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
₴31774
₴37485
₴28243
₴26106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 355
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.

-
-
-
3 500
income

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

-
-
-
24 644
trade
-
-
-
9 242
total
-
-
-
38 741
Employee

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

19 594
-
82 500
-
income

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

547
-
24 644
-
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
-
1 355
-
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.

3 500
-
3 500
-
total
4 077
-
29 499
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
62 906
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.

519
681
-
-
chamber of commerce
168
196
-
-
income
9 436
12 375
-
-
trade
9 908
12 994
-
-
total
20 031
26 246
-
-
Dividends
42 875
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.

578
763
-
-
withholding
10 524
13 869
-
-
total
11 102
14 632
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 210
40 878
29 499
38 741
After tax
47 290
41 622
53 001
43 759
Living cost
15 516
15 516
15 516
15 516
Free-cash
31 774
26 106
37 485
28 243

Estimated living cost  is ₴15516 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22707
₴21303
₴20656
₴23180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
13 831
pensions
-
-
-
9 900
municipal
-
-
-
8 926
social contributions
-
-
-
887
total
-
-
-
33 544
Employee
43 870
-
71 321
-
pensions
1 755
-
2 853
-
national
8 397
-
14 326
-
municipal
5 419
-
9 245
-
total
15 571
-
26 424
-
Employer
43 870
-
71 321
-
social contributions
472
-
767
-
pensions
3 510
-
5 706
-
total
3 982
-
6 473
-
Corporate
31 754
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%.

6 351
16 500
-
-
total
6 351
16 500
-
-
Dividends
25 403
66 000
-
-
withholding
5 589
14 520
-
-
total
5 589
14 520
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 493
31 020
32 897
33 544
After tax
51 007
51 480
49 603
48 956
Living cost
28 300
28 300
28 300
28 300
Free-cash
22 707
23 180
21 303
20 656

Estimated living cost  is ₴28300 per week

₴19235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51139
₴38914
₴17147
₴55342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
21 037
income
-
-
-
14 030
microenterprise
-
-
-
-
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.

-
-
-
19 628
total
-
-
-
54 695
Employee
14 969
-
60 316
-
income
2 665
-
11 763
-
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.

1 647
-
6 635
-
total
4 312
-
18 398
-
Employer
14 969
-
60 316
-
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.

3 606
-
14 530
-
surtax
-
-
-
-
total
3 606
-
14 530
-
Corporate
63 925
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%.

12 785
16 500
-
-
total
12 785
16 500
-
-
Dividends

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

51 141
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
20 703
16 500
32 928
54 695
After tax
61 797
66 000
49 572
27 805
Living cost
10 658
10 658
10 658
10 658
Free-cash
51 139
55 342
38 914
17 147

Estimated living cost  is ₴10658 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
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.
₴2601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16131
₴29244
₴24625
₴19269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 002
health
-
-
-
6 317
income
-
-
-
24 096
total
-
-
-
36 415
Employee
43 746
43 746
72 980
-
income

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

7 161
7 161
9 956
-
pensions
7 874
6 002
6 002
-
health
6 715
5 711
6 317
-
total
21 750
18 874
22 275
-
Employer
43 746
43 746
72 980
-
unemployment
1 575
1 575
1 957
-
health
3 041
3 041
3 779
-
pensions
3 045
3 045
3 785
-
total
7 661
7 661
9 521
-
Corporate
31 630
31 093
-
-
income
6 326
6 219
-
-
total
6 326
6 219
-
-
Dividends
25 304
24 874
-
-
income
5 377
5 286
-
-
withholding
3 795
3 731
-
-
total
9 172
9 017
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 909
41 771
31 796
36 415
After tax
37 591
40 729
50 704
46 085
Living cost
21 460
21 460
21 460
21 460
Free-cash
16 131
19 269
29 244
24 625

Estimated living cost  is ₴21460 per week

₴15208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24196
₴21941
₴22435
₴24653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
5 985
pensions
-
-
-
4 831
health
-
-
-
2 789
municipal
-
-
-
20 741
other
-
-
-
5 193
total
-
-
-
39 673
Employee
29 057
-
68 458
-
national
-
-
5 711
-
municipal
8 665
-
20 414
-
total
8 665
-
26 125
-
Employer
29 057
-
68 458
-
accident
58
-
89
-
unemployment
767
-
1 180
-
health
1 787
-
2 749
-
pensions
3 141
-
4 831
-
other
3 376
-
5 193
-
total
9 129
-
14 042
-
Corporate
44 313
82 500
-
-
income
9 749
18 150
-
-
total
9 749
18 150
-
-
Dividends
34 564
64 350
-
-
withholding
10 369
19 305
-
-
total
10 369
19 305
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 912
37 455
40 167
39 673
After tax
44 588
45 045
42 333
42 827
Living cost
20 392
20 392
20 392
20 392
Free-cash
24 196
24 653
21 941
22 435

Estimated living cost  is ₴20392 per week

₴13515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28273
₴32877
₴23224
₴21075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 355
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.

-
-
-
3 500
income

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

-
-
-
24 644
trade
-
-
-
9 653
total
-
-
-
39 152
Employee

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

25 979
-
82 500
-
income

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

2 232
-
24 644
-
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
-
1 355
-
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.

3 500
-
3 500
-
total
5 854
-
29 499
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 521
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.

467
681
-
-
chamber of commerce
158
195
-
-
income
8 478
12 375
-
-
trade
9 298
13 571
-
-
total
18 401
26 822
-
-
Dividends
38 121
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.

513
754
-
-
withholding
9 335
13 725
-
-
total
9 848
14 479
-
-
Income
82 500
82 500
82 500
82 500
Total tax
34 103
41 301
29 499
39 152
After tax
48 397
41 199
53 001
43 348
Living cost
20 124
20 124
20 124
20 124
Free-cash
28 273
21 075
32 877
23 224

Estimated living cost  is ₴20124 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
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.
₴4242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41470
₴39413
₴40160
₴43594
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 104
income
-
-
-
15 332
social contributions
-
-
-
8 288
total
-
-
-
25 724
Employee
39 392
39 392
76 672
-
income
4 136
3 647
14 929
-
social contributions
1 914
3 269
4 410
-
health
392
670
1 304
-
total
6 442
7 586
20 643
-
Employer
39 392
39 392
76 672
-
social contributions
1 914
3 269
4 410
-
health
427
729
1 418
-
total
2 341
3 998
5 828
-
Corporate
57 101
39 110
-
-
income
7 137
4 889
-
-
total
7 137
4 889
-
-
Dividends
49 963
34 221
-
-
withholding
8 494
5 817
-
-
total
8 494
5 817
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 414
22 290
26 471
25 724
After tax
58 086
60 210
56 029
56 776
Living cost
16 616
16 616
16 616
16 616
Free-cash
41 470
43 594
39 413
40 160

Estimated living cost  is ₴16616 per week

₴11359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3681
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36639
₴37883
₴47209
₴36431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
1 238
pensions
-
-
-
8 250
health
-
-
-
5 775
income
-
-
-
10 086
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.

