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
₴25259
₴36178
₴27246
₴30683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 815
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.

-
-
-
1 310
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.

-
-
-
3 349
trade
-
-
-
8 932
total
-
-
-
37 406
Employee

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

18 750
-
79 500
-
surtax

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

29
-
1 310
-
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.

524
-
23 815
-
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.

3 349
-
3 349
-
total
3 902
-
28 474
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 750
79 500
-
-
income
9 112
11 925
-
-
surtax

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

501
656
-
-
chamber of commerce
162
189
-
-
trade
9 568
12 522
-
-
total
19 343
25 292
-
-
Dividends
41 407
54 209
-
-
surtax

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

559
735
-
-
withholding
10 165
13 366
-
-
total
10 724
14 101
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 969
39 393
28 474
37 406
After tax
45 531
40 107
51 026
42 094
Living cost
14 848
14 848
14 848
14 848
Free-cash
30 683
25 259
36 178
27 246

Estimated living cost  is ₴14848 per week

₴9340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23638
₴21748
₴21124
₴23206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
855
municipal
-
-
-
8 633
national
-
-
-
13 378
pensions
-
-
-
9 540
total
-
-
-
32 406
Employee
40 258
-
68 727
-
municipal
4 973
-
8 941
-
pensions
1 610
-
2 749
-
national
7 705
-
13 855
-
total
14 288
-
25 545
-
Employer
40 258
-
68 727
-
pensions
3 221
-
5 498
-
social contributions
433
-
739
-
total
3 654
-
6 237
-
Corporate
32 931
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%.

6 586
15 900
-
-
total
6 586
15 900
-
-
Dividends
26 345
63 600
-
-
withholding
5 796
13 992
-
-
total
5 796
13 992
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 324
29 892
31 782
32 406
After tax
49 176
49 608
47 718
47 094
Living cost
25 970
25 970
25 970
25 970
Free-cash
23 206
23 638
21 748
21 124

Estimated living cost  is ₴25970 per week

₴17652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53401
₴37510
₴16646
₴49380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
income
-
-
-
13 600
surtax
-
-
-
20 273
social contributions

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

-
-
-
18 782
microenterprise
-
-
-
-
total
-
-
-
52 655
Employee
14 324
-
58 224
-
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.

1 576
-
6 405
-
income
2 550
-
11 360
-
total
4 126
-
17 765
-
Employer
14 324
-
58 224
-
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.

3 450
-
14 026
-
surtax
-
-
-
-
total
3 450
-
14 026
-
Corporate
61 725
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%.

12 345
15 900
-
-
total
12 345
15 900
-
-
Dividends

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

49 380
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
19 921
15 900
31 791
52 655
After tax
59 579
63 600
47 709
26 845
Living cost
10 199
10 199
10 199
10 199
Free-cash
49 380
53 401
37 510
16 646

Estimated living cost  is ₴10199 per week

₴6506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18722
₴28388
₴23831
₴15719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 344
health
-
-
-
6 045
pensions
-
-
-
5 744
total
-
-
-
35 133
Employee
41 863
41 863
70 390
-
pensions
7 535
5 744
5 744
-
income

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

6 852
6 852
9 676
-
health
6 425
5 465
6 045
-
total
20 812
18 061
21 465
-
Employer
41 863
41 863
70 390
-
health
2 910
2 910
3 616
-
pensions
2 914
2 914
3 622
-
unemployment
1 507
1 507
1 873
-
total
7 331
7 331
9 111
-
Corporate
30 820
30 307
-
-
income
6 164
6 062
-
-
total
6 164
6 062
-
-
Dividends
24 656
24 245
-
-
income
5 239
5 152
-
-
withholding
3 699
3 636
-
-
total
8 938
8 788
-
-
Income
79 500
79 500
79 500
79 500
Total tax
43 245
40 242
30 576
35 133
After tax
36 255
39 258
48 924
44 367
Living cost
20 536
20 536
20 536
20 536
Free-cash
15 719
18 722
28 388
23 831

Estimated living cost  is ₴20536 per week

₴14553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23242
₴20755
₴21245
₴22790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
88
other
-
-
-
5 136
unemployment
-
-
-
44
health
-
-
-
2 758
municipal
-
-
-
19 889
national
-
-
-
5 397
pensions
-
-
-
4 778
total
-
-
-
38 090
Employee
28 734
-
65 614
-
municipal
8 568
-
19 566
-
national
-
-
5 127
-
total
8 568
-
24 693
-
Employer
28 734
-
65 614
-
health
1 767
-
2 718
-
pensions
3 106
-
4 778
-
accident
57
-
88
-
unemployment
759
-
1 167
-
other
3 339
-
5 136
-
total
9 028
-
13 887
-
Corporate
41 738
79 500
-
-
income
9 182
17 490
-
-
total
9 182
17 490
-
-
Dividends
32 556
62 010
-
-
withholding
9 767
18 603
-
-
total
9 767
18 603
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 545
36 093
38 580
38 090
After tax
42 955
43 407
40 920
41 410
Living cost
20 165
20 165
20 165
20 165
Free-cash
22 790
23 242
20 755
21 245

Estimated living cost  is ₴20165 per week

₴13365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1979
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.
₴4516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20441
₴31768
₴22439
₴27329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 815
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.

-
-
-
1 310
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.

-
-
-
3 349
trade
-
-
-
9 329
total
-
-
-
37 803
Employee

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

24 860
-
79 500
-
surtax

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

117
-
1 310
-
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.

2 136
-
23 815
-
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.

3 349
-
3 349
-
total
5 602
-
28 474
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 640
79 500
-
-
income
8 196
11 925
-
-
surtax

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

451
656
-
-
chamber of commerce
153
188
-
-
trade
8 988
13 078
-
-
total
17 788
25 847
-
-
Dividends
36 852
53 653
-
-
surtax

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

497
727
-
-
withholding
9 026
13 227
-
-
total
9 523
13 954
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 913
39 801
28 474
37 803
After tax
46 587
39 699
51 026
41 697
Living cost
19 258
19 258
19 258
19 258
Free-cash
27 329
20 441
31 768
22 439

Estimated living cost  is ₴19258 per week

₴12880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴4060
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴42117
₴38062
₴38781
₴40085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
14 860
social contributions
-
-
-
7 932
health
-
-
-
2 027
total
-
-
-
24 819
Employee
37 695
37 695
73 913
-
social contributions
1 832
3 129
4 220
-
income
3 958
3 489
14 473
-
health
375
641
1 257
-
total
6 165
7 259
19 950
-
Employer
37 695
37 695
73 913
-
health
408
698
1 368
-
social contributions
1 832
3 129
4 220
-
total
2 240
3 827
5 588
-
Corporate
55 195
37 978
-
-
income
6 899
4 747
-
-
total
6 899
4 747
-
-
Dividends
48 296
33 231
-
-
withholding
8 211
5 650
-
-
total
8 211
5 650
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 515
21 483
25 538
24 819
After tax
55 985
58 017
53 962
54 681
Living cost
15 900
15 900
15 900
15 900
Free-cash
40 085
42 117
38 062
38 781

Estimated living cost  is ₴15900 per week

₴10869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
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.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35704
₴37115
₴46102
₴35891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 950
5 154
66 527
-
unemployment
194
77
998
-
pensions
1 295
515
6 653
-
income
1 583
630
8 133
-
health
907
361
4 657
-
total
3 979
1 583
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.

