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
₴24274
₴30059
₴26945
₴35636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 691
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.

-
-
-
23 174
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.

-
-
-
3 573
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.

-
-
-
1 274
total
-
-
-
36 712
Employee

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

20 005
-
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.

559
-
23 174
-
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.

31
-
1 274
-
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.

3 573
-
3 573
-
total
4 163
-
28 021
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 495
79 500
-
-
income
8 924
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.

491
656
-
-
trade
9 371
12 521
-
-
chamber of commerce
165
194
-
-
total
18 951
25 296
-
-
Dividends
40 543
54 204
-
-
surtax

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

547
735
-
-
withholding
9 937
13 352
-
-
total
10 484
14 087
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 598
39 383
28 021
36 712
After tax
45 902
40 117
51 479
42 788
Living cost
15 843
15 843
15 843
15 843
Free-cash
30 059
24 274
35 636
26 945

Estimated living cost  is ₴15843 per week

₴9965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1847
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21203
₴20731
₴18842
₴19466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 573
national
-
-
-
13 285
pensions
-
-
-
9 540
social contributions
-
-
-
855
total
-
-
-
32 253
Employee
44 033
-
68 727
-
national
8 428
-
13 762
-
pensions
1 761
-
2 749
-
municipal
5 439
-
8 881
-
total
15 628
-
25 392
-
Employer
44 033
-
68 727
-
social contributions
473
-
739
-
pensions
3 523
-
5 498
-
total
3 996
-
6 237
-
Corporate
28 564
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%.

5 713
15 900
-
-
total
5 713
15 900
-
-
Dividends
22 852
63 600
-
-
withholding
5 027
13 992
-
-
total
5 027
13 992
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 364
29 892
31 629
32 253
After tax
49 136
49 608
47 871
47 247
Living cost
28 405
28 405
28 405
28 405
Free-cash
20 731
21 203
19 466
18 842

Estimated living cost  is ₴28405 per week

₴19307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴425
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52719
₴48429
₴15226
₴37402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
13 080
surtax
-
-
-
20 272
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.

-
-
-
20 040
total
-
-
-
53 392
Employee
15 284
-
57 255
-
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.

1 681
-
6 298
-
income
2 721
-
11 125
-
surtax
-
-
-
-
total
4 402
-
17 423
-
Employer
15 284
-
57 255
-
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.

3 681
-
13 793
-
surtax
-
-
-
-
total
3 681
-
13 793
-
Corporate
60 535
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%.

12 107
15 900
-
-
total
12 107
15 900
-
-
Dividends

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

48 428
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
20 190
15 900
31 216
53 392
After tax
59 310
63 600
48 284
26 108
Living cost
10 882
10 882
10 882
10 882
Free-cash
48 429
52 719
37 402
15 226

Estimated living cost  is ₴10882 per week

₴6942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1036
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.
₴2656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17260
₴14056
₴22858
₴26388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 153
health
-
-
-
6 450
pensions
-
-
-
6 128
total
-
-
-
34 731
Employee
44 666
44 666
69 780
-
pensions
8 040
6 128
6 128
-
income

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

7 311
7 311
8 903
-
health
6 856
5 831
6 450
-
total
22 207
19 270
21 481
-
Employer
44 666
44 666
69 780
-
health
3 105
3 105
3 858
-
pensions
3 109
3 109
3 864
-
unemployment
1 608
1 608
1 998
-
total
7 822
7 822
9 720
-
Corporate
27 561
27 013
-
-
income
5 512
5 403
-
-
total
5 512
5 403
-
-
Dividends
22 049
21 610
-
-
income
4 685
4 592
-
-
withholding
3 307
3 242
-
-
total
7 992
7 834
-
-
Income
79 500
79 500
79 500
79 500
Total tax
43 533
40 329
31 201
34 731
After tax
35 967
39 171
48 299
44 769
Living cost
21 911
21 911
21 911
21 911
Free-cash
14 056
17 260
26 388
22 858

Estimated living cost  is ₴21911 per week

₴15528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴348
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22488
₴22018
₴20696
₴20189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
19 746
national
-
-
-
4 856
unemployment
-
-
-
46
accident
-
-
-
92
health
-
-
-
2 861
pensions
-
-
-
4 956
other
-
-
-
5 328
total
-
-
-
37 885
Employee
29 808
-
65 095
-
national
-
-
4 575
-
municipal
8 889
-
19 411
-
total
8 889
-
23 986
-
Employer
29 808
-
65 095
-
health
1 833
-
2 820
-
pensions
3 222
-
4 956
-
accident
60
-
92
-
other
3 464
-
5 328
-
unemployment
787
-
1 210
-
total
9 366
-
14 406
-
Corporate
40 326
79 500
-
-
income
8 872
17 490
-
-
total
8 872
17 490
-
-
Dividends
31 455
62 010
-
-
withholding
9 436
18 603
-
-
total
9 436
18 603
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 563
36 093
38 392
37 885
After tax
42 937
43 407
41 108
41 615
Living cost
20 919
20 919
20 919
20 919
Free-cash
22 018
22 488
20 189
20 696

Estimated living cost  is ₴20919 per week

₴13864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19161
₴26510
₴21855
₴30932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 077
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.

-
-
-
23 174
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.

-
-
-
3 573
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.

-
-
-
1 274
total
-
-
-
37 098
Employee

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

26 525
-
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.

2 279
-
23 174
-
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.

125
-
1 274
-
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.

3 573
-
3 573
-
total
5 977
-
28 021
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 975
79 500
-
-
income
7 947
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.

437
656
-
-
trade
8 715
13 078
-
-
chamber of commerce
155
193
-
-
total
17 254
25 852
-
-
Dividends
35 723
53 648
-
-
surtax

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

480
727
-
-
withholding
8 732
13 213
-
-
total
9 212
13 940
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 443
39 792
28 021
37 098
After tax
47 057
39 708
51 479
42 402
Living cost
20 547
20 547
20 547
20 547
Free-cash
26 510
19 161
30 932
21 855

Estimated living cost  is ₴20547 per week

₴13742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41072
₴38904
₴38006
₴37273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 039
health
-
-
-
2 027
social contributions
-
-
-
8 463
total
-
-
-
24 529
Employee
40 219
40 219
73 636
-
social contributions
1 954
3 338
4 502
-
income
4 223
3 723
13 644
-
health
400
684
1 252
-
total
6 577
7 745
19 398
-
Employer
40 219
40 219
73 636
-
social contributions
1 954
3 338
4 502
-
health
436
744
1 362
-
total
2 390
4 082
5 864
-
Corporate
53 567
35 198
-
-
income
6 696
4 400
-
-
total
6 696
4 400
-
-
Dividends
46 871
30 798
-
-
withholding
7 968
5 236
-
-
total
7 968
5 236
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 631
21 463
25 262
24 529
After tax
55 869
58 037
54 238
54 971
Living cost
16 965
16 965
16 965
16 965
Free-cash
38 904
41 072
37 273
38 006

Estimated living cost  is ₴16965 per week

₴11597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34413
₴34626
₴44785
₴35798
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 193
income
-
-
-
9 719
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.

