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
₴ 8000
per

Your estimated
City
free-cash

Dresden , Germany
-₴8858
-₴8421
-₴7937
-₴7937
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
trade
-
-
-
-
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.

-
-
-
-
health

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

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

-
-
-
2 933
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.

-
-
-
-
total
-
-
-
2 933
Employee

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

16 421
-
8 000
-
health

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

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

2 933
-
2 933
-
surtax

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

25
-
-
-
income

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

459
-
-
-
total
3 417
-
2 933
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 000
-
-
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.

-
66
-
-
income
-
1 200
-
-
trade
-
1 260
-
-
chamber of commerce
-
77
-
-
total
-
2 603
-
-
Dividends
-
5 398
-
-
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.

-
65
-
-
withholding
-
1 186
-
-
total
-
1 251
-
-
Income
8 000
8 000
8 000
8 000
Total tax
3 417
3 854
2 933
2 933
After tax
4 583
4 146
5 067
5 067
Living cost
13 004
13 004
13 004
13 004
Free-cash
-8 421
-8 858
-7 937
-7 937

Estimated living cost  is ₴13004 per week

₴8180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1516
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.
₴3065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴16672
-₴28631
-₴15730
-₴15667
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
municipal
-
-
-
400
pensions
-
-
-
960
national
-
-
-
620
social contributions
-
-
-
86
total
-
-
-
2 066
Employee
33 583
-
6 916
-
municipal
4 148
-
431
-
pensions
1 343
-
277
-
national
6 428
-
668
-
total
11 919
-
1 376
-
Employer
33 583
-
6 916
-
social contributions
361
-
74
-
pensions
2 687
-
553
-
total
3 048
-
627
-
Corporate
-
8 000
-
-
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%.

-
1 600
-
-
total
-
1 600
-
-
Dividends
-
6 400
-
-
withholding
-
1 408
-
-
total
-
1 408
-
-
Income
8 000
8 000
8 000
8 000
Total tax
14 967
3 008
2 003
2 066
After tax
-6 967
4 992
5 997
5 934
Living cost
21 664
21 664
21 664
21 664
Free-cash
-28 631
-16 672
-15 667
-15 730

Estimated living cost  is ₴21664 per week

₴14725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2532
-₴7567
-₴3484
-₴4342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
microenterprise
-
-
-
1 200
income
-
-
-
-
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.

-
-
-
1 352
total
-
-
-
2 552
Employee
12 546
-
6 447
-
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.

1 380
-
709
-
surtax
-
-
-
-
income
2 233
-
1 148
-
total
3 613
-
1 857
-
Employer
12 546
-
6 447
-
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.

3 022
-
1 553
-
surtax
-
-
-
-
total
3 022
-
1 553
-
Corporate
-
8 000
-
-
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%.

-
1 600
-
-
total
-
1 600
-
-
Dividends

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

-
6 400
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
6 635
1 600
3 410
2 552
After tax
1 365
6 400
4 590
5 448
Living cost
8 932
8 932
8 932
8 932
Free-cash
-7 567
-2 532
-4 342
-3 484

Estimated living cost  is ₴8932 per week

₴5698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32225
-₴34636
-₴13375
-₴34636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
720
pensions
-
-
-
1 440
health
-
-
-
1 229
total
-
-
-
3 389
Employee
36 664
36 664
36 664
-
health
5 628
4 787
5 628
-
income

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

6 001
6 001
6 001
-
pensions
6 600
5 030
6 600
-
total
18 229
15 818
18 229
-
Employer
36 664
36 664
36 664
-
unemployment
1 320
1 320
1 320
-
pensions
2 552
2 552
2 552
-
health
2 549
2 549
2 549
-
total
6 421
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
24 650
22 239
24 650
3 389
After tax
-16 650
-14 239
-16 650
4 611
Living cost
17 986
17 986
17 986
17 986
Free-cash
-34 636
-32 225
-34 636
-13 375

Estimated living cost  is ₴17986 per week

₴12746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
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.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12177
-₴22980
-₴12558
-₴12272
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
municipal
-
-
-
1 695
accident
-
-
-
16
pensions
-
-
-
865
other
-
-
-
930
unemployment
-
-
-
8
health
-
-
-
499
national
-
-
-
-
total
-
-
-
4 013
Employee
23 574
-
6 087
-
municipal
7 030
-
1 815
-
national
-
-
-
-
total
7 030
-
1 815
-
Employer
23 574
-
6 087
-
accident
47
-
12
-
other
2 739
-
707
-
unemployment
622
-
161
-
pensions
2 548
-
658
-
health
1 450
-
374
-
total
7 406
-
1 912
-
Corporate
-
8 000
-
-
income
-
1 760
-
-
total
-
1 760
-
-
Dividends
-
6 240
-
-
withholding
-
1 872
-
-
total
-
1 872
-
-
Income
8 000
8 000
8 000
8 000
Total tax
14 436
3 632
3 727
4 013
After tax
-6 436
4 368
4 273
3 987
Living cost
16 544
16 544
16 544
16 544
Free-cash
-22 980
-12 177
-12 272
-12 558

Estimated living cost  is ₴16544 per week

₴10965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-₴12761
-₴13773
-₴11799
-₴11799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
trade
-
-
-
-
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.

-
-
-
-
health

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

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

-
-
-
2 933
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.

-
-
-
-
total
-
-
-
2 933
Employee

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

21 773
-
8 000
-
health

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

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

2 933
-
2 933
-
surtax

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

103
-
-
-
income

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

1 871
-
-
-
total
4 907
-
2 933
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 000
-
-
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.

-
66
-
-
income
-
1 200
-
-
trade
-
1 316
-
-
chamber of commerce
-
77
-
-
total
-
2 659
-
-
Dividends
-
5 341
-
-
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.

-
64
-
-
withholding
-
1 172
-
-
total
-
1 236
-
-
Income
8 000
8 000
8 000
8 000
Total tax
4 907
3 895
2 933
2 933
After tax
3 093
4 105
5 067
5 067
Living cost
16 866
16 866
16 866
16 866
Free-cash
-13 773
-12 761
-11 799
-11 799

Estimated living cost  is ₴16866 per week

₴11280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
-₴15634
-₴13287
-₴8888
-₴11881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 322
income
-
-
-
-
health
-
-
-
416
social contributions
-
-
-
2 546
total
-
-
-
2 962
Employee
33 014
33 014
33 014
-
social contributions
1 604
2 740
924
-
health
328
561
189
-
income
3 467
3 056
3 712
-
total
5 399
6 357
4 825
-
Employer
33 014
33 014
33 014
-
social contributions
1 604
2 740
924
-
health
358
611
206
-
total
1 962
3 351
1 130
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
7 361
9 708
5 955
2 962
After tax
639
-1 708
2 045
5 038
Living cost
13 926
13 926
13 926
13 926
Free-cash
-13 287
-15 634
-11 881
-8 888

Estimated living cost  is ₴13926 per week

₴9520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
-₴3141
-₴5415
-₴2235
-₴3138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
978
pensions
-
-
-
800
unemployment
-
-
-
120
health
-
-
-
560
total
-
-
-
2 458
Employee

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

The minimum wage is 138,000 HUF per month.

