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
₴27034
₴24567
₴30245
₴35796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 507
trade
-
-
-
8 762
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.

-
-
-
1 285
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.

-
-
-
23 364
total
-
-
-
36 918
Employee

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

19 634
-
79 500
-
health

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

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

3 507
-
3 507
-
surtax

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

30
-
1 285
-
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.

548
-
23 364
-
total
4 085
-
28 156
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 866
79 500
-
-
trade
9 429
12 522
-
-
chamber of commerce
164
192
-
-
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.

494
656
-
-
income
8 980
11 925
-
-
total
19 067
25 295
-
-
Dividends
40 800
54 206
-
-
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.

550
734
-
-
withholding
10 005
13 356
-
-
total
10 555
14 090
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 707
39 385
28 156
36 918
After tax
45 793
40 115
51 344
42 582
Living cost
15 548
15 548
15 548
15 548
Free-cash
30 245
24 567
35 796
27 034

Estimated living cost  is ₴15548 per week

₴9780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19984
₴22421
₴21968
₴20608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 603
social contributions
-
-
-
855
national
-
-
-
13 331
pensions
-
-
-
9 540
total
-
-
-
32 329
Employee
42 144
-
68 727
-
pensions
1 686
-
2 749
-
national
8 066
-
13 808
-
municipal
5 206
-
8 911
-
total
14 958
-
25 468
-
Employer
42 144
-
68 727
-
pensions
3 372
-
5 498
-
social contributions
453
-
739
-
total
3 825
-
6 237
-
Corporate
30 749
79 500
-
-
income

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

6 150
15 900
-
-
total
6 150
15 900
-
-
Dividends
24 600
63 600
-
-
withholding
5 412
13 992
-
-
total
5 412
13 992
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 345
29 892
31 705
32 329
After tax
49 155
49 608
47 795
47 171
Living cost
27 187
27 187
27 187
27 187
Free-cash
21 968
22 421
20 608
19 984

Estimated living cost  is ₴27187 per week

₴18479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴407
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15703
₴52921
₴48710
₴37434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
19 668
income
-
-
-
13 177
microenterprise
-
-
-
-
surtax
-
-
-
20 273
total
-
-
-
53 118
Employee
15 000
-
57 542
-
surtax
-
-
-
-
social contributions

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

1 650
-
6 330
-
income
2 670
-
11 195
-
total
4 320
-
17 525
-
Employer
15 000
-
57 542
-
surtax
-
-
-
-
social contributions

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

3 613
-
13 862
-
total
3 613
-
13 862
-
Corporate
60 887
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%.

12 178
15 900
-
-
total
12 178
15 900
-
-
Dividends

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

48 710
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
20 111
15 900
31 387
53 118
After tax
59 389
63 600
48 113
26 382
Living cost
10 679
10 679
10 679
10 679
Free-cash
48 710
52 921
37 434
15 703

Estimated living cost  is ₴10679 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1017
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23147
₴17694
₴14548
₴26982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 330
pensions
-
-
-
6 014
income
-
-
-
22 505
total
-
-
-
34 849
Employee
43 836
43 836
69 960
-
health
6 728
5 723
6 330
-
pensions
7 891
6 014
6 014
-
income

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

7 175
7 175
9 131
-
total
21 794
18 912
21 475
-
Employer
43 836
43 836
69 960
-
health
3 047
3 047
3 786
-
pensions
3 051
3 051
3 792
-
unemployment
1 578
1 578
1 961
-
total
7 676
7 676
9 539
-
Corporate
28 525
27 988
-
-
income
5 706
5 597
-
-
total
5 706
5 597
-
-
Dividends
22 820
22 390
-
-
income
4 849
4 758
-
-
withholding
3 423
3 359
-
-
total
8 272
8 117
-
-
Income
79 500
79 500
79 500
79 500
Total tax
43 448
40 302
31 014
34 849
After tax
36 052
39 198
48 486
44 651
Living cost
21 504
21 504
21 504
21 504
Free-cash
14 548
17 694
26 982
23 147

Estimated living cost  is ₴21504 per week

₴15239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20280
₴21915
₴21434
₴19758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 939
accident
-
-
-
94
other
-
-
-
5 473
municipal
-
-
-
19 638
pensions
-
-
-
5 092
national
-
-
-
4 445
unemployment
-
-
-
47
total
-
-
-
37 728
Employee
30 624
-
64 700
-
national
-
-
4 156
-
municipal
9 132
-
19 294
-
total
9 132
-
23 450
-
Employer
30 624
-
64 700
-
health
1 883
-
2 897
-
accident
61
-
94
-
pensions
3 310
-
5 092
-
other
3 559
-
5 473
-
unemployment
808
-
1 244
-
total
9 621
-
14 800
-
Corporate
39 253
79 500
-
-
income
8 636
17 490
-
-
total
8 636
17 490
-
-
Dividends
30 618
62 010
-
-
withholding
9 185
18 603
-
-
total
9 185
18 603
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 574
36 093
38 250
37 728
After tax
42 926
43 407
41 250
41 772
Living cost
21 492
21 492
21 492
21 492
Free-cash
21 434
21 915
19 758
20 280

Estimated living cost  is ₴21492 per week

₴14244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2109
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4813
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22026
₴19540
₴26753
₴31178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 507
trade
-
-
-
9 152
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.

-
-
-
1 285
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.

-
-
-
23 364
total
-
-
-
37 308
Employee

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

26 032
-
79 500
-
health

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

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

3 507
-
3 507
-
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.

123
-
1 285
-
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.

2 237
-
23 364
-
total
5 867
-
28 156
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 468
79 500
-
-
trade
8 795
13 078
-
-
chamber of commerce
154
191
-
-
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
-
-
income
8 020
11 925
-
-
total
17 410
25 850
-
-
Dividends
36 057
53 650
-
-
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.

485
727
-
-
withholding
8 819
13 217
-
-
total
9 304
13 944
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 581
39 794
28 156
37 308
After tax
46 919
39 706
51 344
42 192
Living cost
20 166
20 166
20 166
20 166
Free-cash
26 753
19 540
31 178
22 026

Estimated living cost  is ₴20166 per week

₴13487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38236
₴41382
₴39252
₴37506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 027
social contributions
-
-
-
8 305
income
-
-
-
14 282
total
-
-
-
24 614
Employee
39 472
39 472
73 718
-
health
393
671
1 253
-
social contributions
1 918
3 276
4 419
-
income
4 145
3 654
13 889
-
total
6 456
7 601
19 561
-
Employer
39 472
39 472
73 718
-
health
428
731
1 364
-
social contributions
1 918
3 276
4 419
-
total
2 346
4 007
5 783
-
Corporate
54 049
36 021
-
-
income
6 756
4 502
-
-
total
6 756
4 502
-
-
Dividends
47 293
31 518
-
-
withholding
8 040
5 358
-
-
total
8 040
5 358
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 598
21 468
25 344
24 614
After tax
55 902
58 032
54 156
54 886
Living cost
16 650
16 650
16 650
16 650
Free-cash
39 252
41 382
37 506
38 236

Estimated living cost  is ₴16650 per week

₴11382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45677
₴35286
₴35483
₴36689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 565
pensions
-
-
-
7 950
unemployment
-
-
-
1 192
income
-
-
-
9 719
total
-
-
-
24 426
Employee

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

The minimum wage is 138,000 HUF per month.