14 851
5 910
66 527
-
pensions
1 485
591
6 653
-
unemployment
223
89
998
-
income
1 816
723
8 133
-
health
1 040
414
4 657
-
total
4 564
1 817
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.

14 851
5 910
66 527
-
pensions
2 896
1 153
12 973
-
total
2 896
1 153
12 973
-
Corporate
61 753
72 437
-
-
income
5 558
6 519
-
-
total
5 558
6 519
-
-
Dividends
56 195
65 918
-
-
social contributions
10 891
12 786
-
-
withholding
10 677
12 524
-
-
total
21 568
25 310
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 586
34 799
33 414
24 427
After tax
44 914
44 701
46 086
55 073
Living cost
10 288
10 288
10 288
10 288
Free-cash
34 626
34 413
35 798
44 785

Estimated living cost  is ₴10288 per week

₴7021
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50967
₴47717
₴29979
₴33191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 900
total
-
-
-
36 888
Employee
14 838
-
59 417
-
pensions
297
-
1 188
-
unemployment
237
-
951
-
income
1 670
-
11 455
-
total
2 204
-
13 594
-
Employer
14 838
-
59 417
-
health
1 929
-
7 724
-
pensions
2 968
-
11 883
-
unemployment
119
-
475
-
total
5 016
-
20 082
-
Corporate
59 647
79 500
-
-
income
11 930
15 900
-
-
total
11 930
15 900
-
-
Dividends
47 717
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
19 150
15 900
33 676
36 888
After tax
60 350
63 600
45 824
42 612
Living cost
12 633
12 633
12 633
12 633
Free-cash
47 717
50 967
33 191
29 979

Estimated living cost  is ₴12633 per week

₴8665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5018
₴4680
₴42932
₴31294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
income
-
-
-
21 482
health
-
-
-
1 136
pensions
-
-
-
2 167
other
-
-
-
193
total
-
-
-
25 110
Employee
18 024
-
70 843
-
pensions
2 030
-
3 973
-
income
2 473
-
16 006
-
health
2 064
-
8 112
-
total
6 567
-
28 091
-
Employer
18 024
-
70 843
-
pensions
2 931
-
5 738
-
accident
301
-
1 183
-
unemployment
442
-
1 736
-
total
3 674
-
8 657
-
Corporate
57 803
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.

52 023
71 550
-
-
total
52 023
71 550
-
-
Dividends
5 780
7 950
-
-
withholding
1 098
1 510
-
-
total
1 098
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 362
73 060
36 748
25 110
After tax
16 138
6 440
42 752
54 390
Living cost
11 458
11 458
11 458
11 458
Free-cash
4 680
-5 018
31 294
42 932

Estimated living cost  is ₴11458 per week

₴8398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71055
₴70217
₴74235
₴59130
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 587
-
79 500
-
income
1 117
-
15 900
-
total
1 117
-
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%.

73 913
79 500
-
-
total
-
-
-
-
Dividends
73 913
79 500
-
-
withholding
3 696
3 975
-
-
total
3 696
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
4 813
3 975
15 900
795
After tax
74 687
75 525
63 600
78 705
Living cost
4 470
4 470
4 470
4 470
Free-cash
70 217
71 055
59 130
74 235

Estimated living cost  is ₴4470 per week

₴2770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44472
₴40938
₴28135
₴31424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 073
health
-
-
-
3 498
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.

-
-
-
19 080
other
-
-
-
3 777
total
-
-
-
37 428
Employee
18 991
-
63 498
-
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.

1 329
-
4 445
-
unemployment
190
-
635
-
income
3 270
-
12 169
-
health
266
-
889
-
total
5 055
-
18 138
-
Employer
18 991
-
63 498
-
health
266
-
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.

3 229
-
10 794
-
accident
152
-
508
-
other
950
-
3 175
-
unemployment
190
-
635
-
total
4 787
-
16 001
-
Corporate
55 723
79 500
-
-
income
11 701
16 695
-
-
total
11 701
16 695
-
-
Dividends
44 021
62 805
-
-
withholding
3 082
4 396
-
-
total
3 082
4 396
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 625
21 091
34 139
37 428
After tax
54 875
58 409
45 361
42 072
Living cost
13 937
13 937
13 937
13 937
Free-cash
40 938
44 472
31 424
28 135

Estimated living cost  is ₴13937 per week

₴9847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴941
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18295
₴17185
₴18545
₴11276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 329
pensions
-
-
-
4 468
total
-
-
-
25 797
Employee
49 743
-
69 569
-
pensions
4 799
-
5 591
-
income
8 967
-
16 484
-
health
820
-
1 060
-
total
14 586
-
23 135
-
Employer
49 743
-
69 569
-
health
945
-
1 322
-
pensions
5 873
-
8 609
-
total
6 818
-
9 931
-
Corporate
22 939
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.

4 359
15 105
-
-
total
4 359
15 105
-
-
Dividends
18 580
64 395
-
-
withholding
1 394
10 942
-
-
total
1 394
10 942
-
-
Income
79 500
79 500
79 500
79 500
Total tax
27 157
26 047
33 066
25 797
After tax
52 343
53 453
46 434
53 703
Living cost
35 158
35 158
35 158
35 158
Free-cash
17 185
18 295
11 276
18 545

Estimated living cost  is ₴35158 per week

₴26344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4131
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.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61117
₴58688
₴55844
₴58825
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
73
income
-
-
-
11 925
health
-
-
-
2 100
pensions

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

-
-
-
2 703
total
-
-
-
16 801
Employee
9 077
-
75 917
-
pensions

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

797
-
1 604
-
income
908
-
7 592
-
health
418
-
840
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
total
2 223
-
10 237
-
Employer
9 077
-
75 917
-
health
627
-
1 260
-
pensions

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

1 000
-
2 012
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
unemployment
54
-
110
-
total
1 781
-
3 583
-
Corporate
68 642
79 500
-
-
income
6 864
7 950
-
-
total
6 864
7 950
-
-
Dividends
61 777
71 550
-
-
withholding
3 089
3 578
-
-
total
3 089
3 578
-
-
Income
79 500
79 500
79 500
79 500
Total tax
13 957
11 528
13 820
16 801
After tax
65 543
67 972
65 680
62 699
Living cost
6 855
6 855
6 855
6 855
Free-cash
58 688
61 117
58 825
55 844

Estimated living cost  is ₴6855 per week

₴4002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10168
₴11484
₴15766
₴19296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 153
health
-
-
-
6 450
pensions
-
-
-
6 128
total
-
-
-
34 731
Employee
48 493
44 666
69 780
-
pensions
6 128
6 128
6 128
-
income

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

7 311
7 311
8 903
-
health
6 050
5 831
6 450
-
total
19 489
19 270
21 481
-
Employer
48 493
44 666
69 780
-
health
3 370
3 105
3 858
-
pensions
3 375
3 109
3 864
-
unemployment
1 746
1 608
1 998
-
total
8 491
7 822
9 720
-
Corporate
22 517
27 013
-
-
income
4 503
5 403
-
-
total
4 503
5 403
-
-
Dividends
18 014
21 610
-
-
income
3 828
4 592
-
-
withholding
2 702
3 242
-
-
total
6 530
7 834
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 013
40 329
31 201
34 731
After tax
40 487
39 171
48 299
44 769
Living cost
29 003
29 003
29 003
29 003
Free-cash
11 484
10 168
19 296
15 766