11 226
4 468
6 695
-
health
786
313
469
-
income
1 372
546
818
-
pensions
1 123
447
669
-
unemployment
168
67
100
-
total
3 449
1 373
2 056
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 226
4 468
6 695
-
pensions
2 189
871
1 305
-
total
2 189
871
1 305
-
Corporate
-
2 661
-
-
income
-
239
-
-
total
-
239
-
-
Dividends
-
2 421
-
-
social contributions
-
421
-
-
withholding
-
460
-
-
total
-
881
-
-
Income
8 000
8 000
8 000
8 000
Total tax
5 638
3 364
3 361
2 458
After tax
2 362
4 636
4 639
5 542
Living cost
7 777
7 777
7 777
7 777
Free-cash
-5 415
-3 141
-3 138
-2 235

Estimated living cost  is ₴7777 per week

₴5307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3970
-₴8297
-₴5105
-₴4781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
95
pensions
-
-
-
1 600
health
-
-
-
1 040
total
-
-
-
2 735
Employee
12 180
-
5 979
-
income
1 371
-
175
-
pensions
244
-
120
-
unemployment
195
-
95
-
total
1 810
-
390
-
Employer
12 180
-
5 979
-
unemployment
98
-
48
-
pensions
2 436
-
1 196
-
health
1 583
-
777
-
total
4 117
-
2 021
-
Corporate
-
8 000
-
-
income
-
1 600
-
-
total
-
1 600
-
-
Dividends
-
6 400
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
5 927
1 600
2 411
2 735
After tax
2 073
6 400
5 589
5 265
Living cost
10 370
10 370
10 370
10 370
Free-cash
-8 297
-3 970
-4 781
-5 105

Estimated living cost  is ₴10370 per week

₴7113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8730
-₴9758
-₴5241
-₴5154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
accident
-
-
-
108
income
-
-
-
893
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
3 863
Employee
14 752
-
6 645
-
health
1 689
-
761
-
income
2 024
-
912
-
pensions
1 661
-
748
-
total
5 374
-
2 421
-
Employer
14 752
-
6 645
-
accident
246
-
111
-
unemployment
361
-
163
-
pensions
2 399
-
1 081
-
total
3 006
-
1 355
-
Corporate
-
8 000
-
-
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.

-
7 200
-
-
total
-
7 200
-
-
Dividends
-
800
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
8 000
8 000
8 000
8 000
Total tax
8 380
7 352
3 776
3 863
After tax
-380
648
4 224
4 137
Living cost
9 378
9 378
9 378
9 378
Free-cash
-9 758
-8 730
-5 154
-5 241

Estimated living cost  is ₴9378 per week

₴6873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴3687
₴2954
₴4007
₴2487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
8 000
microenterprise

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

-
-
-
80
total
-
-
-
80
Employee
4 892
-
8 000
-
income
978
-
1 600
-
total
978
-
1 600
-
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%.

3 108
8 000
-
-
total
-
-
-
-
Dividends
3 108
8 000
-
-
withholding
155
400
-
-
total
155
400
-
-
Income
8 000
8 000
8 000
8 000
Total tax
1 133
400
1 600
80
After tax
6 867
7 600
6 400
7 920
Living cost
3 913
3 913
3 913
3 913
Free-cash
2 954
3 687
2 487
4 007

Estimated living cost  is ₴3913 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
-₴5562
-₴11518
-₴7108
-₴6751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 016
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.

-
-
-
1 920
other
-
-
-
380
health
-
-
-
352
total
-
-
-
3 668
Employee
15 589
-
6 389
-
health
218
-
90
-
income
2 684
-
1 100
-
pensions

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

1 091
-
447
-
unemployment
156
-
64
-
total
4 149
-
1 701
-
Employer
15 589
-
6 389
-
accident
125
-
51
-
other
780
-
319
-
unemployment
156
-
64
-
pensions

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

2 650
-
1 086
-
health
218
-
90
-
total
3 929
-
1 610
-
Corporate
-
8 000
-
-
income
-
1 680
-
-
total
-
1 680
-
-
Dividends
-
6 320
-
-
withholding
-
442
-
-
total
-
442
-
-
Income
8 000
8 000
8 000
8 000
Total tax
8 078
2 122
3 311
3 668
After tax
-78
5 878
4 689
4 332
Living cost
11 440
11 440
11 440
11 440
Free-cash
-11 518
-5 562
-6 751
-7 108

Estimated living cost  is ₴11440 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴22913
-₴38506
-₴22620
-₴22812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 572
pensions
-
-
-
141
total
-
-
-
1 713
Employee
40 899
-
7 619
-
health
674
-
-
-
income
7 373
-
1 524
-
pensions
3 946
-
-
-
total
11 993
-
1 524
-
Employer
40 899
-
7 619
-
pensions
4 829
-
236
-
health
777
-
145
-
total
5 606
-
381
-
Corporate
-
8 000
-
-
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.

-
1 520
-
-
total
-
1 520
-
-
Dividends
-
6 480
-
-
withholding
-
486
-
-
total
-
486
-
-
Income
8 000
8 000
8 000
8 000
Total tax
17 599
2 006
1 905
1 713
After tax
-9 599
5 994
6 095
6 287
Living cost
28 907
28 907
28 907
28 907
Free-cash
-38 506
-22 913
-22 812
-22 620

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴1211
-₴917
-₴965
-₴580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 200
pensions

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

-
-
-
1 184
unemployment
-
-
-
32
health
-
-
-
920
total
-
-
-
3 336
Employee
7 454
-
6 688
-
health
343
-
308
-
accident

We are using the highest rate at 1.1%.

82
-
74
-
income
745
-
669
-
pensions

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

654
-
587
-
total
1 824
-
1 638
-
Employer
7 454
-
6 688
-
accident

We are using the highest rate at 1.1%.

82
-
74
-
unemployment
45
-
40
-
pensions

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

822
-
737
-
health
515
-
462
-
total
1 464
-
1 313
-
Corporate
-
8 000
-
-
income
-
800
-
-
total
-
800
-
-
Dividends
-
7 200
-
-
withholding
-
360
-
-
total
-
360
-
-
Income
8 000
8 000
8 000
8 000
Total tax
3 288
1 160
2 951
3 336
After tax
4 712
6 840
5 049
4 664
Living cost
5 630
5 630
5 630
5 630
Free-cash
-917
1 211
-580
-965

Estimated living cost  is ₴5630 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴38047
-₴38774
-₴19197
-₴40458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
720
pensions
-
-
-
1 440
health
-
-
-
1 229
total
-
-
-
3 389
Employee
39 805
36 664
36 664
-
health
4 966
4 787
5 628
-
income

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

6 001
6 001
6 001
-
pensions
5 030
5 030
6 600
-
total
15 997
15 818
18 229
-
Employer
39 805
36 664
36 664
-
unemployment
1 433
1 320
1 320
-
pensions
2 770
2 552
2 552
-
health
2 766
2 549
2 549
-
total
6 969
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
22 966
22 239
24 650
3 389
After tax
-14 966
-14 239
-16 650
4 611
Living cost
23 808
23 808
23 808
23 808
Free-cash
-38 774
-38 047
-40 458
-19 197

