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
₴ 80500
per

Your estimated
City
free-cash

Dresden , Germany
₴27586
₴32336
₴28205
₴37739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
trade
-
-
-
9 534
income

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

-
-
-
25 422
health

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

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

-
-
-
2 934
surtax

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

-
-
-
1 398
total
-
-
-
39 288
Employee

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

16 425
-
80 500
-
health

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

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

2 934
-
2 934
-
surtax

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

25
-
1 398
-
income

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

459
-
25 422
-
total
3 418
-
29 754
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
64 075
80 500
-
-
surtax

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

529
664
-
-
income
9 611
12 075
-
-
trade
10 092
12 679
-
-
chamber of commerce
157
181
-
-
total
20 389
25 599
-
-
Dividends
43 685
54 901
-
-
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.

592
746
-
-
withholding
10 758
13 562
-
-
total
11 350
14 308
-
-
Income
80 500
80 500
80 500
80 500
Total tax
35 157
39 907
29 754
39 288
After tax
45 343
40 593
50 746
41 212
Living cost
13 007
13 007
13 007
13 007
Free-cash
32 336
27 586
37 739
28 205

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴28565
₴28204
₴25325
₴25758
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
municipal
-
-
-
8 856
pensions
-
-
-
9 660
national
-
-
-
14 127
social contributions
-
-
-
865
total
-
-
-
33 508
Employee
33 588
-
69 592
-
municipal
4 149
-
9 167
-
pensions
1 344
-
2 784
-
national
6 429
-
14 809
-
total
11 922
-
26 760
-
Employer
33 588
-
69 592
-
social contributions
361
-
748
-
pensions
2 687
-
5 567
-
total
3 048
-
6 315
-
Corporate
41 647
80 500
-
-
income

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

8 329
16 100
-
-
total
8 329
16 100
-
-
Dividends
33 318
64 400
-
-
withholding
7 330
14 168
-
-
total
7 330
14 168
-
-
Income
80 500
80 500
80 500
80 500
Total tax
30 629
30 268
33 075
33 508
After tax
49 871
50 232
47 425
46 992
Living cost
21 667
21 667
21 667
21 667
Free-cash
28 204
28 565
25 758
25 325

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴55466
₴51942
₴19263
₴25218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
microenterprise
-
-
-
-
income
-
-
-
15 322
surtax
-
-
-
20 527
social contributions

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

-
-
-
16 454
total
-
-
-
52 303
Employee
12 548
-
61 415
-
social contributions

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

1 381
-
5 630
-
surtax
-
-
8 905
-
income
2 234
-
12 728
-
total
3 615
-
27 263
-
Employer
12 548
-
61 415
-
social contributions

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

3 023
-
12 329
-
surtax
-
-
6 756
-
total
3 023
-
19 085
-
Corporate
64 929
80 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

12 986
16 100
-
-
total
12 986
16 100
-
-
Dividends

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

51 943
64 400
-
-
total
-
-
-
-
Income
80 500
80 500
80 500
80 500
Total tax
19 624
16 100
46 348
52 303
After tax
60 876
64 400
34 152
28 197
Living cost
8 934
8 934
8 934
8 934
Free-cash
51 942
55 466
25 218
19 263

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴21938
₴19306
₴26115
₴32832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
26 069
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
36 395
Employee
36 672
36 672
72 519
-
health
5 629
4 788
5 295
-
income

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

6 003
6 003
11 371
-
pensions
6 601
5 031
5 031
-
total
18 233
15 822
21 697
-
Employer
36 672
36 672
72 519
-
unemployment
1 320
1 320
1 640
-
pensions
2 552
2 552
3 173
-
health
2 549
2 549
3 168
-
total
6 421
6 421
7 981
-
Corporate
37 856
37 406
-
-
income
7 572
7 481
-
-
total
7 572
7 481
-
-
Dividends
30 285
29 925
-
-
income
6 436
6 359
-
-
withholding
4 542
4 489
-
-
total
10 978
10 848
-
-
Income
80 500
80 500
80 500
80 500
Total tax
43 204
40 572
29 678
36 395
After tax
37 296
39 928
50 822
44 105
Living cost
17 990
17 990
17 990
17 990
Free-cash
19 306
21 938
32 832
26 115

Estimated living cost  is ₴17990 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴27407
₴27035
₴24331
₴23930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
municipal
-
-
-
20 872
accident
-
-
-
72
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
8 246
total
-
-
-
39 623
Employee
23 577
-
69 106
-
municipal
7 031
-
20 607
-
national
-
-
8 024
-
total
7 031
-
28 631
-
Employer
23 577
-
69 106
-
accident
47
-
72
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 920
-
health
1 450
-
2 230
-
total
7 408
-
11 393
-
Corporate
49 515
80 500
-
-
income
10 893
17 710
-
-
total
10 893
17 710
-
-
Dividends
38 622
62 790
-
-
withholding
11 587
18 837
-
-
total
11 587
18 837
-
-
Income
80 500
80 500
80 500
80 500
Total tax
36 919
36 547
40 024
39 623
After tax
43 581
43 953
40 476
40 877
Living cost
16 546
16 546
16 546
16 546
Free-cash
27 035
27 407
23 930
24 331

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴23310
₴29344
₴23918
₴33876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
trade
-
-
-
9 958
income

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

-
-
-
25 422
health

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

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

-
-
-
2 934
surtax

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

-
-
-
1 398
total
-
-
-
39 712
Employee

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

21 778
-
80 500
-
health

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

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

2 934
-
2 934
-
surtax

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

103
-
1 398
-
income

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

1 871
-
25 422
-
total
4 908
-
29 754
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 722
80 500
-
-
surtax

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

484
664
-
-
income
8 809
12 075
-
-
trade
9 660
13 242
-
-
chamber of commerce
148
179
-
-
total
19 101
26 160
-
-
Dividends
39 621
54 340
-
-
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.

535
738
-
-
withholding
9 742
13 422
-
-
total
10 277
14 160
-
-
Income
80 500
80 500
80 500
80 500
Total tax
34 286
40 320
29 754
39 712
After tax
46 214
40 180
50 746
40 788
Living cost
16 870
16 870
16 870
16 870
Free-cash
29 344
23 310
33 876
23 918

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴44782
₴42999
₴40849
₴40154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
16 721
health
-
-
-
2 053
social contributions
-
-
-
6 948
total
-
-
-
25 722
Employee
33 022
33 022
75 408
-
social contributions
1 605
2 741
3 697
-
health
328
561
1 282
-
income
3 468
3 057
16 346
-
total
5 401
6 359
21 325
-
Employer
33 022
33 022
75 408
-
social contributions
1 605
2 741
3 697
-
health
358
611
1 395
-
total
1 963
3 352
5 092
-
Corporate
59 208
44 127
-
-
income
7 401
5 515
-
-
total
7 401
5 515
-
-
Dividends
51 807
38 611
-
-
withholding
8 807
6 563
-
-
total
8 807
6 563
-
-
Income
80 500
80 500
80 500
80 500
Total tax
23 572
21 789
26 417
25 722
After tax
56 928
58 711
54 083
54 778
Living cost
13 929
13 929
13 929
13 929
Free-cash
42 999
44 782
40 154
40 849