Estimated living cost  is ₴29003 per week

₴21395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4686
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41702
₴37051
₴29477
₴27310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
7 502
health
-
-
-
10 732
social contributions
-
-
-
18 755
total
-
-
-
36 989
Employee
19 168
-
59 328
-
social contributions
1 246
-
3 856
-
income
2 300
-
7 119
-
solidarity contribution
-
-
-
-
health
2 588
-
8 009
-
total
6 134
-
18 984
-
Employer
19 168
-
59 328
-
social contributions
4 792
-
14 832
-
health
1 725
-
5 340
-
total
6 517
-
20 172
-
Corporate
53 815
79 500
-
-
income
10 225
15 105
-
-
total
10 225
15 105
-
-
Dividends
43 590
64 395
-
-
withholding
6 539
9 659
-
-
total
6 539
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 415
24 764
39 156
36 989
After tax
50 085
54 736
40 344
42 511
Living cost
13 034
13 034
13 034
13 034
Free-cash
37 051
41 702
27 310
29 477

Estimated living cost  is ₴13034 per week

₴9054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20346
₴17614
₴16664
₴13015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
472
national
-
-
-
18 921
regional
-
-
-
925
social contributions
-
-
-
20 447
total
-
-
-
40 765
Employee
46 485
-
79 500
-
national
8 055
-
16 370
-
social contributions
15 675
-
26 807
-
municipal
246
-
422
-
regional
439
-
815
-
total
24 415
-
44 414
-
Employer
46 485
-
79 500
-
total
-
-
-
-
Corporate
33 015
79 500
-
-
municipal
1 287
3 101
-
-
nationa
7 924
19 080
-
-
total
9 211
22 181
-
-
Dividends
23 804
57 319
-
-
withholding
6 189
14 902
-
-
total
6 189
14 902
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 815
37 083
44 414
40 765
After tax
39 685
42 417
35 086
38 735
Living cost
22 071
22 071
22 071
22 071
Free-cash
17 614
20 346
13 015
16 664

Estimated living cost  is ₴22071 per week

₴15385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1447
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38464
₴36836
₴26185
₴23614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
119
income
-
-
-
19 863
health
-
-
-
4 956
surtax
-
-
-
2 873
pensions
-
-
-
13 962
other
-
-
-
-
total
-
-
-
41 773
Employee
17 297
-
65 675
-
pensions
1 153
-
4 380
-
unemployment
1 204
-
4 571
-
income
2 899
-
17 427
-
other
-
-
-
-
surtax
57
-
2 468
-
health
442
-
1 675
-
total
5 755
-
30 521
-
Employer
17 297
-
65 675
-
health
787
-
2 988
-
pensions
2 306
-
8 754
-
other
-
-
-
-
unemployment
548
-
2 081
-
total
3 641
-
13 823
-
Corporate
58 563
79 500
-
-
income
15 226
20 670
-
-
total
15 226
20 670
-
-
Dividends
43 336
58 830
-
-
withholding
6 500
8 824
-
-
total
6 500
8 824
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 122
29 494
44 344
41 773
After tax
48 378
50 006
35 156
37 727
Living cost
11 542
11 542
11 542
11 542
Free-cash
36 836
38 464
23 614
26 185

Estimated living cost  is ₴11542 per week

₴7057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1065
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.
₴3153
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29434
₴31409
₴29684
₴22415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 329
pensions
-
-
-
4 468
total
-
-
-
25 797
Employee
33 337
-
69 569
-
pensions
2 830
-
5 591
-
income
6 004
-
16 484
-
health
484
-
1 060
-
total
9 318
-
23 135
-
Employer
33 337
-
69 569
-
health
633
-
1 322
-
pensions
3 609
-
8 609
-
total
4 242
-
9 931
-
Corporate
41 922
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.

7 965
15 105
-
-
total
7 965
15 105
-
-
Dividends
33 956
64 395
-
-
withholding
2 547
10 942
-
-
total
2 547
10 942
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 072
26 047
33 066
25 797
After tax
55 428
53 453
46 434
53 703
Living cost
24 019
24 019
24 019
24 019
Free-cash
31 409
29 434
22 415
29 684

Estimated living cost  is ₴24019 per week

₴17995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1800
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.
₴3972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4463
₴13001
₴24215
₴20354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
838
national
-
-
-
984
regional
-
-
-
3 564
health
-
-
-
179
pensions
-
-
-
7 314
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
total
-
-
-
14 469
Employee
47 765
-
71 156
-
national
226
-
799
-
city
513
-
764
-
pensions
4 013
-
5 977
-
unemployment
-
-
-
-
health
108
-
160
-
regional
1 564
-
3 069
-
total
6 424
-
10 769
-
Employer
47 765
-
71 156
-
health
108
-
160
-
pensions
4 013
-
5 977
-
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.

955
-
1 424
-
unemployment
-
-
-
-
total
5 076
-
7 561
-
Corporate
26 134
79 500
-
-
national
2 221
6 757
-
-
regional
5 528
16 815
-
-
total
7 749
23 572
-
-
Dividends
18 385
55 928
-
-
withholding
6 434
19 575
-
-
total
6 434
19 575
-
-
Income
79 500
79 500
79 500
79 500
Total tax
25 683
43 147
18 330
14 469
After tax
53 817
36 353
61 170
65 031
Living cost
40 816
40 816
40 816
40 816
Free-cash
13 001
-4 463
20 354
24 215

Estimated living cost  is ₴40816 per week

₴26542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3663
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴501
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15339
₴23822
₴18054
₴27518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 464
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.

-
-
-
23 174
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.

-
-
-
3 573
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.

-
-
-
1 274
total
-
-
-
37 485
Employee

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

31 434
-
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.

3 696
-
23 174
-
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.

203
-
1 274
-
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.

3 573
-
3 573
-
total
7 472
-
28 021
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 066
79 500
-
-
income
7 210
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.

397
656
-
-
trade
8 243
13 634
-
-
chamber of commerce
147
192
-
-
total
15 997
26 407
-
-
Dividends
32 069
53 094
-
-
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.

