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
₴25037
₴36056
₴27179
₴30541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 669
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.

-
-
-
1 301
health

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

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

-
-
-
3 400
trade
-
-
-
8 877
total
-
-
-
37 247
Employee

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

19 035
-
79 500
-
surtax

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

29
-
1 301
-
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.

532
-
23 669
-
health

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

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

3 400
-
3 400
-
total
3 961
-
28 370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
60 465
79 500
-
-
income
9 069
11 925
-
-
surtax

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

499
655
-
-
chamber of commerce
162
190
-
-
trade
9 524
12 521
-
-
total
19 254
25 291
-
-
Dividends
41 211
54 208
-
-
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.

556
735
-
-
withholding
10 114
13 363
-
-
total
10 670
14 098
-
-
Income
79 500
79 500
79 500
79 500
Total tax
33 885
39 389
28 370
37 247
After tax
45 615
40 111
51 130
42 253
Living cost
15 074
15 074
15 074
15 074
Free-cash
30 541
25 037
36 056
27 179

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23111
₴21254
₴20630
₴22670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
855
municipal
-
-
-
8 620
national
-
-
-
13 358
pensions
-
-
-
9 540
total
-
-
-
32 373
Employee
41 075
-
68 727
-
municipal
5 073
-
8 928
-
pensions
1 643
-
2 749
-
national
7 862
-
13 835
-
total
14 578
-
25 512
-
Employer
41 075
-
68 727
-
pensions
3 286
-
5 498
-
social contributions
442
-
739
-
total
3 728
-
6 237
-
Corporate
31 987
79 500
-
-
income

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

6 397
15 900
-
-
total
6 397
15 900
-
-
Dividends
25 589
63 600
-
-
withholding
5 630
13 992
-
-
total
5 630
13 992
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 333
29 892
31 749
32 373
After tax
49 167
49 608
47 751
47 127
Living cost
26 497
26 497
26 497
26 497
Free-cash
22 670
23 111
21 254
20 630

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53246
₴37485
₴16379
₴49163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
income
-
-
-
13 427
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.

-
-
-
19 068
microenterprise
-
-
-
-
total
-
-
-
52 767
Employee
14 542
-
58 004
-
surtax
-
-
-
-
social contributions

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

1 600
-
6 381
-
income
2 589
-
11 307
-
total
4 189
-
17 688
-
Employer
14 542
-
58 004
-
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.

3 503
-
13 973
-
surtax
-
-
-
-
total
3 503
-
13 973
-
Corporate
61 455
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%.

12 291
15 900
-
-
total
12 291
15 900
-
-
Dividends

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

49 164
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
19 983
15 900
31 661
52 767
After tax
59 517
63 600
47 839
26 733
Living cost
10 354
10 354
10 354
10 354
Free-cash
49 163
53 246
37 485
16 379

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
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.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18391
₴27935
₴23610
₴15342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 074
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
35 042
Employee
42 499
42 499
70 251
-
pensions
7 650
5 831
5 831
-
income

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

6 956
6 956
9 500
-
health
6 523
5 549
6 137
-
total
21 129
18 336
21 468
-
Employer
42 499
42 499
70 251
-
health
2 954
2 954
3 671
-
pensions
2 958
2 958
3 677
-
unemployment
1 530
1 530
1 901
-
total
7 442
7 442
9 249
-
Corporate
30 080
29 558
-
-
income
6 016
5 912
-
-
total
6 016
5 912
-
-
Dividends
24 064
23 646
-
-
income
5 113
5 024
-
-
withholding
3 610
3 547
-
-
total
8 723
8 571
-
-
Income
79 500
79 500
79 500
79 500
Total tax
43 310
40 261
30 717
35 042
After tax
36 190
39 239
48 783
44 458
Living cost
20 848
20 848
20 848
20 848
Free-cash
15 342
18 391
27 935
23 610

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23526
₴20971
₴21452
₴23080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
19 943
national
-
-
-
5 601
pensions
-
-
-
4 710
total
-
-
-
38 167
Employee
28 329
-
65 809
-
municipal
8 448
-
19 624
-
national
-
-
5 334
-
total
8 448
-
24 958
-
Employer
28 329
-
65 809
-
health
1 742
-
2 680
-
pensions
3 062
-
4 710
-
accident
57
-
87
-
unemployment
748
-
1 150
-
other
3 292
-
5 063
-
total
8 901
-
13 690
-
Corporate
42 270
79 500
-
-
income
9 299
17 490
-
-
total
9 299
17 490
-
-
Dividends
32 970
62 010
-
-
withholding
9 891
18 603
-
-
total
9 891
18 603
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 539
36 093
38 648
38 167
After tax
42 961
43 407
40 852
41 333
Living cost
19 881
19 881
19 881
19 881
Free-cash
23 080
23 526
20 971
21 452

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴20151
₴31579
₴22308
₴27143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 669
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.

-
-
-
1 301
health

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

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

-
-
-
3 400
trade
-
-
-
9 271
total
-
-
-
37 641
Employee

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

25 238
-
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.

119
-
1 301
-
income

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

2 168
-
23 669
-
health

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

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

3 400
-
3 400
-
total
5 687
-
28 370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 262
79 500
-
-
income
8 139
11 925
-
-
surtax

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

448
655
-
-
chamber of commerce
153
189
-
-
trade
8 926
13 078
-
-
total
17 666
25 847
-
-
Dividends
36 596
53 653
-
-
surtax

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

493
727
-
-
withholding
8 960
13 224
-
-
total
9 453
13 951
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 806
39 798
28 370
37 641
After tax
46 694
39 702
51 130
41 859
Living cost
19 551
19 551
19 551
19 551
Free-cash
27 143
20 151
31 579
22 308

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41881
₴37883
₴38604
₴39815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
14 674
social contributions
-
-
-
8 052
health
-
-
-
2 028
total
-
-
-
24 754
Employee
38 269
38 269
73 849
-
social contributions
1 860
3 176
4 284
-
income
4 019
3 543
14 285
-
health
381
651
1 255
-
total
6 260
7 370
19 824
-
Employer
38 269
38 269
73 849
-
health
415
708
1 367
-
social contributions
1 860
3 176
4 284
-
total
2 275
3 884
5 651
-
Corporate
54 825
37 347
-
-
income
6 853
4 668
-
-
total
6 853
4 668
-
-
Dividends
47 972
32 678
-
-
withholding
8 155
5 555
-
-
total
8 155
5 555
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 543
21 477
25 475
24 754
After tax
55 957
58 023
54 025
54 746
Living cost
16 142
16 142
16 142
16 142
Free-cash
39 815
41 881
37 883
38 604

