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
₴ 81500
per

Your estimated
City
free-cash

Dresden , Germany
₴36734
₴27735
₴25251
₴31048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
income

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

-
-
-
23 993
health

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

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

-
-
-
3 580
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.

-
-
-
1 320
trade
-
-
-
8 999
total
-
-
-
37 892
Employee

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

20 044
-
81 500
-
income

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

560
-
23 993
-
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.

31
-
1 320
-
health

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

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

3 580
-
3 580
-
total
4 171
-
28 893
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 456
81 500
-
-
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.

507
672
-
-
income
9 218
12 225
-
-
chamber of commerce
168
197
-
-
trade
9 679
12 836
-
-
total
19 572
25 930
-
-
Dividends
41 883
55 569
-
-
withholding
10 271
13 693
-
-
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.

565
753
-
-
total
10 836
14 446
-
-
Income
81 500
81 500
81 500
81 500
Total tax
34 579
40 376
28 893
37 892
After tax
46 921
41 124
52 607
43 608
Living cost
15 873
15 873
15 873
15 873
Free-cash
31 048
25 251
36 734
27 735

Estimated living cost  is ₴15873 per week

₴9985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20718
₴20077
₴22548
₴22077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
876
national
-
-
-
13 650
pensions
-
-
-
9 780
municipal
-
-
-
8 809
total
-
-
-
33 115
Employee
43 883
-
70 456
-
municipal
5 420
-
9 124
-
national
8 399
-
14 139
-
pensions
1 755
-
2 818
-
total
15 574
-
26 081
-
Employer
43 883
-
70 456
-
pensions
3 511
-
5 636
-
social contributions
472
-
757
-
total
3 983
-
6 393
-
Corporate
30 738
81 500
-
-
income

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

6 148
16 300
-
-
total
6 148
16 300
-
-
Dividends
24 591
65 200
-
-
withholding
5 410
14 344
-
-
total
5 410
14 344
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 115
30 644
32 474
33 115
After tax
50 385
50 856
49 026
48 385
Living cost
28 308
28 308
28 308
28 308
Free-cash
22 077
22 548
20 718
20 077

Estimated living cost  is ₴28308 per week

₴19241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38384
₴16206
₴54297
₴49997
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
social contributions

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

-
-
-
20 079
income
-
-
-
13 530
microenterprise
-
-
-
-
surtax
-
-
-
20 782
total
-
-
-
54 391
Employee
15 313
-
59 054
-
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.

1 685
-
6 496
-
income
2 726
-
11 491
-
surtax
-
-
-
-
total
4 411
-
17 987
-
Employer
15 313
-
59 054
-
surtax
-
-
-
-
social contributions

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

3 689
-
14 226
-
total
3 689
-
14 226
-
Corporate
62 498
81 500
-
-
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%.

12 500
16 300
-
-
total
12 500
16 300
-
-
Dividends

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

49 998
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
20 600
16 300
32 213
54 391
After tax
60 900
65 200
49 287
27 109
Living cost
10 903
10 903
10 903
10 903
Free-cash
49 997
54 297
38 384
16 206

Estimated living cost  is ₴10903 per week

₴6956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1038
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27791
₴23793
₴18234
₴15025
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
23 151
health
-
-
-
6 462
pensions
-
-
-
6 140
total
-
-
-
35 753
Employee
44 752
44 752
71 761
-
income

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

7 325
7 325
9 413
-
health
6 869
5 843
6 462
-
pensions
8 055
6 140
6 140
-
total
22 249
19 308
22 015
-
Employer
44 752
44 752
71 761
-
unemployment
1 611
1 611
2 002
-
pensions
3 115
3 115
3 872
-
health
3 111
3 111
3 866
-
total
7 837
7 837
9 740
-
Corporate
29 460
28 911
-
-
income
5 892
5 782
-
-
total
5 892
5 782
-
-
Dividends
23 568
23 129
-
-
withholding
3 535
3 470
-
-
income
5 008
4 915
-
-
total
8 543
8 385
-
-
Income
81 500
81 500
81 500
81 500
Total tax
44 521
41 312
31 755
35 753
After tax
36 979
40 188
49 745
45 747
Living cost
21 954
21 954
21 954
21 954
Free-cash
15 025
18 234
27 791
23 793

Estimated living cost  is ₴21954 per week

₴15558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1979
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20913
₴21427
₴23342
₴22867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
93
national
-
-
-
5 186
health
-
-
-
2 893
unemployment
-
-
-
46
other
-
-
-
5 388
pensions
-
-
-
5 012
municipal
-
-
-
20 298
total
-
-
-
38 916
Employee
30 147
-
66 931
-
municipal
8 990
-
19 959
-
national
-
-
4 902
-
total
8 990
-
24 861
-
Employer
30 147
-
66 931
-
other
3 503
-
5 388
-
unemployment
796
-
1 224
-
pensions
3 259
-
5 012
-
health
1 854
-
2 852
-
accident
60
-
93
-
total
9 472
-
14 569
-
Corporate
41 881
81 500
-
-
income
9 214
17 930
-
-
total
9 214
17 930
-
-
Dividends
32 667
63 570
-
-
withholding
9 800
19 071
-
-
total
9 800
19 071
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 476
37 001
39 430
38 916
After tax
44 024
44 499
42 070
42 584
Living cost
21 157
21 157
21 157
21 157
Free-cash
22 867
23 342
20 913
21 427

Estimated living cost  is ₴21157 per week

₴14022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2076
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32020
₴22621
₴20117
₴27482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
income

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

-
-
-
23 993
health

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

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

-
-
-
3 580
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.

-
-
-
1 320
trade
-
-
-
9 399
total
-
-
-
38 292
Employee

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

26 576
-
81 500
-
income

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

2 283
-
23 993
-
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.

125
-
1 320
-
health

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

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

3 580
-
3 580
-
total
5 988
-
28 893
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
54 924
81 500
-
-
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.

453
672
-
-
income
8 238
12 225
-
-
chamber of commerce
158
196
-
-
trade
9 035
13 407
-
-
total
17 884
26 500
-
-
Dividends
37 039
55 000
-
-
withholding
9 061
13 551
-
-
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.

498
745
-
-
total
9 559
14 296
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 431
40 796
28 893
38 292
After tax
48 069
40 704
52 607
43 208
Living cost
20 587
20 587
20 587
20 587
Free-cash
27 482
20 117
32 020
22 621

Estimated living cost  is ₴20587 per week

₴13769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38503
₴39249
₴42494
₴40318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
8 479
income
-
-
-
14 696
health
-
-
-
2 078
total
-
-
-
25 253
Employee
40 298
40 298
75 591
-
social contributions
1 958
3 344
4 511
-
income
4 232
3 730
14 294
-
health
401
685
1 285
-
total
6 591
7 759
20 090
-
Employer
40 298
40 298
75 591
-
health
437
746
1 398
-
social contributions
1 958
3 344
4 511
-
total
2 395
4 090
5 909
-
Corporate
55 517
37 112
-
-
income
6 940
4 639
-
-
total
6 940
4 639
-
-
Dividends
48 577
32 473
-
-
withholding
8 258
5 520
-
-
total
8 258
5 520
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 184
22 008
25 999
25 253
After tax
57 316
59 492
55 501
56 247
Living cost
16 998
16 998
16 998
16 998
Free-cash
40 318
42 494
38 503
39 249

Estimated living cost  is ₴16998 per week

₴11620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1328
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36947
₴46160
₴35521
₴35736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
9 963
health
-
-
-
5 705
unemployment
-
-
-
1 223
pensions
-
-
-
8 150
total
-
-
-
25 041
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.

