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
₴26316
₴37319
₴28060
₴31719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
income

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

-
-
-
24 687
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.

-
-
-
1 358
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.

-
-
-
3 338
trade
-
-
-
9 259
total
-
-
-
38 642
Employee

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

18 686
-
81 500
-
surtax

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

29
-
1 358
-
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.

522
-
24 687
-
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.

3 338
-
3 338
-
total
3 889
-
29 383
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 814
81 500
-
-
income
9 422
12 225
-
-
surtax

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

518
672
-
-
chamber of commerce
164
191
-
-
trade
9 893
12 836
-
-
total
19 997
25 924
-
-
Dividends
42 816
55 576
-
-
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.

579
754
-
-
withholding
10 518
13 708
-
-
total
11 097
14 462
-
-
Income
81 500
81 500
81 500
81 500
Total tax
34 983
40 386
29 383
38 642
After tax
46 517
41 114
52 117
42 858
Living cost
14 798
14 798
14 798
14 798
Free-cash
31 719
26 316
37 319
28 060

Estimated living cost  is ₴14798 per week

₴9308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24695
₴22730
₴22089
₴24260
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
876
municipal
-
-
-
8 862
national
-
-
-
13 732
pensions
-
-
-
9 780
total
-
-
-
33 250
Employee
40 555
-
70 456
-
municipal
5 009
-
9 177
-
pensions
1 622
-
2 818
-
national
7 762
-
14 221
-
total
14 393
-
26 216
-
Employer
40 555
-
70 456
-
pensions
3 244
-
5 636
-
social contributions
436
-
757
-
total
3 680
-
6 393
-
Corporate
34 588
81 500
-
-
income

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

6 918
16 300
-
-
total
6 918
16 300
-
-
Dividends
27 670
65 200
-
-
withholding
6 088
14 344
-
-
total
6 088
14 344
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 079
30 644
32 609
33 250
After tax
50 421
50 856
48 891
48 250
Living cost
26 161
26 161
26 161
26 161
Free-cash
24 260
24 695
22 730
22 089

Estimated living cost  is ₴26161 per week

₴17782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴55036
₴23454
₴17570
₴51028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
81 500
income
-
-
-
14 266
surtax
-
-
-
20 782
social contributions

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

-
-
-
18 718
microenterprise
-
-
-
-
total
-
-
-
53 766
Employee
14 276
-
60 787
-
surtax
-
-
8 814
-
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.

1 571
-
6 405
-
income
2 541
-
11 951
-
total
4 112
-
27 170
-
Employer
14 276
-
60 787
-
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.

3 439
-
14 026
-
surtax
-
-
6 686
-
total
3 439
-
20 712
-
Corporate
63 786
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%.

12 757
16 300
-
-
total
12 757
16 300
-
-
Dividends

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

51 029
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
20 308
16 300
47 882
53 766
After tax
61 192
65 200
33 618
27 734
Living cost
10 164
10 164
10 164
10 164
Free-cash
51 028
55 036
23 454
17 570

Estimated living cost  is ₴10164 per week

₴6484
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19816
₴29959
₴24846
₴16822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
24 440
health
-
-
-
6 024
pensions
-
-
-
5 724
total
-
-
-
36 188
Employee
41 720
41 720
72 421
-
pensions
7 510
5 724
5 724
-
income

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

6 829
6 829
10 248
-
health
6 404
5 447
6 024
-
total
20 743
18 000
21 996
-
Employer
41 720
41 720
72 421
-
health
2 900
2 900
3 604
-
pensions
2 904
2 904
3 609
-
unemployment
1 502
1 502
1 866
-
total
7 306
7 306
9 079
-
Corporate
32 986
32 474
-
-
income
6 597
6 494
-
-
total
6 597
6 494
-
-
Dividends
26 389
25 980
-
-
income
5 608
5 521
-
-
withholding
3 958
3 897
-
-
total
9 566
9 418
-
-
Income
81 500
81 500
81 500
81 500
Total tax
44 212
41 218
31 075
36 188
After tax
37 288
40 282
50 425
45 312
Living cost
20 466
20 466
20 466
20 466
Free-cash
16 822
19 816
29 959
24 846

Estimated living cost  is ₴20466 per week

₴14504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1845
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.
₴3792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24518
₴21797
₴22282
₴24069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
88
other
-
-
-
5 089
unemployment
-
-
-
44
health
-
-
-
2 732
municipal
-
-
-
20 520
national
-
-
-
6 030
pensions
-
-
-
4 734
total
-
-
-
39 237
Employee
28 471
-
67 741
-
municipal
8 490
-
20 200
-
national
-
-
5 762
-
total
8 490
-
25 962
-
Employer
28 471
-
67 741
-
health
1 751
-
2 693
-
pensions
3 078
-
4 734
-
accident
57
-
88
-
unemployment
752
-
1 156
-
other
3 308
-
5 089
-
total
8 946
-
13 760
-
Corporate
44 084
81 500
-
-
income
9 698
17 930
-
-
total
9 698
17 930
-
-
Dividends
34 385
63 570
-
-
withholding
10 316
19 071
-
-
total
10 316
19 071
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 450
37 001
39 722
39 237
After tax
44 050
44 499
41 778
42 263
Living cost
19 981
19 981
19 981
19 981
Free-cash
24 069
24 518
21 797
22 282

Estimated living cost  is ₴19981 per week

₴13242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21502
₴32925
₴23255
₴28366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
income

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

-
-
-
24 687
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.

-
-
-
1 358
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.

-
-
-
3 338
trade
-
-
-
9 670
total
-
-
-
39 053
Employee

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

24 775
-
81 500
-
surtax

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

117
-
1 358
-
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.

2 129
-
24 687
-
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.

3 338
-
3 338
-
total
5 584
-
29 383
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 725
81 500
-
-
income
8 509
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.

468
672
-
-
chamber of commerce
155
190
-
-
trade
9 331
13 407
-
-
total
18 463
26 494
-
-
Dividends
38 261
55 006
-
-
surtax

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

515
746
-
-
withholding
9 380
13 566
-
-
total
9 895
14 312
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 942
40 806
29 383
39 053
After tax
47 558
40 694
52 117
42 447
Living cost
19 192
19 192
19 192
19 192
Free-cash
28 366
21 502
32 925
23 255

Estimated living cost  is ₴19192 per week

₴12836
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43623
₴39358
₴40086
₴41598
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
15 584
social contributions
-
-
-
7 905
health
-
-
-
2 079
total
-
-
-
25 568
Employee
37 567
37 567
75 891
-
social contributions
1 825
3 118
4 205
-
income
3 945
3 478
15 191
-
health
374
639
1 291
-
total
6 144
7 235
20 687
-
Employer
37 567
37 567
75 891
-
health
407
695
1 404
-
social contributions
1 825
3 118
4 205
-
total
2 232
3 813
5 609
-
Corporate
57 277
40 120
-
-
income
7 160
5 015
-
-
total
7 160
5 015
-
-
Dividends
50 117
35 105
-
-
withholding
8 520
5 968
-
-
total
8 520
5 968
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 056
22 031
26 296
25 568
After tax
57 444
59 469
55 204
55 932
Living cost
15 846
15 846
15 846
15 846
Free-cash
41 598
43 623
39 358
40 086

