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
₴30430
₴24858
₴35958
₴27124
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
trade
-
-
-
8 834
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.

-
-
-
23 554
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.

-
-
-
3 440
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.

-
-
-
1 296
total
-
-
-
37 124
Employee

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

19 259
-
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.

30
-
1 296
-
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.

3 440
-
3 440
-
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.

538
-
23 554
-
total
4 008
-
28 290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 241
79 500
-
-
trade
9 488
12 522
-
-
income
9 036
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.

497
656
-
-
chamber of commerce
163
191
-
-
total
19 184
25 294
-
-
Dividends
41 057
54 207
-
-
withholding
10 072
13 361
-
-
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.

554
735
-
-
total
10 626
14 096
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 818
39 390
28 290
37 124
After tax
45 682
40 110
51 210
42 376
Living cost
15 252
15 252
15 252
15 252
Free-cash
30 430
24 858
35 958
27 124

Estimated living cost  is ₴15252 per week

₴9594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23393
₴23822
₴21921
₴21296
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 540
municipal
-
-
-
8 638
national
-
-
-
13 385
total
-
-
-
32 418
Employee
39 972
-
68 727
-
national
7 651
-
13 862
-
municipal
4 937
-
8 945
-
pensions
1 599
-
2 749
-
total
14 187
-
25 556
-
Employer
39 972
-
68 727
-
pensions
3 198
-
5 498
-
social contributions
430
-
739
-
total
3 628
-
6 237
-
Corporate
33 262
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%.

6 652
15 900
-
-
total
6 652
15 900
-
-
Dividends
26 610
63 600
-
-
withholding
5 854
13 992
-
-
total
5 854
13 992
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 321
29 892
31 793
32 418
After tax
49 179
49 608
47 707
47 082
Living cost
25 786
25 786
25 786
25 786
Free-cash
23 393
23 822
21 921
21 296

Estimated living cost  is ₴25786 per week

₴17526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴386
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48994
₴53124
₴37466
₴16167
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
social contributions

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

-
-
-
19 293
income
-
-
-
13 291
microenterprise
-
-
-
-
surtax
-
-
-
20 273
total
-
-
-
52 857
Employee
14 714
-
57 831
-
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.

1 619
-
6 361
-
income
2 619
-
11 265
-
total
4 238
-
17 626
-
Employer
14 714
-
57 831
-
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.

3 544
-
13 932
-
surtax
-
-
-
-
total
3 544
-
13 932
-
Corporate
61 242
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%.

12 248
15 900
-
-
total
12 248
15 900
-
-
Dividends

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

48 994
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
20 030
15 900
31 558
52 857
After tax
59 470
63 600
47 942
26 643
Living cost
10 476
10 476
10 476
10 476
Free-cash
48 994
53 124
37 466
16 167

Estimated living cost  is ₴10476 per week

₴6683
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.
₴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.
₴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 Riga model

Close
Rotterdam , Netherlands
₴15044
₴18129
₴27577
₴23436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 861
pensions
-
-
-
5 900
health
-
-
-
6 209
total
-
-
-
34 970
Employee
43 000
43 000
70 142
-
health
6 600
5 614
6 209
-
pensions
7 740
5 900
5 900
-
income

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

7 038
7 038
9 362
-
total
21 378
18 552
21 471
-
Employer
43 000
43 000
70 142
-
pensions
2 993
2 993
3 720
-
unemployment
1 548
1 548
1 924
-
health
2 989
2 989
3 714
-
total
7 530
7 530
9 358
-
Corporate
29 498
28 970
-
-
income
5 900
5 794
-
-
total
5 900
5 794
-
-
Dividends
23 598
23 176
-
-
withholding
3 539
3 476
-
-
income
5 015
4 925
-
-
total
8 554
8 401
-
-
Income
79 500
79 500
79 500
79 500
Total tax
43 362
40 277
30 829
34 970
After tax
36 138
39 223
48 671
44 530
Living cost
21 094
21 094
21 094
21 094
Free-cash
15 044
18 129
27 577
23 436

Estimated living cost  is ₴21094 per week

₴14949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3908
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22239
₴22704
₴20351
₴20855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 272
unemployment
-
-
-
45
pensions
-
-
-
4 905
municipal
-
-
-
19 787
accident
-
-
-
91
national
-
-
-
5 011
health
-
-
-
2 831
total
-
-
-
37 942
Employee
29 500
-
65 244
-
national
-
-
4 734
-
municipal
8 797
-
19 456
-
total
8 797
-
24 190
-
Employer
29 500
-
65 244
-
other
3 428
-
5 272
-
accident
59
-
91
-
pensions
3 189
-
4 905
-
unemployment
779
-
1 198
-
health
1 814
-
2 790
-
total
9 269
-
14 256
-
Corporate
40 731
79 500
-
-
income
8 961
17 490
-
-
total
8 961
17 490
-
-
Dividends
31 770
62 010
-
-
withholding
9 531
18 603
-
-
total
9 531
18 603
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 558
36 093
38 446
37 942
After tax
42 942
43 407
41 054
41 558
Living cost
20 703
20 703
20 703
20 703
Free-cash
22 239
22 704
20 351
20 855

Estimated living cost  is ₴20703 per week

₴13721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2032
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26998
₴19922
₴31429
₴22202
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
trade
-
-
-
9 227
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.

-
-
-
23 554
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.

-
-
-
3 440
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.

-
-
-
1 296
total
-
-
-
37 517
Employee

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

25 535
-
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.

120
-
1 296
-
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.

3 440
-
3 440
-
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.

2 194
-
23 554
-
total
5 754
-
28 290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 965
79 500
-
-
trade
8 877
13 078
-
-
income
8 094
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.

445
656
-
-
chamber of commerce
153
189
-
-
total
17 569
25 848
-
-
Dividends
36 395
53 652
-
-
withholding
8 908
13 222
-
-
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.

490
727
-
-
total
9 398
13 949
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 721
39 797
28 290
37 517
After tax
46 779
39 703
51 210
41 983
Living cost
19 781
19 781
19 781
19 781
Free-cash
26 998
19 922
31 429
22 202

Estimated living cost  is ₴19781 per week

₴13230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2086
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.
₴4170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39607
₴41693
₴37744
₴38466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 147
income
-
-
-
14 527
health
-
-
-
2 028
total
-
-
-
24 702
Employee
38 719
38 719
73 800
-
health
385
658
1 255
-
social contributions
1 881
3 214
4 334
-
income
4 066
3 584
14 136
-
total
6 332
7 456
19 725
-
Employer
38 719
38 719
73 800
-
social contributions
1 881
3 214
4 334
-
health
419
717
1 365
-
total
2 300
3 931
5 699
-
Corporate
54 534
36 850
-
-
income
6 817
4 607
-
-
total
6 817
4 607
-
-
Dividends
47 718
32 244
-
-
withholding
8 112
5 481
-
-
total
8 112
5 481
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 561
21 475
25 424
24 702
After tax
55 939
58 025
54 076
54 798
Living cost
16 332
16 332
16 332
16 332
Free-cash
39 607
41 693
37 744
38 466

Estimated living cost  is ₴16332 per week

₴11165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1276
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.
₴3618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35514
₴35319
₴36723
₴45711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
unemployment
-
-
-
1 192
income
-
-
-
9 719
pensions
-
-
-
7 950
health
-
-
-
5 565
total
-
-
-
24 426
Employee

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

The minimum wage is 138,000 HUF per month.

