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
₴ 79500
per

Your estimated
City
free-cash

Dresden , Germany
₴25157
₴36122
₴27215
₴30619
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income

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

-
-
-
23 748
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.

-
-
-
1 306
health

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

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

-
-
-
3 372
trade
-
-
-
8 907
total
-
-
-
37 333
Employee

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

18 881
-
79 500
-
surtax

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

29
-
1 306
-
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.

527
-
23 748
-
health

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

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

3 372
-
3 372
-
total
3 928
-
28 426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 619
79 500
-
-
income
9 093
11 925
-
-
surtax

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

500
656
-
-
chamber of commerce
162
189
-
-
trade
9 548
12 521
-
-
total
19 303
25 291
-
-
Dividends
41 316
54 209
-
-
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.

557
735
-
-
withholding
10 141
13 365
-
-
total
10 698
14 100
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 929
39 391
28 426
37 333
After tax
45 571
40 109
51 074
42 167
Living cost
14 952
14 952
14 952
14 952
Free-cash
30 619
25 157
36 122
27 215

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23168
₴21308
₴20683
₴22727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
855
municipal
-
-
-
8 622
national
-
-
-
13 360
pensions
-
-
-
9 540
total
-
-
-
32 377
Employee
40 988
-
68 727
-
municipal
5 063
-
8 929
-
pensions
1 640
-
2 749
-
national
7 845
-
13 837
-
total
14 548
-
25 515
-
Employer
40 988
-
68 727
-
pensions
3 279
-
5 498
-
social contributions
441
-
739
-
total
3 720
-
6 237
-
Corporate
32 088
79 500
-
-
income

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

6 418
15 900
-
-
total
6 418
15 900
-
-
Dividends
25 670
63 600
-
-
withholding
5 647
13 992
-
-
total
5 647
13 992
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 333
29 892
31 752
32 377
After tax
49 167
49 608
47 748
47 123
Living cost
26 440
26 440
26 440
26 440
Free-cash
22 727
23 168
21 308
20 683

Estimated living cost  is ₴26440 per week

₴17971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2458
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53330
₴37499
₴16524
₴49281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income
-
-
-
13 520
surtax
-
-
-
20 273
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.

-
-
-
18 913
microenterprise
-
-
-
-
total
-
-
-
52 706
Employee
14 424
-
58 123
-
surtax
-
-
-
-
social contributions

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

1 587
-
6 393
-
income
2 568
-
11 336
-
total
4 155
-
17 729
-
Employer
14 424
-
58 123
-
social contributions

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

3 474
-
14 002
-
surtax
-
-
-
-
total
3 474
-
14 002
-
Corporate
61 601
79 500
-
-
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%.

12 320
15 900
-
-
total
12 320
15 900
-
-
Dividends

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

49 281
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
19 949
15 900
31 731
52 706
After tax
59 551
63 600
47 769
26 794
Living cost
10 270
10 270
10 270
10 270
Free-cash
49 281
53 330
37 499
16 524

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18570
₴28181
₴23730
₴15546
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
23 220
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
35 091
Employee
42 154
42 154
70 326
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
9 595
-
health
6 470
5 504
6 087
-
total
20 958
18 188
21 466
-
Employer
42 154
42 154
70 326
-
health
2 930
2 930
3 641
-
pensions
2 934
2 934
3 647
-
unemployment
1 518
1 518
1 886
-
total
7 382
7 382
9 174
-
Corporate
30 481
29 964
-
-
income
6 096
5 992
-
-
total
6 096
5 992
-
-
Dividends
24 384
23 971
-
-
income
5 181
5 094
-
-
withholding
3 658
3 595
-
-
total
8 839
8 689
-
-
Income
79 500
79 500
79 500
79 500
Total tax
43 275
40 251
30 640
35 091
After tax
36 225
39 249
48 860
44 409
Living cost
20 679
20 679
20 679
20 679
Free-cash
15 546
18 570
28 181
23 730

Estimated living cost  is ₴20679 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23245
₴20757
₴21247
₴22794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
88
other
-
-
-
5 135
unemployment
-
-
-
44
health
-
-
-
2 757
municipal
-
-
-
19 890
national
-
-
-
5 400
pensions
-
-
-
4 777
total
-
-
-
38 091
Employee
28 729
-
65 616
-
municipal
8 567
-
19 567
-
national
-
-
5 129
-
total
8 567
-
24 696
-
Employer
28 729
-
65 616
-
health
1 767
-
2 718
-
pensions
3 105
-
4 777
-
accident
57
-
88
-
unemployment
758
-
1 167
-
other
3 338
-
5 135
-
total
9 025
-
13 885
-
Corporate
41 745
79 500
-
-
income
9 184
17 490
-
-
total
9 184
17 490
-
-
Dividends
32 561
62 010
-
-
withholding
9 768
18 603
-
-
total
9 768
18 603
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 544
36 093
38 581
38 091
After tax
42 956
43 407
40 919
41 409
Living cost
20 162
20 162
20 162
20 162
Free-cash
22 794
23 245
20 757
21 247

Estimated living cost  is ₴20162 per week

₴13362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4515
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20309
₴31682
₴22380
₴27243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income

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

-
-
-
23 748
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.

-
-
-
1 306
health

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

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

-
-
-
3 372
trade
-
-
-
9 302
total
-
-
-
37 728
Employee

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

25 033
-
79 500
-
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.

118
-
1 306
-
income

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

2 151
-
23 748
-
health

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

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

3 372
-
3 372
-
total
5 641
-
28 426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 467
79 500
-
-
income
8 170
11 925
-
-
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.

450
656
-
-
chamber of commerce
153
188
-
-
trade
8 960
13 078
-
-
total
17 733
25 847
-
-
Dividends
36 734
53 653
-
-
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.

495
727
-
-
withholding
8 996
13 225
-
-
total
9 491
13 952
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 865
39 799
28 426
37 728
After tax
46 635
39 701
51 074
41 772
Living cost
19 392
19 392
19 392
19 392
Free-cash
27 243
20 309
31 682
22 380

Estimated living cost  is ₴19392 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42009
₴37981
₴38700
₴39963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
14 775
social contributions
-
-
-
7 987
health
-
-
-
2 027
total
-
-
-
24 789
Employee
37 958
37 958
73 884
-
social contributions
1 844
3 150
4 249
-
income
3 986
3 514
14 387
-
health
378
645
1 256
-
total
6 208
7 309
19 892
-
Employer
37 958
37 958
73 884
-
health
411
703
1 367
-
social contributions
1 844
3 150
4 249
-
total
2 255
3 853
5 616
-
Corporate
55 025
37 689
-
-
income
6 878
4 711
-
-
total
6 878
4 711
-
-
Dividends
48 148
32 978
-
-
withholding
8 185
5 607
-
-
total
8 185
5 607
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 526
21 480
25 508
24 789
After tax
55 974
58 020
53 992
54 711
Living cost
16 011
16 011
16 011
16 011
Free-cash
39 963
42 009
37 981
38 700

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35617
₴37026
₴46013
₴35806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
9 719
unemployment
-
-
-
1 193
health
-
-
-
5 565
pensions
-
-
-
7 950
total
-
-
-
24 427
Employee

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

The minimum wage is 138,000 HUF per month.