14 867
5 917
68 201
-
income
1 817
723
8 338
-
health
1 041
414
4 774
-
pensions
1 487
592
6 820
-
unemployment
223
89
1 023
-
total
4 568
1 818
20 955
-
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.

14 867
5 917
68 201
-
pensions
2 899
1 154
13 299
-
total
2 899
1 154
13 299
-
Corporate
63 734
74 430
-
-
income
5 736
6 699
-
-
total
5 736
6 699
-
-
Dividends
57 998
67 731
-
-
withholding
11 020
12 869
-
-
social contributions
11 242
13 140
-
-
total
22 262
26 009
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 465
35 680
34 254
25 041
After tax
46 035
45 820
47 246
56 459
Living cost
10 299
10 299
10 299
10 299
Free-cash
35 736
35 521
36 947
46 160

Estimated living cost  is ₴10299 per week

₴7028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34317
₴31026
₴52542
₴49286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
10 921
health
-
-
-
10 595
pensions
-
-
-
16 300
total
-
-
-
37 816
Employee
14 867
-
60 912
-
income
1 674
-
11 744
-
pensions
297
-
1 218
-
unemployment
238
-
975
-
total
2 209
-
13 937
-
Employer
14 867
-
60 912
-
unemployment
119
-
487
-
pensions
2 974
-
12 183
-
health
1 932
-
7 918
-
total
5 025
-
20 588
-
Corporate
61 608
81 500
-
-
income
12 322
16 300
-
-
total
12 322
16 300
-
-
Dividends
49 286
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
19 556
16 300
34 525
37 816
After tax
61 944
65 200
46 975
43 684
Living cost
12 658
12 658
12 658
12 658
Free-cash
49 286
52 542
34 317
31 026

Estimated living cost  is ₴12658 per week

₴8682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴754
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32383
₴44240
-₴4910
₴4836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
132
income
-
-
-
22 104
health
-
-
-
1 141
other
-
-
-
194
pensions
-
-
-
2 177
total
-
-
-
25 748
Employee
18 109
-
72 738
-
income
2 484
-
16 523
-
health
2 073
-
8 328
-
pensions
2 039
-
3 992
-
total
6 596
-
28 843
-
Employer
18 109
-
72 738
-
unemployment
444
-
1 782
-
pensions
2 945
-
5 765
-
accident
302
-
1 215
-
total
3 691
-
8 762
-
Corporate
59 701
81 500
-
-
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.

53 731
73 350
-
-
total
53 731
73 350
-
-
Dividends
5 970
8 150
-
-
withholding
1 134
1 548
-
-
total
1 134
1 548
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 152
74 898
37 605
25 748
After tax
16 348
6 602
43 895
55 752
Living cost
11 512
11 512
11 512
11 512
Free-cash
4 836
-4 910
32 383
44 240

Estimated living cost  is ₴11512 per week

₴8437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
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.
₴2197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60733
₴76218
₴72958
₴72120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
81 500
microenterprise

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

-
-
-
815
total
-
-
-
815
Employee
5 584
-
81 500
-
income
1 117
-
16 300
-
total
1 117
-
16 300
-
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%.

75 916
81 500
-
-
total
-
-
-
-
Dividends
75 916
81 500
-
-
withholding
3 796
4 075
-
-
total
3 796
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
4 913
4 075
16 300
815
After tax
76 587
77 425
65 200
80 685
Living cost
4 467
4 467
4 467
4 467
Free-cash
72 120
72 958
60 733
76 218

Estimated living cost  is ₴4467 per week

₴2768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32485
₴29565
₴45914
₴42374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
11 553
health
-
-
-
3 507
other
-
-
-
3 785
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.

-
-
-
19 126
total
-
-
-
37 971
Employee
19 028
-
65 095
-
income
3 276
-
12 527
-
health
267
-
911
-
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.

1 332
-
4 557
-
unemployment
190
-
651
-
total
5 065
-
18 646
-
Employer
19 028
-
65 095
-
other
952
-
3 255
-
unemployment
190
-
651
-
pensions

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

3 235
-
11 067
-
health
267
-
911
-
accident
152
-
521
-
total
4 796
-
16 405
-
Corporate
57 677
81 500
-
-
income
12 112
17 115
-
-
total
12 112
17 115
-
-
Dividends
45 565
64 385
-
-
withholding
3 189
4 507
-
-
total
3 189
4 507
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 162
21 622
35 051
37 971
After tax
56 338
59 878
46 449
43 529
Living cost
13 964
13 964
13 964
13 964
Free-cash
42 374
45 914
32 485
29 565

Estimated living cost  is ₴13964 per week

₴9866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12254
₴19692
₴19363
₴18644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
22 105
pensions
-
-
-
4 511
total
-
-
-
26 616
Employee
49 792
-
71 298
-
income
8 976
-
17 145
-
health
820
-
1 077
-
pensions
4 804
-
5 630
-
total
14 600
-
23 852
-
Employer
49 792
-
71 298
-
pensions
5 879
-
8 847
-
health
946
-
1 355
-
total
6 825
-
10 202
-
Corporate
24 883
81 500
-
-
income

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

4 728
15 485
-
-
total
4 728
15 485
-
-
Dividends
20 155
66 015
-
-
withholding
1 511
11 460
-
-
total
1 511
11 460
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 664
26 945
34 054
26 616
After tax
53 836
54 555
47 446
54 884
Living cost
35 192
35 192
35 192
35 192
Free-cash
18 644
19 363
12 254
19 692

Estimated living cost  is ₴35192 per week

₴26370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4135
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.
₴4401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60718
₴57627
₴62877
₴60466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
12 225
health
-
-
-
2 085
unemployment
-
-
-
73
pensions

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

-
-
-
2 684
total
-
-
-
17 067
Employee
9 013
-
77 942
-
income
901
-
7 794
-
accident

We are using the highest rate at 1.1%.

99
-
199
-
health
415
-
834
-
pensions

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

791
-
1 592
-
total
2 206
-
10 419
-
Employer
9 013
-
77 942
-
unemployment
54
-
109
-
pensions

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

993
-
1 998
-
health
622
-
1 251
-
accident

We are using the highest rate at 1.1%.

