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
₴26040
₴37169
₴27977
₴31546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 509
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.

-
-
-
1 348
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.

-
-
-
3 400
trade
-
-
-
9 192
total
-
-
-
38 449
Employee

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

19 035
-
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
-
1 348
-
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.

532
-
24 509
-
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.

3 400
-
3 400
-
total
3 961
-
29 257
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 465
81 500
-
-
income
9 370
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.

516
672
-
-
chamber of commerce
165
193
-
-
trade
9 838
12 837
-
-
total
19 889
25 927
-
-
Dividends
42 576
55 573
-
-
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.

575
754
-
-
withholding
10 455
13 705
-
-
total
11 030
14 459
-
-
Income
81 500
81 500
81 500
81 500
Total tax
34 880
40 386
29 257
38 449
After tax
46 620
41 114
52 243
43 051
Living cost
15 074
15 074
15 074
15 074
Free-cash
31 546
26 040
37 169
27 977

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
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.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24359
₴22415
₴21775
₴23918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 853
national
-
-
-
13 719
pensions
-
-
-
9 780
total
-
-
-
33 228
Employee
41 075
-
70 456
-
municipal
5 073
-
9 169
-
pensions
1 643
-
2 818
-
national
7 862
-
14 208
-
total
14 578
-
26 195
-
Employer
41 075
-
70 456
-
pensions
3 286
-
5 636
-
social contributions
442
-
757
-
total
3 728
-
6 393
-
Corporate
33 987
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%.

6 797
16 300
-
-
total
6 797
16 300
-
-
Dividends
27 189
65 200
-
-
withholding
5 982
14 344
-
-
total
5 982
14 344
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 085
30 644
32 588
33 228
After tax
50 415
50 856
48 912
48 272
Living cost
26 497
26 497
26 497
26 497
Free-cash
23 918
24 359
22 415
21 775

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴54846
₴23036
₴17241
₴50763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 055
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.

-
-
-
19 068
microenterprise
-
-
-
-
total
-
-
-
53 905
Employee
14 542
-
60 551
-
surtax
-
-
8 779
-
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.

1 600
-
6 524
-
income
2 589
-
11 859
-
total
4 189
-
27 162
-
Employer
14 542
-
60 551
-
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.

3 503
-
14 288
-
surtax
-
-
6 660
-
total
3 503
-
20 948
-
Corporate
63 455
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%.

12 691
16 300
-
-
total
12 691
16 300
-
-
Dividends

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

50 764
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
20 383
16 300
48 110
53 905
After tax
61 117
65 200
33 390
27 595
Living cost
10 354
10 354
10 354
10 354
Free-cash
50 763
54 846
23 036
17 241

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
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.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19410
₴29402
₴24576
₴16361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 108
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
36 076
Employee
42 499
42 499
72 251
-
pensions
7 650
5 831
5 831
-
income

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

6 956
6 956
10 033
-
health
6 523
5 549
6 137
-
total
21 129
18 336
22 001
-
Employer
42 499
42 499
72 251
-
health
2 954
2 954
3 671
-
pensions
2 958
2 958
3 677
-
unemployment
1 530
1 530
1 901
-
total
7 442
7 442
9 249
-
Corporate
32 080
31 558
-
-
income
6 416
6 312
-
-
total
6 416
6 312
-
-
Dividends
25 664
25 247
-
-
income
5 454
5 365
-
-
withholding
3 850
3 787
-
-
total
9 304
9 152
-
-
Income
81 500
81 500
81 500
81 500
Total tax
44 291
41 242
31 250
36 076
After tax
37 209
40 258
50 250
45 424
Living cost
20 848
20 848
20 848
20 848
Free-cash
16 361
19 410
29 402
24 576

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24618
₴21874
₴22356
₴24172
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
20 539
national
-
-
-
6 101
pensions
-
-
-
4 710
total
-
-
-
39 263
Employee
28 329
-
67 809
-
municipal
8 448
-
20 221
-
national
-
-
5 834
-
total
8 448
-
26 055
-
Employer
28 329
-
67 809
-
health
1 742
-
2 680
-
pensions
3 062
-
4 710
-
accident
57
-
87
-
unemployment
748
-
1 150
-
other
3 292
-
5 063
-
total
8 901
-
13 690
-
Corporate
44 270
81 500
-
-
income
9 739
17 930
-
-
total
9 739
17 930
-
-
Dividends
34 530
63 570
-
-
withholding
10 359
19 071
-
-
total
10 359
19 071
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 447
37 001
39 745
39 263
After tax
44 053
44 499
41 755
42 237
Living cost
19 881
19 881
19 881
19 881
Free-cash
24 172
24 618
21 874
22 356

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21145
₴32692
₴23092
₴28139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 509
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.

-
-
-
1 348
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.

-
-
-
3 400
trade
-
-
-
9 600
total
-
-
-
38 857
Employee

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

25 238
-
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.

119
-
1 348
-
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.

2 168
-
24 509
-
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.

3 400
-
3 400
-
total
5 687
-
29 257
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 262
81 500
-
-
income
8 439
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.

464
672
-
-
chamber of commerce
156
192
-
-
trade
9 255
13 407
-
-
total
18 314
26 496
-
-
Dividends
37 947
55 004
-
-
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.

511
746
-
-
withholding
9 298
13 562
-
-
total
9 809
14 308
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 810
40 804
29 257
38 857
After tax
47 690
40 696
52 243
42 643
Living cost
19 551
19 551
19 551
19 551
Free-cash
28 139
21 145
32 692
23 092

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43332
₴39138
₴39871
₴41267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 356
social contributions
-
-
-
8 052
health
-
-
-
2 079
total
-
-
-
25 487
Employee
38 269
38 269
75 814
-
social contributions
1 860
3 176
4 284
-
income
4 019
3 543
14 961
-
health
381
651
1 289
-
total
6 260
7 370
20 534
-
Employer
38 269
38 269
75 814
-
health
415
708
1 402
-
social contributions
1 860
3 176
4 284
-
total
2 275
3 884
5 686
-
Corporate
56 825
39 347
-
-
income
7 103
4 919
-
-
total
7 103
4 919
-
-
Dividends
49 722
34 428
-
-
withholding
8 453
5 853
-
-
total
8 453
5 853
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 091
22 026
26 220
25 487
After tax
57 409
59 474
55 280
56 013
Living cost
16 142
16 142
16 142
16 142
Free-cash
41 267
43 332
39 138
39 871

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
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.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36873
₴38326
₴47539
₴37059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

12 876
5 124
68 201
-
unemployment
193
77
1 023
-
pensions
1 288
512
6 820
-
income
1 574
626
8 338
-
health
901
359
4 774
-
total
3 956
1 574
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.

