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
₴37503
₴26141
₴28252
₴31795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 492
income

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

-
-
-
24 666
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.

-
-
-
1 357
trade
-
-
-
9 251
total
-
-
-
38 766
Employee

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

19 550
-
82 500
-
surtax

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

30
-
1 357
-
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.

546
-
24 666
-
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.

3 492
-
3 492
-
total
4 068
-
29 515
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 950
82 500
-
-
chamber of commerce
168
196
-
-
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.

519
681
-
-
trade
9 914
12 994
-
-
income
9 443
12 375
-
-
total
20 044
26 246
-
-
Dividends
42 906
56 254
-
-
surtax

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

579
762
-
-
withholding
10 532
13 869
-
-
total
11 111
14 631
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 223
40 877
29 515
38 766
After tax
47 277
41 623
52 985
43 734
Living cost
15 482
15 482
15 482
15 482
Free-cash
31 795
26 141
37 503
28 252

Estimated living cost  is ₴15482 per week

₴9739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22667
₴24636
₴22020
₴24189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 900
national
-
-
-
13 887
municipal
-
-
-
8 962
total
-
-
-
33 636
Employee
41 613
-
71 321
-
municipal
5 140
-
9 281
-
national
7 965
-
14 382
-
pensions
1 665
-
2 853
-
total
14 770
-
26 516
-
Employer
41 613
-
71 321
-
pensions
3 329
-
5 706
-
social contributions
447
-
767
-
total
3 776
-
6 473
-
Corporate
34 364
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%.

6 873
16 500
-
-
total
6 873
16 500
-
-
Dividends
27 492
66 000
-
-
withholding
6 048
14 520
-
-
total
6 048
14 520
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 467
31 020
32 989
33 636
After tax
51 033
51 480
49 511
48 864
Living cost
26 844
26 844
26 844
26 844
Free-cash
24 189
24 636
22 667
22 020

Estimated living cost  is ₴26844 per week

₴18245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴402
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38917
₴55366
₴17188
₴51173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
19 584
income
-
-
-
14 057
surtax
-
-
-
21 037
microenterprise
-
-
-
-
total
-
-
-
54 678
Employee
14 936
-
60 349
-
surtax
-
-
-
-
social contributions

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

1 643
-
6 639
-
income
2 659
-
11 772
-
total
4 302
-
18 411
-
Employer
14 936
-
60 349
-
surtax
-
-
-
-
social contributions

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

3 598
-
14 538
-
total
3 598
-
14 538
-
Corporate
63 966
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%.

12 793
16 500
-
-
total
12 793
16 500
-
-
Dividends

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

51 173
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
20 693
16 500
32 949
54 678
After tax
61 807
66 000
49 551
27 822
Living cost
10 634
10 634
10 634
10 634
Free-cash
51 173
55 366
38 917
17 188

Estimated living cost  is ₴10634 per week

₴6784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴29314
₴19320
₴24659
₴16189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 303
income
-
-
-
24 137
pensions
-
-
-
5 989
total
-
-
-
36 429
Employee
43 649
43 649
73 001
-
income

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

7 145
7 145
9 983
-
pensions
7 857
5 989
5 989
-
health
6 700
5 699
6 303
-
total
21 702
18 833
22 275
-
Employer
43 649
43 649
73 001
-
unemployment
1 571
1 571
1 953
-
health
3 034
3 034
3 770
-
pensions
3 038
3 038
3 776
-
total
7 643
7 643
9 499
-
Corporate
31 743
31 207
-
-
income
6 349
6 242
-
-
total
6 349
6 242
-
-
Dividends
25 394
24 965
-
-
income
5 396
5 305
-
-
withholding
3 809
3 745
-
-
total
9 205
9 050
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 899
41 768
31 774
36 429
After tax
37 601
40 732
50 726
46 071
Living cost
21 412
21 412
21 412
21 412
Free-cash
16 189
19 320
29 314
24 659

Estimated living cost  is ₴21412 per week

₴15174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21427
₴23969
₴21939
₴23496
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 367
health
-
-
-
2 882
accident
-
-
-
92
pensions
-
-
-
4 993
national
-
-
-
5 494
unemployment
-
-
-
46
municipal
-
-
-
20 611
total
-
-
-
39 485
Employee
30 031
-
67 987
-
municipal
8 955
-
20 274
-
national
-
-
5 211
-
total
8 955
-
25 485
-
Employer
30 031
-
67 987
-
other
3 490
-
5 367
-
unemployment
793
-
1 219
-
health
1 847
-
2 841
-
accident
60
-
92
-
pensions
3 246
-
4 993
-
total
9 436
-
14 512
-
Corporate
43 033
82 500
-
-
income
9 467
18 150
-
-
total
9 467
18 150
-
-
Dividends
33 566
64 350
-
-
withholding
10 070
19 305
-
-
total
10 070
19 305
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 928
37 455
39 997
39 485
After tax
44 572
45 045
42 503
43 015
Living cost
21 076
21 076
21 076
21 076
Free-cash
23 496
23 969
21 427
21 939

Estimated living cost  is ₴21076 per week

₴13968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2068
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32905
₴21118
₴23243
₴28301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 492
income

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

-
-
-
24 666
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.

-
-
-
1 357
trade
-
-
-
9 662
total
-
-
-
39 177
Employee

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

25 921
-
82 500
-
surtax

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

122
-
1 357
-
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.

2 227
-
24 666
-
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.

3 492
-
3 492
-
total
5 841
-
29 515
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 579
82 500
-
-
chamber of commerce
158
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.

467
681
-
-
trade
9 307
13 571
-
-
income
8 486
12 375
-
-
total
18 418
26 822
-
-
Dividends
38 161
55 678
-
-
surtax

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

514
755
-
-
withholding
9 346
13 725
-
-
total
9 860
14 480
-
-
Income
82 500
82 500
82 500
82 500
Total tax
34 119
41 302
29 515
39 177
After tax
48 381
41 198
52 985
43 323
Living cost
20 080
20 080
20 080
20 080
Free-cash
28 301
21 118
32 905
23 243

Estimated living cost  is ₴20080 per week

₴13429
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39441
₴43632
₴40187
₴41510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 270
health
-
-
-
2 104
income
-
-
-
15 360
total
-
-
-
25 734
Employee
39 304
39 304
76 681
-
social contributions
1 910
3 262
4 400
-
income
4 127
3 638
14 958
-
health
391
668
1 304
-
total
6 428
7 568
20 662
-
Employer
39 304
39 304
76 681
-
health
426
727
1 418
-
social contributions
1 910
3 262
4 400
-
total
2 336
3 989
5 818
-
Corporate
57 157
39 206
-
-
income
7 145
4 900
-
-
total
7 145
4 900
-
-
Dividends
50 012
34 306
-
-
withholding
8 502
5 832
-
-
total
8 502
5 832
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 411
22 289
26 480
25 734
After tax
58 089
60 211
56 020
56 766
Living cost
16 579
16 579
16 579
16 579
Free-cash
41 510
43 632
39 441
40 187

Estimated living cost  is ₴16579 per week

₴11333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38241
₴36781
₴47567
₴36981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 835
5 506
69 038
-
income
1 691
673
8 440
-
pensions
1 384
551
6 904
-
health
968
385
4 833
-
unemployment
208
83
1 036
-
total
4 251
1 692
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.