99
-
199
-
total
1 768
-
3 557
-
Corporate
70 719
81 500
-
-
income
7 072
8 150
-
-
total
7 072
8 150
-
-
Dividends
63 647
73 350
-
-
withholding
3 182
3 667
-
-
total
3 182
3 667
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 228
11 817
13 976
17 067
After tax
67 272
69 683
67 524
64 433
Living cost
6 806
6 806
6 806
6 806
Free-cash
60 466
62 877
60 718
57 627

Estimated living cost  is ₴6806 per week

₴3974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20685
₴16687
₴11128
₴12449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
23 151
health
-
-
-
6 462
pensions
-
-
-
6 140
total
-
-
-
35 753
Employee
48 587
44 752
71 761
-
income

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

7 325
7 325
9 413
-
health
6 061
5 843
6 462
-
pensions
6 140
6 140
6 140
-
total
19 526
19 308
22 015
-
Employer
48 587
44 752
71 761
-
unemployment
1 749
1 611
2 002
-
pensions
3 381
3 115
3 872
-
health
3 376
3 111
3 866
-
total
8 506
7 837
9 740
-
Corporate
24 406
28 911
-
-
income
4 881
5 782
-
-
total
4 881
5 782
-
-
Dividends
19 525
23 129
-
-
withholding
2 929
3 470
-
-
income
4 149
4 915
-
-
total
7 078
8 385
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 991
41 312
31 755
35 753
After tax
41 509
40 188
49 745
45 747
Living cost
29 060
29 060
29 060
29 060
Free-cash
12 449
11 128
20 685
16 687

Estimated living cost  is ₴29060 per week

₴21436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28274
₴30836
₴43029
₴38360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
18 828
income
-
-
-
7 750
health
-
-
-
11 002
solidarity contribution
-
-
-
-
total
-
-
-
37 580
Employee
19 242
-
60 821
-
social contributions
1 251
-
3 953
-
income
2 309
-
7 299
-
health
2 598
-
8 211
-
solidarity contribution
-
-
-
-
total
6 158
-
19 463
-
Employer
19 242
-
60 821
-
health
1 732
-
5 474
-
social contributions
4 810
-
15 205
-
total
6 542
-
20 679
-
Corporate
55 716
81 500
-
-
income
10 586
15 485
-
-
total
10 586
15 485
-
-
Dividends
45 130
66 015
-
-
withholding
6 770
9 902
-
-
total
6 770
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 056
25 387
40 142
37 580
After tax
51 444
56 113
41 358
43 920
Living cost
13 084
13 084
13 084
13 084
Free-cash
38 360
43 029
28 274
30 836

Estimated living cost  is ₴13084 per week

₴9088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13767
₴17470
₴21371
₴18635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
20 962
national
-
-
-
19 520
regional
-
-
-
951
municipal
-
-
-
484
total
-
-
-
41 917
Employee
46 575
-
81 500
-
social contributions
15 705
-
27 482
-
municipal
247
-
433
-
regional
439
-
838
-
national
8 070
-
16 867
-
total
24 461
-
45 620
-
Employer
46 575
-
81 500
-
total
-
-
-
-
Corporate
34 925
81 500
-
-
nationa
8 382
19 560
-
-
municipal
1 362
3 178
-
-
total
9 744
22 738
-
-
Dividends
25 181
58 762
-
-
withholding
6 547
15 278
-
-
total
6 547
15 278
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 752
38 016
45 620
41 917
After tax
40 748
43 484
35 880
39 583
Living cost
22 113
22 113
22 113
22 113
Free-cash
18 635
21 371
13 767
17 470

Estimated living cost  is ₴22113 per week

₴15415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24268
₴27113
₴39699
₴38067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
20 732
health
-
-
-
4 966
unemployment
-
-
-
119
other
-
-
-
-
pensions
-
-
-
13 989
surtax
-
-
-
3 017
total
-
-
-
42 823
Employee
17 330
-
67 327
-
income
2 905
-
18 035
-
surtax
57
-
2 568
-
health
443
-
1 717
-
pensions
1 156
-
4 491
-
unemployment
1 206
-
4 686
-
other
-
-
-
-
total
5 767
-
31 497
-
Employer
17 330
-
67 327
-
other
-
-
-
-
unemployment
549
-
2 134
-
pensions
2 310
-
8 974
-
health
789
-
3 063
-
total
3 648
-
14 171
-
Corporate
60 522
81 500
-
-
income
15 736
21 190
-
-
total
15 736
21 190
-
-
Dividends
44 786
60 310
-
-
withholding
6 718
9 047
-
-
total
6 718
9 047
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 869
30 237
45 668
42 823
After tax
49 631
51 263
35 832
38 677
Living cost
11 564
11 564
11 564
11 564
Free-cash
38 067
39 699
24 268
27 113

Estimated living cost  is ₴11564 per week

₴7071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23403
₴30841
₴30512
₴32882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
22 105
pensions
-
-
-
4 511
total
-
-
-
26 616
Employee
33 369
-
71 298
-
income
6 010
-
17 145
-
health
484
-
1 077
-
pensions
2 832
-
5 630
-
total
9 326
-
23 852
-
Employer
33 369
-
71 298
-
pensions
3 612
-
8 847
-
health
634
-
1 355
-
total
4 246
-
10 202
-
Corporate
43 885
81 500
-
-
income

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

8 338
15 485
-
-
total
8 338
15 485
-
-
Dividends
35 546
66 015
-
-
withholding
2 665
11 460
-
-
total
2 665
11 460
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 575
26 945
34 054
26 616
After tax
56 925
54 555
47 446
54 884
Living cost
24 043
24 043
24 043
24 043
Free-cash
32 882
30 512
23 403
30 841

Estimated living cost  is ₴24043 per week

₴18013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1802
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.
₴3976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21510
₴25468
-₴3878
₴13727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
city
-
-
-
859
health
-
-
-
184
national
-
-
-
1 026
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.

-
-
-
1 630
pensions
-
-
-
7 499
regional
-
-
-
3 689
total
-
-
-
14 887
Employee
48 150
-
72 948
-
regional
1 577
-
3 182
-
health
109
-
164
-
national
228
-
838
-
pensions
4 045
-
6 127
-
unemployment
-
-
-
-
city
517
-
784
-
total
6 476
-
11 095
-
Employer
48 150
-
72 948
-
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.

963
-
1 459
-
unemployment
-
-
-
-
pensions
4 045
-
6 127
-
health
109
-
164
-
total
5 117
-
7 750
-
Corporate
27 704
81 500
-
-
regional
5 860
17 238
-
-
national
2 354
6 927
-
-
total
8 214
24 165
-
-
Dividends
19 490
57 335
-
-
withholding
6 821
20 068
-
-
total
6 821
20 068
-
-
Income
81 500
81 500
81 500
81 500
Total tax
26 628
44 233
18 845
14 887
After tax
54 872
37 267
62 655
66 613
Living cost
41 145
41 145
41 145
41 145
Free-cash
13 727
-3 878
21 510
25 468

Estimated living cost  is ₴41145 per week

₴26756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28600
₴18801
₴16277
₴24775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
income

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

-
-
-
23 993
health

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

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

-
-
-
3 580
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.

-
-
-
1 320
trade
-
-
-
9 799
total
-
-
-
38 692
Employee

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

31 495
-
81 500
-
income

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

3 704
-
23 993
-
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.

204
-
1 320
-
health

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

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

3 580
-
3 580
-
total
7 488
-
28 893
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 005
81 500
-
-
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.

