24 761
27 681

Estimated living cost  is ₴15074 per week

₴11210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴835
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27651
₴4679
₴24436
₴27404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
19 512
surtax
-
-
-
-
unemployment
-
-
-
3 062
chamber of commerce
-
-
-
314
health
-
-
-
4 461
pensions
-
-
-
10 789
total
-
-
-
38 138
Employee
21 821
19 894
61 485
-
other
218
199
584
-
unemployment
655
597
1 750
-
pensions
2 235
2 037
5 972
-
income
1 944
1 467
15 420
-
health
844
770
2 257
-
total
5 896
5 070
25 983
-
Employer
21 821
19 894
61 485
-
chamber of commerce
87
80
246
-
health
825
752
2 204
-
pensions
2 739
2 497
7 319
-
accident
283
259
758
-
unemployment
655
597
1 750
-
surtax
-
-
-
-
payroll
655
597
1 844
-
other
1 036
944
2 893
-
total
6 280
5 726
17 014
-
Corporate
50 399
52 881
59 591
-
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.

12 599
13 220
14 898
-
total
12 599
13 220
14 898
-
Dividends
37 799
39 661
-
-
withholding
10 395
10 907
-
-
total
10 395
10 907
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 170
34 923
57 895
38 138
After tax
43 330
43 577
20 605
40 362
Living cost
15 926
15 926
15 926
15 926
Free-cash
27 404
27 651
4 679
24 436

Estimated living cost  is ₴15926 per week

₴9554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1627
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.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68317
₴56542
₴71457
₴67143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
microenterprise

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

-
-
-
785
total
-
-
-
785
Employee
7 822
-
78 500
-
income
1 565
-
15 700
-
total
1 565
-
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%.

70 678
78 500
-
-
total
-
-
-
-
Dividends
70 678
78 500
-
-
withholding
3 534
3 925
-
-
total
3 534
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 099
3 925
15 700
785
After tax
73 401
74 575
62 800
77 715
Living cost
6 258
6 258
6 258
6 258
Free-cash
67 143
68 317
56 542
71 457

Estimated living cost  is ₴6258 per week

₴4235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40657
₴23349
₴25430
₴36482
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
78 500
income
-
-
-
17 503
unemployment
-
-
-
117
health
-
-
-
7 724
pensions
-
-
-
14 336
total
-
-
-
39 680
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.

22 075
-
67 923
-
unemployment
31
-
95
-
pensions
3 422
-
10 529
-
income
3 807
-
16 173
-
health
1 426
-
4 388
-
total
8 686
-
31 185
-
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.

22 075
-
67 923
-
health
1 470
-
4 524
-
pensions
1 953
-
6 011
-
unemployment
13
-
41
-
total
3 436
-
10 576
-
Corporate
52 988
78 500
-
-
income
10 068
14 915
-
-
total
10 068
14 915
-
-
Dividends
42 920
63 585
-
-
withholding
6 438
9 538
-
-
total
6 438
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 628
24 453
41 761
39 680
After tax
49 872
54 047
36 739
38 820
Living cost
13 390
13 390
13 390
13 390
Free-cash
36 482
40 657
23 349
25 430

Estimated living cost  is ₴13390 per week

₴9189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴858
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.
₴3084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26425
₴50662
₴32916
₴2905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
15 301
social contributions
-
-
-
8 949
total
-
-
-
24 250
Employee
30 591
-
-
-
social contributions
2 508
-
357
-
income
6 748
-
-
-
total
9 256
-
357
-
Employer
30 591
-
-
-
social contributions
43 133
-
6 147
-
total
43 133
-
6 147
-
Corporate
4 777
78 500
-
-
income
1 051
17 270
-
-
total
1 051
17 270
-
-
Dividends
3 726
61 230
-
-
income
820
13 471
-
-
total
820
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
54 260
30 741
6 504
24 250
After tax
24 240
47 759
71 996
54 250
Living cost
21 335
21 335
21 335
21 335
Free-cash
2 905
26 425
50 662
32 916

Estimated living cost  is ₴21335 per week

₴13843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28993
₴21036
₴26722
₴28489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
income
-
-
-
8 841
surtax
-
-
-
-
social contributions