13 835
5 506
69 038
-
pensions
2 698
1 074
13 462
-
total
2 698
1 074
13 462
-
Corporate
65 967
75 920
-
-
income
5 937
6 833
-
-
total
5 937
6 833
-
-
Dividends
60 030
69 087
-
-
social contributions
11 643
13 409
-
-
withholding
11 406
13 127
-
-
total
23 049
26 536
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 935
36 135
34 675
25 349
After tax
46 565
46 365
47 825
57 151
Living cost
9 584
9 584
9 584
9 584
Free-cash
36 981
36 781
38 241
47 567

Estimated living cost  is ₴9584 per week

₴6541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴192
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2068
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35205
₴53654
₴31875
₴50479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 499
total
-
-
-
38 279
Employee
14 500
-
61 658
-
income
1 632
-
11 888
-
pensions
290
-
1 233
-
unemployment
232
-
986
-
total
2 154
-
14 107
-
Employer
14 500
-
61 658
-
unemployment
116
-
494
-
health
1 885
-
8 016
-
pensions
2 900
-
12 332
-
total
4 901
-
20 842
-
Corporate
63 098
82 500
-
-
income
12 620
16 500
-
-
total
12 620
16 500
-
-
Dividends
50 479
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
19 675
16 500
34 949
38 279
After tax
62 825
66 000
47 551
44 221
Living cost
12 346
12 346
12 346
12 346
Free-cash
50 479
53 654
35 205
31 875

Estimated living cost  is ₴12346 per week

₴8468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2894
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33204
-₴4640
₴45105
₴4948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
22 489
pensions
-
-
-
2 141
total
-
-
-
26 073
Employee
17 810
-
73 790
-
income
2 443
-
16 889
-
pensions
2 005
-
3 926
-
health
2 039
-
8 449
-
total
6 487
-
29 264
-
Employer
17 810
-
73 790
-
unemployment
436
-
1 808
-
accident
297
-
1 232
-
pensions
2 896
-
5 670
-
total
3 629
-
8 710
-
Corporate
61 060
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.

54 954
74 250
-
-
total
54 954
74 250
-
-
Dividends
6 106
8 250
-
-
withholding
1 160
1 568
-
-
total
1 160
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 230
75 818
37 974
26 073
After tax
16 270
6 682
44 526
56 427
Living cost
11 322
11 322
11 322
11 322
Free-cash
4 948
-4 640
33 204
45 105

Estimated living cost  is ₴11322 per week

₴8298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
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.
₴2161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴61734
₴74109
₴77409
₴73310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 332
-
82 500
-
income
1 066
-
16 500
-
total
1 066
-
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%.

77 168
82 500
-
-
total
-
-
-
-
Dividends
77 168
82 500
-
-
withholding
3 858
4 125
-
-
total
3 858
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
4 924
4 125
16 500
825
After tax
77 576
78 375
66 000
81 675
Living cost
4 266
4 266
4 266
4 266
Free-cash
73 310
74 109
61 734
77 409

Estimated living cost  is ₴4266 per week

₴2644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33320
₴46993
₴31093
₴43542
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
3 692
health
-
-
-
3 420
income
-
-
-
12 020
pensions

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

-
-
-
18 655
total
-
-
-
37 787
Employee
18 559
-
65 895
-
income
3 195
-
12 762
-
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.

1 299
-
4 612
-
health
260
-
922
-
unemployment
185
-
659
-
total
4 939
-
18 955
-
Employer
18 559
-
65 895
-
other
928
-
3 295
-
unemployment
185
-
659
-
health
260
-
922
-
accident
148
-
527
-
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.

3 155
-
11 202
-
total
4 676
-
16 605
-
Corporate
59 264
82 500
-
-
income
12 445
17 325
-
-
total
12 445
17 325
-
-
Dividends
46 819
65 175
-
-
withholding
3 278
4 562
-
-
total
3 278
4 562
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 338
21 887
35 560
37 787
After tax
57 162
60 613
46 940
44 713
Living cost
13 620
13 620
13 620
13 620
Free-cash
43 542
46 993
33 320
31 093

Estimated living cost  is ₴13620 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13906
₴20918
₴21410
₴21090
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 891
pensions
-
-
-
4 415
total
-
-
-
27 306
Employee
47 799
-
72 128
-
income
8 616
-
17 888
-
health
788
-
1 072
-
pensions
4 611
-
5 478
-
total
14 015
-
24 438
-
Employer
47 799
-
72 128
-
health
908
-
1 371
-
pensions
5 644
-
9 001
-
total
6 552
-
10 372
-
Corporate
28 150
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.

5 349
15 675
-
-
total
5 349
15 675
-
-
Dividends
22 801
66 825
-
-
withholding
1 710
12 123
-
-
total
1 710
12 123
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 626
27 798
34 810
27 306
After tax
54 874
54 702
47 690
55 194
Living cost
33 784
33 784
33 784
33 784
Free-cash
21 090
20 918
13 906
21 410

Estimated living cost  is ₴33784 per week

₴25315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61919
₴63895
₴58757
₴61540
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 035
income
-
-
-
12 375
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
17 100
Employee
8 797
-
79 028
-
income
880
-
7 903
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

772
-
1 554
-
health
405
-
814
-
total
2 154
-
10 466
-
Employer
8 797
-
79 028
-
unemployment
53
-
106
-
health
607
-
1 221
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

969
-
1 950
-
total
1 726
-
3 472
-
Corporate
71 977
82 500
-
-
income
7 198
8 250
-
-
total
7 198
8 250
-
-
Dividends
64 779
74 250
-
-
withholding
3 239
3 712
-
-
total
3 239
3 712
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 317
11 962
13 938
17 100
After tax
68 183
70 538
68 562
65 400
Living cost
6 643
6 643
6 643
6 643
Free-cash
61 540
63 895
61 919
58 757

Estimated living cost  is ₴6643 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴22382
₴12388
₴17727
₴13675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 303
income
-
-
-
24 137
pensions
-
-
-
5 989
total
-
-
-
36 429
Employee
47 389
43 649
73 001
-
income

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

7 145
7 145
9 983
-
pensions
5 989
5 989
5 989
-
health
5 912
5 699
6 303
-
total
19 046
18 833
22 275
-
Employer
47 389
43 649
73 001
-
unemployment
1 706
1 571
1 953
-
health
3 293
3 034
3 770
-
pensions
3 298
3 038
3 776
-
total
8 297
7 643
9 499
-
Corporate
26 813
31 207
-
-
income
5 363
6 242
-
-
total
5 363
6 242
-
-
Dividends
21 450
24 965
-
-
income
4 558
5 305
-
-
withholding
3 217
3 745
-
-
total
7 775
9 050
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 481
41 768
31 774
36 429
After tax
42 019
40 732
50 726
46 071
Living cost
28 344
28 344
28 344
28 344
Free-cash
13 675
12 388
22 382
17 727