Estimated living cost  is ₴15846 per week

₴10832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1238
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36871
₴38325
₴47538
₴37058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 878
5 125
68 201
-
unemployment
193
77
1 023
-
pensions
1 288
513
6 820
-
income
1 574
627
8 338
-
health
901
359
4 774
-
total
3 956
1 576
20 955
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 878
5 125
68 201
-
pensions
2 511
999
13 299
-
total
2 511
999
13 299
-
Corporate
66 111
75 375
-
-
income
5 950
6 784
-
-
total
5 950
6 784
-
-
Dividends
60 161
68 592
-
-
social contributions
11 673
13 317
-
-
withholding
11 431
13 032
-
-
total
23 104
26 349
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 521
35 708
34 254
25 041
After tax
45 979
45 792
47 246
56 459
Living cost
8 921
8 921
8 921
8 921
Free-cash
37 058
36 871
38 325
47 538

Estimated living cost  is ₴8921 per week

₴6088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴53400
₴35176
₴31884
₴50366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
10 921
health
-
-
-
10 595
pensions
-
-
-
16 300
total
-
-
-
37 816
Employee
13 859
-
60 912
-
unemployment
222
-
974
-
pensions
277
-
1 218
-
income
1 560
-
11 744
-
total
2 059
-
13 936
-
Employer
13 859
-
60 912
-
health
1 801
-
7 918
-
pensions
2 772
-
12 182
-
unemployment
111
-
488
-
total
4 684
-
20 588
-
Corporate
62 956
81 500
-
-
income
12 591
16 300
-
-
total
12 591
16 300
-
-
Dividends
50 365
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
19 334
16 300
34 524
37 816
After tax
62 166
65 200
46 976
43 684
Living cost
11 800
11 800
11 800
11 800
Free-cash
50 366
53 400
35 176
31 884

Estimated living cost  is ₴11800 per week

₴8094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
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.
₴2767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4263
₴33212
₴44869
₴4935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
125
income
-
-
-
22 327
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
25 767
Employee
17 090
-
73 050
-
pensions
1 924
-
3 768
-
income
2 345
-
16 841
-
health
1 957
-
8 364
-
total
6 226
-
28 973
-
Employer
17 090
-
73 050
-
pensions
2 779
-
5 441
-
accident
285
-
1 220
-
unemployment
419
-
1 790
-
total
3 483
-
8 451
-
Corporate
60 927
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.

54 834
73 350
-
-
total
54 834
73 350
-
-
Dividends
6 093
8 150
-
-
withholding
1 158
1 549
-
-
total
1 158
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 701
74 899
37 424
25 767
After tax
15 799
6 601
44 076
55 733
Living cost
10 864
10 864
10 864
10 864
Free-cash
4 935
-4 263
33 212
44 869

Estimated living cost  is ₴10864 per week

₴7963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴73403
₴61178
₴76663
₴72649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 028
-
81 500
-
income
1 005
-
16 300
-
total
1 005
-
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%.

76 472
81 500
-
-
total
-
-
-
-
Dividends
76 472
81 500
-
-
withholding
3 824
4 075
-
-
total
3 824
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
4 829
4 075
16 300
815
After tax
76 671
77 425
65 200
80 685
Living cost
4 022
4 022
4 022
4 022
Free-cash
72 649
73 403
61 178
76 663

Estimated living cost  is ₴4022 per week

₴2493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46860
₴33283
₴31703
₴43562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 151
other
-
-
-
3 529
health
-
-
-
3 269
pensions

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

-
-
-
17 830
total
-
-
-
36 779
Employee
17 739
-
65 096
-
unemployment
177
-
651
-
pensions

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

1 241
-
4 557
-
income
3 054
-
12 676
-
health
248
-
911
-
total
4 720
-
18 795
-
Employer
17 739
-
65 096
-
health
248
-
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.

3 016
-
11 066
-
accident
142
-
521
-
unemployment
177
-
651
-
other
887
-
3 255
-
total
4 470
-
16 404
-
Corporate
59 291
81 500
-
-
income
12 451
17 115
-
-
total
12 451
17 115
-
-
Dividends
46 840
64 385
-
-
withholding
3 279
4 507
-
-
total
3 279
4 507
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 920
21 622
35 199
36 779
After tax
56 580
59 878
46 301
44 721
Living cost
13 018
13 018
13 018
13 018
Free-cash
43 562
46 860
33 283
31 703

Estimated living cost  is ₴13018 per week

₴9198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21334
₴14502
₴21901
₴21961
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
22 874
pensions
-
-
-
4 285
total
-
-
-
27 159
Employee
45 897
-
71 231
-
pensions
4 428
-
5 300
-
income
8 273
-
17 942
-
health
756
-
1 048
-
total
13 457
-
24 290
-
Employer
45 897
-
71 231
-
health
872
-
1 353
-
pensions
5 419
-
8 915
-
total
6 291
-
10 268
-
Corporate
29 312
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.

5 570
15 485
-
-
total
5 570
15 485
-
-
Dividends
23 742
66 015
-
-
withholding
1 781
12 241
-
-
total
1 781
12 241
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 099
27 726
34 558
27 159
After tax
54 401
53 774
46 942
54 341
Living cost
32 440
32 440
32 440
32 440
Free-cash
21 961
21 334
14 502
21 901

Estimated living cost  is ₴32440 per week

₴24308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴63277
₴61462
₴58315
₴61008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
12 225
unemployment
-
-
-
68
health
-
-
-
1 962
pensions

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

-
-
-
2 525
total
-
-
-
16 780
Employee
8 481
-
78 152
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
pensions

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

745
-
1 498
-
income
848
-
7 815
-
health
390
-
785
-
total
2 076
-
10 286
-
Employer
8 481
-
78 152
-
health
585
-
1 177
-
pensions

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

935
-
1 880
-
accident

We are using the highest rate at 1.1%.

93
-
188
-
unemployment
51
-
102
-
total
1 664
-
3 347
-
Corporate
71 355
81 500
-
-
income
7 136
8 150
-
-
total
7 136
8 150
-
-
Dividends
64 220
73 350
-
-
withholding
3 211
3 668
-
-
total
3 211
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 087
11 818
13 633
16 780
After tax
67 413
69 682
67 867
64 720
Living cost
6 405
6 405
6 405
6 405
Free-cash
61 008
63 277
61 462
58 315

Estimated living cost  is ₴6405 per week

₴3739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13191
₴23334
₴18221
₴14420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
24 440
health
-
-
-
6 024
pensions
-
-
-
5 724
total
-
-
-
36 188
Employee
45 295
41 720
72 421
-
pensions
5 724
5 724
5 724
-
income

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

6 829
6 829
10 248
-
health
5 651
5 447
6 024
-
total
18 204
18 000
21 996
-
Employer
45 295
41 720
72 421
-
health
3 148
2 900
3 604
-
pensions
3 152
2 904
3 609
-
unemployment
1 631
1 502
1 866
-
total
7 931
7 306
9 079
-
Corporate
28 275
32 474
-
-
income
5 655
6 494
-
-
total
5 655
6 494
-
-
Dividends
22 619
25 980
-
-
income
4 806
5 521
-
-
withholding
3 393
3 897
-
-
total
8 199
9 418
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 989
41 218
31 075
36 188
After tax
41 511
40 282
50 425
45 312
Living cost
27 091
27 091
27 091
27 091
Free-cash
14 420
13 191
23 334
18 221