13 516
5 379
66 527
-
unemployment
203
81
998
-
health
946
377
4 657
-
pensions
1 352
538
6 653
-
income
1 652
658
8 133
-
total
4 153
1 654
20 441
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 516
5 379
66 527
-
pensions
2 636
1 049
12 973
-
total
2 636
1 049
12 973
-
Corporate
63 348
73 072
-
-
income
5 701
6 576
-
-
total
5 701
6 576
-
-
Dividends
57 647
66 495
-
-
withholding
10 953
12 634
-
-
social contributions
11 180
12 905
-
-
total
22 133
25 539
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 623
34 818
33 414
24 426
After tax
44 877
44 682
46 086
55 074
Living cost
9 363
9 363
9 363
9 363
Free-cash
35 514
35 319
36 723
45 711

Estimated living cost  is ₴9363 per week

₴6390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48310
₴51438
₴33660
₴30451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 652
pensions
-
-
-
15 900
health
-
-
-
10 335
total
-
-
-
36 887
Employee
14 284
-
59 417
-
unemployment
228
-
951
-
pensions
286
-
1 189
-
income
1 608
-
11 455
-
total
2 122
-
13 595
-
Employer
14 284
-
59 417
-
pensions
2 857
-
11 883
-
unemployment
115
-
475
-
health
1 857
-
7 725
-
total
4 829
-
20 083
-
Corporate
60 387
79 500
-
-
income
12 077
15 900
-
-
total
12 077
15 900
-
-
Dividends
48 310
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
19 028
15 900
33 678
36 887
After tax
60 472
63 600
45 822
42 613
Living cost
12 162
12 162
12 162
12 162
Free-cash
48 310
51 438
33 660
30 451

Estimated living cost  is ₴12162 per week

₴8342
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
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.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4705
-₴4865
₴31493
₴43082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
21 535
pensions
-
-
-
2 138
accident
-
-
-
130
health
-
-
-
1 121
total
-
-
-
25 114
Employee
17 782
-
70 917
-
health
2 036
-
8 120
-
pensions
2 002
-
3 920
-
income
2 440
-
16 081
-
total
6 478
-
28 121
-
Employer
17 782
-
70 917
-
accident
297
-
1 184
-
pensions
2 892
-
5 661
-
unemployment
436
-
1 737
-
total
3 625
-
8 582
-
Corporate
58 094
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.

52 284
71 550
-
-
total
52 284
71 550
-
-
Dividends
5 809
7 950
-
-
withholding
1 104
1 511
-
-
total
1 104
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 491
73 061
36 703
25 114
After tax
16 009
6 439
42 797
54 386
Living cost
11 304
11 304
11 304
11 304
Free-cash
4 705
-4 865
31 493
43 082

Estimated living cost  is ₴11304 per week

₴8285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴626
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.
₴2157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70653
₴71422
₴59497
₴74602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 128
-
79 500
-
income
1 026
-
15 900
-
total
1 026
-
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%.

74 372
79 500
-
-
total
-
-
-
-
Dividends
74 372
79 500
-
-
withholding
3 718
3 975
-
-
total
3 718
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
4 744
3 975
15 900
795
After tax
74 756
75 525
63 600
78 705
Living cost
4 103
4 103
4 103
4 103
Free-cash
70 653
71 422
59 497
74 602

Estimated living cost  is ₴4103 per week

₴2542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41592
₴44992
₴31862
₴29301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 637
income
-
-
-
11 399
pensions

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

-
-
-
18 377
health
-
-
-
3 369
total
-
-
-
36 782
Employee
18 283
-
63 498
-
unemployment
183
-
635
-
health
256
-
889
-
pensions

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

1 279
-
4 445
-
income
3 148
-
12 251
-
total
4 866
-
18 220
-
Employer
18 283
-
63 498
-
other
914
-
3 174
-
accident
146
-
508
-
pensions

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

3 108
-
10 795
-
unemployment
183
-
635
-
health
256
-
889
-
total
4 607
-
16 001
-
Corporate
56 610
79 500
-
-
income
11 888
16 695
-
-
total
11 888
16 695
-
-
Dividends
44 722
62 805
-
-
withholding
3 130
4 396
-
-
total
3 130
4 396
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 491
21 091
34 221
36 782
After tax
55 009
58 409
45 279
42 718
Living cost
13 417
13 417
13 417
13 417
Free-cash
41 592
44 992
31 862
29 301

Estimated living cost  is ₴13417 per week

₴9480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19672
₴19770
₴12960
₴20198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
21 907
pensions
-
-
-
4 299
total
-
-
-
26 206
Employee
46 826
-
69 518
-
health
772
-
1 038
-
pensions
4 517
-
5 344
-
income
8 441
-
17 081
-
total
13 730
-
23 463
-
Employer
46 826
-
69 518
-
pensions
5 529
-
8 660
-
health
889
-
1 321
-
total
6 418
-
9 981
-
Corporate
26 256
79 500
-
-
income

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

4 988
15 105
-
-
total
4 988
15 105
-
-
Dividends
21 268
64 395
-
-
withholding
1 596
11 529
-
-
total
1 596
11 529
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 732
26 634
33 444
26 206
After tax
52 768
52 866
46 056
53 294
Living cost
33 096
33 096
33 096
33 096
Free-cash
19 672
19 770
12 960
20 198

Estimated living cost  is ₴33096 per week

₴24799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴59037
₴61374
₴59304
₴56284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
unemployment
-
-
-
70
income
-
-
-
11 925
pensions

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

-
-
-
2 602
health
-
-
-
2 021
total
-
-
-
16 618
Employee
8 737
-
76 051
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
402
-
809
-
pensions

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

767
-
1 543
-
income
874
-
7 605
-
total
2 139
-
10 150
-
Employer
8 737
-
76 051
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

963
-
1 937
-
unemployment
52
-
105
-
health
603
-
1 213
-
total
1 714
-
3 448
-
Corporate
69 049
79 500
-
-
income
6 905
7 950
-
-
total
6 905
7 950
-
-
Dividends
62 144
71 550
-
-
withholding
3 107
3 578
-
-
total
3 107
3 578
-
-
Income
79 500
79 500
79 500
79 500
Total tax
13 865
11 528
13 598
16 618
After tax
65 635
67 972
65 902
62 882
Living cost
6 598
6 598
6 598
6 598
Free-cash
59 037
61 374
59 304
56 284

Estimated living cost  is ₴6598 per week

₴3852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12567
₴11301
₴20749
₴16608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 861
pensions
-
-
-
5 900
health
-
-
-
6 209
total
-
-
-
34 970
Employee
46 684
43 000
70 142
-
health
5 824
5 614
6 209
-
pensions
5 900
5 900
5 900
-
income