430
719
-
-
withholding
7 818
13 074
-
-
total
8 248
13 793
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 717
40 200
28 021
37 485
After tax
47 783
39 300
51 479
42 015
Living cost
23 961
23 961
23 961
23 961
Free-cash
23 822
15 339
27 518
18 054

Estimated living cost  is ₴23961 per week

₴17500
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴22175
₴25264
₴27110
₴27209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 418
health
-
-
-
2 968
surtax
-
-
-
-
pensions
-
-
-
15 379
other
-
-
-
2 465
social contributions
-
-
-
2 265
total
-
-
-
34 495
Employee
22 385
-
62 308
-
pensions
2 531
-
4 008
-
social contributions
638
-
1 775
-
income
1 321
-
11 423
-
surtax
-
-
-
-
total
4 490
-
17 206
-
Employer
22 385
-
62 308
-
social contributions
67
-
187
-
health
1 567
-
5 382
-
pensions
3 677
-
6 806
-
other
772
-
2 292
-
unemployment
906
-
2 523
-
total
6 989
-
17 190
-
Corporate
50 124
79 500
-
-
income
14 035
22 260
-
-
surtax
-
-
-
-
total
14 035
22 260
-
-
Dividends
36 089
57 240
-
-
social contributions
6 208
9 844
-
-
surtax
-
-
-
-
withholding
4 619
7 326
-
-
total
10 827
17 170
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 341
39 430
34 396
34 495
After tax
43 159
40 070
45 104
45 005
Living cost
17 895
17 895
17 895
17 895
Free-cash
25 264
22 175
27 209
27 110

Estimated living cost  is ₴17895 per week

₴11284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1455
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23948
₴26851
₴28883
₴28982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 418
health
-
-
-
2 968
surtax
-
-
-
-
pensions
-
-
-
15 379
other
-
-
-
2 465
social contributions
-
-
-
2 265
total
-
-
-
34 495
Employee
19 982
-
62 308
-
pensions
2 260
-
4 008
-
social contributions
570
-
1 775
-
income
1 030
-
11 423
-
surtax
-
-
-
-
total
3 860
-
17 206
-
Employer
19 982
-
62 308
-
social contributions
60
-
187
-
health
1 399
-
5 382
-
pensions
3 283
-
6 806
-
other
690
-
2 292
-
unemployment
809
-
2 523
-
total
6 241
-
17 190
-
Corporate
53 278
79 500
-
-
income
14 917
22 260
-
-
surtax
-
-
-
-
total
14 917
22 260
-
-
Dividends
38 360
57 240
-
-
social contributions
6 599
9 844
-
-
surtax
-
-
-
-
withholding
4 910
7 326
-
-
total
11 509
17 170
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 527
39 430
34 396
34 495
After tax
42 973
40 070
45 104
45 005
Living cost
16 122
16 122
16 122
16 122
Free-cash
26 851
23 948
28 982
28 883

Estimated living cost  is ₴16122 per week

₴9350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1638
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.
₴4829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37412
₴37683
₴39964
₴38696
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 549
social contributions
-
-
-
10 971
total
-
-
-
28 445
Employee
17 734
-
79 500
-
social contributions
2 448
-
10 971
-
income
2 958
-
13 193
-
health
1 238
-
5 549
-
total
6 644
-
29 713
-
Employer
17 734
-
79 500
-
total
-
-
-
-
Corporate
61 766
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%.

3 088
3 975
-
-
total
3 088
3 975
-
-
Dividends
58 678
75 525
-
-
social contributions
8 097
10 422
-
-
health
4 095
5 272
-
-
withholding
8 802
11 328
-
-
total
20 994
27 022
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 726
30 997
29 713
28 445
After tax
48 774
48 503
49 787
51 055
Living cost
11 091
11 091
11 091
11 091
Free-cash
37 683
37 412
38 696
39 964

Estimated living cost  is ₴11091 per week

₴7422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25680
₴24871
₴22339
₴2285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 208
income
-
-
-
19 124
chamber of commerce
-
-
-
318
health
-
-
-
4 674
surtax
-
-
-
103
pensions
-
-
-
11 304
total
-
-
-
38 731
Employee
26 139
20 844
61 763
-
pensions
2 677
2 134
6 257
-
unemployment
784
625
1 833
-
income
2 976
1 537
15 039
-
other
261
208
611
-
health
1 011
807
2 364
-
total
7 709
5 311
26 104
-
Employer
26 139
20 844
61 763
-
chamber of commerce
104
83
247
-
health
988
788
2 310
-
payroll
784
625
1 853
-
pensions
3 280
2 616
7 669
-
surtax
103
103
103
-
accident
339
271
794
-
other
1 242
990
2 928
-
unemployment
784
625
1 833
-
total
7 624
6 101
17 737
-
Corporate
45 736
52 554
59 778
-
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.

11 434
13 139
14 944
-
total
11 434
13 139
14 944
-
Dividends
34 301
39 415
-
-
withholding
9 432
10 839
-
-
total
9 432
10 839
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 199
35 390
58 785
38 731
After tax
43 301
44 110
20 715
40 769
Living cost
18 430
18 430
18 430
18 430
Free-cash
24 871
25 680
2 285
22 339

Estimated living cost  is ₴18430 per week

₴12292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25417
₴17573
₴15594
₴9627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
28 404
communal

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

-
-
-
4 026
social contributions
-
-
-
12 405
total
-
-
-
44 835
Employee

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

37 414
-
61 574
-
national
11 502
-
21 620
-
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.

2 806
-
4 618
-
communal

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

1 951
-
3 212
-
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.

326
-
536
-
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.

1 758
-
2 893
-
total
18 343
-
32 879
-
Employer

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

37 414
-
61 574
-
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.

2 301
-
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.

3 315
-
5 455
-
surtax
4 242
-
6 982
-
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.

486
-
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.

546
-
899
-
total
10 890
-
17 923
-
Corporate
31 196
79 500
-
-
income
6 239
15 900
-
-
surtax
125
318
-
-
total
6 364
16 218
-
-
Dividends
24 832
63 282
-
-
withholding

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

7 259
18 794
-
-
total
7 259
18 794
-
-
Income
79 500
79 500
79 500
79 500
Total tax
42 856
35 012
50 802
44 835
After tax
36 644
44 488
28 698
34 665
Living cost
19 071
19 071
19 071
19 071
Free-cash
17 573
25 417
9 627
15 594

Estimated living cost  is ₴19071 per week

₴12284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34255
₴30449
₴25868
₴23673
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
339
accident
-
-
-
437
income
-
-
-
20 199
pensions
-
-
-
13 719
other
-
-
-
49
total
-
-
-
34 743
Employee
26 036
-
64 045
-
pensions
1 224
-
2 279
-
unemployment
404
-
751
-
income
5 493
-
18 404
-
other
26
-
49
-
total
7 147
-
21 483
-
Employer
26 036
-
64 045
-
pensions
6 144
-
11 441
-
accident
515
-
960
-
other
207
-
388
-
unemployment
1 432
-
2 666
-
total
8 298
-
15 455
-
Corporate
45 165
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.