Estimated living cost  is ₴27091 per week

₴19984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43972
₴29439
₴32932
₴39641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
7 954
social contributions
-
-
-
17 470
solidarity contribution
-
-
-
-
health
-
-
-
11 003
total
-
-
-
36 427
Employee
17 854
-
61 048
-
solidarity contribution
-
-
-
-
social contributions
1 161
-
3 889
-
income
2 142
-
7 338
-
health
2 410
-
8 242
-
total
5 713
-
19 469
-
Employer
17 854
-
61 048
-
health
1 607
-
5 494
-
social contributions
4 464
-
14 957
-
total
6 071
-
20 451
-
Corporate
57 576
81 500
-
-
income
10 939
15 485
-
-
total
10 939
15 485
-
-
Dividends
46 636
66 015
-
-
withholding
6 995
9 902
-
-
total
6 995
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 718
25 387
39 920
36 427
After tax
51 782
56 113
41 580
45 073
Living cost
12 141
12 141
12 141
12 141
Free-cash
39 641
43 972
29 439
32 932

Estimated living cost  is ₴12141 per week

₴8433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22869
₴14921
₴18603
₴20317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
20 962
regional
-
-
-
957
municipal
-
-
-
484
national
-
-
-
19 879
total
-
-
-
42 282
Employee
43 419
-
81 500
-
municipal
230
-
432
-
national
7 524
-
17 206
-
regional
410
-
844
-
social contributions
14 641
-
27 482
-
total
22 805
-
45 964
-
Employer
43 419
-
81 500
-
total
-
-
-
-
Corporate
38 081
81 500
-
-
municipal
1 485
3 178
-
-
nationa
9 139
19 560
-
-
total
10 624
22 738
-
-
Dividends
27 456
58 762
-
-
withholding
7 139
15 278
-
-
total
7 139
15 278
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 568
38 016
45 964
42 282
After tax
40 932
43 484
35 536
39 218
Living cost
20 615
20 615
20 615
20 615
Free-cash
20 317
22 869
14 921
18 603

Estimated living cost  is ₴20615 per week

₴14370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40482
₴24813
₴27846
₴38962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
21 813
other
-
-
-
-
surtax
-
-
-
3 279
unemployment
-
-
-
111
health
-
-
-
4 629
pensions
-
-
-
13 041
total
-
-
-
42 873
Employee
16 156
-
67 775
-
other
-
-
-
-
unemployment
1 125
-
4 538
-
pensions
1 077
-
4 349
-
surtax
53
-
2 740
-
income
2 708
-
18 891
-
health
413
-
1 662
-
total
5 376
-
32 180
-
Employer
16 156
-
67 775
-
health
735
-
2 967
-
pensions
2 154
-
8 692
-
unemployment
512
-
2 067
-
other
-
-
-
-
total
3 401
-
13 726
-
Corporate
61 943
81 500
-
-
income
16 105
21 190
-
-
total
16 105
21 190
-
-
Dividends
45 838
60 310
-
-
withholding
6 875
9 047
-
-
total
6 875
9 047
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 757
30 237
45 906
42 873
After tax
49 743
51 263
35 594
38 627
Living cost
10 781
10 781
10 781
10 781
Free-cash
38 962
40 482
24 813
27 846

Estimated living cost  is ₴10781 per week

₴6592
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.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31612
₴24780
₴32179
₴34816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 874
pensions
-
-
-
4 285
total
-
-
-
27 159
Employee
30 759
-
71 231
-
pensions
2 611
-
5 300
-
income
5 540
-
17 942
-
health
447
-
1 048
-
total
8 598
-
24 290
-
Employer
30 759
-
71 231
-
health
584
-
1 353
-
pensions
3 330
-
8 915
-
total
3 914
-
10 268
-
Corporate
46 827
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.

8 897
15 485
-
-
total
8 897
15 485
-
-
Dividends
37 930
66 015
-
-
withholding
3 113
12 241
-
-
total
3 113
12 241
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 522
27 726
34 558
27 159
After tax
56 978
53 774
46 942
54 341
Living cost
22 162
22 162
22 162
22 162
Free-cash
34 816
31 612
24 780
32 179

Estimated living cost  is ₴22162 per week

₴16603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1661
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.
₴3665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1521
₴23679
₴27641
₴15075
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
other

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

-
-
-
1 630
regional
-
-
-
3 809
health
-
-
-
183
city
-
-
-
859
national
-
-
-
1 091
pensions
-
-
-
7 498
total
-
-
-
15 070
Employee
45 393
-
72 947
-
unemployment
-
-
-
-
pensions
3 814
-
6 128
-
national
215
-
903
-
regional
1 486
-
3 302
-
city
487
-
784
-
health
103
-
164
-
total
6 105
-
11 281
-
Employer
45 393
-
72 947
-
health
103
-
164
-
pensions
3 814
-
6 128
-
unemployment
-
-
-
-
other

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

908
-
1 459
-
total
4 825
-
7 751
-
Corporate
30 784
81 500
-
-
regional
6 510
17 237
-
-
national
2 616
6 928
-
-
total
9 126
24 165
-
-
Dividends
21 657
57 335
-
-
withholding
7 580
20 067
-
-
total
7 580
20 067
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 636
44 232
19 032
15 070
After tax
53 864
37 268
62 468
66 430
Living cost
38 789
38 789
38 789
38 789
Free-cash
15 075
-1 521
23 679
27 641

Estimated living cost  is ₴38789 per week

₴25224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17894
₴29736
₴19655
₴25816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
income

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

-
-
-
24 687
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.

-
-
-
1 358
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.

-
-
-
3 338
trade
-
-
-
10 081
total
-
-
-
39 464
Employee

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

29 361
-
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.

190
-
1 358
-
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.

3 453
-
24 687
-
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.

3 338
-
3 338
-
total
6 981
-
29 383
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 139
81 500
-
-
income
7 821
12 225
-
-
surtax

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

430
672
-
-
chamber of commerce
147
189
-
-
trade
8 942
13 977
-
-
total
17 340
27 063
-
-
Dividends
34 798
54 437
-
-
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.