13 564
5 398
66 527
-
health
950
378
4 657
-
pensions
1 356
540
6 653
-
unemployment
203
81
998
-
income
1 658
660
8 133
-
total
4 167
1 659
20 441
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 564
5 398
66 527
-
pensions
2 645
1 053
12 973
-
total
2 645
1 053
12 973
-
Corporate
63 291
73 049
-
-
income
5 696
6 574
-
-
total
5 696
6 574
-
-
Dividends
57 594
66 474
-
-
social contributions
11 169
12 901
-
-
withholding
10 943
12 630
-
-
total
22 112
25 531
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 620
34 817
33 414
24 426
After tax
44 880
44 683
46 086
55 074
Living cost
9 397
9 397
9 397
9 397
Free-cash
35 483
35 286
36 689
45 677

Estimated living cost  is ₴9397 per week

₴6412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴188
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30213
₴51201
₴48012
₴33424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 335
pensions
-
-
-
15 900
income
-
-
-
10 653
total
-
-
-
36 888
Employee
14 562
-
59 417
-
pensions
291
-
1 188
-
unemployment
233
-
951
-
income
1 639
-
11 456
-
total
2 163
-
13 595
-
Employer
14 562
-
59 417
-
health
1 893
-
7 724
-
pensions
2 913
-
11 883
-
unemployment
117
-
475
-
total
4 923
-
20 082
-
Corporate
60 015
79 500
-
-
income
12 003
15 900
-
-
total
12 003
15 900
-
-
Dividends
48 012
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
19 089
15 900
33 677
36 888
After tax
60 411
63 600
45 823
42 612
Living cost
12 399
12 399
12 399
12 399
Free-cash
48 012
51 201
33 424
30 213

Estimated living cost  is ₴12399 per week

₴8504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43000
-₴4948
₴4692
₴31386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 129
accident
-
-
-
131
other
-
-
-
192
pensions
-
-
-
2 154
income
-
-
-
21 507
total
-
-
-
25 113
Employee
17 912
-
70 878
-
health
2 051
-
8 115
-
pensions
2 017
-
3 949
-
income
2 457
-
16 041
-
total
6 525
-
28 105
-
Employer
17 912
-
70 878
-
accident
299
-
1 184
-
pensions
2 913
-
5 702
-
unemployment
439
-
1 736
-
total
3 651
-
8 622
-
Corporate
57 938
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.

52 144
71 550
-
-
total
52 144
71 550
-
-
Dividends
5 794
7 950
-
-
withholding
1 101
1 511
-
-
total
1 101
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 421
73 061
36 727
25 113
After tax
16 079
6 439
42 773
54 387
Living cost
11 387
11 387
11 387
11 387
Free-cash
4 692
-4 948
31 386
43 000

Estimated living cost  is ₴11387 per week

₴8346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74481
₴71301
₴70509
₴59376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 280
-
79 500
-
income
1 056
-
15 900
-
total
1 056
-
15 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

74 220
79 500
-
-
total
-
-
-
-
Dividends
74 220
79 500
-
-
withholding
3 711
3 975
-
-
total
3 711
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
4 767
3 975
15 900
795
After tax
74 733
75 525
63 600
78 705
Living cost
4 224
4 224
4 224
4 224
Free-cash
70 509
71 301
59 376
74 481

Estimated living cost  is ₴4224 per week

₴2618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28710
₴44731
₴41264
₴31641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 435
other
-
-
-
3 708
pensions

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

-
-
-
18 735
income
-
-
-
11 234
total
-
-
-
37 112
Employee
18 638
-
63 498
-
health
261
-
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.

1 304
-
4 445
-
unemployment
186
-
635
-
income
3 209
-
12 210
-
total
4 960
-
18 179
-
Employer
18 638
-
63 498
-
health
261
-
889
-
accident
149
-
508
-
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.

3 169
-
10 795
-
other
932
-
3 175
-
unemployment
186
-
635
-
total
4 697
-
16 002
-
Corporate
56 164
79 500
-
-
income
11 795
16 695
-
-
total
11 795
16 695
-
-
Dividends
44 369
62 805
-
-
withholding
3 106
4 396
-
-
total
3 106
4 396
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 558
21 091
34 181
37 112
After tax
54 942
58 409
45 319
42 388
Living cost
13 678
13 678
13 678
13 678
Free-cash
41 264
44 731
31 641
28 710

Estimated living cost  is ₴13678 per week

₴9664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19274
₴18945
₴18283
₴12018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 393
income
-
-
-
21 584
total
-
-
-
25 977
Employee
48 458
-
69 547
-
health
799
-
1 050
-
pensions
4 675
-
5 483
-
income
8 735
-
16 747
-
total
14 209
-
23 280
-
Employer
48 458
-
69 547
-
health
920
-
1 322
-
pensions
5 721
-
8 631
-
total
6 641
-
9 953
-
Corporate
24 400
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.

4 636
15 105
-
-
total
4 636
15 105
-
-
Dividends
19 764
64 395
-
-
withholding
1 482
11 201
-
-
total
1 482
11 201
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 968
26 306
33 233
25 977
After tax
52 532
53 194
46 267
53 523
Living cost
34 249
34 249
34 249
34 249
Free-cash
18 283
18 945
12 018
19 274

Estimated living cost  is ₴34249 per week

₴25664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4283
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴56108
₴61272
₴58898
₴59112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 053
pensions

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

-
-
-
2 642
unemployment
-
-
-
71
income
-
-
-
11 925
total
-
-
-
16 691
Employee
8 873
-
75 998
-
health
408
-
821
-
accident

We are using the highest rate at 1.1%.

98
-
196
-
pensions

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

779
-
1 568
-
income
887
-
7 600
-
total
2 172
-
10 185
-
Employer
8 873
-
75 998
-
health
612
-
1 232
-
accident

We are using the highest rate at 1.1%.

98
-
196
-
pensions

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

978
-
1 967
-
unemployment
53
-
107
-
total
1 741
-
3 502
-
Corporate
68 886
79 500
-
-
income
6 888
7 950
-
-
total
6 888
7 950
-
-
Dividends
61 998
71 550
-
-
withholding
3 100
3 577
-
-
total
3 100
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
13 901
11 527
13 687
16 691
After tax
65 599
67 973
65 813
62 809
Living cost
6 701
6 701
6 701
6 701
Free-cash
58 898
61 272
59 112
56 108

Estimated living cost  is ₴6701 per week

₴3912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16186
₴10733
₴12024
₴20021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 330
pensions
-
-
-
6 014
income
-
-
-
22 505
total
-
-
-
34 849
Employee
47 592
43 836
69 960
-
health
5 937
5 723
6 330
-
pensions
6 014
6 014
6 014
-
income

