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
₴31903
₴26312
₴37599
₴28306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 293
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.

-
-
-
24 779
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.

-
-
-
3 452
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.

-
-
-
1 363
total
-
-
-
38 887
Employee

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

19 329
-
82 500
-
surtax

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

30
-
1 363
-
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.

3 452
-
3 452
-
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.

540
-
24 779
-
total
4 022
-
29 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
63 171
82 500
-
-
trade
9 950
12 994
-
-
income
9 476
12 375
-
-
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.

521
681
-
-
chamber of commerce
168
196
-
-
total
20 115
26 246
-
-
Dividends
43 057
56 255
-
-
withholding
10 572
13 872
-
-
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.

581
763
-
-
total
11 153
14 635
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 290
40 881
29 594
38 887
After tax
47 210
41 619
52 906
43 613
Living cost
15 307
15 307
15 307
15 307
Free-cash
31 903
26 312
37 599
28 306

Estimated living cost  is ₴15307 per week

₴9628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25011
₴25443
₴23424
₴22778
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
887
pensions
-
-
-
9 900
municipal
-
-
-
8 981
national
-
-
-
13 917
total
-
-
-
33 685
Employee
40 362
-
71 321
-
national
7 725
-
14 412
-
municipal
4 985
-
9 301
-
pensions
1 614
-
2 853
-
total
14 324
-
26 566
-
Employer
40 362
-
71 321
-
pensions
3 229
-
5 706
-
social contributions
434
-
767
-
total
3 663
-
6 473
-
Corporate
35 812
82 500
-
-
income

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

7 162
16 500
-
-
total
7 162
16 500
-
-
Dividends
28 649
66 000
-
-
withholding
6 303
14 520
-
-
total
6 303
14 520
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 452
31 020
33 039
33 685
After tax
51 048
51 480
49 461
48 815
Living cost
26 037
26 037
26 037
26 037
Free-cash
25 011
25 443
23 424
22 778

Estimated living cost  is ₴26037 per week

₴17697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴390
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴51340
₴55486
₴23244
₴17395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
82 500
social contributions

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

-
-
-
19 362
income
-
-
-
14 191
microenterprise
-
-
-
-
surtax
-
-
-
21 038
total
-
-
-
54 591
Employee
14 767
-
61 253
-
surtax
-
-
8 881
-
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.

1 625
-
6 625
-
income
2 629
-
11 989
-
total
4 254
-
27 495
-
Employer
14 767
-
61 253
-
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.

3 557
-
14 509
-
surtax
-
-
6 738
-
total
3 557
-
21 247
-
Corporate
64 176
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%.

12 835
16 500
-
-
total
12 835
16 500
-
-
Dividends

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

51 341
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
20 646
16 500
48 742
54 591
After tax
61 854
66 000
33 758
27 909
Living cost
10 514
10 514
10 514
10 514
Free-cash
51 340
55 486
23 244
17 395

Estimated living cost  is ₴10514 per week

₴6707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16480
₴19577
₴29667
₴24830
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 347
pensions
-
-
-
5 921
health
-
-
-
6 232
total
-
-
-
36 500
Employee
43 155
43 155
73 108
-
health
6 624
5 634
6 232
-
pensions
7 768
5 921
5 921
-
income

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

7 064
7 064
10 119
-
total
21 456
18 619
22 272
-
Employer
43 155
43 155
73 108
-
pensions
3 004
3 004
3 733
-
unemployment
1 554
1 554
1 930
-
health
3 000
3 000
3 728
-
total
7 558
7 558
9 391
-
Corporate
32 317
31 788
-
-
income
6 464
6 357
-
-
total
6 464
6 357
-
-
Dividends
25 854
25 431
-
-
withholding
3 878
3 815
-
-
income
5 494
5 404
-
-
total
9 372
9 219
-
-
Income
82 500
82 500
82 500
82 500
Total tax
44 850
41 753
31 663
36 500
After tax
37 650
40 747
50 837
46 000
Living cost
21 170
21 170
21 170
21 170
Free-cash
16 480
19 577
29 667
24 830

Estimated living cost  is ₴21170 per week

₴15003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23430
₴23905
₴21379
₴21891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
5 384
unemployment
-
-
-
46
pensions
-
-
-
5 008
municipal
-
-
-
20 599
accident
-
-
-
93
national
-
-
-
5 448
health
-
-
-
2 891
total
-
-
-
39 469
Employee
30 123
-
67 943
-
national
-
-
5 164
-
municipal
8 983
-
20 260
-
total
8 983
-
25 424
-
Employer
30 123
-
67 943
-
other
3 500
-
5 384
-
accident
60
-
93
-
pensions
3 256
-
5 008
-
unemployment
795
-
1 223
-
health
1 853
-
2 849
-
total
9 464
-
14 557
-
Corporate
42 913
82 500
-
-
income
9 441
18 150
-
-
total
9 441
18 150
-
-
Dividends
33 472
64 350
-
-
withholding
10 042
19 305
-
-
total
10 042
19 305
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 930
37 455
39 981
39 469
After tax
44 570
45 045
42 519
43 031
Living cost
21 140
21 140
21 140
21 140
Free-cash
23 430
23 905
21 379
21 891

Estimated living cost  is ₴21140 per week

₴14011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28446
₴21344
₴33054
₴23348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
9 706
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.

-
-
-
24 779
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.

-
-
-
3 452
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.

-
-
-
1 363
total
-
-
-
39 300
Employee

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

25 628
-
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.

121
-
1 363
-
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.

3 452
-
3 452
-
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.

2 202
-
24 779
-
total
5 775
-
29 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
56 872
82 500
-
-
trade
9 355
13 571
-
-
income
8 531
12 375
-
-
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.

469
681
-
-
chamber of commerce
157
194
-
-
total
18 512
26 821
-
-
Dividends
38 360
55 680
-
-
withholding
9 398
13 728
-
-
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.

517
755
-
-
total
9 915
14 483
-
-
Income
82 500
82 500
82 500
82 500
Total tax
34 202
41 304
29 594
39 300
After tax
48 298
41 196
52 906
43 200
Living cost
19 852
19 852
19 852
19 852
Free-cash
28 446
21 344
33 054
23 348

Estimated living cost  is ₴19852 per week

₴13277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2094
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41720
₴43815
₴39582
₴40325
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
8 176
income
-
-
-
15 504
health
-
-
-
2 104
total
-
-
-
25 784
Employee
38 859
38 859
76 731
-
health
386
661
1 304
-
social contributions
1 888
3 225
4 350
-
income
4 081
3 597
15 104
-
total
6 355
7 483
20 758
-
Employer
38 859
38 859
76 731
-
social contributions
1 888
3 225
4 350
-
health
421
719
1 419
-
total
2 309
3 944
5 769
-
Corporate
57 444
39 696
-
-
income
7 180
4 962
-
-
total
7 180
4 962
-
-
Dividends
50 264
34 734
-
-
withholding
8 545
5 905
-
-
total
8 545
5 905
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 389
22 294
26 527
25 784
After tax
58 111
60 206
55 973
56 716
Living cost
16 391
16 391
16 391
16 391
Free-cash
41 720
43 815
39 582
40 325

Estimated living cost  is ₴16391 per week

₴11205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37154
₴36960
₴38421
₴47748
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 237
income
-
-
-
10 086
pensions
-
-
-
8 250
health
-
-
-
5 775
total
-
-
-
25 348
Employee

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

The minimum wage is 138,000 HUF per month.

