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
₴26266
₴37293
₴28047
₴31686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 655
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.

-
-
-
1 356
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.

-
-
-
3 349
trade
-
-
-
9 246
total
-
-
-
38 606
Employee

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

18 749
-
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.

29
-
1 356
-
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.

524
-
24 655
-
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.

3 349
-
3 349
-
total
3 902
-
29 360
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 751
81 500
-
-
income
9 413
12 225
-
-
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.

518
673
-
-
chamber of commerce
165
192
-
-
trade
9 884
12 836
-
-
total
19 980
25 926
-
-
Dividends
42 772
55 575
-
-
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.

578
753
-
-
withholding
10 507
13 708
-
-
total
11 085
14 461
-
-
Income
81 500
81 500
81 500
81 500
Total tax
34 967
40 387
29 360
38 606
After tax
46 533
41 113
52 140
42 894
Living cost
14 847
14 847
14 847
14 847
Free-cash
31 686
26 266
37 293
28 047

Estimated living cost  is ₴14847 per week

₴9339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴24902
₴22924
₴22283
₴24469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 867
national
-
-
-
13 740
pensions
-
-
-
9 780
total
-
-
-
33 263
Employee
40 234
-
70 456
-
municipal
4 970
-
9 182
-
pensions
1 609
-
2 818
-
national
7 701
-
14 229
-
total
14 280
-
26 229
-
Employer
40 234
-
70 456
-
pensions
3 219
-
5 636
-
social contributions
433
-
757
-
total
3 652
-
6 393
-
Corporate
34 959
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%.

6 992
16 300
-
-
total
6 992
16 300
-
-
Dividends
27 967
65 200
-
-
withholding
6 153
14 344
-
-
total
6 153
14 344
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 077
30 644
32 622
33 263
After tax
50 423
50 856
48 878
48 237
Living cost
25 954
25 954
25 954
25 954
Free-cash
24 469
24 902
22 924
22 283

Estimated living cost  is ₴25954 per week

₴17641
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55002
₴23378
₴17510
₴50981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
14 228
surtax
-
-
-
20 783
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.

-
-
-
18 781
microenterprise
-
-
-
-
total
-
-
-
53 792
Employee
14 323
-
60 745
-
surtax
-
-
8 808
-
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.

1 576
-
6 426
-
income
2 550
-
11 935
-
total
4 126
-
27 169
-
Employer
14 323
-
60 745
-
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.

3 450
-
14 073
-
surtax
-
-
6 682
-
total
3 450
-
20 755
-
Corporate
63 726
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%.

12 745
16 300
-
-
total
12 745
16 300
-
-
Dividends

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

50 982
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
20 321
16 300
47 924
53 792
After tax
61 179
65 200
33 576
27 708
Living cost
10 198
10 198
10 198
10 198
Free-cash
50 981
55 002
23 378
17 510

Estimated living cost  is ₴10198 per week

₴6506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴971
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19743
₴29857
₴24796
₴16739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 381
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
36 169
Employee
41 860
41 860
72 390
-
pensions
7 535
5 743
5 743
-
income

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

6 852
6 852
10 210
-
health
6 425
5 465
6 045
-
total
20 812
18 060
21 998
-
Employer
41 860
41 860
72 390
-
health
2 910
2 910
3 616
-
pensions
2 913
2 913
3 621
-
unemployment
1 507
1 507
1 873
-
total
7 330
7 330
9 110
-
Corporate
32 824
32 310
-
-
income
6 565
6 462
-
-
total
6 565
6 462
-
-
Dividends
26 259
25 848
-
-
income
5 580
5 493
-
-
withholding
3 939
3 877
-
-
total
9 519
9 370
-
-
Income
81 500
81 500
81 500
81 500
Total tax
44 226
41 222
31 108
36 169
After tax
37 274
40 278
50 392
45 331
Living cost
20 534
20 534
20 534
20 534
Free-cash
16 739
19 743
29 857
24 796

Estimated living cost  is ₴20534 per week

₴14552
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.
₴327
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴24325
₴21653
₴22142
₴23872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 138
unemployment
-
-
-
44
health
-
-
-
2 759
municipal
-
-
-
20 484
national
-
-
-
5 891
pensions
-
-
-
4 780
total
-
-
-
39 184
Employee
28 746
-
67 608
-
municipal
8 572
-
20 161
-
national
-
-
5 620
-
total
8 572
-
25 781
-
Employer
28 746
-
67 608
-
health
1 768
-
2 719
-
pensions
3 107
-
4 780
-
accident
58
-
88
-
unemployment
759
-
1 167
-
other
3 340
-
5 138
-
total
9 032
-
13 892
-
Corporate
43 722
81 500
-
-
income
9 619
17 930
-
-
total
9 619
17 930
-
-
Dividends
34 103
63 570
-
-
withholding
10 231
19 071
-
-
total
10 231
19 071
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 454
37 001
39 673
39 184
After tax
44 046
44 499
41 827
42 316
Living cost
20 174
20 174
20 174
20 174
Free-cash
23 872
24 325
21 653
22 142

Estimated living cost  is ₴20174 per week

₴13371
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1980
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.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21437
₴32884
₴23227
₴28325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 655
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.

-
-
-
1 356
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.

-
-
-
3 349
trade
-
-
-
9 657
total
-
-
-
39 017
Employee

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

24 858
-
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.

117
-
1 356
-
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.

2 136
-
24 655
-
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.

3 349
-
3 349
-
total
5 602
-
29 360
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 642
81 500
-
-
income
8 497
12 225
-
-
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.

467
673
-
-
chamber of commerce
155
191
-
-
trade
9 318
13 407
-
-
total
18 437
26 496
-
-
Dividends
38 205
55 005
-
-
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.

515
746
-
-
withholding
9 365
13 565
-
-
total
9 880
14 311
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 919
40 807
29 360
39 017
After tax
47 581
40 693
52 140
42 483
Living cost
19 256
19 256
19 256
19 256
Free-cash
28 325
21 437
32 884
23 227

Estimated living cost  is ₴19256 per week

₴12879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4059
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43572
₴39320
₴40049
₴41538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 543
social contributions
-
-
-
7 931
health
-
-
-
2 078
total
-
-
-
25 552
Employee
37 693
37 693
75 877
-
social contributions
1 832
3 128
4 219
-
income
3 958
3 489
15 149
-
health
375
641
1 290
-
total
6 165
7 258
20 658
-
Employer
37 693
37 693
75 877
-
health
408
698
1 404
-
social contributions
1 832
3 128
4 219
-
total
2 240
3 826
5 623
-
Corporate
57 196
39 981
-
-
income
7 150
4 998
-
-
total
7 150
4 998
-
-
Dividends
50 047
34 983
-
-
withholding
8 508
5 947
-
-
total
8 508
5 947
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 063
22 029
26 281
25 552
After tax
57 437
59 471
55 219
55 948
Living cost
15 899
15 899
15 899
15 899
Free-cash
41 538
43 572
39 320
40 049

Estimated living cost  is ₴15899 per week

₴10869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
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.
₴3522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36823
₴38274
₴47488
₴37009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 222
health
-
-
-
5 705
pensions
-
-
-
8 150
total
-
-
-
25 040
Employee

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

The minimum wage is 138,000 HUF per month.

