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
₴26690
₴31398
₴27439
₴36685
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
trade
-
-
-
9 246
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.

-
-
-
24 652
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.

-
-
-
2 909
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.

-
-
-
1 356
total
-
-
-
38 163
Employee

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

16 287
-
78 500
-
health

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

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

2 909
-
2 909
-
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.

25
-
1 356
-
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.

455
-
24 652
-
total
3 389
-
28 917
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 213
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.

513
647
-
-
income
9 332
11 775
-
-
trade
9 799
12 363
-
-
chamber of commerce
154
178
-
-
total
19 798
24 963
-
-
Dividends
42 415
53 536
-
-
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.

575
727
-
-
withholding
10 442
13 222
-
-
total
11 017
13 949
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 204
38 912
28 917
38 163
After tax
44 296
39 588
49 583
40 337
Living cost
12 898
12 898
12 898
12 898
Free-cash
31 398
26 690
36 685
27 439

Estimated living cost  is ₴12898 per week

₴8113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1504
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.
₴3040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27529
₴27172
₴24474
₴24896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 628
pensions
-
-
-
9 420
national
-
-
-
13 679
social contributions
-
-
-
844
total
-
-
-
32 571
Employee
33 259
-
67 863
-
municipal
4 108
-
8 931
-
pensions
1 330
-
2 715
-
national
6 366
-
14 344
-
total
11 804
-
25 990
-
Employer
33 259
-
67 863
-
social contributions
358
-
730
-
pensions
2 661
-
5 429
-
total
3 019
-
6 159
-
Corporate
40 027
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%.

8 005
15 700
-
-
total
8 005
15 700
-
-
Dividends
32 022
62 800
-
-
withholding
7 045
13 816
-
-
total
7 045
13 816
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 873
29 516
32 149
32 571
After tax
48 627
48 984
46 351
45 929
Living cost
21 455
21 455
21 455
21 455
Free-cash
27 172
27 529
24 896
24 474

Estimated living cost  is ₴21455 per week

₴14583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴53941
₴50448
₴18530
₴24360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
14 779
surtax
-
-
-
20 017
social contributions

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

-
-
-
16 315
total
-
-
-
51 111
Employee
12 443
-
59 707
-
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.

1 369
-
5 582
-
surtax
-
-
8 658
-
income
2 215
-
12 248
-
total
3 584
-
26 488
-
Employer
12 443
-
59 707
-
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.

2 997
-
12 225
-
surtax
-
-
6 568
-
total
2 997
-
18 793
-
Corporate
63 060
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%.

12 612
15 700
-
-
total
12 612
15 700
-
-
Dividends

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

50 448
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
19 193
15 700
45 281
51 111
After tax
59 307
62 800
33 219
27 389
Living cost
8 859
8 859
8 859
8 859
Free-cash
50 448
53 941
24 360
18 530

Estimated living cost  is ₴8859 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21079
₴18470
₴25257
₴31585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 165
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
35 405
Employee
36 363
36 363
70 587
-
health
5 581
4 747
5 251
-
income

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

5 952
5 952
10 923
-
pensions
6 545
4 989
4 989
-
total
18 078
15 688
21 163
-
Employer
36 363
36 363
70 587
-
unemployment
1 309
1 309
1 627
-
pensions
2 531
2 531
3 146
-
health
2 528
2 528
3 141
-
total
6 368
6 368
7 914
-
Corporate
36 216
35 770
-
-
income
7 243
7 154
-
-
total
7 243
7 154
-
-
Dividends
28 972
28 616
-
-
income
6 157
6 081
-
-
withholding
4 346
4 292
-
-
total
10 503
10 373
-
-
Income
78 500
78 500
78 500
78 500
Total tax
42 192
39 583
29 077
35 405
After tax
36 308
38 917
49 423
43 095
Living cost
17 838
17 838
17 838
17 838
Free-cash
18 470
21 079
31 585
25 257

Estimated living cost  is ₴17838 per week

₴12641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26450
₴26082
₴23525
₴23126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
20 302
accident
-
-
-
72
pensions
-
-
-
3 888
other
-
-
-
4 179
unemployment
-
-
-
36
health
-
-
-
2 244
national
-
-
-
7 843
total
-
-
-
38 564
Employee
23 384
-
67 199
-
municipal
6 973
-
20 039
-
national
-
-
7 623
-
total
6 973
-
27 662
-
Employer
23 384
-
67 199
-
accident
47
-
72
-
other
2 717
-
4 179
-
unemployment
617
-
950
-
pensions
2 528
-
3 888
-
health
1 438
-
2 212
-
total
7 347
-
11 301
-
Corporate
47 769
78 500
-
-
income
10 509
17 270
-
-
total
10 509
17 270
-
-
Dividends
37 260
61 230
-
-
withholding
11 178
18 369
-
-
total
11 178
18 369
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 007
35 639
38 963
38 564
After tax
42 493
42 861
39 537
39 936
Living cost
16 411
16 411
16 411
16 411
Free-cash
26 082
26 450
23 126
23 525

Estimated living cost  is ₴16411 per week

₴10876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22456
₴28439
₴23199
₴32855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
trade
-
-
-
9 656
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.

-
-
-
24 652
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.

-
-
-
2 909
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.

-
-
-
1 356
total
-
-
-
38 573
Employee

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

21 594
-
78 500
-
health

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

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

2 909
-
2 909
-
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.

102
-
1 356
-
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.

1 855
-
24 652
-
total
4 866
-
28 917
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 906
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.

469
647
-
-
income
8 536
11 775
-
-
trade
9 361
12 913
-
-
chamber of commerce
145
176
-
-
total
18 511
25 511
-
-
Dividends
38 394
52 989
-
-
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.

519
720
-
-
withholding
9 437
13 085
-
-
total
9 956
13 805
-
-
Income
78 500
78 500
78 500
78 500
Total tax
33 333
39 316
28 917
38 573
After tax
45 167
39 184
49 583
39 927
Living cost
16 728
16 728
16 728
16 728
Free-cash
28 439
22 456
32 855
23 199

Estimated living cost  is ₴16728 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1764
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.
₴3526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43443
₴41679
₴39668
₴38989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 129
health
-
-
-
2 002
social contributions
-
-
-
6 890
total
-
-
-
25 021
Employee
32 743
32 743
73 475
-
social contributions
1 591
2 718
3 665
-
health
326
557
1 249
-
income
3 438
3 031
15 762
-
total
5 355
6 306
20 676
-
Employer
32 743
32 743
73 475
-
social contributions
1 591
2 718
3 665
-
health
355
606
1 359
-
total
1 946
3 324
5 024
-
Corporate
57 388
42 433
-
-
income
7 173
5 304
-
-
total
7 173
5 304
-
-
Dividends
50 215
37 129
-
-
withholding
8 536
6 312
-
-
total
8 536
6 312
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 010
21 246
25 700
25 021
After tax
55 490
57 254
52 800
53 479
Living cost
13 811
13 811
13 811
13 811
Free-cash
41 679
43 443
38 989
39 668

Estimated living cost  is ₴13811 per week

₴9441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1079
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.
₴3059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36336
₴36498
₴46627
₴37753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 850
unemployment
-
-
-
1 177
health
-
-
-
5 495
total
-
-
-
24 119
Employee

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

The minimum wage is 138,000 HUF per month.