12 876
5 124
68 201
-
pensions
2 511
999
13 299
-
total
2 511
999
13 299
-
Corporate
66 114
75 376
-
-
income
5 950
6 784
-
-
total
5 950
6 784
-
-
Dividends
60 163
68 593
-
-
social contributions
11 673
13 317
-
-
withholding
11 431
13 033
-
-
total
23 104
26 350
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 521
35 707
34 254
25 041
After tax
45 979
45 793
47 246
56 459
Living cost
8 920
8 920
8 920
8 920
Free-cash
37 059
36 873
38 326
47 539

Estimated living cost  is ₴8920 per week

₴6087
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
₴53179
₴34955
₴31663
₴50088
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
10 921
health
-
-
-
10 595
pensions
-
-
-
16 300
total
-
-
-
37 816
Employee
14 118
-
60 911
-
unemployment
226
-
975
-
pensions
282
-
1 218
-
income
1 589
-
11 744
-
total
2 097
-
13 937
-
Employer
14 118
-
60 911
-
health
1 835
-
7 918
-
pensions
2 824
-
12 182
-
unemployment
113
-
487
-
total
4 772
-
20 587
-
Corporate
62 610
81 500
-
-
income
12 522
16 300
-
-
total
12 522
16 300
-
-
Dividends
50 087
65 200
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
19 391
16 300
34 524
37 816
After tax
62 109
65 200
46 976
43 684
Living cost
12 021
12 021
12 021
12 021
Free-cash
50 088
53 179
34 955
31 663

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4510
₴32896
₴44630
₴4897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
22 242
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
25 759
Employee
17 478
-
72 931
-
pensions
1 968
-
3 853
-
income
2 398
-
16 720
-
health
2 001
-
8 351
-
total
6 367
-
28 924
-
Employer
17 478
-
72 931
-
pensions
2 842
-
5 564
-
accident
292
-
1 218
-
unemployment
428
-
1 787
-
total
3 562
-
8 569
-
Corporate
60 460
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.

54 414
73 350
-
-
total
54 414
73 350
-
-
Dividends
6 046
8 150
-
-
withholding
1 149
1 549
-
-
total
1 149
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 492
74 899
37 493
25 759
After tax
16 008
6 601
44 007
55 741
Living cost
11 111
11 111
11 111
11 111
Free-cash
4 897
-4 510
32 896
44 630

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
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.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73415
₴61190
₴76675
₴72664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 012
-
81 500
-
income
1 002
-
16 300
-
total
1 002
-
16 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

76 488
81 500
-
-
total
-
-
-
-
Dividends
76 488
81 500
-
-
withholding
3 824
4 075
-
-
total
3 824
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
4 826
4 075
16 300
815
After tax
76 674
77 425
65 200
80 685
Living cost
4 010
4 010
4 010
4 010
Free-cash
72 664
73 415
61 190
76 675

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴46617
₴33078
₴31154
₴43258
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
11 997
other
-
-
-
3 595
health
-
-
-
3 330
pensions

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

-
-
-
18 163
total
-
-
-
37 085
Employee
18 070
-
65 096
-
unemployment
180
-
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.

1 265
-
4 557
-
income
3 111
-
12 638
-
health
253
-
911
-
total
4 809
-
18 757
-
Employer
18 070
-
65 096
-
health
253
-
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.

3 072
-
11 067
-
accident
144
-
520
-
unemployment
180
-
651
-
other
904
-
3 255
-
total
4 553
-
16 404
-
Corporate
58 876
81 500
-
-
income
12 364
17 115
-
-
total
12 364
17 115
-
-
Dividends
46 512
64 385
-
-
withholding
3 255
4 507
-
-
total
3 255
4 507
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 981
21 622
35 161
37 085
After tax
56 519
59 878
46 339
44 415
Living cost
13 261
13 261
13 261
13 261
Free-cash
43 258
46 617
33 078
31 154

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20755
₴13843
₴21253
₴20989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 648
pensions
-
-
-
4 351
total
-
-
-
26 999
Employee
47 041
-
71 251
-
pensions
4 538
-
5 397
-
income
8 480
-
17 707
-
health
775
-
1 057
-
total
13 793
-
24 161
-
Employer
47 041
-
71 251
-
health
893
-
1 353
-
pensions
5 554
-
8 895
-
total
6 447
-
10 248
-
Corporate
28 011
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.

5 322
15 485
-
-
total
5 322
15 485
-
-
Dividends
22 689
66 015
-
-
withholding
1 701
12 012
-
-
total
1 701
12 012
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 263
27 497
34 409
26 999
After tax
54 237
54 003
47 091
54 501
Living cost
33 248
33 248
33 248
33 248
Free-cash
20 989
20 755
13 843
21 253

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴63158
₴61242
₴58110
₴60848
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
16 866
Employee
8 638
-
78 090
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
7 809
-
health
397
-
799
-
total
2 114
-
10 325
-
Employer
8 638
-
78 090
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
71 167
81 500
-
-
income
7 116
8 150
-
-
total
7 116
8 150
-
-
Dividends
64 050
73 350
-
-
withholding
3 203
3 668
-
-
total
3 203
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 128
11 818
13 734
16 866
After tax
67 372
69 682
67 766
64 634
Living cost
6 524
6 524
6 524
6 524
Free-cash
60 848
63 158
61 242
58 110

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12661
₴22653
₴17827
₴13915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 108
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
36 076
Employee
46 141
42 499
72 251
-
pensions
5 831
5 831
5 831
-
income

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

6 956
6 956
10 033
-
health
5 756
5 549
6 137
-
total
18 543
18 336
22 001
-
Employer
46 141
42 499
72 251
-
health
3 206
2 954
3 671
-
pensions
3 211
2 958
3 677
-
unemployment
1 661
1 530
1 901
-
total
8 078
7 442
9 249
-
Corporate
27 281
31 558
-
-
income
5 456
6 312
-
-
total
5 456
6 312
-
-
Dividends
21 825
25 247
-
-
income
4 638
5 365
-
-
withholding
3 273
3 787
-
-
total
7 911
9 152
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 988
41 242
31 250
36 076
After tax
41 512
40 258
50 250
45 424
Living cost
27 597
27 597
27 597
27 597
Free-cash
13 915
12 661
22 653
17 827