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

7 175
7 175
9 131
-
total
19 126
18 912
21 475
-
Employer
47 592
43 836
69 960
-
health
3 307
3 047
3 786
-
pensions
3 312
3 051
3 792
-
unemployment
1 714
1 578
1 961
-
total
8 333
7 676
9 539
-
Corporate
23 575
27 988
-
-
income
4 715
5 597
-
-
total
4 715
5 597
-
-
Dividends
18 860
22 390
-
-
income
4 008
4 758
-
-
withholding
2 829
3 359
-
-
total
6 837
8 117
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 011
40 302
31 014
34 849
After tax
40 489
39 198
48 486
44 651
Living cost
28 465
28 465
28 465
28 465
Free-cash
12 024
10 733
20 021
16 186

Estimated living cost  is ₴28465 per week

₴20998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2542
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30241
₴42046
₴37518
₴27654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 732
social contributions
-
-
-
18 261
solidarity contribution
-
-
-
-
income
-
-
-
7 576
total
-
-
-
36 569
Employee
18 662
-
59 328
-
health
2 519
-
8 009
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
3 856
-
income
2 239
-
7 119
-
total
5 971
-
18 984
-
Employer
18 662
-
59 328
-
health
1 680
-
5 340
-
social contributions
4 666
-
14 832
-
total
6 346
-
20 172
-
Corporate
54 493
79 500
-
-
income
10 354
15 105
-
-
total
10 354
15 105
-
-
Dividends
44 139
64 395
-
-
withholding
6 621
9 659
-
-
total
6 621
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 292
24 764
39 156
36 569
After tax
50 208
54 736
40 344
42 931
Living cost
12 690
12 690
12 690
12 690
Free-cash
37 518
42 046
27 654
30 241

Estimated living cost  is ₴12690 per week

₴8815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
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.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16973
₴20755
₴18075
₴13354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
927
municipal
-
-
-
472
social contributions
-
-
-
20 447
national
-
-
-
19 020
total
-
-
-
40 866
Employee
45 621
-
79 500
-
regional
430
-
817
-
national
7 905
-
16 439
-
social contributions
15 384
-
26 807
-
municipal
242
-
422
-
total
23 961
-
44 485
-
Employer
45 621
-
79 500
-
total
-
-
-
-
Corporate
33 879
79 500
-
-
nationa
8 131
19 080
-
-
municipal
1 321
3 101
-
-
total
9 452
22 181
-
-
Dividends
24 427
57 319
-
-
withholding
6 351
14 903
-
-
total
6 351
14 903
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 764
37 084
44 485
40 866
After tax
39 736
42 416
35 015
38 634
Living cost
21 661
21 661
21 661
21 661
Free-cash
18 075
20 755
13 354
16 973

Estimated living cost  is ₴21661 per week

₴15099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26401
₴38678
₴37082
₴23658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 864
other
-
-
-
-
pensions
-
-
-
13 702
unemployment
-
-
-
117
income
-
-
-
20 159
surtax
-
-
-
2 930
total
-
-
-
41 772
Employee
16 975
-
65 675
-
health
433
-
1 676
-
pensions
1 132
-
4 381
-
unemployment
1 182
-
4 571
-
surtax
56
-
2 498
-
income
2 845
-
17 563
-
other
-
-
-
-
total
5 648
-
30 689
-
Employer
16 975
-
65 675
-
health
772
-
2 989
-
pensions
2 263
-
8 755
-
other
-
-
-
-
unemployment
538
-
2 082
-
total
3 573
-
13 826
-
Corporate
58 951
79 500
-
-
income
15 327
20 670
-
-
total
15 327
20 670
-
-
Dividends
43 624
58 830
-
-
withholding
6 543
8 825
-
-
total
6 543
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 091
29 495
44 515
41 772
After tax
48 409
50 005
34 985
37 728
Living cost
11 327
11 327
11 327
11 327
Free-cash
37 082
38 678
23 658
26 401

Estimated living cost  is ₴11327 per week

₴6926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30125
₴29796
₴32139
₴22869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 393
income
-
-
-
21 584
total
-
-
-
25 977
Employee
32 475
-
69 547
-
health
471
-
1 050
-
pensions
2 756
-
5 483
-
income
5 849
-
16 747
-
total
9 076
-
23 280
-
Employer
32 475
-
69 547
-
health
617
-
1 322
-
pensions
3 515
-
8 631
-
total
4 132
-
9 953
-
Corporate
42 893
79 500
-
-
income

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

8 150
15 105
-
-
total
8 150
15 105
-
-
Dividends
34 743
64 395
-
-
withholding
2 605
11 201
-
-
total
2 605
11 201
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 963
26 306
33 233
25 977
After tax
55 537
53 194
46 267
53 523
Living cost
23 398
23 398
23 398
23 398
Free-cash
32 139
29 796
22 869
30 125

Estimated living cost  is ₴23398 per week

₴17530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴23229
-₴5533
₴12388
₴19365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
179
city
-
-
-
838
other

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

-
-
-
1 590
regional
-
-
-
3 509
pensions
-
-
-
7 314
national
-
-
-
954
total
-
-
-
14 384
Employee
49 018
-
71 156
-
health
111
-
160
-
regional
1 605
-
3 015
-
pensions
4 118
-
5 977
-
unemployment
-
-
-
-
national
232
-
771
-
city
526
-
765
-
total
6 592
-
10 688
-
Employer
49 018
-
71 156
-
health
111
-
160
-
pensions
4 118
-
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.

980
-
1 423
-
unemployment
-
-
-
-
total
5 209
-
7 560
-
Corporate
24 734
79 500
-
-
national
2 102
6 757
-
-
regional
5 232
16 814
-
-
total
7 334
23 571
-
-
Dividends
17 400
55 929
-
-
withholding
6 090
19 575
-
-
total
6 090
19 575
-
-
Income
79 500
79 500
79 500
79 500
Total tax
25 225
43 146
18 248
14 384
After tax
54 275
36 354
61 252
65 116
Living cost
41 887
41 887
41 887
41 887
Free-cash
12 388
-5 533
19 365
23 229

Estimated living cost  is ₴41887 per week

₴27238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3759
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴18287
₴15781
₴24106
₴27828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 507
trade
-
-
-
9 541
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.

-
-
-
1 285
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.

-
-
-
23 364
total
-
-
-
37 697
Employee

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

30 850
-
79 500
-
health

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

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

3 507
-
3 507
-
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.

200
-
1 285
-
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.

