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
₴27084
₴31832
₴27805
₴37182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 377
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.

-
-
-
25 002
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.

-
-
-
2 934
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.

-
-
-
1 375
total
-
-
-
38 688
Employee

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

16 425
-
79 500
-
health

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

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

2 934
-
2 934
-
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.

25
-
1 375
-
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.

459
-
25 002
-
total
3 418
-
29 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 075
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.

521
656
-
-
income
9 461
11 925
-
-
trade
9 934
12 521
-
-
chamber of commerce
156
179
-
-
total
20 072
25 281
-
-
Dividends
43 003
54 218
-
-
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.

583
737
-
-
withholding
10 588
13 391
-
-
total
11 171
14 128
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 661
39 409
29 311
38 688
After tax
44 839
40 091
50 189
40 812
Living cost
13 007
13 007
13 007
13 007
Free-cash
31 832
27 084
37 182
27 805

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27941
₴27580
₴24828
₴25255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
municipal
-
-
-
8 739
pensions
-
-
-
9 540
national
-
-
-
13 871
social contributions
-
-
-
855
total
-
-
-
33 005
Employee
33 588
-
68 727
-
municipal
4 149
-
9 047
-
pensions
1 344
-
2 749
-
national
6 429
-
14 545
-
total
11 922
-
26 341
-
Employer
33 588
-
68 727
-
social contributions
361
-
739
-
pensions
2 687
-
5 498
-
total
3 048
-
6 237
-
Corporate
40 647
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%.

8 129
15 900
-
-
total
8 129
15 900
-
-
Dividends
32 518
63 600
-
-
withholding
7 154
13 992
-
-
total
7 154
13 992
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 253
29 892
32 578
33 005
After tax
49 247
49 608
46 922
46 495
Living cost
21 667
21 667
21 667
21 667
Free-cash
27 580
27 941
25 255
24 828

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54666
₴51142
₴18831
₴24731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
microenterprise
-
-
-
-
income
-
-
-
15 009
surtax
-
-
-
20 272
social contributions

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

-
-
-
16 454
total
-
-
-
51 735
Employee
12 548
-
60 514
-
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.

1 381
-
5 630
-
surtax
-
-
8 774
-
income
2 234
-
12 446
-
total
3 615
-
26 850
-
Employer
12 548
-
60 514
-
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.

3 023
-
12 329
-
surtax
-
-
6 656
-
total
3 023
-
18 985
-
Corporate
63 929
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%.

12 786
15 900
-
-
total
12 786
15 900
-
-
Dividends

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

51 144
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
19 424
15 900
45 835
51 735
After tax
60 076
63 600
33 665
27 765
Living cost
8 934
8 934
8 934
8 934
Free-cash
51 142
54 666
24 731
18 831

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21428
₴18797
₴25633
₴32099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 551
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
35 877
Employee
36 672
36 672
71 519
-
health
5 629
4 788
5 295
-
income

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

6 003
6 003
11 104
-
pensions
6 601
5 031
5 031
-
total
18 233
15 822
21 430
-
Employer
36 672
36 672
71 519
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 173
-
health
2 549
2 549
3 168
-
total
6 421
6 421
7 981
-
Corporate
36 856
36 406
-
-
income
7 371
7 281
-
-
total
7 371
7 281
-
-
Dividends
29 485
29 125
-
-
income
6 265
6 189
-
-
withholding
4 423
4 369
-
-
total
10 688
10 558
-
-
Income
79 500
79 500
79 500
79 500
Total tax
42 713
40 082
29 411
35 877
After tax
36 787
39 418
50 089
43 623
Living cost
17 990
17 990
17 990
17 990
Free-cash
18 797
21 428
32 099
25 633

Estimated living cost  is ₴17990 per week

₴12749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴26861
₴26489
₴23879
₴23478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
municipal
-
-
-
20 574
accident
-
-
-
72
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
7 996
total
-
-
-
39 075
Employee
23 577
-
68 106
-
municipal
7 031
-
20 309
-
national
-
-
7 774
-
total
7 031
-
28 083
-
Employer
23 577
-
68 106
-
accident
47
-
72
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 393
-
Corporate
48 515
79 500
-
-
income
10 673
17 490
-
-
total
10 673
17 490
-
-
Dividends
37 842
62 010
-
-
withholding
11 353
18 603
-
-
total
11 353
18 603
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 465
36 093
39 476
39 075
After tax
43 035
43 407
40 024
40 425
Living cost
16 546
16 546
16 546
16 546
Free-cash
26 489
26 861
23 478
23 879

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22812
₴28844
₴23526
₴33319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 793
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.

-
-
-
25 002
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.

-
-
-
2 934
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.

-
-
-
1 375
total
-
-
-
39 104
Employee

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

21 778
-
79 500
-
health

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

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

2 934
-
2 934
-
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.

103
-
1 375
-
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.

1 871
-
25 002
-
total
4 908
-
29 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 722
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.

476
656
-
-
income
8 659
11 925
-
-
trade
9 496
13 078
-
-
chamber of commerce
148
178
-
-
total
18 779
25 837
-
-
Dividends
38 945
53 662
-
-
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.

526
729
-
-
withholding
9 573
13 252
-
-
total
10 099
13 981
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 786
39 818
29 311
39 104
After tax
45 714
39 682
50 189
40 396
Living cost
16 870
16 870
16 870
16 870
Free-cash
28 844
22 812
33 319
23 526

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
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.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44054
₴42272
₴40216
₴39525
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 379
health
-
-
-
2 028
social contributions
-
-
-
6 948
total
-
-
-
25 355
Employee
33 022
33 022
74 426
-
social contributions
1 605
2 741
3 697
-
health
328
561
1 266
-
income
3 468
3 057
16 009
-
total
5 401
6 359
20 972
-
Employer
33 022
33 022
74 426
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 377
-
total
1 963
3 352
5 074
-
Corporate
58 208
43 127
-
-
income
7 276
5 391
-
-
total
7 276
5 391
-
-
Dividends
50 933
37 736
-
-
withholding
8 659
6 415
-
-
total
8 659
6 415
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 299
21 517
26 046
25 355
After tax
56 201
57 983
53 454
54 145
Living cost
13 929
13 929
13 929
13 929
Free-cash
42 272
44 054
39 525
40 216

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36872
₴37034
₴47294
₴38307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
66 527
-
health
786
313
4 657
-
income
1 373
546
8 133
-
pensions
1 123
447
6 653
-
unemployment
168
67
998
-
total
3 450
1 373
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.