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

-
-
-
27 279
total
-
-
-
36 120
Employee
22 959
-
63 434
-
surtax
-
-
-
-
social contributions
2 526
-
6 978
-
income
4 776
-
19 763
-
total
7 302
-
26 741
-
Employer
22 959
-
63 434
-
social contributions
5 453
-
15 065
-
total
5 453
-
15 065
-
Corporate
50 088
78 500
-
-
income
10 518
16 485
-
-
surtax
-
-
-
-
total
10 518
16 485
-
-
Dividends
39 570
62 015
-
-
withholding
11 080
17 364
-
-
total
11 080
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 353
33 849
41 806
36 120
After tax
44 147
44 651
36 694
42 380
Living cost
15 658
15 658
15 658
15 658
Free-cash
28 489
28 993
21 036
26 722

Estimated living cost  is ₴15658 per week

₴11716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15453
₴20079
₴20278
₴18885
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 519
other
-
-
-
2 434
surtax
-
-
-
-
social contributions
-
-
-
2 237
health
-
-
-
3 025
pensions
-
-
-
14 896
total
-
-
-
34 111
Employee
31 266
-
61 354
-
pensions
3 536
-
4 018
-
surtax
-
-
-
-
social contributions
890
-
1 748
-
income
2 728
-
11 398
-
total
7 154
-
17 164
-
Employer
31 266
-
61 354
-
health
2 188
-
5 382
-
pensions
5 137
-
6 808
-
unemployment
1 267
-
2 485
-
social contributions
94
-
184
-
other
1 079
-
2 287
-
total
9 765
-
17 146
-
Corporate
37 469
78 500
-
-
income
10 492
21 980
-
-
surtax
-
-
-
-
total
10 492
21 980
-
-
Dividends
26 978
56 520
-
-
surtax
-
-
-
-
social contributions
4 640
9 721
-
-
withholding
3 453
7 235
-
-
total
8 093
16 956
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 504
38 936
34 310
34 111
After tax
42 996
39 564
44 190
44 389
Living cost
24 111
24 111
24 111
24 111
Free-cash
18 885
15 453
20 079
20 278

Estimated living cost  is ₴24111 per week

₴16318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1972
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.
₴5490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55644
₴45220
₴43132
₴53966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 091
social contributions
-
-
-
17 271
total
-
-
-
20 362
Employee
16 049
-
67 966
-
income
-
-
3 323
-
social contributions
1 043
-
4 417
-
total
1 043
-
7 740
-
Employer
16 049
-
67 966
-
social contributions
2 488
-
10 534
-
total
2 488
-
10 534
-
Corporate
59 964
78 500
-
-
income
5 997
7 850
-
-
total
5 997
7 850
-
-
Dividends
53 967
70 650
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
9 528
7 850
18 274
20 362
After tax
68 972
70 650
60 226
58 138
Living cost
15 006
15 006
15 006
15 006
Free-cash
53 966
55 644
45 220
43 132

Estimated living cost  is ₴15006 per week

₴9702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1131
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30257
-₴30257
₴22802
-₴30257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 072
national
-
-
-
8 908
pensions
-
-
-
433
total
-
-
-
31 658
Employee
101 467
101 467
101 467
-
municipal
21 607
21 607
21 607
-
labour market
8 106
8 106
8 106
-
pensions
144
144
144
-
national
12 396
12 396
12 396
-
total
42 253
42 253
42 253
-
Employer
101 467
101 467
101 467
-
national
12 418
12 418
12 418
-
labour market
8 117
8 117
8 117
-
pensions
288
288
288
-
municipal
21 641
21 641
21 641
-
total
42 464
42 464
42 464
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
84 717
84 717
84 717
31 658
After tax
-6 217
-6 217
-6 217
46 842
Living cost
24 040
24 040
24 040
24 040
Free-cash
-30 257
-30 257
-30 257
22 802

Estimated living cost  is ₴24040 per week

₴16453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴370
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4571
₴31348
₴42771
₴4682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
127
income
-
-
-
21 288
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
24 800
Employee
17 191
-
70 059
-
pensions
1 936
-
3 847
-
income
2 358
-
15 913
-
health
1 969
-
8 022
-
total
6 263
-
27 782
-
Employer
17 191
-
70 059
-
pensions
2 795
-
5 555
-
accident
287
-
1 170
-
unemployment
421
-
1 716
-
total
3 503
-
8 441
-
Corporate
57 805
78 500
-
-
income