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
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.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43908
₴29305
₴32791
₴39554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 940
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
-
health
-
-
-
11 002
total
-
-
-
36 504
Employee
17 948
-
60 976
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
3 909
-
income
2 154
-
7 325
-
health
2 423
-
8 232
-
total
5 744
-
19 466
-
Employer
17 948
-
60 976
-
health
1 615
-
5 488
-
social contributions
4 487
-
15 036
-
total
6 102
-
20 524
-
Corporate
57 449
81 500
-
-
income
10 915
15 485
-
-
total
10 915
15 485
-
-
Dividends
46 534
66 015
-
-
withholding
6 980
9 902
-
-
total
6 980
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 741
25 387
39 990
36 504
After tax
51 759
56 113
41 510
44 996
Living cost
12 205
12 205
12 205
12 205
Free-cash
39 554
43 908
29 305
32 791

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴22483
₴14629
₴18312
₴19886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
955
municipal
-
-
-
484
national
-
-
-
19 787
total
-
-
-
42 188
Employee
44 230
-
81 500
-
municipal
234
-
433
-
national
7 664
-
17 113
-
regional
417
-
843
-
social contributions
14 914
-
27 482
-
total
23 229
-
45 871
-
Employer
44 230
-
81 500
-
total
-
-
-
-
Corporate
37 270
81 500
-
-
municipal
1 453
3 179
-
-
nationa
8 945
19 560
-
-
total
10 398
22 739
-
-
Dividends
26 872
58 761
-
-
withholding
6 987
15 278
-
-
total
6 987
15 278
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 614
38 017
45 871
42 188
After tax
40 886
43 483
35 629
39 312
Living cost
21 000
21 000
21 000
21 000
Free-cash
19 886
22 483
14 629
18 312

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40281
₴24555
₴27667
₴38733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 535
other
-
-
-
-
surtax
-
-
-
3 203
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
42 851
Employee
16 458
-
67 519
-
other
-
-
-
-
unemployment
1 146
-
4 623
-
pensions
1 097
-
4 430
-
surtax
54
-
2 677
-
income
2 759
-
18 559
-
health
420
-
1 693
-
total
5 476
-
31 982
-
Employer
16 458
-
67 519
-
health
749
-
3 022
-
pensions
2 194
-
8 854
-
unemployment
521
-
2 105
-
other
-
-
-
-
total
3 464
-
13 981
-
Corporate
61 578
81 500
-
-
income
16 010
21 190
-
-
total
16 010
21 190
-
-
Dividends
45 568
60 310
-
-
withholding
6 835
9 047
-
-
total
6 835
9 047
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 785
30 237
45 963
42 851
After tax
49 715
51 263
35 537
38 649
Living cost
10 982
10 982
10 982
10 982
Free-cash
38 733
40 281
24 555
27 667

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31289
₴24377
₴31787
₴34437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 648
pensions
-
-
-
4 351
total
-
-
-
26 999
Employee
31 526
-
71 251
-
pensions
2 676
-
5 397
-
income
5 678
-
17 707
-
health
458
-
1 057
-
total
8 812
-
24 161
-
Employer
31 526
-
71 251
-
health
599
-
1 353
-
pensions
3 413
-
8 895
-
total
4 012
-
10 248
-
Corporate
45 963
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.

8 733
15 485
-
-
total
8 733
15 485
-
-
Dividends
37 230
66 015
-
-
withholding
2 792
12 012
-
-
total
2 792
12 012
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 349
27 497
34 409
26 999
After tax
57 151
54 003
47 091
54 501
Living cost
22 714
22 714
22 714
22 714
Free-cash
34 437
31 289
24 377
31 787

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
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.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴2027
₴23213
₴27173
₴14786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 783
health
-
-
-
184
city
-
-
-
859
national
-
-
-
1 077
pensions
-
-
-
7 499
total
-
-
-
15 032
Employee
45 985
-
72 946
-
unemployment
-
-
-
-
pensions
3 863
-
6 128
-
national
218
-
888
-
regional
1 506
-
3 276
-
city
494
-
783
-
health
104
-
165
-
total
6 185
-
11 240
-
Employer
45 985
-
72 946
-
health
104
-
165
-
pensions
3 863
-
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.

919
-
1 459
-
total
4 886
-
7 752
-
Corporate
30 122
81 500
-
-
regional
6 371
17 237
-
-
national
2 560
6 927
-
-
total
8 931
24 164
-
-
Dividends
21 191
57 336
-
-
withholding
7 417
20 068
-
-
total
7 417
20 068
-
-
Income
81 500
81 500
81 500
81 500
Total tax
27 419
44 232
18 992
15 032
After tax
54 081
37 268
62 508
66 468
Living cost
39 295
39 295
39 295
39 295
Free-cash
14 786
-2 027
23 213
27 173

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴17479
₴29444
₴19435
₴25548
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 509
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.

-
-
-
1 348
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.

-
-
-
3 400
trade
-
-
-
10 009
total
-
-
-
39 266
Employee

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

29 909
-
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.

194
-
1 348
-
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.

3 517
-
24 509
-
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.

3 400
-
3 400
-
total
7 111
-
29 257
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 591
81 500
-
-
income
7 739
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.

426
672
-
-
chamber of commerce
148
190
-
-
trade
8 847
13 978
-
-
total
17 160
27 065
-
-
Dividends
34 430
54 435
-
-
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.