6 774
11 925
-
-
total
6 774
11 925
-
-
Dividends
38 391
67 575
-
-
withholding
7 943
14 431
-
-
total
7 943
14 431
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 162
26 356
36 938
34 743
After tax
49 338
53 144
42 562
44 757
Living cost
18 889
18 889
18 889
18 889
Free-cash
30 449
34 255
23 673
25 868

Estimated living cost  is ₴18889 per week

₴13910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18795
₴12750
₴12296
₴15466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
670
income
-
-
-
11 643
communal
-
-
-
5 024
health
-
-
-
5 585
surtax
-
-
-
3 942
pensions
-
-
-
11 916
total
-
-
-
38 780
Employee
39 610
-
71 014
-
pensions
3 168
-
5 681
-
income
3 826
-
13 931
-
surtax
2 428
-
4 352
-
health
1 763
-
3 160
-
total
11 185
-
27 124
-
Employer
39 610
-
71 014
-
health
1 208
-
2 166
-
pensions
3 168
-
5 681
-
accident
356
-
639
-
total
4 732
-
8 486
-
Corporate
35 158
79 500
-
-
income
5 274
11 925
-
-
surtax
369
835
-
-
communal
2 373
5 366
-
-
total
8 016
18 126
-
-
Dividends
27 142
61 375
-
-
income
10 321
4 949
-
-
withholding
4 072
9 206
-
-
total
14 393
14 155
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 326
32 281
35 610
38 780
After tax
41 174
47 219
43 890
40 720
Living cost
28 424
28 424
28 424
28 424
Free-cash
12 750
18 795
15 466
12 296

Estimated living cost  is ₴28424 per week

₴21322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5078
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38258
₴36593
₴25979
₴23408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
119
income
-
-
-
19 863
health
-
-
-
4 956
surtax
-
-
-
2 873
pensions
-
-
-
13 962
other
-
-
-
-
total
-
-
-
41 773
Employee
17 614
-
65 675
-
pensions
1 175
-
4 380
-
unemployment
1 226
-
4 571
-
income
2 953
-
17 427
-
other
-
-
-
-
surtax
63
-
2 468
-
health
450
-
1 675
-
total
5 867
-
30 521
-
Employer
17 614
-
65 675
-
health
801
-
2 988
-
pensions
2 348
-
8 754
-
other
-
-
-
-
unemployment
559
-
2 081
-
total
3 708
-
13 823
-
Corporate
58 178
79 500
-
-
income
15 126
20 670
-
-
total
15 126
20 670
-
-
Dividends
43 052
58 830
-
-
withholding
6 458
8 824
-
-
total
6 458
8 824
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 159
29 494
44 344
41 773
After tax
48 341
50 006
35 156
37 727
Living cost
11 748
11 748
11 748
11 748
Free-cash
36 593
38 258
23 408
25 979

Estimated living cost  is ₴11748 per week

₴7093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1021
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27697
₴26535
₴24371
₴20742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
472
national
-
-
-
18 921
regional
-
-
-
1 199
social contributions
-
-
-
20 447
total
-
-
-
41 039
Employee
29 014
-
79 500
-
national
4 597
-
16 370
-
social contributions
9 784
-
26 807
-
municipal
154
-
422
-
regional
391
-
1 069
-
total
14 926
-
44 668
-
Employer
29 014
-
79 500
-
total
-
-
-
-
Corporate
50 486
79 500
-
-
municipal
2 509
3 951
-
-
nationa
12 116
19 080
-
-
total
14 625
23 031
-
-
Dividends
35 861
56 468
-
-
withholding
9 324
14 682
-
-
total
9 324
14 682
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 875
37 713
44 668
41 039
After tax
40 625
41 787
34 832
38 461
Living cost
14 090
14 090
14 090
14 090
Free-cash
26 535
27 697
20 742
24 371

Estimated living cost  is ₴14090 per week

₴8762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
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.
₴3659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38675
₴32945
₴26450
₴24283
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
7 502
health
-
-
-
10 732
social contributions
-
-
-
18 755
total
-
-
-
36 989
Employee
23 620
-
59 328
-
social contributions
1 535
-
3 856
-
income
2 834
-
7 119
-
solidarity contribution
-
-
-
-
health
3 189
-
8 009
-
total
7 558
-
18 984
-
Employer
23 620
-
59 328
-
social contributions
5 905
-
14 832
-
health
2 126
-
5 340
-
total
8 031
-
20 172
-
Corporate
47 850
79 500
-
-
income
9 091
15 105
-
-
total
9 091
15 105
-
-
Dividends
38 758
64 395
-
-
withholding
5 814
9 659
-
-
total
5 814
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 494
24 764
39 156
36 989
After tax
49 006
54 736
40 344
42 511
Living cost
16 061
16 061
16 061
16 061
Free-cash
32 945
38 675
24 283
26 450

Estimated living cost  is ₴16061 per week

₴11944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27479
₴27218
₴24185
₴4059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 208
income
-
-
-
19 124
chamber of commerce
-
-
-
318
health
-
-
-
4 674
surtax
-
-
-
-
pensions
-
-
-
11 304
total
-
-
-
38 628
Employee
22 864
20 844
61 859
-
pensions
2 341
2 134
6 257
-
unemployment
686
625
1 833
-
income
2 037
1 537
15 080
-
other
228
208
611
-
health
884
807
2 364
-
total
6 176
5 311
26 145
-
Employer
22 864
20 844
61 859
-
chamber of commerce
91
83
247
-
health
865
788
2 310
-
payroll
686
625
1 856
-
pensions
2 870
2 616
7 669
-
surtax
-
-
-
-
accident
297
271
794
-
other
1 086
990
2 932
-
unemployment
686
625
1 833
-
total
6 581
5 998
17 641
-
Corporate
50 057
52 657
59 874
-
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.

12 514
13 164
14 968
-
total
12 514
13 164
14 968
-
Dividends
37 542
39 492
-
-
withholding
10 324
10 861
-
-
total
10 324
10 861
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 595
35 334
58 754
38 628
After tax
43 905
44 166
20 746
40 872
Living cost
16 687
16 687
16 687
16 687
Free-cash
27 218
27 479
4 059
24 185

Estimated living cost  is ₴16687 per week

₴10010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴68560
₴67254
₴71740
₴56635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 707
-
79 500
-
income
1 741
-
15 900
-
total
1 741
-
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%.

70 793
79 500
-
-
total
-
-
-
-
Dividends
70 793
79 500
-
-
withholding
3 540
3 975
-
-
total
3 540
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
5 281
3 975
15 900
795
After tax
74 219
75 525
63 600
78 705
Living cost
6 965
6 965
6 965
6 965
Free-cash
67 254
68 560
56 635
71 740

Estimated living cost  is ₴6965 per week

₴4714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴292
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.
₴1726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40706
₴36331
₴25442
₴23335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
119
income
-
-
-
17 570
health
-
-
-
7 822
pensions
-
-
-
14 518
total
-
-
-
40 029
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.

23 129
-
68 790
-
pensions
3 585
-
10 662
-
unemployment
33
-
96
-
income
3 989
-
16 224
-
health
1 494
-
4 444
-
total
9 101
-
31 426
-
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.