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴37432
₴37593
₴47987
₴38889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
9 841
pensions
-
-
-
8 050
unemployment
-
-
-
1 208
health
-
-
-
5 635
total
-
-
-
24 734
Employee

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
67 364
-
health
786
313
4 715
-
income
1 373
546
8 235
-
pensions
1 123
447
6 736
-
unemployment
168
67
1 010
-
total
3 450
1 373
20 696
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
67 364
-
pensions
2 190
871
13 136
-
total
2 190
871
13 136
-
Corporate
67 081
75 160
-
-
income
6 037
6 764
-
-
total
6 037
6 764
-
-
Dividends
61 044
68 395
-
-
social contributions
11 853
13 286
-
-
withholding
11 598
12 995
-
-
total
23 451
26 281
-
-
Income
80 500
80 500
80 500
80 500
Total tax
35 128
35 289
33 832
24 734
After tax
45 372
45 211
46 668
55 766
Living cost
7 779
7 779
7 779
7 779
Free-cash
37 593
37 432
38 889
47 987

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴54028
₴51359
₴32776
₴36026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
10 787
pensions
-
-
-
16 100
health
-
-
-
10 465
total
-
-
-
37 352
Employee
12 182
-
60 164
-
income
1 372
-
11 600
-
pensions
244
-
1 204
-
unemployment
195
-
962
-
total
1 811
-
13 766
-
Employer
12 182
-
60 164
-
unemployment
98
-
482
-
pensions
2 437
-
12 033
-
health
1 583
-
7 821
-
total
4 118
-
20 336
-
Corporate
64 200
80 500
-
-
income
12 840
16 100
-
-
total
12 840
16 100
-
-
Dividends
51 360
64 400
-
-
total
-
-
-
-
Income
80 500
80 500
80 500
80 500
Total tax
18 769
16 100
34 102
37 352
After tax
61 731
64 400
46 398
43 148
Living cost
10 372
10 372
10 372
10 372
Free-cash
51 359
54 028
36 026
32 776

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴2858
₴5084
₴45631
₴34536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
accident
-
-
-
108
income
-
-
-
22 520
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 490
Employee
14 754
-
72 804
-
health
1 689
-
8 336
-
income
2 024
-
17 299
-
pensions
1 661
-
3 253
-
total
5 374
-
28 888
-
Employer
14 754
-
72 804
-
accident
246
-
1 216
-
unemployment
361
-
1 784
-
pensions
2 399
-
4 697
-
total
3 006
-
7 697
-
Corporate
62 739
80 500
-
-
income

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

56 465
72 450
-
-
total
56 465
72 450
-
-
Dividends
6 274
8 050
-
-
withholding
1 192
1 529
-
-
total
1 192
1 529
-
-
Income
80 500
80 500
80 500
80 500
Total tax
66 037
73 979
36 585
25 490
After tax
14 463
6 521
43 915
55 010
Living cost
9 379
9 379
9 379
9 379
Free-cash
5 084
-2 858
34 536
45 631

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴72561
₴71828
₴75781
₴60486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
80 500
microenterprise

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

-
-
-
805
total
-
-
-
805
Employee
4 892
-
80 500
-
income
978
-
16 100
-
total
978
-
16 100
-
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%.

75 608
80 500
-
-
total
-
-
-
-
Dividends
75 608
80 500
-
-
withholding
3 780
4 025
-
-
total
3 780
4 025
-
-
Income
80 500
80 500
80 500
80 500
Total tax
4 758
4 025
16 100
805
After tax
75 742
76 475
64 400
79 695
Living cost
3 914
3 914
3 914
3 914
Free-cash
71 828
72 561
60 486
75 781

Estimated living cost  is ₴3914 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴47700
₴44801
₴34513
₴34062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
12 896
pensions

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

-
-
-
15 673
other
-
-
-
3 102
health
-
-
-
2 873
total
-
-
-
34 544
Employee
15 592
-
64 297
-
health
218
-
901
-
income
2 684
-
12 746
-
pensions

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

1 091
-
4 501
-
unemployment
156
-
643
-
total
4 149
-
18 791
-
Employer
15 592
-
64 297
-
accident
125
-
514
-
other
780
-
3 215
-
unemployment
156
-
643
-
pensions

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

2 651
-
10 931
-
health
218
-
901
-
total
3 930
-
16 204
-
Corporate
60 978
80 500
-
-
income
12 805
16 905
-
-
total
12 805
16 905
-
-
Dividends
48 173
63 595
-
-
withholding
3 372
4 452
-
-
total
3 372
4 452
-
-
Income
80 500
80 500
80 500
80 500
Total tax
24 256
21 357
34 995
34 544
After tax
56 244
59 143
45 505
45 956
Living cost
11 443
11 443
11 443
11 443
Free-cash
44 801
47 700
34 062
34 513

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴23316
₴25469
₴24147
₴16884
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
23 470
pensions
-
-
-
3 976
total
-
-
-
27 446
Employee
40 899
-
70 280
-
health
674
-
1 002
-
income
7 373
-
18 629
-
pensions
3 946
-
4 859
-
total
11 993
-
24 490
-
Employer
40 899
-
70 280
-
pensions
4 829
-
8 883
-
health
777
-
1 336
-
total
5 606
-
10 219
-
Corporate
33 995
80 500
-
-
income

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

6 459
15 295
-
-
total
6 459
15 295
-
-
Dividends
27 536
65 205
-
-
withholding
2 066
12 982
-
-
total
2 066
12 982
-
-
Income
80 500
80 500
80 500
80 500
Total tax
26 124
28 277
34 709
27 446
After tax
54 376
52 223
45 791
53 054
Living cost
28 907
28 907
28 907
28 907
Free-cash
25 469
23 316
16 884
24 147

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
₴63199
₴61204
₴58791
₴62000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
12 075
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
16 080
Employee
7 454
-
77 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
7 756
-
pensions

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

654
-
1 317
-
total
1 824
-
9 928
-
Employer
7 454
-
77 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
71 583
80 500
-
-
income
7 158
8 050
-
-
total
7 158
8 050
-
-
Dividends
64 425
72 450
-
-
withholding
3 221
3 622
-
-
total
3 221
3 622
-
-
Income
80 500
80 500
80 500
80 500
Total tax
13 667
11 672
12 871
16 080
After tax
66 833
68 828
67 629
64 420
Living cost
5 629
5 629
5 629
5 629
Free-cash
61 204
63 199
62 000
58 791

Estimated living cost  is ₴5629 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
₴16115
₴17195
₴20292
₴27009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
26 069
pensions
-
-
-
5 031
health
-
-
-
5 295
total
-
-
-
36 395
Employee
39 814
36 672
72 519
-
health
4 967
4 788
5 295
-
income