3 628
-
23 364
-
total
7 335
-
28 156
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
48 650
79 500
-
-
trade
8 343
13 634
-
-
chamber of commerce
146
190
-
-
surtax

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

401
656
-
-
income
7 297
11 925
-
-
total
16 187
26 405
-
-
Dividends
32 462
53 095
-
-
surtax

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

435
719
-
-
withholding
7 921
13 079
-
-
total
8 356
13 798
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 878
40 203
28 156
37 697
After tax
47 622
39 297
51 344
41 803
Living cost
23 516
23 516
23 516
23 516
Free-cash
24 106
15 781
27 828
18 287

Estimated living cost  is ₴23516 per week

₴17175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1881
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.
₴4155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27413
₴22505
₴25539
₴27347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 021
other
-
-
-
2 465
pensions
-
-
-
15 217
social contributions
-
-
-
2 265
income
-
-
-
11 556
surtax
-
-
-
-
total
-
-
-
34 524
Employee
21 970
-
62 211
-
pensions
2 484
-
4 041
-
surtax
-
-
-
-
social contributions
626
-
1 773
-
income
1 297
-
11 490
-
total
4 407
-
17 304
-
Employer
21 970
-
62 211
-
health
1 538
-
5 420
-
pensions
3 609
-
6 854
-
other
758
-
2 306
-
social contributions
66
-
187
-
unemployment
889
-
2 519
-
total
6 860
-
17 286
-
Corporate
50 670
79 500
-
-
surtax
-
-
-
-
income
14 187
22 260
-
-
total
14 187
22 260
-
-
Dividends
36 482
57 240
-
-
social contributions
6 274
9 846
-
-
surtax
-
-
-
-
withholding
4 670
7 326
-
-
total
10 944
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 398
39 432
34 590
34 524
After tax
43 102
40 068
44 910
44 976
Living cost
17 563
17 563
17 563
17 563
Free-cash
25 539
22 505
27 347
27 413

Estimated living cost  is ₴17563 per week

₴11074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
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.
₴4763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29153
₴24245
₴27099
₴29087
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 021
other
-
-
-
2 465
pensions
-
-
-
15 217
social contributions
-
-
-
2 265
income
-
-
-
11 556
surtax
-
-
-
-
total
-
-
-
34 524
Employee
19 611
-
62 211
-
pensions
2 218
-
4 041
-
surtax
-
-
-
-
social contributions
559
-
1 773
-
income
1 011
-
11 490
-
total
3 788
-
17 304
-
Employer
19 611
-
62 211
-
health
1 373
-
5 420
-
pensions
3 222
-
6 854
-
other
677
-
2 306
-
social contributions
58
-
187
-
unemployment
794
-
2 519
-
total
6 124
-
17 286
-
Corporate
53 765
79 500
-
-
surtax
-
-
-
-
income
15 054
22 260
-
-
total
15 054
22 260
-
-
Dividends
38 710
57 240
-
-
social contributions
6 658
9 846
-
-
surtax
-
-
-
-
withholding
4 954
7 326
-
-
total
11 612
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 578
39 432
34 590
34 524
After tax
42 922
40 068
44 910
44 976
Living cost
15 823
15 823
15 823
15 823
Free-cash
27 099
24 245
29 087
29 153

Estimated living cost  is ₴15823 per week

₴9176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40170
₴37618
₴37882
₴38852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 549
social contributions
-
-
-
10 971
income
-
-
-
11 925
total
-
-
-
28 445
Employee
17 405
-
79 500
-
health
1 215
-
5 549
-
social contributions
2 402
-
10 971
-
income
2 903
-
13 243
-
total
6 520
-
29 763
-
Employer
17 405
-
79 500
-
total
-
-
-
-
Corporate
62 095
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%.

3 105
3 975
-
-
total
3 105
3 975
-
-
Dividends
58 991
75 525
-
-
social contributions
8 141
10 422
-
-
health
4 118
5 272
-
-
withholding
8 849
11 328
-
-
total
21 108
27 022
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 733
30 997
29 763
28 445
After tax
48 767
48 503
49 737
51 055
Living cost
10 885
10 885
10 885
10 885
Free-cash
37 882
37 618
38 852
40 170

Estimated living cost  is ₴10885 per week

₴7285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴671
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.
₴2678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22686
₴26003
₴25210
₴2697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 587
pensions
-
-
-
11 094
unemployment
-
-
-
3 148
income
-
-
-
19 478
chamber of commerce
-
-
-
318
surtax
-
-
-
101
total
-
-
-
38 726
Employee
25 654
20 457
61 992
-
health
993
792
2 320
-
pensions
2 627
2 094
6 141
-
unemployment
770
614
1 799
-
income
2 920
1 509
15 338
-
other
256
205
600
-
total
7 566
5 214
26 198
-
Employer
25 654
20 457
61 992
-
payroll
770
614
1 860
-
health
969
773
2 267
-
surtax
101
101
101
-
accident
333
266
779
-
pensions
3 220
2 568
7 526
-
chamber of commerce
102
82
248
-
other
1 219
971
2 927
-
unemployment
770
614
1 799
-
total
7 484
5 989
17 507
-
Corporate
46 363
53 054
60 044
-
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.

11 590
13 264
15 010
-
total
11 590
13 264
15 010
-
Dividends
34 773
39 790
-
-
withholding
9 562
10 942
-
-
total
9 562
10 942
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 202
35 409
58 715
38 726
After tax
43 298
44 091
20 785
40 774
Living cost
18 088
18 088
18 088
18 088
Free-cash
25 210
26 003
2 697
22 686

Estimated living cost  is ₴18088 per week

₴12064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15861
₴25767
₴18068
₴9883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
12 384
national
-
-
-
28 511
communal

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

-
-
-
4 027
total
-
-
-
44 922
Employee

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

36 719
-
61 576
-
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.

1 725
-
2 894
-
pensions

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

2 754
-
4 618
-
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.

320
-
536
-
national
11 289
-
21 716
-
communal

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

1 915
-
3 212
-
total
18 003
-
32 976
-
Employer

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

36 719
-
61 576
-
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.

2 258
-
3 786
-
surtax
4 163
-
6 983
-
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.

477
-
801
-
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.

3 254
-
5 455
-
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.

536
-
899
-
total
10 688
-
17 924
-
Corporate
32 093
79 500
-
-
surtax
129
318
-
-
income
6 419
15 900
-
-
total
6 548
16 218
-
-
Dividends
25 546
63 283
-
-
withholding

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

7 476
18 798
-
-
total
7 476
18 798
-
-
Income
79 500
79 500
79 500
79 500
Total tax
42 715
35 016
50 900
44 922
After tax
36 785
44 484
28 600
34 578
Living cost
18 717
18 717
18 717
18 717
Free-cash
18 068
25 767
9 883
15 861

Estimated living cost  is ₴18717 per week

₴12056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1637
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.
₴4731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26198
₴34586
₴30873
₴24045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
429
other
-
-
-
48
pensions
-
-
-
13 465
unemployment
-
-
-
333
income
-
-
-
20 489
total
-
-
-
34 764
Employee
25 552
-
64 332
-
pensions
1 201
-
2 237
-
unemployment
396
-
737
-
other
25
-
48
-
income
5 391
-
18 726
-
total
7 013
-
21 748
-
Employer
25 552
-
64 332
-
accident
506
-
942
-
pensions
6 030
-
11 229
-
other
204
-
381
-
unemployment
1 406
-
2 617
-
total
8 146
-
15 169
-
Corporate
45 803
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.

