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
₴ 82500
per

Your estimated
City
free-cash

Dresden , Germany
₴32203
₴37860
₴26787
₴28451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
health

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

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

-
-
-
3 344
trade
-
-
-
9 409
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.

-
-
-
25 088
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.

-
-
-
1 380
total
-
-
-
39 221
Employee

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

18 724
-
82 500
-
health

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

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

3 344
-
3 344
-
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.

523
-
25 088
-
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
-
1 380
-
total
3 896
-
29 812
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 776
82 500
-
-
income
9 567
12 375
-
-
chamber of commerce
166
193
-
-
surtax

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

526
681
-
-
trade
10 045
12 994
-
-
total
20 304
26 243
-
-
Dividends
43 473
56 257
-
-
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.

587
764
-
-
withholding
10 682
13 878
-
-
total
11 269
14 642
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 469
40 885
29 812
39 221
After tax
47 031
41 615
52 688
43 279
Living cost
14 828
14 828
14 828
14 828
Free-cash
32 203
26 787
37 860
28 451

Estimated living cost  is ₴14828 per week

₴9327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1729
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.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25804
₴24157
₴26225
₴23510
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
887
municipal
-
-
-
9 001
pensions
-
-
-
9 900
national
-
-
-
13 947
total
-
-
-
33 735
Employee
39 150
-
71 321
-
pensions
1 566
-
2 853
-
municipal
4 836
-
9 320
-
national
7 493
-
14 442
-
total
13 895
-
26 615
-
Employer
39 150
-
71 321
-
pensions
3 132
-
5 706
-
social contributions
421
-
767
-
total
3 553
-
6 473
-
Corporate
37 214
82 500
-
-
income

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

7 443
16 500
-
-
total
7 443
16 500
-
-
Dividends
29 771
66 000
-
-
withholding
6 550
14 520
-
-
total
6 550
14 520
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 441
31 020
33 088
33 735
After tax
51 059
51 480
49 412
48 765
Living cost
25 255
25 255
25 255
25 255
Free-cash
25 804
26 225
24 157
23 510

Estimated living cost  is ₴25255 per week

₴17165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2348
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴378
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5364
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51800
₴23972
₴55816
₴17964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
social contributions

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

-
-
-
18 756
income
-
-
-
14 558
surtax
-
-
-
21 038
microenterprise
-
-
-
-
total
-
-
-
54 352
Employee
14 304
-
61 663
-
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.

1 574
-
6 417
-
income
2 546
-
12 149
-
surtax
-
-
8 941
-
total
4 120
-
27 507
-
Employer
14 304
-
61 663
-
surtax
-
-
6 782
-
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.

3 446
-
14 055
-
total
3 446
-
20 837
-
Corporate
64 750
82 500
-
-
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%.

12 950
16 500
-
-
total
12 950
16 500
-
-
Dividends

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

51 800
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
20 516
16 500
48 344
54 352
After tax
61 984
66 000
34 156
28 148
Living cost
10 184
10 184
10 184
10 184
Free-cash
51 800
55 816
23 972
17 964

Estimated living cost  is ₴10184 per week

₴6497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴2486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17282
₴30630
₴20281
₴25299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
6 037
income
-
-
-
24 921
pensions
-
-
-
5 736
total
-
-
-
36 694
Employee
41 804
41 804
73 402
-
pensions
7 525
5 736
5 736
-
health
6 416
5 458
6 037
-
income

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

6 843
6 843
10 492
-
total
20 784
18 037
22 265
-
Employer
41 804
41 804
73 402
-
pensions
2 910
2 910
3 617
-
health
2 906
2 906
3 611
-
unemployment
1 505
1 505
1 870
-
total
7 321
7 321
9 098
-
Corporate
33 888
33 376
-
-
income
6 778
6 675
-
-
total
6 778
6 675
-
-
Dividends
27 110
26 701
-
-
income
5 762
5 674
-
-
withholding
4 066
4 005
-
-
total
9 828
9 679
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 711
41 712
31 363
36 694
After tax
37 789
40 788
51 137
45 806
Living cost
20 507
20 507
20 507
20 507
Free-cash
17 282
20 281
30 630
25 299

Estimated living cost  is ₴20507 per week

₴14533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24588
₴22229
₴25038
₴22715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
88
health
-
-
-
2 736
municipal
-
-
-
20 814
pensions
-
-
-
4 740
other
-
-
-
5 095
unemployment
-
-
-
44
national
-
-
-
6 261
total
-
-
-
39 778
Employee
28 508
-
68 723
-
municipal
8 501
-
20 493
-
national
-
-
5 993
-
total
8 501
-
26 486
-
Employer
28 508
-
68 723
-
pensions
3 082
-
4 740
-
other
3 313
-
5 095
-
health
1 753
-
2 697
-
unemployment
753
-
1 158
-
accident
57
-
88
-
total
8 958
-
13 778
-
Corporate
45 035
82 500
-
-
income
9 908
18 150
-
-
total
9 908
18 150
-
-
Dividends
35 128
64 350
-
-
withholding
10 538
19 305
-
-
total
10 538
19 305
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 905
37 455
40 264
39 778
After tax
44 595
45 045
42 236
42 722
Living cost
20 007
20 007
20 007
20 007
Free-cash
24 588
25 038
22 229
22 715

Estimated living cost  is ₴20007 per week

₴13260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1963
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.
₴4480
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28838
₴33457
₴21962
₴23629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
health

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

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

-
-
-
3 344
trade
-
-
-
9 828
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.

-
-
-
25 088
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.

-
-
-
1 380
total
-
-
-
39 640
Employee

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

24 825
-
82 500
-
health

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

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

3 344
-
3 344
-
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.

2 133
-
25 088
-
surtax

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

117
-
1 380
-
total
5 594
-
29 812
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 675
82 500
-
-
income
8 652
12 375
-
-
chamber of commerce
156
191
-
-
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.

476
681
-
-
trade
9 488
13 571
-
-
total
18 772
26 818
-
-
Dividends
38 904
55 681
-
-
surtax

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

525
755
-
-
withholding
9 540
13 734
-
-
total
10 065
14 489
-
-
Income
82 500
82 500
82 500
82 500
Total tax
34 431
41 307
29 812
39 640
After tax
48 069
41 193
52 688
42 860
Living cost
19 231
19 231
19 231
19 231
Free-cash
28 838
21 962
33 457
23 629

Estimated living cost  is ₴19231 per week

₴12862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4054
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42288
₴39961
₴44318
₴40698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
7 920
health
-
-
-
2 104
income
-
-
-
15 900
total
-
-
-
25 924
Employee
37 643
37 643
76 864
-
health
374
640
1 307
-
social contributions
1 829
3 124
4 214
-
income
3 953
3 485
15 504
-
total
6 156
7 249
21 025
-
Employer
37 643
37 643
76 864
-
health
408
697
1 422
-
social contributions
1 829
3 124
4 214
-
total
2 237
3 821
5 636
-
Corporate
58 229
41 036
-
-
income
7 279
5 130
-
-
total
7 279
5 130
-
-
Dividends
50 950
35 907
-
-
withholding
8 662
6 104
-
-
total
8 662
6 104
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 334
22 304
26 661
25 924
After tax
58 166
60 196
55 839
56 576
Living cost
15 878
15 878
15 878
15 878
Free-cash
42 288
44 318
39 961
40 698

Estimated living cost  is ₴15878 per week

₴10854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1240
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37496
₴38776
₴37305
₴48102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
5 775
income
-
-
-
10 086
pensions
-
-
-
8 250
unemployment
-
-
-
1 238
total
-
-
-
25 349
Employee

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

The minimum wage is 138,000 HUF per month.