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

7 038
7 038
9 362
-
total
18 762
18 552
21 471
-
Employer
46 684
43 000
70 142
-
pensions
3 249
2 993
3 720
-
unemployment
1 681
1 548
1 924
-
health
3 244
2 989
3 714
-
total
8 174
7 530
9 358
-
Corporate
24 642
28 970
-
-
income
4 929
5 794
-
-
total
4 929
5 794
-
-
Dividends
19 714
23 176
-
-
withholding
2 957
3 476
-
-
income
4 189
4 925
-
-
total
7 146
8 401
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 011
40 277
30 829
34 970
After tax
40 489
39 223
48 671
44 530
Living cost
27 922
27 922
27 922
27 922
Free-cash
12 567
11 301
20 749
16 608

Estimated living cost  is ₴27922 per week

₴20597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37764
₴42227
₴27835
₴30643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 000
income
-
-
-
7 615
health
-
-
-
10 733
solidarity contribution
-
-
-
-
total
-
-
-
36 348
Employee
18 396
-
59 328
-
solidarity contribution
-
-
-
-
health
2 483
-
8 009
-
social contributions
1 196
-
3 856
-
income
2 208
-
7 119
-
total
5 887
-
18 984
-
Employer
18 396
-
59 328
-
social contributions
4 599
-
14 832
-
health
1 656
-
5 340
-
total
6 255
-
20 172
-
Corporate
54 849
79 500
-
-
income
10 421
15 105
-
-
total
10 421
15 105
-
-
Dividends
44 428
64 395
-
-
withholding
6 664
9 659
-
-
total
6 664
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 227
24 764
39 156
36 348
After tax
50 273
54 736
40 344
43 152
Living cost
12 509
12 509
12 509
12 509
Free-cash
37 764
42 227
27 835
30 643

Estimated living cost  is ₴12509 per week

₴8689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18541
₴21169
₴13696
₴17285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
regional
-
-
-
929
social contributions
-
-
-
20 448
municipal
-
-
-
472
national
-
-
-
19 119
total
-
-
-
40 968
Employee
44 751
-
79 500
-
national
7 754
-
16 511
-
regional
422
-
818
-
municipal
237
-
421
-
social contributions
15 090
-
26 807
-
total
23 503
-
44 557
-
Employer
44 751
-
79 500
-
total
-
-
-
-
Corporate
34 749
79 500
-
-
nationa
8 340
19 080
-
-
municipal
1 355
3 101
-
-
total
9 695
22 181
-
-
Dividends
25 054
57 319
-
-
withholding
6 514
14 903
-
-
total
6 514
14 903
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 712
37 084
44 557
40 968
After tax
39 788
42 416
34 943
38 532
Living cost
21 247
21 247
21 247
21 247
Free-cash
18 541
21 169
13 696
17 285

Estimated living cost  is ₴21247 per week

₴14811
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37328
₴38894
₴23708
₴26617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
20 457
pensions
-
-
-
13 441
health
-
-
-
4 771
surtax
-
-
-
2 988
total
-
-
-
41 772
Employee
16 652
-
65 675
-
surtax
54
-
2 529
-
unemployment
1 159
-
4 571
-
other
-
-
-
-
health
425
-
1 675
-
pensions
1 110
-
4 380
-
income
2 791
-
17 701
-
total
5 539
-
30 856
-
Employer
16 652
-
65 675
-
other
-
-
-
-
pensions
2 220
-
8 755
-
unemployment
527
-
2 082
-
health
758
-
2 988
-
total
3 505
-
13 825
-
Corporate
59 343
79 500
-
-
income
15 429
20 670
-
-
total
15 429
20 670
-
-
Dividends
43 914
58 830
-
-
withholding
6 588
8 825
-
-
total
6 588
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 061
29 495
44 681
41 772
After tax
48 439
50 005
34 819
37 728
Living cost
11 111
11 111
11 111
11 111
Free-cash
37 328
38 894
23 708
26 617

Estimated living cost  is ₴11111 per week

₴6794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1025
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.
₴3036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33060
₴30256
₴23446
₴30684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
21 907
pensions
-
-
-
4 299
total
-
-
-
26 206
Employee
31 381
-
69 518
-
health
456
-
1 038
-
pensions
2 664
-
5 344
-
income
5 652
-
17 081
-
total
8 772
-
23 463
-
Employer
31 381
-
69 518
-
pensions
3 397
-
8 660
-
health
596
-
1 321
-
total
3 993
-
9 981
-
Corporate
44 126
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.

8 384
15 105
-
-
total
8 384
15 105
-
-
Dividends
35 741
64 395
-
-
withholding
2 681
11 529
-
-
total
2 681
11 529
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 830
26 634
33 444
26 206
After tax
55 670
52 866
46 056
53 294
Living cost
22 610
22 610
22 610
22 610
Free-cash
33 060
30 256
23 446
30 684

Estimated living cost  is ₴22610 per week

₴16939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1695
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.
₴3739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13605
-₴3407
₴21325
₴25189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
838
regional
-
-
-
3 617
pensions
-
-
-
7 314
national
-
-
-
1 012
health
-
-
-
179
total
-
-
-
14 550
Employee
46 530
-
71 156
-
national
220
-
828
-
unemployment
-
-
-
-
city
499
-
765
-
regional
1 524
-
3 123
-
health
105
-
160
-
pensions
3 909
-
5 977
-
total
6 257
-
10 853
-
Employer
46 530
-
71 156
-
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.

930
-
1 424
-
pensions
3 909
-
5 977
-
unemployment
-
-
-
-
health
105
-
160
-
total
4 944
-
7 561
-
Corporate
27 513
79 500
-
-
regional
5 819
16 814
-
-
national
2 339
6 757
-
-
total
8 158
23 571
-
-
Dividends
19 356
55 929
-
-
withholding
6 775
19 575
-
-
total
6 775
19 575
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 134
43 146
18 414
14 550
After tax
53 366
36 354
61 086
64 950
Living cost
39 761
39 761
39 761
39 761
Free-cash
13 605
-3 407
21 325
25 189

Estimated living cost  is ₴39761 per week

₴25856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3568
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴488
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24394
₴16227
₴28143
₴18523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
trade
-
-
-
9 620
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.

-
-
-
23 554
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.

-
-
-
3 440
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.

-
-
-
1 296
total
-
-
-
37 910
Employee

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

30 261
-
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.

196
-
1 296
-
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.

3 440
-
3 440
-
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.

3 558
-
23 554
-
total
7 194
-
28 290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 239
79 500
-
-
trade
8 444
13 634
-
-
income
7 385
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.