13 575
5 403
69 038
-
unemployment
204
81
1 036
-
health
950
378
4 833
-
pensions
1 357
540
6 904
-
income
1 660
660
8 440
-
total
4 171
1 659
21 213
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 575
5 403
69 038
-
pensions
2 647
1 053
13 462
-
total
2 647
1 053
13 462
-
Corporate
66 278
76 044
-
-
income
5 965
6 844
-
-
total
5 965
6 844
-
-
Dividends
60 313
69 200
-
-
withholding
11 460
13 148
-
-
social contributions
11 699
13 432
-
-
total
23 159
26 580
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 942
36 136
34 675
25 348
After tax
46 558
46 364
47 825
57 152
Living cost
9 404
9 404
9 404
9 404
Free-cash
37 154
36 960
38 421
47 748

Estimated living cost  is ₴9404 per week

₴6417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴188
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50655
₴53794
₴35346
₴32014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 055
pensions
-
-
-
16 500
health
-
-
-
10 725
total
-
-
-
38 280
Employee
14 336
-
61 660
-
unemployment
229
-
987
-
pensions
287
-
1 233
-
income
1 614
-
11 888
-
total
2 130
-
14 108
-
Employer
14 336
-
61 660
-
pensions
2 867
-
12 332
-
unemployment
115
-
493
-
health
1 863
-
8 015
-
total
4 845
-
20 840
-
Corporate
63 318
82 500
-
-
income
12 664
16 500
-
-
total
12 664
16 500
-
-
Dividends
50 654
66 000
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
19 639
16 500
34 948
38 280
After tax
62 861
66 000
47 552
44 220
Living cost
12 206
12 206
12 206
12 206
Free-cash
50 655
53 794
35 346
32 014

Estimated living cost  is ₴12206 per week

₴8372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4939
-₴4687
₴33143
₴45058
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
192
income
-
-
-
22 472
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
26 072
Employee
17 886
-
73 767
-
health
2 048
-
8 446
-
pensions
2 014
-
3 943
-
income
2 454
-
16 865
-
total
6 516
-
29 254
-
Employer
17 886
-
73 767
-
accident
299
-
1 232
-
pensions
2 908
-
5 694
-
unemployment
438
-
1 807
-
total
3 645
-
8 733
-
Corporate
60 969
82 500
-
-
income

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

54 872
74 250
-
-
total
54 872
74 250
-
-
Dividends
6 097
8 250
-
-
withholding
1 158
1 567
-
-
total
1 158
1 567
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 191
75 817
37 987
26 072
After tax
16 309
6 683
44 513
56 428
Living cost
11 370
11 370
11 370
11 370
Free-cash
4 939
-4 687
33 143
45 058

Estimated living cost  is ₴11370 per week

₴8333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴73452
₴74229
₴61854
₴77529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 183
-
82 500
-
income
1 036
-
16 500
-
total
1 036
-
16 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

77 317
82 500
-
-
total
-
-
-
-
Dividends
77 317
82 500
-
-
withholding
3 866
4 125
-
-
total
3 866
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
4 902
4 125
16 500
825
After tax
77 598
78 375
66 000
81 675
Living cost
4 146
4 146
4 146
4 146
Free-cash
73 452
74 229
61 854
77 529

Estimated living cost  is ₴4146 per week

₴2570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴114
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43733
₴47147
₴33449
₴31441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
3 650
income
-
-
-
12 118
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.

-
-
-
18 444
health
-
-
-
3 381
total
-
-
-
37 593
Employee
18 349
-
65 894
-
unemployment
183
-
659
-
health
257
-
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.

1 284
-
4 612
-
income
3 159
-
12 786
-
total
4 883
-
18 980
-
Employer
18 349
-
65 894
-
other
918
-
3 295
-
accident
147
-
527
-
pensions

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

3 120
-
11 201
-
unemployment
183
-
659
-
health
257
-
923
-
total
4 625
-
16 605
-
Corporate
59 527
82 500
-
-
income
12 501
17 325
-
-
total
12 501
17 325
-
-
Dividends
47 026
65 175
-
-
withholding
3 292
4 562
-
-
total
3 292
4 562
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 301
21 887
35 585
37 593
After tax
57 199
60 613
46 915
44 907
Living cost
13 466
13 466
13 466
13 466
Free-cash
43 733
47 147
33 449
31 441

Estimated living cost  is ₴13466 per week

₴9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
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.
₴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 Bratislava model

Close
London , United Kingdom
₴21270
₴21025
₴14029
₴21530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
22 932
pensions
-
-
-
4 403
total
-
-
-
27 335
Employee
47 589
-
72 125
-
health
784
-
1 069
-
pensions
4 591
-
5 461
-
income
8 578
-
17 931
-
total
13 953
-
24 461
-
Employer
47 589
-
72 125
-
pensions
5 619
-
9 005
-
health
904
-
1 370
-
total
6 523
-
10 375
-
Corporate
28 388
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.

5 394
15 675
-
-
total
5 394
15 675
-
-
Dividends
22 994
66 825
-
-
withholding
1 725
12 165
-
-
total
1 725
12 165
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 595
27 840
34 836
27 335
After tax
54 905
54 660
47 664
55 165
Living cost
33 635
33 635
33 635
33 635
Free-cash
21 270
21 025
14 029
21 530

Estimated living cost  is ₴33635 per week

₴25204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4207
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴61536
₴63891
₴61913
₴58752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71
income
-
-
-
12 375
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
17 102
Employee
8 800
-
79 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
health
405
-
814
-
pensions

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

773
-
1 555
-
income
880
-
7 903
-
total
2 155
-
10 467
-
Employer
8 800
-
79 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

970
-
1 951
-
unemployment
53
-
106
-
health
607
-
1 222
-
total
1 727
-
3 474
-
Corporate
71 973
82 500
-
-
income
7 197
8 250
-
-
total
7 197
8 250
-
-
Dividends
64 776
74 250
-
-
withholding
3 239
3 713
-
-
total
3 239
3 713
-
-
Income
82 500
82 500
82 500
82 500
Total tax
14 318
11 963
13 941
17 102
After tax
68 182
70 537
68 559
65 398
Living cost
6 646
6 646
6 646
6 646
Free-cash
61 536
63 891
61 913
58 752

Estimated living cost  is ₴6646 per week

₴3880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴13996
₴12724
₴22814
₴17977
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
24 347
pensions
-
-
-
5 921
health
-
-
-
6 232
total
-
-
-
36 500
Employee
46 853
43 155
73 108
-
health
5 845
5 634
6 232
-
pensions
5 921
5 921
5 921
-
income

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

7 064
7 064
10 119
-
total
18 830
18 619
22 272
-
Employer
46 853
43 155
73 108
-
pensions
3 261
3 004
3 733
-
unemployment
1 687
1 554
1 930
-
health
3 256
3 000
3 728
-
total
8 204
7 558
9 391
-
Corporate
27 444
31 788
-
-
income
5 488
6 357
-
-
total
5 488
6 357
-
-
Dividends
21 956
25 431
-
-
withholding
3 293
3 815
-
-
income
4 666
5 404
-
-
total
7 959
9 219
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 481
41 753
31 663
36 500
After tax
42 019
40 747
50 837
46 000
Living cost
28 023
28 023
28 023
28 023
Free-cash
13 996
12 724
22 814
17 977