11 192
4 454
65 690
-
health
783
312
4 598
-
income
1 368
545
8 031
-
pensions
1 119
445
6 569
-
unemployment
168
67
985
-
total
3 438
1 369
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.

11 192
4 454
65 690
-
pensions
2 183
869
12 810
-
total
2 183
869
12 810
-
Corporate
65 125
73 177
-
-
income
5 861
6 586
-
-
total
5 861
6 586
-
-
Dividends
59 264
66 591
-
-
social contributions
11 506
12 934
-
-
withholding
11 260
12 652
-
-
total
22 766
25 586
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 248
34 410
32 993
24 119
After tax
44 252
44 090
45 507
54 381
Living cost
7 754
7 754
7 754
7 754
Free-cash
36 498
36 336
37 753
46 627

Estimated living cost  is ₴7754 per week

₴5291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52515
₴49869
₴31791
₴34962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
income
-
-
-
10 519
pensions
-
-
-
15 700
health
-
-
-
10 205
total
-
-
-
36 424
Employee
12 080
-
58 669
-
income
1 360
-
11 311
-
pensions
242
-
1 173
-
unemployment
193
-
939
-
total
1 795
-
13 423
-
Employer
12 080
-
58 669
-
unemployment
97
-
469
-
pensions
2 416
-
11 734
-
health
1 570
-
7 627
-
total
4 083
-
19 830
-
Corporate
62 337
78 500
-
-
income
12 468
15 700
-
-
total
12 468
15 700
-
-
Dividends
49 870
62 800
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
18 346
15 700
33 253
36 424
After tax
60 154
62 800
45 247
42 076
Living cost
10 285
10 285
10 285
10 285
Free-cash
49 869
52 515
34 962
31 791

Estimated living cost  is ₴10285 per week

₴7054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2917
₴4935
₴44372
₴33512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
income
-
-
-
21 916
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
24 852
Employee
14 592
-
70 932
-
health
1 671
-
8 122
-
income
2 002
-
16 805
-
pensions
1 643
-
3 217
-
total
5 316
-
28 144
-
Employer
14 592
-
70 932
-
accident
244
-
1 185
-
unemployment
357
-
1 738
-
pensions
2 373
-
4 645
-
total
2 974
-
7 568
-
Corporate
60 934
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.

54 841
70 650
-
-
total
54 841
70 650
-
-
Dividends
6 093
7 850
-
-
withholding
1 158
1 491
-
-
total
1 158
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
64 289
72 141
35 712
24 852
After tax
14 211
6 359
42 788
53 648
Living cost
9 276
9 276
9 276
9 276
Free-cash
4 935
-2 917
33 512
44 372

Estimated living cost  is ₴9276 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴194
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70688
₴69959
₴73828
₴58913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
microenterprise

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

-
-
-
785
total
-
-
-
785
Employee
4 858
-
78 500
-
income
972
-
15 700
-
total
972
-
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%.

73 642
78 500
-
-
total
-
-
-
-
Dividends
73 642
78 500
-
-
withholding
3 682
3 925
-
-
total
3 682
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
4 654
3 925
15 700
785
After tax
73 846
74 575
62 800
77 715
Living cost
3 887
3 887
3 887
3 887
Free-cash
69 959
70 688
58 913
73 828

Estimated living cost  is ₴3887 per week

₴2409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46328
₴43452
₴33232
₴33059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 457
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.

-
-
-
15 541
other
-
-
-
3 075
health
-
-
-
2 849
total
-
-
-
33 922
Employee
15 461
-
62 699
-
health
217
-
878
-
income
2 662
-
12 400
-
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.

1 082
-
4 389
-
unemployment
154
-
627
-
total
4 115
-
18 294
-
Employer
15 461
-
62 699
-
accident
124
-
502
-
other
773
-
3 135
-
unemployment
154
-
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.

2 629
-
10 659
-
health
217
-
878
-
total
3 897
-
15 801
-
Corporate
59 143
78 500
-
-
income
12 420
16 485
-
-
total
12 420
16 485
-
-
Dividends
46 723
62 015
-
-
withholding
3 270
4 341
-
-
total
3 270
4 341
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 702
20 826
34 095
33 922
After tax
54 798
57 674
44 405
44 578
Living cost
11 346
11 346
11 346
11 346
Free-cash
43 452
46 328
33 059
33 232

Estimated living cost  is ₴11346 per week

₴8017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22345
₴24177
₴23108
₴16017
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 733
pensions
-
-
-
3 922
total
-
-
-
26 655
Employee
40 659
-
68 548
-
health
670
-
983
-
income
7 329
-
18 008
-
pensions
3 923
-
4 804
-
total
11 922
-
23 795
-
Employer
40 659
-
68 548
-
pensions
4 801
-
8 649
-
health
772
-
1 302
-
total
5 573
-
9 951
-
Corporate
32 268
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.

6 131
14 915
-
-
total
6 131
14 915
-
-
Dividends
26 137
63 585
-
-
withholding
1 960
12 503
-
-
total
1 960
12 503
-
-
Income
78 500
78 500
78 500
78 500
Total tax
25 586
27 418
33 746
26 655
After tax
52 914
51 082
44 754
51 845
Living cost
28 737
28 737
28 737
28 737
Free-cash
24 177
22 345
16 017
23 108

Estimated living cost  is ₴28737 per week

₴21534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61531
₴59552
₴57163
₴60279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
15 750
Employee
7 398
-
75 580
-
health
340
-
685
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
income
740
-
7 558
-
pensions

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

650
-
1 307
-
total
1 811
-
9 714
-
Employer
7 398
-
75 580
-
accident

We are using the highest rate at 1.1%.

81
-
164
-
unemployment
44
-
89
-
pensions

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

815
-
1 640
-
health
511
-
1 027
-
total
1 451
-
2 920
-
Corporate
69 651
78 500
-
-
income
6 965
7 850
-
-
total
6 965
7 850
-
-
Dividends
62 686
70 650
-
-
withholding
3 134
3 532
-
-
total
3 134
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 361
11 382
12 634
15 750
After tax
65 139
67 118
65 866
62 750
Living cost
5 587
5 587
5 587
5 587
Free-cash
59 552
61 531
60 279
57 163

Estimated living cost  is ₴5587 per week

₴3262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1778
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15305
₴16378
₴19483
₴25811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 165
pensions
-
-
-
4 989
health
-
-
-
5 251
total
-
-
-
35 405
Employee
39 478
36 363
70 587
-
health
4 925
4 747
5 251
-
income

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

5 952
5 952
10 923
-
pensions
4 989
4 989
4 989
-
total
15 866
15 688
21 163
-
Employer
39 478
36 363
70 587
-
unemployment
1 421
1 309
1 627
-
pensions
2 747
2 531
3 146
-
health
2 743
2 528
3 141
-
total
6 911
6 368
7 914
-
Corporate
32 109
35 770
-
-
income
6 422
7 154
-
-
total
6 422
7 154
-
-
Dividends
25 688
28 616
-
-
income
5 458
6 081
-
-
withholding
3 853
4 292
-
-
total
9 311
10 373
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 510
39 583
29 077
35 405
After tax
39 990
38 917
49 423
43 095
Living cost
23 612
23 612
23 612
23 612
Free-cash
16 378
15 305
25 811
19 483