468
738
-
-
withholding
8 514
13 424
-
-
total
8 982
14 162
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 303
41 225
29 383
39 464
After tax
48 197
40 275
52 117
42 036
Living cost
22 381
22 381
22 381
22 381
Free-cash
25 816
17 894
29 736
19 655

Estimated living cost  is ₴22381 per week

₴16346
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1790
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24361
₴28577
₴29287
₴27247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 379
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 304
pensions
-
-
-
14 967
total
-
-
-
35 498
Employee
20 909
-
63 408
-
pensions
2 364
-
4 272
-
surtax
-
-
-
-
social contributions
596
-
1 807
-
income
1 234
-
12 037
-
total
4 194
-
18 116
-
Employer
20 909
-
63 408
-
health
1 464
-
5 704
-
pensions
3 435
-
7 215
-
unemployment
846
-
2 568
-
social contributions
63
-
190
-
other
721
-
2 415
-
total
6 529
-
18 092
-
Corporate
54 061
81 500
-
-
income
15 137
22 820
-
-
surtax
-
-
-
-
total
15 137
22 820
-
-
Dividends
38 924
58 680
-
-
surtax
-
-
-
-
social contributions
6 696
10 093
-
-
withholding
4 982
7 511
-
-
total
11 678
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 538
40 424
36 208
35 498
After tax
43 962
41 076
45 292
46 002
Living cost
16 715
16 715
16 715
16 715
Free-cash
27 247
24 361
28 577
29 287

Estimated living cost  is ₴16715 per week

₴10539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴26017
₴30233
₴30943
₴28732
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 379
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 304
pensions
-
-
-
14 967
total
-
-
-
35 498
Employee
18 664
-
63 408
-
pensions
2 111
-
4 272
-
surtax
-
-
-
-
social contributions
532
-
1 807
-
income
962
-
12 037
-
total
3 605
-
18 116
-
Employer
18 664
-
63 408
-
health
1 306
-
5 704
-
pensions
3 067
-
7 215
-
unemployment
756
-
2 568
-
social contributions
56
-
190
-
other
644
-
2 415
-
total
5 829
-
18 092
-
Corporate
57 007
81 500
-
-
income
15 962
22 820
-
-
surtax
-
-
-
-
total
15 962
22 820
-
-
Dividends
41 045
58 680
-
-
surtax
-
-
-
-
social contributions
7 059
10 093
-
-
withholding
5 254
7 511
-
-
total
12 313
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 709
40 424
36 208
35 498
After tax
43 791
41 076
45 292
46 002
Living cost
15 059
15 059
15 059
15 059
Free-cash
28 732
26 017
30 233
30 943

Estimated living cost  is ₴15059 per week

₴8733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1530
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.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39362
₴40432
₴41979
₴39615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
12 225
social contributions
-
-
-
11 247
health
-
-
-
5 689
total
-
-
-
29 161
Employee
16 565
-
81 500
-
social contributions
2 286
-
11 247
-
income
2 763
-
13 772
-
health
1 156
-
5 689
-
total
6 205
-
30 708
-
Employer
16 565
-
81 500
-
total
-
-
-
-
Corporate
64 935
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%.

3 247
4 075
-
-
total
3 247
4 075
-
-
Dividends
61 689
77 425
-
-
social contributions
8 513
10 685
-
-
withholding
9 254
11 614
-
-
health
4 306
5 404
-
-
total
22 073
27 703
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 525
31 778
30 708
29 161
After tax
49 975
49 722
50 792
52 339
Living cost
10 360
10 360
10 360
10 360
Free-cash
39 615
39 362
40 432
41 979

Estimated living cost  is ₴10360 per week

₴6933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27922
₴4360
₴24603
₴27169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
21 339
surtax
-
-
-
96
unemployment
-
-
-
2 996
chamber of commerce
-
-
-
326
health
-
-
-
4 366
pensions
-
-
-
10 559
total
-
-
-
39 682
Employee
24 415
19 469
64 440
-
other
244
195
571
-
unemployment
732
584
1 712
-
pensions
2 500
1 993
5 845
-
income
2 779
1 436
16 883
-
health
945
754
2 208
-
total
7 200
4 962
27 219
-
Employer
24 415
19 469
64 440
-
chamber of commerce
97
78
258
-
health
922
736
2 157
-
pensions
3 064
2 444
7 163
-
accident
317
253
742
-
unemployment
732
584
1 712
-
surtax
96
96
96
-
payroll
732
584
1 933
-
other
1 160
924
2 998
-
total
7 120
5 699
17 059
-
Corporate
49 962
56 331
62 586
-
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.

12 491
14 083
15 647
-
total
12 491
14 083
15 647
-
Dividends
37 471
42 248
-
-
withholding
10 305
11 619
-
-
total
10 305
11 619
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 116
36 363
59 925
39 682
After tax
44 384
45 137
21 575
41 818
Living cost
17 215
17 215
17 215
17 215
Free-cash
27 169
27 922
4 360
24 603

Estimated living cost  is ₴17215 per week

₴11481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27777
₴11138
₴17491
₴20449
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
communal

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

-
-
-
4 159
social contributions
-
-
-
12 180
national
-
-
-
29 857
total
-
-
-
46 196
Employee

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

34 946
-
63 124
-
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.

304
-
549
-
communal

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

1 823
-
3 292
-
pensions

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

2 621
-
4 734
-
national
10 744
-
22 634
-
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.

1 642
-
2 967
-
total
17 134
-
34 176
-
Employer

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

34 946
-
63 124
-
health

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

2 149
-
3 882
-
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.

3 097
-
5 592
-
accident

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

454
-
820
-
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.

510
-
922
-
surtax
3 962
-
7 157
-
total
10 172
-
18 373
-
Corporate
36 381
81 500
-
-
income
7 276
16 300
-
-
surtax
146
326
-
-
total
7 422
16 626
-
-
Dividends
28 960
64 874
-
-
withholding

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

8 510
19 284
-
-
total
8 510
19 284
-
-
Income
81 500
81 500
81 500
81 500
Total tax
43 238
35 910
52 549
46 196
After tax
38 262
45 590
28 951
35 304
Living cost
17 813
17 813
17 813
17 813
Free-cash
20 449
27 777
11 138
17 491

Estimated living cost  is ₴17813 per week

₴11474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
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.
₴4503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36736
₴26094
₴28145
₴33303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
408
income
-
-
-
22 126
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
35 711
Employee
24 319
-
67 064
-
other
24
-
45
-
unemployment
377
-
702
-
pensions
1 143
-
2 129
-
income
5 131
-
20 449
-
total
6 675
-
23 325
-
Employer
24 319
-
67 064
-
pensions
5 739
-
10 687
-
accident
481
-
897
-
unemployment
1 338
-
2 490
-
other
194
-
363
-
total
7 752
-
14 437
-
Corporate
49 430
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.

7 414
12 225
-
-
total
7 414
12 225
-
-
Dividends
42 015
69 275
-
-
withholding
8 712
14 895
-
-
total
8 712
14 895
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 553
27 120
37 762
35 711
After tax
50 947
54 380
43 738
45 789
Living cost
17 644
17 644
17 644
17 644
Free-cash
33 303
36 736
26 094
28 145

Estimated living cost  is ₴17644 per week

₴12993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21410
₴17505
₴14255
₴15376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
communal
-
-
-
5 151
accident
-
-
-
687
income
-
-
-
12 874
surtax
-
-
-
4 040
health
-
-
-
5 727
pensions
-
-
-
12 216
total
-
-
-
40 695
Employee
36 997
-
72 800
-
pensions
2 959
-
5 824
-
surtax
2 268
-
4 461
-
income
3 574
-
15 222
-
health
1 647
-
3 239
-
total
10 448
-
28 746
-
Employer
36 997
-
72 800
-
health
1 128
-
2 220
-
pensions
2 959
-
5 824
-
accident
333
-
655
-
total
4 420
-
8 699
-
Corporate
40 082
81 500
-
-
communal
2 705
5 501
-
-
income
6 012
12 225
-
-
surtax
421
856
-
-
total
9 138
18 582
-
-
Dividends
30 944
62 918
-
-
income
10 927
5 520
-
-
withholding
4 641
9 438
-
-
total
15 568
14 958
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 574
33 540
37 445
40 695
After tax
41 926
47 960
44 055
40 805
Living cost
26 550
26 550
26 550
26 550
Free-cash
15 376
21 410
17 505
14 255