14 351
5 711
69 038
-
income
1 754
698
8 440
-
pensions
1 435
571
6 904
-
unemployment
215
86
1 036
-
health
1 005
400
4 833
-
total
4 409
1 755
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.

14 351
5 711
69 038
-
pensions
2 798
1 114
13 462
-
total
2 798
1 114
13 462
-
Corporate
65 351
75 675
-
-
income
5 882
6 811
-
-
total
5 882
6 811
-
-
Dividends
59 469
68 864
-
-
social contributions
11 531
13 363
-
-
withholding
11 299
13 084
-
-
total
22 830
26 447
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 919
36 127
34 675
25 349
After tax
46 581
46 373
47 825
57 151
Living cost
9 942
9 942
9 942
9 942
Free-cash
36 639
36 431
37 883
47 209

Estimated living cost  is ₴9942 per week

₴6784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50444
₴35179
₴31847
₴53627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
16 500
health
-
-
-
10 725
income
-
-
-
11 055
total
-
-
-
38 280
Employee
14 533
-
61 659
-
income
1 636
-
11 887
-
pensions
291
-
1 234
-
unemployment
232
-
987
-
total
2 159
-
14 108
-
Employer
14 533
-
61 659
-
unemployment
117
-
493
-
health
1 889
-
8 015
-
pensions
2 907
-
12 332
-
total
4 913
-
20 840
-
Corporate
63 055
82 500
-
-
income
12 611
16 500
-
-
total
12 611
16 500
-
-
Dividends
50 445
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
19 683
16 500
34 948
38 280
After tax
62 817
66 000
47 552
44 220
Living cost
12 373
12 373
12 373
12 373
Free-cash
50 444
53 627
35 179
31 847

Estimated living cost  is ₴12373 per week

₴8487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
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.
₴2901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4985
₴33534
₴45354
-₴4383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
22 578
other
-
-
-
186
total
-
-
-
26 081
Employee
17 405
-
73 914
-
income
2 388
-
17 015
-
pensions
1 960
-
3 837
-
health
1 993
-
8 463
-
total
6 341
-
29 315
-
Employer
17 405
-
73 914
-
accident
291
-
1 234
-
unemployment
426
-
1 811
-
pensions
2 830
-
5 541
-
total
3 547
-
8 586
-
Corporate
61 548
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.

55 393
74 250
-
-
total
55 393
74 250
-
-
Dividends
6 155
8 250
-
-
withholding
1 169
1 568
-
-
total
1 169
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 450
75 818
37 901
26 081
After tax
16 050
6 682
44 599
56 419
Living cost
11 065
11 065
11 065
11 065
Free-cash
4 985
-4 383
33 534
45 354

Estimated living cost  is ₴11065 per week

₴8109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴73020
₴61490
₴77165
₴73865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 637
-
82 500
-
income
1 127
-
16 500
-
total
1 127
-
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%.

76 863
82 500
-
-
total
-
-
-
-
Dividends
76 863
82 500
-
-
withholding
3 843
4 125
-
-
total
3 843
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
4 970
4 125
16 500
825
After tax
77 530
78 375
66 000
81 675
Living cost
4 510
4 510
4 510
4 510
Free-cash
73 020
73 865
61 490
77 165

Estimated living cost  is ₴4510 per week

₴2795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1216
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43502
₴33294
₴31025
₴46963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
18 696
health
-
-
-
3 428
income
-
-
-
12 001
other
-
-
-
3 700
total
-
-
-
37 825
Employee
18 600
-
65 894
-
income
3 202
-
12 757
-
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.

1 302
-
4 612
-
unemployment
186
-
659
-
health
261
-
923
-
total
4 951
-
18 951
-
Employer
18 600
-
65 894
-
accident
149
-
527
-
unemployment
186
-
659
-
health
261
-
923
-
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.

3 162
-
11 201
-
other
930
-
3 295
-
total
4 688
-
16 605
-
Corporate
59 212
82 500
-
-
income
12 435
17 325
-
-
total
12 435
17 325
-
-
Dividends
46 777
65 175
-
-
withholding
3 274
4 562
-
-
total
3 274
4 562
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 348
21 887
35 556
37 825
After tax
57 152
60 613
46 944
44 675
Living cost
13 650
13 650
13 650
13 650
Free-cash
43 502
46 963
33 294
31 025

Estimated living cost  is ₴13650 per week

₴9645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19958
₴13140
₴20657
₴20245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 492
income
-
-
-
22 628
total
-
-
-
27 120
Employee
49 127
-
72 151
-
income
8 856
-
17 617
-
pensions
4 739
-
5 590
-
health
810
-
1 081
-
total
14 405
-
24 288
-
Employer
49 127
-
72 151
-
health
933
-
1 371
-
pensions
5 801
-
8 978
-
total
6 734
-
10 349
-
Corporate
26 639
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.

5 062
15 675
-
-
total
5 062
15 675
-
-
Dividends
21 577
66 825
-
-
withholding
1 618
11 857
-
-
total
1 618
11 857
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 819
27 532
34 637
27 120
After tax
54 681
54 968
47 863
55 380
Living cost
34 723
34 723
34 723
34 723
Free-cash
19 958
20 245
13 140
20 657

Estimated living cost  is ₴34723 per week

₴26018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61153
₴61386
₴58265
₴63608
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
12 375
total
-
-
-
17 305
Employee
9 177
-
78 878
-
income
918
-
7 888
-
pensions

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

806
-
1 621
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
health
422
-
849
-
total
2 247
-
10 561
-
Employer
9 177
-
78 878
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
unemployment
55
-
111
-
health
633
-
1 274
-
pensions

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

1 011
-
2 035
-
total
1 800
-
3 623
-
Corporate
71 522
82 500
-
-
income
7 152
8 250
-
-
total
7 152
8 250
-
-
Dividends
64 370
74 250
-
-
withholding
3 218
3 712
-
-
total
3 218
3 712
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 417
11 962
14 184
17 305
After tax
68 083
70 538
68 316
65 195
Living cost
6 930
6 930
6 930
6 930
Free-cash
61 153
63 608
61 386
58 265

Estimated living cost  is ₴6930 per week

₴4046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13612
₴22297
₴17678
₴12322
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 002
health
-
-
-
6 317
income
-
-
-
24 096
total
-
-
-
36 415
Employee
47 495
43 746
72 980
-
income

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

7 161
7 161
9 956
-
pensions
6 002
6 002
6 002
-
health
5 925
5 711
6 317
-
total
19 088
18 874
22 275
-
Employer
47 495
43 746
72 980
-
unemployment
1 710
1 575
1 957
-
health
3 300
3 041
3 779
-
pensions
3 305
3 045
3 785
-
total
8 315
7 661
9 521
-
Corporate
26 690
31 093
-
-
income
5 338
6 219
-
-
total
5 338
6 219
-
-
Dividends
21 352
24 874
-
-
income
4 537
5 286
-
-
withholding
3 203
3 731
-
-
total
7 740
9 017
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 481
41 771
31 796
36 415
After tax
42 019
40 729
50 704
46 085
Living cost
28 407
28 407
28 407
28 407
Free-cash
13 612
12 322
22 297
17 678