406
656
-
-
chamber of commerce
146
188
-
-
total
16 381
26 403
-
-
Dividends
32 857
53 097
-
-
withholding
8 023
13 083
-
-
surtax

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

441
720
-
-
total
8 464
13 803
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 039
40 206
28 290
37 910
After tax
47 461
39 294
51 210
41 590
Living cost
23 067
23 067
23 067
23 067
Free-cash
24 394
16 227
28 143
18 523

Estimated living cost  is ₴23067 per week

₴16847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1845
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.
₴4075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25815
₴22839
₴27487
₴27721
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 464
social contributions
-
-
-
2 266
income
-
-
-
11 694
pensions
-
-
-
15 053
health
-
-
-
3 074
surtax
-
-
-
-
total
-
-
-
34 551
Employee
21 550
-
62 116
-
surtax
-
-
-
-
pensions
2 437
-
4 074
-
social contributions
614
-
1 770
-
income
1 272
-
11 557
-
total
4 323
-
17 401
-
Employer
21 550
-
62 116
-
other
743
-
2 319
-
pensions
3 540
-
6 904
-
unemployment
872
-
2 516
-
social contributions
65
-
186
-
health
1 509
-
5 459
-
total
6 729
-
17 384
-
Corporate
51 220
79 500
-
-
income
14 342
22 260
-
-
surtax
-
-
-
-
total
14 342
22 260
-
-
Dividends
36 878
57 240
-
-
withholding
4 720
7 327
-
-
social contributions
6 343
9 846
-
-
surtax
-
-
-
-
total
11 063
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 457
39 433
34 785
34 551
After tax
43 043
40 067
44 715
44 949
Living cost
17 228
17 228
17 228
17 228
Free-cash
25 815
22 839
27 487
27 721

Estimated living cost  is ₴17228 per week

₴10863
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27347
₴24546
₴29194
₴29428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 464
social contributions
-
-
-
2 266
income
-
-
-
11 694
pensions
-
-
-
15 053
health
-
-
-
3 074
surtax
-
-
-
-
total
-
-
-
34 551
Employee
19 237
-
62 116
-
surtax
-
-
-
-
pensions
2 176
-
4 074
-
social contributions
548
-
1 770
-
income
992
-
11 557
-
total
3 716
-
17 401
-
Employer
19 237
-
62 116
-
other
664
-
2 319
-
pensions
3 161
-
6 904
-
unemployment
779
-
2 516
-
social contributions
57
-
186
-
health
1 346
-
5 459
-
total
6 007
-
17 384
-
Corporate
54 256
79 500
-
-
income
15 191
22 260
-
-
surtax
-
-
-
-
total
15 191
22 260
-
-
Dividends
39 064
57 240
-
-
withholding
5 000
7 327
-
-
social contributions
6 718
9 846
-
-
surtax
-
-
-
-
total
11 718
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 632
39 433
34 785
34 551
After tax
42 868
40 067
44 715
44 949
Living cost
15 521
15 521
15 521
15 521
Free-cash
27 347
24 546
29 194
29 428

Estimated living cost  is ₴15521 per week

₴9001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38086
₴37825
₴39008
₴40378
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 971
income
-
-
-
11 925
health
-
-
-
5 549
total
-
-
-
28 445
Employee
17 073
-
79 500
-
health
1 192
-
5 549
-
social contributions
2 356
-
10 971
-
income
2 848
-
13 295
-
total
6 396
-
29 815
-
Employer
17 073
-
79 500
-
total
-
-
-
-
Corporate
62 427
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%.

3 122
3 975
-
-
total
3 122
3 975
-
-
Dividends
59 305
75 525
-
-
health
4 139
5 272
-
-
withholding
8 896
11 329
-
-
social contributions
8 184
10 422
-
-
total
21 219
27 023
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 737
30 998
29 815
28 445
After tax
48 763
48 502
49 685
51 055
Living cost
10 677
10 677
10 677
10 677
Free-cash
38 086
37 825
39 008
40 378

Estimated living cost  is ₴10677 per week

₴7146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25554
₴26332
₴3108
₴23035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
318
unemployment
-
-
-
3 088
income
-
-
-
19 834
pensions
-
-
-
10 883
health
-
-
-
4 500
surtax
-
-
-
99
total
-
-
-
38 722
Employee
25 164
20 067
62 223
-
unemployment
755
602
1 765
-
other
251
201
589
-
health
974
777
2 276
-
pensions
2 577
2 054
6 024
-
income
2 865
1 480
15 640
-
total
7 422
5 114
26 294
-
Employer
25 164
20 067
62 223
-
payroll
755
602
1 867
-
other
1 195
953
2 927
-
accident
327
261
764
-
pensions
3 158
2 519
7 383
-
unemployment
755
602
1 765
-
chamber of commerce
100
80
248
-
surtax
99
99
99
-
health
951
759
2 224
-
total
7 340
5 875
17 277
-
Corporate
46 995
53 559
60 312
-
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.

11 748
13 390
15 078
-
total
11 748
13 390
15 078
-
Dividends
35 247
40 169
-
-
withholding
9 693
11 046
-
-
total
9 693
11 046
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 203
35 425
58 649
38 722
After tax
43 297
44 075
20 851
40 778
Living cost
17 743
17 743
17 743
17 743
Free-cash
25 554
26 332
3 108
23 035

Estimated living cost  is ₴17743 per week

₴11834
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18569
₴26121
₴10143
₴16131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
12 362
national
-
-
-
28 618
communal

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

-
-
-
4 029
total
-
-
-
45 009
Employee

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

36 018
-
61 576
-
national
11 073
-
21 813
-
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.

313
-
536
-
health

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

1 692
-
2 894
-
pensions

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

2 701
-
4 618
-
communal

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

1 879
-
3 212
-
total
17 658
-
33 073
-
Employer

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

36 018
-
61 576
-
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.

468
-
800
-
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.

3 192
-
5 455
-
unemployment

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

526
-
899
-
surtax
4 084
-
6 983
-
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.

2 215
-
3 787
-
total
10 485
-
17 924
-
Corporate
32 998
79 500
-
-
income
6 600
15 900
-
-
surtax
132
318
-
-
total
6 732
16 218
-
-
Dividends
26 266
63 281
-
-
withholding

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

7 696
18 801
-
-
total
7 696
18 801
-
-
Income
79 500
79 500
79 500
79 500
Total tax
42 571
35 019
50 997
45 009
After tax
36 929
44 481
28 503
34 491
Living cost
18 360
18 360
18 360
18 360
Free-cash
18 569
26 121
10 143
16 131

Estimated living cost  is ₴18360 per week

₴11826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31302
₴34918
₴24420
₴26533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
327
income
-
-
-
20 780
pensions
-
-
-
13 208
accident
-
-
-
420
total
-
-
-
34 782
Employee
25 065
-
64 621
-
unemployment
389
-
723
-
other
25
-
47
-
pensions
1 178
-
2 194
-
income
5 288
-
19 051
-
total
6 880
-
22 015
-
Employer
25 065
-
64 621
-
other
200
-
374
-
accident
496
-
924
-
pensions
5 915
-
11 015
-
unemployment
1 379
-
2 567
-
total
7 990
-
14 880
-
Corporate
46 446
79 500
-
-
income

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

6 967
11 925
-
-
total
6 967
11 925
-
-
Dividends
39 479
67 575
-
-
withholding
8 176
14 472
-
-
total
8 176
14 472
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 013
26 397
36 895
34 782
After tax
49 487
53 103
42 605
44 718
Living cost
18 185
18 185
18 185
18 185
Free-cash
31 302
34 918
24 420
26 533