Estimated living cost  is ₴28023 per week

₴20671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39656
₴44164
₴29228
₴32564
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
18 184
income
-
-
-
7 977
health
-
-
-
11 138
solidarity contribution
-
-
-
-
total
-
-
-
37 299
Employee
18 584
-
61 567
-
solidarity contribution
-
-
-
-
health
2 509
-
8 312
-
social contributions
1 208
-
4 002
-
income
2 230
-
7 388
-
total
5 947
-
19 702
-
Employer
18 584
-
61 567
-
social contributions
4 646
-
15 392
-
health
1 673
-
5 541
-
total
6 319
-
20 933
-
Corporate
57 597
82 500
-
-
income
10 943
15 675
-
-
total
10 943
15 675
-
-
Dividends
46 654
66 825
-
-
withholding
6 998
10 024
-
-
total
6 998
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 207
25 699
40 635
37 299
After tax
52 293
56 801
41 865
45 201
Living cost
12 637
12 637
12 637
12 637
Free-cash
39 656
44 164
29 228
32 564

Estimated living cost  is ₴12637 per week

₴8778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
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.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20054
₴22693
₴14759
₴18487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
967
social contributions
-
-
-
21 219
municipal
-
-
-
490
national
-
-
-
20 013
total
-
-
-
42 689
Employee
44 913
-
82 500
-
national
7 782
-
17 308
-
regional
424
-
853
-
municipal
238
-
437
-
social contributions
15 145
-
27 819
-
total
23 589
-
46 417
-
Employer
44 913
-
82 500
-
total
-
-
-
-
Corporate
37 587
82 500
-
-
nationa
9 021
19 800
-
-
municipal
1 466
3 217
-
-
total
10 487
23 017
-
-
Dividends
27 100
59 483
-
-
withholding
7 046
15 466
-
-
total
7 046
15 466
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 122
38 483
46 417
42 689
After tax
41 378
44 017
36 083
39 811
Living cost
21 324
21 324
21 324
21 324
Free-cash
20 054
22 693
14 759
18 487

Estimated living cost  is ₴21324 per week

₴14865
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.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39169
₴40741
₴24811
₴27977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
21 751
pensions
-
-
-
13 489
health
-
-
-
4 788
surtax
-
-
-
3 229
total
-
-
-
43 372
Employee
16 712
-
68 303
-
surtax
55
-
2 699
-
unemployment
1 163
-
4 694
-
other
-
-
-
-
health
427
-
1 719
-
pensions
1 114
-
4 499
-
income
2 801
-
18 729
-
total
5 560
-
32 340
-
Employer
16 712
-
68 303
-
other
-
-
-
-
pensions
2 228
-
8 991
-
unemployment
529
-
2 138
-
health
760
-
3 069
-
total
3 517
-
14 198
-
Corporate
62 271
82 500
-
-
income
16 190
21 450
-
-
total
16 190
21 450
-
-
Dividends
46 081
61 050
-
-
withholding
6 913
9 158
-
-
total
6 913
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 180
30 608
46 538
43 372
After tax
50 320
51 892
35 962
39 128
Living cost
11 151
11 151
11 151
11 151
Free-cash
39 169
40 741
24 811
27 977

Estimated living cost  is ₴11151 per week

₴6819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34877
₴31681
₴24685
₴32186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
22 932
pensions
-
-
-
4 403
total
-
-
-
27 335
Employee
31 893
-
72 125
-
health
463
-
1 069
-
pensions
2 707
-
5 461
-
income
5 744
-
17 931
-
total
8 914
-
24 461
-
Employer
31 893
-
72 125
-
pensions
3 452
-
9 005
-
health
606
-
1 370
-
total
4 058
-
10 375
-
Corporate
46 549
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.

8 844
15 675
-
-
total
8 844
15 675
-
-
Dividends
37 705
66 825
-
-
withholding
2 828
12 165
-
-
total
2 828
12 165
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 644
27 840
34 836
27 335
After tax
57 856
54 660
47 664
55 165
Living cost
22 979
22 979
22 979
22 979
Free-cash
34 877
31 681
24 685
32 186

Estimated living cost  is ₴22979 per week

₴17216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴14761
-₴2416
₴23166
₴27174
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other

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

-
-
-
1 650
city
-
-
-
869
regional
-
-
-
3 810
pensions
-
-
-
7 590
national
-
-
-
1 081
health
-
-
-
186
total
-
-
-
15 186
Employee
46 975
-
73 842
-
national
222
-
890
-
unemployment
-
-
-
-
city
504
-
793
-
regional
1 538
-
3 298
-
health
106
-
166
-
pensions
3 946
-
6 202
-
total
6 316
-
11 349
-
Employer
46 975
-
73 842
-
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.

939
-
1 477
-
pensions
3 946
-
6 202
-
unemployment
-
-
-
-
health
106
-
166
-
total
4 991
-
7 845
-
Corporate
30 017
82 500
-
-
regional
6 349
17 449
-
-
national
2 552
7 013
-
-
total
8 901
24 462
-
-
Dividends
21 117
58 039
-
-
withholding
7 391
20 314
-
-
total
7 391
20 314
-
-
Income
82 500
82 500
82 500
82 500
Total tax
27 599
44 776
19 194
15 186
After tax
54 901
37 724
63 306
67 314
Living cost
40 140
40 140
40 140
40 140
Free-cash
14 761
-2 416
23 166
27 174

Estimated living cost  is ₴40140 per week

₴26103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴493
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9943
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴25815
₴17621
₴29755
₴19636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
10 119
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.

-
-
-
24 779
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.

-
-
-
3 452
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.

-
-
-
1 363
total
-
-
-
39 713
Employee

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

30 371
-
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.

197
-
1 363
-
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.

3 452
-
3 452
-
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.

3 571
-
24 779
-
total
7 220
-
29 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
52 129
82 500
-
-
trade
8 940
14 149
-
-
income
7 820
12 375
-
-
surtax

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

430
681
-
-
chamber of commerce
151
193
-
-
total
17 341
27 398
-
-
Dividends
34 789
55 102
-
-
withholding
8 505
13 583
-
-
surtax

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

468
747
-
-
total
8 973
14 330
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 534
41 728
29 594
39 713
After tax
48 966
40 772
52 906
42 787
Living cost
23 151
23 151
23 151
23 151
Free-cash
25 815
17 621
29 755
19 636