Estimated living cost  is ₴26550 per week

₴19916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1609
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.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40290
₴24621
₴27654
₴38736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
21 813
other
-
-
-
-
surtax
-
-
-
3 279
unemployment
-
-
-
111
health
-
-
-
4 629
pensions
-
-
-
13 041
total
-
-
-
42 873
Employee
16 453
-
67 775
-
other
-
-
-
-
unemployment
1 145
-
4 538
-
pensions
1 098
-
4 349
-
surtax
58
-
2 740
-
income
2 758
-
18 891
-
health
420
-
1 662
-
total
5 479
-
32 180
-
Employer
16 453
-
67 775
-
health
748
-
2 967
-
pensions
2 194
-
8 692
-
unemployment
522
-
2 067
-
other
-
-
-
-
total
3 464
-
13 726
-
Corporate
61 584
81 500
-
-
income
16 012
21 190
-
-
total
16 012
21 190
-
-
Dividends
45 572
60 310
-
-
withholding
6 836
9 047
-
-
total
6 836
9 047
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 791
30 237
45 906
42 873
After tax
49 709
51 263
35 594
38 627
Living cost
10 973
10 973
10 973
10 973
Free-cash
38 736
40 290
24 621
27 654

Estimated living cost  is ₴10973 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴954
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.
₴3140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29678
₴22124
₴25786
₴28594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
20 962
regional
-
-
-
1 229
municipal
-
-
-
484
national
-
-
-
19 879
total
-
-
-
42 554
Employee
27 101
-
81 500
-
municipal
144
-
432
-
national
4 293
-
17 206
-
regional
365
-
1 096
-
social contributions
9 139
-
27 482
-
total
13 941
-
46 216
-
Employer
27 101
-
81 500
-
total
-
-
-
-
Corporate
54 399
81 500
-
-
municipal
2 703
4 051
-
-
nationa
13 056
19 560
-
-
total
15 759
23 611
-
-
Dividends
38 640
57 889
-
-
withholding
10 046
15 051
-
-
total
10 046
15 051
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 746
38 662
46 216
42 554
After tax
41 754
42 838
35 284
38 946
Living cost
13 160
13 160
13 160
13 160
Free-cash
28 594
29 678
22 124
25 786

Estimated living cost  is ₴13160 per week

₴8185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41152
₴26619
₴30112
₴35815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
7 954
social contributions
-
-
-
17 470
solidarity contribution
-
-
-
-
health
-
-
-
11 003
total
-
-
-
36 427
Employee
22 001
-
61 048
-
solidarity contribution
-
-
-
-
social contributions
1 430
-
3 889
-
income
2 640
-
7 338
-
health
2 970
-
8 242
-
total
7 040
-
19 469
-
Employer
22 001
-
61 048
-
health
1 980
-
5 494
-
social contributions
5 500
-
14 957
-
total
7 480
-
20 451
-
Corporate
52 019
81 500
-
-
income
9 884
15 485
-
-
total
9 884
15 485
-
-
Dividends
42 135
66 015
-
-
withholding
6 320
9 902
-
-
total
6 320
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 724
25 387
39 920
36 427
After tax
50 776
56 113
41 580
45 073
Living cost
14 961
14 961
14 961
14 961
Free-cash
35 815
41 152
26 619
30 112

Estimated living cost  is ₴14961 per week

₴11126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2747
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29604
₴6018
₴26328
₴29362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
21 339
surtax
-
-
-
-
unemployment
-
-
-
2 996
chamber of commerce
-
-
-
326
health
-
-
-
4 366
pensions
-
-
-
10 559
total
-
-
-
39 586
Employee
21 356
19 469
64 530
-
other
213
195
571
-
unemployment
641
584
1 712
-
pensions
2 187
1 993
5 845
-
income
1 902
1 436
16 921
-
health
826
754
2 208
-
total
5 769
4 962
27 257
-
Employer
21 356
19 469
64 530
-
chamber of commerce
85
78
258
-
health
808
736
2 157
-
pensions
2 680
2 444
7 163
-
accident
277
253
742
-
unemployment
641
584
1 712
-
surtax
-
-
-
-
payroll
641
584
1 936
-
other
1 014
924
3 002
-
total
6 146
5 603
16 970
-
Corporate
53 998
56 427
62 676
-
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.

13 500
14 107
15 669
-
total
13 500
14 107
15 669
-
Dividends
40 499
42 320
-
-
withholding
11 137
11 638
-
-
total
11 137
11 638
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 552
36 310
59 896
39 586
After tax
44 948
45 190
21 604
41 914
Living cost
15 586
15 586
15 586
15 586
Free-cash
29 362
29 604
6 018
26 328

Estimated living cost  is ₴15586 per week

₴9350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71157
₴58932
₴74417
₴69982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 835
-
81 500
-
income
1 567
-
16 300
-
total
1 567
-
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%.

73 665
81 500
-
-
total
-
-
-
-
Dividends
73 665
81 500
-
-
withholding
3 683
4 075
-
-
total
3 683
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
5 250
4 075
16 300
815
After tax
76 250
77 425
65 200
80 685
Living cost
6 268
6 268
6 268
6 268
Free-cash
69 982
71 157
58 932
74 417

Estimated living cost  is ₴6268 per week

₴4241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43008
₴24772
₴26932
₴38920
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
81 500
income
-
-
-
18 438
unemployment
-
-
-
122
health
-
-
-
8 020
pensions
-
-
-
14 884
total
-
-
-
41 464
Employee

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

21 604
-
70 519
-
unemployment
31
-
98
-
pensions
3 349
-
10 931
-
income
3 726
-
17 058
-
health
1 395
-
4 556
-
total
8 501
-
32 643
-
Employer

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

21 604
-
70 519
-
health
1 439
-
4 697
-
pensions
1 912
-
6 241
-
unemployment
13
-
43
-
total
3 364
-
10 981
-
Corporate
56 533
81 500
-
-
income
10 742
15 485
-
-
total
10 742
15 485
-
-
Dividends
45 791
66 015
-
-
withholding
6 869
9 903
-
-
total
6 869
9 903
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 476
25 388
43 624
41 464
After tax
52 024
56 112
37 876
40 036
Living cost
13 104
13 104
13 104
13 104
Free-cash
38 920
43 008
24 772
26 932