463
738
-
-
withholding
8 419
13 419
-
-
total
8 882
14 157
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 153
41 222
29 257
39 266
After tax
48 347
40 278
52 243
42 234
Living cost
22 799
22 799
22 799
22 799
Free-cash
25 548
17 479
29 444
19 435

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24049
₴28445
₴29000
₴26989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 250
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 255
pensions
-
-
-
15 120
total
-
-
-
35 473
Employee
21 300
-
63 496
-
pensions
2 408
-
4 241
-
surtax
-
-
-
-
social contributions
607
-
1 809
-
income
1 257
-
11 974
-
total
4 272
-
18 024
-
Employer
21 300
-
63 496
-
health
1 491
-
5 668
-
pensions
3 499
-
7 170
-
unemployment
862
-
2 572
-
social contributions
64
-
191
-
other
735
-
2 403
-
total
6 651
-
18 004
-
Corporate
53 549
81 500
-
-
income
14 994
22 820
-
-
surtax
-
-
-
-
total
14 994
22 820
-
-
Dividends
38 555
58 680
-
-
surtax
-
-
-
-
social contributions
6 632
10 093
-
-
withholding
4 935
7 511
-
-
total
11 567
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 484
40 424
36 028
35 473
After tax
44 016
41 076
45 472
46 027
Living cost
17 027
17 027
17 027
17 027
Free-cash
26 989
24 049
28 445
29 000

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25736
₴30132
₴30687
₴28503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 250
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 255
pensions
-
-
-
15 120
total
-
-
-
35 473
Employee
19 013
-
63 496
-
pensions
2 150
-
4 241
-
surtax
-
-
-
-
social contributions
542
-
1 809
-
income
980
-
11 974
-
total
3 672
-
18 024
-
Employer
19 013
-
63 496
-
health
1 331
-
5 668
-
pensions
3 124
-
7 170
-
unemployment
770
-
2 572
-
social contributions
57
-
191
-
other
656
-
2 403
-
total
5 938
-
18 004
-
Corporate
56 549
81 500
-
-
income
15 833
22 820
-
-
surtax
-
-
-
-
total
15 833
22 820
-
-
Dividends
40 716
58 680
-
-
surtax
-
-
-
-
social contributions
7 003
10 093
-
-
withholding
5 211
7 511
-
-
total
12 214
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 657
40 424
36 028
35 473
After tax
43 843
41 076
45 472
46 027
Living cost
15 340
15 340
15 340
15 340
Free-cash
28 503
25 736
30 132
30 687

Estimated living cost  is ₴15340 per week

₴8897
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.
₴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.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴39170
₴40288
₴41787
₴39428
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
81 500
income
-
-
-
12 225
social contributions
-
-
-
11 247
health
-
-
-
5 688
total
-
-
-
29 160
Employee
16 874
-
81 500
-
social contributions
2 329
-
11 247
-
income
2 814
-
13 724
-
health
1 178
-
5 688
-
total
6 321
-
30 659
-
Employer
16 874
-
81 500
-
total
-
-
-
-
Corporate
64 626
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%.

3 231
4 075
-
-
total
3 231
4 075
-
-
Dividends
61 395
77 425
-
-
social contributions
8 472
10 684
-
-
withholding
9 209
11 614
-
-
health
4 286
5 404
-
-
total
21 967
27 702
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 519
31 777
30 659
29 160
After tax
49 981
49 723
50 841
52 340
Living cost
10 553
10 553
10 553
10 553
Free-cash
39 428
39 170
40 288
41 787

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27616
₴3972
₴24278
₴26849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 007
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
326
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
39 686
Employee
24 872
19 833
64 225
-
other
248
198
582
-
unemployment
746
595
1 744
-
pensions
2 547
2 031
5 954
-
income
2 831
1 463
16 602
-
health
962
768
2 250
-
total
7 334
5 055
27 132
-
Employer
24 872
19 833
64 225
-
chamber of commerce
99
79
257
-
health
940
750
2 198
-
pensions
3 121
2 490
7 297
-
accident
323
258
756
-
unemployment
746
595
1 744
-
surtax
98
98
98
-
payroll
746
595
1 927
-
other
1 181
942
2 999
-
total
7 254
5 807
17 276
-
Corporate
49 373
55 861
62 337
-
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.

12 344
13 965
15 584
-
total
12 344
13 965
15 584
-
Dividends
37 030
41 895
-
-
withholding
10 183
11 521
-
-
total
10 183
11 521
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 115
36 348
59 992
39 686
After tax
44 385
45 152
21 508
41 814
Living cost
17 536
17 536
17 536
17 536
Free-cash
26 849
27 616
3 972
24 278

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27447
₴10890
₴17148
₴19982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
4 145
social contributions
-
-
-
12 408
national
-
-
-
29 653
total
-
-
-
46 206
Employee

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

35 599
-
63 123
-
unemployment

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

310
-
549
-
communal

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

1 857
-
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.

2 670
-
4 734
-
national
10 945
-
22 544
-
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.

1 673
-
2 967
-
total
17 455
-
34 086
-
Employer

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

35 599
-
63 123
-
health

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

2 189
-
3 883
-
pensions

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

3 154
-
5 593
-
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.

463
-
821
-
unemployment

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

519
-
922
-
surtax
4 036
-
7 159
-
total
10 361
-
18 378
-
Corporate
35 539
81 500
-
-
income
7 108
16 300
-
-
surtax
143
326
-
-
total
7 251
16 626
-
-
Dividends
28 288
64 874
-
-
withholding

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

8 305
19 281
-
-
total
8 305
19 281
-
-
Income
81 500
81 500
81 500
81 500
Total tax
43 372
35 907
52 464
46 206
After tax
38 128
45 593
29 036
35 294
Living cost
18 146
18 146
18 146
18 146
Free-cash
19 982
27 447
10 890
17 148

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36426
₴25747
₴27833
₴32903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
21 855
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
35 694
Employee
24 773
-
66 794
-
other
25
-
46
-
unemployment
384
-
715
-
pensions
1 164
-
2 168
-
income
5 227
-
20 146
-
total
6 800
-
23 075
-
Employer
24 773
-
66 794
-
pensions
5 846
-
10 886
-
accident
490
-
913
-
unemployment
1 363
-
2 537
-
other
197
-
369
-
total
7 896
-
14 705
-
Corporate
48 831
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.