13 079
5 205
66 527
-
unemployment
196
78
998
-
pensions
1 308
521
6 653
-
income
1 599
636
8 133
-
health
916
364
4 657
-
total
4 019
1 599
20 441
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 079
5 205
66 527
-
pensions
2 550
1 015
12 973
-
total
2 550
1 015
12 973
-
Corporate
63 871
73 280
-
-
income
5 748
6 595
-
-
total
5 748
6 595
-
-
Dividends
58 122
66 685
-
-
social contributions
11 274
12 944
-
-
withholding
11 043
12 670
-
-
total
22 317
25 614
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 634
34 823
33 414
24 427
After tax
44 866
44 677
46 086
55 073
Living cost
9 060
9 060
9 060
9 060
Free-cash
35 806
35 617
37 026
46 013

Estimated living cost  is ₴9060 per week

₴6183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51677
₴33898
₴30688
₴48610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
10 653
health
-
-
-
10 335
pensions
-
-
-
15 901
total
-
-
-
36 889
Employee
14 004
-
59 417
-
unemployment
224
-
951
-
pensions
280
-
1 189
-
income
1 577
-
11 456
-
total
2 081
-
13 596
-
Employer
14 004
-
59 417
-
health
1 820
-
7 725
-
pensions
2 801
-
11 883
-
unemployment
112
-
475
-
total
4 733
-
20 083
-
Corporate
60 763
79 500
-
-
income
12 153
15 900
-
-
total
12 153
15 900
-
-
Dividends
48 610
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
18 967
15 900
33 679
36 889
After tax
60 533
63 600
45 821
42 611
Living cost
11 923
11 923
11 923
11 923
Free-cash
48 610
51 677
33 898
30 688

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4573
₴31865
₴43365
₴4751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
126
income
-
-
-
21 636
other
-
-
-
186
health
-
-
-
1 092
pensions
-
-
-
2 083
total
-
-
-
25 123
Employee
17 322
-
71 058
-
pensions
1 951
-
3 819
-
income
2 376
-
16 225
-
health
1 983
-
8 136
-
total
6 310
-
28 180
-
Employer
17 322
-
71 058
-
pensions
2 817
-
5 515
-
accident
289
-
1 187
-
unemployment
424
-
1 741
-
total
3 530
-
8 443
-
Corporate
58 647
79 500
-
-
income

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

52 783
71 550
-
-
total
52 783
71 550
-
-
Dividends
5 865
7 950
-
-
withholding
1 114
1 511
-
-
total
1 114
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 737
73 061
36 623
25 123
After tax
15 763
6 439
42 877
54 377
Living cost
11 012
11 012
11 012
11 012
Free-cash
4 751
-4 573
31 865
43 365

Estimated living cost  is ₴11012 per week

₴8071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71496
₴59571
₴74676
₴70741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
79 500
microenterprise

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

-
-
-
795
total
-
-
-
795
Employee
5 037
-
79 500
-
income
1 007
-
15 900
-
total
1 007
-
15 900
-
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%.

74 463
79 500
-
-
total
-
-
-
-
Dividends
74 463
79 500
-
-
withholding
3 723
3 975
-
-
total
3 723
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
4 730
3 975
15 900
795
After tax
74 770
75 525
63 600
78 705
Living cost
4 029
4 029
4 029
4 029
Free-cash
70 741
71 496
59 571
74 676

Estimated living cost  is ₴4029 per week

₴2497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45256
₴32083
₴29898
₴41924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 565
other
-
-
-
3 565
health
-
-
-
3 303
pensions

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

-
-
-
18 016
total
-
-
-
36 449
Employee
17 923
-
63 498
-
unemployment
179
-
635
-
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.

1 254
-
4 445
-
income
3 086
-
12 293
-
health
251
-
889
-
total
4 770
-
18 262
-
Employer
17 923
-
63 498
-
health
251
-
889
-
pensions

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

3 047
-
10 795
-
accident
143
-
508
-
unemployment
179
-
635
-
other
896
-
3 175
-
total
4 516
-
16 002
-
Corporate
57 060
79 500
-
-
income
11 982
16 695
-
-
total
11 982
16 695
-
-
Dividends
45 077
62 805
-
-
withholding
3 155
4 396
-
-
total
3 155
4 396
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 423
21 091
34 264
36 449
After tax
55 077
58 409
45 236
43 051
Living cost
13 153
13 153
13 153
13 153
Free-cash
41 924
45 256
32 083
29 898

Estimated living cost  is ₴13153 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20063
₴13293
₴20526
₴20164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
22 021
pensions
-
-
-
4 265
total
-
-
-
26 286
Employee
46 248
-
69 509
-
pensions
4 462
-
5 295
-
income
8 337
-
17 199
-
health
762
-
1 034
-
total
13 561
-
23 528
-
Employer
46 248
-
69 509
-
health
878
-
1 321
-
pensions
5 461
-
8 670
-
total
6 339
-
9 991
-
Corporate
26 913
79 500
-
-
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.

5 113
15 105
-
-
total
5 113
15 105
-
-
Dividends
21 800
64 395
-
-
withholding
1 635
11 644
-
-
total
1 635
11 644
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 648
26 749
33 519
26 286
After tax
52 852
52 751
45 981
53 214
Living cost
32 688
32 688
32 688
32 688
Free-cash
20 164
20 063
13 293
20 526

Estimated living cost  is ₴32688 per week

₴24494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3841
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61502
₴59541
₴56503
₴59212
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
unemployment
-
-
-
69
health
-
-
-
1 982
pensions

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

-
-
-
2 551
total
-
-
-
16 527
Employee
8 567
-
76 118
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

752
-
1 513
-
income
857
-
7 612
-
health
394
-
793
-
total
2 097
-
10 108
-
Employer
8 567
-
76 118
-
health
591
-
1 189
-
pensions

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

944
-
1 899
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
103
-
total
1 680
-
3 381
-
Corporate
69 252
79 500
-
-
income
6 925
7 950
-
-
total
6 925
7 950
-
-
Dividends
62 327
71 550
-
-
withholding
3 116
3 578
-
-
total
3 116
3 578
-
-
Income
79 500
79 500
79 500
79 500
Total tax
13 818
11 528
13 489
16 527
After tax
65 682
67 972
66 011
62 973
Living cost
6 470
6 470
6 470
6 470
Free-cash
59 212
61 502
59 541
56 503