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35754
₴37166
₴46154
₴35940
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 876
5 124
66 527
-
unemployment
193
77
998
-
pensions
1 288
512
6 653
-
income
1 574
626
8 133
-
health
901
359
4 657
-
total
3 956
1 574
20 441
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 876
5 124
66 527
-
pensions
2 511
999
12 973
-
total
2 511
999
12 973
-
Corporate
64 114
73 376
-
-
income
5 770
6 604
-
-
total
5 770
6 604
-
-
Dividends
58 343
66 773
-
-
social contributions
11 318
12 962
-
-
withholding
11 085
12 687
-
-
total
22 403
25 649
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 640
34 826
33 414
24 426
After tax
44 860
44 674
46 086
55 074
Living cost
8 920
8 920
8 920
8 920
Free-cash
35 940
35 754
37 166
46 154

Estimated living cost  is ₴8920 per week

₴6087
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.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51579
₴33800
₴30592
₴48488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
10 653
health
-
-
-
10 335
pensions
-
-
-
15 899
total
-
-
-
36 887
Employee
14 118
-
59 417
-
unemployment
226
-
951
-
pensions
282
-
1 188
-
income
1 589
-
11 456
-
total
2 097
-
13 595
-
Employer
14 118
-
59 417
-
health
1 835
-
7 725
-
pensions
2 824
-
11 884
-
unemployment
113
-
475
-
total
4 772
-
20 084
-
Corporate
60 610
79 500
-
-
income
12 122
15 900
-
-
total
12 122
15 900
-
-
Dividends
48 488
63 600
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
18 991
15 900
33 679
36 887
After tax
60 509
63 600
45 821
42 613
Living cost
12 021
12 021
12 021
12 021
Free-cash
48 488
51 579
33 800
30 592

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4671
₴31739
₴43270
₴4735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
21 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
25 119
Employee
17 478
-
71 010
-
pensions
1 968
-
3 853
-
income
2 398
-
16 176
-
health
2 001
-
8 131
-
total
6 367
-
28 160
-
Employer
17 478
-
71 010
-
pensions
2 842
-
5 564
-
accident
292
-
1 186
-
unemployment
428
-
1 740
-
total
3 562
-
8 490
-
Corporate
58 460
79 500
-
-
income

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

52 614
71 550
-
-
total
52 614
71 550
-
-
Dividends
5 846
7 950
-
-
withholding
1 111
1 510
-
-
total
1 111
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 654
73 060
36 650
25 119
After tax
15 846
6 440
42 850
54 381
Living cost
11 111
11 111
11 111
11 111
Free-cash
4 735
-4 671
31 739
43 270

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴71515
₴59590
₴74695
₴70764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
microenterprise

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

-
-
-
795
total
-
-
-
795
Employee
5 012
-
79 500
-
income
1 002
-
15 900
-
total
1 002
-
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%.

74 488
79 500
-
-
total
-
-
-
-
Dividends
74 488
79 500
-
-
withholding
3 724
3 975
-
-
total
3 724
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
4 726
3 975
15 900
795
After tax
74 774
75 525
63 600
78 705
Living cost
4 010
4 010
4 010
4 010
Free-cash
70 764
71 515
59 590
74 695

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45148
₴31992
₴29653
₴41788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 498
other
-
-
-
3 595
health
-
-
-
3 330
pensions

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

-
-
-
18 163
total
-
-
-
36 586
Employee
18 070
-
63 499
-
unemployment
180
-
635
-
pensions

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

1 265
-
4 444
-
income
3 111
-
12 277
-
health
253
-
889
-
total
4 809
-
18 245
-
Employer
18 070
-
63 499
-
health
253
-
889
-
pensions

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

3 072
-
10 795
-
accident
144
-
508
-
unemployment
180
-
635
-
other
904
-
3 175
-
total
4 553
-
16 002
-
Corporate
56 876
79 500
-
-
income
11 944
16 695
-
-
total
11 944
16 695
-
-
Dividends
44 932
62 805
-
-
withholding
3 145
4 396
-
-
total
3 145
4 396
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 451
21 091
34 247
36 586
After tax
55 049
58 409
45 253
42 914
Living cost
13 261
13 261
13 261
13 261
Free-cash
41 788
45 148
31 992
29 653

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
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.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴19661
₴12837
₴20077
₴19490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
21 863
pensions
-
-
-
4 312
total
-
-
-
26 175
Employee
47 041
-
69 523
-
pensions
4 538
-
5 362
-
income
8 480
-
17 037
-
health
775
-
1 039
-
total
13 793
-
23 438
-
Employer
47 041
-
69 523
-
health
893
-
1 320
-
pensions
5 554
-
8 657
-
total
6 447
-
9 977
-
Corporate
26 011
79 500
-
-
income

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

4 942
15 105
-
-
total
4 942
15 105
-
-
Dividends
21 069
64 395
-
-
withholding
1 580
11 486
-
-
total
1 580
11 486
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 762
26 591
33 415
26 175
After tax
52 738
52 909
46 085
53 325
Living cost
33 248
33 248
33 248
33 248
Free-cash
19 490
19 661
12 837
20 077

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61449
₴59442
₴56410
₴59138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
16 566
Employee
8 638
-
76 090
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
7 609
-
health
397
-
799
-
total
2 114
-
10 125
-
Employer
8 638
-
76 090
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
69 167
79 500
-
-
income
6 917
7 950
-
-
total
6 917
7 950
-
-
Dividends
62 250
71 550
-
-
withholding
3 112
3 577
-
-
total
3 112
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
13 838
11 527
13 534
16 566
After tax
65 662
67 973
65 966
62 934
Living cost
6 524
6 524
6 524
6 524
Free-cash
59 138
61 449
59 442
56 410

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
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.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11642
₴21186
₴16861
₴12894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 074
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
35 042
Employee
46 141
42 499
70 251
-
pensions
5 831
5 831
5 831
-
income