6 871
11 925
-
-
total
6 871
11 925
-
-
Dividends
38 932
67 575
-
-
withholding
8 059
14 451
-
-
total
8 059
14 451
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 089
26 376
36 917
34 764
After tax
49 411
53 124
42 583
44 736
Living cost
18 538
18 538
18 538
18 538
Free-cash
30 873
34 586
24 045
26 198

Estimated living cost  is ₴18538 per week

₴13652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12633
₴19236
₴13220
₴15802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 585
accident
-
-
-
670
pensions
-
-
-
11 916
communal
-
-
-
5 025
income
-
-
-
11 834
surtax
-
-
-
3 941
total
-
-
-
38 971
Employee
38 874
-
71 014
-
health
1 730
-
3 160
-
pensions
3 109
-
5 681
-
surtax
2 383
-
4 352
-
income
3 755
-
14 123
-
total
10 977
-
27 316
-
Employer
38 874
-
71 014
-
health
1 186
-
2 166
-
accident
350
-
639
-
pensions
3 109
-
5 681
-
total
4 645
-
8 486
-
Corporate
35 981
79 500
-
-
communal
2 429
5 367
-
-
surtax
378
835
-
-
income
5 398
11 925
-
-
total
8 205
18 127
-
-
Dividends
27 777
61 373
-
-
income
10 391
5 035
-
-
withholding
4 166
9 206
-
-
total
14 557
14 241
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 384
32 368
35 802
38 971
After tax
41 116
47 132
43 698
40 529
Living cost
27 896
27 896
27 896
27 896
Free-cash
13 220
19 236
15 802
12 633

Estimated living cost  is ₴27896 per week

₴20926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26198
₴38475
₴36845
₴23455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 864
other
-
-
-
-
pensions
-
-
-
13 702
unemployment
-
-
-
117
income
-
-
-
20 159
surtax
-
-
-
2 930
total
-
-
-
41 772
Employee
17 287
-
65 675
-
health
441
-
1 676
-
pensions
1 153
-
4 381
-
unemployment
1 203
-
4 571
-
surtax
61
-
2 498
-
income
2 898
-
17 563
-
other
-
-
-
-
total
5 756
-
30 689
-
Employer
17 287
-
65 675
-
health
786
-
2 989
-
pensions
2 305
-
8 755
-
other
-
-
-
-
unemployment
548
-
2 082
-
total
3 639
-
13 826
-
Corporate
58 574
79 500
-
-
income
15 229
20 670
-
-
total
15 229
20 670
-
-
Dividends
43 345
58 830
-
-
withholding
6 501
8 825
-
-
total
6 501
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 125
29 495
44 515
41 772
After tax
48 375
50 005
34 985
37 728
Living cost
11 530
11 530
11 530
11 530
Free-cash
36 845
38 475
23 455
26 198

Estimated living cost  is ₴11530 per week

₴6961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1002
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.
₴3299
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24534
₴27959
₴26820
₴20934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 199
municipal
-
-
-
472
social contributions
-
-
-
20 447
national
-
-
-
19 020
total
-
-
-
41 138
Employee
28 475
-
79 500
-
regional
383
-
1 070
-
national
4 511
-
16 439
-
social contributions
9 602
-
26 807
-
municipal
151
-
422
-
total
14 647
-
44 738
-
Employer
28 475
-
79 500
-
total
-
-
-
-
Corporate
51 025
79 500
-
-
nationa
12 246
19 080
-
-
municipal
2 536
3 951
-
-
total
14 782
23 031
-
-
Dividends
36 243
56 468
-
-
withholding
9 423
14 682
-
-
total
9 423
14 682
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 852
37 713
44 738
41 138
After tax
40 648
41 787
34 762
38 362
Living cost
13 828
13 828
13 828
13 828
Free-cash
26 820
27 959
20 934
24 534

Estimated living cost  is ₴13828 per week

₴8600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27293
₴39098
₴33518
₴24706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 732
social contributions
-
-
-
18 261
solidarity contribution
-
-
-
-
income
-
-
-
7 576
total
-
-
-
36 569
Employee
22 996
-
59 328
-
health
3 105
-
8 009
-
solidarity contribution
-
-
-
-
social contributions
1 495
-
3 856
-
income
2 760
-
7 119
-
total
7 360
-
18 984
-
Employer
22 996
-
59 328
-
health
2 070
-
5 340
-
social contributions
5 749
-
14 832
-
total
7 819
-
20 172
-
Corporate
48 685
79 500
-
-
income
9 250
15 105
-
-
total
9 250
15 105
-
-
Dividends
39 435
64 395
-
-
withholding
5 915
9 659
-
-
total
5 915
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 344
24 764
39 156
36 569
After tax
49 156
54 736
40 344
42 931
Living cost
15 638
15 638
15 638
15 638
Free-cash
33 518
39 098
24 706
27 293

Estimated living cost  is ₴15638 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24498
₴27769
₴27516
₴4437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 587
pensions
-
-
-
11 094
unemployment
-
-
-
3 148
income
-
-
-
19 478
chamber of commerce
-
-
-
318
surtax
-
-
-
-
total
-
-
-
38 625
Employee
22 439
20 457
62 086
-
health
868
792
2 320
-
pensions
2 298
2 094
6 141
-
unemployment
673
614
1 799
-
income
1 999
1 509
15 378
-
other
224
205
600
-
total
6 062
5 214
26 238
-
Employer
22 439
20 457
62 086
-
payroll
673
614
1 863
-
health
848
773
2 267
-
surtax
-
-
-
-
accident
291
266
779
-
pensions
2 816
2 568
7 526
-
chamber of commerce
90
82
248
-
other
1 066
971
2 931
-
unemployment
673
614
1 799
-
total
6 457
5 888
17 413
-
Corporate
50 603
53 155
60 138
-
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.

12 651
13 289
15 035
-
total
12 651
13 289
15 035
-
Dividends
37 952
39 866
-
-
withholding
10 437
10 963
-
-
total
10 437
10 963
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 607
35 354
58 686
38 625
After tax
43 893
44 146
20 814
40 875
Living cost
16 377
16 377
16 377
16 377
Free-cash
27 516
27 769
4 437
24 498

Estimated living cost  is ₴16377 per week

₴9824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1673
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72122
₴68942
₴67707
₴57017
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 228
-
79 500
-
income
1 646
-
15 900
-
total
1 646
-
15 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

71 272
79 500
-
-
total
-
-
-
-
Dividends
71 272
79 500
-
-
withholding
3 564
3 975
-
-
total
3 564
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
5 210
3 975
15 900
795
After tax
74 290
75 525
63 600
78 705
Living cost
6 583
6 583
6 583
6 583
Free-cash
67 707
68 942
57 017
72 122

Estimated living cost  is ₴6583 per week

₴4455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
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.
₴1631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25614
₴40966
₴36673
₴23509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
7 822
pensions
-
-
-
14 519
unemployment
-
-
-
119
income
-
-
-
17 657
total
-
-
-
40 117
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 699
-
68 789
-
health
1 466
-
4 444
-
pensions
3 519
-
10 662
-
unemployment
32
-
96
-
income
3 914
-
16 311
-
total
8 931
-
31 513
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 699
-
68 789
-
health
1 512
-
4 581
-
pensions
2 009
-
6 087
-
unemployment
14
-
41
-
total
3 535
-
10 709
-
Corporate
53 266
79 500
-
-
income
10 120
15 105
-
-
total
10 120
15 105
-
-
Dividends
43 146
64 395
-
-
withholding
6 472
9 660
-
-
total
6 472
9 660
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 058
24 765
42 222
40 117
After tax
50 442
54 735
37 278
39 383
Living cost
13 769
13 769
13 769
13 769
Free-cash
36 673
40 966
23 509
25 614