11 229
4 469
66 527
-
pensions
2 190
871
12 973
-
total
2 190
871
12 973
-
Corporate
66 081
74 160
-
-
income
5 947
6 674
-
-
total
5 947
6 674
-
-
Dividends
60 134
67 485
-
-
social contributions
11 675
13 109
-
-
withholding
11 425
12 822
-
-
total
23 100
25 931
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 687
34 849
33 414
24 427
After tax
44 813
44 651
46 086
55 073
Living cost
7 779
7 779
7 779
7 779
Free-cash
37 034
36 872
38 307
47 294

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53228
₴50559
₴32240
₴35451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
10 653
pensions
-
-
-
15 900
health
-
-
-
10 335
total
-
-
-
36 888
Employee
12 182
-
59 418
-
income
1 372
-
11 456
-
pensions
244
-
1 188
-
unemployment
195
-
951
-
total
1 811
-
13 595
-
Employer
12 182
-
59 418
-
unemployment
98
-
475
-
pensions
2 437
-
11 883
-
health
1 583
-
7 724
-
total
4 118
-
20 082
-
Corporate
63 200
79 500
-
-
income
12 640
15 900
-
-
total
12 640
15 900
-
-
Dividends
50 560
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
18 569
15 900
33 677
36 888
After tax
60 931
63 600
45 823
42 612
Living cost
10 372
10 372
10 372
10 372
Free-cash
50 559
53 228
35 451
32 240

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2939
₴5003
₴44951
₴33958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
108
income
-
-
-
22 200
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 170
Employee
14 754
-
71 843
-
health
1 689
-
8 226
-
income
2 024
-
17 027
-
pensions
1 661
-
3 253
-
total
5 374
-
28 506
-
Employer
14 754
-
71 843
-
accident
246
-
1 200
-
unemployment
361
-
1 760
-
pensions
2 399
-
4 697
-
total
3 006
-
7 657
-
Corporate
61 739
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.

55 565
71 550
-
-
total
55 565
71 550
-
-
Dividends
6 174
7 950
-
-
withholding
1 173
1 510
-
-
total
1 173
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
65 118
73 060
36 163
25 170
After tax
14 382
6 440
43 337
54 330
Living cost
9 379
9 379
9 379
9 379
Free-cash
5 003
-2 939
33 958
44 951

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71611
₴70877
₴74791
₴59686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 892
-
79 500
-
income
978
-
15 900
-
total
978
-
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%.

74 608
79 500
-
-
total
-
-
-
-
Dividends
74 608
79 500
-
-
withholding
3 731
3 975
-
-
total
3 731
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
4 709
3 975
15 900
795
After tax
74 791
75 525
63 600
78 705
Living cost
3 914
3 914
3 914
3 914
Free-cash
70 877
71 611
59 686
74 791

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46965
₴44065
₴33763
₴33521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 646
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.

-
-
-
15 673
other
-
-
-
3 102
health
-
-
-
2 873
total
-
-
-
34 294
Employee
15 592
-
63 498
-
health
218
-
889
-
income
2 684
-
12 565
-
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.

1 091
-
4 445
-
unemployment
156
-
635
-
total
4 149
-
18 534
-
Employer
15 592
-
63 498
-
accident
125
-
508
-
other
780
-
3 175
-
unemployment
156
-
635
-
pensions

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

2 651
-
10 795
-
health
218
-
889
-
total
3 930
-
16 002
-
Corporate
59 978
79 500
-
-
income
12 596
16 695
-
-
total
12 596
16 695
-
-
Dividends
47 382
62 805
-
-
withholding
3 317
4 397
-
-
total
3 317
4 397
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 992
21 092
34 536
34 294
After tax
55 508
58 408
44 964
45 206
Living cost
11 443
11 443
11 443
11 443
Free-cash
44 065
46 965
33 521
33 763

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22770
₴24720
₴23559
₴16381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
23 078
pensions
-
-
-
3 956
total
-
-
-
27 034
Employee
40 899
-
69 416
-
health
674
-
993
-
income
7 373
-
18 294
-
pensions
3 946
-
4 842
-
total
11 993
-
24 129
-
Employer
40 899
-
69 416
-
pensions
4 829
-
8 764
-
health
777
-
1 319
-
total
5 606
-
10 083
-
Corporate
32 995
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.

6 269
15 105
-
-
total
6 269
15 105
-
-
Dividends
26 726
64 395
-
-
withholding
2 005
12 718
-
-
total
2 005
12 718
-
-
Income
79 500
79 500
79 500
79 500
Total tax
25 873
27 823
34 212
27 034
After tax
53 627
51 677
45 288
52 466
Living cost
28 907
28 907
28 907
28 907
Free-cash
24 720
22 770
16 381
23 559

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴62344
₴60349
₴57941
₴61100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
15 930
Employee
7 454
-
76 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
7 656
-
pensions

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

654
-
1 317
-
total
1 824
-
9 828
-
Employer
7 454
-
76 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
70 583
79 500
-
-
income
7 058
7 950
-
-
total
7 058
7 950
-
-
Dividends
63 525
71 550
-
-
withholding
3 176
3 577
-
-
total
3 176
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
13 522
11 527
12 771
15 930
After tax
65 978
67 973
66 729
63 570
Living cost
5 629
5 629
5 629
5 629
Free-cash
60 349
62 344
61 100
57 941

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15605
₴16684
₴19810
₴26276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
25 551
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
35 877
Employee
39 814
36 672
71 519
-
health
4 967
4 788
5 295
-
income