12 950
5 154
66 527
-
pensions
2 525
1 005
12 973
-
total
2 525
1 005
12 973
-
Corporate
64 024
73 341
-
-
income
5 762
6 601
-
-
total
5 762
6 601
-
-
Dividends
58 262
66 740
-
-
social contributions
11 302
12 955
-
-
withholding
11 070
12 681
-
-
total
22 372
25 636
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 638
34 825
33 414
24 427
After tax
44 862
44 675
46 086
55 073
Living cost
8 971
8 971
8 971
8 971
Free-cash
35 891
35 704
37 115
46 102

Estimated living cost  is ₴8971 per week

₴6122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51759
₴33983
₴30772
₴48713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
10 653
health
-
-
-
10 335
pensions
-
-
-
15 899
total
-
-
-
36 887
Employee
13 907
-
59 417
-
unemployment
222
-
951
-
pensions
278
-
1 188
-
income
1 566
-
11 455
-
total
2 066
-
13 594
-
Employer
13 907
-
59 417
-
health
1 808
-
7 724
-
pensions
2 782
-
11 883
-
unemployment
112
-
475
-
total
4 702
-
20 082
-
Corporate
60 893
79 500
-
-
income
12 178
15 900
-
-
total
12 178
15 900
-
-
Dividends
48 714
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
18 946
15 900
33 676
36 887
After tax
60 554
63 600
45 824
42 613
Living cost
11 841
11 841
11 841
11 841
Free-cash
48 713
51 759
33 983
30 772

Estimated living cost  is ₴11841 per week

₴8121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4474
₴31991
₴43461
₴4765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
21 670
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
25 125
Employee
17 169
-
71 105
-
pensions
1 933
-
3 785
-
income
2 355
-
16 273
-
health
1 966
-
8 141
-
total
6 254
-
28 199
-
Employer
17 169
-
71 105
-
pensions
2 792
-
5 466
-
accident
287
-
1 188
-
unemployment
421
-
1 742
-
total
3 500
-
8 396
-
Corporate
58 832
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.

52 949
71 550
-
-
total
52 949
71 550
-
-
Dividends
5 883
7 950
-
-
withholding
1 118
1 510
-
-
total
1 118
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 821
73 060
36 595
25 125
After tax
15 679
6 440
42 905
54 375
Living cost
10 914
10 914
10 914
10 914
Free-cash
4 765
-4 474
31 991
43 461

Estimated living cost  is ₴10914 per week

₴7999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴71514
₴59589
₴74694
₴70762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 014
-
79 500
-
income
1 003
-
15 900
-
total
1 003
-
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%.

74 486
79 500
-
-
total
-
-
-
-
Dividends
74 486
79 500
-
-
withholding
3 724
3 975
-
-
total
3 724
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
4 727
3 975
15 900
795
After tax
74 773
75 525
63 600
78 705
Living cost
4 011
4 011
4 011
4 011
Free-cash
70 762
71 514
59 589
74 694

Estimated living cost  is ₴4011 per week

₴2486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45347
₴32159
₴30103
₴42037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 623
other
-
-
-
3 541
health
-
-
-
3 280
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.

-
-
-
17 891
total
-
-
-
36 335
Employee
17 799
-
63 497
-
unemployment
178
-
635
-
pensions

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

1 246
-
4 445
-
income
3 064
-
12 308
-
health
249
-
889
-
total
4 737
-
18 277
-
Employer
17 799
-
63 497
-
health
249
-
889
-
pensions

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

3 026
-
10 795
-
accident
142
-
508
-
unemployment
178
-
635
-
other
890
-
3 175
-
total
4 485
-
16 002
-
Corporate
57 215
79 500
-
-
income
12 015
16 695
-
-
total
12 015
16 695
-
-
Dividends
45 199
62 805
-
-
withholding
3 164
4 396
-
-
total
3 164
4 396
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 401
21 091
34 279
36 335
After tax
55 099
58 409
45 221
43 165
Living cost
13 062
13 062
13 062
13 062
Free-cash
42 037
45 347
32 159
30 103

Estimated living cost  is ₴13062 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
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.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴20089
₴13324
₴20554
₴20206
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
22 031
pensions
-
-
-
4 263
total
-
-
-
26 294
Employee
46 198
-
69 508
-
pensions
4 457
-
5 290
-
income
8 328
-
17 209
-
health
761
-
1 033
-
total
13 546
-
23 532
-
Employer
46 198
-
69 508
-
health
877
-
1 320
-
pensions
5 455
-
8 672
-
total
6 332
-
9 992
-
Corporate
26 970
79 500
-
-
income

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

5 125
15 105
-
-
total
5 125
15 105
-
-
Dividends
21 845
64 395
-
-
withholding
1 639
11 654
-
-
total
1 639
11 654
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 642
26 759
33 524
26 294
After tax
52 858
52 741
45 976
53 206
Living cost
32 652
32 652
32 652
32 652
Free-cash
20 206
20 089
13 324
20 554

Estimated living cost  is ₴32652 per week

₴24467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61546
₴59619
₴56577
₴59269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
unemployment
-
-
-
68
health
-
-
-
1 969
pensions

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

-
-
-
2 534
total
-
-
-
16 496
Employee
8 511
-
76 140
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

747
-
1 504
-
income
851
-
7 614
-
health
391
-
788
-
total
2 083
-
10 094
-
Employer
8 511
-
76 140
-
health
587
-
1 182
-
pensions

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

938
-
1 887
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
unemployment
51
-
103
-
total
1 670
-
3 360
-
Corporate
69 319
79 500
-
-
income
6 932
7 950
-
-
total
6 932
7 950
-
-
Dividends
62 387
71 550
-
-
withholding
3 119
3 577
-
-
total
3 119
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
13 804
11 527
13 454
16 496
After tax
65 696
67 973
66 046
63 004
Living cost
6 427
6 427
6 427
6 427
Free-cash
59 269
61 546
59 619
56 577

Estimated living cost  is ₴6427 per week

₴3752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12075
₴21741
₴17184
₴13308
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 344
health
-
-
-
6 045
pensions
-
-
-
5 744
total
-
-
-
35 133
Employee
45 449
41 863
70 390
-
pensions
5 744
5 744
5 744
-
income