Estimated living cost  is ₴6470 per week

₴3777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
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.
₴2059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11876
₴21487
₴17036
₴13116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
23 220
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
35 091
Employee
45 766
42 154
70 326
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
9 595
-
health
5 710
5 504
6 087
-
total
18 394
18 188
21 466
-
Employer
45 766
42 154
70 326
-
health
3 180
2 930
3 641
-
pensions
3 185
2 934
3 647
-
unemployment
1 648
1 518
1 886
-
total
8 013
7 382
9 174
-
Corporate
25 721
29 964
-
-
income
5 144
5 992
-
-
total
5 144
5 992
-
-
Dividends
20 577
23 971
-
-
income
4 373
5 094
-
-
withholding
3 087
3 595
-
-
total
7 460
8 689
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 011
40 251
30 640
35 091
After tax
40 489
39 249
48 860
44 409
Living cost
27 373
27 373
27 373
27 373
Free-cash
13 116
11 876
21 487
17 036

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42449
₴28057
₴31137
₴38066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
7 663
social contributions
-
-
-
17 680
solidarity contribution
-
-
-
-
health
-
-
-
10 733
total
-
-
-
36 076
Employee
18 068
-
59 328
-
solidarity contribution
-
-
-
-
social contributions
1 174
-
3 856
-
income
2 168
-
7 119
-
health
2 439
-
8 009
-
total
5 781
-
18 984
-
Employer
18 068
-
59 328
-
health
1 626
-
5 340
-
social contributions
4 517
-
14 832
-
total
6 143
-
20 172
-
Corporate
55 288
79 500
-
-
income
10 505
15 105
-
-
total
10 505
15 105
-
-
Dividends
44 783
64 395
-
-
withholding
6 718
9 659
-
-
total
6 718
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 147
24 764
39 156
36 076
After tax
50 353
54 736
40 344
43 424
Living cost
12 287
12 287
12 287
12 287
Free-cash
38 066
42 449
28 057
31 137

Estimated living cost  is ₴12287 per week

₴8534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
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.
₴2637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21586
₴14009
₴17601
₴19010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 448
regional
-
-
-
930
municipal
-
-
-
472
national
-
-
-
19 219
total
-
-
-
41 069
Employee
43 871
-
79 500
-
municipal
232
-
422
-
national
7 602
-
16 611
-
regional
414
-
821
-
social contributions
14 793
-
26 807
-
total
23 041
-
44 661
-
Employer
43 871
-
79 500
-
total
-
-
-
-
Corporate
35 629
79 500
-
-
municipal
1 389
3 101
-
-
nationa
8 551
19 080
-
-
total
9 940
22 181
-
-
Dividends
25 689
57 319
-
-
withholding
6 679
14 903
-
-
total
6 679
14 903
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 660
37 084
44 661
41 069
After tax
39 840
42 416
34 839
38 431
Living cost
20 830
20 830
20 830
20 830
Free-cash
19 010
21 586
14 009
17 601

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39113
₴23759
₴26826
₴37576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 758
other
-
-
-
-
surtax
-
-
-
3 057
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
41 781
Employee
16 324
-
65 675
-
other
-
-
-
-
unemployment
1 136
-
4 571
-
pensions
1 089
-
4 380
-
surtax
53
-
2 560
-
income
2 736
-
17 840
-
health
417
-
1 674
-
total
5 431
-
31 025
-
Employer
16 324
-
65 675
-
health
743
-
2 988
-
pensions
2 176
-
8 754
-
unemployment
517
-
2 081
-
other
-
-
-
-
total
3 436
-
13 823
-
Corporate
59 740
79 500
-
-
income
15 533
20 670
-
-
total
15 533
20 670
-
-
Dividends
44 207
58 830
-
-
withholding
6 631
8 824
-
-
total
6 631
8 824
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 031
29 494
44 848
41 781
After tax
48 469
50 006
34 652
37 719
Living cost
10 893
10 893
10 893
10 893
Free-cash
37 576
39 113
23 759
26 826

Estimated living cost  is ₴10893 per week

₴6660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴30419
₴23650
₴30883
₴33388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
22 021
pensions
-
-
-
4 265
total
-
-
-
26 286
Employee
30 994
-
69 509
-
pensions
2 631
-
5 295
-
income
5 582
-
17 199
-
health
450
-
1 034
-
total
8 663
-
23 528
-
Employer
30 994
-
69 509
-
health
589
-
1 321
-
pensions
3 355
-
8 670
-
total
3 944
-
9 991
-
Corporate
44 562
79 500
-
-
income

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

8 467
15 105
-
-
total
8 467
15 105
-
-
Dividends
36 095
64 395
-
-
withholding
2 707
11 644
-
-
total
2 707
11 644
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 781
26 749
33 519
26 286
After tax
55 719
52 751
45 981
53 214
Living cost
22 332
22 332
22 332
22 332
Free-cash
33 388
30 419
23 650
30 883

Estimated living cost  is ₴22332 per week

₴16731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
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.
₴3693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3005
₴21698
₴25561
₴13834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
other

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

-
-
-
1 590
regional
-
-
-
3 638
health
-
-
-
179
city
-
-
-
838
national
-
-
-
1 023
pensions
-
-
-
7 313
total
-
-
-
14 581
Employee
46 058
-
71 156
-
unemployment
-
-
-
-
pensions
3 870
-
5 977
-
national
218
-
839
-
regional
1 508
-
3 144
-
city
494
-
764
-
health
104
-
160
-
total
6 194
-
10 884
-
Employer
46 058
-
71 156
-
health
104
-
160
-
pensions
3 870
-
5 977
-
unemployment
-
-
-
-
other

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

921
-
1 423
-
total
4 895
-
7 560
-
Corporate
28 041
79 500
-
-
regional
5 931
16 814
-
-
national
2 384
6 758
-
-
total
8 315
23 572
-
-
Dividends
19 726
55 928
-
-
withholding
6 904
19 575
-
-
total
6 904
19 575
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 308
43 147
18 444
14 581
After tax
53 192
36 353
61 056
64 919
Living cost
39 358
39 358
39 358
39 358
Free-cash
13 834
-3 005
21 698
25 561

Estimated living cost  is ₴39358 per week

₴25594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16678
₴28460
₴18762
₴24683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income

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

-
-
-
23 748
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.

-
-
-
1 306
health

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

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

-
-
-
3 372
trade
-
-
-
9 698
total
-
-
-
38 124
Employee

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

29 667
-
79 500
-
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.

192
-
1 306
-
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.

3 489
-
23 748
-
health

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

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

3 372
-
3 372
-
total
7 053
-
28 426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 833
79 500
-
-
income
7 475
11 925
-
-
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.

411
656
-
-
chamber of commerce
145
186
-
-
trade
8 546
13 635
-
-
total
16 577
26 402
-
-
Dividends
33 255
53 098
-
-
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.