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

6 003
6 003
11 104
-
pensions
5 031
5 031
5 031
-
total
16 001
15 822
21 430
-
Employer
39 814
36 672
71 519
-
unemployment
1 433
1 320
1 640
-
pensions
2 771
2 552
3 173
-
health
2 767
2 549
3 168
-
total
6 971
6 421
7 981
-
Corporate
32 715
36 406
-
-
income
6 543
7 281
-
-
total
6 543
7 281
-
-
Dividends
26 172
29 125
-
-
income
5 562
6 189
-
-
withholding
3 926
4 369
-
-
total
9 488
10 558
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 003
40 082
29 411
35 877
After tax
40 497
39 418
50 089
43 623
Living cost
23 813
23 813
23 813
23 813
Free-cash
16 684
15 605
26 276
19 810

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44472
₴40811
₴35395
₴32038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 100
health
-
-
-
10 733
solidarity contribution
-
-
-
239
social contributions
-
-
-
14 769
total
-
-
-
33 841
Employee
15 094
-
61 335
-
social contributions
981
-
3 288
-
health
2 038
-
8 280
-
solidarity contribution
-
-
-
-
income
1 811
-
7 465
-
total
4 830
-
19 033
-
Employer
15 094
-
61 335
-
social contributions
3 773
-
12 645
-
health
1 358
-
5 520
-
total
5 131
-
18 165
-
Corporate
59 274
79 500
-
-
income
11 262
15 105
-
-
total
11 262
15 105
-
-
Dividends
48 012
64 395
-
-
withholding
7 202
9 659
-
-
total
7 202
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 425
24 764
37 198
33 841
After tax
51 075
54 736
42 302
45 659
Living cost
10 264
10 264
10 264
10 264
Free-cash
40 811
44 472
32 038
35 395

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24295
₴22055
₴19648
₴16059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
municipal
-
-
-
473
regional
-
-
-
942
national
-
-
-
19 868
social contributions
-
-
-
20 448
total
-
-
-
41 731
Employee
38 166
-
79 500
-
social contributions
12 869
-
26 807
-
regional
360
-
832
-
municipal
202
-
421
-
national
6 613
-
17 260
-
total
20 044
-
45 320
-
Employer
38 166
-
79 500
-
total
-
-
-
-
Corporate
41 334
79 500
-
-
nationa
9 920
19 080
-
-
municipal
1 612
3 101
-
-
total
11 532
22 181
-
-
Dividends
29 802
57 319
-
-
withholding
7 748
14 903
-
-
total
7 748
14 903
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 324
37 084
45 320
41 731
After tax
40 176
42 416
34 180
37 769
Living cost
18 121
18 121
18 121
18 121
Free-cash
22 055
24 295
16 059
19 648

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴40530
₴39194
₴28093
₴25468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 711
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
3 590
total
-
-
-
41 931
Employee
14 201
-
67 436
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
3 076
-
income
2 380
-
20 143
-
pensions
947
-
3 823
-
unemployment
989
-
3 989
-
total
4 725
-
32 492
-
Employer
14 201
-
67 436
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 640
-
health
646
-
2 608
-
total
2 989
-
12 064
-
Corporate
62 310
79 500
-
-
income
16 200
20 670
-
-
total
16 200
20 670
-
-
Dividends
46 110
58 830
-
-
withholding
6 916
8 824
-
-
total
6 916
8 824
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 830
29 494
44 556
41 931
After tax
48 670
50 006
34 944
37 569
Living cost
9 476
9 476
9 476
9 476
Free-cash
39 194
40 530
25 468
28 093

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31928
₴34783
₴32717
₴25539
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
23 078
pensions
-
-
-
3 956
total
-
-
-
27 034
Employee
27 410
-
69 416
-
health
398
-
993
-
income
4 937
-
18 294
-
pensions
2 326
-
4 842
-
total
7 661
-
24 129
-
Employer
27 410
-
69 416
-
pensions
2 967
-
8 764
-
health
521
-
1 319
-
total
3 488
-
10 083
-
Corporate
48 603
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.

9 234
15 105
-
-
total
9 234
15 105
-
-
Dividends
39 368
64 395
-
-
withholding
4 585
12 718
-
-
total
4 585
12 718
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 968
27 823
34 212
27 034
After tax
54 532
51 677
45 288
52 466
Living cost
19 749
19 749
19 749
19 749
Free-cash
34 783
31 928
25 539
32 717

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
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.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3557
₴17591
₴31213
₴27628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
city
-
-
-
838
pensions
-
-
-
7 314
other

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

-
-
-
1 590
regional
-
-
-
4 060
health
-
-
-
179
national
-
-
-
1 509
total
-
-
-
15 490
Employee
38 381
-
71 157
-
city
412
-
764
-
regional
1 257
-
3 503
-
health
87
-
160
-
pensions
3 224
-
5 977
-
unemployment
-
-
-
-
national
182
-
1 111
-
total
5 162
-
11 515
-
Employer
38 381
-
71 157
-
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.

767
-
1 423
-
unemployment
-
-
-
-
pensions
3 224
-
5 977
-
health
87
-
160
-
total
4 078
-
7 560
-
Corporate
36 619
79 500
-
-
regional
7 744
16 814
-
-
national
3 112
6 757
-
-
total
10 856
23 571
-
-
Dividends
25 762
55 929
-
-
withholding
9 016
19 575
-
-
total
9 016
19 575
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 112
43 146
19 075
15 490
After tax
50 388
36 354
60 425
64 010
Living cost
32 797
32 797
32 797
32 797
Free-cash
17 591
3 557
27 628
31 213

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19600
₴26563
₴20306
₴30516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 210
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.

-
-
-
25 002
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.

-
-
-
2 934
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.

-
-
-
1 375
total
-
-
-
39 521
Employee

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

25 808
-
79 500
-
health

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

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

2 934
-
2 934
-
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.

167
-
1 375
-
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.

3 035
-
25 002
-
total
6 136
-
29 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 692
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.

443
656
-
-
income
8 054
11 925
-
-
trade
9 208
13 634
-
-
chamber of commerce
141
177
-
-
total
17 846
26 392
-
-
Dividends
35 845
53 108
-
-
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.