13 062
5 199
69 038
-
unemployment
196
78
1 036
-
pensions
1 306
520
6 904
-
health
914
364
4 833
-
income
1 597
636
8 440
-
total
4 013
1 598
21 213
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 062
5 199
69 038
-
pensions
2 547
1 014
13 462
-
total
2 547
1 014
13 462
-
Corporate
66 891
76 288
-
-
income
6 020
6 866
-
-
total
6 020
6 866
-
-
Dividends
60 871
69 422
-
-
social contributions
11 810
13 478
-
-
withholding
11 565
13 190
-
-
total
23 375
26 668
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 955
36 146
34 675
25 349
After tax
46 545
46 354
47 825
57 151
Living cost
9 049
9 049
9 049
9 049
Free-cash
37 496
37 305
38 776
48 102

Estimated living cost  is ₴9049 per week

₴6175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1953
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51135
₴35728
₴54176
₴32396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
10 725
income
-
-
-
11 055
pensions
-
-
-
16 500
total
-
-
-
38 280
Employee
13 887
-
61 659
-
unemployment
222
-
987
-
pensions
278
-
1 233
-
income
1 563
-
11 888
-
total
2 063
-
14 108
-
Employer
13 887
-
61 659
-
pensions
2 778
-
12 332
-
health
1 805
-
8 015
-
unemployment
111
-
493
-
total
4 694
-
20 840
-
Corporate
63 919
82 500
-
-
income
12 784
16 500
-
-
total
12 784
16 500
-
-
Dividends
51 135
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
19 541
16 500
34 948
38 280
After tax
62 959
66 000
47 552
44 220
Living cost
11 824
11 824
11 824
11 824
Free-cash
51 135
54 176
35 728
32 396

Estimated living cost  is ₴11824 per week

₴8110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5012
₴33761
-₴4204
₴45528
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
125
health
-
-
-
1 079
income
-
-
-
22 639
pensions
-
-
-
2 059
other
-
-
-
183
total
-
-
-
26 085
Employee
17 125
-
73 999
-
pensions
1 928
-
3 775
-
health
1 961
-
8 473
-
income
2 349
-
17 103
-
total
6 238
-
29 351
-
Employer
17 125
-
73 999
-
pensions
2 785
-
5 452
-
unemployment
420
-
1 813
-
accident
286
-
1 236
-
total
3 491
-
8 501
-
Corporate
61 884
82 500
-
-
income

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

55 696
74 250
-
-
total
55 696
74 250
-
-
Dividends
6 188
8 250
-
-
withholding
1 176
1 567
-
-
total
1 176
1 567
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 601
75 817
37 852
26 085
After tax
15 899
6 683
44 648
56 415
Living cost
10 887
10 887
10 887
10 887
Free-cash
5 012
-4 204
33 761
45 528

Estimated living cost  is ₴10887 per week

₴7979
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2078
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73569
₴61953
₴74328
₴77628
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
82 500
microenterprise

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

-
-
-
825
total
-
-
-
825
Employee
5 058
-
82 500
-
income
1 012
-
16 500
-
total
1 012
-
16 500
-
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%.

77 442
82 500
-
-
total
-
-
-
-
Dividends
77 442
82 500
-
-
withholding
3 872
4 125
-
-
total
3 872
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
4 884
4 125
16 500
825
After tax
77 616
78 375
66 000
81 675
Living cost
4 047
4 047
4 047
4 047
Free-cash
73 569
74 328
61 953
77 628

Estimated living cost  is ₴4047 per week

₴2508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44264
₴33804
₴47569
₴32394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
3 276
income
-
-
-
12 384
pensions

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

-
-
-
17 866
other
-
-
-
3 536
total
-
-
-
37 062
Employee
17 774
-
65 895
-
unemployment
177
-
659
-
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.

1 244
-
4 612
-
health
249
-
922
-
income
3 060
-
12 854
-
total
4 730
-
19 047
-
Employer
17 774
-
65 895
-
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.

3 022
-
11 203
-
other
889
-
3 294
-
health
249
-
922
-
unemployment
177
-
659
-
accident
142
-
527
-
total
4 479
-
16 605
-
Corporate
60 246
82 500
-
-
income
12 652
17 325
-
-
total
12 652
17 325
-
-
Dividends
47 594
65 175
-
-
withholding
3 331
4 562
-
-
total
3 331
4 562
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 192
21 887
35 652
37 062
After tax
57 308
60 613
46 848
45 438
Living cost
13 044
13 044
13 044
13 044
Free-cash
44 264
47 569
33 804
32 394

Estimated living cost  is ₴13044 per week

₴9216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2737
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23204
₴15342
₴22175
₴22818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
23 381
pensions
-
-
-
4 272
total
-
-
-
27 653
Employee
45 316
-
72 085
-
pensions
4 372
-
5 267
-
health
747
-
1 053
-
income
8 169
-
18 395
-
total
13 288
-
24 715
-
Employer
45 316
-
72 085
-
pensions
5 351
-
9 044
-
health
861
-
1 370
-
total
6 212
-
10 414
-
Corporate
30 973
82 500
-
-
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.

5 885
15 675
-
-
total
5 885
15 675
-
-
Dividends
25 087
66 825
-
-
withholding
1 882
12 621
-
-
total
1 882
12 621
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 267
28 296
35 129
27 653
After tax
55 233
54 204
47 371
54 847
Living cost
32 029
32 029
32 029
32 029
Free-cash
23 204
22 175
15 342
22 818

Estimated living cost  is ₴32029 per week

₴24000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3763
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.
₴4006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61844
₴62336
₴64120
₴59142
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
1 966
income
-
-
-
12 375
pensions

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

-
-
-
2 531
unemployment
-
-
-
68
total
-
-
-
16 940
Employee
8 499
-
79 145
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
pensions

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

746
-
1 501
-
health
391
-
787
-
income
850
-
7 915
-
total
2 081
-
10 391
-
Employer
8 499
-
79 145
-
pensions

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

937
-
1 884
-
health
587
-
1 180
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
188
-
total
1 669
-
3 355
-
Corporate
72 334
82 500
-
-
income
7 233
8 250
-
-
total
7 233
8 250
-
-
Dividends
65 100
74 250
-
-
withholding
3 255
3 712
-
-
total
3 255
3 712
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 238
11 962
13 746
16 940
After tax
68 262
70 538
68 754
65 560
Living cost
6 418
6 418
6 418
6 418
Free-cash
61 844
64 120
62 336
59 142

Estimated living cost  is ₴6418 per week

₴3747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴458
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14875
₴23992
₴13643
₴18661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
6 037
income
-
-
-
24 921
pensions
-
-
-
5 736
total
-
-
-
36 694
Employee
45 386
41 804
73 402
-
pensions
5 736
5 736
5 736
-
health
5 662
5 458
6 037
-
income