Estimated living cost  is ₴23151 per week

₴16908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27275
₴24291
₴28770
₴29305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
2 558
social contributions
-
-
-
2 351
income
-
-
-
12 379
pensions
-
-
-
15 332
health
-
-
-
3 285
surtax
-
-
-
-
total
-
-
-
35 905
Employee
21 628
-
64 291
-
surtax
-
-
-
-
pensions
2 445
-
4 287
-
social contributions
617
-
1 832
-
income
1 276
-
12 111
-
total
4 338
-
18 230
-
Employer
21 628
-
64 291
-
other
746
-
2 430
-
pensions
3 553
-
7 251
-
unemployment
876
-
2 604
-
social contributions
65
-
193
-
health
1 514
-
5 732
-
total
6 754
-
18 210
-
Corporate
54 117
82 500
-
-
income
15 153
23 100
-
-
surtax
-
-
-
-
total
15 153
23 100
-
-
Dividends
38 964
59 400
-
-
withholding
4 988
7 603
-
-
social contributions
6 702
10 216
-
-
surtax
-
-
-
-
total
11 690
17 819
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 935
40 919
36 440
35 905
After tax
44 565
41 581
46 060
46 595
Living cost
17 290
17 290
17 290
17 290
Free-cash
27 275
24 291
28 770
29 305

Estimated living cost  is ₴17290 per week

₴10902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28810
₴26004
₴30483
₴31018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
2 558
social contributions
-
-
-
2 351
income
-
-
-
12 379
pensions
-
-
-
15 332
health
-
-
-
3 285
surtax
-
-
-
-
total
-
-
-
35 905
Employee
19 306
-
64 291
-
surtax
-
-
-
-
pensions
2 184
-
4 287
-
social contributions
550
-
1 832
-
income
995
-
12 111
-
total
3 729
-
18 230
-
Employer
19 306
-
64 291
-
other
667
-
2 430
-
pensions
3 172
-
7 251
-
unemployment
782
-
2 604
-
social contributions
58
-
193
-
health
1 351
-
5 732
-
total
6 030
-
18 210
-
Corporate
57 164
82 500
-
-
income
16 006
23 100
-
-
surtax
-
-
-
-
total
16 006
23 100
-
-
Dividends
41 159
59 400
-
-
withholding
5 269
7 603
-
-
social contributions
7 079
10 216
-
-
surtax
-
-
-
-
total
12 348
17 819
-
-
Income
82 500
82 500
82 500
82 500
Total tax
38 113
40 919
36 440
35 905
After tax
44 387
41 581
46 060
46 595
Living cost
15 577
15 577
15 577
15 577
Free-cash
28 810
26 004
30 483
31 018

Estimated living cost  is ₴15577 per week

₴9034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴4666
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39877
₴39617
₴40756
₴42265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
11 385
income
-
-
-
12 375
health
-
-
-
5 759
total
-
-
-
29 519
Employee
17 135
-
82 500
-
health
1 196
-
5 759
-
social contributions
2 365
-
11 385
-
income
2 858
-
13 884
-
total
6 419
-
31 028
-
Employer
17 135
-
82 500
-
total
-
-
-
-
Corporate
65 365
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%.

3 268
4 125
-
-
total
3 268
4 125
-
-
Dividends
62 097
78 375
-
-
health
4 335
5 470
-
-
withholding
9 315
11 756
-
-
social contributions
8 570
10 816
-
-
total
22 220
28 042
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 907
32 167
31 028
29 519
After tax
50 593
50 333
51 472
52 981
Living cost
10 716
10 716
10 716
10 716
Free-cash
39 877
39 617
40 756
42 265

Estimated living cost  is ₴10716 per week

₴7171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27120
₴27902
₴3955
₴24518
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
330
unemployment
-
-
-
3 100
income
-
-
-
21 207
pensions
-
-
-
10 922
health
-
-
-
4 516
surtax
-
-
-
100
total
-
-
-
40 175
Employee
25 255
20 139
64 976
-
unemployment
758
604
1 771
-
other
252
201
591
-
health
977
780
2 284
-
pensions
2 586
2 062
6 046
-
income
2 875
1 485
16 758
-
total
7 448
5 132
27 450
-
Employer
25 255
20 139
64 976
-
payroll
758
604
1 950
-
other
1 200
956
3 035
-
accident
328
262
767
-
pensions
3 170
2 528
7 409
-
unemployment
758
604
1 771
-
chamber of commerce
101
81
260
-
surtax
100
100
100
-
health
954
761
2 232
-
total
7 369
5 896
17 524
-
Corporate
49 878
56 465
63 058
-
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.

12 469
14 117
15 764
-
total
12 469
14 117
15 764
-
Dividends
37 409
42 348
-
-
withholding
10 287
11 646
-
-
total
10 287
11 646
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 573
36 791
60 738
40 175
After tax
44 927
45 709
21 762
42 325
Living cost
17 807
17 807
17 807
17 807
Free-cash
27 120
27 902
3 955
24 518

Estimated living cost  is ₴17807 per week

₴11876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1519
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.
₴4119
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20149
₴27727
₴10985
₴17300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
12 599
national
-
-
-
29 981
communal

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

-
-
-
4 194
total
-
-
-
46 774
Employee

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

36 148
-
63 899
-
national
11 113
-
22 805
-
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.

315
-
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.

1 698
-
3 003
-
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.

2 711
-
4 792
-
communal

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

1 885
-
3 333
-
total
17 722
-
34 489
-
Employer

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

36 148
-
63 899
-
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.

470
-
830
-
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.

3 203
-
5 661
-
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.

527
-
933
-
surtax
4 099
-
7 246
-
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.

2 223
-
3 930
-
total
10 522
-
18 600
-
Corporate
35 830
82 500
-
-
income
7 166
16 500
-
-
surtax
143
330
-
-
total
7 309
16 830
-
-
Dividends
28 521
65 670
-
-
withholding

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

8 372
19 517
-
-
total
8 372
19 517
-
-
Income
82 500
82 500
82 500
82 500
Total tax
43 925
36 347
53 089
46 774
After tax
38 575
46 153
29 411
35 726
Living cost
18 426
18 426
18 426
18 426
Free-cash
20 149
27 727
10 985
17 300

Estimated living cost  is ₴18426 per week

₴11869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33238
₴36821
₴26002
₴28122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
22 076
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
36 128
Employee
25 155
-
67 567
-
unemployment
390
-
726
-
other
25
-
47
-
pensions
1 182
-
2 202
-
income
5 308
-
20 341
-
total
6 905
-
23 316
-
Employer
25 155
-
67 567
-
other
200
-
375
-
accident
498
-
927
-
pensions
5 936
-
11 054
-
unemployment
1 384
-
2 576
-
total
8 018
-
14 932
-
Corporate
49 326
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.