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

6 852
6 852
9 676
-
health
5 670
5 465
6 045
-
total
18 266
18 061
21 465
-
Employer
45 449
41 863
70 390
-
health
3 158
2 910
3 616
-
pensions
3 163
2 914
3 622
-
unemployment
1 636
1 507
1 873
-
total
7 957
7 331
9 111
-
Corporate
26 093
30 307
-
-
income
5 219
6 062
-
-
total
5 219
6 062
-
-
Dividends
20 874
24 245
-
-
income
4 436
5 152
-
-
withholding
3 131
3 636
-
-
total
7 567
8 788
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 009
40 242
30 576
35 133
After tax
40 491
39 258
48 924
44 367
Living cost
27 183
27 183
27 183
27 183
Free-cash
13 308
12 075
21 741
17 184

Estimated living cost  is ₴27183 per week

₴20052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42564
₴28172
₴31392
₴38220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
7 688
social contributions
-
-
-
17 516
solidarity contribution
-
-
-
-
health
-
-
-
10 732
total
-
-
-
35 936
Employee
17 901
-
59 328
-
solidarity contribution
-
-
-
-
social contributions
1 164
-
3 856
-
income
2 148
-
7 119
-
health
2 417
-
8 009
-
total
5 729
-
18 984
-
Employer
17 901
-
59 328
-
health
1 611
-
5 340
-
social contributions
4 475
-
14 832
-
total
6 086
-
20 172
-
Corporate
55 513
79 500
-
-
income
10 548
15 105
-
-
total
10 548
15 105
-
-
Dividends
44 966
64 395
-
-
withholding
6 745
9 659
-
-
total
6 745
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 108
24 764
39 156
35 936
After tax
50 392
54 736
40 344
43 564
Living cost
12 172
12 172
12 172
12 172
Free-cash
38 220
42 564
28 172
31 392

Estimated living cost  is ₴12172 per week

₴8455
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.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21731
₴14120
₴17710
₴19172
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 448
regional
-
-
-
931
municipal
-
-
-
473
national
-
-
-
19 253
total
-
-
-
41 105
Employee
43 567
-
79 500
-
municipal
231
-
421
-
national
7 549
-
16 645
-
regional
411
-
821
-
social contributions
14 691
-
26 808
-
total
22 882
-
44 695
-
Employer
43 567
-
79 500
-
total
-
-
-
-
Corporate
35 933
79 500
-
-
municipal
1 401
3 101
-
-
nationa
8 624
19 080
-
-
total
10 025
22 181
-
-
Dividends
25 908
57 319
-
-
withholding
6 736
14 903
-
-
total
6 736
14 903
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 643
37 084
44 695
41 105
After tax
39 857
42 416
34 805
38 395
Living cost
20 685
20 685
20 685
20 685
Free-cash
19 172
21 731
14 120
17 710

Estimated living cost  is ₴20685 per week

₴14419
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39188
₴23816
₴26894
₴37663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 862
other
-
-
-
-
surtax
-
-
-
3 085
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 085
total
-
-
-
41 789
Employee
16 211
-
65 728
-
other
-
-
-
-
unemployment
1 128
-
4 554
-
pensions
1 081
-
4 364
-
surtax
53
-
2 579
-
income
2 717
-
17 930
-
health
414
-
1 668
-
total
5 393
-
31 095
-
Employer
16 211
-
65 728
-
health
738
-
2 977
-
pensions
2 161
-
8 721
-
unemployment
514
-
2 074
-
other
-
-
-
-
total
3 413
-
13 772
-
Corporate
59 877
79 500
-
-
income
15 568
20 670
-
-
total
15 568
20 670
-
-
Dividends
44 308
58 830
-
-
withholding
6 646
8 825
-
-
total
6 646
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 020
29 495
44 867
41 789
After tax
48 480
50 005
34 633
37 711
Living cost
10 817
10 817
10 817
10 817
Free-cash
37 663
39 188
23 816
26 894

Estimated living cost  is ₴10817 per week

₴6614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴2955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30434
₴23669
₴30899
₴33416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
22 031
pensions
-
-
-
4 263
total
-
-
-
26 294
Employee
30 961
-
69 508
-
pensions
2 628
-
5 290
-
income
5 576
-
17 209
-
health
449
-
1 033
-
total
8 653
-
23 532
-
Employer
30 961
-
69 508
-
health
588
-
1 320
-
pensions
3 352
-
8 672
-
total
3 940
-
9 992
-
Corporate
44 599
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.

8 474
15 105
-
-
total
8 474
15 105
-
-
Dividends
36 126
64 395
-
-
withholding
2 710
11 654
-
-
total
2 710
11 654
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 777
26 759
33 524
26 294
After tax
55 723
52 741
45 976
53 206
Living cost
22 307
22 307
22 307
22 307
Free-cash
33 416
30 434
23 669
30 899

Estimated living cost  is ₴22307 per week

₴16712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2415
₴22243
₴26104
₴14170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
other

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

-
-
-
1 590
regional
-
-
-
3 668
health
-
-
-
179
city
-
-
-
838
national
-
-
-
1 039
pensions
-
-
-
7 314
total
-
-
-
14 628
Employee
45 368
-
71 157
-
unemployment
-
-
-
-
pensions
3 812
-
5 976
-
national
215
-
856
-
regional
1 486
-
3 173
-
city
487
-
765
-
health
103
-
160
-
total
6 103
-
10 930
-
Employer
45 368
-
71 157
-
health
103
-
160
-
pensions
3 812
-
5 976
-
unemployment
-
-
-
-
other

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

907
-
1 423
-
total
4 822
-
7 559
-
Corporate
28 812
79 500
-
-
regional
6 094
16 814
-
-
national
2 449
6 758
-
-
total
8 543
23 572
-
-
Dividends
20 268
55 928
-
-
withholding
7 094
19 575
-
-
total
7 094
19 575
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 562
43 147
18 489
14 628
After tax
52 938
36 353
61 011
64 872
Living cost
38 768
38 768
38 768
38 768
Free-cash
14 170
-2 415
22 243
26 104

Estimated living cost  is ₴38768 per week

₴25210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16834
₴28569
₴18844
₴24783
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 815
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.

-
-
-
1 310
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.

-
-
-
3 349
trade
-
-
-
9 725
total
-
-
-
38 199
Employee

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

29 461
-
79 500
-
surtax

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

191
-
1 310
-
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.

3 464
-
23 815
-
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.

3 349
-
3 349
-
total
7 004
-
28 474
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 039
79 500
-
-
income
7 505
11 925
-
-
surtax

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

413
656
-
-
chamber of commerce
145
186
-
-
trade
8 582
13 634
-
-
total
16 645
26 401
-
-
Dividends
33 393
53 099
-
-
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.