Estimated living cost  is ₴28344 per week

₴20908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴29266
₴44202
₴32650
₴39709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 129
health
-
-
-
11 137
income
-
-
-
7 985
solidarity contribution
-
-
-
-
total
-
-
-
37 251
Employee
18 527
-
61 567
-
social contributions
1 204
-
4 002
-
solidarity contribution
-
-
-
-
income
2 223
-
7 388
-
health
2 501
-
8 312
-
total
5 928
-
19 702
-
Employer
18 527
-
61 567
-
health
1 667
-
5 541
-
social contributions
4 632
-
15 392
-
total
6 299
-
20 933
-
Corporate
57 673
82 500
-
-
income
10 958
15 675
-
-
total
10 958
15 675
-
-
Dividends
46 715
66 825
-
-
withholding
7 007
10 024
-
-
total
7 007
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 192
25 699
40 635
37 251
After tax
52 308
56 801
41 865
45 249
Living cost
12 599
12 599
12 599
12 599
Free-cash
39 709
44 202
29 266
32 650

Estimated living cost  is ₴12599 per week

₴8751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14575
₴22450
₴18303
₴19779
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
19 955
regional
-
-
-
965
municipal
-
-
-
490
total
-
-
-
42 629
Employee
45 427
-
82 500
-
social contributions
15 318
-
27 819
-
municipal
241
-
437
-
national
7 871
-
17 249
-
regional
429
-
852
-
total
23 859
-
46 357
-
Employer
45 427
-
82 500
-
total
-
-
-
-
Corporate
37 073
82 500
-
-
nationa
8 898
19 800
-
-
municipal
1 446
3 217
-
-
total
10 344
23 017
-
-
Dividends
26 729
59 482
-
-
withholding
6 950
15 465
-
-
total
6 950
15 465
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 153
38 482
46 357
42 629
After tax
41 347
44 018
36 143
39 871
Living cost
21 568
21 568
21 568
21 568
Free-cash
19 779
22 450
14 575
18 303

Estimated living cost  is ₴21568 per week

₴15035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24658
₴40613
₴27861
₴39024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 843
income
-
-
-
21 575
pensions
-
-
-
13 644
surtax
-
-
-
3 182
unemployment
-
-
-
116
total
-
-
-
43 360
Employee
16 903
-
68 154
-
surtax
55
-
2 661
-
income
2 833
-
18 529
-
other
-
-
-
-
pensions
1 127
-
4 546
-
health
432
-
1 738
-
unemployment
1 177
-
4 743
-
total
5 624
-
32 217
-
Employer
16 903
-
68 154
-
other
-
-
-
-
unemployment
535
-
2 160
-
health
769
-
3 101
-
pensions
2 253
-
9 085
-
total
3 557
-
14 346
-
Corporate
62 039
82 500
-
-
income
16 130
21 450
-
-
total
16 130
21 450
-
-
Dividends
45 909
61 050
-
-
withholding
6 886
9 158
-
-
total
6 886
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 197
30 608
46 563
43 360
After tax
50 303
51 892
35 937
39 140
Living cost
11 279
11 279
11 279
11 279
Free-cash
39 024
40 613
24 658
27 861

Estimated living cost  is ₴11279 per week

₴6897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24610
₴31622
₴32114
₴34758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 891
pensions
-
-
-
4 415
total
-
-
-
27 306
Employee
32 033
-
72 128
-
income
5 769
-
17 888
-
health
465
-
1 072
-
pensions
2 719
-
5 478
-
total
8 953
-
24 438
-
Employer
32 033
-
72 128
-
health
609
-
1 371
-
pensions
3 468
-
9 001
-
total
4 077
-
10 372
-
Corporate
46 390
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.

8 814
15 675
-
-
total
8 814
15 675
-
-
Dividends
37 576
66 825
-
-
withholding
2 818
12 123
-
-
total
2 818
12 123
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 662
27 798
34 810
27 306
After tax
57 838
54 702
47 690
55 194
Living cost
23 080
23 080
23 080
23 080
Free-cash
34 758
31 622
24 610
32 114

Estimated living cost  is ₴23080 per week

₴17291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22370
-₴3276
₴26379
₴14268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
185
pensions
-
-
-
7 591
city
-
-
-
870
national
-
-
-
1 056
regional
-
-
-
3 767
total
-
-
-
15 119
Employee
47 982
-
73 843
-
national
227
-
867
-
city
515
-
793
-
pensions
4 031
-
6 203
-
health
108
-
166
-
regional
1 571
-
3 254
-
unemployment
-
-
-
-
total
6 452
-
11 283
-
Employer
47 982
-
73 843
-
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.

959
-
1 476
-
unemployment
-
-
-
-
health
108
-
166
-
pensions
4 031
-
6 203
-
total
5 098
-
7 845
-
Corporate
28 891
82 500
-
-
regional
6 110
17 448
-
-
national
2 456
7 012
-
-
total
8 566
24 460
-
-
Dividends
20 325
58 039
-
-
withholding
7 114
20 314
-
-
total
7 114
20 314
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 230
44 774
19 128
15 119
After tax
55 270
37 726
63 372
67 381
Living cost
41 002
41 002
41 002
41 002
Free-cash
14 268
-3 276
22 370
26 379

Estimated living cost  is ₴41002 per week

₴26663
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3679
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴503
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29569
₴17357
₴19496
₴25646
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 492
income

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

-
-
-
24 666
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.

-
-
-
1 357
trade
-
-
-
10 073
total
-
-
-
39 588
Employee

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

30 719
-
82 500
-
surtax

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

199
-
1 357
-
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.

3 612
-
24 666
-
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.

3 492
-
3 492
-
total
7 303
-
29 515
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 781
82 500
-
-
chamber of commerce
150
194
-
-
surtax

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

427
681
-
-
trade
8 880
14 149
-
-
income
7 768
12 375
-
-
total
17 225
27 399
-
-
Dividends
34 556
55 101
-
-
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.