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

6 956
6 956
9 500
-
health
5 756
5 549
6 137
-
total
18 543
18 336
21 468
-
Employer
46 141
42 499
70 251
-
health
3 206
2 954
3 671
-
pensions
3 211
2 958
3 677
-
unemployment
1 661
1 530
1 901
-
total
8 078
7 442
9 249
-
Corporate
25 281
29 558
-
-
income
5 056
5 912
-
-
total
5 056
5 912
-
-
Dividends
20 224
23 646
-
-
income
4 298
5 024
-
-
withholding
3 034
3 547
-
-
total
7 332
8 571
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 009
40 261
30 717
35 042
After tax
40 491
39 239
48 783
44 458
Living cost
27 597
27 597
27 597
27 597
Free-cash
12 894
11 642
21 186
16 861

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42531
₴28139
₴31320
₴38177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
7 681
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
-
health
-
-
-
10 732
total
-
-
-
35 975
Employee
17 948
-
59 328
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
3 856
-
income
2 154
-
7 119
-
health
2 423
-
8 009
-
total
5 744
-
18 984
-
Employer
17 948
-
59 328
-
health
1 615
-
5 340
-
social contributions
4 487
-
14 832
-
total
6 102
-
20 172
-
Corporate
55 449
79 500
-
-
income
10 535
15 105
-
-
total
10 535
15 105
-
-
Dividends
44 914
64 395
-
-
withholding
6 737
9 659
-
-
total
6 737
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 118
24 764
39 156
35 975
After tax
50 382
54 736
40 344
43 525
Living cost
12 205
12 205
12 205
12 205
Free-cash
38 177
42 531
28 139
31 320

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
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.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21416
₴13881
₴17473
₴18819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 447
regional
-
-
-
930
municipal
-
-
-
472
national
-
-
-
19 178
total
-
-
-
41 027
Employee
44 230
-
79 500
-
municipal
234
-
421
-
national
7 664
-
16 570
-
regional
417
-
820
-
social contributions
14 914
-
26 808
-
total
23 229
-
44 619
-
Employer
44 230
-
79 500
-
total
-
-
-
-
Corporate
35 270
79 500
-
-
municipal
1 375
3 101
-
-
nationa
8 465
19 080
-
-
total
9 840
22 181
-
-
Dividends
25 430
57 319
-
-
withholding
6 612
14 903
-
-
total
6 612
14 903
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 681
37 084
44 619
41 027
After tax
39 819
42 416
34 881
38 473
Living cost
21 000
21 000
21 000
21 000
Free-cash
18 819
21 416
13 881
17 473

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39023
₴23736
₴26747
₴37474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 635
other
-
-
-
-
surtax
-
-
-
3 023
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
41 771
Employee
16 458
-
65 675
-
other
-
-
-
-
unemployment
1 146
-
4 571
-
pensions
1 097
-
4 380
-
surtax
54
-
2 548
-
income
2 759
-
17 784
-
health
420
-
1 674
-
total
5 476
-
30 957
-
Employer
16 458
-
65 675
-
health
749
-
2 988
-
pensions
2 194
-
8 755
-
unemployment
521
-
2 082
-
other
-
-
-
-
total
3 464
-
13 825
-
Corporate
59 578
79 500
-
-
income
15 491
20 670
-
-
total
15 491
20 670
-
-
Dividends
44 087
58 830
-
-
withholding
6 613
8 825
-
-
total
6 613
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 044
29 495
44 782
41 771
After tax
48 456
50 005
34 718
37 729
Living cost
10 982
10 982
10 982
10 982
Free-cash
37 474
39 023
23 736
26 747

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30195
₴23371
₴30611
₴32939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
21 863
pensions
-
-
-
4 312
total
-
-
-
26 175
Employee
31 526
-
69 523
-
pensions
2 676
-
5 362
-
income
5 678
-
17 037
-
health
458
-
1 039
-
total
8 812
-
23 438
-
Employer
31 526
-
69 523
-
health
599
-
1 320
-
pensions
3 413
-
8 657
-
total
4 012
-
9 977
-
Corporate
43 963
79 500
-
-
income

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

8 353
15 105
-
-
total
8 353
15 105
-
-
Dividends
35 610
64 395
-
-
withholding
2 670
11 486
-
-
total
2 670
11 486
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 847
26 591
33 415
26 175
After tax
55 653
52 909
46 085
53 325
Living cost
22 714
22 714
22 714
22 714
Free-cash
32 939
30 195
23 371
30 611

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2942
₴21754
₴25618
₴13872
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
other

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

-
-
-
1 590
regional
-
-
-
3 641
health
-
-
-
179
city
-
-
-
838
national
-
-
-
1 025
pensions
-
-
-
7 314
total
-
-
-
14 587
Employee
45 985
-
71 156
-
unemployment
-
-
-
-
pensions
3 863
-
5 978
-
national
218
-
841
-
regional
1 506
-
3 147
-
city
494
-
764
-
health
104
-
160
-
total
6 185
-
10 890
-
Employer
45 985
-
71 156
-
health
104
-
160
-
pensions
3 863
-
5 978
-
unemployment
-
-
-
-
other

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

919
-
1 423
-
total
4 886
-
7 561
-
Corporate
28 122
79 500
-
-
regional
5 947
16 814
-
-
national
2 391
6 758
-
-
total
8 338
23 572
-
-
Dividends
19 784
55 928
-
-
withholding
6 924
19 575
-
-
total
6 924
19 575
-
-
Income
79 500
79 500
79 500
79 500
Total tax
26 333
43 147
18 451
14 587
After tax
53 167
36 353
61 049
64 913
Living cost
39 295
39 295
39 295
39 295
Free-cash
13 872
-2 942
21 754
25 618

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴16495
₴28331
₴18665
₴24564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 669
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.

-
-
-
1 301
health

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

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

-
-
-
3 400
trade
-
-
-
9 666
total
-
-
-
38 036
Employee

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

29 909
-
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.

194
-
1 301
-
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.