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

6 843
6 843
10 492
-
total
18 241
18 037
22 265
-
Employer
45 386
41 804
73 402
-
pensions
3 159
2 910
3 617
-
health
3 154
2 906
3 611
-
unemployment
1 634
1 505
1 870
-
total
7 947
7 321
9 098
-
Corporate
29 168
33 376
-
-
income
5 833
6 675
-
-
total
5 833
6 675
-
-
Dividends
23 335
26 701
-
-
income
4 959
5 674
-
-
withholding
3 500
4 005
-
-
total
8 459
9 679
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 480
41 712
31 363
36 694
After tax
42 020
40 788
51 137
45 806
Living cost
27 145
27 145
27 145
27 145
Free-cash
14 875
13 643
23 992
18 661

Estimated living cost  is ₴27145 per week

₴20024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4386
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40326
₴30111
₴44659
₴33664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
17 472
health
-
-
-
11 138
income
-
-
-
8 084
solidarity contribution
-
-
-
-
total
-
-
-
36 694
Employee
17 856
-
61 965
-
solidarity contribution
-
-
-
-
health
2 411
-
8 365
-
social contributions
1 161
-
3 889
-
income
2 143
-
7 457
-
total
5 715
-
19 711
-
Employer
17 856
-
61 965
-
health
1 607
-
5 577
-
social contributions
4 464
-
14 959
-
total
6 071
-
20 536
-
Corporate
58 573
82 500
-
-
income
11 129
15 675
-
-
total
11 129
15 675
-
-
Dividends
47 444
66 825
-
-
withholding
7 117
10 024
-
-
total
7 117
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 032
25 699
40 247
36 694
After tax
52 468
56 801
42 253
45 806
Living cost
12 142
12 142
12 142
12 142
Free-cash
40 326
44 659
30 111
33 664

Estimated living cost  is ₴12142 per week

₴8434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴20804
₴15262
₴23360
₴18989
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
21 219
municipal
-
-
-
491
regional
-
-
-
970
national
-
-
-
20 174
total
-
-
-
42 854
Employee
43 507
-
82 500
-
regional
411
-
856
-
municipal
230
-
438
-
national
7 539
-
17 468
-
social contributions
14 670
-
27 819
-
total
22 850
-
46 581
-
Employer
43 507
-
82 500
-
total
-
-
-
-
Corporate
38 993
82 500
-
-
municipal
1 521
3 217
-
-
nationa
9 359
19 800
-
-
total
10 880
23 017
-
-
Dividends
28 114
59 483
-
-
withholding
7 309
15 466
-
-
total
7 309
15 466
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 039
38 483
46 581
42 854
After tax
41 461
44 017
35 919
39 646
Living cost
20 657
20 657
20 657
20 657
Free-cash
20 804
23 360
15 262
18 989

Estimated living cost  is ₴20657 per week

₴14399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39567
₴25261
₴41090
₴28288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
4 638
income
-
-
-
22 233
surtax
-
-
-
3 361
pensions
-
-
-
13 067
other
-
-
-
-
unemployment
-
-
-
111
total
-
-
-
43 410
Employee
16 189
-
68 747
-
unemployment
1 127
-
4 547
-
pensions
1 079
-
4 358
-
health
413
-
1 666
-
income
2 714
-
19 305
-
other
-
-
-
-
surtax
53
-
2 808
-
total
5 386
-
32 684
-
Employer
16 189
-
68 747
-
pensions
2 158
-
8 709
-
other
-
-
-
-
health
737
-
2 973
-
unemployment
513
-
2 071
-
total
3 408
-
13 753
-
Corporate
62 904
82 500
-
-
income
16 355
21 450
-
-
total
16 355
21 450
-
-
Dividends
46 549
61 050
-
-
withholding
6 982
9 158
-
-
total
6 982
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 131
30 608
46 437
43 410
After tax
50 369
51 892
36 063
39 090
Living cost
10 802
10 802
10 802
10 802
Free-cash
39 567
41 090
25 261
28 288

Estimated living cost  is ₴10802 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴997
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.
₴2951
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35485
₴25490
₴32323
₴32966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
23 381
pensions
-
-
-
4 272
total
-
-
-
27 653
Employee
30 370
-
72 085
-
pensions
2 578
-
5 267
-
health
441
-
1 053
-
income
5 470
-
18 395
-
total
8 489
-
24 715
-
Employer
30 370
-
72 085
-
pensions
3 288
-
9 044
-
health
577
-
1 370
-
total
3 865
-
10 414
-
Corporate
48 266
82 500
-
-
income

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

9 171
15 675
-
-
total
9 171
15 675
-
-
Dividends
39 095
66 825
-
-
withholding
3 609
12 621
-
-
total
3 609
12 621
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 134
28 296
35 129
27 653
After tax
57 366
54 204
47 371
54 847
Living cost
21 881
21 881
21 881
21 881
Free-cash
35 485
32 323
25 490
32 966

Estimated living cost  is ₴21881 per week

₴16393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
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.
₴3619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15502
₴24362
-₴1114
₴28348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
186
pensions
-
-
-
7 590
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.

-
-
-
1 650
regional
-
-
-
3 879
city
-
-
-
870
national
-
-
-
1 138
total
-
-
-
15 313
Employee
45 451
-
73 842
-
unemployment
-
-
-
-
pensions
3 819
-
6 203
-
regional
1 488
-
3 364
-
national
215
-
925
-
health
103
-
167
-
city
488
-
793
-
total
6 113
-
11 452
-
Employer
45 451
-
73 842
-
pensions
3 819
-
6 203
-
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.

909
-
1 477
-
health
103
-
167
-
unemployment
-
-
-
-
total
4 831
-
7 847
-
Corporate
31 719
82 500
-
-
regional
6 708
17 449
-
-
national
2 696
7 013
-
-
total
9 404
24 462
-
-
Dividends
22 315
58 039
-
-
withholding
7 811
20 313
-
-
total
7 811
20 313
-
-
Income
82 500
82 500
82 500
82 500
Total tax
28 159
44 775
19 299
15 313
After tax
54 341
37 725
63 201
67 187
Living cost
38 839
38 839
38 839
38 839
Free-cash
15 502
-1 114
24 362
28 348

Estimated living cost  is ₴38839 per week

₴25256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴477
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26280
₴30262
₴18342
₴20016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
health

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

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

-
-
-
3 344
trade
-
-
-
10 246
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.

-
-
-
25 088
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.

-
-
-
1 380
total
-
-
-
40 058
Employee

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

29 420
-
82 500
-
health

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

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

3 344
-
3 344
-
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.

3 460
-
25 088
-
surtax

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

190
-
1 380
-
total
6 994
-
29 812
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
53 080
82 500
-
-
income
7 962
12 375
-
-
chamber of commerce
149
190
-
-
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.

438
681
-
-
trade
9 103
14 148
-
-
total
17 652
27 394
-
-
Dividends
35 428
55 105
-
-
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.