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

52 025
70 650
-
-
total
52 025
70 650
-
-
Dividends
5 780
7 850
-
-
withholding
1 098
1 492
-
-
total
1 098
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
62 889
72 142
36 223
24 800
After tax
15 611
6 358
42 277
53 700
Living cost
10 929
10 929
10 929
10 929
Free-cash
4 682
-4 571
31 348
42 771

Estimated living cost  is ₴10929 per week

₴7955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴30609
₴22613
₴32837
₴31637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
health
-
-
-
1 000
municipal
-
-
-
13 950
national
-
-
-
11 547
total
-
-
-
26 497
Employee
26 264
-
66 038
-
municipal
4 302
-
10 761
-
unemployment
394
-
991
-
pensions
1 772
-
4 457
-
national
434
-
7 241
-
health
196
-
809
-
total
7 098
-
24 259
-
Employer
26 264
-
66 038
-
health
202
-
509
-
pensions
4 557
-
11 458
-
accident
27
-
66
-
unemployment
171
-
429
-
total
4 957
-
12 462
-
Corporate
47 281
78 500
-
-
income
9 456
15 700
-
-
total
9 456
15 700
-
-
Dividends

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

28 368
47 100
-
-
municipal
5 106
8 478
-
-
national
1 080
4 547
-
-
total
6 186
13 025
-
-
Income
78 500
78 500
78 500
78 500
Total tax
27 697
28 725
36 721
26 497
After tax
50 803
49 775
41 779
52 003
Living cost
19 166
19 166
19 166
19 166
Free-cash
31 637
30 609
22 613
32 837

Estimated living cost  is ₴19166 per week

₴12519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1843
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.
₴4499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45740
₴41853
₴42569
₴43023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
14 294
social contributions
-
-
-
8 077
health
-
-
-
2 002
total
-
-
-
24 373
Employee
38 386
38 386
72 855
-
social contributions
1 451
3 186
4 297
-
income
4 180
3 553
13 909
-
health
297
653
1 238
-
total
5 928
7 392
19 444
-
Employer
38 386
38 386
72 855
-
health
323
710
1 348
-
social contributions
1 451
3 186
4 297
-
total
1 774
3 896
5 645
-
Corporate
59 240
36 218
-
-
income
7 405
4 527
-
-
total
7 405
4 527
-
-
Dividends
51 834
31 691
-
-
withholding
8 812
5 387
-
-
total
8 812
5 387
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 919
21 202
25 089
24 373
After tax
54 581
57 298
53 411
54 127
Living cost
11 558
11 558
11 558
11 558
Free-cash
43 023
45 740
41 853
42 569

Estimated living cost  is ₴11558 per week

₴6927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57080
₴47656
₴57669
₴54541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
78 500
income
-
-
-
7 909
unemployment
-
-
-
14
health
-
-
-
1 807
pensions
-
-
-
3 175
total
-
-
-
12 905
Employee

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

11 458
-
73 621
-
unemployment
57
-
237
-
pensions
1 718
-
7 105
-
income
783
-
6 671
-
health
974
-
4 026
-
total
3 532
-
18 039
-
Employer

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

11 458
-
73 621
-
health
493
-
2 037
-
pensions
630
-
2 605
-
unemployment
57
-
237
-
total
1 180
-
4 879
-
Corporate
65 862
78 500
-
-
income
5 927
7 065
-
-
total
5 927
7 065
-
-
Dividends
59 935
71 435
-
-
withholding
5 394
6 429
-
-
total
5 394
6 429
-
-
Income
78 500
78 500
78 500
78 500
Total tax
16 033
13 494
22 918
12 905
After tax
62 467
65 006
55 582
65 595
Living cost
7 926
7 926
7 926
7 926
Free-cash
54 541
57 080
47 656
57 669

Estimated living cost  is ₴7926 per week

₴5057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴571
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.
₴2061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38712
₴28338
₴30432
₴36479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
417
income
-
-
-
20 460
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
34 341
Employee
18 458
-
63 749
-
other
18
-
46
-
unemployment
286
-
717
-
pensions
868
-
2 175
-
income
3 559
-
18 746
-
total
4 731
-
21 684
-
Employer
18 458
-
63 749
-
pensions
4 356
-
10 920
-
accident
366
-
916
-
unemployment
1 016
-
2 545
-
other
148
-
370
-
total
5 886
-
14 751
-
Corporate
54 157
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.