449
720
-
-
withholding
8 162
13 088
-
-
total
8 611
13 808
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 260
40 209
28 474
38 199
After tax
47 240
39 291
51 026
41 301
Living cost
22 457
22 457
22 457
22 457
Free-cash
24 783
16 834
28 569
18 844

Estimated living cost  is ₴22457 per week

₴16402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23295
₴27677
₴28140
₴26193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 883
other
-
-
-
2 464
surtax
-
-
-
-
social contributions
-
-
-
2 265
health
-
-
-
3 147
pensions
-
-
-
14 829
total
-
-
-
34 588
Employee
20 981
-
61 985
-
pensions
2 372
-
4 121
-
surtax
-
-
-
-
social contributions
598
-
1 766
-
income
1 238
-
11 648
-
total
4 208
-
17 535
-
Employer
20 981
-
61 985
-
health
1 469
-
5 511
-
pensions
3 447
-
6 971
-
unemployment
849
-
2 511
-
social contributions
63
-
186
-
other
724
-
2 337
-
total
6 552
-
17 516
-
Corporate
51 968
79 500
-
-
income
14 550
22 260
-
-
surtax
-
-
-
-
total
14 550
22 260
-
-
Dividends
37 417
57 240
-
-
surtax
-
-
-
-
social contributions
6 436
9 846
-
-
withholding
4 789
7 327
-
-
total
11 225
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 535
39 433
35 051
34 588
After tax
42 965
40 067
44 449
44 912
Living cost
16 772
16 772
16 772
16 772
Free-cash
26 193
23 295
27 677
28 140

Estimated living cost  is ₴16772 per week

₴10575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24957
₴29339
₴29802
₴27681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 883
other
-
-
-
2 464
surtax
-
-
-
-
social contributions
-
-
-
2 265
health
-
-
-
3 147
pensions
-
-
-
14 829
total
-
-
-
34 588
Employee
18 728
-
61 985
-
pensions
2 118
-
4 121
-
surtax
-
-
-
-
social contributions
534
-
1 766
-
income
966
-
11 648
-
total
3 618
-
17 535
-
Employer
18 728
-
61 985
-
health
1 311
-
5 511
-
pensions
3 077
-
6 971
-
unemployment
758
-
2 511
-
social contributions
56
-
186
-
other
647
-
2 337
-
total
5 849
-
17 516
-
Corporate
54 923
79 500
-
-
income
15 378
22 260
-
-
surtax
-
-
-
-
total
15 378
22 260
-
-
Dividends
39 545
57 240
-
-
surtax
-
-
-
-
social contributions
6 802
9 846
-
-
withholding
5 062
7 327
-
-
total
11 864
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 709
39 433
35 051
34 588
After tax
42 791
40 067
44 449
44 912
Living cost
15 110
15 110
15 110
15 110
Free-cash
27 681
24 957
29 339
29 802

Estimated living cost  is ₴15110 per week

₴8763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
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.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38106
₴39222
₴40660
₴38362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
social contributions
-
-
-
10 971
health
-
-
-
5 549
total
-
-
-
28 445
Employee
16 621
-
79 500
-
social contributions
2 294
-
10 971
-
income
2 772
-
13 363
-
health
1 160
-
5 549
-
total
6 226
-
29 883
-
Employer
16 621
-
79 500
-
total
-
-
-
-
Corporate
62 879
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%.

3 144
3 975
-
-
total
3 144
3 975
-
-
Dividends
59 734
75 525
-
-
social contributions
8 243
10 423
-
-
withholding
8 960
11 329
-
-
health
4 170
5 272
-
-
total
21 373
27 024
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 743
30 999
29 883
28 445
After tax
48 757
48 501
49 617
51 055
Living cost
10 395
10 395
10 395
10 395
Free-cash
38 362
38 106
39 222
40 660

Estimated living cost  is ₴10395 per week

₴6957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26780
₴3676
₴23510
₴26020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 319
surtax
-
-
-
97
unemployment
-
-
-
3 007
chamber of commerce
-
-
-
318
health
-
-
-
4 381
pensions
-
-
-
10 595
total
-
-
-
38 717
Employee
24 499
19 536
62 536
-
other
245
195
573
-
unemployment
735
586
1 718
-
pensions
2 509
2 000
5 864
-
income
2 789
1 441
16 048
-
health
948
756
2 216
-
total
7 226
4 978
26 419
-
Employer
24 499
19 536
62 536
-
chamber of commerce
98
78
250
-
health
926
739
2 165
-
pensions
3 075
2 452
7 187
-
accident
318
254
744
-
unemployment
735
586
1 718
-
surtax
97
97
97
-
payroll
735
586
1 876
-
other
1 164
927
2 926
-
total
7 148
5 719
16 963
-
Corporate
47 855
54 245
60 676
-
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.

11 963
13 562
15 169
-
total
11 963
13 562
15 169
-
Dividends
35 891
40 683
-
-
withholding
9 870
11 188
-
-
total
9 870
11 188
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 207
35 447
58 551
38 717
After tax
43 293
44 053
20 949
40 783
Living cost
17 273
17 273
17 273
17 273
Free-cash
26 020
26 780
3 676
23 510

Estimated living cost  is ₴17273 per week

₴11521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26602
₴10499
₴16549
₴19248
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
communal

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

-
-
-
4 036
social contributions
-
-
-
12 222
national
-
-
-
28 819
total
-
-
-
45 077
Employee

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

35 066
-
61 575
-
unemployment

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

305
-
536
-
communal

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

1 829
-
3 211
-
pensions

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

2 630
-
4 618
-
national
10 781
-
21 944
-
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.

1 648
-
2 894
-
total
17 193
-
33 203
-
Employer

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

35 066
-
61 575
-
health

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

2 156
-
3 786
-
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.

3 107
-
5 455
-
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.

456
-
801
-
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.

512
-
899
-
surtax
3 976
-
6 983
-
total
10 207
-
17 924
-
Corporate
34 227
79 500
-
-
income
6 846
15 900
-
-
surtax
137
318
-
-
total
6 983
16 218
-
-
Dividends
27 245
63 282
-
-
withholding

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

7 995
18 806
-
-
total
7 995
18 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
42 378
35 024
51 127
45 077
After tax
37 122
44 476
28 373
34 423
Living cost
17 874
17 874
17 874
17 874
Free-cash
19 248
26 602
10 499
16 549

Estimated living cost  is ₴17874 per week

₴11513
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35371
₴24930
₴26989
₴31887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
21 176
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 858
total
-
-
-
34 807
Employee
24 402
-
65 015
-
other
24
-
46
-
unemployment
379
-
704
-
pensions
1 147
-
2 136
-
income
5 149
-
19 494
-
total
6 699
-
22 380
-
Employer
24 402
-
65 015
-
pensions
5 758
-
10 723
-
accident
483
-
900
-
unemployment
1 342
-
2 499
-
other
194
-
364
-
total
7 777
-
14 486
-
Corporate
47 320
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.