465
747
-
-
withholding
8 445
13 581
-
-
total
8 910
14 328
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 438
41 727
29 515
39 588
After tax
49 062
40 773
52 985
42 912
Living cost
23 416
23 416
23 416
23 416
Free-cash
25 646
17 357
29 569
19 496

Estimated living cost  is ₴23416 per week

₴17102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28690
₴24092
₴29125
₴27109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 558
social contributions
-
-
-
2 351
health
-
-
-
3 253
income
-
-
-
12 296
pensions
-
-
-
15 429
surtax
-
-
-
-
total
-
-
-
35 887
Employee
21 876
-
64 349
-
surtax
-
-
-
-
social contributions
624
-
1 833
-
income
1 291
-
12 071
-
pensions
2 473
-
4 267
-
total
4 388
-
18 171
-
Employer
21 876
-
64 349
-
other
755
-
2 422
-
unemployment
886
-
2 606
-
health
1 532
-
5 709
-
pensions
3 594
-
7 221
-
social contributions
66
-
193
-
total
6 833
-
18 151
-
Corporate
53 792
82 500
-
-
surtax
-
-
-
-
income
15 062
23 100
-
-
total
15 062
23 100
-
-
Dividends
38 730
59 400
-
-
social contributions
6 662
10 217
-
-
surtax
-
-
-
-
withholding
4 958
7 603
-
-
total
11 620
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 903
40 920
36 322
35 887
After tax
44 597
41 580
46 178
46 613
Living cost
17 488
17 488
17 488
17 488
Free-cash
27 109
24 092
28 690
29 125

Estimated living cost  is ₴17488 per week

₴11027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30423
₴25825
₴30858
₴28663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 558
social contributions
-
-
-
2 351
health
-
-
-
3 253
income
-
-
-
12 296
pensions
-
-
-
15 429
surtax
-
-
-
-
total
-
-
-
35 887
Employee
19 527
-
64 349
-
surtax
-
-
-
-
social contributions
557
-
1 833
-
income
1 007
-
12 071
-
pensions
2 209
-
4 267
-
total
3 773
-
18 171
-
Employer
19 527
-
64 349
-
other
674
-
2 422
-
unemployment
791
-
2 606
-
health
1 367
-
5 709
-
pensions
3 209
-
7 221
-
social contributions
58
-
193
-
total
6 099
-
18 151
-
Corporate
56 874
82 500
-
-
surtax
-
-
-
-
income
15 925
23 100
-
-
total
15 925
23 100
-
-
Dividends
40 949
59 400
-
-
social contributions
7 043
10 217
-
-
surtax
-
-
-
-
withholding
5 242
7 603
-
-
total
12 285
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 082
40 920
36 322
35 887
After tax
44 418
41 580
46 178
46 613
Living cost
15 755
15 755
15 755
15 755
Free-cash
28 663
25 825
30 423
30 858

Estimated living cost  is ₴15755 per week

₴9137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
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.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40662
₴39494
₴42142
₴39758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 331
-
82 500
-
social contributions
2 392
-
11 385
-
income
2 891
-
13 855
-
health
1 210
-
5 759
-
total
6 493
-
30 999
-
Employer
17 331
-
82 500
-
total
-
-
-
-
Corporate
65 169
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%.

3 258
4 125
-
-
total
3 258
4 125
-
-
Dividends
61 911
78 375
-
-
social contributions
8 544
10 815
-
-
withholding
9 287
11 756
-
-
health
4 321
5 471
-
-
total
22 152
28 042
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 903
32 167
30 999
29 519
After tax
50 597
50 333
51 501
52 981
Living cost
10 839
10 839
10 839
10 839
Free-cash
39 758
39 494
40 662
42 142

Estimated living cost  is ₴10839 per week

₴7254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
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.
₴2666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3708
₴27707
₴24311
₴26919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 568
income
-
-
-
20 997
chamber of commerce
-
-
-
330
pensions
-
-
-
11 047
surtax
-
-
-
101
unemployment
-
-
-
3 135
total
-
-
-
40 178
Employee
25 545
20 370
64 840
-
income
2 908
1 503
16 580
-
other
255
204
598
-
pensions
2 616
2 085
6 115
-
health
988
789
2 311
-
unemployment
766
611
1 792
-
total
7 533
5 192
27 396
-
Employer
25 545
20 370
64 840
-
other
1 213
967
3 036
-
unemployment
766
611
1 792
-
health
965
770
2 257
-
surtax
101
101
101
-
accident
332
265
776
-
pensions
3 206
2 557
7 494
-
payroll
766
611
1 945
-
chamber of commerce
102
81
259
-
total
7 451
5 963
17 660
-
Corporate
49 504
56 167
62 900
-
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.

12 376
14 042
15 725
-
total
12 376
14 042
15 725
-
Dividends
37 128
42 125
-
-
withholding
10 210
11 585
-
-
total
10 210
11 585
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 570
36 782
60 781
40 178
After tax
44 930
45 718
21 719
42 322
Living cost
18 011
18 011
18 011
18 011
Free-cash
26 919
27 707
3 708
24 311

Estimated living cost  is ₴18011 per week

₴12012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1536
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴10829
₴27519
₴17082
₴19852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 744
communal

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

-
-
-
4 185
national
-
-
-
29 852
total
-
-
-
46 781
Employee

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

36 562
-
63 899
-
national
11 241
-
22 747
-
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.

2 742
-
4 793
-
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.

1 718
-
3 004
-
communal

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

1 907
-
3 333
-
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.

318
-
556
-
total
17 926
-
34 433
-
Employer

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

36 562
-
63 899
-
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.

533
-
933
-
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.

2 248
-
3 929
-
surtax
4 146
-
7 246
-
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.

475
-
831
-
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.

3 240
-
5 662
-
total
10 642
-
18 601
-
Corporate
35 295
82 500
-
-
surtax
142
330
-
-
income
7 059
16 500
-
-
total
7 201
16 830
-
-
Dividends
28 095
65 670
-
-
withholding

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

8 242
19 514
-
-
total
8 242
19 514
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 011
36 344
53 034
46 781
After tax
38 489
46 156
29 466
35 719
Living cost
18 637
18 637
18 637
18 637
Free-cash
19 852
27 519
10 829
17 082

Estimated living cost  is ₴18637 per week

₴12005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
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.
₴4711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25780
₴36623
₴27923
₴32985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
21 904
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
36 118
Employee
25 443
-
67 396
-
income
5 368
-
20 149
-
other
25
-
48
-
pensions
1 196
-
2 227
-
unemployment
395
-
734
-
total
6 984
-
23 158
-
Employer
25 443
-
67 396
-
other
203
-
379
-
unemployment
1 400
-
2 605
-
accident
503
-
938
-
pensions
6 004
-
11 181
-
total
8 110
-
15 103
-
Corporate
48 947
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.

7 342
12 375
-
-
total
7 342
12 375
-
-
Dividends
41 605
70 125
-
-
withholding
8 620
15 043
-
-
total
8 620
15 043
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 056
27 418
38 261
36 118
After tax
51 444
55 082
44 239
46 382
Living cost
18 459
18 459
18 459
18 459
Free-cash
32 985
36 623
25 780
27 923

Estimated living cost  is ₴18459 per week

₴13593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17143
₴20936
₴13856
₴14761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 796
accident
-
-
-
695
income
-
-
-
12 706
pensions
-
-
-
12 365
communal
-
-
-
5 214
surtax
-
-
-
4 090
total
-
-
-
40 866
Employee
38 708
-
73 693
-
surtax
2 373
-
4 516
-
income
3 739
-
15 081
-
pensions
3 096
-
5 896
-
health
1 723
-
3 280
-
total
10 931
-
28 773
-
Employer
38 708
-
73 693
-
health
1 180
-
2 247
-
accident
348
-
663
-
pensions
3 096
-
5 896
-
total
4 624
-
8 806
-
Corporate
39 167
82 500
-
-
surtax
411
866
-
-
income
5 875
12 375
-
-
communal
2 644
5 569
-
-
total
8 930
18 810
-
-
Dividends
30 236
63 690
-
-
income
10 940
5 423
-
-
withholding
4 536
9 553
-
-
total
15 476
14 976
-
-
Income
82 500
82 500
82 500
82 500
Total tax
39 961
33 786
37 579
40 866
After tax
42 539
48 714
44 921
41 634
Living cost
27 778
27 778
27 778
27 778
Free-cash
14 761
20 936
17 143
13 856