447
719
-
-
withholding
8 126
13 087
-
-
total
8 573
13 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 203
40 208
28 426
38 124
After tax
47 297
39 292
51 074
41 376
Living cost
22 614
22 614
22 614
22 614
Free-cash
24 683
16 678
28 460
18 762

Estimated living cost  is ₴22614 per week

₴16516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23179
₴27629
₴28033
₴26094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 834
other
-
-
-
2 465
surtax
-
-
-
-
social contributions
-
-
-
2 265
health
-
-
-
3 129
pensions
-
-
-
14 885
total
-
-
-
34 578
Employee
21 127
-
62 018
-
pensions
2 389
-
4 109
-
surtax
-
-
-
-
social contributions
602
-
1 767
-
income
1 247
-
11 624
-
total
4 238
-
17 500
-
Employer
21 127
-
62 018
-
health
1 479
-
5 498
-
pensions
3 471
-
6 954
-
unemployment
855
-
2 511
-
social contributions
64
-
186
-
other
729
-
2 333
-
total
6 598
-
17 482
-
Corporate
51 775
79 500
-
-
income
14 497
22 260
-
-
surtax
-
-
-
-
total
14 497
22 260
-
-
Dividends
37 278
57 240
-
-
surtax
-
-
-
-
social contributions
6 412
9 846
-
-
withholding
4 772
7 326
-
-
total
11 184
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 517
39 432
34 982
34 578
After tax
42 983
40 068
44 518
44 922
Living cost
16 889
16 889
16 889
16 889
Free-cash
26 094
23 179
27 629
28 033

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24852
₴29302
₴29706
₴27596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 834
other
-
-
-
2 465
surtax
-
-
-
-
social contributions
-
-
-
2 265
health
-
-
-
3 129
pensions
-
-
-
14 885
total
-
-
-
34 578
Employee
18 859
-
62 018
-
pensions
2 133
-
4 109
-
surtax
-
-
-
-
social contributions
538
-
1 767
-
income
972
-
11 624
-
total
3 643
-
17 500
-
Employer
18 859
-
62 018
-
health
1 320
-
5 498
-
pensions
3 099
-
6 954
-
unemployment
763
-
2 511
-
social contributions
56
-
186
-
other
651
-
2 333
-
total
5 889
-
17 482
-
Corporate
54 752
79 500
-
-
income
15 330
22 260
-
-
surtax
-
-
-
-
total
15 330
22 260
-
-
Dividends
39 422
57 240
-
-
surtax
-
-
-
-
social contributions
6 780
9 846
-
-
withholding
5 046
7 326
-
-
total
11 826
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 688
39 432
34 982
34 578
After tax
42 812
40 068
44 518
44 922
Living cost
15 216
15 216
15 216
15 216
Free-cash
27 596
24 852
29 302
29 706

Estimated living cost  is ₴15216 per week

₴8824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴38035
₴39168
₴40588
₴38291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
social contributions
-
-
-
10 971
health
-
-
-
5 549
total
-
-
-
28 445
Employee
16 737
-
79 500
-
social contributions
2 310
-
10 971
-
income
2 792
-
13 345
-
health
1 168
-
5 549
-
total
6 270
-
29 865
-
Employer
16 737
-
79 500
-
total
-
-
-
-
Corporate
62 763
79 500
-
-
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%.

3 138
3 975
-
-
total
3 138
3 975
-
-
Dividends
59 625
75 525
-
-
social contributions
8 229
10 422
-
-
withholding
8 943
11 329
-
-
health
4 162
5 272
-
-
total
21 334
27 023
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 742
30 998
29 865
28 445
After tax
48 758
48 502
49 635
51 055
Living cost
10 467
10 467
10 467
10 467
Free-cash
38 291
38 035
39 168
40 588

Estimated living cost  is ₴10467 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26664
₴3530
₴23389
₴25903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 194
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
318
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
38 717
Employee
24 670
19 672
62 456
-
other
246
197
577
-
unemployment
740
590
1 730
-
pensions
2 526
2 014
5 905
-
income
2 808
1 451
15 944
-
health
955
762
2 231
-
total
7 275
5 014
26 387
-
Employer
24 670
19 672
62 456
-
chamber of commerce
98
79
250
-
health
932
744
2 180
-
pensions
3 096
2 469
7 237
-
accident
320
256
749
-
unemployment
740
590
1 730
-
surtax
97
97
97
-
payroll
740
590
1 874
-
other
1 172
934
2 926
-
total
7 195
5 759
17 043
-
Corporate
47 634
54 069
60 583
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

11 908
13 518
15 146
-
total
11 908
13 518
15 146
-
Dividends
35 726
40 551
-
-
withholding
9 825
11 151
-
-
total
9 825
11 151
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 203
35 442
58 576
38 717
After tax
43 297
44 058
20 924
40 783
Living cost
17 394
17 394
17 394
17 394
Free-cash
25 903
26 664
3 530
23 389

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26478
₴10407
₴16419
₴19075
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
communal

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

-
-
-
4 032
social contributions
-
-
-
12 307
national
-
-
-
28 743
total
-
-
-
45 082
Employee

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

35 310
-
61 575
-
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.

307
-
536
-
communal

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

1 842
-
3 211
-
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.

2 648
-
4 618
-
national
10 856
-
21 910
-
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.

1 659
-
2 894
-
total
17 312
-
33 169
-
Employer

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

35 310
-
61 575
-
health

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

2 171
-
3 787
-
pensions

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

3 129
-
5 456
-
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.

459
-
800
-
unemployment

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

515
-
899
-
surtax
4 004
-
6 983
-
total
10 278
-
17 925
-
Corporate
33 912
79 500
-
-
income
6 782
15 900
-
-
surtax
136
318
-
-
total
6 918
16 218
-
-
Dividends
26 994
63 283
-
-
withholding

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

7 918
18 805
-
-
total
7 918
18 805
-
-
Income
79 500
79 500
79 500
79 500
Total tax
42 426
35 023
51 094
45 082
After tax
37 074
44 477
28 406
34 418
Living cost
17 999
17 999
17 999
17 999
Free-cash
19 075
26 478
10 407
16 419

Estimated living cost  is ₴17999 per week

₴11593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
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.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35255
₴24801
₴26872
₴31737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
412
income
-
-
-
21 075
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
34 801
Employee
24 572
-
64 914
-
other
24
-
46
-
unemployment
381
-
709
-
pensions
1 155
-
2 151
-
income
5 185
-
19 380
-
total
6 745
-
22 286
-
Employer
24 572
-
64 914
-
pensions
5 799
-
10 798
-
accident
486
-
906
-
unemployment
1 352
-
2 516
-
other
196
-
366
-
total
7 833
-
14 586
-
Corporate
47 096
79 500
-
-
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.