484
721
-
-
withholding
8 798
13 114
-
-
total
9 282
13 835
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 264
40 227
29 311
39 521
After tax
46 236
39 273
50 189
39 979
Living cost
19 673
19 673
19 673
19 673
Free-cash
26 563
19 600
30 516
20 306

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25376
₴27912
₴30047
₴28554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 742
pensions
-
-
-
13 808
other
-
-
-
2 464
health
-
-
-
3 482
surtax
-
-
-
-
social contributions
-
-
-
2 265
total
-
-
-
34 761
Employee
18 379
-
61 387
-
social contributions
524
-
1 749
-
surtax
-
-
-
-
income
1 085
-
12 065
-
pensions
2 078
-
4 327
-
total
3 687
-
18 141
-
Employer
18 379
-
61 387
-
other
634
-
2 420
-
social contributions
55
-
184
-
unemployment
744
-
2 486
-
pensions
3 019
-
7 274
-
health
1 287
-
5 749
-
total
5 739
-
18 113
-
Corporate
55 381
79 500
-
-
surtax
-
-
-
-
income
15 507
22 260
-
-
total
15 507
22 260
-
-
Dividends
39 875
57 240
-
-
surtax
-
-
-
-
social contributions
6 859
9 845
-
-
withholding
5 104
7 327
-
-
total
11 963
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 896
39 432
36 254
34 761
After tax
42 604
40 068
43 246
44 739
Living cost
14 692
14 692
14 692
14 692
Free-cash
27 912
25 376
28 554
30 047

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴26831
₴29216
₴31502
₴30009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 742
pensions
-
-
-
13 808
other
-
-
-
2 464
health
-
-
-
3 482
surtax
-
-
-
-
social contributions
-
-
-
2 265
total
-
-
-
34 761
Employee
16 406
-
61 387
-
social contributions
468
-
1 749
-
surtax
-
-
-
-
income
846
-
12 065
-
pensions
1 856
-
4 327
-
total
3 170
-
18 141
-
Employer
16 406
-
61 387
-
other
566
-
2 420
-
social contributions
49
-
184
-
unemployment
664
-
2 486
-
pensions
2 696
-
7 274
-
health
1 148
-
5 749
-
total
5 123
-
18 113
-
Corporate
57 970
79 500
-
-
surtax
-
-
-
-
income
16 232
22 260
-
-
total
16 232
22 260
-
-
Dividends
41 739
57 240
-
-
surtax
-
-
-
-
social contributions
7 179
9 845
-
-
withholding
5 343
7 327
-
-
total
12 522
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
37 047
39 432
36 254
34 761
After tax
42 453
40 068
43 246
44 739
Living cost
13 237
13 237
13 237
13 237
Free-cash
29 216
26 831
30 009
31 502

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39397
₴39618
₴41949
₴40196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
health
-
-
-
5 549
social contributions
-
-
-
10 971
total
-
-
-
28 445
Employee
14 560
-
79 500
-
social contributions
2 010
-
10 971
-
health
1 016
-
5 549
-
income
2 429
-
13 678
-
total
5 455
-
30 198
-
Employer
14 560
-
79 500
-
total
-
-
-
-
Corporate
64 940
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%.

3 247
3 975
-
-
total
3 247
3 975
-
-
Dividends
61 693
75 525
-
-
health
4 306
5 272
-
-
social contributions
8 514
10 422
-
-
withholding
9 254
11 328
-
-
total
22 074
27 022
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 776
30 997
30 198
28 445
After tax
48 724
48 503
49 302
51 055
Living cost
9 106
9 106
9 106
9 106
Free-cash
39 618
39 397
40 196
41 949

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28821
₴28154
₴25681
₴5891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
22 531
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
38 687
Employee
21 461
17 114
63 970
-
other
214
171
502
-
health
830
663
1 941
-
income
2 443
1 262
18 277
-
pensions
2 198
1 752
5 137
-
unemployment
644
513
1 505
-
total
6 329
4 361
27 362
-
Employer
21 461
17 114
63 970
-
accident
279
222
652
-
other
1 019
812
2 921
-
chamber of commerce
86
68
256
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 296
-
payroll
644
513
1 919
-
health
811
647
1 896
-
total
6 261
5 008
15 530
-
Corporate
51 778
57 376
62 340
-
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.

12 944
14 344
15 585
-
total
12 944
14 344
15 585
-
Dividends
38 834
43 032
-
-
withholding
10 680
11 834
-
-
total
10 680
11 834
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 214
35 547
58 477
38 687
After tax
43 286
43 953
21 023
40 813
Living cost
15 132
15 132
15 132
15 132
Free-cash
28 154
28 821
5 891
25 681

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴28796
₴22356
₴18832
₴12118
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
national
-
-
-
30 175
communal

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

-
-
-
4 128
social contributions
-
-
-
10 707
total
-
-
-
45 010
Employee

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

30 718
-
61 575
-
communal

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

1 602
-
3 212
-
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.

1 443
-
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.

2 304
-
4 618
-
unemployment

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

267
-
535
-
national
9 444
-
22 541
-
total
15 060
-
33 800
-
Employer

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

30 718
-
61 575
-
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.

399
-
801
-
unemployment

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

448
-
899
-
surtax
3 483
-
6 982
-
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.

2 722
-
5 455
-
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.

1 889
-
3 787
-
total
8 941
-
17 924
-
Corporate
39 841
79 500
-
-
surtax
160
318
-
-
income
7 968
15 900
-
-
total
8 128
16 218
-
-
Dividends
31 713
63 282
-
-
withholding

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

9 357
18 828
-
-
total
9 357
18 828
-
-
Income
79 500
79 500
79 500
79 500
Total tax
41 486
35 046
51 724
45 010
After tax
38 014
44 454
27 776
34 490
Living cost
15 658
15 658
15 658
15 658
Free-cash
22 356
28 796
12 118
18 832

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37436
₴34496
₴29063
₴27261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
359
income
-
-
-
22 986
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
34 928
Employee
21 376
-
66 811
-
other
21
-
40
-
income
4 510
-
21 512
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 868
-
24 040
-
Employer
21 376
-
66 811
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 044
-
9 394
-
total
6 813
-
12 690
-
Corporate
51 310
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.