477
748
-
-
withholding
8 671
13 590
-
-
total
9 148
14 338
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 794
41 732
29 812
40 058
After tax
48 706
40 768
52 688
42 442
Living cost
22 426
22 426
22 426
22 426
Free-cash
26 280
18 342
30 262
20 016

Estimated living cost  is ₴22426 per week

₴16379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1794
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.
₴3962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27724
₴28999
₴24830
₴29805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
2 350
health
-
-
-
3 372
income
-
-
-
12 602
surtax
-
-
-
-
pensions
-
-
-
15 065
other
-
-
-
2 557
total
-
-
-
35 946
Employee
20 951
-
64 136
-
pensions
2 369
-
4 341
-
social contributions
597
-
1 827
-
income
1 236
-
12 220
-
surtax
-
-
-
-
total
4 202
-
18 388
-
Employer
20 951
-
64 136
-
pensions
3 442
-
7 330
-
other
723
-
2 451
-
health
1 467
-
5 794
-
unemployment
848
-
2 597
-
social contributions
63
-
192
-
total
6 543
-
18 364
-
Corporate
55 006
82 500
-
-
income
15 402
23 100
-
-
surtax
-
-
-
-
total
15 402
23 100
-
-
Dividends
39 604
59 400
-
-
surtax
-
-
-
-
social contributions
6 811
10 218
-
-
withholding
5 069
7 603
-
-
total
11 880
17 821
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 027
40 921
36 752
35 946
After tax
44 473
41 579
45 748
46 554
Living cost
16 749
16 749
16 749
16 749
Free-cash
27 724
24 830
28 999
29 805

Estimated living cost  is ₴16749 per week

₴10561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29210
₴30659
₴26490
₴31465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
2 350
health
-
-
-
3 372
income
-
-
-
12 602
surtax
-
-
-
-
pensions
-
-
-
15 065
other
-
-
-
2 557
total
-
-
-
35 946
Employee
18 702
-
64 136
-
pensions
2 115
-
4 341
-
social contributions
533
-
1 827
-
income
964
-
12 220
-
surtax
-
-
-
-
total
3 612
-
18 388
-
Employer
18 702
-
64 136
-
pensions
3 073
-
7 330
-
other
646
-
2 451
-
health
1 309
-
5 794
-
unemployment
757
-
2 597
-
social contributions
56
-
192
-
total
5 841
-
18 364
-
Corporate
57 958
82 500
-
-
income
16 228
23 100
-
-
surtax
-
-
-
-
total
16 228
23 100
-
-
Dividends
41 729
59 400
-
-
surtax
-
-
-
-
social contributions
7 178
10 218
-
-
withholding
5 342
7 603
-
-
total
12 520
17 821
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 201
40 921
36 752
35 946
After tax
44 299
41 579
45 748
46 554
Living cost
15 089
15 089
15 089
15 089
Free-cash
29 210
26 490
30 659
31 465

Estimated living cost  is ₴15089 per week

₴8751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1533
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.
₴4519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40207
₴41009
₴39952
₴42601
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
11 385
health
-
-
-
5 759
income
-
-
-
12 375
total
-
-
-
29 519
Employee
16 598
-
82 500
-
health
1 158
-
5 759
-
social contributions
2 291
-
11 385
-
income
2 768
-
13 967
-
total
6 217
-
31 111
-
Employer
16 598
-
82 500
-
total
-
-
-
-
Corporate
65 902
82 500
-
-
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%.

3 295
4 125
-
-
total
3 295
4 125
-
-
Dividends
62 607
78 375
-
-
health
4 370
5 471
-
-
social contributions
8 640
10 816
-
-
withholding
9 391
11 756
-
-
total
22 401
28 043
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 913
32 168
31 111
29 519
After tax
50 587
50 332
51 389
52 981
Living cost
10 380
10 380
10 380
10 380
Free-cash
40 207
39 952
41 009
42 601

Estimated living cost  is ₴10380 per week

₴6947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27677
₴4626
₴28434
₴25083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
4 375
surtax
-
-
-
97
income
-
-
-
21 784
chamber of commerce
-
-
-
330
pensions
-
-
-
10 580
unemployment
-
-
-
3 002
total
-
-
-
40 168
Employee
24 465
19 509
65 350
-
unemployment
734
585
1 716
-
pensions
2 505
1 997
5 856
-
health
947
755
2 213
-
income
2 785
1 439
17 245
-
other
244
195
572
-
total
7 215
4 971
27 602
-
Employer
24 465
19 509
65 350
-
chamber of commerce
98
78
261
-
pensions
3 070
2 449
7 177
-
other
1 162
926
3 034
-
health
924
738
2 162
-
unemployment
734
585
1 716
-
accident
318
254
743
-
surtax
97
97
97
-
payroll
734
585
1 960
-
total
7 137
5 712
17 150
-
Corporate
50 899
57 280
63 492
-
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.

12 725
14 320
15 873
-
total
12 725
14 320
15 873
-
Dividends
38 174
42 960
-
-
withholding
10 497
11 814
-
-
total
10 497
11 814
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 574
36 817
60 625
40 168
After tax
44 926
45 683
21 875
42 332
Living cost
17 249
17 249
17 249
17 249
Free-cash
27 677
28 434
4 626
25 083

Estimated living cost  is ₴17249 per week

₴11504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20957
₴11403
₴28298
₴17893
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
12 205
communal

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

-
-
-
4 218
national
-
-
-
30 335
total
-
-
-
46 758
Employee

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

35 017
-
63 900
-
unemployment

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

305
-
556
-
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.

2 626
-
4 793
-
national
10 765
-
22 962
-
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.

1 645
-
3 003
-
communal

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

1 826
-
3 333
-
total
17 167
-
34 647
-
Employer

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

35 017
-
63 900
-
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.

3 103
-
5 661
-
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.

2 153
-
3 930
-
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.

511
-
933
-
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.

455
-
831
-
surtax
3 970
-
7 246
-
total
10 192
-
18 601
-
Corporate
37 291
82 500
-
-
income
7 458
16 500
-
-
surtax
150
330
-
-
total
7 608
16 830
-
-
Dividends
29 683
65 671
-
-
withholding

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

8 727
19 523
-
-
total
8 727
19 523
-
-
Income
82 500
82 500
82 500
82 500
Total tax
43 694
36 353
53 248
46 758
After tax
38 806
46 147
29 252
35 742
Living cost
17 849
17 849
17 849
17 849
Free-cash
20 957
28 298
11 403
17 893

Estimated living cost  is ₴17849 per week

₴11497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33933
₴26609
₴37357
₴28661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
409
income
-
-
-
22 547
pensions
-
-
-
12 840
other
-
-
-
46
unemployment
-
-
-
318
total
-
-
-
36 160
Employee
24 368
-
68 035
-
unemployment
378
-
703
-
pensions
1 145
-
2 133
-
income
5 141
-
20 866
-
other
24
-
46
-
total
6 688
-
23 748
-
Employer
24 368
-
68 035
-
pensions
5 750
-
10 708
-
other
194
-
363
-
unemployment
1 341
-
2 495
-
accident
482
-
898
-
total
7 767
-
14 464
-
Corporate
50 365
82 500
-
-
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.