12 951
5 154
68 201
-
unemployment
194
77
1 023
-
pensions
1 295
515
6 820
-
income
1 583
630
8 338
-
health
907
361
4 774
-
total
3 979
1 583
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.

12 951
5 154
68 201
-
pensions
2 526
1 005
13 299
-
total
2 526
1 005
13 299
-
Corporate
66 023
75 340
-
-
income
5 942
6 781
-
-
total
5 942
6 781
-
-
Dividends
60 081
68 560
-
-
social contributions
11 657
13 310
-
-
withholding
11 415
13 026
-
-
total
23 072
26 336
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 519
35 705
34 254
25 040
After tax
45 981
45 795
47 246
56 460
Living cost
8 972
8 972
8 972
8 972
Free-cash
37 009
36 823
38 274
47 488

Estimated living cost  is ₴8972 per week

₴6123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53360
₴35134
₴31844
₴50316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
13 906
-
60 912
-
unemployment
222
-
975
-
pensions
278
-
1 219
-
income
1 566
-
11 744
-
total
2 066
-
13 938
-
Employer
13 906
-
60 912
-
health
1 807
-
7 919
-
pensions
2 781
-
12 182
-
unemployment
112
-
487
-
total
4 700
-
20 588
-
Corporate
62 894
81 500
-
-
income
12 578
16 300
-
-
total
12 578
16 300
-
-
Dividends
50 316
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
19 344
16 300
34 526
37 816
After tax
62 156
65 200
46 974
43 684
Living cost
11 840
11 840
11 840
11 840
Free-cash
50 316
53 360
35 134
31 844

Estimated living cost  is ₴11840 per week

₴8121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4309
₴33152
₴44825
₴4929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
22 311
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
25 765
Employee
17 162
-
73 028
-
pensions
1 933
-
3 784
-
income
2 354
-
16 819
-
health
1 965
-
8 362
-
total
6 252
-
28 965
-
Employer
17 162
-
73 028
-
pensions
2 791
-
5 464
-
accident
286
-
1 220
-
unemployment
420
-
1 789
-
total
3 497
-
8 473
-
Corporate
60 840
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.

54 756
73 350
-
-
total
54 756
73 350
-
-
Dividends
6 084
8 150
-
-
withholding
1 156
1 549
-
-
total
1 156
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 661
74 899
37 438
25 765
After tax
15 839
6 601
44 062
55 735
Living cost
10 910
10 910
10 910
10 910
Free-cash
4 929
-4 309
33 152
44 825

Estimated living cost  is ₴10910 per week

₴7996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73416
₴61191
₴76676
₴72665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 011
-
81 500
-
income
1 002
-
16 300
-
total
1 002
-
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%.

76 489
81 500
-
-
total
-
-
-
-
Dividends
76 489
81 500
-
-
withholding
3 824
4 075
-
-
total
3 824
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
4 826
4 075
16 300
815
After tax
76 674
77 425
65 200
80 685
Living cost
4 009
4 009
4 009
4 009
Free-cash
72 665
73 416
61 191
76 676

Estimated living cost  is ₴4009 per week

₴2484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴46817
₴33245
₴31605
₴43508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 124
other
-
-
-
3 540
health
-
-
-
3 280
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.

-
-
-
17 890
total
-
-
-
36 834
Employee
17 798
-
65 096
-
unemployment
178
-
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.

1 246
-
4 556
-
income
3 064
-
12 670
-
health
249
-
912
-
total
4 737
-
18 789
-
Employer
17 798
-
65 096
-
health
249
-
912
-
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.

3 026
-
11 066
-
accident
142
-
521
-
unemployment
178
-
651
-
other
890
-
3 255
-
total
4 485
-
16 405
-
Corporate
59 216
81 500
-
-
income
12 435
17 115
-
-
total
12 435
17 115
-
-
Dividends
46 781
64 385
-
-
withholding
3 274
4 507
-
-
total
3 274
4 507
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 931
21 622
35 194
36 834
After tax
56 569
59 878
46 306
44 666
Living cost
13 061
13 061
13 061
13 061
Free-cash
43 508
46 817
33 245
31 605

Estimated living cost  is ₴13061 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21197
₴14346
₴21747
₴21730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 820
pensions
-
-
-
4 301
total
-
-
-
27 121
Employee
46 170
-
71 236
-
pensions
4 454
-
5 323
-
income
8 323
-
17 885
-
health
761
-
1 050
-
total
13 538
-
24 258
-
Employer
46 170
-
71 236
-
health
877
-
1 354
-
pensions
5 451
-
8 910
-
total
6 328
-
10 264
-
Corporate
29 002
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.

5 510
15 485
-
-
total
5 510
15 485
-
-
Dividends
23 491
66 015
-
-
withholding
1 762
12 186
-
-
total
1 762
12 186
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 138
27 671
34 522
27 121
After tax
54 362
53 829
46 978
54 379
Living cost
32 632
32 632
32 632
32 632
Free-cash
21 730
21 197
14 346
21 747

Estimated living cost  is ₴32632 per week

₴24452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴63260
₴61427
₴58283
₴60983
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
16 794
Employee
8 505
-
78 143
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

747
-
1 503
-
income
850
-
7 814
-
health
391
-
787
-
total
2 082
-
10 292
-
Employer
8 505
-
78 143
-
health
587
-
1 181
-
pensions

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

937
-
1 886
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
unemployment
51
-
103
-
total
1 669
-
3 358
-
Corporate
71 326
81 500
-
-
income
7 133
8 150
-
-
total
7 133
8 150
-
-
Dividends
64 193
73 350
-
-
withholding
3 210
3 667
-
-
total
3 210
3 667
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 094
11 817
13 650
16 794
After tax
67 406
69 683
67 850
64 706
Living cost
6 423
6 423
6 423
6 423
Free-cash
60 983
63 260
61 427
58 283

Estimated living cost  is ₴6423 per week

₴3750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2044
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13097
₴23211
₴18150
₴14329
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 381
health
-
-
-
6 045
pensions
-
-
-
5 743
total
-
-
-
36 169
Employee
45 446
41 860
72 390
-
pensions
5 743
5 743
5 743
-
income

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

6 852
6 852
10 210
-
health
5 670
5 465
6 045
-
total
18 265
18 060
21 998
-
Employer
45 446
41 860
72 390
-
health
3 158
2 910
3 616
-
pensions
3 163
2 913
3 621
-
unemployment
1 636
1 507
1 873
-
total
7 957
7 330
9 110
-
Corporate
28 097
32 310
-
-
income
5 619
6 462
-
-
total
5 619
6 462
-
-
Dividends
22 477
25 848
-
-
income
4 777
5 493
-
-
withholding
3 372
3 877
-
-
total
8 149
9 370
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 990
41 222
31 108
36 169
After tax
41 510
40 278
50 392
45 331
Living cost
27 181
27 181
27 181
27 181
Free-cash
14 329
13 097
23 211
18 150