Estimated living cost  is ₴23808 per week

₴17562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4749
-₴12212
-₴6361
-₴6197
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
688
health
-
-
-
1 080
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 336
total
-
-
-
4 104
Employee
15 084
-
5 970
-
social contributions
980
-
388
-
health
2 036
-
806
-
solidarity contribution
-
-
-
-
income
1 810
-
716
-
total
4 826
-
1 910
-
Employer
15 084
-
5 970
-
social contributions
3 771
-
1 493
-
health
1 358
-
537
-
total
5 129
-
2 030
-
Corporate
-
8 000
-
-
income
-
1 520
-
-
total
-
1 520
-
-
Dividends
-
6 480
-
-
withholding
-
972
-
-
total
-
972
-
-
Income
8 000
8 000
8 000
8 000
Total tax
9 955
2 492
3 940
4 104
After tax
-1 955
5 508
4 060
3 896
Living cost
10 257
10 257
10 257
10 257
Free-cash
-12 212
-4 749
-6 197
-6 361

Estimated living cost  is ₴10257 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13849
-₴30158
-₴14614
-₴15390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
municipal
-
-
-
37
regional
-
-
-
58
national
-
-
-
1 075
social contributions
-
-
-
3 327
total
-
-
-
4 497
Employee
38 157
-
8 000
-
social contributions
12 867
-
4 362
-
regional
360
-
45
-
municipal
202
-
29
-
national
6 612
-
837
-
total
20 041
-
5 273
-
Employer
38 157
-
8 000
-
total
-
-
-
-
Corporate
-
8 000
-
-
nationa
-
1 920
-
-
municipal
-
312
-
-
total
-
2 232
-
-
Dividends
-
5 768
-
-
withholding
-
1 500
-
-
total
-
1 500
-
-
Income
8 000
8 000
8 000
8 000
Total tax
20 041
3 732
5 273
4 497
After tax
-12 041
4 268
2 727
3 503
Living cost
18 117
18 117
18 117
18 117
Free-cash
-30 158
-13 849
-15 390
-14 614

Estimated living cost  is ₴18117 per week

₴12629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4442
-₴9187
-₴4887
-₴5042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 147
pensions
-
-
-
1 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
568
surtax
-
-
-
-
total
-
-
-
3 413
Employee
14 198
-
6 609
-
other
-
-
-
-
health
363
-
168
-
surtax
46
-
-
-
income
2 380
-
1 108
-
pensions
947
-
441
-
unemployment
988
-
460
-
total
4 724
-
2 177
-
Employer
14 198
-
6 609
-
other
-
-
-
-
unemployment
450
-
209
-
pensions
1 893
-
881
-
health
646
-
301
-
total
2 989
-
1 391
-
Corporate
-
8 000
-
-
income
-
2 080
-
-
total
-
2 080
-
-
Dividends
-
5 920
-
-
withholding
-
888
-
-
total
-
888
-
-
Income
8 000
8 000
8 000
8 000
Total tax
7 713
2 968
3 568
3 413
After tax
287
5 032
4 432
4 587
Living cost
9 474
9 474
9 474
9 474
Free-cash
-9 187
-4 442
-5 042
-4 887

Estimated living cost  is ₴9474 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13755
-₴22898
-₴13462
-₴13654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 572
pensions
-
-
-
141
total
-
-
-
1 713
Employee
27 410
-
7 619
-
health
398
-
-
-
income
4 937
-
1 524
-
pensions
2 326
-
-
-
total
7 661
-
1 524
-
Employer
27 410
-
7 619
-
pensions
2 967
-
236
-
health
521
-
145
-
total
3 488
-
381
-
Corporate
-
8 000
-
-
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.

-
1 520
-
-
total
-
1 520
-
-
Dividends
-
6 480
-
-
withholding
-
486
-
-
total
-
486
-
-
Income
8 000
8 000
8 000
8 000
Total tax
11 149
2 006
1 905
1 713
After tax
-3 149
5 994
6 095
6 287
Living cost
19 749
19 749
19 749
19 749
Free-cash
-22 898
-13 755
-13 654
-13 462

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴29138
-₴34039
-₴25910
-₴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
-
-
-
8 000
city
-
-
-
83
pensions
-
-
-
736
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.

-
-
-
160
regional
-
-
-
27
health
-
-
-
107
national
-
-
-
-
total
-
-
-
1 113
Employee
38 381
-
6 719
-
city
412
-
67
-
regional
1 257
-
-
-
health
87
-
15
-
pensions
3 225
-
1 057
-
unemployment
-
-
-
-
national
182
-
-
-
total
5 163
-
1 139
-
Employer
38 381
-
6 719
-
other

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

767
-
135
-
unemployment
-
-
-
-
pensions
3 225
-
1 057
-
health
87
-
15
-
total
4 079
-
1 207
-
Corporate
-
8 000
-
-
regional
-
1 692
-
-
national
-
680
-
-
total
-
2 372
-
-
Dividends
-
5 628
-
-
withholding
-
1 969
-
-
total
-
1 969
-
-
Income
8 000
8 000
8 000
8 000
Total tax
9 242
4 341
2 346
1 113
After tax
-1 242
3 659
5 654
6 887
Living cost
32 797
32 797
32 797
32 797
Free-cash
-34 039
-29 138
-27 143
-25 910

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-₴15605
-₴17802
-₴14601
-₴14601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
trade
-
-
-
-
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.

-
-
-
-
health

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

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

-
-
-
2 933
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.

-
-
-
-
total
-
-
-
2 933
Employee

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

25 803
-
8 000
-
health

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

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

2 933
-
2 933
-
surtax

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

167
-
-
-
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.

3 034
-
-
-
total
6 134
-
2 933
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 000
-
-
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.

-
66
-
-
income
-
1 200
-
-
trade
-
1 372
-
-
chamber of commerce
-
77
-
-
total
-
2 715
-
-
Dividends
-
5 285
-
-
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.

-
64
-
-
withholding
-
1 158
-
-
total
-
1 222
-
-
Income
8 000
8 000
8 000
8 000
Total tax
6 134
3 937
2 933
2 933
After tax
1 866
4 063
5 067
5 067
Living cost
19 668
19 668
19 668
19 668
Free-cash
-17 802
-15 605
-14 601
-14 601

Estimated living cost  is ₴19668 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10656
-₴16113
-₴10038
-₴9455
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
-
pensions
-
-
-
2 758
other
-
-
-
248
health
-
-
-
115
surtax
-
-
-
-
social contributions
-
-
-
228
total
-
-
-
3 349
Employee
18 375
-
6 097
-
social contributions
524
-
174
-
surtax
-
-
-
-
income
1 084
-
-
-
pensions
2 078
-
689
-
total
3 686
-
863
-
Employer
18 375
-
6 097
-
other
634
-
210
-
social contributions
55
-
18
-
unemployment
744
-
247
-
pensions
3 019
-
1 001
-
health
1 286
-
427
-
total
5 738
-
1 903
-
Corporate
-
8 000
-
-
surtax
-
-
-
-
income
-
2 240
-
-
total
-
2 240
-
-
Dividends
-
5 760
-
-
surtax
-
-
-
-
social contributions
-
990
-
-
withholding
-
737
-
-
total
-
1 727
-
-
Income
8 000
8 000
8 000
8 000
Total tax
9 424
3 967
2 766
3 349
After tax
-1 424
4 033
5 234
4 651
Living cost
14 689
14 689
14 689
14 689
Free-cash
-16 113
-10 656
-9 455
-10 038