7 554
12 375
-
-
total
7 554
12 375
-
-
Dividends
42 811
70 125
-
-
withholding
8 879
15 089
-
-
total
8 879
15 089
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 888
27 464
38 212
36 160
After tax
51 612
55 036
44 288
46 340
Living cost
17 679
17 679
17 679
17 679
Free-cash
33 933
37 357
26 609
28 661

Estimated living cost  is ₴17679 per week

₴13019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
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.
₴3151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴15807
₴17894
₴21895
₴14602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
696
health
-
-
-
5 797
income
-
-
-
13 132
surtax
-
-
-
4 090
pensions
-
-
-
12 366
communal
-
-
-
5 214
total
-
-
-
41 295
Employee
37 072
-
73 694
-
pensions
2 965
-
5 895
-
health
1 650
-
3 279
-
income
3 581
-
15 507
-
surtax
2 272
-
4 517
-
total
10 468
-
29 198
-
Employer
37 072
-
73 694
-
pensions
2 965
-
5 895
-
health
1 131
-
2 247
-
accident
334
-
663
-
total
4 430
-
8 805
-
Corporate
40 999
82 500
-
-
income
6 150
12 375
-
-
communal
2 767
5 568
-
-
surtax
430
866
-
-
total
9 347
18 809
-
-
Dividends
31 651
63 691
-
-
income
11 097
5 639
-
-
withholding
4 748
9 554
-
-
total
15 845
15 193
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 090
34 002
38 003
41 295
After tax
42 410
48 498
44 497
41 205
Living cost
26 603
26 603
26 603
26 603
Free-cash
15 807
21 895
17 894
14 602

Estimated living cost  is ₴26603 per week

₴19956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
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.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴39340
₴25068
₴40897
₴28095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
4 638
income
-
-
-
22 233
surtax
-
-
-
3 361
pensions
-
-
-
13 067
other
-
-
-
-
unemployment
-
-
-
111
total
-
-
-
43 410
Employee
16 486
-
68 747
-
unemployment
1 147
-
4 547
-
pensions
1 100
-
4 358
-
health
421
-
1 666
-
income
2 764
-
19 305
-
other
-
-
-
-
surtax
59
-
2 808
-
total
5 491
-
32 684
-
Employer
16 486
-
68 747
-
pensions
2 198
-
8 709
-
other
-
-
-
-
health
750
-
2 973
-
unemployment
523
-
2 071
-
total
3 471
-
13 753
-
Corporate
62 544
82 500
-
-
income
16 261
21 450
-
-
total
16 261
21 450
-
-
Dividends
46 283
61 050
-
-
withholding
6 942
9 158
-
-
total
6 942
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 165
30 608
46 437
43 410
After tax
50 335
51 892
36 063
39 090
Living cost
10 995
10 995
10 995
10 995
Free-cash
39 340
40 897
25 068
28 095

Estimated living cost  is ₴10995 per week

₴6638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
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.
₴3146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29089
₴22478
₴30176
₴26185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
21 219
municipal
-
-
-
491
regional
-
-
-
1 244
national
-
-
-
20 174
total
-
-
-
43 128
Employee
27 155
-
82 500
-
regional
366
-
1 110
-
municipal
144
-
438
-
national
4 302
-
17 468
-
social contributions
9 157
-
27 819
-
total
13 969
-
46 835
-
Employer
27 155
-
82 500
-
total
-
-
-
-
Corporate
55 345
82 500
-
-
municipal
2 751
4 101
-
-
nationa
13 283
19 800
-
-
total
16 034
23 901
-
-
Dividends
39 312
58 599
-
-
withholding
10 221
15 236
-
-
total
10 221
15 236
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 224
39 137
46 835
43 128
After tax
42 276
43 363
35 665
39 372
Living cost
13 187
13 187
13 187
13 187
Free-cash
29 089
30 176
22 478
26 185

Estimated living cost  is ₴13187 per week

₴8201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36503
₴27291
₴41839
₴30844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
17 472
health
-
-
-
11 138
income
-
-
-
8 084
solidarity contribution
-
-
-
-
total
-
-
-
36 694
Employee
22 003
-
61 965
-
solidarity contribution
-
-
-
-
health
2 970
-
8 365
-
social contributions
1 430
-
3 889
-
income
2 640
-
7 457
-
total
7 040
-
19 711
-
Employer
22 003
-
61 965
-
health
1 980
-
5 577
-
social contributions
5 501
-
14 959
-
total
7 481
-
20 536
-
Corporate
53 016
82 500
-
-
income
10 073
15 675
-
-
total
10 073
15 675
-
-
Dividends
42 943
66 825
-
-
withholding
6 441
10 024
-
-
total
6 441
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 035
25 699
40 247
36 694
After tax
51 465
56 801
42 253
45 806
Living cost
14 962
14 962
14 962
14 962
Free-cash
36 503
41 839
27 291
30 844

Estimated living cost  is ₴14962 per week

₴11127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29875
₴6286
₴30118
₴26811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
4 375
surtax
-
-
-
-
income
-
-
-
21 784
chamber of commerce
-
-
-
330
pensions
-
-
-
10 580
unemployment
-
-
-
3 002
total
-
-
-
40 071
Employee
21 399
19 509
65 439
-
unemployment
642
585
1 716
-
pensions
2 191
1 997
5 856
-
health
828
755
2 213
-
income
1 906
1 439
17 282
-
other
214
195
572
-
total
5 781
4 971
27 639
-
Employer
21 399
19 509
65 439
-
chamber of commerce
85
78
262
-
pensions
2 686
2 449
7 177
-
other
1 016
926
3 038
-
health
809
738
2 162
-
unemployment
642
585
1 716
-
accident
278
254
743
-
surtax
-
-
-
-
payroll
642
585
1 963
-
total
6 158
5 615
17 061
-
Corporate
54 943
57 377
63 581
-
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.

13 736
14 344
15 896
-
total
13 736
14 344
15 896
-
Dividends
41 207
43 032
-
-
withholding
11 332
11 834
-
-
total
11 332
11 834
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 007
36 764
60 596
40 071
After tax
45 493
45 736
21 904
42 429
Living cost
15 618
15 618
15 618
15 618
Free-cash
29 875
30 118
6 286
26 811

Estimated living cost  is ₴15618 per week

₴9369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1595
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.
₴4375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70886
₴59694
₴72069
₴75369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
82 500
microenterprise

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

-
-
-
825
total
-
-
-
825
Employee
7 883
-
82 500
-
income
1 577
-
16 500
-
total
1 577
-
16 500
-
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%.

74 617
82 500
-
-
total
-
-
-
-
Dividends
74 617
82 500
-
-
withholding
3 731
4 125
-
-
total
3 731
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
5 308
4 125
16 500
825
After tax
77 192
78 375
66 000
81 675
Living cost
6 306
6 306
6 306
6 306
Free-cash
70 886
72 069
59 694
75 369

Estimated living cost  is ₴6306 per week

₴4267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39576
₴25167
₴43671
₴27354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
health
-
-
-
8 117
income
-
-
-
18 709
pensions
-
-
-
15 066
unemployment
-
-
-
124
total
-
-
-
42 016
Employee

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

21 647
-
71 385
-
unemployment
31
-
100
-
pensions
3 355
-
11 065
-
health
1 398
-
4 611
-
income
3 733
-
17 311
-
total
8 517
-
33 087
-
Employer

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

21 647
-
71 385
-
pensions
1 916
-
6 318
-
health
1 442
-
4 755
-
unemployment
13
-
43
-
total
3 371
-
11 116
-
Corporate
57 482
82 500
-
-
income
10 922
15 675
-
-
total
10 922
15 675
-
-
Dividends
46 560
66 825
-
-
withholding
6 984
10 024
-
-
total
6 984
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 794
25 699
44 203
42 016
After tax
52 706
56 801
38 297
40 484
Living cost
13 130
13 130
13 130
13 130
Free-cash
39 576
43 671
25 167
27 354