23 129
-
68 790
-
health
1 540
-
4 581
-
pensions
2 047
-
6 087
-
unemployment
14
-
42
-
total
3 601
-
10 710
-
Corporate
52 770
79 500
-
-
income
10 026
15 105
-
-
total
10 026
15 105
-
-
Dividends
42 744
64 395
-
-
withholding
6 412
9 660
-
-
total
6 412
9 660
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 140
24 765
42 136
40 029
After tax
50 360
54 735
37 364
39 471
Living cost
14 029
14 029
14 029
14 029
Free-cash
36 331
40 706
23 335
25 442

Estimated living cost  is ₴14029 per week

₴9628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23739
-₴5608
₴30312
₴47362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
35 314
-
-
-
social contributions
2 896
-
413
-
income
7 790
-
-
-
total
10 686
-
413
-
Employer
35 314
-
-
-
social contributions
49 793
-
7 096
-
total
49 793
-
7 096
-
Corporate
-
79 500
-
-
income
-
17 490
-
-
total
-
17 490
-
-
Dividends
-
62 010
-
-
income
-
13 642
-
-
total
-
13 642
-
-
Income
79 500
79 500
79 500
79 500
Total tax
60 479
31 132
7 509
24 559
After tax
19 021
48 368
71 991
54 941
Living cost
24 629
24 629
24 629
24 629
Free-cash
-5 608
23 739
47 362
30 312

Estimated living cost  is ₴24629 per week

₴15980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2316
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.
₴6018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28814
₴28286
₴26614
₴20953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 854
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 480
Employee
24 056
-
64 242
-
social contributions
2 646
-
7 067
-
income
5 004
-
19 816
-
surtax
-
-
-
-
total
7 650
-
26 883
-
Employer
24 056
-
64 242
-
social contributions
5 713
-
15 258
-
total
5 713
-
15 258
-
Corporate
49 731
79 500
-
-
income
10 444
16 695
-
-
surtax
-
-
-
-
total
10 444
16 695
-
-
Dividends
39 287
62 805
-
-
withholding
11 001
17 585
-
-
total
11 001
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 808
34 280
42 141
36 480
After tax
44 692
45 220
37 359
43 020
Living cost
16 406
16 406
16 406
16 406
Free-cash
28 286
28 814
20 953
26 614

Estimated living cost  is ₴16406 per week

₴12275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
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.
₴2889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14808
₴18402
₴19743
₴19842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 418
health
-
-
-
2 968
surtax
-
-
-
-
pensions
-
-
-
15 379
other
-
-
-
2 465
social contributions
-
-
-
2 265
total
-
-
-
34 495
Employee
32 759
-
62 308
-
pensions
3 705
-
4 008
-
social contributions
933
-
1 775
-
income
2 858
-
11 423
-
surtax
-
-
-
-
total
7 496
-
17 206
-
Employer
32 759
-
62 308
-
social contributions
98
-
187
-
health
2 293
-
5 382
-
pensions
5 383
-
6 806
-
other
1 131
-
2 292
-
unemployment
1 327
-
2 523
-
total
10 232
-
17 190
-
Corporate
36 509
79 500
-
-
income
10 223
22 260
-
-
surtax
-
-
-
-
total
10 223
22 260
-
-
Dividends
26 287
57 240
-
-
social contributions
4 520
9 844
-
-
surtax
-
-
-
-
withholding
3 365
7 326
-
-
total
7 885
17 170
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 836
39 430
34 396
34 495
After tax
43 664
40 070
45 104
45 005
Living cost
25 262
25 262
25 262
25 262
Free-cash
18 402
14 808
19 842
19 743

Estimated living cost  is ₴25262 per week

₴17097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴346
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5752
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55828
₴54071
₴43265
₴45376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 024
social contributions
-
-
-
17 489
total
-
-
-
20 513
Employee
16 815
-
68 832
-
social contributions
1 093
-
4 474
-
income
-
-
3 260
-
total
1 093
-
7 734
-
Employer
16 815
-
68 832
-
social contributions
2 606
-
10 668
-
total
2 606
-
10 668
-
Corporate
60 078
79 500
-
-
income
6 008
7 950
-
-
total
6 008
7 950
-
-
Dividends
54 070
71 550
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
9 707
7 950
18 402
20 513
After tax
69 793
71 550
61 098
58 987
Living cost
15 722
15 722
15 722
15 722
Free-cash
54 071
55 828
45 376
43 265

Estimated living cost  is ₴15722 per week

₴10166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴34206
-₴34206
₴22473
-₴34206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 191
national
-
-
-
8 927
labour market
-
-
-
6 324
pensions
-
-
-
452
total
-
-
-
31 894
Employee
106 082
106 082
106 082
-
national
12 960
12 960
12 960
-
pensions
151
151
151
-
municipal
22 590
22 590
22 590
-
labour market
8 475
8 475
8 475
-
total
44 176
44 176
44 176
-
Employer
106 082
106 082
106 082
-
municipal
22 626
22 626
22 626
-
labour market
8 487
8 487
8 487
-
national
12 982
12 982
12 982
-
pensions
302
302
302
-
total
44 397
44 397
44 397
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
88 573
88 573
88 573
31 894
After tax
-9 073
-9 073
-9 073
47 606
Living cost
25 133
25 133
25 133
25 133
Free-cash
-34 206
-34 206
-34 206
22 473

Estimated living cost  is ₴25133 per week

₴17202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2223
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4849
₴4708
₴43101
₴31463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
income
-
-
-
21 482
health
-
-
-
1 136
pensions
-
-
-
2 167
other
-
-
-
193
total
-
-
-
25 110
Employee
17 758
-
70 843
-
pensions
2 000
-
3 973
-
income
2 436
-
16 006
-
health
2 033
-
8 112
-
total
6 469
-
28 091
-
Employer
17 758
-
70 843
-
pensions
2 887
-
5 738
-
accident
297
-
1 183
-
unemployment
435
-
1 736
-
total
3 619
-
8 657
-
Corporate
58 123
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.

52 311
71 550
-
-
total
52 311
71 550
-
-
Dividends
5 812
7 950
-
-
withholding
1 104
1 510
-
-
total
1 104
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 503
73 060
36 748
25 110
After tax
15 997
6 440
42 752
54 390
Living cost
11 289
11 289
11 289
11 289
Free-cash
4 708
-4 849
31 463
43 101

Estimated living cost  is ₴11289 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
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.
₴2216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30520
₴31532
₴33031
₴22428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14 129
national
-
-
-
11 253
health
-
-
-
1 006
total
-
-
-
26 388
Employee
27 518
-
66 879
-
national
455
-
7 143
-
pensions
1 857
-
4 514
-
unemployment
413
-
1 003
-
municipal
4 507
-
10 899
-
health
205
-
812
-
total
7 437
-
24 371
-
Employer
27 518
-
66 879
-
health
211
-
515
-
pensions
4 774
-
11 603
-
accident
28
-
67
-
unemployment
179
-
435
-
total
5 192
-
12 620
-
Corporate
46 789
79 500
-
-
income
9 358
15 900
-
-
total
9 358
15 900
-
-
Dividends

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

28 074
47 700
-
-
municipal
5 053
8 586
-
-
national
847
4 413
-
-
total
5 900
12 999
-
-
Income
79 500
79 500
79 500
79 500
Total tax
27 887
28 899
36 991
26 388
After tax
51 613
50 601
42 509
53 112
Living cost
20 081
20 081
20 081
20 081
Free-cash
31 532
30 520
22 428
33 031