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

6 003
6 003
11 371
-
pensions
5 031
5 031
5 031
-
total
16 001
15 822
21 697
-
Employer
39 814
36 672
72 519
-
unemployment
1 433
1 320
1 640
-
pensions
2 771
2 552
3 173
-
health
2 767
2 549
3 168
-
total
6 971
6 421
7 981
-
Corporate
33 715
37 406
-
-
income
6 743
7 481
-
-
total
6 743
7 481
-
-
Dividends
26 972
29 925
-
-
income
5 731
6 359
-
-
withholding
4 046
4 489
-
-
total
9 777
10 848
-
-
Income
80 500
80 500
80 500
80 500
Total tax
39 492
40 572
29 678
36 395
After tax
41 008
39 928
50 822
44 105
Living cost
23 813
23 813
23 813
23 813
Free-cash
17 195
16 115
27 009
20 292

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴45160
₴41500
₴36071
₴32712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
8 229
health
-
-
-
10 867
solidarity contribution
-
-
-
300
social contributions
-
-
-
14 769
total
-
-
-
34 165
Employee
15 094
-
62 252
-
social contributions
981
-
3 288
-
health
2 038
-
8 404
-
solidarity contribution
-
-
-
-
income
1 811
-
7 584
-
total
4 830
-
19 276
-
Employer
15 094
-
62 252
-
social contributions
3 773
-
12 645
-
health
1 358
-
5 603
-
total
5 131
-
18 248
-
Corporate
60 274
80 500
-
-
income
11 452
15 295
-
-
total
11 452
15 295
-
-
Dividends
48 822
65 205
-
-
withholding
7 323
9 781
-
-
total
7 323
9 781
-
-
Income
80 500
80 500
80 500
80 500
Total tax
28 736
25 076
37 524
34 165
After tax
51 764
55 424
42 976
46 335
Living cost
10 264
10 264
10 264
10 264
Free-cash
41 500
45 160
32 712
36 071

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴24829
₴22587
₴20069
₴16431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
municipal
-
-
-
478
regional
-
-
-
955
national
-
-
-
20 173
social contributions
-
-
-
20 704
total
-
-
-
42 310
Employee
38 166
-
80 500
-
social contributions
12 869
-
27 145
-
regional
360
-
844
-
municipal
202
-
427
-
national
6 613
-
17 532
-
total
20 044
-
45 948
-
Employer
38 166
-
80 500
-
total
-
-
-
-
Corporate
42 334
80 500
-
-
nationa
10 161
19 320
-
-
municipal
1 651
3 139
-
-
total
11 812
22 459
-
-
Dividends
30 523
58 041
-
-
withholding
7 936
15 091
-
-
total
7 936
15 091
-
-
Income
80 500
80 500
80 500
80 500
Total tax
39 792
37 550
45 948
42 310
After tax
40 708
42 950
34 552
38 190
Living cost
18 121
18 121
18 121
18 121
Free-cash
22 587
24 829
16 431
20 069

Estimated living cost  is ₴18121 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₴41158
₴39822
₴28554
₴25928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
23 161
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
3 679
total
-
-
-
42 470
Employee
14 201
-
68 436
-
other
-
-
-
-
health
363
-
1 461
-
surtax
46
-
3 166
-
income
2 380
-
20 593
-
pensions
947
-
3 823
-
unemployment
989
-
3 989
-
total
4 725
-
33 032
-
Employer
14 201
-
68 436
-
other
-
-
-
-
unemployment
450
-
1 816
-
pensions
1 893
-
7 640
-
health
646
-
2 608
-
total
2 989
-
12 064
-
Corporate
63 310
80 500
-
-
income
16 461
20 930
-
-
total
16 461
20 930
-
-
Dividends
46 849
59 570
-
-
withholding
7 027
8 936
-
-
total
7 027
8 936
-
-
Income
80 500
80 500
80 500
80 500
Total tax
31 202
29 866
45 096
42 470
After tax
49 298
50 634
35 404
38 030
Living cost
9 476
9 476
9 476
9 476
Free-cash
39 822
41 158
25 928
28 554

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴32474
₴35329
₴33305
₴26042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
23 470
pensions
-
-
-
3 976
total
-
-
-
27 446
Employee
27 410
-
70 280
-
health
398
-
1 002
-
income
4 937
-
18 629
-
pensions
2 326
-
4 859
-
total
7 661
-
24 490
-
Employer
27 410
-
70 280
-
pensions
2 967
-
8 883
-
health
521
-
1 336
-
total
3 488
-
10 219
-
Corporate
49 603
80 500
-
-
income

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

9 425
15 295
-
-
total
9 425
15 295
-
-
Dividends
40 178
65 205
-
-
withholding
4 848
12 982
-
-
total
4 848
12 982
-
-
Income
80 500
80 500
80 500
80 500
Total tax
25 422
28 277
34 709
27 446
After tax
55 078
52 223
45 791
53 054
Living cost
19 749
19 749
19 749
19 749
Free-cash
35 329
32 474
26 042
33 305

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
₴4015
₴18046
₴31952
₴28366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
city
-
-
-
848
pensions
-
-
-
7 406
other

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

-
-
-
1 610
regional
-
-
-
4 139
health
-
-
-
181
national
-
-
-
1 567
total
-
-
-
15 751
Employee
38 381
-
72 077
-
city
412
-
775
-
regional
1 257
-
3 581
-
health
87
-
163
-
pensions
3 224
-
6 026
-
unemployment
-
-
-
-
national
182
-
1 162
-
total
5 162
-
11 707
-
Employer
38 381
-
72 077
-
other

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

767
-
1 441
-
unemployment
-
-
-
-
pensions
3 224
-
6 026
-
health
87
-
163
-
total
4 078
-
7 630
-
Corporate
37 619
80 500
-
-
regional
7 957
17 025
-
-
national
3 198
6 842
-
-
total
11 155
23 867
-
-
Dividends
26 465
56 632
-
-
withholding
9 262
19 821
-
-
total
9 262
19 821
-
-
Income
80 500
80 500
80 500
80 500
Total tax
29 657
43 688
19 337
15 751
After tax
50 843
36 812
61 163
64 749
Living cost
32 797
32 797
32 797
32 797
Free-cash
18 046
4 015
28 366
31 952

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
₴20093
₴27056
₴20692
₴31073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
trade
-
-
-
10 381
income

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

-
-
-
25 422
health

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

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

-
-
-
2 934
surtax

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

-
-
-
1 398
total
-
-
-
40 135
Employee

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

25 808
-
80 500
-
health

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

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

2 934
-
2 934
-
surtax

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

167
-
1 398
-
income

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

3 035
-
25 422
-
total
6 136
-
29 754
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 692
80 500
-
-
surtax