Estimated living cost  is ₴28407 per week

₴20955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39624
₴29204
₴32511
₴44140
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 138
solidarity contribution
-
-
-
-
income
-
-
-
7 971
social contributions
-
-
-
18 219
total
-
-
-
37 328
Employee
18 620
-
61 567
-
solidarity contribution
-
-
-
-
income
2 234
-
7 388
-
social contributions
1 210
-
4 002
-
health
2 514
-
8 312
-
total
5 958
-
19 702
-
Employer
18 620
-
61 567
-
social contributions
4 655
-
15 392
-
health
1 676
-
5 541
-
total
6 331
-
20 933
-
Corporate
57 550
82 500
-
-
income
10 934
15 675
-
-
total
10 934
15 675
-
-
Dividends
46 615
66 825
-
-
withholding
6 992
10 024
-
-
total
6 992
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 215
25 699
40 635
37 328
After tax
52 285
56 801
41 865
45 172
Living cost
12 661
12 661
12 661
12 661
Free-cash
39 624
44 140
29 204
32 511

Estimated living cost  is ₴12661 per week

₴8795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
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.
₴2717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19726
₴14538
₴18265
₴22400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
19 944
regional
-
-
-
966
municipal
-
-
-
490
social contributions
-
-
-
21 219
total
-
-
-
42 619
Employee
45 528
-
82 500
-
regional
430
-
852
-
national
7 889
-
17 238
-
social contributions
15 352
-
27 819
-
municipal
241
-
437
-
total
23 912
-
46 346
-
Employer
45 528
-
82 500
-
total
-
-
-
-
Corporate
36 972
82 500
-
-
nationa
8 874
19 800
-
-
municipal
1 442
3 218
-
-
total
10 316
23 018
-
-
Dividends
26 657
59 483
-
-
withholding
6 930
15 466
-
-
total
6 930
15 466
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 158
38 484
46 346
42 619
After tax
41 342
44 016
36 154
39 881
Living cost
21 616
21 616
21 616
21 616
Free-cash
19 726
22 400
14 538
18 265

Estimated living cost  is ₴21616 per week

₴15068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38994
₴24654
₴27838
₴40588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
117
surtax
-
-
-
3 172
pensions
-
-
-
13 674
health
-
-
-
4 854
income
-
-
-
21 541
other
-
-
-
-
total
-
-
-
43 358
Employee
16 941
-
68 154
-
other
-
-
-
-
income
2 840
-
18 513
-
pensions
1 130
-
4 546
-
surtax
55
-
2 657
-
unemployment
1 179
-
4 743
-
health
433
-
1 737
-
total
5 637
-
32 196
-
Employer
16 941
-
68 154
-
unemployment
537
-
2 160
-
health
771
-
3 101
-
pensions
2 258
-
9 085
-
other
-
-
-
-
total
3 566
-
14 346
-
Corporate
61 993
82 500
-
-
income
16 118
21 450
-
-
total
16 118
21 450
-
-
Dividends
45 875
61 050
-
-
withholding
6 881
9 158
-
-
total
6 881
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 202
30 608
46 542
43 358
After tax
50 298
51 892
35 958
39 142
Living cost
11 304
11 304
11 304
11 304
Free-cash
38 994
40 588
24 654
27 838

Estimated living cost  is ₴11304 per week

₴6912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34005
₴24141
₴31658
₴31246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 492
income
-
-
-
22 628
total
-
-
-
27 120
Employee
32 924
-
72 151
-
income
5 930
-
17 617
-
pensions
2 795
-
5 590
-
health
478
-
1 081
-
total
9 203
-
24 288
-
Employer
32 924
-
72 151
-
health
625
-
1 371
-
pensions
3 564
-
8 978
-
total
4 189
-
10 349
-
Corporate
45 387
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.

8 624
15 675
-
-
total
8 624
15 675
-
-
Dividends
36 763
66 825
-
-
withholding
2 757
11 857
-
-
total
2 757
11 857
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 773
27 532
34 637
27 120
After tax
57 727
54 968
47 863
55 380
Living cost
23 722
23 722
23 722
23 722
Free-cash
34 005
31 246
24 141
31 658

Estimated living cost  is ₴23722 per week

₴17772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
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.
₴3923
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14506
₴22757
₴26765
-₴2857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
1 069
pensions
-
-
-
7 590
health
-
-
-
186
regional
-
-
-
3 789
city
-
-
-
869
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
total
-
-
-
15 153
Employee
47 492
-
73 843
-
pensions
3 990
-
6 203
-
regional
1 555
-
3 275
-
national
225
-
878
-
unemployment
-
-
-
-
health
107
-
166
-
city
510
-
793
-
total
6 387
-
11 315
-
Employer
47 492
-
73 843
-
unemployment
-
-
-
-
health
107
-
166
-
pensions
3 990
-
6 203
-
other

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

950
-
1 477
-
total
5 047
-
7 846
-
Corporate
29 439
82 500
-
-
national
2 503
7 013
-
-
regional
6 227
17 448
-
-
total
8 730
24 461
-
-
Dividends
20 710
58 039
-
-
withholding
7 248
20 314
-
-
total
7 248
20 314
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 412
44 775
19 161
15 153
After tax
55 088
37 725
63 339
67 347
Living cost
40 582
40 582
40 582
40 582
Free-cash
14 506
-2 857
22 757
26 765

Estimated living cost  is ₴40582 per week

₴26390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴498
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25613
₴29533
₴19469
₴17306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 355
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.

-
-
-
3 500
income

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

-
-
-
24 644
trade
-
-
-
10 064
total
-
-
-
39 563
Employee

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

30 787
-
82 500
-
income

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

3 620
-
24 644
-
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
-
1 355
-
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.

3 500
-
3 500
-
total
7 319
-
29 499
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
51 713
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.

427
681
-
-
chamber of commerce
151
193
-
-
income
7 757
12 375
-
-
trade
8 869
14 149
-
-
total
17 204
27 398
-
-
Dividends
34 510
55 102
-
-
surtax

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

464
747
-
-
withholding
8 432
13 581
-
-
total
8 896
14 328
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 419
41 726
29 499
39 563
After tax
49 081
40 774
53 001
42 937
Living cost
23 468
23 468
23 468
23 468
Free-cash
25 613
17 306
29 533
19 469

Estimated living cost  is ₴23468 per week

₴17140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1877
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.
₴4146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27079
₴28674
₴29088
₴24053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
15 448
health
-
-
-
3 247
income
-
-
-
12 281
social contributions
-
-
-
2 351
other
-
-
-
2 558
total
-
-
-
35 885
Employee
21 925
-
64 358
-
income
1 294
-
12 063
-
pensions
2 479
-
4 264
-
surtax
-
-
-
-
social contributions
625
-
1 833
-
total
4 398
-
18 160
-
Employer
21 925
-
64 358
-
unemployment
888
-
2 606
-
social contributions
66
-
193
-
health
1 535
-
5 704
-
pensions
3 602
-
7 216
-
other
756
-
2 420
-
total
6 847
-
18 139
-
Corporate
53 729
82 500
-
-
surtax
-
-
-
-
income
15 044
23 100
-
-
total
15 044
23 100
-
-
Dividends
38 685
59 400
-
-
surtax
-
-
-
-
social contributions
6 653
10 217
-
-
withholding
4 952
7 603
-
-
total
11 605
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 894
40 920
36 299
35 885
After tax
44 606
41 580
46 201
46 615
Living cost
17 527
17 527
17 527
17 527
Free-cash
27 079
24 053
28 674
29 088

