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
₴27841
₴25604
₴31270
₴36926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 500
trade
-
-
-
9 085
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.

-
-
-
1 333
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.

-
-
-
24 225
total
-
-
-
38 143
Employee

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

19 593
-
81 500
-
health

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

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

3 500
-
3 500
-
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.

30
-
1 333
-
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.

547
-
24 225
-
total
4 077
-
29 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
61 907
81 500
-
-
trade
9 750
12 837
-
-
chamber of commerce
167
194
-
-
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.

510
673
-
-
income
9 286
12 225
-
-
total
19 713
25 929
-
-
Dividends
42 193
55 571
-
-
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.

570
753
-
-
withholding
10 354
13 698
-
-
total
10 924
14 451
-
-
Income
81 500
81 500
81 500
81 500
Total tax
34 714
40 380
29 058
38 143
After tax
46 786
41 120
52 442
43 357
Living cost
15 516
15 516
15 516
15 516
Free-cash
31 270
25 604
36 926
27 841

Estimated living cost  is ₴15516 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21359
₴23916
₴23469
₴22000
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 843
social contributions
-
-
-
876
national
-
-
-
13 702
pensions
-
-
-
9 780
total
-
-
-
33 201
Employee
41 762
-
70 456
-
pensions
1 670
-
2 818
-
national
7 993
-
14 191
-
municipal
5 158
-
9 158
-
total
14 821
-
26 167
-
Employer
41 762
-
70 456
-
pensions
3 341
-
5 636
-
social contributions
449
-
757
-
total
3 790
-
6 393
-
Corporate
33 192
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%.

6 638
16 300
-
-
total
6 638
16 300
-
-
Dividends
26 554
65 200
-
-
withholding
5 842
14 344
-
-
total
5 842
14 344
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 091
30 644
32 560
33 201
After tax
50 409
50 856
48 940
48 299
Living cost
26 940
26 940
26 940
26 940
Free-cash
23 469
23 916
22 000
21 359

Estimated living cost  is ₴26940 per week

₴18311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16717
₴54543
₴50339
₴38423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
81 500
social contributions

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

-
-
-
19 627
income
-
-
-
13 717
microenterprise
-
-
-
-
surtax
-
-
-
20 782
total
-
-
-
54 126
Employee
14 968
-
59 402
-
surtax
-
-
-
-
social contributions

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

1 647
-
6 534
-
income
2 665
-
11 576
-
total
4 312
-
18 110
-
Employer
14 968
-
59 402
-
surtax
-
-
-
-
social contributions

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

3 606
-
14 310
-
total
3 606
-
14 310
-
Corporate
62 926
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%.

12 586
16 300
-
-
total
12 586
16 300
-
-
Dividends

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

50 341
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
20 504
16 300
32 420
54 126
After tax
60 996
65 200
49 080
27 374
Living cost
10 657
10 657
10 657
10 657
Free-cash
50 339
54 543
38 423
16 717

Estimated living cost  is ₴10657 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24142
₴18761
₴15623
₴28511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 317
pensions
-
-
-
6 002
income
-
-
-
23 580
total
-
-
-
35 899
Employee
43 744
43 744
71 980
-
health
6 714
5 711
6 317
-
pensions
7 874
6 002
6 002
-
income

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

7 160
7 160
9 691
-
total
21 748
18 873
22 010
-
Employer
43 744
43 744
71 980
-
health
3 041
3 041
3 779
-
pensions
3 045
3 045
3 784
-
unemployment
1 575
1 575
1 957
-
total
7 661
7 661
9 520
-
Corporate
30 632
30 096
-
-
income
6 126
6 019
-
-
total
6 126
6 019
-
-
Dividends
24 506
24 076
-
-
income
5 208
5 116
-
-
withholding
3 675
3 611
-
-
total
8 883
8 727
-
-
Income
81 500
81 500
81 500
81 500
Total tax
44 418
41 280
31 530
35 899
After tax
37 082
40 220
49 970
45 601
Living cost
21 459
21 459
21 459
21 459
Free-cash
15 623
18 761
28 511
24 142

Estimated living cost  is ₴21459 per week

₴15207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴21231
₴23073
₴22592
₴20710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 930
accident
-
-
-
94
other
-
-
-
5 457
municipal
-
-
-
20 247
pensions
-
-
-
5 076
national
-
-
-
4 992
unemployment
-
-
-
47
total
-
-
-
38 843
Employee
30 530
-
66 746
-
national
-
-
4 705
-
municipal
9 104
-
19 904
-
total
9 104
-
24 609
-
Employer
30 530
-
66 746
-
health
1 878
-
2 888
-
accident
61
-
94
-
pensions
3 300
-
5 076
-
other
3 548
-
5 457
-
unemployment
806
-
1 240
-
total
9 593
-
14 755
-
Corporate
41 378
81 500
-
-
income
9 103
17 930
-
-
total
9 103
17 930
-
-
Dividends
32 275
63 570
-
-
withholding
9 682
19 071
-
-
total
9 682
19 071
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 482
37 001
39 364
38 843
After tax
44 018
44 499
42 136
42 657
Living cost
21 426
21 426
21 426
21 426
Free-cash
22 592
23 073
20 710
21 231

Estimated living cost  is ₴21426 per week

₴14200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
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.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22830
₴20577
₴27774
₴32319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 500
trade
-
-
-
9 489
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.

-
-
-
1 333
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.

-
-
-
24 225
total
-
-
-
38 547
Employee

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

25 977
-
81 500
-
health

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

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

3 500
-
3 500
-
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.

122
-
1 333
-
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.

2 232
-
24 225
-
total
5 854
-
29 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
55 523
81 500
-
-
trade
9 134
13 407
-
-
chamber of commerce
157
193
-
-
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.

458
673
-
-
income
8 328
12 225
-
-
total
18 077
26 498
-
-
Dividends
37 447
55 002
-
-
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.

505
746
-
-
withholding
9 167
13 556
-
-
total
9 672
14 302
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 603
40 800
29 058
38 547
After tax
47 897
40 700
52 442
42 953
Living cost
20 123
20 123
20 123
20 123
Free-cash
27 774
20 577
32 319
22 830

Estimated living cost  is ₴20123 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
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.
₴4242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴39528
₴42869
₴40744
₴38788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 078
social contributions
-
-
-
8 288
income
-
-
-
14 991
total
-
-
-
25 357
Employee
39 390
39 390
75 691
-
health
392
670
1 287
-
social contributions
1 914
3 269
4 409
-
income
4 136
3 646
14 592
-
total
6 442
7 585
20 288
-
Employer
39 390
39 390
75 691
-
health
427
729
1 400
-
social contributions
1 914
3 269
4 409
-
total
2 341
3 998
5 809
-
Corporate
56 102
38 112
-
-
income
7 013
4 764
-
-
total
7 013
4 764
-
-
Dividends
49 090
33 348
-
-
withholding
8 345
5 669
-
-
total
8 345
5 669
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 141
22 016
26 097
25 357
After tax
57 359
59 484
55 403
56 143
Living cost
16 615
16 615
16 615
16 615
Free-cash
40 744
42 869
38 788
39 528

Estimated living cost  is ₴16615 per week

₴11358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
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.
₴3680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47087
₴36429
₴36625
₴37873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 705
pensions
-
-
-
8 150
unemployment
-
-
-
1 222
income
-
-
-
9 963
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.