8 123
11 775
-
-
total
8 123
11 775
-
-
Dividends
46 034
66 725
-
-
withholding
9 554
14 286
-
-
total
9 554
14 286
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 294
26 061
36 435
34 341
After tax
50 206
52 439
42 065
44 159
Living cost
13 727
13 727
13 727
13 727
Free-cash
36 479
38 712
28 338
30 432

Estimated living cost  is ₴13727 per week

₴9266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1320
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.
₴2902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47976
₴49354
₴49425
₴47810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
26 799
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
28 067
Employee
1 535
-
77 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
26 760
-
health
77
-
184
-
total
527
-
27 312
-
Employer
1 535
-
77 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
73
-
total
346
-
826
-
Corporate
76 620
78 500
-
-
income
16 856
17 270
-
-
total
16 856
17 270
-
-
Dividends
59 764
61 230
-
-
withholding
11 953
12 246
-
-
total
11 953
12 246
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 682
29 516
28 138
28 067
After tax
48 818
48 984
50 362
50 433
Living cost
1 008
1 008
1 008
1 008
Free-cash
47 810
47 976
49 354
49 425

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48082
₴38379
₴38380
₴45625
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
78 500
income
-
-
-
17 540
unemployment
-
-
-
553
health
-
-
-
3 800
pensions
-
-
-
9 593
total
-
-
-
31 486
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.

13 019
-
71 896
-
unemployment
98
-
277
-
pensions
1 823
-
5 165
-
income
1 795
-
17 540
-
health
670
-
1 900
-
total
4 386
-
24 882
-
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.

13 019
-
71 896
-
health
670
-
1 900
-
pensions
1 562
-
4 428
-
unemployment
98
-
277
-
total
2 330
-
6 605
-
Corporate
63 150
78 500
-
-
income
9 473
11 775
-
-
total
9 473
11 775
-
-
Dividends
53 678
66 725
-
-
withholding
8 052
10 009
-
-
total
8 052
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 241
21 784
31 487
31 486
After tax
54 259
56 716
47 013
47 014
Living cost
8 634
8 634
8 634
8 634
Free-cash
45 625
48 082
38 379
38 380

Estimated living cost  is ₴8634 per week

₴5813
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.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31193
₴23236
₴28922
₴31014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
income
-
-
-
8 841
surtax
-
-
-
-
social contributions

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

-
-
-
27 279
total
-
-
-
36 120
Employee
19 375
-
63 434
-
surtax
-
-
-
-
social contributions
2 131
-
6 978
-
income
3 786
-
19 763
-
total
5 917
-
26 741
-
Employer
19 375
-
63 434
-
social contributions
4 601
-
15 065
-
total
4 601
-
15 065
-
Corporate
54 524
78 500
-
-
income
11 450
16 485
-
-
surtax
-
-
-
-
total
11 450
16 485
-
-
Dividends
43 074
62 015
-
-
withholding
12 060
17 364
-
-
total
12 060
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 028
33 849
41 806
36 120
After tax
44 472
44 651
36 694
42 380
Living cost
13 458
13 458
13 458
13 458
Free-cash
31 014
31 193
23 236
28 922

Estimated living cost  is ₴13458 per week

₴9532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34895
₴24521
₴26615
₴31477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
417
income
-
-
-
20 460
other
-
-
-
46
unemployment
-
-
-
324
pensions
-
-
-
13 094
total
-
-
-
34 341
Employee
24 109
-
63 749
-
other
24
-
46
-
unemployment
373
-
717
-
pensions
1 133
-
2 175
-
income
5 035
-
18 746
-
total
6 565
-
21 684
-
Employer
24 109
-
63 749
-
pensions
5 690
-
10 920
-
accident
477
-
916
-
unemployment
1 326
-
2 545
-
other
193
-
370
-
total
7 686
-
14 751
-
Corporate
46 704
78 500
-
-
income