Estimated living cost  is ₴17527 per week

₴11051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
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.
₴4753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴28637
₴30411
₴30825
₴25790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
15 448
health
-
-
-
3 247
income
-
-
-
12 281
social contributions
-
-
-
2 351
other
-
-
-
2 558
total
-
-
-
35 885
Employee
19 571
-
64 358
-
income
1 009
-
12 063
-
pensions
2 214
-
4 264
-
surtax
-
-
-
-
social contributions
558
-
1 833
-
total
3 781
-
18 160
-
Employer
19 571
-
64 358
-
unemployment
792
-
2 606
-
social contributions
58
-
193
-
health
1 370
-
5 704
-
pensions
3 216
-
7 216
-
other
676
-
2 420
-
total
6 112
-
18 139
-
Corporate
56 817
82 500
-
-
surtax
-
-
-
-
income
15 909
23 100
-
-
total
15 909
23 100
-
-
Dividends
40 908
59 400
-
-
surtax
-
-
-
-
social contributions
7 035
10 217
-
-
withholding
5 236
7 603
-
-
total
12 271
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 073
40 920
36 299
35 885
After tax
44 427
41 580
46 201
46 615
Living cost
15 790
15 790
15 790
15 790
Free-cash
28 637
25 790
30 411
30 825

Estimated living cost  is ₴15790 per week

₴9158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
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.
₴4729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39736
₴40644
₴42118
₴39470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 759
income
-
-
-
12 375
social contributions
-
-
-
11 385
total
-
-
-
29 519
Employee
17 369
-
82 500
-
income
2 897
-
13 849
-
social contributions
2 397
-
11 385
-
health
1 212
-
5 759
-
total
6 506
-
30 993
-
Employer
17 369
-
82 500
-
total
-
-
-
-
Corporate
65 131
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%.

3 257
4 125
-
-
total
3 257
4 125
-
-
Dividends
61 874
78 375
-
-
social contributions
8 538
10 816
-
-
withholding
9 281
11 756
-
-
health
4 319
5 470
-
-
total
22 138
28 042
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 901
32 167
30 993
29 519
After tax
50 599
50 333
51 507
52 981
Living cost
10 863
10 863
10 863
10 863
Free-cash
39 736
39 470
40 644
42 118

Estimated living cost  is ₴10863 per week

₴7270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2672
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26878
₴3659
₴24270
₴27672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 142
surtax
-
-
-
101
pensions
-
-
-
11 072
health
-
-
-
4 578
income
-
-
-
20 956
chamber of commerce
-
-
-
330
total
-
-
-
40 179
Employee
25 601
20 415
64 813
-
other
256
204
599
-
income
2 914
1 506
16 545
-
pensions
2 622
2 090
6 128
-
unemployment
768
612
1 796
-
health
991
790
2 316
-
total
7 551
5 202
27 384
-
Employer
25 601
20 415
64 813
-
chamber of commerce
102
82
260
-
surtax
101
101
101
-
accident
332
265
778
-
payroll
768
612
1 944
-
unemployment
768
612
1 796
-
health
967
772
2 262
-
pensions
3 213
2 563
7 511
-
other
1 216
969
3 036
-
total
7 467
5 976
17 688
-
Corporate
49 431
56 108
62 869
-
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.

12 358
14 027
15 718
-
total
12 358
14 027
15 718
-
Dividends
37 073
42 081
-
-
withholding
10 195
11 572
-
-
total
10 195
11 572
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 571
36 777
60 790
40 179
After tax
44 929
45 723
21 710
42 321
Living cost
18 051
18 051
18 051
18 051
Free-cash
26 878
27 672
3 659
24 270

Estimated living cost  is ₴18051 per week

₴12039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1540
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19794
₴10800
₴17039
₴27477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
29 827
communal

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

-
-
-
4 184
social contributions
-
-
-
12 772
total
-
-
-
46 783
Employee

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

36 644
-
63 898
-
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.

2 748
-
4 793
-
communal

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

1 911
-
3 333
-
national
11 266
-
22 736
-
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.

319
-
556
-
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.

1 722
-
3 003
-
total
17 966
-
34 421
-
Employer

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

36 644
-
63 898
-
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.

476
-
830
-
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.

535
-
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.

2 253
-
3 930
-
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.

3 247
-
5 662
-
surtax
4 155
-
7 246
-
total
10 666
-
18 601
-
Corporate
35 190
82 500
-
-
surtax
141
330
-
-
income
7 038
16 500
-
-
total
7 179
16 830
-
-
Dividends
28 011
65 670
-
-
withholding

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

8 217
19 515
-
-
total
8 217
19 515
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 028
36 345
53 022
46 783
After tax
38 472
46 155
29 478
35 717
Living cost
18 678
18 678
18 678
18 678
Free-cash
19 794
27 477
10 800
17 039

Estimated living cost  is ₴18678 per week

₴12031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32933
₴25736
₴27885
₴36585
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
332
accident
-
-
-
428
pensions
-
-
-
13 437
income
-
-
-
21 870
other
-
-
-
48
total
-
-
-
36 115
Employee
25 500
-
67 363
-
other
25
-
48
-
income
5 380
-
20 111
-
pensions
1 199
-
2 232
-
unemployment
396
-
736
-
total
7 000
-
23 127
-
Employer
25 500
-
67 363
-
accident
505
-
940
-
unemployment
1 403
-
2 611
-
pensions
6 018
-
11 206
-
other
203
-
380
-
total
8 129
-
15 137
-
Corporate
48 872
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.