7 064
11 925
-
-
total
7 064
11 925
-
-
Dividends
40 032
67 575
-
-
withholding
8 294
14 493
-
-
total
8 294
14 493
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 936
26 418
36 872
34 801
After tax
49 564
53 082
42 628
44 699
Living cost
17 827
17 827
17 827
17 827
Free-cash
31 737
35 255
24 801
26 872

Estimated living cost  is ₴17827 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20126
₴16483
₴13313
₴14174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
communal
-
-
-
5 025
accident
-
-
-
671
income
-
-
-
12 222
surtax
-
-
-
3 941
health
-
-
-
5 586
pensions
-
-
-
11 916
total
-
-
-
39 361
Employee
37 383
-
71 013
-
pensions
2 990
-
5 681
-
surtax
2 291
-
4 352
-
income
3 611
-
14 510
-
health
1 664
-
3 161
-
total
10 556
-
27 704
-
Employer
37 383
-
71 013
-
health
1 140
-
2 167
-
pensions
2 990
-
5 681
-
accident
336
-
639
-
total
4 466
-
8 487
-
Corporate
37 651
79 500
-
-
communal
2 541
5 366
-
-
income
5 648
11 925
-
-
surtax
395
835
-
-
total
8 584
18 126
-
-
Dividends
29 066
61 375
-
-
income
10 534
5 215
-
-
withholding
4 360
9 207
-
-
total
14 894
14 422
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 500
32 548
36 191
39 361
After tax
41 000
46 952
43 309
40 139
Living cost
26 826
26 826
26 826
26 826
Free-cash
14 174
20 126
16 483
13 313

Estimated living cost  is ₴26826 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
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.
₴4792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38918
₴23564
₴26631
₴37348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 758
other
-
-
-
-
surtax
-
-
-
3 057
unemployment
-
-
-
112
health
-
-
-
4 677
pensions
-
-
-
13 177
total
-
-
-
41 781
Employee
16 624
-
65 675
-
other
-
-
-
-
unemployment
1 157
-
4 571
-
pensions
1 109
-
4 380
-
surtax
59
-
2 560
-
income
2 787
-
17 840
-
health
424
-
1 674
-
total
5 536
-
31 025
-
Employer
16 624
-
65 675
-
health
756
-
2 988
-
pensions
2 216
-
8 754
-
unemployment
527
-
2 081
-
other
-
-
-
-
total
3 499
-
13 823
-
Corporate
59 376
79 500
-
-
income
15 438
20 670
-
-
total
15 438
20 670
-
-
Dividends
43 938
58 830
-
-
withholding
6 591
8 824
-
-
total
6 591
8 824
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 064
29 494
44 848
41 781
After tax
48 436
50 006
34 652
37 719
Living cost
11 088
11 088
11 088
11 088
Free-cash
37 348
38 918
23 564
26 631

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28490
₴21294
₴24865
₴27394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 448
regional
-
-
-
1 199
municipal
-
-
-
472
national
-
-
-
19 219
total
-
-
-
41 338
Employee
27 383
-
79 500
-
municipal
145
-
422
-
national
4 338
-
16 611
-
regional
369
-
1 069
-
social contributions
9 234
-
26 807
-
total
14 086
-
44 909
-
Employer
27 383
-
79 500
-
total
-
-
-
-
Corporate
52 117
79 500
-
-
municipal
2 590
3 951
-
-
nationa
12 508
19 080
-
-
total
15 098
23 031
-
-
Dividends
37 019
56 469
-
-
withholding
9 625
14 682
-
-
total
9 625
14 682
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 809
37 713
44 909
41 338
After tax
40 691
41 787
34 591
38 162
Living cost
13 297
13 297
13 297
13 297
Free-cash
27 394
28 490
21 294
24 865

Estimated living cost  is ₴13297 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39596
₴25204
₴28284
₴34195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
7 663
social contributions
-
-
-
17 680
solidarity contribution
-
-
-
-
health
-
-
-
10 733
total
-
-
-
36 076
Employee
22 265
-
59 328
-
solidarity contribution
-
-
-
-
social contributions
1 447
-
3 856
-
income
2 672
-
7 119
-
health
3 006
-
8 009
-
total
7 125
-
18 984
-
Employer
22 265
-
59 328
-
health
2 004
-
5 340
-
social contributions
5 566
-
14 832
-
total
7 570
-
20 172
-
Corporate
49 665
79 500
-
-
income
9 436
15 105
-
-
total
9 436
15 105
-
-
Dividends
40 228
64 395
-
-
withholding
6 034
9 659
-
-
total
6 034
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 165
24 764
39 156
36 076
After tax
49 335
54 736
40 344
43 424
Living cost
15 140
15 140
15 140
15 140
Free-cash
34 195
39 596
25 204
28 284

Estimated living cost  is ₴15140 per week

₴11259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28361
₴5207
₴25131
₴28120
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 194
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
318
health
-
-
-
4 411
pensions
-
-
-
10 669
total
-
-
-
38 620
Employee
21 578
19 672
62 547
-
other
215
197
577
-
unemployment
647
590
1 730
-
pensions
2 210
2 014
5 905
-
income
1 922
1 451
15 982
-
health
835
762
2 231
-
total
5 829
5 014
26 425
-
Employer
21 578
19 672
62 547
-
chamber of commerce
86
79
250
-
health
816
744
2 180
-
pensions
2 708
2 469
7 237
-
accident
280
256
749
-
unemployment
647
590
1 730
-
surtax
-
-
-
-
payroll
647
590
1 876
-
other
1 025
934
2 929
-
total
6 209
5 662
16 951
-
Corporate
51 712
54 166
60 674
-
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.

12 928
13 542
15 168
-
total
12 928
13 542
15 168
-
Dividends
38 784
40 624
-
-
withholding
10 665
11 172
-
-
total
10 665
11 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 631
35 390
58 544
38 620
After tax
43 869
44 110
20 956
40 880
Living cost
15 749
15 749
15 749
15 749
Free-cash
28 120
28 361
5 207
25 131

Estimated living cost  is ₴15749 per week

₴9447
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.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69246
₴57321
₴72426
₴68069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
79 500
microenterprise

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

-
-
-
795
total
-
-
-
795
Employee
7 849
-
79 500
-
income
1 570
-
15 900
-
total
1 570
-
15 900
-
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%.

71 651
79 500
-
-
total
-
-
-
-
Dividends
71 651
79 500
-
-
withholding
3 582
3 975
-
-
total
3 582
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
5 152
3 975
15 900
795
After tax
74 348
75 525
63 600
78 705
Living cost
6 279
6 279
6 279
6 279
Free-cash
68 069
69 246
57 321
72 426

Estimated living cost  is ₴6279 per week

₴4249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴264
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.
₴1556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41496
₴23862
₴25966
₴37366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income
-
-
-
17 833
unemployment
-
-
-
119
health
-
-
-
7 823
pensions
-
-
-
14 519
total
-
-
-
40 294
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.

21 829
-
68 790
-
unemployment
31
-
96
-
pensions
3 384
-
10 662
-
income
3 764
-
16 487
-
health
1 410
-
4 443
-
total
8 589
-
31 688
-
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.