Estimated living cost  is ₴27181 per week

₴20051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
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.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43933
₴29356
₴32844
₴39588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 946
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
-
health
-
-
-
11 003
total
-
-
-
36 476
Employee
17 912
-
61 004
-
solidarity contribution
-
-
-
-
social contributions
1 164
-
3 902
-
income
2 149
-
7 330
-
health
2 418
-
8 236
-
total
5 731
-
19 468
-
Employer
17 912
-
61 004
-
health
1 612
-
5 490
-
social contributions
4 478
-
15 006
-
total
6 090
-
20 496
-
Corporate
57 498
81 500
-
-
income
10 925
15 485
-
-
total
10 925
15 485
-
-
Dividends
46 573
66 015
-
-
withholding
6 986
9 902
-
-
total
6 986
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 732
25 387
39 964
36 476
After tax
51 768
56 113
41 536
45 024
Living cost
12 180
12 180
12 180
12 180
Free-cash
39 588
43 933
29 356
32 844

Estimated living cost  is ₴12180 per week

₴8460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
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.
₴2614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22799
₴14869
₴18550
₴20240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 961
regional
-
-
-
957
municipal
-
-
-
485
national
-
-
-
19 863
total
-
-
-
42 266
Employee
43 564
-
81 500
-
municipal
231
-
433
-
national
7 549
-
17 189
-
regional
411
-
844
-
social contributions
14 690
-
27 481
-
total
22 881
-
45 947
-
Employer
43 564
-
81 500
-
total
-
-
-
-
Corporate
37 936
81 500
-
-
municipal
1 479
3 179
-
-
nationa
9 105
19 560
-
-
total
10 584
22 739
-
-
Dividends
27 352
58 762
-
-
withholding
7 111
15 278
-
-
total
7 111
15 278
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 576
38 017
45 947
42 266
After tax
40 924
43 483
35 553
39 234
Living cost
20 684
20 684
20 684
20 684
Free-cash
20 240
22 799
14 869
18 550

Estimated living cost  is ₴20684 per week

₴14418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
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.
₴4592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40447
₴24768
₴27814
₴38921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 763
other
-
-
-
-
surtax
-
-
-
3 265
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
42 869
Employee
16 210
-
67 729
-
other
-
-
-
-
unemployment
1 128
-
4 553
-
pensions
1 081
-
4 364
-
surtax
53
-
2 728
-
income
2 717
-
18 831
-
health
414
-
1 668
-
total
5 393
-
32 144
-
Employer
16 210
-
67 729
-
health
738
-
2 977
-
pensions
2 161
-
8 721
-
unemployment
513
-
2 073
-
other
-
-
-
-
total
3 412
-
13 771
-
Corporate
61 878
81 500
-
-
income
16 088
21 190
-
-
total
16 088
21 190
-
-
Dividends
45 790
60 310
-
-
withholding
6 869
9 046
-
-
total
6 869
9 046
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 762
30 236
45 915
42 869
After tax
49 738
51 264
35 585
38 631
Living cost
10 817
10 817
10 817
10 817
Free-cash
38 921
40 447
24 768
27 814

Estimated living cost  is ₴10817 per week

₴6614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31535
₴24684
₴32085
₴34758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 820
pensions
-
-
-
4 301
total
-
-
-
27 121
Employee
30 942
-
71 236
-
pensions
2 626
-
5 323
-
income
5 573
-
17 885
-
health
449
-
1 050
-
total
8 648
-
24 258
-
Employer
30 942
-
71 236
-
health
588
-
1 354
-
pensions
3 349
-
8 910
-
total
3 937
-
10 264
-
Corporate
46 621
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.

8 858
15 485
-
-
total
8 858
15 485
-
-
Dividends
37 763
66 015
-
-
withholding
3 005
12 186
-
-
total
3 005
12 186
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 448
27 671
34 522
27 121
After tax
57 052
53 829
46 978
54 379
Living cost
22 294
22 294
22 294
22 294
Free-cash
34 758
31 535
24 684
32 085

Estimated living cost  is ₴22294 per week

₴16702
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.
₴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.
₴3687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1467
₴23729
₴27689
₴15107
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
3 811
health
-
-
-
183
city
-
-
-
859
national
-
-
-
1 094
pensions
-
-
-
7 498
total
-
-
-
15 075
Employee
45 331
-
72 947
-
unemployment
-
-
-
-
pensions
3 808
-
6 128
-
national
215
-
904
-
regional
1 484
-
3 304
-
city
487
-
784
-
health
102
-
164
-
total
6 096
-
11 284
-
Employer
45 331
-
72 947
-
health
102
-
164
-
pensions
3 808
-
6 128
-
unemployment
-
-
-
-
other

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

906
-
1 459
-
total
4 816
-
7 751
-
Corporate
30 853
81 500
-
-
regional
6 525
17 237
-
-
national
2 623
6 927
-
-
total
9 148
24 164
-
-
Dividends
21 705
57 335
-
-
withholding
7 597
20 067
-
-
total
7 597
20 067
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 657
44 231
19 035
15 075
After tax
53 843
37 269
62 465
66 425
Living cost
38 736
38 736
38 736
38 736
Free-cash
15 107
-1 467
23 729
27 689

Estimated living cost  is ₴38736 per week

₴25190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17818
₴29684
₴19615
₴25767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 655
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.

-
-
-
1 356
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.

-
-
-
3 349
trade
-
-
-
10 069
total
-
-
-
39 429
Employee

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

29 459
-
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.

191
-
1 356
-
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.

3 464
-
24 655
-
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.

3 349
-
3 349
-
total
7 004
-
29 360
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 041
81 500
-
-
income
7 806
12 225
-
-
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.

430
673
-
-
chamber of commerce
148
189
-
-
trade
8 925
13 977
-
-
total
17 309
27 064
-
-
Dividends
34 731
54 436
-
-
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.