Estimated living cost  is ₴13769 per week

₴9449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31536
₴24963
-₴1379
₴48959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
9 063
income
-
-
-
15 496
total
-
-
-
24 559
Employee
33 560
-
-
-
social contributions
2 752
-
392
-
income
7 403
-
-
-
total
10 155
-
392
-
Employer
33 560
-
-
-
social contributions
47 319
-
6 744
-
total
47 319
-
6 744
-
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
57 474
31 132
7 136
24 559
After tax
22 026
48 368
72 364
54 941
Living cost
23 405
23 405
23 405
23 405
Free-cash
-1 379
24 963
48 959
31 536

Estimated living cost  is ₴23405 per week

₴15186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2201
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.
₴5719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26863
₴29119
₴28601
₴21149
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
27 627
income
-
-
-
8 909
surtax
-
-
-
-
total
-
-
-
36 536
Employee
23 609
-
64 242
-
surtax
-
-
-
-
social contributions
2 597
-
7 066
-
income
4 911
-
19 926
-
total
7 508
-
26 992
-
Employer
23 609
-
64 242
-
social contributions
5 607
-
15 258
-
total
5 607
-
15 258
-
Corporate
50 284
79 500
-
-
surtax
-
-
-
-
income
10 560
16 695
-
-
total
10 560
16 695
-
-
Dividends
39 724
62 805
-
-
withholding
11 123
17 585
-
-
total
11 123
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 798
34 280
42 250
36 536
After tax
44 702
45 220
37 250
42 964
Living cost
16 101
16 101
16 101
16 101
Free-cash
28 601
29 119
21 149
26 863

Estimated living cost  is ₴16101 per week

₴12047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20183
₴15275
₴18803
₴20117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 021
other
-
-
-
2 465
pensions
-
-
-
15 217
social contributions
-
-
-
2 265
income
-
-
-
11 556
surtax
-
-
-
-
total
-
-
-
34 524
Employee
32 151
-
62 211
-
pensions
3 636
-
4 041
-
surtax
-
-
-
-
social contributions
916
-
1 773
-
income
2 805
-
11 490
-
total
7 357
-
17 304
-
Employer
32 151
-
62 211
-
health
2 250
-
5 420
-
pensions
5 283
-
6 854
-
other
1 110
-
2 306
-
social contributions
96
-
187
-
unemployment
1 302
-
2 519
-
total
10 041
-
17 286
-
Corporate
37 308
79 500
-
-
surtax
-
-
-
-
income
10 447
22 260
-
-
total
10 447
22 260
-
-
Dividends
26 861
57 240
-
-
social contributions
4 620
9 846
-
-
surtax
-
-
-
-
withholding
3 439
7 326
-
-
total
8 059
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 904
39 432
34 590
34 524
After tax
43 596
40 068
44 910
44 976
Living cost
24 793
24 793
24 793
24 793
Free-cash
18 803
15 275
20 117
20 183

Estimated living cost  is ₴24793 per week

₴16779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43496
₴56120
₴54395
₴45608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 084
social contributions
-
-
-
17 490
total
-
-
-
20 574
Employee
16 503
-
68 831
-
social contributions
1 073
-
4 474
-
income
-
-
3 319
-
total
1 073
-
7 793
-
Employer
16 503
-
68 831
-
social contributions
2 558
-
10 669
-
total
2 558
-
10 669
-
Corporate
60 439
79 500
-
-
income
6 044
7 950
-
-
total
6 044
7 950
-
-
Dividends
54 395
71 550
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
9 675
7 950
18 462
20 574
After tax
69 825
71 550
61 038
58 926
Living cost
15 430
15 430
15 430
15 430
Free-cash
54 395
56 120
45 608
43 496

Estimated living cost  is ₴15430 per week

₴9977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22824
-₴32181
-₴32181
-₴32181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 240
labour market
-
-
-
6 325
national
-
-
-
8 981
pensions
-
-
-
444
total
-
-
-
31 990
Employee
104 194
104 194
104 194
-
pensions
148
148
148
-
labour market
8 324
8 324
8 324
-
national
12 729
12 729
12 729
-
municipal
22 188
22 188
22 188
-
total
43 389
43 389
43 389
-
Employer
104 194
104 194
104 194
-
municipal
22 223
22 223
22 223
-
labour market
8 336
8 336
8 336
-
national
12 751
12 751
12 751
-
pensions
296
296
296
-
total
43 606
43 606
43 606
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
86 995
86 995
86 995
31 990
After tax
-7 495
-7 495
-7 495
47 510
Living cost
24 686
24 686
24 686
24 686
Free-cash
-32 181
-32 181
-32 181
22 824

Estimated living cost  is ₴24686 per week

₴16895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2184
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43168
-₴4780
₴4719
₴31554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 129
accident
-
-
-
131
other
-
-
-
192
pensions
-
-
-
2 154
income
-
-
-
21 507
total
-
-
-
25 113
Employee
17 648
-
70 878
-
health
2 021
-
8 115
-
pensions
1 987
-
3 949
-
income
2 421
-
16 041
-
total
6 429
-
28 105
-
Employer
17 648
-
70 878
-
accident
295
-
1 184
-
pensions
2 869
-
5 702
-
unemployment
432
-
1 736
-
total
3 596
-
8 622
-
Corporate
58 255
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.

52 430
71 550
-
-
total
52 430
71 550
-
-
Dividends
5 826
7 950
-
-
withholding
1 107
1 511
-
-
total
1 107
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 562
73 061
36 727
25 113
After tax
15 938
6 439
42 773
54 387
Living cost
11 219
11 219
11 219
11 219
Free-cash
4 719
-4 780
31 554
43 168

Estimated living cost  is ₴11219 per week

₴8166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33156
₴30786
₴31815
₴22692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
health
-
-
-
1 010
municipal
-
-
-
14 128
national
-
-
-
11 498
total
-
-
-
26 636
Employee
27 007
-
66 879
-
health
202
-
815
-
pensions
1 823
-
4 514
-
unemployment
405
-
1 003
-
national
446
-
7 249
-
municipal
4 424
-
10 899
-
total
7 300
-
24 480
-
Employer
27 007
-
66 879
-
health
207
-
515
-
accident
27
-
67
-
pensions
4 686
-
11 604
-
unemployment
175
-
434
-
total
5 095
-
12 620
-
Corporate
47 397
79 500
-
-
income
9 479
15 900
-
-
total
9 479
15 900
-
-
Dividends

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

28 438
47 700
-
-
national
984
4 520
-
-
municipal
5 119
8 586
-
-
total
6 103
13 106
-
-
Income
79 500
79 500
79 500
79 500
Total tax
27 977
29 006
37 100
26 636
After tax
51 523
50 494
42 400
52 864
Living cost
19 708
19 708
19 708
19 708
Free-cash
31 815
30 786
22 692
33 156