413
672
-
-
income
7 501
12 225
-
-
chamber of commerce
150
194
-
-
trade
8 576
13 978
-
-
total
16 640
27 069
-
-
Dividends
33 366
54 431
-
-
withholding
8 142
13 409
-
-
surtax

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

448
738
-
-
total
8 590
14 147
-
-
Income
81 500
81 500
81 500
81 500
Total tax
32 718
41 216
28 893
38 692
After tax
48 782
40 284
52 607
42 808
Living cost
24 007
24 007
24 007
24 007
Free-cash
24 775
16 277
28 600
18 801

Estimated living cost  is ₴24007 per week

₴17534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28066
₴28173
₴23147
₴26243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
2 322
income
-
-
-
11 878
health
-
-
-
3 109
other
-
-
-
2 526
pensions
-
-
-
15 562
surtax
-
-
-
-
total
-
-
-
35 397
Employee
22 429
-
63 757
-
social contributions
639
-
1 817
-
income
1 324
-
11 793
-
surtax
-
-
-
-
pensions
2 536
-
4 151
-
total
4 499
-
17 761
-
Employer
22 429
-
63 757
-
other
774
-
2 367
-
unemployment
908
-
2 582
-
pensions
3 685
-
7 038
-
health
1 570
-
5 565
-
social contributions
68
-
191
-
total
7 005
-
17 743
-
Corporate
52 067
81 500
-
-
surtax
-
-
-
-
income
14 578
22 820
-
-
total
14 578
22 820
-
-
Dividends
37 489
58 680
-
-
withholding
4 798
7 511
-
-
surtax
-
-
-
-
social contributions
6 447
10 092
-
-
total
11 245
17 603
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 327
40 423
35 504
35 397
After tax
44 173
41 077
45 996
46 103
Living cost
17 930
17 930
17 930
17 930
Free-cash
26 243
23 147
28 066
28 173

Estimated living cost  is ₴17930 per week

₴11305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1458
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29843
₴29950
₴24924
₴27835
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
2 322
income
-
-
-
11 878
health
-
-
-
3 109
other
-
-
-
2 526
pensions
-
-
-
15 562
surtax
-
-
-
-
total
-
-
-
35 397
Employee
20 021
-
63 757
-
social contributions
571
-
1 817
-
income
1 032
-
11 793
-
surtax
-
-
-
-
pensions
2 264
-
4 151
-
total
3 867
-
17 761
-
Employer
20 021
-
63 757
-
other
691
-
2 367
-
unemployment
811
-
2 582
-
pensions
3 290
-
7 038
-
health
1 401
-
5 565
-
social contributions
60
-
191
-
total
6 253
-
17 743
-
Corporate
55 227
81 500
-
-
surtax
-
-
-
-
income
15 463
22 820
-
-
total
15 463
22 820
-
-
Dividends
39 763
58 680
-
-
withholding
5 090
7 511
-
-
surtax
-
-
-
-
social contributions
6 839
10 092
-
-
total
11 929
17 603
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 512
40 423
35 504
35 397
After tax
43 988
41 077
45 996
46 103
Living cost
16 153
16 153
16 153
16 153
Free-cash
27 835
24 924
29 843
29 950

Estimated living cost  is ₴16153 per week

₴9368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39864
₴41227
₴38610
₴38883
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
11 247
income
-
-
-
12 225
health
-
-
-
5 689
total
-
-
-
29 161
Employee
17 769
-
81 500
-
social contributions
2 452
-
11 247
-
income
2 964
-
13 588
-
health
1 240
-
5 689
-
total
6 656
-
30 524
-
Employer
17 769
-
81 500
-
total
-
-
-
-
Corporate
63 731
81 500
-
-
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%.

3 186
4 075
-
-
total
3 186
4 075
-
-
Dividends
60 545
77 425
-
-
health
4 226
5 404
-
-
withholding
9 082
11 614
-
-
social contributions
8 355
10 685
-
-
total
21 663
27 703
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 505
31 778
30 524
29 161
After tax
49 995
49 722
50 976
52 339
Living cost
11 112
11 112
11 112
11 112
Free-cash
38 883
38 610
39 864
41 227

Estimated living cost  is ₴11112 per week

₴7437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴685
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.
₴2734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2855
₴23335
₴26729
₴25919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
20 047
health
-
-
-
4 683
unemployment
-
-
-
3 214
pensions
-
-
-
11 326
surtax
-
-
-
103
chamber of commerce
-
-
-
326
total
-
-
-
39 699
Employee
26 190
20 884
63 603
-
income
2 982
1 540
15 791
-
health
1 013
809
2 369
-
pensions
2 682
2 138
6 269
-
unemployment
786
627
1 837
-
other
262
209
613
-
total
7 725
5 323
26 879
-
Employer
26 190
20 884
63 603
-
other
1 244
992
3 000
-
surtax
103
103
103
-
unemployment
786
627
1 837
-
pensions
3 287
2 621
7 683
-
payroll
786
627
1 908
-
health
990
790
2 314
-
accident
340
271
796
-
chamber of commerce
104
84
255
-
total
7 640
6 115
17 896
-
Corporate
47 670
54 501
61 614
-
income

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

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

11 917
13 626
15 404
-
total
11 917
13 626
15 404
-
Dividends
35 753
40 876
-
-
withholding
9 833
11 241
-
-
total
9 833
11 241
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 115
36 305
60 179
39 699
After tax
44 385
45 195
21 321
41 801
Living cost
18 466
18 466
18 466
18 466
Free-cash
25 919
26 729
2 855
23 335

Estimated living cost  is ₴18466 per week

₴12316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10188
₴16321
₴26495
₴18637
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
12 691
national
-
-
-
29 252
communal

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

-
-
-
4 128
total
-
-
-
46 071
Employee

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

37 486
-
63 124
-
communal

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

1 955
-
3 293
-
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.

1 761
-
2 967
-
national
11 525
-
22 285
-
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.

2 811
-
4 734
-
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.

326
-
549
-
total
18 378
-
33 828
-
Employer

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

37 486
-
63 124
-
surtax
4 250
-
7 158
-
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.

547
-
922
-
pensions

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

3 322
-
5 593
-
health

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

2 305
-
3 883
-
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.

487
-
820
-
total
10 911
-
18 376
-
Corporate
33 102
81 500
-
-
surtax
132
326
-
-
income
6 620
16 300
-
-
total
6 752
16 626
-
-
Dividends
26 350
64 874
-
-
withholding

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

7 714
19 271
-
-
total
7 714
19 271
-
-
Income
81 500
81 500
81 500
81 500
Total tax
43 755
35 897
52 204
46 071
After tax
37 745
45 603
29 296
35 429
Living cost
19 108
19 108
19 108
19 108
Free-cash
18 637
26 495
10 188
16 321

Estimated living cost  is ₴19108 per week

₴12308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24733
₴26932
₴35530
₴31745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
438
income
-
-
-
21 069
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 746
total
-
-
-
35 642
Employee
26 086
-
66 015
-
income
5 504
-
19 270
-
pensions
1 226
-
2 283
-
unemployment
405
-
753
-
other
26
-
49
-
total
7 161
-
22 355
-
Employer
26 086
-
66 015
-
other
208
-
389
-
unemployment
1 435
-
2 671
-
pensions
6 156
-
11 464
-
accident
516
-
962
-
total
8 315
-
15 486
-
Corporate
47 099
81 500
-
-
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.