467
739
-
-
withholding
8 497
13 423
-
-
total
8 964
14 162
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 277
41 226
29 360
39 429
After tax
48 223
40 274
52 140
42 071
Living cost
22 456
22 456
22 456
22 456
Free-cash
25 767
17 818
29 684
19 615

Estimated living cost  is ₴22456 per week

₴16401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1796
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24305
₴28552
₴29236
₴27201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 356
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 295
pensions
-
-
-
14 994
total
-
-
-
35 493
Employee
20 979
-
63 423
-
pensions
2 372
-
4 267
-
surtax
-
-
-
-
social contributions
598
-
1 807
-
income
1 238
-
12 026
-
total
4 208
-
18 100
-
Employer
20 979
-
63 423
-
health
1 469
-
5 698
-
pensions
3 446
-
7 208
-
unemployment
849
-
2 568
-
social contributions
63
-
191
-
other
724
-
2 412
-
total
6 551
-
18 077
-
Corporate
53 969
81 500
-
-
income
15 111
22 820
-
-
surtax
-
-
-
-
total
15 111
22 820
-
-
Dividends
38 858
58 680
-
-
surtax
-
-
-
-
social contributions
6 684
10 093
-
-
withholding
4 974
7 511
-
-
total
11 658
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 528
40 424
36 177
35 493
After tax
43 972
41 076
45 323
46 007
Living cost
16 771
16 771
16 771
16 771
Free-cash
27 201
24 305
28 552
29 236

Estimated living cost  is ₴16771 per week

₴10575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25967
₴30214
₴30898
₴28690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 356
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 295
pensions
-
-
-
14 994
total
-
-
-
35 493
Employee
18 727
-
63 423
-
pensions
2 118
-
4 267
-
surtax
-
-
-
-
social contributions
534
-
1 807
-
income
966
-
12 026
-
total
3 618
-
18 100
-
Employer
18 727
-
63 423
-
health
1 311
-
5 698
-
pensions
3 077
-
7 208
-
unemployment
758
-
2 568
-
social contributions
56
-
191
-
other
646
-
2 412
-
total
5 848
-
18 077
-
Corporate
56 925
81 500
-
-
income
15 939
22 820
-
-
surtax
-
-
-
-
total
15 939
22 820
-
-
Dividends
40 986
58 680
-
-
surtax
-
-
-
-
social contributions
7 050
10 093
-
-
withholding
5 246
7 511
-
-
total
12 296
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 701
40 424
36 177
35 493
After tax
43 799
41 076
45 323
46 007
Living cost
15 109
15 109
15 109
15 109
Free-cash
28 690
25 967
30 214
30 898

Estimated living cost  is ₴15109 per week

₴8763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1535
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39328
₴40408
₴41946
₴39583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
11 247
health
-
-
-
5 688
total
-
-
-
29 160
Employee
16 620
-
81 500
-
social contributions
2 294
-
11 247
-
income
2 772
-
13 763
-
health
1 160
-
5 688
-
total
6 226
-
30 698
-
Employer
16 620
-
81 500
-
total
-
-
-
-
Corporate
64 880
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%.

3 244
4 075
-
-
total
3 244
4 075
-
-
Dividends
61 636
77 425
-
-
social contributions
8 506
10 684
-
-
withholding
9 245
11 614
-
-
health
4 302
5 405
-
-
total
22 053
27 703
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 523
31 778
30 698
29 160
After tax
49 977
49 722
50 802
52 340
Living cost
10 394
10 394
10 394
10 394
Free-cash
39 583
39 328
40 408
41 946

Estimated living cost  is ₴10394 per week

₴6956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27868
₴4291
₴24545
₴27108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 280
surtax
-
-
-
97
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
326
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
39 683
Employee
24 497
19 535
64 402
-
other
245
195
573
-
unemployment
735
586
1 718
-
pensions
2 509
2 000
5 864
-
income
2 789
1 441
16 832
-
health
948
756
2 216
-
total
7 226
4 978
27 203
-
Employer
24 497
19 535
64 402
-
chamber of commerce
98
78
258
-
health
926
739
2 165
-
pensions
3 074
2 452
7 187
-
accident
318
254
744
-
unemployment
735
586
1 718
-
surtax
97
97
97
-
payroll
735
586
1 932
-
other
1 164
927
2 998
-
total
7 147
5 719
17 099
-
Corporate
49 857
56 247
62 541
-
income

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

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

12 464
14 062
15 635
-
total
12 464
14 062
15 635
-
Dividends
37 393
42 184
-
-
withholding
10 283
11 601
-
-
total
10 283
11 601
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 120
36 360
59 937
39 683
After tax
44 380
45 140
21 563
41 817
Living cost
17 272
17 272
17 272
17 272
Free-cash
27 108
27 868
4 291
24 545

Estimated living cost  is ₴17272 per week

₴11520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27718
₴11092
₴17429
₴20365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
4 157
social contributions
-
-
-
12 221
national
-
-
-
29 820
total
-
-
-
46 198
Employee

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

35 063
-
63 123
-
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.

305
-
549
-
communal

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

1 829
-
3 292
-
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.

2 630
-
4 734
-
national
10 780
-
22 617
-
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.

1 647
-
2 966
-
total
17 191
-
34 158
-
Employer

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

35 063
-
63 123
-
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.

2 156
-
3 883
-
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.

3 107
-
5 592
-
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.

456
-
821
-
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.

512
-
922
-
surtax
3 976
-
7 159
-
total
10 207
-
18 377
-
Corporate
36 231
81 500
-
-
income
7 246
16 300
-
-
surtax
145
326
-
-
total
7 391
16 626
-
-
Dividends
28 839
64 874
-
-
withholding

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

8 473
19 283
-
-
total
8 473
19 283
-
-
Income
81 500
81 500
81 500
81 500
Total tax
43 262
35 909
52 535
46 198
After tax
38 238
45 591
28 965
35 302
Living cost
17 873
17 873
17 873
17 873
Free-cash
20 365
27 718
11 092
17 429

Estimated living cost  is ₴17873 per week

₴11512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4518
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36680
₴26030
₴28090
₴33231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
22 077
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
35 707
Employee
24 400
-
67 016
-
other
24
-
46
-
unemployment
379
-
704
-
pensions
1 147
-
2 136
-
income
5 148
-
20 395
-
total
6 698
-
23 281
-
Employer
24 400
-
67 016
-
pensions
5 758
-
10 723
-
accident
483
-
900
-
unemployment
1 342
-
2 499
-
other
194
-
364
-
total
7 777
-
14 486
-
Corporate
49 322
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.

7 398
12 225
-
-
total
7 398
12 225
-
-
Dividends
41 924
69 275
-
-
withholding
8 693
14 892
-
-
total
8 693
14 892
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 566
27 117
37 767
35 707
After tax
50 934
54 383
43 733
45 793
Living cost
17 703
17 703
17 703
17 703
Free-cash
33 231
36 680
26 030
28 090

Estimated living cost  is ₴17703 per week

₴13036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
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.
₴3155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21337
₴17448
₴14198
₴15295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
5 151
accident
-
-
-
687
income
-
-
-
12 843
surtax
-
-
-
4 041
health
-
-
-
5 725
pensions
-
-
-
12 216
total
-
-
-
40 663
Employee
37 121
-
72 801
-
pensions
2 969
-
5 824
-
surtax
2 275
-
4 461
-
income
3 586
-
15 189
-
health
1 652
-
3 240
-
total
10 482
-
28 714
-
Employer
37 121
-
72 801
-
health
1 132
-
2 220
-
pensions
2 969
-
5 824
-
accident
334
-
655
-
total
4 435
-
8 699
-
Corporate
39 944
81 500
-
-
communal
2 696
5 501
-
-
income
5 992
12 225
-
-
surtax
420
856
-
-
total
9 108
18 582
-
-
Dividends
30 837
62 918
-
-
income
10 915
5 504
-
-
withholding
4 626
9 438
-
-
total
15 541
14 942
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 566
33 524
37 413
40 663
After tax
41 934
47 976
44 087
40 837
Living cost
26 639
26 639
26 639
26 639
Free-cash
15 295
21 337
17 448
14 198