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

7 005
11 775
-
-
total
7 005
11 775
-
-
Dividends
39 699
66 725
-
-
withholding
8 223
14 286
-
-
total
8 223
14 286
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 479
26 061
36 435
34 341
After tax
49 021
52 439
42 065
44 159
Living cost
17 544
17 544
17 544
17 544
Free-cash
31 477
34 895
24 521
26 615

Estimated living cost  is ₴17544 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴3334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58532
₴56460
₴53484
₴55489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
11 775
unemployment
-
-
-
70
health
-
-
-
2 005
pensions

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

-
-
-
2 580
total
-
-
-
16 430
Employee
11 369
-
75 079
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

998
-
1 531
-
income
1 137
-
7 508
-
health
523
-
802
-
total
2 783
-
10 033
-
Employer
11 369
-
75 079
-
health
785
-
1 203
-
pensions

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

1 253
-
1 921
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 231
-
3 421
-
Corporate
64 900
78 500
-
-
income
6 490
7 850
-
-
total
6 490
7 850
-
-
Dividends
58 410
70 650
-
-
withholding
2 921
3 532
-
-
total
2 921
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 425
11 382
13 454
16 430
After tax
64 075
67 118
65 046
62 070
Living cost
8 586
8 586
8 586
8 586
Free-cash
55 489
58 532
56 460
53 484

Estimated living cost  is ₴8586 per week

₴5679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21142
₴31321
₴23387
₴27674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
income

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

-
-
-
23 219
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.

-
-
-
1 277
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.

-
-
-
3 410
trade
-
-
-
7 934
total
-
-
-
35 840
Employee

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

24 838
-
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.

113
-
1 277
-
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.

2 042
-
23 219
-
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.

3 410
-
3 410
-
total
5 565
-
27 906
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 662
78 500
-
-
income
8 049
11 775
-
-
surtax

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

442
648
-
-
chamber of commerce
154
191
-
-
trade
7 701
11 265
-
-
total
16 346
23 879
-
-
Dividends
37 315
54 621
-
-
surtax

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

503
741
-
-
withholding
9 139
13 465
-
-
total
9 642
14 206
-
-
Income
78 500
78 500
78 500
78 500
Total tax
31 553
38 085
27 906
35 840
After tax
46 947
40 415
50 594
42 660
Living cost
19 273
19 273
19 273
19 273
Free-cash
27 674
21 142
31 321
23 387

Estimated living cost  is ₴19273 per week

₴13295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26515
₴14037
₴14037
₴27616
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
23 149
social contributions
-
-
-
12 878
total
-
-
-
36 027
Employee
39 048
-
78 500
-
income
7 368
-
23 149
-
social contributions
3 244
-
12 878
-
total
10 612
-
36 027
-
Employer
39 048
-
78 500
-
total
-
-
-
-
Corporate
39 452
78 500
-
-
income
4 932
9 812
-
-
total
4 932
9 812
-
-
Dividends
34 520
68 688
-
-
withholding
6 904
13 737
-
-
total
6 904
13 737
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 448
23 549
36 027
36 027
After tax
56 052
54 951
42 473
42 473
Living cost
28 436
28 436
28 436
28 436
Free-cash
27 616
26 515
14 037
14 037

Estimated living cost  is ₴28436 per week

₴21634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30267
₴38270
₴43149
₴32012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 210
health

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

-
-
-
3 020
total
-
-
-
17 230
Employee
22 900
-
76 204
-
income
2 485
-
17 517
-
social contributions
2 294
-
2 296
-
total
4 779
-
19 813
-
Employer
22 900
-
76 204
-
social contributions
2 294
-
2 296
-
total
2 294
-
2 296
-
Corporate
53 305
78 500
-
-
income
18 657
27 475
-
-
total
18 657
27 475
-
-
Dividends
34 649
51 025
-
-
social contributions
2 637
2 637
-
-
total
2 637
2 637
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 367
30 112
22 109
17 230
After tax
50 133
48 388
56 391
61 270
Living cost
18 121
18 121
18 121
18 121
Free-cash
32 012
30 267
38 270
43 149