7 065
12 225
-
-
total
7 065
12 225
-
-
Dividends
40 034
69 275
-
-
withholding
8 288
14 819
-
-
total
8 288
14 819
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 829
27 044
37 841
35 642
After tax
50 671
54 456
43 659
45 858
Living cost
18 926
18 926
18 926
18 926
Free-cash
31 745
35 530
24 733
26 932

Estimated living cost  is ₴18926 per week

₴13937
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16275
₴13026
₴19820
₴13660
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
687
income
-
-
-
12 174
health
-
-
-
5 726
communal
-
-
-
5 151
pensions
-
-
-
12 216
surtax
-
-
-
4 041
total
-
-
-
39 995
Employee
39 686
-
72 800
-
income
3 833
-
14 521
-
surtax
2 433
-
4 461
-
health
1 766
-
3 240
-
pensions
3 174
-
5 824
-
total
11 206
-
28 046
-
Employer
39 686
-
72 800
-
pensions
3 174
-
5 824
-
health
1 210
-
2 221
-
accident
357
-
655
-
total
4 741
-
8 700
-
Corporate
37 072
81 500
-
-
surtax
389
856
-
-
income
5 561
12 225
-
-
communal
2 502
5 502
-
-
total
8 452
18 583
-
-
Dividends
28 620
62 917
-
-
withholding
4 293
9 438
-
-
income
10 669
5 180
-
-
total
14 962
14 618
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 361
33 201
36 746
39 995
After tax
42 139
48 299
44 754
41 505
Living cost
28 479
28 479
28 479
28 479
Free-cash
13 660
19 820
16 275
13 026

Estimated living cost  is ₴28479 per week

₴21364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24061
₴26906
₴39492
₴37825
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
20 732
health
-
-
-
4 966
unemployment
-
-
-
119
other
-
-
-
-
pensions
-
-
-
13 989
surtax
-
-
-
3 017
total
-
-
-
42 823
Employee
17 648
-
67 327
-
income
2 959
-
18 035
-
surtax
63
-
2 568
-
health
451
-
1 717
-
pensions
1 177
-
4 491
-
unemployment
1 228
-
4 686
-
other
-
-
-
-
total
5 878
-
31 497
-
Employer
17 648
-
67 327
-
other
-
-
-
-
unemployment
560
-
2 134
-
pensions
2 353
-
8 974
-
health
803
-
3 063
-
total
3 716
-
14 171
-
Corporate
60 136
81 500
-
-
income
15 635
21 190
-
-
total
15 635
21 190
-
-
Dividends
44 501
60 310
-
-
withholding
6 675
9 047
-
-
total
6 675
9 047
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 904
30 237
45 668
42 823
After tax
49 596
51 263
35 832
38 677
Living cost
11 771
11 771
11 771
11 771
Free-cash
37 825
39 492
24 061
26 906

Estimated living cost  is ₴11771 per week

₴7107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
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.
₴3368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21505
₴25188
₴28720
₴27558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
20 962
national
-
-
-
19 520
regional
-
-
-
1 229
municipal
-
-
-
484
total
-
-
-
42 195
Employee
29 070
-
81 500
-
social contributions
9 803
-
27 482
-
municipal
154
-
433
-
regional
391
-
1 096
-
national
4 606
-
16 867
-
total
14 954
-
45 878
-
Employer
29 070
-
81 500
-
total
-
-
-
-
Corporate
52 430
81 500
-
-
nationa
12 583
19 560
-
-
municipal
2 606
4 051
-
-
total
15 189
23 611
-
-
Dividends
37 241
57 890
-
-
withholding
9 682
15 052
-
-
total
9 682
15 052
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 825
38 663
45 878
42 195
After tax
41 675
42 837
35 622
39 305
Living cost
14 117
14 117
14 117
14 117
Free-cash
27 558
28 720
21 505
25 188

Estimated living cost  is ₴14117 per week

₴8779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25235
₴27797
₴39990
₴34238
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
18 828
income
-
-
-
7 750
health
-
-
-
11 002
solidarity contribution
-
-
-
-
total
-
-
-
37 580
Employee
23 711
-
60 821
-
social contributions
1 541
-
3 953
-
income
2 845
-
7 299
-
health
3 201
-
8 211
-
solidarity contribution
-
-
-
-
total
7 587
-
19 463
-
Employer
23 711
-
60 821
-
health
2 134
-
5 474
-
social contributions
5 928
-
15 205
-
total
8 062
-
20 679
-
Corporate
49 728
81 500
-
-
income
9 448
15 485
-
-
total
9 448
15 485
-
-
Dividends
40 280
66 015
-
-
withholding
6 042
9 902
-
-
total
6 042
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 139
25 387
40 142
37 580
After tax
50 361
56 113
41 358
43 920
Living cost
16 123
16 123
16 123
16 123
Free-cash
34 238
39 990
25 235
27 797

Estimated living cost  is ₴16123 per week

₴11990
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4634
₴25185
₴28533
₴28276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
20 047
health
-
-
-
4 683
unemployment
-
-
-
3 214
pensions
-
-
-
11 326
surtax
-
-
-
-
chamber of commerce
-
-
-
326
total
-
-
-
39 596
Employee
22 908
20 884
63 699
-
income
2 041
1 540
15 831
-
health
886
809
2 369
-
pensions
2 346
2 138
6 269
-
unemployment
687
627
1 837
-
other
229
209
613
-
total
6 189
5 323
26 919
-
Employer
22 908
20 884
63 699
-
other
1 088
992
3 004
-
surtax
-
-
-
-
unemployment
687
627
1 837
-
pensions
2 875
2 621
7 683
-
payroll
687
627
1 911
-
health
866
790
2 314
-
accident
297
271
796
-
chamber of commerce
91
84
255
-
total
6 591
6 012
17 800
-
Corporate
51 999
54 605
61 710
-
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.

13 000
13 651
15 428
-
total
13 000
13 651
15 428
-
Dividends
38 999
40 953
-
-
withholding
10 725
11 262
-
-
total
10 725
11 262
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 505
36 248
60 147
39 596
After tax
44 995
45 252
21 353
41 904
Living cost
16 719
16 719
16 719
16 719
Free-cash
28 276
28 533
4 634
25 185

Estimated living cost  is ₴16719 per week

₴10030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58238
₴73723
₴70463
₴69158
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
81 500
microenterprise

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

-
-
-
815
total
-
-
-
815
Employee
8 702
-
81 500
-
income
1 740
-
16 300
-
total
1 740
-
16 300
-
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%.

72 798
81 500
-
-
total
-
-
-
-
Dividends
72 798
81 500
-
-
withholding
3 640
4 075
-
-
total
3 640
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
5 380
4 075
16 300
815
After tax
76 120
77 425
65 200
80 685
Living cost
6 962
6 962
6 962
6 962
Free-cash
69 158
70 463
58 238
73 723

Estimated living cost  is ₴6962 per week

₴4711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24139
₴26298
₴42057
₴37674
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
income
-
-
-
18 120
health
-
-
-
8 020
unemployment
-
-
-
122
pensions
-
-
-
14 884
total
-
-
-
41 146
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.

23 174
-
70 519
-
income
3 996
-
16 740
-
health
1 497
-
4 556
-
pensions
3 592
-
10 931
-
unemployment
33
-
98
-
total
9 118
-
32 325
-
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.