Estimated living cost  is ₴26639 per week

₴19983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40254
₴24575
₴27621
₴38694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 763
other
-
-
-
-
surtax
-
-
-
3 265
unemployment
-
-
-
112
health
-
-
-
4 645
pensions
-
-
-
13 084
total
-
-
-
42 869
Employee
16 508
-
67 729
-
other
-
-
-
-
unemployment
1 149
-
4 553
-
pensions
1 101
-
4 364
-
surtax
59
-
2 728
-
income
2 767
-
18 831
-
health
421
-
1 668
-
total
5 497
-
32 144
-
Employer
16 508
-
67 729
-
health
751
-
2 977
-
pensions
2 201
-
8 721
-
unemployment
524
-
2 073
-
other
-
-
-
-
total
3 476
-
13 771
-
Corporate
61 517
81 500
-
-
income
15 994
21 190
-
-
total
15 994
21 190
-
-
Dividends
45 523
60 310
-
-
withholding
6 829
9 046
-
-
total
6 829
9 046
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 796
30 236
45 915
42 869
After tax
49 704
51 264
35 585
38 631
Living cost
11 010
11 010
11 010
11 010
Free-cash
38 694
40 254
24 575
27 621

Estimated living cost  is ₴11010 per week

₴6647
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29634
₴22097
₴25758
₴28546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 961
regional
-
-
-
1 229
municipal
-
-
-
485
national
-
-
-
19 863
total
-
-
-
42 538
Employee
27 191
-
81 500
-
municipal
144
-
433
-
national
4 308
-
17 189
-
regional
366
-
1 096
-
social contributions
9 169
-
27 481
-
total
13 987
-
46 199
-
Employer
27 191
-
81 500
-
total
-
-
-
-
Corporate
54 309
81 500
-
-
municipal
2 699
4 050
-
-
nationa
13 034
19 560
-
-
total
15 733
23 610
-
-
Dividends
38 575
57 890
-
-
withholding
10 030
15 052
-
-
total
10 030
15 052
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 750
38 662
46 199
42 538
After tax
41 750
42 838
35 301
38 962
Living cost
13 204
13 204
13 204
13 204
Free-cash
28 546
29 634
22 097
25 758

Estimated living cost  is ₴13204 per week

₴8212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41104
₴26527
₴30015
₴35749
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 946
social contributions
-
-
-
17 527
solidarity contribution
-
-
-
-
health
-
-
-
11 003
total
-
-
-
36 476
Employee
22 072
-
61 004
-
solidarity contribution
-
-
-
-
social contributions
1 435
-
3 902
-
income
2 649
-
7 330
-
health
2 980
-
8 236
-
total
7 064
-
19 468
-
Employer
22 072
-
61 004
-
health
1 986
-
5 490
-
social contributions
5 518
-
15 006
-
total
7 504
-
20 496
-
Corporate
51 923
81 500
-
-
income
9 865
15 485
-
-
total
9 865
15 485
-
-
Dividends
42 058
66 015
-
-
withholding
6 309
9 902
-
-
total
6 309
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 742
25 387
39 964
36 476
After tax
50 758
56 113
41 536
45 024
Living cost
15 009
15 009
15 009
15 009
Free-cash
35 749
41 104
26 527
30 015

Estimated living cost  is ₴15009 per week

₴11162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
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.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29555
₴5953
₴26275
₴29310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 280
surtax
-
-
-
-
unemployment
-
-
-
3 006
chamber of commerce
-
-
-
326
health
-
-
-
4 380
pensions
-
-
-
10 594
total
-
-
-
39 586
Employee
21 427
19 535
64 492
-
other
214
195
573
-
unemployment
643
586
1 718
-
pensions
2 194
2 000
5 864
-
income
1 909
1 441
16 870
-
health
829
756
2 216
-
total
5 789
4 978
27 241
-
Employer
21 427
19 535
64 492
-
chamber of commerce
86
78
258
-
health
810
739
2 165
-
pensions
2 689
2 452
7 187
-
accident
278
254
744
-
unemployment
643
586
1 718
-
surtax
-
-
-
-
payroll
643
586
1 935
-
other
1 018
927
3 002
-
total
6 167
5 622
17 009
-
Corporate
53 906
56 343
62 632
-
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.

13 477
14 086
15 658
-
total
13 477
14 086
15 658
-
Dividends
40 429
42 257
-
-
withholding
11 118
11 620
-
-
total
11 118
11 620
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 551
36 306
59 908
39 586
After tax
44 949
45 194
21 592
41 914
Living cost
15 639
15 639
15 639
15 639
Free-cash
29 310
29 555
5 953
26 275

Estimated living cost  is ₴15639 per week

₴9381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1597
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.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71178
₴58953
₴74438
₴70006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 808
-
81 500
-
income
1 562
-
16 300
-
total
1 562
-
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%.

73 692
81 500
-
-
total
-
-
-
-
Dividends
73 692
81 500
-
-
withholding
3 685
4 075
-
-
total
3 685
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
5 247
4 075
16 300
815
After tax
76 253
77 425
65 200
80 685
Living cost
6 247
6 247
6 247
6 247
Free-cash
70 006
71 178
58 953
74 438

Estimated living cost  is ₴6247 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴42965
₴24743
₴26903
₴38865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 424
unemployment
-
-
-
122
health
-
-
-
8 019
pensions
-
-
-
14 884
total
-
-
-
41 449
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.

21 676
-
70 521
-
unemployment
31
-
99
-
pensions
3 360
-
10 931
-
income
3 738
-
17 043
-
health
1 400
-
4 556
-
total
8 529
-
32 629
-
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.