Estimated living cost  is ₴23612 per week

₴17418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
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.
₴3815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43838
₴40195
₴34818
₴31479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 982
health
-
-
-
10 598
solidarity contribution
-
-
-
203
social contributions
-
-
-
14 690
total
-
-
-
33 473
Employee
15 013
-
60 480
-
social contributions
976
-
3 270
-
health
2 027
-
8 165
-
solidarity contribution
-
-
-
-
income
1 802
-
7 357
-
total
4 805
-
18 792
-
Employer
15 013
-
60 480
-
social contributions
3 753
-
12 577
-
health
1 351
-
5 443
-
total
5 104
-
18 020
-
Corporate
58 383
78 500
-
-
income
11 093
14 915
-
-
total
11 093
14 915
-
-
Dividends
47 290
63 585
-
-
withholding
7 094
9 538
-
-
total
7 094
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 096
24 453
36 812
33 473
After tax
50 404
54 047
41 688
45 027
Living cost
10 209
10 209
10 209
10 209
Free-cash
40 195
43 838
31 479
34 818

Estimated living cost  is ₴10209 per week

₴7091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23914
₴21693
₴19346
₴15799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
466
regional
-
-
-
930
national
-
-
-
19 600
social contributions
-
-
-
20 190
total
-
-
-
41 186
Employee
37 844
-
78 500
-
social contributions
12 761
-
26 471
-
regional
357
-
821
-
municipal
200
-
416
-
national
6 557
-
17 025
-
total
19 875
-
44 733
-
Employer
37 844
-
78 500
-
total
-
-
-
-
Corporate
40 656
78 500
-
-
nationa
9 757
18 840
-
-
municipal
1 585
3 062
-
-
total
11 342
21 902
-
-
Dividends
29 313
56 598
-
-
withholding
7 622
14 716
-
-
total
7 622
14 716
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 839
36 618
44 733
41 186
After tax
39 661
41 882
33 767
37 314
Living cost
17 968
17 968
17 968
17 968
Free-cash
21 693
23 914
15 799
19 346

Estimated living cost  is ₴17968 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴39981
₴38655
₴27705
₴25101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 371
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
3 530
total
-
-
-
41 399
Employee
14 081
-
66 537
-
other
-
-
-
-
health
360
-
1 449
-
surtax
46
-
3 021
-
income
2 360
-
19 824
-
pensions
939
-
3 791
-
unemployment
980
-
3 955
-
total
4 685
-
32 040
-
Employer
14 081
-
66 537
-
other
-
-
-
-
unemployment
446
-
1 801
-
pensions
1 877
-
7 576
-
health
641
-
2 586
-
total
2 964
-
11 963
-
Corporate
61 455
78 500
-
-
income
15 978
20 410
-
-
total
15 978
20 410
-
-
Dividends
45 477
58 090
-
-
withholding
6 822
8 713
-
-
total
6 822
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 449
29 123
44 003
41 399
After tax
48 051
49 377
34 497
37 101
Living cost
9 396
9 396
9 396
9 396
Free-cash
38 655
39 981
25 101
27 705

Estimated living cost  is ₴9396 per week

₴5745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31449
₴34286
₴32212
₴25121
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 733
pensions
-
-
-
3 922
total
-
-
-
26 655
Employee
27 249
-
68 548
-
health
396
-
983
-
income
4 908
-
18 008
-
pensions
2 313
-
4 804
-
total
7 617
-
23 795
-
Employer
27 249
-
68 548
-
pensions
2 950
-
8 649
-
health
518
-
1 302
-
total
3 468
-
9 951
-
Corporate
47 784
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.

9 079
14 915
-
-
total
9 079
14 915
-
-
Dividends
38 705
63 585
-
-
withholding
4 417
12 503
-
-
total
4 417
12 503
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 581
27 418
33 746
26 655
After tax
53 919
51 082
44 754
51 845
Living cost
19 633
19 633
19 633
19 633
Free-cash
34 286
31 449
25 121
32 212

Estimated living cost  is ₴19633 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3446
₴17331
₴30764
₴27223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
828
pensions
-
-
-
7 223
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
-
-
-
4 004
health
-
-
-
177
national
-
-
-
1 484
total
-
-
-
15 286
Employee
37 975
-
70 262
-
city
408
-
755
-
regional
1 243
-
3 455
-
health
86
-
158
-
pensions
3 190
-
5 902
-
unemployment
-
-
-
-
national
180
-
1 092
-
total
5 107
-
11 362
-
Employer
37 975
-
70 262
-
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.

759
-
1 405
-
unemployment
-
-
-
-
pensions
3 190
-
5 902
-
health
86
-
158
-
total
4 035
-
7 465
-
Corporate
36 072
78 500
-
-
regional
7 629
16 603
-
-
national
3 066
6 672
-
-
total
10 695
23 275
-
-
Dividends
25 377
55 225
-
-
withholding
8 882
19 329
-
-
total
8 882
19 329
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 719
42 604
18 827
15 286
After tax
49 781
35 896
59 673
63 214
Living cost
32 450
32 450
32 450
32 450
Free-cash
17 331
3 446
27 223
30 764

Estimated living cost  is ₴32450 per week

₴21102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19273
₴26178
₴20008
₴30076
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
trade
-
-
-
10 068
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.

-
-
-
24 652
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.

-
-
-
2 909
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.

-
-
-
1 356
total
-
-
-
38 985
Employee

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

25 591
-
78 500
-
health

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

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

2 909
-
2 909
-
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.

166
-
1 356
-
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.

3 009
-
24 652
-
total
6 084
-
28 917
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 909
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.

436
647
-
-
income
7 936
11 775
-
-
trade
9 074
13 463
-
-
chamber of commerce
139
175
-
-
total
17 585
26 060
-
-
Dividends
35 324
52 439
-
-
surtax

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

477
712
-
-
withholding
8 669
12 948
-
-
total
9 146
13 660
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 815
39 720
28 917
38 985
After tax
45 685
38 780
49 583
39 515
Living cost
19 507
19 507
19 507
19 507
Free-cash
26 178
19 273
30 076
20 008

Estimated living cost  is ₴19507 per week

₴14247
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1560
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.
₴3446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24994
₴27509
₴29610
₴28167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 556
pensions
-
-
-
13 665
other
-
-
-
2 434
health
-
-
-
3 429
surtax
-
-
-
-
social contributions
-
-
-
2 237
total
-
-
-
34 321
Employee
18 224
-
60 633
-
social contributions
520
-
1 728
-
surtax
-
-
-
-
income
1 076
-
11 901
-
pensions
2 061
-
4 267
-
total
3 657
-
17 896
-
Employer
18 224
-
60 633
-
other
629
-
2 387
-
social contributions
55
-
182
-
unemployment
738
-
2 456
-
pensions
2 994
-
7 173
-
health
1 276
-
5 670
-
total
5 692
-
17 868
-
Corporate
54 585
78 500
-
-
surtax
-
-
-
-
income
15 284
21 980
-
-
total
15 284
21 980
-
-
Dividends
39 301
56 520
-
-
surtax
-
-
-
-
social contributions
6 759
9 722
-
-
withholding
5 030
7 235
-
-
total
11 789
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 422
38 937
35 764
34 321
After tax
42 078
39 563
42 736
44 179
Living cost
14 569
14 569
14 569
14 569
Free-cash
27 509
24 994
28 167
29 610