13 531
5 385
68 201
-
health
947
377
4 774
-
pensions
1 353
538
6 820
-
unemployment
203
81
1 023
-
income
1 654
658
8 338
-
total
4 157
1 654
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.

13 531
5 385
68 201
-
pensions
2 638
1 050
13 299
-
total
2 638
1 050
13 299
-
Corporate
65 331
75 065
-
-
income
5 880
6 756
-
-
total
5 880
6 756
-
-
Dividends
59 451
68 309
-
-
social contributions
11 531
13 259
-
-
withholding
11 296
12 979
-
-
total
22 827
26 238
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 502
35 698
34 254
25 040
After tax
45 998
45 802
47 246
56 460
Living cost
9 373
9 373
9 373
9 373
Free-cash
36 625
36 429
37 873
47 087

Estimated living cost  is ₴9373 per week

₴6396
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31311
₴52827
₴49643
₴34602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
10 595
pensions
-
-
-
16 300
income
-
-
-
10 921
total
-
-
-
37 816
Employee
14 532
-
60 912
-
pensions
291
-
1 218
-
unemployment
232
-
975
-
income
1 636
-
11 744
-
total
2 159
-
13 937
-
Employer
14 532
-
60 912
-
health
1 889
-
7 919
-
pensions
2 907
-
12 182
-
unemployment
117
-
487
-
total
4 913
-
20 588
-
Corporate
62 056
81 500
-
-
income
12 412
16 300
-
-
total
12 412
16 300
-
-
Dividends
49 645
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
19 484
16 300
34 525
37 816
After tax
62 016
65 200
46 975
43 684
Living cost
12 373
12 373
12 373
12 373
Free-cash
49 643
52 827
34 602
31 311

Estimated living cost  is ₴12373 per week

₴8486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
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.
₴2901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44382
-₴4764
₴4860
₴32568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 127
accident
-
-
-
130
other
-
-
-
191
pensions
-
-
-
2 150
income
-
-
-
22 154
total
-
-
-
25 752
Employee
17 880
-
72 808
-
health
2 047
-
8 337
-
pensions
2 013
-
3 942
-
income
2 453
-
16 595
-
total
6 513
-
28 874
-
Employer
17 880
-
72 808
-
accident
298
-
1 216
-
pensions
2 907
-
5 692
-
unemployment
438
-
1 784
-
total
3 643
-
8 692
-
Corporate
59 976
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.

53 979
73 350
-
-
total
53 979
73 350
-
-
Dividends
5 998
8 150
-
-
withholding
1 139
1 548
-
-
total
1 139
1 548
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 274
74 898
37 566
25 752
After tax
16 226
6 602
43 934
55 748
Living cost
11 366
11 366
11 366
11 366
Free-cash
4 860
-4 764
32 568
44 382

Estimated living cost  is ₴11366 per week

₴8330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴76433
₴73173
₴72376
₴60948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 315
-
81 500
-
income
1 063
-
16 300
-
total
1 063
-
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%.

76 185
81 500
-
-
total
-
-
-
-
Dividends
76 185
81 500
-
-
withholding
3 809
4 075
-
-
total
3 809
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
4 872
4 075
16 300
815
After tax
76 628
77 425
65 200
80 685
Living cost
4 252
4 252
4 252
4 252
Free-cash
72 376
73 173
60 948
76 433

Estimated living cost  is ₴4252 per week

₴2635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1147
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30276
₴46229
₴42767
₴32752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 428
other
-
-
-
3 700
pensions

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

-
-
-
18 695
income
-
-
-
11 752
total
-
-
-
37 575
Employee
18 599
-
65 095
-
health
261
-
911
-
pensions

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

1 302
-
4 557
-
unemployment
186
-
651
-
income
3 202
-
12 576
-
total
4 951
-
18 695
-
Employer
18 599
-
65 095
-
health
261
-
911
-
accident
149
-
521
-
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.

3 162
-
11 066
-
other
930
-
3 255
-
unemployment
186
-
651
-
total
4 688
-
16 404
-
Corporate
58 213
81 500
-
-
income
12 225
17 115
-
-
total
12 225
17 115
-
-
Dividends
45 988
64 385
-
-
withholding
3 220
4 507
-
-
total
3 220
4 507
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 084
21 622
35 099
37 575
After tax
56 416
59 878
46 401
43 925
Living cost
13 649
13 649
13 649
13 649
Free-cash
42 767
46 229
32 752
30 276

Estimated living cost  is ₴13649 per week

₴9644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20527
₴20108
₴19899
₴13104
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 426
income
-
-
-
22 396
total
-
-
-
26 822
Employee
48 318
-
71 273
-
health
796
-
1 066
-
pensions
4 661
-
5 505
-
income
8 710
-
17 447
-
total
14 167
-
24 018
-
Employer
48 318
-
71 273
-
health
918
-
1 354
-
pensions
5 705
-
8 873
-
total
6 623
-
10 227
-
Corporate
26 559
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.

5 046
15 485
-
-
total
5 046
15 485
-
-
Dividends
21 513
66 015
-
-
withholding
1 614
11 756
-
-
total
1 614
11 756
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 450
27 241
34 245
26 822
After tax
54 050
54 259
47 255
54 678
Living cost
34 151
34 151
34 151
34 151
Free-cash
19 899
20 108
13 104
20 527

Estimated living cost  is ₴34151 per week

₴25590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4271
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴57778
₴62964
₴60586
₴60880
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 058
pensions

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

-
-
-
2 649
unemployment
-
-
-
72
income
-
-
-
12 225
total
-
-
-
17 004
Employee
8 896
-
77 988
-
health
409
-
823
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
pensions

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

781
-
1 572
-
income
889
-
7 799
-
total
2 177
-
10 391
-
Employer
8 896
-
77 988
-
health
614
-
1 235
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
pensions

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

980
-
1 972
-
unemployment
53
-
107
-
total
1 745
-
3 511
-
Corporate
70 858
81 500
-
-
income
7 086
8 150
-
-
total
7 086
8 150
-
-
Dividends
63 773
73 350
-
-
withholding
3 188
3 668
-
-
total
3 188
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 196
11 818
13 902
17 004
After tax
67 304
69 682
67 598
64 496
Living cost
6 718
6 718
6 718
6 718
Free-cash
60 586
62 964
60 880
57 778

Estimated living cost  is ₴6718 per week

₴3922
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2138
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17196
₴11815
₴13104
₴21565
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 317
pensions
-
-
-
6 002
income
-
-
-
23 580
total
-
-
-
35 899
Employee
47 492
43 744
71 980
-
health
5 925
5 711
6 317
-
pensions
6 002
6 002
6 002
-
income

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

7 160
7 160
9 691
-
total
19 087
18 873
22 010
-
Employer
47 492
43 744
71 980
-
health
3 300
3 041
3 779
-
pensions
3 305
3 045
3 784
-
unemployment
1 710
1 575
1 957
-
total
8 315
7 661
9 520
-
Corporate
25 692
30 096
-
-
income
5 138
6 019
-
-
total
5 138
6 019
-
-
Dividends
20 554
24 076
-
-
income
4 368
5 116
-
-
withholding
3 083
3 611
-
-
total
7 451
8 727
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 991
41 280
31 530
35 899
After tax
41 509
40 220
49 970
45 601
Living cost
28 405
28 405
28 405
28 405
Free-cash
13 104
11 815
21 565
17 196