21 676
-
70 521
-
health
1 444
-
4 697
-
pensions
1 918
-
6 241
-
unemployment
13
-
42
-
total
3 375
-
10 980
-
Corporate
56 449
81 500
-
-
income
10 725
15 485
-
-
total
10 725
15 485
-
-
Dividends
45 724
66 015
-
-
withholding
6 858
9 902
-
-
total
6 858
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 487
25 387
43 609
41 449
After tax
52 013
56 113
37 891
40 051
Living cost
13 148
13 148
13 148
13 148
Free-cash
38 865
42 965
24 743
26 903

Estimated living cost  is ₴13148 per week

₴9023
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.
₴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.
₴3028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28086
₴53447
₴34824
₴4385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 886
social contributions
-
-
-
9 291
total
-
-
-
25 177
Employee
30 826
-
-
-
social contributions
2 528
-
360
-
income
6 800
-
-
-
total
9 328
-
360
-
Employer
30 826
-
-
-
social contributions
43 465
-
6 194
-
total
43 465
-
6 194
-
Corporate
7 210
81 500
-
-
income
1 586
17 930
-
-
total
1 586
17 930
-
-
Dividends
5 623
63 570
-
-
income
1 237
13 985
-
-
total
1 237
13 985
-
-
Income
81 500
81 500
81 500
81 500
Total tax
55 616
31 915
6 554
25 177
After tax
25 884
49 585
74 946
56 323
Living cost
21 499
21 499
21 499
21 499
Free-cash
4 385
28 086
53 447
34 824

Estimated living cost  is ₴21499 per week

₴13949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2022
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.
₴5253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30982
₴22403
₴28465
₴30488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 339
surtax
-
-
-
-
social contributions

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

-
-
-
28 321
total
-
-
-
37 660
Employee
22 545
-
65 858
-
surtax
-
-
-
-
social contributions
2 480
-
7 245
-
income
4 689
-
20 835
-
total
7 169
-
28 080
-
Employer
22 545
-
65 858
-
social contributions
5 354
-
15 642
-
total
5 354
-
15 642
-
Corporate
53 601
81 500
-
-
income
11 257
17 115
-
-
surtax
-
-
-
-
total
11 257
17 115
-
-
Dividends
42 345
64 385
-
-
withholding
11 857
18 028
-
-
total
11 857
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 637
35 143
43 722
37 660
After tax
45 863
46 357
37 778
43 840
Living cost
15 375
15 375
15 375
15 375
Free-cash
30 488
30 982
22 403
28 465

Estimated living cost  is ₴15375 per week

₴11504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
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.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17401
₴21648
₴22332
₴20771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 356
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 295
pensions
-
-
-
14 994
total
-
-
-
35 493
Employee
30 701
-
63 423
-
pensions
3 472
-
4 267
-
surtax
-
-
-
-
social contributions
874
-
1 807
-
income
2 679
-
12 026
-
total
7 025
-
18 100
-
Employer
30 701
-
63 423
-
health
2 149
-
5 698
-
pensions
5 045
-
7 208
-
unemployment
1 244
-
2 568
-
social contributions
92
-
191
-
other
1 060
-
2 412
-
total
9 590
-
18 077
-
Corporate
41 210
81 500
-
-
income
11 538
22 820
-
-
surtax
-
-
-
-
total
11 538
22 820
-
-
Dividends
29 672
58 680
-
-
surtax
-
-
-
-
social contributions
5 103
10 093
-
-
withholding
3 798
7 511
-
-
total
8 901
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 054
40 424
36 177
35 493
After tax
44 446
41 076
45 323
46 007
Living cost
23 675
23 675
23 675
23 675
Free-cash
20 771
17 401
21 648
22 332

Estimated living cost  is ₴23675 per week

₴16023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1937
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58615
₴47620
₴45455
₴56968
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 380
social contributions
-
-
-
17 930
total
-
-
-
21 310
Employee
15 759
-
70 563
-
income
-
-
3 621
-
social contributions
1 024
-
4 587
-
total
1 024
-
8 208
-
Employer
15 759
-
70 563
-
social contributions
2 443
-
10 937
-
total
2 443
-
10 937
-
Corporate
63 298
81 500
-
-
income
6 330
8 150
-
-
total
6 330
8 150
-
-
Dividends
56 968
73 350
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
9 797
8 150
19 145
21 310
After tax
71 703
73 350
62 355
60 190
Living cost
14 735
14 735
14 735
14 735
Free-cash
56 968
58 615
47 620
45 455

Estimated living cost  is ₴14735 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴25249
-₴25249
₴24748
-₴25249
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
6 486
municipal
-
-
-
16 834
national
-
-
-
9 411
pensions
-
-
-
425
total
-
-
-
33 156
Employee
99 593
99 593
99 593
-
municipal
21 208
21 208
21 208
-
labour market
7 956
7 956
7 956
-
pensions
142
142
142
-
national
12 167
12 167
12 167
-
total
41 473
41 473
41 473
-
Employer
99 593
99 593
99 593
-
national
12 188
12 188
12 188
-
labour market
7 967
7 967
7 967
-
pensions
283
283
283
-
municipal
21 242
21 242
21 242
-
total
41 680
41 680
41 680
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
83 153
83 153
83 153
33 156
After tax
-1 653
-1 653
-1 653
48 344
Living cost
23 596
23 596
23 596
23 596
Free-cash
-25 249
-25 249
-25 249
24 748

Estimated living cost  is ₴23596 per week

₴16149
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2087
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4148
₴33313
₴44986
₴4954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
22 311
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
25 765
Employee
16 909
-
73 028
-
pensions
1 904
-
3 784
-
income
2 320
-
16 819
-
health
1 936
-
8 362
-
total
6 160
-
28 965
-
Employer
16 909
-
73 028
-
pensions
2 749
-
5 464
-
accident
282
-
1 220
-
unemployment
414
-
1 789
-
total
3 445
-
8 473
-
Corporate
61 145
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.

55 030
73 350
-
-
total
55 030
73 350
-
-
Dividends
6 114
8 150
-
-
withholding
1 162
1 549
-
-
total
1 162
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 797
74 899
37 438
25 765
After tax
15 703
6 601
44 062
55 735
Living cost
10 749
10 749
10 749
10 749
Free-cash
4 954
-4 148
33 313
44 986

Estimated living cost  is ₴10749 per week

₴7824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32551
₴24241
₴34452
₴33669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 050
municipal
-
-
-
14 481
national
-
-
-
12 698
total
-
-
-
28 229
Employee
25 790
-
68 562
-
municipal
4 224
-
11 170
-
unemployment
387
-
1 029
-
pensions
1 740
-
4 628
-
national
426
-
7 823
-
health
193
-
851
-
total
6 970
-
25 501
-
Employer
25 790
-
68 562
-
health
198
-
528
-
pensions
4 474
-
11 896
-
accident
26
-
69
-
unemployment
167
-
446
-
total
4 865
-
12 939
-
Corporate
50 844
81 500
-
-
income
10 169
16 300
-
-
total
10 169
16 300
-
-
Dividends

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

30 507
48 900
-
-
municipal
5 491
8 802
-
-
national
1 517
5 028
-
-
total
7 008
13 830
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 012
30 130
38 440
28 229
After tax
52 488
51 370
43 060
53 271
Living cost
18 819
18 819
18 819
18 819
Free-cash
33 669
32 551
24 241
34 452