7 098
11 925
-
-
total
7 098
11 925
-
-
Dividends
40 222
67 575
-
-
withholding
8 335
14 500
-
-
total
8 335
14 500
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 909
26 425
36 866
34 807
After tax
49 591
53 075
42 634
44 693
Living cost
17 704
17 704
17 704
17 704
Free-cash
31 887
35 371
24 930
26 989

Estimated living cost  is ₴17704 per week

₴13037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20279
₴16602
₴13432
₴14340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
communal
-
-
-
5 024
accident
-
-
-
671
income
-
-
-
12 290
surtax
-
-
-
3 942
health
-
-
-
5 585
pensions
-
-
-
11 916
total
-
-
-
39 428
Employee
37 124
-
71 014
-
pensions
2 969
-
5 681
-
surtax
2 275
-
4 352
-
income
3 586
-
14 579
-
health
1 652
-
3 160
-
total
10 482
-
27 772
-
Employer
37 124
-
71 014
-
health
1 132
-
2 166
-
pensions
2 969
-
5 681
-
accident
334
-
639
-
total
4 435
-
8 486
-
Corporate
37 941
79 500
-
-
communal
2 561
5 366
-
-
income
5 691
11 925
-
-
surtax
398
834
-
-
total
8 650
18 125
-
-
Dividends
29 290
61 374
-
-
income
10 559
5 250
-
-
withholding
4 394
9 206
-
-
total
14 953
14 456
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 520
32 581
36 258
39 428
After tax
40 980
46 919
43 242
40 072
Living cost
26 640
26 640
26 640
26 640
Free-cash
14 340
20 279
16 602
13 432

Estimated living cost  is ₴26640 per week

₴19984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38994
₴23622
₴26700
₴37435
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 862
other
-
-
-
-
surtax
-
-
-
3 085
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 085
total
-
-
-
41 789
Employee
16 509
-
65 728
-
other
-
-
-
-
unemployment
1 149
-
4 554
-
pensions
1 101
-
4 364
-
surtax
59
-
2 579
-
income
2 768
-
17 930
-
health
421
-
1 668
-
total
5 498
-
31 095
-
Employer
16 509
-
65 728
-
health
751
-
2 977
-
pensions
2 201
-
8 721
-
unemployment
524
-
2 074
-
other
-
-
-
-
total
3 476
-
13 772
-
Corporate
59 516
79 500
-
-
income
15 474
20 670
-
-
total
15 474
20 670
-
-
Dividends
44 041
58 830
-
-
withholding
6 606
8 825
-
-
total
6 606
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 054
29 495
44 867
41 789
After tax
48 446
50 005
34 633
37 711
Living cost
11 011
11 011
11 011
11 011
Free-cash
37 435
38 994
23 622
26 700

Estimated living cost  is ₴11011 per week

₴6648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28582
₴21352
₴24922
₴27494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 448
regional
-
-
-
1 199
municipal
-
-
-
473
national
-
-
-
19 253
total
-
-
-
41 373
Employee
27 193
-
79 500
-
municipal
144
-
421
-
national
4 308
-
16 645
-
regional
366
-
1 069
-
social contributions
9 170
-
26 808
-
total
13 988
-
44 943
-
Employer
27 193
-
79 500
-
total
-
-
-
-
Corporate
52 307
79 500
-
-
municipal
2 599
3 951
-
-
nationa
12 554
19 080
-
-
total
15 153
23 031
-
-
Dividends
37 154
56 469
-
-
withholding
9 660
14 682
-
-
total
9 660
14 682
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 801
37 713
44 943
41 373
After tax
40 699
41 787
34 557
38 127
Living cost
13 205
13 205
13 205
13 205
Free-cash
27 494
28 582
21 352
24 922

Estimated living cost  is ₴13205 per week

₴8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39736
₴25344
₴28564
₴34384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
7 688
social contributions
-
-
-
17 516
solidarity contribution
-
-
-
-
health
-
-
-
10 732
total
-
-
-
35 936
Employee
22 058
-
59 328
-
solidarity contribution
-
-
-
-
social contributions
1 434
-
3 856
-
income
2 647
-
7 119
-
health
2 978
-
8 009
-
total
7 059
-
18 984
-
Employer
22 058
-
59 328
-
health
1 985
-
5 340
-
social contributions
5 515
-
14 832
-
total
7 500
-
20 172
-
Corporate
49 942
79 500
-
-
income
9 489
15 105
-
-
total
9 489
15 105
-
-
Dividends
40 453
64 395
-
-
withholding
6 068
9 659
-
-
total
6 068
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 116
24 764
39 156
35 936
After tax
49 384
54 736
40 344
43 564
Living cost
15 000
15 000
15 000
15 000
Free-cash
34 384
39 736
25 344
28 564

Estimated living cost  is ₴15000 per week

₴11155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28466
₴5340
₴25240
₴28222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 319
surtax
-
-
-
-
unemployment
-
-
-
3 007
chamber of commerce
-
-
-
318
health
-
-
-
4 381
pensions
-
-
-
10 595
total
-
-
-
38 620
Employee
21 429
19 536
62 627
-
other
214
195
573
-
unemployment
643
586
1 718
-
pensions
2 195
2 000
5 864
-
income
1 909
1 441
16 086
-
health
829
756
2 216
-
total
5 790
4 978
26 457
-
Employer
21 429
19 536
62 627
-
chamber of commerce
86
78
250
-
health
810
739
2 165
-
pensions
2 689
2 452
7 187
-
accident
278
254
744
-
unemployment
643
586
1 718
-
surtax
-
-
-
-
payroll
643
586
1 879
-
other
1 018
927
2 929
-
total
6 167
5 622
16 872
-
Corporate
51 904
54 342
60 767
-
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.

12 976
13 586
15 191
-
total
12 976
13 586
15 191
-
Dividends
38 928
40 756
-
-
withholding
10 705
11 208
-
-
total
10 705
11 208
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 638
35 394
58 520
38 620
After tax
43 862
44 106
20 980
40 880
Living cost
15 640
15 640
15 640
15 640
Free-cash
28 222
28 466
5 340
25 240

Estimated living cost  is ₴15640 per week

₴9382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
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.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69275
₴57350
₴72455
₴68103
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
microenterprise

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

-
-
-
795
total
-
-
-
795
Employee
7 813
-
79 500
-
income
1 563
-
15 900
-
total
1 563
-
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%.

71 687
79 500
-
-
total
-
-
-
-
Dividends
71 687
79 500
-
-
withholding
3 584
3 975
-
-
total
3 584
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
5 147
3 975
15 900
795
After tax
74 353
75 525
63 600
78 705
Living cost
6 250
6 250
6 250
6 250
Free-cash
68 103
69 275
57 350
72 455

Estimated living cost  is ₴6250 per week

₴4230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
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.
₴1549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41587
₴23919
₴26026
₴37487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
79 500
income
-
-
-
17 864
unemployment
-
-
-
119
health
-
-
-
7 823
pensions
-
-
-
14 519
total
-
-
-
40 325
Employee

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

21 678
-
68 790
-
unemployment
31
-
97
-
pensions
3 360
-
10 663
-
income
3 738
-
16 517
-
health
1 400
-
4 444
-
total
8 529
-
31 721
-
Employer

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

21 678
-
68 790
-
health
1 444
-
4 582
-
pensions
1 918
-
6 088
-
unemployment
13
-
41
-
total
3 375
-
10 711
-
Corporate
54 447
79 500
-
-
income
10 345
15 105
-
-
total
10 345
15 105
-
-
Dividends
44 103
64 395
-
-
withholding
6 615
9 659
-
-
total
6 615
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 864
24 764
42 432
40 325
After tax
50 636
54 736
37 068
39 175
Living cost
13 149
13 149
13 149
13 149
Free-cash
37 487
41 587
23 919
26 026