7 325
12 225
-
-
total
7 325
12 225
-
-
Dividends
41 506
69 275
-
-
withholding
8 603
14 876
-
-
total
8 603
14 876
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 624
27 101
37 780
35 694
After tax
50 876
54 399
43 720
45 806
Living cost
17 973
17 973
17 973
17 973
Free-cash
32 903
36 426
25 747
27 833

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
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.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21003
₴17189
₴13938
₴14935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
688
income
-
-
-
12 695
surtax
-
-
-
4 040
health
-
-
-
5 726
pensions
-
-
-
12 216
total
-
-
-
40 516
Employee
37 688
-
72 800
-
pensions
3 015
-
5 824
-
surtax
2 310
-
4 461
-
income
3 640
-
15 042
-
health
1 677
-
3 239
-
total
10 642
-
28 566
-
Employer
37 688
-
72 800
-
health
1 149
-
2 220
-
pensions
3 015
-
5 824
-
accident
339
-
655
-
total
4 503
-
8 699
-
Corporate
39 308
81 500
-
-
communal
2 653
5 501
-
-
income
5 896
12 225
-
-
surtax
413
856
-
-
total
8 962
18 582
-
-
Dividends
30 347
62 918
-
-
income
10 860
5 431
-
-
withholding
4 552
9 438
-
-
total
15 412
14 869
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 519
33 451
37 265
40 516
After tax
41 981
48 049
44 235
40 984
Living cost
27 046
27 046
27 046
27 046
Free-cash
14 935
21 003
17 189
13 938

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
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.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40085
₴24359
₴27471
₴38503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 535
other
-
-
-
-
surtax
-
-
-
3 203
unemployment
-
-
-
113
health
-
-
-
4 716
pensions
-
-
-
13 284
total
-
-
-
42 851
Employee
16 760
-
67 519
-
other
-
-
-
-
unemployment
1 166
-
4 623
-
pensions
1 118
-
4 430
-
surtax
59
-
2 677
-
income
2 810
-
18 559
-
health
428
-
1 693
-
total
5 581
-
31 982
-
Employer
16 760
-
67 519
-
health
762
-
3 022
-
pensions
2 235
-
8 854
-
unemployment
532
-
2 105
-
other
-
-
-
-
total
3 529
-
13 981
-
Corporate
61 212
81 500
-
-
income
15 915
21 190
-
-
total
15 915
21 190
-
-
Dividends
45 297
60 310
-
-
withholding
6 794
9 047
-
-
total
6 794
9 047
-
-
Income
81 500
81 500
81 500
81 500
Total tax
31 819
30 237
45 963
42 851
After tax
49 681
51 263
35 537
38 649
Living cost
11 178
11 178
11 178
11 178
Free-cash
38 503
40 085
24 359
27 471

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29432
₴21969
₴25632
₴28328
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
19 787
total
-
-
-
42 462
Employee
27 607
-
81 500
-
municipal
146
-
433
-
national
4 374
-
17 113
-
regional
372
-
1 097
-
social contributions
9 309
-
27 482
-
total
14 201
-
46 125
-
Employer
27 607
-
81 500
-
total
-
-
-
-
Corporate
53 893
81 500
-
-
municipal
2 678
4 051
-
-
nationa
12 934
19 560
-
-
total
15 612
23 611
-
-
Dividends
38 281
57 889
-
-
withholding
9 953
15 051
-
-
total
9 953
15 051
-
-
Income
81 500
81 500
81 500
81 500
Total tax
39 766
38 662
46 125
42 462
After tax
41 734
42 838
35 375
39 038
Living cost
13 406
13 406
13 406
13 406
Free-cash
28 328
29 432
21 969
25 632

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41074
₴26471
₴29957
₴35709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 940
social contributions
-
-
-
17 562
solidarity contribution
-
-
-
-
health
-
-
-
11 002
total
-
-
-
36 504
Employee
22 117
-
60 976
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
3 909
-
income
2 654
-
7 325
-
health
2 986
-
8 232
-
total
7 078
-
19 466
-
Employer
22 117
-
60 976
-
health
1 990
-
5 488
-
social contributions
5 529
-
15 036
-
total
7 519
-
20 524
-
Corporate
51 863
81 500
-
-
income
9 854
15 485
-
-
total
9 854
15 485
-
-
Dividends
42 009
66 015
-
-
withholding
6 301
9 902
-
-
total
6 301
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 752
25 387
39 990
36 504
After tax
50 748
56 113
41 510
44 996
Living cost
15 039
15 039
15 039
15 039
Free-cash
35 709
41 074
26 471
29 957

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29326
₴5661
₴26034
₴29082
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
21 007
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
326
health
-
-
-
4 447
pensions
-
-
-
10 756
total
-
-
-
39 588
Employee
21 755
19 833
64 317
-
other
217
198
582
-
unemployment
653
595
1 744
-
pensions
2 228
2 031
5 954
-
income
1 938
1 463
16 641
-
health
841
768
2 250
-
total
5 877
5 055
27 171
-
Employer
21 755
19 833
64 317
-
chamber of commerce
87
79
257
-
health
823
750
2 198
-
pensions
2 730
2 490
7 297
-
accident
282
258
756
-
unemployment
653
595
1 744
-
surtax
-
-
-
-
payroll
653
595
1 929
-
other
1 033
942
3 002
-
total
6 261
5 709
17 183
-
Corporate
53 485
55 959
62 428
-
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.

13 371
13 990
15 607
-
total
13 371
13 990
15 607
-
Dividends
40 113
41 969
-
-
withholding
11 031
11 542
-
-
total
11 031
11 542
-
-
Income
81 500
81 500
81 500
81 500
Total tax
36 540
36 296
59 961
39 588
After tax
44 960
45 204
21 539
41 912
Living cost
15 878
15 878
15 878
15 878
Free-cash
29 082
29 326
5 661
26 034

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴71176
₴58951
₴74436
₴70005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 811
-
81 500
-
income
1 562
-
16 300
-
total
1 562
-
16 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

73 689
81 500
-
-
total
-
-
-
-
Dividends
73 689
81 500
-
-
withholding
3 684
4 075
-
-
total
3 684
4 075
-
-
Income
81 500
81 500
81 500
81 500
Total tax
5 246
4 075
16 300
815
After tax
76 254
77 425
65 200
80 685
Living cost
6 249
6 249
6 249
6 249
Free-cash
70 005
71 176
58 951
74 436

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴42764
₴24609
₴26769
₴38603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 357
unemployment
-
-
-
122
health
-
-
-
8 019
pensions
-
-
-
14 884
total
-
-
-
41 382
Employee

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

22 007
-
70 520
-
unemployment
31
-
99
-
pensions
3 411
-
10 931
-
income
3 795
-
16 976
-
health
1 421
-
4 556
-
total
8 658
-
32 562
-
Employer