7 399
12 375
-
-
total
7 399
12 375
-
-
Dividends
41 928
70 125
-
-
withholding
8 690
15 054
-
-
total
8 690
15 054
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 012
27 429
38 248
36 128
After tax
51 488
55 071
44 252
46 372
Living cost
18 250
18 250
18 250
18 250
Free-cash
33 238
36 821
26 002
28 122

Estimated living cost  is ₴18250 per week

₴13439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15040
₴21192
₴17344
₴14056
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 821
pensions
-
-
-
12 365
accident
-
-
-
695
communal
-
-
-
5 214
health
-
-
-
5 796
surtax
-
-
-
4 090
total
-
-
-
40 981
Employee
38 270
-
73 693
-
surtax
2 346
-
4 516
-
health
1 703
-
3 280
-
pensions
3 061
-
5 895
-
income
3 697
-
15 195
-
total
10 807
-
28 886
-
Employer
38 270
-
73 693
-
accident
344
-
664
-
pensions
3 061
-
5 895
-
health
1 167
-
2 248
-
total
4 572
-
8 807
-
Corporate
39 657
82 500
-
-
income
5 949
12 375
-
-
communal
2 677
5 569
-
-
surtax
416
866
-
-
total
9 042
18 810
-
-
Dividends
30 616
63 690
-
-
withholding
4 593
9 554
-
-
income
10 983
5 481
-
-
total
15 576
15 035
-
-
Income
82 500
82 500
82 500
82 500
Total tax
39 997
33 845
37 693
40 981
After tax
42 503
48 655
44 807
41 519
Living cost
27 463
27 463
27 463
27 463
Free-cash
15 040
21 192
17 344
14 056

Estimated living cost  is ₴27463 per week

₴20601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38936
₴40541
₴24611
₴27777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
21 751
pensions
-
-
-
13 489
health
-
-
-
4 788
surtax
-
-
-
3 229
total
-
-
-
43 372
Employee
17 019
-
68 303
-
surtax
60
-
2 699
-
unemployment
1 184
-
4 694
-
other
-
-
-
-
health
434
-
1 719
-
pensions
1 135
-
4 499
-
income
2 853
-
18 729
-
total
5 666
-
32 340
-
Employer
17 019
-
68 303
-
other
-
-
-
-
pensions
2 269
-
8 991
-
unemployment
540
-
2 138
-
health
774
-
3 069
-
total
3 583
-
14 198
-
Corporate
61 899
82 500
-
-
income
16 094
21 450
-
-
total
16 094
21 450
-
-
Dividends
45 805
61 050
-
-
withholding
6 870
9 158
-
-
total
6 870
9 158
-
-
Income
82 500
82 500
82 500
82 500
Total tax
32 213
30 608
46 538
43 372
After tax
50 287
51 892
35 962
39 128
Living cost
11 351
11 351
11 351
11 351
Free-cash
38 936
40 541
24 611
27 777

Estimated living cost  is ₴11351 per week

₴6853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28629
₴29750
₴22213
₴25921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 244
social contributions
-
-
-
21 219
municipal
-
-
-
490
national
-
-
-
20 013
total
-
-
-
42 966
Employee
28 033
-
82 500
-
national
4 441
-
17 308
-
regional
377
-
1 110
-
municipal
149
-
437
-
social contributions
9 453
-
27 819
-
total
14 420
-
46 674
-
Employer
28 033
-
82 500
-
total
-
-
-
-
Corporate
54 467
82 500
-
-
nationa
13 072
19 800
-
-
municipal
2 707
4 101
-
-
total
15 779
23 901
-
-
Dividends
38 688
58 600
-
-
withholding
10 059
15 236
-
-
total
10 059
15 236
-
-
Income
82 500
82 500
82 500
82 500
Total tax
40 258
39 137
46 674
42 966
After tax
42 242
43 363
35 826
39 534
Living cost
13 613
13 613
13 613
13 613
Free-cash
28 629
29 750
22 213
25 921

Estimated living cost  is ₴13613 per week

₴8466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35673
₴41229
₴26293
₴29629
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
18 184
income
-
-
-
7 977
health
-
-
-
11 138
solidarity contribution
-
-
-
-
total
-
-
-
37 299
Employee
22 900
-
61 567
-
solidarity contribution
-
-
-
-
health
3 092
-
8 312
-
social contributions
1 489
-
4 002
-
income
2 748
-
7 388
-
total
7 329
-
19 702
-
Employer
22 900
-
61 567
-
social contributions
5 725
-
15 392
-
health
2 061
-
5 541
-
total
7 786
-
20 933
-
Corporate
51 814
82 500
-
-
income
9 845
15 675
-
-
total
9 845
15 675
-
-
Dividends
41 969
66 825
-
-
withholding
6 295
10 024
-
-
total
6 295
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 255
25 699
40 635
37 299
After tax
51 245
56 801
41 865
45 201
Living cost
15 572
15 572
15 572
15 572
Free-cash
35 673
41 229
26 293
29 629

Estimated living cost  is ₴15572 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29391
₴29642
₴5669
₴26302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
330
unemployment
-
-
-
3 100
income
-
-
-
21 207
pensions
-
-
-
10 922
health
-
-
-
4 516
surtax
-
-
-
-
total
-
-
-
40 075
Employee
22 091
20 139
65 069
-
unemployment
663
604
1 771
-
other
221
201
591
-
health
854
780
2 284
-
pensions
2 262
2 062
6 046
-
income
1 968
1 485
16 797
-
total
5 968
5 132
27 489
-
Employer
22 091
20 139
65 069
-
payroll
663
604
1 953
-
other
1 049
956
3 039
-
accident
287
262
767
-
pensions
2 772
2 528
7 409
-
unemployment
663
604
1 771
-
chamber of commerce
88
81
260
-
surtax
-
-
-
-
health
835
761
2 232
-
total
6 357
5 796
17 431
-
Corporate
54 052
56 565
63 151
-
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.

13 513
14 141
15 788
-
total
13 513
14 141
15 788
-
Dividends
40 539
42 423
-
-
withholding
11 148
11 666
-
-
total
11 148
11 666
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 986
36 735
60 708
40 075
After tax
45 514
45 765
21 792
42 425
Living cost
16 123
16 123
16 123
16 123
Free-cash
29 391
29 642
5 669
26 302

Estimated living cost  is ₴16123 per week

₴9672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴70703
₴71914
₴59539
₴75214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 077
-
82 500
-
income
1 615
-
16 500
-
total
1 615
-
16 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

74 423
82 500
-
-
total
-
-
-
-
Dividends
74 423
82 500
-
-
withholding
3 721
4 125
-
-
total
3 721
4 125
-
-
Income
82 500
82 500
82 500
82 500
Total tax
5 336
4 125
16 500
825
After tax
77 164
78 375
66 000
81 675
Living cost
6 461
6 461
6 461
6 461
Free-cash
70 703
71 914
59 539
75 214

Estimated living cost  is ₴6461 per week

₴4372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴271
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.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39020
₴43246
₴24883
₴27069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
124
income
-
-
-
18 567
pensions
-
-
-
15 067
health
-
-
-
8 118
total
-
-
-
41 876
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.

22 347
-
71 385
-
unemployment
32
-
100
-
health
1 443
-
4 611
-
pensions
3 464
-
11 065
-
income
3 854
-
17 171
-
total
8 793
-
32 947
-
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.