Estimated living cost  is ₴18121 per week

₴11936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
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.
₴4478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33885
₴27098
₴34255
₴36833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 459
pensions
-
-
-
4 295
total
-
-
-
25 754
Employee
25 381
-
68 659
-
pensions
1 937
-
5 350
-
income
4 622
-
16 689
-
health
331
-
1 031
-
total
6 890
-
23 070
-
Employer
25 381
-
68 659
-
health
482
-
1 305
-
pensions
2 564
-
8 536
-
total
3 046
-
9 841
-
Corporate
50 072
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.

9 514
14 915
-
-
total
9 514
14 915
-
-
Dividends
40 559
63 585
-
-
withholding
3 726
11 209
-
-
total
3 726
11 209
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 176
26 124
32 911
25 754
After tax
55 324
52 376
45 589
52 746
Living cost
18 491
18 491
18 491
18 491
Free-cash
36 833
33 885
27 098
34 255

Estimated living cost  is ₴18491 per week

₴12684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5653
₴30266
₴41689
₴4517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
127
income
-
-
-
21 288
other
-
-
-
187
health
-
-
-
1 100
pensions
-
-
-
2 098
total
-
-
-
24 800
Employee
18 893
-
70 059
-
pensions
2 127
-
3 847
-
income
2 592
-
15 913
-
health
2 163
-
8 022
-
total
6 882
-
27 782
-
Employer
18 893
-
70 059
-
pensions
3 072
-
5 555
-
accident
315
-
1 170
-
unemployment
463
-
1 716
-
total
3 850
-
8 441
-
Corporate
55 757
78 500
-
-
income

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

50 181
70 650
-
-
total
50 181
70 650
-
-
Dividends
5 576
7 850
-
-
withholding
1 059
1 492
-
-
total
1 059
1 492
-
-
Income
78 500
78 500
78 500
78 500
Total tax
61 972
72 142
36 223
24 800
After tax
16 528
6 358
42 277
53 700
Living cost
12 011
12 011
12 011
12 011
Free-cash
4 517
-5 653
30 266
41 689

Estimated living cost  is ₴12011 per week

₴8814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
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.
₴2254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴59314
₴47977
₴37368
₴56979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 800
unemployment
-
-
-
942
work injury
-
-
-
393
health insurance
-
-
-
5 809
pensions
-
-
-
14 444
total
-
-
-
34 388
Employee

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

10 790
-
78 500
-
health insurance
798
-
2 954
-
unemployment
129
-
479
-
work injury
54
-
200
-
pensions
1 985
-
7 346
-
income
1 079
-
12 800
-
total
4 045
-
23 779
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
67 710
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%.

677
785
-
-
total
677
785
-
-
Dividends
67 033
77 715
-
-
withholding
10 055
11 657
-
-
total
10 055
11 657
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 777
12 442
23 779
34 388
After tax
63 723
66 058
54 721
44 112
Living cost
6 744
6 744
6 744
6 744
Free-cash
56 979
59 314
47 977
37 368

Estimated living cost  is ₴6744 per week

₴4178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21461
₴13806
₴17253
₴19190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 788
municipal
-
-
-
525
national
-
-
-
18 857
total
-
-
-
41 360
Employee
42 066
-
78 500
-
municipal
251
-
468
-
national
7 109
-
16 285
-
regional
635
-
1 584
-
social contributions
14 184
-
26 470
-
total
22 179
-
44 807
-
Employer
42 066
-
78 500
-
total
-
-
-
-
Corporate
36 434
78 500
-
-
municipal
1 756
3 784
-
-
nationa
8 745
18 840
-
-
total
10 501
22 624
-
-
Dividends
25 933
55 876
-
-
withholding
6 743
14 528
-
-
total
6 743
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 423
37 152
44 807
41 360
After tax
39 077
41 348
33 693
37 140
Living cost
19 887
19 887
19 887
19 887
Free-cash
19 190
21 461
13 806
17 253

Estimated living cost  is ₴19887 per week

₴13969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close

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

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

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

Close