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
₴31460
₴25908
₴37094
₴27934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 160
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.

-
-
-
24 423
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.

-
-
-
3 430
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.

-
-
-
1 344
total
-
-
-
38 357
Employee

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

19 205
-
81 500
-
surtax

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

30
-
1 344
-
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.

3 430
-
3 430
-
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.

536
-
24 423
-
total
3 996
-
29 197
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 295
81 500
-
-
trade
9 812
12 836
-
-
income
9 345
12 225
-
-
surtax

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

514
673
-
-
chamber of commerce
166
193
-
-
total
19 837
25 927
-
-
Dividends
42 460
55 573
-
-
withholding
10 424
13 702
-
-
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.

574
754
-
-
total
10 998
14 456
-
-
Income
81 500
81 500
81 500
81 500
Total tax
34 831
40 383
29 197
38 357
After tax
46 669
41 117
52 303
43 143
Living cost
15 209
15 209
15 209
15 209
Free-cash
31 460
25 908
37 094
27 934

Estimated living cost  is ₴15209 per week

₴9567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24782
₴25207
₴23210
₴22570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
876
pensions
-
-
-
9 780
municipal
-
-
-
8 874
national
-
-
-
13 751
total
-
-
-
33 281
Employee
39 761
-
70 456
-
national
7 610
-
14 240
-
municipal
4 911
-
9 190
-
pensions
1 590
-
2 818
-
total
14 111
-
26 248
-
Employer
39 761
-
70 456
-
pensions
3 181
-
5 636
-
social contributions
427
-
757
-
total
3 608
-
6 393
-
Corporate
35 506
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%.

7 101
16 300
-
-
total
7 101
16 300
-
-
Dividends
28 405
65 200
-
-
withholding
6 249
14 344
-
-
total
6 249
14 344
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 069
30 644
32 641
33 281
After tax
50 431
50 856
48 859
48 219
Living cost
25 649
25 649
25 649
25 649
Free-cash
24 782
25 207
23 210
22 570

Estimated living cost  is ₴25649 per week

₴17434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴384
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50635
₴54754
₴38456
₴17081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 238
income
-
-
-
13 952
microenterprise
-
-
-
-
surtax
-
-
-
20 783
total
-
-
-
53 973
Employee
14 672
-
59 702
-
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.

1 614
-
6 567
-
income
2 612
-
11 649
-
total
4 226
-
18 216
-
Employer
14 672
-
59 702
-
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.

3 534
-
14 382
-
surtax
-
-
-
-
total
3 534
-
14 382
-
Corporate
63 294
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%.

12 659
16 300
-
-
total
12 659
16 300
-
-
Dividends

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

50 635
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
20 419
16 300
32 598
53 973
After tax
61 081
65 200
48 902
27 527
Living cost
10 446
10 446
10 446
10 446
Free-cash
50 635
54 754
38 456
17 081

Estimated living cost  is ₴10446 per week

₴6664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
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.
₴2550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16135
₴19213
₴29131
₴24443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
23 948
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
36 023
Employee
42 878
42 878
72 169
-
health
6 581
5 598
6 192
-
pensions
7 718
5 883
5 883
-
income

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

7 019
7 019
9 929
-
total
21 318
18 500
22 004
-
Employer
42 878
42 878
72 169
-
pensions
2 984
2 984
3 709
-
unemployment
1 544
1 544
1 918
-
health
2 981
2 981
3 704
-
total
7 509
7 509
9 331
-
Corporate
31 639
31 113
-
-
income
6 328
6 222
-
-
total
6 328
6 222
-
-
Dividends
25 311
24 891
-
-
withholding
3 797
3 733
-
-
income
5 379
5 289
-
-
total
9 176
9 022
-
-
Income
81 500
81 500
81 500
81 500
Total tax
44 331
41 253
31 335
36 023
After tax
37 169
40 247
50 165
45 477
Living cost
21 034
21 034
21 034
21 034
Free-cash
16 135
19 213
29 131
24 443

Estimated living cost  is ₴21034 per week

₴14906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23280
₴23746
₴21217
₴21720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
5 285
unemployment
-
-
-
46
pensions
-
-
-
4 917
municipal
-
-
-
20 374
accident
-
-
-
91
national
-
-
-
5 476
health
-
-
-
2 838
total
-
-
-
39 027
Employee
29 571
-
67 209
-
national
-
-
5 197
-
municipal
8 818
-
20 042
-
total
8 818
-
25 239
-
Employer
29 571
-
67 209
-
other
3 436
-
5 285
-
accident
59
-
91
-
pensions
3 197
-
4 917
-
unemployment
781
-
1 201
-
health
1 819
-
2 797
-
total
9 292
-
14 291
-
Corporate
42 638
81 500
-
-
income
9 380
17 930
-
-
total
9 380
17 930
-
-
Dividends
33 258
63 570
-
-
withholding
9 977
19 071
-
-
total
9 977
19 071
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 467
37 001
39 530
39 027
After tax
44 033
44 499
41 970
42 473
Living cost
20 753
20 753
20 753
20 753
Free-cash
23 280
23 746
21 217
21 720

Estimated living cost  is ₴20753 per week

₴13754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2036
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28029
₴20972
₴32578
₴23011
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 567
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.

-
-
-
24 423
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.

-
-
-
3 430
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.

-
-
-
1 344
total
-
-
-
38 764
Employee

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

25 463
-
81 500
-
surtax

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

120
-
1 344
-
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.

3 430
-
3 430
-
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.

2 188
-
24 423
-
total
5 738
-
29 197
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 037
81 500
-
-
trade
9 218
13 407
-
-
income
8 405
12 225
-
-
surtax

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

462
673
-
-
chamber of commerce
156
192
-
-
total
18 241
26 497
-
-
Dividends
37 795
55 003
-
-
withholding
9 258
13 560
-
-
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.

509
746
-
-
total
9 767
14 306
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 746
40 803
29 197
38 764
After tax
47 754
40 697
52 303
42 736
Living cost
19 725
19 725
19 725
19 725
Free-cash
28 029
20 972
32 578
23 011

Estimated living cost  is ₴19725 per week

₴13192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41110
₴43192
₴39032
₴39767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
8 124
income
-
-
-
15 245
health
-
-
-
2 078
total
-
-
-
25 447
Employee
38 610
38 610
75 776
-
health
384
657
1 288
-
social contributions
1 876
3 204
4 322
-
income
4 054
3 574
14 848
-
total
6 314
7 435
20 458
-
Employer
38 610
38 610
75 776
-
social contributions
1 876
3 204
4 322
-
health
418
715
1 402
-
total
2 294
3 919
5 724
-
Corporate
56 605
38 971
-
-
income
7 076
4 871
-
-
total
7 076
4 871
-
-
Dividends
49 529
34 100
-
-
withholding
8 420
5 797
-
-
total
8 420
5 797
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 104
22 022
26 182
25 447
After tax
57 396
59 478
55 318
56 053
Living cost
16 286
16 286
16 286
16 286
Free-cash
41 110
43 192
39 032
39 767

Estimated living cost  is ₴16286 per week

₴11133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36671
₴36476
₴37921
₴47134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 223
income
-
-
-
9 963
pensions
-
-
-
8 150
health
-
-
-
5 705
total
-
-
-
25 041
Employee

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

The minimum wage is 138,000 HUF per month.