Estimated living cost  is ₴20081 per week

₴13117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45927
₴43080
₴42861
₴42128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 039
health
-
-
-
2 027
social contributions
-
-
-
8 463
total
-
-
-
24 529
Employee
40 219
40 219
73 636
-
social contributions
1 521
3 338
4 502
-
income
4 379
3 723
13 644
-
health
312
684
1 252
-
total
6 212
7 745
19 398
-
Employer
40 219
40 219
73 636
-
social contributions
1 521
3 338
4 502
-
health
338
744
1 362
-
total
1 859
4 082
5 864
-
Corporate
59 320
35 198
-
-
income
7 415
4 400
-
-
total
7 415
4 400
-
-
Dividends
51 905
30 798
-
-
withholding
8 824
5 236
-
-
total
8 824
5 236
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 310
21 463
25 262
24 529
After tax
55 190
58 037
54 238
54 971
Living cost
12 110
12 110
12 110
12 110
Free-cash
43 080
45 927
42 128
42 861

Estimated living cost  is ₴12110 per week

₴7258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57530
₴54869
₴57977
₴47486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
income
-
-
-
7 984
health
-
-
-
1 893
pensions
-
-
-
3 327
total
-
-
-
13 219
Employee

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

12 006
-
74 388
-
pensions
1 801
-
7 444
-
unemployment
60
-
248
-
income
821
-
6 688
-
health
1 020
-
4 218
-
total
3 702
-
18 598
-
Employer

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

12 006
-
74 388
-
health
516
-
2 134
-
pensions
660
-
2 730
-
unemployment
60
-
248
-
total
1 236
-
5 112
-
Corporate
66 259
79 500
-
-
income
5 963
7 155
-
-
total
5 963
7 155
-
-
Dividends
60 295
72 345
-
-
withholding
5 426
6 511
-
-
total
5 426
6 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
16 327
13 666
23 710
13 219
After tax
63 173
65 834
55 790
66 281
Living cost
8 304
8 304
8 304
8 304
Free-cash
54 869
57 530
47 486
57 977

Estimated living cost  is ₴8304 per week

₴5298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴599
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.
₴2160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38761
₴36376
₴30374
₴28179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
339
accident
-
-
-
437
income
-
-
-
20 199
pensions
-
-
-
13 719
other
-
-
-
49
total
-
-
-
34 743
Employee
19 340
-
64 045
-
pensions
909
-
2 279
-
unemployment
300
-
751
-
income
3 729
-
18 404
-
other
19
-
49
-
total
4 957
-
21 483
-
Employer
19 340
-
64 045
-
pensions
4 564
-
11 441
-
accident
383
-
960
-
other
155
-
388
-
unemployment
1 064
-
2 666
-
total
6 166
-
15 455
-
Corporate
53 994
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.

8 099
11 925
-
-
total
8 099
11 925
-
-
Dividends
45 895
67 575
-
-
withholding
9 519
14 431
-
-
total
9 519
14 431
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 741
26 356
36 938
34 743
After tax
50 759
53 144
42 562
44 757
Living cost
14 383
14 383
14 383
14 383
Free-cash
36 376
38 761
28 179
30 374

Estimated living cost  is ₴14383 per week

₴9708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴48719
₴48572
₴50264
₴50200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 229
health
-
-
-
470
pensions
-
-
-
648
total
-
-
-
28 347
Employee
1 354
-
78 771
-
pensions
122
-
292
-
unemployment
14
-
32
-
income
262
-
27 195
-
health
68
-
162
-
total
466
-
27 681
-
Employer
1 354
-
78 771
-
health
129
-
308
-
pensions
149
-
357
-
unemployment
27
-
65
-
total
305
-
730
-
Corporate
77 842
79 500
-
-
income
17 125
17 490
-
-
total
17 125
17 490
-
-
Dividends
60 717
62 010
-
-
withholding
12 143
12 402
-
-
total
12 143
12 402
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 039
29 892
28 411
28 347
After tax
49 461
49 608
51 089
51 153
Living cost
889
889
889
889
Free-cash
48 572
48 719
50 200
50 264

Estimated living cost  is ₴889 per week

₴528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48401
₴45829
₴38172
₴38170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
579
income
-
-
-
17 692
health
-
-
-
3 978
pensions
-
-
-
10 041
total
-
-
-
32 290
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

13 628
-
72 587
-
pensions
1 908
-
5 407
-
unemployment
102
-
290
-
income
1 879
-
17 692
-
health
702
-
1 989
-
total
4 591
-
25 378
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

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

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

13 628
-
72 587
-
health
702
-
1 989
-
pensions
1 635
-
4 635
-
unemployment
102
-
290
-
total
2 439
-
6 914
-
Corporate
63 433
79 500
-
-
income
9 515
11 925
-
-
total
9 515
11 925
-
-
Dividends
53 918
67 575
-
-
withholding
8 088
10 136
-
-
total
8 088
10 136
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 633
22 061
32 292
32 290
After tax
54 867
57 439
47 208
47 210
Living cost
9 038
9 038
9 038
9 038
Free-cash
45 829
48 401
38 170
38 172

Estimated living cost  is ₴9038 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴699
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.
₴1992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31119
₴30929
₴28919
₴23258
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 854
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 480
Employee
20 300
-
64 242
-
social contributions
2 233
-
7 067
-
income
3 967
-
19 816
-
surtax
-
-
-
-
total
6 200
-
26 883
-
Employer
20 300
-
64 242
-
social contributions
4 821
-
15 258
-
total
4 821
-
15 258
-
Corporate
54 379
79 500
-
-
income
11 420
16 695
-
-
surtax
-
-
-
-
total
11 420
16 695
-
-
Dividends
42 959
62 805
-
-
withholding
12 029
17 585
-
-
total
12 029
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 470
34 280
42 141
36 480
After tax
45 030
45 220
37 359
43 020
Living cost
14 101
14 101
14 101
14 101
Free-cash
30 929
31 119
23 258
28 919

Estimated living cost  is ₴14101 per week

₴9987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34762
₴31133
₴26375
₴24180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
339
accident
-
-
-
437
income
-
-
-
20 199
pensions
-
-
-
13 719
other
-
-
-
49
total
-
-
-
34 743
Employee
25 261
-
64 045
-
pensions
1 187
-
2 279
-
unemployment
391
-
751
-
income
5 276
-
18 404
-
other
25
-
49
-
total
6 879
-
21 483
-
Employer
25 261
-
64 045
-
pensions
5 961
-
11 441
-
accident
500
-
960
-
other
202
-
388
-
unemployment
1 390
-
2 666
-
total
8 053
-
15 455
-
Corporate
46 186
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.

6 928
11 925
-
-
total
6 928
11 925
-
-
Dividends
39 258
67 575
-
-
withholding
8 125
14 431
-
-
total
8 125
14 431
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 985
26 356
36 938
34 743
After tax
49 515
53 144
42 562
44 757
Living cost
18 382
18 382
18 382
18 382
Free-cash
31 133
34 762
24 180
26 375

Estimated living cost  is ₴18382 per week

₴13201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58978
₴55791
₴53705
₴56686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
73
income
-
-
-
11 925
health
-
-
-
2 100
pensions

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

-
-
-
2 703
total
-
-
-
16 801
Employee
11 910
-
75 917
-
pensions

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

1 046
-
1 604
-
income
1 191
-
7 592
-
health
548
-
840
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
total
2 916
-
10 237
-
Employer
11 910
-
75 917
-
health
822
-
1 260
-
pensions

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

1 312
-
2 012
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
unemployment
72
-
110
-
total
2 337
-
3 583
-
Corporate
65 254
79 500
-
-
income
6 526
7 950
-
-
total
6 526
7 950
-
-
Dividends
58 728
71 550
-
-
withholding
2 936
3 578
-
-
total
2 936
3 578
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 715
11 528
13 820
16 801
After tax
64 785
67 972
65 680
62 699
Living cost
8 994
8 994
8 994
8 994
Free-cash
55 791
58 978
56 686
53 705

Estimated living cost  is ₴8994 per week

₴5949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴515
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20742
₴27585
₴23367
₴31286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
7 919
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.