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

22 007
-
70 520
-
health
1 466
-
4 697
-
pensions
1 947
-
6 241
-
unemployment
13
-
42
-
total
3 426
-
10 980
-
Corporate
56 066
81 500
-
-
income
10 652
15 485
-
-
total
10 652
15 485
-
-
Dividends
45 414
66 015
-
-
withholding
6 812
9 902
-
-
total
6 812
9 902
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 548
25 387
43 542
41 382
After tax
51 952
56 113
37 958
40 118
Living cost
13 349
13 349
13 349
13 349
Free-cash
38 603
42 764
24 609
26 769

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
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.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28327
₴53761
₴35065
₴4891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
Corporate
8 040
81 500
-
-
income
1 769
17 930
-
-
total
1 769
17 930
-
-
Dividends
6 271
63 570
-
-
income
1 380
13 985
-
-
total
1 380
13 985
-
-
Income
81 500
81 500
81 500
81 500
Total tax
55 351
31 915
6 481
25 177
After tax
26 149
49 585
75 019
56 323
Living cost
21 258
21 258
21 258
21 258
Free-cash
4 891
28 327
53 761
35 065

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
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.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30747
₴22252
₴28272
₴30246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 296
surtax
-
-
-
-
social contributions

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

-
-
-
28 322
total
-
-
-
37 618
Employee
22 889
-
65 858
-
surtax
-
-
-
-
social contributions
2 518
-
7 245
-
income
4 761
-
20 751
-
total
7 279
-
27 996
-
Employer
22 889
-
65 858
-
social contributions
5 436
-
15 642
-
total
5 436
-
15 642
-
Corporate
53 175
81 500
-
-
income
11 167
17 115
-
-
surtax
-
-
-
-
total
11 167
17 115
-
-
Dividends
42 008
64 385
-
-
withholding
11 762
18 028
-
-
total
11 762
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 644
35 143
43 638
37 618
After tax
45 856
46 357
37 862
43 882
Living cost
15 610
15 610
15 610
15 610
Free-cash
30 246
30 747
22 252
28 272

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17039
₴21435
₴21990
₴20459
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 250
other
-
-
-
2 526
surtax
-
-
-
-
social contributions
-
-
-
2 322
health
-
-
-
3 255
pensions
-
-
-
15 120
total
-
-
-
35 473
Employee
31 170
-
63 496
-
pensions
3 526
-
4 241
-
surtax
-
-
-
-
social contributions
888
-
1 809
-
income
2 720
-
11 974
-
total
7 134
-
18 024
-
Employer
31 170
-
63 496
-
health
2 182
-
5 668
-
pensions
5 122
-
7 170
-
unemployment
1 263
-
2 572
-
social contributions
93
-
191
-
other
1 076
-
2 403
-
total
9 736
-
18 004
-
Corporate
40 594
81 500
-
-
income
11 366
22 820
-
-
surtax
-
-
-
-
total
11 366
22 820
-
-
Dividends
29 228
58 680
-
-
surtax
-
-
-
-
social contributions
5 027
10 093
-
-
withholding
3 741
7 511
-
-
total
8 768
17 604
-
-
Income
81 500
81 500
81 500
81 500
Total tax
37 004
40 424
36 028
35 473
After tax
44 496
41 076
45 472
46 027
Living cost
24 037
24 037
24 037
24 037
Free-cash
20 459
17 039
21 435
21 990

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58390
₴47441
₴45275
₴56718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 335
social contributions
-
-
-
17 930
total
-
-
-
21 265
Employee
16 000
-
70 563
-
income
-
-
3 576
-
social contributions
1 040
-
4 586
-
total
1 040
-
8 162
-
Employer
16 000
-
70 563
-
social contributions
2 480
-
10 937
-
total
2 480
-
10 937
-
Corporate
63 020
81 500
-
-
income
6 302
8 150
-
-
total
6 302
8 150
-
-
Dividends
56 718
73 350
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
9 822
8 150
19 099
21 265
After tax
71 678
73 350
62 401
60 235
Living cost
14 960
14 960
14 960
14 960
Free-cash
56 718
58 390
47 441
45 275

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
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.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26927
-₴26927
₴24457
-₴26927
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 485
municipal
-
-
-
16 794
national
-
-
-
9 366
pensions
-
-
-
431
total
-
-
-
33 076
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
81 500
81 500
81 500
81 500
Total tax
84 460
84 460
84 460
33 076
After tax
-2 960
-2 960
-2 960
48 424
Living cost
23 967
23 967
23 967
23 967
Free-cash
-26 927
-26 927
-26 927
24 457

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4346
₴33060
₴44794
₴4921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
22 242
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
25 759
Employee
17 220
-
72 931
-
pensions
1 939
-
3 853
-
income
2 362
-
16 720
-
health
1 972
-
8 351
-
total
6 273
-
28 924
-
Employer
17 220
-
72 931
-
pensions
2 800
-
5 564
-
accident
288
-
1 218
-
unemployment
422
-
1 787
-
total
3 510
-
8 569
-
Corporate
60 771
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.

54 694
73 350
-
-
total
54 694
73 350
-
-
Dividends
6 077
8 150
-
-
withholding
1 155
1 549
-
-
total
1 155
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
65 632
74 899
37 493
25 759
After tax
15 868
6 601
44 007
55 741
Living cost
10 947
10 947
10 947
10 947
Free-cash
4 921
-4 346
33 060
44 794

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32345
₴24039
₴34356
₴33448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 047
municipal
-
-
-
14 482
national
-
-
-
12 508
total
-
-
-
28 037
Employee
26 184
-
68 562
-
municipal
4 289
-
11 171
-
unemployment
393
-
1 028
-
pensions
1 767
-
4 628
-
national
433
-
7 741
-
health
195
-
848
-
total
7 077
-
25 416
-
Employer
26 184
-
68 562
-
health
201
-
528
-
pensions
4 543
-
11 895
-
accident
26
-
69
-
unemployment
170
-
446
-
total
4 940
-
12 938
-
Corporate
50 376
81 500
-
-
income
10 075
16 300
-
-
total
10 075
16 300
-
-
Dividends

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

30 226
48 900
-
-
municipal
5 441
8 802
-
-
national
1 412
4 946
-
-
total
6 853
13 748
-
-
Income
81 500
81 500
81 500
81 500
Total tax
28 945
30 048
38 354
28 037
After tax
52 555
51 452
43 146
53 463
Living cost
19 107
19 107
19 107
19 107
Free-cash
33 448
32 345
24 039
34 356