23 174
-
70 519
-
unemployment
14
-
43
-
pensions
2 051
-
6 240
-
health
1 543
-
4 697
-
total
3 608
-
10 980
-
Corporate
54 718
81 500
-
-
income
10 396
15 485
-
-
total
10 396
15 485
-
-
Dividends
44 322
66 015
-
-
withholding
6 648
9 902
-
-
total
6 648
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 770
25 387
43 305
41 146
After tax
51 730
56 113
38 195
40 354
Living cost
14 056
14 056
14 056
14 056
Free-cash
37 674
42 057
24 139
26 298

Estimated living cost  is ₴14056 per week

₴9647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49092
₴31487
₴24749
-₴4324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
9 291
income
-
-
-
15 886
total
-
-
-
25 177
Employee
35 612
-
-
-
social contributions
2 920
-
416
-
income
7 855
-
-
-
total
10 775
-
416
-
Employer
35 612
-
-
-
social contributions
50 213
-
7 156
-
total
50 213
-
7 156
-
Corporate
-
81 500
-
-
income
-
17 930
-
-
total
-
17 930
-
-
Dividends
-
63 570
-
-
income
-
13 985
-
-
total
-
13 985
-
-
Income
81 500
81 500
81 500
81 500
Total tax
60 988
31 915
7 572
25 177
After tax
20 512
49 585
73 928
56 323
Living cost
24 836
24 836
24 836
24 836
Free-cash
-4 324
24 749
49 092
31 487

Estimated living cost  is ₴24836 per week

₴16115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21724
₴27595
₴29920
₴29393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
social contributions

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

-
-
-
28 321
income
-
-
-
9 146
surtax
-
-
-
-
total
-
-
-
37 467
Employee
24 103
-
65 859
-
social contributions
2 651
-
7 245
-
income
5 013
-
20 452
-
surtax
-
-
-
-
total
7 664
-
27 697
-
Employer
24 103
-
65 859
-
social contributions
5 724
-
15 641
-
total
5 724
-
15 641
-
Corporate
51 673
81 500
-
-
surtax
-
-
-
-
income
10 851
17 115
-
-
total
10 851
17 115
-
-
Dividends
40 822
64 385
-
-
withholding
11 430
18 027
-
-
total
11 430
18 027
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 669
35 142
43 338
37 467
After tax
45 831
46 358
38 162
44 033
Living cost
16 438
16 438
16 438
16 438
Free-cash
29 393
29 920
21 724
27 595

Estimated living cost  is ₴16438 per week

₴12299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20685
₴20792
₴15766
₴19369
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
2 322
income
-
-
-
11 878
health
-
-
-
3 109
other
-
-
-
2 526
pensions
-
-
-
15 562
surtax
-
-
-
-
total
-
-
-
35 397
Employee
32 823
-
63 757
-
social contributions
935
-
1 817
-
income
2 864
-
11 793
-
surtax
-
-
-
-
pensions
3 712
-
4 151
-
total
7 511
-
17 761
-
Employer
32 823
-
63 757
-
other
1 133
-
2 367
-
unemployment
1 330
-
2 582
-
pensions
5 393
-
7 038
-
health
2 297
-
5 565
-
social contributions
98
-
191
-
total
10 251
-
17 743
-
Corporate
38 426
81 500
-
-
surtax
-
-
-
-
income
10 759
22 820
-
-
total
10 759
22 820
-
-
Dividends
27 667
58 680
-
-
withholding
3 541
7 511
-
-
surtax
-
-
-
-
social contributions
4 758
10 092
-
-
total
8 299
17 603
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 820
40 423
35 504
35 397
After tax
44 680
41 077
45 996
46 103
Living cost
25 311
25 311
25 311
25 311
Free-cash
19 369
15 766
20 685
20 792

Estimated living cost  is ₴25311 per week

₴17130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2071
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46808
₴44643
₴57597
₴55836
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
3 174
social contributions
-
-
-
17 930
total
-
-
-
21 104
Employee
16 848
-
70 563
-
social contributions
1 095
-
4 587
-
income
-
-
3 415
-
total
1 095
-
8 002
-
Employer
16 848
-
70 563
-
social contributions
2 612
-
10 937
-
total
2 612
-
10 937
-
Corporate
62 041
81 500
-
-
income
6 204
8 150
-
-
total
6 204
8 150
-
-
Dividends
55 837
73 350
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
9 911
8 150
18 939
21 104
After tax
71 589
73 350
62 561
60 396
Living cost
15 753
15 753
15 753
15 753
Free-cash
55 836
57 597
46 808
44 643

Estimated living cost  is ₴15753 per week

₴10186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴32476
₴23489
-₴32476
-₴32476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
national
-
-
-
9 220
pensions
-
-
-
453
labour market
-
-
-
6 484
municipal
-
-
-
16 661
total
-
-
-
32 818
Employee
106 336
106 336
106 336
-
municipal
22 644
22 644
22 644
-
national
12 991
12 991
12 991
-
pensions
151
151
151
-
labour market
8 495
8 495
8 495
-
total
44 281
44 281
44 281
-
Employer
106 336
106 336
106 336
-
national
13 013
13 013
13 013
-
pensions
302
302
302
-
labour market
8 507
8 507
8 507
-
municipal
22 680
22 680
22 680
-
total
44 502
44 502
44 502
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
88 783
88 783
88 783
32 818
After tax
-7 283
-7 283
-7 283
48 682
Living cost
25 193
25 193
25 193
25 193
Free-cash
-32 476
-32 476
-32 476
23 489

Estimated living cost  is ₴25193 per week

₴17243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32553
₴44410
-₴4740
₴4862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
132
income
-
-
-
22 104
health
-
-
-
1 141
other
-
-
-
194
pensions
-
-
-
2 177
total
-
-
-
25 748
Employee
17 842
-
72 738
-
income
2 448
-
16 523
-
health
2 043
-
8 328
-
pensions
2 009
-
3 992
-
total
6 500
-
28 843
-
Employer
17 842
-
72 738
-
unemployment
437
-
1 782
-
pensions
2 901
-
5 765
-
accident
298
-
1 215
-
total
3 636
-
8 762
-
Corporate
60 022
81 500
-
-
income

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

54 020
73 350
-
-
total
54 020
73 350
-
-
Dividends
6 002
8 150
-
-
withholding
1 140
1 548
-
-
total
1 140
1 548
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 296
74 898
37 605
25 748
After tax
16 204
6 602
43 895
55 752
Living cost
11 342
11 342
11 342
11 342
Free-cash
4 862
-4 740
32 553
44 410

Estimated living cost  is ₴11342 per week

₴8256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
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.
₴2227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23322
₴34017
₴31621
₴32678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
81 500
national
-
-
-
11 843
health
-
-
-
1 036
municipal
-
-
-
14 484
total
-
-
-
27 363
Employee
27 572
-
68 563
-
municipal
4 516
-
11 172
-
health
206
-
837
-
national
455
-
7 455
-
pensions
1 861
-
4 628
-
unemployment
414
-
1 028
-
total
7 452
-
25 120
-
Employer
27 572
-
68 563
-
unemployment
179
-
446
-
pensions
4 784
-
11 895
-
health
212
-
528
-
accident
28
-
69
-
total
5 203
-
12 938
-
Corporate
48 726
81 500
-
-
income
9 745
16 300
-
-
total
9 745
16 300
-
-
Dividends

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

29 236
48 900
-
-
municipal
5 263
8 802
-
-
national
1 039
4 657
-
-
total
6 302
13 459
-
-
Income
81 500
81 500
81 500
81 500
Total tax
28 702
29 759
38 058
27 363
After tax
52 798
51 741
43 442
54 137
Living cost
20 120
20 120
20 120
20 120
Free-cash
32 678
31 621
23 322
34 017

Estimated living cost  is ₴20120 per week

₴13142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴43368
₴44114
₴47359
₴44504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
8 479
income
-
-
-
14 696
health
-
-
-
2 078
total
-
-
-
25 253
Employee
40 298
40 298
75 591
-
social contributions
1 524
3 344
4 511
-
income
4 388
3 730
14 294
-
health
312
685
1 285
-
total
6 224
7 759
20 090
-
Employer
40 298
40 298
75 591
-
health
339
746
1 398
-
social contributions
1 524
3 344
4 511
-
total
1 863
4 090
5 909
-
Corporate
61 280
37 112
-
-
income
7 660
4 639
-
-
total
7 660
4 639
-
-
Dividends
53 621
32 473
-
-
withholding
9 116
5 520
-
-
total
9 116
5 520
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 863
22 008
25 999
25 253
After tax
56 637
59 492
55 501
56 247
Living cost
12 133
12 133
12 133
12 133
Free-cash
44 504
47 359
43 368
44 114