3 517
-
23 669
-
health

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

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

3 400
-
3 400
-
total
7 111
-
28 370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
49 591
79 500
-
-
income
7 438
11 925
-
-
surtax

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

409
655
-
-
chamber of commerce
145
187
-
-
trade
8 505
13 634
-
-
total
16 497
26 401
-
-
Dividends
33 093
53 098
-
-
surtax

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

445
720
-
-
withholding
8 084
13 085
-
-
total
8 529
13 805
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 137
40 206
28 370
38 036
After tax
47 363
39 294
51 130
41 464
Living cost
22 799
22 799
22 799
22 799
Free-cash
24 564
16 495
28 331
18 665

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23040
₴27575
₴27905
₴25984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 777
other
-
-
-
2 465
surtax
-
-
-
-
social contributions
-
-
-
2 266
health
-
-
-
3 107
pensions
-
-
-
14 953
total
-
-
-
34 568
Employee
21 300
-
62 057
-
pensions
2 408
-
4 095
-
surtax
-
-
-
-
social contributions
607
-
1 768
-
income
1 257
-
11 596
-
total
4 272
-
17 459
-
Employer
21 300
-
62 057
-
health
1 491
-
5 481
-
pensions
3 499
-
6 932
-
unemployment
862
-
2 513
-
social contributions
64
-
186
-
other
735
-
2 327
-
total
6 651
-
17 439
-
Corporate
51 549
79 500
-
-
income
14 434
22 260
-
-
surtax
-
-
-
-
total
14 434
22 260
-
-
Dividends
37 115
57 240
-
-
surtax
-
-
-
-
social contributions
6 382
9 846
-
-
withholding
4 750
7 327
-
-
total
11 132
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 489
39 433
34 898
34 568
After tax
43 011
40 067
44 602
44 932
Living cost
17 027
17 027
17 027
17 027
Free-cash
25 984
23 040
27 575
27 905

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24727
₴29262
₴29592
₴27493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 777
other
-
-
-
2 465
surtax
-
-
-
-
social contributions
-
-
-
2 266
health
-
-
-
3 107
pensions
-
-
-
14 953
total
-
-
-
34 568
Employee
19 013
-
62 057
-
pensions
2 150
-
4 095
-
surtax
-
-
-
-
social contributions
542
-
1 768
-
income
980
-
11 596
-
total
3 672
-
17 459
-
Employer
19 013
-
62 057
-
health
1 331
-
5 481
-
pensions
3 124
-
6 932
-
unemployment
770
-
2 513
-
social contributions
57
-
186
-
other
656
-
2 327
-
total
5 938
-
17 439
-
Corporate
54 549
79 500
-
-
income
15 274
22 260
-
-
surtax
-
-
-
-
total
15 274
22 260
-
-
Dividends
39 275
57 240
-
-
surtax
-
-
-
-
social contributions
6 756
9 846
-
-
withholding
5 027
7 327
-
-
total
11 783
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 667
39 433
34 898
34 568
After tax
42 833
40 067
44 602
44 932
Living cost
15 340
15 340
15 340
15 340
Free-cash
27 493
24 727
29 262
29 592

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37949
₴39102
₴40502
₴38207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
social contributions
-
-
-
10 971
health
-
-
-
5 549
total
-
-
-
28 445
Employee
16 874
-
79 500
-
social contributions
2 329
-
10 971
-
income
2 814
-
13 325
-
health
1 178
-
5 549
-
total
6 321
-
29 845
-
Employer
16 874
-
79 500
-
total
-
-
-
-
Corporate
62 626
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%.

3 132
3 975
-
-
total
3 132
3 975
-
-
Dividends
59 494
75 525
-
-
social contributions
8 210
10 423
-
-
withholding
8 924
11 328
-
-
health
4 153
5 272
-
-
total
21 287
27 023
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 740
30 998
29 845
28 445
After tax
48 760
48 502
49 655
51 055
Living cost
10 553
10 553
10 553
10 553
Free-cash
38 207
37 949
39 102
40 502

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26529
₴3358
₴23246
₴25762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 047
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
318
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
38 718
Employee
24 872
19 833
62 361
-
other
248
198
582
-
unemployment
746
595
1 744
-
pensions
2 547
2 031
5 954
-
income
2 831
1 463
15 819
-
health
962
768
2 250
-
total
7 334
5 055
26 349
-
Employer
24 872
19 833
62 361
-
chamber of commerce
99
79
249
-
health
940
750
2 198
-
pensions
3 121
2 490
7 297
-
accident
323
258
756
-
unemployment
746
595
1 744
-
surtax
98
98
98
-
payroll
746
595
1 871
-
other
1 181
942
2 926
-
total
7 254
5 807
17 139
-
Corporate
47 373
53 861
60 473
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

11 843
13 465
15 118
-
total
11 843
13 465
15 118
-
Dividends
35 530
40 396
-
-
withholding
9 771
11 108
-
-
total
9 771
11 108
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 202
35 435
58 606
38 718
After tax
43 298
44 065
20 894
40 782
Living cost
17 536
17 536
17 536
17 536
Free-cash
25 762
26 529
3 358
23 246

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26333
₴10301
₴16293
₴18870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
communal

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

-
-
-
4 029
social contributions
-
-
-
12 350
national
-
-
-
28 682
total
-
-
-
45 061
Employee

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

35 599
-
61 574
-
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.

310
-
535
-
communal

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

1 857
-
3 212
-
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.

2 670
-
4 618
-
national
10 945
-
21 870
-
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.

1 673
-
2 894
-
total
17 455
-
33 129
-
Employer

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

35 599
-
61 574
-
health

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

2 189
-
3 786
-
pensions

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

3 154
-
5 455
-
accident

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

463
-
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.

519
-
899
-
surtax
4 036
-
6 983
-
total
10 361
-
17 924
-
Corporate
33 539
79 500
-
-
income
6 707
15 900
-
-
surtax
134
318
-
-
total
6 841
16 218
-
-
Dividends
26 697
63 281
-
-
withholding

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

7 827
18 803
-
-
total
7 827
18 803
-
-
Income
79 500
79 500
79 500
79 500
Total tax
42 484
35 021
51 053
45 061
After tax
37 016
44 479
28 447
34 439
Living cost
18 146
18 146
18 146
18 146
Free-cash
18 870
26 333
10 301
16 293

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35117
₴24647
₴26733
₴31560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
20 955
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
34 794
Employee
24 773
-
64 794
-
other
25
-
46
-
unemployment
384
-
715
-
pensions
1 164
-
2 168
-
income
5 227
-
19 246
-
total
6 800
-
22 175
-
Employer
24 773
-
64 794
-
pensions
5 846
-
10 886
-
accident
490
-
913
-
unemployment
1 363
-
2 537
-
other
197
-
369
-
total
7 896
-
14 705
-
Corporate
46 831
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.