Estimated living cost  is ₴28405 per week

₴20954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31781
₴43454
₴38939
₴28700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 002
social contributions
-
-
-
18 216
solidarity contribution
-
-
-
-
income
-
-
-
7 842
total
-
-
-
37 060
Employee
18 616
-
60 821
-
health
2 513
-
8 211
-
solidarity contribution
-
-
-
-
social contributions
1 210
-
3 953
-
income
2 234
-
7 298
-
total
5 957
-
19 462
-
Employer
18 616
-
60 821
-
health
1 675
-
5 474
-
social contributions
4 654
-
15 205
-
total
6 329
-
20 679
-
Corporate
56 554
81 500
-
-
income
10 745
15 485
-
-
total
10 745
15 485
-
-
Dividends
45 809
66 015
-
-
withholding
6 871
9 902
-
-
total
6 871
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 902
25 387
40 141
37 060
After tax
51 598
56 113
41 359
44 440
Living cost
12 659
12 659
12 659
12 659
Free-cash
38 939
43 454
28 700
31 781

Estimated living cost  is ₴12659 per week

₴8793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17847
₴21868
₴19194
₴14164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
953
municipal
-
-
-
484
social contributions
-
-
-
20 962
national
-
-
-
19 639
total
-
-
-
42 038
Employee
45 526
-
81 500
-
regional
430
-
840
-
national
7 889
-
16 966
-
social contributions
15 351
-
27 482
-
municipal
241
-
433
-
total
23 911
-
45 721
-
Employer
45 526
-
81 500
-
total
-
-
-
-
Corporate
35 974
81 500
-
-
nationa
8 634
19 560
-
-
municipal
1 403
3 179
-
-
total
10 037
22 739
-
-
Dividends
25 937
58 762
-
-
withholding
6 743
15 278
-
-
total
6 743
15 278
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 691
38 017
45 721
42 038
After tax
40 809
43 483
35 779
39 462
Living cost
21 615
21 615
21 615
21 615
Free-cash
19 194
21 868
14 164
17 847

Estimated living cost  is ₴21615 per week

₴15067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27373
₴39960
₴38364
₴24323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 854
other
-
-
-
-
pensions
-
-
-
13 673
unemployment
-
-
-
117
income
-
-
-
21 092
surtax
-
-
-
3 087
total
-
-
-
42 823
Employee
16 940
-
67 328
-
health
433
-
1 717
-
pensions
1 130
-
4 491
-
unemployment
1 179
-
4 686
-
surtax
55
-
2 605
-
income
2 839
-
18 202
-
other
-
-
-
-
total
5 636
-
31 701
-
Employer
16 940
-
67 328
-
health
771
-
3 063
-
pensions
2 258
-
8 974
-
other
-
-
-
-
unemployment
537
-
2 135
-
total
3 566
-
14 172
-
Corporate
60 994
81 500
-
-
income
15 859
21 190
-
-
total
15 859
21 190
-
-
Dividends
45 136
60 310
-
-
withholding
6 771
9 046
-
-
total
6 771
9 046
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 832
30 236
45 873
42 823
After tax
49 668
51 264
35 627
38 677
Living cost
11 304
11 304
11 304
11 304
Free-cash
38 364
39 960
24 323
27 373

Estimated living cost  is ₴11304 per week

₴6912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31347
₴30928
₴33715
₴23924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 426
income
-
-
-
22 396
total
-
-
-
26 822
Employee
32 381
-
71 273
-
health
470
-
1 066
-
pensions
2 748
-
5 505
-
income
5 832
-
17 447
-
total
9 050
-
24 018
-
Employer
32 381
-
71 273
-
health
615
-
1 354
-
pensions
3 505
-
8 873
-
total
4 120
-
10 227
-
Corporate
44 998
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.

8 550
15 485
-
-
total
8 550
15 485
-
-
Dividends
36 448
66 015
-
-
withholding
2 734
11 756
-
-
total
2 734
11 756
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 454
27 241
34 245
26 822
After tax
57 046
54 259
47 255
54 678
Living cost
23 331
23 331
23 331
23 331
Free-cash
33 715
30 928
23 924
31 347

Estimated living cost  is ₴23331 per week

₴17479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴24799
-₴4603
₴13310
₴20835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
184
city
-
-
-
859
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
-
-
-
3 652
pensions
-
-
-
7 498
national
-
-
-
1 007
total
-
-
-
14 830
Employee
48 999
-
72 946
-
health
111
-
165
-
regional
1 604
-
3 146
-
pensions
4 117
-
6 128
-
unemployment
-
-
-
-
national
232
-
819
-
city
526
-
784
-
total
6 590
-
11 042
-
Employer
48 999
-
72 946
-
health
111
-
165
-
pensions
4 117
-
6 128
-
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.

980
-
1 459
-
unemployment
-
-
-
-
total
5 208
-
7 752
-
Corporate
26 755
81 500
-
-
national
2 274
6 928
-
-
regional
5 659
17 237
-
-
total
7 933
24 165
-
-
Dividends
18 822
57 335
-
-
withholding
6 588
20 067
-
-
total
6 588
20 067
-
-
Income
81 500
81 500
81 500
81 500
Total tax
26 319
44 232
18 794
14 830
After tax
55 181
37 268
62 706
66 670
Living cost
41 871
41 871
41 871
41 871
Free-cash
13 310
-4 603
20 835
24 799

Estimated living cost  is ₴41871 per week

₴27228
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴514
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10371
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19082
₴16814
₴25121
₴28975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 500
trade
-
-
-
9 893
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.

-
-
-
1 333
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.

-
-
-
24 225
total
-
-
-
38 951
Employee

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

30 785
-
81 500
-
health

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

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

3 500
-
3 500
-
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.

199
-
1 333
-
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.

3 620
-
24 225
-
total
7 319
-
29 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
50 715
81 500
-
-
trade
8 697
13 977
-
-
chamber of commerce
149
192
-
-
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.

418
673
-
-
income
7 608
12 225
-
-
total
16 872
27 067
-
-
Dividends
33 843
54 433
-
-
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.