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

451
664
-
-
income
8 204
12 075
-
-
trade
9 380
13 806
-
-
chamber of commerce
142
178
-
-
total
18 177
26 723
-
-
Dividends
36 515
53 777
-
-
surtax

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

493
730
-
-
withholding
8 965
13 281
-
-
total
9 458
14 011
-
-
Income
80 500
80 500
80 500
80 500
Total tax
33 771
40 734
29 754
40 135
After tax
46 729
39 766
50 746
40 365
Living cost
19 673
19 673
19 673
19 673
Free-cash
27 056
20 093
31 073
20 692

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
₴25880
₴28417
₴30594
₴28994
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
12 979
pensions
-
-
-
13 891
other
-
-
-
2 495
health
-
-
-
3 556
surtax
-
-
-
-
social contributions
-
-
-
2 293
total
-
-
-
35 214
Employee
18 379
-
62 105
-
social contributions
524
-
1 769
-
surtax
-
-
-
-
income
1 085
-
12 253
-
pensions
2 078
-
4 399
-
total
3 687
-
18 421
-
Employer
18 379
-
62 105
-
other
634
-
2 457
-
social contributions
55
-
187
-
unemployment
744
-
2 515
-
pensions
3 019
-
7 392
-
health
1 287
-
5 842
-
total
5 739
-
18 393
-
Corporate
56 381
80 500
-
-
surtax
-
-
-
-
income
15 787
22 540
-
-
total
15 787
22 540
-
-
Dividends
40 594
57 960
-
-
surtax
-
-
-
-
social contributions
6 982
9 969
-
-
withholding
5 196
7 419
-
-
total
12 178
17 388
-
-
Income
80 500
80 500
80 500
80 500
Total tax
37 391
39 928
36 814
35 214
After tax
43 109
40 572
43 686
45 286
Living cost
14 692
14 692
14 692
14 692
Free-cash
28 417
25 880
28 994
30 594

Estimated living cost  is ₴14692 per week

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

Source of data for Nice model

Close
Marseille , France
₴27335
₴29721
₴32049
₴30449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
12 979
pensions
-
-
-
13 891
other
-
-
-
2 495
health
-
-
-
3 556
surtax
-
-
-
-
social contributions
-
-
-
2 293
total
-
-
-
35 214
Employee
16 406
-
62 105
-
social contributions
468
-
1 769
-
surtax
-
-
-
-
income
846
-
12 253
-
pensions
1 856
-
4 399
-
total
3 170
-
18 421
-
Employer
16 406
-
62 105
-
other
566
-
2 457
-
social contributions
49
-
187
-
unemployment
664
-
2 515
-
pensions
2 696
-
7 392
-
health
1 148
-
5 842
-
total
5 123
-
18 393
-
Corporate
58 970
80 500
-
-
surtax
-
-
-
-
income
16 511
22 540
-
-
total
16 511
22 540
-
-
Dividends
42 459
57 960
-
-
surtax
-
-
-
-
social contributions
7 303
9 969
-
-
withholding
5 435
7 419
-
-
total
12 738
17 388
-
-
Income
80 500
80 500
80 500
80 500
Total tax
37 542
39 928
36 814
35 214
After tax
42 958
40 572
43 686
45 286
Living cost
13 237
13 237
13 237
13 237
Free-cash
29 721
27 335
30 449
32 049

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴40007
₴40229
₴42591
₴40788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
12 075
health
-
-
-
5 619
social contributions
-
-
-
11 109
total
-
-
-
28 803
Employee
14 560
-
80 500
-
social contributions
2 010
-
11 109
-
health
1 016
-
5 619
-
income
2 429
-
13 878
-
total
5 455
-
30 606
-
Employer
14 560
-
80 500
-
total
-
-
-
-
Corporate
65 940
80 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

3 297
4 025
-
-
total
3 297
4 025
-
-
Dividends
62 642
76 475
-
-
health
4 372
5 338
-
-
social contributions
8 645
10 553
-
-
withholding
9 396
11 471
-
-
total
22 413
27 362
-
-
Income
80 500
80 500
80 500
80 500
Total tax
31 165
31 387
30 606
28 803
After tax
49 335
49 113
49 894
51 697
Living cost
9 106
9 106
9 106
9 106
Free-cash
40 229
40 007
40 788
42 591

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴29365
₴28697
₴26197
₴6143
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
chamber of commerce
-
-
-
322
income
-
-
-
23 011
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
39 171
Employee
21 461
17 114
64 901
-
other
214
171
502
-
health
830
663
1 941
-
income
2 443
1 262
18 724
-
pensions
2 198
1 752
5 137
-
unemployment
644
513
1 505
-
total
6 329
4 361
27 809
-
Employer
21 461
17 114
64 901
-
accident
279
222
652
-
other
1 019
812
2 957
-
chamber of commerce
86
68
260
-
unemployment
644
513
1 505
-
surtax
85
85
85
-
pensions
2 693
2 148
6 296
-
payroll
644
513
1 947
-
health
811
647
1 896
-
total
6 261
5 008
15 598
-
Corporate
52 778
58 376
63 271
-
income

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

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

13 195
14 594
15 818
-
total
13 195
14 594
15 818
-
Dividends
39 584
43 782
-
-
withholding
10 886
12 040
-
-
total
10 886
12 040
-
-
Income
80 500
80 500
80 500
80 500
Total tax
36 671
36 003
59 225
39 171
After tax
43 829
44 497
21 275
41 329
Living cost
15 132
15 132
15 132
15 132
Free-cash
28 697
29 365
6 143
26 197

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴29353
₴22913
₴19273
₴12413
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
national
-
-
-
30 674
communal

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

-
-
-
4 188
social contributions
-
-
-
10 707
total
-
-
-
45 569
Employee

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

30 718
-
62 350
-
communal

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

1 602
-
3 252
-
health

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

1 443
-
2 931
-
pensions

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

2 304
-
4 676
-
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
-
543
-
national
9 444
-
22 878
-
total
15 060
-
34 280
-
Employer

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

30 718
-
62 350
-
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
-
811
-
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
-
910
-
surtax
3 483
-
7 070
-
pensions

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

2 722
-
5 524
-
health

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

1 889
-
3 834
-
total
8 941
-
18 149
-
Corporate
40 841
80 500
-
-
surtax
163
322
-
-
income
8 168
16 100
-
-
total
8 331
16 422
-
-
Dividends
32 510
64 078
-
-
withholding

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

9 597
19 067
-
-
total
9 597
19 067
-
-
Income
80 500
80 500
80 500
80 500
Total tax
41 929
35 489
52 429
45 569
After tax
38 571
45 011
28 071
34 931
Living cost
15 658
15 658
15 658
15 658
Free-cash
22 913
29 353
12 413
19 273

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴38091
₴35150
₴29612
₴27810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
accident
-
-
-
359
income
-
-
-
23 437
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
35 379
Employee
21 376
-
67 811
-
other
21
-
40
-
income
4 510
-
21 963
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 868
-
24 491
-
Employer
21 376
-
67 811
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 044
-
9 394
-
total
6 813
-
12 690
-
Corporate
52 310
80 500
-
-
income