22 347
-
71 385
-
pensions
1 977
-
6 318
-
unemployment
13
-
43
-
health
1 488
-
4 754
-
total
3 478
-
11 115
-
Corporate
56 674
82 500
-
-
income
10 768
15 675
-
-
total
10 768
15 675
-
-
Dividends
45 906
66 825
-
-
withholding
6 886
10 024
-
-
total
6 886
10 024
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 925
25 699
44 062
41 876
After tax
52 575
56 801
38 438
40 624
Living cost
13 555
13 555
13 555
13 555
Free-cash
39 020
43 246
24 883
27 069

Estimated living cost  is ₴13555 per week

₴9302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4286
₴28357
₴54006
₴35178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
9 405
income
-
-
-
16 081
total
-
-
-
25 486
Employee
31 310
-
-
-
social contributions
2 567
-
366
-
income
6 906
-
-
-
total
9 473
-
366
-
Employer
31 310
-
-
-
social contributions
44 147
-
6 292
-
total
44 147
-
6 292
-
Corporate
7 043
82 500
-
-
income
1 549
18 150
-
-
total
1 549
18 150
-
-
Dividends
5 494
64 350
-
-
income
1 209
14 157
-
-
total
1 209
14 157
-
-
Income
82 500
82 500
82 500
82 500
Total tax
56 378
32 307
6 658
25 486
After tax
26 122
50 193
75 842
57 014
Living cost
21 836
21 836
21 836
21 836
Free-cash
4 286
28 357
54 006
35 178

Estimated living cost  is ₴21836 per week

₴14168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30566
₴31075
₴22495
₴28579
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
82 500
social contributions

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

-
-
-
28 668
income
-
-
-
9 402
surtax
-
-
-
-
total
-
-
-
38 070
Employee
23 242
-
66 667
-
surtax
-
-
-
-
social contributions
2 557
-
7 334
-
income
4 834
-
20 987
-
total
7 391
-
28 321
-
Employer
23 242
-
66 667
-
social contributions
5 520
-
15 833
-
total
5 520
-
15 833
-
Corporate
53 738
82 500
-
-
income
11 285
17 325
-
-
surtax
-
-
-
-
total
11 285
17 325
-
-
Dividends
42 453
65 175
-
-
withholding
11 887
18 249
-
-
total
11 887
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
36 083
35 574
44 154
38 070
After tax
46 417
46 926
38 346
44 430
Living cost
15 851
15 851
15 851
15 851
Free-cash
30 566
31 075
22 495
28 579

Estimated living cost  is ₴15851 per week

₴11860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20645
₴17173
₴21652
₴22187
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
2 558
social contributions
-
-
-
2 351
income
-
-
-
12 379
pensions
-
-
-
15 332
health
-
-
-
3 285
surtax
-
-
-
-
total
-
-
-
35 905
Employee
31 651
-
64 291
-
surtax
-
-
-
-
pensions
3 580
-
4 287
-
social contributions
901
-
1 832
-
income
2 762
-
12 111
-
total
7 243
-
18 230
-
Employer
31 651
-
64 291
-
other
1 092
-
2 430
-
pensions
5 201
-
7 251
-
unemployment
1 282
-
2 604
-
social contributions
95
-
193
-
health
2 215
-
5 732
-
total
9 885
-
18 210
-
Corporate
40 963
82 500
-
-
income
11 470
23 100
-
-
surtax
-
-
-
-
total
11 470
23 100
-
-
Dividends
29 494
59 400
-
-
withholding
3 776
7 603
-
-
social contributions
5 073
10 216
-
-
surtax
-
-
-
-
total
8 849
17 819
-
-
Income
82 500
82 500
82 500
82 500
Total tax
37 447
40 919
36 440
35 905
After tax
45 053
41 581
46 060
46 595
Living cost
24 408
24 408
24 408
24 408
Free-cash
20 645
17 173
21 652
22 187

Estimated living cost  is ₴24408 per week

₴16519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57361
₴59059
₴47984
₴45793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 366
social contributions
-
-
-
18 150
total
-
-
-
21 516
Employee
16 247
-
71 428
-
social contributions
1 056
-
4 643
-
income
-
-
3 610
-
total
1 056
-
8 253
-
Employer
16 247
-
71 428
-
social contributions
2 518
-
11 072
-
total
2 518
-
11 072
-
Corporate
63 735
82 500
-
-
income
6 374
8 250
-
-
total
6 374
8 250
-
-
Dividends
57 361
74 250
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
9 948
8 250
19 325
21 516
After tax
72 552
74 250
63 175
60 984
Living cost
15 191
15 191
15 191
15 191
Free-cash
57 361
59 059
47 984
45 793

Estimated living cost  is ₴15191 per week

₴9822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3938
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27449
-₴27449
-₴27449
₴24723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
437
municipal
-
-
-
16 996
labour market
-
-
-
6 565
national
-
-
-
9 476
total
-
-
-
33 474
Employee
102 578
102 578
102 578
-
national
12 532
12 532
12 532
-
municipal
21 843
21 843
21 843
-
labour market
8 195
8 195
8 195
-
pensions
146
146
146
-
total
42 716
42 716
42 716
-
Employer
102 578
102 578
102 578
-
municipal
21 878
21 878
21 878
-
pensions
292
292
292
-
national
12 554
12 554
12 554
-
labour market
8 206
8 206
8 206
-
total
42 930
42 930
42 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
82 500
82 500
82 500
82 500
Total tax
85 646
85 646
85 646
33 474
After tax
-3 146
-3 146
-3 146
49 026
Living cost
24 303
24 303
24 303
24 303
Free-cash
-27 449
-27 449
-27 449
24 723

Estimated living cost  is ₴24303 per week

₴16633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴374
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5146
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4964
-₴4520
₴33310
₴45225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
192
income
-
-
-
22 472
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
26 072
Employee
17 622
-
73 767
-
health
2 018
-
8 446
-
pensions
1 984
-
3 943
-
income
2 418
-
16 865
-
total
6 420
-
29 254
-
Employer
17 622
-
73 767
-
accident
294
-
1 232
-
pensions
2 865
-
5 694
-
unemployment
432
-
1 807
-
total
3 591
-
8 733
-
Corporate
61 286
82 500
-
-
income

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

55 158
74 250
-
-
total
55 158
74 250
-
-
Dividends
6 129
8 250
-
-
withholding
1 164
1 567
-
-
total
1 164
1 567
-
-
Income
82 500
82 500
82 500
82 500
Total tax
66 333
75 817
37 987
26 072
After tax
16 167
6 683
44 513
56 428
Living cost
11 203
11 203
11 203
11 203
Free-cash
4 964
-4 520
33 310
45 225

Estimated living cost  is ₴11203 per week

₴8154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33812
₴32699
₴24292
₴34756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
14 659
national
-
-
-
12 623
health
-
-
-
1 060
total
-
-
-
28 342
Employee
26 588
-
69 405
-
national
439
-
7 819
-
unemployment
399
-
1 041
-
health
199
-
858
-
municipal
4 355
-
11 308
-
pensions
1 794
-
4 685
-
total
7 186
-
25 711
-
Employer
26 588
-
69 405
-
accident
27
-
69
-
pensions
4 613
-
12 041
-
unemployment
173
-
451
-
health
204
-
534
-
total
5 017
-
13 095
-
Corporate
50 896
82 500
-
-
income
10 179
16 500
-
-
total
10 179
16 500
-
-
Dividends

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

30 538
49 500
-
-
municipal
5 497
8 910
-
-
national
1 407
4 989
-
-
total
6 904
13 899
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 286
30 399
38 806
28 342
After tax
53 214
52 101
43 694
54 158
Living cost
19 402
19 402
19 402
19 402
Free-cash
33 812
32 699
24 292
34 756