455
738
-
-
withholding
8 266
13 414
-
-
total
8 721
14 152
-
-
Income
81 500
81 500
81 500
81 500
Total tax
32 912
41 219
29 058
38 951
After tax
48 588
40 281
52 442
42 549
Living cost
23 467
23 467
23 467
23 467
Free-cash
25 121
16 814
28 975
19 082

Estimated living cost  is ₴23467 per week

₴17139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28543
₴23550
₴26575
₴28233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 174
other
-
-
-
2 526
pensions
-
-
-
15 365
social contributions
-
-
-
2 322
income
-
-
-
12 044
surtax
-
-
-
-
total
-
-
-
35 431
Employee
21 924
-
63 641
-
pensions
2 479
-
4 191
-
surtax
-
-
-
-
social contributions
625
-
1 814
-
income
1 294
-
11 875
-
total
4 398
-
17 880
-
Employer
21 924
-
63 641
-
health
1 535
-
5 612
-
pensions
3 602
-
7 098
-
other
756
-
2 383
-
social contributions
66
-
191
-
unemployment
888
-
2 577
-
total
6 847
-
17 861
-
Corporate
52 730
81 500
-
-
surtax
-
-
-
-
income
14 764
22 820
-
-
total
14 764
22 820
-
-
Dividends
37 966
58 680
-
-
social contributions
6 530
10 093
-
-
surtax
-
-
-
-
withholding
4 860
7 511
-
-
total
11 390
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 399
40 424
35 741
35 431
After tax
44 101
41 076
45 759
46 069
Living cost
17 526
17 526
17 526
17 526
Free-cash
26 575
23 550
28 233
28 543

Estimated living cost  is ₴17526 per week

₴11051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30280
₴25287
₴28132
₴29970
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 174
other
-
-
-
2 526
pensions
-
-
-
15 365
social contributions
-
-
-
2 322
income
-
-
-
12 044
surtax
-
-
-
-
total
-
-
-
35 431
Employee
19 570
-
63 641
-
pensions
2 213
-
4 191
-
surtax
-
-
-
-
social contributions
558
-
1 814
-
income
1 009
-
11 875
-
total
3 780
-
17 880
-
Employer
19 570
-
63 641
-
health
1 370
-
5 612
-
pensions
3 216
-
7 098
-
other
676
-
2 383
-
social contributions
58
-
191
-
unemployment
792
-
2 577
-
total
6 112
-
17 861
-
Corporate
55 819
81 500
-
-
surtax
-
-
-
-
income
15 629
22 820
-
-
total
15 629
22 820
-
-
Dividends
40 189
58 680
-
-
social contributions
6 914
10 093
-
-
surtax
-
-
-
-
withholding
5 144
7 511
-
-
total
12 058
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 579
40 424
35 741
35 431
After tax
43 921
41 076
45 759
46 069
Living cost
15 789
15 789
15 789
15 789
Free-cash
28 132
25 287
29 970
30 280

Estimated living cost  is ₴15789 per week

₴9157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41477
₴38861
₴39125
₴40053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 689
social contributions
-
-
-
11 247
income
-
-
-
12 225
total
-
-
-
29 161
Employee
17 368
-
81 500
-
health
1 212
-
5 689
-
social contributions
2 397
-
11 247
-
income
2 897
-
13 649
-
total
6 506
-
30 585
-
Employer
17 368
-
81 500
-
total
-
-
-
-
Corporate
64 132
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%.

3 207
4 075
-
-
total
3 207
4 075
-
-
Dividends
60 925
77 425
-
-
social contributions
8 408
10 684
-
-
health
4 253
5 404
-
-
withholding
9 139
11 614
-
-
total
21 800
27 702
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 513
31 777
30 585
29 161
After tax
49 987
49 723
50 915
52 339
Living cost
10 862
10 862
10 862
10 862
Free-cash
39 125
38 861
40 053
41 477

Estimated living cost  is ₴10862 per week

₴7269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23755
₴27128
₴26335
₴3355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 578
pensions
-
-
-
11 071
unemployment
-
-
-
3 142
income
-
-
-
20 477
chamber of commerce
-
-
-
326
surtax
-
-
-
101
total
-
-
-
39 695
Employee
25 600
20 414
63 882
-
health
991
790
2 316
-
pensions
2 622
2 090
6 128
-
unemployment
768
612
1 795
-
income
2 914
1 506
16 154
-
other
256
204
599
-
total
7 551
5 202
26 992
-
Employer
25 600
20 414
63 882
-
payroll
768
612
1 916
-
health
967
772
2 262
-
surtax
101
101
101
-
accident
332
265
778
-
pensions
3 213
2 562
7 510
-
chamber of commerce
102
82
256
-
other
1 216
969
3 000
-
unemployment
768
612
1 795
-
total
7 467
5 975
17 618
-
Corporate
48 432
55 110
61 938
-
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.

12 108
13 778
15 485
-
total
12 108
13 778
15 485
-
Dividends
36 324
41 332
-
-
withholding
9 989
11 367
-
-
total
9 989
11 367
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 115
36 322
60 095
39 695
After tax
44 385
45 178
21 405
41 805
Living cost
18 050
18 050
18 050
18 050
Free-cash
26 335
27 128
3 355
23 755

Estimated living cost  is ₴18050 per week

₴12038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1540
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16646
₴26921
₴19238
₴10504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
12 665
national
-
-
-
29 382
communal

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

-
-
-
4 130
total
-
-
-
46 177
Employee

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

36 642
-
63 124
-
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.

1 722
-
2 967
-
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.

2 748
-
4 734
-
unemployment

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

319
-
549
-
national
11 265
-
22 401
-
communal

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

1 911
-
3 292
-
total
17 965
-
33 943
-
Employer

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

36 642
-
63 124
-
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.

2 253
-
3 883
-
surtax
4 155
-
7 159
-
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.

476
-
820
-
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.

3 247
-
5 592
-
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.

535
-
922
-
total
10 666
-
18 376
-
Corporate
34 192
81 500
-
-
surtax
137
326
-
-
income
6 839
16 300
-
-
total
6 976
16 626
-
-
Dividends
27 217
64 874
-
-
withholding

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

7 978
19 276
-
-
total
7 978
19 276
-
-
Income
81 500
81 500
81 500
81 500
Total tax
43 585
35 902
52 319
46 177
After tax
37 915
45 598
29 181
35 323
Living cost
18 677
18 677
18 677
18 677
Free-cash
19 238
26 921
10 504
16 646

Estimated living cost  is ₴18677 per week

₴12031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴27335
₴35930
₴32262
₴25186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 436
unemployment
-
-
-
332
income
-
-
-
21 421
total
-
-
-
35 665
Employee
25 499
-
66 364
-
pensions
1 199
-
2 232
-
unemployment
396
-
736
-
other
25
-
48
-
income
5 380
-
19 662
-
total
7 000
-
22 678
-
Employer
25 499
-
66 364
-
accident
505
-
940
-
pensions
6 017
-
11 205
-
other
203
-
380
-
unemployment
1 403
-
2 611
-
total
8 128
-
15 136
-
Corporate
47 874
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.