Estimated living cost  is ₴18185 per week

₴13391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1290
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13695
₴19684
₴16139
₴12971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 027
pensions
-
-
-
11 916
accident
-
-
-
670
communal
-
-
-
5 024
health
-
-
-
5 586
surtax
-
-
-
3 942
total
-
-
-
39 165
Employee
38 132
-
71 014
-
surtax
2 337
-
4 353
-
health
1 697
-
3 160
-
pensions
3 050
-
5 681
-
income
3 683
-
14 317
-
total
10 767
-
27 511
-
Employer
38 132
-
71 014
-
accident
343
-
639
-
pensions
3 050
-
5 681
-
health
1 163
-
2 166
-
total
4 556
-
8 486
-
Corporate
36 812
79 500
-
-
income
5 522
11 925
-
-
communal
2 484
5 366
-
-
surtax
387
835
-
-
total
8 393
18 126
-
-
Dividends
28 418
61 373
-
-
withholding
4 263
9 206
-
-
income
10 462
5 120
-
-
total
14 725
14 326
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 441
32 452
35 997
39 165
After tax
41 059
47 048
43 503
40 335
Living cost
27 364
27 364
27 364
27 364
Free-cash
13 695
19 684
16 139
12 971

Estimated living cost  is ₴27364 per week

₴20527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37094
₴38695
₴23509
₴26418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
20 457
pensions
-
-
-
13 441
health
-
-
-
4 771
surtax
-
-
-
2 988
total
-
-
-
41 772
Employee
16 957
-
65 675
-
surtax
60
-
2 529
-
unemployment
1 180
-
4 571
-
other
-
-
-
-
health
433
-
1 675
-
pensions
1 131
-
4 380
-
income
2 843
-
17 701
-
total
5 647
-
30 856
-
Employer
16 957
-
65 675
-
other
-
-
-
-
pensions
2 261
-
8 755
-
unemployment
538
-
2 082
-
health
771
-
2 988
-
total
3 570
-
13 825
-
Corporate
58 973
79 500
-
-
income
15 333
20 670
-
-
total
15 333
20 670
-
-
Dividends
43 640
58 830
-
-
withholding
6 546
8 825
-
-
total
6 546
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 096
29 495
44 681
41 772
After tax
48 404
50 005
34 819
37 728
Living cost
11 310
11 310
11 310
11 310
Free-cash
37 094
38 695
23 509
26 418

Estimated living cost  is ₴11310 per week

₴6828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴983
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27105
₴28223
₴21127
₴24698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
regional
-
-
-
1 199
social contributions
-
-
-
20 448
municipal
-
-
-
472
national
-
-
-
19 119
total
-
-
-
41 238
Employee
27 932
-
79 500
-
national
4 425
-
16 511
-
regional
376
-
1 070
-
municipal
148
-
421
-
social contributions
9 419
-
26 807
-
total
14 368
-
44 809
-
Employer
27 932
-
79 500
-
total
-
-
-
-
Corporate
51 568
79 500
-
-
nationa
12 376
19 080
-
-
municipal
2 563
3 951
-
-
total
14 939
23 031
-
-
Dividends
36 629
56 468
-
-
withholding
9 524
14 682
-
-
total
9 524
14 682
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 831
37 713
44 809
41 238
After tax
40 669
41 787
34 691
38 262
Living cost
13 564
13 564
13 564
13 564
Free-cash
27 105
28 223
21 127
24 698

Estimated living cost  is ₴13564 per week

₴8436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
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.
₴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 Naples model

Close
Prague , Czech Republic
₴33822
₴39321
₴24929
₴27737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 000
income
-
-
-
7 615
health
-
-
-
10 733
solidarity contribution
-
-
-
-
total
-
-
-
36 348
Employee
22 669
-
59 328
-
solidarity contribution
-
-
-
-
health
3 060
-
8 009
-
social contributions
1 473
-
3 856
-
income
2 720
-
7 119
-
total
7 253
-
18 984
-
Employer
22 669
-
59 328
-
social contributions
5 667
-
14 832
-
health
2 040
-
5 340
-
total
7 707
-
20 172
-
Corporate
49 124
79 500
-
-
income
9 334
15 105
-
-
total
9 334
15 105
-
-
Dividends
39 790
64 395
-
-
withholding
5 969
9 659
-
-
total
5 969
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 263
24 764
39 156
36 348
After tax
49 237
54 736
40 344
43 152
Living cost
15 415
15 415
15 415
15 415
Free-cash
33 822
39 321
24 929
27 737

Estimated living cost  is ₴15415 per week

₴11463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴854
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.
₴2831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴27817
₴28063
₴4816
₴24812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
318
unemployment
-
-
-
3 088
income
-
-
-
19 834
pensions
-
-
-
10 883
health
-
-
-
4 500
surtax
-
-
-
-
total
-
-
-
38 623
Employee
22 011
20 067
62 316
-
unemployment
660
602
1 765
-
other
220
201
589
-
health
851
777
2 276
-
pensions
2 254
2 054
6 024
-
income
1 961
1 480
15 679
-
total
5 946
5 114
26 333
-
Employer
22 011
20 067
62 316
-
payroll
660
602
1 869
-
other
1 045
953
2 930
-
accident
286
261
764
-
pensions
2 762
2 519
7 383
-
unemployment
660
602
1 765
-
chamber of commerce
88
80
249
-
surtax
-
-
-
-
health
832
759
2 224
-
total
6 333
5 776
17 184
-
Corporate
51 155
53 658
60 405
-
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.

12 789
13 415
15 102
-
total
12 789
13 415
15 102
-
Dividends
38 366
40 243
-
-
withholding
10 550
11 067
-
-
total
10 550
11 067
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 618
35 372
58 619
38 623
After tax
43 882
44 128
20 881
40 877
Living cost
16 065
16 065
16 065
16 065
Free-cash
27 817
28 063
4 816
24 812

Estimated living cost  is ₴16065 per week

₴9637
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1641
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.
₴4501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴67933
₴69132
₴57207
₴72312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 992
-
79 500
-
income
1 598
-
15 900
-
total
1 598
-
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%.

71 508
79 500
-
-
total
-
-
-
-
Dividends
71 508
79 500
-
-
withholding
3 576
3 975
-
-
total
3 576
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
5 174
3 975
15 900
795
After tax
74 326
75 525
63 600
78 705
Living cost
6 393
6 393
6 393
6 393
Free-cash
67 933
69 132
57 207
72 312

Estimated living cost  is ₴6393 per week

₴4326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37018
₴41229
₴23683
₴25789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
79 500
unemployment
-
-
-
119
income
-
-
-
17 744
pensions
-
-
-
14 519
health
-
-
-
7 823
total
-
-
-
40 205
Employee

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

22 266
-
68 789
-
unemployment
32
-
97
-
health
1 438
-
4 444
-
pensions
3 451
-
10 662
-
income
3 840
-
16 398
-
total
8 761
-
31 601
-
Employer

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

22 266
-
68 789
-
pensions
1 970
-
6 088
-
unemployment
13
-
41
-
health
1 483
-
4 581
-
total
3 466
-
10 710
-
Corporate
53 767
79 500
-
-
income
10 216
15 105
-
-
total
10 216
15 105
-
-
Dividends
43 551
64 395
-
-
withholding
6 533
9 660
-
-
total
6 533
9 660
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 976
24 765
42 311
40 205
After tax
50 524
54 735
37 189
39 295
Living cost
13 506
13 506
13 506
13 506
Free-cash
37 018
41 229
23 683
25 789