7 025
11 925
-
-
total
7 025
11 925
-
-
Dividends
39 806
67 575
-
-
withholding
8 246
14 485
-
-
total
8 246
14 485
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 967
26 410
36 880
34 794
After tax
49 533
53 090
42 620
44 706
Living cost
17 973
17 973
17 973
17 973
Free-cash
31 560
35 117
24 647
26 733

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19947
₴16343
₴13174
₴13977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
communal
-
-
-
5 024
accident
-
-
-
671
income
-
-
-
12 143
surtax
-
-
-
3 941
health
-
-
-
5 585
pensions
-
-
-
11 916
total
-
-
-
39 280
Employee
37 688
-
71 014
-
pensions
3 015
-
5 681
-
surtax
2 310
-
4 352
-
income
3 640
-
14 432
-
health
1 677
-
3 160
-
total
10 642
-
27 625
-
Employer
37 688
-
71 014
-
health
1 149
-
2 166
-
pensions
3 015
-
5 681
-
accident
339
-
639
-
total
4 503
-
8 486
-
Corporate
37 308
79 500
-
-
communal
2 518
5 366
-
-
income
5 597
11 925
-
-
surtax
392
835
-
-
total
8 507
18 126
-
-
Dividends
28 802
61 374
-
-
income
10 505
5 175
-
-
withholding
4 320
9 206
-
-
total
14 825
14 381
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 477
32 507
36 111
39 280
After tax
41 023
46 993
43 389
40 220
Living cost
27 046
27 046
27 046
27 046
Free-cash
13 977
19 947
16 343
13 174

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
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.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38827
₴23540
₴26551
₴37245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 635
other
-
-
-
-
surtax
-
-
-
3 023
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
41 771
Employee
16 760
-
65 675
-
other
-
-
-
-
unemployment
1 166
-
4 571
-
pensions
1 118
-
4 380
-
surtax
59
-
2 548
-
income
2 810
-
17 784
-
health
428
-
1 674
-
total
5 581
-
30 957
-
Employer
16 760
-
65 675
-
health
762
-
2 988
-
pensions
2 235
-
8 755
-
unemployment
532
-
2 082
-
other
-
-
-
-
total
3 529
-
13 825
-
Corporate
59 212
79 500
-
-
income
15 395
20 670
-
-
total
15 395
20 670
-
-
Dividends
43 817
58 830
-
-
withholding
6 572
8 825
-
-
total
6 572
8 825
-
-
Income
79 500
79 500
79 500
79 500
Total tax
31 077
29 495
44 782
41 771
After tax
48 423
50 005
34 718
37 729
Living cost
11 178
11 178
11 178
11 178
Free-cash
37 245
38 827
23 540
26 551

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28381
₴21225
₴24798
₴27277
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 447
regional
-
-
-
1 199
municipal
-
-
-
472
national
-
-
-
19 178
total
-
-
-
41 296
Employee
27 607
-
79 500
-
municipal
146
-
421
-
national
4 374
-
16 570
-
regional
372
-
1 070
-
social contributions
9 309
-
26 808
-
total
14 201
-
44 869
-
Employer
27 607
-
79 500
-
total
-
-
-
-
Corporate
51 893
79 500
-
-
municipal
2 579
3 951
-
-
nationa
12 454
19 080
-
-
total
15 033
23 031
-
-
Dividends
36 860
56 468
-
-
withholding
9 583
14 682
-
-
total
9 583
14 682
-
-
Income
79 500
79 500
79 500
79 500
Total tax
38 817
37 713
44 869
41 296
After tax
40 683
41 787
34 631
38 204
Living cost
13 406
13 406
13 406
13 406
Free-cash
27 277
28 381
21 225
24 798

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39697
₴25305
₴28486
₴34332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
7 681
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
-
health
-
-
-
10 732
total
-
-
-
35 975
Employee
22 117
-
59 328
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
3 856
-
income
2 654
-
7 119
-
health
2 986
-
8 009
-
total
7 078
-
18 984
-
Employer
22 117
-
59 328
-
health
1 990
-
5 340
-
social contributions
5 529
-
14 832
-
total
7 519
-
20 172
-
Corporate
49 863
79 500
-
-
income
9 474
15 105
-
-
total
9 474
15 105
-
-
Dividends
40 389
64 395
-
-
withholding
6 058
9 659
-
-
total
6 058
9 659
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 129
24 764
39 156
35 975
After tax
49 371
54 736
40 344
43 525
Living cost
15 039
15 039
15 039
15 039
Free-cash
34 332
39 697
25 305
28 486

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28240
₴5044
₴25002
₴27994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
20 047
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
318
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
38 620
Employee
21 755
19 833
62 452
-
other
217
198
582
-
unemployment
653
595
1 744
-
pensions
2 228
2 031
5 954
-
income
1 938
1 463
15 858
-
health
841
768
2 250
-
total
5 877
5 055
26 388
-
Employer
21 755
19 833
62 452
-
chamber of commerce
87
79
250
-
health
823
750
2 198
-
pensions
2 730
2 490
7 297
-
accident
282
258
756
-
unemployment
653
595
1 744
-
surtax
-
-
-
-
payroll
653
595
1 874
-
other
1 033
942
2 930
-
total
6 261
5 709
17 049
-
Corporate
51 485
53 959
60 563
-
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.

12 871
13 489
15 141
-
total
12 871
13 489
15 141
-
Dividends
38 614
40 469
-
-
withholding
10 619
11 129
-
-
total
10 619
11 129
-
-
Income
79 500
79 500
79 500
79 500
Total tax
35 628
35 382
58 578
38 620
After tax
43 872
44 118
20 922
40 880
Living cost
15 878
15 878
15 878
15 878
Free-cash
27 994
28 240
5 044
25 002

Estimated living cost  is ₴15878 per week

₴9525
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.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69276
₴57351
₴72456
₴68105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 811
-
79 500
-
income
1 562
-
15 900
-
total
1 562
-
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%.

71 689
79 500
-
-
total
-
-
-
-
Dividends
71 689
79 500
-
-
withholding
3 584
3 975
-
-
total
3 584
3 975
-
-
Income
79 500
79 500
79 500
79 500
Total tax
5 146
3 975
15 900
795
After tax
74 354
75 525
63 600
78 705
Living cost
6 249
6 249
6 249
6 249
Free-cash
68 105
69 276
57 351
72 456

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41386
₴23787
₴25893
₴37225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
79 500
income
-
-
-
17 797
unemployment
-
-
-
119
health
-
-
-
7 823
pensions
-
-
-
14 519
total
-
-
-
40 258
Employee

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

22 007
-
68 789
-
unemployment
31
-
96
-
pensions
3 411
-
10 663
-
income
3 795
-
16 450
-
health
1 421
-
4 444
-
total
8 658
-
31 653
-
Employer