Estimated living cost  is ₴18819 per week

₴12293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48122
₴43870
₴44599
₴45455
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 543
social contributions
-
-
-
7 931
health
-
-
-
2 078
total
-
-
-
25 552
Employee
37 693
37 693
75 877
-
social contributions
1 425
3 128
4 219
-
income
4 104
3 489
15 149
-
health
292
641
1 290
-
total
5 821
7 258
20 658
-
Employer
37 693
37 693
75 877
-
health
317
698
1 404
-
social contributions
1 425
3 128
4 219
-
total
1 742
3 826
5 623
-
Corporate
62 587
39 981
-
-
income
7 823
4 998
-
-
total
7 823
4 998
-
-
Dividends
54 764
34 983
-
-
withholding
9 310
5 947
-
-
total
9 310
5 947
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 696
22 029
26 281
25 552
After tax
56 804
59 471
55 219
55 948
Living cost
11 349
11 349
11 349
11 349
Free-cash
45 455
48 122
43 870
44 599

Estimated living cost  is ₴11349 per week

₴6802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
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.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59707
₴50726
₴60559
₴57213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 252
unemployment
-
-
-
14
health
-
-
-
1 774
pensions
-
-
-
3 118
total
-
-
-
13 158
Employee

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

11 251
-
76 709
-
unemployment
56
-
233
-
pensions
1 687
-
6 977
-
income
769
-
7 037
-
health
956
-
3 953
-
total
3 468
-
18 200
-
Employer

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

11 251
-
76 709
-
health
484
-
2 000
-
pensions
619
-
2 558
-
unemployment
56
-
233
-
total
1 159
-
4 791
-
Corporate
69 090
81 500
-
-
income
6 218
7 335
-
-
total
6 218
7 335
-
-
Dividends
62 872
74 165
-
-
withholding
5 659
6 675
-
-
total
5 659
6 675
-
-
Income
81 500
81 500
81 500
81 500
Total tax
16 504
14 010
22 991
13 158
After tax
64 996
67 490
58 509
68 342
Living cost
7 783
7 783
7 783
7 783
Free-cash
57 213
59 707
50 726
60 559

Estimated living cost  is ₴7783 per week

₴4965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40904
₴30254
₴32314
₴38740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
22 077
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
35 707
Employee
18 125
-
67 016
-
other
18
-
46
-
unemployment
281
-
704
-
pensions
852
-
2 136
-
income
3 494
-
20 395
-
total
4 645
-
23 281
-
Employer
18 125
-
67 016
-
pensions
4 277
-
10 723
-
accident
359
-
900
-
unemployment
997
-
2 499
-
other
145
-
364
-
total
5 778
-
14 486
-
Corporate
57 597
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.

8 640
12 225
-
-
total
8 640
12 225
-
-
Dividends
48 957
69 275
-
-
withholding
10 218
14 892
-
-
total
10 218
14 892
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 281
27 117
37 767
35 707
After tax
52 219
54 383
43 733
45 793
Living cost
13 479
13 479
13 479
13 479
Free-cash
38 740
40 904
30 254
32 314

Estimated living cost  is ₴13479 per week

₴9098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49895
₴51382
₴51450
₴49737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 880
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
29 089
Employee
1 463
-
80 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
27 844
-
health
73
-
175
-
total
503
-
28 369
-
Employer
1 463
-
80 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
79 708
81 500
-
-
income
17 536
17 930
-
-
total
17 536
17 930
-
-
Dividends
62 172
63 570
-
-
withholding
12 434
12 714
-
-
total
12 434
12 714
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 802
30 644
29 157
29 089
After tax
50 698
50 856
52 343
52 411
Living cost
961
961
961
961
Free-cash
49 737
49 895
51 382
51 450

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50403
₴40993
₴40992
₴47989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 327
unemployment
-
-
-
544
health
-
-
-
3 733
pensions
-
-
-
9 423
total
-
-
-
32 027
Employee

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

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

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

12 788
-
75 013
-
unemployment
96
-
272
-
pensions
1 790
-
5 074
-
income
1 763
-
18 327
-
health
659
-
1 866
-
total
4 308
-
25 539
-
Employer

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

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

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

12 788
-
75 013
-
health
659
-
1 866
-
pensions
1 535
-
4 349
-
unemployment
96
-
272
-
total
2 290
-
6 487
-
Corporate
66 423
81 500
-
-
income
9 963
12 225
-
-
total
9 963
12 225
-
-
Dividends
56 459
69 275
-
-
withholding
8 469
10 391
-
-
total
8 469
10 391
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 030
22 616
32 026
32 027
After tax
56 470
58 884
49 474
49 473
Living cost
8 481
8 481
8 481
8 481
Free-cash
47 989
50 403
40 993
40 992

Estimated living cost  is ₴8481 per week

₴5710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴1869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33142
₴24563
₴30625
₴32966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 339
surtax
-
-
-
-
social contributions

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

-
-
-
28 321
total
-
-
-
37 660
Employee
19 025
-
65 858
-
surtax
-
-
-
-
social contributions
2 093
-
7 245
-
income
3 717
-
20 835
-
total
5 810
-
28 080
-
Employer
19 025
-
65 858
-
social contributions
4 518
-
15 642
-
total
4 518
-
15 642
-
Corporate
57 957
81 500
-
-
income
12 171
17 115
-
-
surtax
-
-
-
-
total
12 171
17 115
-
-
Dividends
45 786
64 385
-
-
withholding
12 820
18 028
-
-
total
12 820
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 319
35 143
43 722
37 660
After tax
46 181
46 357
37 778
43 840
Living cost
13 215
13 215
13 215
13 215
Free-cash
32 966
33 142
24 563
30 625

Estimated living cost  is ₴13215 per week

₴9360
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37156
₴26506
₴28566
₴33872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
409
income
-
-
-
22 077
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 857
total
-
-
-
35 707
Employee
23 674
-
67 016
-
other
23
-
46
-
unemployment
367
-
704
-
pensions
1 113
-
2 136
-
income
4 945
-
20 395
-
total
6 448
-
23 281
-
Employer
23 674
-
67 016
-
pensions
5 587
-
10 723
-
accident
469
-
900
-
unemployment
1 302
-
2 499
-
other
190
-
364
-
total
7 548
-
14 486
-
Corporate
50 279
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.

7 542
12 225
-
-
total
7 542
12 225
-
-
Dividends
42 736
69 275
-
-
withholding
8 863
14 892
-
-
total
8 863
14 892
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 401
27 117
37 767
35 707
After tax
51 099
54 383
43 733
45 793
Living cost
17 227
17 227
17 227
17 227
Free-cash
33 872
37 156
26 506
28 566

Estimated living cost  is ₴17227 per week

₴12372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61256
₴59423
₴56279
₴58269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
68
health
-
-
-
1 968
pensions

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

-
-
-
2 533
total
-
-
-
16 794
Employee
11 159
-
78 143
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

980
-
1 503
-
income
1 116
-
7 814
-
health
513
-
787
-
total
2 732
-
10 292
-
Employer
11 159
-
78 143
-
health
770
-
1 181
-
pensions

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

1 230
-
1 886
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
unemployment
67
-
103
-
total
2 190
-
3 358
-
Corporate
68 151
81 500
-
-
income
6 815
8 150
-
-
total
6 815
8 150
-
-
Dividends
61 336
73 350
-
-
withholding
3 067
3 667
-
-
total
3 067
3 667
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 804
11 817
13 650
16 794
After tax
66 696
69 683
67 850
64 706
Living cost
8 427
8 427
8 427
8 427
Free-cash
58 269
61 256
59 423
56 279

Estimated living cost  is ₴8427 per week

₴5574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23027
₴33215
₴24790
₴29439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 655
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.