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

7 846
12 075
-
-
total
7 846
12 075
-
-
Dividends
44 464
68 425
-
-
withholding
9 314
14 825
-
-
total
9 314
14 825
-
-
Income
80 500
80 500
80 500
80 500
Total tax
29 841
26 900
37 181
35 379
After tax
50 659
53 600
43 319
45 121
Living cost
15 509
15 509
15 509
15 509
Free-cash
35 150
38 091
27 810
29 612

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴23410
₴17758
₴15918
₴19128
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
accident
-
-
-
679
income
-
-
-
13 765
pensions
-
-
-
12 066
health
-
-
-
5 656
surtax
-
-
-
3 991
communal
-
-
-
5 088
total
-
-
-
41 245
Employee
32 521
-
71 907
-
health
1 447
-
3 200
-
surtax
1 993
-
4 406
-
income
3 141
-
16 082
-
pensions
2 601
-
5 753
-
total
9 182
-
29 441
-
Employer
32 521
-
71 907
-
accident
293
-
647
-
pensions
2 601
-
5 753
-
health
992
-
2 194
-
total
3 886
-
8 594
-
Corporate
44 094
80 500
-
-
surtax
463
845
-
-
communal
2 976
5 434
-
-
income
6 614
12 075
-
-
total
10 053
18 354
-
-
Dividends
34 041
62 146
-
-
income
11 178
6 077
-
-
withholding
5 106
9 322
-
-
total
16 284
15 399
-
-
Income
80 500
80 500
80 500
80 500
Total tax
39 405
33 753
38 035
41 245
After tax
41 095
46 747
42 465
39 255
Living cost
23 337
23 337
23 337
23 337
Free-cash
17 758
23 410
19 128
15 918

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴40988
₴39623
₴28384
₴25758
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
23 161
pensions
-
-
-
11 463
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
4 069
surtax
-
-
-
3 679
total
-
-
-
42 470
Employee
14 462
-
68 436
-
other
-
-
-
-
health
369
-
1 461
-
surtax
51
-
3 166
-
income
2 424
-
20 593
-
pensions
965
-
3 823
-
unemployment
1 006
-
3 989
-
total
4 815
-
33 032
-
Employer
14 462
-
68 436
-
other
-
-
-
-
unemployment
459
-
1 816
-
pensions
1 928
-
7 640
-
health
658
-
2 608
-
total
3 045
-
12 064
-
Corporate
62 994
80 500
-
-
income
16 379
20 930
-
-
total
16 379
20 930
-
-
Dividends
46 615
59 570
-
-
withholding
6 992
8 936
-
-
total
6 992
8 936
-
-
Income
80 500
80 500
80 500
80 500
Total tax
31 231
29 866
45 096
42 470
After tax
49 269
50 634
35 404
38 030
Living cost
9 646
9 646
9 646
9 646
Free-cash
39 623
40 988
25 758
28 384

Estimated living cost  is ₴9646 per week

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

Source of data for Athens model

Close
Naples , Italy
₴30744
₴29791
₴26363
₴22745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
municipal
-
-
-
478
regional
-
-
-
1 214
national
-
-
-
20 173
social contributions
-
-
-
20 704
total
-
-
-
42 569
Employee
23 821
-
80 500
-
social contributions
8 033
-
27 145
-
regional
321
-
1 083
-
municipal
126
-
427
-
national
3 774
-
17 532
-
total
12 254
-
46 187
-
Employer
23 821
-
80 500
-
total
-
-
-
-
Corporate
56 679
80 500
-
-
nationa
13 603
19 320
-
-
municipal
2 817
4 001
-
-
total
16 420
23 321
-
-
Dividends
40 258
57 180
-
-
withholding
10 467
14 867
-
-
total
10 467
14 867
-
-
Income
80 500
80 500
80 500
80 500
Total tax
39 141
38 188
46 187
42 569
After tax
41 359
42 312
34 313
37 931
Living cost
11 568
11 568
11 568
11 568
Free-cash
29 791
30 744
22 745
26 363

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴42776
₴38263
₴33687
₴30328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
8 229
health
-
-
-
10 867
solidarity contribution
-
-
-
300
social contributions
-
-
-
14 769
total
-
-
-
34 165
Employee
18 600
-
62 252
-
social contributions
1 209
-
3 288
-
health
2 511
-
8 404
-
solidarity contribution
-
-
-
-
income
2 232
-
7 584
-
total
5 952
-
19 276
-
Employer
18 600
-
62 252
-
social contributions
4 650
-
12 645
-
health
1 674
-
5 603
-
total
6 324
-
18 248
-
Corporate
55 576
80 500
-
-
income
10 560
15 295
-
-
total
10 560
15 295
-
-
Dividends
45 017
65 205
-
-
withholding
6 753
9 781
-
-
total
6 753
9 781
-
-
Income
80 500
80 500
80 500
80 500
Total tax
29 589
25 076
37 524
34 165
After tax
50 911
55 424
42 976
46 335
Living cost
12 648
12 648
12 648
12 648
Free-cash
38 263
42 776
30 328
33 687

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴30842
₴30628
₴27713
₴7597
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
chamber of commerce
-
-
-
322
income
-
-
-
23 011
pensions
-
-
-
9 281
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
39 086
Employee
18 772
17 114
64 980
-
other
187
171
502
-
health
726
663
1 941
-
income
1 672
1 262
18 761
-
pensions
1 922
1 752
5 137
-
unemployment
563
513
1 505
-
total
5 070
4 361
27 846
-
Employer
18 772
17 114
64 980
-
accident
244
222
652
-
other
892
812
2 961
-
chamber of commerce
75
68
260
-
unemployment
563
513
1 505
-
surtax
-
-
-
-
pensions
2 356
2 148
6 296
-
payroll
563
513
1 949
-
health
710
647
1 896
-
total
5 403
4 923
15 519
-
Corporate
56 326
58 461
63 351
-
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.

14 081
14 615
15 837
-
total
14 081
14 615
15 837
-
Dividends
42 245
43 846
-
-
withholding
11 617
12 058
-
-
total
11 617
12 058
-
-
Income
80 500
80 500
80 500
80 500
Total tax
36 171
35 957
59 202
39 086
After tax
44 329
44 543
21 298
41 414
Living cost
13 701
13 701
13 701
13 701
Free-cash
30 628
30 842
7 597
27 713

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴70376
₴69232
₴73596
₴58301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
80 500
microenterprise

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

-
-
-
805
total
-
-
-
805
Employee
7 624
-
80 500
-
income
1 525
-
16 100
-
total
1 525
-
16 100
-
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%.