7 696
11 925
-
-
total
7 696
11 925
-
-
Dividends
43 614
67 575
-
-
withholding
9 118
14 630
-
-
total
9 118
14 630
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 495
26 555
36 730
34 928
After tax
50 005
52 945
42 770
44 572
Living cost
15 509
15 509
15 509
15 509
Free-cash
34 496
37 436
27 261
29 063

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22898
₴17279
₴15537
₴18706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
670
income
-
-
-
13 489
pensions
-
-
-
11 916
health
-
-
-
5 586
surtax
-
-
-
3 941
communal
-
-
-
5 024
total
-
-
-
40 626
Employee
32 521
-
71 014
-
health
1 447
-
3 160
-
surtax
1 993
-
4 352
-
income
3 141
-
15 778
-
pensions
2 601
-
5 681
-
total
9 182
-
28 971
-
Employer
32 521
-
71 014
-
accident
293
-
639
-
pensions
2 601
-
5 681
-
health
992
-
2 166
-
total
3 886
-
8 486
-
Corporate
43 094
79 500
-
-
surtax
452
834
-
-
communal
2 909
5 366
-
-
income
6 464
11 925
-
-
total
9 825
18 125
-
-
Dividends
33 269
61 374
-
-
income
11 000
5 934
-
-
withholding
4 991
9 206
-
-
total
15 991
15 140
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 884
33 265
37 457
40 626
After tax
40 616
46 235
42 043
38 874
Living cost
23 337
23 337
23 337
23 337
Free-cash
17 279
22 898
18 706
15 537

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
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.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40360
₴38994
₴27923
₴25298
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 711
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
3 590
total
-
-
-
41 931
Employee
14 462
-
67 436
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
3 076
-
income
2 424
-
20 143
-
pensions
965
-
3 823
-
unemployment
1 006
-
3 989
-
total
4 815
-
32 492
-
Employer
14 462
-
67 436
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 640
-
health
658
-
2 608
-
total
3 045
-
12 064
-
Corporate
61 994
79 500
-
-
income
16 119
20 670
-
-
total
16 119
20 670
-
-
Dividends
45 875
58 830
-
-
withholding
6 881
8 824
-
-
total
6 881
8 824
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 860
29 494
44 556
41 931
After tax
48 640
50 006
34 944
37 569
Living cost
9 646
9 646
9 646
9 646
Free-cash
38 994
40 360
25 298
27 923

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴30219
₴29265
₴25945
₴22374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
municipal
-
-
-
473
regional
-
-
-
1 198
national
-
-
-
19 868
social contributions
-
-
-
20 448
total
-
-
-
41 987
Employee
23 821
-
79 500
-
social contributions
8 033
-
26 807
-
regional
321
-
1 070
-
municipal
126
-
421
-
national
3 774
-
17 260
-
total
12 254
-
45 558
-
Employer
23 821
-
79 500
-
total
-
-
-
-
Corporate
55 679
79 500
-
-
nationa
13 362
19 080
-
-
municipal
2 768
3 951
-
-
total
16 130
23 031
-
-
Dividends
39 549
56 469
-
-
withholding
10 283
14 682
-
-
total
10 283
14 682
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 667
37 713
45 558
41 987
After tax
40 833
41 787
33 942
37 513
Living cost
11 568
11 568
11 568
11 568
Free-cash
29 265
30 219
22 374
25 945

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42088
₴37575
₴33011
₴29654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 100
health
-
-
-
10 733
solidarity contribution
-
-
-
239
social contributions
-
-
-
14 769
total
-
-
-
33 841
Employee
18 600
-
61 335
-
social contributions
1 209
-
3 288
-
health
2 511
-
8 280
-
solidarity contribution
-
-
-
-
income
2 232
-
7 465
-
total
5 952
-
19 033
-
Employer
18 600
-
61 335
-
social contributions
4 650
-
12 645
-
health
1 674
-
5 520
-
total
6 324
-
18 165
-
Corporate
54 576
79 500
-
-
income
10 370
15 105
-
-
total
10 370
15 105
-
-
Dividends
44 207
64 395
-
-
withholding
6 631
9 659
-
-
total
6 631
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 277
24 764
37 198
33 841
After tax
50 223
54 736
42 302
45 659
Living cost
12 648
12 648
12 648
12 648
Free-cash
37 575
42 088
29 654
33 011

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30298
₴30084
₴27197
₴7345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
22 531
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
38 602
Employee
18 772
17 114
64 049
-
other
187
171
502
-
health
726
663
1 941
-
income
1 672
1 262
18 314
-
pensions
1 922
1 752
5 137
-
unemployment
563
513
1 505
-
total
5 070
4 361
27 399
-
Employer
18 772
17 114
64 049
-
accident
244
222
652
-
other
892
812
2 924
-
chamber of commerce
75
68
256
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 296
-
payroll
563
513
1 922
-
health
710
647
1 896
-
total
5 403
4 923
15 451
-
Corporate
55 326
57 461
62 419
-
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.

13 831
14 365
15 604
-
total
13 831
14 365
15 604
-
Dividends
41 495
43 096
-
-
withholding
11 411
11 852
-
-
total
11 411
11 852
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 715
35 501
58 454
38 602
After tax
43 785
43 999
21 046
40 898
Living cost
13 701
13 701
13 701
13 701
Free-cash
30 084
30 298
7 345
27 197

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69426
₴68282
₴72606
₴57501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 624
-
79 500
-
income
1 525
-
15 900
-
total
1 525
-
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%.

71 876
79 500
-
-
total
-
-
-
-
Dividends
71 876
79 500
-
-
withholding
3 594
3 975
-
-
total
3 594
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
5 119
3 975
15 900
795
After tax
74 381
75 525
63 600
78 705
Living cost
6 099
6 099
6 099
6 099
Free-cash
68 282
69 426
57 501
72 606

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43218
₴39626
₴27114
₴25008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
79 500
income
-
-
-
18 407
pensions
-
-
-
14 519
unemployment
-
-
-
119
health
-
-
-
7 823
total
-
-
-
40 868
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.