-
-
-
1 356
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.

-
-
-
3 349
trade
-
-
-
8 425
total
-
-
-
37 785
Employee

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

24 390
-
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.

111
-
1 356
-
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.

2 006
-
24 655
-
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.

3 349
-
3 349
-
total
5 466
-
29 360
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 110
81 500
-
-
income
8 566
12 225
-
-
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.

471
673
-
-
chamber of commerce
158
193
-
-
trade
8 195
11 696
-
-
total
17 390
24 787
-
-
Dividends
39 720
56 713
-
-
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.

536
769
-
-
withholding
9 744
13 992
-
-
total
10 280
14 761
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 136
39 548
29 360
37 785
After tax
48 364
41 952
52 140
43 715
Living cost
18 925
18 925
18 925
18 925
Free-cash
29 439
23 027
33 215
24 790

Estimated living cost  is ₴18925 per week

₴13055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
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.
₴3559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29127
₴15594
₴15594
₴30210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 498
social contributions
-
-
-
13 485
total
-
-
-
37 983
Employee
38 343
-
81 500
-
income
7 235
-
24 498
-
social contributions
3 186
-
13 485
-
total
10 421
-
37 983
-
Employer
38 343
-
81 500
-
total
-
-
-
-
Corporate
43 157
81 500
-
-
income
5 394
10 188
-
-
total
5 394
10 188
-
-
Dividends
37 762
71 312
-
-
withholding
7 552
14 262
-
-
total
7 552
14 262
-
-
Income
81 500
81 500
81 500
81 500
Total tax
23 367
24 450
37 983
37 983
After tax
58 133
57 050
43 517
43 517
Living cost
27 923
27 923
27 923
27 923
Free-cash
30 210
29 127
15 594
15 594

Estimated living cost  is ₴27923 per week

₴21243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
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.
₴4138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32591
₴40449
₴46771
₴34304
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 953
health

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

-
-
-
2 982
total
-
-
-
16 935
Employee
22 487
-
79 245
-
income
2 440
-
18 747
-
social contributions
2 253
-
2 255
-
total
4 693
-
21 002
-
Employer
22 487
-
79 245
-
social contributions
2 253
-
2 255
-
total
2 253
-
2 255
-
Corporate
56 760
81 500
-
-
income
19 866
28 525
-
-
total
19 866
28 525
-
-
Dividends
36 895
52 975
-
-
social contributions
2 590
2 590
-
-
total
2 590
2 590
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 402
31 115
23 257
16 935
After tax
52 098
50 385
58 243
64 565
Living cost
17 794
17 794
17 794
17 794
Free-cash
34 304
32 591
40 449
46 771

Estimated living cost  is ₴17794 per week

₴11721
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴4397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35705
₴28854
₴36255
₴38594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 820
pensions
-
-
-
4 301
total
-
-
-
27 121
Employee
24 878
-
71 236
-
pensions
1 899
-
5 323
-
income
4 530
-
17 885
-
health
325
-
1 050
-
total
6 754
-
24 258
-
Employer
24 878
-
71 236
-
health
473
-
1 354
-
pensions
2 513
-
8 910
-
total
2 986
-
10 264
-
Corporate
53 636
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.

10 191
15 485
-
-
total
10 191
15 485
-
-
Dividends
43 445
66 015
-
-
withholding
4 851
12 186
-
-
total
4 851
12 186
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 782
27 671
34 522
27 121
After tax
56 718
53 829
46 978
54 379
Living cost
18 124
18 124
18 124
18 124
Free-cash
38 594
35 705
28 854
36 255

Estimated living cost  is ₴18124 per week

₴12433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5212
₴32249
₴43922
₴4792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
125
income
-
-
-
22 311
other
-
-
-
184
health
-
-
-
1 082
pensions
-
-
-
2 063
total
-
-
-
25 765
Employee
18 583
-
73 028
-
pensions
2 092
-
3 784
-
income
2 549
-
16 819
-
health
2 128
-
8 362
-
total
6 769
-
28 965
-
Employer
18 583
-
73 028
-
pensions
3 021
-
5 464
-
accident
310
-
1 220
-
unemployment
455
-
1 789
-
total
3 786
-
8 473
-
Corporate
59 130
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.

53 217
73 350
-
-
total
53 217
73 350
-
-
Dividends
5 913
8 150
-
-
withholding
1 123
1 549
-
-
total
1 123
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
64 895
74 899
37 438
25 765
After tax
16 605
6 601
44 062
55 735
Living cost
11 813
11 813
11 813
11 813
Free-cash
4 792
-5 212
32 249
43 922

Estimated living cost  is ₴11813 per week

₴8670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61960
₴50734
₴39953
₴59666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 364
unemployment
-
-
-
941
work injury
-
-
-
392
health insurance
-
-
-
5 802
pensions
-
-
-
14 426
total
-
-
-
34 925
Employee

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

10 595
-
81 500
-
health insurance
784
-
2 901
-
unemployment
127
-
470
-
work injury
53
-
196
-
pensions
1 950
-
7 213
-
income
1 060
-
13 364
-
total
3 974
-
24 144
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 905
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%.

709
815
-
-
total
709
815
-
-
Dividends
70 196
80 685
-
-
withholding
10 529
12 103
-
-
total
10 529
12 103
-
-
Income
81 500
81 500
81 500
81 500
Total tax
15 212
12 918
24 144
34 925
After tax
66 288
68 582
57 356
46 575
Living cost
6 622
6 622
6 622
6 622
Free-cash
59 666
61 960
50 734
39 953

Estimated living cost  is ₴6622 per week

₴4102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23401
₴15164
₴18741
₴21170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
20 961
regional
-
-
-
1 862
municipal
-
-
-
545
national
-
-
-
19 863
total
-
-
-
43 231
Employee
41 306
-
81 500
-
municipal
247
-
487
-
national
6 980
-
17 189
-
regional
624
-
1 651
-
social contributions
13 928
-
27 481
-
total
21 779
-
46 808
-
Employer
41 306
-
81 500
-
total
-
-
-
-
Corporate
40 194
81 500
-
-
municipal
1 938
3 928
-
-
nationa
9 646
19 560
-
-
total
11 584
23 488
-
-
Dividends
28 610
58 012
-
-
withholding
7 439
15 083
-
-
total
7 439
15 083
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 802
38 571
46 808
43 231
After tax
40 698
42 929
34 692
38 269
Living cost
19 528
19 528
19 528
19 528
Free-cash
21 170
23 401
15 164
18 741

Estimated living cost  is ₴19528 per week

₴13717
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.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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