Estimated living cost  is ₴27778 per week

₴20837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24456
₴40411
₴27659
₴38787
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
4 843
income
-
-
-
21 575
pensions
-
-
-
13 644
surtax
-
-
-
3 182
unemployment
-
-
-
116
total
-
-
-
43 360
Employee
17 213
-
68 154
-
surtax
61
-
2 661
-
income
2 886
-
18 529
-
other
-
-
-
-
pensions
1 148
-
4 546
-
health
439
-
1 738
-
unemployment
1 198
-
4 743
-
total
5 732
-
32 217
-
Employer
17 213
-
68 154
-
other
-
-
-
-
unemployment
546
-
2 160
-
health
783
-
3 101
-
pensions
2 295
-
9 085
-
total
3 624
-
14 346
-
Corporate
61 663
82 500
-
-
income
16 032
21 450
-
-
total
16 032
21 450
-
-
Dividends
45 631
61 050
-
-
withholding
6 844
9 158
-
-
total
6 844
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 232
30 608
46 563
43 360
After tax
50 268
51 892
35 937
39 140
Living cost
11 481
11 481
11 481
11 481
Free-cash
38 787
40 411
24 456
27 659

Estimated living cost  is ₴11481 per week

₴6932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴3285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22116
₴29595
₴25823
₴28460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
19 955
regional
-
-
-
1 244
municipal
-
-
-
490
total
-
-
-
42 908
Employee
28 354
-
82 500
-
social contributions
9 561
-
27 819
-
municipal
150
-
437
-
national
4 492
-
17 249
-
regional
382
-
1 110
-
total
14 585
-
46 615
-
Employer
28 354
-
82 500
-
total
-
-
-
-
Corporate
54 146
82 500
-
-
nationa
12 995
19 800
-
-
municipal
2 691
4 100
-
-
total
15 686
23 900
-
-
Dividends
38 461
58 600
-
-
withholding
10 000
15 236
-
-
total
10 000
15 236
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 271
39 136
46 615
42 908
After tax
42 229
43 364
35 885
39 592
Living cost
13 769
13 769
13 769
13 769
Free-cash
28 460
29 595
22 116
25 823

Estimated living cost  is ₴13769 per week

₴8563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
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.
₴3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26340
₴41276
₴29724
₴35737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 129
health
-
-
-
11 137
income
-
-
-
7 985
solidarity contribution
-
-
-
-
total
-
-
-
37 251
Employee
22 831
-
61 567
-
social contributions
1 484
-
4 002
-
solidarity contribution
-
-
-
-
income
2 740
-
7 388
-
health
3 082
-
8 312
-
total
7 306
-
19 702
-
Employer
22 831
-
61 567
-
health
2 055
-
5 541
-
social contributions
5 708
-
15 392
-
total
7 763
-
20 933
-
Corporate
51 907
82 500
-
-
income
9 862
15 675
-
-
total
9 862
15 675
-
-
Dividends
42 045
66 825
-
-
withholding
6 307
10 024
-
-
total
6 307
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 238
25 699
40 635
37 251
After tax
51 262
56 801
41 865
45 249
Living cost
15 525
15 525
15 525
15 525
Free-cash
35 737
41 276
26 340
29 724

Estimated living cost  is ₴15525 per week

₴11545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴860
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5442
₴29467
₴26116
₴29217
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 568
income
-
-
-
20 997
chamber of commerce
-
-
-
330
pensions
-
-
-
11 047
surtax
-
-
-
-
unemployment
-
-
-
3 135
total
-
-
-
40 077
Employee
22 343
20 370
64 934
-
income
1 990
1 503
16 619
-
other
223
204
598
-
pensions
2 288
2 085
6 115
-
health
864
789
2 311
-
unemployment
670
611
1 792
-
total
6 035
5 192
27 435
-
Employer
22 343
20 370
64 934
-
other
1 061
967
3 040
-
unemployment
670
611
1 792
-
health
845
770
2 257
-
surtax
-
-
-
-
accident
290
265
776
-
pensions
2 804
2 557
7 494
-
payroll
670
611
1 948
-
chamber of commerce
89
81
260
-
total
6 429
5 862
17 567
-
Corporate
53 726
56 268
62 994
-
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.

13 431
14 067
15 749
-
total
13 431
14 067
15 749
-
Dividends
40 295
42 201
-
-
withholding
11 081
11 605
-
-
total
11 081
11 605
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 976
36 726
60 751
40 077
After tax
45 524
45 774
21 749
42 423
Living cost
16 307
16 307
16 307
16 307
Free-cash
29 217
29 467
5 442
26 116

Estimated living cost  is ₴16307 per week

₴9782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1665
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59353
₴71728
₴75028
₴70481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 309
-
82 500
-
income
1 662
-
16 500
-
total
1 662
-
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%.

74 191
82 500
-
-
total
-
-
-
-
Dividends
74 191
82 500
-
-
withholding
3 710
4 125
-
-
total
3 710
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
5 372
4 125
16 500
825
After tax
77 128
78 375
66 000
81 675
Living cost
6 647
6 647
6 647
6 647
Free-cash
70 481
71 728
59 353
75 028

Estimated living cost  is ₴6647 per week

₴4498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
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.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24779
₴43091
₴26965
₴38815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 119
income
-
-
-
18 515
pensions
-
-
-
15 067
unemployment
-
-
-
124
total
-
-
-
41 825
Employee

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

22 603
-
71 385
-
income
3 898
-
17 118
-
pensions
3 504
-
11 065
-
health
1 460
-
4 612
-
unemployment
32
-
100
-
total
8 894
-
32 895
-
Employer

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

22 603
-
71 385
-
unemployment
14
-
43
-
health
1 505
-
4 755
-
pensions
2 000
-
6 318
-
total
3 519
-
11 116
-
Corporate
56 378
82 500
-
-
income
10 712
15 675
-
-
total
10 712
15 675
-
-
Dividends
45 667
66 825
-
-
withholding
6 850
10 024
-
-
total
6 850
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 975
25 699
44 011
41 825
After tax
52 525
56 801
38 489
40 675
Living cost
13 710
13 710
13 710
13 710
Free-cash
38 815
43 091
24 779
26 965