Estimated living cost  is ₴13149 per week

₴9024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26898
₴51484
₴33471
₴3231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
15 496
social contributions
-
-
-
9 063
total
-
-
-
24 559
Employee
30 785
-
-
-
social contributions
2 524
-
360
-
income
6 790
-
-
-
total
9 314
-
360
-
Employer
30 785
-
-
-
social contributions
43 406
-
6 186
-
total
43 406
-
6 186
-
Corporate
5 309
79 500
-
-
income
1 168
17 490
-
-
total
1 168
17 490
-
-
Dividends
4 141
62 010
-
-
income
911
13 642
-
-
total
911
13 642
-
-
Income
79 500
79 500
79 500
79 500
Total tax
54 799
31 132
6 546
24 559
After tax
24 701
48 368
72 954
54 941
Living cost
21 470
21 470
21 470
21 470
Free-cash
3 231
26 898
51 484
33 471

Estimated living cost  is ₴21470 per week

₴13930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29843
₴21612
₴27456
₴29348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income
-
-
-
9 041
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 667
Employee
22 546
-
64 243
-
surtax
-
-
-
-
social contributions
2 480
-
7 066
-
income
4 690
-
20 188
-
total
7 170
-
27 254
-
Employer
22 546
-
64 243
-
social contributions
5 355
-
15 257
-
total
5 355
-
15 257
-
Corporate
51 599
79 500
-
-
income
10 836
16 695
-
-
surtax
-
-
-
-
total
10 836
16 695
-
-
Dividends
40 763
62 805
-
-
withholding
11 414
17 585
-
-
total
11 414
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 775
34 280
42 511
36 667
After tax
44 725
45 220
36 989
42 833
Living cost
15 377
15 377
15 377
15 377
Free-cash
29 348
29 843
21 612
27 456

Estimated living cost  is ₴15377 per week

₴11505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16390
₴20772
₴21235
₴19760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 883
other
-
-
-
2 464
surtax
-
-
-
-
social contributions
-
-
-
2 265
health
-
-
-
3 147
pensions
-
-
-
14 829
total
-
-
-
34 588
Employee
30 703
-
61 985
-
pensions
3 473
-
4 121
-
surtax
-
-
-
-
social contributions
874
-
1 766
-
income
2 679
-
11 648
-
total
7 026
-
17 535
-
Employer
30 703
-
61 985
-
health
2 149
-
5 511
-
pensions
5 045
-
6 971
-
unemployment
1 244
-
2 511
-
social contributions
92
-
186
-
other
1 060
-
2 337
-
total
9 590
-
17 516
-
Corporate
39 207
79 500
-
-
income
10 978
22 260
-
-
surtax
-
-
-
-
total
10 978
22 260
-
-
Dividends
28 229
57 240
-
-
surtax
-
-
-
-
social contributions
4 856
9 846
-
-
withholding
3 613
7 327
-
-
total
8 469
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 063
39 433
35 051
34 588
After tax
43 437
40 067
44 449
44 912
Living cost
23 677
23 677
23 677
23 677
Free-cash
19 760
16 390
20 772
21 235

Estimated living cost  is ₴23677 per week

₴16024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56814
₴46162
₴44050
₴55167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 224
social contributions
-
-
-
17 490
total
-
-
-
20 714
Employee
15 760
-
68 832
-
income
-
-
3 459
-
social contributions
1 024
-
4 475
-
total
1 024
-
7 934
-
Employer
15 760
-
68 832
-
social contributions
2 443
-
10 668
-
total
2 443
-
10 668
-
Corporate
61 297
79 500
-
-
income
6 130
7 950
-
-
total
6 130
7 950
-
-
Dividends
55 168
71 550
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
9 597
7 950
18 602
20 714
After tax
69 903
71 550
60 898
58 786
Living cost
14 736
14 736
14 736
14 736
Free-cash
55 167
56 814
46 162
44 050

Estimated living cost  is ₴14736 per week

₴9528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴27265
-₴27265
₴23682
-₴27265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
labour market
-
-
-
6 326
municipal
-
-
-
16 358
national
-
-
-
9 110
pensions
-
-
-
425
total
-
-
-
32 219
Employee
99 607
99 607
99 607
-
municipal
21 211
21 211
21 211
-
labour market
7 957
7 957
7 957
-
pensions
142
142
142
-
national
12 169
12 169
12 169
-
total
41 479
41 479
41 479
-
Employer
99 607
99 607
99 607
-
national
12 190
12 190
12 190
-
labour market
7 969
7 969
7 969
-
pensions
283
283
283
-
municipal
21 245
21 245
21 245
-
total
41 687
41 687
41 687
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
83 166
83 166
83 166
32 219
After tax
-3 666
-3 666
-3 666
47 281
Living cost
23 599
23 599
23 599
23 599
Free-cash
-27 265
-27 265
-27 265
23 682

Estimated living cost  is ₴23599 per week

₴16152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4997
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4313
₴32152
₴43622
₴4790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
21 670
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
25 125
Employee
16 916
-
71 105
-
pensions
1 905
-
3 785
-
income
2 321
-
16 273
-
health
1 937
-
8 141
-
total
6 163
-
28 199
-
Employer
16 916
-
71 105
-
pensions
2 750
-
5 466
-
accident
282
-
1 188
-
unemployment
415
-
1 742
-
total
3 447
-
8 396
-
Corporate
59 137
79 500
-
-
income

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

53 223
71 550
-
-
total
53 223
71 550
-
-
Dividends
5 914
7 950
-
-
withholding
1 124
1 510
-
-
total
1 124
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 957
73 060
36 595
25 125
After tax
15 543
6 440
42 905
54 375
Living cost
10 753
10 753
10 753
10 753
Free-cash
4 790
-4 313
32 152
43 622

Estimated living cost  is ₴10753 per week

₴7827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31421
₴23320
₴33451
₴32488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 020
municipal
-
-
-
14 126
national
-
-
-
12 082
total
-
-
-
27 228
Employee
25 791
-
66 880
-
municipal
4 224
-
10 896
-
unemployment
387
-
1 003
-
pensions
1 741
-
4 515
-
national
426
-
7 501
-
health
193
-
825
-
total
6 971
-
24 740
-
Employer
25 791
-
66 880
-
health
198
-
515
-
pensions
4 475
-
11 603
-
accident
26
-
67
-
unemployment
167
-
434
-
total
4 866
-
12 619
-
Corporate
48 842
79 500
-
-
income
9 769
15 900
-
-
total
9 769
15 900
-
-
Dividends

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

29 305
47 700
-
-
municipal
5 275
8 586
-
-
national
1 310
4 772
-
-
total
6 585
13 358
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 191
29 258
37 359
27 228
After tax
51 309
50 242
42 141
52 272
Living cost
18 821
18 821
18 821
18 821
Free-cash
32 488
31 421
23 320
33 451