7 331
12 375
-
-
total
7 331
12 375
-
-
Dividends
41 541
70 125
-
-
withholding
8 607
15 040
-
-
total
8 607
15 040
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 067
27 415
38 264
36 115
After tax
51 433
55 085
44 236
46 385
Living cost
18 500
18 500
18 500
18 500
Free-cash
32 933
36 585
25 736
27 885

Estimated living cost  is ₴18500 per week

₴13624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
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.
₴3298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14707
₴17104
₴13815
₴20887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
696
surtax
-
-
-
4 090
pensions
-
-
-
12 366
communal
-
-
-
5 214
health
-
-
-
5 797
income
-
-
-
12 683
total
-
-
-
40 846
Employee
38 794
-
73 693
-
income
3 747
-
15 058
-
pensions
3 103
-
5 895
-
surtax
2 378
-
4 517
-
health
1 727
-
3 280
-
total
10 955
-
28 750
-
Employer
38 794
-
73 693
-
accident
349
-
663
-
health
1 183
-
2 249
-
pensions
3 103
-
5 895
-
total
4 635
-
8 807
-
Corporate
39 070
82 500
-
-
surtax
410
866
-
-
communal
2 637
5 568
-
-
income
5 861
12 375
-
-
total
8 908
18 809
-
-
Dividends
30 162
63 690
-
-
income
10 932
5 412
-
-
withholding
4 524
9 553
-
-
total
15 456
14 965
-
-
Income
82 500
82 500
82 500
82 500
Total tax
39 954
33 774
37 557
40 846
After tax
42 546
48 726
44 943
41 654
Living cost
27 839
27 839
27 839
27 839
Free-cash
14 707
20 887
17 104
13 815

Estimated living cost  is ₴27839 per week

₴20884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
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.
₴4973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38758
₴24452
₴27636
₴40386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
117
surtax
-
-
-
3 172
pensions
-
-
-
13 674
health
-
-
-
4 854
income
-
-
-
21 541
other
-
-
-
-
total
-
-
-
43 358
Employee
17 252
-
68 154
-
other
-
-
-
-
income
2 892
-
18 513
-
pensions
1 151
-
4 546
-
surtax
61
-
2 657
-
unemployment
1 201
-
4 743
-
health
440
-
1 737
-
total
5 745
-
32 196
-
Employer
17 252
-
68 154
-
unemployment
547
-
2 160
-
health
785
-
3 101
-
pensions
2 300
-
9 085
-
other
-
-
-
-
total
3 632
-
14 346
-
Corporate
61 616
82 500
-
-
income
16 020
21 450
-
-
total
16 020
21 450
-
-
Dividends
45 596
61 050
-
-
withholding
6 839
9 158
-
-
total
6 839
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 236
30 608
46 542
43 358
After tax
50 264
51 892
35 958
39 142
Living cost
11 506
11 506
11 506
11 506
Free-cash
38 758
40 386
24 452
27 636

Estimated living cost  is ₴11506 per week

₴6947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴3293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28426
₴22096
₴25803
₴29564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
19 944
regional
-
-
-
1 244
municipal
-
-
-
490
social contributions
-
-
-
21 219
total
-
-
-
42 897
Employee
28 417
-
82 500
-
regional
383
-
1 110
-
national
4 502
-
17 238
-
social contributions
9 582
-
27 819
-
municipal
151
-
437
-
total
14 618
-
46 604
-
Employer
28 417
-
82 500
-
total
-
-
-
-
Corporate
54 083
82 500
-
-
nationa
12 980
19 800
-
-
municipal
2 688
4 100
-
-
total
15 668
23 900
-
-
Dividends
38 415
58 600
-
-
withholding
9 988
15 236
-
-
total
9 988
15 236
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 274
39 136
46 604
42 897
After tax
42 226
43 364
35 896
39 603
Living cost
13 800
13 800
13 800
13 800
Free-cash
28 426
29 564
22 096
25 803

Estimated living cost  is ₴13800 per week

₴8582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35635
₴26263
₴29570
₴41199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 138
solidarity contribution
-
-
-
-
income
-
-
-
7 971
social contributions
-
-
-
18 219
total
-
-
-
37 328
Employee
22 944
-
61 567
-
solidarity contribution
-
-
-
-
income
2 753
-
7 388
-
social contributions
1 491
-
4 002
-
health
3 097
-
8 312
-
total
7 341
-
19 702
-
Employer
22 944
-
61 567
-
social contributions
5 736
-
15 392
-
health
2 065
-
5 541
-
total
7 801
-
20 933
-
Corporate
51 755
82 500
-
-
income
9 833
15 675
-
-
total
9 833
15 675
-
-
Dividends
41 921
66 825
-
-
withholding
6 288
10 024
-
-
total
6 288
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 263
25 699
40 635
37 328
After tax
51 237
56 801
41 865
45 172
Living cost
15 602
15 602
15 602
15 602
Free-cash
35 635
41 199
26 263
29 570

Estimated living cost  is ₴15602 per week

₴11603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29178
₴5398
₴26079
₴29435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 142
surtax
-
-
-
-
pensions
-
-
-
11 072
health
-
-
-
4 578
income
-
-
-
20 956
chamber of commerce
-
-
-
330
total
-
-
-
40 078
Employee
22 393
20 415
64 907
-
other
224
204
599
-
income
1 995
1 506
16 585
-
pensions
2 293
2 090
6 128
-
unemployment
672
612
1 796
-
health
866
790
2 316
-
total
6 050
5 202
27 424
-
Employer
22 393
20 415
64 907
-
chamber of commerce
89
82
260
-
surtax
-
-
-
-
accident
291
265
778
-
payroll
672
612
1 947
-
unemployment
672
612
1 796
-
health
847
772
2 262
-
pensions
2 810
2 563
7 511
-
other
1 064
969
3 040
-
total
6 445
5 875
17 594
-
Corporate
53 663
56 209
62 963
-
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.

13 416
14 052
15 741
-
total
13 416
14 052
15 741
-
Dividends
40 247
42 157
-
-
withholding
11 068
11 593
-
-
total
11 068
11 593
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 979
36 722
60 759
40 078
After tax
45 521
45 778
21 741
42 422
Living cost
16 343
16 343
16 343
16 343
Free-cash
29 178
29 435
5 398
26 079

Estimated living cost  is ₴16343 per week

₴9804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
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.
₴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

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
₴70030
₴58973
₴74648
₴71348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 784
-
82 500
-
income
1 757
-
16 500
-
total
1 757
-
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%.

73 716
82 500
-
-
total
-
-
-
-
Dividends
73 716
82 500
-
-
withholding
3 686
4 125
-
-
total
3 686
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
5 443
4 125
16 500
825
After tax
77 057
78 375
66 000
81 675
Living cost
7 027
7 027
7 027
7 027
Free-cash
70 030
71 348
58 973
74 648

Estimated living cost  is ₴7027 per week

₴4755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
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.
₴1741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38777
₴24761
₴26948
₴43061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
123
pensions
-
-
-
15 066
health
-
-
-
8 117
income
-
-
-
18 506
total
-
-
-
41 812
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.

22 653
-
71 385
-
income
3 906
-
17 108
-
pensions
3 511
-
11 065
-
unemployment
32
-
100
-
health
1 463
-
4 611
-
total
8 912
-
32 884
-
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.