Estimated living cost  is ₴14569 per week

₴9186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26438
₴28803
₴31054
₴29611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 556
pensions
-
-
-
13 665
other
-
-
-
2 434
health
-
-
-
3 429
surtax
-
-
-
-
social contributions
-
-
-
2 237
total
-
-
-
34 321
Employee
16 268
-
60 633
-
social contributions
464
-
1 728
-
surtax
-
-
-
-
income
839
-
11 901
-
pensions
1 840
-
4 267
-
total
3 143
-
17 896
-
Employer
16 268
-
60 633
-
other
562
-
2 387
-
social contributions
48
-
182
-
unemployment
659
-
2 456
-
pensions
2 673
-
7 173
-
health
1 139
-
5 670
-
total
5 081
-
17 868
-
Corporate
57 152
78 500
-
-
surtax
-
-
-
-
income
16 003
21 980
-
-
total
16 003
21 980
-
-
Dividends
41 149
56 520
-
-
surtax
-
-
-
-
social contributions
7 078
9 722
-
-
withholding
5 267
7 235
-
-
total
12 345
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 572
38 937
35 764
34 321
After tax
41 928
39 563
42 736
44 179
Living cost
13 125
13 125
13 125
13 125
Free-cash
28 803
26 438
29 611
31 054

Estimated living cost  is ₴13125 per week

₴7612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38863
₴39084
₴41384
₴39663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 479
social contributions
-
-
-
10 833
total
-
-
-
28 087
Employee
14 438
-
78 500
-
social contributions
1 993
-
10 833
-
health
1 008
-
5 479
-
income
2 408
-
13 496
-
total
5 409
-
29 808
-
Employer
14 438
-
78 500
-
total
-
-
-
-
Corporate
64 062
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%.

3 203
3 925
-
-
total
3 203
3 925
-
-
Dividends
60 859
74 575
-
-
health
4 248
5 206
-
-
social contributions
8 398
10 291
-
-
withholding
9 129
11 186
-
-
total
21 775
26 683
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 387
30 608
29 808
28 087
After tax
48 113
47 892
48 692
50 413
Living cost
9 029
9 029
9 029
9 029
Free-cash
39 084
38 863
39 663
41 384

Estimated living cost  is ₴9029 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴557
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28396
₴27739
₴25295
₴5760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
chamber of commerce
-
-
-
314
income
-
-
-
22 183
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
84
total
-
-
-
38 201
Employee
21 280
16 969
63 123
-
other
213
170
498
-
health
823
657
1 925
-
income
2 423
1 252
17 975
-
pensions
2 179
1 737
5 094
-
unemployment
638
509
1 492
-
total
6 276
4 325
26 984
-
Employer
21 280
16 969
63 123
-
accident
276
221
646
-
other
1 011
806
2 885
-
chamber of commerce
85
68
252
-
unemployment
638
509
1 492
-
surtax
84
84
84
-
pensions
2 671
2 130
6 243
-
payroll
638
509
1 893
-
health
804
642
1 880
-
total
6 207
4 969
15 375
-
Corporate
51 012
56 563
61 507
-
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.

12 753
14 140
15 377
-
total
12 753
14 140
15 377
-
Dividends
38 259
42 422
-
-
withholding
10 521
11 666
-
-
total
10 521
11 666
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 757
35 100
57 736
38 201
After tax
42 743
43 400
20 764
40 299
Living cost
15 004
15 004
15 004
15 004
Free-cash
27 739
28 396
5 760
25 295

Estimated living cost  is ₴15004 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28370
₴21983
₴18530
₴11918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
national
-
-
-
29 755
communal

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

-
-
-
4 073
social contributions
-
-
-
10 616
total
-
-
-
44 444
Employee

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

30 459
-
60 801
-
communal

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

1 589
-
3 172
-
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.

1 431
-
2 857
-
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.

2 284
-
4 560
-
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.

265
-
529
-
national
9 364
-
22 240
-
total
14 933
-
33 358
-
Employer

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

30 459
-
60 801
-
accident

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

396
-
790
-
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.

444
-
888
-
surtax
3 454
-
6 894
-
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.

2 699
-
5 387
-
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.

1 873
-
3 739
-
total
8 866
-
17 698
-
Corporate
39 175
78 500
-
-
surtax
157
314
-
-
income
7 835
15 700
-
-
total
7 992
16 014
-
-
Dividends
31 183
62 486
-
-
withholding

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

9 200
18 590
-
-
total
9 200
18 590
-
-
Income
78 500
78 500
78 500
78 500
Total tax
40 991
34 604
51 056
44 444
After tax
37 509
43 896
27 444
34 056
Living cost
15 526
15 526
15 526
15 526
Free-cash
21 983
28 370
11 918
18 530

Estimated living cost  is ₴15526 per week

₴10001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
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.
₴3925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36905
₴33989
₴28636
₴26850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
income
-
-
-
22 645
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
34 486
Employee
21 196
-
65 918
-
other
21
-
40
-
income
4 472
-
21 183
-
pensions
996
-
1 855
-
unemployment
329
-
612
-
total
5 818
-
23 690
-
Employer
21 196
-
65 918
-
accident
419
-
781
-
other
169
-
316
-
unemployment
1 166
-
2 170
-
pensions
5 002
-
9 315
-
total
6 756
-
12 582
-
Corporate
50 548
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.

7 582
11 775
-
-
total
7 582
11 775
-
-
Dividends
42 966
66 725
-
-
withholding
8 977
14 442
-
-
total
8 977
14 442
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 133
26 217
36 272
34 486
After tax
49 367
52 283
42 228
44 014
Living cost
15 378
15 378
15 378
15 378
Free-cash
33 989
36 905
26 850
28 636

Estimated living cost  is ₴15378 per week

₴11324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22534
₴16975
₴15279
₴18407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
accident
-
-
-
662
income
-
-
-
13 283
pensions
-
-
-
11 766
health
-
-
-
5 515
surtax
-
-
-
3 892
communal
-
-
-
4 962
total
-
-
-
40 080
Employee
32 247
-
70 120
-
health
1 435
-
3 121
-
surtax
1 977
-
4 297
-
income
3 115
-
15 544
-
pensions
2 579
-
5 610
-
total
9 106
-
28 572
-
Employer
32 247
-
70 120
-
accident
290
-
631
-
pensions
2 579
-
5 610
-
health
983
-
2 139
-
total
3 852
-
8 380
-
Corporate
42 401
78 500
-
-
surtax
445
824
-
-
communal
2 862
5 298
-
-
income
6 360
11 775
-
-
total
9 667
17 897
-
-
Dividends
32 733
60 602
-
-
income
10 849
5 837
-
-
withholding
4 910
9 091
-
-
total
15 759
14 928
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 384
32 825
36 952
40 080
After tax
40 116
45 675
41 548
38 420
Living cost
23 141
23 141
23 141
23 141
Free-cash
16 975
22 534
18 407
15 279