13 461
5 357
68 201
-
unemployment
202
80
1 023
-
health
942
375
4 774
-
pensions
1 346
536
6 820
-
income
1 646
655
8 338
-
total
4 136
1 646
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.

13 461
5 357
68 201
-
pensions
2 625
1 045
13 299
-
total
2 625
1 045
13 299
-
Corporate
65 414
75 098
-
-
income
5 887
6 759
-
-
total
5 887
6 759
-
-
Dividends
59 526
68 339
-
-
withholding
11 310
12 984
-
-
social contributions
11 546
13 265
-
-
total
22 856
26 249
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 504
35 699
34 254
25 041
After tax
45 996
45 801
47 246
56 459
Living cost
9 325
9 325
9 325
9 325
Free-cash
36 671
36 476
37 921
47 134

Estimated living cost  is ₴9325 per week

₴6364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴763
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49953
₴53072
₴34847
₴31556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
10 921
pensions
-
-
-
16 300
health
-
-
-
10 595
total
-
-
-
37 816
Employee
14 244
-
60 913
-
unemployment
228
-
975
-
pensions
285
-
1 219
-
income
1 604
-
11 744
-
total
2 117
-
13 938
-
Employer
14 244
-
60 913
-
pensions
2 849
-
12 182
-
unemployment
114
-
487
-
health
1 851
-
7 918
-
total
4 814
-
20 587
-
Corporate
62 441
81 500
-
-
income
12 488
16 300
-
-
total
12 488
16 300
-
-
Dividends
49 953
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
19 419
16 300
34 525
37 816
After tax
62 081
65 200
46 975
43 684
Living cost
12 128
12 128
12 128
12 128
Free-cash
49 953
53 072
34 847
31 556

Estimated living cost  is ₴12128 per week

₴8318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
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.
₴2843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4874
-₴4657
₴32707
₴44487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
190
income
-
-
-
22 191
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
25 755
Employee
17 710
-
72 860
-
health
2 028
-
8 343
-
pensions
1 994
-
3 904
-
income
2 430
-
16 648
-
total
6 452
-
28 895
-
Employer
17 710
-
72 860
-
accident
296
-
1 217
-
pensions
2 880
-
5 638
-
unemployment
434
-
1 785
-
total
3 610
-
8 640
-
Corporate
60 181
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.

54 163
73 350
-
-
total
54 163
73 350
-
-
Dividends
6 018
8 150
-
-
withholding
1 143
1 549
-
-
total
1 143
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 368
74 899
37 535
25 755
After tax
16 132
6 601
43 965
55 745
Living cost
11 258
11 258
11 258
11 258
Free-cash
4 874
-4 657
32 707
44 487

Estimated living cost  is ₴11258 per week

₴8251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴72578
₴73343
₴61118
₴76603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 103
-
81 500
-
income
1 020
-
16 300
-
total
1 020
-
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%.

76 397
81 500
-
-
total
-
-
-
-
Dividends
76 397
81 500
-
-
withholding
3 820
4 075
-
-
total
3 820
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
4 840
4 075
16 300
815
After tax
76 660
77 425
65 200
80 685
Living cost
4 082
4 082
4 082
4 082
Free-cash
72 578
73 343
61 118
76 603

Estimated living cost  is ₴4082 per week

₴2530
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴339
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43109
₴46499
₴32978
₴30887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
3 627
income
-
-
-
11 922
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.

-
-
-
18 325
health
-
-
-
3 360
total
-
-
-
37 234
Employee
18 231
-
65 096
-
unemployment
182
-
651
-
health
255
-
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.

1 276
-
4 557
-
income
3 139
-
12 620
-
total
4 852
-
18 739
-
Employer
18 231
-
65 096
-
other
912
-
3 255
-
accident
146
-
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.

3 100
-
11 066
-
unemployment
182
-
651
-
health
255
-
911
-
total
4 595
-
16 404
-
Corporate
58 674
81 500
-
-
income
12 321
17 115
-
-
total
12 321
17 115
-
-
Dividends
46 353
64 385
-
-
withholding
3 244
4 507
-
-
total
3 244
4 507
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 012
21 622
35 143
37 234
After tax
56 488
59 878
46 357
44 266
Living cost
13 379
13 379
13 379
13 379
Free-cash
43 109
46 499
32 978
30 887

Estimated living cost  is ₴13379 per week

₴9453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21436
₴21022
₴14148
₴21551
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
22 752
pensions
-
-
-
4 321
total
-
-
-
27 073
Employee
46 514
-
71 242
-
health
766
-
1 052
-
pensions
4 487
-
5 351
-
income
8 385
-
17 816
-
total
13 638
-
24 219
-
Employer
46 514
-
71 242
-
pensions
5 492
-
8 904
-
health
883
-
1 353
-
total
6 375
-
10 257
-
Corporate
28 610
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.

5 436
15 485
-
-
total
5 436
15 485
-
-
Dividends
23 175
66 015
-
-
withholding
1 739
12 117
-
-
total
1 739
12 117
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 188
27 602
34 476
27 073
After tax
54 312
53 898
47 024
54 427
Living cost
32 876
32 876
32 876
32 876
Free-cash
21 436
21 022
14 148
21 551

Estimated living cost  is ₴32876 per week

₴24634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3863
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.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴60767
₴63099
₴61130
₴58009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
12 225
pensions

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

-
-
-
2 596
health
-
-
-
2 017
total
-
-
-
16 908
Employee
8 717
-
78 059
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
807
-
pensions

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

765
-
1 540
-
income
872
-
7 806
-
total
2 134
-
10 346
-
Employer
8 717
-
78 059
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

961
-
1 933
-
unemployment
52
-
105
-
health
602
-
1 210
-
total
1 711
-
3 441
-
Corporate
71 072
81 500
-
-
income
7 107
8 150
-
-
total
7 107
8 150
-
-
Dividends
63 965
73 350
-
-
withholding
3 198
3 668
-
-
total
3 198
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 150
11 818
13 787
16 908
After tax
67 350
69 682
67 713
64 592
Living cost
6 583
6 583
6 583
6 583
Free-cash
60 767
63 099
61 130
58 009

Estimated living cost  is ₴6583 per week

₴3844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13664
₴12404
₴22322
₴17634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
23 948
pensions
-
-
-
5 883
health
-
-
-
6 192
total
-
-
-
36 023
Employee
46 552
42 878
72 169
-
health
5 808
5 598
6 192
-
pensions
5 883
5 883
5 883
-
income