Estimated living cost  is ₴19402 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45757
₴48506
₴44273
₴45016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
8 176
income
-
-
-
15 504
health
-
-
-
2 104
total
-
-
-
25 784
Employee
38 859
38 859
76 731
-
health
301
661
1 304
-
social contributions
1 469
3 225
4 350
-
income
4 231
3 597
15 104
-
total
6 001
7 483
20 758
-
Employer
38 859
38 859
76 731
-
social contributions
1 469
3 225
4 350
-
health
327
719
1 419
-
total
1 796
3 944
5 769
-
Corporate
63 002
39 696
-
-
income
7 875
4 962
-
-
total
7 875
4 962
-
-
Dividends
55 127
34 734
-
-
withholding
9 371
5 905
-
-
total
9 371
5 905
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 043
22 294
26 527
25 784
After tax
57 457
60 206
55 973
56 716
Living cost
11 700
11 700
11 700
11 700
Free-cash
45 757
48 506
44 273
45 016

Estimated living cost  is ₴11700 per week

₴7012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3282
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴57722
₴60295
₴50942
₴61079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14
income
-
-
-
8 340
pensions
-
-
-
3 215
health
-
-
-
1 829
total
-
-
-
13 398
Employee

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

11 600
-
77 561
-
unemployment
58
-
240
-
health
986
-
4 076
-
pensions
1 740
-
7 193
-
income
793
-
7 087
-
total
3 577
-
18 596
-
Employer

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

11 600
-
77 561
-
pensions
638
-
2 637
-
unemployment
58
-
240
-
health
499
-
2 062
-
total
1 195
-
4 939
-
Corporate
69 706
82 500
-
-
income
6 274
7 425
-
-
total
6 274
7 425
-
-
Dividends
63 433
75 075
-
-
withholding
5 709
6 757
-
-
total
5 709
6 757
-
-
Income
82 500
82 500
82 500
82 500
Total tax
16 755
14 182
23 535
13 398
After tax
65 745
68 318
58 965
69 102
Living cost
8 023
8 023
8 023
8 023
Free-cash
57 722
60 295
50 942
61 079

Estimated living cost  is ₴8023 per week

₴5119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38941
₴41174
₴30355
₴32475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
22 076
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
36 128
Employee
18 686
-
67 567
-
unemployment
290
-
726
-
other
18
-
47
-
pensions
878
-
2 202
-
income
3 603
-
20 341
-
total
4 789
-
23 316
-
Employer
18 686
-
67 567
-
other
150
-
375
-
accident
370
-
927
-
pensions
4 410
-
11 054
-
unemployment
1 028
-
2 576
-
total
5 958
-
14 932
-
Corporate
57 857
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.

8 678
12 375
-
-
total
8 678
12 375
-
-
Dividends
49 179
70 125
-
-
withholding
10 237
15 054
-
-
total
10 237
15 054
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 662
27 429
38 248
36 128
After tax
52 838
55 071
44 252
46 372
Living cost
13 897
13 897
13 897
13 897
Free-cash
38 941
41 174
30 355
32 475

Estimated living cost  is ₴13897 per week

₴9380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2937
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴50368
₴50526
₴52042
₴52111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
28 235
pensions
-
-
-
696
health
-
-
-
504
total
-
-
-
29 435
Employee
1 453
-
81 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
28 199
-
total
500
-
28 721
-
Employer
1 453
-
81 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
330
-
total
327
-
783
-
Corporate
80 721
82 500
-
-
income
17 759
18 150
-
-
total
17 759
18 150
-
-
Dividends
62 962
64 350
-
-
withholding
12 592
12 870
-
-
total
12 592
12 870
-
-
Income
82 500
82 500
82 500
82 500
Total tax
31 178
31 020
29 504
29 435
After tax
51 322
51 480
52 996
53 065
Living cost
954
954
954
954
Free-cash
50 368
50 526
52 042
52 111

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴48391
₴50876
₴41152
₴41151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
560
income
-
-
-
18 516
pensions
-
-
-
9 700
health
-
-
-
3 843
total
-
-
-
32 619
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.

13 164
-
75 822
-
unemployment
99
-
280
-
health
678
-
1 921
-
pensions
1 843
-
5 223
-
income
1 815
-
18 516
-
total
4 435
-
25 940
-
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.

13 164
-
75 822
-
pensions
1 580
-
4 477
-
unemployment
99
-
280
-
health
678
-
1 921
-
total
2 357
-
6 678
-
Corporate
66 979
82 500
-
-
income
10 047
12 375
-
-
total
10 047
12 375
-
-
Dividends
56 933
70 125
-
-
withholding
8 540
10 519
-
-
total
8 540
10 519
-
-
Income
82 500
82 500
82 500
82 500
Total tax
25 379
22 894
32 618
32 619
After tax
57 121
59 606
49 882
49 881
Living cost
8 730
8 730
8 730
8 730
Free-cash
48 391
50 876
41 152
41 151

Estimated living cost  is ₴8730 per week

₴5878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33120
₴33302
₴24722
₴30806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
82 500
social contributions

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

-
-
-
28 668
income
-
-
-
9 402
surtax
-
-
-
-
total
-
-
-
38 070
Employee
19 614
-
66 667
-
surtax
-
-
-
-
social contributions
2 158
-
7 334
-
income
3 832
-
20 987
-
total
5 990
-
28 321
-
Employer
19 614
-
66 667
-
social contributions
4 658
-
15 833
-
total
4 658
-
15 833
-
Corporate
58 228
82 500
-
-
income
12 228
17 325
-
-
surtax
-
-
-
-
total
12 228
17 325
-
-
Dividends
46 000
65 175
-
-
withholding
12 880
18 249
-
-
total
12 880
18 249
-
-
Income
82 500
82 500
82 500
82 500
Total tax
35 756
35 574
44 154
38 070
After tax
46 744
46 926
38 346
44 430
Living cost
13 624
13 624
13 624
13 624
Free-cash
33 120
33 302
24 722
30 806

Estimated living cost  is ₴13624 per week

₴9650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴947
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.
₴2787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33899
₴37311
₴26492
₴28612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
22 076
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
36 128
Employee
24 406
-
67 567
-
unemployment
378
-
726
-
other
24
-
47
-
pensions
1 147
-
2 202
-
income
5 098
-
20 341
-
total
6 647
-
23 316
-
Employer
24 406
-
67 567
-
other
196
-
375
-
accident
483
-
927
-
pensions
5 760
-
11 054
-
unemployment
1 343
-
2 576
-
total
7 782
-
14 932
-
Corporate
50 312
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.

7 546
12 375
-
-
total
7 546
12 375
-
-
Dividends
42 766
70 125
-
-
withholding
8 866
15 054
-
-
total
8 866
15 054
-
-
Income
82 500
82 500
82 500
82 500
Total tax
30 841
27 429
38 248
36 128
After tax
51 659
55 071
44 252
46 372
Living cost
17 760
17 760
17 760
17 760
Free-cash
33 899
37 311
26 492
28 612

Estimated living cost  is ₴17760 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
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.
₴3375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴58728
₴61817
₴59839
₴56678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
71
income
-
-
-
12 375
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
17 102
Employee
11 546
-
79 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
health
531
-
814
-
pensions

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

1 014
-
1 555
-
income
1 155
-
7 903
-
total
2 827
-
10 467
-
Employer
11 546
-
79 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 951
-
unemployment
69
-
106
-
health
797
-
1 222
-
total
2 265
-
3 474
-
Corporate
68 689
82 500
-
-
income
6 869
8 250
-
-
total
6 869
8 250
-
-
Dividends
61 820
74 250
-
-
withholding
3 091
3 713
-
-
total
3 091
3 713
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 052
11 963
13 941
17 102
After tax
67 448
70 537
68 559
65 398
Living cost
8 720
8 720
8 720
8 720
Free-cash
58 728
61 817
59 839
56 678

Estimated living cost  is ₴8720 per week

₴5767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29571
₴22958
₴33396
₴24929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
8 467
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.