Estimated living cost  is ₴23141 per week

₴17359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Luxembourg model

Close
Athens , Greece
₴39813
₴38457
₴27537
₴24933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 371
pensions
-
-
-
11 366
other
-
-
-
-
unemployment
-
-
-
97
health
-
-
-
4 035
surtax
-
-
-
3 530
total
-
-
-
41 399
Employee
14 340
-
66 537
-
other
-
-
-
-
health
366
-
1 449
-
surtax
51
-
3 021
-
income
2 404
-
19 824
-
pensions
957
-
3 791
-
unemployment
998
-
3 955
-
total
4 776
-
32 040
-
Employer
14 340
-
66 537
-
other
-
-
-
-
unemployment
455
-
1 801
-
pensions
1 912
-
7 576
-
health
652
-
2 586
-
total
3 019
-
11 963
-
Corporate
61 141
78 500
-
-
income
15 897
20 410
-
-
total
15 897
20 410
-
-
Dividends
45 244
58 090
-
-
withholding
6 787
8 713
-
-
total
6 787
8 713
-
-
Income
78 500
78 500
78 500
78 500
Total tax
30 479
29 123
44 003
41 399
After tax
48 021
49 377
34 497
37 101
Living cost
9 564
9 564
9 564
9 564
Free-cash
38 457
39 813
24 933
27 537

Estimated living cost  is ₴9564 per week

₴5774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29791
₴28846
₴25590
₴22060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
466
regional
-
-
-
1 183
national
-
-
-
19 600
social contributions
-
-
-
20 190
total
-
-
-
41 439
Employee
23 621
-
78 500
-
social contributions
7 965
-
26 471
-
regional
318
-
1 057
-
municipal
125
-
416
-
national
3 742
-
17 025
-
total
12 150
-
44 969
-
Employer
23 621
-
78 500
-
total
-
-
-
-
Corporate
54 879
78 500
-
-
nationa
13 171
18 840
-
-
municipal
2 727
3 901
-
-
total
15 898
22 741
-
-
Dividends
38 981
55 759
-
-
withholding
10 135
14 497
-
-
total
10 135
14 497
-
-
Income
78 500
78 500
78 500
78 500
Total tax
38 183
37 238
44 969
41 439
After tax
40 317
41 262
33 531
37 061
Living cost
11 471
11 471
11 471
11 471
Free-cash
28 846
29 791
22 060
25 590

Estimated living cost  is ₴11471 per week

₴7134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1162
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2979
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41467
₴36980
₴32447
₴29108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 982
health
-
-
-
10 598
solidarity contribution
-
-
-
203
social contributions
-
-
-
14 690
total
-
-
-
33 473
Employee
18 500
-
60 480
-
social contributions
1 202
-
3 270
-
health
2 497
-
8 165
-
solidarity contribution
-
-
-
-
income
2 220
-
7 357
-
total
5 919
-
18 792
-
Employer
18 500
-
60 480
-
social contributions
4 625
-
12 577
-
health
1 665
-
5 443
-
total
6 290
-
18 020
-
Corporate
53 711
78 500
-
-
income
10 205
14 915
-
-
total
10 205
14 915
-
-
Dividends
43 506
63 585
-
-
withholding
6 526
9 538
-
-
total
6 526
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 940
24 453
36 812
33 473
After tax
49 560
54 047
41 688
45 027
Living cost
12 580
12 580
12 580
12 580
Free-cash
36 980
41 467
29 108
32 447

Estimated living cost  is ₴12580 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29860
₴29652
₴26798
₴7200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
78 500
chamber of commerce
-
-
-
314
income
-
-
-
22 183
pensions
-
-
-
9 203
unemployment
-
-
-
2 612
health
-
-
-
3 805
surtax
-
-
-
-
total
-
-
-
38 117
Employee
18 614
16 969
63 202
-
other
186
170
498
-
health
720
657
1 925
-
income
1 658
1 252
18 013
-
pensions
1 906
1 737
5 094
-
unemployment
558
509
1 492
-
total
5 028
4 325
27 022
-
Employer
18 614
16 969
63 202
-
accident
242
221
646
-
other
884
806
2 887
-
chamber of commerce
74
68
253
-
unemployment
558
509
1 492
-
surtax
-
-
-
-
pensions
2 336
2 130
6 243
-
payroll
558
509
1 896
-
health
704
642
1 880
-
total
5 356
4 885
15 297
-
Corporate
54 530
56 647
61 586
-
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.

13 632
14 161
15 396
-
total
13 632
14 161
15 396
-
Dividends
40 898
42 485
-
-
withholding
11 247
11 684
-
-
total
11 247
11 684
-
-
Income
78 500
78 500
78 500
78 500
Total tax
35 263
35 055
57 715
38 117
After tax
43 237
43 445
20 785
40 383
Living cost
13 585
13 585
13 585
13 585
Free-cash
29 652
29 860
7 200
26 798

Estimated living cost  is ₴13585 per week

₴8149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
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.
₴3806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68518
₴67383
₴71658
₴56743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 571
-
78 500
-
income
1 514
-
15 700
-
total
1 514
-
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%.

70 929
78 500
-
-
total
-
-
-
-
Dividends
70 929
78 500
-
-
withholding
3 546
3 925
-
-
total
3 546
3 925
-
-
Income
78 500
78 500
78 500
78 500
Total tax
5 060
3 925
15 700
785
After tax
73 440
74 575
62 800
77 715
Living cost
6 057
6 057
6 057
6 057
Free-cash
67 383
68 518
56 743
71 658

Estimated living cost  is ₴6057 per week

₴4099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42626
₴39065
₴26742
₴24663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 159
pensions
-
-
-
14 336
unemployment
-
-
-
118
health
-
-
-
7 724
total
-
-
-
40 337
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.

18 830
-
67 925
-
health
1 216
-
4 388
-
income
3 247
-
16 830
-
pensions
2 919
-
10 528
-
unemployment
27
-
95
-
total
7 409
-
31 841
-
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.