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

7 019
7 019
9 929
-
total
18 710
18 500
22 004
-
Employer
46 552
42 878
72 169
-
pensions
3 240
2 984
3 709
-
unemployment
1 676
1 544
1 918
-
health
3 235
2 981
3 704
-
total
8 151
7 509
9 331
-
Corporate
26 797
31 113
-
-
income
5 360
6 222
-
-
total
5 360
6 222
-
-
Dividends
21 437
24 891
-
-
withholding
3 216
3 733
-
-
income
4 556
5 289
-
-
total
7 772
9 022
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 993
41 253
31 335
36 023
After tax
41 507
40 247
50 165
45 477
Living cost
27 843
27 843
27 843
27 843
Free-cash
13 664
12 404
22 322
17 634

Estimated living cost  is ₴27843 per week

₴20539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39152
₴43612
₴28857
₴32131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 989
income
-
-
-
7 876
health
-
-
-
11 003
solidarity contribution
-
-
-
-
total
-
-
-
36 868
Employee
18 384
-
60 821
-
solidarity contribution
-
-
-
-
health
2 482
-
8 211
-
social contributions
1 195
-
3 953
-
income
2 206
-
7 299
-
total
5 883
-
19 463
-
Employer
18 384
-
60 821
-
social contributions
4 596
-
15 205
-
health
1 655
-
5 474
-
total
6 251
-
20 679
-
Corporate
56 865
81 500
-
-
income
10 804
15 485
-
-
total
10 804
15 485
-
-
Dividends
46 061
66 015
-
-
withholding
6 909
9 902
-
-
total
6 909
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 847
25 387
40 142
36 868
After tax
51 653
56 113
41 358
44 632
Living cost
12 501
12 501
12 501
12 501
Free-cash
39 152
43 612
28 857
32 131

Estimated living cost  is ₴12501 per week

₴8683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19676
₴22296
₴14488
₴18170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
955
social contributions
-
-
-
20 962
municipal
-
-
-
484
national
-
-
-
19 742
total
-
-
-
42 143
Employee
44 625
-
81 500
-
national
7 732
-
17 068
-
regional
421
-
842
-
municipal
236
-
433
-
social contributions
15 047
-
27 482
-
total
23 436
-
45 825
-
Employer
44 625
-
81 500
-
total
-
-
-
-
Corporate
36 875
81 500
-
-
nationa
8 850
19 560
-
-
municipal
1 438
3 179
-
-
total
10 288
22 739
-
-
Dividends
26 587
58 761
-
-
withholding
6 913
15 278
-
-
total
6 913
15 278
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 637
38 017
45 825
42 143
After tax
40 863
43 483
35 675
39 357
Living cost
21 187
21 187
21 187
21 187
Free-cash
19 676
22 296
14 488
18 170

Estimated living cost  is ₴21187 per week

₴14769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
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.
₴4703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38621
₴40184
₴24429
₴27579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
21 400
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
3 166
total
-
-
-
42 841
Employee
16 605
-
67 394
-
surtax
54
-
2 646
-
unemployment
1 156
-
4 664
-
other
-
-
-
-
health
424
-
1 708
-
pensions
1 107
-
4 470
-
income
2 783
-
18 397
-
total
5 524
-
31 885
-
Employer
16 605
-
67 394
-
other
-
-
-
-
pensions
2 213
-
8 933
-
unemployment
526
-
2 124
-
health
756
-
3 049
-
total
3 495
-
14 106
-
Corporate
61 400
81 500
-
-
income
15 964
21 190
-
-
total
15 964
21 190
-
-
Dividends
45 436
60 310
-
-
withholding
6 816
9 046
-
-
total
6 816
9 046
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 799
30 236
45 991
42 841
After tax
49 701
51 264
35 509
38 659
Living cost
11 080
11 080
11 080
11 080
Free-cash
38 621
40 184
24 429
27 579

Estimated living cost  is ₴11080 per week

₴6775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34685
₴31438
₴24564
₴31967
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
22 752
pensions
-
-
-
4 321
total
-
-
-
27 073
Employee
31 173
-
71 242
-
health
453
-
1 052
-
pensions
2 646
-
5 351
-
income
5 614
-
17 816
-
total
8 713
-
24 219
-
Employer
31 173
-
71 242
-
pensions
3 374
-
8 904
-
health
592
-
1 353
-
total
3 966
-
10 257
-
Corporate
46 361
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.

8 809
15 485
-
-
total
8 809
15 485
-
-
Dividends
37 552
66 015
-
-
withholding
2 867
12 117
-
-
total
2 867
12 117
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 355
27 602
34 476
27 073
After tax
57 145
53 898
47 024
54 427
Living cost
22 460
22 460
22 460
22 460
Free-cash
34 685
31 438
24 564
31 967

Estimated living cost  is ₴22460 per week

₴16827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3714
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14611
-₴2333
₴22932
₴26893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other

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

-
-
-
1 630
city
-
-
-
859
regional
-
-
-
3 767
pensions
-
-
-
7 498
national
-
-
-
1 069
health
-
-
-
183
total
-
-
-
15 006
Employee
46 343
-
72 948
-
national
219
-
881
-
unemployment
-
-
-
-
city
497
-
784
-
regional
1 518
-
3 261
-
health
105
-
164
-
pensions
3 893
-
6 127
-
total
6 232
-
11 217
-
Employer
46 343
-
72 948
-
other

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

927
-
1 459
-
pensions
3 893
-
6 127
-
unemployment
-
-
-
-
health
105
-
164
-
total
4 925
-
7 750
-
Corporate
29 723
81 500
-
-
regional
6 287
17 238
-
-
national
2 526
6 927
-
-
total
8 813
24 165
-
-
Dividends
20 910
57 335
-
-
withholding
7 318
20 067
-
-
total
7 318
20 067
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 288
44 232
18 967
15 006
After tax
54 212
37 268
62 533
66 494
Living cost
39 601
39 601
39 601
39 601
Free-cash
14 611
-2 333
22 932
26 893

Estimated living cost  is ₴39601 per week

₴25752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25421
₴17276
₴29301
₴19327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 974
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.

-
-
-
24 423
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.

-
-
-
3 430
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.

-
-
-
1 344
total
-
-
-
39 171
Employee

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

30 176
-
81 500
-
surtax

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

195
-
1 344
-
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.

3 430
-
3 430
-
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.

3 548
-
24 423
-
total
7 173
-
29 197
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 324
81 500
-
-
trade
8 802
13 977
-
-
income
7 698
12 225
-
-
surtax

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

423
673
-
-
chamber of commerce
149
191
-
-
total
17 072
27 066
-
-
Dividends
34 252
54 434
-
-
withholding
8 372
13 418
-
-
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.