7 181
12 225
-
-
total
7 181
12 225
-
-
Dividends
40 693
69 275
-
-
withholding
8 429
14 845
-
-
total
8 429
14 845
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 738
27 070
37 814
35 665
After tax
50 762
54 430
43 686
45 835
Living cost
18 500
18 500
18 500
18 500
Free-cash
32 262
35 930
25 186
27 335

Estimated living cost  is ₴18500 per week

₴13623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13435
₴20359
₴14230
₴16683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 727
accident
-
-
-
687
pensions
-
-
-
12 215
communal
-
-
-
5 151
income
-
-
-
12 407
surtax
-
-
-
4 040
total
-
-
-
40 227
Employee
38 792
-
72 801
-
health
1 726
-
3 239
-
pensions
3 103
-
5 824
-
surtax
2 378
-
4 462
-
income
3 747
-
14 755
-
total
10 954
-
28 280
-
Employer
38 792
-
72 801
-
health
1 183
-
2 220
-
accident
349
-
655
-
pensions
3 103
-
5 824
-
total
4 635
-
8 699
-
Corporate
38 073
81 500
-
-
communal
2 570
5 501
-
-
surtax
400
855
-
-
income
5 711
12 225
-
-
total
8 681
18 581
-
-
Dividends
29 392
62 918
-
-
income
10 754
5 284
-
-
withholding
4 408
9 438
-
-
total
15 162
14 722
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 432
33 303
36 979
40 227
After tax
42 068
48 197
44 521
41 273
Living cost
27 838
27 838
27 838
27 838
Free-cash
14 230
20 359
16 683
13 435

Estimated living cost  is ₴27838 per week

₴20883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
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.
₴4973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27171
₴39758
₴38128
₴24121
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 854
other
-
-
-
-
pensions
-
-
-
13 673
unemployment
-
-
-
117
income
-
-
-
21 092
surtax
-
-
-
3 087
total
-
-
-
42 823
Employee
17 251
-
67 328
-
health
440
-
1 717
-
pensions
1 151
-
4 491
-
unemployment
1 201
-
4 686
-
surtax
61
-
2 605
-
income
2 892
-
18 202
-
other
-
-
-
-
total
5 745
-
31 701
-
Employer
17 251
-
67 328
-
health
784
-
3 063
-
pensions
2 300
-
8 974
-
other
-
-
-
-
unemployment
547
-
2 135
-
total
3 631
-
14 172
-
Corporate
60 617
81 500
-
-
income
15 761
21 190
-
-
total
15 761
21 190
-
-
Dividends
44 857
60 310
-
-
withholding
6 729
9 046
-
-
total
6 729
9 046
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 866
30 236
45 873
42 823
After tax
49 634
51 264
35 627
38 677
Living cost
11 506
11 506
11 506
11 506
Free-cash
38 128
39 758
24 121
27 171

Estimated living cost  is ₴11506 per week

₴6947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25387
₴29039
₴27901
₴21723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 229
municipal
-
-
-
484
social contributions
-
-
-
20 962
national
-
-
-
19 639
total
-
-
-
42 314
Employee
28 415
-
81 500
-
regional
383
-
1 097
-
national
4 502
-
16 966
-
social contributions
9 582
-
27 482
-
municipal
151
-
433
-
total
14 618
-
45 978
-
Employer
28 415
-
81 500
-
total
-
-
-
-
Corporate
53 085
81 500
-
-
nationa
12 740
19 560
-
-
municipal
2 638
4 051
-
-
total
15 378
23 611
-
-
Dividends
37 706
57 890
-
-
withholding
9 804
15 051
-
-
total
9 804
15 051
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 800
38 662
45 978
42 314
After tax
41 700
42 838
35 522
39 186
Living cost
13 799
13 799
13 799
13 799
Free-cash
27 901
29 039
21 723
25 387

Estimated living cost  is ₴13799 per week

₴8582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
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.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28841
₴40514
₴34949
₴25760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
11 002
social contributions
-
-
-
18 216
solidarity contribution
-
-
-
-
income
-
-
-
7 842
total
-
-
-
37 060
Employee
22 940
-
60 821
-
health
3 097
-
8 211
-
solidarity contribution
-
-
-
-
social contributions
1 491
-
3 953
-
income
2 753
-
7 298
-
total
7 341
-
19 462
-
Employer
22 940
-
60 821
-
health
2 065
-
5 474
-
social contributions
5 735
-
15 205
-
total
7 800
-
20 679
-
Corporate
50 760
81 500
-
-
income
9 644
15 485
-
-
total
9 644
15 485
-
-
Dividends
41 116
66 015
-
-
withholding
6 167
9 902
-
-
total
6 167
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 952
25 387
40 141
37 060
After tax
50 548
56 113
41 359
44 440
Living cost
15 599
15 599
15 599
15 599
Free-cash
34 949
40 514
25 760
28 841

Estimated living cost  is ₴15599 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25563
₴28891
₴28635
₴5093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 578
pensions
-
-
-
11 071
unemployment
-
-
-
3 142
income
-
-
-
20 477
chamber of commerce
-
-
-
326
surtax
-
-
-
-
total
-
-
-
39 594
Employee
22 392
20 414
63 976
-
health
866
790
2 316
-
pensions
2 293
2 090
6 128
-
unemployment
672
612
1 795
-
income
1 995
1 506
16 194
-
other
224
204
599
-
total
6 050
5 202
27 032
-
Employer
22 392
20 414
63 976
-
payroll
672
612
1 919
-
health
847
772
2 262
-
surtax
-
-
-
-
accident
291
265
778
-
pensions
2 810
2 562
7 510
-
chamber of commerce
89
82
256
-
other
1 063
969
3 004
-
unemployment
672
612
1 795
-
total
6 444
5 874
17 524
-
Corporate
52 664
55 211
62 032
-
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.

13 166
13 803
15 508
-
total
13 166
13 803
15 508
-
Dividends
39 498
41 408
-
-
withholding
10 862
11 387
-
-
total
10 862
11 387
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 522
36 266
60 064
39 594
After tax
44 978
45 234
21 436
41 906
Living cost
16 343
16 343
16 343
16 343
Free-cash
28 635
28 891
5 093
25 563

Estimated living cost  is ₴16343 per week

₴9804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
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.
₴4579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴74059
₴70799
₴69556
₴58574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
microenterprise

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

-
-
-
815
total
-
-
-
815
Employee
8 282
-
81 500
-
income
1 657
-
16 300
-
total
1 657
-
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%.

73 218
81 500
-
-
total
-
-
-
-
Dividends
73 218
81 500
-
-
withholding
3 661
4 075
-
-
total
3 661
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
5 318
4 075
16 300
815
After tax
76 182
77 425
65 200
80 685
Living cost
6 626
6 626
6 626
6 626
Free-cash
69 556
70 799
58 574
74 059

Estimated living cost  is ₴6626 per week

₴4484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1642
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26509
₴42373
₴38089
₴24349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
8 020
pensions
-
-
-
14 884
unemployment
-
-
-
122
income
-
-
-
18 225
total
-
-
-
41 251
Employee

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

22 652
-
70 519
-
health
1 463
-
4 556
-
pensions
3 511
-
10 930
-
unemployment
32
-
99
-
income
3 906
-
16 845
-
total
8 912
-
32 430
-
Employer

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

22 652
-
70 519
-
health
1 509
-
4 697
-
pensions
2 004
-
6 241
-
unemployment
14
-
43
-
total
3 527
-
10 981
-
Corporate
55 321
81 500
-
-
income
10 511
15 485
-
-
total
10 511
15 485
-
-
Dividends
44 810
66 015
-
-
withholding
6 721
9 902
-
-
total
6 721
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 671
25 387
43 411
41 251
After tax
51 829
56 113
38 089
40 249
Living cost
13 740
13 740
13 740
13 740
Free-cash
38 089
42 373
24 349
26 509