Estimated living cost  is ₴13710 per week

₴9409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52306
₴27054
₴33875
₴1547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 178
-
-
-
social contributions
2 721
-
388
-
income
7 318
-
-
-
total
10 039
-
388
-
Employer
33 178
-
-
-
social contributions
46 780
-
6 667
-
total
46 780
-
6 667
-
Corporate
2 542
82 500
-
-
income
559
18 150
-
-
total
559
18 150
-
-
Dividends
1 983
64 350
-
-
income
436
14 157
-
-
total
436
14 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
57 814
32 307
7 055
25 486
After tax
24 686
50 193
75 445
57 014
Living cost
23 139
23 139
23 139
23 139
Free-cash
1 547
27 054
52 306
33 875

Estimated living cost  is ₴23139 per week

₴15013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22379
₴30893
₴28430
₴30379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 669
income
-
-
-
9 368
surtax
-
-
-
-
total
-
-
-
38 037
Employee
23 509
-
66 667
-
surtax
-
-
-
-
social contributions
2 586
-
7 333
-
income
4 890
-
20 922
-
total
7 476
-
28 255
-
Employer
23 509
-
66 667
-
social contributions
5 583
-
15 833
-
total
5 583
-
15 833
-
Corporate
53 408
82 500
-
-
surtax
-
-
-
-
income
11 216
17 325
-
-
total
11 216
17 325
-
-
Dividends
42 192
65 175
-
-
withholding
11 813
18 249
-
-
total
11 813
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 088
35 574
44 088
38 037
After tax
46 412
46 926
38 412
44 463
Living cost
16 033
16 033
16 033
16 033
Free-cash
30 379
30 893
22 379
28 430

Estimated living cost  is ₴16033 per week

₴11996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21491
₴16893
₴21926
₴20406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 558
social contributions
-
-
-
2 351
health
-
-
-
3 253
income
-
-
-
12 296
pensions
-
-
-
15 429
surtax
-
-
-
-
total
-
-
-
35 887
Employee
32 014
-
64 349
-
surtax
-
-
-
-
social contributions
912
-
1 833
-
income
2 793
-
12 071
-
pensions
3 621
-
4 267
-
total
7 326
-
18 171
-
Employer
32 014
-
64 349
-
other
1 105
-
2 422
-
unemployment
1 297
-
2 606
-
health
2 241
-
5 709
-
pensions
5 260
-
7 221
-
social contributions
96
-
193
-
total
9 999
-
18 151
-
Corporate
40 488
82 500
-
-
surtax
-
-
-
-
income
11 336
23 100
-
-
total
11 336
23 100
-
-
Dividends
29 151
59 400
-
-
social contributions
5 014
10 217
-
-
surtax
-
-
-
-
withholding
3 732
7 603
-
-
total
8 746
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 407
40 920
36 322
35 887
After tax
45 093
41 580
46 178
46 613
Living cost
24 687
24 687
24 687
24 687
Free-cash
20 406
16 893
21 491
21 926

Estimated living cost  is ₴24687 per week

₴16708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47848
₴58885
₴45655
₴57168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 331
social contributions
-
-
-
18 149
total
-
-
-
21 480
Employee
16 433
-
71 429
-
income
-
-
3 574
-
social contributions
1 068
-
4 642
-
total
1 068
-
8 216
-
Employer
16 433
-
71 429
-
social contributions
2 547
-
11 071
-
total
2 547
-
11 071
-
Corporate
63 520
82 500
-
-
income
6 352
8 250
-
-
total
6 352
8 250
-
-
Dividends
57 168
74 250
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
9 967
8 250
19 287
21 480
After tax
72 533
74 250
63 213
61 020
Living cost
15 365
15 365
15 365
15 365
Free-cash
57 168
58 885
47 848
45 655

Estimated living cost  is ₴15365 per week

₴9935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28683
-₴28683
₴24507
-₴28683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
6 565
pensions
-
-
-
442
national
-
-
-
9 444
municipal
-
-
-
16 966
total
-
-
-
33 417
Employee
103 729
103 729
103 729
-
labour market
8 287
8 287
8 287
-
municipal
22 089
22 089
22 089
-
national
12 672
12 672
12 672
-
pensions
147
147
147
-
total
43 195
43 195
43 195
-
Employer
103 729
103 729
103 729
-
national
12 695
12 695
12 695
-
labour market
8 298
8 298
8 298
-
pensions
295
295
295
-
municipal
22 124
22 124
22 124
-
total
43 412
43 412
43 412
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
86 607
86 607
86 607
33 417
After tax
-4 107
-4 107
-4 107
49 083
Living cost
24 576
24 576
24 576
24 576
Free-cash
-28 683
-28 683
-28 683
24 507

Estimated living cost  is ₴24576 per week

₴16820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2174
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.
₴5204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33371
-₴4473
₴45272
₴4972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
22 489
pensions
-
-
-
2 141
total
-
-
-
26 073
Employee
17 547
-
73 790
-
income
2 407
-
16 889
-
pensions
1 976
-
3 926
-
health
2 009
-
8 449
-
total
6 392
-
29 264
-
Employer
17 547
-
73 790
-
unemployment
430
-
1 808
-
accident
293
-
1 232
-
pensions
2 853
-
5 670
-
total
3 576
-
8 710
-
Corporate
61 376
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.

55 239
74 250
-
-
total
55 239
74 250
-
-
Dividends
6 138
8 250
-
-
withholding
1 166
1 568
-
-
total
1 166
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 373
75 818
37 974
26 073
After tax
16 127
6 682
44 526
56 427
Living cost
11 155
11 155
11 155
11 155
Free-cash
4 972
-4 473
33 371
45 272

Estimated living cost  is ₴11155 per week

₴8120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24133
₴32541
₴34684
₴33643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 057
national
-
-
-
12 476
municipal
-
-
-
14 659
total
-
-
-
28 192
Employee
26 892
-
69 403
-
municipal
4 405
-
11 308
-
national
444
-
7 757
-
pensions
1 815
-
4 685
-
health
201
-
856
-
unemployment
404
-
1 041
-
total
7 269
-
25 647
-
Employer
26 892
-
69 403
-
unemployment
175
-
451
-
health
207
-
534
-
accident
27
-
70
-
pensions
4 666
-
12 041
-
total
5 075
-
13 096
-
Corporate
50 534
82 500
-
-
income
10 106
16 500
-
-
total
10 106
16 500
-
-
Dividends

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

30 321
49 500
-
-
national
1 325
4 925
-
-
municipal
5 458
8 910
-
-
total
6 783
13 835
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 233
30 335
38 743
28 192
After tax
53 267
52 165
43 757
54 308
Living cost
19 624
19 624
19 624
19 624
Free-cash
33 643
32 541
24 133
34 684

Estimated living cost  is ₴19624 per week

₴12818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44186
₴48377
₴44932
₴45593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 270
health
-
-
-
2 104
income
-
-
-
15 360
total
-
-
-
25 734
Employee
39 304
39 304
76 681
-
social contributions
1 486
3 262
4 400
-
income
4 280
3 638
14 958
-
health
305
668
1 304
-
total
6 071
7 568
20 662
-
Employer
39 304
39 304
76 681
-
health
331
727
1 418
-
social contributions
1 486
3 262
4 400
-
total
1 817
3 989
5 818
-
Corporate
62 779
39 206
-
-
income
7 847
4 900
-
-
total
7 847
4 900
-
-
Dividends
54 931
34 306
-
-
withholding
9 338
5 832
-
-
total
9 338
5 832
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 073
22 289
26 480
25 734
After tax
57 427
60 211
56 020
56 766
Living cost
11 834
11 834
11 834
11 834
Free-cash
45 593
48 377
44 186
44 932