Estimated living cost  is ₴13104 per week

₴8993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28342
₴53780
₴35080
₴4923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
15 886
social contributions
-
-
-
9 291
total
-
-
-
25 177
Employee
30 459
-
-
-
social contributions
2 498
-
356
-
income
6 719
-
-
-
total
9 217
-
356
-
Employer
30 459
-
-
-
social contributions
42 948
-
6 121
-
total
42 948
-
6 121
-
Corporate
8 093
81 500
-
-
income
1 780
17 930
-
-
total
1 780
17 930
-
-
Dividends
6 313
63 570
-
-
income
1 389
13 985
-
-
total
1 389
13 985
-
-
Income
81 500
81 500
81 500
81 500
Total tax
55 334
31 915
6 477
25 177
After tax
26 166
49 585
75 023
56 323
Living cost
21 243
21 243
21 243
21 243
Free-cash
4 923
28 342
53 780
35 080

Estimated living cost  is ₴21243 per week

₴13783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1998
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31033
₴22437
₴28507
₴30541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
income
-
-
-
9 348
surtax
-
-
-
-
social contributions

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

-
-
-
28 321
total
-
-
-
37 669
Employee
22 469
-
65 859
-
surtax
-
-
-
-
social contributions
2 472
-
7 244
-
income
4 674
-
20 854
-
total
7 146
-
28 098
-
Employer
22 469
-
65 859
-
social contributions
5 336
-
15 641
-
total
5 336
-
15 641
-
Corporate
53 694
81 500
-
-
income
11 276
17 115
-
-
surtax
-
-
-
-
total
11 276
17 115
-
-
Dividends
42 419
64 385
-
-
withholding
11 877
18 028
-
-
total
11 877
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 635
35 143
43 739
37 669
After tax
45 865
46 357
37 761
43 831
Living cost
15 324
15 324
15 324
15 324
Free-cash
30 541
31 033
22 437
28 507

Estimated living cost  is ₴15324 per week

₴11466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17480
₴21696
₴22406
₴20837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 379
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 304
pensions
-
-
-
14 967
total
-
-
-
35 498
Employee
30 599
-
63 408
-
pensions
3 461
-
4 272
-
surtax
-
-
-
-
social contributions
871
-
1 807
-
income
2 670
-
12 037
-
total
7 002
-
18 116
-
Employer
30 599
-
63 408
-
health
2 142
-
5 704
-
pensions
5 028
-
7 215
-
unemployment
1 240
-
2 568
-
social contributions
92
-
190
-
other
1 056
-
2 415
-
total
9 558
-
18 092
-
Corporate
41 345
81 500
-
-
income
11 577
22 820
-
-
surtax
-
-
-
-
total
11 577
22 820
-
-
Dividends
29 768
58 680
-
-
surtax
-
-
-
-
social contributions
5 120
10 093
-
-
withholding
3 810
7 511
-
-
total
8 930
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 067
40 424
36 208
35 498
After tax
44 433
41 076
45 292
46 002
Living cost
23 596
23 596
23 596
23 596
Free-cash
20 837
17 480
21 696
22 406

Estimated living cost  is ₴23596 per week

₴15970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58664
₴47660
₴45494
₴57022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 390
social contributions
-
-
-
17 930
total
-
-
-
21 320
Employee
15 706
-
70 563
-
income
-
-
3 631
-
social contributions
1 021
-
4 586
-
total
1 021
-
8 217
-
Employer
15 706
-
70 563
-
social contributions
2 435
-
10 937
-
total
2 435
-
10 937
-
Corporate
63 359
81 500
-
-
income
6 336
8 150
-
-
total
6 336
8 150
-
-
Dividends
57 023
73 350
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
9 792
8 150
19 154
21 320
After tax
71 708
73 350
62 346
60 180
Living cost
14 686
14 686
14 686
14 686
Free-cash
57 022
58 664
47 660
45 494

Estimated living cost  is ₴14686 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1107
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24844
-₴24844
₴24819
-₴24844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
labour market
-
-
-
6 486
municipal
-
-
-
16 844
national
-
-
-
9 421
pensions
-
-
-
423
total
-
-
-
33 174
Employee
99 216
99 216
99 216
-
municipal
21 127
21 127
21 127
-
labour market
7 926
7 926
7 926
-
pensions
141
141
141
-
national
12 121
12 121
12 121
-
total
41 315
41 315
41 315
-
Employer
99 216
99 216
99 216
-
national
12 142
12 142
12 142
-
labour market
7 937
7 937
7 937
-
pensions
282
282
282
-
municipal
21 161
21 161
21 161
-
total
41 522
41 522
41 522
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
82 837
82 837
82 837
33 174
After tax
-1 337
-1 337
-1 337
48 326
Living cost
23 507
23 507
23 507
23 507
Free-cash
-24 844
-24 844
-24 844
24 819

Estimated living cost  is ₴23507 per week

₴16088
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴362
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4977
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4103
₴33372
₴45029
₴4960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
125
income
-
-
-
22 327
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
25 767
Employee
16 838
-
73 050
-
pensions
1 896
-
3 768
-
income
2 310
-
16 841
-
health
1 928
-
8 364
-
total
6 134
-
28 973
-
Employer
16 838
-
73 050
-
pensions
2 738
-
5 441
-
accident
281
-
1 220
-
unemployment
413
-
1 790
-
total
3 432
-
8 451
-
Corporate
61 230
81 500
-
-
income

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

55 107
73 350
-
-
total
55 107
73 350
-
-
Dividends
6 123
8 150
-
-
withholding
1 163
1 549
-
-
total
1 163
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 836
74 899
37 424
25 767
After tax
15 664
6 601
44 076
55 733
Living cost
10 704
10 704
10 704
10 704
Free-cash
4 960
-4 103
33 372
45 029

Estimated living cost  is ₴10704 per week

₴7791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32596
₴24286
₴34472
₴33714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
81 500
health
-
-
-
1 051
municipal
-
-
-
14 481
national
-
-
-
12 739
total
-
-
-
28 271
Employee
25 704
-
68 562
-
municipal
4 210
-
11 170
-
unemployment
386
-
1 028
-
pensions
1 735
-
4 628
-
national
425
-
7 840
-
health
192
-
852
-
total
6 948
-
25 518
-
Employer
25 704
-
68 562
-
health
197
-
528
-
pensions
4 459
-
11 896
-
accident
26
-
69
-
unemployment
167
-
446
-
total
4 849
-
12 939
-
Corporate
50 947
81 500
-
-
income
10 189
16 300
-
-
total
10 189
16 300
-
-
Dividends

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

30 568
48 900
-
-
municipal
5 502
8 802
-
-
national
1 541
5 045
-
-
total
7 043
13 847
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 029
30 147
38 457
28 271
After tax
52 471
51 353
43 043
53 229
Living cost
18 757
18 757
18 757
18 757
Free-cash
33 714
32 596
24 286
34 472

Estimated living cost  is ₴18757 per week

₴12252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
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.
₴4403
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48158
₴43893
₴44621
₴45502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
15 584
social contributions
-
-
-
7 905
health
-
-
-
2 079
total
-
-
-
25 568
Employee
37 567
37 567
75 891
-
social contributions
1 420
3 118
4 205
-
income
4 090
3 478
15 191
-
health
291
639
1 291
-
total
5 801
7 235
20 687
-
Employer
37 567
37 567
75 891
-
health
316
695
1 404
-
social contributions
1 420
3 118
4 205
-
total
1 736
3 813
5 609
-
Corporate
62 650
40 120
-
-
income
7 831
5 015
-
-
total
7 831
5 015
-
-
Dividends
54 819
35 105
-
-
withholding
9 319
5 968
-
-
total
9 319
5 968
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 687
22 031
26 296
25 568
After tax
56 813
59 469
55 204
55 932
Living cost
11 311
11 311
11 311
11 311
Free-cash
45 502
48 158
43 893
44 621