72 876
80 500
-
-
total
-
-
-
-
Dividends
72 876
80 500
-
-
withholding
3 644
4 025
-
-
total
3 644
4 025
-
-
Income
80 500
80 500
80 500
80 500
Total tax
5 169
4 025
16 100
805
After tax
75 331
76 475
64 400
79 695
Living cost
6 099
6 099
6 099
6 099
Free-cash
69 232
70 376
58 301
73 596

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴43906
₴40315
₴27553
₴25420
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
income
-
-
-
18 686
pensions
-
-
-
14 701
unemployment
-
-
-
121
health
-
-
-
7 921
total
-
-
-
41 429
Employee

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

18 990
-
69 656
-
health
1 226
-
4 499
-
income
3 275
-
17 324
-
pensions
2 944
-
10 796
-
unemployment
27
-
98
-
total
7 472
-
32 717
-
Employer

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

18 990
-
69 656
-
unemployment
11
-
42
-
pensions
1 680
-
6 164
-
health
1 265
-
4 639
-
total
2 956
-
10 845
-
Corporate
58 554
80 500
-
-
income
11 125
15 295
-
-
total
11 125
15 295
-
-
Dividends
47 428
65 205
-
-
withholding
7 114
9 781
-
-
total
7 114
9 781
-
-
Income
80 500
80 500
80 500
80 500
Total tax
28 667
25 076
43 562
41 429
After tax
51 833
55 424
36 938
39 071
Living cost
11 518
11 518
11 518
11 518
Free-cash
40 315
43 906
25 420
27 553

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴30424
₴9973
₴37080
₴56292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
15 691
social contributions
-
-
-
9 177
total
-
-
-
24 868
Employee
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
16 392
80 500
-
-
income
3 606
17 710
-
-
total
3 606
17 710
-
-
Dividends
12 786
62 790
-
-
income
2 813
13 814
-
-
total
2 813
13 814
-
-
Income
80 500
80 500
80 500
80 500
Total tax
51 975
31 524
5 656
24 868
After tax
28 525
48 976
74 844
55 632
Living cost
18 552
18 552
18 552
18 552
Free-cash
9 973
30 424
56 292
37 080

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴32319
₴31885
₴29330
₴23225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
income
-
-
-
9 727
surtax
-
-
-
-
social contributions

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

-
-
-
27 973
total
-
-
-
37 700
Employee
19 751
-
65 050
-
social contributions
2 173
-
7 156
-
surtax
-
-
-
-
income
4 108
-
21 199
-
total
6 281
-
28 355
-
Employer
19 751
-
65 050
-
social contributions
4 691
-
15 450
-
total
4 691
-
15 450
-
Corporate
56 059
80 500
-
-
surtax
-
-
-
-
income
11 773
16 905
-
-
total
11 773
16 905
-
-
Dividends
44 286
63 595
-
-
withholding
12 400
17 806
-
-
total
12 400
17 806
-
-
Income
80 500
80 500
80 500
80 500
Total tax
35 145
34 711
43 805
37 700
After tax
45 355
45 789
36 695
42 800
Living cost
13 470
13 470
13 470
13 470
Free-cash
31 885
32 319
23 225
29 330

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴19831
₴22782
₴24545
₴22945
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
12 979
pensions
-
-
-
13 891
other
-
-
-
2 495
health
-
-
-
3 556
surtax
-
-
-
-
social contributions
-
-
-
2 293
total
-
-
-
35 214
Employee
26 896
-
62 105
-
social contributions
766
-
1 769
-
surtax
-
-
-
-
income
2 347
-
12 253
-
pensions
3 042
-
4 399
-
total
6 155
-
18 421
-
Employer
26 896
-
62 105
-
other
928
-
2 457
-
social contributions
81
-
187
-
unemployment
1 090
-
2 515
-
pensions
4 419
-
7 392
-
health
1 883
-
5 842
-
total
8 401
-
18 393
-
Corporate
45 203
80 500
-
-
surtax
-
-
-
-
income
12 657
22 540
-
-
total
12 657
22 540
-
-
Dividends
32 547
57 960
-
-
surtax
-
-
-
-
social contributions
5 598
9 969
-
-
withholding
4 166
7 419
-
-
total
9 764
17 388
-
-
Income
80 500
80 500
80 500
80 500
Total tax
36 977
39 928
36 814
35 214
After tax
43 523
40 572
43 686
45 286
Living cost
20 741
20 741
20 741
20 741
Free-cash
22 782
19 831
22 945
24 545

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴59541
₴58099
₴46210
₴48349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
3 671
social contributions
-
-
-
17 710
total
-
-
-
21 381
Employee
13 806
-
69 696
-
income
-
-
3 908
-
social contributions
897
-
4 530
-
total
897
-
8 438
-
Employer
13 806
-
69 696
-
social contributions
2 140
-
10 804
-
total
2 140
-
10 804
-
Corporate
64 554
80 500
-
-
income
6 455
8 050
-
-
total
6 455
8 050
-
-
Dividends
58 099
72 450
-
-
total
-
-
-
-
Income
80 500
80 500
80 500
80 500
Total tax
9 492
8 050
19 242
21 381
After tax
71 008
72 450
61 258
59 119
Living cost
12 909
12 909
12 909
12 909
Free-cash
58 099
59 541
48 349
46 210

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴13058
-₴13058
₴26517
-₴13058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
municipal
-
-
-
16 913
pensions
-
-
-
372
national
-
-
-
9 608
labour market
-
-
-
6 410
total
-
-
-
33 303
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
80 500
80 500
80 500
80 500
Total tax
72 878
72 878
72 878
33 303
After tax
7 622
7 622
7 622
47 197
Living cost
20 680
20 680
20 680
20 680
Free-cash
-13 058
-13 058
-13 058
26 517

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴2720
₴5102
₴45769
₴34674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
accident
-
-
-
108
income
-
-
-
22 520
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 490
Employee
14 536
-
72 804
-
health
1 665
-
8 336
-
income
1 994
-
17 299
-
pensions
1 637
-
3 253
-
total
5 296
-
28 888
-
Employer
14 536
-
72 804
-
accident
243
-
1 216
-
unemployment
356
-
1 784
-
pensions
2 364
-
4 697
-
total
2 963
-
7 697
-
Corporate
63 001
80 500
-
-
income

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

56 701
72 450
-
-
total
56 701
72 450
-
-
Dividends
6 300
8 050
-
-
withholding
1 197
1 529
-
-
total
1 197
1 529
-
-
Income
80 500
80 500
80 500
80 500
Total tax
66 157
73 979
36 585
25 490
After tax
14 343
6 521
43 915
55 010
Living cost
9 241
9 241
9 241
9 241
Free-cash
5 102
-2 720
34 674
45 769