Estimated living cost  is ₴12133 per week

₴7272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1190
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49219
₴59731
₴59170
₴56505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
81 500
income
-
-
-
8 203
health
-
-
-
1 897
unemployment
-
-
-
15
pensions
-
-
-
3 334
total
-
-
-
13 449
Employee

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

12 029
-
76 378
-
income
822
-
6 904
-
health
1 022
-
4 227
-
pensions
1 804
-
7 459
-
unemployment
60
-
249
-
total
3 708
-
18 839
-
Employer

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

12 029
-
76 378
-
unemployment
60
-
249
-
pensions
661
-
2 735
-
health
517
-
2 138
-
total
1 238
-
5 122
-
Corporate
68 233
81 500
-
-
income
6 141
7 335
-
-
total
6 141
7 335
-
-
Dividends
62 092
74 165
-
-
withholding
5 588
6 675
-
-
total
5 588
6 675
-
-
Income
81 500
81 500
81 500
81 500
Total tax
16 675
14 010
23 961
13 449
After tax
64 825
67 490
57 539
68 051
Living cost
8 320
8 320
8 320
8 320
Free-cash
56 505
59 170
49 219
59 731

Estimated living cost  is ₴8320 per week

₴5309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29248
₴31447
₴40045
₴37687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
438
income
-
-
-
21 069
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 746
total
-
-
-
35 642
Employee
19 378
-
66 015
-
income
3 736
-
19 270
-
pensions
911
-
2 283
-
unemployment
300
-
753
-
other
19
-
49
-
total
4 966
-
22 355
-
Employer
19 378
-
66 015
-
other
155
-
389
-
unemployment
1 066
-
2 671
-
pensions
4 573
-
11 464
-
accident
384
-
962
-
total
6 178
-
15 486
-
Corporate
55 945
81 500
-
-
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.

8 392
12 225
-
-
total
8 392
12 225
-
-
Dividends
47 553
69 275
-
-
withholding
9 866
14 819
-
-
total
9 866
14 819
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 402
27 044
37 841
35 642
After tax
52 098
54 456
43 659
45 858
Living cost
14 411
14 411
14 411
14 411
Free-cash
37 687
40 045
29 248
31 447

Estimated living cost  is ₴14411 per week

₴9727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51511
₴51573
₴49973
₴49828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
27 933
health
-
-
-
467
pensions
-
-
-
644
total
-
-
-
29 044
Employee
1 345
-
80 776
-
income
260
-
27 899
-
health
67
-
161
-
pensions
121
-
290
-
unemployment
13
-
32
-
total
461
-
28 382
-
Employer
1 345
-
80 776
-
unemployment
27
-
64
-
pensions
148
-
354
-
health
128
-
306
-
total
303
-
724
-
Corporate
79 853
81 500
-
-
income
17 568
17 930
-
-
total
17 568
17 930
-
-
Dividends
62 285
63 570
-
-
withholding
12 457
12 714
-
-
total
12 457
12 714
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 789
30 644
29 106
29 044
After tax
50 711
50 856
52 394
52 456
Living cost
883
883
883
883
Free-cash
49 828
49 973
51 511
51 573

Estimated living cost  is ₴883 per week

₴525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴72
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39636
₴39635
₴49831
₴47256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
income
-
-
-
18 188
health
-
-
-
3 985
unemployment
-
-
-
580
pensions
-
-
-
10 059
total
-
-
-
32 812
Employee

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

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

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

13 652
-
74 575
-
income
1 882
-
18 188
-
health
703
-
1 992
-
pensions
1 911
-
5 416
-
unemployment
102
-
290
-
total
4 598
-
25 886
-
Employer

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

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

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

13 652
-
74 575
-
unemployment
102
-
290
-
pensions
1 638
-
4 643
-
health
703
-
1 992
-
total
2 443
-
6 925
-
Corporate
65 404
81 500
-
-
income
9 811
12 225
-
-
total
9 811
12 225
-
-
Dividends
55 594
69 275
-
-
withholding
8 339
10 391
-
-
total
8 339
10 391
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 191
22 616
32 811
32 812
After tax
56 309
58 884
48 689
48 688
Living cost
9 053
9 053
9 053
9 053
Free-cash
47 256
49 831
39 636
39 635

Estimated living cost  is ₴9053 per week

₴6096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24034
₴29905
₴32230
₴32040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
social contributions

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

-
-
-
28 321
income
-
-
-
9 146
surtax
-
-
-
-
total
-
-
-
37 467
Employee
20 340
-
65 859
-
social contributions
2 238
-
7 245
-
income
3 974
-
20 452
-
surtax
-
-
-
-
total
6 212
-
27 697
-
Employer
20 340
-
65 859
-
social contributions
4 830
-
15 641
-
total
4 830
-
15 641
-
Corporate
56 330
81 500
-
-
surtax
-
-
-
-
income
11 830
17 115
-
-
total
11 830
17 115
-
-
Dividends
44 500
64 385
-
-
withholding
12 460
18 027
-
-
total
12 460
18 027
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 332
35 142
43 338
37 467
After tax
46 168
46 358
38 162
44 033
Living cost
14 128
14 128
14 128
14 128
Free-cash
32 040
32 230
24 034
29 905

Estimated living cost  is ₴14128 per week

₴10007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
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.
₴2890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25241
₴27440
₴36038
₴32433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
438
income
-
-
-
21 069
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 746
total
-
-
-
35 642
Employee
25 310
-
66 015
-
income
5 286
-
19 270
-
pensions
1 189
-
2 283
-
unemployment
392
-
753
-
other
25
-
49
-
total
6 892
-
22 355
-
Employer
25 310
-
66 015
-
other
203
-
389
-
unemployment
1 392
-
2 671
-
pensions
5 973
-
11 464
-
accident
501
-
962
-
total
8 069
-
15 486
-
Corporate
48 121
81 500
-
-
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.

7 218
12 225
-
-
total
7 218
12 225
-
-
Dividends
40 903
69 275
-
-
withholding
8 470
14 819
-
-
total
8 470
14 819
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 649
27 044
37 841
35 642
After tax
50 851
54 456
43 659
45 858
Living cost
18 418
18 418
18 418
18 418
Free-cash
32 433
36 038
25 241
27 440

Estimated living cost  is ₴18418 per week

₴13227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴58594
₴55503
₴60753
₴57589
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
12 225
health
-
-
-
2 085
unemployment
-
-
-
73
pensions

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

-
-
-
2 684
total
-
-
-
17 067
Employee
11 825
-
77 942
-
income
1 183
-
7 794
-
accident

We are using the highest rate at 1.1%.

130
-
199
-
health
544
-
834
-
pensions

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

1 038
-
1 592
-
total
2 895
-
10 419
-
Employer
11 825
-
77 942
-
unemployment
71
-
109
-
pensions

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

1 303
-
1 998
-
health
816
-
1 251
-
accident

We are using the highest rate at 1.1%.