Estimated living cost  is ₴14689 per week

₴9262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9201
-₴13525
-₴8583
-₴8000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
-
pensions
-
-
-
2 758
other
-
-
-
248
health
-
-
-
115
surtax
-
-
-
-
social contributions
-
-
-
228
total
-
-
-
3 349
Employee
16 402
-
6 097
-
social contributions
468
-
174
-
surtax
-
-
-
-
income
846
-
-
-
pensions
1 855
-
689
-
total
3 169
-
863
-
Employer
16 402
-
6 097
-
other
566
-
210
-
social contributions
49
-
18
-
unemployment
664
-
247
-
pensions
2 695
-
1 001
-
health
1 148
-
427
-
total
5 122
-
1 903
-
Corporate
-
8 000
-
-
surtax
-
-
-
-
income
-
2 240
-
-
total
-
2 240
-
-
Dividends
-
5 760
-
-
surtax
-
-
-
-
social contributions
-
990
-
-
withholding
-
737
-
-
total
-
1 727
-
-
Income
8 000
8 000
8 000
8 000
Total tax
8 291
3 967
2 766
3 349
After tax
-291
4 033
5 234
4 651
Living cost
13 234
13 234
13 234
13 234
Free-cash
-13 525
-9 201
-8 000
-8 583

Estimated living cost  is ₴13234 per week

₴7675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4223
-₴7685
-₴3966
-₴4699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 200
health
-
-
-
558
social contributions
-
-
-
1 104
total
-
-
-
2 862
Employee
14 557
-
8 000
-
social contributions
2 009
-
1 104
-
health
1 016
-
558
-
income
2 428
-
1 933
-
total
5 453
-
3 595
-
Employer
14 557
-
8 000
-
total
-
-
-
-
Corporate
-
8 000
-
-
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%.

-
400
-
-
total
-
400
-
-
Dividends
-
7 600
-
-
health
379
530
-
-
social contributions
749
1 049
-
-
withholding
-
1 140
-
-
total
1 128
2 719
-
-
Income
8 000
8 000
8 000
8 000
Total tax
6 581
3 119
3 595
2 862
After tax
1 419
4 881
4 405
5 138
Living cost
9 104
9 104
9 104
9 104
Free-cash
-7 685
-4 223
-4 699
-3 966

Estimated living cost  is ₴9104 per week

₴6093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-₴16903
-₴20124
-₴11970
-₴13534
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
chamber of commerce
-
-
-
32
income
-
-
-
-
pensions
-
-
-
1 480
unemployment
-
-
-
2 633
health
-
-
-
612
surtax
-
-
-
85
total
-
-
-
4 842
Employee
21 456
17 110
17 110
-
other
214
171
55
-
health
830
662
213
-
income
2 443
1 262
1 933
-
pensions
2 197
1 752
562
-
unemployment
644
513
165
-
total
6 328
4 360
2 928
-
Employer
21 456
17 110
17 110
-
accident
279
222
72
-
other
1 019
812
714
-
chamber of commerce
86
68
68
-
unemployment
644
513
165
-
surtax
85
85
85
-
pensions
2 693
2 148
688
-
payroll
644
513
513
-
health
811
647
208
-
total
6 261
5 008
2 513
-
Corporate
1 630
1 630
3 858
-
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.

407
407
965
-
total
407
407
965
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
12 996
9 775
6 406
4 842
After tax
-4 996
-1 775
1 594
3 158
Living cost
15 128
15 128
15 128
15 128
Free-cash
-20 124
-16 903
-13 534
-11 970

Estimated living cost  is ₴15128 per week

₴10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11040
-₴31650
-₴11695
-₴11936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
national
-
-
-
1 434
communal

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

-
-
-
344
social contributions
-
-
-
2 263
total
-
-
-
4 041
Employee

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

30 711
-
6 196
-
communal

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

1 602
-
323
-
health

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

1 443
-
291
-
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.

2 303
-
464
-
unemployment

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

267
-
54
-
national
9 442
-
1 347
-
total
15 057
-
2 479
-
Employer

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

30 711
-
6 196
-
accident

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

399
-
81
-
unemployment

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

448
-
90
-
surtax
3 482
-
702
-
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.

2 721
-
549
-
health

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

1 889
-
381
-
total
8 939
-
1 803
-
Corporate
-
8 000
-
-
surtax
-
32
-
-
income
-
1 600
-
-
total
-
1 632
-
-
Dividends
-
6 368
-
-
withholding

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

-
1 754
-
-
total
-
1 754
-
-
Income
8 000
8 000
8 000
8 000
Total tax
23 996
3 386
4 282
4 041
After tax
-15 996
4 614
3 718
3 959
Living cost
15 654
15 654
15 654
15 654
Free-cash
-31 650
-11 040
-11 936
-11 695

Estimated living cost  is ₴15654 per week

₴10083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10035
-₴20184
-₴11268
-₴13466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
accident
-
-
-
83
income
-
-
-
994
pensions
-
-
-
2 613
other
-
-
-
9
unemployment
-
-
-
64
total
-
-
-
3 763
Employee
21 371
-
3 429
-
other
21
-
15
-
income
4 509
-
478
-
pensions
1 005
-
674
-
unemployment
332
-
222
-
total
5 867
-
1 389
-
Employer
21 371
-
3 429
-
accident
423
-
284
-
other
170
-
115
-
unemployment
1 176
-
789
-
pensions
5 043
-
3 384
-
total
6 812
-
4 572
-
Corporate
-
8 000
-
-
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.

-
1 200
-
-
total
-
1 200
-
-
Dividends
-
6 800
-
-
withholding
-
1 330
-
-
total
-
1 330
-
-
Income
8 000
8 000
8 000
8 000
Total tax
12 679
2 530
5 961
3 763
After tax
-4 679
5 470
2 039
4 237
Living cost
15 505
15 505
15 505
15 505
Free-cash
-20 184
-10 035
-13 466
-11 268

Estimated living cost  is ₴15505 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴17858
-₴28398
-₴20528
-₴20527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
accident
-
-
-
184
income
-
-
-
-
pensions
-
-
-
3 269
health
-
-
-
1 532
surtax
-
-
-
211
communal
-
-
-
-
total
-
-
-
5 196
Employee
32 514
-
5 558
-
health
1 447
-
909
-
surtax
1 993
-
211
-
income
3 140
-
-
-
pensions
2 601
-
1 634
-
total
9 181
-
2 754
-
Employer
32 514
-
5 558
-
accident
292
-
184
-
pensions
2 601
-
1 634
-
health
992
-
623
-
total
3 885
-
2 441
-
Corporate
-
8 000
-
-
surtax
-
84
-
-
communal
-
-
-
-
income
-
1 200
-
-
total
-
1 284
-
-
Dividends
-
6 716
-
-
income
-
235
-
-
withholding
-
1 007
-
-
total
-
1 242
-
-
Income
8 000
8 000
8 000
8 000
Total tax
13 066
2 526
5 195
5 196
After tax
-5 066
5 474
2 805
2 804
Living cost
23 332
23 332
23 332
23 332
Free-cash
-28 398
-17 858
-20 527
-20 528