Estimated living cost  is ₴18821 per week

₴12294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
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.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46667
₴42612
₴43331
₴44001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
14 860
social contributions
-
-
-
7 932
health
-
-
-
2 027
total
-
-
-
24 819
Employee
37 695
37 695
73 913
-
social contributions
1 425
3 129
4 220
-
income
4 104
3 489
14 473
-
health
292
641
1 257
-
total
5 821
7 259
19 950
-
Employer
37 695
37 695
73 913
-
health
317
698
1 368
-
social contributions
1 425
3 129
4 220
-
total
1 742
3 827
5 588
-
Corporate
60 586
37 978
-
-
income
7 573
4 747
-
-
total
7 573
4 747
-
-
Dividends
53 013
33 231
-
-
withholding
9 013
5 650
-
-
total
9 013
5 650
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 149
21 483
25 538
24 819
After tax
55 351
58 017
53 962
54 681
Living cost
11 350
11 350
11 350
11 350
Free-cash
44 001
46 667
42 612
43 331

Estimated living cost  is ₴11350 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58051
₴48945
₴58779
₴55557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
79 500
income
-
-
-
8 032
unemployment
-
-
-
14
health
-
-
-
1 774
pensions
-
-
-
3 118
total
-
-
-
12 938
Employee

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

11 252
-
74 709
-
unemployment
56
-
233
-
pensions
1 688
-
6 977
-
income
769
-
6 817
-
health
956
-
3 954
-
total
3 469
-
17 981
-
Employer

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

11 252
-
74 709
-
health
484
-
2 000
-
pensions
619
-
2 558
-
unemployment
56
-
233
-
total
1 159
-
4 791
-
Corporate
67 090
79 500
-
-
income
6 038
7 155
-
-
total
6 038
7 155
-
-
Dividends
61 051
72 345
-
-
withholding
5 494
6 511
-
-
total
5 494
6 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
16 160
13 666
22 772
12 938
After tax
63 340
65 834
56 728
66 562
Living cost
7 783
7 783
7 783
7 783
Free-cash
55 557
58 051
48 945
58 779

Estimated living cost  is ₴7783 per week

₴4966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39595
₴29154
₴31213
₴37430
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
21 176
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 858
total
-
-
-
34 807
Employee
18 126
-
65 015
-
other
18
-
46
-
unemployment
281
-
704
-
pensions
852
-
2 136
-
income
3 495
-
19 494
-
total
4 646
-
22 380
-
Employer
18 126
-
65 015
-
pensions
4 277
-
10 723
-
accident
359
-
900
-
unemployment
997
-
2 499
-
other
145
-
364
-
total
5 778
-
14 486
-
Corporate
55 595
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.

8 339
11 925
-
-
total
8 339
11 925
-
-
Dividends
47 256
67 575
-
-
withholding
9 827
14 500
-
-
total
9 827
14 500
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 590
26 425
36 866
34 807
After tax
50 910
53 075
42 634
44 693
Living cost
13 480
13 480
13 480
13 480
Free-cash
37 430
39 595
29 154
31 213

Estimated living cost  is ₴13480 per week

₴9099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48647
₴50082
₴50150
₴48490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
27 180
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
28 389
Employee
1 464
-
78 711
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
27 143
-
health
73
-
175
-
total
503
-
27 668
-
Employer
1 464
-
78 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
77 707
79 500
-
-
income
17 095
17 490
-
-
total
17 095
17 490
-
-
Dividends
60 611
62 010
-
-
withholding
12 122
12 402
-
-
total
12 122
12 402
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 049
29 892
28 457
28 389
After tax
49 451
49 608
51 043
51 111
Living cost
961
961
961
961
Free-cash
48 490
48 647
50 082
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
₴48958
₴39493
₴39492
₴46544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
income
-
-
-
17 827
unemployment
-
-
-
544
health
-
-
-
3 733
pensions
-
-
-
9 423
total
-
-
-
31 527
Employee

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

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

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

12 788
-
73 013
-
unemployment
96
-
272
-
pensions
1 790
-
5 074
-
income
1 763
-
17 827
-
health
659
-
1 866
-
total
4 308
-
25 039
-
Employer

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

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

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

12 788
-
73 013
-
health
659
-
1 866
-
pensions
1 535
-
4 349
-
unemployment
96
-
272
-
total
2 290
-
6 487
-
Corporate
64 423
79 500
-
-
income
9 663
11 925
-
-
total
9 663
11 925
-
-
Dividends
54 759
67 575
-
-
withholding
8 214
10 136
-
-
total
8 214
10 136
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 475
22 061
31 526
31 527
After tax
55 025
57 439
47 974
47 973
Living cost
8 481
8 481
8 481
8 481
Free-cash
46 544
48 958
39 493
39 492

Estimated living cost  is ₴8481 per week

₴5710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴1869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32004
₴23773
₴29617
₴31828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income
-
-
-
9 041
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 667
Employee
19 026
-
64 243
-
surtax
-
-
-
-
social contributions
2 093
-
7 066
-
income
3 718
-
20 188
-
total
5 811
-
27 254
-
Employer
19 026
-
64 243
-
social contributions
4 518
-
15 257
-
total
4 518
-
15 257
-
Corporate
55 955
79 500
-
-
income
11 750
16 695
-
-
surtax
-
-
-
-
total
11 750
16 695
-
-
Dividends
44 205
62 805
-
-
withholding
12 377
17 585
-
-
total
12 377
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 456
34 280
42 511
36 667
After tax
45 044
45 220
36 989
42 833
Living cost
13 216
13 216
13 216
13 216
Free-cash
31 828
32 004
23 773
29 617

Estimated living cost  is ₴13216 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35847
₴25406
₴27465
₴32529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
21 176
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 858
total
-
-
-
34 807
Employee
23 675
-
65 015
-
other
23
-
46
-
unemployment
367
-
704
-
pensions
1 113
-
2 136
-
income
4 945
-
19 494
-
total
6 448
-
22 380
-
Employer
23 675
-
65 015
-
pensions
5 587
-
10 723
-
accident
469
-
900
-
unemployment
1 302
-
2 499
-
other
190
-
364
-
total
7 548
-
14 486
-
Corporate
48 277
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.

7 241
11 925
-
-
total
7 241
11 925
-
-
Dividends
41 035
67 575
-
-
withholding
8 506
14 500
-
-
total
8 506
14 500
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 743
26 425
36 866
34 807
After tax
49 757
53 075
42 634
44 693
Living cost
17 228
17 228
17 228
17 228
Free-cash
32 529
35 847
25 406
27 465

Estimated living cost  is ₴17228 per week

₴12373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59540
₴57613
₴54571
₴56550
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
unemployment
-
-
-
68
health
-
-
-
1 969
pensions

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

-
-
-
2 534
total
-
-
-
16 496
Employee
11 167
-
76 140
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

980
-
1 504
-
income
1 117
-
7 614
-
health
514
-
788
-
total
2 734
-
10 094
-
Employer
11 167
-
76 140
-
health
771
-
1 182
-
pensions

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

1 231
-
1 887
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
unemployment
67
-
103
-
total
2 192
-
3 360
-
Corporate
66 143
79 500
-
-
income
6 614
7 950
-
-
total
6 614
7 950
-
-
Dividends
59 528
71 550
-
-
withholding
2 977
3 577
-
-
total
2 977
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 517
11 527
13 454
16 496
After tax
64 983
67 973
66 046
63 004
Living cost
8 433
8 433
8 433
8 433
Free-cash
56 550
59 540
57 613
54 571

Estimated living cost  is ₴8433 per week

₴5578
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22000
₴32100
₴23962
₴28413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 815
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.