Estimated living cost  is ₴11311 per week

₴6779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1110
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59733
₴50800
₴60599
₴57246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
81 500
income
-
-
-
8 254
unemployment
-
-
-
14
health
-
-
-
1 768
pensions
-
-
-
3 108
total
-
-
-
13 144
Employee

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

11 214
-
76 725
-
unemployment
56
-
232
-
pensions
1 682
-
6 953
-
income
767
-
7 043
-
health
953
-
3 940
-
total
3 458
-
18 168
-
Employer

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

11 214
-
76 725
-
health
482
-
1 993
-
pensions
617
-
2 550
-
unemployment
56
-
232
-
total
1 155
-
4 775
-
Corporate
69 132
81 500
-
-
income
6 222
7 335
-
-
total
6 222
7 335
-
-
Dividends
62 910
74 165
-
-
withholding
5 662
6 675
-
-
total
5 662
6 675
-
-
Income
81 500
81 500
81 500
81 500
Total tax
16 497
14 010
22 943
13 144
After tax
65 003
67 490
58 557
68 356
Living cost
7 757
7 757
7 757
7 757
Free-cash
57 246
59 733
50 800
60 599

Estimated living cost  is ₴7757 per week

₴4949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴559
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40945
₴30303
₴32354
₴38786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
408
income
-
-
-
22 126
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
35 711
Employee
18 065
-
67 064
-
other
18
-
45
-
unemployment
280
-
702
-
pensions
849
-
2 129
-
income
3 483
-
20 449
-
total
4 630
-
23 325
-
Employer
18 065
-
67 064
-
pensions
4 263
-
10 687
-
accident
358
-
897
-
unemployment
994
-
2 490
-
other
145
-
363
-
total
5 760
-
14 437
-
Corporate
57 676
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.

8 652
12 225
-
-
total
8 652
12 225
-
-
Dividends
49 024
69 275
-
-
withholding
10 237
14 895
-
-
total
10 237
14 895
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 279
27 120
37 762
35 711
After tax
52 221
54 380
43 738
45 789
Living cost
13 435
13 435
13 435
13 435
Free-cash
38 786
40 945
30 303
32 354

Estimated living cost  is ₴13435 per week

₴9068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49897
₴51385
₴51453
₴49738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 881
health
-
-
-
507
pensions
-
-
-
700
total
-
-
-
29 088
Employee
1 461
-
80 713
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
27 844
-
health
73
-
175
-
total
503
-
28 369
-
Employer
1 461
-
80 713
-
health
139
-
332
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
787
-
Corporate
79 710
81 500
-
-
income
17 536
17 930
-
-
total
17 536
17 930
-
-
Dividends
62 174
63 570
-
-
withholding
12 435
12 714
-
-
total
12 435
12 714
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 803
30 644
29 156
29 088
After tax
50 697
50 856
52 344
52 412
Living cost
959
959
959
959
Free-cash
49 738
49 897
51 385
51 453

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴50436
₴41072
₴41070
₴48032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
81 500
income
-
-
-
18 334
unemployment
-
-
-
542
health
-
-
-
3 719
pensions
-
-
-
9 387
total
-
-
-
31 982
Employee

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

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

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

12 739
-
75 038
-
unemployment
96
-
271
-
pensions
1 783
-
5 054
-
income
1 756
-
18 334
-
health
656
-
1 859
-
total
4 291
-
25 518
-
Employer

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

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

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

12 739
-
75 038
-
health
656
-
1 859
-
pensions
1 529
-
4 332
-
unemployment
96
-
271
-
total
2 281
-
6 462
-
Corporate
66 480
81 500
-
-
income
9 972
12 225
-
-
total
9 972
12 225
-
-
Dividends
56 508
69 275
-
-
withholding
8 476
10 391
-
-
total
8 476
10 391
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 020
22 616
31 980
31 982
After tax
56 480
58 884
49 520
49 518
Living cost
8 448
8 448
8 448
8 448
Free-cash
48 032
50 436
41 072
41 070

Estimated living cost  is ₴8448 per week

₴5688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴653
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.
₴1862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33186
₴24590
₴30660
₴33009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
income
-
-
-
9 348
surtax
-
-
-
-
social contributions

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

-
-
-
28 321
total
-
-
-
37 669
Employee
18 962
-
65 859
-
surtax
-
-
-
-
social contributions
2 086
-
7 244
-
income
3 705
-
20 854
-
total
5 791
-
28 098
-
Employer
18 962
-
65 859
-
social contributions
4 503
-
15 641
-
total
4 503
-
15 641
-
Corporate
58 035
81 500
-
-
income
12 188
17 115
-
-
surtax
-
-
-
-
total
12 188
17 115
-
-
Dividends
45 847
64 385
-
-
withholding
12 838
18 028
-
-
total
12 838
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 320
35 143
43 739
37 669
After tax
46 180
46 357
37 761
43 831
Living cost
13 171
13 171
13 171
13 171
Free-cash
33 009
33 186
24 590
30 660

Estimated living cost  is ₴13171 per week

₴9329
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37210
₴26568
₴28619
₴33943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
408
income
-
-
-
22 126
other
-
-
-
45
unemployment
-
-
-
317
pensions
-
-
-
12 815
total
-
-
-
35 711
Employee
23 595
-
67 064
-
other
23
-
45
-
unemployment
365
-
702
-
pensions
1 109
-
2 129
-
income
4 928
-
20 449
-
total
6 425
-
23 325
-
Employer
23 595
-
67 064
-
pensions
5 568
-
10 687
-
accident
467
-
897
-
unemployment
1 298
-
2 490
-
other
189
-
363
-
total
7 522
-
14 437
-
Corporate
50 383
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.

7 558
12 225
-
-
total
7 558
12 225
-
-
Dividends
42 825
69 275
-
-
withholding
8 882
14 895
-
-
total
8 882
14 895
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 387
27 120
37 762
35 711
After tax
51 113
54 380
43 738
45 789
Living cost
17 170
17 170
17 170
17 170
Free-cash
33 943
37 210
26 568
28 619

Estimated living cost  is ₴17170 per week

₴12331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1335
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.
₴3263
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61279
₴59464
₴56317
₴58303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
12 225
unemployment
-
-
-
68
health
-
-
-
1 962
pensions

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

-
-
-
2 525
total
-
-
-
16 780
Employee
11 127
-
78 152
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
pensions

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

977
-
1 498
-
income
1 113
-
7 815
-
health
512
-
785
-
total
2 724
-
10 286
-
Employer
11 127
-
78 152
-
health
768
-
1 177
-
pensions

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

1 226
-
1 880
-
accident

We are using the highest rate at 1.1%.