Estimated living cost  is ₴23332 per week

₴17503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4611
-₴9503
-₴5056
-₴5211
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 147
pensions
-
-
-
1 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
568
surtax
-
-
-
-
total
-
-
-
3 413
Employee
14 459
-
6 609
-
other
-
-
-
-
health
369
-
168
-
surtax
51
-
-
-
income
2 424
-
1 108
-
pensions
965
-
441
-
unemployment
1 006
-
460
-
total
4 815
-
2 177
-
Employer
14 459
-
6 609
-
other
-
-
-
-
unemployment
459
-
209
-
pensions
1 928
-
881
-
health
658
-
301
-
total
3 045
-
1 391
-
Corporate
-
8 000
-
-
income
-
2 080
-
-
total
-
2 080
-
-
Dividends
-
5 920
-
-
withholding
-
888
-
-
total
-
888
-
-
Income
8 000
8 000
8 000
8 000
Total tax
7 860
2 968
3 568
3 413
After tax
140
5 032
4 432
4 587
Living cost
9 643
9 643
9 643
9 643
Free-cash
-9 503
-4 611
-5 211
-5 056

Estimated living cost  is ₴9643 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
-₴7360
-₴15816
-₴8099
-₴8867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
municipal
-
-
-
37
regional
-
-
-
95
national
-
-
-
1 075
social contributions
-
-
-
3 327
total
-
-
-
4 534
Employee
23 816
-
8 000
-
social contributions
8 031
-
4 362
-
regional
321
-
74
-
municipal
126
-
29
-
national
3 773
-
837
-
total
12 251
-
5 302
-
Employer
23 816
-
8 000
-
total
-
-
-
-
Corporate
-
8 000
-
-
nationa
-
1 920
-
-
municipal
-
398
-
-
total
-
2 318
-
-
Dividends
-
5 682
-
-
withholding
-
1 477
-
-
total
-
1 477
-
-
Income
8 000
8 000
8 000
8 000
Total tax
12 251
3 795
5 302
4 534
After tax
-4 251
4 205
2 698
3 466
Living cost
11 565
11 565
11 565
11 565
Free-cash
-15 816
-7 360
-8 867
-8 099

Estimated living cost  is ₴11565 per week

₴7193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7132
-₴16907
-₴8744
-₴8580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
688
health
-
-
-
1 080
solidarity contribution
-
-
-
-
social contributions
-
-
-
2 336
total
-
-
-
4 104
Employee
18 588
-
5 970
-
social contributions
1 208
-
388
-
health
2 509
-
806
-
solidarity contribution
-
-
-
-
income
2 230
-
716
-
total
5 947
-
1 910
-
Employer
18 588
-
5 970
-
social contributions
4 647
-
1 493
-
health
1 673
-
537
-
total
6 320
-
2 030
-
Corporate
-
8 000
-
-
income
-
1 520
-
-
total
-
1 520
-
-
Dividends
-
6 480
-
-
withholding
-
972
-
-
total
-
972
-
-
Income
8 000
8 000
8 000
8 000
Total tax
12 267
2 492
3 940
4 104
After tax
-4 267
5 508
4 060
3 896
Living cost
12 640
12 640
12 640
12 640
Free-cash
-16 907
-7 132
-8 580
-8 744

Estimated living cost  is ₴12640 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15387
-₴16575
-₴10454
-₴12057
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
chamber of commerce
-
-
-
32
income
-
-
-
-
pensions
-
-
-
1 480
unemployment
-
-
-
2 633
health
-
-
-
612
surtax
-
-
-
-
total
-
-
-
4 757
Employee
18 768
17 110
17 110
-
other
187
171
55
-
health
726
662
215
-
income
1 672
1 262
1 929
-
pensions
1 922
1 752
569
-
unemployment
563
513
167
-
total
5 070
4 360
2 935
-
Employer
18 768
17 110
17 110
-
accident
244
222
73
-
other
891
812
715
-
chamber of commerce
75
68
68
-
unemployment
563
513
167
-
surtax
-
-
-
-
pensions
2 355
2 148
697
-
payroll
563
513
513
-
health
710
647
210
-
total
5 401
4 923
2 443
-
Corporate
1 630
1 630
3 927
-
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.

407
407
982
-
total
407
407
982
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
10 878
9 690
6 360
4 757
After tax
-2 878
-1 690
1 640
3 243
Living cost
13 697
13 697
13 697
13 697
Free-cash
-16 575
-15 387
-12 057
-10 454

Estimated living cost  is ₴13697 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1502
₴358
₴1822
₴302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
8 000
microenterprise

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

-
-
-
80
total
-
-
-
80
Employee
7 623
-
8 000
-
income
1 525
-
1 600
-
total
1 525
-
1 600
-
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%.

377
8 000
-
-
total
-
-
-
-
Dividends
377
8 000
-
-
withholding
19
400
-
-
total
19
400
-
-
Income
8 000
8 000
8 000
8 000
Total tax
1 544
400
1 600
80
After tax
6 456
7 600
6 400
7 920
Living cost
6 098
6 098
6 098
6 098
Free-cash
358
1 502
302
1 822

Estimated living cost  is ₴6098 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
-₴6008
-₴13941
-₴6694
-₴6985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
income
-
-
-
918
pensions
-
-
-
1 461
unemployment
-
-
-
12
health
-
-
-
787
total
-
-
-
3 178
Employee

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

18 986
-
6 923
-
health
1 226
-
446
-
income
3 274
-
863
-
pensions
2 943
-
1 073
-
unemployment
27
-
10
-
total
7 470
-
2 392
-
Employer

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

18 986
-
6 923
-
unemployment
11
-
4
-
pensions
1 680
-
613
-
health
1 264
-
460
-
total
2 955
-
1 077
-
Corporate
-
8 000
-
-
income
-
1 520
-
-
total
-
1 520
-
-
Dividends
-
6 480
-
-
withholding
-
972
-
-
total
-
972
-
-
Income
8 000
8 000
8 000
8 000
Total tax
10 425
2 492
3 469
3 178
After tax
-2 425
5 508
4 531
4 822
Living cost
11 516
11 516
11 516
11 516
Free-cash
-13 941
-6 008
-6 985
-6 694