18 830
-
67 925
-
unemployment
11
-
40
-
pensions
1 666
-
6 011
-
health
1 254
-
4 524
-
total
2 931
-
10 575
-
Corporate
56 739
78 500
-
-
income
10 780
14 915
-
-
total
10 780
14 915
-
-
Dividends
45 958
63 585
-
-
withholding
6 894
9 538
-
-
total
6 894
9 538
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 014
24 453
42 416
40 337
After tax
50 486
54 047
36 084
38 163
Living cost
11 421
11 421
11 421
11 421
Free-cash
39 065
42 626
24 663
26 742

Estimated living cost  is ₴11421 per week

₴7838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29301
₴8954
₴35792
₴54415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 466
-
-
-
social contributions
2 170
-
309
-
income
5 838
-
-
-
total
8 008
-
309
-
Employer
26 466
-
-
-
social contributions
37 317
-
5 318
-
total
37 317
-
5 318
-
Corporate
14 717
78 500
-
-
income
3 238
17 270
-
-
total
3 238
17 270
-
-
Dividends
11 479
61 230
-
-
income
2 525
13 471
-
-
total
2 525
13 471
-
-
Income
78 500
78 500
78 500
78 500
Total tax
51 088
30 741
5 627
24 250
After tax
27 412
47 759
72 873
54 250
Living cost
18 458
18 458
18 458
18 458
Free-cash
8 954
29 301
54 415
35 792

Estimated living cost  is ₴18458 per week

₴11976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31295
₴30866
₴28460
₴22508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 405
surtax
-
-
-
-
social contributions

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

-
-
-
27 279
total
-
-
-
36 684
Employee
19 584
-
63 434
-
social contributions
2 154
-
6 978
-
surtax
-
-
-
-
income
4 074
-
20 592
-
total
6 228
-
27 570
-
Employer
19 584
-
63 434
-
social contributions
4 651
-
15 066
-
total
4 651
-
15 066
-
Corporate
54 265
78 500
-
-
surtax
-
-
-
-
income
11 395
16 485
-
-
total
11 395
16 485
-
-
Dividends
42 869
62 015
-
-
withholding
12 004
17 364
-
-
total
12 004
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 278
33 849
42 636
36 684
After tax
44 222
44 651
35 864
41 816
Living cost
13 356
13 356
13 356
13 356
Free-cash
30 866
31 295
22 508
28 460

Estimated living cost  is ₴13356 per week

₴9993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴788
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18997
₴21925
₴23613
₴22170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 556
pensions
-
-
-
13 665
other
-
-
-
2 434
health
-
-
-
3 429
surtax
-
-
-
-
social contributions
-
-
-
2 237
total
-
-
-
34 321
Employee
26 670
-
60 633
-
social contributions
760
-
1 728
-
surtax
-
-
-
-
income
2 327
-
11 901
-
pensions
3 017
-
4 267
-
total
6 104
-
17 896
-
Employer
26 670
-
60 633
-
other
920
-
2 387
-
social contributions
80
-
182
-
unemployment
1 080
-
2 456
-
pensions
4 382
-
7 173
-
health
1 867
-
5 670
-
total
8 329
-
17 868
-
Corporate
43 501
78 500
-
-
surtax
-
-
-
-
income
12 180
21 980
-
-
total
12 180
21 980
-
-
Dividends
31 321
56 520
-
-
surtax
-
-
-
-
social contributions
5 387
9 722
-
-
withholding
4 009
7 235
-
-
total
9 396
16 957
-
-
Income
78 500
78 500
78 500
78 500
Total tax
36 009
38 937
35 764
34 321
After tax
42 491
39 563
42 736
44 179
Living cost
20 566
20 566
20 566
20 566
Free-cash
21 925
18 997
22 170
23 613

Estimated living cost  is ₴20566 per week

₴13919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1682
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.
₴4683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57850
₴56419
₴44893
₴46978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 537
social contributions
-
-
-
17 270
total
-
-
-
20 807
Employee
13 689
-
67 965
-
income
-
-
3 769
-
social contributions
890
-
4 418
-
total
890
-
8 187
-
Employer
13 689
-
67 965
-
social contributions
2 122
-
10 535
-
total
2 122
-
10 535
-
Corporate
62 689
78 500
-
-
income
6 269
7 850
-
-
total
6 269
7 850
-
-
Dividends
56 420
70 650
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
9 281
7 850
18 722
20 807
After tax
69 219
70 650
59 778
57 693
Living cost
12 800
12 800
12 800
12 800
Free-cash
56 419
57 850
46 978
44 893

Estimated living cost  is ₴12800 per week

₴8276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴965
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.
₴3318
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14285
-₴14285
₴25588
-₴14285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 455
pensions
-
-
-
369
national
-
-
-
9 329
labour market
-
-
-
6 250
total
-
-
-
32 403
Employee
86 566
86 566
86 566
-
labour market
6 915
6 915
6 915
-
national
10 576
10 576
10 576
-
municipal
18 434
18 434
18 434
-
pensions
123
123
123
-
total
36 048
36 048
36 048
-
Employer
86 566
86 566
86 566
-
labour market
6 925
6 925
6 925
-
municipal
18 463
18 463
18 463
-
pensions
246
246
246
-
national
10 594
10 594
10 594
-
total
36 228
36 228
36 228
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
78 500
78 500
78 500
78 500
Total tax
72 276
72 276
72 276
32 403
After tax
6 224
6 224
6 224
46 097
Living cost
20 509
20 509
20 509
20 509
Free-cash
-14 285
-14 285
-14 285
25 588

Estimated living cost  is ₴20509 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴2780
₴4957
₴44509
₴33649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
income
-
-
-
21 916
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
24 852
Employee
14 377
-
70 932
-
health
1 646
-
8 122
-
income
1 972
-
16 805
-
pensions
1 619
-
3 217
-
total
5 237
-
28 144
-
Employer
14 377
-
70 932
-
accident
240
-
1 185
-
unemployment
352
-
1 738
-
pensions
2 338
-
4 645
-
total
2 930
-
7 568
-
Corporate
61 193
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.

55 074
70 650
-
-
total
55 074
70 650
-
-
Dividends
6 119
7 850
-
-
withholding
1 163
1 491
-
-
total
1 163
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
64 404
72 141
35 712
24 852
After tax
14 096
6 359
42 788
53 648
Living cost
9 139
9 139
9 139
9 139
Free-cash
4 957
-2 780
33 649
44 509

Estimated living cost  is ₴9139 per week

₴6652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32625
₴33779
₴33776
₴24610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
municipal
-
-
-
13 945
health
-
-
-
1 031
national
-
-
-
13 400
total
-
-
-
28 376
Employee
22 403
-
66 039
-
health
167
-
840
-
municipal
3 669
-
10 755
-
pensions
1 512
-
4 457
-
unemployment
336
-
991
-
national
370
-
8 038
-
total
6 054
-
25 081
-
Employer
22 403
-
66 039
-
accident
23
-
66
-
unemployment
145
-
429
-
pensions
3 887
-
11 458
-
health
172
-
508
-
total
4 227
-
12 461
-
Corporate
51 870
78 500
-
-
income
10 374
15 700
-
-
total
10 374
15 700
-
-
Dividends

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

31 122
47 100
-
-
national
2 116
5 349
-
-
municipal
5 602
8 478
-
-
total
7 718
13 827
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 373
29 527
37 542
28 376
After tax
50 127
48 973
40 958
50 124
Living cost
16 348
16 348
16 348
16 348
Free-cash
33 779
32 625
24 610
33 776