Estimated living cost  is ₴19708 per week

₴12873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1896
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.
₴4626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43001
₴46147
₴43354
₴42271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 027
social contributions
-
-
-
8 305
income
-
-
-
14 282
total
-
-
-
24 614
Employee
39 472
39 472
73 718
-
health
306
671
1 253
-
social contributions
1 492
3 276
4 419
-
income
4 298
3 654
13 889
-
total
6 096
7 601
19 561
-
Employer
39 472
39 472
73 718
-
health
332
731
1 364
-
social contributions
1 492
3 276
4 419
-
total
1 824
4 007
5 783
-
Corporate
59 694
36 021
-
-
income
7 462
4 502
-
-
total
7 462
4 502
-
-
Dividends
52 232
31 518
-
-
withholding
8 879
5 358
-
-
total
8 879
5 358
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 261
21 468
25 344
24 614
After tax
55 239
58 032
54 156
54 886
Living cost
11 885
11 885
11 885
11 885
Free-cash
43 354
46 147
42 271
43 001

Estimated living cost  is ₴11885 per week

₴7123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58213
₴57684
₴55074
₴47917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 858
pensions
-
-
-
3 265
unemployment
-
-
-
15
income
-
-
-
7 999
total
-
-
-
13 137
Employee

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

11 783
-
74 483
-
health
1 001
-
4 140
-
pensions
1 767
-
7 306
-
unemployment
58
-
244
-
income
806
-
6 726
-
total
3 632
-
18 416
-
Employer

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

11 783
-
74 483
-
health
507
-
2 094
-
pensions
648
-
2 679
-
unemployment
58
-
244
-
total
1 213
-
5 017
-
Corporate
66 505
79 500
-
-
income
5 985
7 155
-
-
total
5 985
7 155
-
-
Dividends
60 519
72 345
-
-
withholding
5 446
6 511
-
-
total
5 446
6 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
16 276
13 666
23 433
13 137
After tax
63 224
65 834
56 067
66 363
Living cost
8 150
8 150
8 150
8 150
Free-cash
55 074
57 684
47 917
58 213

Estimated living cost  is ₴8150 per week

₴5200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30620
₴39008
₴36693
₴28467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
429
other
-
-
-
48
pensions
-
-
-
13 465
unemployment
-
-
-
333
income
-
-
-
20 489
total
-
-
-
34 764
Employee
18 981
-
64 332
-
pensions
892
-
2 237
-
unemployment
294
-
737
-
other
19
-
48
-
income
3 659
-
18 726
-
total
4 864
-
21 748
-
Employer
18 981
-
64 332
-
accident
376
-
942
-
pensions
4 479
-
11 229
-
other
152
-
381
-
unemployment
1 044
-
2 617
-
total
6 051
-
15 169
-
Corporate
54 468
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.

8 170
11 925
-
-
total
8 170
11 925
-
-
Dividends
46 298
67 575
-
-
withholding
9 606
14 451
-
-
total
9 606
14 451
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 691
26 376
36 917
34 764
After tax
50 809
53 124
42 583
44 736
Living cost
14 116
14 116
14 116
14 116
Free-cash
36 693
39 008
28 467
30 620

Estimated living cost  is ₴14116 per week

₴9528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
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.
₴2984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50150
₴48647
₴48489
₴50083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
508
pensions
-
-
-
701
income
-
-
-
27 180
total
-
-
-
28 389
Employee
1 463
-
78 712
-
health
73
-
175
-
pensions
132
-
315
-
unemployment
15
-
35
-
income
283
-
27 143
-
total
503
-
27 668
-
Employer
1 463
-
78 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
77 707
79 500
-
-
income
17 096
17 490
-
-
total
17 096
17 490
-
-
Dividends
60 612
62 010
-
-
withholding
12 122
12 402
-
-
total
12 122
12 402
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 050
29 892
28 456
28 389
After tax
49 450
49 608
51 044
51 111
Living cost
961
961
961
961
Free-cash
48 489
48 647
50 083
50 150

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38591
₴48578
₴46057
₴38591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 900
pensions
-
-
-
9 845
unemployment
-
-
-
568
income
-
-
-
17 735
total
-
-
-
32 048
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.

13 361
-
72 722
-
health
688
-
1 950
-
pensions
1 871
-
5 301
-
unemployment
100
-
284
-
income
1 842
-
17 735
-
total
4 501
-
25 270
-
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.

13 361
-
72 722
-
health
688
-
1 950
-
pensions
1 603
-
4 544
-
unemployment
100
-
284
-
total
2 391
-
6 778
-
Corporate
63 747
79 500
-
-
income
9 562
11 925
-
-
total
9 562
11 925
-
-
Dividends
54 185
67 575
-
-
withholding
8 128
10 136
-
-
total
8 128
10 136
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 582
22 061
32 048
32 048
After tax
54 918
57 439
47 452
47 452
Living cost
8 861
8 861
8 861
8 861
Free-cash
46 057
48 578
38 591
38 591

Estimated living cost  is ₴8861 per week

₴5966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴685
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.
₴1953
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29125
₴31381
₴31196
₴23411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
27 627
income
-
-
-
8 909
surtax
-
-
-
-
total
-
-
-
36 536
Employee
19 923
-
64 242
-
surtax
-
-
-
-
social contributions
2 192
-
7 066
-
income
3 893
-
19 926
-
total
6 085
-
26 992
-
Employer
19 923
-
64 242
-
social contributions
4 731
-
15 258
-
total
4 731
-
15 258
-
Corporate
54 845
79 500
-
-
surtax
-
-
-
-
income
11 517
16 695
-
-
total
11 517
16 695
-
-
Dividends
43 328
62 805
-
-
withholding
12 132
17 585
-
-
total
12 132
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 465
34 280
42 250
36 536
After tax
45 035
45 220
37 250
42 964
Living cost
13 839
13 839
13 839
13 839
Free-cash
31 196
31 381
23 411
29 125

Estimated living cost  is ₴13839 per week

₴9802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26695
₴35083
₴31545
₴24542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
429
other
-
-
-
48
pensions
-
-
-
13 465
unemployment
-
-
-
333
income
-
-
-
20 489
total
-
-
-
34 764
Employee
24 791
-
64 332
-
pensions
1 165
-
2 237
-
unemployment
384
-
737
-
other
24
-
48
-
income
5 178
-
18 726
-
total
6 751
-
21 748
-
Employer
24 791
-
64 332
-
accident
491
-
942
-
pensions
5 851
-
11 229
-
other
199
-
381
-
unemployment
1 364
-
2 617
-
total
7 905
-
15 169
-
Corporate
46 804
79 500
-
-
income

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

7 021
11 925
-
-
total
7 021
11 925
-
-
Dividends
39 784
67 575
-
-
withholding
8 237
14 451
-
-
total
8 237
14 451
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 914
26 376
36 917
34 764
After tax
49 586
53 124
42 583
44 736
Living cost
18 041
18 041
18 041
18 041
Free-cash
31 545
35 083
24 542
26 695

Estimated living cost  is ₴18041 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴3428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54017
₴59181
₴56065
₴57021
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 053
pensions

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

-
-
-
2 642
unemployment
-
-
-
71
income
-
-
-
11 925
total
-
-
-
16 691
Employee
11 642
-
75 998
-
health
536
-
821
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 022
-
1 568
-
income
1 164
-
7 600
-
total
2 850
-
10 185
-
Employer
11 642
-
75 998
-
health
803
-
1 232
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 283
-
1 967
-
unemployment
70
-
107
-
total
2 284
-
3 502
-
Corporate
65 574
79 500
-
-
income
6 558
7 950
-
-
total
6 558
7 950
-
-
Dividends
59 017
71 550
-
-
withholding
2 951
3 577
-
-
total
2 951
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 643
11 527
13 687
16 691
After tax
64 857
67 973
65 813
62 809
Living cost
8 792
8 792
8 792
8 792
Free-cash
56 065
59 181
57 021
54 017

Estimated living cost  is ₴8792 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2264
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23543
₴21114
₴27829
₴31526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 507
trade
-
-
-
7 983
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.