Estimated living cost  is ₴11516 per week

₴7903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴13684
-₴56104
-₴13022
-₴16723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 559
social contributions
-
-
-
912
total
-
-
-
2 471
Employee
26 599
-
2 655
-
social contributions
2 181
-
311
-
income
5 867
-
516
-
total
8 048
-
827
-
Employer
26 599
-
2 655
-
social contributions
37 505
-
5 345
-
total
37 505
-
5 345
-
Corporate
-
8 000
-
-
income
-
1 760
-
-
total
-
1 760
-
-
Dividends
-
6 240
-
-
income
-
1 373
-
-
total
-
1 373
-
-
Income
8 000
8 000
8 000
8 000
Total tax
45 553
3 133
6 172
2 471
After tax
-37 553
4 867
1 828
5 529
Living cost
18 551
18 551
18 551
18 551
Free-cash
-56 104
-13 684
-16 723
-13 022

Estimated living cost  is ₴18551 per week

₴12036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
-₴8917
-₴16436
-₴8714
-₴8547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
income
-
-
-
467
surtax
-
-
-
-
social contributions

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

-
-
-
2 780
total
-
-
-
3 247
Employee
19 746
-
6 464
-
social contributions
2 172
-
711
-
surtax
-
-
-
-
income
4 107
-
834
-
total
6 279
-
1 545
-
Employer
19 746
-
6 464
-
social contributions
4 690
-
1 535
-
total
4 690
-
1 535
-
Corporate
-
8 000
-
-
surtax
-
-
-
-
income
-
1 680
-
-
total
-
1 680
-
-
Dividends
-
6 320
-
-
withholding
-
1 770
-
-
total
-
1 770
-
-
Income
8 000
8 000
8 000
8 000
Total tax
10 969
3 450
3 080
3 247
After tax
-2 969
4 550
4 920
4 753
Living cost
13 467
13 467
13 467
13 467
Free-cash
-16 436
-8 917
-8 547
-8 714

Estimated living cost  is ₴13467 per week

₴10076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴16704
-₴27288
-₴16086
-₴15503
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
-
pensions
-
-
-
2 758
other
-
-
-
248
health
-
-
-
115
surtax
-
-
-
-
social contributions
-
-
-
228
total
-
-
-
3 349
Employee
26 890
-
6 097
-
social contributions
766
-
174
-
surtax
-
-
-
-
income
2 346
-
-
-
pensions
3 041
-
689
-
total
6 153
-
863
-
Employer
26 890
-
6 097
-
other
928
-
210
-
social contributions
81
-
18
-
unemployment
1 089
-
247
-
pensions
4 418
-
1 001
-
health
1 882
-
427
-
total
8 398
-
1 903
-
Corporate
-
8 000
-
-
surtax
-
-
-
-
income
-
2 240
-
-
total
-
2 240
-
-
Dividends
-
5 760
-
-
surtax
-
-
-
-
social contributions
-
990
-
-
withholding
-
737
-
-
total
-
1 727
-
-
Income
8 000
8 000
8 000
8 000
Total tax
14 551
3 967
2 766
3 349
After tax
-6 551
4 033
5 234
4 651
Living cost
20 737
20 737
20 737
20 737
Free-cash
-27 288
-16 704
-15 503
-16 086

Estimated living cost  is ₴20737 per week

₴14034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1696
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.
₴4721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5706
-₴7943
-₴6666
-₴6431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
-
social contributions
-
-
-
1 760
total
-
-
-
1 760
Employee
13 803
-
6 926
-
income
-
-
-
-
social contributions
897
-
451
-
total
897
-
451
-
Employer
13 803
-
6 926
-
social contributions
2 140
-
1 074
-
total
2 140
-
1 074
-
Corporate
-
8 000
-
-
income
-
800
-
-
total
-
800
-
-
Dividends
-
7 200
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
3 037
800
1 525
1 760
After tax
4 963
7 200
6 475
6 240
Living cost
12 906
12 906
12 906
12 906
Free-cash
-7 943
-5 706
-6 431
-6 666

Estimated living cost  is ₴12906 per week

₴8345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴85533
-₴85533
-₴14410
-₴85533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
municipal
-
-
-
437
pensions
-
-
-
372
national
-
-
-
316
labour market
-
-
-
610
total
-
-
-
1 735
Employee
87 264
87 264
87 264
-
labour market
6 971
6 971
6 971
-
national
10 661
10 661
10 661
-
municipal
18 582
18 582
18 582
-
pensions
124
124
124
-
total
36 338
36 338
36 338
-
Employer
87 264
87 264
87 264
-
labour market
6 981
6 981
6 981
-
municipal
18 612
18 612
18 612
-
pensions
248
248
248
-
national
10 679
10 679
10 679
-
total
36 520
36 520
36 520
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
72 858
72 858
72 858
1 735
After tax
-64 858
-64 858
-64 858
6 265
Living cost
20 675
20 675
20 675
20 675
Free-cash
-85 533
-85 533
-85 533
-14 410

Estimated living cost  is ₴20675 per week

₴14150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8591
-₴9496
-₴5102
-₴5015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
accident
-
-
-
108
income
-
-
-
893
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
3 863
Employee
14 534
-
6 645
-
health
1 664
-
761
-
income
1 994
-
912
-
pensions
1 637
-
748
-
total
5 295
-
2 421
-
Employer
14 534
-
6 645
-
accident
243
-
111
-
unemployment
356
-
163
-
pensions
2 363
-
1 081
-
total
2 962
-
1 355
-
Corporate
-
8 000
-
-
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.

-
7 200
-
-
total
-
7 200
-
-
Dividends
-
800
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
8 000
8 000
8 000
8 000
Total tax
8 257
7 352
3 776
3 863
After tax
-257
648
4 224
4 137
Living cost
9 239
9 239
9 239
9 239
Free-cash
-9 496
-8 591
-5 015
-5 102

Estimated living cost  is ₴9239 per week

₴6725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
-₴10948
-₴18852
-₴9924
-₴11422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
8 000
municipal
-
-
-
1 440
health
-
-
-
-
national
-
-
-
-
total
-
-
-
1 440
Employee
22 588
-
6 730
-
health
169
-
-
-
municipal
3 700
-
1 111
-
pensions
1 524
-
455
-
unemployment
339
-
101
-
national
373
-
-
-
total
6 105
-
1 667
-
Employer
22 588
-
6 730
-
accident
23
-
7
-
unemployment
147
-
44
-
pensions
3 919
-
1 168
-
health
174
-
52
-
total
4 263
-
1 271
-
Corporate
-
8 000
-
-
income
-
1 600
-
-
total
-
1 600
-
-
Dividends

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

-
4 800
-
-
national
-
-
-
-
municipal
-
864
-
-
total
-
864
-
-
Income
8 000
8 000
8 000
8 000
Total tax
10 368
2 464
2 938
1 440
After tax
-2 368
5 536
5 062
6 560
Living cost
16 484
16 484
16 484
16 484
Free-cash
-18 852
-10 948
-11 422
-9 924

Estimated living cost  is ₴16484 per week

₴10767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11648
-₴8565
-₴4902
-₴7895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
16 322
income
-
-
-
-
health
-
-
-
416
social contributions
-
-
-
2 546
total
-
-
-
2 962
Employee
33 014
33 014
33 014
-
social contributions
1 248
2 740
924
-
health
256
561
189
-
income
3 595
3 056
3 712
-
total
5 099
6 357
4 825
-
Employer
33 014
33 014
33 014
-
social contributions
1 248
2 740
924
-
health
278
611
206
-
total
1 526
3 351
1 130
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
8 000
8 000
8 000
8 000
Total tax
6 625
9 708
5 955
2 962
After tax
1 375
-1 708
2 045
5 038
Living cost
9 940
9 940
9 940
9 940
Free-cash
-8 565
-11 648
-7 895
-4 902