21 829
-
68 790
-
health
1 454
-
4 581
-
pensions
1 932
-
6 088
-
unemployment
13
-
41
-
total
3 399
-
10 710
-
Corporate
54 273
79 500
-
-
income
10 312
15 105
-
-
total
10 312
15 105
-
-
Dividends
43 961
64 395
-
-
withholding
6 594
9 659
-
-
total
6 594
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 894
24 764
42 398
40 294
After tax
50 606
54 736
37 102
39 206
Living cost
13 240
13 240
13 240
13 240
Free-cash
37 366
41 496
23 862
25 966

Estimated living cost  is ₴13240 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27078
₴51719
₴33651
₴3608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
15 496
social contributions
-
-
-
9 063
total
-
-
-
24 559
Employee
30 527
-
-
-
social contributions
2 503
-
357
-
income
6 734
-
-
-
total
9 237
-
357
-
Employer
30 527
-
-
-
social contributions
43 044
-
6 134
-
total
43 044
-
6 134
-
Corporate
5 929
79 500
-
-
income
1 304
17 490
-
-
total
1 304
17 490
-
-
Dividends
4 624
62 010
-
-
income
1 017
13 642
-
-
total
1 017
13 642
-
-
Income
79 500
79 500
79 500
79 500
Total tax
54 602
31 132
6 491
24 559
After tax
24 898
48 368
73 009
54 941
Living cost
21 290
21 290
21 290
21 290
Free-cash
3 608
27 078
51 719
33 651

Estimated living cost  is ₴21290 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2002
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.
₴5203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29736
₴21544
₴27368
₴29240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income
-
-
-
9 022
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 648
Employee
22 703
-
64 242
-
surtax
-
-
-
-
social contributions
2 497
-
7 067
-
income
4 722
-
20 148
-
total
7 219
-
27 215
-
Employer
22 703
-
64 242
-
social contributions
5 392
-
15 257
-
total
5 392
-
15 257
-
Corporate
51 405
79 500
-
-
income
10 795
16 695
-
-
surtax
-
-
-
-
total
10 795
16 695
-
-
Dividends
40 609
62 805
-
-
withholding
11 370
17 585
-
-
total
11 370
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 776
34 280
42 472
36 648
After tax
44 724
45 220
37 028
42 852
Living cost
15 484
15 484
15 484
15 484
Free-cash
29 240
29 736
21 544
27 368

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16226
₴20676
₴21080
₴19617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 834
other
-
-
-
2 465
surtax
-
-
-
-
social contributions
-
-
-
2 265
health
-
-
-
3 129
pensions
-
-
-
14 885
total
-
-
-
34 578
Employee
30 917
-
62 018
-
pensions
3 497
-
4 109
-
surtax
-
-
-
-
social contributions
881
-
1 767
-
income
2 698
-
11 624
-
total
7 076
-
17 500
-
Employer
30 917
-
62 018
-
health
2 164
-
5 498
-
pensions
5 080
-
6 954
-
unemployment
1 252
-
2 511
-
social contributions
93
-
186
-
other
1 067
-
2 333
-
total
9 656
-
17 482
-
Corporate
38 926
79 500
-
-
income
10 899
22 260
-
-
surtax
-
-
-
-
total
10 899
22 260
-
-
Dividends
28 027
57 240
-
-
surtax
-
-
-
-
social contributions
4 822
9 846
-
-
withholding
3 588
7 326
-
-
total
8 410
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 041
39 432
34 982
34 578
After tax
43 459
40 068
44 518
44 922
Living cost
23 842
23 842
23 842
23 842
Free-cash
19 617
16 226
20 676
21 080

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56712
₴46081
₴43968
₴55054
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
3 204
social contributions
-
-
-
17 490
total
-
-
-
20 694
Employee
15 870
-
68 831
-
income
-
-
3 438
-
social contributions
1 031
-
4 474
-
total
1 031
-
7 912
-
Employer
15 870
-
68 831
-
social contributions
2 460
-
10 669
-
total
2 460
-
10 669
-
Corporate
61 170
79 500
-
-
income
6 117
7 950
-
-
total
6 117
7 950
-
-
Dividends
55 053
71 550
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
9 608
7 950
18 581
20 694
After tax
69 892
71 550
60 919
58 806
Living cost
14 838
14 838
14 838
14 838
Free-cash
55 054
56 712
46 081
43 968

Estimated living cost  is ₴14838 per week

₴9594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1118
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27944
-₴27944
₴23563
-₴27944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
labour market
-
-
-
6 326
municipal
-
-
-
16 342
national
-
-
-
9 092
pensions
-
-
-
427
total
-
-
-
32 187
Employee
100 242
100 242
100 242
-
municipal
21 346
21 346
21 346
-
labour market
8 008
8 008
8 008
-
pensions
142
142
142
-
national
12 246
12 246
12 246
-
total
41 742
41 742
41 742
-
Employer
100 242
100 242
100 242
-
national
12 268
12 268
12 268
-
labour market
8 019
8 019
8 019
-
pensions
285
285
285
-
municipal
21 380
21 380
21 380
-
total
41 952
41 952
41 952
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
83 694
83 694
83 694
32 187
After tax
-4 194
-4 194
-4 194
47 313
Living cost
23 750
23 750
23 750
23 750
Free-cash
-27 944
-27 944
-27 944
23 563

Estimated living cost  is ₴23750 per week

₴16255
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4411
₴32027
₴43527
₴4776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
126
income
-
-
-
21 636
other
-
-
-
186
health
-
-
-
1 092
pensions
-
-
-
2 083
total
-
-
-
25 123
Employee
17 067
-
71 058
-
pensions
1 922
-
3 819
-
income
2 341
-
16 225
-
health
1 954
-
8 136
-
total
6 217
-
28 180
-
Employer
17 067
-
71 058
-
pensions
2 775
-
5 515
-
accident
285
-
1 187
-
unemployment
418
-
1 741
-
total
3 478
-
8 443
-
Corporate
58 955
79 500
-
-
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.