22 653
-
71 385
-
unemployment
14
-
43
-
health
1 509
-
4 754
-
pensions
2 005
-
6 318
-
total
3 528
-
11 115
-
Corporate
56 320
82 500
-
-
income
10 700
15 675
-
-
total
10 700
15 675
-
-
Dividends
45 620
66 825
-
-
withholding
6 843
10 024
-
-
total
6 843
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 983
25 699
43 999
41 812
After tax
52 517
56 801
38 501
40 688
Living cost
13 740
13 740
13 740
13 740
Free-cash
38 777
43 061
24 761
26 948

Estimated living cost  is ₴13740 per week

₴9430
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴456
₴51175
₴33008
₴26187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
16 081
social contributions
-
-
-
9 405
total
-
-
-
25 486
Employee
34 421
-
-
-
income
7 593
-
-
-
social contributions
2 823
-
402
-
total
10 416
-
402
-
Employer
34 421
-
-
-
social contributions
48 534
-
6 917
-
total
48 534
-
6 917
-
Corporate
-
82 500
-
-
income
-
18 150
-
-
total
-
18 150
-
-
Dividends
-
64 350
-
-
income
-
14 157
-
-
total
-
14 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
58 950
32 307
7 319
25 486
After tax
23 550
50 193
75 181
57 014
Living cost
24 006
24 006
24 006
24 006
Free-cash
-456
26 187
51 175
33 008

Estimated living cost  is ₴24006 per week

₴15576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30341
₴22357
₴28401
₴30858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
9 362
social contributions

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

-
-
-
28 669
total
-
-
-
38 031
Employee
23 561
-
66 667
-
income
4 901
-
20 909
-
surtax
-
-
-
-
social contributions
2 592
-
7 333
-
total
7 493
-
28 242
-
Employer
23 561
-
66 667
-
social contributions
5 596
-
15 833
-
total
5 596
-
15 833
-
Corporate
53 344
82 500
-
-
surtax
-
-
-
-
income
11 202
17 325
-
-
total
11 202
17 325
-
-
Dividends
42 142
65 175
-
-
withholding
11 800
18 249
-
-
total
11 800
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 091
35 574
44 075
38 031
After tax
46 409
46 926
38 425
44 469
Living cost
16 068
16 068
16 068
16 068
Free-cash
30 341
30 858
22 357
28 401

Estimated living cost  is ₴16068 per week

₴12022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
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.
₴2830
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20360
₴21459
₴21873
₴16838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
15 448
health
-
-
-
3 247
income
-
-
-
12 281
social contributions
-
-
-
2 351
other
-
-
-
2 558
total
-
-
-
35 885
Employee
32 085
-
64 358
-
income
2 799
-
12 063
-
pensions
3 629
-
4 264
-
surtax
-
-
-
-
social contributions
914
-
1 833
-
total
7 342
-
18 160
-
Employer
32 085
-
64 358
-
unemployment
1 300
-
2 606
-
social contributions
96
-
193
-
health
2 246
-
5 704
-
pensions
5 272
-
7 216
-
other
1 107
-
2 420
-
total
10 021
-
18 139
-
Corporate
40 394
82 500
-
-
surtax
-
-
-
-
income
11 310
23 100
-
-
total
11 310
23 100
-
-
Dividends
29 084
59 400
-
-
surtax
-
-
-
-
social contributions
5 003
10 217
-
-
withholding
3 722
7 603
-
-
total
8 725
17 820
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 398
40 920
36 299
35 885
After tax
45 102
41 580
46 201
46 615
Living cost
24 742
24 742
24 742
24 742
Free-cash
20 360
16 838
21 459
21 873

Estimated living cost  is ₴24742 per week

₴16745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57130
₴47819
₴45627
₴58851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 324
social contributions
-
-
-
18 150
total
-
-
-
21 474
Employee
16 469
-
71 429
-
income
-
-
3 568
-
social contributions
1 070
-
4 643
-
total
1 070
-
8 211
-
Employer
16 469
-
71 429
-
social contributions
2 553
-
11 071
-
total
2 553
-
11 071
-
Corporate
63 478
82 500
-
-
income
6 348
8 250
-
-
total
6 348
8 250
-
-
Dividends
57 130
74 250
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
9 971
8 250
19 282
21 474
After tax
72 529
74 250
63 218
61 026
Living cost
15 399
15 399
15 399
15 399
Free-cash
57 130
58 851
47 819
45 627

Estimated living cost  is ₴15399 per week

₴9957
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.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴28845
-₴28845
₴24479
-₴28845
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
9 439
pensions
-
-
-
443
municipal
-
-
-
16 962
labour market
-
-
-
6 565
total
-
-
-
33 409
Employee
103 880
103 880
103 880
-
labour market
8 299
8 299
8 299
-
pensions
148
148
148
-
national
12 691
12 691
12 691
-
municipal
22 121
22 121
22 121
-
total
43 259
43 259
43 259
-
Employer
103 880
103 880
103 880
-
labour market
8 310
8 310
8 310
-
national
12 713
12 713
12 713
-
municipal
22 156
22 156
22 156
-
pensions
295
295
295
-
total
43 474
43 474
43 474
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
86 733
86 733
86 733
33 409
After tax
-4 233
-4 233
-4 233
49 091
Living cost
24 612
24 612
24 612
24 612
Free-cash
-28 845
-28 845
-28 845
24 479

Estimated living cost  is ₴24612 per week

₴16845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5211
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5011
₴33698
₴45518
-₴4219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
22 578
other
-
-
-
186
total
-
-
-
26 081
Employee
17 149
-
73 914
-
income
2 353
-
17 015
-
pensions
1 931
-
3 837
-
health
1 964
-
8 463
-
total
6 248
-
29 315
-
Employer
17 149
-
73 914
-
accident
286
-
1 234
-
unemployment
420
-
1 811
-
pensions
2 788
-
5 541
-
total
3 494
-
8 586
-
Corporate
61 857
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.

55 671
74 250
-
-
total
55 671
74 250
-
-
Dividends
6 186
8 250
-
-
withholding
1 175
1 568
-
-
total
1 175
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 588
75 818
37 901
26 081
After tax
15 912
6 682
44 599
56 419
Living cost
10 901
10 901
10 901
10 901
Free-cash
5 011
-4 219
33 698
45 518

Estimated living cost  is ₴10901 per week

₴7935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2140
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33611
₴24101
₴34667
₴32509
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
12 448
health
-
-
-
1 057
municipal
-
-
-
14 660
total
-
-
-
28 165
Employee
26 952
-
69 403
-
pensions
1 819
-
4 685
-
national
445
-
7 745
-
unemployment
404
-
1 041
-
municipal
4 415
-
11 308
-
health
201
-
855
-
total
7 284
-
25 634
-
Employer
26 952
-
69 403
-
accident
27
-
69
-
unemployment
175
-
451
-
health
207
-
535
-
pensions
4 676
-
12 042
-
total
5 085
-
13 097
-
Corporate
50 463
82 500
-
-
income
10 093
16 500
-
-
total
10 093
16 500
-
-
Dividends

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

30 277
49 500
-
-
national
1 309
4 913
-
-
municipal
5 450
8 910
-
-
total
6 759
13 823
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 221
30 323
38 731
28 165
After tax
53 279
52 177
43 769
54 335
Living cost
19 668
19 668
19 668
19 668
Free-cash
33 611
32 509
24 101
34 667