18 990
-
68 790
-
health
1 226
-
4 444
-
income
3 275
-
17 060
-
pensions
2 944
-
10 663
-
unemployment
27
-
96
-
total
7 472
-
32 263
-
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.

18 990
-
68 790
-
unemployment
11
-
42
-
pensions
1 680
-
6 088
-
health
1 265
-
4 581
-
total
2 956
-
10 711
-
Corporate
57 554
79 500
-
-
income
10 935
15 105
-
-
total
10 935
15 105
-
-
Dividends
46 619
64 395
-
-
withholding
6 993
9 659
-
-
total
6 993
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 356
24 764
42 974
40 868
After tax
51 144
54 736
36 526
38 632
Living cost
11 518
11 518
11 518
11 518
Free-cash
39 626
43 218
25 008
27 114

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29816
₴9365
₴36389
₴55292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
15 496
social contributions
-
-
-
9 063
total
-
-
-
24 559
Employee
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
15 392
79 500
-
-
income
3 386
17 490
-
-
total
3 386
17 490
-
-
Dividends
12 005
62 010
-
-
income
2 641
13 642
-
-
total
2 641
13 642
-
-
Income
79 500
79 500
79 500
79 500
Total tax
51 583
31 132
5 656
24 559
After tax
27 917
48 368
73 844
54 941
Living cost
18 552
18 552
18 552
18 552
Free-cash
9 365
29 816
55 292
36 389

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
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.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31750
₴31317
₴28859
₴22832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income
-
-
-
9 545
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
37 171
Employee
19 751
-
64 242
-
social contributions
2 173
-
7 066
-
surtax
-
-
-
-
income
4 108
-
20 875
-
total
6 281
-
27 941
-
Employer
19 751
-
64 242
-
social contributions
4 691
-
15 257
-
total
4 691
-
15 257
-
Corporate
55 059
79 500
-
-
surtax
-
-
-
-
income
11 562
16 695
-
-
total
11 562
16 695
-
-
Dividends
43 496
62 805
-
-
withholding
12 179
17 585
-
-
total
12 179
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 713
34 280
43 198
37 171
After tax
44 787
45 220
36 302
42 329
Living cost
13 470
13 470
13 470
13 470
Free-cash
31 317
31 750
22 832
28 859

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19327
₴22278
₴23998
₴22505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 742
pensions
-
-
-
13 808
other
-
-
-
2 464
health
-
-
-
3 482
surtax
-
-
-
-
social contributions
-
-
-
2 265
total
-
-
-
34 761
Employee
26 896
-
61 387
-
social contributions
766
-
1 749
-
surtax
-
-
-
-
income
2 347
-
12 065
-
pensions
3 042
-
4 327
-
total
6 155
-
18 141
-
Employer
26 896
-
61 387
-
other
928
-
2 420
-
social contributions
81
-
184
-
unemployment
1 090
-
2 486
-
pensions
4 419
-
7 274
-
health
1 883
-
5 749
-
total
8 401
-
18 113
-
Corporate
44 203
79 500
-
-
surtax
-
-
-
-
income
12 377
22 260
-
-
total
12 377
22 260
-
-
Dividends
31 826
57 240
-
-
surtax
-
-
-
-
social contributions
5 474
9 845
-
-
withholding
4 074
7 327
-
-
total
9 548
17 172
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 481
39 432
36 254
34 761
After tax
43 019
40 068
43 246
44 739
Living cost
20 741
20 741
20 741
20 741
Free-cash
22 278
19 327
22 505
23 998

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58641
₴57198
₴45509
₴47621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 593
social contributions
-
-
-
17 489
total
-
-
-
21 082
Employee
13 806
-
68 832
-
income
-
-
3 828
-
social contributions
897
-
4 474
-
total
897
-
8 302
-
Employer
13 806
-
68 832
-
social contributions
2 140
-
10 668
-
total
2 140
-
10 668
-
Corporate
63 554
79 500
-
-
income
6 356
7 950
-
-
total
6 356
7 950
-
-
Dividends
57 198
71 550
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
9 393
7 950
18 970
21 082
After tax
70 107
71 550
60 530
58 418
Living cost
12 909
12 909
12 909
12 909
Free-cash
57 198
58 641
47 621
45 509

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
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.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14058
-₴14058
₴25985
-₴14058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
municipal
-
-
-
16 675
pensions
-
-
-
372
national
-
-
-
9 458
labour market
-
-
-
6 330
total
-
-
-
32 835
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
72 878
72 878
72 878
32 835
After tax
6 622
6 622
6 622
46 665
Living cost
20 680
20 680
20 680
20 680
Free-cash
-14 058
-14 058
-14 058
25 985

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2801
₴5021
₴45089
₴34096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
108
income
-
-
-
22 200
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 170
Employee
14 536
-
71 843
-
health
1 665
-
8 226
-
income
1 994
-
17 027
-
pensions
1 637
-
3 253
-
total
5 296
-
28 506
-
Employer
14 536
-
71 843
-
accident
243
-
1 200
-
unemployment
356
-
1 760
-
pensions
2 364
-
4 697
-
total
2 963
-
7 657
-
Corporate
62 001
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.