-
-
-
1 310
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.

-
-
-
3 349
trade
-
-
-
8 138
total
-
-
-
36 612
Employee

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

24 391
-
79 500
-
surtax

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

111
-
1 310
-
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.

2 006
-
23 815
-
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.

3 349
-
3 349
-
total
5 466
-
28 474
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 109
79 500
-
-
income
8 266
11 925
-
-
surtax

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

455
656
-
-
chamber of commerce
155
191
-
-
trade
7 908
11 408
-
-
total
16 784
24 180
-
-
Dividends
38 324
55 320
-
-
surtax

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

516
751
-
-
withholding
9 395
13 643
-
-
total
9 911
14 394
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 161
38 574
28 474
36 612
After tax
47 339
40 926
51 026
42 888
Living cost
18 926
18 926
18 926
18 926
Free-cash
28 413
22 000
32 100
23 962

Estimated living cost  is ₴18926 per week

₴13056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27726
₴14773
₴14773
₴28807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 697
social contributions
-
-
-
13 105
total
-
-
-
36 802
Employee
38 346
-
79 500
-
income
7 236
-
23 697
-
social contributions
3 186
-
13 105
-
total
10 422
-
36 802
-
Employer
38 346
-
79 500
-
total
-
-
-
-
Corporate
41 154
79 500
-
-
income
5 144
9 937
-
-
total
5 144
9 937
-
-
Dividends
36 010
69 563
-
-
withholding
7 202
13 912
-
-
total
7 202
13 912
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 768
23 849
36 802
36 802
After tax
56 732
55 651
42 698
42 698
Living cost
27 925
27 925
27 925
27 925
Free-cash
28 807
27 726
14 773
14 773

Estimated living cost  is ₴27925 per week

₴21245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
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.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31290
₴39149
₴44768
₴33003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 954
health

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

-
-
-
2 983
total
-
-
-
16 937
Employee
22 488
-
77 245
-
income
2 440
-
18 046
-
social contributions
2 253
-
2 255
-
total
4 693
-
20 301
-
Employer
22 488
-
77 245
-
social contributions
2 253
-
2 255
-
total
2 253
-
2 255
-
Corporate
54 759
79 500
-
-
income
19 166
27 825
-
-
total
19 166
27 825
-
-
Dividends
35 593
51 675
-
-
social contributions
2 590
2 590
-
-
total
2 590
2 590
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 702
30 415
22 556
16 937
After tax
50 798
49 085
56 944
62 563
Living cost
17 795
17 795
17 795
17 795
Free-cash
33 003
31 290
39 149
44 768

Estimated living cost  is ₴17795 per week

₴11722
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.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴34606
₴27841
₴35071
₴37498
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
22 031
pensions
-
-
-
4 263
total
-
-
-
26 294
Employee
24 893
-
69 508
-
pensions
1 900
-
5 290
-
income
4 533
-
17 209
-
health
325
-
1 033
-
total
6 758
-
23 532
-
Employer
24 893
-
69 508
-
health
473
-
1 320
-
pensions
2 515
-
8 672
-
total
2 988
-
9 992
-
Corporate
51 619
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.

9 807
15 105
-
-
total
9 807
15 105
-
-
Dividends
41 812
64 395
-
-
withholding
4 314
11 654
-
-
total
4 314
11 654
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 867
26 759
33 524
26 294
After tax
55 633
52 741
45 976
53 206
Living cost
18 135
18 135
18 135
18 135
Free-cash
37 498
34 606
27 841
35 071

Estimated living cost  is ₴18135 per week

₴12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5378
₴31087
₴42557
₴4629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
21 670
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 064
total
-
-
-
25 125
Employee
18 590
-
71 105
-
pensions
2 093
-
3 785
-
income
2 550
-
16 273
-
health
2 128
-
8 141
-
total
6 771
-
28 199
-
Employer
18 590
-
71 105
-
pensions
3 023
-
5 466
-
accident
310
-
1 188
-
unemployment
455
-
1 742
-
total
3 788
-
8 396
-
Corporate
57 121
79 500
-
-
income

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

51 409
71 550
-
-
total
51 409
71 550
-
-
Dividends
5 712
7 950
-
-
withholding
1 085
1 510
-
-
total
1 085
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 053
73 060
36 595
25 125
After tax
16 447
6 440
42 905
54 375
Living cost
11 818
11 818
11 818
11 818
Free-cash
4 629
-5 378
31 087
42 557

Estimated living cost  is ₴11818 per week

₴8673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
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.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴60277
₴49094
₴38313
₴57983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
79 500
income
-
-
-
13 004
unemployment
-
-
-
941
work injury
-
-
-
392
health insurance
-
-
-
5 802
pensions
-
-
-
14 426
total
-
-
-
34 565
Employee

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

10 595
-
79 500
-
health insurance
784
-
2 901
-
unemployment
127
-
470
-
work injury
53
-
196
-
pensions
1 950
-
7 213
-
income
1 060
-
13 004
-
total
3 974
-
23 784
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 905
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%.

689
795
-
-
total
689
795
-
-
Dividends
68 216
78 705
-
-
withholding
10 232
11 806
-
-
total
10 232
11 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 895
12 601
23 784
34 565
After tax
64 605
66 899
55 716
44 935
Living cost
6 622
6 622
6 622
6 622
Free-cash
57 983
60 277
49 094
38 313

Estimated living cost  is ₴6622 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22346
₴14436
₴17925
₴20115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 448
regional
-
-
-
1 814
municipal
-
-
-
531
national
-
-
-
19 253
total
-
-
-
42 046
Employee
41 309
-
79 500
-
municipal
247
-
474
-
national
6 981
-
16 645
-
regional
624
-
1 608
-
social contributions
13 929
-
26 808
-
total
21 781
-
45 535
-
Employer
41 309
-
79 500
-
total
-
-
-
-
Corporate
38 191
79 500
-
-
municipal
1 841
3 832
-
-
nationa
9 166
19 080
-
-
total
11 007
22 912
-
-
Dividends
27 184
56 588
-
-
withholding
7 068
14 713
-
-
total
7 068
14 713
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 856
37 625
45 535
42 046
After tax
39 644
41 875
33 965
37 454
Living cost
19 529
19 529
19 529
19 529
Free-cash
20 115
22 346
14 436
17 925

Estimated living cost  is ₴19529 per week

₴13718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
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.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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