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴33654
₴34849
₴34730
₴25433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
80 500
municipal
-
-
-
14 299
health
-
-
-
1 060
national
-
-
-
13 924
total
-
-
-
29 283
Employee
22 594
-
67 721
-
health
169
-
864
-
municipal
3 701
-
11 029
-
pensions
1 525
-
4 571
-
unemployment
339
-
1 015
-
national
373
-
8 321
-
total
6 107
-
25 800
-
Employer
22 594
-
67 721
-
accident
23
-
68
-
unemployment
147
-
440
-
pensions
3 920
-
11 750
-
health
174
-
522
-
total
4 264
-
12 780
-
Corporate
53 644
80 500
-
-
income
10 729
16 100
-
-
total
10 729
16 100
-
-
Dividends

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

32 186
48 300
-
-
national
2 271
5 565
-
-
municipal
5 793
8 694
-
-
total
8 064
14 259
-
-
Income
80 500
80 500
80 500
80 500
Total tax
29 164
30 359
38 580
29 283
After tax
51 336
50 141
41 920
51 217
Living cost
16 487
16 487
16 487
16 487
Free-cash
34 849
33 654
25 433
34 730

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴48768
₴46432
₴44835
₴44140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
16 721
health
-
-
-
2 053
social contributions
-
-
-
6 948
total
-
-
-
25 722
Employee
33 022
33 022
75 408
-
social contributions
1 248
2 741
3 697
-
health
256
561
1 282
-
income
3 595
3 057
16 346
-
total
5 099
6 359
21 325
-
Employer
33 022
33 022
75 408
-
social contributions
1 248
2 741
3 697
-
health
278
611
1 395
-
total
1 526
3 352
5 092
-
Corporate
63 931
44 127
-
-
income
7 991
5 515
-
-
total
7 991
5 515
-
-
Dividends
55 940
38 611
-
-
withholding
9 509
6 563
-
-
total
9 509
6 563
-
-
Income
80 500
80 500
80 500
80 500
Total tax
24 125
21 789
26 417
25 722
After tax
56 375
58 711
54 083
54 778
Living cost
9 943
9 943
9 943
9 943
Free-cash
46 432
48 768
44 140
44 835

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴59844
₴57658
₴61154
₴52540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
80 500
income
-
-
-
8 230
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
12 528
Employee

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

9 857
-
76 303
-
health
838
-
3 463
-
income
674
-
7 166
-
pensions
1 478
-
6 112
-
unemployment
49
-
204
-
total
3 039
-
16 945
-
Employer

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

9 857
-
76 303
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
69 628
80 500
-
-
income
6 267
7 245
-
-
total
6 267
7 245
-
-
Dividends
63 362
73 255
-
-
withholding
5 703
6 593
-
-
total
5 703
6 593
-
-
Income
80 500
80 500
80 500
80 500
Total tax
16 024
13 838
21 142
12 528
After tax
64 476
66 662
59 358
67 972
Living cost
6 818
6 818
6 818
6 818
Free-cash
57 658
59 844
52 540
61 154

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴41791
₴39895
₴33312
₴31510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
accident
-
-
-
359
income
-
-
-
23 437
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
35 379
Employee
15 879
-
67 811
-
other
15
-
40
-
income
3 061
-
21 963
-
pensions
746
-
1 871
-
unemployment
246
-
617
-
total
4 068
-
24 491
-
Employer
15 879
-
67 811
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 747
-
9 394
-
total
5 063
-
12 690
-
Corporate
59 559
80 500
-
-
income

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

8 934
12 075
-
-
total
8 934
12 075
-
-
Dividends
50 625
68 425
-
-
withholding
10 731
14 825
-
-
total
10 731
14 825
-
-
Income
80 500
80 500
80 500
80 500
Total tax
28 796
26 900
37 181
35 379
After tax
51 704
53 600
43 319
45 121
Living cost
11 809
11 809
11 809
11 809
Free-cash
39 895
41 791
31 510
33 312

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴49057
₴48863
₴50460
₴50376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
27 386
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
28 865
Employee
1 790
-
79 536
-
health
90
-
214
-
income
346
-
27 341
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
27 984
-
Employer
1 790
-
79 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
78 307
80 500
-
-
income
17 228
17 710
-
-
total
17 228
17 710
-
-
Dividends
61 080
62 790
-
-
withholding
12 216
12 558
-
-
total
12 216
12 558
-
-
Income
80 500
80 500
80 500
80 500
Total tax
30 462
30 268
28 949
28 865
After tax
50 038
50 232
51 551
51 635
Living cost
1 175
1 175
1 175
1 175
Free-cash
48 863
49 057
50 376
50 460

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
₴50741
₴48631
₴42761
₴42761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
income
-
-
-
18 333
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
30 319
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
-
74 825
-
health
576
-
1 633
-
income
1 542
-
18 333
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
24 643
-
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
-
74 825
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
67 309
80 500
-
-
income
10 096
12 075
-
-
total
10 096
12 075
-
-
Dividends
57 213
68 425
-
-
withholding
8 582
10 264
-
-
total
8 582
10 264
-
-
Income
80 500
80 500
80 500
80 500
Total tax
24 449
22 339
30 319
30 319
After tax
56 051
58 161
50 181
50 181
Living cost
7 420
7 420
7 420
7 420
Free-cash
48 631
50 741
42 761
42 761

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
₴34212
₴34056
₴31223
₴25118
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
income
-
-
-
9 727
surtax
-
-
-
-
social contributions

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

-
-
-
27 973
total
-
-
-
37 700
Employee
16 667
-
65 050
-
social contributions
1 834
-
7 156
-
surtax
-
-
-
-
income
3 257
-
21 199
-
total
5 091
-
28 355
-
Employer
16 667
-
65 050
-
social contributions
3 958
-
15 450
-
total
3 958
-
15 450
-
Corporate
59 874
80 500
-
-
surtax
-
-
-
-
income
12 574
16 905
-
-
total
12 574
16 905
-
-
Dividends
47 301
63 595
-
-
withholding
13 244
17 806
-
-
total
13 244
17 806
-
-
Income
80 500
80 500
80 500
80 500
Total tax
34 867
34 711
43 805
37 700
After tax
45 633
45 789
36 695
42 800
Living cost
11 577
11 577
11 577
11 577
Free-cash
34 056
34 212
25 118
31 223

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴38508
₴35696
₴30029
₴28227
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
accident
-
-
-
359
income
-
-
-
23 437
pensions
-
-
-
11 264
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
35 379
Employee
20 740
-
67 811
-
other
20
-
40
-
income
4 332
-
21 963
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
24 491
-
Employer
20 740
-
67 811
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 394
-
total
6 613
-
12 690
-
Corporate
53 148
80 500
-
-
income

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

7 973
12 075
-
-
total
7 973
12 075
-
-
Dividends
45 175
68 425
-
-
withholding
9 478
14 825
-
-
total
9 478
14 825
-
-
Income
80 500
80 500
80 500
80 500
Total tax
29 712
26 900
37 181
35 379
After tax
50 788
53 600
43 319
45 121
Living cost
15 092
15 092
15 092
15 092
Free-cash
35 696
38 508
28 227
30 029

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴61442
₴58825
₴57034
₴60243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
12 075
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
16 080
Employee
9 780
-
77 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
7 756
-
pensions