Estimated living cost  is ₴13740 per week

₴9429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32990
₴26252
₴529
₴51053
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
9 291
income
-
-
-
15 886
total
-
-
-
25 177
Employee
33 456
-
-
-
social contributions
2 743
-
391
-
income
7 380
-
-
-
total
10 123
-
391
-
Employer
33 456
-
-
-
social contributions
47 173
-
6 723
-
total
47 173
-
6 723
-
Corporate
871
81 500
-
-
income
192
17 930
-
-
total
192
17 930
-
-
Dividends
680
63 570
-
-
income
150
13 985
-
-
total
150
13 985
-
-
Income
81 500
81 500
81 500
81 500
Total tax
57 638
31 915
7 114
25 177
After tax
23 862
49 585
74 386
56 323
Living cost
23 333
23 333
23 333
23 333
Free-cash
529
26 252
51 053
32 990

Estimated living cost  is ₴23333 per week

₴15139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5702
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27898
₴30289
₴29774
₴21961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
social contributions

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

-
-
-
28 321
income
-
-
-
9 213
surtax
-
-
-
-
total
-
-
-
37 534
Employee
23 560
-
65 858
-
surtax
-
-
-
-
social contributions
2 592
-
7 244
-
income
4 900
-
20 586
-
total
7 492
-
27 830
-
Employer
23 560
-
65 858
-
social contributions
5 595
-
15 641
-
total
5 595
-
15 641
-
Corporate
52 345
81 500
-
-
surtax
-
-
-
-
income
10 992
17 115
-
-
total
10 992
17 115
-
-
Dividends
41 353
64 385
-
-
withholding
11 579
18 028
-
-
total
11 579
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 658
35 143
43 471
37 534
After tax
45 842
46 357
38 029
43 966
Living cost
16 068
16 068
16 068
16 068
Free-cash
29 774
30 289
21 961
27 898

Estimated living cost  is ₴16068 per week

₴12022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21328
₴16335
₴19856
₴21018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 174
other
-
-
-
2 526
pensions
-
-
-
15 365
social contributions
-
-
-
2 322
income
-
-
-
12 044
surtax
-
-
-
-
total
-
-
-
35 431
Employee
32 083
-
63 641
-
pensions
3 629
-
4 191
-
surtax
-
-
-
-
social contributions
914
-
1 814
-
income
2 799
-
11 875
-
total
7 342
-
17 880
-
Employer
32 083
-
63 641
-
health
2 246
-
5 612
-
pensions
5 272
-
7 098
-
other
1 107
-
2 383
-
social contributions
96
-
191
-
unemployment
1 300
-
2 577
-
total
10 021
-
17 861
-
Corporate
39 396
81 500
-
-
surtax
-
-
-
-
income
11 031
22 820
-
-
total
11 031
22 820
-
-
Dividends
28 365
58 680
-
-
social contributions
4 878
10 093
-
-
surtax
-
-
-
-
withholding
3 631
7 511
-
-
total
8 509
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 903
40 424
35 741
35 431
After tax
44 597
41 076
45 759
46 069
Living cost
24 741
24 741
24 741
24 741
Free-cash
19 856
16 335
21 018
21 328

Estimated living cost  is ₴24741 per week

₴16744
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44926
₴57952
₴56231
₴47091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 246
social contributions
-
-
-
17 930
total
-
-
-
21 176
Employee
16 468
-
70 563
-
social contributions
1 070
-
4 587
-
income
-
-
3 487
-
total
1 070
-
8 074
-
Employer
16 468
-
70 563
-
social contributions
2 553
-
10 937
-
total
2 553
-
10 937
-
Corporate
62 479
81 500
-
-
income
6 248
8 150
-
-
total
6 248
8 150
-
-
Dividends
56 231
73 350
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
9 871
8 150
19 011
21 176
After tax
71 629
73 350
62 489
60 324
Living cost
15 398
15 398
15 398
15 398
Free-cash
56 231
57 952
47 091
44 926

Estimated living cost  is ₴15398 per week

₴9956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23932
-₴29932
-₴29932
-₴29932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
16 722
labour market
-
-
-
6 485
national
-
-
-
9 287
pensions
-
-
-
443
total
-
-
-
32 937
Employee
103 961
103 961
103 961
-
pensions
148
148
148
-
labour market
8 305
8 305
8 305
-
national
12 701
12 701
12 701
-
municipal
22 138
22 138
22 138
-
total
43 292
43 292
43 292
-
Employer
103 961
103 961
103 961
-
municipal
22 173
22 173
22 173
-
labour market
8 317
8 317
8 317
-
national
12 723
12 723
12 723
-
pensions
296
296
296
-
total
43 509
43 509
43 509
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
86 801
86 801
86 801
32 937
After tax
-5 301
-5 301
-5 301
48 563
Living cost
24 631
24 631
24 631
24 631
Free-cash
-29 932
-29 932
-29 932
23 932

Estimated living cost  is ₴24631 per week

₴16858
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2179
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44549
-₴4597
₴4883
₴32735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 127
accident
-
-
-
130
other
-
-
-
191
pensions
-
-
-
2 150
income
-
-
-
22 154
total
-
-
-
25 752
Employee
17 616
-
72 808
-
health
2 017
-
8 337
-
pensions
1 984
-
3 942
-
income
2 417
-
16 595
-
total
6 418
-
28 874
-
Employer
17 616
-
72 808
-
accident
294
-
1 216
-
pensions
2 864
-
5 692
-
unemployment
432
-
1 784
-
total
3 590
-
8 692
-
Corporate
60 294
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.

54 264
73 350
-
-
total
54 264
73 350
-
-
Dividends
6 029
8 150
-
-
withholding
1 146
1 548
-
-
total
1 146
1 548
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 418
74 898
37 566
25 752
After tax
16 082
6 602
43 934
55 748
Living cost
11 199
11 199
11 199
11 199
Free-cash
4 883
-4 597
32 735
44 549

Estimated living cost  is ₴11199 per week

₴8151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34169
₴31945
₴33025
₴23643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 041
municipal
-
-
-
14 482
national
-
-
-
12 141
total
-
-
-
27 664
Employee
26 951
-
68 562
-
health
201
-
842
-
pensions
1 819
-
4 628
-
unemployment
404
-
1 028
-
national
445
-
7 583
-
municipal
4 414
-
11 171
-
total
7 283
-
25 252
-
Employer
26 951
-
68 562
-
health
207
-
528
-
accident
27
-
69
-
pensions
4 676
-
11 896
-
unemployment
175
-
445
-
total
5 085
-
12 938
-
Corporate
49 464
81 500
-
-
income
9 893
16 300
-
-
total
9 893
16 300
-
-
Dividends

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

29 678
48 900
-
-
national
1 205
4 786
-
-
municipal
5 342
8 802
-
-
total
6 547
13 588
-
-
Income
81 500
81 500
81 500
81 500
Total tax
28 808
29 888
38 190
27 664
After tax
52 692
51 612
43 310
53 836
Living cost
19 667
19 667
19 667
19 667
Free-cash
33 025
31 945
23 643
34 169