460
738
-
-
total
8 832
14 156
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 077
41 222
29 197
39 171
After tax
48 423
40 278
52 303
42 329
Living cost
23 002
23 002
23 002
23 002
Free-cash
25 421
17 276
29 301
19 327

Estimated living cost  is ₴23002 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1840
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.
₴4064
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26863
₴23896
₴28379
₴28861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
2 527
social contributions
-
-
-
2 322
income
-
-
-
12 188
pensions
-
-
-
15 194
health
-
-
-
3 229
surtax
-
-
-
-
total
-
-
-
35 460
Employee
21 490
-
63 540
-
surtax
-
-
-
-
pensions
2 430
-
4 226
-
social contributions
613
-
1 810
-
income
1 268
-
11 944
-
total
4 311
-
17 980
-
Employer
21 490
-
63 540
-
other
741
-
2 397
-
pensions
3 530
-
7 149
-
unemployment
870
-
2 574
-
social contributions
65
-
191
-
health
1 505
-
5 651
-
total
6 711
-
17 962
-
Corporate
53 299
81 500
-
-
income
14 924
22 820
-
-
surtax
-
-
-
-
total
14 924
22 820
-
-
Dividends
38 376
58 680
-
-
withholding
4 912
7 511
-
-
social contributions
6 600
10 094
-
-
surtax
-
-
-
-
total
11 512
17 605
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 458
40 425
35 942
35 460
After tax
44 042
41 075
45 558
46 040
Living cost
17 179
17 179
17 179
17 179
Free-cash
26 863
23 896
28 379
28 861

Estimated living cost  is ₴17179 per week

₴10832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28387
₴25598
₴30081
₴30563
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
2 527
social contributions
-
-
-
2 322
income
-
-
-
12 188
pensions
-
-
-
15 194
health
-
-
-
3 229
surtax
-
-
-
-
total
-
-
-
35 460
Employee
19 183
-
63 540
-
surtax
-
-
-
-
pensions
2 170
-
4 226
-
social contributions
547
-
1 810
-
income
989
-
11 944
-
total
3 706
-
17 980
-
Employer
19 183
-
63 540
-
other
662
-
2 397
-
pensions
3 152
-
7 149
-
unemployment
777
-
2 574
-
social contributions
57
-
191
-
health
1 343
-
5 651
-
total
5 991
-
17 962
-
Corporate
56 327
81 500
-
-
income
15 772
22 820
-
-
surtax
-
-
-
-
total
15 772
22 820
-
-
Dividends
40 555
58 680
-
-
withholding
5 191
7 511
-
-
social contributions
6 976
10 094
-
-
surtax
-
-
-
-
total
12 167
17 605
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 636
40 425
35 942
35 460
After tax
43 864
41 075
45 558
46 040
Living cost
15 477
15 477
15 477
15 477
Free-cash
28 387
25 598
30 081
30 563

Estimated living cost  is ₴15477 per week

₴8976
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
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.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39336
₴39076
₴40215
₴41692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
11 247
income
-
-
-
12 225
health
-
-
-
5 689
total
-
-
-
29 161
Employee
17 025
-
81 500
-
health
1 188
-
5 689
-
social contributions
2 350
-
11 247
-
income
2 840
-
13 702
-
total
6 378
-
30 638
-
Employer
17 025
-
81 500
-
total
-
-
-
-
Corporate
64 475
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%.

3 224
4 075
-
-
total
3 224
4 075
-
-
Dividends
61 252
77 425
-
-
health
4 275
5 405
-
-
withholding
9 187
11 613
-
-
social contributions
8 453
10 684
-
-
total
21 915
27 702
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 517
31 777
30 638
29 161
After tax
49 983
49 723
50 862
52 339
Living cost
10 647
10 647
10 647
10 647
Free-cash
39 336
39 076
40 215
41 692

Estimated living cost  is ₴10647 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26689
₴27467
₴3785
₴24117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
326
unemployment
-
-
-
3 080
income
-
-
-
20 846
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
99
total
-
-
-
39 690
Employee
25 093
20 010
64 121
-
unemployment
753
600
1 760
-
other
251
200
587
-
health
971
775
2 270
-
pensions
2 570
2 049
6 007
-
income
2 857
1 476
16 466
-
total
7 402
5 100
27 090
-
Employer
25 093
20 010
64 121
-
payroll
753
600
1 924
-
other
1 192
950
2 999
-
accident
326
260
762
-
pensions
3 149
2 512
7 362
-
unemployment
753
600
1 760
-
chamber of commerce
100
80
256
-
surtax
99
99
99
-
health
948
757
2 217
-
total
7 320
5 858
17 379
-
Corporate
49 087
55 632
62 215
-
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.

12 272
13 908
15 553
-
total
12 272
13 908
15 553
-
Dividends
36 815
41 724
-
-
withholding
10 124
11 474
-
-
total
10 124
11 474
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 118
36 340
60 022
39 690
After tax
44 382
45 160
21 478
41 810
Living cost
17 693
17 693
17 693
17 693
Free-cash
26 689
27 467
3 785
24 117

Estimated living cost  is ₴17693 per week

₴11800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19755
₴27287
₴10774
₴16981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 518
national
-
-
-
29 554
communal

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

-
-
-
4 139
total
-
-
-
46 211
Employee

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

35 916
-
63 125
-
national
11 042
-
22 501
-
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.

313
-
549
-
health

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

1 688
-
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.

2 694
-
4 735
-
communal

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

1 873
-
3 292
-
total
17 610
-
34 044
-
Employer

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

35 916
-
63 125
-
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.

467
-
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.

3 183
-
5 593
-
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.

524
-
921
-
surtax
4 073
-
7 158
-
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.

2 209
-
3 882
-
total
10 456
-
18 374
-
Corporate
35 129
81 500
-
-
income
7 025
16 300
-
-
surtax
140
326
-
-
total
7 165
16 626
-
-
Dividends
27 963
64 875
-
-
withholding

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

8 206
19 279
-
-
total
8 206
19 279
-
-
Income
81 500
81 500
81 500
81 500
Total tax
43 437
35 905
52 418
46 211
After tax
38 063
45 595
29 082
35 289
Living cost
18 308
18 308
18 308
18 308
Free-cash
19 755
27 287
10 774
16 981

Estimated living cost  is ₴18308 per week

₴11793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
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.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32707
₴36276
₴25575
₴27682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
21 723
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
35 685
Employee
24 994
-
66 663
-
unemployment
388
-
721
-
other
25
-
47
-
pensions
1 175
-
2 188
-
income
5 274
-
19 999
-
total
6 862
-
22 955
-
Employer
24 994
-
66 663
-
other
199
-
373
-
accident
495
-
921
-
pensions
5 898
-
10 984
-
unemployment
1 375
-
2 559
-
total
7 967
-
14 837
-
Corporate
48 539
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.