Estimated living cost  is ₴9940 per week

₴5957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴192
-₴2871
-₴3447
-₴1871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 000
income
-
-
-
333
pensions
-
-
-
2 731
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
4 630
Employee

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

9 855
-
7 229
-
health
838
-
636
-
income
674
-
489
-
pensions
1 478
-
1 122
-
unemployment
49
-
37
-
total
3 039
-
2 284
-
Employer

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

9 855
-
7 229
-
unemployment
49
-
37
-
pensions
542
-
411
-
health
424
-
322
-
total
1 015
-
770
-
Corporate
-
8 000
-
-
income
-
720
-
-
total
-
720
-
-
Dividends
-
7 280
-
-
withholding
-
655
-
-
total
-
655
-
-
Income
8 000
8 000
8 000
8 000
Total tax
4 054
1 375
3 054
4 630
After tax
3 946
6 625
4 946
3 370
Living cost
6 817
6 817
6 817
6 817
Free-cash
-2 871
-192
-1 871
-3 447

Estimated living cost  is ₴6817 per week

₴4349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
-₴6336
-₴12934
-₴7569
-₴9767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
accident
-
-
-
83
income
-
-
-
994
pensions
-
-
-
2 613
other
-
-
-
9
unemployment
-
-
-
64
total
-
-
-
3 763
Employee
15 875
-
3 429
-
other
15
-
15
-
income
3 061
-
478
-
pensions
746
-
674
-
unemployment
246
-
222
-
total
4 068
-
1 389
-
Employer
15 875
-
3 429
-
accident
314
-
284
-
other
127
-
115
-
unemployment
873
-
789
-
pensions
3 746
-
3 384
-
total
5 060
-
4 572
-
Corporate
-
8 000
-
-
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.

-
1 200
-
-
total
-
1 200
-
-
Dividends
-
6 800
-
-
withholding
-
1 330
-
-
total
-
1 330
-
-
Income
8 000
8 000
8 000
8 000
Total tax
9 128
2 530
5 961
3 763
After tax
-1 128
5 470
2 039
4 237
Living cost
11 806
11 806
11 806
11 806
Free-cash
-12 934
-6 336
-9 767
-7 569

Estimated living cost  is ₴11806 per week

₴7969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴3817
₴3623
₴3335
₴3251
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
2 011
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
3 490
Employee
1 790
-
7 036
-
health
90
-
214
-
income
346
-
1 966
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
2 609
-
Employer
1 790
-
7 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
5 807
8 000
-
-
income
1 278
1 760
-
-
total
1 278
1 760
-
-
Dividends
4 530
6 240
-
-
withholding
906
1 248
-
-
total
906
1 248
-
-
Income
8 000
8 000
8 000
8 000
Total tax
3 202
3 008
3 574
3 490
After tax
4 798
4 992
4 426
4 510
Living cost
1 175
1 175
1 175
1 175
Free-cash
3 623
3 817
3 251
3 335

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
-₴1640
-₴5191
-₴2990
-₴2645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
income
-
-
-
546
pensions
-
-
-
2 080
unemployment
-
-
-
120
health
-
-
-
824
total
-
-
-
3 570
Employee

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

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

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

11 188
-
6 785
-
health
576
-
349
-
income
1 542
-
661
-
pensions
1 566
-
950
-
unemployment
84
-
51
-
total
3 768
-
2 011
-
Employer

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

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

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

11 188
-
6 785
-
unemployment
84
-
51
-
pensions
1 343
-
814
-
health
576
-
349
-
total
2 003
-
1 214
-
Corporate
-
8 000
-
-
income
-
1 200
-
-
total
-
1 200
-
-
Dividends
-
6 800
-
-
withholding
-
1 020
-
-
total
-
1 020
-
-
Income
8 000
8 000
8 000
8 000
Total tax
5 771
2 220
3 225
3 570
After tax
2 229
5 780
4 775
4 430
Living cost
7 420
7 420
7 420
7 420
Free-cash
-5 191
-1 640
-2 645
-2 990

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
-₴7025
-₴12621
-₴6822
-₴6655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
income
-
-
-
467
surtax
-
-
-
-
social contributions

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

-
-
-
2 780
total
-
-
-
3 247
Employee
16 664
-
6 464
-
social contributions
1 833
-
711
-
surtax
-
-
-
-
income
3 256
-
834
-
total
5 089
-
1 545
-
Employer
16 664
-
6 464
-
social contributions
3 957
-
1 535
-
total
3 957
-
1 535
-
Corporate
-
8 000
-
-
surtax
-
-
-
-
income
-
1 680
-
-
total
-
1 680
-
-
Dividends
-
6 320
-
-
withholding
-
1 770
-
-
total
-
1 770
-
-
Income
8 000
8 000
8 000
8 000
Total tax
9 046
3 450
3 080
3 247
After tax
-1 046
4 550
4 920
4 753
Living cost
11 575
11 575
11 575
11 575
Free-cash
-12 621
-7 025
-6 655
-6 822

Estimated living cost  is ₴11575 per week

₴8198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
-₴9619
-₴19346
-₴10852
-₴13050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
accident
-
-
-
83
income
-
-
-
994
pensions
-
-
-
2 613
other
-
-
-
9
unemployment
-
-
-
64
total
-
-
-
3 763
Employee
20 735
-
3 429
-
other
20
-
15
-
income
4 331
-
478
-
pensions
974
-
674
-
unemployment
321
-
222
-
total
5 646
-
1 389
-
Employer
20 735
-
3 429
-
accident
411
-
284
-
other
166
-
115
-
unemployment
1 141
-
789
-
pensions
4 893
-
3 384
-
total
6 611
-
4 572
-
Corporate
-
8 000
-
-
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.

-
1 200
-
-
total
-
1 200
-
-
Dividends
-
6 800
-
-
withholding
-
1 330
-
-
total
-
1 330
-
-
Income
8 000
8 000
8 000
8 000
Total tax
12 257
2 530
5 961
3 763
After tax
-4 257
5 470
2 039
4 237
Living cost
15 089
15 089
15 089
15 089
Free-cash
-19 346
-9 619
-13 050
-10 852

Estimated living cost  is ₴15089 per week

₴10836
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
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.
₴2867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴546
-₴3699
-₴2722
-₴2337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 200
pensions

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

-
-
-
1 184
unemployment
-
-
-
32
health
-
-
-
920
total
-
-
-
3 336
Employee
9 780
-
6 688
-
health
450
-
308
-
accident

We are using the highest rate at 1.1%.

107
-
74
-
income
978
-
669
-
pensions

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

859
-
587
-
total
2 394
-
1 638
-
Employer
9 780
-
6 688
-
accident

We are using the highest rate at 1.1%.