-
-
-
23 174
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.

-
-
-
3 573
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.

-
-
-
1 274
total
-
-
-
35 940
Employee

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

26 025
-
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.

2 140
-
23 174
-
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
-
1 274
-
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.

3 573
-
3 573
-
total
5 831
-
28 021
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 475
79 500
-
-
income
8 021
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.

441
656
-
-
trade
7 674
11 409
-
-
chamber of commerce
158
196
-
-
total
16 294
24 186
-
-
Dividends
37 182
55 315
-
-
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
749
-
-
withholding
9 097
13 630
-
-
total
9 597
14 379
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 722
38 565
28 021
35 940
After tax
47 778
40 935
51 479
43 560
Living cost
20 193
20 193
20 193
20 193
Free-cash
27 585
20 742
31 286
23 367

Estimated living cost  is ₴20193 per week

₴13930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25854
₴27011
₴13578
₴13578
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 155
social contributions
-
-
-
12 972
total
-
-
-
36 127
Employee
40 914
-
79 500
-
social contributions
3 399
-
12 972
-
income
7 720
-
23 155
-
total
11 119
-
36 127
-
Employer
40 914
-
79 500
-
total
-
-
-
-
Corporate
38 586
79 500
-
-
income
4 823
9 938
-
-
total
4 823
9 938
-
-
Dividends
33 763
69 562
-
-
withholding
6 752
13 913
-
-
total
6 752
13 913
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 694
23 851
36 127
36 127
After tax
56 806
55 649
43 373
43 373
Living cost
29 795
29 795
29 795
29 795
Free-cash
27 011
25 854
13 578
13 578

Estimated living cost  is ₴29795 per week

₴22667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4415
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29925
₴31752
₴42406
₴38310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 889
health

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

-
-
-
3 218
total
-
-
-
18 107
Employee
23 994
-
77 094
-
social contributions
2 404
-
2 406
-
income
2 604
-
17 391
-
total
5 008
-
19 797
-
Employer
23 994
-
77 094
-
social contributions
2 404
-
2 406
-
total
2 404
-
2 406
-
Corporate
53 102
79 500
-
-
income
18 586
27 825
-
-
total
18 586
27 825
-
-
Dividends
34 516
51 675
-
-
social contributions
2 763
2 763
-
-
total
2 763
2 763
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 761
30 588
22 203
18 107
After tax
50 739
48 912
57 297
61 393
Living cost
18 987
18 987
18 987
18 987
Free-cash
31 752
29 925
38 310
42 406

Estimated living cost  is ₴18987 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1497
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33926
₴37038
₴34176
₴26907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 329
pensions
-
-
-
4 468
total
-
-
-
25 797
Employee
26 803
-
69 569
-
pensions
2 046
-
5 591
-
income
4 881
-
16 484
-
health
350
-
1 060
-
total
7 277
-
23 135
-
Employer
26 803
-
69 569
-
health
509
-
1 322
-
pensions
2 708
-
8 609
-
total
3 217
-
9 931
-
Corporate
49 480
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.

9 401
15 105
-
-
total
9 401
15 105
-
-
Dividends
40 079
64 395
-
-
withholding
3 040
10 942
-
-
total
3 040
10 942
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 935
26 047
33 066
25 797
After tax
56 565
53 453
46 434
53 703
Living cost
19 527
19 527
19 527
19 527
Free-cash
37 038
33 926
26 907
34 176

Estimated living cost  is ₴19527 per week

₴13395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
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.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴5966
₴4537
₴41983
₴30345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
132
income
-
-
-
21 482
health
-
-
-
1 136
pensions
-
-
-
2 167
other
-
-
-
193
total
-
-
-
25 110
Employee
19 516
-
70 843
-
pensions
2 198
-
3 973
-
income
2 677
-
16 006
-
health
2 234
-
8 112
-
total
7 109
-
28 091
-
Employer
19 516
-
70 843
-
pensions
3 173
-
5 738
-
accident
326
-
1 183
-
unemployment
478
-
1 736
-
total
3 977
-
8 657
-
Corporate
56 007
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.

50 406
71 550
-
-
total
50 406
71 550
-
-
Dividends
5 601
7 950
-
-
withholding
1 064
1 510
-
-
total
1 064
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
62 556
73 060
36 748
25 110
After tax
16 944
6 440
42 752
54 390
Living cost
12 406
12 406
12 406
12 406
Free-cash
4 537
-5 966
30 345
41 983

Estimated living cost  is ₴12406 per week

₴9105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴59829
₴57380
₴37651
₴48005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
954
health insurance
-
-
-
5 883
income
-
-
-
12 916
work injury
-
-
-
398
pensions
-
-
-
14 628
total
-
-
-
34 779
Employee

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

11 312
-
79 500
-
work injury
57
-
209
-
pensions
2 081
-
7 701
-
unemployment
136
-
502
-
income
1 131
-
12 916
-
health insurance
837
-
3 097
-
total
4 242
-
24 425
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 188
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%.

682
795
-
-
total
682
795
-
-
Dividends
67 506
78 705
-
-
withholding
10 126
11 806
-
-
total
10 126
11 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
15 050
12 601
24 425
34 779
After tax
64 450
66 899
55 075
44 721
Living cost
7 070
7 070
7 070
7 070
Free-cash
57 380
59 829
48 005
37 651

Estimated living cost  is ₴7070 per week

₴4380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21038
₴18660
₴16957
₴13423
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
531
national
-
-
-
18 921
regional
-
-
-
1 807
social contributions
-
-
-
20 447
total
-
-
-
41 706
Employee
44 075
-
79 500
-
national
7 448
-
16 370
-
social contributions
14 862
-
26 807
-
municipal
263
-
474
-
regional
665
-
1 589
-
total
23 238
-
45 240
-
Employer
44 075
-
79 500
-
total
-
-
-
-
Corporate
35 425
79 500
-
-
municipal
1 707
3 832
-
-
nationa
8 502
19 080
-
-
total
10 209
22 912
-
-
Dividends
25 216
56 587
-
-
withholding
6 556
14 713
-
-
total
6 556
14 713
-
-
Income
79 500
79 500
79 500
79 500
Total tax
40 003
37 625
45 240
41 706
After tax
39 497
41 875
34 260
37 794
Living cost
20 837
20 837
20 837
20 837
Free-cash
18 660
21 038
13 423
16 957

Estimated living cost  is ₴20837 per week

₴14636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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