-
-
-
1 285
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.

-
-
-
23 364
total
-
-
-
36 139
Employee

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

25 541
-
79 500
-
health

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

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

3 507
-
3 507
-
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.

116
-
1 285
-
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.

2 100
-
23 364
-
total
5 723
-
28 156
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 959
79 500
-
-
trade
7 743
11 408
-
-
chamber of commerce
157
195
-
-
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.

445
656
-
-
income
8 094
11 925
-
-
total
16 439
24 184
-
-
Dividends
37 519
55 316
-
-
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.

506
750
-
-
withholding
9 185
13 634
-
-
total
9 691
14 384
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 853
38 568
28 156
36 139
After tax
47 647
40 932
51 344
43 361
Living cost
19 818
19 818
19 818
19 818
Free-cash
27 829
21 114
31 526
23 543

Estimated living cost  is ₴19818 per week

₴13671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13934
₴26409
₴27543
₴13934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 315
social contributions
-
-
-
13 010
total
-
-
-
36 325
Employee
40 154
-
79 500
-
social contributions
3 336
-
13 010
-
income
7 577
-
23 315
-
total
10 913
-
36 325
-
Employer
40 154
-
79 500
-
total
-
-
-
-
Corporate
39 346
79 500
-
-
income
4 918
9 937
-
-
total
4 918
9 937
-
-
Dividends
34 428
69 563
-
-
withholding
6 885
13 913
-
-
total
6 885
13 913
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 716
23 850
36 325
36 325
After tax
56 784
55 650
43 175
43 175
Living cost
29 241
29 241
29 241
29 241
Free-cash
27 543
26 409
13 934
13 934

Estimated living cost  is ₴29241 per week

₴22246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43066
₴30329
₴32124
₴38559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 612
health

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

-
-
-
3 188
total
-
-
-
17 800
Employee
23 548
-
77 139
-
social contributions
2 359
-
2 361
-
income
2 555
-
17 585
-
total
4 914
-
19 946
-
Employer
23 548
-
77 139
-
social contributions
2 359
-
2 361
-
total
2 359
-
2 361
-
Corporate
53 592
79 500
-
-
income
18 757
27 825
-
-
total
18 757
27 825
-
-
Dividends
34 835
51 675
-
-
social contributions
2 712
2 712
-
-
total
2 712
2 712
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 742
30 537
22 307
17 800
After tax
50 758
48 963
57 193
61 700
Living cost
18 634
18 634
18 634
18 634
Free-cash
32 124
30 329
38 559
43 066

Estimated living cost  is ₴18634 per week

₴12274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1469
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.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34501
₴34172
₴37205
₴27245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 393
income
-
-
-
21 584
total
-
-
-
25 977
Employee
26 110
-
69 547
-
health
341
-
1 050
-
pensions
1 993
-
5 483
-
income
4 755
-
16 747
-
total
7 089
-
23 280
-
Employer
26 110
-
69 547
-
health
496
-
1 322
-
pensions
2 638
-
8 631
-
total
3 134
-
9 953
-
Corporate
50 255
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.

9 548
15 105
-
-
total
9 548
15 105
-
-
Dividends
40 707
64 395
-
-
withholding
3 502
11 201
-
-
total
3 502
11 201
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 273
26 306
33 233
25 977
After tax
56 227
53 194
46 267
53 523
Living cost
19 022
19 022
19 022
19 022
Free-cash
37 205
34 172
27 245
34 501

Estimated living cost  is ₴19022 per week

₴13049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴42057
-₴5891
₴4548
₴30443
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 129
accident
-
-
-
131
other
-
-
-
192
pensions
-
-
-
2 154
income
-
-
-
21 507
total
-
-
-
25 113
Employee
19 395
-
70 878
-
health
2 221
-
8 115
-
pensions
2 184
-
3 949
-
income
2 661
-
16 041
-
total
7 066
-
28 105
-
Employer
19 395
-
70 878
-
accident
324
-
1 184
-
pensions
3 153
-
5 702
-
unemployment
475
-
1 736
-
total
3 952
-
8 622
-
Corporate
56 153
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.

50 537
71 550
-
-
total
50 537
71 550
-
-
Dividends
5 615
7 950
-
-
withholding
1 067
1 511
-
-
total
1 067
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
62 622
73 061
36 727
25 113
After tax
16 878
6 439
42 773
54 387
Living cost
12 330
12 330
12 330
12 330
Free-cash
4 548
-5 891
30 443
42 057

Estimated living cost  is ₴12330 per week

₴9048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2314
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37768
₴59973
₴57575
₴48355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health insurance
-
-
-
5 883
work injury
-
-
-
397
pensions
-
-
-
14 628
unemployment
-
-
-
954
income
-
-
-
12 944
total
-
-
-
34 806
Employee

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

11 082
-
79 500
-
pensions
2 039
-
7 544
-
work injury
55
-
205
-
unemployment
133
-
492
-
health insurance
820
-
3 034
-
income
1 108
-
12 944
-
total
4 155
-
24 219
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 418
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%.

684
795
-
-
total
684
795
-
-
Dividends
67 734
78 705
-
-
withholding
10 160
11 806
-
-
total
10 160
11 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 999
12 601
24 219
34 806
After tax
64 501
66 899
55 281
44 694
Living cost
6 926
6 926
6 926
6 926
Free-cash
57 575
59 973
48 355
37 768

Estimated living cost  is ₴6926 per week

₴4291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17242
₴21426
₴19090
₴13733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 809
municipal
-
-
-
532
social contributions
-
-
-
20 447
national
-
-
-
19 020
total
-
-
-
41 808
Employee
43 256
-
79 500
-
regional
653
-
1 597
-
national
7 310
-
16 439
-
social contributions
14 586
-
26 807
-
municipal
258
-
474
-
total
22 807
-
45 317
-
Employer
43 256
-
79 500
-
total
-
-
-
-
Corporate
36 244
79 500
-
-
nationa
8 698
19 080
-
-
municipal
1 747
3 832
-
-
total
10 445
22 912
-
-
Dividends
25 799
56 587
-
-
withholding
6 708
14 712
-
-
total
6 708
14 712
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 960
37 624
45 317
41 808
After tax
39 540
41 876
34 183
37 692
Living cost
20 450
20 450
20 450
20 450
Free-cash
19 090
21 426
13 733
17 242

Estimated living cost  is ₴20450 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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