107
-
74
-
unemployment
59
-
40
-
pensions

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

1 078
-
737
-
health
675
-
462
-
total
1 919
-
1 313
-
Corporate
-
8 000
-
-
income
-
800
-
-
total
-
800
-
-
Dividends
-
7 200
-
-
withholding
-
360
-
-
total
-
360
-
-
Income
8 000
8 000
8 000
8 000
Total tax
4 313
1 160
2 951
3 336
After tax
3 687
6 840
5 049
4 664
Living cost
7 386
7 386
7 386
7 386
Free-cash
-3 699
-546
-2 337
-2 722

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴12348
-₴13363
-₴11509
-₴11509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
trade
-
-
-
-
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.

-
-
-
-
health

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

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

-
-
-
2 933
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.

-
-
-
-
total
-
-
-
2 933
Employee

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

21 362
-
8 000
-
health

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

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

2 933
-
2 933
-
surtax

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

97
-
-
-
income

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

1 757
-
-
-
total
4 787
-
2 933
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 000
-
-
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.

-
66
-
-
income
-
1 200
-
-
trade
-
1 148
-
-
chamber of commerce
-
77
-
-
total
-
2 491
-
-
Dividends
-
5 509
-
-
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.

-
67
-
-
withholding
-
1 214
-
-
total
-
1 281
-
-
Income
8 000
8 000
8 000
8 000
Total tax
4 787
3 772
2 933
2 933
After tax
3 213
4 228
5 067
5 067
Living cost
16 576
16 576
16 576
16 576
Free-cash
-13 363
-12 348
-11 509
-11 509

Estimated living cost  is ₴16576 per week

₴11434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1783
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.
₴3117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18857
-₴25584
-₴16870
-₴16870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
256
social contributions
-
-
-
157
total
-
-
-
413
Employee
33 584
-
8 000
-
income
6 337
-
256
-
social contributions
2 790
-
157
-
total
9 127
-
413
-
Employer
33 584
-
8 000
-
total
-
-
-
-
Corporate
-
8 000
-
-
income
-
1 000
-
-
total
-
1 000
-
-
Dividends
-
7 000
-
-
withholding
-
1 400
-
-
total
-
1 400
-
-
Income
8 000
8 000
8 000
8 000
Total tax
9 127
2 400
413
413
After tax
-1 127
5 600
7 587
7 587
Living cost
24 457
24 457
24 457
24 457
Free-cash
-25 584
-18 857
-16 870
-16 870

Estimated living cost  is ₴24457 per week

₴18607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11667
-₴14950
-₴22685
-₴9077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
income
-
-
-
12 221
health

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

-
-
-
2 879
total
-
-
-
15 100
Employee
19 696
-
7 254
-
income
2 137
-
-
-
social contributions
1 973
-
746
-
total
4 110
-
746
-
Employer
19 696
-
7 254
-
social contributions
1 973
-
746
-
total
1 973
-
746
-
Corporate
-
8 000
-
-
income
-
2 800
-
-
total
-
2 800
-
-
Dividends
-
5 200
-
-
social contributions
1 282
1 282
-
-
total
1 282
1 282
-
-
Income
8 000
8 000
8 000
8 000
Total tax
7 365
4 082
1 492
15 100
After tax
635
3 918
6 508
-7 100
Living cost
15 585
15 585
15 585
15 585
Free-cash
-14 950
-11 667
-9 077
-22 685

Estimated living cost  is ₴15585 per week

₴10266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10061
-₴16683
-₴9768
-₴9960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
income
-
-
-
1 572
pensions
-
-
-
141
total
-
-
-
1 713
Employee
22 038
-
7 619
-
health
287
-
-
-
income
4 013
-
1 524
-
pensions
1 682
-
-
-
total
5 982
-
1 524
-
Employer
22 038
-
7 619
-
pensions
2 227
-
236
-
health
419
-
145
-
total
2 646
-
381
-
Corporate
-
8 000
-
-
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.

-
1 520
-
-
total
-
1 520
-
-
Dividends
-
6 480
-
-
withholding
-
486
-
-
total
-
486
-
-
Income
8 000
8 000
8 000
8 000
Total tax
8 628
2 006
1 905
1 713
After tax
-628
5 994
6 095
6 287
Living cost
16 055
16 055
16 055
16 055
Free-cash
-16 683
-10 061
-9 960
-9 768

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴9506
-₴11228
-₴6017
-₴5930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
accident
-
-
-
108
income
-
-
-
893
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
3 863
Employee
15 973
-
6 645
-
health
1 829
-
761
-
income
2 191
-
912
-
pensions
1 799
-
748
-
total
5 819
-
2 421
-
Employer
15 973
-
6 645
-
accident
267
-
111
-
unemployment
391
-
163
-
pensions
2 597
-
1 081
-
total
3 255
-
1 355
-
Corporate
-
8 000
-
-
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.

-
7 200
-
-
total
-
7 200
-
-
Dividends
-
800
-
-
withholding
-
152
-
-
total
-
152
-
-
Income
8 000
8 000
8 000
8 000
Total tax
9 074
7 352
3 776
3 863
After tax
-1 074
648
4 224
4 137
Living cost
10 154
10 154
10 154
10 154
Free-cash
-11 228
-9 506
-5 930
-6 017

Estimated living cost  is ₴10154 per week

₴7452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴1013
-₴1259
-₴787
-₴787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
8 000
work injury
-
-
-
40
health insurance
-
-
-
592
income
-
-
-
800
pensions
-
-
-
1 472
unemployment
-
-
-
96
total
-
-
-
3 000
Employee

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

9 259
-
8 000
-
work injury
46
-
40
-
income
926
-
800
-
pensions
1 704
-
1 472
-
health insurance
685
-
592
-
unemployment
111
-
96
-
total
3 472
-
3 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
8 000
-
-
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%.

-
-
-
-
total
-
-
-
-
Dividends
-
8 000
-
-
withholding
-
1 200
-
-
total
-
1 200
-
-
Income
8 000
8 000
8 000
8 000
Total tax
3 472
1 200
3 000
3 000
After tax
4 528
6 800
5 000
5 000
Living cost
5 787
5 787
5 787
5 787
Free-cash
-1 259
1 013
-787
-787

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
-₴12889
-₴28179
-₴13629
-₴14399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
8 000
municipal
-
-
-
42
regional
-
-
-
81
national
-
-
-
1 075
social contributions
-
-
-
3 327
total
-
-
-
4 525
Employee
36 179
-
8 000
-
social contributions
12 199
-
4 362
-
regional
546
-
63
-
municipal
216
-
33
-
national
6 114
-
837
-
total
19 075
-
5 295
-
Employer
36 179
-
8 000
-
total
-
-
-
-
Corporate
-
8 000
-
-
nationa
-
1 920
-
-
municipal
-
385
-
-
total
-
2 305
-
-
Dividends
-
5 694
-
-
withholding
-
1 480
-
-
total
-
1 480
-
-
Income
8 000
8 000
8 000
8 000
Total tax
19 075
3 785
5 295
4 525
After tax
-11 075
4 215
2 705
3 475
Living cost
17 104
17 104
17 104
17 104
Free-cash
-28 179
-12 889
-14 399
-13 629

Estimated living cost  is ₴17104 per week

₴12014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
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