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47951
₴43757
₴44490
₴45243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 356
social contributions
-
-
-
8 052
health
-
-
-
2 079
total
-
-
-
25 487
Employee
38 269
38 269
75 814
-
social contributions
1 447
3 176
4 284
-
income
4 167
3 543
14 961
-
health
297
651
1 289
-
total
5 911
7 370
20 534
-
Employer
38 269
38 269
75 814
-
health
322
708
1 402
-
social contributions
1 447
3 176
4 284
-
total
1 769
3 884
5 686
-
Corporate
62 298
39 347
-
-
income
7 787
4 919
-
-
total
7 787
4 919
-
-
Dividends
54 511
34 428
-
-
withholding
9 267
5 853
-
-
total
9 267
5 853
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 734
22 026
26 220
25 487
After tax
56 766
59 474
55 280
56 013
Living cost
11 523
11 523
11 523
11 523
Free-cash
45 243
47 951
43 757
44 490

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴59588
₴50393
₴60376
₴57056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 241
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
13 222
Employee

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

11 423
-
76 636
-
unemployment
57
-
236
-
pensions
1 713
-
7 083
-
income
781
-
7 008
-
health
971
-
4 014
-
total
3 522
-
18 341
-
Employer

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

11 423
-
76 636
-
health
491
-
2 031
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 864
-
Corporate
68 901
81 500
-
-
income
6 201
7 335
-
-
total
6 201
7 335
-
-
Dividends
62 700
74 165
-
-
withholding
5 643
6 675
-
-
total
5 643
6 675
-
-
Income
81 500
81 500
81 500
81 500
Total tax
16 542
14 010
23 205
13 222
After tax
64 958
67 490
58 295
68 278
Living cost
7 902
7 902
7 902
7 902
Free-cash
57 056
59 588
50 393
60 376

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
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.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40714
₴30035
₴32121
₴38517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
21 855
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
35 694
Employee
18 402
-
66 794
-
other
18
-
46
-
unemployment
285
-
715
-
pensions
865
-
2 168
-
income
3 548
-
20 146
-
total
4 716
-
23 075
-
Employer
18 402
-
66 794
-
pensions
4 342
-
10 886
-
accident
365
-
913
-
unemployment
1 012
-
2 537
-
other
147
-
369
-
total
5 866
-
14 705
-
Corporate
57 231
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.

8 585
12 225
-
-
total
8 585
12 225
-
-
Dividends
48 646
69 275
-
-
withholding
10 131
14 876
-
-
total
10 131
14 876
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 298
27 101
37 780
35 694
After tax
52 202
54 399
43 720
45 806
Living cost
13 685
13 685
13 685
13 685
Free-cash
38 517
40 714
30 035
32 121

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴49848
₴51303
₴51375
₴49682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
27 849
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
29 117
Employee
1 535
-
80 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
27 810
-
health
77
-
184
-
total
527
-
28 362
-
Employer
1 535
-
80 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
79 619
81 500
-
-
income
17 516
17 930
-
-
total
17 516
17 930
-
-
Dividends
62 103
63 570
-
-
withholding
12 421
12 714
-
-
total
12 421
12 714
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 810
30 644
29 189
29 117
After tax
50 690
50 856
52 311
52 383
Living cost
1 008
1 008
1 008
1 008
Free-cash
49 682
49 848
51 303
51 375

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50294
₴40733
₴40732
₴47849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 300
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
32 177
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.

12 954
-
74 929
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
18 300
-
health
667
-
1 891
-
total
4 364
-
25 605
-
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.

12 954
-
74 929
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
66 227
81 500
-
-
income
9 934
12 225
-
-
total
9 934
12 225
-
-
Dividends
56 293
69 275
-
-
withholding
8 444
10 391
-
-
total
8 444
10 391
-
-
Income
81 500
81 500
81 500
81 500
Total tax
25 060
22 616
32 176
32 177
After tax
56 440
58 884
49 324
49 323
Living cost
8 590
8 590
8 590
8 590
Free-cash
47 849
50 294
40 733
40 732

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32940
₴24445
₴30465
₴32762
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 296
surtax
-
-
-
-
social contributions

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

-
-
-
28 322
total
-
-
-
37 618
Employee
19 316
-
65 858
-
surtax
-
-
-
-
social contributions
2 125
-
7 245
-
income
3 774
-
20 751
-
total
5 899
-
27 996
-
Employer
19 316
-
65 858
-
social contributions
4 587
-
15 642
-
total
4 587
-
15 642
-
Corporate
57 597
81 500
-
-
income
12 095
17 115
-
-
surtax
-
-
-
-
total
12 095
17 115
-
-
Dividends
45 502
64 385
-
-
withholding
12 740
18 028
-
-
total
12 740
18 028
-
-
Income
81 500
81 500
81 500
81 500
Total tax
35 321
35 143
43 638
37 618
After tax
46 179
46 357
37 862
43 882
Living cost
13 417
13 417
13 417
13 417
Free-cash
32 762
32 940
24 445
30 465

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
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.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36909
₴26230
₴28316
₴33554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
21 855
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
35 694
Employee
24 035
-
66 794
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 130
-
2 168
-
income
5 020
-
20 146
-
total
6 546
-
23 075
-
Employer
24 035
-
66 794
-
pensions
5 672
-
10 886
-
accident
476
-
913
-
unemployment
1 322
-
2 537
-
other
193
-
369
-
total
7 663
-
14 705
-
Corporate
49 801
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.

7 470
12 225
-
-
total
7 470
12 225
-
-
Dividends
42 331
69 275
-
-
withholding
8 777
14 876
-
-
total
8 777
14 876
-
-
Income
81 500
81 500
81 500
81 500
Total tax
30 456
27 101
37 780
35 694
After tax
51 044
54 399
43 720
45 806
Living cost
17 490
17 490
17 490
17 490
Free-cash
33 554
36 909
26 230
28 316

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61123
₴59207
₴56075
₴58091
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
16 866
Employee
11 334
-
78 090
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
7 809
-
health
521
-
799
-
total
2 775
-
10 325
-
Employer
11 334
-
78 090
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
67 943
81 500
-
-
income
6 794
8 150
-
-
total
6 794
8 150
-
-
Dividends
61 148
73 350
-
-
withholding
3 057
3 668
-
-
total
3 057
3 668
-
-
Income
81 500
81 500
81 500
81 500
Total tax
14 850
11 818
13 734
16 866
After tax
66 650
69 682
67 766
64 634
Living cost
8 559
8 559
8 559
8 559
Free-cash
58 091
61 123
59 207
56 075

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22740
₴33029
₴24654
₴29251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
24 509
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.