Estimated living cost  is ₴19668 per week

₴12847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴45561
₴44168
₴44915
₴48349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 104
income
-
-
-
15 332
social contributions
-
-
-
8 288
total
-
-
-
25 724
Employee
39 392
39 392
76 672
-
income
4 289
3 647
14 929
-
social contributions
1 489
3 269
4 410
-
health
305
670
1 304
-
total
6 083
7 586
20 643
-
Employer
39 392
39 392
76 672
-
social contributions
1 489
3 269
4 410
-
health
332
729
1 418
-
total
1 821
3 998
5 828
-
Corporate
62 735
39 110
-
-
income
7 842
4 889
-
-
total
7 842
4 889
-
-
Dividends
54 893
34 221
-
-
withholding
9 332
5 817
-
-
total
9 332
5 817
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 078
22 290
26 471
25 724
After tax
57 422
60 210
56 029
56 776
Living cost
11 861
11 861
11 861
11 861
Free-cash
45 561
48 349
44 168
44 915

Estimated living cost  is ₴11861 per week

₴7108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
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.
₴3327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57580
₴50635
₴60909
₴60186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
pensions
-
-
-
3 259
health
-
-
-
1 854
income
-
-
-
8 330
total
-
-
-
13 458
Employee

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

11 759
-
77 493
-
income
804
-
7 060
-
pensions
1 763
-
7 291
-
unemployment
58
-
243
-
health
999
-
4 132
-
total
3 624
-
18 726
-
Employer

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

11 759
-
77 493
-
unemployment
58
-
243
-
health
506
-
2 090
-
pensions
646
-
2 673
-
total
1 210
-
5 006
-
Corporate
69 531
82 500
-
-
income
6 258
7 425
-
-
total
6 258
7 425
-
-
Dividends
63 273
75 075
-
-
withholding
5 695
6 756
-
-
total
5 695
6 756
-
-
Income
82 500
82 500
82 500
82 500
Total tax
16 787
14 181
23 732
13 458
After tax
65 713
68 319
58 768
69 042
Living cost
8 133
8 133
8 133
8 133
Free-cash
57 580
60 186
50 635
60 909

Estimated living cost  is ₴8133 per week

₴5189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
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.
₴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 Podgorica model

Close
Valencia , Spain
₴38736
₴30149
₴32298
₴40998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
332
accident
-
-
-
428
pensions
-
-
-
13 437
income
-
-
-
21 870
other
-
-
-
48
total
-
-
-
36 115
Employee
18 942
-
67 363
-
other
18
-
48
-
income
3 652
-
20 111
-
pensions
890
-
2 232
-
unemployment
294
-
736
-
total
4 854
-
23 127
-
Employer
18 942
-
67 363
-
accident
375
-
940
-
unemployment
1 042
-
2 611
-
pensions
4 470
-
11 206
-
other
152
-
380
-
total
6 039
-
15 137
-
Corporate
57 519
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.

8 628
12 375
-
-
total
8 628
12 375
-
-
Dividends
48 891
70 125
-
-
withholding
10 156
15 040
-
-
total
10 156
15 040
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 677
27 415
38 264
36 115
After tax
52 823
55 085
44 236
46 385
Living cost
14 087
14 087
14 087
14 087
Free-cash
38 736
40 998
30 149
32 298

Estimated living cost  is ₴14087 per week

₴9509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50456
₴52165
₴52229
₴50600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
642
health
-
-
-
465
income
-
-
-
28 284
total
-
-
-
29 391
Employee
1 341
-
81 778
-
income
259
-
28 251
-
pensions
121
-
289
-
unemployment
13
-
32
-
health
67
-
161
-
total
460
-
28 733
-
Employer
1 341
-
81 778
-
unemployment
27
-
64
-
health
127
-
305
-
pensions
147
-
353
-
total
301
-
722
-
Corporate
80 858
82 500
-
-
income
17 789
18 150
-
-
total
17 789
18 150
-
-
Dividends
63 069
64 350
-
-
withholding
12 614
12 870
-
-
total
12 614
12 870
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 164
31 020
29 455
29 391
After tax
51 336
51 480
53 045
53 109
Living cost
880
880
880
880
Free-cash
50 456
50 600
52 165
52 229

Estimated living cost  is ₴880 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48256
₴40898
₴40898
₴50769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
566
pensions
-
-
-
9 818
health
-
-
-
3 890
income
-
-
-
18 491
total
-
-
-
32 765
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.

13 325
-
75 741
-
income
1 837
-
18 491
-
pensions
1 865
-
5 287
-
unemployment
100
-
283
-
health
686
-
1 945
-
total
4 488
-
26 006
-
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.

13 325
-
75 741
-
unemployment
100
-
283
-
health
686
-
1 945
-
pensions
1 599
-
4 531
-
total
2 385
-
6 759
-
Corporate
66 790
82 500
-
-
income
10 018
12 375
-
-
total
10 018
12 375
-
-
Dividends
56 771
70 125
-
-
withholding
8 516
10 519
-
-
total
8 516
10 519
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 407
22 894
32 765
32 765
After tax
57 093
59 606
49 735
49 735
Living cost
8 837
8 837
8 837
8 837
Free-cash
48 256
50 769
40 898
40 898

Estimated living cost  is ₴8837 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32930
₴24614
₴30658
₴33115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
9 362
social contributions

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

-
-
-
28 669
total
-
-
-
38 031
Employee
19 883
-
66 667
-
income
3 885
-
20 909
-
surtax
-
-
-
-
social contributions
2 187
-
7 333
-
total
6 072
-
28 242
-
Employer
19 883
-
66 667
-
social contributions
4 722
-
15 833
-
total
4 722
-
15 833
-
Corporate
57 896
82 500
-
-
surtax
-
-
-
-
income
12 158
17 325
-
-
total
12 158
17 325
-
-
Dividends
45 738
65 175
-
-
withholding
12 807
18 249
-
-
total
12 807
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 759
35 574
44 075
38 031
After tax
46 741
46 926
38 425
44 469
Living cost
13 811
13 811
13 811
13 811
Free-cash
32 930
33 115
24 614
30 658

Estimated living cost  is ₴13811 per week

₴9782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33605
₴26232
₴28381
₴37081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
332
accident
-
-
-
428
pensions
-
-
-
13 437
income
-
-
-
21 870
other
-
-
-
48
total
-
-
-
36 115
Employee
24 741
-
67 363
-
other
24
-
48
-
income
5 167
-
20 111
-
pensions
1 163
-
2 232
-
unemployment
383
-
736
-
total
6 737
-
23 127
-
Employer
24 741
-
67 363
-
accident
490
-
940
-
unemployment
1 361
-
2 611
-
pensions
5 839
-
11 206
-
other
198
-
380
-
total
7 888
-
15 137
-
Corporate
49 871
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.

7 481
12 375
-
-
total
7 481
12 375
-
-
Dividends
42 391
70 125
-
-
withholding
8 785
15 040
-
-
total
8 785
15 040
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 891
27 415
38 264
36 115
After tax
51 609
55 085
44 236
46 385
Living cost
18 004
18 004
18 004
18 004
Free-cash
33 605
37 081
26 232
28 381

Estimated living cost  is ₴18004 per week

₴12930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58224
₴59223
₴56102
₴61445
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
12 375
total
-
-
-
17 305
Employee
12 041
-
78 878
-
income
1 204
-
7 888
-
pensions

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

1 057
-
1 621
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
health
554
-
849
-
total
2 947
-
10 561
-
Employer
12 041
-
78 878
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
unemployment
72
-
111
-
health
831
-
1 274
-
pensions

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

1 327
-
2 035
-
total
2 362
-
3 623
-
Corporate
68 097
82 500
-
-
income
6 810
8 250
-
-
total
6 810
8 250
-
-
Dividends
61 288
74 250
-
-
withholding
3 064
3 712
-
-
total
3 064
3 712
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 183
11 962
14 184
17 305
After tax
67 317
70 538
68 316
65 195
Living cost
9 093
9 093
9 093
9 093
Free-cash
58 224
61 445
59 223
56 102

Estimated living cost  is ₴9093 per week

₴6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2342
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29392
₴33223
₴24802
₴22693
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 355
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.