7 281
12 225
-
-
total
7 281
12 225
-
-
Dividends
41 258
69 275
-
-
withholding
8 550
14 866
-
-
total
8 550
14 866
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 660
27 091
37 792
35 685
After tax
50 840
54 409
43 708
45 815
Living cost
18 133
18 133
18 133
18 133
Free-cash
32 707
36 276
25 575
27 682

Estimated living cost  is ₴18133 per week

₴13353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
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.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14719
₴20807
₴17034
₴13784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
12 608
pensions
-
-
-
12 216
accident
-
-
-
687
communal
-
-
-
5 151
health
-
-
-
5 727
surtax
-
-
-
4 040
total
-
-
-
40 429
Employee
38 025
-
72 800
-
surtax
2 331
-
4 461
-
health
1 692
-
3 240
-
pensions
3 042
-
5 824
-
income
3 673
-
14 954
-
total
10 738
-
28 479
-
Employer
38 025
-
72 800
-
accident
342
-
656
-
pensions
3 042
-
5 824
-
health
1 160
-
2 220
-
total
4 544
-
8 700
-
Corporate
38 932
81 500
-
-
income
5 840
12 225
-
-
communal
2 628
5 501
-
-
surtax
409
856
-
-
total
8 877
18 582
-
-
Dividends
30 055
62 918
-
-
withholding
4 508
9 438
-
-
income
10 827
5 386
-
-
total
15 335
14 824
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 494
33 406
37 179
40 429
After tax
42 006
48 094
44 321
41 071
Living cost
27 287
27 287
27 287
27 287
Free-cash
14 719
20 807
17 034
13 784

Estimated living cost  is ₴27287 per week

₴20469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1653
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38388
₴39986
₴24231
₴27381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
21 400
pensions
-
-
-
13 403
health
-
-
-
4 758
surtax
-
-
-
3 166
total
-
-
-
42 841
Employee
16 909
-
67 394
-
surtax
60
-
2 646
-
unemployment
1 177
-
4 664
-
other
-
-
-
-
health
432
-
1 708
-
pensions
1 128
-
4 470
-
income
2 835
-
18 397
-
total
5 632
-
31 885
-
Employer
16 909
-
67 394
-
other
-
-
-
-
pensions
2 254
-
8 933
-
unemployment
536
-
2 124
-
health
769
-
3 049
-
total
3 559
-
14 106
-
Corporate
61 031
81 500
-
-
income
15 868
21 190
-
-
total
15 868
21 190
-
-
Dividends
45 163
60 310
-
-
withholding
6 775
9 046
-
-
total
6 775
9 046
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 834
30 236
45 991
42 841
After tax
49 666
51 264
35 509
38 659
Living cost
11 278
11 278
11 278
11 278
Free-cash
38 388
39 986
24 231
27 381

Estimated living cost  is ₴11278 per week

₴6809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
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.
₴3227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28197
₴29312
₴21895
₴25557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions
-
-
-
20 962
municipal
-
-
-
484
national
-
-
-
19 742
total
-
-
-
42 417
Employee
27 853
-
81 500
-
national
4 413
-
17 068
-
regional
375
-
1 096
-
municipal
148
-
433
-
social contributions
9 392
-
27 482
-
total
14 328
-
46 079
-
Employer
27 853
-
81 500
-
total
-
-
-
-
Corporate
53 647
81 500
-
-
nationa
12 875
19 560
-
-
municipal
2 666
4 051
-
-
total
15 541
23 611
-
-
Dividends
38 106
57 889
-
-
withholding
9 908
15 051
-
-
total
9 908
15 051
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 777
38 662
46 079
42 417
After tax
41 723
42 838
35 421
39 083
Living cost
13 526
13 526
13 526
13 526
Free-cash
28 197
29 312
21 895
25 557

Estimated living cost  is ₴13526 per week

₴8412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35212
₴40708
₴25953
₴29227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 989
income
-
-
-
7 876
health
-
-
-
11 003
solidarity contribution
-
-
-
-
total
-
-
-
36 868
Employee
22 654
-
60 821
-
solidarity contribution
-
-
-
-
health
3 058
-
8 211
-
social contributions
1 473
-
3 953
-
income
2 718
-
7 299
-
total
7 249
-
19 463
-
Employer
22 654
-
60 821
-
social contributions
5 664
-
15 205
-
health
2 039
-
5 474
-
total
7 703
-
20 679
-
Corporate
51 144
81 500
-
-
income
9 717
15 485
-
-
total
9 717
15 485
-
-
Dividends
41 426
66 015
-
-
withholding
6 214
9 902
-
-
total
6 214
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 883
25 387
40 142
36 868
After tax
50 617
56 113
41 358
44 632
Living cost
15 405
15 405
15 405
15 405
Free-cash
35 212
40 708
25 953
29 227

Estimated living cost  is ₴15405 per week

₴11456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴853
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.
₴2829
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28947
₴29195
₴5490
₴25890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
326
unemployment
-
-
-
3 080
income
-
-
-
20 846
pensions
-
-
-
10 852
health
-
-
-
4 487
surtax
-
-
-
-
total
-
-
-
39 591
Employee
21 949
20 010
64 212
-
unemployment
658
600
1 760
-
other
219
200
587
-
health
849
775
2 270
-
pensions
2 248
2 049
6 007
-
income
1 955
1 476
16 504
-
total
5 929
5 100
27 128
-
Employer
21 949
20 010
64 212
-
payroll
658
600
1 927
-
other
1 042
950
3 002
-
accident
285
260
762
-
pensions
2 755
2 512
7 362
-
unemployment
658
600
1 760
-
chamber of commerce
88
80
257
-
surtax
-
-
-
-
health
830
757
2 217
-
total
6 316
5 759
17 287
-
Corporate
53 235
55 731
62 307
-
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.

13 309
13 933
15 576
-
total
13 309
13 933
15 576
-
Dividends
39 926
41 798
-
-
withholding
10 980
11 494
-
-
total
10 980
11 494
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 534
36 286
59 991
39 591
After tax
44 966
45 214
21 509
41 909
Living cost
16 019
16 019
16 019
16 019
Free-cash
28 947
29 195
5 490
25 890

Estimated living cost  is ₴16019 per week

₴9610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴69870
₴71063
₴58838
₴74323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
microenterprise

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

-
-
-
815
total
-
-
-
815
Employee
7 952
-
81 500
-
income
1 591
-
16 300
-
total
1 591
-
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%.

73 548
81 500
-
-
total
-
-
-
-
Dividends
73 548
81 500
-
-
withholding
3 677
4 075
-
-
total
3 677
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
5 268
4 075
16 300
815
After tax
76 232
77 425
65 200
80 685
Living cost
6 362
6 362
6 362
6 362
Free-cash
69 870
71 063
58 838
74 323

Estimated living cost  is ₴6362 per week

₴4305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴267
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38446
₴42645
₴24530
₴26690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
122
income
-
-
-
18 317
pensions
-
-
-
14 884
health
-
-
-
8 019
total
-
-
-
41 342
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.

22 204
-
70 520
-
unemployment
31
-
99
-
health
1 434
-
4 556
-
pensions
3 442
-
10 930
-
income
3 829
-
16 937
-
total
8 736
-
32 522
-
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.