Estimated living cost  is ₴13506 per week

₴9269
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.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3500
₴27026
₴51651
₴33599
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
9 063
income
-
-
-
15 496
total
-
-
-
24 559
Employee
30 601
-
-
-
social contributions
2 509
-
358
-
income
6 750
-
-
-
total
9 259
-
358
-
Employer
30 601
-
-
-
social contributions
43 147
-
6 149
-
total
43 147
-
6 149
-
Corporate
5 752
79 500
-
-
income
1 265
17 490
-
-
total
1 265
17 490
-
-
Dividends
4 486
62 010
-
-
income
987
13 642
-
-
total
987
13 642
-
-
Income
79 500
79 500
79 500
79 500
Total tax
54 658
31 132
6 507
24 559
After tax
24 842
48 368
72 993
54 941
Living cost
21 342
21 342
21 342
21 342
Free-cash
3 500
27 026
51 651
33 599

Estimated living cost  is ₴21342 per week

₴13847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2007
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28920
₴29426
₴21346
₴27115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
social contributions

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

-
-
-
27 626
income
-
-
-
8 965
surtax
-
-
-
-
total
-
-
-
36 591
Employee
23 159
-
64 243
-
surtax
-
-
-
-
social contributions
2 547
-
7 066
-
income
4 817
-
20 037
-
total
7 364
-
27 103
-
Employer
23 159
-
64 243
-
social contributions
5 500
-
15 257
-
total
5 500
-
15 257
-
Corporate
50 841
79 500
-
-
income
10 676
16 695
-
-
surtax
-
-
-
-
total
10 676
16 695
-
-
Dividends
40 165
62 805
-
-
withholding
11 246
17 585
-
-
total
11 246
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 786
34 280
42 360
36 591
After tax
44 714
45 220
37 140
42 909
Living cost
15 794
15 794
15 794
15 794
Free-cash
28 920
29 426
21 346
27 115

Estimated living cost  is ₴15794 per week

₴11817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19208
₴15747
₴20395
₴20629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 464
social contributions
-
-
-
2 266
income
-
-
-
11 694
pensions
-
-
-
15 053
health
-
-
-
3 074
surtax
-
-
-
-
total
-
-
-
34 551
Employee
31 537
-
62 116
-
surtax
-
-
-
-
pensions
3 567
-
4 074
-
social contributions
898
-
1 770
-
income
2 752
-
11 557
-
total
7 217
-
17 401
-
Employer
31 537
-
62 116
-
other
1 088
-
2 319
-
pensions
5 182
-
6 904
-
unemployment
1 278
-
2 516
-
social contributions
95
-
186
-
health
2 207
-
5 459
-
total
9 850
-
17 384
-
Corporate
38 113
79 500
-
-
income
10 672
22 260
-
-
surtax
-
-
-
-
total
10 672
22 260
-
-
Dividends
27 441
57 240
-
-
withholding
3 513
7 327
-
-
social contributions
4 720
9 846
-
-
surtax
-
-
-
-
total
8 233
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 972
39 433
34 785
34 551
After tax
43 528
40 067
44 715
44 949
Living cost
24 320
24 320
24 320
24 320
Free-cash
19 208
15 747
20 395
20 629

Estimated living cost  is ₴24320 per week

₴16459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5537
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54723
₴56414
₴45843
₴43731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 143
social contributions
-
-
-
17 490
total
-
-
-
20 633
Employee
16 188
-
68 831
-
social contributions
1 052
-
4 474
-
income
-
-
3 378
-
total
1 052
-
7 852
-
Employer
16 188
-
68 831
-
social contributions
2 509
-
10 669
-
total
2 509
-
10 669
-
Corporate
60 803
79 500
-
-
income
6 080
7 950
-
-
total
6 080
7 950
-
-
Dividends
54 722
71 550
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
9 641
7 950
18 521
20 633
After tax
69 859
71 550
60 979
58 867
Living cost
15 136
15 136
15 136
15 136
Free-cash
54 723
56 414
45 843
43 731

Estimated living cost  is ₴15136 per week

₴9787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴30068
-₴30068
-₴30068
₴23193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
pensions
-
-
-
436
municipal
-
-
-
16 291
labour market
-
-
-
6 325
national
-
-
-
9 036
total
-
-
-
32 088
Employee
102 223
102 223
102 223
-
national
12 488
12 488
12 488
-
municipal
21 768
21 768
21 768
-
labour market
8 166
8 166
8 166
-
pensions
145
145
145
-
total
42 567
42 567
42 567
-
Employer
102 223
102 223
102 223
-
municipal
21 803
21 803
21 803
-
pensions
291
291
291
-
national
12 510
12 510
12 510
-
labour market
8 178
8 178
8 178
-
total
42 782
42 782
42 782
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
85 349
85 349
85 349
32 088
After tax
-5 849
-5 849
-5 849
47 412
Living cost
24 219
24 219
24 219
24 219
Free-cash
-30 068
-30 068
-30 068
23 193

Estimated living cost  is ₴24219 per week

₴16576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴372
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4730
-₴4699
₴31659
₴43248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
21 535
pensions
-
-
-
2 138
accident
-
-
-
130
health
-
-
-
1 121
total
-
-
-
25 114
Employee
17 520
-
70 917
-
health
2 006
-
8 120
-
pensions
1 973
-
3 920
-
income
2 404
-
16 081
-
total
6 383
-
28 121
-
Employer
17 520
-
70 917
-
accident
293
-
1 184
-
pensions
2 849
-
5 661
-
unemployment
429
-
1 737
-
total
3 571
-
8 582
-
Corporate
58 409
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.

52 568
71 550
-
-
total
52 568
71 550
-
-
Dividends
5 841
7 950
-
-
withholding
1 110
1 511
-
-
total
1 110
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 632
73 061
36 703
25 114
After tax
15 868
6 439
42 797
54 386
Living cost
11 138
11 138
11 138
11 138
Free-cash
4 730
-4 699
31 659
43 248

Estimated living cost  is ₴11138 per week

₴8107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴32099
₴31055
₴22957
₴33280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
municipal
-
-
-
14 128
national
-
-
-
11 746
health
-
-
-
1 014
total
-
-
-
26 888
Employee
26 492
-
66 880
-
national
438
-
7 356
-
unemployment
398
-
1 003
-
health
198
-
820
-
municipal
4 339
-
10 898
-
pensions
1 788
-
4 514
-
total
7 161
-
24 591
-
Employer
26 492
-
66 880
-
accident
27
-
67
-
pensions
4 596
-
11 603
-
unemployment
172
-
435
-
health
204
-
515
-
total
4 999
-
12 620
-
Corporate
48 010
79 500
-
-
income
9 602
15 900
-
-
total
9 602
15 900
-
-
Dividends

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

28 805
47 700
-
-
municipal
5 185
8 586
-
-
national
1 122
4 627
-
-
total
6 307
13 213
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 069
29 113
37 211
26 888
After tax
51 431
50 387
42 289
52 612
Living cost
19 332
19 332
19 332
19 332
Free-cash
32 099
31 055
22 957
33 280