Estimated living cost  is ₴19667 per week

₴12846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44283
₴47624
₴44837
₴43543
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 078
social contributions
-
-
-
8 288
income
-
-
-
14 991
total
-
-
-
25 357
Employee
39 390
39 390
75 691
-
health
305
670
1 287
-
social contributions
1 489
3 269
4 409
-
income
4 289
3 646
14 592
-
total
6 083
7 585
20 288
-
Employer
39 390
39 390
75 691
-
health
331
729
1 400
-
social contributions
1 489
3 269
4 409
-
total
1 820
3 998
5 809
-
Corporate
61 736
38 112
-
-
income
7 717
4 764
-
-
total
7 717
4 764
-
-
Dividends
54 018
33 348
-
-
withholding
9 183
5 669
-
-
total
9 183
5 669
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 803
22 016
26 097
25 357
After tax
56 697
59 484
55 403
56 143
Living cost
11 860
11 860
11 860
11 860
Free-cash
44 837
47 624
43 543
44 283

Estimated living cost  is ₴11860 per week

₴7108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60020
₴59358
₴56753
₴49745
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 854
pensions
-
-
-
3 258
unemployment
-
-
-
15
income
-
-
-
8 220
total
-
-
-
13 347
Employee

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

11 758
-
76 494
-
health
999
-
4 131
-
pensions
1 763
-
7 291
-
unemployment
58
-
243
-
income
804
-
6 951
-
total
3 624
-
18 616
-
Employer

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

11 758
-
76 494
-
health
505
-
2 090
-
pensions
646
-
2 673
-
unemployment
58
-
243
-
total
1 209
-
5 006
-
Corporate
68 532
81 500
-
-
income
6 168
7 335
-
-
total
6 168
7 335
-
-
Dividends
62 364
74 165
-
-
withholding
5 613
6 674
-
-
total
5 613
6 674
-
-
Income
81 500
81 500
81 500
81 500
Total tax
16 614
14 009
23 622
13 347
After tax
64 886
67 491
57 878
68 153
Living cost
8 133
8 133
8 133
8 133
Free-cash
56 753
59 358
49 745
60 020

Estimated living cost  is ₴8133 per week

₴5189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31749
₴40344
₴38070
₴29600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 436
unemployment
-
-
-
332
income
-
-
-
21 421
total
-
-
-
35 665
Employee
18 941
-
66 364
-
pensions
890
-
2 232
-
unemployment
294
-
736
-
other
18
-
48
-
income
3 652
-
19 662
-
total
4 854
-
22 678
-
Employer
18 941
-
66 364
-
accident
375
-
940
-
pensions
4 470
-
11 205
-
other
152
-
380
-
unemployment
1 042
-
2 611
-
total
6 039
-
15 136
-
Corporate
56 520
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.

8 478
12 225
-
-
total
8 478
12 225
-
-
Dividends
48 043
69 275
-
-
withholding
9 973
14 845
-
-
total
9 973
14 845
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 344
27 070
37 814
35 665
After tax
52 156
54 430
43 686
45 835
Living cost
14 086
14 086
14 086
14 086
Free-cash
38 070
40 344
29 600
31 749

Estimated living cost  is ₴14086 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51449
₴49894
₴49737
₴51380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
508
pensions
-
-
-
701
income
-
-
-
27 880
total
-
-
-
29 089
Employee
1 465
-
80 711
-
health
73
-
175
-
pensions
132
-
316
-
unemployment
15
-
35
-
income
283
-
27 843
-
total
503
-
28 369
-
Employer
1 465
-
80 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
79 706
81 500
-
-
income
17 535
17 930
-
-
total
17 535
17 930
-
-
Dividends
62 171
63 570
-
-
withholding
12 434
12 714
-
-
total
12 434
12 714
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 801
30 644
29 158
29 089
After tax
50 699
50 856
52 342
52 411
Living cost
962
962
962
962
Free-cash
49 737
49 894
51 380
51 449

Estimated living cost  is ₴962 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
₴40140
₴50044
₴47528
₴40140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 891
pensions
-
-
-
9 822
unemployment
-
-
-
567
income
-
-
-
18 240
total
-
-
-
32 520
Employee

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

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

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

13 331
-
74 738
-
health
687
-
1 946
-
pensions
1 866
-
5 289
-
unemployment
100
-
283
-
income
1 838
-
18 240
-
total
4 491
-
25 758
-
Employer

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

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

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

13 331
-
74 738
-
health
687
-
1 946
-
pensions
1 600
-
4 533
-
unemployment
100
-
283
-
total
2 387
-
6 762
-
Corporate
65 783
81 500
-
-
income
9 867
12 225
-
-
total
9 867
12 225
-
-
Dividends
55 916
69 275
-
-
withholding
8 387
10 391
-
-
total
8 387
10 391
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 132
22 616
32 520
32 520
After tax
56 368
58 884
48 980
48 980
Living cost
8 840
8 840
8 840
8 840
Free-cash
47 528
50 044
40 140
40 140

Estimated living cost  is ₴8840 per week

₴5952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30156
₴32547
₴32363
₴24219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
social contributions

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

-
-
-
28 321
income
-
-
-
9 213
surtax
-
-
-
-
total
-
-
-
37 534
Employee
19 882
-
65 858
-
surtax
-
-
-
-
social contributions
2 187
-
7 244
-
income
3 885
-
20 586
-
total
6 072
-
27 830
-
Employer
19 882
-
65 858
-
social contributions
4 721
-
15 641
-
total
4 721
-
15 641
-
Corporate
56 897
81 500
-
-
surtax
-
-
-
-
income
11 948
17 115
-
-
total
11 948
17 115
-
-
Dividends
44 949
64 385
-
-
withholding
12 586
18 028
-
-
total
12 586
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 327
35 143
43 471
37 534
After tax
46 173
46 357
38 029
43 966
Living cost
13 810
13 810
13 810
13 810
Free-cash
32 363
32 547
24 219
30 156

Estimated living cost  is ₴13810 per week

₴9781
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
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.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27832
₴36427
₴32935
₴25683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 436
unemployment
-
-
-
332
income
-
-
-
21 421
total
-
-
-
35 665
Employee
24 739
-
66 364
-
pensions
1 163
-
2 232
-
unemployment
383
-
736
-
other
24
-
48
-
income
5 167
-
19 662
-
total
6 737
-
22 678
-
Employer
24 739
-
66 364
-
accident
490
-
940
-
pensions
5 838
-
11 205
-
other
198
-
380
-
unemployment
1 361
-
2 611
-
total
7 887
-
15 136
-
Corporate
48 873
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.

7 331
12 225
-
-
total
7 331
12 225
-
-
Dividends
41 542
69 275
-
-
withholding
8 607
14 845
-
-
total
8 607
14 845
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 562
27 070
37 814
35 665
After tax
50 938
54 430
43 686
45 835
Living cost
18 003
18 003
18 003
18 003
Free-cash
32 935
36 427
25 683
27 832

Estimated living cost  is ₴18003 per week

₴12929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55681
₴60867
₴57746
₴58783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 058
pensions

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

-
-
-
2 649
unemployment
-
-
-
72
income
-
-
-
12 225
total
-
-
-
17 004
Employee
11 672
-
77 988
-
health
537
-
823
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
pensions

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

1 025
-
1 572
-
income
1 167
-
7 799
-
total
2 857
-
10 391
-
Employer
11 672
-
77 988
-
health
805
-
1 235
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
pensions

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

1 286
-
1 972
-
unemployment
70
-
107
-
total
2 289
-
3 511
-
Corporate
67 538
81 500
-
-
income
6 754
8 150
-
-
total
6 754
8 150
-
-
Dividends
60 784
73 350
-
-
withholding
3 039
3 668
-
-
total
3 039
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 939
11 818
13 902
17 004
After tax
66 561
69 682
67 598
64 496
Living cost
8 815
8 815
8 815
8 815
Free-cash
57 746
60 867
58 783
55 681

Estimated living cost  is ₴8815 per week

₴5830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
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.
₴2270
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24388
₴22181
₴28883
₴32665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 500
trade
-
-
-
8 277
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.