22 204
-
70 520
-
pensions
1 965
-
6 241
-
unemployment
13
-
42
-
health
1 479
-
4 697
-
total
3 457
-
10 980
-
Corporate
55 839
81 500
-
-
income
10 609
15 485
-
-
total
10 609
15 485
-
-
Dividends
45 230
66 015
-
-
withholding
6 784
9 902
-
-
total
6 784
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 586
25 387
43 502
41 342
After tax
51 914
56 113
37 998
40 158
Living cost
13 468
13 468
13 468
13 468
Free-cash
38 446
42 645
24 530
26 690

Estimated living cost  is ₴13468 per week

₴9243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
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.
₴3102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4591
₴28183
₴53572
₴34921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 688
-
-
-
social contributions
2 516
-
359
-
income
6 769
-
-
-
total
9 285
-
359
-
Employer
30 688
-
-
-
social contributions
43 269
-
6 167
-
total
43 269
-
6 167
-
Corporate
7 543
81 500
-
-
income
1 659
17 930
-
-
total
1 659
17 930
-
-
Dividends
5 884
63 570
-
-
income
1 294
13 985
-
-
total
1 294
13 985
-
-
Income
81 500
81 500
81 500
81 500
Total tax
55 507
31 915
6 526
25 177
After tax
25 993
49 585
74 974
56 323
Living cost
21 402
21 402
21 402
21 402
Free-cash
4 591
28 183
53 572
34 921

Estimated living cost  is ₴21402 per week

₴13886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30102
₴30607
₴22164
₴28157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 322
income
-
-
-
9 271
surtax
-
-
-
-
total
-
-
-
37 593
Employee
23 093
-
65 859
-
surtax
-
-
-
-
social contributions
2 540
-
7 245
-
income
4 803
-
20 700
-
total
7 343
-
27 945
-
Employer
23 093
-
65 859
-
social contributions
5 485
-
15 641
-
total
5 485
-
15 641
-
Corporate
52 922
81 500
-
-
income
11 114
17 115
-
-
surtax
-
-
-
-
total
11 114
17 115
-
-
Dividends
41 808
64 385
-
-
withholding
11 706
18 028
-
-
total
11 706
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 648
35 143
43 586
37 593
After tax
45 852
46 357
37 914
43 907
Living cost
15 750
15 750
15 750
15 750
Free-cash
30 102
30 607
22 164
28 157

Estimated living cost  is ₴15750 per week

₴11784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20276
₴16824
₴21307
₴21789
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
2 527
social contributions
-
-
-
2 322
income
-
-
-
12 188
pensions
-
-
-
15 194
health
-
-
-
3 229
surtax
-
-
-
-
total
-
-
-
35 460
Employee
31 448
-
63 540
-
surtax
-
-
-
-
pensions
3 557
-
4 226
-
social contributions
896
-
1 810
-
income
2 744
-
11 944
-
total
7 197
-
17 980
-
Employer
31 448
-
63 540
-
other
1 085
-
2 397
-
pensions
5 167
-
7 149
-
unemployment
1 274
-
2 574
-
social contributions
94
-
191
-
health
2 201
-
5 651
-
total
9 821
-
17 962
-
Corporate
40 230
81 500
-
-
income
11 265
22 820
-
-
surtax
-
-
-
-
total
11 265
22 820
-
-
Dividends
28 965
58 680
-
-
withholding
3 708
7 511
-
-
social contributions
4 982
10 094
-
-
surtax
-
-
-
-
total
8 690
17 605
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 973
40 425
35 942
35 460
After tax
44 527
41 075
45 558
46 040
Living cost
24 251
24 251
24 251
24 251
Free-cash
20 276
16 824
21 307
21 789

Estimated living cost  is ₴24251 per week

₴16413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5522
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56570
₴58257
₴47334
₴45169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 308
social contributions
-
-
-
17 930
total
-
-
-
21 238
Employee
16 142
-
70 562
-
social contributions
1 049
-
4 587
-
income
-
-
3 548
-
total
1 049
-
8 135
-
Employer
16 142
-
70 562
-
social contributions
2 502
-
10 938
-
total
2 502
-
10 938
-
Corporate
62 855
81 500
-
-
income
6 286
8 150
-
-
total
6 286
8 150
-
-
Dividends
56 569
73 350
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
9 837
8 150
19 073
21 238
After tax
71 663
73 350
62 427
60 262
Living cost
15 093
15 093
15 093
15 093
Free-cash
56 570
58 257
47 334
45 169

Estimated living cost  is ₴15093 per week

₴9759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27738
-₴27738
-₴27738
₴24314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
435
municipal
-
-
-
16 775
labour market
-
-
-
6 485
national
-
-
-
9 345
total
-
-
-
33 040
Employee
101 915
101 915
101 915
-
national
12 451
12 451
12 451
-
municipal
21 702
21 702
21 702
-
labour market
8 142
8 142
8 142
-
pensions
145
145
145
-
total
42 440
42 440
42 440
-
Employer
101 915
101 915
101 915
-
municipal
21 737
21 737
21 737
-
pensions
290
290
290
-
national
12 472
12 472
12 472
-
labour market
8 153
8 153
8 153
-
total
42 652
42 652
42 652
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
85 092
85 092
85 092
33 040
After tax
-3 592
-3 592
-3 592
48 460
Living cost
24 146
24 146
24 146
24 146
Free-cash
-27 738
-27 738
-27 738
24 314

Estimated living cost  is ₴24146 per week

₴16526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4901
-₴4491
₴32873
₴44653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
190
income
-
-
-
22 191
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
25 755
Employee
17 449
-
72 860
-
health
1 998
-
8 343
-
pensions
1 965
-
3 904
-
income
2 394
-
16 648
-
total
6 357
-
28 895
-
Employer
17 449
-
72 860
-
accident
291
-
1 217
-
pensions
2 837
-
5 638
-
unemployment
428
-
1 785
-
total
3 556
-
8 640
-
Corporate
60 495
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.

54 445
73 350
-
-
total
54 445
73 350
-
-
Dividends
6 050
8 150
-
-
withholding
1 149
1 549
-
-
total
1 149
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 507
74 899
37 535
25 755
After tax
15 993
6 601
43 965
55 745
Living cost
11 092
11 092
11 092
11 092
Free-cash
4 901
-4 491
32 873
44 653

Estimated living cost  is ₴11092 per week

₴8074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33321
₴32224
₴23920
₴34300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14 481
national
-
-
-
12 397
health
-
-
-
1 045
total
-
-
-
27 923
Employee
26 417
-
68 562
-
national
436
-
7 693
-
unemployment
396
-
1 028
-
health
197
-
846
-
municipal
4 327
-
11 170
-
pensions
1 783
-
4 628
-
total
7 139
-
25 365
-
Employer
26 417
-
68 562
-
accident
27
-
69
-
pensions
4 583
-
11 895
-
unemployment
172
-
446
-
health
203
-
528
-
total
4 985
-
12 938
-
Corporate
50 098
81 500
-
-
income
10 019
16 300
-
-
total
10 019
16 300
-
-
Dividends

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

30 059
48 900
-
-
municipal
5 410
8 802
-
-
national
1 349
4 897
-
-
total
6 759
13 699
-
-
Income
81 500
81 500
81 500
81 500
Total tax
28 902
29 999
38 303
27 923
After tax
52 598
51 501
43 197
53 577
Living cost
19 278
19 278
19 278
19 278
Free-cash
33 321
32 224
23 920
34 300