53 059
71 550
-
-
total
53 059
71 550
-
-
Dividends
5 895
7 950
-
-
withholding
1 120
1 511
-
-
total
1 120
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 874
73 061
36 623
25 123
After tax
15 626
6 439
42 877
54 377
Living cost
10 850
10 850
10 850
10 850
Free-cash
4 776
-4 411
32 027
43 527

Estimated living cost  is ₴10850 per week

₴7897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31327
₴23227
₴33408
₴32387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
79 500
health
-
-
-
1 018
municipal
-
-
-
14 126
national
-
-
-
11 996
total
-
-
-
27 140
Employee
25 971
-
66 880
-
municipal
4 254
-
10 896
-
unemployment
390
-
1 003
-
pensions
1 753
-
4 514
-
national
429
-
7 463
-
health
194
-
824
-
total
7 020
-
24 700
-
Employer
25 971
-
66 880
-
health
200
-
515
-
pensions
4 506
-
11 604
-
accident
26
-
67
-
unemployment
169
-
435
-
total
4 901
-
12 621
-
Corporate
48 629
79 500
-
-
income
9 726
15 900
-
-
total
9 726
15 900
-
-
Dividends

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

29 177
47 700
-
-
municipal
5 252
8 586
-
-
national
1 262
4 735
-
-
total
6 514
13 321
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 161
29 221
37 321
27 140
After tax
51 339
50 279
42 179
52 360
Living cost
18 952
18 952
18 952
18 952
Free-cash
32 387
31 327
23 227
33 408

Estimated living cost  is ₴18952 per week

₴12379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46591
₴42563
₴43282
₴43905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
14 775
social contributions
-
-
-
7 987
health
-
-
-
2 027
total
-
-
-
24 789
Employee
37 958
37 958
73 884
-
social contributions
1 435
3 150
4 249
-
income
4 133
3 514
14 387
-
health
294
645
1 256
-
total
5 862
7 309
19 892
-
Employer
37 958
37 958
73 884
-
health
319
703
1 367
-
social contributions
1 435
3 150
4 249
-
total
1 754
3 853
5 616
-
Corporate
60 454
37 689
-
-
income
7 557
4 711
-
-
total
7 557
4 711
-
-
Dividends
52 897
32 978
-
-
withholding
8 993
5 607
-
-
total
8 993
5 607
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 166
21 480
25 508
24 789
After tax
55 334
58 020
53 992
54 711
Living cost
11 429
11 429
11 429
11 429
Free-cash
43 905
46 591
42 563
43 282

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57997
₴48795
₴58696
₴55486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
79 500
income
-
-
-
8 027
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
12 967
Employee

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

11 331
-
74 676
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
6 803
-
health
963
-
3 981
-
total
3 493
-
18 044
-
Employer

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

11 331
-
74 676
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
67 003
79 500
-
-
income
6 030
7 155
-
-
total
6 030
7 155
-
-
Dividends
60 973
72 345
-
-
withholding
5 488
6 511
-
-
total
5 488
6 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
16 177
13 666
22 868
12 967
After tax
63 323
65 834
56 632
66 533
Living cost
7 837
7 837
7 837
7 837
Free-cash
55 486
57 997
48 795
58 696

Estimated living cost  is ₴7837 per week

₴5000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39508
₴29054
₴31125
₴37328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
412
income
-
-
-
21 075
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
34 801
Employee
18 253
-
64 914
-
other
18
-
46
-
unemployment
283
-
709
-
pensions
858
-
2 151
-
income
3 519
-
19 380
-
total
4 678
-
22 286
-
Employer
18 253
-
64 914
-
pensions
4 307
-
10 798
-
accident
362
-
906
-
unemployment
1 004
-
2 516
-
other
146
-
366
-
total
5 819
-
14 586
-
Corporate
55 428
79 500
-
-
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.

8 314
11 925
-
-
total
8 314
11 925
-
-
Dividends
47 114
67 575
-
-
withholding
9 787
14 493
-
-
total
9 787
14 493
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 598
26 418
36 872
34 801
After tax
50 902
53 082
42 628
44 699
Living cost
13 574
13 574
13 574
13 574
Free-cash
37 328
39 508
29 054
31 125

Estimated living cost  is ₴13574 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
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.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48651
₴50087
₴50156
₴48494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
27 183
health
-
-
-
506
pensions
-
-
-
698
total
-
-
-
28 387
Employee
1 458
-
78 714
-
unemployment
15
-
35
-
pensions
131
-
314
-
income
282
-
27 146
-
health
73
-
175
-
total
501
-
27 670
-
Employer
1 458
-
78 714
-
health
139
-
332
-
pensions
160
-
384
-
unemployment
29
-
70
-
total
328
-
786
-
Corporate
77 714
79 500
-
-
income
17 097
17 490
-
-
total
17 097
17 490
-
-
Dividends
60 617
62 010
-
-
withholding
12 123
12 402
-
-
total
12 123
12 402
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 049
29 892
28 456
28 387
After tax
49 451
49 608
51 044
51 113
Living cost
957
957
957
957
Free-cash
48 494
48 651
50 087
50 156

Estimated living cost  is ₴957 per week

₴569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48901
₴39357
₴39357
₴46470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income
-
-
-
17 813
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 487
total
-
-
-
31 605
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.

12 875
-
72 969
-
unemployment
97
-
274
-
pensions
1 803
-
5 108
-
income
1 775
-
17 813
-
health
663
-
1 879
-
total
4 338
-
25 074
-
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.

12 875
-
72 969
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
64 320
79 500
-
-
income
9 648
11 925
-
-
total
9 648
11 925
-
-
Dividends
54 672
67 575
-
-
withholding
8 201
10 136
-
-
total
8 201
10 136
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 492
22 061
31 605
31 605
After tax
55 008
57 439
47 895
47 895
Living cost
8 538
8 538
8 538
8 538
Free-cash
46 470
48 901
39 357
39 357

Estimated living cost  is ₴8538 per week

₴5749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31912
₴23720
₴29544
₴31733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income
-
-
-
9 022
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 648
Employee
19 159
-
64 242
-
surtax
-
-
-
-
social contributions
2 108
-
7 067
-
income
3 744
-
20 148
-
total
5 852
-
27 215
-
Employer
19 159
-
64 242
-
social contributions
4 550
-
15 257
-
total
4 550
-
15 257
-
Corporate
55 791
79 500
-
-
income
11 716
16 695
-
-
surtax
-
-
-
-
total
11 716
16 695
-
-
Dividends
44 075
62 805
-
-
withholding
12 341
17 585
-
-
total
12 341
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 459
34 280
42 472
36 648
After tax
45 041
45 220
37 028
42 852
Living cost
13 308
13 308
13 308
13 308
Free-cash
31 733
31 912
23 720
29 544

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35733
₴25279
₴27350
₴32386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
412
income
-
-
-
21 075
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
34 801
Employee
23 840
-
64 914
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
19 380
-
total
6 491
-
22 286
-
Employer
23 840
-
64 914
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 311
-
2 516
-
other
191
-
366
-
total
7 600
-
14 586
-
Corporate
48 059
79 500
-
-
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.

7 208
11 925
-
-
total
7 208
11 925
-
-
Dividends
40 850
67 575
-
-
withholding
8 466
14 493
-
-
total
8 466
14 493
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 765
26 418
36 872
34 801
After tax
49 735
53 082
42 628
44 699
Living cost
17 349
17 349
17 349
17 349
Free-cash
32 386
35 733
25 279
27 350

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3296
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴59483
₴57522
₴54484
₴56475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
unemployment
-
-
-
69
health
-
-
-
1 982
pensions

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

-
-
-
2 551
total
-
-
-
16 527
Employee
11 240
-
76 118
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

987
-
1 513
-
income
1 124
-
7 612
-
health
517
-
793
-
total
2 752
-
10 108
-
Employer
11 240
-
76 118
-
health
776
-
1 189
-
pensions

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

1 239
-
1 899
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
103
-
total
2 207
-
3 381
-
Corporate
66 054
79 500
-
-
income
6 605
7 950
-
-
total
6 605
7 950
-
-
Dividends
59 449
71 550
-
-
withholding
2 972
3 578
-
-
total
2 972
3 578
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 536
11 528
13 489
16 527
After tax
64 964
67 972
66 011
62 973
Living cost
8 489
8 489
8 489
8 489
Free-cash
56 475
59 483
57 522
54 484

Estimated living cost  is ₴8489 per week

₴5614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
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.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21870
₴32016
₴23901
₴28326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income

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

-
-
-
23 748
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.