130
-
199
-
total
2 320
-
3 557
-
Corporate
67 355
81 500
-
-
income
6 735
8 150
-
-
total
6 735
8 150
-
-
Dividends
60 619
73 350
-
-
withholding
3 031
3 667
-
-
total
3 031
3 667
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 981
11 817
13 976
17 067
After tax
66 519
69 683
67 524
64 433
Living cost
8 930
8 930
8 930
8 930
Free-cash
57 589
60 753
58 594
55 503

Estimated living cost  is ₴8930 per week

₴5906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴511
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.
₴2300
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32375
₴24176
₴21730
₴28586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
income

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

-
-
-
23 993
health

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

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

-
-
-
3 580
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.

-
-
-
1 320
trade
-
-
-
8 199
total
-
-
-
37 092
Employee

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

26 075
-
81 500
-
income

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

2 144
-
23 993
-
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.

118
-
1 320
-
health

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

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

3 580
-
3 580
-
total
5 842
-
28 893
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 425
81 500
-
-
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.

457
672
-
-
income
8 314
12 225
-
-
chamber of commerce
161
199
-
-
trade
7 953
11 695
-
-
total
16 885
24 791
-
-
Dividends
38 539
56 708
-
-
withholding
9 436
13 978
-
-
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.

519
769
-
-
total
9 955
14 747
-
-
Income
81 500
81 500
81 500
81 500
Total tax
32 682
39 538
28 893
37 092
After tax
48 818
41 962
52 607
44 408
Living cost
20 232
20 232
20 232
20 232
Free-cash
28 586
21 730
32 375
24 176

Estimated living cost  is ₴20232 per week

₴13957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14362
₴14362
₴27197
₴28354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
23 938
social contributions
-
-
-
13 347
total
-
-
-
37 285
Employee
40 993
-
81 500
-
social contributions
3 406
-
13 347
-
income
7 735
-
23 938
-
total
11 141
-
37 285
-
Employer
40 993
-
81 500
-
total
-
-
-
-
Corporate
40 507
81 500
-
-
income
5 063
10 188
-
-
total
5 063
10 188
-
-
Dividends
35 444
71 312
-
-
withholding
7 089
14 262
-
-
total
7 089
14 262
-
-
Income
81 500
81 500
81 500
81 500
Total tax
23 293
24 450
37 285
37 285
After tax
58 207
57 050
44 215
44 215
Living cost
29 853
29 853
29 853
29 853
Free-cash
28 354
27 197
14 362
14 362

Estimated living cost  is ₴29853 per week

₴22711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39584
₴44346
₴31183
₴33014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
income
-
-
-
14 917
health

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

-
-
-
3 214
total
-
-
-
18 131
Employee
24 041
-
79 089
-
social contributions
2 409
-
2 411
-
income
2 609
-
18 071
-
total
5 018
-
20 482
-
Employer
24 041
-
79 089
-
social contributions
2 409
-
2 411
-
total
2 409
-
2 411
-
Corporate
55 051
81 500
-
-
income
19 267
28 525
-
-
total
19 267
28 525
-
-
Dividends
35 783
52 975
-
-
social contributions
2 769
2 769
-
-
total
2 769
2 769
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 463
31 294
22 893
18 131
After tax
52 037
50 206
58 607
63 369
Living cost
19 023
19 023
19 023
19 023
Free-cash
33 014
31 183
39 584
44 346

Estimated living cost  is ₴19023 per week

₴12531
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27900
₴35338
₴35009
₴38125
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
22 105
pensions
-
-
-
4 511
total
-
-
-
26 616
Employee
26 829
-
71 298
-
income
4 886
-
17 145
-
health
350
-
1 077
-
pensions
2 048
-
5 630
-
total
7 284
-
23 852
-
Employer
26 829
-
71 298
-
pensions
2 711
-
8 847
-
health
510
-
1 355
-
total
3 221
-
10 202
-
Corporate
51 450
81 500
-
-
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.

9 775
15 485
-
-
total
9 775
15 485
-
-
Dividends
41 675
66 015
-
-
withholding
3 549
11 460
-
-
total
3 549
11 460
-
-
Income
81 500
81 500
81 500
81 500
Total tax
23 829
26 945
34 054
26 616
After tax
57 671
54 555
47 446
54 884
Living cost
19 546
19 546
19 546
19 546
Free-cash
38 125
35 009
27 900
35 338

Estimated living cost  is ₴19546 per week

₴13408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1797
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.
₴4094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31430
₴43287
-₴5863
₴4690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
132
income
-
-
-
22 104
health
-
-
-
1 141
other
-
-
-
194
pensions
-
-
-
2 177
total
-
-
-
25 748
Employee
19 608
-
72 738
-
income
2 690
-
16 523
-
health
2 245
-
8 328
-
pensions
2 208
-
3 992
-
total
7 143
-
28 843
-
Employer
19 608
-
72 738
-
unemployment
480
-
1 782
-
pensions
3 188
-
5 765
-
accident
327
-
1 215
-
total
3 995
-
8 762
-
Corporate
57 896
81 500
-
-
income

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

52 107
73 350
-
-
total
52 107
73 350
-
-
Dividends
5 790
8 150
-
-
withholding
1 100
1 548
-
-
total
1 100
1 548
-
-
Income
81 500
81 500
81 500
81 500
Total tax
64 345
74 898
37 605
25 748
After tax
17 155
6 602
43 895
55 752
Living cost
12 465
12 465
12 465
12 465
Free-cash
4 690
-5 863
31 430
43 287

Estimated living cost  is ₴12465 per week

₴9148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴726
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.
₴2340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49629
₴38737
₴61505
₴59054
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
81 500
health insurance
-
-
-
6 031
income
-
-
-
13 274
work injury
-
-
-
407
unemployment
-
-
-
978
pensions
-
-
-
14 996
total
-
-
-
35 686
Employee

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

11 323
-
81 500
-
work injury
57
-
209
-
income
1 132
-
13 274
-
health insurance
838
-
3 100
-
pensions
2 083
-
7 708
-
unemployment
136
-
503
-
total
4 246
-
24 794
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 177
81 500
-
-
income

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

702
815
-
-
total
702
815
-
-
Dividends
69 476
80 685
-
-
withholding
10 421
12 103
-
-
total
10 421
12 103
-
-
Income
81 500
81 500
81 500
81 500
Total tax
15 369
12 918
24 794
35 686
After tax
66 131
68 582
56 706
45 814
Living cost
7 077
7 077
7 077
7 077
Free-cash
59 054
61 505
49 629
38 737

Estimated living cost  is ₴7077 per week

₴4384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14149
₴17741
₴22051
₴19666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
20 962
national
-
-
-
19 520
regional
-
-
-
1 855
municipal
-
-
-
545
total
-
-
-
42 882
Employee
44 160
-
81 500
-
social contributions
14 891
-
27 482
-
municipal
264
-
486
-
regional
667
-
1 639
-
national
7 463
-
16 867
-
total
23 285
-
46 474
-
Employer
44 160
-
81 500
-
total
-
-
-
-
Corporate
37 340
81 500
-
-
nationa
8 961
19 560
-
-
municipal
1 800
3 928
-
-
total
10 761
23 488
-
-
Dividends
26 578
58 012
-
-
withholding
6 911
15 084
-
-
total
6 911
15 084
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 957
38 572
46 474
42 882
After tax
40 543
42 928
35 026
38 618
Living cost
20 877
20 877
20 877
20 877
Free-cash
19 666
22 051
14 149
17 741

Estimated living cost  is ₴20877 per week

₴14665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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