Estimated living cost  is ₴13130 per week

₴9011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴842
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.
₴3024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5730
₴54903
₴29044
₴35865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
9 405
income
-
-
-
16 081
total
-
-
-
25 486
Employee
30 324
-
-
-
social contributions
2 487
-
354
-
income
6 689
-
-
-
total
9 176
-
354
-
Employer
30 324
-
-
-
social contributions
42 757
-
6 094
-
total
42 757
-
6 094
-
Corporate
9 418
82 500
-
-
income
2 072
18 150
-
-
total
2 072
18 150
-
-
Dividends
7 346
64 350
-
-
income
1 616
14 157
-
-
total
1 616
14 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
55 621
32 307
6 448
25 486
After tax
26 879
50 193
76 052
57 014
Living cost
21 149
21 149
21 149
21 149
Free-cash
5 730
29 044
54 903
35 865

Estimated living cost  is ₴21149 per week

₴13722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1989
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.
₴5168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31078
₴22812
₴31571
₴28985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
social contributions

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

-
-
-
28 668
income
-
-
-
9 492
surtax
-
-
-
-
total
-
-
-
38 160
Employee
22 515
-
66 666
-
social contributions
2 477
-
7 333
-
income
4 683
-
21 166
-
surtax
-
-
-
-
total
7 160
-
28 499
-
Employer
22 515
-
66 666
-
social contributions
5 347
-
15 834
-
total
5 347
-
15 834
-
Corporate
54 638
82 500
-
-
income
11 474
17 325
-
-
surtax
-
-
-
-
total
11 474
17 325
-
-
Dividends
43 164
65 175
-
-
withholding
12 086
18 249
-
-
total
12 086
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 067
35 574
44 333
38 160
After tax
46 433
46 926
38 167
44 340
Living cost
15 355
15 355
15 355
15 355
Free-cash
31 078
31 571
22 812
28 985

Estimated living cost  is ₴15355 per week

₴11489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21300
₴22104
₴17935
₴22910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
2 350
health
-
-
-
3 372
income
-
-
-
12 602
surtax
-
-
-
-
pensions
-
-
-
15 065
other
-
-
-
2 557
total
-
-
-
35 946
Employee
30 660
-
64 136
-
pensions
3 468
-
4 341
-
social contributions
873
-
1 827
-
income
2 675
-
12 220
-
surtax
-
-
-
-
total
7 016
-
18 388
-
Employer
30 660
-
64 136
-
pensions
5 038
-
7 330
-
other
1 058
-
2 451
-
health
2 146
-
5 794
-
unemployment
1 242
-
2 597
-
social contributions
92
-
192
-
total
9 576
-
18 364
-
Corporate
42 264
82 500
-
-
income
11 834
23 100
-
-
surtax
-
-
-
-
total
11 834
23 100
-
-
Dividends
30 429
59 400
-
-
surtax
-
-
-
-
social contributions
5 235
10 218
-
-
withholding
3 895
7 603
-
-
total
9 130
17 821
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 556
40 921
36 752
35 946
After tax
44 944
41 579
45 748
46 554
Living cost
23 644
23 644
23 644
23 644
Free-cash
21 300
17 935
22 104
22 910

Estimated living cost  is ₴23644 per week

₴16002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5383
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57890
₴48364
₴59535
₴46173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
18 150
income
-
-
-
3 462
total
-
-
-
21 612
Employee
15 738
-
71 428
-
social contributions
1 023
-
4 643
-
income
-
-
3 706
-
total
1 023
-
8 349
-
Employer
15 738
-
71 428
-
social contributions
2 440
-
11 072
-
total
2 440
-
11 072
-
Corporate
64 323
82 500
-
-
income
6 432
8 250
-
-
total
6 432
8 250
-
-
Dividends
57 890
74 250
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
9 895
8 250
19 421
21 612
After tax
72 605
74 250
63 079
60 888
Living cost
14 715
14 715
14 715
14 715
Free-cash
57 890
59 535
48 364
46 173

Estimated living cost  is ₴14715 per week

₴9515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1109
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.
₴3814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴24094
-₴24094
-₴24094
₴25307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
municipal
-
-
-
17 076
pensions
-
-
-
424
labour market
-
-
-
6 566
national
-
-
-
9 565
total
-
-
-
33 631
Employee
99 448
99 448
99 448
-
pensions
141
141
141
-
municipal
21 177
21 177
21 177
-
national
12 149
12 149
12 149
-
labour market
7 944
7 944
7 944
-
total
41 411
41 411
41 411
-
Employer
99 448
99 448
99 448
-
municipal
21 211
21 211
21 211
-
pensions
283
283
283
-
national
12 171
12 171
12 171
-
labour market
7 956
7 956
7 956
-
total
41 621
41 621
41 621
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
83 032
83 032
83 032
33 631
After tax
-532
-532
-532
48 869
Living cost
23 562
23 562
23 562
23 562
Free-cash
-24 094
-24 094
-24 094
25 307

Estimated living cost  is ₴23562 per week

₴16126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2084
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴362
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5038
₴33922
-₴4043
₴45689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
125
health
-
-
-
1 079
income
-
-
-
22 639
pensions
-
-
-
2 059
other
-
-
-
183
total
-
-
-
26 085
Employee
16 873
-
73 999
-
pensions
1 900
-
3 775
-
health
1 932
-
8 473
-
income
2 315
-
17 103
-
total
6 147
-
29 351
-
Employer
16 873
-
73 999
-
pensions
2 743
-
5 452
-
unemployment
413
-
1 813
-
accident
282
-
1 236
-
total
3 438
-
8 501
-
Corporate
62 188
82 500
-
-
income

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

55 970
74 250
-
-
total
55 970
74 250
-
-
Dividends
6 219
8 250
-
-
withholding
1 181
1 567
-
-
total
1 181
1 567
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 736
75 817
37 852
26 085
After tax
15 764
6 683
44 648
56 415
Living cost
10 726
10 726
10 726
10 726
Free-cash
5 038
-4 043
33 922
45 689

Estimated living cost  is ₴10726 per week

₴7807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34276
₴24721
₴33134
₴34960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
82 500
health
-
-
-
1 066
municipal
-
-
-
14 658
national
-
-
-
13 022
total
-
-
-
28 746
Employee
25 755
-
69 403
-
unemployment
386
-
1 041
-
pensions
1 738
-
4 685
-
municipal
4 219
-
11 307
-
national
425
-
7 991
-
health
192
-
865
-
total
6 960
-
25 889
-
Employer
25 755
-
69 403
-
pensions
4 468
-
12 041
-
health
198
-
534
-
unemployment
167
-
451
-
accident
26
-
70
-
total
4 859
-
13 096
-
Corporate
51 885
82 500
-
-
income
10 377
16 500
-
-
total
10 377
16 500
-
-
Dividends

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

31 131
49 500
-
-
national
1 630
5 162
-
-
municipal
5 604
8 910
-
-
total
7 234
14 072
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 430
30 572
38 985
28 746
After tax
53 070
51 928
43 515
53 754
Living cost
18 794
18 794
18 794
18 794
Free-cash
34 276
33 134
24 721
34 960