Estimated living cost  is ₴16348 per week

₴10679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
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.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47395
₴45078
₴43620
₴42941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 129
health
-
-
-
2 002
social contributions
-
-
-
6 890
total
-
-
-
25 021
Employee
32 743
32 743
73 475
-
social contributions
1 238
2 718
3 665
-
health
254
557
1 249
-
income
3 565
3 031
15 762
-
total
5 057
6 306
20 676
-
Employer
32 743
32 743
73 475
-
social contributions
1 238
2 718
3 665
-
health
276
606
1 359
-
total
1 514
3 324
5 024
-
Corporate
62 071
42 433
-
-
income
7 759
5 304
-
-
total
7 759
5 304
-
-
Dividends
54 312
37 129
-
-
withholding
9 233
6 312
-
-
total
9 233
6 312
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 563
21 246
25 700
25 021
After tax
54 937
57 254
52 800
53 479
Living cost
9 859
9 859
9 859
9 859
Free-cash
45 078
47 395
42 941
43 620

Estimated living cost  is ₴9859 per week

₴5909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58245
₴56080
₴59461
₴50922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 016
pensions
-
-
-
2 709
unemployment
-
-
-
12
health
-
-
-
1 541
total
-
-
-
12 278
Employee

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

9 774
-
74 338
-
health
831
-
3 434
-
income
668
-
6 960
-
pensions
1 466
-
6 060
-
unemployment
48
-
202
-
total
3 013
-
16 656
-
Employer

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

9 774
-
74 338
-
unemployment
48
-
202
-
pensions
537
-
2 222
-
health
420
-
1 737
-
total
1 005
-
4 161
-
Corporate
67 720
78 500
-
-
income
6 094
7 065
-
-
total
6 094
7 065
-
-
Dividends
61 626
71 435
-
-
withholding
5 547
6 429
-
-
total
5 547
6 429
-
-
Income
78 500
78 500
78 500
78 500
Total tax
15 659
13 494
20 817
12 278
After tax
62 841
65 006
57 683
66 222
Living cost
6 761
6 761
6 761
6 761
Free-cash
56 080
58 245
50 922
59 461

Estimated living cost  is ₴6761 per week

₴4313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40574
₴38696
₴32305
₴30519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
income
-
-
-
22 645
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
34 486
Employee
15 745
-
65 918
-
other
15
-
40
-
income
3 035
-
21 183
-
pensions
740
-
1 855
-
unemployment
244
-
612
-
total
4 034
-
23 690
-
Employer
15 745
-
65 918
-
accident
312
-
781
-
other
126
-
316
-
unemployment
866
-
2 170
-
pensions
3 715
-
9 315
-
total
5 019
-
12 582
-
Corporate
57 735
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.

8 660
11 775
-
-
total
8 660
11 775
-
-
Dividends
49 075
66 725
-
-
withholding
10 382
14 442
-
-
total
10 382
14 442
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 095
26 217
36 272
34 486
After tax
50 405
52 283
42 228
44 014
Living cost
11 709
11 709
11 709
11 709
Free-cash
38 696
40 574
30 519
32 305

Estimated living cost  is ₴11709 per week

₴7904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
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.
₴2475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47814
₴47621
₴49168
₴49086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
26 690
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
28 162
Employee
1 782
-
77 540
-
health
89
-
213
-
income
345
-
26 645
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
27 285
-
Employer
1 782
-
77 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
76 318
78 500
-
-
income
16 790
17 270
-
-
total
16 790
17 270
-
-
Dividends
59 528
61 230
-
-
withholding
11 906
12 246
-
-
total
11 906
12 246
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 709
29 516
28 244
28 162
After tax
48 791
48 984
50 256
50 338
Living cost
1 170
1 170
1 170
1 170
Free-cash
47 621
47 814
49 086
49 168

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49349
₴47255
₴41387
₴41388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 846
pensions
-
-
-
8 185
unemployment
-
-
-
472
health
-
-
-
3 243
total
-
-
-
29 746
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.

11 109
-
72 865
-
health
572
-
1 621
-
income
1 531
-
17 846
-
pensions
1 555
-
4 407
-
unemployment
83
-
236
-
total
3 741
-
24 110
-
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.

11 109
-
72 865
-
unemployment
83
-
236
-
pensions
1 333
-
3 778
-
health
572
-
1 621
-
total
1 988
-
5 635
-
Corporate
65 402
78 500
-
-
income
9 810
11 775
-
-
total
9 810
11 775
-
-
Dividends
55 592
66 725
-
-
withholding
8 339
10 009
-
-
total
8 339
10 009
-
-
Income
78 500
78 500
78 500
78 500
Total tax
23 878
21 784
29 745
29 746
After tax
54 622
56 716
48 755
48 754
Living cost
7 367
7 367
7 367
7 367
Free-cash
47 255
49 349
41 388
41 387

Estimated living cost  is ₴7367 per week

₴4960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33171
₴33018
₴30336
₴24384
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 405
surtax
-
-
-
-
social contributions

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

-
-
-
27 279
total
-
-
-
36 684
Employee
16 527
-
63 434
-
social contributions
1 818
-
6 978
-
surtax
-
-
-
-
income
3 229
-
20 592
-
total
5 047
-
27 570
-
Employer
16 527
-
63 434
-
social contributions
3 925
-
15 066
-
total
3 925
-
15 066
-
Corporate
58 048
78 500
-
-
surtax
-
-
-
-
income
12 190
16 485
-
-
total
12 190
16 485
-
-
Dividends
45 858
62 015
-
-
withholding
12 840
17 364
-
-
total
12 840
17 364
-
-
Income
78 500
78 500
78 500
78 500
Total tax
34 002
33 849
42 636
36 684
After tax
44 498
44 651
35 864
41 816
Living cost
11 480
11 480
11 480
11 480
Free-cash
33 018
33 171
24 384
30 336

Estimated living cost  is ₴11480 per week

₴8131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴798
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37318
₴34534
₴29049
₴27263
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
356
income
-
-
-
22 645
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
34 486
Employee
20 565
-
65 918
-
other
20
-
40
-
income
4 295
-
21 183
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
23 690
-
Employer
20 565
-
65 918
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
51 378
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.

7 707
11 775
-
-
total
7 707
11 775
-
-
Dividends
43 672
66 725
-
-
withholding
9 139
14 442
-
-
total
9 139
14 442
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 001
26 217
36 272
34 486
After tax
49 499
52 283
42 228
44 014
Living cost
14 965
14 965
14 965
14 965
Free-cash
34 534
37 318
27 263
29 049

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2844
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59788
₴57189
₴55420
₴58536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 203
unemployment
-
-
-
60
health
-
-
-
1 712
total
-
-
-
15 750
Employee
9 706
-
75 580
-
health
447
-
685
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
income
971
-
7 558
-
pensions

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

852
-
1 307
-
total
2 377
-
9 714
-
Employer
9 706
-
75 580
-
accident

We are using the highest rate at 1.1%.

107
-
164
-
unemployment
58
-
89
-
pensions

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

1 070
-
1 640
-
health
670
-
1 027
-
total
1 905
-
2 920
-
Corporate
66 890
78 500
-
-
income
6 689
7 850
-
-
total
6 689
7 850
-
-
Dividends
60 201
70 650
-
-
withholding
3 010
3 532
-
-
total
3 010
3 532
-
-
Income
78 500
78 500
78 500
78 500
Total tax
13 981
11 382
12 634
15 750
After tax
64 519
67 118
65 866
62 750
Living cost
7 330
7 330
7 330
7 330
Free-cash
57 189
59 788
58 536
55 420

Estimated living cost  is ₴7330 per week

₴4848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23956
₴29525
₴24719
₴33143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
78 500
trade
-
-
-
8 424
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.