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

22 007
-
68 789
-
health
1 466
-
4 581
-
pensions
1 947
-
6 088
-
unemployment
13
-
42
-
total
3 426
-
10 711
-
Corporate
54 066
79 500
-
-
income
10 273
15 105
-
-
total
10 273
15 105
-
-
Dividends
43 794
64 395
-
-
withholding
6 569
9 660
-
-
total
6 569
9 660
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 926
24 765
42 364
40 258
After tax
50 574
54 735
37 136
39 242
Living cost
13 349
13 349
13 349
13 349
Free-cash
37 225
41 386
23 787
25 893

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27110
₴51761
₴33683
₴3675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
15 496
social contributions
-
-
-
9 063
total
-
-
-
24 559
Employee
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
Corporate
6 040
79 500
-
-
income
1 329
17 490
-
-
total
1 329
17 490
-
-
Dividends
4 711
62 010
-
-
income
1 036
13 642
-
-
total
1 036
13 642
-
-
Income
79 500
79 500
79 500
79 500
Total tax
54 567
31 132
6 481
24 559
After tax
24 933
48 368
73 019
54 941
Living cost
21 258
21 258
21 258
21 258
Free-cash
3 675
27 110
51 761
33 683

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29610
₴21463
₴27266
₴29108
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income
-
-
-
8 998
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 624
Employee
22 889
-
64 243
-
surtax
-
-
-
-
social contributions
2 518
-
7 066
-
income
4 761
-
20 104
-
total
7 279
-
27 170
-
Employer
22 889
-
64 243
-
social contributions
5 436
-
15 257
-
total
5 436
-
15 257
-
Corporate
51 175
79 500
-
-
income
10 747
16 695
-
-
surtax
-
-
-
-
total
10 747
16 695
-
-
Dividends
40 428
62 805
-
-
withholding
11 320
17 585
-
-
total
11 320
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 782
34 280
42 427
36 624
After tax
44 718
45 220
37 073
42 876
Living cost
15 610
15 610
15 610
15 610
Free-cash
29 108
29 610
21 463
27 266

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16030
₴20565
₴20895
₴19450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 777
other
-
-
-
2 465
surtax
-
-
-
-
social contributions
-
-
-
2 266
health
-
-
-
3 107
pensions
-
-
-
14 953
total
-
-
-
34 568
Employee
31 170
-
62 057
-
pensions
3 526
-
4 095
-
surtax
-
-
-
-
social contributions
888
-
1 768
-
income
2 720
-
11 596
-
total
7 134
-
17 459
-
Employer
31 170
-
62 057
-
health
2 182
-
5 481
-
pensions
5 122
-
6 932
-
unemployment
1 263
-
2 513
-
social contributions
93
-
186
-
other
1 076
-
2 327
-
total
9 736
-
17 439
-
Corporate
38 594
79 500
-
-
income
10 806
22 260
-
-
surtax
-
-
-
-
total
10 806
22 260
-
-
Dividends
27 788
57 240
-
-
surtax
-
-
-
-
social contributions
4 780
9 846
-
-
withholding
3 557
7 327
-
-
total
8 337
17 173
-
-
Income
79 500
79 500
79 500
79 500
Total tax
36 013
39 433
34 898
34 568
After tax
43 487
40 067
44 602
44 932
Living cost
24 037
24 037
24 037
24 037
Free-cash
19 450
16 030
20 565
20 895

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56590
₴45984
₴43871
₴54918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 179
social contributions
-
-
-
17 490
total
-
-
-
20 669
Employee
16 000
-
68 831
-
income
-
-
3 413
-
social contributions
1 040
-
4 474
-
total
1 040
-
7 887
-
Employer
16 000
-
68 831
-
social contributions
2 480
-
10 669
-
total
2 480
-
10 669
-
Corporate
61 020
79 500
-
-
income
6 102
7 950
-
-
total
6 102
7 950
-
-
Dividends
54 918
71 550
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
9 622
7 950
18 556
20 669
After tax
69 878
71 550
60 944
58 831
Living cost
14 960
14 960
14 960
14 960
Free-cash
54 918
56 590
45 984
43 871

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28927
-₴28927
₴23393
-₴28927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
labour market
-
-
-
6 325
municipal
-
-
-
16 318
national
-
-
-
9 066
pensions
-
-
-
431
total
-
-
-
32 140
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
79 500
79 500
79 500
79 500
Total tax
84 460
84 460
84 460
32 140
After tax
-4 960
-4 960
-4 960
47 360
Living cost
23 967
23 967
23 967
23 967
Free-cash
-28 927
-28 927
-28 927
23 393

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4507
₴31903
₴43434
₴4759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
21 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
25 119
Employee
17 220
-
71 010
-
pensions
1 939
-
3 853
-
income
2 362
-
16 176
-
health
1 972
-
8 131
-
total
6 273
-
28 160
-
Employer
17 220
-
71 010
-
pensions
2 800
-
5 564
-
accident
288
-
1 186
-
unemployment
422
-
1 740
-
total
3 510
-
8 490
-
Corporate
58 771
79 500
-
-
income

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

52 894
71 550
-
-
total
52 894
71 550
-
-
Dividends
5 877
7 950
-
-
withholding
1 117
1 510
-
-
total
1 117
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
63 794
73 060
36 650
25 119
After tax
15 706
6 440
42 850
54 381
Living cost
10 947
10 947
10 947
10 947
Free-cash
4 759
-4 507
31 903
43 434

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31216
₴23118
₴33357
₴32271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
health
-
-
-
1 016
municipal
-
-
-
14 127
national
-
-
-
11 893
total
-
-
-
27 036
Employee
26 184
-
66 880
-
municipal
4 289
-
10 897
-
unemployment
393
-
1 003
-
pensions
1 767
-
4 514
-
national
433
-
7 419
-
health
195
-
823
-
total
7 077
-
24 656
-
Employer
26 184
-
66 880
-
health
201
-
515
-
pensions
4 543
-
11 603
-
accident
26
-
67
-
unemployment
170
-
434
-
total
4 940
-
12 619
-
Corporate
48 376
79 500
-
-
income
9 675
15 900
-
-
total
9 675
15 900
-
-
Dividends

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

29 026
47 700
-
-
municipal
5 225
8 586
-
-
national
1 205
4 691
-
-
total
6 430
13 277
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 122
29 177
37 275
27 036
After tax
51 378
50 323
42 225
52 464
Living cost
19 107
19 107
19 107
19 107
Free-cash
32 271
31 216
23 118
33 357