Estimated living cost  is ₴18794 per week

₴12276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1808
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.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46198
₴44505
₴48862
₴45242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
7 920
health
-
-
-
2 104
income
-
-
-
15 900
total
-
-
-
25 924
Employee
37 643
37 643
76 864
-
health
292
640
1 307
-
social contributions
1 423
3 124
4 214
-
income
4 099
3 485
15 504
-
total
5 814
7 249
21 025
-
Employer
37 643
37 643
76 864
-
health
317
697
1 422
-
social contributions
1 423
3 124
4 214
-
total
1 740
3 821
5 636
-
Corporate
63 612
41 036
-
-
income
7 951
5 130
-
-
total
7 951
5 130
-
-
Dividends
55 661
35 907
-
-
withholding
9 463
6 104
-
-
total
9 463
6 104
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 968
22 304
26 661
25 924
After tax
57 532
60 196
55 839
56 576
Living cost
11 334
11 334
11 334
11 334
Free-cash
46 198
48 862
44 505
45 242

Estimated living cost  is ₴11334 per week

₴6793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58055
₴51647
₴60547
₴61465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
82 500
health
-
-
-
1 772
income
-
-
-
8 363
pensions
-
-
-
3 114
unemployment
-
-
-
14
total
-
-
-
13 263
Employee

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

11 236
-
77 716
-
unemployment
56
-
232
-
pensions
1 685
-
6 967
-
health
955
-
3 948
-
income
768
-
7 150
-
total
3 464
-
18 297
-
Employer

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

11 236
-
77 716
-
pensions
618
-
2 555
-
health
483
-
1 997
-
unemployment
56
-
232
-
total
1 157
-
4 784
-
Corporate
70 107
82 500
-
-
income
6 310
7 425
-
-
total
6 310
7 425
-
-
Dividends
63 797
75 075
-
-
withholding
5 742
6 756
-
-
total
5 742
6 756
-
-
Income
82 500
82 500
82 500
82 500
Total tax
16 673
14 181
23 081
13 263
After tax
65 827
68 319
59 419
69 237
Living cost
7 772
7 772
7 772
7 772
Free-cash
58 055
60 547
51 647
61 465

Estimated living cost  is ₴7772 per week

₴4959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39411
₴30826
₴41574
₴32878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
409
income
-
-
-
22 547
pensions
-
-
-
12 840
other
-
-
-
46
unemployment
-
-
-
318
total
-
-
-
36 160
Employee
18 101
-
68 035
-
unemployment
281
-
703
-
pensions
851
-
2 133
-
income
3 490
-
20 866
-
other
18
-
46
-
total
4 640
-
23 748
-
Employer
18 101
-
68 035
-
pensions
4 271
-
10 708
-
other
145
-
363
-
unemployment
996
-
2 495
-
accident
359
-
898
-
total
5 771
-
14 464
-
Corporate
58 628
82 500
-
-
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.

8 795
12 375
-
-
total
8 795
12 375
-
-
Dividends
49 834
70 125
-
-
withholding
10 421
15 089
-
-
total
10 421
15 089
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 627
27 464
38 212
36 160
After tax
52 873
55 036
44 288
46 340
Living cost
13 462
13 462
13 462
13 462
Free-cash
39 411
41 574
30 826
32 878

Estimated living cost  is ₴13462 per week

₴9086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1294
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50359
₴52029
₴50517
₴52097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
509
income
-
-
-
28 229
pensions
-
-
-
702
total
-
-
-
29 440
Employee
1 466
-
81 710
-
unemployment
15
-
35
-
pensions
132
-
316
-
health
73
-
176
-
income
284
-
28 192
-
total
504
-
28 719
-
Employer
1 466
-
81 710
-
pensions
161
-
386
-
health
139
-
333
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
80 704
82 500
-
-
income
17 755
18 150
-
-
total
17 755
18 150
-
-
Dividends
62 949
64 350
-
-
withholding
12 590
12 870
-
-
total
12 590
12 870
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 178
31 020
29 508
29 440
After tax
51 322
51 480
52 992
53 060
Living cost
963
963
963
963
Free-cash
50 359
50 517
52 029
52 097

Estimated living cost  is ₴963 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴48736
₴41785
₴51143
₴41785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
health
-
-
-
3 725
income
-
-
-
18 581
pensions
-
-
-
9 403
unemployment
-
-
-
543
total
-
-
-
32 252
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.

12 762
-
76 026
-
unemployment
96
-
271
-
pensions
1 787
-
5 063
-
health
657
-
1 863
-
income
1 759
-
18 581
-
total
4 299
-
25 778
-
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.

12 762
-
76 026
-
pensions
1 531
-
4 340
-
health
657
-
1 863
-
unemployment
96
-
271
-
total
2 284
-
6 474
-
Corporate
67 453
82 500
-
-
income
10 118
12 375
-
-
total
10 118
12 375
-
-
Dividends
57 335
70 125
-
-
withholding
8 600
10 519
-
-
total
8 600
10 519
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 301
22 894
32 252
32 252
After tax
57 199
59 606
50 248
50 248
Living cost
8 463
8 463
8 463
8 463
Free-cash
48 736
51 143
41 785
41 785

Estimated living cost  is ₴8463 per week

₴5698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴655
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33553
₴24970
₴33729
₴31143
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
social contributions

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

-
-
-
28 668
income
-
-
-
9 492
surtax
-
-
-
-
total
-
-
-
38 160
Employee
19 000
-
66 666
-
social contributions
2 090
-
7 333
-
income
3 712
-
21 166
-
surtax
-
-
-
-
total
5 802
-
28 499
-
Employer
19 000
-
66 666
-
social contributions
4 512
-
15 834
-
total
4 512
-
15 834
-
Corporate
58 988
82 500
-
-
income
12 388
17 325
-
-
surtax
-
-
-
-
total
12 388
17 325
-
-
Dividends
46 600
65 175
-
-
withholding
13 048
18 249
-
-
total
13 048
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 750
35 574
44 333
38 160
After tax
46 750
46 926
38 167
44 340
Living cost
13 197
13 197
13 197
13 197
Free-cash
33 553
33 729
24 970
31 143

Estimated living cost  is ₴13197 per week

₴9347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34573
₴27084
₴37832
₴29136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
409
income
-
-
-
22 547
pensions
-
-
-
12 840
other
-
-
-
46
unemployment
-
-
-
318
total
-
-
-
36 160
Employee
23 642
-
68 035
-
unemployment
366
-
703
-
pensions
1 111
-
2 133
-
income
4 938
-
20 866
-
other
23
-
46
-
total
6 438
-
23 748
-
Employer
23 642
-
68 035
-
pensions
5 579
-
10 708
-
other
190
-
363
-
unemployment
1 301
-
2 495
-
accident
468
-
898
-
total
7 538
-
14 464
-
Corporate
51 320
82 500
-
-
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.

7 698
12 375
-
-
total
7 698
12 375
-
-
Dividends
43 622
70 125
-
-
withholding
9 049
15 089
-
-
total
9 049
15 089
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 723
27 464
38 212
36 160
After tax
51 777
55 036
44 288
46 340
Living cost
17 204
17 204
17 204
17 204
Free-cash
34 573
37 832
27 084
29 136

Estimated living cost  is ₴17204 per week

₴12355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59133
₴60333
₴62117
₴57139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
health
-
-
-
1 966
income
-
-
-
12 375
pensions

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

-
-
-
2 531
unemployment
-
-
-
68
total
-
-
-
16 940
Employee
11 151
-
79 145
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
pensions

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

979
-
1 501
-
health
513
-
787
-
income
1 115
-
7 915
-
total
2 730
-
10 391
-
Employer
11 151
-
79 145
-
pensions

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

1 229
-
1 884
-
health
769
-
1 180
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
188
-
total
2 188
-
3 355
-
Corporate
69 161
82 500
-
-
income
6 916
8 250
-
-
total
6 916
8 250
-
-
Dividends
62 245
74 250
-
-
withholding
3 112
3 712
-
-
total
3 112
3 712
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 946
11 962
13 746
16 940
After tax
67 554
70 538
68 754
65 560
Living cost
8 421
8 421
8 421
8 421
Free-cash
59 133
62 117
60 333
57 139

Estimated living cost  is ₴8421 per week

₴5570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴29970
₴33788
₴23564
₴25215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
health

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

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

-
-
-
3 344
trade
-
-
-
8 573
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.