-
-
-
24 652
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.

-
-
-
2 909
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.

-
-
-
1 356
total
-
-
-
37 341
Employee

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

21 187
-
78 500
-
health

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

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

2 909
-
2 909
-
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.

96
-
1 356
-
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.

1 742
-
24 652
-
total
4 747
-
28 917
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 313
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.

473
647
-
-
income
8 597
11 775
-
-
trade
8 224
11 264
-
-
chamber of commerce
149
179
-
-
total
17 443
23 865
-
-
Dividends
39 870
54 634
-
-
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.

539
743
-
-
withholding
9 806
13 496
-
-
total
10 345
14 239
-
-
Income
78 500
78 500
78 500
78 500
Total tax
32 535
38 104
28 917
37 341
After tax
45 965
40 396
49 583
41 159
Living cost
16 440
16 440
16 440
16 440
Free-cash
29 525
23 956
33 143
24 719

Estimated living cost  is ₴16440 per week

₴11340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1769
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.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30694
₴31634
₴16704
₴16704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 362
social contributions
-
-
-
13 178
total
-
-
-
37 540
Employee
33 308
-
78 500
-
income
6 285
-
24 362
-
social contributions
2 767
-
13 178
-
total
9 052
-
37 540
-
Employer
33 308
-
78 500
-
total
-
-
-
-
Corporate
45 192
78 500
-
-
income
5 649
9 812
-
-
total
5 649
9 812
-
-
Dividends
39 543
68 688
-
-
withholding
7 909
13 738
-
-
total
7 909
13 738
-
-
Income
78 500
78 500
78 500
78 500
Total tax
22 610
23 550
37 540
37 540
After tax
55 890
54 950
40 960
40 960
Living cost
24 256
24 256
24 256
24 256
Free-cash
31 634
30 694
16 704
16 704

Estimated living cost  is ₴24256 per week

₴18454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
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.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33318
₴34805
₴48064
₴40144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 121
health

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

-
-
-
2 858
total
-
-
-
14 979
Employee
19 534
-
76 541
-
income
2 120
-
18 981
-
social contributions
1 957
-
1 959
-
total
4 077
-
20 940
-
Employer
19 534
-
76 541
-
social contributions
1 957
-
1 959
-
total
1 957
-
1 959
-
Corporate
57 009
78 500
-
-
income
19 954
27 475
-
-
total
19 954
27 475
-
-
Dividends
37 055
51 025
-
-
social contributions
2 250
2 250
-
-
total
2 250
2 250
-
-
Income
78 500
78 500
78 500
78 500
Total tax
28 238
29 725
22 899
14 979
After tax
50 262
48 775
55 601
63 521
Living cost
15 457
15 457
15 457
15 457
Free-cash
34 805
33 318
40 144
48 064

Estimated living cost  is ₴15457 per week

₴10182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1219
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35121
₴37666
₴35884
₴28793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 733
pensions
-
-
-
3 922
total
-
-
-
26 655
Employee
21 908
-
68 548
-
health
286
-
983
-
income
3 990
-
18 008
-
pensions
1 672
-
4 804
-
total
5 948
-
23 795
-
Employer
21 908
-
68 548
-
pensions
2 213
-
8 649
-
health
416
-
1 302
-
total
2 629
-
9 951
-
Corporate
53 962
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.

10 252
14 915
-
-
total
10 252
14 915
-
-
Dividends
43 709
63 585
-
-
withholding
6 044
12 503
-
-
total
6 044
12 503
-
-
Income
78 500
78 500
78 500
78 500
Total tax
24 873
27 418
33 746
26 655
After tax
53 627
51 082
44 754
51 845
Living cost
15 961
15 961
15 961
15 961
Free-cash
37 666
35 121
28 793
35 884

Estimated living cost  is ₴15961 per week

₴10949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3685
₴4818
₴43604
₴32744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
106
income
-
-
-
21 916
pensions
-
-
-
1 754
other
-
-
-
156
health
-
-
-
920
total
-
-
-
24 852
Employee
15 800
-
70 932
-
health
1 809
-
8 122
-
income
2 168
-
16 805
-
pensions
1 779
-
3 217
-
total
5 756
-
28 144
-
Employer
15 800
-
70 932
-
accident
264
-
1 185
-
unemployment
387
-
1 738
-
pensions
2 569
-
4 645
-
total
3 220
-
7 568
-
Corporate
59 480
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.

53 532
70 650
-
-
total
53 532
70 650
-
-
Dividends
5 948
7 850
-
-
withholding
1 130
1 491
-
-
total
1 130
1 491
-
-
Income
78 500
78 500
78 500
78 500
Total tax
63 638
72 141
35 712
24 852
After tax
14 862
6 359
42 788
53 648
Living cost
10 044
10 044
10 044
10 044
Free-cash
4 818
-3 685
32 744
43 604

Estimated living cost  is ₴10044 per week

₴7371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴60307
₴58315
₴41028
₴50390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
340
health insurance
-
-
-
5 039
income
-
-
-
12 996
pensions
-
-
-
12 529
unemployment
-
-
-
817
total
-
-
-
31 721
Employee

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

9 202
-
78 500
-
work injury
46
-
170
-
income
920
-
12 996
-
pensions
1 693
-
6 265
-
health insurance
681
-
2 519
-
unemployment
110
-
409
-
total
3 450
-
22 359
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
69 298
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%.

693
785
-
-
total
693
785
-
-
Dividends
68 605
77 715
-
-
withholding
10 291
11 657
-
-
total
10 291
11 657
-
-
Income
78 500
78 500
78 500
78 500
Total tax
14 434
12 442
22 359
31 721
After tax
64 066
66 058
56 141
46 779
Living cost
5 751
5 751
5 751
5 751
Free-cash
58 315
60 307
50 390
41 028

Estimated living cost  is ₴5751 per week

₴3563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24386
₴22448
₴19421
₴15974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
524
regional
-
-
-
1 802
national
-
-
-
19 600
social contributions
-
-
-
20 190
total
-
-
-
42 116
Employee
35 882
-
78 500
-
social contributions
12 099
-
26 471
-
regional
542
-
1 599
-
municipal
214
-
468
-
national
6 064
-
17 025
-
total
18 919
-
45 563
-
Employer
35 882
-
78 500
-
total
-
-
-
-
Corporate
42 618
78 500
-
-
nationa
10 228
18 840
-
-
municipal
2 054
3 783
-
-
total
12 282
22 623
-
-
Dividends
30 336
55 877
-
-
withholding
7 888
14 528
-
-
total
7 888
14 528
-
-
Income
78 500
78 500
78 500
78 500
Total tax
39 089
37 151
45 563
42 116
After tax
39 411
41 349
32 937
36 384
Living cost
16 963
16 963
16 963
16 963
Free-cash
22 448
24 386
15 974
19 421

Estimated living cost  is ₴16963 per week

₴11916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
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.
₴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

Source of data for Rome model

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