-
-
-
3 500
income

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

-
-
-
24 644
trade
-
-
-
8 421
total
-
-
-
37 920
Employee

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

25 489
-
82 500
-
income

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

2 096
-
24 644
-
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.

116
-
1 355
-
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.

3 500
-
3 500
-
total
5 712
-
29 499
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 011
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.

471
681
-
-
chamber of commerce
161
198
-
-
income
8 552
12 375
-
-
trade
8 182
11 839
-
-
total
17 366
25 093
-
-
Dividends
39 646
57 407
-
-
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
9 717
14 157
-
-
total
10 252
14 936
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 330
40 029
29 499
37 920
After tax
49 170
42 471
53 001
44 580
Living cost
19 778
19 778
19 778
19 778
Free-cash
29 392
22 693
33 223
24 802

Estimated living cost  is ₴19778 per week

₴13643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29699
₴15200
₴15200
₴28569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 533
social contributions
-
-
-
13 585
total
-
-
-
38 118
Employee
40 072
-
82 500
-
income
7 561
-
24 533
-
social contributions
3 329
-
13 585
-
total
10 890
-
38 118
-
Employer
40 072
-
82 500
-
total
-
-
-
-
Corporate
42 428
82 500
-
-
income
5 304
10 312
-
-
total
5 304
10 312
-
-
Dividends
37 124
72 188
-
-
withholding
7 425
14 437
-
-
total
7 425
14 437
-
-
Income
82 500
82 500
82 500
82 500
Total tax
23 619
24 749
38 118
38 118
After tax
58 881
57 751
44 382
44 382
Living cost
29 182
29 182
29 182
29 182
Free-cash
29 699
28 569
15 200
15 200

Estimated living cost  is ₴29182 per week

₴22201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34112
₴40536
₴46074
₴32323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 248
income
-
-
-
14 582
total
-
-
-
17 830
Employee
23 500
-
80 144
-
income
2 550
-
18 656
-
social contributions
2 355
-
2 356
-
total
4 905
-
21 012
-
Employer
23 500
-
80 144
-
social contributions
2 355
-
2 356
-
total
2 355
-
2 356
-
Corporate
56 645
82 500
-
-
income
19 826
28 875
-
-
total
19 826
28 875
-
-
Dividends
36 819
53 625
-
-
social contributions
2 706
2 706
-
-
total
2 706
2 706
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 792
31 581
23 368
17 830
After tax
52 708
50 919
59 132
64 670
Living cost
18 596
18 596
18 596
18 596
Free-cash
34 112
32 323
40 536
46 074

Estimated living cost  is ₴18596 per week

₴12249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴38759
₴28578
₴36095
₴35683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
4 492
income
-
-
-
22 628
total
-
-
-
27 120
Employee
26 471
-
72 151
-
income
4 821
-
17 617
-
pensions
2 020
-
5 590
-
health
345
-
1 081
-
total
7 186
-
24 288
-
Employer
26 471
-
72 151
-
health
503
-
1 371
-
pensions
2 674
-
8 978
-
total
3 177
-
10 349
-
Corporate
52 851
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.

10 041
15 675
-
-
total
10 041
15 675
-
-
Dividends
42 810
66 825
-
-
withholding
4 052
11 857
-
-
total
4 052
11 857
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 456
27 532
34 637
27 120
After tax
58 044
54 968
47 863
55 380
Living cost
19 285
19 285
19 285
19 285
Free-cash
38 759
35 683
28 578
36 095

Estimated living cost  is ₴19285 per week

₴13229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4843
₴32618
₴44438
-₴5299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
accident
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
22 578
other
-
-
-
186
total
-
-
-
26 081
Employee
18 846
-
73 914
-
income
2 586
-
17 015
-
pensions
2 122
-
3 837
-
health
2 158
-
8 463
-
total
6 866
-
29 315
-
Employer
18 846
-
73 914
-
accident
315
-
1 234
-
unemployment
462
-
1 811
-
pensions
3 064
-
5 541
-
total
3 841
-
8 586
-
Corporate
59 813
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.

53 832
74 250
-
-
total
53 832
74 250
-
-
Dividends
5 981
8 250
-
-
withholding
1 137
1 568
-
-
total
1 137
1 568
-
-
Income
82 500
82 500
82 500
82 500
Total tax
65 676
75 818
37 901
26 081
After tax
16 824
6 682
44 599
56 419
Living cost
11 981
11 981
11 981
11 981
Free-cash
4 843
-5 299
32 618
44 438

Estimated living cost  is ₴11981 per week

₴8792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60112
₴50839
₴39580
₴62508
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
983
pensions
-
-
-
15 067
income
-
-
-
13 486
health insurance
-
-
-
6 059
work injury
-
-
-
409
total
-
-
-
36 004
Employee

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

11 066
-
82 500
-
income
1 107
-
13 486
-
pensions
2 036
-
7 533
-
health insurance
819
-
3 030
-
unemployment
133
-
491
-
work injury
55
-
205
-
total
4 150
-
24 745
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 434
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%.

714
825
-
-
total
714
825
-
-
Dividends
70 720
81 675
-
-
withholding
10 608
12 251
-
-
total
10 608
12 251
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 472
13 076
24 745
36 004
After tax
67 028
69 424
57 755
46 496
Living cost
6 916
6 916
6 916
6 916
Free-cash
60 112
62 508
50 839
39 580

Estimated living cost  is ₴6916 per week

₴4285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20716
₴14875
₴18496
₴23048
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
19 944
regional
-
-
-
1 882
municipal
-
-
-
551
social contributions
-
-
-
21 219
total
-
-
-
43 596
Employee
43 168
-
82 500
-
regional
652
-
1 668
-
national
7 295
-
17 238
-
social contributions
14 556
-
27 819
-
municipal
258
-
492
-
total
22 761
-
47 217
-
Employer
43 168
-
82 500
-
total
-
-
-
-
Corporate
39 332
82 500
-
-
nationa
9 440
19 800
-
-
municipal
1 896
3 976
-
-
total
11 336
23 776
-
-
Dividends
27 997
58 724
-
-
withholding
7 279
15 268
-
-
total
7 279
15 268
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 376
39 044
47 217
43 596
After tax
41 124
43 456
35 283
38 904
Living cost
20 408
20 408
20 408
20 408
Free-cash
20 716
23 048
14 875
18 496

Estimated living cost  is ₴20408 per week

₴14335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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