Estimated living cost  is ₴19332 per week

₴12628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4538
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43628
₴46367
₴42418
₴43140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 147
income
-
-
-
14 527
health
-
-
-
2 028
total
-
-
-
24 702
Employee
38 719
38 719
73 800
-
health
300
658
1 255
-
social contributions
1 464
3 214
4 334
-
income
4 216
3 584
14 136
-
total
5 980
7 456
19 725
-
Employer
38 719
38 719
73 800
-
social contributions
1 464
3 214
4 334
-
health
326
717
1 365
-
total
1 790
3 931
5 699
-
Corporate
60 072
36 850
-
-
income
7 509
4 607
-
-
total
7 509
4 607
-
-
Dividends
52 563
32 244
-
-
withholding
8 935
5 481
-
-
total
8 935
5 481
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 214
21 475
25 424
24 702
After tax
55 286
58 025
54 076
54 798
Living cost
11 658
11 658
11 658
11 658
Free-cash
43 628
46 367
42 418
43 140

Estimated living cost  is ₴11658 per week

₴6987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1144
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55279
₴57839
₴48353
₴58454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
79 500
unemployment
-
-
-
14
income
-
-
-
8 012
pensions
-
-
-
3 203
health
-
-
-
1 822
total
-
-
-
13 051
Employee

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

11 558
-
74 579
-
unemployment
57
-
239
-
health
982
-
4 061
-
pensions
1 733
-
7 167
-
income
790
-
6 764
-
total
3 562
-
18 231
-
Employer

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

11 558
-
74 579
-
pensions
635
-
2 628
-
unemployment
57
-
239
-
health
497
-
2 054
-
total
1 189
-
4 921
-
Corporate
66 752
79 500
-
-
income
6 008
7 155
-
-
total
6 008
7 155
-
-
Dividends
60 745
72 345
-
-
withholding
5 467
6 511
-
-
total
5 467
6 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
16 226
13 666
23 152
13 051
After tax
63 274
65 834
56 348
66 449
Living cost
7 995
7 995
7 995
7 995
Free-cash
55 279
57 839
48 353
58 454

Estimated living cost  is ₴7995 per week

₴5101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴576
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.
₴2079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37010
₴39256
₴28758
₴30871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
327
income
-
-
-
20 780
pensions
-
-
-
13 208
accident
-
-
-
420
total
-
-
-
34 782
Employee
18 619
-
64 621
-
unemployment
289
-
723
-
other
18
-
47
-
pensions
875
-
2 194
-
income
3 590
-
19 051
-
total
4 772
-
22 015
-
Employer
18 619
-
64 621
-
other
149
-
374
-
accident
369
-
924
-
pensions
4 394
-
11 015
-
unemployment
1 024
-
2 567
-
total
5 936
-
14 880
-
Corporate
54 945
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.

8 242
11 925
-
-
total
8 242
11 925
-
-
Dividends
46 704
67 575
-
-
withholding
9 693
14 472
-
-
total
9 693
14 472
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 643
26 397
36 895
34 782
After tax
50 857
53 103
42 605
44 718
Living cost
13 847
13 847
13 847
13 847
Free-cash
37 010
39 256
28 758
30 871

Estimated living cost  is ₴13847 per week

₴9346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1331
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.
₴2927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48496
₴48655
₴50095
₴50162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 186
pensions
-
-
-
695
health
-
-
-
504
total
-
-
-
28 385
Employee
1 451
-
78 718
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
27 149
-
total
500
-
27 671
-
Employer
1 451
-
78 718
-
pensions
160
-
382
-
unemployment
29
-
69
-
health
138
-
330
-
total
327
-
781
-
Corporate
77 722
79 500
-
-
income
17 099
17 490
-
-
total
17 099
17 490
-
-
Dividends
60 623
62 010
-
-
withholding
12 125
12 402
-
-
total
12 125
12 402
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 051
29 892
28 452
28 385
After tax
49 449
49 608
51 048
51 115
Living cost
953
953
953
953
Free-cash
48 496
48 655
50 095
50 162

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46274
₴48747
₴38992
₴38992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
unemployment
-
-
-
557
income
-
-
-
17 775
pensions
-
-
-
9 658
health
-
-
-
3 826
total
-
-
-
31 816
Employee

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

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

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

13 107
-
72 851
-
unemployment
98
-
279
-
health
675
-
1 913
-
pensions
1 835
-
5 200
-
income
1 807
-
17 775
-
total
4 415
-
25 167
-
Employer

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

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

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

13 107
-
72 851
-
pensions
1 573
-
4 457
-
unemployment
98
-
279
-
health
675
-
1 913
-
total
2 346
-
6 649
-
Corporate
64 046
79 500
-
-
income
9 607
11 925
-
-
total
9 607
11 925
-
-
Dividends
54 439
67 575
-
-
withholding
8 166
10 136
-
-
total
8 166
10 136
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 534
22 061
31 816
31 816
After tax
54 966
57 439
47 684
47 684
Living cost
8 692
8 692
8 692
8 692
Free-cash
46 274
48 747
38 992
38 992

Estimated living cost  is ₴8692 per week

₴5853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴31462
₴31645
₴23565
₴29334
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
social contributions

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

-
-
-
27 626
income
-
-
-
8 965
surtax
-
-
-
-
total
-
-
-
36 591
Employee
19 543
-
64 243
-
surtax
-
-
-
-
social contributions
2 150
-
7 066
-
income
3 819
-
20 037
-
total
5 969
-
27 103
-
Employer
19 543
-
64 243
-
social contributions
4 641
-
15 257
-
total
4 641
-
15 257
-
Corporate
55 316
79 500
-
-
income
11 617
16 695
-
-
surtax
-
-
-
-
total
11 617
16 695
-
-
Dividends
43 699
62 805
-
-
withholding
12 236
17 585
-
-
total
12 236
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 463
34 280
42 360
36 591
After tax
45 037
45 220
37 140
42 909
Living cost
13 575
13 575
13 575
13 575
Free-cash
31 462
31 645
23 565
29 334

Estimated living cost  is ₴13575 per week

₴9615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2777
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31962
₴35407
₴24909
₴27022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
327
income
-
-
-
20 780
pensions
-
-
-
13 208
accident
-
-
-
420
total
-
-
-
34 782
Employee
24 318
-
64 621
-
unemployment
376
-
723
-
other
24
-
47
-
pensions
1 143
-
2 194
-
income
5 079
-
19 051
-
total
6 622
-
22 015
-
Employer
24 318
-
64 621
-
other
195
-
374
-
accident
482
-
924
-
pensions
5 739
-
11 015
-
unemployment
1 338
-
2 567
-
total
7 754
-
14 880
-
Corporate
47 428
79 500
-
-
income

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

7 114
11 925
-
-
total
7 114
11 925
-
-
Dividends
40 314
67 575
-
-
withholding
8 352
14 472
-
-
total
8 352
14 472
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 842
26 397
36 895
34 782
After tax
49 658
53 103
42 605
44 718
Living cost
17 696
17 696
17 696
17 696
Free-cash
31 962
35 407
24 909
27 022

Estimated living cost  is ₴17696 per week

₴12709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
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.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56250
₴59315
₴57245
₴54225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
unemployment
-
-
-
70
income
-
-
-
11 925
pensions

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

-
-
-
2 602
health
-
-
-
2 021
total
-
-
-
16 618
Employee
11 463
-
76 051
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
527
-
809
-
pensions

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

1 006
-
1 543
-
income
1 146
-
7 605
-
total
2 805
-
10 150
-
Employer
11 463
-
76 051
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 263
-
1 937
-
unemployment
69
-
105
-
health
791
-
1 213
-
total
2 249
-
3 448
-
Corporate
65 788
79 500
-
-
income
6 579
7 950
-
-
total
6 579
7 950
-
-
Dividends
59 209
71 550
-
-
withholding
2 960
3 578
-
-
total
2 960
3 578
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 593
11 528
13 598
16 618
After tax
64 907
67 972
65 902
62 882
Living cost
8 657
8 657
8 657
8 657
Free-cash
56 250
59 315
57 245
54 225

Estimated living cost  is ₴8657 per week

₴5726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
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.
₴2229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28076
₴21489
₴31770
₴23721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
trade
-
-
-
8 049
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.