Estimated living cost  is ₴19278 per week

₴12592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴45119
₴47853
₴43693
₴44428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
8 124
income
-
-
-
15 245
health
-
-
-
2 078
total
-
-
-
25 447
Employee
38 610
38 610
75 776
-
health
299
657
1 288
-
social contributions
1 460
3 204
4 322
-
income
4 204
3 574
14 848
-
total
5 963
7 435
20 458
-
Employer
38 610
38 610
75 776
-
social contributions
1 460
3 204
4 322
-
health
325
715
1 402
-
total
1 785
3 919
5 724
-
Corporate
62 127
38 971
-
-
income
7 766
4 871
-
-
total
7 766
4 871
-
-
Dividends
54 361
34 100
-
-
withholding
9 242
5 797
-
-
total
9 242
5 797
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 756
22 022
26 182
25 447
After tax
56 744
59 478
55 318
56 053
Living cost
11 625
11 625
11 625
11 625
Free-cash
45 119
47 853
43 693
44 428

Estimated living cost  is ₴11625 per week

₴6967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3261
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴56964
₴59518
₴50197
₴60268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
8 235
pensions
-
-
-
3 194
health
-
-
-
1 817
total
-
-
-
13 260
Employee

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

11 525
-
76 593
-
unemployment
57
-
238
-
health
980
-
4 050
-
pensions
1 728
-
7 146
-
income
788
-
6 990
-
total
3 553
-
18 424
-
Employer

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

11 525
-
76 593
-
pensions
634
-
2 620
-
unemployment
57
-
238
-
health
495
-
2 049
-
total
1 186
-
4 907
-
Corporate
68 788
81 500
-
-
income
6 191
7 335
-
-
total
6 191
7 335
-
-
Dividends
62 598
74 165
-
-
withholding
5 634
6 675
-
-
total
5 634
6 675
-
-
Income
81 500
81 500
81 500
81 500
Total tax
16 564
14 010
23 331
13 260
After tax
64 936
67 490
58 169
68 240
Living cost
7 972
7 972
7 972
7 972
Free-cash
56 964
59 518
50 197
60 268

Estimated living cost  is ₴7972 per week

₴5086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38384
₴40601
₴29900
₴32007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
21 723
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
35 685
Employee
18 566
-
66 663
-
unemployment
288
-
721
-
other
18
-
47
-
pensions
873
-
2 188
-
income
3 579
-
19 999
-
total
4 758
-
22 955
-
Employer
18 566
-
66 663
-
other
149
-
373
-
accident
368
-
921
-
pensions
4 381
-
10 984
-
unemployment
1 021
-
2 559
-
total
5 919
-
14 837
-
Corporate
57 015
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.

8 552
12 225
-
-
total
8 552
12 225
-
-
Dividends
48 463
69 275
-
-
withholding
10 079
14 866
-
-
total
10 079
14 866
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 308
27 091
37 792
35 685
After tax
52 192
54 409
43 708
45 815
Living cost
13 808
13 808
13 808
13 808
Free-cash
38 384
40 601
29 900
32 007

Estimated living cost  is ₴13808 per week

₴9320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
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.
₴2919
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49745
₴49902
₴51392
₴51460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
27 885
pensions
-
-
-
696
health
-
-
-
505
total
-
-
-
29 086
Employee
1 453
-
80 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
27 848
-
total
500
-
28 370
-
Employer
1 453
-
80 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
331
-
total
327
-
784
-
Corporate
79 720
81 500
-
-
income
17 538
17 930
-
-
total
17 538
17 930
-
-
Dividends
62 181
63 570
-
-
withholding
12 436
12 714
-
-
total
12 436
12 714
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 801
30 644
29 154
29 086
After tax
50 699
50 856
52 346
52 414
Living cost
954
954
954
954
Free-cash
49 745
49 902
51 392
51 460

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47749
₴50215
₴40547
₴40546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
556
income
-
-
-
18 281
pensions
-
-
-
9 632
health
-
-
-
3 816
total
-
-
-
32 285
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.

13 072
-
74 869
-
unemployment
98
-
278
-
health
673
-
1 908
-
pensions
1 830
-
5 186
-
income
1 802
-
18 281
-
total
4 403
-
25 653
-
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.

13 072
-
74 869
-
pensions
1 569
-
4 445
-
unemployment
98
-
278
-
health
673
-
1 908
-
total
2 340
-
6 631
-
Corporate
66 088
81 500
-
-
income
9 913
12 225
-
-
total
9 913
12 225
-
-
Dividends
56 175
69 275
-
-
withholding
8 426
10 391
-
-
total
8 426
10 391
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 082
22 616
32 284
32 285
After tax
56 418
58 884
49 216
49 215
Living cost
8 669
8 669
8 669
8 669
Free-cash
47 749
50 215
40 547
40 546

Estimated living cost  is ₴8669 per week

₴5837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32639
₴32820
₴24377
₴30370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 322
income
-
-
-
9 271
surtax
-
-
-
-
total
-
-
-
37 593
Employee
19 488
-
65 859
-
surtax
-
-
-
-
social contributions
2 144
-
7 245
-
income
3 808
-
20 700
-
total
5 952
-
27 945
-
Employer
19 488
-
65 859
-
social contributions
4 628
-
15 641
-
total
4 628
-
15 641
-
Corporate
57 384
81 500
-
-
income
12 051
17 115
-
-
surtax
-
-
-
-
total
12 051
17 115
-
-
Dividends
45 333
64 385
-
-
withholding
12 693
18 028
-
-
total
12 693
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 324
35 143
43 586
37 593
After tax
46 176
46 357
37 914
43 907
Living cost
13 537
13 537
13 537
13 537
Free-cash
32 639
32 820
24 377
30 370

Estimated living cost  is ₴13537 per week

₴9588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33367
₴36763
₴26062
₴28169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
21 723
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
35 685
Employee
24 250
-
66 663
-
unemployment
375
-
721
-
other
24
-
47
-
pensions
1 140
-
2 188
-
income
5 065
-
19 999
-
total
6 604
-
22 955
-
Employer
24 250
-
66 663
-
other
194
-
373
-
accident
480
-
921
-
pensions
5 723
-
10 984
-
unemployment
1 334
-
2 559
-
total
7 731
-
14 837
-
Corporate
49 519
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.

7 428
12 225
-
-
total
7 428
12 225
-
-
Dividends
42 091
69 275
-
-
withholding
8 724
14 866
-
-
total
8 724
14 866
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 487
27 091
37 792
35 685
After tax
51 013
54 409
43 708
45 815
Living cost
17 646
17 646
17 646
17 646
Free-cash
33 367
36 763
26 062
28 169

Estimated living cost  is ₴17646 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
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.
₴3353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57984
₴61044
₴59075
₴55954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
12 225
pensions

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

-
-
-
2 596
health
-
-
-
2 017
total
-
-
-
16 908
Employee
11 438
-
78 059
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
807
-
pensions

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

1 004
-
1 540
-
income
1 144
-
7 806
-
total
2 800
-
10 346
-
Employer
11 438
-
78 059
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 260
-
1 933
-
unemployment
69
-
105
-
health
789
-
1 210
-
total
2 244
-
3 441
-
Corporate
67 818
81 500
-
-
income
6 782
8 150
-
-
total
6 782
8 150
-
-
Dividends
61 036
73 350
-
-
withholding
3 052
3 668
-
-
total
3 052
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 878
11 818
13 787
16 908
After tax
66 622
69 682
67 713
64 592
Living cost
8 638
8 638
8 638
8 638
Free-cash
57 984
61 044
59 075
55 954

Estimated living cost  is ₴8638 per week

₴5713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29140
₴22571
₴32918
₴24573
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 345
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.