Estimated living cost  is ₴11834 per week

₴7093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3319
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50688
₴60203
₴60938
₴57604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 850
income
-
-
-
8 331
pensions
-
-
-
3 251
unemployment
-
-
-
15
total
-
-
-
13 447
Employee

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

11 732
-
77 505
-
income
802
-
7 064
-
pensions
1 760
-
7 275
-
health
997
-
4 122
-
unemployment
58
-
242
-
total
3 617
-
18 703
-
Employer

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

11 732
-
77 505
-
unemployment
58
-
242
-
health
504
-
2 085
-
pensions
645
-
2 667
-
total
1 207
-
4 994
-
Corporate
69 560
82 500
-
-
income
6 260
7 425
-
-
total
6 260
7 425
-
-
Dividends
63 300
75 075
-
-
withholding
5 697
6 757
-
-
total
5 697
6 757
-
-
Income
82 500
82 500
82 500
82 500
Total tax
16 781
14 182
23 697
13 447
After tax
65 719
68 318
58 803
69 053
Living cost
8 115
8 115
8 115
8 115
Free-cash
57 604
60 203
50 688
60 938

Estimated living cost  is ₴8115 per week

₴5178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
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.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30183
₴41026
₴32326
₴38770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
21 904
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
36 118
Employee
18 900
-
67 396
-
income
3 644
-
20 149
-
other
18
-
48
-
pensions
889
-
2 227
-
unemployment
293
-
734
-
total
4 844
-
23 158
-
Employer
18 900
-
67 396
-
other
151
-
379
-
unemployment
1 040
-
2 605
-
accident
374
-
938
-
pensions
4 460
-
11 181
-
total
6 025
-
15 103
-
Corporate
57 575
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.

8 636
12 375
-
-
total
8 636
12 375
-
-
Dividends
48 939
70 125
-
-
withholding
10 169
15 043
-
-
total
10 169
15 043
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 674
27 418
38 261
36 118
After tax
52 826
55 082
44 239
46 382
Living cost
14 056
14 056
14 056
14 056
Free-cash
38 770
41 026
30 183
32 326

Estimated living cost  is ₴14056 per week

₴9487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴52060
₴50536
₴52126
₴50381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
499
income
-
-
-
28 242
pensions
-
-
-
689
total
-
-
-
29 430
Employee
1 438
-
81 725
-
income
278
-
28 205
-
pensions
129
-
310
-
health
72
-
172
-
unemployment
14
-
34
-
total
493
-
28 721
-
Employer
1 438
-
81 725
-
unemployment
29
-
69
-
health
137
-
327
-
pensions
158
-
379
-
total
324
-
775
-
Corporate
80 739
82 500
-
-
income
17 763
18 150
-
-
total
17 763
18 150
-
-
Dividends
62 976
64 350
-
-
withholding
12 595
12 870
-
-
total
12 595
12 870
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 175
31 020
29 496
29 430
After tax
51 325
51 480
53 004
53 070
Living cost
944
944
944
944
Free-cash
50 381
50 536
52 060
52 126

Estimated living cost  is ₴944 per week

₴561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴285
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40917
₴50777
₴40917
₴48264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 886
income
-
-
-
18 492
pensions
-
-
-
9 810
unemployment
-
-
-
566
total
-
-
-
32 754
Employee

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

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

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

13 313
-
75 746
-
income
1 835
-
18 492
-
pensions
1 864
-
5 282
-
health
686
-
1 943
-
unemployment
100
-
283
-
total
4 485
-
26 000
-
Employer

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

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

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

13 313
-
75 746
-
unemployment
100
-
283
-
health
686
-
1 943
-
pensions
1 598
-
4 528
-
total
2 384
-
6 754
-
Corporate
66 803
82 500
-
-
income
10 021
12 375
-
-
total
10 021
12 375
-
-
Dividends
56 783
70 125
-
-
withholding
8 517
10 519
-
-
total
8 517
10 519
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 407
22 894
32 754
32 754
After tax
57 093
59 606
49 746
49 746
Living cost
8 829
8 829
8 829
8 829
Free-cash
48 264
50 777
40 917
40 917

Estimated living cost  is ₴8829 per week

₴5945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴683
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.
₴1946
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24632
₴33146
₴30683
₴32964
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
28 669
income
-
-
-
9 368
surtax
-
-
-
-
total
-
-
-
38 037
Employee
19 839
-
66 667
-
surtax
-
-
-
-
social contributions
2 182
-
7 333
-
income
3 876
-
20 922
-
total
6 058
-
28 255
-
Employer
19 839
-
66 667
-
social contributions
4 711
-
15 833
-
total
4 711
-
15 833
-
Corporate
57 950
82 500
-
-
surtax
-
-
-
-
income
12 169
17 325
-
-
total
12 169
17 325
-
-
Dividends
45 781
65 175
-
-
withholding
12 818
18 249
-
-
total
12 818
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 756
35 574
44 088
38 037
After tax
46 744
46 926
38 412
44 463
Living cost
13 780
13 780
13 780
13 780
Free-cash
32 964
33 146
24 632
30 683

Estimated living cost  is ₴13780 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26275
₴37118
₴28418
₴33653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
21 904
pensions
-
-
-
13 407
unemployment
-
-
-
332
total
-
-
-
36 118
Employee
24 686
-
67 396
-
income
5 156
-
20 149
-
other
24
-
48
-
pensions
1 160
-
2 227
-
unemployment
382
-
734
-
total
6 722
-
23 158
-
Employer
24 686
-
67 396
-
other
198
-
379
-
unemployment
1 358
-
2 605
-
accident
489
-
938
-
pensions
5 826
-
11 181
-
total
7 871
-
15 103
-
Corporate
49 944
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.

7 491
12 375
-
-
total
7 491
12 375
-
-
Dividends
42 453
70 125
-
-
withholding
8 799
15 043
-
-
total
8 799
15 043
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 883
27 418
38 261
36 118
After tax
51 617
55 082
44 239
46 382
Living cost
17 964
17 964
17 964
17 964
Free-cash
33 653
37 118
26 275
28 418

Estimated living cost  is ₴17964 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3413
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴59846
₴61822
₴56684
₴58734
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 035
income
-
-
-
12 375
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
17 100
Employee
11 542
-
79 028
-
income
1 154
-
7 903
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 013
-
1 554
-
health
531
-
814
-
total
2 825
-
10 466
-
Employer
11 542
-
79 028
-
unemployment
69
-
106
-
health
796
-
1 221
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 950
-
total
2 264
-
3 472
-
Corporate
68 694
82 500
-
-
income
6 870
8 250
-
-
total
6 870
8 250
-
-
Dividends
61 824
74 250
-
-
withholding
3 091
3 712
-
-
total
3 091
3 712
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 050
11 962
13 938
17 100
After tax
67 450
70 538
68 562
65 400
Living cost
8 716
8 716
8 716
8 716
Free-cash
58 734
61 822
59 846
56 684

Estimated living cost  is ₴8716 per week

₴5765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2245
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33251
₴22736
₴24823
₴29425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 492
income

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

-
-
-
24 666
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.