-
-
-
23 554
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.

-
-
-
3 440
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.

-
-
-
1 296
total
-
-
-
36 339
Employee

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

25 054
-
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.

114
-
1 296
-
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.

3 440
-
3 440
-
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.

2 060
-
23 554
-
total
5 614
-
28 290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 446
79 500
-
-
trade
7 813
11 408
-
-
income
8 167
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.

449
656
-
-
chamber of commerce
157
193
-
-
total
16 586
24 182
-
-
Dividends
37 861
55 318
-
-
withholding
9 274
13 639
-
-
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.

510
750
-
-
total
9 784
14 389
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 984
38 571
28 290
36 339
After tax
47 516
40 929
51 210
43 161
Living cost
19 440
19 440
19 440
19 440
Free-cash
28 076
21 489
31 770
23 721

Estimated living cost  is ₴19440 per week

₴13410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2092
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.
₴3656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28079
₴26965
₴14288
₴14288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 051
income
-
-
-
23 477
total
-
-
-
36 528
Employee
39 388
-
79 500
-
social contributions
3 272
-
13 051
-
income
7 432
-
23 477
-
total
10 704
-
36 528
-
Employer
39 388
-
79 500
-
total
-
-
-
-
Corporate
40 112
79 500
-
-
income
5 014
9 938
-
-
total
5 014
9 938
-
-
Dividends
35 099
69 562
-
-
withholding
7 019
13 913
-
-
total
7 019
13 913
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 737
23 851
36 528
36 528
After tax
56 763
55 649
42 972
42 972
Living cost
28 684
28 684
28 684
28 684
Free-cash
28 079
26 965
14 288
14 288

Estimated living cost  is ₴28684 per week

₴21822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2337
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.
₴4250
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32498
₴30737
₴38809
₴43832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 057
income
-
-
-
14 333
total
-
-
-
17 390
Employee
23 099
-
77 184
-
social contributions
2 314
-
2 316
-
income
2 506
-
17 781
-
total
4 820
-
20 097
-
Employer
23 099
-
77 184
-
social contributions
2 314
-
2 316
-
total
2 314
-
2 316
-
Corporate
54 086
79 500
-
-
income
18 930
27 825
-
-
total
18 930
27 825
-
-
Dividends
35 156
51 675
-
-
social contributions
2 660
2 660
-
-
total
2 660
2 660
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 724
30 485
22 413
17 390
After tax
50 776
49 015
57 087
62 110
Living cost
18 278
18 278
18 278
18 278
Free-cash
32 498
30 737
38 809
43 832

Estimated living cost  is ₴18278 per week

₴12040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1441
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.
₴4517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37414
₴34485
₴27675
₴34913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
21 907
pensions
-
-
-
4 299
total
-
-
-
26 206
Employee
25 231
-
69 518
-
health
329
-
1 038
-
pensions
1 926
-
5 344
-
income
4 595
-
17 081
-
total
6 850
-
23 463
-
Employer
25 231
-
69 518
-
pensions
2 549
-
8 660
-
health
480
-
1 321
-
total
3 029
-
9 981
-
Corporate
51 240
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.

9 736
15 105
-
-
total
9 736
15 105
-
-
Dividends
41 505
64 395
-
-
withholding
4 090
11 529
-
-
total
4 090
11 529
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 705
26 634
33 444
26 206
After tax
55 795
52 866
46 056
53 294
Living cost
18 381
18 381
18 381
18 381
Free-cash
37 414
34 485
27 675
34 913

Estimated living cost  is ₴18381 per week

₴12609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4560
-₴5801
₴30557
₴42146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
21 535
pensions
-
-
-
2 138
accident
-
-
-
130
health
-
-
-
1 121
total
-
-
-
25 114
Employee
19 254
-
70 917
-
health
2 205
-
8 120
-
pensions
2 168
-
3 920
-
income
2 642
-
16 081
-
total
7 015
-
28 121
-
Employer
19 254
-
70 917
-
accident
322
-
1 184
-
pensions
3 131
-
5 661
-
unemployment
472
-
1 737
-
total
3 925
-
8 582
-
Corporate
56 322
79 500
-
-
income

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

50 690
71 550
-
-
total
50 690
71 550
-
-
Dividends
5 632
7 950
-
-
withholding
1 070
1 511
-
-
total
1 070
1 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
62 700
73 061
36 703
25 114
After tax
16 800
6 439
42 797
54 386
Living cost
12 240
12 240
12 240
12 240
Free-cash
4 560
-5 801
30 557
42 146

Estimated living cost  is ₴12240 per week

₴8983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴57744
₴60099
₴48662
₴37868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
unemployment
-
-
-
954
income
-
-
-
12 969
pensions
-
-
-
14 628
health insurance
-
-
-
5 883
work injury
-
-
-
398
total
-
-
-
34 832
Employee

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

10 879
-
79 500
-
health insurance
805
-
2 979
-
unemployment
131
-
483
-
work injury
54
-
201
-
pensions
2 002
-
7 406
-
income
1 088
-
12 969
-
total
4 080
-
24 038
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 621
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%.

686
795
-
-
total
686
795
-
-
Dividends
67 935
78 705
-
-
withholding
10 190
11 806
-
-
total
10 190
11 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 956
12 601
24 038
34 832
After tax
64 544
66 899
55 462
44 668
Living cost
6 800
6 800
6 800
6 800
Free-cash
57 744
60 099
48 662
37 868

Estimated living cost  is ₴6800 per week

₴4212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1881
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19526
₴21815
₴14042
₴17531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
regional
-
-
-
1 811
social contributions
-
-
-
20 448
municipal
-
-
-
531
national
-
-
-
19 119
total
-
-
-
41 909
Employee
42 431
-
79 500
-
national
7 170
-
16 511
-
regional
641
-
1 606
-
municipal
253
-
474
-
social contributions
14 307
-
26 807
-
total
22 371
-
45 398
-
Employer
42 431
-
79 500
-
total
-
-
-
-
Corporate
37 069
79 500
-
-
nationa
8 896
19 080
-
-
municipal
1 787
3 832
-
-
total
10 683
22 912
-
-
Dividends
26 386
56 588
-
-
withholding
6 860
14 713
-
-
total
6 860
14 713
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 914
37 625
45 398
41 909
After tax
39 586
41 875
34 102
37 591
Living cost
20 060
20 060
20 060
20 060
Free-cash
19 526
21 815
14 042
17 531

Estimated living cost  is ₴20060 per week

₴14091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1380
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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