55 801
71 550
-
-
total
55 801
71 550
-
-
Dividends
6 200
7 950
-
-
withholding
1 178
1 510
-
-
total
1 178
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
65 238
73 060
36 163
25 170
After tax
14 262
6 440
43 337
54 330
Living cost
9 241
9 241
9 241
9 241
Free-cash
5 021
-2 801
34 096
45 089

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33090
₴34259
₴34229
₴24972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 122
health
-
-
-
1 045
national
-
-
-
13 617
total
-
-
-
28 784
Employee
22 594
-
66 880
-
health
169
-
851
-
municipal
3 701
-
10 892
-
pensions
1 525
-
4 515
-
unemployment
339
-
1 003
-
national
373
-
8 160
-
total
6 107
-
25 421
-
Employer
22 594
-
66 880
-
accident
23
-
67
-
unemployment
147
-
434
-
pensions
3 920
-
11 604
-
health
174
-
515
-
total
4 264
-
12 620
-
Corporate
52 644
79 500
-
-
income
10 529
15 900
-
-
total
10 529
15 900
-
-
Dividends

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

31 586
47 700
-
-
national
2 168
5 437
-
-
municipal
5 686
8 586
-
-
total
7 854
14 023
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 754
29 923
38 041
28 784
After tax
50 746
49 577
41 459
50 716
Living cost
16 487
16 487
16 487
16 487
Free-cash
34 259
33 090
24 972
34 229

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴48040
₴45704
₴44202
₴43511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 379
health
-
-
-
2 028
social contributions
-
-
-
6 948
total
-
-
-
25 355
Employee
33 022
33 022
74 426
-
social contributions
1 248
2 741
3 697
-
health
256
561
1 266
-
income
3 595
3 057
16 009
-
total
5 099
6 359
20 972
-
Employer
33 022
33 022
74 426
-
social contributions
1 248
2 741
3 697
-
health
278
611
1 377
-
total
1 526
3 352
5 074
-
Corporate
62 931
43 127
-
-
income
7 867
5 391
-
-
total
7 867
5 391
-
-
Dividends
55 065
37 736
-
-
withholding
9 361
6 415
-
-
total
9 361
6 415
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 853
21 517
26 046
25 355
After tax
55 647
57 983
53 454
54 145
Living cost
9 943
9 943
9 943
9 943
Free-cash
45 704
48 040
43 511
44 202

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59016
₴56831
₴60264
₴51650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
79 500
income
-
-
-
8 120
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
12 418
Employee

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

9 857
-
75 303
-
health
838
-
3 463
-
income
674
-
7 056
-
pensions
1 478
-
6 112
-
unemployment
49
-
204
-
total
3 039
-
16 835
-
Employer

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

9 857
-
75 303
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
68 628
79 500
-
-
income
6 176
7 155
-
-
total
6 176
7 155
-
-
Dividends
62 452
72 345
-
-
withholding
5 621
6 511
-
-
total
5 621
6 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
15 851
13 666
21 032
12 418
After tax
63 649
65 834
58 468
67 082
Living cost
6 818
6 818
6 818
6 818
Free-cash
56 831
59 016
51 650
60 264

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41136
₴39241
₴32763
₴30961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
359
income
-
-
-
22 986
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
34 928
Employee
15 879
-
66 811
-
other
15
-
40
-
income
3 061
-
21 512
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
24 040
-
Employer
15 879
-
66 811
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 747
-
9 394
-
total
5 063
-
12 690
-
Corporate
58 559
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.

8 784
11 925
-
-
total
8 784
11 925
-
-
Dividends
49 775
67 575
-
-
withholding
10 535
14 630
-
-
total
10 535
14 630
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 450
26 555
36 730
34 928
After tax
51 050
52 945
42 770
44 572
Living cost
11 809
11 809
11 809
11 809
Free-cash
39 241
41 136
30 961
32 763

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
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.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48433
₴48239
₴49810
₴49726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 036
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
28 515
Employee
1 790
-
78 536
-
health
90
-
214
-
income
346
-
26 991
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
27 634
-
Employer
1 790
-
78 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
77 307
79 500
-
-
income
17 008
17 490
-
-
total
17 008
17 490
-
-
Dividends
60 299
62 010
-
-
withholding
12 060
12 402
-
-
total
12 060
12 402
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 086
29 892
28 599
28 515
After tax
49 414
49 608
50 901
50 985
Living cost
1 175
1 175
1 175
1 175
Free-cash
48 239
48 433
49 726
49 810

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50019
₴47909
₴42011
₴42011
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
income
-
-
-
18 083
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
30 069
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.

11 188
-
73 825
-
health
576
-
1 633
-
income
1 542
-
18 083
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
24 393
-
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.

11 188
-
73 825
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
66 309
79 500
-
-
income
9 946
11 925
-
-
total
9 946
11 925
-
-
Dividends
56 363
67 575
-
-
withholding
8 454
10 136
-
-
total
8 454
10 136
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 171
22 061
30 069
30 069
After tax
55 329
57 439
49 431
49 431
Living cost
7 420
7 420
7 420
7 420
Free-cash
47 909
50 019
42 011
42 011

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33643
₴33488
₴30752
₴24725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income
-
-
-
9 545
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
37 171
Employee
16 667
-
64 242
-
social contributions
1 834
-
7 066
-
surtax
-
-
-
-
income
3 257
-
20 875
-
total
5 091
-
27 941
-
Employer
16 667
-
64 242
-
social contributions
3 958
-
15 257
-
total
3 958
-
15 257
-
Corporate
58 874
79 500
-
-
surtax
-
-
-
-
income
12 363
16 695
-
-
total
12 363
16 695
-
-
Dividends
46 511
62 805
-
-
withholding
13 023
17 585
-
-
total
13 023
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 435
34 280
43 198
37 171
After tax
45 065
45 220
36 302
42 329
Living cost
11 577
11 577
11 577
11 577
Free-cash
33 488
33 643
24 725
30 752

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37853
₴35042
₴29480
₴27678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
359
income
-
-
-
22 986
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
34 928
Employee
20 740
-
66 811
-
other
20
-
40
-
income
4 332
-
21 512
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
24 040
-
Employer
20 740
-
66 811
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 394
-
total
6 613
-
12 690
-
Corporate
52 148
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.