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46500
₴42502
₴43223
₴43790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
14 674
social contributions
-
-
-
8 052
health
-
-
-
2 028
total
-
-
-
24 754
Employee
38 269
38 269
73 849
-
social contributions
1 447
3 176
4 284
-
income
4 167
3 543
14 285
-
health
297
651
1 255
-
total
5 911
7 370
19 824
-
Employer
38 269
38 269
73 849
-
health
322
708
1 367
-
social contributions
1 447
3 176
4 284
-
total
1 769
3 884
5 651
-
Corporate
60 298
37 347
-
-
income
7 538
4 668
-
-
total
7 538
4 668
-
-
Dividends
52 761
32 678
-
-
withholding
8 969
5 555
-
-
total
8 969
5 555
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 187
21 477
25 475
24 754
After tax
55 313
58 023
54 025
54 746
Living cost
11 523
11 523
11 523
11 523
Free-cash
43 790
46 500
42 502
43 223

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57932
₴48613
₴58596
₴55399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 021
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
13 002
Employee

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

11 423
-
74 636
-
unemployment
57
-
236
-
pensions
1 713
-
7 083
-
income
781
-
6 788
-
health
971
-
4 014
-
total
3 522
-
18 121
-
Employer

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

11 423
-
74 636
-
health
491
-
2 031
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 864
-
Corporate
66 901
79 500
-
-
income
6 021
7 155
-
-
total
6 021
7 155
-
-
Dividends
60 880
72 345
-
-
withholding
5 480
6 511
-
-
total
5 480
6 511
-
-
Income
79 500
79 500
79 500
79 500
Total tax
16 199
13 666
22 985
13 002
After tax
63 301
65 834
56 515
66 498
Living cost
7 902
7 902
7 902
7 902
Free-cash
55 399
57 932
48 613
58 596

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
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.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39405
₴28935
₴31021
₴37202
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
20 955
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
34 794
Employee
18 402
-
64 794
-
other
18
-
46
-
unemployment
285
-
715
-
pensions
865
-
2 168
-
income
3 548
-
19 246
-
total
4 716
-
22 175
-
Employer
18 402
-
64 794
-
pensions
4 342
-
10 886
-
accident
365
-
913
-
unemployment
1 012
-
2 537
-
other
147
-
369
-
total
5 866
-
14 705
-
Corporate
55 231
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.

8 285
11 925
-
-
total
8 285
11 925
-
-
Dividends
46 947
67 575
-
-
withholding
9 746
14 485
-
-
total
9 746
14 485
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 613
26 410
36 880
34 794
After tax
50 887
53 090
42 620
44 706
Living cost
13 685
13 685
13 685
13 685
Free-cash
37 202
39 405
28 935
31 021

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
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.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48600
₴50003
₴50075
₴48434
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 149
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
28 417
Employee
1 535
-
78 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
27 110
-
health
77
-
184
-
total
527
-
27 662
-
Employer
1 535
-
78 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
77 619
79 500
-
-
income
17 076
17 490
-
-
total
17 076
17 490
-
-
Dividends
60 543
62 010
-
-
withholding
12 109
12 402
-
-
total
12 109
12 402
-
-
Income
79 500
79 500
79 500
79 500
Total tax
30 058
29 892
28 489
28 417
After tax
49 442
49 608
51 011
51 083
Living cost
1 008
1 008
1 008
1 008
Free-cash
48 434
48 600
50 003
50 075

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48848
₴39234
₴39233
₴46405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
79 500
income
-
-
-
17 800
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
31 677
Employee

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

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

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

12 954
-
72 929
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
17 800
-
health
667
-
1 891
-
total
4 364
-
25 105
-
Employer

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

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

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

12 954
-
72 929
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
64 227
79 500
-
-
income
9 634
11 925
-
-
total
9 634
11 925
-
-
Dividends
54 593
67 575
-
-
withholding
8 189
10 136
-
-
total
8 189
10 136
-
-
Income
79 500
79 500
79 500
79 500
Total tax
24 505
22 061
31 676
31 677
After tax
54 995
57 439
47 824
47 823
Living cost
8 590
8 590
8 590
8 590
Free-cash
46 405
48 848
39 234
39 233

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
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.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31803
₴23656
₴29459
₴31624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income
-
-
-
8 998
surtax
-
-
-
-
social contributions

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

-
-
-
27 626
total
-
-
-
36 624
Employee
19 316
-
64 243
-
surtax
-
-
-
-
social contributions
2 125
-
7 066
-
income
3 774
-
20 104
-
total
5 899
-
27 170
-
Employer
19 316
-
64 243
-
social contributions
4 587
-
15 257
-
total
4 587
-
15 257
-
Corporate
55 597
79 500
-
-
income
11 675
16 695
-
-
surtax
-
-
-
-
total
11 675
16 695
-
-
Dividends
43 922
62 805
-
-
withholding
12 298
17 585
-
-
total
12 298
17 585
-
-
Income
79 500
79 500
79 500
79 500
Total tax
34 459
34 280
42 427
36 624
After tax
45 041
45 220
37 073
42 876
Living cost
13 417
13 417
13 417
13 417
Free-cash
31 624
31 803
23 656
29 459

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35600
₴25130
₴27216
₴32211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
20 955
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
34 794
Employee
24 035
-
64 794
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 130
-
2 168
-
income
5 020
-
19 246
-
total
6 546
-
22 175
-
Employer
24 035
-
64 794
-
pensions
5 672
-
10 886
-
accident
476
-
913
-
unemployment
1 322
-
2 537
-
other
193
-
369
-
total
7 663
-
14 705
-
Corporate
47 801
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.

7 170
11 925
-
-
total
7 170
11 925
-
-
Dividends
40 631
67 575
-
-
withholding
8 420
14 485
-
-
total
8 420
14 485
-
-
Income
79 500
79 500
79 500
79 500
Total tax
29 799
26 410
36 880
34 794
After tax
49 701
53 090
42 620
44 706
Living cost
17 490
17 490
17 490
17 490
Free-cash
32 211
35 600
25 130
27 216

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59414
₴57407
₴54375
₴56380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
11 925
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
16 566
Employee
11 334
-
76 090
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
7 609
-
health
521
-
799
-
total
2 775
-
10 125
-
Employer
11 334
-
76 090
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
65 943
79 500
-
-
income
6 594
7 950
-
-
total
6 594
7 950
-
-
Dividends
59 349
71 550
-
-
withholding
2 968
3 577
-
-
total
2 968
3 577
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 561
11 527
13 534
16 566
After tax
64 939
67 973
65 966
62 934
Living cost
8 559
8 559
8 559
8 559
Free-cash
56 380
59 414
57 407
54 375

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21716
₴31916
₴23828
₴28225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income

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

-
-
-
23 669
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.