-
-
-
24 779
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.

-
-
-
3 452
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.

-
-
-
1 363
total
-
-
-
38 061
Employee

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

25 145
-
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.

114
-
1 363
-
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.

3 452
-
3 452
-
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.

2 068
-
24 779
-
total
5 634
-
29 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
57 355
82 500
-
-
trade
8 230
11 839
-
-
income
8 603
12 375
-
-
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.

473
681
-
-
chamber of commerce
161
198
-
-
total
17 467
25 093
-
-
Dividends
39 888
57 408
-
-
withholding
9 780
14 160
-
-
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.

538
779
-
-
total
10 318
14 939
-
-
Income
82 500
82 500
82 500
82 500
Total tax
33 419
40 032
29 594
38 061
After tax
49 081
42 468
52 906
44 439
Living cost
19 510
19 510
19 510
19 510
Free-cash
29 571
22 958
33 396
24 929

Estimated living cost  is ₴19510 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3669
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30079
₴28963
₴15453
₴15453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
social contributions
-
-
-
13 613
income
-
-
-
24 647
total
-
-
-
38 260
Employee
39 530
-
82 500
-
social contributions
3 284
-
13 613
-
income
7 459
-
24 647
-
total
10 743
-
38 260
-
Employer
39 530
-
82 500
-
total
-
-
-
-
Corporate
42 970
82 500
-
-
income
5 371
10 312
-
-
total
5 371
10 312
-
-
Dividends
37 599
72 188
-
-
withholding
7 520
14 438
-
-
total
7 520
14 438
-
-
Income
82 500
82 500
82 500
82 500
Total tax
23 634
24 750
38 260
38 260
After tax
58 866
57 750
44 240
44 240
Living cost
28 787
28 787
28 787
28 787
Free-cash
30 079
28 963
15 453
15 453

Estimated living cost  is ₴28787 per week

₴21901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34377
₴32611
₴40711
₴46687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 084
income
-
-
-
14 385
total
-
-
-
17 469
Employee
23 183
-
80 175
-
social contributions
2 323
-
2 325
-
income
2 515
-
18 795
-
total
4 838
-
21 120
-
Employer
23 183
-
80 175
-
social contributions
2 323
-
2 325
-
total
2 323
-
2 325
-
Corporate
56 995
82 500
-
-
income
19 948
28 875
-
-
total
19 948
28 875
-
-
Dividends
37 046
53 625
-
-
social contributions
2 670
2 670
-
-
total
2 670
2 670
-
-
Income
82 500
82 500
82 500
82 500
Total tax
29 779
31 545
23 445
17 469
After tax
52 721
50 955
59 055
65 031
Living cost
18 344
18 344
18 344
18 344
Free-cash
34 377
32 611
40 711
46 687

Estimated living cost  is ₴18344 per week

₴12083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴38957
₴35979
₴28983
₴36484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
income
-
-
-
22 932
pensions
-
-
-
4 403
total
-
-
-
27 335
Employee
25 642
-
72 125
-
health
334
-
1 069
-
pensions
1 957
-
5 461
-
income
4 670
-
17 931
-
total
6 961
-
24 461
-
Employer
25 642
-
72 125
-
pensions
2 591
-
9 005
-
health
487
-
1 370
-
total
3 078
-
10 375
-
Corporate
53 780
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.

10 218
15 675
-
-
total
10 218
15 675
-
-
Dividends
43 562
66 825
-
-
withholding
4 605
12 165
-
-
total
4 605
12 165
-
-
Income
82 500
82 500
82 500
82 500
Total tax
24 862
27 840
34 836
27 335
After tax
57 638
54 660
47 664
55 165
Living cost
18 681
18 681
18 681
18 681
Free-cash
38 957
35 979
28 983
36 484

Estimated living cost  is ₴18681 per week

₴12815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4794
-₴5629
₴32201
₴44116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
82 500
other
-
-
-
192
income
-
-
-
22 472
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
26 072
Employee
19 367
-
73 767
-
health
2 217
-
8 446
-
pensions
2 181
-
3 943
-
income
2 657
-
16 865
-
total
7 055
-
29 254
-
Employer
19 367
-
73 767
-
accident
323
-
1 232
-
pensions
3 149
-
5 694
-
unemployment
474
-
1 807
-
total
3 946
-
8 733
-
Corporate
59 186
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.

53 268
74 250
-
-
total
53 268
74 250
-
-
Dividends
5 919
8 250
-
-
withholding
1 125
1 567
-
-
total
1 125
1 567
-
-
Income
82 500
82 500
82 500
82 500
Total tax
65 394
75 817
37 987
26 072
After tax
17 106
6 683
44 513
56 428
Living cost
12 312
12 312
12 312
12 312
Free-cash
4 794
-5 629
32 201
44 116

Estimated living cost  is ₴12312 per week

₴9035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
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.
₴2311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴60236
₴62601
₴51065
₴39959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
969
income
-
-
-
13 504
pensions
-
-
-
14 863
health insurance
-
-
-
5 978
work injury
-
-
-
404
total
-
-
-
35 718
Employee

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

10 916
-
82 500
-
health insurance
808
-
2 989
-
unemployment
131
-
485
-
work injury
55
-
202
-
pensions
2 009
-
7 432
-
income
1 092
-
13 504
-
total
4 095
-
24 612
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
71 584
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%.

716
825
-
-
total
716
825
-
-
Dividends
70 868
81 675
-
-
withholding
10 630
12 251
-
-
total
10 630
12 251
-
-
Income
82 500
82 500
82 500
82 500
Total tax
15 441
13 076
24 612
35 718
After tax
67 059
69 424
57 888
46 782
Living cost
6 823
6 823
6 823
6 823
Free-cash
60 236
62 601
51 065
39 959

Estimated living cost  is ₴6823 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21025
₴23324
₴15080
₴18703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 882
social contributions
-
-
-
21 219
municipal
-
-
-
551
national
-
-
-
20 013
total
-
-
-
43 665
Employee
42 584
-
82 500
-
national
7 196
-
17 308
-
regional
643
-
1 669
-
municipal
254
-
492
-
social contributions
14 359
-
27 819
-
total
22 452
-
47 288
-
Employer
42 584
-
82 500
-
total
-
-
-
-
Corporate
39 916
82 500
-
-
nationa
9 580
19 800
-
-
municipal
1 924
3 976
-
-
total
11 504
23 776
-
-
Dividends
28 412
58 724
-
-
withholding
7 387
15 268
-
-
total
7 387
15 268
-
-
Income
82 500
82 500
82 500
82 500
Total tax
41 343
39 044
47 288
43 665
After tax
41 157
43 456
35 212
38 835
Living cost
20 132
20 132
20 132
20 132
Free-cash
21 025
23 324
15 080
18 703

Estimated living cost  is ₴20132 per week

₴14141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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