-
-
-
1 357
trade
-
-
-
8 428
total
-
-
-
37 943
Employee

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

25 432
-
82 500
-
surtax

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

115
-
1 357
-
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.

2 091
-
24 666
-
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.

3 492
-
3 492
-
total
5 698
-
29 515
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 068
82 500
-
-
chamber of commerce
161
199
-
-
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.

470
681
-
-
trade
8 190
11 839
-
-
income
8 560
12 375
-
-
total
17 381
25 094
-
-
Dividends
39 686
57 406
-
-
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.

535
779
-
-
withholding
9 727
14 157
-
-
total
10 262
14 936
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 341
40 030
29 515
37 943
After tax
49 159
42 470
52 985
44 557
Living cost
19 734
19 734
19 734
19 734
Free-cash
29 425
22 736
33 251
24 823

Estimated living cost  is ₴19734 per week

₴13613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
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.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15243
₴28633
₴15243
₴29760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 551
social contributions
-
-
-
13 589
total
-
-
-
38 140
Employee
39 983
-
82 500
-
income
7 545
-
24 551
-
social contributions
3 322
-
13 589
-
total
10 867
-
38 140
-
Employer
39 983
-
82 500
-
total
-
-
-
-
Corporate
42 517
82 500
-
-
income
5 315
10 313
-
-
total
5 315
10 313
-
-
Dividends
37 203
72 187
-
-
withholding
7 441
14 437
-
-
total
7 441
14 437
-
-
Income
82 500
82 500
82 500
82 500
Total tax
23 623
24 750
38 140
38 140
After tax
58 877
57 750
44 360
44 360
Living cost
29 117
29 117
29 117
29 117
Free-cash
29 760
28 633
15 243
15 243

Estimated living cost  is ₴29117 per week

₴22152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40564
₴32370
₴46234
₴34157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 550
health

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

-
-
-
3 161
total
-
-
-
17 711
Employee
23 448
-
80 149
-
income
2 544
-
18 679
-
social contributions
2 349
-
2 351
-
total
4 893
-
21 030
-
Employer
23 448
-
80 149
-
social contributions
2 349
-
2 351
-
total
2 349
-
2 351
-
Corporate
56 703
82 500
-
-
income
19 846
28 875
-
-
total
19 846
28 875
-
-
Dividends
36 857
53 625
-
-
social contributions
2 700
2 700
-
-
total
2 700
2 700
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 788
31 575
23 381
17 711
After tax
52 712
50 925
59 119
64 789
Living cost
18 555
18 555
18 555
18 555
Free-cash
34 157
32 370
40 564
46 234

Estimated living cost  is ₴18555 per week

₴12222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Sliema model

Close
Edinburgh , United Kingdom
₴28927
₴35939
₴36431
₴38930
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
22 891
pensions
-
-
-
4 415
total
-
-
-
27 306
Employee
25 755
-
72 128
-
income
4 690
-
17 888
-
health
336
-
1 072
-
pensions
1 966
-
5 478
-
total
6 992
-
24 438
-
Employer
25 755
-
72 128
-
health
489
-
1 371
-
pensions
2 602
-
9 001
-
total
3 091
-
10 372
-
Corporate
53 653
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.

10 194
15 675
-
-
total
10 194
15 675
-
-
Dividends
43 459
66 825
-
-
withholding
4 530
12 123
-
-
total
4 530
12 123
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 807
27 798
34 810
27 306
After tax
57 693
54 702
47 690
55 194
Living cost
18 763
18 763
18 763
18 763
Free-cash
38 930
35 939
28 927
36 431

Estimated living cost  is ₴18763 per week

₴12872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3930
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32267
-₴5577
₴44168
₴4803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
191
health
-
-
-
1 122
accident
-
-
-
130
income
-
-
-
22 489
pensions
-
-
-
2 141
total
-
-
-
26 073
Employee
19 284
-
73 790
-
income
2 646
-
16 889
-
pensions
2 171
-
3 926
-
health
2 208
-
8 449
-
total
7 025
-
29 264
-
Employer
19 284
-
73 790
-
unemployment
472
-
1 808
-
accident
322
-
1 232
-
pensions
3 136
-
5 670
-
total
3 930
-
8 710
-
Corporate
59 286
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.

53 357
74 250
-
-
total
53 357
74 250
-
-
Dividends
5 929
8 250
-
-
withholding
1 126
1 568
-
-
total
1 126
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
65 438
75 818
37 974
26 073
After tax
17 062
6 682
44 526
56 427
Living cost
12 259
12 259
12 259
12 259
Free-cash
4 803
-5 577
32 267
44 168

Estimated living cost  is ₴12259 per week

₴8997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50878
₴62523
₴39643
₴60132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 489
health insurance
-
-
-
6 046
work injury
-
-
-
408
pensions
-
-
-
15 033
unemployment
-
-
-
980
total
-
-
-
35 956
Employee

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

11 041
-
82 500
-
income
1 104
-
13 489
-
work injury
55
-
204
-
health insurance
817
-
3 023
-
pensions
2 032
-
7 516
-
unemployment
132
-
490
-
total
4 140
-
24 722
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 459
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%.

715
825
-
-
total
715
825
-
-
Dividends
70 745
81 675
-
-
withholding
10 612
12 251
-
-
total
10 612
12 251
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 467
13 076
24 722
35 956
After tax
67 033
69 424
57 778
46 544
Living cost
6 900
6 900
6 900
6 900
Free-cash
60 132
62 523
50 878
39 643

Estimated living cost  is ₴6900 per week

₴4275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14909
₴23092
₴18530
₴20767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
19 955
regional
-
-
-
1 881
municipal
-
-
-
552
total
-
-
-
43 607
Employee
43 072
-
82 500
-
social contributions
14 524
-
27 819
-
municipal
257
-
492
-
national
7 279
-
17 249
-
regional
650
-
1 668
-
total
22 710
-
47 228
-
Employer
43 072
-
82 500
-
total
-
-
-
-
Corporate
39 428
82 500
-
-
nationa
9 463
19 800
-
-
municipal
1 900
3 977
-
-
total
11 363
23 777
-
-
Dividends
28 065
58 723
-
-
withholding
7 297
15 268
-
-
total
7 297
15 268
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 370
39 045
47 228
43 607
After tax
41 130
43 455
35 272
38 893
Living cost
20 363
20 363
20 363
20 363
Free-cash
20 767
23 092
14 909
18 530

Estimated living cost  is ₴20363 per week

₴14303
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.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4350
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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