-
-
-
1 348
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.

-
-
-
3 400
trade
-
-
-
8 375
total
-
-
-
37 632
Employee

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

24 762
-
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.

112
-
1 348
-
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.

2 036
-
24 509
-
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.

3 400
-
3 400
-
total
5 548
-
29 257
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 738
81 500
-
-
income
8 510
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
159
195
-
-
trade
8 142
11 695
-
-
total
17 279
24 787
-
-
Dividends
39 458
56 712
-
-
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.

532
770
-
-
withholding
9 676
13 989
-
-
total
10 208
14 759
-
-
Income
81 500
81 500
81 500
81 500
Total tax
33 035
39 546
29 257
37 632
After tax
48 465
41 954
52 243
43 868
Living cost
19 214
19 214
19 214
19 214
Free-cash
29 251
22 740
33 029
24 654

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
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.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28699
₴15321
₴15321
₴29799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 374
social contributions
-
-
-
13 455
total
-
-
-
37 829
Employee
38 929
-
81 500
-
income
7 346
-
24 374
-
social contributions
3 234
-
13 455
-
total
10 580
-
37 829
-
Employer
38 929
-
81 500
-
total
-
-
-
-
Corporate
42 571
81 500
-
-
income
5 321
10 188
-
-
total
5 321
10 188
-
-
Dividends
37 250
71 312
-
-
withholding
7 450
14 263
-
-
total
7 450
14 263
-
-
Income
81 500
81 500
81 500
81 500
Total tax
23 351
24 451
37 829
37 829
After tax
58 149
57 049
43 671
43 671
Living cost
28 350
28 350
28 350
28 350
Free-cash
29 799
28 699
15 321
15 321

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32280
₴40258
₴46251
₴34020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
81 500
income
-
-
-
14 166
health

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

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
79 211
-
income
2 477
-
18 598
-
social contributions
2 287
-
2 289
-
total
4 764
-
20 887
-
Employer
22 830
-
79 211
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
56 382
81 500
-
-
income
19 734
28 525
-
-
total
19 734
28 525
-
-
Dividends
36 648
52 975
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
81 500
81 500
81 500
81 500
Total tax
29 414
31 154
23 176
17 183
After tax
52 086
50 346
58 324
64 317
Living cost
18 066
18 066
18 066
18 066
Free-cash
34 020
32 280
40 258
46 251

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35537
₴28625
₴36035
₴38480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 648
pensions
-
-
-
4 351
total
-
-
-
26 999
Employee
25 347
-
71 251
-
pensions
1 935
-
5 397
-
income
4 616
-
17 707
-
health
331
-
1 057
-
total
6 882
-
24 161
-
Employer
25 347
-
71 251
-
health
482
-
1 353
-
pensions
2 561
-
8 895
-
total
3 043
-
10 248
-
Corporate
53 110
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.

10 091
15 485
-
-
total
10 091
15 485
-
-
Dividends
43 019
66 015
-
-
withholding
4 538
12 012
-
-
total
4 538
12 012
-
-
Income
81 500
81 500
81 500
81 500
Total tax
24 554
27 497
34 409
26 999
After tax
56 946
54 003
47 091
54 501
Living cost
18 466
18 466
18 466
18 466
Free-cash
38 480
35 537
28 625
36 035

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5430
₴31976
₴43710
₴4755
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
22 242
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
25 759
Employee
18 925
-
72 931
-
pensions
2 131
-
3 853
-
income
2 596
-
16 720
-
health
2 167
-
8 351
-
total
6 894
-
28 924
-
Employer
18 925
-
72 931
-
pensions
3 077
-
5 564
-
accident
316
-
1 218
-
unemployment
464
-
1 787
-
total
3 857
-
8 569
-
Corporate
58 719
81 500
-
-
income

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

52 847
73 350
-
-
total
52 847
73 350
-
-
Dividends
5 872
8 150
-
-
withholding
1 116
1 549
-
-
total
1 116
1 549
-
-
Income
81 500
81 500
81 500
81 500
Total tax
64 714
74 899
37 493
25 759
After tax
16 786
6 601
44 007
55 741
Living cost
12 031
12 031
12 031
12 031
Free-cash
4 755
-5 430
31 976
43 710

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴61858
₴50486
₴39541
₴59530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 344
unemployment
-
-
-
955
work injury
-
-
-
398
health insurance
-
-
-
5 891
pensions
-
-
-
14 647
total
-
-
-
35 235
Employee

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

10 758
-
81 500
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
13 344
-
total
4 034
-
24 290
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
70 742
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%.

707
815
-
-
total
707
815
-
-
Dividends
70 035
80 685
-
-
withholding
10 505
12 103
-
-
total
10 505
12 103
-
-
Income
81 500
81 500
81 500
81 500
Total tax
15 246
12 918
24 290
35 235
After tax
66 254
68 582
57 210
46 265
Living cost
6 724
6 724
6 724
6 724
Free-cash
59 530
61 858
50 486
39 541

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
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.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23102
₴14944
₴18520
₴20839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 860
municipal
-
-
-
545
national
-
-
-
19 787
total
-
-
-
43 154
Employee
41 937
-
81 500
-
municipal
250
-
486
-
national
7 087
-
17 113
-
regional
633
-
1 649
-
social contributions
14 141
-
27 482
-
total
22 111
-
46 730
-
Employer
41 937
-
81 500
-
total
-
-
-
-
Corporate
39 563
81 500
-
-
municipal
1 907
3 928
-
-
nationa
9 495
19 560
-
-
total
11 402
23 488
-
-
Dividends
28 161
58 012
-
-
withholding
7 322
15 084
-
-
total
7 322
15 084
-
-
Income
81 500
81 500
81 500
81 500
Total tax
40 835
38 572
46 730
43 154
After tax
40 665
42 928
34 770
38 346
Living cost
19 826
19 826
19 826
19 826
Free-cash
20 839
23 102
14 944
18 520

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close