7 823
11 925
-
-
total
7 823
11 925
-
-
Dividends
44 325
67 575
-
-
withholding
9 282
14 630
-
-
total
9 282
14 630
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 366
26 555
36 730
34 928
After tax
50 134
52 945
42 770
44 572
Living cost
15 092
15 092
15 092
15 092
Free-cash
35 042
37 853
27 678
29 480

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60587
₴57970
₴56184
₴59343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
15 930
Employee
9 780
-
76 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
7 656
-
pensions

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

859
-
1 317
-
total
2 394
-
9 828
-
Employer
9 780
-
76 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
67 801
79 500
-
-
income
6 780
7 950
-
-
total
6 780
7 950
-
-
Dividends
61 021
71 550
-
-
withholding
3 051
3 577
-
-
total
3 051
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 144
11 527
12 771
15 930
After tax
65 356
67 973
66 729
63 570
Living cost
7 386
7 386
7 386
7 386
Free-cash
57 970
60 587
59 343
56 184

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24329
₴29947
₴25067
₴33610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 543
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.

-
-
-
25 002
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.

-
-
-
2 934
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.

-
-
-
1 375
total
-
-
-
37 854
Employee

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

21 367
-
79 500
-
health

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

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

2 934
-
2 934
-
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.

97
-
1 375
-
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.

1 757
-
25 002
-
total
4 788
-
29 311
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 133
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.

479
656
-
-
income
8 720
11 925
-
-
trade
8 342
11 408
-
-
chamber of commerce
151
182
-
-
total
17 692
24 171
-
-
Dividends
40 441
55 329
-
-
surtax

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

547
752
-
-
withholding
9 947
13 669
-
-
total
10 494
14 421
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 974
38 592
29 311
37 854
After tax
46 526
40 908
50 189
41 646
Living cost
16 579
16 579
16 579
16 579
Free-cash
29 947
24 329
33 610
25 067

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31187
₴32134
₴16982
₴16982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 702
social contributions
-
-
-
13 353
total
-
-
-
38 055
Employee
33 591
-
79 500
-
income
6 339
-
24 702
-
social contributions
2 791
-
13 353
-
total
9 130
-
38 055
-
Employer
33 591
-
79 500
-
total
-
-
-
-
Corporate
45 909
79 500
-
-
income
5 739
9 937
-
-
total
5 739
9 937
-
-
Dividends
40 170
69 563
-
-
withholding
8 034
13 913
-
-
total
8 034
13 913
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 903
23 850
38 055
38 055
After tax
56 597
55 650
41 445
41 445
Living cost
24 463
24 463
24 463
24 463
Free-cash
32 134
31 187
16 982
16 982

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33817
₴35317
₴48809
₴40702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
79 500
income
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
77 525
-
income
2 138
-
19 259
-
social contributions
1 974
-
1 975
-
total
4 112
-
21 234
-
Employer
19 700
-
77 525
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
57 826
79 500
-
-
income
20 239
27 825
-
-
total
20 239
27 825
-
-
Dividends
37 587
51 675
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 594
30 094
23 209
15 102
After tax
50 906
49 406
56 291
64 398
Living cost
15 589
15 589
15 589
15 589
Free-cash
35 317
33 817
40 702
48 809

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35622
₴38182
₴36411
₴29233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
23 078
pensions
-
-
-
3 956
total
-
-
-
27 034
Employee
22 038
-
69 416
-
health
287
-
993
-
income
4 013
-
18 294
-
pensions
1 682
-
4 842
-
total
5 982
-
24 129
-
Employer
22 038
-
69 416
-
pensions
2 227
-
8 764
-
health
419
-
1 319
-
total
2 646
-
10 083
-
Corporate
54 817
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.

10 415
15 105
-
-
total
10 415
15 105
-
-
Dividends
44 402
64 395
-
-
withholding
6 220
12 718
-
-
total
6 220
12 718
-
-
Income
79 500
79 500
79 500
79 500
Total tax
25 263
27 823
34 212
27 034
After tax
54 237
51 677
45 288
52 466
Living cost
16 055
16 055
16 055
16 055
Free-cash
38 182
35 622
29 233
36 411

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
-₴3716
₴4882
₴44174
₴33181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
accident
-
-
-
108
income
-
-
-
22 200
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 170
Employee
15 975
-
71 843
-
health
1 829
-
8 226
-
income
2 192
-
17 027
-
pensions
1 799
-
3 253
-
total
5 820
-
28 506
-
Employer
15 975
-
71 843
-
accident
267
-
1 200
-
unemployment
391
-
1 760
-
pensions
2 597
-
4 697
-
total
3 255
-
7 657
-
Corporate
60 269
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.

54 242
71 550
-
-
total
54 242
71 550
-
-
Dividends
6 027
7 950
-
-
withholding
1 145
1 510
-
-
total
1 145
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
64 462
73 060
36 163
25 170
After tax
15 038
6 440
43 337
54 330
Living cost
10 156
10 156
10 156
10 156
Free-cash
4 882
-3 716
33 181
44 174

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55030
₴59108
₴41702
₴51124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
13 169
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
32 011
Employee

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

9 259
-
79 500
-
work injury
46
-
171
-
income
926
-
13 169
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
22 589
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 241
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%.

702
7 950
-
-
total
702
7 950
-
-
Dividends
69 539
71 550
-
-
withholding
10 431
10 733
-
-
total
10 431
10 733
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 605
18 683
22 589
32 011
After tax
64 895
60 817
56 911
47 489
Living cost
5 787
5 787
5 787
5 787
Free-cash
59 108
55 030
51 124
41 702

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24767
₴22814
₴19720
₴16231
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
municipal
-
-
-
531
regional
-
-
-
1 825
national
-
-
-
19 868
social contributions
-
-
-
20 448
total
-
-
-
42 672
Employee
36 187
-
79 500
-
social contributions
12 202
-
26 807
-
regional
546
-
1 620
-
municipal
216
-
474
-
national
6 115
-
17 260
-
total
19 079
-
46 161
-
Employer
36 187
-
79 500
-
total
-
-
-
-
Corporate
43 313
79 500
-
-
nationa
10 395
19 080
-
-
municipal
2 088
3 832
-
-
total
12 483
22 912
-
-
Dividends
30 830
56 588
-
-
withholding
8 016
14 713
-
-
total
8 016
14 713
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 578
37 625
46 161
42 672
After tax
39 922
41 875
33 339
36 828
Living cost
17 108
17 108
17 108
17 108
Free-cash
22 814
24 767
16 231
19 720

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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