-
-
-
1 333
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.

-
-
-
24 225
total
-
-
-
37 335
Employee

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

25 488
-
81 500
-
health

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

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

3 500
-
3 500
-
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.

116
-
1 333
-
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.

2 096
-
24 225
-
total
5 712
-
29 058
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 012
81 500
-
-
trade
8 037
11 695
-
-
chamber of commerce
159
197
-
-
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.

462
673
-
-
income
8 402
12 225
-
-
total
17 060
24 790
-
-
Dividends
38 952
56 710
-
-
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.

525
769
-
-
withholding
9 543
13 983
-
-
total
10 068
14 752
-
-
Income
81 500
81 500
81 500
81 500
Total tax
32 840
39 542
29 058
37 335
After tax
48 660
41 958
52 442
44 165
Living cost
19 777
19 777
19 777
19 777
Free-cash
28 883
22 181
32 665
24 388

Estimated living cost  is ₴19777 per week

₴13642
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴3719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14792
₴27869
₴29001
₴14792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 133
social contributions
-
-
-
13 395
total
-
-
-
37 528
Employee
40 070
-
81 500
-
social contributions
3 329
-
13 395
-
income
7 561
-
24 133
-
total
10 890
-
37 528
-
Employer
40 070
-
81 500
-
total
-
-
-
-
Corporate
41 430
81 500
-
-
income
5 178
10 188
-
-
total
5 178
10 188
-
-
Dividends
36 252
71 312
-
-
withholding
7 251
14 263
-
-
total
7 251
14 263
-
-
Income
81 500
81 500
81 500
81 500
Total tax
23 319
24 451
37 528
37 528
After tax
58 181
57 049
43 972
43 972
Living cost
29 180
29 180
29 180
29 180
Free-cash
29 001
27 869
14 792
14 792

Estimated living cost  is ₴29180 per week

₴22200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2378
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.
₴4324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45133
₴31674
₴33465
₴39887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
81 500
income
-
-
-
14 581
health

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

-
-
-
3 191
total
-
-
-
17 772
Employee
23 499
-
79 144
-
social contributions
2 354
-
2 356
-
income
2 550
-
18 306
-
total
4 904
-
20 662
-
Employer
23 499
-
79 144
-
social contributions
2 354
-
2 356
-
total
2 354
-
2 356
-
Corporate
55 646
81 500
-
-
income
19 476
28 525
-
-
total
19 476
28 525
-
-
Dividends
36 171
52 975
-
-
social contributions
2 706
2 706
-
-
total
2 706
2 706
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 440
31 231
23 018
17 772
After tax
52 060
50 269
58 482
63 728
Living cost
18 595
18 595
18 595
18 595
Free-cash
33 465
31 674
39 887
45 133

Estimated living cost  is ₴18595 per week

₴12248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴35711
₴35292
₴38316
₴28288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 426
income
-
-
-
22 396
total
-
-
-
26 822
Employee
26 035
-
71 273
-
health
340
-
1 066
-
pensions
1 987
-
5 505
-
income
4 741
-
17 447
-
total
7 068
-
24 018
-
Employer
26 035
-
71 273
-
health
495
-
1 354
-
pensions
2 630
-
8 873
-
total
3 125
-
10 227
-
Corporate
52 340
81 500
-
-
income

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

9 945
15 485
-
-
total
9 945
15 485
-
-
Dividends
42 395
66 015
-
-
withholding
4 079
11 756
-
-
total
4 079
11 756
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 217
27 241
34 245
26 822
After tax
57 283
54 259
47 255
54 678
Living cost
18 967
18 967
18 967
18 967
Free-cash
38 316
35 292
28 288
35 711

Estimated living cost  is ₴18967 per week

₴13011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴43441
-₴5705
₴4714
₴31627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 127
accident
-
-
-
130
other
-
-
-
191
pensions
-
-
-
2 150
income
-
-
-
22 154
total
-
-
-
25 752
Employee
19 360
-
72 808
-
health
2 217
-
8 337
-
pensions
2 180
-
3 942
-
income
2 656
-
16 595
-
total
7 053
-
28 874
-
Employer
19 360
-
72 808
-
accident
323
-
1 216
-
pensions
3 148
-
5 692
-
unemployment
474
-
1 784
-
total
3 945
-
8 692
-
Corporate
58 195
81 500
-
-
income

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

52 375
73 350
-
-
total
52 375
73 350
-
-
Dividends
5 819
8 150
-
-
withholding
1 106
1 548
-
-
total
1 106
1 548
-
-
Income
81 500
81 500
81 500
81 500
Total tax
64 479
74 898
37 566
25 752
After tax
17 021
6 602
43 934
55 748
Living cost
12 307
12 307
12 307
12 307
Free-cash
4 714
-5 705
31 627
43 441

Estimated living cost  is ₴12307 per week

₴9032
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38861
₴61660
₴59262
₴50004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
health insurance
-
-
-
6 031
work injury
-
-
-
407
pensions
-
-
-
14 996
unemployment
-
-
-
978
income
-
-
-
13 305
total
-
-
-
35 717
Employee

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

11 076
-
81 500
-
pensions
2 038
-
7 540
-
work injury
55
-
205
-
unemployment
133
-
492
-
health insurance
820
-
3 032
-
income
1 108
-
13 305
-
total
4 154
-
24 574
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 424
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%.

704
815
-
-
total
704
815
-
-
Dividends
69 720
80 685
-
-
withholding
10 458
12 103
-
-
total
10 458
12 103
-
-
Income
81 500
81 500
81 500
81 500
Total tax
15 316
12 918
24 574
35 717
After tax
66 184
68 582
56 926
45 783
Living cost
6 922
6 922
6 922
6 922
Free-cash
59 262
61 660
50 004
38 861

Estimated living cost  is ₴6922 per week

₴4289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1915
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18091
₴22522
₴20191
₴14513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 857
municipal
-
-
-
544
social contributions
-
-
-
20 962
national
-
-
-
19 639
total
-
-
-
43 002
Employee
43 166
-
81 500
-
regional
652
-
1 646
-
national
7 295
-
16 966
-
social contributions
14 555
-
27 482
-
municipal
258
-
486
-
total
22 760
-
46 580
-
Employer
43 166
-
81 500
-
total
-
-
-
-
Corporate
38 334
81 500
-
-
nationa
9 200
19 560
-
-
municipal
1 848
3 928
-
-
total
11 048
23 488
-
-
Dividends
27 287
58 012
-
-
withholding
7 094
15 083
-
-
total
7 094
15 083
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 902
38 571
46 580
43 002
After tax
40 598
42 929
34 920
38 498
Living cost
20 407
20 407
20 407
20 407
Free-cash
20 191
22 522
14 513
18 091

Estimated living cost  is ₴20407 per week

₴14335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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