122
-
188
-
unemployment
67
-
102
-
total
2 183
-
3 347
-
Corporate
68 190
81 500
-
-
income
6 819
8 150
-
-
total
6 819
8 150
-
-
Dividends
61 371
73 350
-
-
withholding
3 068
3 668
-
-
total
3 068
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 794
11 818
13 633
16 780
After tax
66 706
69 682
67 867
64 720
Living cost
8 403
8 403
8 403
8 403
Free-cash
58 303
61 279
59 464
56 317

Estimated living cost  is ₴8403 per week

₴5558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴23088
₴33255
₴24819
₴29479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
income

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

-
-
-
24 687
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.

-
-
-
1 358
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.

-
-
-
3 338
trade
-
-
-
8 436
total
-
-
-
37 819
Employee

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

24 308
-
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.

110
-
1 358
-
income

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

1 999
-
24 687
-
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.

3 338
-
3 338
-
total
5 447
-
29 383
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 192
81 500
-
-
income
8 579
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.

472
672
-
-
chamber of commerce
158
194
-
-
trade
8 207
11 696
-
-
total
17 416
24 787
-
-
Dividends
39 777
56 714
-
-
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.

537
770
-
-
withholding
9 759
13 993
-
-
total
10 296
14 763
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 159
39 550
29 383
37 819
After tax
48 341
41 950
52 117
43 681
Living cost
18 862
18 862
18 862
18 862
Free-cash
29 479
23 088
33 255
24 819

Estimated living cost  is ₴18862 per week

₴13011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2029
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29220
₴15653
₴15653
₴30298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
24 525
social contributions
-
-
-
13 492
total
-
-
-
38 017
Employee
38 215
-
81 500
-
income
7 211
-
24 525
-
social contributions
3 175
-
13 492
-
total
10 386
-
38 017
-
Employer
38 215
-
81 500
-
total
-
-
-
-
Corporate
43 285
81 500
-
-
income
5 411
10 187
-
-
total
5 411
10 187
-
-
Dividends
37 874
71 313
-
-
withholding
7 575
14 263
-
-
total
7 575
14 263
-
-
Income
81 500
81 500
81 500
81 500
Total tax
23 372
24 450
38 017
38 017
After tax
58 128
57 050
43 483
43 483
Living cost
27 830
27 830
27 830
27 830
Free-cash
30 298
29 220
15 653
15 653

Estimated living cost  is ₴27830 per week

₴21173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32660
₴40492
₴46845
₴34368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
81 500
income
-
-
-
13 907
health

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

-
-
-
3 014
total
-
-
-
16 921
Employee
22 412
-
79 253
-
income
2 432
-
18 780
-
social contributions
2 245
-
2 247
-
total
4 677
-
21 027
-
Employer
22 412
-
79 253
-
social contributions
2 245
-
2 247
-
total
2 245
-
2 247
-
Corporate
56 843
81 500
-
-
income
19 895
28 525
-
-
total
19 895
28 525
-
-
Dividends
36 948
52 975
-
-
social contributions
2 581
2 581
-
-
total
2 581
2 581
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 398
31 106
23 274
16 921
After tax
52 102
50 394
58 226
64 579
Living cost
17 734
17 734
17 734
17 734
Free-cash
34 368
32 660
40 492
46 845

Estimated living cost  is ₴17734 per week

₴11682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35757
₴28925
₴36324
₴38627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 874
pensions
-
-
-
4 285
total
-
-
-
27 159
Employee
24 731
-
71 231
-
pensions
1 888
-
5 300
-
income
4 504
-
17 942
-
health
323
-
1 048
-
total
6 715
-
24 290
-
Employer
24 731
-
71 231
-
health
470
-
1 353
-
pensions
2 499
-
8 915
-
total
2 969
-
10 268
-
Corporate
53 801
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.

10 222
15 485
-
-
total
10 222
15 485
-
-
Dividends
43 579
66 015
-
-
withholding
4 950
12 241
-
-
total
4 950
12 241
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 856
27 726
34 558
27 159
After tax
56 644
53 774
46 942
54 341
Living cost
18 017
18 017
18 017
18 017
Free-cash
38 627
35 757
28 925
36 324

Estimated living cost  is ₴18017 per week

₴12359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1657
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5163
₴32312
₴43969
₴4797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
accident
-
-
-
125
income
-
-
-
22 327
other
-
-
-
183
health
-
-
-
1 077
pensions
-
-
-
2 055
total
-
-
-
25 767
Employee
18 505
-
73 050
-
pensions
2 084
-
3 768
-
income
2 539
-
16 841
-
health
2 119
-
8 364
-
total
6 742
-
28 973
-
Employer
18 505
-
73 050
-
pensions
3 009
-
5 441
-
accident
309
-
1 220
-
unemployment
453
-
1 790
-
total
3 771
-
8 451
-
Corporate
59 224
81 500
-
-
income

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

53 301
73 350
-
-
total
53 301
73 350
-
-
Dividends
5 922
8 150
-
-
withholding
1 125
1 549
-
-
total
1 125
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
64 939
74 899
37 424
25 767
After tax
16 561
6 601
44 076
55 733
Living cost
11 764
11 764
11 764
11 764
Free-cash
4 797
-5 163
32 312
43 969

Estimated living cost  is ₴11764 per week

₴8633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
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.
₴2208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61990
₴50807
₴40076
₴59705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
81 500
income
-
-
-
13 370
unemployment
-
-
-
937
work injury
-
-
-
390
health insurance
-
-
-
5 775
pensions
-
-
-
14 360
total
-
-
-
34 832
Employee

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

10 547
-
81 500
-
health insurance
780
-
2 888
-
unemployment
127
-
468
-
work injury
53
-
195
-
pensions
1 941
-
7 180
-
income
1 055
-
13 370
-
total
3 956
-
24 101
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 953
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%.

710
815
-
-
total
710
815
-
-
Dividends
70 244
80 685
-
-
withholding
10 537
12 103
-
-
total
10 537
12 103
-
-
Income
81 500
81 500
81 500
81 500
Total tax
15 203
12 918
24 101
34 832
After tax
66 297
68 582
57 399
46 668
Living cost
6 592
6 592
6 592
6 592
Free-cash
59 705
61 990
50 807
40 076

Estimated living cost  is ₴6592 per week

₴4084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴479
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.
₴1823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23466
₴15212
₴18789
₴21242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
social contributions
-
-
-
20 962
regional
-
-
-
1 862
municipal
-
-
-
545
national
-
-
-
19 879
total
-
-
-
43 248
Employee
41 168
-
81 500
-
municipal
246
-
486
-
national
6 957
-
17 206
-
regional
622
-
1 651
-
social contributions
13 882
-
27 482
-
total
21 707
-
46 825
-
Employer
41 168
-
81 500
-
total
-
-
-
-
Corporate
40 332
81 500
-
-
municipal
1 944
3 928
-
-
nationa
9 680
19 560
-
-
total
11 624
23 488
-
-
Dividends
28 708
58 012
-
-
withholding
7 464
15 083
-
-
total
7 464
15 083
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 795
38 571
46 825
43 248
After tax
40 705
42 929
34 675
38 252
Living cost
19 463
19 463
19 463
19 463
Free-cash
21 242
23 466
15 212
18 789

Estimated living cost  is ₴19463 per week

₴13671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1339
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

Source of data for Rome model

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