-
-
-
1 301
health

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

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

-
-
-
3 400
trade
-
-
-
8 088
total
-
-
-
36 458
Employee

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

24 762
-
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.

112
-
1 301
-
income

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

2 036
-
23 669
-
health

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

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

3 400
-
3 400
-
total
5 548
-
28 370
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 738
79 500
-
-
income
8 211
11 925
-
-
surtax

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

451
655
-
-
chamber of commerce
156
192
-
-
trade
7 855
11 408
-
-
total
16 673
24 180
-
-
Dividends
38 065
55 320
-
-
surtax

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

513
750
-
-
withholding
9 327
13 640
-
-
total
9 840
14 390
-
-
Income
79 500
79 500
79 500
79 500
Total tax
32 061
38 570
28 370
36 458
After tax
47 439
40 930
51 130
43 042
Living cost
19 214
19 214
19 214
19 214
Free-cash
28 225
21 716
31 916
23 828

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27301
₴14502
₴14502
₴28398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
23 574
social contributions
-
-
-
13 074
total
-
-
-
36 648
Employee
38 929
-
79 500
-
income
7 346
-
23 574
-
social contributions
3 234
-
13 074
-
total
10 580
-
36 648
-
Employer
38 929
-
79 500
-
total
-
-
-
-
Corporate
40 571
79 500
-
-
income
5 072
9 937
-
-
total
5 072
9 937
-
-
Dividends
35 499
69 563
-
-
withholding
7 100
13 912
-
-
total
7 100
13 912
-
-
Income
79 500
79 500
79 500
79 500
Total tax
22 752
23 849
36 648
36 648
After tax
56 748
55 651
42 852
42 852
Living cost
28 350
28 350
28 350
28 350
Free-cash
28 398
27 301
14 502
14 502

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30980
₴38959
₴44251
₴32720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
79 500
income
-
-
-
14 166
health

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

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
77 211
-
income
2 477
-
17 897
-
social contributions
2 287
-
2 289
-
total
4 764
-
20 186
-
Employer
22 830
-
77 211
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
54 382
79 500
-
-
income
19 034
27 825
-
-
total
19 034
27 825
-
-
Dividends
35 348
51 675
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
79 500
79 500
79 500
79 500
Total tax
28 714
30 454
22 475
17 183
After tax
50 786
49 046
57 025
62 317
Living cost
18 066
18 066
18 066
18 066
Free-cash
32 720
30 980
38 959
44 251

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34443
₴27619
₴34859
₴37387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
income
-
-
-
21 863
pensions
-
-
-
4 312
total
-
-
-
26 175
Employee
25 347
-
69 523
-
pensions
1 935
-
5 362
-
income
4 616
-
17 037
-
health
331
-
1 039
-
total
6 882
-
23 438
-
Employer
25 347
-
69 523
-
health
482
-
1 320
-
pensions
2 561
-
8 657
-
total
3 043
-
9 977
-
Corporate
51 110
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.

9 711
15 105
-
-
total
9 711
15 105
-
-
Dividends
41 399
64 395
-
-
withholding
4 011
11 486
-
-
total
4 011
11 486
-
-
Income
79 500
79 500
79 500
79 500
Total tax
23 647
26 591
33 415
26 175
After tax
55 853
52 909
46 085
53 325
Living cost
18 466
18 466
18 466
18 466
Free-cash
37 387
34 443
27 619
34 859

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5591
₴30819
₴42350
₴4593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
21 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
25 119
Employee
18 925
-
71 010
-
pensions
2 131
-
3 853
-
income
2 596
-
16 176
-
health
2 167
-
8 131
-
total
6 894
-
28 160
-
Employer
18 925
-
71 010
-
pensions
3 077
-
5 564
-
accident
316
-
1 186
-
unemployment
464
-
1 740
-
total
3 857
-
8 490
-
Corporate
56 719
79 500
-
-
income

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

51 047
71 550
-
-
total
51 047
71 550
-
-
Dividends
5 672
7 950
-
-
withholding
1 078
1 510
-
-
total
1 078
1 510
-
-
Income
79 500
79 500
79 500
79 500
Total tax
62 876
73 060
36 650
25 119
After tax
16 624
6 440
42 850
54 381
Living cost
12 031
12 031
12 031
12 031
Free-cash
4 593
-5 591
30 819
42 350

Estimated living cost  is ₴12031 per week

₴8829
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.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60175
₴48846
₴37929
₴57847
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
79 500
income
-
-
-
12 984
unemployment
-
-
-
954
work injury
-
-
-
398
health insurance
-
-
-
5 883
pensions
-
-
-
14 628
total
-
-
-
34 847
Employee

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

10 758
-
79 500
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
12 984
-
total
4 034
-
23 930
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
68 742
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%.

687
795
-
-
total
687
795
-
-
Dividends
68 055
78 705
-
-
withholding
10 208
11 806
-
-
total
10 208
11 806
-
-
Income
79 500
79 500
79 500
79 500
Total tax
14 929
12 601
23 930
34 847
After tax
64 571
66 899
55 570
44 653
Living cost
6 724
6 724
6 724
6 724
Free-cash
57 847
60 175
48 846
37 929

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22049
₴14215
₴17705
₴19785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
79 500
social contributions
-
-
-
20 447
regional
-
-
-
1 812
municipal
-
-
-
532
national
-
-
-
19 178
total
-
-
-
41 969
Employee
41 937
-
79 500
-
municipal
250
-
474
-
national
7 087
-
16 570
-
regional
633
-
1 607
-
social contributions
14 141
-
26 808
-
total
22 111
-
45 459
-
Employer
41 937
-
79 500
-
total
-
-
-
-
Corporate
37 563
79 500
-
-
municipal
1 810
3 832
-
-
nationa
9 016
19 080
-
-
total
10 826
22 912
-
-
Dividends
26 737
56 588
-
-
withholding
6 952
14 713
-
-
total
6 952
14 713
-
-
Income
79 500
79 500
79 500
79 500
Total tax
39 889
37 625
45 459
41 969
After tax
39 611
41 875
34 041
37 531
Living cost
19 826
19 826
19 826
19 826
Free-cash
19 785
22 049
14 215
17 705

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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