-
-
-
25 088
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.

-
-
-
1 380
total
-
-
-
38 385
Employee

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

24 357
-
82 500
-
health

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

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

3 344
-
3 344
-
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.

2 003
-
25 088
-
surtax

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

111
-
1 380
-
total
5 458
-
29 812
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
58 143
82 500
-
-
income
8 721
12 375
-
-
chamber of commerce
160
195
-
-
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.

479
681
-
-
trade
8 343
11 839
-
-
total
17 703
25 090
-
-
Dividends
40 439
57 410
-
-
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.

546
779
-
-
withholding
9 923
14 167
-
-
total
10 469
14 946
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 630
40 036
29 812
38 385
After tax
48 870
42 464
52 688
44 115
Living cost
18 900
18 900
18 900
18 900
Free-cash
29 970
23 564
33 788
25 215

Estimated living cost  is ₴18900 per week

₴13037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30944
₴16027
₴29864
₴16027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
13 678
income
-
-
-
24 909
total
-
-
-
38 587
Employee
38 292
-
82 500
-
social contributions
3 181
-
13 678
-
income
7 226
-
24 909
-
total
10 407
-
38 587
-
Employer
38 292
-
82 500
-
total
-
-
-
-
Corporate
44 208
82 500
-
-
income
5 526
10 313
-
-
total
5 526
10 313
-
-
Dividends
38 682
72 187
-
-
withholding
7 737
14 437
-
-
total
7 737
14 437
-
-
Income
82 500
82 500
82 500
82 500
Total tax
23 670
24 750
38 587
38 587
After tax
58 830
57 750
43 913
43 913
Living cost
27 886
27 886
27 886
27 886
Free-cash
30 944
29 864
16 027
16 027

Estimated living cost  is ₴27886 per week

₴21215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2272
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34979
₴41116
₴33269
₴47752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
income
-
-
-
13 935
health

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

-
-
-
3 043
total
-
-
-
16 978
Employee
22 457
-
80 248
-
social contributions
2 250
-
2 252
-
income
2 437
-
19 110
-
total
4 687
-
21 362
-
Employer
22 457
-
80 248
-
social contributions
2 250
-
2 252
-
total
2 250
-
2 252
-
Corporate
57 793
82 500
-
-
income
20 228
28 875
-
-
total
20 228
28 875
-
-
Dividends
37 566
53 625
-
-
social contributions
2 586
2 586
-
-
total
2 586
2 586
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 751
31 461
23 614
16 978
After tax
52 749
51 039
58 886
65 522
Living cost
17 770
17 770
17 770
17 770
Free-cash
34 979
33 269
41 116
47 752

Estimated living cost  is ₴17770 per week

₴11705
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4391
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39249
₴29582
₴36415
₴37058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
23 381
pensions
-
-
-
4 272
total
-
-
-
27 653
Employee
24 418
-
72 085
-
pensions
1 864
-
5 267
-
health
319
-
1 053
-
income
4 447
-
18 395
-
total
6 630
-
24 715
-
Employer
24 418
-
72 085
-
pensions
2 467
-
9 044
-
health
464
-
1 370
-
total
2 931
-
10 414
-
Corporate
55 151
82 500
-
-
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.

10 479
15 675
-
-
total
10 479
15 675
-
-
Dividends
44 673
66 825
-
-
withholding
5 422
12 621
-
-
total
5 422
12 621
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 462
28 296
35 129
27 653
After tax
57 038
54 204
47 371
54 847
Living cost
17 789
17 789
17 789
17 789
Free-cash
39 249
36 415
29 582
37 058

Estimated living cost  is ₴17789 per week

₴12203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3726
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4875
₴32860
-₴5105
₴44627
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
125
health
-
-
-
1 079
income
-
-
-
22 639
pensions
-
-
-
2 059
other
-
-
-
183
total
-
-
-
26 085
Employee
18 543
-
73 999
-
pensions
2 088
-
3 775
-
health
2 123
-
8 473
-
income
2 544
-
17 103
-
total
6 755
-
29 351
-
Employer
18 543
-
73 999
-
pensions
3 015
-
5 452
-
unemployment
454
-
1 813
-
accident
310
-
1 236
-
total
3 779
-
8 501
-
Corporate
60 178
82 500
-
-
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.

54 160
74 250
-
-
total
54 160
74 250
-
-
Dividends
6 018
8 250
-
-
withholding
1 143
1 567
-
-
total
1 143
1 567
-
-
Income
82 500
82 500
82 500
82 500
Total tax
65 837
75 817
37 852
26 085
After tax
16 663
6 683
44 648
56 415
Living cost
11 788
11 788
11 788
11 788
Free-cash
4 875
-5 105
32 860
44 627

Estimated living cost  is ₴11788 per week

₴8651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴60513
₴51563
₴62806
₴40789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
82 500
income
-
-
-
13 545
health insurance
-
-
-
5 798
pensions
-
-
-
14 418
unemployment
-
-
-
940
work injury
-
-
-
392
total
-
-
-
35 093
Employee

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

10 589
-
82 500
-
unemployment
127
-
470
-
pensions
1 948
-
7 209
-
work injury
53
-
196
-
income
1 059
-
13 545
-
health insurance
784
-
2 899
-
total
3 971
-
24 319
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 911
82 500
-
-
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%.

719
825
-
-
total
719
825
-
-
Dividends
71 192
81 675
-
-
withholding
10 679
12 251
-
-
total
10 679
12 251
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 369
13 076
24 319
35 093
After tax
67 131
69 424
58 181
47 407
Living cost
6 618
6 618
6 618
6 618
Free-cash
60 513
62 806
51 563
40 789

Estimated living cost  is ₴6618 per week

₴4100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴481
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21727
₴15546
₴23954
₴19168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
21 219
municipal
-
-
-
552
regional
-
-
-
1 885
national
-
-
-
20 174
total
-
-
-
43 830
Employee
41 251
-
82 500
-
regional
623
-
1 673
-
municipal
246
-
492
-
national
6 971
-
17 468
-
social contributions
13 910
-
27 819
-
total
21 750
-
47 452
-
Employer
41 251
-
82 500
-
total
-
-
-
-
Corporate
41 249
82 500
-
-
municipal
1 988
3 976
-
-
nationa
9 900
19 800
-
-
total
11 888
23 776
-
-
Dividends
29 361
58 724
-
-
withholding
7 633
15 268
-
-
total
7 633
15 268
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 271
39 044
47 452
43 830
After tax
41 229
43 456
35 048
38 670
Living cost
19 502
19 502
19 502
19 502
Free-cash
21 727
23 954
15 546
19 168

Estimated living cost  is ₴19502 per week

₴13699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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