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

859
-
1 317
-
total
2 394
-
9 928
-
Employer
9 780
-
77 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
68 801
80 500
-
-
income
6 880
8 050
-
-
total
6 880
8 050
-
-
Dividends
61 921
72 450
-
-
withholding
3 096
3 622
-
-
total
3 096
3 622
-
-
Income
80 500
80 500
80 500
80 500
Total tax
14 289
11 672
12 871
16 080
After tax
66 211
68 828
67 629
64 420
Living cost
7 386
7 386
7 386
7 386
Free-cash
58 825
61 442
60 243
57 034

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
₴24843
₴30459
₴25481
₴34167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
trade
-
-
-
8 686
income

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

-
-
-
25 422
health

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

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

-
-
-
2 934
surtax

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

-
-
-
1 398
total
-
-
-
38 440
Employee

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

21 367
-
80 500
-
health

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

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

2 934
-
2 934
-
surtax

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

97
-
1 398
-
income

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

1 757
-
25 422
-
total
4 788
-
29 754
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
59 133
80 500
-
-
surtax

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

488
664
-
-
income
8 870
12 075
-
-
trade
8 486
11 552
-
-
chamber of commerce
152
183
-
-
total
17 996
24 474
-
-
Dividends
41 138
56 026
-
-
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.

557
761
-
-
withholding
10 121
13 843
-
-
total
10 678
14 604
-
-
Income
80 500
80 500
80 500
80 500
Total tax
33 462
39 078
29 754
38 440
After tax
47 038
41 422
50 746
42 060
Living cost
16 579
16 579
16 579
16 579
Free-cash
30 459
24 843
34 167
25 481

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴31886
₴32835
₴17393
₴17393
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
25 102
social contributions
-
-
-
13 542
total
-
-
-
38 644
Employee
33 591
-
80 500
-
income
6 339
-
25 102
-
social contributions
2 791
-
13 542
-
total
9 130
-
38 644
-
Employer
33 591
-
80 500
-
total
-
-
-
-
Corporate
46 909
80 500
-
-
income
5 863
10 063
-
-
total
5 863
10 063
-
-
Dividends
41 045
70 437
-
-
withholding
8 209
14 088
-
-
total
8 209
14 088
-
-
Income
80 500
80 500
80 500
80 500
Total tax
23 202
24 151
38 644
38 644
After tax
57 298
56 349
41 856
41 856
Living cost
24 463
24 463
24 463
24 463
Free-cash
32 835
31 886
17 393
17 393

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴34467
₴35967
₴49809
₴41353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
income
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
78 525
-
income
2 138
-
19 608
-
social contributions
1 974
-
1 975
-
total
4 112
-
21 583
-
Employer
19 700
-
78 525
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
58 826
80 500
-
-
income
20 589
28 175
-
-
total
20 589
28 175
-
-
Dividends
38 237
52 325
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
80 500
80 500
80 500
80 500
Total tax
28 944
30 444
23 558
15 102
After tax
51 556
50 056
56 942
65 398
Living cost
15 589
15 589
15 589
15 589
Free-cash
35 967
34 467
41 353
49 809

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴36168
₴38728
₴36999
₴29736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
income
-
-
-
23 470
pensions
-
-
-
3 976
total
-
-
-
27 446
Employee
22 038
-
70 280
-
health
287
-
1 002
-
income
4 013
-
18 629
-
pensions
1 682
-
4 859
-
total
5 982
-
24 490
-
Employer
22 038
-
70 280
-
pensions
2 227
-
8 883
-
health
419
-
1 336
-
total
2 646
-
10 219
-
Corporate
55 817
80 500
-
-
income

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

10 605
15 295
-
-
total
10 605
15 295
-
-
Dividends
45 212
65 205
-
-
withholding
6 484
12 982
-
-
total
6 484
12 982
-
-
Income
80 500
80 500
80 500
80 500
Total tax
25 717
28 277
34 709
27 446
After tax
54 783
52 223
45 791
53 054
Living cost
16 055
16 055
16 055
16 055
Free-cash
38 728
36 168
29 736
36 999

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
-₴3635
₴4963
₴44854
₴33759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
accident
-
-
-
108
income
-
-
-
22 520
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
25 490
Employee
15 975
-
72 804
-
health
1 829
-
8 336
-
income
2 192
-
17 299
-
pensions
1 799
-
3 253
-
total
5 820
-
28 888
-
Employer
15 975
-
72 804
-
accident
267
-
1 216
-
unemployment
391
-
1 784
-
pensions
2 597
-
4 697
-
total
3 255
-
7 697
-
Corporate
61 269
80 500
-
-
income

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

55 142
72 450
-
-
total
55 142
72 450
-
-
Dividends
6 127
8 050
-
-
withholding
1 164
1 529
-
-
total
1 164
1 529
-
-
Income
80 500
80 500
80 500
80 500
Total tax
65 381
73 979
36 585
25 490
After tax
15 119
6 521
43 915
55 010
Living cost
10 156
10 156
10 156
10 156
Free-cash
4 963
-3 635
33 759
44 854

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴55796
₴59950
₴42522
₴51944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
80 500
work injury
-
-
-
343
health insurance
-
-
-
5 070
income
-
-
-
13 349
pensions
-
-
-
12 607
unemployment
-
-
-
822
total
-
-
-
32 191
Employee

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

9 259
-
80 500
-
work injury
46
-
171
-
income
926
-
13 349
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
22 769
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 241
80 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

712
8 050
-
-
total
712
8 050
-
-
Dividends
70 529
72 450
-
-
withholding
10 579
10 867
-
-
total
10 579
10 867
-
-
Income
80 500
80 500
80 500
80 500
Total tax
14 763
18 917
22 769
32 191
After tax
65 737
61 583
57 731
48 309
Living cost
5 787
5 787
5 787
5 787
Free-cash
59 950
55 796
51 944
42 522

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
₴25294
₴23341
₴20128
₴16594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
80 500
municipal
-
-
-
538
regional
-
-
-
1 849
national
-
-
-
20 173
social contributions
-
-
-
20 704
total
-
-
-
43 264
Employee
36 187
-
80 500
-
social contributions
12 202
-
27 145
-
regional
546
-
1 641
-
municipal
216
-
480
-
national
6 115
-
17 532
-
total
19 079
-
46 798
-
Employer
36 187
-
80 500
-
total
-
-
-
-
Corporate
44 313
80 500
-
-
nationa
10 635
19 320
-
-
municipal
2 136
3 880
-
-
total
12 771
23 200
-
-
Dividends
31 542
57 300
-
-
withholding
8 201
14 898
-
-
total
8 201
14 898
-
-
Income
80 500
80 500
80 500
80 500
Total tax
40 051
38 098
46 798
43 264
After tax
40 449
42 402
33 702
37 236
Living cost
17 108
17 108
17 108
17 108
Free-cash
23 341
25 294
16 594
20 128

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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