-
-
-
1 306
health

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

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

-
-
-
3 372
trade
-
-
-
8 115
total
-
-
-
36 541
Employee

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

24 561
-
79 500
-
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.

111
-
1 306
-
income

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

2 020
-
23 748
-
health

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

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

3 372
-
3 372
-
total
5 503
-
28 426
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 939
79 500
-
-
income
8 241
11 925
-
-
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.

453
656
-
-
chamber of commerce
156
191
-
-
trade
7 884
11 408
-
-
total
16 734
24 180
-
-
Dividends
38 205
55 320
-
-
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.

515
750
-
-
withholding
9 364
13 642
-
-
total
9 879
14 392
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 116
38 572
28 426
36 541
After tax
47 384
40 928
51 074
42 959
Living cost
19 058
19 058
19 058
19 058
Free-cash
28 326
21 870
32 016
23 901

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
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.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27530
₴14648
₴14648
₴28620
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
23 641
social contributions
-
-
-
13 091
total
-
-
-
36 732
Employee
38 613
-
79 500
-
income
7 286
-
23 641
-
social contributions
3 208
-
13 091
-
total
10 494
-
36 732
-
Employer
38 613
-
79 500
-
total
-
-
-
-
Corporate
40 887
79 500
-
-
income
5 111
9 937
-
-
total
5 111
9 937
-
-
Dividends
35 776
69 563
-
-
withholding
7 155
13 913
-
-
total
7 155
13 913
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 760
23 850
36 732
36 732
After tax
56 740
55 650
42 768
42 768
Living cost
28 120
28 120
28 120
28 120
Free-cash
28 620
27 530
14 648
14 648

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31148
₴39062
₴44516
₴32873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income
-
-
-
14 051
health

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

-
-
-
3 014
total
-
-
-
17 065
Employee
22 645
-
77 229
-
income
2 457
-
17 977
-
social contributions
2 269
-
2 271
-
total
4 726
-
20 248
-
Employer
22 645
-
77 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
54 586
79 500
-
-
income
19 105
27 825
-
-
total
19 105
27 825
-
-
Dividends
35 481
51 675
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 708
30 433
22 519
17 065
After tax
50 792
49 067
56 981
62 435
Living cost
17 919
17 919
17 919
17 919
Free-cash
32 873
31 148
39 062
44 516

Estimated living cost  is ₴17919 per week

₴11803
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34596
₴27826
₴35059
₴37490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
22 021
pensions
-
-
-
4 265
total
-
-
-
26 286
Employee
24 920
-
69 509
-
pensions
1 902
-
5 295
-
income
4 538
-
17 199
-
health
325
-
1 034
-
total
6 765
-
23 528
-
Employer
24 920
-
69 509
-
health
474
-
1 321
-
pensions
2 518
-
8 670
-
total
2 992
-
9 991
-
Corporate
51 589
79 500
-
-
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.

9 802
15 105
-
-
total
9 802
15 105
-
-
Dividends
41 787
64 395
-
-
withholding
4 296
11 644
-
-
total
4 296
11 644
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 855
26 749
33 519
26 286
After tax
55 645
52 751
45 981
53 214
Living cost
18 155
18 155
18 155
18 155
Free-cash
37 490
34 596
27 826
35 059

Estimated living cost  is ₴18155 per week

₴12454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5485
₴30953
₴42453
₴4611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
126
income
-
-
-
21 636
other
-
-
-
186
health
-
-
-
1 092
pensions
-
-
-
2 083
total
-
-
-
25 123
Employee
18 757
-
71 058
-
pensions
2 112
-
3 819
-
income
2 573
-
16 225
-
health
2 148
-
8 136
-
total
6 833
-
28 180
-
Employer
18 757
-
71 058
-
pensions
3 050
-
5 515
-
accident
313
-
1 187
-
unemployment
459
-
1 741
-
total
3 822
-
8 443
-
Corporate
56 921
79 500
-
-
income

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

51 229
71 550
-
-
total
51 229
71 550
-
-
Dividends
5 692
7 950
-
-
withholding
1 081
1 511
-
-
total
1 081
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
62 965
73 061
36 623
25 123
After tax
16 535
6 439
42 877
54 377
Living cost
11 924
11 924
11 924
11 924
Free-cash
4 611
-5 485
30 953
42 453

Estimated living cost  is ₴11924 per week

₴8751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴695
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴60241
₴49006
₴38168
₴57936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
79 500
income
-
-
-
12 997
unemployment
-
-
-
946
work injury
-
-
-
394
health insurance
-
-
-
5 833
pensions
-
-
-
14 504
total
-
-
-
34 674
Employee

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

10 653
-
79 500
-
health insurance
788
-
2 917
-
unemployment
128
-
473
-
work injury
53
-
197
-
pensions
1 960
-
7 252
-
income
1 065
-
12 997
-
total
3 994
-
23 836
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 847
79 500
-
-
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%.

688
795
-
-
total
688
795
-
-
Dividends
68 159
78 705
-
-
withholding
10 224
11 806
-
-
total
10 224
11 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 906
12 601
23 836
34 674
After tax
64 594
66 899
55 664
44 826
Living cost
6 658
6 658
6 658
6 658
Free-cash
57 936
60 241
49 006
38 168

Estimated living cost  is ₴6658 per week

₴4125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
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.
₴1842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22210
₴14336
₴17824
₴19965
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 448
regional
-
-
-
1 813
municipal
-
-
-
531
national
-
-
-
19 219
total
-
-
-
42 011
Employee
41 597
-
79 500
-
municipal
248
-
474
-
national
7 029
-
16 611
-
regional
628
-
1 607
-
social contributions
14 026
-
26 807
-
total
21 931
-
45 499
-
Employer
41 597
-
79 500
-
total
-
-
-
-
Corporate
37 903
79 500
-
-
municipal
1 827
3 832
-
-
nationa
9 097
19 080
-
-
total
10 924
22 912
-
-
Dividends
26 980
56 588
-
-
withholding
7 015
14 713
-
-
total
7 015
14 713
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 870
37 625
45 499
42 011
After tax
39 630
41 875
34 001
37 489
Living cost
19 665
19 665
19 665
19 665
Free-cash
19 965
22 210
14 336
17 824

Estimated living cost  is ₴19665 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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