-
-
-
24 423
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.

-
-
-
3 430
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.

-
-
-
1 344
total
-
-
-
37 542
Employee

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

24 983
-
81 500
-
surtax

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

113
-
1 344
-
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.

3 430
-
3 430
-
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.

2 054
-
24 423
-
total
5 597
-
29 197
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 517
81 500
-
-
trade
8 110
11 695
-
-
income
8 478
12 225
-
-
surtax

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

466
673
-
-
chamber of commerce
159
195
-
-
total
17 213
24 788
-
-
Dividends
39 304
56 711
-
-
withholding
9 635
13 987
-
-
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.

530
769
-
-
total
10 165
14 756
-
-
Income
81 500
81 500
81 500
81 500
Total tax
32 975
39 544
29 197
37 542
After tax
48 525
41 956
52 303
43 958
Living cost
19 385
19 385
19 385
19 385
Free-cash
29 140
22 571
32 918
24 573

Estimated living cost  is ₴19385 per week

₴13372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29556
₴28447
₴15160
₴15160
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 436
income
-
-
-
24 301
total
-
-
-
37 737
Employee
39 276
-
81 500
-
social contributions
3 263
-
13 436
-
income
7 411
-
24 301
-
total
10 674
-
37 737
-
Employer
39 276
-
81 500
-
total
-
-
-
-
Corporate
42 224
81 500
-
-
income
5 278
10 188
-
-
total
5 278
10 188
-
-
Dividends
36 946
71 312
-
-
withholding
7 389
14 262
-
-
total
7 389
14 262
-
-
Income
81 500
81 500
81 500
81 500
Total tax
23 341
24 450
37 737
37 737
After tax
58 159
57 050
43 763
43 763
Living cost
28 603
28 603
28 603
28 603
Free-cash
29 556
28 447
15 160
15 160

Estimated living cost  is ₴28603 per week

₴21760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2331
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33850
₴32095
₴40144
₴45928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 052
income
-
-
-
14 293
total
-
-
-
17 345
Employee
23 034
-
79 190
-
social contributions
2 308
-
2 310
-
income
2 499
-
18 509
-
total
4 807
-
20 819
-
Employer
23 034
-
79 190
-
social contributions
2 308
-
2 310
-
total
2 308
-
2 310
-
Corporate
56 158
81 500
-
-
income
19 655
28 525
-
-
total
19 655
28 525
-
-
Dividends
36 503
52 975
-
-
social contributions
2 653
2 653
-
-
total
2 653
2 653
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 423
31 178
23 129
17 345
After tax
52 077
50 322
58 371
64 155
Living cost
18 227
18 227
18 227
18 227
Free-cash
33 850
32 095
40 144
45 928

Estimated living cost  is ₴18227 per week

₴12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
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.
₴4504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38551
₴35639
₴28765
₴36168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
22 752
pensions
-
-
-
4 321
total
-
-
-
27 073
Employee
25 063
-
71 242
-
health
327
-
1 052
-
pensions
1 913
-
5 351
-
income
4 564
-
17 816
-
total
6 804
-
24 219
-
Employer
25 063
-
71 242
-
pensions
2 532
-
8 904
-
health
476
-
1 353
-
total
3 008
-
10 257
-
Corporate
53 428
81 500
-
-
income

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

10 151
15 485
-
-
total
10 151
15 485
-
-
Dividends
43 277
66 015
-
-
withholding
4 727
12 117
-
-
total
4 727
12 117
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 690
27 602
34 476
27 073
After tax
56 810
53 898
47 024
54 427
Living cost
18 259
18 259
18 259
18 259
Free-cash
38 551
35 639
28 765
36 168

Estimated living cost  is ₴18259 per week

₴12526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4731
-₴5590
₴31774
₴43554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other
-
-
-
190
income
-
-
-
22 191
pensions
-
-
-
2 129
accident
-
-
-
129
health
-
-
-
1 116
total
-
-
-
25 755
Employee
19 176
-
72 860
-
health
2 196
-
8 343
-
pensions
2 159
-
3 904
-
income
2 631
-
16 648
-
total
6 986
-
28 895
-
Employer
19 176
-
72 860
-
accident
320
-
1 217
-
pensions
3 118
-
5 638
-
unemployment
470
-
1 785
-
total
3 908
-
8 640
-
Corporate
58 416
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.

52 574
73 350
-
-
total
52 574
73 350
-
-
Dividends
5 842
8 150
-
-
withholding
1 110
1 549
-
-
total
1 110
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
64 578
74 899
37 535
25 755
After tax
16 922
6 601
43 965
55 745
Living cost
12 191
12 191
12 191
12 191
Free-cash
4 731
-5 590
31 774
43 554

Estimated living cost  is ₴12191 per week

₴8946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59452
₴61800
₴50345
₴39305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
964
income
-
-
-
13 332
pensions
-
-
-
14 774
health insurance
-
-
-
5 942
work injury
-
-
-
401
total
-
-
-
35 413
Employee

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

10 851
-
81 500
-
health insurance
803
-
2 971
-
unemployment
130
-
482
-
work injury
54
-
201
-
pensions
1 997
-
7 387
-
income
1 085
-
13 332
-
total
4 069
-
24 373
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 649
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%.

706
815
-
-
total
706
815
-
-
Dividends
69 943
80 685
-
-
withholding
10 491
12 103
-
-
total
10 491
12 103
-
-
Income
81 500
81 500
81 500
81 500
Total tax
15 266
12 918
24 373
35 413
After tax
66 234
68 582
57 127
46 087
Living cost
6 782
6 782
6 782
6 782
Free-cash
59 452
61 800
50 345
39 305

Estimated living cost  is ₴6782 per week

₴4201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20641
₴22925
₴14812
₴18389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 859
social contributions
-
-
-
20 962
municipal
-
-
-
545
national
-
-
-
19 742
total
-
-
-
43 108
Employee
42 311
-
81 500
-
national
7 150
-
17 068
-
regional
639
-
1 649
-
municipal
253
-
486
-
social contributions
14 267
-
27 482
-
total
22 309
-
46 685
-
Employer
42 311
-
81 500
-
total
-
-
-
-
Corporate
39 189
81 500
-
-
nationa
9 406
19 560
-
-
municipal
1 889
3 929
-
-
total
11 295
23 489
-
-
Dividends
27 895
58 011
-
-
withholding
7 252
15 083
-
-
total
7 252
15 083
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 856
38 572
46 685
43 108
After tax
40 644
42 928
34 815
38 392
Living cost
20 003
20 003
20 003
20 003
Free-cash
20 641
22 925
14 812
18 389

Estimated living cost  is ₴20003 per week

₴14051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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